East India Company Act 1697

XXX. Recital of Cap. 25. ante, § 7. 9. 10. 24. 28. 30. 31. 40. the additional Duties on Stamped Vellum, Parchment, and Paper, and that Annuities at £8 per Cent. per Ann. ought to be secured for the Contributors of £2,000,000.

The Duties on Salt by this Act granted, and the Stamp Duties of Cap. 25. ante, to be kept apart, and paid Weekly into the Exchequer.

And whereas in and by one other Act of this present Session of Parliament (intituled An Act for granting to His Majestie His Heires and Successors further Duties upon Stampt Velum Parchment and Paper) several Rates Impositions Duties Charges and Sums of Money therein particularly expressed are to be paid for and upon such Matters and Things as are therein mentioned for ever but subject to such Power of Redemption as in and by any other Act of this Session of Parliament was or should be declared or provided concerning the same And whereas it is thought reasonable for the Satisfaction Recompence and Encouragement of such Persons and Corporations (the Corporation of the Bank of England only excepted) as will voluntarily contribute and advance Moneys for or towards the raising the Sum of Two Millions of Pounds Sterling for the Supply of His Majesties extraordinary Occasions to settle and establish a good sure and lasting Fund out of which the said Persons and Corporations contributing or advancing Money as aforesaid and their Executors Admistrators Successors and Assigns respectively may have receive and enjoy certain Annuities or yearly Payments to be computed after the Rate of Eight Pounds per Centum per Annum for the Moneys so by them to be contributed or advanced and such Special Benefit of Trade and other Advantages as are hereafter in this Act expressed subject nevertheless to such Power of Redemption as in this Act is provided in that behalf Be it therefore enacted and it is hereby enacted by the Authority aforesaid That the Commissioners and Governors of the Revenue or Receipt of Excise for the time being at the Head Office in London from time to time shall seperate and keep apart all and every the Sum and Sums of Money arising by the several Rates and Duties for or upon Salt and Rock-Salt by this Act granted as the same shall from time to time arise or be paid into the said Office of Excise by the Receivers or Collectors of the same or by any other Person or Persons whatsoever And that the Chief Commissioners for marking and stamping of Velum Parchment Paper or for Manageing the Duties thereupon for the time being shall at their Head Office cause to be seperated and kept a part in like manner all and every the Moneys ariseing by the respective Rates and Duties granted by the Act before mentioned for and upon Velum Parchment and Paper as the same shall from time to time arise or be paid into their Office And as well the said Commissioners and Governors of Excise as the said Commissioners for the said Duties upon Velum Parchment and Paper respectively for the time being are hereby required and strictly enjoyned from time to time for ever to pay weekly to wit on Wednesday in every Week if it be not a Holiday and if it be then the next Day after that is not an Holiday all and every the Moneys arising as well by the several and respective Rates and Duties hereby granted for or upon Salt and Rock-Salt as the said several Duties granted or payable by the Act herein before mentioned for and upon Stampt Velum Parchment and Paper respectively into the Receipt of the Exchequer of His Majesty His Heirs and Successors distinct and apart from all other Moneys which the Commissioners shall severally receive for the Use of His Majesty His Heirs or Successors.