Government Life Annuities Act 1694

III. Order in the Exchequer for Payment, and Appropriation of the Duties given by the former Acts to Payment of this new Advance;

such Orders assignable as by the said former Act of Excise; and under the like Penalties, &c. Such Penalties to be sued for as by the said last mentioned Act; Officers to keep Books, &c; Access thereto without Fee; Penalty.

And bee it further enacted by the authority aforesaid that immediately after the levying and strikeing of the several and respective Tallies before mentioned Orders (according to the forme and course of the Exchequer in Parchment or Velom) shall bee drawne and signed for makeing the payments which by this Act are to bee made and according as by this they are appointed to bee made upon the several and respective annuities so to bee purchased or obtained in pursuance hereof which orders shall not bee determinable revocable or countermandable and the monies payable by such orders or any of them or any part thereof shall bee assignable and transferrable in such and the same manner and forme as are enacted prescribed or appointed in and by the abovesaid Act which granted Duties of Excise to secure recompences and advantages to such as should advance the su[m]m of Tenne hundred thousand pounds for or concerning the orders which were to bee given to the Contributors upon that Act and soe much of the several rates and duties of Excise and of the said imposition ariseing by the Tunnage of Ships and Vessells granted by the several Acts above mentioned as is and shall bee sufficient to pay and satisfie the several su[m]ms of money which shall from time to time grow due and bee payable upon the said several annuities to bee purchased and obtained in pursuance of this Act and which shall [X1 bee respectively] charged upon the rates duties or [X2 impositions] aforesaid is and shall bee appropriated and applied and the same is hereby appropriated to and for the payment of the said several annuities to bee purchased and obtained in pursuance of this Act according as the same shall become due by the purport and true meaning thereof and shall not bee diverted or divertable to any other use intent or purpose whatsoever under the like penalties forfeitures and disabilities in respect to all and every the Officers and other persons that are or ought to bee concerned in the payments thereof as are appointed and enacted (in case of diverting or misapplying or not paying) in and by the said Act which granted duties of Excise to secure recompences and advantages to such as should advance the su[m]m of Tenne hundred thousand pounds and every article rule and clause in the said last mentioned Act [X3 cotained] as for and concerning any penalties forfeitures and disabilities upon any Officers or others for misapplying or diverting any of the duties or su[m]ms of money thereby granted shall bee of full force and effect to all intents and purposes dureing the continuance of the said terme of Ninety six yeares and the said penalties and forfeitures shall bee sued for prosecuted recovered paid in such manner and forme as the penalties in the Act last mentioned are appointed to bee sued for prosecuted recovered or paid in which suit noe Protection Priveledge of Parliament or other Priveledge Wager of Law or any more then one imparlance shall bee allowed And the said Officers are hereby required to keep books and registers and to make entries of the names of all persons who shall advance moneys on this Act and of [X4 all] persons to bee nominated as aforesaid and of the several su[m]ms soe advanced and the times of paying in the same respectively and of the nature of each payment to bee made in pursuance of this Act to which all persons concerned shall have accesse all which the said officers for the time being shall doe or performe without fee or reward under the like penalties forfeitures and disabilities as in the like cases are appointed to bee inflicted by the Act last mentioned.

Editorial Information

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

X2 Variant reading of the text noted in The Statutes of the Realm as follows: Imposition O. [O. refers to a collection in the library of Trinity College, Cambridge]

X3 Variant reading of the text noted in The Statutes of the Realm as follows: contcyned O. [O. refers to a collection in the library of Trinity College, Cambridge]

X4 O. omits.