# Taxation (No. 3) Act 1688, Section XL: Loans to the Crown between the 11th of Nov. and 21st of Dec. 1689, upon the Credit of c. 20. ante.


and all Orders for the same not exceeding £300,000, and Interest, to be transferred, on Application of the Lenders, to the Register under this Act; and such Monies repaid, with Interest at £7 per Cent. per Ann. out of Monies raised under this Act.; Auditor of Receipt to make Memorandums in the Margin of his Books accordingly.; Succeeding Orders to be paid in Course.
And bee it further Enacted That all and every the Loanes which betweene the Eleaventh day of November One thousand six hundred eighty and nine and the One and twentyeth day of December One thousand six hundred eighty and nine have beene or shall have beene made by any Person or Persons Bodyes Pollitique or Corporate into the Receipt of the Exchequer upon Credit of an Act made in the late Session of this present Parlyament Entituled An Act for a Grant to Their Majestyes of an Ayd of Twelve pence in the Pound for One Yeare for the necessary Defence of Their Realmes. And all and every or any of the Orders for the same Loanes or any of them not exceeding Three hundred thousand pounds in the whole and the Interest thereof shall by Vertue and Authoritie of this present Act at the instance or instances of the Lenders thereof his her or their Executors Administrators or Assignes to be made to the Auditor of the Receipt of the said Exchequer be transferred to the Register appointed to be kept by this present Act and be Registred therupon And the Moneys soe lent and which are or shall be contained in such transferred Orders with the Interest after the rate of Seaven pounds per Centum per Annum shall be payable and paid to the Lenders of the same his her or their Executors Administrators or Assignes out of the Moneys ariseing by Vertue of this Act as fully and effectually as if such Loanes had beene Originally made upon the Credit of this present Act and as if such transferred Orders were Originally Registred upon the Register by these Presents appointed to be kept And that the Auditor of the said Receipt upon the transferring of the said Loanes or the Orders for the same as aforesaid shall make Memorandums in the Margin of his Bookes where the same doe or shall stand Entered or Registred upon the said Act for the Grant of the said Twelve pence in the Pound importing the Tranferrence thereof and that they are to be paid out of the Moneys ariseing by Vertue of this Act And any succeeding Orders which shall or may be or remaine upon the said Register for the Twelve pence in the Pound (if any such shall be) shall be payable and paid in course out of the Moneys ariseing by the said Act for the Grant of the said Twelve pence in the Pound in such order and manner as if the transferred Loanes or Orders had never beene Registred thereupon Any thing in this present Act contained to the contrary notwithstanding.

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Source: https://www.legislation.gov.uk/aep/WillandMarSess2/1/1/section/XL (the official version)
Page: https://openlegislation.uk/taxation-no-3-act-1688/section-XL
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.