OpenLegislation

Section XX Persons lending Money on Credit of Act to have Tally of Loan from the Exchequer.

Original text. Later amendments are not shown.

And bee it further Enacted and Ordained by the Authoritie aforesaid That all and every person and persons who shall lend any Moneys not exceeding Three hundred and seventy thousand pounds in the whole to Your Majesties upon the Credit of this Act and Pay the same into the Receipt of the Exchequer shall immediately have a Talley of Loane struck for the same and an Order for his Repayment bearing the same Date with his Tally in which Order shall be alsoe contained a Warrant for Payment of Interest for forbearance not exceeding the Rate of Six pounds per Centum per Annum for his Consideration to be paid every three Months untill the Payment of his Principall