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Government Life Annuities Act 1693
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II.Annuities, &c. free from Taxes.
Surplus to the King.
And be it further enacted That any moneys payable to any person or persons upon or by virtue of this Act shall not be charged or chargeable with any rates duties or impositions whatsoever And in case there shall be any surplus or remainder of the moneys ariseing by the said rates and duties of Excise att the end of any yeare dureing the terme of ninety nine yeares granted therein by the said former Act after makeing all the payments which by this or the said former Act are appointed to be paid or satisfied within the same yeare or reserving money for the same such surplus or remainder shall be to the use of their Majesties their Heires and Successors.
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