# Taxation (No. 2) Act 1695, Section XV: Treasury may compound for the new Impost. &c.


And whereas by reason of Great Losses befallen Traders dureing the present Warr many Persons who are Debtors to the King for new Impost or additional Duties of Goods already imported have been forced to abscond but yet are willing to pay what they are able Bee enacted by the Authority aforesaid That it shall and may bee lawfull for the Lords Commissioners of the Treasury or any Three or more of them or the Lord Treasurer for the time being according to their Discretion to compound with such Person or Persons as have sustained great Losses by the present Warr and have been forced to abscond for any Moneys by them or any of them due or owing for new Impost or additional Duties or any Bond or Bonds given for secureing of new Impost or additional Duties although such Imposition or Duty on which the Debts oweing by such Person or Persons are appropriated to particular Uses so as this Power shall not extend to any such Debts contracted or Bonds given after the First Day of February One thousand six hundred ninety five Any thing in any former Act or Acts of Parliament to the contrary notwithstanding.

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Source: https://www.legislation.gov.uk/aep/Will3/7-8/10/section/XV (the official version)
Page: https://openlegislation.uk/taxation-no-2-act-1695/section-XV
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.