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Crown Lands (Forfeited Estates) Act 1698
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CXLVI.His Majesty may contract for or farm the Duties of Excise, and upon Salt, from 24th June 1700, for Three Years, under such Conditions as His Majesty shall think reasonable;
Allowance to Farmers, or Contractors, for Advance Money.
And for the better Improvement of His Majesties Revenues ariseing by the severall Duties of Excise upon Beere Ale Syder Perry Metheglin Low-Wines Spiritts and other exciseable Liquors and such Duties upon Salt as are now under the Management of the Commissioners of Excise Bee it further enacted by the Authority aforesaid That it shall and may be lawfull to and for His Majesty (if he pleases) to contract for demise or lett to farme the said Revenues and Duties of Excise and the said Duties upon Salt from the Four and twentieth Day of June One thousand seaven hundred for any Terme not exceeding Three Yeares to such Person or Persons as His Majesty shall thinke fitt for such Summe or Summes of Money to be advanced by the Farmers or Contractors and att such Rent or Rents or Summes of Money to be ascertained yearely and made payable weekly and with such Covenants concerneing the Overplus of the said Revenues and for makeing Allowances and Defalcations to the Farmers and Contractors and for repaying and recouping their Advance-Money with the Interest thereof to be agreed for (which Interest shall not exceede the Rate of Five Pounds per Centum per Annum without any other Premium Reward or Gratuity for advanceing the same) and under such other mutuall Covenants Conditions and Agreements as to His Majesty in that behalfe shall seeme reasonable
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