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Taxation (No. 4) Act 1696
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XXXIX.Receivers to pay Interest to Contributors at the Rate of £14 per Cent. per Ann. from Payment of Contribution; to be allowed the same in his Accounts, and also a Remuneration not exceeding 2d. in the Pound upon Monies paid by him into the Exchequer.
Provided always and be it enacted for the Encouragement of the Adventurers to make speedy Payments to the said Receivers of the said several Su[m]ms of Ten Pounds a piece in Money or Plate as aforesaid att any time before the said Foure and twentieth Day of June One thousand six hundred ninety seven the said Receiver shall i[m]mediately out of the Moneys or the Value of the Plate so by him received pay back to the respective Contributors or Adventurers so much as the Interest of every such Su[m]m of Ten Pounds so contributed and adventured shall amount unto after the Rate of Fourteene Pounds per Centum per Annum to be reckoned from the Day of making such Payment by the Adventurer until the said Foure and twentieth Day of June One thousand six hundred ninety seven And that every such Receiver upon his Account and out of the Moneys so by him received shall be allowed & discharged of so much as hee shall so X1 back for Interest and also so much more for his Pains and Service in receiving paying and accounting for the Moneys of his Receipt and for the faithfull Performance of his Office of Receiver as the Co[m]missioners of His Majesties Treasury now being or the Treasurer of the Exchequer or the Co[m]missioners of the Treasury [X2now] being shall think reasonable so as the Allowance last mentioned doe not in any Case exceed Two Pence in the Pound upon the Moneys onely which the said Receivers shall have actually paid into the Exchequer Any thing in this Act contained to the contrary in any wise notwithstanding.
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