Taxation (No. 2) Act 1697

LXXI. Register to be kept in the Exchequer of Monies payable thereout.

Loans to the Crown between the 8th October 1697 and the 4th April 1698,; and all Orders for the same not exceeding £850,000 to be transferred to the Register under this Act; and registered in course,; without taking Receipts from the Parties; with Interest at £8 per Cent. payable every Three Months.; Orders for Money may be assigned.

And it is hereby also enacted That there shall be provided and kept in the same Office one other Book or Register in which all the Orders for Money payable upon this Act shall also be entred and registred and that all and every the Principal Su[m]ms of Money which att any time or times between the Eighth Day of October One thousand six hundred ninety seven and the Fourth day of Aprill One thousand six hundred ninety eight have been lent or shall be lent to His Majesty att the Receipt of His Exchequer not exceeding in the whole the Su[m]m of Eight hundred and fifty thousand Pounds and all and every the Orders of Loan for the same shall be in the first Places transferred to and placed upon the said Register for Orders appointed to be kept by this Act And shall be registred thereupon in due Course and Order according to the Dates of of the respective Tallies of Loan for the said principal Su[m]ms which Transferences shall and may be and are hereby required to be made by virtue of this Act without making any Issues or taking any Receipts from the Parties in order to transferr the said Loans and that the principal Moneys on [X1 the] Orders so [X2 transmitted] shall be payable and paid to the Lender or Lenders of the same his her or their Executors Administrators or Assignes out of the Moneys ariseing by virtue of this Act in the same Course and Order according to which they are hereby appointed to be [X2 transmitted] and with preferrence to any other Loans or Su[m]ms of Money which shall be registred upon and payable out of the Moneys granted by this present Act And that Interest after the Rate of Eight Pounds per Cent[um] per Annu[m] for the said Loans to be transferred as aforesaid shall be paid and satisfied out of the Moneys ariseing by this Act every Three Months from the respective times of making the said Loans until the respective times of Satisfaction of the said principal Su[m]ms And that any Person or Persons who are or shall be intituled to any Moneys to be paid by such Orders to be transferred as aforesaid shall or may assigne over the same to any Person or Persons which Assignements shall be good and effectual in Law and so toties quoties Any thing herein contained to the contrary notwithstanding.

Editorial Information

X1 interlined on the Roll.

X2 transferred O. & King's Printer's Copy.