Selected quad for the lemma: duty_n

Word A	Word B	Word C	Word D	Occurrence	Frequency Band	MI	MI Band	Prominent
duty_n	act_n	majesty_n	parliament_n	1,684	5	7.0996	4	true

Text snippets containing the quad

ID	Title	Author	Corrected Date of Publication (TCP Date of Publication)	STC	Words	Pages
A50953	England's glory, or, The great improvement of trade in general, by a royal bank, or office of credit, to be erected in London wherein many great advantages that will hereby accrue to the nation, to the crown, and to the people, are mentioned : with answers to the objections that may be made against this bank / by H.M.	Mackworth, Humphrey, Sir, 1657-1727.	1694 (1694)	Wing M218; ESTC R22279	22,801	108

them by two three four or five hundred Pounds at a time 9. Most Men will rather deal with Persons that have Credit in these Banks than upon simple Credit this being secured by Act of Parliament Other Securities not comparable to this as divers can tell who have smarted through the Deceitfulness of base Men Scriveners and Goldsmiths 10. It is not the Quantity of Commodities brought into these Banks will cause a Cessation in Trade for the Credit of one Commodity will still purchase another and what cannot be spent in England by the Credit of other Commodities may be transported to other Countries to find a Market which now for want of Money to answer them lie rotting at home Money being the Medium to measure all kind of Commodities by they must lie dead till it can be applied A hundred Yards of Cloth are not so soon measured with one Yard-Wand as with twenty Yard-Wands if severally applied to this hundred If twenty Pedlars stood in a Market and had but one Yard-Wand among them one must stay for the other to deliver their Goods till they can have the Yard-Wand to measure out 11. Poor People that now pay Twenty and Thirty or Forty per Cent. for Goods pawned to Brokers of which they are perhaps at last cheated if they do not redeem them at their Day may be supplied at moderate Rates by the lesser Banks set up on purpose for their Reliefs If the Bank gets no great matter by these Poor People they will at least save and the Poor will be relieved that now suffer for want of a running Cash To summ up all in short All Persons Natives and Foreigners Men Women and Children Rich and Poor will have Profit one way or other by the Access of so great Riches as these Banks may necessarily produce REMARKS UPON THE Act of Tunnage Relating to the BANK REMARKS UPON THE Act of Tunnage Their MAJESTIES having granted a Commission under the Great Seal Dated the 15th Day of June 1694. for the taking Subscriptions for the Bank pursuant to the late Act of Parliament as followeth viz. VVHEREAS by an Act Entituled An Act for Granting to Their Majesties several Rates and Duties upon Tunnage c. It is Enacted That for Four Years from the first of June 1694. there shall be paid upon the Tunnage of all Vessels wherein any Goods shall be imported from any the Countries in the Act named or Coast-wise from Port to Port in England the several Rates in the Act mentioned and certain Additional Duties of Excise on Beer Ale and other Liquors And that weekly on every Wednesday if not an Holy-Day and if it be the next day not being an Holy-Day all the Monies arising by the said Rates shall be paid into the Exchequer And that Yearly beginning from the first of June 1694. the Summ of Fifteen hundred thousand Pounds arising out of the said Duties and Rates in case the weekly Payments extend thereunto shall be the Yearly Fund and if they do not extend thereunto then the said weekly Payments so far as they will extend shall be part of the Yearly Fund and in case the Duties and Rates shall be so low as that within any one Year the weekly Payments shall not amount to Fifteen hundred thousand Pounds or be sufficient to answer the Recompences by the said Act extended in such cases the Commissioners of the Treasury are strictly injoin'd without any Warrant from Their Majesties their Heirs or Successours to make good such Deficiency out of any Treasure or Revenue of the Crown not appropriated to any other Use And that it should be lawful for their Majesties to Commissionate any number of Persons to receive such Subscriptions as should be made before the first of August next by any Natives or Foreigners or Corporations towards paying into the Exchequer the summ of twelve hundred thousand pounds and that the yearly summ of one hundred thousand pounds shall be appropriated to such Subscribers Their Majesties being resolved that if the whole summ of twelve hundred thousand pounds or a Moiety thereof or more thereof be subscribed by the first of August next to incorporate the Subscribers have nominated and appointed A. B. c. the Commissioners named in the Commission or any five or more of them to take the Voluntary Subscriptions of any Natives Foreigners or Bodies Politick before the first day of August towards raising the said summ of twelve hundred thousand pounds taking care that none write above twenty thousand pounds and that before the first of July none write above ten thousand pounds And that the said Weekly Payments as they come in shall be divided in five seventh parts and two seventh parts which five seventh parts shall be appropriated to the paying of the said one hundred thousand pounds per Annum to be paid as the same comes into the Exchequer to the Use of the Subscribers And that their Majesties may appoint how the said twelve hundred thousand pounds and one hundred thousand pounds per Annum shall be Assignable and may incorporate such Subscribers by the Name of the Governour and Company of the Bank of England subject to the condition of Redemption And if twelve hundred thousand pounds be not paid into the Exchequer by the first of January next 1695. then the Subscribers shall have only after the Rate of eight per Cent. per Annum And the Commissioners of the Treasury are required without any Warrant from their Majesties their Heirs or Successors to pay the said one hundred thousand pounds per Annum And that no Person or Corporation shall subscribe more than twenty thousand pound and every Subscriber at the time of his subscribing shall pay one fourth part of his Subscription and in default thereof such Subscription shall be void That the residue of the Subscriptions shall be paid into the Exchequer before the first of January and in default thereof one fourth part shall be forfeited That none before the first of July shall write above ten thousand pounds Provided if twelve hundred thousand pounds or a Moiety be not subscribed by the first of August then the Power for Erecting a Corporation shall cease and in such Case so much of the hundred thousand pounds as shall belong to the Subscribers may be Assignable and that the Moneys payable by the Act to any Person shall not be chargeable with any Duties or Impositions as by the said Act may appear June the 21th at Mercers-Chappel the Commissioners did meet and divided themselves into several Officers and with great diligence and in excellent Order and Form attended to take the voluntary Subscriptions of all that came that Day Thus every Person that comes pays in one fourth Part of what he subscribes to one of the Receivers who gives him a Receipt for so much and directs him to another Office where he is to deliver this Receipt and receives another attested under the Hands of two Clerks and by them directed to

