East India Company Act 1697

LXXIX. Recital of 8 & 9 W.III.c.28.§ 2

Bank Bills may be received in all Payments to the King, until the End of the next Session of Parliament; but not when they are at any Discount.

And whereas by an Act made and passed in the Session of Parliament held in the Eighth and Ninth Years of His Majesties Reign intituled An Act for the better Observation of the Course antiently used in the Receipt of Exchequer It is (amongst other things) enacted and declared That from and after the Twenteth Day of April One thousand six hundred ninety seven no Teller in the said Receipt of Exchequer should charge himselfe by his Bill with the Receipt of any Moneys in the Exchequer but at such time as the Officers of the Tally Court their Deputies or Substitutes should be there present to levy a Tally or Tallies for the same nor should any Teller or other Person imployed by him throw down or cause to be thrown down into the said Court any Bill or Bills owning or purporting the receiving any Sum or Sums of Money from any Lender of Money Receiver or any other Person or Persons whatsoever upon which Bill or Bills a Talley or Tallies are to be levied according to the Course of the said Receipt unlesse such Teller respectively or his Clerks or Persons imployed by him should have actually received and have then in the Office the very Money which should be specifyed in such Bill or Bills respectively (except as therein is excepted) under the Penalties therein mentioned Be it enacted by the Authority aforesaid That it shall and may be lawfull for the Lord High Treasurer or any Three or more of the Commissioners of His Majesties Treasury for the time being if he or they shall think fit and it be found safe and expedient for His Majesties Service to permit and direct the Tellers of the said Receipt of Exchequer or their Clerks from and after the Tenth Day of July One thousand six hundred ninety eight to receive from Commissioners Receivers Collectors or other Persons making any Payments to His Majesty at the said Receipt of His Exchequer upon any Account whatsoever or upon Loans Bills under the Seal of the Governor and Company of the Bank of England commonly [X1 called] Bank Bills as shall be tendred in Payment for any Aids Taxes Revenues or Loans whatsoever unto the End of the next Session of Parliament and no longer Any thing in the said recited Act or in any other Act or Acts of Parliament or any Custom or Usage to the contrary in any wise notwithstanding Provided that none of the said Bank Bills shall be so taken in the Exchequer when the same are at any Discount.

Editorial Information

X1 interlined on the Roll.