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Bank of England Act 1694

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This is the original version (as it was originally enacted). The electronic version of this Act has been contributed by British History Online and is taken from the printed publication.
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  1. Introductory Text

  2. Tonnage upon Ships given for Four Years.

  3. II.Tunnage paid upon Arrival at a Port.

  4. III.Tax upon Importer to be borne, Two Thirds by the Merchant and One Third by the Owner.

  5. IV.Ships from Greenland only chargeable for Goods really imported.

  6. V.The like as to Ships from Newfoundland.

  7. VI.In case of Peace, Ships from France, how charged.

  8. VII.Proviso for Lime, Sand, &c. from Port to Port.

  9. VIII.Ships how measured.

  10. IX.Reciting 2 W. & M. Sess. 2. c. 10.

  11. X.How to be levied,

  12. XI.Commissioners of Excise and Customs to keep these Duties apart,

  13. XII.A weekly Account kept in the Exchequer.

  14. XIII.Commissioner neglecting or misapplying Monies.

  15. XIV.Their Majesties may order Salaries, &c. out of the Duties.

  16. XV.Excise Office and Comptroller continued in London.

  17. XVI.£140,000 to be a yearly Fund.

  18. XVII.The £140,000 to be kept apart in the Exchequer.

  19. XVIII.Their Majesties may make Commissioners to take Subscriptions for £1,200,000.

  20. XIX.Their Majesties may appoint Rules for transferring;

  21. XX.Proportionable Part of the Fund upon Part of the Sum advanced.

  22. XXI.Officers of the Exchequer required to pay as before,

  23. XXII.None shall subscribe more than £20,000.

  24. XXIII.No Person before 1st July next to subscribe more than £10,000.

  25. XXIV.Not to be a Corporation except a Moiety be advanced before 1st August.

  26. XXV.Corporation shall not borrow above £1,200,000, except upon Parliament Funds.

  27. XXVI.Corporation not to trade.

  28. XXVII.In what Things they may nevertheless deal.

  29. XXVIII.The Bills of the Corporation assignable.

  30. XXIX.Corporation purchasing Crown Lands, or lending Money upon Funds not having Loan of Credit;

  31. XXX.Fines upon the Corporation not pardoned by Letters of Signet, &c. and may be detained out of the annual Fund.

  32. XXXI.Exchequer Officers may pay off Judgments against the Corporation.

  33. XXXII.Recital of 5 & 6 W. III. c.7.

  34. XXXIII.Persons may contribute towards the raising £300,000, for which they shall receive yearly su[m]ms for One, Two, or Three Lives.

  35. XXXIV.Annuity free from Tax.

  36. XXXV.Guardian may advance Infant's Money.

  37. XXXVI.Contributor upon Receipt to bring Certificate of Nominee's Life from Minister, &c.

  38. XXXVII.If £1,200,000 be not raised upon the Fund, what is short may be raised upon Lives.

  39. XXXVIII.What falls short of £1,500,000 raised before October, may be raised by Loan.

  40. XXXIX.Eight per Cent. per Ann. allowed upon Loan.

  41. XL.£1,000,000 formerly appropriated to the Navy and Ordnance, c. 1. ante.

  42. XLI.Half of this or any other Tax, except Land Tax, charged with the £1,500,000. c. 5. ante.

  43. XLII.Particular Sums for Wages, &c. of Navy, Marines, &c.

  44. XLIII.Rules, Penalties, &c. of 1 W. & M. Sess. 2. c. 1. applied.

  45. XLIV.Recital of Utility of Manufacture of Silks.

  46. XLV.Recital of c. 1. ante.

  47. XLVI.One Penny per Pound allowed to the Exchequer Officers.

  48. XLVII.Officers in the Excise not to interfere in Choice of Members.

  49. XLVIII.Note of Gauge delivered to the Brewer, &c.

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