
We Your Majesties most dutiful and loyal Subjects the Commons in Parliament assembled considering Your
Majesties extraordinary Occasions and being desirous to supply the same in such manner as may be least
grievous to Your Majesties Subjects do humbly present Your Majesty with the further Gift of the Impositions
Rates and Duties herein after mentioned and do beseech Your Majesty that it may be enacted and be it enacted by
the Kings most Excellent Majesty by and with the Advice and Consent of the Lords Spiritual and Temporal and the
Commons in this present Parliament assembled and by Authority of the same That there shall be throughout the
Kingdom of England Dominion of Wales and Town of Berwick upon Tweed raised levied collected and paid unto
His Majesty His Heirs and Successors for Salt the several additional Rates and Duties herein after mentioned
(over and above all other Duties already payable for the same by any Act or Acts of Parliament before this time
made and now in force) that is to say.An additional Duty of 5d. per Gallon on Salt imported, from 1st July 1698 to 25th Dec. 1699;For every Gallon of Salt that from and after the First Day of July One thousand six hundred ninety eight
and before the Five and twentieth Day of December which shal be in the Year of our Lord One thousand
six hundred ninety nine shall be imported into the Kingdom of England Dominion of Wales or Town of Berwick
upon Tweed the Sum of Five Pence of lawful English Money to be paid by the Importer and Importers thereof
and after that Rate for a greater or lesser Quantity.and from 24th Dec. 1699 for ever, 7d. per Gallon.And for every Gallon of Salt that from and after the Four and twentieth Day of December which shall be in
the Year of our Lord One thousand six hundred ninety and nine and in all times coming from thenceforth for
ever shall be imported as aforesaid there shall be paid to His Majesty His Heirs and Successors as a perpetual
Duty the Sum of Seven Pence of like Money to be paid by the Importer and Importers thereof and after that
Rate for a greater or lesser Quantity.For Home-made Salt, from 1st July 1698 to 25th Dec. 1699, 2½d. per Gallon.And for every Gallon of Salt and Rock Salt that from and after the said First Day of July One thousand six
hundred ninety eight and before the Five and twentieth Day of December which shall be in the Year of our
Lord One thousand six hundred ninety nine shall be made at the Salt Works or taken out of any Salt Pitt
or Pitts within the said Kingdom of England Dominion of Wales and Town of Berwick upon Tweed or sold or
delivered from the same there shall be paid to His Majesty the Sum of Two Pence Halfe peny of like Money
and after that Rate for a greater or lesser Quantity.And from 24th Dec. 1699 for ever, 3½d. per Gallon; subject nevertheless to Redemption.And for every Gallon of Salt and Rock Salt that from and after the Four and twentieth Day of December One
thousand six hundred ninety nine and in all times coming from thenceforth for ever shall be made at the Salt
Works or be taken out of any Pitt or Pitts within the Kingdom Dominion or Town aforesaid there shall be paid
to His Majesty His Heirs and Successors as a perpectual Duty the Sum of Three Pence Halfe peny of like Money
and after that Rate for a greater or lesser Quantity which said Duties upon Salt hereby granted shall nevertheless
be subject to such Condition and Power of Redemption as are hereafter in this Act conteined.
II. 
Imported Salt landed before due Entry, &c. forfeited, and Penalty.; Importer giving Security, to have Six Months for Payment; and at the Rate of £10 per Cent. per Ann. for ready Money.
And be it further enacted by the Authority aforesaid That the several Duties hereby set on all Foreign and
imported Salt shall be from time to time satisfyed and paid by the Merchant or Merchants Importer or Importers
of the same in Ready Money upon his or their Entry or Entries made and before the landing thereof And that
in case any Foreign or imported Salt shall be landed or put on Shore out of any Ship or Vessel from beyond
the Seas before due Entry be made thereof with the Collector or Officer appointed or to be appointed for the said
Duties on Salt in the Port or Place where the same shall be imported or before the Duties hereby imposed be
fully satisfyed and paid or without a Warrant for the landing or delivering of such imported Salt first signed by
the Hand of the said Collector or Officer for the said Duty on Salt in the said Port and Place respectively That
all such imported Salt as shall be landed put on Shore and delivered contrary to the true Intent & Meaning
hereof or the Value thereof and also Ten Shillings for every Bushel of such Salt so landed put on Shore or
delivered and so in Proportion for any greater or lesser Quantity shall be forfeited and lost Nevertheless that all
and every Person and Persons importing any Salt into this Kingdom for which the aforesaid Duties are payable
by this Act shall have Six Months time for the Payment thereof from the time of the Importation giving Security
to the Person appointed to collect the same And in case such Importer shall pay Ready Money he shall have
after the Rate of Ten Ponnds per Centum per Annum out of the said Duties abated him.
III. 
How Penalties sued for, &c.; 12 Car. II. c. 24.
And be it further enacted by the Authority aforesaid That all the said Duties on Salt shall from time to time
for ever be within the Receipt Management and Government of the Chief Commissioners and Governors of the
Receipt of Excise for the time being And that all Collectors and other Officers necessary for the ascertaining
collecting and receiveing of the said Duties upon Salt shall be constituted and appointed under the Hands and
Seals of the said Commissioners and Governors of the Receipt of Excise for the time being or the major part of them
And that all Penalties and Forfeitures by this Act imposed concerning the said Duties upon Salt shall be sued for
recovered levyed and received or mitigated by the same Means Rules Ways and Methods as any Penalty or Forfeiture
is to be sued for or recovered as is mentioned expressed or directed to be recovered in and by one Act of Parliament
made in the Twelfth Year of the Reign of the late King Charles the Second intituled An Act for taking away
the Court of Wards and Liveries and Tenures in Capite and by Knights Service and Purveyance and settling a
Revenue on His Majesty in lieu thereof or by any other Law or Statute now in Force relating to the Revenue of
Excise and that as fully and amply to all Intents as if the several Clauses in the said Acts or any of them
contained were herein reenacted or repeated.
IV. 
And be it enacted That all Makers and Proprietors of Salt and Rock Salt within the Kingdom of England
Dominion of Wales and Town of Berwick upon Tweed shall from time to time make true Entryes with the said
Officers so to be appointed as aforesaid some or one of them of the Quantities of Salt so by them made or taken
out of any Pitt or Pitts and delivered or imported as aforesaid And shall likwise have a Warrant or Ticket under
the Hand and Seal of some one of the  Officers impowring such Maker or Proprieter of Salt to carry away the
same before such time as the said Salt made or taken out of any Pitt or Pitts within any the Places aforesaid or
any part thereof shall be removed or carryed from the respective Salt Works or Pits under the several Penalties
and Forfeitures herein after mentioned which said Warrant the said Officers are hereby required to give gratis and
without Delay unto the said Makers or Proprietors of such Salt upon Payment or giving Security for the Payment
of the Duties hereby granted within Six Months after such Entry made which Security the said Commissioners and
Officers are hereby authorized and required to accept upon such Entry as aforesaid.
V. 
Provided always That if any Person or Persons at the time of the Entry and Delivery of his or their Salt
shall pay down the Duty hereby imposed such Person or Persons shall be allowed at the Rate of Ten Pounds per
Centum per Annum for the same.
VI. 
How seized Salt to be disposed of.; If not claimed within Ten Days, forfeited, &c. One Moiety to the King, the other to the Seizer; or if claimed without Proof of Entry upon Oath, forfeited, as aforesaid.; Carrying away Salt before Entry and Warrant had; forfeited, and Penalty.
And be it further enacted by the Authority aforesaid That it shall and may be lawful for the said Officers so
appointed to seize all such Salt wth. shall from and after the said First Day of July One thousand six hundred ninety
eight be conveying or conveyed by Day or by Night either by Land or by Water before due Entry be made of
such Salt without Warrant Ticket or Licence obtained from the Commissioners of the said Dutyes upon Salt granted
by this Act their Collectors or Officers or some or one of them as aforesaid for the conveying or carrying the said
			Salt And the Salt that shall be so seized shall be brought to the Office appointed for the same Duties next
adjoyning to the Place where such Salt shall be seized there to be detained and kept And in case the Salt so
seized shall not be claimed by the true and lawful Owner thereof or by one deputed under his or their Hand within
Ten Days after Seizure the said Salt shall be absolutely forfeited to His Majesty His Heirs and Successors and shall
be sold the next general Day of Sale to be appointed by the Commissioners or their Officers respectively after the
said Days are expired the One Moiety or Half Part of the Proceed thereof (all necessary Charges being first deducted
out of the whole) to be paid to the Use of His Majesty His Heirs and Successors and the other Moiety or Half Part
to be paid to the Party or Parties who seized the same And in case such Salt so seized shall be claimed within
Ten Days by the true and lawful Owner thereof or by one deputed thereunto under his Hand and if the said Owner
or Claimer shall nevertheless neglect or refuse to make it appear before the next Justice of the Peace of the County
where such Seizure shall be made by the Oath of One or more credible Witnesses Which Oath the said Justices are
hereby impowred to administer that the said Salt so seized was or had been duly entred and a Warrant Ticket or
Licence obtained for the carrying and conveying the same as aforesaid that then the said Salt shall likewise be
forfeited to His Majesty His Heirs and Successors And every Person who shall carry or convey or cause any Salt to
be carryed and conveyed before due Entry made and Warrant or Licence obtained as aforesaid shall likewise forfeit
to His Majesty His Heirs and Successors double the Value and also Ten Shillings per Bushel and after that Rate of
and for such Salt so carryed or conveyed.
VII. 
And be it further enacted That no Retailer or Shopkeeper shall be permitted to ship any Salt to be sent to any
Port or Places within this Kingdom of England Dominion of Wales and Town of Berwick upon Tweed before he
hath made it appear by Oath or otherwise before the Commissioners for collecting of the said Duties granted by
this Act or their Officers or some or one of them (which Oath they have hereby Power to administer) that the
Duty of such Salt is paid or secured to be paid or that it was bought of some other Retailer or Shop-keeper that
hath paid the Duty.
VIII. 
If Ship be to deliver her Salt at different Ports, Officer to certify the same on Back of Cocquet.; Penalty.
