Bank of England Act 1696

XXVII. After 1st Aug. 1710, Bank to cease, upon Repayment of several Sums mentioned.

5 & 6 W. & M. c. 20.

Provided always and it is hereby further enacted That att any time upon Twelve Months Notice after the First Day of August which shall be in the Yeare of our Lord One thousand seven hundred and ten and not before and upon Repayment by Parliament of the Su[m]m of Twelve hundred thousand pounds mentioned in the said Act intituled An Act for granting to their Majesties several Rates and Duties upon Tu[n]nage of Shipps and Vessells and upon Beer Ale and other Liquors for securing c[er]tain Recompences & Advantages in the said Act mentioned to such Persons as shall voluntarily advance the Su[m]m of Fifteene hundred thousand pounds towards carrying on the Warr against France unto the said Governor and Company of the Bank of England hereby constituted & made and of all Arrears of the One hundred thousand Pounds per Annum payable to the Governour & Company of the Bank of England and their Successors by virtue of the said recited Act and also upon payment of all the Principal and Interest Moneys which shall be owing to the said Governour and Company of the Bank of England hereby established upon all such Talleys Exchequer Orders or Parliamentary Funds which the said Governour and Company shall have remaining in their Hands or be intituled to att the time of such Notice to be given as aforesaid then and in such Case and not till then the said yearely Payment of One hundred thousand pounds per Annum and also the said Corporation by this and the said former Act established shall cease & determine Any thing herein contained in any wise to the contrary notwithstanding.