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Land Tax Act 1696
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LXXXIX.Persons may lend Money to His Majesty on this Act at £8 per Cent. per Ann. not exceeding £1,500,000.
Provided always and it is hereby further enacted by the Authority aforesaid That it shall and may be lawfull to and for any Person or Persons Natives or Foreigners Bodies Politick or Corporate to advance and lend to His Majesty upon the Security of the said Pound Rate or Tax of Three Shillings for every Twenty Shillings upon Manors Messuages Lands Tenements Rents Hereditaments and other the p[re]misses chargeable with the Payment of Three Shillings in the Pounds as aforesaid any Su[m]m or Su[m]ms of Money not exceeding the Su[m]m of One Million Five hundred thousand Pounds including the Su[m]s by this Act appointed to be transferred And to have and receive for the Forbearance thereof Interest after the Rate of Eight Pounds for every One hundred Pounds for One whole Yeare And moreover That no Money so lent upon the Security of this Act shall be rated or assessed by virtue of this Act or any other Act of Parliament whatsoever.
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