And be it further enacted That all and every Master and Commander of any Ship or Vessell whatsoever that from
and after the said First Day of July One thousand six hundred ninety eight shall transport or carry any Salt or RockSalt from one Port to another within this Kingdom of England Dominion of Wales and Town of Berwick upon
Tweed shall before he or they have any Warrant for the landing or delivering of such Salt (by him transported
and carried on Shore in any Port) deliver to the Officers for collecting the said Duties granted by this Act in the
said Port appointed to receive the same a true Particular of the Quantity so transported and carryed as aforesaid
signed by the Officers for collecting the said Duties granted by this Act and by the Officers of the Customs of the
Port from whence the said Ship or Vessel came And then the Master or his Mate or the Boatswain of such Ship
or Vessel shall make Oath before the Commissioners for collecting the said Duties granted by this Act or their
Officers or some or one of them (who are hereby impowered to administer the same) that to his Knowledge there
hath not been laid on Board or taken into the said Ship or Vessel any Salt since he or they came from such Port
as aforesaid And in case such Ship or Vessel be to deliver One Part of her Salt at one Port and another Part at
another Port or Ports that then the Officers for collecting the said Duties and the Officers of the Customs when
such Part of the said Salt shall be delivered shall certify on the Back-side of the Cockquet Transire or other
Warrant or else by Certificate alone under the Hands and Seals of the Officers how much and what Quantity of the
Salt mentioned in the Dockquet Transire or other Warrant from the Port from whence such Ship and Vessel came
hath been there landed and delivered upon  Penalty of forfeiting Double the Value of the Salt that shall be otherwise
delivered and likewise Ten Shillings per Bushel and after that Rate as aforesaid.
IX. 
And be it further enacted That no Fee or Reward be had or taken for making issuing or granting any Debentures
Tickets Warrants or Licences concerning the Duties upon Salt but that the same be made issued and granted gratis
and without Delay.
X. 
Provided always and be it enacted by the Authority aforesaid That for all such Fish hereafter mentioned as
shall be exported from any Port or Place in this Kingdom Dominion of Wales or Town of Berwick upon Twee
into Parts beyond the Seas by any Person or Persons whatsoever the Rates or Sums of Money hereafter expressed
shall by virtue of this Act be allowed and paid (over and above the Allowances for Fish by any former Acts now in
being) that is to say.
For every Cask of Pilchards or Scads, from 1st July 1698 to 25th Dec. 1699, 20s.; and after 24th Dec. 1699, 28s
For every Cask or Vessel of Pilchards or Scads containing Fifty Gallons which shall be exported after the said
First Day of July One thousand six hundred ninety eight and before the Five and twentieth Day of December which
shall be in the Year of our Lord One thousand six hundred ninety nine the Sum of Twenty Shillings And for
every such Cask or Vessel of Pilchards or Scads which shall be so exported after the Four and twentieth Day of
December One thousand six hundred ninety nine at any Time or Times whatsoever the Sum of Eight and twenty
Shillings and so proportionably for a greater or lesser Quantity.
For every Barrel of White Herrings, from 1st July 1698 to 25th Dec. 1699, 4s. 2d., and from 24th Dec. 1699, 5s. 10d.
For every Barrel of White Herring which shall be exported after the said First Day of July One thousand six
hundred ninety eight and before the Five and twentieth Day of December One thousand six hundred ninety nine
the Sum of Four Shillings and Two Pence And for every such Barrel of White Herring which shall be so exported
at any Time or Times after the Four and twentieth Day of December One thousand six hundred ninety nine the
Sum of Five Shillings and Ten Pence and so proportionably for a greater or lesser Quantity of White Herrings.
For every Barrel of Red Herrings, from 1st July 1698 to 25th Dec. 1699, 3s. 4d., and after 24th Dec. 1699, 4s. 8d.
For every Barrell of Red Herring which shall be exported after the said First Day of July One thousand six
hundred ninety eight and before the Five and twentieth Day of December One thousand six hundred ninety nine
the Sum of Three Shillings and Four Pence And for every Barrel of Red Herring which shall be exported at any
Time or Times after the Four and twentieth Day of December One thousand six hundred ninety nine the Sum of
Four Shilling and Eight Pence and so proportionably for a greater or lesser Quantity of Red Herrings.
For every Barrel of Salmon, from 1st July 1698 to 25th Dec. 1699, 8s. 4d., after 24th Dec. 1699, 11s. 8d
For every Barrel of Salmon which shall be exported after the said First Day of July One thousand six hundred
ninety eight and before the Five and twentieth Day of December One thousand six hundred ninety nine the Sum
of Eight Shillings and Four Pence And for every Barrell of Salmon which shal be exported at any Time or Times
after the Four and twentieth Day of December One thousand six hundred ninety and nine the Sum of Eleven
Shillings and Eight Pence and so proportionably for a greater or lesser Quantity of Salmon.
For every 100 of Codfish, &c. after 1st July and before 25th Dec. 1699, 25s., after 24th Dec. 1699, 35s.
And for every Hundred of Codfish Ling or Hake which shall be exported after the said First Day of July One
thousand six hundred ninety eight and before the Five and twentieth Day of December One thousand six hundred
ninety nine the Sum of Five and twenty Shillings And for every Hundred of Codfish Ling or Hake which shall be
exported at any Time or Times after the Four and twentieth Day of December One thousand six hundred ninety nine
the Sum of Five and thirty Shillings and so proportionably for a greater or lesser Number or Quantity.
For every Last of dried Red Sprats, after 1st July 1698, 6s. 8d.
For every Last of Dryed Red Sprats which shal be exported after the said First Day of July One thousand six hundred
ninety eight the Sum of Six Shillings and Eight Pence and so proportionably for a greater or lesser Quantity.
Allowances to be paid in Port from whence exported, as herein mentioned.; Oath of Exporter that Fish were English-taken, &c. before Debenture allowed.; No Fee for Debenture.; Proceeding, where Officer has not sufficient Money to pay.; Officer refusing, &c. to pay Debenture, Penalty.
Which Allowances by this Act shall be paid by the Officer appointed to collect the Duties upon Salt payable by
this Act in the same Port from whence any such Fish shall be exported within Thirty Days after Demand thereof
on a Debenture to be prepared by the Collector of the Customs in the Port where such Fish shall be entred out
for Exportation and verified by the the Person executing the Office of Searcher in such Port as to the Quantity of
Fish actually shipped And that the Oath of the Exporter or Agent be first taken before the principal Officers of
the said Port before the Debenture be allowed who are hereby required and impowred to give the said Oath That
the Fish in such Debenture mentioned were English taken and really exported to Parts beyond the Seas and not
intended to be relanded in England Wales or Berwick for which Debenture no Fee or Reward shall be taken
And in case the Officer hereby directed to pay such Debenture shall not have sufficient Money in his Hands to pay
the same then upon Certificate thereof by him made (which Certificate he is hereby required to give the Party
gratis and without Delay) the principal Commissioners for for manageing the Revenue of Excise of His Majesty His
Heirs and Successors for the Time being shall be chargeable with the said Payment to be made in course out of
the first Money in their Hand arising out of the said Duties upon Salt. And any Officer neglecting or refusing to
pay the said Money or to give such Certificate as is here directed shall forfeit double the Sum so to be paid to.
the Party grieved to be recovered by Action of Debt Bill Plaint or Information wherein no Essoign Protection or
Wager of Law shall be allowed.
XI. 
Debenture given on Production of Certificate, without Fee.; Upon Production of Debenture, Security discharged.
Provided always and be it enacted by the Authority aforesaid That if any Person or Persons shall export beyond
the Seas  aswell Foreign as English or any Rock Salt the Officer of the Place where the said Salt was made taken
out of Pits or imported and the Duty thereof paid or secured to be paid shall upon Demand deliver gratis and
without Delay a Certificate under his Hand and Seal That the Duty imposed by this Act on such Salt hath been
duly paid or secured to be paid and then the Officer of the Place where the Salt is exported upon producing the
said Certificate and Oath made of shipping off the said Salt and of its not being relanded in England or Wales
shall give a Debenture under his Hand without Delay Fee or Reward for Repayment of the said Duty which being
produced to the Officer of the Place where the Duty on the said Salt shall have been paid or secured to be paid
such Security shall be discharged and all and every Sum and Sums of Money paid for the Dutie of the said
Salt by this Act shall be repaid upon Demand by the said Officer without Fee or Reward.
XII. 
Scotch Salt to be entered at Carlisle or Berwick.
And be it enacted and declared That all Salt imported or brought by Sea or Land into the Kingdom of
England Dominion of Wales or Town of Berwick upon Tweed and not of the Product of any of the said Places
shall be adjudged and deemed to be Foreign Salt imported and shall be charged as such with the higher Duties
by this Act charged upon Salt imported and that all Scotch Salt brought  by Land shall be entred at Carlisle
or Berwick with the Officer or Officers for that Purpose there to be appointed under the Penalty of Forfeiture of
Double the Value of and after the Rate of Ten Shillings per Bushel for such Salt so bought in.
XIII. 
General Issue may be pleaded.; Double Costs.
Provided always and be it enacted That if any Person or Persons shall at any time be sued or prosecuted for
any thing by him or them done or executed in pursuance of this Act he or they shall or may plead the General
Issue and give this Act in Evidence for his Defence and if upon a Tryal a Verdict shall pass for the Defendant
or Defendants or the Plaintiff or Plaintiffs be nonsuit discontinue or forbear prosecuting the said Actions then such
Defendant or Defendants shall have double Costs to him or them awarded against such Plaintiff or Plaintiffs for
which Costs he shall have such Remedy as in other Cases where Costs are by Law given to Defendants.
XIV. 
Provided also and be it enacted that no Writt or Writs of Certiorari shall supersede Execution or other
Proceedings upon any Order or Orders made by the said Chief Commissioners or Justices of the Peace concerning
the said Duties upon Salt in pursuance of this Act but that Execution and other Proceedings shall and may be
had and made thereupon Any such Writ or Writs or Allowance thereof notwithstanding.
XV. 
And be it enacted That no Salt shall be delivered from any Salt Works or Pitts without Notice first given to
the Officer appointed for that Purpose upon Pain of forfeiting of the Salt so delivered and after the Rate of Ten
Shillings per Bushel for the same to be recovered from the Owner or Owners of the Salt-Works or Pits where
such Salt shall be so delivered the One Moiety or Half Part of which Forfeitures to be to the Use of the
Prosecutor and the other Moiety or Half Part to the Use of His Majesty His Heirs and Successors.
XVI. 
Penalty.
And be it further enacted by the Authority aforesaid That if any of the Salt for which the Duty shall have
been repaid or discharged upon the Exportation thereof as is herein before directed shall (by Fraud or otherwise)
be landed in England Dominion of Wales or Town of Berwick upon Tweed before the Duty be again paid and
such Entry and all other things performed as herein before required in case where any Foreign Salt is imported
every Person so offending shall forfeit Double the Value (and after the Rate of Ten Shillings per Bushel) of
such Salt so landed and such other Penalties and Forfeitures as are herein inflicted upon any Person who shall
land any Foreign Salt contrary to the true Intent and Meaning of this Act.
