Land Tax Act 1692

LVIII. Monies lent upon 3 W. & M. c. 6. not exceeding £735,391. 18. 5½. transferred to the Credit of this Act.

Proviso for special Agreements; Principal Monies so transferred payable to Lenders out of Monies arising by this Act in due course, with Interest at £7 per Cent. per Annum; Auditor of Receipt to make a Memorandum; Persons entitled to transferred Monies may assign Orders.

Provided alwaies and be it further enacted That all and every the principall Su[m]mes of money which in pursuance of an Act made in the last Session of this present Parliament entituled An Act for raiseing money by a Poll payable quarterly [X1 for one yeare] for carrying on a vigorous Warr againste France and of Theire Majesties Letters of Privy Seale beareing date the three and twentieth day of September One thousand six hundred ninety two made in pursuance of the said Act have beene lent or shall be lent to Theire Majesties at the Receipte of Theire Exchequer not exceeding in the whole the Su[m]me of Seaven hundred thirty five thousand three hundred ninety one pounds eighteene shillings five pence halfepenny and all and every the Orders of Loan for the same shall be in the first place transferred to and placed upon the Register appointed to be kepte by this Act and shall be registered thereupon in such Course and order as they now have by the Bookes kepte in the said Receipte or where any speciall agreements [X1 have been made] with the Lenders for the course or order they were to have in all such cases according to those agreements which transferrences shall and may be and are hereby required to be made by virtue of this Act without makeing any issues or takeing any receipts from the parties in order to transferr the said Loans: And that the principall moneys upon the said Orders soe transferred shall be payable and paid to the Lender or Lenders of the same his her or theire Executors Administrators or Assignes out of the moneys ariseing by virtue of this Act in the same course and order according to which they are hereby appointed to be transferred and with p[re]ference to the Loans which any person or persons shall make hereafter upon the creditt of this p[re]sent Act: And that the interest after the rate of seaven pounds per centum per an[n]nu due or to be due for the said Loans to be transferred as aforesaid shall be paid and satisfied out of the moneys ariseing by this Act untill the respective times of the satisfacc[i]on of the principall: And that the Auditor of the said Receipte upon the transferring of the said Loans or the Order for the same as aforesaid shall make memorandums in the margin of his Books where the same doe or shall stand entred upon the said Act for the quarterly Poll importing the transference thereof and that they are to be paid out of the moneys ariseing by virtue of this Act: And that any person or persons who are or shall be entituled to any moneys to be paid by such Orders to be transferred as aforesaid shall or may assigne over the same to any other person or persons which Assignements shall be good and effectuall in Lawe and soe toties quoties any thing in the said former Act or in this p[re]sent Act to the contrary notwithstanding:-

Editorial Information

X1 interlined on the Roll.