# Public Accountants Act 1667, Section II: Bodies Politic and Corporate not accounting for and paying Monies due, according to the Course of the Exchequer, to pay Interest at £12 per Cent. per Ann. till Principal paid.


Process to be awarded.
And further That all and every person and persons Bodies Politique and Corporate who having received any Moneys or Duties due to the Kings Majesty shall not duly accompt for and pay the same according to the course of the Exchequer into the Receipt there or to such person or persons to whom the same ought to be paid according to Law within two moneths next after the same shall have been so received shall from thenceforth answer and pay to the Kings Majestie his Heires and Successors Damages for all such Moneys and Duties after the rate of Twelve pounds per Cent[um] by the yeare for soe long time as the same shall be detained or not paid by the judgement and direction of the Court of Exchequer without any power of abatement or installment to be made or allowed for the same or any part thereof And that the processe of the said Court shall be forthwith awarded against all the said persons Bodies Politique and Corporate theire Heires Executors and Administrators chargeable with any of the said moneys for the speedy and effectuall levying thereof with Damages for the same as aforesaid according to the true meaning of this Act Any other Law Statute Usage Priviledge or Pretence whatsoever to the contrary in any wise notwithstanding

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Source: https://www.legislation.gov.uk/aep/Cha2/19-20/7/section/II (the official version)
Page: https://openlegislation.uk/public-accountants-act-1667/section-II
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.