# Taxation, etc. (No. 2) Act 1695, Section XXIX: Company to lend £500,000 per Ann. on sufficient Land Securities, at Interest.


And whereas the Intent of incorporating the Subscribers as aforesaid is in order to enable them to lend Moneys on Securities of Lands att low Interest Be it enacted by the Authority aforesaid That the said Governor and Company shall lend out the Su[m]m of Five hundred thousand Pounds per Annum att the least over and above what they shall lend to Members of the said Corporation on Land Securities att Interest not exceeding Three Pounds ten Shillings per Centum per Annum payable Quarterly or Foure Pounds per Centum per Annum payable Halfe yearely att the Election of the Owners of the Lands in case sufficient Secureties for the same be tendred unto them.

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Source: https://www.legislation.gov.uk/aep/Will3/7-8/31/section/XXIX (the official version)
Page: https://openlegislation.uk/taxation-etc-no-2-act-1695/section-XXIX
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.