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Taxation Act 1698
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XXIX.Recital that the Duties of 8 & 9 W. III. c. 22. are likely to expire before they have proved effectual.
Additional Interest of One Farthing a Day on Tickets.
And whereas the Duties granted to His Majesty by one Act of Parliament intituled An Act for granting to His Majesty certaine Duties upon Malt Mum Sweets Cyder and Perry as well towards carrying on the War against France as for the necessary Expences of His Majesties Household are likely to expire befere they have fully answered and satisfied the Ends and Purposes for which they were granted And whereas the Commons in Parliament assembled have declared they will make good all such Deficiencies as shall happen upon the falling short of the said Duties And whereas there is a small Interest of One Farthing a Day allowed by the last recited Act upon severall Bills or Ticketts commonly called Malt Lottery Ticketts Now for the advanceing the Credit and Value of the said Bills or Ticketts be it enacted by the Authority aforesaid That from and after the Twenty fifth Day of March in the Yeare of our Lord One thousand six hundred ninety nine upon every such Bill or Tickett carrying the said Interest of One Farthing a Day (other than such Bills or Tickets as shall be paid off and discharged by the Duty now chargeable with the same) an additionall Interest of One Farthing a Day shall be allowed and paid respectively upon every such Bill or Ticket untill such Bill or Ticket shall be fully paid off and discharged
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