# Taxation: Members of Parliament Act 1700, Section LXXVIII: LXXVIII. A Register to be kept for the other Two Third Parts.


£700,000 lent between 18th Feb. 1700 and 10th June 1701, to be first transferred to the said Two Third Parts; and to be registered in course, according to the Dates of the Tallies; The said Loans to be paid before any other Sums to be registered upon the said Two Third Parts; with Interest at £6 per Cent. per Ann.
And it is hereby alsoe enacted That there shall alsoe be kept in the said Exchequer a Register for all the Orders to be registred on the other Two Third Parts of all the Moneys ariseing by this Act and that all and every the principall Summes of Money which have been lent to His Majestie at the Receipt of His Exchequer betweene the Eighteenth Day of February One thousand seven hundred and the Tenth Day of June One thousand seven hundred and one not exceeding Seven hundred thousand Pounds and all and every the Orders of Loan for the same shall be in the first place transferred to and placed upon the said Register for Orders appointed to be kept by this Act for the said Two Third Parts of the said Aid and Assessments by this Act granted and shall be registred thereupon in due Course and Order according to the Dates of the respective Talleys of Loan for the said principall Su[m]mes which Transferences shall and may be and are hereby required to be made by virtue of this Act without makeing any Issues or taking any Receipts from the Parties in order to transferr the said Loans And that the principall Moneys on the Orders so transferred shall be paiable and paid to the Lender or Lenders of the same his her or their Executors Administrators or Assigns out of the Moneys ariseing by virtue of this Act of or for the Taxations or Assessements aforesaid in the same Course and Order according to which they are hereby appointed to be transferred and with Preference to any other Loan or Sums of Mony which shall be registred upon and paible out the said Two Third Parts and that Interest after the Rate of Six Pounds p[er] Centum p[er] Annum for the said Loans to be transferred as aforesaid shall be paid and satisfied out of the said Two Third Parts ariseing as aforesaid every Three Months from the respective Times of making the said Loans untill the respective Times of Satisfaccion of the said principal Summes.

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Source: https://www.legislation.gov.uk/aep/Will3/12-13/10/section/LXXVIII (the official version)
Page: https://openlegislation.uk/taxation-members-of-parliament-act-1700/section-LXXVIII
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.