# Rivers Wye and Lugg Act 1695, Section XXIII: Trustees of the Navigation may borrow £16,000.


Application thereof, repaid with Interest at £4 per Cent. per Annum.
And be it further enacted by the Authority aforesaid That it shall and may be lawfull for the Trustees of the Navigation appointed by this Act to borrow and take att Interest for the making the said Rivers of Wye and Lugg navigable by way of Loan any Su[m]m or Su[m]ms of Money not exceeding in the whole the Su[m]m of Sixteen thousand Pounds All which Su[m]m or Su[m]ms of Money soe to be taken upp or borrowed shall be applied to the making the said Rivers navigable and to no other Purpose whatsoever and shall be repaid by the said Trustees with Interest for the same not exceeding Foure Pounds per Centum per Annum to such Person or Persons their Executors Administrators or Assigns as shall advance or lend the same in Course as the same shall be lent for which this Act shall be their Security.

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Source: https://www.legislation.gov.uk/aep/Will3/7-8/14/section/XXIII (the official version)
Page: https://openlegislation.uk/rivers-wye-and-lugg-act-1695/section-XXIII
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.