1 Annæ, ftat.1.

c. 7.

King Charles the Second, and by the duties of excife payable during the faid late King William's life, and by every or any of them, if all thofe duties of excife should fo long continue; and if the faid duties of excife, payable during his faid late Majefty's life, fhould happen to determine before the end of the faid term of five years, then out of the monies arifing entirely by the faid hereditary duties of excife, for and during all the refidue which should be then to come and unexpired of the faid term of five years, fhould be brought and paid into the receipt of the Exchequer by weekly payments, and in fuch manner and form as in the faid act are particularly mentioned, for the purposes in the faid act expressed: and it is thereby further enacted, That in lieu and difcharge of certain perpetual annual payments, and of all arrears thereof granted by his late majesty King Charles the Second to the refpective patentees therein named, the faid hereditary revenue of excife fhould, from and after the twenty fixth day of December, one thousand feven hundred and five, be and fand charged for ever with the payment of annual fums after the rate of three pounds per centum per annum, to be paid as by the faid act is directed, and fubject to fuch power of redemption as in the faid act is expreffed:

II. And whereas by an act of parliament made in the first year of your Majefty's reign, intituled, An act for the better fupport of her Majefty's houfhold, and of the honour and dignity of the crown, it is (amongst other things) enacted, That the duties of excife which had been granted to his faid late majesty King Charles the Second, during his life, and afterwards to King William and Queen Mary, during their lives, and the life of the furvivor of them (except as therein is excepted) and a certain duty upon vinegar, shall be levied and paid to your Majefty, during your life (which God preferve) and the fame, together with the faid hereditary duties of excife, are thereby fubjected to the faid weekly payment of three thousand Seven hundred pounds, in the manner therein mentioned, during the faid term of five years; and it was thereby further declared, That from and after the expiration of the faid term of five years, so much money as, together with the faid payments after the rate of three pounds per centum per annum, fhould make up the fum of three thousand feven hundred pounds for every week, during your Majesty's life, fhould and might be taken out of the faid hereditary duties of excife, and out of the faid duties of excife granted for your Majesty's life, and either or any of them, and the faid payments, after the rate of three pounds per centum per annum, being deducted out of the hereditary part thereof, the refidue of the faid three thousand feven hundred pounds a week should be applied and difpofed of, to and for the publick use and service, as by the faid feveral acts (relation being thereunto respectively had) may more fully appear.

III. Now we your Majesty's most dutiful and loyal subjects the commons of England in parliament affembled, being defirous by the most eafy means that are poffible to raise the money which is neceffary for carrying on the prefent war, and supplying your Majesty's important occafions, do cheerfully and unanimously grant unto your Majefty a further aid to arife by contributions for annuities to be purchased in the manner and

form

form herein after mentioned; and do humbly befeech your Ma-
jefty that it may be enacted; and be it enacted by the Queen's
moft excellent majesty, by and with the advice and consent of
the lords ípiritual and temporal, and commons, in this prefent
parliament affembled, and by the authority of the fame, That
from and after the five and twentieth day of December, in the Aid granted,
year of our Lord one thousand seven hundred and five, the faid from 25 De-
full, clear, and entire weekly fum of three thoufand feven hun- cember, 1705.
dred pounds, out of all the monies arifing by the faid hereditary
duties of excife, and by the faid duties of excife payable during
her Majefty's life, and by every and any of them, according to
the tenor and direction of the act of parliament above recited in
that behalf, and from and after her Majesty's decease, then the
like full, clear, and entire weekly fum of three thousand seven
hundred pounds of lawful English money, out of all the monies
to arife by the faid hereditary duties of excife, and every or
any of them, from time to time for ever, fhall be brought and
paid by the commiffioners, farmers, receiver and receivers ge-
neral for the time being of the faid several duties of excife (who
are hereby required and enjoined to bring and pay the fame
accordingly) into the receipt of the Exchequer diftinctly and fe-
parately from all other monies whatsoever, that are or shall be
payable by them into the faid receipt, the faid weekly fum or
payment of three thousand seven hundred pounds, to be brought
and paid into the faid receipt upon Wednesday, in every week,
if it be not an holiday, and if it be, then upon the next day
that is not an holiday, for the purposes in this act expreffed;
and in cafe in any week or weeks the whole receipt of the mo-
nies of the faid feveral branches or duties of excife hereby
charged as aforefaid, fhall not be fufficient to answer the week-
ly payment or payments hereby directed for fuch particular
week or weeks, that then and fo often the deficiency and defi-
ciencies thereof thall be fupplied and made good out of the
whole receipt of the faid particular branches of excife, and eve-
ry or any of them, arifing in the next week or weeks, when the
receipt or receipts fhall be fufficient to bear the fame.

