{
  "url": "https://openlegislation.uk/taxation-no-2-act-1697/section-LXXVII",
  "json_url": "https://openlegislation.uk/taxation-no-2-act-1697/section-LXXVII.json",
  "legislation": "aep/Will3/9/10",
  "legislation_title": "Taxation (No. 2) Act 1697",
  "legislation_url": "https://openlegislation.uk/taxation-no-2-act-1697",
  "path": "section/LXXVII",
  "kind": "section",
  "number": "LXXVII",
  "heading": "Loans may be made either in Coin or Exchequer Bills.",
  "text": "Which Bills (Exception) are to be immediately cancelled. If Loans made in Money, Treasury to dispose thereof for buying Exchequer Bills.; And to cause Bills so purchased to be cancelled.\nAnd it is hereby further enacted by the Authority aforesaid That all and every the Su[m]ms of Money that shall be lent upon this Act (and which are hereby appointed to be registred in Course after the said Su[m]m not exceeding Eight hundred and fifty thousand Pounds and alsoe after the Su[m]m hereby appointed to be registred for Payment of the said Annuities) shall & may be lent to His Majesty either in the lawfull Coins of this Kingdome or in the Bills co[m]monly called the Exchequer Bills And that the Exchequer Bills so lent (not being any of those comeing in for the Tax or Duties hereby granted) shall be imediately cancelled in the Excheq[uer] (except so much as shall be sufficient to compleat the Su[m]m of Two hundred & fifty thousand Pounds for disbanding the Army to be applied as aforesaid) And if any such Loans be made in coined Moneys the Co[m]missioners of His Ma[jes]ties. Treasury or any Three of them or the Treasurer of the Excheq[uer] for the time being shall forthwith from time to time cause such coined Money to be issued and disposed to His Ma[jes]ties best advantage in and for the purchasing of Exchequer Bills and shall cause all the Exchequer Bills so purchased to be forthwith cancelled in the Exchequer. And that the respective Tellers who shall be chargeable with the said Bills shall upon the cancelling thereof be discharged of the same in their respective Accounts. Any thing herein contained to the contrary notwithstanding.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/aep/Will3/9/10/section/LXXVII",
    "retrieved_at": "2026-10-28T20:23:00.585606+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."
}