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Taxation Act 1701
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XXXII.The said Duties, after Payment of Charges, to be paid into the Exchequer.
Clause of Loan thereon for £600,000 upon Interest, at £6 per Cent. Per Ann. Tax free.; Tallies of Loan; Orders for Repayment registered in course.; Order of Repayment..
And be it enacted by the Authority aforesaid That all Moneys which shall arise by this Act of the said Duties upon Malt Mum Cyder and Perry (over and above the necessary Charges of raising and levying the said Duties) shall from time to time be brought and paid into the Receipt of the Exchequer and that it shall and may be lawfull to and [X1for] any Person and Persons Natives or Foreigners Bodies Politick or Corporate to lend to His Majesty at the said Receipt upon Credit of the said Duties any Sum or Sums of Money not exceeding in the whole Six hundred thousand Pounds Which Lenders shall have Interest for the Forbearance of their respective Loans after the Rate of Six Pounds per Centum per Annum to be paid every Three Months from the making of such Loans until Satisfaction of the Principal Sums respectively And that no Moneys so to be lent shall be rated or assessed to any Tax or Assessment whatsoever And that every such Lender shall immediately have a Talley of Loan struck for the Money by him her or them lent and an Order of the same Date for Repayment therof with such Interest as aforesaid And that all such Orders shall be registred in Course according to their Dates and all Persons [X2therupon] shall be paid in Course as their Orders stand registred so as the Person Native or Foreigner his Executors Administrators or Assigns whose Order shall be first registred shall be accounted the Person to be first paid out of the Moneys to come in by vertue of this Act and he or they who shall have his or their Order or Orders next entred shall be taken to be the [X2Second] Person to be paid and so successively and in Course
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