Section XVII Clause of Loan for £300,000 upon Credit of the said Duties.

Interest at the Rate of £6 per Cent per Ann. for First £150,000; £7 per Cent. per Ann for last £150,000.

And be it further enacted by the Authority aforesaid That it shall and may be lawfull to and for His Majesty or His Majesties Officers in the Receipt of His Exchequer to borrow or take in by way of Loan to His Majesties Use on Credit of the said Rates and Duties upon Low Wines or Spirits of the First Extraction and of the said Duties upon Coffee Cocoa Nuts Chocolate Cocoa Past Tea Nutmegs Cinamon Cloves Mace and Pictures and any other Things therewith charged as aforesaid and of the said Impositions and Sums of Money payable by Hawkers Pedlars and Petty Chapmen and of the said further Duties imposed upon Muslins any Sum or Sums of Money not exceeding Three hundred thousand Pounds from any Person or Persons Natives or Foreigners Bodies Politick or Corporate as shall be willing to advance or lend the same and that Interest for the Forbearance thereof not exceeding the Rate of Six Pounds per Centum per Ann[um] for the First One hundred and Fifty thousand Pounds and Seven Pounds per Centum per Annum for the remaining One hundred and fifty thousand Pounds which shall be so lent shall be allowed and paid out of the same Rates X1and Duties and that the Money so to be lent shall not be rated or assessed to any Publick Tax or Assessment whatsoever.