Taxation Act 1696

XXI. 8 & 9 W. III. c. 2. §. 6.

Master and Worker of the Mint to receive hammered Money of Collectors of Taxes, &c.; Entries thereof in Day Books.; To give Collector a Receipt.; Officers of the Mint to new coin hammered Monies and pay back new Monies.; Collectors to pay the same into the Exchequer.; Allowance to Collectors of Deficiency by recoining.

And whereas by the aforesaid Act it is amongst other things enacted That all Money that should be brought in upon the Account of Taxes or Revenues att Five Shillings and Eight Pence per Ounce according to that Act shall be by the respective Receivers General or Collector carried to the next adjacent Mint in order to be recoined And that the said Taxes and Revenues shall not be brought into His Majesties Exchequer till recoined Now to the end that all the hammered Silver Monies which are or shall be received for Taxes or Revenues within the respective times by the said Act limitted att the said Rate of Five Shillings and Eight Pence an Ounce and are or shall be carried by the said Receivers General or Collectors to the next adjacent Mint may be regularly received recoined delivered back applied answered & accounted for Be it further enacted by the Authority aforesaid That the said Master and Worker of His Majesties Mints his Deputy or Deputies shall duely receive the said hammered Silver Moneys of the said Taxes or Revenues taking care in receiving the same to separate and cutt in peeces all Base or Counterfeit Moneys and to returne such Pieces to the Bringers thereof and shall weigh such Silver hammered Moneys and exactly compute the same att the said Rate of Five Shillings and Eight Pence an Ounce And that the proper Officers or Clerks in the said several Mints to whom it appertains shall cause Entries thereof to be made in their Day Books according to the ordinary Course of the Mint specifying the Names of the respective Receivers General or Collectors bringing such hammered Money the Day or Time of bringing the same the Weight & Quantity brought and the Amount thereof att the said Rate of Five Shillings and Eight Pence per Ounce and the Revenue or Tax to which it belongs And the said Master and Worker his Deputy or Deputyes shall give to such Receiver or Collector bringing such Silver a Receipt in Writing specifying all the Particulars last mentioned and shall cause the said Silver to be melted essayed and reduced to Standard and the Standard Weight thereof to be fairely entred in the Books of the Mint And that the proper Officers of the respective Mints shall new coin such hammered Moneys into the lawfull Coins of this Realme And the said Master & Worker his Deputy or Deputies shall pay back all the new Moneys proceeding from the Silver of the said Revenues or Taxes except the necessary Charge of receiving melting downe refining and coining the same and the Waste thereunto incident unto the respective Receivers or Collectors who brought such Revenues or Taxes to the Mint And the said Receivers or Collectors are hereby strictly enjoyned and required upon the Receipt of such new Money to answer or pay the same into the Receipt of His Majesties Exchequer upon the several Heads of Revenues or Taxes whereunto it doth belong or otherwise as the Law directs and carefully to observe all Appropriations which have been made by any Act or Acts of Parliam[en]t concerning the same or any Part thereof And that all and every such Receivors General and Collectors in their respective Accompts to His Majesty shall be allowed the Deficiency occasioned by the recoining the said ha[m]mered Money of the said Revenues or Taxes that is to say the difference betweene the Su[m]m of the hammered Money brought into the Mint computed att Five Shillings and Eight Pence an Ounce and the Su[m]m in Tail of the new Money which hee or they doe receive back from the Mint for the same.