Taxation (Tonnage and Poundage) Act 1689

IV. Persons may lend £500,000 to the Crown on Credit of the said Duties.

Interest at £8 per Cent. per Ann.

And whereas their Majestyes are contented and pleased That the Subsidie of Tonnage and Poundage and other the Duties aforesaid should be made a [X1 Fond] of Credit in confidence that their good Subjects will in due time make provision for takeing off the anticipation thereof Bee it enacted by the authoritie aforesaid That it shall and may be lawfull to and for any person or persons Natives or Forreigners Bodies Pollitick or Corporate to advance and lend to their Majesties in the Receipt of their Exchequer upon the credit of this Act any summe or summes of money not exceeding the summe of five hundred thousand pounds in the whole and to have and recieve for the forbearance of all such moneys as shall be lent before the tenth day of June one thousand six hundred and ninety Interest not exceeding the Rate of eight pounds per Centum per Annum and for what shall be lent after the said tenth day of June Interest not exceeding seven pounds per Centum per Annum

Editorial Information

X1 Variant reading of the text noted in The Statutes of the Realm as follows: Fund O. [O. refers to a collection in the library of Trinity College, Cambridge]