Taxation (Whale Fins and Scotch Linen) Act 1697

III. Twelve Months to Importer for Payment of Duty, upon Security to be paid quarterly.

Discount of £10 per Cent. for Ready Money; Duty repaid or Security vacated upon Exportation as herein mentioned.

And bee it further enacted by the Authority aforesaid That for the additionall Duties hereby imposed upon the aforementioned Goods the Importer giving Security at the Custom-House shall have time not exceeding Twelve Months for the Payment of the same from the Importation to be paid by Four equal and quarterly Payments or in case such Importer shall pay Ready Money he shall have after the Rate of Ten Pounds per Cents of the said Duty for a Year abated him And if the Goods and Merchandizes aforementioned imported as aforesaid for which the Duties hereby granted shall be paid or secured at the Importation thereof be again exported by any Merchant English within Twelve Months or by Strangers within Nine Months after the Importation then the aforesaid Duty shall be wholly repaid or the Security vacated as to what shall be so exported.