Bank of England Act 1697

Recital of 8 & 9 W. III.c.20. § 58.

and that many Persons through Ignorance, &c. had neglected to take Assignments, &c. in Writing, as prescribed by the said Act, &c.; and that the like Omissions may happen before the 10th June 1698.; Persons having purchased since 10th June 1697, or who may before the 10th June 1698, purchase Tallies, &c., and neglect to take Assignments, &c. as by the said Act, may do so on or before the 10th June 1698.

Whereas by an Act made in the Parliament holden att Westminster in the Eighth and Ninth Yeares of His Majesties Reigne intituled An Act for making Good the Deficiencies of several Funds therein mentioned and for enlargeing the Capital Stock of the Bank of England and for raiseing the Publick Creditt (amongst other Provisions Matters and Things therein contained) itt was enacted That no Assignement or Transference which from and after the Tenth Day of June One thousand six hundred ninety seven should be made of any of the Orders or Talleys therein mentioned or of any of the Moneys contained or specified therein upon the selling buying or bargaining of the same should be good and available either in Law or Equity or be in any wise effectual for the assigning or transferring the Right or Property of any such Order or Talley or any the Moneys thereby due or payable unlesse such Assignement or Transference be made in Writing and be signed or sealed in the manner therein mentioned and be within Ten Days after the Signing thereof entred or registred in the manner therein expressed and that Oath be made within the said Ten Days before such Officers or Persons as are therein appointed that no Allowance Premium Gratuity or Consideration whatsoever exceeding the lawfull Int[er]est and an Allowance exceeding the Rate of Six Pounds per Centum directly or indirectly or by any Way Device Shift Exchange Chevisance [X1 Wager] or otherwise howsoever was taken accepted gained gotten or agreed to be taken accepted gained or gotten for or in respect of such Assignement and it is thereby further enacted and provided That where any such Orders of Loan or Parts thereof or such Talleys were actually & bona fide purchased. and bought before the said Tenth Day of June One thousand six hundred ninety seven and Oath thereof should be made att any time or times within Three Months from thence next ensuing before the Officers or Persons therein mentioned in all such cases the Person or Persons claiming such Orders or Parts of Orders or Talleys should not in respect thereof be obliged by that Act to take the said other Oath concerning the Premium Reward or Allowance as by the said Act relation being thereunto had may more fully appeare And whereas many Persons through ignorance or inadvertency or by some other Impediment have neglected to take such Assignements or Transferences as aforesaid in Writing signed or sealed in the manner prescribed by the said former Act or to enter or register the same or to make such respective Oath concerning such Talleys or Orders as is required by the said Act as aforesaid within the respective times thereby limitted and the like Neglects or Omissions may possibly happen before the Tenth Day of June which shall be in the Yeare of our Lord One thousand six hundred ninety eight whereby the Assignements so made or intended and the Right or Property of the Assignees thereupon are or may in strictnesse of Law be invalidated by virture of the said Act Now to the end that Relief may be given to such p[er]sons who may suffer by reason of such Neglects or Omissions and yett that the Remedy provided by the said former Act against Extortion and unreasonable Bargains concerning the said Talleys and Orders may still be preserved Be it enacted by the Kings most Excellent Majesty by and with the Advice and Consent of the Lords Spiritual and Temporal and of the Co[m]mons in this present Parliament assembled and by Authority of the same That all and every Person and Persons Bodies Politick or Corporate who since the said Tenth Day of June One thousand six hundred ninety seven or before the said Tenth Day of June One thousand six hundred ninety eight have bought or purchased [X1 or shall have bought or purchased] any Orders or Part of Orders or Talleys and have neglected or shall neglect to take such Assignements and register the same and to make an Oath there upon concerning the premium or Allowance within the Ten Days time limited by the said former Act in the manner thereby required and the Executors Administrators Successors and Assignes of all and every such Person and persons Bodies Politick or Corporate shall have Liberty for the doing thereof att any time or times upon or before the said Tenth Day of June One thousand six hundred ninety eight and the respective Officers Co[m]missioners or other Persons who were impowered by the said Act to administer the said Oaths within the respective times thereby limitted are hereby authorized to administer the like Oaths within the respective times by this Act appointed.

Editorial Information

X1 interlined on the Roll.