Billeting Act 1679

XII. Treasury authorized, as herein mentioned, to issue Money granted by this Act.

Persons lending Money on the Credit of this Act to have Tally and Order for Repayment.; Interest at £8 per Cent. per Ann.

And whereas it will be necessary for the more speedy disbanding and paying off the said Forces soe raised That Money should be borrowed upon the Credit of the said Two hundred six thousand fower hundred sixty two pounds seaventeene shillings and three pence given by this Act And that the issueing and paying thereof out of His Majestyes Exchequer may be with the most Expedition for the Ends aforesaid Bee it enacted by the Authoritie aforesaid That the Lord Treasurer and Under Treasurer of the Exchequer for the time being or the Lords Commissioners of the Treasury now or for the time being or any Three or more of them shall and are hereby authorized by Order or Warrant under their Hands without any Privy Seale or other Warrant from the King his Heires or Successors to issue the Money by this Act granted to such Person and Persons and according to such Rules Orders and Directions as are hereby directed and appointed and not otherwise And that all and every Person and Persons who shall lend any Money to His Majestie upon the Credit of the aforesaid Summe of Two hundred six thousand fower hundred sixty two pounds seaventeene shillings and three pence and pay the same into the Receipt of the Exchequer shall immediately and by vertue hereof have a Tally of Loane for the same and an Order for Repayment beareing the same Date with the Tally with a Clause therein inserted for the Payment of Interest for such money at the rate of Eight pounds per Centum by the yeare to be paid every Three moneths untill the Repayment of the Principall which Order of Loane shall be in these words mutatis mutandis that is to say

Form of Order of Loan.

Order is by us taken this day of by vertue of an Act entituled An Act for granting a Supply to His Majestie of Two hundred and six thousand foure hundred sixty two pounds seaventeene shillings and three pence for paying off and disbanding the Forces raised since the Nine and twentyeth of September One thousand six hundred seaventy and seaven That you deliver and pay of such His Majestyes Treasure as remaines in your Charge of the Summe of Two hundred six thousand fower hundred sixty two pounds seaventeene shillings and three pence ariseing by vertue of the said Act unto or his Assignes the Summe of in Repayment of soe much Money by him lent unto His Majestie upon the Credit of the said Summe of Two hundred six thousand fower hundred sixtie two pounds seaventeene shillings and three pence and paid into the Receipt of His Majestyes Exchequer the said day of as by a Tally leavyed at the Receipt of the Exchequer beareing Date the same day appeares together with the Interest thereof at the rate of Eight pounds per Cent? per Ann? at the end of every Three moneths untill the repayment of the Principall And these together with his or her Acquittance or the Acquittance of his or her Assignee or Assignes shall be your Discharge therin.

If sufficient Money not advanced to pay Commission Officers what shall be due to them, Commissioners to give a Debenture on the Treasury for Payment, with Interest at £8 per Cent. payable Quarterly.

And that in case there shall not be money enough advanced by Loane to pay the Commission Officers what shall be to them due upon stateing their Accompts the Commissioners appointed by this Act for disbanding the said Forces or any one or more of them are hereby authorized and required to give to X1 the said Officers a Certificate or Debenter under their or any of their Hands and Seales directed to the Lord Treasurer or Lords Commissioners of the Treasury for the time being who shall thereupon by vertue of this Act without any Privy Seale or other Warrant from His Majestie His Heires or Successors give or cause to be given to every such respective Officer or Officers an Order for the Payment of the Summe soe certified together with Interest for the same after the rate of Eight pounds per Centum per Annum to be paid Quarterly from the day of the Date of such Order untill the Payment of the money due thereupon.

Editorial Information

X1 Variant reading of the text noted in The Statutes of the Realm as follows: every of O. [O. refers to a collection in the library of Trinity College, Cambridge]