£700,000 to the Use of the Navy and Ordnance; The Residue to the Use of the Land Forces and other Charges incident to the War.
And be it Enacted That out of the moneys which shall be levied and paid by virtue of this Act into the Receipte of the Exchequer as well by Loan or otherwise (over and besides the Su[m]me of Seaven hundred thirty five thousand three hundred ninety one pounds eighteene shillings five pence halfe penny before menc[i]oned to be transferred to and placed upon the Register appointed to be kepte by this Act) the Su[m]me of Seaven hundred thousand pounds shall be and is hereby applied and appropriated to and for the payment of Officers and Seamen that have served and shall serve in Theire Majesties Navy Royall and for the paying for Stores Provisions and Victualls supplied and to be supplied for the said Navy and to and for the expences of Theire Majesties Office of Ordnance in respect to navall affaires and for other necessary uses and services performed and to be performed in and for the said Navy: And that all other the moneyes which shall be levyed and paid by virtue of this Act into the Receipte of the Exchequer as well upon Loan as otherwise other then the said Su[m]me of Seaven hundred thirty five thousand three hundred ninety one pounds eighteene shillings & two pence halfe-penny and the interest thereof and alsoe the Su[m]me of Seaven hundred thousand pounds appropriated for payments relateing to Theire Majesties Navy as aforesaid shall be applyed and appropriated and is hereby appropriated to and for the payment of Theire Majesties Land Forces and Armyes and the paying for Armes Ammunic[i]on and other charges incident to the Warr and not otherwise:-