Land Tax Act 1698

LXXII. And Register of all Monies payable thereout.; Principal Monies lent on Cap. 1. ante, between 25th Dec. 1698 and 20th April 1699, to be first registered.

Principal Monies so transferred, payable to Lenders out of Monies arising by this Act, in due course, with Interest, at £7 per Cent. per Ann.

Persons intitled to transferred Monies may assign Orders.

And it is hereby also enacted That there shall be provided and kept in the same Office one other Book or Register in which all the Orders for Money payable upon this Act shall also be entred and registred And that all and every the principall Sums of Money which at any time or times betweene the Five and twentith Day of December One thousand six hundred ninety and eight and the Twentieth Day of April One thousand six hundred ninety and nyne have been lent or shall be lent to His Majesty at the Receipt of His Exchequer for which there is a Clause of Credit contained in an Act of this Session of Parliament for disbanding the Army and other Services and all and every the Orders of Loan for the same shall be in the first Place transferred to and placed upon the said Register for Orders appointed to be kept by this Act and shall be registred thereupon in due Course and Order according to the Dates of the respective Talleys of Loan for the said principall Sums Which Transferrences shall and may be and are hereby required to be made by virtue of this Act without making any Issues or taking any Receipts from the Parties in order to transferr the said Loan And that the principall Moneys on the Orders so transferred shall be payable and paid to the Lender or Lenders of the same his her or their Executors Administrators or Assignes out of the Moneys ariseing by virtue of this Act in the same Course and Order according to which they are hereby appointed to be transferred and with preferrence to any other Loans or Sums of Money which shall be registred upon and payable out of the Moneys granted by this present Act and that Interest after the Rate of Seaven Pounds per Centum per Annum for the said Loans to be transferred as aforesaid shall be paid and satisfied out of the Moneys arising by this Act every Three Months from the respective times of making the said Loans untill the respective Times of Satisfaction of the said principall Sums And that any Person or Persons are or shall be intituled to any Moneys to be paid by such Orders to be transferred as aforesaid shall or may assigne over the same to any Person or Persons which Assignments shall be good and effectuall in Law and so toties quoties Any thing herein contained to the contrary notwithstanding