XVII. 
And be it further enacted by the Authority aforesaid That if any Merchant or other Person being a Subject
of this Realm of England shall ship any Salt or Rock Salt that shall have paid the Duty to His Majesty His
Heirs or Successors by this Act imposed to convey it by Sea to any part of England and the Vessel on which
such Salt as aforesaid is Shipt shall either perish by Sea or be taken by Enimyes with such Salt on board her
that in such case any Merchant or Person Owner of the said Salt shall upon Proof made before the Justices of
the Peace at the Quarter Sessions held for the County Riding Division or Town wherein he doth inhabit of the
Loss of such Salt so shipped receive from the said Sessions a Certificate that such Proof was made before them
and upon producing the said Certificate to any of the Officers appointed to collect the Duty by this Act imposed
the said Officer or Officers are hereby required to let such Persons buy the like Quantity of Salt as is expressed
in the Certificate to be lost without paying to His Majesty His Heires or Successors any Duty or Excise for the
same Any thing in this Act contained to the contrary notwithstanding.
XVIII. 
Warrant had without Fee.
Provided also and be it enacted That it shall and may be lawfull for the Owners and Proprietors of any
Salt-Rock or Rock-Salt to remove and carry out of and from Pits or Ware-Houses adjoyning to or belonging to
such Pits into his or their own Ware-houses or other Places for storing thereof for Conveniency of selling or
shipping off the same any of the said Salt-Rock or Rock-Salt after due Entry made thereof and a Warrant or
Ticket taken for the same from the Officer next to such Salt Pits which Warrant or Ticket the said Officer
is hereby required upon Demand to give without Fee or Reward as aforesaid and that the said Owners or Proprietors
shall not be obliged to pay or secure the Payment of the said Duty until such time as the said Salt-Rock or
Rock Salt shall be sold and delivered as aforesaid.
XIX. 
And be it further enacted by the Authority aforesaid That no Person or Persons whatsoever shall be obliged by
virtue of any Contract made at any time before the Five and Twentieth Day of December One thousand six
hundred ninety eight to deliver any Salt or Rock-Salt unless the Person who is to receive the same shall before
or at the time of Delivery of the same by such Contract Pay to the Seller thereof such Sum or Sums as he
shall have paid or secured to pay for so much of the Duties thereupon as are imposed by virtue of this Act.
XX. 
And whereas Salt-Rock or Rock-Salt taken out of Pits in such great Lumps that cannot be measured without
breaking the same to Powder would be great Loss to the Proprietors thereof be it therefore enacted That all
Salt-Rock or Rock-Salt taken out of Pits shall be entred by Weight only and that One hundred and Twenty
Pounds Weight thereof shall be deemed and taken to be a Winchester Bushel of Eight Gallons Winchester
Measure and shall be entred rated and taxed accordingly.
XXI. 
And to the Intent that Salt made by melting and refining of Rock-Salt may not contrary to the true Intent
and Meaning of this Act be charged more than other English Salt Be it further enacted by the Authority aforesaid
That where any such Rock-Salt shall be melted and refined which had before paid the Duty imposed by this
Act according to the Direction of the same the Person who shall make such Salt by refining shall (over and
above his Allowance by any former Act) receive by virtue of this Act an Allowance and Abatement of the Duty
on the Salt by him so made after the Rate and Proportion of Two Shillings and Four Pence for every Bushel
of such Rock-Salt so melted and refined which had paid the Duty as aforesaid And being weighed in the Presence
of the Officer before melted down and Oath being first made before some Justice of the Peace near adjoyning
to such Salt-works of the particular Quantities of the said Rock-Salt so by him imployed in making the said Salt
by refining which Oath the said Justice of the Peace is hereby impowred to administer and upon due Proof by
Oath or otherwise made of the Payment of the Duty imposed by this Act.
XXII. 
Provided always and be it enacted That it shall and may be lawful to and for His Majesty His Heirs and
Successors or to or for the Commissioners of the Treasury or any Three or more of them or the Treasurer of
the Exchequer for the time being out of the said Duties arising upon Salt by this Act to cause such Sum and
Sums of Money to be expended and paid from time to time for Salaries or other incident Charges as shall be
necessary in and for the receiving collecting levying or manageing of the same Duties upon Salt Any thing in
this Act contained to the contrary notwithstanding.
XXIII. 
And it is hereby declared and enacted by the Authority aforesaid That all Salt made from Rock-Salt (allowing
the Draw-back for the same as in this Act is mentioned) and all refined Salt or Salt made from Salt either imported
or made in England is and is intended to be charged and chargeable with the said Duties by this Act granted
Any thing herein contained to the contrary notwithstanding.
XXIV. 
And to the end the said Duties upon Salt may be equally paid It is hereby declared and enacted by the
Authority aforesaid That all Salt att all Salt works and Salt pits (Rock-Salt excepted) shall be ascertained as
to the Payment of the said Duty by this Act at the Rate of Fifty six Pounds Weight to the Bushell and
no more.
XXV. 
And be it further enacted and declared by the Authority aforesaid That all Salt whether brought from Scotland
by Land and also all imported Salt whether the same be of the Product or Manufacture of this Kingdom or of
the Dominion of Wales or Town of Berwick upon Tweed brought in landed or put on Shore before due Entry
made with the Officers appointed to receive the same and Payment of the Duties by this Act imposed shall be
forfeited and after the Rate of Ten Shillings per Bushel for such Salt to be recovered from the Offender (to wit)
one Moiety thereof to His Majesty His Heirs and Successors and the other Moiety thereof to him or them that shall
or will seize inform or sue for the same Any thing in this Act to the contrary in any wise notwithstanding.
XXVI. 
Weighers to be sworn; Justice may administer Oath; Collector to pay Weigher.
And for the better ascertaining the said Duties on Salt according to the Bushel of Fifty six Pounds Weight
herein before declared in all Parts and Places where any Salt-work or Salt-pit is or shall be Be it enacted by
the Authority aforesaid That every Collector or Officer appointed to receive and collect the said Duties upon Salt
shall provide at every such Salt-work or Salt-pit a sufficient Beam Scale and Weights or Stileard and shall have
liberty to fix the same in some convenient Place in or about such Salt-work or Salt-pit for the weighing all Salt
that shall be delivered from such Salt-work or Salt-pit And that one or more Person or Persons (as occasion shall
require) living in or near such Salt-work or Salt-pit shall be admitted and sworn to the due and true weighing all
Salt from thence to be delivered before one or more Justice or Justices of the Peace near adjoyning (which Oath
he or they are hereby impowred to administer) without Fee or Reward And such Weigher & Weighers shall be
satisfied and paid for their pains in weighing such Salt by the said Collector or Officer for the said Duties.
XXVII. 
And whereas the Carriers of Salt do frequently load several Horses with Salt at one Salt-Work and at one
time for which they have had but one Warrant or Permit and are often obliged for convenient Carriage of the
said Salt to several Places to seperate the said Horses and to drive them several Roads by which means some of
the said Salt may be liable to Seizure For the Prevention therefore of such Inconveniencies to the said Carriers
It is hereby enacted and the said Officers are hereby strictly charged and required to deliver gratis and without
Delay such and so many several Warrants or Permits to each Carrier of Salt as he shall demand for such several
Horse-Loads of Salt as he shall load at one Time and at one Salt-Work.
XXVIII. 
And be it enacted by the Authority aforesaid That all Persons selling Salt made for Use (except Foreign Salt)
shall sell the same after the Rate of Fifty six Pound Weight to the Bushel and not otherwise and so in proportion
for a greater or lesser Quantity And that every Person offending therein shal for every such Offence forfeit the
Sum of Five Pounds to the Informer to be sued for and recovered in such manner as other Forfeitures by this
Act are to be sued for and recovered.
XXIX. 
And Justices of Peace, in their General Sessions, for other Places; And the said Lord Mayor, Aldermen, and Justices in Sessions, by Writing, may alter and correct Rates;which Rates are to be observed; Selling for higher Prices,; Penalty £5.; Distress.; In Default of Distress,; Imprisonment until Penalty paid.
And for the preventing of Exactions upon Sale of Salt in this Kingdom and to have the Rates and Prices
thereof ascertained Be it further enacted and declared by the Authority aforesaid That the Lord Mayor and Court
of Aldermen of the City of London shall and may (and are hereby required in the Court of Aldermen within the
City of London upon or before the Tenth Day of July in the Year of our Lord One thousand six hundred
ninety eight) set ascertain and publish in Writing certain reasonable Rates and Prices upon all Salt to be sold or
exposed to sale after the said Tenth Day of July in the City of London and Precincts thereof and the Bills of
Mortality And that the respective Justices of the Peace for the respective Counties Ridings Divisions Cities and
Places within the Kingdom of England Dominion of Wales and Town of Berwick upon Tweed shall and may (and
are hereby required upon or before the First Day of August in the Year of our Lord One thousand six hundred
ninety eight at the several and respective General Sessions of the Peace for the said several and respective Counties
Ridings Divisions Cities and Places wherein they are or shall be Justices of the Peace) set ascertain and duly publish
in Writing certain reasonable Rates and Prices upon all Salt to be sold or exposed to sale after the said First
Day of August One thousand six hundred ninety eight within the said several and respective Counties Ridings
Divisions Cities and Places wherein they are or shal be Justices of the Peace And that the Lord Mayor of London
and the said Court of Aldermen in the Court of Aldermen and that the said respective Justices of the Peace of
the several and respective Counties Ridings Divisions Cities and Places aforesaid as aforesaid at the several and
respective General Sessions of the Peace for the said several and respective Counties Ridings Divisions Cities and
Places wherein they are or shall be Justices of the Peace shall and may and are hereby required from time to time
(if necessary) at the several and respective General Sessions of the Peace for the said severall and respective
Counties Ridings Divisions Cities and Places from and after the said First Day of August One thousand six hundred
ninety eight by Writing duly made and published alter and correct the Rates and Prices of all Salt to be sold
and exposed to Sale in the said several and respective Places which Rates and Prices which shall be so set ascertained
altered and corrected are hereby enacted and required to be observed accepted received and taken by all and every
Person and Persons selling or exposing to sale any Salt within the Kingdom of England Dominion of Wales or
Town of Berwick upon Tweed And if any Person or Persons shall sell any Salt at any higher Price or Rate or
refuse to sell any Salt at the Prices and Rates aforesaid such Person and Persons so offending shall for every
such Offence forfeit and pay the Sum of Five Pounds to be levied out of the Goods and Chattells of such Offender
or Offenders by Distress and Sale thereof by Warrant under the Hand and Seal of the Lord Mayor of the City
of London or of any Justice or Justices or the Peace for the Place or Places wherein such Offence shall be
committed or Distress shall be to be made And in default of sufficient Distress for the same It shall and may be
lawful by Warrant under the Hand and Seal from the Lord Mayor of the City of London or from any  Justice
of the Peace as aforesaid to imprison the said Offender or Offenders until such Offender or Offenders shall pay
the said Sum of Five Pounds one Moiety of which Sum of Five Pounds is hereby enacted to be paid to the Use
of our Soveraign Lord the King and the other Moiety thereof to be paid to such Person or Persons as shall
inform and prosecute for the same before the said Lord Mayor of London or the said respective Justices as
aforesaid.