IV. And it is hereby further enacted by the authority afore- Monies arifing
faid, That the commiffioners of excife for the time being, at by the faid
their head office in London, fhall from time to time separate and branches of
keep apart all the monies arifing by the faid particular branches excife to be
of excife herein before mentioned, as the fame shall from time kept apart,
and paid
to time arise or be paid into the faid office of excife by the re-weekly into
ceivers or collectors of the fame, or by any other perfon or per- the Exche-
fons whatsoever, and shall out of the monies fo arifing make the quer.
faid weekly payments into the Exchequer, for the ufes in this
act mentioned.

V. And be it further enacted, That if the faid commiffioners Penalty on of excife for the time being fhall refuse or neglect to pay or nonpayment: cause to be paid into the Exchequer the faid weekly fums hereby appointed, or fhall divert or misapply any part of the monies which fhould make good the fame, then they and every of them

1

Comptrollerof excife to keep count of the

a diftinct ac

monies.

Penalty.

Monies to be entred apart.

Annual fums

fo offending shall forfeit their several offices and places, and be incapable to serve the Queen, her heirs or fucceffors, in any office or place of truft or profit, and fhall be liable for every fuch offence to pay double the value of the money fo diverted or mifapplied, to any perfon or perfons who will inform or fue for the fame, by action of debt, or of the cafe, bill, fuit or information, in any of her Majesty's courts of record at Westminfter, wherein no effoin, protection, wager of law, or more than one imparlance fhall be granted or allowed.

VI. And be it enacted, That the comptroller of the excife for the time being fhall keep a perfect and distinct account, in a book or books fairly written, of all the monies which shall arise by the said particular branches of excife, out of which the faid weekly payments are to be made as aforefaid, as the fame fhall from time to time arise or be raised (to which books all persons concerned shall at all reasonable times have free accefs, without fee or charge) and fuch comptroller in default thereof fhall forfeit his office or place, and be rendred incapable as aforefaid, and fhall alfo forfeit and lofe the fum of two hundred pounds for every fuch default, to any person or persons who will inform or fue for the fame as is before mentioned.

VII. And be it further enacted by the authority aforefaid, That there shall be provided and kept in the office of the auditor of the receipt of the Exchequer one book, in which all the monies which ought to be paid in weekly as aforefaid, for or upon account of the faid weekly fums out of the faid particular branches of excife, and which fhall be brought to the faid receipt, shall be entred apart and diftinct from all other monies paid into the faid receipt on any other account whatsoever.

VIII. And it is hereby further enacted, That out of the mohow to be paid. ney of the faid hereditary duties of excife, arifing in or by such weekly payments at the Exchequer as aforefaid, the said annual fums, after the rate of three pounds per centum per annum, prescribed by the faid act, made in the parliament holden in the twelfth year of the reign of his faid late majefty King William the Third, fhall be fatisfied and paid according to the directions therein contained, and fubject to the power of redemption therein mentioned; and also out of all the monies of the said several branches of excife, arifing in or by the faid weekly payments, the several annuities to be purchased in pursuance of this act, fhall be paid and fatisfied, from and after the faid five and twentieth day of December, in the year of our Lord one thoufand feven hundred and five, for and during the then refidue and remainder of the feveral and refpective terms and estates, which by virtue of this act fhall be purchased of and in fuch annuities respectively; and that all the reft and refidue of the monies arifing by the said weekly payments, and which at the end of every year, reckoning the first year to begin from the faid five and twentieth day of December, in the year of our Lord one thousand seven hundred and five, fhall remain, after fatiffying or referving sufficient to satisfy all the payments which

fhall

shall be then incurred or grown due, as well for and upon the faid annual fums after the rate of three pounds per centum per annum, as alfo for and upon all the faid annuities to be purchased upon this act, fhall be applied and difpofed of to and for the publick use and fervice, and not otherwife.

