East India Company Act 1697

XLIV. Commissioners, &c. to give Receipts to Subscribers; and enter same, &c.

Account thereof to be delivered to Auditor, attested, before 24th June 1700; Treasury to issue Sums necessary for incident Charges.

And it is hereby further enacted That the respective Commissioners or such a Number of them or such Cashier or Cashiers who shall be authorized by His Majesty to receive all or any the said Payments upon the said Subscriptions for His Majesties Use shall immediately from time to time give to the Persons or Corporations paying the same a Receipt in Writing for the several Sums so received And shall cause an Entry thereof to be made in a Book or Books expressing the Day on which every Payment shal be made with the Names and proper Additions of those that make such Payments and deliver a true Account fairly written in Parchment of all the said Receipts attested by five or more of the said Commissioners into the Office of the Auditor of the Receipt of Exchequer on or before the Four and twentieth Day of June which shall be in the Year of Lord One thousand seven hundred And the Commissioners of His Majesties Treasury and the Treasurer and Under Treasurer of the Exchequer for the time being are hereby impowred and commanded out of any of His Majesties Treasure not appropriated by Act of Parliament to issue and pay such Sums as shall be necessary to be expended or laid out as incident Charges in the Execution of such Commission.