Taxation (No. 3) Act 1696

XXIX. Such Persons not paying the Money before 24th June 1697. then other Persons may pay and acquire such Interest

Proportionate Rate for Annuities exceeding £14.

And be it further enacted by the Authority aforesaid That if any Person or Persons being intituled to any Estate for One Life in being in any such present Annuity or Annuities as aforesaid or such as they shall nominate shall not befor the [X1 said] Foure and twentieth Day of June advance and pay into the Receipt of Excheq[uire] such Rate or Consideration Money as is before mentioned for changing such his her or their Estate for Life into a Terme certaine or for a future Interest as aforesaid that then and in every such case it shall and may be lawfull to and for any Person or Persons whatsoever Natives or Forreigners haveing or not haveing any Property or Interest in such Estate for Life att any time or times after the said Foure and twentieth Day of June and on or before the Nine & twentieth Day of September One thousand six hundred ninety seven to contribute advance and pay into the said Receipt of Excheq[uer] so much Money as any such Annuity being computed for Foure Yeares doth or shall amount to (that is to say) For every One hundred Pounds that was paid for the single Life in an Annuity of Foureteen Pounds a Yeare there shall be paid in all the cases last mentioned the like Su[m]m of Fifty six Pounds for an Interest for the then residue of the said Terme of Ninety six Yeares to be reckoned as aforesaid and to be charged with and subject to the present Estate for Life of and in the same Annuities and there shall be paid a Rate or Consideration in the same proportion for Annuities exceeding Foureteen Pounds a Yeare And that all and every the Person & Persons so paying the Consideration Money as aforesaid shall imediately upon Payment of their Moneys be intituled by this Act to such Annuity or Annuities so to be purchased and the same shall be charged upon such respective Fund or Revenue in the said former Act mentioned as if the Consideration Money so to be contributed or advanced for the same had been actually advanced or contributed within the respective times limited by the said former Act.

Editorial Information

X1 interlined on the Roll.