XXX. 
The Duties on Salt by this Act granted, and the Stamp Duties of Cap. 25. ante, to be kept apart, and paid Weekly into the Exchequer.
And whereas in and by one other Act of this present Session of Parliament (intituled An Act for granting to
His Majestie His Heires and Successors further Duties upon Stampt Velum Parchment and Paper) several Rates
Impositions Duties Charges and Sums of Money therein particularly expressed are to be paid for and upon such
Matters and Things as are therein mentioned for ever but subject to such Power of Redemption as in and by any
other Act of this Session of Parliament was or should be declared or provided concerning the same And whereas
it is thought reasonable for the Satisfaction Recompence and Encouragement of such Persons and Corporations
(the Corporation of the Bank of England only excepted) as will voluntarily contribute and advance Moneys for
or towards the raising the Sum of Two Millions of Pounds Sterling for the Supply of His Majesties extraordinary
Occasions to settle and establish a good sure and lasting Fund out of which the said Persons and Corporations
contributing or advancing Money as aforesaid and their Executors Admistrators Successors and Assigns respectively
may have receive and enjoy certain Annuities or yearly Payments to be computed after the Rate of Eight Pounds
per Centum per Annum for the Moneys so by them to be contributed or advanced and such Special Benefit of
Trade and other Advantages as are hereafter in this Act expressed subject nevertheless to such Power of Redemption
as in this Act is provided in that behalf Be it therefore enacted and it is hereby enacted by the Authority aforesaid
That the Commissioners and Governors of the Revenue or Receipt of Excise for the time being at the Head Office
in London from time to time shall seperate and keep apart all and every the Sum and Sums of Money arising
by the several Rates and Duties for or upon Salt and Rock-Salt by this Act granted as the same shall from time
to time arise or be paid into the said Office of Excise by the Receivers or Collectors of the same or by any
other Person or Persons whatsoever And that the Chief Commissioners for marking and stamping of Velum Parchment
Paper or for Manageing the Duties thereupon for the time being shall at their Head Office cause to be seperated
and kept a part in like manner all and every the Moneys ariseing by the respective Rates and Duties granted by
the Act before mentioned for and upon Velum Parchment and Paper as the same shall from time to time arise or
be paid into their Office And as well the said Commissioners and Governors of Excise as the said Commissioners
for the said Duties upon Velum Parchment and Paper respectively for the time being are hereby required and
strictly enjoyned from time to time for ever to pay weekly to wit on Wednesday in every Week if it be not a
Holiday and if it be then the next Day after that is not an Holiday all and every the Moneys arising as well by the
several and respective Rates and Duties hereby granted for or upon Salt and Rock-Salt as the said several Duties
granted or payable by the Act herein before mentioned for and upon Stampt Velum Parchment and Paper respectively
into the Receipt of the Exchequer of His Majesty His Heirs and Successors distinct and apart from all other Moneys
which the Commissioners shall severally receive for the Use of His Majesty His Heirs or Successors.
XXXI. 
And be it further enacted by the Authority aforesaid That there shall be from time to time for ever provided
and kept in the Exchequer (that is to say) in the Office of the Auditor of the Receipts several Books in which
all the Moneys which ought to be paid in Weekly as aforesaid and which shall be brought into the same Receipt
shall be entred apart and distinct from all other Moneys paid or payable to His Majesty His Heirs and Successors
upon any Account whatsoever.
XXXII. 
And be it further enacted That if the said Commissioners of Excise or the said Commissioners for the Duties
on Velum Parchment and Paper for the time being respectively shall refuse or neglect to pay or cause to be paid
into the Exchequer all or any the Sums appointed to be paid by them severally as aforesaid in such manner
as they are respectively required by this Act or shall divert or misapply any part of the same then they and every
of them so offending shall forfeit their several Offices and Places and shall be incapable to serve His Majesty His
Heirs of Successors in any Office or Place of Profit or Trust whatsoever and shall be liable to pay double the
Value of all and every Sum and Sums of Money so diverted or misapplyed to any Person or Persons Body
Politick or Corporate who shall be intituled to any Annuity or Payment out of the Fund by this Act settled and
will sue for such Forfeiture by Action of Debt or of the Case Bill Suit or Information founded upon this Act
in any Court of Record of His Majesty His Heirs or Successors wherein no Essoign Protection Wager of Law or
more than one Imparlance shall be granted or allowed.
XXXIII. 
And be it further enacted by the Authority aforesaid That the Head Office of Excise and the  Office for
the said Duties of Velum Parchment and Paper shall for ever be continued with a sufficient Number of Commissioners
and a Comptroller in either of them for performing and executing such Matters and Things as are by this Act
enjoyned to be done or performed by such Commissioners and Comptrollers respectively according to the true
meaning hereof.
XXXIV. 
Neglecting, Forfeiture of Office, Incapacity, and Penalty £100.
And be it enacted That the respective Comptrollers in the said Offices for the time being shall keep perfect
and distinct Accounts in Books fairly written of all the Moneys which shall arise of or for the said Duties upon
Salt and of or for the said Duties upon Velum Parchment and Paper respectively as the same shall from time
to time arise or be raised to which Books all Persons concerned shall have free access at all seasonable times
without Fee or Charge and if any such Comptroller as aforesaid shall neglect his Duty therein then he or they
for such Offence shall forfeit his Office or Place and be rendred incapable as aforesaid and shall also forfeit the
Sum of One hundred Pounds to any Person or Persons Body Politick or Corporate intituled to any Annuity or
Payment by this Act and that will sue for the same as aforesaid.
XXXV. 
Misapplying any Part of Money, Dismission, Incapacity, and Penalty.
And be it further enacted That if any Collector or Receiver of any the Duties by this Act granted upon Salt
or Rock Salt or of any the further Duties granted by the Act before mentioned for or upon Velum Parchment
and Paper shall detain all or any Part of the Moneys by him collected or received contrary to his Duty then
he or they for such Offence shall be dismissed from his Imployment and be charged with Interest for the same
after the Rate of Twelve Pounds per Centum per Annum and be liable to answer. Treble Damages to all and
every Person and Persons Bodies. Politick and Corporate that shall be grieved by such Detention and if any
Collector or Receiver of any the said Duties upon Salt Rock Salt Velum Parchment and Paper shall divert or
misapply all or any Part of the Moneys by him collected or received contrary to the true Meaning of this Act
then he or they for every or any such Offence shall be dismissed from his Imployment and rendred incapable
to serve His Majesty His Heires and Successors as aforesaid and shall moreover forfeit Double the Sum or Sums
so by him or them diverted or misapplied to any Person or Persons Body Politick or Corporate who shall be
intituled to any Annuity or Payment out of the Fund by this Act settled and will sue for the same as aforesaid.
XXXVI. 
And be it enacted by the Authority aforesaid That Yearly and every Year reckoning the First Year to begin
from the Nine and twentieth Day of September which shall be in the Year of our Lord One thousand six hundred
ninety eight the full Sum of One hundred and sixty thousand Pounds by or out of the Money to arise by
the said several Duties as well upon Salt and Rock Salt by this Act granted as upon Velum Parchment and
Paper granted by the Act as aforesaid and every of them and to be brought into the Receipt of Exchequer
by Weekly or other Payments as aforesaid (in case the same Payments shall extend thereunto) shall be the whole
and entire Yearly Fund and in case the said Weekly or other Payments shall not amount to One hundred sixty
thousand Pounds per Annum then the said Weekly Moneys or Payments so farr as the same will extend shall be
part of the Yearly Fund for and towards the answering and paying the severall and respective Annuities or Yearly
Payments in this Act hereafter expressed.
XXXVII. 
Officers of the Exchequer not issuing, or misapplying the Money, Dismission, Incapacity, and Penalty.
And be it further enacted That all the Sums of Money arising by the said several Duties upon Salt RockSalt Velum Parchment and Paper as aforesaid which shall be from time to time brought into the Receipt of
Exchequer or so much thereof as shall be sufficient to make upp and compleat the said Yearly Fund of One
hundred and sixty thousand Pounds or the proportionable part thereof to be payable in respect of the Moneys
which shal be actually advanced in pursuance of this Act shall be appropriated set apart and applied and the same
are hereby appropriated for and toward the raising and making good of the said Yearly Fund or such proportionable
part of the same & shall be issued & paid out of the said Receipt of Exchequer by the respective Officers of
the same without any Fee or Charge and without any further or other Warrant to be sued for had or obtained
from His Majesty His Heirs or Successors in that behalf and shall be applied to and for the Uses and
Purposes in and by this Act expressed and intended and to no other Use Intent or Purpose whatsoever and
that the respective Officers in the Exchequer who shall make any Delay in issuing or paying the said Money
to the said Uses by this Act intended or shall be guilty of diverting or misapplying any of the said Moneys to
any other Use or or Purpose contrary to this Act for any such Offence shall be forejudged from their respective
Offices and Places and be rendred uncapable to serve His Majesty His Heires and Successors as aforesaid and
also shall be liable to pay double the Value of any Sum or Sums so delayed to be paid or so diverted or
misapplied as aforesaid to any Corporation or other Person or Persons that shall be grieved thereby and who shall
sue for the same to be recovered as aforesaid.
XXXVIII. 
Commissioners to provide Books for the said Subscriptions; to lie open every Day (except Sundays) until 29th Sept. 1698, unless the £2,000,000 be sooner completed; His Majesty may appoint a Cashier to receive the Money subscribed.
