Taxation (No. 3) Act 1694

LXXV. Recital of 2 W. & M. Sess. 1. c.4.

Receivers General to pay a yearly Sum of £300,000, Part of the Monies of the said Act, into the Exchequer distinct; Times of Payment; Deficiency of such Weekly Payments made good out of the whole Customs; How the said £300,000 to be applied.

And whereas by an Act of this p[re]sent Session of Parliament intituled An Act for granting to theire Majesties a Subsidy of Tunnage and Poundage and other su[m]mes of money payable upon Merchandizes exported and imported the Subsidy of Tunnage and Poundage and other dutyes payable upon Merchandizes exported and imported are granted to His Majestie for the terme of Five yeares to co[m]mence upon the Six and twentieth day of December One thousand six hundred ninety and four Be it enacted by the Kings most excellent Majestie, by and with the advice and consent of the Lords Spirituall and Temporall and Co[m]mons in this p[re]sent Parliament assembled and by the authority of the same That from and after the Five and twentieth day of December One thousand six hundred ninety and four the yearly su[m]me of Three hundred thousand pounds of lawfull English money parte of the moneyes ariseing by the said Act shall by the Receiver or Receivers-Generall now and for the time being of the Customes Subsidies and other Dutyes upon Goods and Merchandizes imported and exported [X1 or to be imported and exported] be brought and paid into the Receipte of the Exchequer distinctly and separately from all other moneyes whatsoever that are or shall be payable into the said Receipte, and that the payments of the said yearely su[m]me of Three hundred thousand pounds shall be made into the said Receipte in manner followeing that is say On the Thirteenth day of February One thousand six hundred ninety and four soe much as the weekely su[m]me of Five thousand six hundred pounds to be computed from the said Five and twentieth day of December untill the said Thirteenth day of February shall amount unto and afterwards upon Wednesday in every weeke (if it be not a Holyday) and if it be then upon the next day in every, such weeke that is not an Holiday the weekely su[m]me of Five thousand six hundred pounds shall be paid as aforesaid as one weeke shall successively and imediately follow or succeede after another dureing the wholl terme of Five yeares by the last [X1 menc[i]oned] Act granted; and in case in any weeke or weekes the wholl Receipte of the moneyes upon the same Act shall not be sufficient to answere the weekely payment or payments hereby directed for such particular weeke or weekes, that then and soe often the deficiency and deficiencyes thereof shall be supplyed and made good out of the wholl Receipts of Customes Subsidies and other Dutyes upon the Act last menc[i]oned ariseing in the next weeke or weekes when the Receipte or Receipts will be sufficient to beare the same; And that on every Feast day of the Annunciac[i]on of the Blessed Virgin Mary, the Nativity of Saint John Baptist Saint Michaell the Archangell and the Birth of our Lord Christ dureing the said Terme of Five yeares or within Fourteene dayes after every such Feast day, soe much money shall be paid into the said Receipte by the said Receiver or Receivers Generall, out of the moneyes ariseing by the Act last menc[i]oned as together with the said weekely payments which shall have beene made shall compleately make upp satisfie and discharge the entire su[m]me of seaventye five thousand pounds for each and every the respective quarter on such Feast day ending; And that the said yearely su[m]me of Three hundred thousand pounds and every parte thereof shall be applyed and disposed and the same is hereby appropriated for and towards the payment and satisfacc[i]on of the sume not exceedeing Twelve hundred and fifty thousand pounds hereby authorized to be borrowed thereupon and the interest thereof as is herein after menc[i]oned One moiety of which Twelve hundred and fifty thousand pounds shall be and is hereby appropriated to the use of the Navy and Ordnance for Sea Service, and the other moiety for the Land Service:-

Editorial Information

X1 O. omits.