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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A82485 An act touching the first 400000£ charged on the receipt of the excize England and Wales. 1649 (1649) Wing E1157B; ESTC R43616 2,346 6

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27 Junii 1649. An Act touching the first 400000. l. charged on the Receipt of the Excize VVHereas the Lords and Commons assembled in Parliament by their Ordinance of the thirteenth of Octob. 1646. intending to raise the said sum of 200000 l for the service of the State did Declare That every person who should advance Moneys Plate c. upon the Publique Faith might for every sum of money he should so lend be secured a like sum more out of the grand Excize in course or by sale of the Bishops Lands which should first happen together with interest according to 8 l per centem per annum to be paid every six moneths out of the Receipts of the Grand Excize till Principal and Interest be fully discharged And whereas by the said Ordinance of the 16th of Novemb. 1646. it is Ordained That in case the 400000 l so secured or such part thereof as shall not be satisfied by the sale of the said Bishops Lands that then the Commissioners for the Grand Excize should be and are thereby charged and chargeable to pay the said sums with interest as aforesaid or so much thereof as should be due and unpaid and should begin to pay the same when they should have in ready money one fourth part of the whole Debt that should be owing to the lenders in course as they did pay in their moneys with the interest then due And whereas by the sale of the said Lands the sum of 350000 l or thereabouts is already satisfied to the said Lenders together with interest according to 8 l per centum per annum which therefore ought not to stand charged on the said excize as a debt to be paid to the said Lenders but nevertheless may remain and be charged for the service of the Commonwealth The Parliament taking the same into consideration together with the pressing necessities for the speedy relief of Ireland Do Enact and Ordain and be it Enacted and Ordained by the authority of this present Parliament That so much of the said 400000 l as is already or shall be satisfied to the said lenders by the sale of the said Lands shall nevertheless stand charged upon the said Receipt of the Excize for the service of the Common-wealth to be paid by the said Commissioners in course as is directed in the said Ordinances and as ought to have been paid to the said Lenders had they not been satisfied by the sale of the said Lands And it is hereby further Enacted and Ordained That the said Commissioners do issue out the said sums hereby declared to stand charged as aforesaid for the service of the Commonwealth according to such Orders and Directions as they shall from time to time receive from the Councel of State And the Receipt of the person or persons so authorized to receive the same shall be a good discharge to the said Commissioners ORdered That this Act be forthwich Printed and Published Hon Scobell Cleric Parliamenti An Act for borrowing 150000 l upon the first 400000 l charged on the Excize WHereas by an Act of this present Parliament made the 27th of this present June It is Enacted and Ordained That so much of the sum of 400000 l secured unto the Lenders and Advancers of the 200000 l by Ordinance of Parliament of the 13th of October 1646. as is already or shal be satisfied to the said lenders by the sale of the Bishops Lands shall nevertheless stand charged upon the Receipts of the Grand Excize for the service of the Commonwealth to be paid by the Commissioners of Excize in course as is directed by like Ordinance of Parliament of the 16th October 1646. to have been paid to the said lenders had they not been satisfied by the sale of the said Lands of which said sum there is already satisfied the sum 350000 l or thereabout by sale of the lands aforesaid And whereas the present and pressing necessities of Ireland do require a speedy supply of money which cannot be delayed until the course of the said Ordinance of the 13th of October 1646. though now near at hand doth fall It is Enacted and Ordained by this present Parliament and authority thereof That if any person or persons shall advance and lend any sum or sums of money towards the raising of 150000 l for the service of Ireland aforesaid the said person or persons shall be secured and reimbursed the same out of the moneys so standing charged for the use of the Commonwealth upon the Grand excize by the said Act of the 27 th of this present June and in course of the said Ordinance of the 13th of October 1646. together with Interest for the same after the rate of 8 l per centum per annum to be paid every six months for so long time as they shall remain unpaid And it is further Enacted and Ordained by authority aforesaid That the moneys so advanced lent upon the credit of the said Act shall be paid unto such Treasurer or Treasurers as the Councel of State shall under the Seal of the said Councel appoint and the receipt or receipts of the said Treasurer shall be a sufficient authority unto the person or persons lending and advancing the same to require demand the respective sum or sums by them and every of them advanced and lent together with interest as aforesaid of the Commissioners of Excize and New-impost who are hereby authorized to pay the same accordingly in such course as the said respective sum or sums shall be lent and advanced not staying until they have one fourth part of the whole debt in Cash but proceeding in payment thereof as fast as money shall arise upon the said Act Any thing in the said Act of the 27th of this present June to the contrary notwithstanding And the receipt or receipts of the said person or persons that shall advance any sum or sums upon the credit aforesaid together with the receipt of the Treasurers aforesaid testifying the sum or sums by him or them respectively lent shal be a sufficient discharge unto the Commissioners of Excize for payment of the said principal and interest And be it further Declared and Ordained by authority aforesaid That neither the said sum or sums so advanced and lent nor any other sum or sums whatsoever remaining and standing now charged upon the grand excize and untransferred upon the sale of Deans and Chapters Lands shall be taken off or transferred from the said excize upon any other security whatsoever nor be paid otherwise then in their true proper courses wherein they were first charged upon any exigent or occasion whatsoever Die Veneris 29 Junii 1649. ORdered That this Act be forthwith Printed and Published Hen Scobell Cleric Parliamenti London Printed by John Field for Edward Husband Printer to the Parliament of England 1649.