And be it further enacted by the Authority aforesaid That it shall and may be lawful to and for His Majesty
by Commission under the Great Seal of England to authorize and appoint any Number of Persons to take and
receive all such voluntary Subscriptions as shall be made on or before the sd. Nine and twentieth Day of
September One thousand six hundred ninety eight by or for any Person or Persons Natives or Foreigners Bodies
Politick or Corporate (The Governor and Company of the Bank of England only excepted) of any Sum of
Money whatsoever not less than One hundred Pounds for and towards the raising and paying into the said Receipt
of Exchequer the said Sum of Two Millions which Commissioners are hereby ordered and directed as soon as
conveniently they can to provide and prepare one or more convenient House or Houses within the Cities of London
and Westminster or one of them to be the Public Office or Place Offices or Places to which all or any Persons
shall or may resort for the making of the said Subscriptions and to give such Publick Notice thereof as they the
said Commissioners or any Five or more of them shall think will most conduce to the promoting the said
Subscriptions And the said Commissioners for taking Subscriptions are hereby directed as soon as conveniently
may be to provide or cause to be provided one or more Book or Books made of Velum or Parchment for the
said Subscriptions to be made thereupon which Book or Books shall from thenceforth lie open every Day in the
Week (Sunday only excepted) at the said Publick Office or Offices aforesaid daily and from the Hour of Eight
to the Hour of Twelve in the Morning and from the Hour of Two to the Hour of Six in the Afternoon of each
Day untill the said Nine and twentieth Day of September One thousand six hundred ninety eight unless the
Subscriptions for the whole Sum of Two Millions shall be sooner compleated And that it shall and may be
lawful to and for His Majesty by His Commission aforesaid to direct the Commissioners how and in what manner
they shall proceed to execute the same in all Matters and Things relating to this Service. And by the same
Commission or by Letters of Privy Seal or by any Instrument under His Majesties Royal Sign Manual to appoint
from time to time the said Commissioners or any Number of them by themselves or their Cashier or Cashiers (the
said Cashier or Cashiers being first approved by His Majesty under His Royal Sign Manual and giving Security to His
Majesty for the due Performance of his or their Trust or Trusts) to receive for His Majesties Use the several Payments
of the Moneys which shall be so subscribed to be paid by any Person or Persons Bodies Politick or Corporate. 
XXXIX. 
The Monies subscribed to be answered by Ten equal Payments, the First Payment to be made at the time of subscribing; Each subsequent Payment to be made at the End of every Two Months. (reckoning 60 Days for each Two Months) till the Whole be paid; The last Payment to be liable to make good any Deficiency which may happen (during the Time for making the said last Payment) in the Produce of the said Duties.
And be it enacted by the Authority aforesaid That during the time hereby limitted for taking the said Subscriptions
it shall and may be lawful to and for all and every Person and Persons Natives and Foregners Bodies Politick
and Corporate by and for themselves or any of them or by themselves or any of them in Trust for any other
Person or Persons Bodies Politick and Corporate or any of them except as aforesaid freely to subscribe any Sum
of Money (not less than One hundred Pounds) for or towards the Sum of Two Millions And all the Moneys so
to be subscribed shall be answered and paid by the respective Subscribers thereof to such as shall be appointed to
receive the same to His Majesties Use in manner following (that is to say) One full Tenth Part (the Whole in
Ten equal Parts to be divided) of every Sum of Money so subscribed by or for any Person or Persons or by or
for any Body Politick or Corporate respectively shall be paid by him or them to His Majesties Use as aforesaid
at or before the time of making each Subscription respectively And that one other Tenth Part of every Sum so
subscribed shal be paid in like manner at or before the end of Two Months next after the time hereby limitted
for the First Payment as aforesaid (which time of Two Months shall be reckoned to consist of Sixty Days) and
so onwards at the end of every such Two Months successively One full Tenth Part of every Sum so subscribed
shall be paid to His Majesties. Use as aforesaid until the ful Sum of every Subscription shall be entirely cleared
and paid off Nevertheless the last of the said Payments upon every Subscription to be made as aforesaid shall be
subject and liable to make good any Deficiency (if such should happen to be) which at any time or times before
the time hereby limitted for making such last Payment or Payments shall appear to be in the Produce of the
said Duties hereby granted or appropriated for answering so much as before the said time hereby limitted for
such last Payment or Payments shall incur or grow due for or upon the yearly Fund by this Act settled or
established and so much out of the said last Payments as shall be sufficient to answer and make good such
Deficiency (if any be) shall and may be defaulked of otherwise applyed to that Use although His Majesties Supply
by this Act intended be thereby lessened Any Matter or Thing herein contained to the contrary notwithstanding.
XL. 
And if all the subsequent Payments be not complied with, the First Tenth Part forfeited, and the Annuity payable for such Subscription reduced according to the Money actually paid, after an.; Abatement of the First Tenth Part; Tallies of Assignment or Anticipation may be levied on the Commissioners or Receivers General of the Money to be subscribed; The said Tallies to bear an Interest of £8 per Cent. per Ann.
And it is hereby further enacted That if any Person or Persons Bodies Politick or Corporate who shall have
subscribed as aforesaid doe not pay down the First Tenth Part upon his or their Subscription or at the time of
making thereof as aforesaid then every such Subscription (without such Payment) shall be utterly void and of
none Effect And if any Person or Persons Body Politick or Corporate who shall have subscribed as aforesaid his
her or their Executors Administrators Successors or Assigns having paid to the Kings Use any Part or Parts of
the Sum or Sums so by him her or them subscribed shall make Default in any of the subsequent Payments
which ought to be made by him her or them upon such Subscription respectively then and in every such Case
the First Tenth Part paid down upon every such Subscription shall be forfeited and lost to His Majesty And the
respective Annuity or yearly Sum which shall be payable out of the said Fund for or in respect of such Subscription
after the Rate of Eight Pounds per Centum per Annum shall be reduced lessened or proportioned according to
the  actually paid to His Majesties Use upon every such Subscription respectively after an Abatement or Deduction
shall be made of the First Tenth Part to be forfeited as aforesaid And to the end the said Subscription Moneys
so to be payable at several Days and Times and by such Proportions as aforesaid may be the sooner made  of
for the Supply of this Majesties extraordinary Occasions the Commissioners of His Majesties Treasury or any Three
or more of them now being or the Treasurer of the Exchequer or any Three or more of the Commissioners of
the Treasury for the time being are hereby authorised and impowered to cause Talleys of Assignment or Talleys
of Anticipation for the same or any part thereof to be levied upon the Commissioners Receiver or Receivers General
or Cashier who shall be appointed or authorized to receive the same And that an Interest not exceeding the
Rate of Eight Pounds per Centum per Annum shall be annexed to attend and go along with the Principal Moneys
contained in all and every such Talley and Talleys to be paid every Three Months out of such Subscription Moneys
from the Date of every such Talley until Satisfaction of the Principal thereupon and that the Principal upon every
such Talley shall be paid in course according to the Date thereof respectively
XLI. 
After 29th Sept. 1698, or Subscription completed, Duplicates of Subscriptions to be returned into the Exchequer, before 20th Oct. 1698; Duplicates to be recorded; Free Access to Registers; Copies of Books inrolled to be delivered to Commissioners for the Use of Subscribers, gratis.
And be it further enacted by the Authority aforesaid That the said Commissioners to be nominated by His Majesty
for taking Subscriptions as aforesaid shall take care that the Sums subscribed be written as well in Words at Length
as in Figures And that the Day of the Month and Year on which every Subscription shall be made be truely set
and expressed against the same and that the Subscriptions so to be made from Time to Time be attested under the
Hands and Seals of Five or more of the Commissioners who shall be present at the making of such Subscriptions
and that the said Commissioners or any Five or more of them do without Delay after the said Nine and twentieth
Day of September One thousand six hundred ninety eight or after the said Subscriptions for the said Two Millions
shall be compleated (which shall first happen) make or cause to be made true Duplicates or Copies fairly written
in Parchment of the said whole Book or Books of Subscriptions and deliver the said Duplicate or Duplicates of the
said Book or Books attested by Five or more of the said Commissioners into the Office of the Auditor of the Receipt
in the Exchequer before the Twentieth Day of October One thousand six hundred ninety eight at farthest And
the said Auditor of the Receipt is hereby authorized and required forthwith to register or enrol and the Clerk of
the Pells in the said Receipt is hereby required forthwith to record the said Duplicate or Duplicates amongst the
Registers or Records of their respective Offices that so it may appear how much shall have been subscribed and by
whom and likewise how the said Yearly Fund or a proportionable Part thereof is to be issued and applyed by virtue
of this Act And that every Person concerned shall have free Access at all seasonable Times and Liberty to view
and peruse the said Register Enrolment or Record without Fee or Charge And that true Copies of such Book or
Books so enrolled and recorded under the Hands and Seals of the said Auditor of the Receipt and Clerk of the
Pells shall be delivered by them gratis to the said Commissioners or any Five or more of them demanding the
same for the Benefit of the said Subscribers.
XLII. 
The First Payment at Christmas, 1698; subject to Redemption, and Reduction, in case of Failure in Payment of Part of Subscription Money.
And it is hereby further enacted ordained and declared by the Authority aforesaid That every Person and Body
Politick who shall subscribe as aforesaid and be named or contained in the said Book or Books his her or their
Heirs Executors Administrators Successors and Assigns respectively shall have receive and enjoy for ever out of the
Fund by this Act settled and provided One Annuity or certain Yearly Sum for the whole Sum by him her or them
subscribed according to the Rate or Proportion of Eight Pounds per Centum per Annum that is to say all and
every Person and Persons or Corporation subscribing One hundred Pounds shall be intituled to an Annuity of Eight
Pounds per Annum out of the said Fund and so proportionably for higher or larger Subscriptions the same Annuities
or Yearly Payments to commence from the Feast of Saint Michael the Archangel in the Year of our Lord One
thousand six hundred ninety eight and to be paid and payable at the Four most usual Feasts in the Year that is to
say the Feasts of the Birth of our Lord Christ the Annunciation of the blessed Virgin Mary the Nativity of Saint
John Baptist and Saint Michael the Arch-Angel by even and equal Portions the First Payment thereof to be made at
the Feast of the Nativity of our Lord Christ One thousand six hundred ninety eight Which said Annuities or Yearly
Payments shall nevertheless be subject or lyable to the Condition and Power of Redemption hereafter in this Act
expressed and also to the Clause before in this Act contained for reducing or lessening such Annuities where Failure
shall be made in some of the Payments of the Subscription Money for the same.
XLIII. 
