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East India Company Act 1697
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XLIII.Persons paying down One Tenth Part of Subscription, may defaulk after the Rate of £10 per Cent. per Ann. as herein mentioned.
And for the further Incouragement of the said Subscribers it is hereby also enacted That every Person or Body Politick subscribing and paying down One Tenth part of his or their Subscription Money as aforesaid shall and may out of the same Defaulk and Recoup or shall be repaid (in Consideration of his or their prompt Subscription and Payment) so much as an Allowance after the Rate of Ten Pounds per Centum per Annum doth amount unto being computed upon his or their whole Subscription Money from the Day of making his or their Subscription and first Payment until the Feast of Saint Michael the Arch-Angel One thousand six hundred ninety eight.
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