Taxation Act 1696

XXV. Appropriation of Monies borrowed, and which shall arise by the said Duties, except so

much of the said Duties as are directed to repay the said Loan and Interest, Charges, &c.

And be it further enacted by the Authority aforesaid That all the Monies which shall be borrowed as aforesaid and which shall arise by the Duties hereby granted excepted so much of the said Duties as are hereby directed to repay the said Loans and the Interest thereof and the necessary Charges of Collection and Management shall be disposed and applied and the same are hereby appropriated for or towards the paying of the said Rate or Allowance of Five Shillings and Foure Pence an Ounce for hammered Monies brought or to be brought in pursuant to the said Act and for or towards the making Good of the said Deficiencies of the said Loans made or to be made in hammered Monies pursuant to the said Act and for or towards the paying such Rate or Allowance as is or shall be settled in Parliament for the Encouragement of those that bring in Wrought Plate to be coined and for bearing the Waste and Charges of receiving in melting and coining the said hammered Money and Plate and other necessary Expences of the Mints and shall not be diverted or misapplied to any other Use Intent or Purpose whatsoever under the Paine of Double the Su[m]m so diverted or misapplied to be forfeited by any Officer or Person who shall be Guilty thereof to any other Person or Persons who will sue for the same to be recovered by Action of Debt or of the Case as is before menc[i]oned.