And for the further Incouragement of the said Subscribers it is hereby also enacted That every Person or Body
Politick subscribing and paying down One Tenth part of his or their Subscription Money as aforesaid shall and
may out of the same Defaulk and Recoup or shall be repaid (in Consideration of his or their prompt Subscription
and Payment) so much as an Allowance after the Rate of Ten Pounds per Centum per Annum doth amount unto
being computed upon his or their whole Subscription Money from the Day of making his or their Subscription and
first Payment until the Feast of Saint Michael the Arch-Angel One thousand six hundred ninety eight.
XLIV. 
Account thereof to be delivered to Auditor, attested, before 24th June 1700; Treasury to issue Sums necessary for incident Charges.
And it is hereby further enacted That the respective Commissioners or such a Number of them or such Cashier
or Cashiers who shall be authorized by His Majesty to receive all or any the said Payments upon the said Subscriptions
for His Majesties Use shall immediately from time to time give to the Persons or Corporations paying the same
a Receipt in Writing for the several Sums so received And shall cause an Entry thereof to be made in a Book or
Books expressing the Day on which every Payment shal be made with the Names and proper Additions of those
that make such Payments and deliver a true Account fairly written in Parchment of all the said Receipts attested
by five or more of the said Commissioners into the Office of the Auditor of the Receipt of Exchequer on or
before the Four and twentieth Day of June which shall be in the Year of Lord One thousand seven hundred And
the Commissioners of His Majesties Treasury and the Treasurer and Under Treasurer of the Exchequer for the
time being are hereby impowred and commanded out of any of His Majesties Treasure not appropriated by Act of
Parliament to issue and pay such Sums as shall be necessary to be expended or laid out as incident Charges in the
Execution of such Commission.
XLV. 
Provided always That any Persons so to be named Commissioners may be Subscribers and their Subscriptions
and Payments shall and may be received by the other Commissioners or such of them as shall be appointed in that
behalf.
XLVI. 
By the Name of the General Society, entitled to Advantages given by an Act of Parliament for advancing a Sum not exceeding £2,000,000 for the Service of the Crown of England; subject to the aforesaid Proviso for Redemption.
And be it further enacted by the Authority aforesaid That it shall and may be lawful for His Majesty by Letters
Patents under the Great Seal of England to incorporate all and every the Person and Persons Natives and Foreigners
Bodies Politick and Corporate who shall so subscribe or for whom such Subscriptions shall be made and uponwhose Subscriptions the First Tenth part shall be paid as aforesaid and all and every Person and Persons Bodies
Politick and Corporate who as Executors Administrators Successors or Assigns or by any other lawful Title derived
or to be derived from by or under the said original Subscribers of or towards the said Sum of Two Millions at
any time or times hereafter shall have or be intituled to any Part Share or Interest of or in the yearly Fund by
this Act settled as aforesaid so long as they respectively shall have any such Part Share or Interest therein to be
one Body Politick and Corporate by the Name of the General Society intituled to the Advantages given by an Act
of Parliament for advanceing a Sum not exceeding Two Millions for the Service of the Crown of England and
by that Name shall have perpetual Succession and a Common Seal And that they and their Successors by the
Name aforesaid shall be able and capable in Law to have purchase receive enjoy possess and retain to them and
their Successors Lands Rents Tenements and Hereditaments of what Kind Nature or Quality soever and also to
sell grant demise alien or dispose of the same and by the same Name to sue and implead be sued and impleaded
answer and be answered in Courts of Record or any other Place whatsoever and to do and execute all and singuler
other Matters and Things by the Name aforesaid that to them shall or may appertain to do subject nevertheless
to the Proviso or Condition of Redemption and to such Restrictions and Limitations as are hereafter in this Act
expressed.
XLVII. 
And it is hereby declared That the Sum Total of all the said Subscriptions shall be and be called the Principal
Stock of the said General Society and all and every Person and Persons his and their Executors Administrators
Successors and Assigns according and in proportion to the Sum or Sums by him her or them respectively subscribed
shall have and be deemed to have an Interest or Share in the said Principal Stock and of and in the yearly Fund
hereby settled.
XLVIII. 
Elector to have only One Vote.; Each Trustee must have subscribed £2,000 at least in his own Right. Persons elected to be inserted in Charter of Incorporation.; Further Rules, &c. may be inserted in Charter.
And be it further enacted by the Authority aforesaid That it shall and may be lawful to and for for His
Majesty to impower all and every Person or Persons who shall severally or respectively have subscribed in the said
Book or Books any Sum or Sums not less than Five hundred Pounds and shall have severally paid One Tenth
part of the Sum or Sums so by them subscribed their Executors Administrators Successors or Assigns to assemble
and meet together at the Guild-hall within the City of London at or upon the Tenth Day of October One thousand
six hundred ninety eight or within Twenty Days after the Subscription shall be compleated which shall first happen
then and there to elect and choose the First Trustees to manage govern and direct the said General Society and
they or the major part of them so assembled shall and may choose (by way of Ballating) out of the whole
Number of Subscribers (whereof none to have more than One Vote) Four and twenty Persons each of which shall
severally have subscribed in their own Rights the Sum of Two thousand Pounds at the least who shall be the
First Trustees of the said General Society which Elections shall severally be determined by the majority of Votes
then present by way of Ballat as aforesaid and if they be equal then by His Majesties Commissioners for taking
the said Subscriptions or the major part of them then present which Persons so to be elected shall afterwards be
inserted in His Majesties Charter of Incorporation of the said General Society as the First Trustees for such time
and with such Succession and subject to such further Qualifications as His Majesty in such Charter of Incorporation
shall be pleased to appoint And that in such Charter such further Rules Powers and Clauses for carrying on the
said Trade and pursuing the Ends and Intent of this Act shall and may be inserted as shall be lawfully and reasonably
desired in that behalf.
XLIX. 
Provided always and it is hereby further enacted That in case the whole Sum of Two Millions shall not be
subscribed as aforesaid before the said Nine and twentieth Day of September which shall be in the Year of our
Lord One thousand six hundred ninety eight that then the Subscribers and Contributors for and towards raising
the said Sum of Two Millions their Executors Administrators Successors and Assigns shall only have and receive
so much and such Part and Proportion of the said Yearly Fund as shall be after the Rate of Eight Pounds per
Centum per Annum for such Sum or Sums of Money as shall be so respectively subscribed.
L. 
And be it further enacted That from and after the granting of the said Letters Patents for Incorporation of the
General Society as aforesaid the said yearly Sum of One hundred and sixty thousand Pounds as aforesaid or so
much thereof as shall be proportionable to the several Sum or Sums to be subscribed as aforesaid shall be issued
and paid to the said General Society and their Successors or to such Treasurer or Receiver General as they
shall appoint by their Common Seal to receive the same who shall from time to time have and receive the said
Moneys in Trust for the severall and respective Members of the said General Society whether they be Bodies
Politick or Natural according to the Proportion of their several Shares and Interests in the General Stock.
LI. 
None to trade by himself or others, in any one Year (to be computed from 29th Sept. 1698) for more than the Amount of his Stock.

And be it enacted by the Authority aforesaid That in case the said whole Sum of Two Millions or one Moiety
or any greater Part of the said Sum of Two Millions shall be subscribed as aforesaid on or before the said Nine
and twentieth Day of September. One thousand six hundred ninety eight that then and from thenceforth all and
every the Person and Persons Natives and Foreigners Bodies Politick and Corporate by or for whome such
Subscriptions shall be made and all and every Person and Persons Bodies Politick and Corporate who as Executors
Administrators Successors or Assigns or by any other lawful Title derived or to be derived from or under the
said original Subscribers at any time or times hereafter shall have or be intituled to any Part Share or Interest of
and in the Yearly Fund by this Act settled as aforesaid and of and in a proportionable Part of the principal Stock
of the said General Society so long as they respectively shall continue to have any Part Share or Interest therein
and all and every Person and Persons who for any time shall be licensed by such Person or Persons Bodies
Politick or Corporate to trade in the stead of them or any of them shall and lawfully may for ever hereafter by
themselves severally or by such Factors Agents or Servants as they severally shall think fit to intrust freely traffick
and use the Trade of Merchandize in such Places and by such Ways and Passages as are already frequented
found out or discovered or which hereafter shall be found out or discovered and as they severally shall esteem
and take to be fittest or best for them into and from the East Indies in the Countries and Parts of Asia and
Africa and into and from Islands Ports Havens Cities Creeks Towns and Places of Asia Africa and America or
any of them beyond the Cape of Bona Espiranza to the Streights of Magellan where any Trade or Traffick of
Merchandize is or may be used or had and to and from every of them which Trade Traffick or Merchandizeing
shall be and is by virtue of this Act for ever limitted and restrained so and in such manner as that no Person or
Corporation hereby authorized to trade or traffick as aforesaid shall in any one Year (every Year to be reckoned
from the said Nine and twentieth Day of September One thousand six hundred ninety eight) successively by him
or themselves or by Persons licensed to trade instead of them or any of them as aforesaid or by their respective
Factors Agents or Servants ship lade put on board send or cause to be sent or design to sent to or for the
East Indies or other Parts within the Limitts aforesaid from England or any other Countrie or Place whatsoever
any Quantity of Goods Wares Merchandizes Coins Bullion or Commodities whatsoever of greater Value than in
this Act are expressed that is to say the Person or Persons or Body Politick who shall be intituled to any Annuity
or Yearly Payment of Eighty Pounds per Annum and consequently to a Share of One hundred Pounds in the
Principal Stock of the said General Society for every such Stock or Share of One hundred Pounds shall or may
by himself or themselves or others as aforesaid ship lade put on board or cause to be sent Yearly for the said
East Indies or Parts within the Limits aforesaid Goods Wares Merchandizes Coine Bullion or other Commodities
(being such as may lawfully be exported or sent thither) as shall amount in Value to the Sum of One hundred
Pounds and every Person and Corporation intituled to a larger Annuity out of the said Yearly Fund and (in that
respect) to a greater Share than One hundred Pounds in the said Principal Stock shall and may  ship and
send to the East Indies and other Parts within the Limits aforesaid a proportionable Value  in Goods or other
things as aforesaid after the said Rate of One hundred Pounds for every One hundred Pounds Stock.
LII. 
