Taxation Act 1695

LXVIII. Transfer of Monies lent under Stat. 6&7 W.3.,c.5.

and of Monies lent on the Credit of the Exchequer since 4th Oct. 1695.; Such Transfer to be made by virtue of this Act, without making Issues, &c.; And such Monies paid to Lenders out of Monies arising by virtue of this Act.; Preference.; Interest paid out of Monies arising by virtue of this Act.; Persons interested; may assign Orders for Payment.

Provided always and be it hereby further enacted by the Authority aforesaid That all [X1 &] every the Principal Su[m]ms of Money which in pursuance of an Act made in the Sixth and Seventh [X2 Yeares] of His Majesties Reigue intituled An Act for enabling such Persons as have Estates for Life in Annuities payable by several former Acts therein mentioned to purchase and obtain further or more certaine Interests in such Annuities and in default thereof for admitting other Persons to purchase or obtaine the same for raiseing Moneys for carrying on the War against France have been lent to His Majesty att the Receipt of His Exchequer and are not repaid and all and every the Orders of Loan for the same shall bee in the first place or places transferred to and placed upon the Register appointed to be kept by this Act in course as they were lent And that all and every the Principal Sum[m]s of Money which since the Fourth Day of October One thousand six hundred ninety five have been lent to His Majestie att the said Receipt of Exchequer upon Creditt of the Exchequer in general for the Service of the Navy and Land Forces and which have been actually issued to the Use of the Navy or the Victualling thereof or for the Service of the Land Forces and noe other Use and all and every the Orders of Loan for the same shall be in the subsequent place or places transferred to and placed upon the Register appointed to be kept as aforesaid in course as they were lent and next after the several Loans before by this Act appointed to be transferred as aforesaid Which Transferrences are hereby required to be made by virtue of this Act without making any Issues or taking any Receipts from the Parties in order to transferr the said Loans And that the Principal Moneys upon the said. Orders soe transferred shall be payable and paid to the respective Lenders of the same his her or their Executors Administrators or Assigns out of the Moneys ariseing by virtue of this Act in the same Course and Order they are hereby appointed to be transferred and with preference to the Loans which any person or persons shall make hereafter on the Creditt of this present Act And that the Interest due or to be due for all the said Principal Su[m]ms so to be transferred as aforesaid shall be paid and satisfied out of the Moneys ariseing by this Act until the respective times of the Satisfaction of the Principal And that any person or persons who are or shall be intituled to any Moneys to be paid by such Orders to be transferred as aforesaid shall or may assign over the same to any person or persons which Assignments shall be good and effectual in Law and so toties quoties Any thing in this present Act or in any former Act or Acts of Parliament to the contrary notwithstanding.

Editorial Information

X1 interlined on the Roll.

X2 Variant reading of the text noted in The Statutes of the Realm as follows: Year O. [O. refers to a collection in the library of Trinity College, Cambridge]