Government Life Annuities Act 1694

II. Person having an Estate for Life, not taking Advantage before July, any other paying £70 shall have a Term of 96 Years charged with the present Estate for Life;

and to have a Tally as herein mentioned; and have a good Estate in such Annuity, subject to the Estate for Life.

And bee it further enacted by the authority aforesaid that if any person or persons being intituled to any estate for one Life in being in any such present Annuity or Annuities as aforesaid shall not before the said Foure and twentieth day of July One thousand six hundred ninety five advance and pay into the receipt of the Exchequer such rate or considerac[i]on money as is before mentioned for changeing such his her or their estate for life into a terme certaine or for a future interest as aforesaid that then and in every such case it shall and may bee lawfull to and for any person or persons whatsoever Natives or Forreigners (haveing or not haveing any property or interest in such estate for life) att any time or times after the said Foure and twentieth day of July and on or before the Twelfth day of November in the yeare of our Lord One thousand six hundred ninety five to contribute advance and pay into the said receipt of the Exchequer soe much money as any such annuity being computed for Five yeares doth or shall amount to (that is to say) For every hundred pounds that was paid for the single Life in an annuity of Foureteen pounds a yeare there shall bee paid in all the cases last menc[i]oed the su[m]m of Seventy pounds for the said terme of Ninety six yeares (to commence and bee reckoned as aforesaid and to bee charged with and subject to the present estate for Life) of and in the same or the like annuity and there shall bee paid a rate or consideration in the same proportion for annuities exceeding fourteen pounds a yeare and every such person on such payment made shall immediately have a Talley or Tallies importing the receipt of the consideration money soe paid and upon every such Talley proper words shall bee written signifying that such payment is made in considerac[i]on that such Contributor or Contributors or such person or persons as shall bee named by him her or them or by such as hee she or they shall authorize to pay in the money his her or their executors administrators and assignes are to have and enjoy the said termes of ninety six yeares in such annuity charged with and subject neverthelesse to the said particular estate for Life then in being and that by or upon the makeing of every such payment after the rate of Seventy pounds per centum the person or persons soe contributing or advanceing the consideration money or the person or persons to bee nominated as aforesaid his her or their Executors Administrators and Assignes shall have a good estate or interest in every or any such annuity so to bee purchased or paid for dureing the said terme of Ninety six [X1 yares] (subject neverthelesse to the said particular estate for Life in being) and after the determination of such particular estate for Life shall have receive and enjoy and bee intituled to have receive and enjoy such annuity or yearely rent or payment soe purchased or paid for dureing all the rest and residue which shall bee then to come and unexpired of and in the said terme of Ninety six yeares to bee paid and payable out of such of the said Funds as the annuity for Life was first charged upon or payable out off and to bee [X2 paid] att the Foure most usual Feasts in the yeare by equal portions as aforesaid.

Editorial Information

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

X2 interlined on the Roll.