Bank of England Act 1696

XXIX. Interest on Tallies or Orders brought in as herein mentioned to be taken as so much Principal Money.

Assignments of Orders to be registered before Subscription, or not to be accepted.

And be it further enacted by the Authority aforesaid That all the Interest due on such Talleys or Orders which shall be so as aforesaid brought into the Bank upon the said intended Subscriptions by virtue of this Act being computed from the time to which Interest hath been actually satisfied thereupon to the end of the last preceding Quarter of a Yeare next before the Day appointed for begining of such Subscriptions shall be accepted taken or allowed by the said Co[m]missioners upon the taking the said Subscriptions as so much Principal Money subscribed and paid into the Capital Stock of the said Governor and Company and that all Assignements of Orders on all such Talleys as shall be so brought in upon the said Subscriptions shall before the making of such Subscriptions be registred in the Exchequer by the proper Owner or Owners thereof and in Default or Neglect of such registring as aforesaid the said Talleys or Orders so unregistred shall not be accepted or taken nor any Subscription be allowed or permitted in respect of the same until such Orders shall be first duly registred as aforesaid.