Bank of England Act 1696

XXXVIII. Monies arising from the Duties, continued by this Act.

Tunnage and Poundage, Wines, Vinegar, Tobacco, &c; Additional Impositions on Merchandize; Duties on Vellum, Parchment, and Paper; on Marriages, Births, Burials, &c on Houses; Monies borrowed upon the Credit of 7 & 8 W. III. c. 10.; and brought into the Exchequer; Monies borrowed upon the Credit of 7 & 8 W. III. c. 18; and upon 7 & 8 W. III. c. 31. as herein mentioned,; Declared the General Fund for making good the Fund herein mentioned to be deficient; The said Monies not divertible.

And be it further enacted by the Authority aforesaid That all the Moneys which shall arise and be brought into the Receipt of His Majesties Exchequer of or for the Subsidy of Tunnage and Poundage and other Duties upon Merchandizes therewith continued by this Act from the Five and twentieth Day of December One thousand six hundred ninety nine until the said First Day of August One thousand seven hundred and six and of or for the said Impositions or Duties upon Wines Vinegar Tobacco East-India Goods wrought Silks and other Duties therewith continued by this Act from the Eight and twentieth Day of September One thousand seven hundred & one until the said First Day of August One thousand seven hundred and six and of or for the said additional and other Rates Duties Impositions and Charges upon several sorts of Goods and Merchandizes by this Act continued from the last Day of February One thousand six hundred ninety six to the said First Day of August One thousand seven hundred and six and of or for the said Duties upon Vellum Parchment and Paper by this Act continued from the Eight & twentieth Day of June One thousand six hundred ninety eight until the said First Day of August One thousand seven hundred and six and of or for the said Rates and Duties upon Marriages Births Burials Batchelors & Widdowers hereby continued from the First Day of May One thousand seven hundred [X1 until the s[ai]d First Day of August One thousand seven hundred] and six and of or for the said several Rates or Duties upon Houses by this Act continued from the Five and twentieth Day of March One thousand seven hundred and three until the said First Day of August One thousand seven hundred and six and all the Moneys (if any such be) which from and after the full Payment and Satisfaction of the Su[m]ms of Money not exceeding Fifteen hundred thousand pounds borrowed upon the Creditt of the said Act passed in the Parliament holden in the Seventh and Eighth Yeares of His Majesties Reigne intituled An Act for continuing several Duties granted by former Acts upon Wine & Vinegar and upon Tobacco & East India Goods and other Merchandizes imported for carrying on the Warr against France and the Interest thereof shall arise & be brought into the Exchequer of or for the said Impositions or Duties upon Wines Vinegar Tobacco East India Goods wrought Silks and other Goods thereby granted or continued until the said Nine and twentieth Day of September One thousand seven hundred and one and all the Moneys which from and after the Satisfaction of the Principal Su[m]ms not exceeding Seven thousand three hundred eighty two pounds eleven shillings and foure pence borrowed upon the said Act made in the Parliament holden in the Seventh and Eighth Yeares of His Majesties Reigne intituled An Act for granting to His Majestie several Rates or Duties upon Houses for making good the Deficiency of the clipt Money & the Interest thereof and after that all the Bills signed by the Master and Worker of His Majesties Mints for the Reward after the Rate of Six pence per Ounce for every Ounce of Sterling Silver proceeding from wrought Plate Vessells or [X1 any] other manufactured Silver brought into any of His Majesties Mints between the Fourth Day of May One thousand six hundred ninety six and the Fourth Day of November One thousand six hundred ninety six shall be fully paid off and satisfied shall arise and be brought into the Exchequer of or for the said Rates or Duties upon Houses granted by the said Act for Seven Yeares from the Five & twentieth Day of March One thousand six hundred ninety six and all the Moneys which from and after the full Payment and Satisfaction of the Su[m]ms of Money not exceeding One million seven hundred twenty foure thousand pounds borrowed or to be borrowed as aforesaid for the Service of the Warr upon Creditt of the said Act passed in the Parliament holden in the Seventh and Eighth Yeares of His Majesties Reigne intituled An Act for continuing to His Majestie certaine Duties upon Salt glasse Wares stone and earthen Wares and for granting several Duties upon Tobacco Pipes and other earthen Wares for carrying on the Warr against France and for establishing a National Land Bank & for taking off the Duties upon Tunnage of Shipps and Vessells and upon Coals and after the Interest thereof shall also be satisfied shall arise and be brought into the said Receipt of Exchequer of and for the said Duties upon Salt glasse Wares stone and earthen Wares and upon Tobacco Pipes and other the Duties thereby granted or continued to His Majesty His Heires and Successors shall be and are hereby declared to be the General Fund for making good the particular Funds before in this Act expressed or computed to be deficient and are and shall be appropriated issued and applied for & towards the making good of the said deficient Funds by the Payment and Satisfaction of the Principal and Interest due and to grow due thereupon in such Manner & Forme and according to such Rules and Methods as are hereafter in this Act prescribed and directed and shall not be diverted or divertible to any other Use Intent or Purpose whatsoever until all the said Principal and Interest shall be fully satisfied and paid off.

Editorial Information

X1 interlined on the Roll.