Taxation, etc. (No. 2) Act 1695

LXX.

Auditor of Exchequer to prepare indented Bills at Credit, to be signed by him, and sealed as herein mentioned; Counterparts to remain in the Books at the Exchequer; and Auditor to deliver the Bills to Tellers, who are to deliver the same to Lenders; Voluntary Acceptance of such Bills deemed good Payment; Tellers having Money advanced in hand, to pay therewith Money due upon Bills; Penalty.

And for that end and purpose itt is hereby further enacted by the Authority aforesaid That the Auditor in the Receipt of His Majesties Excheq[uer] for the time being (pursuant to such Orders and Directions as hee shall from time to time receive from the Co[m]missioners of His Majesties Tresury or any Three or more of them now being or from the High Tresurer or any Three or more of the Co[m]missioners of the Tresury for the time being which Orders and Directions they are hereby authorized to issued from time to time shall make and prepare indented Bills of Creditt to be signed by him the said Auditor and to be sealed with such publick Seale as shall be appointed for that purpose which Bills shall severally containe therein any even Number of Pounds Sterling to witt the Su[m]m of Ten Pounds Twenty Pounds Thirty Pounds Fifty Pounds or One hundred Pounds in each of them or such other Su[m]ms as shall be most convenient for the Accomodation of those that shall accept the same the Counterparts of which Bills shall remaine in Books att the Exchequer for trying the Truth of the Original Bills whensoever there shall be Occasion And the same Bills shall be so fashioned as may render them lesse liable to be counterfeited or fraudulently resembled And the said Auditor of the Receipt shall from time to time (according to such Orders or Directions as hee shall receive as aforesaid) deliver to the respective Tellers in the Receipt of Excheq[uer] the said Bills so made forth (taking the Receipts of the said Tellers for the same and charging them respectively with the Moneys which shall be contained in the said Bills so delivered) which said Tellers respectively are hereby authourized and required upon the advancing of any Money to their Hands by any Person or Persons upon the Creditt of any such Bills as aforesaid to deliver to such Person or Persons respectively such Bill or Bills for the same to the Amount of the Moneys so advanced in Principal and the said Bills so delivered out shall and may passe in payments from any Person or Persons [X1 to any other p[er]son or p[er]sons] that shall be willing to accept or take the same and not otherwise And the voluntary Acceptance thereof shall be deemed to be good Payment as if the Persons receiving the same for Debt Rent or other Cause whatsoever were paid in the lawfull Coins of this Kingdome And that the several Tellers in the Receipt of His Majesties Exchequer or any of them who shall have any Money att any time or times remaining in his or their Hands of the Moneys which shall have been lent or advanced by this Act upon Creditt of Repayment either by Orders or Bills as aforesaid shall from time to time upon Demand made to such Teller or Tellers out of such Money satisfie and pay by virtue of this Act the Principal and Interest which shall be due upon any Bills delivered out as aforesaid to the Person or Persons bearing and delivering back the same to such Teller or Tellers without any further or other Warrant or Order to be sued for had or obtained in that behalfe And in case any such Teller or Tellers shall refuse or neglect to make such Payment (having Money as aforesaid) such Teller or Tellers shall forfeit his Office and be uncapable to serve His Majesty in any Office or Imployment whatsoever and shall be bound by virtue of this Act to render and pay to the Party grieved double as much as the Moneys so demanded shall amount unto which shall and may be recovered by Action of Debt or the Case Bill Suit or Information in any Court of Record wherein no Essoign Protection Wager of Law or more then one Imparlance shall be granted or allowed.

Editorial Information

X1 interlined on the Roll.