Taxation (No. 2) Act 1692

VI. Monies so borrowed with Interest at £8 per Cent. per Ann. payable every Three Months, repaid out of next Aids.

If no Aid before 2d February 1693, then out of Treasure in the Exchequer.

And it is hereby enacted and declared That all and every sum and sums of money soe to be borrowed not exceeding as aforesaid together with the interest for the same not exceeding the rate of Eight pounds per Centum per Annum to be paid every Three months untill satisfaction of the principall shall be payable and bee paid or satisfied unto the respective lender or lenders of the same his her or their Executors Administrators or Assignes out of any of the next Aids or Supplies to be granted to Their Majesties in Parliament and shall be transferred and transferrable thereunto as soone as any such Ayd or Supply shall be granted And in case noe such Ayd or Supply shall be granted to Their Majesties before the Second day of February One thousand six hundred ninety three then the said sum and sums of money soe to bee borrowed not exceeding as aforesaid and the interest thereof shall be payable and be paid and satisfied to the said lender or lenders his her or their Executors Administrators or Assignes respectively by and out of any of Their Majesties Treasure which from thenceforth shall come into be or remaine in the Receipt of Their Majesties Exchequer not being already appropriated to any particular uses by any Act or Acts of Parliament before this time made.