Annuities Act 1697

II. If the Persons above mentioned do not make such Advance, any other Person having or not having an Interest in such Life Estate may make such Advance as herein mentioned;

and upon Payment become entitled to such Annuity, and the same shall be charged upon the Funds of the said Act.

And be it further enacted by the Authority aforesaid That if any Person or Persons being intituled to any Estate for one Life in being in any such present Annuity or Annuities as aforesaid or such as they shall nominate shall not before the said Five and twentieth day of March One thousand six hundred ninety eight advance and pay into the Recept of Exchequer such Rate or Consideration Money as is before mentioned for changeing such his her or their Estate for Life into a Terme certaine or for a future Interest as aforesaid that then and in every such Case it shall and may be lawfull to and for any Person or Persons whatsoever Natives or Forreigners having or not having any Property or Interest in such Estate for Life att any time or times after the said Five and twentieth day of March One thousand six hundred ninety eight and on or before the Tenth day of April One thousand six hundred ninety eight to contribute advance and pay into the said Receipt of Exchequer so much Money as any such Annuity being computed for Foure Yeares doth and shall amount to that is to say For every One hundred Pounds that was paid for the single Life in an Anuity of Foureteene Pounds a yeare there shall be paid in all the Cases last mentioned the like Su[m]m of Six and fifty Pounds for an Interest for the then Residue of the said Terme of Ninety six Yeares to be reckoned as aforesaid and to be charged with subject to the present Estate for Life of and in the same Annuities respectively and there shall be paid a Rate or Consideration in the same proportion for Annuities exceeding Foureteene Pounds a Yeare and that all and every the Person and Persons so paying the Consideration Money as aforesaid shall im[m]ediately upon Payment of their Moneys be intituled by this Act to such Annuity or Annuities so to be purchased and the same shall be charged upon such respective Fund or Revenue in the said former Act mentioned as if the Consideration Money so to be contributed or advanced for the same had been actually advanced or contributed within the respective Times limitted by the said former Act.