the Commissioners and to deliver his Receipt to them who sitting round a great Table with a great Book before them inserting the Day of such Payment the Names of the Commissioners receiving the same and the Name and Abode of the Person paying the same with their proper Additions and the Summ paid the Party subscribing writing his Name The Form of the Receipt given to all N o WE whose Names are here under subscribed Commissioners appointed by Their Majesties for taking Subscriptions for and towards the raising and paying into the Receipt of the Exchequer the summ of Twelve hundred thousand Pounds pursuant to an Act of Parliament Entituled An Act for Granting to Their Majesties several Rates and Duties upon Tunnage of Ships and Vessels and upon Beer Ale and other Liquors for securing certain Recompences and Advantages in the said Act mentioned to such Persons as shall voluntarily advance the Summ of Fifteen hundred thousand Pounds towards the carrying on the War against France do hereby acknowledge and declare That J. W. of London Citizen hath this day subscribed the Summ of and hath paid to us the Summ of being one fourth Part of his said Subscription according to the said Act and Commission Witness our Hands the _____ day of _____ in the Year of our Lord 1694. June 21. subscribed near 300000 Pounds June 22. subscribed near 200000 Pounds June 23. subscribed near 200000 Pounds And from June 25. to July 2. the remaining Part of the 1200000 l. was subscribed which makes them in a Condition to be a Corporation That the Corporation may be settled to the Satisfaction of the Subscribers the Commissioners or any Five or more after the first of August or so soon as Twelve hundred thousand Pounds are subscribed which shall first happen may affix Publick Notice on the Royal-Exchange for all who have subscribed not less than Five hundred Pounds and paid their fourth Part in to meet on a Day appointed which is not to be sooner than four Days nor later than eight Days after the Notice to Elect Members qualified as hereafter mentioned to be the first Governour Deputy and Directors of the intended Corporation And that all the Subscribers their Heirs c. may meet and chuse out of the whole Subscribers of whom none shall have more than one Vote One Person who hath subscribed in his own Right Four thousand Pounds at least and paid one fourth Part thereof at least at the time of his Subscription to be the first Governour And one other Person who hath subscribed Three thousand Pounds at least and paid in as aforesaid to be the first Deputy-Governour And Twenty four other Persons each of which has severally subscribed in their own Right Two thousand Pounds at least and paid in one fourth Part thereof as aforesaid to be the first Directors which Elections shall be determined by the Majority of Votes then present and in case they be equal then by the Commissioners or the Majority of them That the Persons so elected shall be inserted in the said intended Charter and made the first Governour Deputy-Governour and Directors to continue in their Offices from the Date of the Charter till the 25th of March 1696. and till others be chosen in their Places and sworn subject nevertheless to the Restrictions and Proviviso's in the said Act and to such other Rules as shall be inserted in the Charter to be granted Provided no Subscribers shall be capable to Vote in the Election of the first Governour Deputy or Director until he hath taken the Oath following viz. The OATH I A. B. do swear That the Summ of Five hundred Pounds by me subscribed or the Summ of Five hundred Pounds of the Money by me subscribed is my own proper Money for my own Vse and in my own Right and not in Trust for any Person whatsoever Provided nevertheless That any Quaker who hath subscribed Five hundred Pounds as aforesaid and made and signed the Declaration following viz. I A. B. do sincerely and solemnly declare in the presence of God That the Summ of Five hundred Pounds by me subscribed and so on as in the Oath aforesaid shall be capable to Vote in the said Elections of the first Governour Deputy or Directors Provided That no Subscriber shall be capable to be chosen the first Governour Deputy or Director unless he be a natural-born Subject and hath taken an Oath That the Summs which in the respective Cases of Governour Deputy or Directors are requisite to be subscribed as aforesaid are his own proper Monies subscribed for his own Use and in his own Right and not in Trust for any other Person And any Two of the Commissioners are impowered to administer the said Oaths and Declarations to the Persons who are to be chosen or be the first Governour Deputy and Directors What Corporations Natives and Foreigners may do COrporations Body Politick and Corporate may subscribe any summ not exceeding twenty thousand pounds paying down one fourth part to the Commissioners at Mercers Chapel London and a second fourth part on or before the first day of October next and the other third and fourth parts before the first of January 1694. 