# Taxation (No. 3) Act 1695, Section XXXV: Recital of c. 1. ante, § 2.


§3 Monies raised by this Act applied to make good the Deficiencies of clipt Monies, as herein mentioned.
And whereas in and by an Act of this present Parliament intituled An Act for remedying the ill State of the Coyne of the Kingdome Itt is provided and enacted That the Clipt Moneys therein mentioned which were or att any tyme or tymes within the tyme therein expressed should bee brought or paid into the Receipt of Exchequer should bee melted and recoyned And that all the new Money proceeding from the Silver of the said Clipt Moneys (except as therein is excepted) bee brought back into the Receipt of His Majesties Exchequer and bee there placed to the respective Accounts of the particular Revenues Taxes Loans or other Branches to which the said Clipt Moneys did respectively belong And that true Accounts should bee kept in the said Receipt of Exchequer expressing therein particularly every Summe of the New Moneys which should soe from tyme to tyme bee brought into the said Receipt from the Mint or Mints for the Proceed of the said Clipt Moneys soe appointed to bee recoyned to the end the Differences betweene the Summes in Tale of the said Clipt Moneys and the Summes. in Tale of the said New Moneys proceeding therefrom from tyme to tyme might bee plainely knowne and manifested and to the end the Deficiencies which would thereby bee occasioned in the produce of the said Revenues Taxes Loans and other Branches might bee ascertained in order to the makeing them good att the Publick Charge as by the said Act more att large appeareth Itt is hereby further enacted by the Authority aforesaid That all the Moneys which shall bee raised by virtue of this present Act of Parliament by Loans to bee made as aforesaid and all the Moneys which shall bee raised and paid into the Exchequer of or for the Rates Duties and Impositions hereby granted other than and except soe much of the said Rates Duties or Impositions as is herein before appointed to bee applyed to the Repayment and Satisfaction of the said Loans and the Interest thereof or for Payment of Salaries or other Allowances in and by this Act otherwise specially directed shall be appropriated and applyed and the same are hereby appropriated for or towards the supplying and makeing good the Deficiencies of the said Clipt Moneys (that is to say) the Differences which from tyme to tyme shall appeare to bee betweene the Summes in Tale of the Clipt Money which shall from tyme to tyme have beene taken from the said particular Revenues Taxes Loans or other Branches to be melted and recoyned pursuant to the said Act and the Summes in Tale of the New Moneys proceeding therefrom and which shall from tyme to tyme bee brought back into the Receipt of the Exchequer from the Mint or Mints according to the same Act.

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Source: https://www.legislation.gov.uk/aep/Will3/7-8/18/section/XXXV (the official version)
Page: https://openlegislation.uk/taxation-no-3-act-1695/section-XXXV
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.