House of Commons (Disqualification) Act 1693

LV. If £1,000,000 be not advanced before 24th June 1694, their Majesties may borrow Amount of Deficiency.

And bee it enacted by the authority aforesaid That if the whole su[m]m of Ten hundred thousand pounds bee not advanced and paid into the Exchequer upon this Act before the foure and twentieth day of June One thousand six hundred ninety foure That then it shall and may bee lawfull for their Majesties or their Officers in the receipt of their Majesties Exchequer by their co[m]mand and appointment to borrow and take into the said receipt for their Majesties use by way of Loan any su[m]m or su[m]ms of money which together with the whole value or amount of all the su[m]ms of money which shall before the said foure and twentieth day of June bee contributed or adventured as aforesaid shall not exceed the su[m]m of ten hundred thousand pounds which su[m]m or su[m]ms soe taken upp by way of Loan shall and may bee charged upon the creditt of their Majesties Exchequer in general and Tallies of Loan and Orders of repayment of the same shall bee levied and drawne accordingly which said Orders shall be assignable and transferrable from one person to another.