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Section III Persons paying in Money sooner than the Time allowed;

Original text. Later amendments are not shown.

Allowance at the Rate of £8. per Cent. per Ann.

And be it further enacted by the Authority aforesaid That in case any Person that shall underwrite according to this Act theire Heires Executors Administrators or Assignes shall pay in the three latter payments of the su[m]ms of money by them subscribed or to be subscribed or any part thereof sooner then the times in this present Act limited for the same there shall be rebated and allowed unto them by way of rebate so much of the said moneys underwritten as the Interest of the said money so paid in before hand from thenceforth to the time and times respectively whereon the same is by this present Act limited to be paid after the rate of eight Pounds for one hundred pounds for a yeare shall amount unto And John Warner John Towse Thomas Andrewes and Lawrence Haulstead in the said recited Act named or any two of them are hereby authorized & required to make the said allowances by way of rebate accordingly And the same shall upon theire Accompts be allowed unto them And the said money so rebated shall be accompted and adjudged to be paid by the said underwriters theire Heires Executors Administrators or Assignes and shall be as beneficiall unto them as if the same had beene actually paid according to the Propositions in the said recited Act menc[i]oned