Government Life Annuities Act 1694

X. Clause of Loan if £618, 420. 0s. 6d. be not advanced before 1st August 1695.

And bee it enacted by the authority aforesaid That if the whole su[m]m of six hundred eighteene thousand foure hundred and twenty pounds and sixpence bee not advanced and paid into the Exchequer upon this Act before the first day of August One thousand six hundred ninety and five that then it shall and may be lawfull for his Majesty or his Officers in the receipt of his Majesties Exchequer by his command and appointment to borrow and take into the said receipt for his Majesties use by way of loane 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 first day of August bee contributed or adventured as aforesaid shall not exceed the su[m]m of six hundred eighteen thousand foure hundred and twenty pounds and six pence which su[m]m or su[m]ms soe taken upp by way of loan shall and may bee charged upon the creditt of his Majesties Exchequer in general and tallies of loan and orders of repayment of the same shall bee levyed and drawne accordingly which said orders shall bee assigneable and transferrable from one person to another.