Coinage (No. 2) Act 1696

V.

Hammered Money to be melted down and coined by the Mill; New Money to be brought back into Exchequer; and, in the Case herein mentioned, appropriated for Repayment of Loans, &c. and not divertible; Penalty.

And be it further enacted by the Authority aforesaid That aswell all the hammered Money consisting of Pieces, described as aforesaid so to be brought into the Receipt of the Exchequer by tale as aforesaid as also all hammered Moneys likewise consisting onely of Pieces having both the Rings or the greatest part of the Letters remaining on them or being Sixpences of Sterling Silver not clipt within the innermost Ring actually being and remaining in the Receipt of his Majesties Excheq[uer] on the Eighteenth Day of November One thousand six hundred ninety six having been bona fide received there by the respective Tellers (they the respective Tellers or their Clerks making Oath as aforesaid) for any Tax Aid Imposition or other Revenue whatsoever shall from time to time by the Direction of the Co[m]missioners of his Majesties Tresury or any one or more of them now being or the High Tresurer or any one or more of the Co[m]missioners of the Tresury for the time being (who have hereby full Power and Authority given them in that behalfe) be melted downe and cast into Ingotts and be delivered into his Majesties Mint or Mints by Indentures with the Master and Worker of the Mints to be there reduced to Sterling and coined by the Mill and Presse into the lawfull Coins of this Realme and that all the new Money proceeding from such Ingotts (except the necessary charge of making the new Money and of melting the Silver) shall from time to time be brought back into the Receipt of his Majesties Excheq[uer] and be there placed to the respective Accompts of the said particular Revenues Taxes Loans or other Branches to which the said hammered Moneys respectively did belong and shall be issued paid out and disposed accordingly so farr as the same will extend in such and the like course or manner as ought to be observed in case the said hammered Moneys were not taken away to be recoinèd and so as that in all cases where any of the said hammered Moneys were appropriated by any Act or Acts of Parliament for Repayment of Loans or for Satisfaction of Interest Money or for Payment of Annuities or other Uses the new Moneys coming instead thereof (so farr as the same will extend) shall be appropriated issued and applied to the same respective Uses and in the same course and order as are precribed by such Acts without being diverted or divertible to any other Use or being misapplied under the Penalty of incurring the same Forfeitures and Disabilities by the Officers and other Persons concerned therein as they would have incurred for diverting or misapplying the Money of such Taxes Revenues Loans or other Branches in case the same were not recoined