Land Tax Act 1692

Reasons for the present Grant.

All Persons, Bodies Politic, &c. having any Estate in ready Monies or Debts, or having any Estate in Goods, Wares, or other Personal Estate whatsoever, deducting Monies bonâ side owing, and desperate Debts; and except Stock upon Land and Household-stuff, and the Joint Stocks of Companies, to pay 4s. in the Pound; and 24s. for every £100 of Goods.

Wee your Majesties most dutifull and loyall Subjects the Co[m]mons assembled in Parliament haveing seriously considered of the greate Occasions which engage your Majesties to many extraordinary Expences for the necessary Defence of your Realmes and the prosecucon of a vigorous War against France have cheerfully and unanimously given and granted unto your Majesties the Rates and Asse[X1 s]ments hereafter menconed And were most humbly beseeche your Majesties that it may be enacted. And be it enacted by the King and Queenes most excellent Majesties by and with the advice and consent of the Lords Spirituall & Temporall and Co[m]mons in this p[re]sent Parliament assembled and by the authoritye of the same That Theire M8ajesties shall have and receive the Rates and Assessments hereafter menc[i]oned of and from every Person Spirituall and Temporall of what Estate or Degree soever hee or they be which said Rates or Assessments shall be taxed assessed levied and paid into Theire Majesties Receipt of Exchequer according to the tenor of this Act and in maner and forme following (that is to say) That all and every Person and Persons Bodies Politick and Corporate Guilds and Fraternities within this Kingdome of England Dominion of Wales and Towne of Berwick upon Tweede haveing any Estate in ready Moneys or in any Debts whatsoever oweing to them within this Realme or without or haveing any Estate in Goods Wares Merchandizes or other Chattles or Personall Estate whatsoever within this Realme or without belonging to or in trust for them (except and out of the Premisses deducted such Su[m]mes of money as hee or they doe bona fide owe and such Debts oweing to them as shall be adjudged desperate by the Co[m]missioners appointed by this Act And alsoe the Stock upon Land and such Goods as are used for Householdstuffe And alsoe other then and except the joynt Stocks or Shares of such Bodies Corporate Companies or Fraternities as shall be otherwise charged by Name [X2 by] any other Act to be made dureing this present Session of Parliament shall yield and pay unto Theire Majesties Four shillings in the pounde according to the true yearely Value thereof for One yeare (that is to say) For every Hundred Pounds of such ready Money and Debts and for every Hundred Pounds worth of such Goods Wares Merchandises or other Chattels or other Personall Estate the Su[m]me of Four and Twenty shillings And soe after that rate for every greater or lesser Su[m]me or Quantitye to be assessed levyed and collected in ma[n]ner hereafter menc[i]oned.

Editorial Information

X1 interlined on the Roll.

X2 Variant reading of the text noted in The Statutes of the Realm as follows: in O. [O. refers to a collection in the library of Trinity College, Cambridge]