Taxation, etc. (No. 2) Act 1695

LXIX. Lenders of Money upon Credit of Bills, to have Bills payable at Demand, with Interest.

And be it further enacted by the Authority aforesaid That in all Cases where any Su[m]m or Su[m]ms of Money shall be advanced att the said Receipt upon the Creditt of Bills to be made payable upon Demand as aforesaid the Person or Persons so advanceing or paying any such Su[m]m or Su[m]ms of Money shall immediately have a Bill or Bills delivered to him for so much as the Principal Money so advanced or paid shall amount unto which Bill or Bills shall be payable att demand and shall containe therein an Allowance of Interest not exceeding the Rate of Three pence per diem for every One hundred Pounds as aforesaid and shall be satisfied from time to time out of the Cash or Current Moneys which shall arise by any Loans or Advances upon Creditt of Repayment either by Orders or Bills as aforesaid or when there shall be no Orders of Loan charged on the Duties hereby granted remaining unsatisfied then out of any Moneys that shall be in the Receipt of the Exchequer of the said Duties hereby granted.