Debts Due to the Army, etc. Act 1698

XVI.

Debts, &c. of Officers assigned or agreed to be assigned before 25th March 1700, redeemable as herein mentioned.

And whereas severall Persons have taken Advantage of the Necessity of divers Officers who have served in His Majesties Armies and others to whom Money is due for Transport-Service and bought from them their Talleys Orders Assignments and Debts at very low Rates to their owne exorbitant Gaine and the Oppression of the Persons aforesaid Be it therefore further enacted and declared That all such of the said Debts as have beene at any Time before the Five and twentieth Day of March One thousand seaven hundred assigned or granted or covenanted to be assigned or granted or for which any Authority hath heretofore beene given or granted by any of the Persons aforesaid their Executors or Administrators to any Person or Persons to receive the same or any Part thereof to the Use of such Person soe authorized or to any other Person besides such Officer or Owner of such Transport-Shipps shall and may be redeemed and are hereby declared to be redeemable by the said Officers or Owners or their respective Executors or Administrators on Payment of the Principall Summe of Money paid in Consideration of makeing the said Assignment Grant Convenant or Authority together with Interest for the same from the Time of the Payment thereof after the Rate of Six Pounds per Cent[um] per Annum discounting for what hath been received for or in respect of the said Debt by any such Person to whom such Assignement and Authority was made or given and upon Payment or Tender of the said Principall-Money and Interest such Grant Assignement or Authority and all Covenants and Agreements concerning the same shall be void