OpenLegislation

Section XIX Persons may lend Money on the Credit of 7 &8 W. III. c. 2.

Original text. Later amendments are not shown.

Tallies of Loan for the same, and assignable.

And bee it further enacted by the Authority aforesaid That from and after the last day of February One thousand six hundred ninety five Itt shall and may be lawfull to and for any Person or Persons Natives or Forreigners Bodies Politick or Corporate to advance and lend to His, Majestie att the Receipt of His Exchequer upon Creditt of the Monies to bee contributed or advanced for Annuities by the Act made and passed in this present Parliament holden in the Seventh Yeare of His Majesties Reigne intituled An Act for enlargeing the Times to come in and purchase certain Annuities therein mentioned and for continuing the Duties formerly charged on Low Wines or Spirits of the First Extraction for carrying on the Warr against France any Sum[m] or Sum[m]s. of Money as together with the whole Value or Amount of all the Sum[m]s of Money which have been or shall before the said last day of February bee contributed or advanced for Annuities on the said Act shall not exceed the Sum[m] of Three hundred eighty two thousand foure hundred sixty nine Pounds And Tallies of Loan shall bee levied for the same and Orders for Repayment shall bee drawne for the Principal Monies soe to bee lent and for Interest thereof not exceeding the Rate of Six Pounds per Centum per Annum which said Orders shall bee assignable and transferrable from one Person to another.