Brokers Act 1696

X. Policies, Contracts, &c. entered into, on which any Premium shall be given for Liberty to accept, &c. any Share in Joint Stock, Tallies, &c. void, and Premium repaid.

Except such Policies, &c. as are to be performed in Three Days.

And for the further preventing the Mischiefs and Inconveniences that doe daily arise to trade by the ill Practices of Brokers Stock Jobbers and others be it further enacted and declared by the Authority aforesaid That every Policy Contract Bargaine or Agreement made and entred into or to be made and entred into by any Person and Persons whatsoever and which by the Tenour thereof is to be performed after the said First Day of May One thousand six hundred ninety seven upon which any Premium already is or att any Time hereafter shall be given or paid for liberty to putt upon or to deliver receive accept or refuse any Share or Interest in any Joint Stock. Talleys Orders Exchequer Bills Exchequer Ticketts or Bank Bills whatsoever other than and except such Policies Contracts Bargaines or Agreements of the Nature aforesaid as are to X1 performed within the space of Three Days (to be accounted from the Time of making the same) is and shall be utterly null and void to all intents and purposes as if the same had never been made and every such Premium and Premiums shall be paid back and restored to such Person or Persons who did give or pay the same his Executors Administrators or Assignes.

Editorial Information

X1 Variant reading of the text noted in The Statutes of the Realm as follows: be O. [O. refers to a collection in the library of Trinity College, Cambridge]