House of Commons (Disqualification) Act 1693

LVII. The annual Surplus Money applied in Payment of Monies remaining due on 2 W. & M. Sess. 2. c. 10. continued by 3 & 4 W.& M.c.6.

Proviso in case the whole £1,000,000 be not advanced.

And be it further enacted That in case there shall bee any surplus or remainder of the moneys ariseing by the rates and duties granted by this Act att the end of any one yeare of the said terme of Sixteene yeares after all the annuities or payments directed by this Act shall bee fully satisfied paid and discharged such surplus or remainder shall goe and bee applied for or towards the payment and satisfaction of such principal and interest moneys which shall bee or remaine due upon the register kept in the said receipt of Exchequer for the two third parts of the rates and duties of Excise granted in the second yeare of their Majesties Reigne (entituled An Act for granting to their Majesties several additional duties of Excise upon Beer Ale and other Liquors for foure yeares from the time that an Act for doubleing the duty of Excise upon Beer Ale and other Liquors dureing the space of one yeare doth expire) and continued by clauses in a subsequent Act (entituled An Act for raiseing money by a Poll payable quarterly for one yeare for the carrying on a vigorous War against France) And that such surplus or remainder together with the moneys applicable by the two Acts last menc[i]oed shall bee issued and paid joyntly and severally for and towards the dischargeing of the principal and interest moneys which from time to time shall bee or remaine due and unpaid upon the said register until the same shall bee fully satisfied and afterwards the moneys which shall further arise by the said surplus or remainder shall bee to the use of their Majesties their Heires and Successors for the carrying on the Warr against France. Provided always That in case the whole su[m]m of Tenne hundred thousand pounds bee not advanced and paid into the Exchequer by or for contributions upon this Act the surplus or remainder of the moneys ariseing by the rates and duties hereby granted more then is requisite to pay the annuities or payments directed by this Act shall bee disposed as shall bee hereafter directed by Act of Parliament Any thing in this Act contained to the contrary thereof notwithstanding.