Crown Lands (Forfeited Estates) Act 1698

CXXXVII. Repayment of Monies how secured.

Books provided; Principal Monies lent the King between 5th Dec. 1699 and 13th Mar. 1699, not exceeding £220,000, and £100,000 for paying Seamens Wages, to be first registered and paid; Orders for Repayment registered according to Date of Tally, and paid in course; Monies to come in by this Act liable to satisfy such Loans; with Interest at £5 per Cent, per Ann.

And it is hereby alsoe enacted That there shall be provided and kept in the Office of the Auditor of the Receipt of the Exchequer one Booke or Register in which all the Orders payable out of the Moneys to be taxed and assessed by this Act within the Kingdome of England Dominion of Wales and Towne of Berwick upon Tweed as aforesaid shall be entred and registred. And that all and every the Principall Summes of Money which have been lent to His Majesty at the Receipt of His Exchequer betweene the Fifth Day of December One thousand six hundred ninety nine and the Thirteenth Day of March One thousand six hundred ninety nine not exceeding Two hundred and twenty thousand Pounds and One hundred thousand Pounds for paying Seamens Wages and all and every the Orders of Loane 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 Loane for the said Principall Summes which Transferences shall and may be and are hereby required to be made by vertue of this Act without makeing any Issues or takeing any Receipts from, the Parties in order to transferre the said Loanes And that the Principall Moneys on the Orders soe 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 vertue of this Act of or for the Taxations or Assessments aforesaid in the same Course and Order according to which they are hereby appointed to be transferred and with Preference to any other [X1 Loane] or Summes of Money which shall be registred upon and payable out of the same And that Interest after the Rate of Five Pounds per Cent[um] per Annum for the said Loanes to be transferred as aforesaid shall be paid and satisfied out of the same Moneys ariseing as aforesaid every Three Months from the respective Times of makeing the said Loanes untill the respective. Times of Satisfaction of the said Principall Summes And that any Person or Persons who are or shall be entituled 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 soe toties quoties Any thing herein contained to the contrary notwithstanding.

Editorial Information

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