Provided always and be it further enacted That every Subscriber shall att the time of such Subscription pay or cause to be paid unto the said Co[m]missioners one Fourth Part of his or her Subscription and in Default thereof such Subscription shall be void and that the Residue of the said Subscriptions shall be paid into the Receipt of His Majesties Excheq[uer] as His Majesty shall direct before the said First day of January One thousand six hundred ninety six And in default of such Payments that then the said Fourth part first paid as aforesaid shall be forfeited to and for the Benefitt of His Majesty His Heires and Successors.