{
  "url": "https://openlegislation.uk/taxation-no-2-act-1695/section-VII",
  "json_url": "https://openlegislation.uk/taxation-no-2-act-1695/section-VII.json",
  "legislation": "aep/Will3/7-8/10",
  "legislation_title": "Taxation (No. 2) Act 1695",
  "legislation_url": "https://openlegislation.uk/taxation-no-2-act-1695",
  "path": "section/VII",
  "kind": "section",
  "number": "VII",
  "heading": "4 W. & M. c. 15.",
  "text": "Money may be advanced on Security of Duties, subject to Repayment of £500,000; not exceeding £1,500,000. Tallies of Loan and Orders for; Repayment, with Interest, at the Rates herein mentioned.\nAnd whereas by the Act of Parliament made in the Fourth and Fifth Yeares of Their said Majesties Reigne entituled An Act for continuing certaine Acts therein mentioned and for charging several Joint Stocks a Credit was given for borrowing any Su[m]ms not exceeding Five hundred thousand Pounds as well upon the Security of that Act as of the several other Acts therein before mentioned in pursuance whereof several Su[m]ms amounting to Five hundred thousand Pounds where actually lent att the Receipt of Exchequer and part thereof doth still remain unsatisfied Bee it further enacted by the Authority aforesaid That it shall and may bee lawfull to and for any Person or Persons Natives or Forreigners Bodies Politick or Corporate to advance and lend unto His Majestie upon the Security of the Impositions and Duties ariseing by this Act and alsoe upon Security of the Impositions and Duties which from and after the Repayment of the said Su[m]m of Five hundred thousand Pounds borrowed as aforesaid and the Interest thereof shall arise by the said Act made in the Fourth and Fifth Yeare of their said Majesties Reigne any Su[m]m or Su[m]ms not exceeding in the whole the Su[m]m of Fifteen hundred thousand Pounds to bee supplied out of such Impositions or other Duties as are before mentioned And that Tallies of Loan shall bee levied for all and every Su[m]m and Su[m]ms of Money soe to bee lent And that Orders according to the Course of the Exchequer shall bee drawne signed and issued for the Repayment of the same and for Payment of Inteŕest for the Forbearance of every such Su[m]m of Money which Interest shall not exceed the Rate of Five Pounds per Cent[um] per Annum for the First Foure hundred thousand Pounds Six Pounds per Cent[um] per Annum for the Second Foure hundred thousand Pounds Seven Pounds per Cent[um] per Annum for the Third Foure hundred thousand Pounds and Eight Pounds per Cent[um] per Annum for the remaining Three hundred thousand Pounds and shall bee payable every Three Months from the respective Dates of the Tallies of Loan until the Satisfaction of the respective principal Sums.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "X",
      "label": "X1",
      "text": "interlined on the Roll."
    },
    {
      "type": "X",
      "label": "X2",
      "text": "Variant reading of the text noted in The Statutes of the Realm as follows: Centum O. [O. refers to a collection in the library of Trinity College, Cambridge]"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/aep/Will3/7-8/10/section/VII",
    "retrieved_at": "2026-10-28T20:23:42.878527+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}