Annuities Act 1697

V. Monies for the said Contributions paid into the Exchequer applied in Payment of Arrears of Annuities charged upon the Tunnage and Salt Duties, during the times and in manner herein mentioned.

And be it further enacted by the Authority aforesaid That all the Moneys which shall come into the Receipt of His Majesties Excheq[uire] of or for the said Contributions for further or more certaine Estates in the said Annuities to be purchased as aforesaid shall be issued and applied and the same are hereby appropriated to & for the Payment and Satisfaction of the Arrears of the several Annuities which are charged upon the Five Seventh Parts of the said Tunnage Duties and upon the Two Seventh Parts of the said Tunnage Duties and upon the said Duties upon Salt and which are or shall be incurred or become payable out of those Funds respectively from the said Seventeenth Day of May One thousand six hundred ninety six to the said Seventeenth Day of May One thousand six hundred ninety seven so that a proportionable Part of the Co[n]ntributions so ariseing in Money shall be applied to make good each of those Funds according to the Su[m]m of the Arreares incurred within the time aforesaid which shall from time to time be remaining unpaid thereupon and shall not be diverted to any other Use Intent or Purpose whatsoever upon paine that any Officer offending therein shall for such Offence forfeit his Office and Double the Value of every Su[m]m of Money so diverted or misapplied.