Land Tax Act 1693

LXVIII. £118, 506. 5s. 10d. which in pursuance of 4 W. & M. c. 3.

and Letters of Privy Seal of the 14th Sept. 1693, were lent to Their Majesties; and £293, 692. 17s. 10d. which, in pursuance of 4 W. & M. c. 14. and of Letters of Privy Seal of Aug. 10, 1693, were lent to Their Majesties; not having been repaid;; and all Sums not exceeding £400, 000 which may be lent to Their Majesties pursuant to Letters of Privy Seal of 27th Nov. 1693; and all Orders of Loan of the said Sums, to be transferred and registered in course,; without taking Receipts from the Parties,; and paid out of the Monies arising by this Act,; at £7 per Cent. per Ann. on £118, 506. 5s. 10d.; at £8 per Cent. on £293, 692. 17s. 10d.; Auditor of the Receipt to make Memorandums of Transfer.; Orders for Money may be assigned.

Provided always and be it further enacted That all every the principal su[m]ms of money not exceeding in the whole the su[m]m of One hundred and eighteen thousand five hundred and six Pounds Five Shillings and Ten Pence which in pursuance of an Act lately made entituled An Act for granting to their Majesties certaine rates and Duties of Excise upon Beer Ale and other Liquors for secureing certaine Recompences and Advantages in the said Act menc[i]oned to such Persons as shall voluntarily advance the su[m]m of Ten hundred thousand Pounds towards the carrying on the Warr against France and of their Majesties Letters of Privy Seale beareing date the Fourteenth day of September One thousand six hundred ninety three made in pursuance of the said Act have been lent or shall bee lent to their Majesties att the receipt of Exchequer not having been repaid And all and every the principal su[m]ms of money not exceeding in the whole the su[m]m of Two hundred ninety three thousand six hundred ninety two Pounds Seventeen Shillings and Ten Pence which in pursuance of the Act of Parliament lately made entituled An Act for the Review of the Quarterly Poll and of their Majesties Letters of Privy Seale beareing date the Tenth day of August One thousand six hundred ninety three made in pursuance of the said Act have been lent or shall bee lent to their Majesties att the Receipt of Exchequer not having been repaid And all and every the principal su[m]ms of money not exceeding in the whole the su[m]m of Foure hundred thousand pounds which after the Seventeenth day of November One thousand six hundred ninety three have been lent or shall bee lent to their Majesties att the said Receipt pursuant to their Majesties Letters of Privy Seale beareing date the Twenty seaventh day of November One thousand six hundred ninety three for or towards maintenance of their Majesties Fleet for the yeare One thousand six hundred ninety foure And all and every the Orders of Loan for the said several and respective principal su[m]ms shall bee in the first place transferred to and placed upon the register appointed to bee kept by this Act and shall be registred thereupon in such course and order as the Loans thereof respectively in point of time were made att the said Receipt which transferences shall and may bee and are hereby required to bee 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 principal moneys upon the said Orders soe transferred shall be payable and paid to the Lender or Lenders of the same his her or their Executors Administrators or Assigns out of the moneys ariseing by virtue of this Act in the same course and order according to which they are hereby appointed to bee transferred and with preference to the Loans which any person or persons shall make hereafter on credit of this present Act And that the Interest after the rate of Seven pounds per Centum per Annum due or to bee due for the said principal su[m]ms not exceeding One hundred and eighteen thousand five hundred and six pounds five shillings and Ten pence and Foure hundred thousand pounds and after the rate of Eight pounds per centum per annum due or to be due for the said principal su[m]ms not exceeding Two hundred ninety three thousand six hundred ninety two pounds seventeen shillings and ten pence to be transferred as aforesaid shall be paid and satisfied out of the moneys ariseing by this Act until the respective times of the satisfaction of the Principal and that the Auditor of the said Receipt upon the transferring of the said Loans or the orders for the same as aforesaid shall make memorandums in the margent of the books where the same stand entred importing the transferrence thereof and that they are to bee 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 bee paid by such orders to bee transferred X1 afore said shall or may assigne over the same to any other person or persons which assignments shall be good and effectual in Law and so toties quoties any thing in the said former Acts or in this present Act to the contrary notwithstanding.

Editorial Information

X1 Variant reading of the text noted in The Statutes of the Realm as follows: as O. [O. refers to a collection in the library of Trinity College, Cambridge]