And be it further enacted by the Authority aforesaid That if the said whole Sum of Two Millions or One Moiety
or any greater Part thereof shall be subscribed on or before the said Nine and twentieth Day of September One
thousand six hundred ninety eight and all or any Corporations or other Person or Persons having particular Shares
or Interests in the principal Stock of the said General Society or in proportionable Annuities or Yearly Payments
issuing out of the said Yearly Fund shall be willing and desireous to unite or joyn together such their several
Shares and Interests and to to be incorporated so as they may be able to manage their Trade (in Proportion to their
Interests) as a Company and by a joynt Stock that then it shall and may be lawful to and for His Majesty by Letters
Patents under the Great Seal of England to incorporate all such Persons and and Corporations by such proper Name
as His Majesty His Heires or Successors shall think fit to be One Company with Power to manage and carry on
their Trade to the East Indies and other the Limits aforesaid by a joint Stock and to have a perpetual Succession and
a common Seal and with Power to grant and take sue and be sued and to choose their own Managers or Directors
and Officers from time to time and such other Powers and Clauses as shall be necessary or requisite for the carrying
on of such Trade and shall be reasonable for His Majesty to grant Nevertheless such Company so to be created
with Power to trade with a joynt Stock as aforesaid shall be restrained to such Proportion of the Trade in the whole
as all the particular Members thereof would have been intituled to at the Rate before mentioned in case such new
Company were not made And the Directors or Managers and other Members of the same shall be subject to such
further Rules Qualifications and Appointments as His Majesty in their Charter shall think necessary or reasonable to
be inserted.
LIII. 
Payments to be made at the Exchequer Weekly.
Provided always and it is hereby enacted That after the incorporating of any such Company to trade with a joynt
Stock as aforesaid the proportionable Part or Parts of the said Yearly Fund issuing out of the Exchequer and
belonging to the Members of such new Company shall from time to time (under the like Penalties as aforesaid) be
issued at the said Receipt of the Exchequer to such Company or to such Treasurer or Treasurers as shall be
appointed under their Common Seal to receive the same in Trust for the several and respective Members of such
Company according to their respective Proportions or Shares in the joynt or united Stock of such Company Any
Thing in this Act contained to the contrary notwithstanding And that the Payment thereof shall and may be
made weekly or as fast as the said Duties shall produce Money into the Exchequer for the same so as by such
Weekly or other Payments the whole of the Annuities due to such Company at the End of any One Quarter be
not exceeded.
LIV. 
Persons trading by Licence, to enter their Licence, in the Books of the Society, and take Oath to the like Effect.; No Member of any Company trading to the East Indies, during his Continuance in the said Company, to trade otherwise than in the Joint Stock thereof; Every Member to take Oath to be faithful, and not to trade to the Indies (during his Continuance in the Company) upon Private Account; No Person to be intrusted to trade upon the Joint Stock, or for a Company, before he hath taken Oath, as herein mentioned, to be faithful to such Company, &c.
And it is hereby further enacted by the Authority aforesaid That all and every Persons and Persons who as a
Member or Members of the said General Society shall have Power to trade by or for himself or themselves and not
in a Company in such Measure or Proportion as aforesaid before he or they shall be allowed to exercise or make
use of such Power shall take a corporal Oath before Two or more of the Trustees for the said General Society (who
have hereby Power to administer the same) that such Members shall be faithful to the said General Society and
(according to the best of his or her Skil & Understanding give his or her Advice Councell and Assistance for the
Support and good Government of the said Society and that he or she will not at any Time or Times ship lade send
direct or cause to be sent from England or any other Countrey to the East Indies or other the Parts within the
Limits aforesaid any Goods Coines or other Merchandizes of greater Value than such as he or she may lawfully
send thither by this Act And that all and every Person and Persons who shall be licensed to trade as aforesaid
before he or they shall be allowed to use or enjoy the Benefit of any such Licence shall cause the same to be
entred or registred at large in the Books of the said General Society and shall also take a corporal Oath before
Two or more of the Trustees of the said General Society That such Person trading by such Licence shall be faithful
to the said General Society and will not at any Time or Times ship lade send direct or cause to be sent to the
East Indies or other the Places within the Limits aforesaid any Goods Coins or other Merchandizes of greater Value
than what he or she may lawfully send thither by virtue of this Act That no Person or Persons who shall be
incorporated or be a Member or Members of any Company or Corporation having or that shall have Power to trade
to the East Indies and other the Parts within the Limits aforesaid by a joynt Stock in pursuance of this Act during
such Time as he or they respectively shall continue a Member or Members of such Company or Corporation shall
trade otherwise than in the joint Stock of such Corporation of which he or they are Members respectively And
every such Member or Members before he or they shall be allowed to receive any Benefit in or by such Corporation
or to do or intermeddle in any of the Affairs of the same shall take a corporal Oath before Two or more of the
Trustees or other Persons who shall have the Directions of the Affairs of any such Company or Corporation (who
have hereby Power to administer the same) that he or she shall be faithful to such Company or Corporation and
according to the best of his or her Skill and Understanding) give his or her Advice Councel and Assistance for
the Support and good Government of the said Company or Corporation And that he or she during his or her
Continuance in such Company or Corporation will not at any time or times ship lade send direct or cause to be
sent from England or any other Countrey to the East Indies or other Parts within the Limits aforesaid for his or
their private Accounts any Goods Coins or other Merchandizes contrary to this Act And that no Person or Persons
that shall have the Order Rule Direction or Management of the Voyages or other Affairs of the said Company or
Corporation or that shall be intrusted or imployed to trade upon the joynt Stock or for a Company as aforesaid
shall be allowed to ship or cause to be shipped laded or put on board or to send or cause to be sent from the
East Indies or other Parts within the Limits aforesaid any Goods Foreign Coin or other Merchandizes whatsoever
from England or any other Countrey until he or they shall have respectively taken a corporal Oath before Two or
more of the Trustees or other Directors of such Company or before the Barons of the Exchequer for the time
being or some of them that he or they respectively will be faithful to such Company or Corporation and (according
to the best of his or her Skill and Understanding) give his or her Advice Councill and Assistance for the Support
and good Government of the same and that he or she during his or her Continuance in such Company or
Corporation will not at any time or times ship lade send direct or cause to be sent from England or any other
Countrey for the East Indies or other the Parts within the Limits aforesaid any Goods Coins or other Merchandizes
but such as he or she may lawfully send thither for the Account of such Company according to this Act.
LV. 
Provided always That such Persons as are known or commonly reputed to be Quakers instead of any Oath
or Oaths by this Act prescribed shal and may make a solemn Declaration in Writing to the same Effect and in
the same manner And every such Declaration in Writing shall be of the same Validity as if he or they had taken
a Corporal Oath as aforesaid Any thing herein contained to the contrary notwithstanding.
LVI. 
Persons concerned may view the Books, to see whether Traders trade for more than is allowed.; The said Entries to be attested upon Oath or solemn Affirmation; Entries and Affirmations made before Two or more Trustees, till a Company be erected; and afterwards before Two or more Directors.
And be it further enacted by the Authority aforesaid That all and every Person and Persons whatsoever that shall
or may in pursuance of this Act trade or send or cause to be sent any Goods Foreign Coins or other Merchandizes
for the East Indies or other the  Parts within the Limits aforesaid before such Goods Foreign Coins or other
Merchandizes or any of them (the Goods Foreign Coins or other Merchandizes of such Company as shall or
may be erected if any such be to trade with a joynt Stock as aforesaid only and always excepted) shall be shipped
laded or put on board any Ship or into any Lighter Boat or other Vessel for that Purpose shall make or cause
to be made an Entry or Entries of the same in a Book or Books for that Purpose specifying in such Entry or
Entries the true and full Quantities Kinds and Values of all the Goods Foreign Coins or other Merchandizes so
intended to be sent for the East Indies or other the Parts within the Limits aforesaid from England or from any
other Countrey whatsoever with the Name of the Ship and of the Comander or Master thereof to the end it may
be seen by Inspection of such Book or Books (to which all Persons concerned shall have free Access at all
seasonable times without Fee or Charge) from time to time  whether such Traders do or do not send more
Goods Coin or Merchandizes in the said Trade than they respectively are allowed to send by this Act And all
and every such Person and Persons upon such Entry or Entries made from time to time shall make and sign an
Affirmation in Writing in which he or they shall declare or affirm (upon the Oath or solemn Declaration which
he or they shall previously have taken or made as aforesaid in that behalf) that such Entry or Entries do contain
the true and full Value and Values of all the Goods Coin or Merchandizes to be shipt by or for him or them
on such Ship for that Voiage all which Entries and Affirmations shall be made before Two or more of the Trustees
for the General Society aforesaid and in Books to be kept by them for that Purpose until a Company with Power
to Trade upon a joynt Stock shall be erected as aforesaid And after such Company shall be erected then the same
shall be made before Two or more of the Directors or Managers of such Company and in Books to be kept by
them for that Purpose.
LVII. 
And be it further enacted by the Authority aforesaid That it shall and may be lawful to and for His Majesty
by His said Charter or Charters of Incorporation to impower the said General Society and their Successors and such
Company as shall be erected to trade with a joynt Stock a aforesaid and their Successors or either of them severally
to make reasonable Laws Constitutions Orders and Ordinances from time to time for the good Government of the
said Trade to the East Indies and other the Parts aforesaid and of the Traders Factors Agents Officers and other
concerned in the same and to inflict reasonable Penalties and Punishments by Imprisonments Mulcts Fines or
Amerciaments for any Breach or Breaches thereof and to levy such Mulcts Fines or Amerciaments to the Use of
such General Society or Company respectively.
LVIII. 
And it is hereby further enacted That if any Person or Persons who are hereby required to make such Entries
and Affirmations as this Act directs shall neglect so to do or if any Goods Foreign Coins or other Merchandizes
so entred shall be of greater Value than shall be specified in such Entry or Entries that then and in every such
Case the Goods Foreign Coins or other Merchandizes which shall be shipped or put on board any Ship or other
Vessel designed for the East Indies or any other the Parts within the Limits aforesaid or into any Lighter Boat or
other Vessel to be put upon any such Ship for which no such Entry or Affirmation shall be made or which shall
be omitted therein and the Effects and Proceed of the same (wheresoever they shall be found) shall be forfeited
and may be seized and double the Value thereof shall and may be sued for and recovered against the respective
Offenders and to be divided or distributed in such Manner and Form as His Majesty by such Charter or Charters
shall appoint.
LIX. 
Disputes in Acceptance of Security, determined by Baron of the Exchequer; Goods imported to be sold by Inch of Candle; Penalty.
