Government Life Annuities Act 1694

XI. Monies raised under this Act liable to Repayment of Monies advanced, with Interest at £5 per Cent.

if deficient, next Aid liable; and if no Aid before 20th Feb. then Money in the Exchequer.

And it is hereby enacted that all and every su[m]m and su[m]ms of money soe to bee borrowed not exceeding as aforesaid together with interest for the same not exceeding the rate of five pounds per Centum per Annum to bee paid every three months until satisfaction of the principal shall bee payable and satisfied unto the respective lender or lenders of the same his her or their executors administrators or assignes out of the moneys which shall afterwards arise and bee brought into the Exchequer by or for contributions or consideration moneys upon this Act soe farr as the same will extend and in case the money soe ariseing by this Act shall not bee sufficient for the paying thereof then the said Loans which shall remaine unsatisfied and the interest of the same shall bee paid & satisfied out of the next aids or supplies to bee granted to his Majesty in Parliament and shall bee transferred and transferrable thereunto as soon as any such aid or supply shall bee granted to his Majesty and if noe such aids or supplies shall bee granted to his Majesty before the twentieth day of February which shall bee in the yeare of our Lord one thousand six hundred ninety and five then the said su[m]m and su[m]ms of money soe to bee borrowed not exceeding as aforesaid and the interest thereof shall bee payable and bee paid and satisfied to the said lender or lenders his her or their executors administrators or assignes respectively by and out of any of his Majesties treasure which from thenceforth shall come into bee or remaine in the receipt of his Majesties Exchequer not being already appropriated to any particular uses by any Act or Acts of Parliament before this time made.