Land Tax Act 1696

VII. Wholesale and Retail Traders,

over and above the said Personal Duties, to pay £2 10s. for every £100 Stock in Trade, by Monthly Payments; and so in Proportion.

And be it further enacted by the Authority aforesaid That all and every p[er]son and Persons Bodies Politick and Corporate Guilds and Fraternities within this Kingdome of England Dominion of Wales or Towne of Berwick upon Tweed using or exerciseing any Trade Mystery Occupation or Businesse of Merchandizing Shopkeeping or other buying or selling by Wholesale or by Retail who att the time of the Execution of this Act shall have or possesse to his her or their owne Use or for the Use and Account of any other Person or p[er]sons any Goods Wares Merchandizes Co[m]modities Manufactures or Vendible Stock whatsoever within this Realme of England or the Dominion of Wales or Towne of Berwick upon Tweed shall (over and above all other Rates and Duties before charged by this Act upon such Person or Persons) yeild and pay to His Majesty His Heires and Successors for the same within one Yeare to be reckoned as aforesaid att the Rate of Fifty Shillings for every Hundred Pounds of the full true and real Value of such Goods Wares Merchandizes Co[m]modities Manufactures or Vendible Stock whatsoever (as fully and effectually, as if the same were in this Act particularly enumerated & expressed) and proportionably for a greater or lesser Value by Monthly Payments (that is to say) so much as One Halfe Penny for every Pound or the Rate of Foure Shillings & Two Pence for every Hundred Pound in Value shall amount unto upon the said Five and twentieth Day of February and from thenceforth the like Su[m]m upon the Five and twentieth Day of every Kalendary Month then next and successively ensuing until the said whole Su[m]m of Fifty Shillings per Centum or proportionably for a greater or lesser Value by such equal Monthly Payments shall be fully satisfied and paid.