# Taxation (No. 3) Act 1688, Section XXV: Money may be lent to the Crown, on Security of Act, at £7 per Cent. per Ann.


Provided alwayes and it is hereby Enacted That it shall and may be lawfull to and for any person and persons to Advance and Lend unto Their Majestyes upon the Security of this Act any Summe or Summes of Money and to have and receive for the Forbearance thereof after the Rate of Seven pounds by the Hundred for One whole Yeare and noe more directly or indirectly And moreover that noe Money soe Lent upon the Security of this Act or any other Act of this present Parliament shall be Rated or Assessed by vertue of this Act.

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