at 15 years

IX. And for the raising any fum or fums of money, not exceeding one million eighteen thousand eight hundred fixty and seven pounds, eighteen fhillings, and fix pence; that is to fay, nine hundred thousand pounds thereof for carrying on the present war, and other her Majefty's occafions, and one hundred and eighteen thousand eight hundred fixty and seven pounds, eighteen fhillings, and fix pence, refidue thereof, for making good the quarterly payments herein after mentioned, to incur and grow due on and before the faid five and twentieth day of December, one thousand feven hundred and five; it is hereby further enacted by the authority aforefaid, That it fhall Perfons may and may be lawful to and for any perfon or persons, natives advance or foreigners, to contribute, advance and pay into the receipt of 1,018,8671. her Majefty's Exchequer, for her Majefty's ufe, at or before the 18s. 6d. for purchafing respective days and times by this act limited in that behalf, annuities for any fum or fums of money for or towards the faid fum of 99 years. one million eighteen thoufand eight hundred fixty and seven pounds, eighteen fhillings, and fix pence, for purchasing any annuity or annuities, to be fatisfied as in this act is mentioned, for and during the full term of ninety nine years to be reckoned from the five and twentieth day of March, in the year of our Lord one thousand feven hundred and four, at the rate of purchase, fifteen years purchase; which rate doth amount to the fum of one hundred and fifty pounds for every fuch annuity of ten pounds per annum, and proportionably for any greater to be paid into annuity: and the fame rate or confideration-money is hereby the Exche appointed to be paid into the faid receipt, at or before the quer, one third refpective days and times herein after mentioned, that is to fay, 1704. one o part on 1 May, one third part thereof on or before the first day of May, in ther third the year of our Lord one thousand seven hundred and four; part on 24 one other third part thereof on or before the four and twentieth June, 1704. day of June, in the faid year of our Lord one thousand seven third part on and four; and the remaining third part thereof, on or before 29 Sept. 1704. the nine and twentieth day of September, in the faid year of annuities fo Lord one thousand feven hundred and four. And the faid purchafed how annuities fo to be purchased, and every of them, fhall be paid be paid. and payable, from time to time, at the four most usual feasts of By 6 Geo. 1. the year, that is to fay, the feaft of the nativity of Saint John c. 4. f. 1. the Baptift, Saint Michael the archangel, the birth of our Lord South Sea Chrift, and the annunciation of the bleffed virgin Mary, by take in theje even and equal portions, the first payment thereof to be made annuities. at or for the feast of the nativity of Saint John Baptift, in the year of our Lord one thousand seven hundred and four; which faid annuities fhall, for the first year, and three quarters of a year, of the faid term of ninety nine years, be fatisfied and paid out of the monies to be advanced in pursuance of this act,

B 3

and the other

and when to

company may

purchase an

two lives at

act, whereof fufficient shall be reserved for that purpose; and
for all the reft and refidue of the said term of ninety nine years,
the faid annuities, and every of them, shall be paid and satisfied
out of the monies arifing by the weekly payments of excise
money before mentioned."

X. And for the raifing any further fum and fums of money, not exceeding three hundred thousand pounds, for carrying on the faid war, and other her Majefty's occafions, and alfo for raifing fuch monies as fhall be neceffary to discharge the quarterly payments, which during one year and three quarters of a year, to be reckoned from the faid five and twentieth day of March, one thousand seven hundred and four, fhall or may grow due upon the other annuities to be purchased, as is herein For railing a after mentioned; it is hereby further enacted by the authority further fum of aforefaid, That it fhall and may be lawful to and for any 300,000l. perfon or persons, natives or foreigners, to contribute, advance, Perfons may and pay into the faid receipt of her Majefty's Exchequer, for nuities for one her Majefty's ufe, at or before the refpective days and times, life at 9 years and by fuch proportions, as are before in this act appointed purchase, for for payment of the purchase monies for the annuities firft above mentioned, any fum and fums of money for purchasing any annuity or annuities for one life, at the rate of nine years purchase, or for two lives, at the rate of eleven years purchase, or for three lives, at the rate of twelve years purchase, or for fuch a certain term of ninety nine years, as aforefaid, at the rate of fifteen years purchase, at the election of fuch purchasers respectively; which faid rates do amount to the fum of ninety pounds for an annuity of ten pounds per annum for one life, and to the fum of one hundred and ten pounds for an annuity of ten pounds per annum for two lives, and the fum of one hundred and twenty pounds for an annuity of ten pounds per annum for three lives, and to the fum of one hundred and fifty pounds for an annuity of ten pounds per annum for the certain term of ninety nine years before mentioned, and proportionably for any greater annuities so to be purchased for fuch estates or interests refpectively.

11 years purchase, three lives at 12 years purchase, or for

99 years at 15 years purchafe.

Annuities to commence

from 25 Mar. 1704. and to be paid quarterly.

How the quar.

terly payments from 25 Mar. 1704. to 25 Dec. 1705.

XI. And it is hereby enacted, That all the faid annuities fo to be purchased for life, lives, or years, at the election of the purchafer, as aforefaid, fhall likewife commence from the faid five and twentieth day of March, in the year of our Lord one thoufand feven hundred and four, and fhall be paid and payable at the faid receipt of Exchequer, at the four usual feasts before mentioned, by even and equal portions, the first payment thereof to be alfo made at or for the faid feaft of the nativity of Saint John Baptift, in the year of our Lord one thousand feven hundred and four.

XII. And be it enacted by the authority aforefaid, That all the quarterly payments which fhall or may incur or grow due for or upon the annuities laft mentioned, within the faid time of one year, and three quarters of a year, to be reckoned fhall be paid, from the faid five and twentieth day of March, one thoufand

&c.

feven