Taxation, etc. Act 1692

XXI. If £500,000 only advanced before May, the King may borrow £500,000 more, to be paid out of Money raised betwixt that time and September; if that fall short, next Aid chargeable.

And be it further enacted That for the better and more effectual supply of Their Majesties present Occasions that if the Sum of Five hundred thousand pounds part of the said Sum of Ten hundred thousand pounds be not advanced and paid into the Exchequer upon this Act before the First day of May One thousand six hundred ninety three that then it shall and may be lawfull for Their Majesties to borrow upon Interest as aforesaid any Sum or Sums of Money not exceeding Five hundred thousand pounds to be paid out of such other moneys as shall be advanced upon this Act between the First day of May One thousand six hundred ninety three and the said Twenty ninth day of September One thousand six hundred ninety three in case the money so advanced shall be sufficient for the payment thereof or otherwise so much thereof as the same shall extend to pay And the residue of the said Sum of Five hundred thousand pounds so taken up upon Loan which shall remain unpaid out of the moneys advanced upon this Act as aforesaid shall be taken and reckoned as part of the said Sum before directed to be and made payable out of any of the next Aids or Supplies to be granted to Their Majesties in Parliament or out of Their Majesties Treasure as aforesaid