Section XXVIII

Persons having Annuities for one Life purchased upon the several Acts mentioned in 6&7 W. III. c.5. may on Payment of a Sum convert the same into a Term for the Residue of a Term of 96 Years, either along with or in addition thereto, as herein mentioned.

And to the end that Money may be raised to discharge and pay off the said Su[m]m of One hundred and fourty thousand Pounds for satisfying and making good the several Annuities charged upon the said late Duties of Tunnage of Ships and the said further Su[m]m of One hundred and fourty thousand Pounds for satisfying & making good the several An[n]uities which were charged on the said Duties on Salt Be it further enacted by the Authority aforesaid That it shall and may be lawfull to & for any Person or Persons Natives or Forreigners haveing any Estate for One Life of and in any Annuity purchased or obtained att the Rate of One hundred Pounds for every Foureteen Pounds per Annum upon the several Acts of Parliament mentioned in an Act made and passed in the Parliament which was holden att Westminster in the Sixth and Seventh Yeares of His Majeties Reigne intituled An Act for enabling such Persons as have Estates for Life in Annuities payable by several former Acts therein mentioned to purchase and obtaine further or more certaine Interests in such Annuities and in default thereof for admitting other Persons to purchase and obtain the same for raiseing Money for carrying on the Warr against France or any of them at any time before the Foure and twentieth Day of June One thousand six hundred ninety seven to advance and pay into the Receipt of His Majesties Excheq[uer] so much Money as every or any such Annuity being computed for Foure Yeares doth or shall amount unto (that is to say) Every such Person shall and may pay to His Majesties Use for every One hundred Pounds that was paid for the single Life in any Annuity of Foureteen Pounds per Annum the Su[m]m of Fifty six Pounds more for changing or converting the same into a certaine Terme for the residue which shall be then to come of Ninety six Yeares to be reckoned from the Five and twentieth Day of January One thousand six hundred ninety five or for a further Interest for the residue of the said Terme of Ninety X1six Yeares to take Effect after the said Estate for Life and in the same proportion for higher or larger Annuities.