Coin Act 1695

II. New Money, with Exception of Charges, to be brought into the Exchequer and placed to Account of Revenue.

Application thereof; and to be issued and paid as herein mentioned; diverting to other Uses. Penalty.

And bee it further enacted by the Authority aforesaid That all the new Money proceeding from the Silver of the said clipt Moneys (except the necesary Charge of makeing the said new Money) which Charge shall not exceed Fourteen Pence upon every Pound Weight Troy and except the necessary charge of melting and refining shall from time to time as fast as such New Money shall bee coined or att least by Weekly Payments be brought back into the Receipt of His Majesties Exchequer and bee there placed to the respective Accounts of the said particular Revenues Taxes Loans or other Branches to which the clipt Moneys belonged in such Manner as that the new Money shall be applied to every particular Branch or Fund in such or the like Proportion as the clipt Money taken from that particular Branch or Fund shall beare to the Summ of the clipt Money soe as aforesaid to bee taken from the whole and shall bee issued paid out and disposed accordingly soe farr as the same will extend and soe as that in all Cases where any of the said clipt Moneys were appropriated by any former Act or Acts of Parliament for Repayment of Loans or for Satisfaction of Interest Money or for Payment of Annuities or other Uses the new Moneys coming instead thereof soe farr as the same will extend shall bee appropriated issued and applied to the same respective uses without being diverted or divertible to any other Use or being misapplied under the Penalty of incurring the same Forfeitures and Disabilities by the Officers or other Persons concerned therein as they would have incurred for diverting or misapplying the Money of such Taxes Revenues Loans or other Branches in case the same were not recoined.