Bank of England Act 1696

LVI. Application of the Duties of this Act. upon Salt.

And be it further enacted by the Authority aforesaid That all the Duties by this Act granted upon Salt which shall from time to time be levied and raised shall be appropriated and applied together with the other Duties by this Act provided for that purpose to and for the Payment and Satisfaction of the Interest Moneys due or to grow due att any Time before the said Five & twentieth Day of December One thousand six hundred ninety nine to the Bank of England or any other Person or Persons Bodies Politick or Corporate upon the Tallies or Orders charged upon the deficient Funds before mentioned and in case there be any Overplus of these Duties more than shall be sufficient to discharge such Interest then the said Overplus shall be applied to the Paym[en]t. of the Principal upon the said deficient-Funds in the like Proportions as are above mentioned according to the true meaning of this Act under the like Penalties to be incurred for diverting or misapplying any the Monies ariseing by the said Duties upon Salt hereby granted as are to be incurred for diverting or misapplying any the Moneys of the said General Fund hereby appropriated for Satisfaction of the said Principal and Interest.