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East India Company Act 1697
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XXXVI.From 29th Sept. 1698, £160,000 additional out of Duties on Salt and Stamps, to be the yearly Fund for answering Annuities to Subscribers of £2,000,000. Proviso for Deficiency.
And be it enacted by the Authority aforesaid That Yearly and every Year reckoning the First Year to begin from the Nine and twentieth Day of September which shall be in the Year of our Lord One thousand six hundred ninety eight the full Sum of One hundred and sixty [X1thousand] Pounds by or out of the Money to arise by the said several Duties as well upon Salt and Rock Salt by this Act granted as upon Velum Parchment and Paper granted by the Act [X2as] aforesaid and every of them and to be brought into the Receipt of Exchequer by Weekly or other Payments as aforesaid (in case the same Payments shall extend thereunto) shall be the whole and entire Yearly Fund and in case the said Weekly or other Payments shall not amount to One hundred sixty thousand Pounds per Annum then the said Weekly Moneys or Payments so farr as the same will extend shall be part of the Yearly Fund for and towards the answering and paying the severall and respective Annuities or Yearly Payments in this Act hereafter expressed.
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