Taxation, etc. (No. 2) Act 1695

XVI. If the said £2,564,000 not subscribed before Ist Aug. 1696, Power for creating Corporation to cease, and the said yearly Sum of £179,480 transferrable by Subscribers, as herein mentioned.

Provided always and be it enacted and declared That in case the Su[m]m of Two Millions five hundred sixty foure thousand Pounds or one Moiety thereof be not subscribed on or before the said First day of August One thousand six hundred ninety six That then the Powers and Authorities in this Act for erecting a Corporation as aforesaid shall cease and determine Any thing herein contained to the contrary notwithstanding And that then and in such case so much of the said yearly Su[m]m of One hundred seventy nine thousand foure hundred and eighty Pounds as shall belong to the said Subscribers according to the meaning of this Act shall be transferrable by the respective Subscribers their respective Executors Successors or Assigns to any Person or Persons whatsoever by any Writing or Writings under the Hand and Seale of the Person or Persons transferring the same attested by Two or more credible Witnesses and entred within Twenty days after the sealing thereof in a Book or Books to be for that Purpose kept in the said Exchequer by His Majesties Remembrancer for the time being (for the entring whereof nothing shall be paid) which Entries the said Remembrancer is hereby required (upon Request) to make.