2. All Natives and Foreigners may subscribe any summ not exceeding ten thousand pounds Ditto to do and pay in as before-said The Bank-Corporation may purchase Lands Rents Tenements and Hereditaments of what kind soever and may also Sell Grant Demise Alien or Dispose of the same may Sue and Implead and Answer in all Courts of Record or any other place whatsoever and do and Execute all matters and things by the name of the Governour and Company of the Bank of England may borrow or give security by Bill Bond Covenant or Agreement under their Common Seal for any summ of moneys not exceeding twelve hundred thousand pounds may deal in Bills of Exchange home and foreign may buy Bullion Silver and Gold may sell Bullion Silver and Gold may sell any Wares Goods or Merchandizes whatsoever which shall be left or deposited with the said Corporation for Moneys lent and advanced thereon not redeemed at the time agreed on or within three Months after may sell such Goods as are the Produce of Lands purchased by the said Corporation may give out Bill or Bills Obligatory and of Credit under the Seal of the said Corporation to any Person or Persons by Endorsement thereon under the Hand of such Person or Persons may be Assignable and assign'd to any Person or Persons voluntarily accepting the same and so by such Assign Toties Quoties by Endorsement thereupon that such Assignment and Assignments so to be made shall vest and transfer the Right and Property in and to such Bill or Bills Obligatory and of Credit and the Moneys due upon t he same and the Assignee may sue in his own name on default What the Bank-Corporation may not do THE Corporation may not monopolize or ingross or buy up any sort of Goods Wares Merchandizes whatsoever with the Stock-Monies or Effects belonging to the said Corporation in so doing they shall forfeit for every such Dealing and Trading treble the Value of the Goods and Merchandizes so traded for They may not upon any Account of the Corporation at any time or times purchase Lands or Rents belonging to the Crown or advance or lend to their Majesties their Heirs and Successours any Summ or Summs of Money by way of Loan or Anticipation upon any Part or Parts Branch or Branches Fund or Funds of the Revenue granted or hereafter to be granted or belonging to their Majesties their Heirs or Successors in so doing they shall forfeit treble the Value of every such Summ or Summs of Money so lent the one fifth Part to the Informer and the Residue towards Publick Uses as the Parliament shall direct and not otherwise Any Bonds Bills Covenants Agreements Writings made sealed or given under their Common Seal for any Monies or Goods every Member or Members of the Corporation their Heirs Executors or Administrators in their private and personal Capacities are chargeable and liable in Proportion to their several Shares or Subscriptions to the Re-payment of all Money so lent with Interest for the same and an Action of Debt may be brought commenced prosecuted maintained in any of their Majesties Courts of Records against all and every or any one or more of the Members of the said Corporation their Heirs Executors or Administrators in proportion to their Shares or Subscriptions and have Judgment against every Person or Persons as aforesaid as if the Security were sealed by the Persons so sued any Condition to the contrary notwithstanding In Actions so brought no Priviledge Essoign Protection or Wager of Law nor any more than one Imparlance shall be allowed The Corporation may not permit nor suffer any Person or Persons whatsoever in trust for them to trade with any of the Stock Monies or Effects of or any ways belonging to the said Corporation and if they permit it shall forfeit for every such Dealing and Trading treble the Value of all Goods and Merchandise so traded for All Amercements Fines and Issues against the Corporation on account of any Sutes or Actions shall not be pardoned or discharged by any Letters of Signet Privy-Seal or Great-Seal Any Person or Persons obtaining Judgment against the Corporation bringing it to the Exchequer the Officers are required to pay the same Summ or Summs to the Plantiff in the said Execution mentioned whose Receipt shall be a full Discharge for the same and may retain so much of the Yearly Summ of One hundred thousand Pounds as the said Debt shall amount to FINIS