Taxation, etc. Act 1695

XXXIII.

£6,000 out of Hereditary and Temporary Excise Duties applied weekly in Payment of unsatisfied Tallies with Interest at £6 per Cent. Per Ann.; and then in Payment of £400,000, and Interest as herein mentioned, borrowed upon Credit of this Act.; Interest upon Tallies paid every Three Months; Commissioners of Excise to cause the said weekly Sum to be applied.; Penalty.; If weekly Receipt not sufficient, Deficiency made good out of whole Receipt of Excise.

And whereas severall Tallies of Pro or Assignment and other Tallies have been levied or stricken att the Receipt of His Majesties Exchequer upon the said Hereditary Branch of His Majesties Revenues of Excise upon Beer Ale and other Liquors and upon that part of the said Revenues of Excise which is granted to His Majesty dureing his Life (which God preserve) or upon either of them joyntly or severally and divers Su[m]ms of Money upon the said Tallies do now remaine unsatisfied which with Interest for the same or for some of them are appointed or intended to be satisfied or paid out of the Produce of those Branches of Excise in Course according to the Dates of the said Tallies so remaining unsatisfied Be it therefore further enacted by the Authority aforesaid That Weekly and every Week from and after the Twentieth Day of April One thousand six hundred ninety-six the Su[m]m of six thousand Pounds out of the Money from time to time ariseing in the Office of the General Receipt for the particular Branches or Duties of Excise before mentioned which are co[m]monly called the Hereditary and Temporary Excise or either of them shall be seperated and kept apart and shall upon Wednesday in every Week if the same be not an Holyday but if the same be an Holyday then the next day after that is not so be issued paid and applied and the same is hereby appropriated to and for the Payment and Satisfaction of the said Tallies already levied and now remaining unsatisfied on the said particular Branches of Excise or either of them and the Interest thereof not exceeding the Rate of Six Pounds per Centum per annum until the same shall be fully satisfied and paid off And from and after the full Satisfaction thereof then the like Weekly Su[m]m to arise as aforesaid shall in like manner be separated and kept apart issued paid and applied and the same is hereby appropriated to and for the repayment and satisfaction of such further Su[m]m and Su[m]ms of Moneys not exceeding in the whole [X1 the Su[m]m of] Four hundred thousand Pounds as by or upon the Creditt of this Act shall be borrowed or charged thereupon as part of the said Su[m]m not exceeding Five hundred and Fifteen thousand Pounds intended to be raised for the several purposes aforesaid and the Interest of the Moneys so to be borrowed not exceeding Seven. Pounds per Centum per annum for the First Two hundred thousand Pounds and Eight Pounds per Centum per anu[m]m for the remaining Two hundred thousand Pounds so as that the Tallies for the principal Su[m]ms respectively shall be paid in Course according to their respective Dates until the same shall be fully discharged and paid off And the Interest upon every such Talley shall be paid every Three Months until the Satisfaction of the Principal And the Chief Co[m]missioners of His Majesties Revenues of Excise for the time being are hereby authorized and strictly enjoyned and required to cause the said Weekly Su[m]m ariseing or to arise as aforesaid to be paid and applied accordingly without diverting or misapplying the same or any part thereof to any other Use Intent or Purpose whatsoever and without giving any undue Preference in the Payment of the said Tallies last mentioned or any of them under the Penalty of forfeiting Treble Damages besides Costs of Suit to the Party grieved who shall or may sue for and recover the same by Action of Debt or on the Case or by Bill Suit or Information as aforesaid And in case in any Week or Weeks the whole Receipt of the Moneys upon the said particular Branches called The Hereditary and Temporary Excise shall not be sufficient to answer the weekly Payment or Payments hereby directed for such particular Week or Weeks That then and so often the Deficiency or Deficiencies thereof shall be supplied and made good out of the whole Receipts upon the said particular Branches of Excise ariseing in the next or any subsequent Week or Weeks wherein such Receipt or Receipts shall be sufficient to beare or make good the same.

Editorial Information

X1 interlined on the Roll.