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East India Company Act 1697

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LIII.After the incorporating of such Company, the proportionable Part of yearly Fund belonging to Members to be paid to said Company or their Treasurer, in Trust for Members.

Payments to be made at the Exchequer Weekly.

Provided always and it is hereby enacted That after the incorporating of any such Company to trade with a joynt Stock as aforesaid the proportionable Part or Parts of the said Yearly Fund issuing out of the Exchequer and belonging to the Members of such new Company shall from time to time (under the like Penalties as aforesaid) be issued at the said Receipt of the Exchequer to such Company or to such Treasurer or Treasurers as shall be appointed under their Common Seal to receive the same in Trust for the several and respective Members of such Company according to their respective Proportions or Shares in the joynt or united Stock of such Company Any Thing in this Act contained to the contrary notwithstanding And that the Payment thereof shall and may [X1be] made weekly or as fast as the said Duties shall produce Money into the Exchequer for the same so as by such Weekly or other Payments the whole of the Annuities due to such Company at the End of any One Quarter be not exceeded.

Editorial Information

X1interlined on the Roll.

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