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Taxation (No. 4) Act 1694
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IX.Deficiency of Monies raised to pay the Interest to be borne proportionably to the Amount of Debt.
Provided and it is further enacted by the authority aforesaid That if all the moneys that shall bee paid into the Exchequer by virtue of this Act shall not bee sufficient to satisfie and pay interest for all the said su[m]m of Three hundred thirty thousand seven hundred sixty nine pounds ten shillings and seven pence principal money for the said space of Three yeares at the said rate of Five pounds per centum for One whole yeare then [X1shall there] bee noe preference of any of the said persons named in the said debentures but such deficiency shall fall upon the said persons named in the said debentures their several and respective executors administrators and assignes ratably and proportionably according to the quantity of their respective debts mentioned in the said debentures.
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X1Variant reading of the text noted in The Statutes of the Realm as follows: there shall O. [O. refers to a collection in the library of Trinity College, Cambridge]
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