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Taxation (No. 4) Act 1696
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XX.Treasury enabled to make such Contracts for exchanging Bills for the said £1,200,000 as may be refused.; Terms of such Contracts.
And it is hereby further enacted and declared That the said Co[m]missioners of His Majesties Treasury or the High Treasurer for the time being shall or may contract and agree in such manner as they shall think fitt with the same or any other Person or Persons (with whose Abilities they shall be well satisfied) for the advancing or lending, such further Su[m]ms as they shall think necessary for the exchanging of such Bills of the said Twelve hundred thousand Pounds hereby authorized to be issued as shall or may be refused or not accepted in satisfaction of Tallies and Orders of Loan in course of Repayment as aforesaid which Persons so contracting shall have and receive the like Interest or Reward after the Rate of Ten Pounds per Centum per Annum for the Money they shall advance for the Purposes aforesaid as in and by the last recited Act is allowed to such as shall contract for the One million five hundred thousand Pounds.
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