Dover Harbour Act 1698

V.

Treasurer may convey the Duties for Five Years for £6,000, to be lent at £6 per Cent.

And forasmuch as the Moneys to be levyed and collected by virtue of this Act may not in any one Yeare amount to soe much as the Necessities of the said Repaires may in that Time require to be expended thereon Be it further enacted by the Authority aforesaid That it shall and may be lawfull to and for any Person or Persons at any Time during the Continuance of this Act to advance and lend any Summe or Summs of Money on the Credit thereof to the Treasurer of the said Harbour (after his haveing given Security as aforesaid) who is hereby impowered by Indenture under his Hand and Seale (by and with the Consent and Approbation of the Warden and Assistants of the said Harbour or the major Part of them for the Time being) to transferre grant and convey the Duties and Profitts to be raised by virtue of this Act for any Time not exceeding the Terme of Five Yeares unto such Person or Persons as shall or will upon such Security advance or lend any Summe not exceeding at any one Time during the Continuance of this Act the Summe of Six thousand Pounds and alsoe not exceeding Six Pounds per Centum for the Interest thereof per Annum for every One hundred Pounds and soe proportionable more or lesse for every Summe lent or advanced