Provided always and it is hereby enucted That no Company or particular Person or Persons who shall have a
Right in pursuance of this Act to trade to the East Indies or other the Parts within the Limits aforesaid shall be
allowed to trade thither until sufficient Security shall be first given (which the Commissioners of the Customs in
England or any Three or more of them for the time being are hereby authorized and required to take in the
Name and to the Use of His Majesty His Heirs and Sucessors) That such Company or particular Persons shall cause
all the Goods Wares Merchandizes and Commodities which shall at any time or times hereafter during the
Continuance of this Act be laden by or for them or any of them or for their or any of their Accounts in any Ship
or Shipps whatsoever bound from the said East Indies or Parts within the Limits aforesaid shall be brought (without
breaking Bulk) to some Port of England or Wales and there be unladen and put on Land (the Danger of the Seas
Enemies Pirates Constraints of Princes and Rulers and Barratry of Seamen excepted) And in case there be any
Difficulty or Dispute in the Acceptance of any such Security such Difficulty and Dispute shall and may be determined
by the Lord Chief Baron and other the Barons of the Coif of the Exchequer or any of them according to his or
their best Judgment and Discretion And that all Goods and Merchandizes belonging to the Company to be erected
as aforesaid or any other Traders to the East Indies and which shall be imported into England or Wales as aforesaid
pursuant to this Act shall by them respectively be sold openly and publickly by Inch of Candle upon their respective
Accounts and not otherwise upon Pain that the same or the Value thereof shall be forfeited and lost to wit One
Moiety thereof to His Majesty His Heirs and Successors and the other Moiety thereof to any Person or Persons that
will seize inform or sue for the same by Action of Debt or of the Case Bill Plaint or Information as aforesaid.
LX. 
And be it further enacted That it shall and may be lawfull to and for His Majesty by any such Commission
Charters or Letters Patents as aforesaid under the Great Seal of England to limit direct and appoint how and in
what Manner and Proportions and under what Rules and Directions the Shares of all and every Person and
Persons whatsoever in the said Yearly Fund and of and in the Stock of the said Generall Society or of any
Company to be settled or authorized to trade in pursuance of this Act and every or any Part or Proportion thereof
shall or may be assignable or transferrable to be assigned or transferred to such Person or Persons only as shall
freely and voluntarily accept of the same and not otherwise and that all Assignments and Transferrences made in
such manner shall be good and available in the Law.
LXI. 
And be it further enacted by the Authority aforesaid That the Estates Interests and Stocks of Money of the
several Corporations to be created or established in pursuance of this Act and of each and every perticular Member
thereof shall be and be adjudged taken and accepted in Construction of Law by all Judges and in Courts of Law
and Justice and in all Courts and Places whatsoever to be a Personal and not a Real Estate and shall go to the
Executors or Administrators of the Person or Persons dying possessed thereof or intituled thereunto and not to the
Heirs of such Person or Persons Any Law Statute Usage or Custom to the contrary notwithstanding.
LXII. 
And be it further enacted by the Authority aforesaid That the several Annuities or Payments issuing out of the
said Yearly Fund or the Shares Parts or Interests of any Members of the said General Society or of the said
Company to be erected by virtue of this Act of and in the Principal or Capital Stocks of the same or of or in
the Benefit of Trade to be annexed thereunto in pursuance of this Act during the Continuance of the same shall
be and are hereby exempted from any Taxes Rates Assessments or Impositions whatsoever.
LXIII. 
And be it further enacted That any Guardian or Trustee for any Infant may for the Benefit of such Infant
subscribe advance and contribute upon this Act a Sum not exceeding one Moiety of the Moneys within his or her
Trust upon the Advantages in this Act mentioned and such Infant upon Payment of such Sum shall become the
Contributor thereof and the Guardian or Trustee shall be discharged from the same.
LXIV. 
And be it enacted That no Member of any Society or Company to be erected in pursuance of this Act shall
in respect of his Stock therein only be or be adjudged liable to be a Bankrupt within the Intent or Meaning of
all or any the Statutes made against or concerning Bankrupts and that no Stock in such Society or Company
shall be subject or liable to any Foreign Attachment by the Custom of the City of London or otherwise.
LXV. 
General Society or Company established in pursuance of Act, not to borrow or give Security for any Sums on Credit of Funds by Act granted; nor to borrow, owe, or give Security for any other or greater Sum than shall be employed in their Trade; Such Moneys to be borrowed only on their Common Seal, and not be made payable less than Six Months from Time of borrowing; Not to discount Bills of Exchange, &c. or keep Cash for other Persons.
And whereas by an Act of Parliament made in the Eighth and Ninth Years of His Majesties Reign intituled
An Act for making good the Deficiencies of several Funds therein mentioned and for enlarging the Capital Stock
of the Bank of England and for raising the Publick Credit it is (amongst other things) enacted That during
the Continuance of the Corporation of the Governor and Company of the Bank of England no other Bank or
any other Corporation Society Fellowship Company or Constitution in the Nature of a Bank shall be erected or
established permitted suffered countenanced or allowed by Act of Parliament within this Kingdom as in and by
the said Act more at larg may appear Now for the better securing the Priviledges of the said Governor and
Company of the Bank of England granted to them by Parliament and to prevent the Corporation or Corporations
Society or Societies Fellowship or Fellowships Company or Companys Constitution or Constitutions which shall or
may be established by virtue of this Act from interfering with or being prejuditial to the said Governor and
Company of the Bank of England Be it enacted by the Authority aforesaid That it shall and may be lawfull
to and for the Corporation or Corporations Society or Societies Fellowship or Fellowships Company or Companies
Constitution or Constitutions which shall or may be established by virtue of this Act (as a Coporation Society
Fellowship Company or Constitution) to borrow owe or give Security for any Sum or Sums of Money on Credit
of any Publick Fund or Funds hereby granted or any Part thereof and that it shall not be lawful for the said
Corporation or Corporations Society or Societies Fellowship or Fellowships Company or Companys Constitution or
Constitutions which shall or may be established by virtue of this Act to borrow owe or give Security for any
other or greater Sum or Sums of Money than such as shall be really and bona fide expended and laid out in
and for the buying of Goods Bullion or Commodities to be exported for the proper Account of the said
Corporation or Corporations Society or Societies Fellowship or Fellowshipps Company or Companies Constitution
or Constitutions which shall or may be established by virtue of this Act or shall otherwise be imployed in their
Trade all which Sum or Sums of Money so to be borrowed for the Purpose aforesaid shall be borrowed only on
their Common Seal and shall not be made payable or bona fide agreed to be paid at any time less than Six
Months from the time of the borrowing thereof and that it shall not be lawful for the Corporation or Corporations
Society or Societies Fellowship or Fellowships Company or Companies Constitution or Constitutions which shall or
may be established by virtue of this Act to discount any Bills of Exchange or other Bills or Notes whatsoever
or to keep any Books or Cash of or for any Person or Persons Bodies Politick or Corporate whatsoever other
than only the proper Moneys and Cash of the said Corporation or Corporations Society or Societies Fellowship or
Fellowships Company or Companies Constitution or Constitutions which shall or may be established by virtue of
this Act.
LXVI. 
An additional Duty of £5 per Cent. laid on all East India Goods imported after 29th Sept. 1698, by any Persons trading pursuant to this Act; to be paid over to the General Society, or such Companies as may be erected, or their respective Treasurers, for maintaining Ambassadors, &c; Overplus of such Duty to be disposed of for the Benefit of the Members, as herein mentioned.
And the said Commons of England in Parliament assembled for the Ends and Purposes in this Act expressed
have also given and granted unto His Majesty His Heirs and Successors the further Rates and Duties herein after
mentioned And it is hereby further enacted by the Authority aforesaid That for and upon all Goods Wares and
Merchandizes whatsoever of the Growth Product or Manufacture of the East Indies or any other Countreys or
Places within the Limits aforesaid to wit beyond the said Cape to the Streights of Magellan which from and after
the said Nine and twentieth Day of September One thousand six hundred ninety eight at any time or times shall
be imported or brought into the Kingdom of England Dominion of Wales or Town of Berwick upon Tweed by
any Corporation Person or Persons trading within the Limits aforesaid by virtue or in pursuance of this Act there
shall be yeilded and paid to His Majesty His Heirs and Successors (over and above all other Duties payable for
the same) a Duty after the Rate of Five Pounds for every One hundred Pounds of the true and real Value of
the said Goods to be paid over from time to time to the said General Society of Subscribers and their Successors
or such Treasurer or Treasurers as such Society shall appoint to receive the same unless a Company upon the
Desire of the Subscribers or any of them shall be erected in pursuance of this Act to trade with a Joynt Stock as
aforesaid And from and after the erecting or settling of such Company then the said Duty of Five Pounds per
Cents shall be paid over to such Company and their Successors or to their Treasurer to the End that the said
General Society and the said Company respectively may out of the Produce of the said Duty of Five Pounds per
Cents maintain such Ambassadors or other Ministers as His Majesty His Heirs or Successors (at the Nomination of
the Trustees Directors or Managers of or for the General Society aforesaid or of such Company so to be impowered
to trade with a Joynt Stock as aforesaid shall be pleased to send to any Emperor Prince or State within the Parts
aforesaid and defray any other extraordinary or necessary Expences in carrying on the said Trade And if at any
time or times there be an Overplus of the Produce of the said Duty to dispose the same from time to time to
and for the Benefit of all the Members of the said General Society until a Company to trade with a Joynt Stock
shall be erected as aforesaid And after such Company shall be erected then to and for the Benefit of all the
Members thereof according to their respective Shares or Interests in the Principal or Capital Stock of the same.
LXVII. 
Security before landing of Goods to be given for; Payment of said additional Duty of £5 per Cent. as soon as the Goods shall be sold; Goods landed before Duty secured, or without Warrant, forfeited.
			
And for the better raising levying and securing the said Duty after the Rate of Five Pounds in the Hundred it
is hereby further enacted That upon the Importation of any such Goods as aforesaid liable thereunto an Entry or
Entries thereof shall be made in the Custom-House where such Goods shall be imported and before the landing
thereof the Importer or Importers of the same shall give Security (which the Commissioners or proper Officers of the
Customs are hereby required and impowered to take) for Payment of the said Duties after the Rate of Five Pounds
in the Hundred upon the said Goods as soon as the same shall be sold the Value thereof to be reckoned according
to the Gross Price at which such Goods shall be sold And that in Case any such Goods shall be landed or put
on Shore out of any Ship or Vessel before due Entry be made thereof at the Custom-House in the Port or Place
where the same shall be imported and the Duties hereby imposed shall be secured or without a Warrant for
the landing or delivering of the same first signed by the Commissioners Collectors or other proper Officer or
Officers of the Customs respectively that all such imported Goods as shall be so landed or put on Shore or taken
out of any Ship or Vessel contrary to the true meaning hereof or the Value of the same shall be forfeited and
shall and may be recovered of the Importer or Proprietor thereof (to wit) One Moiety of the same to the Use of
His Majesty His Heirs and Successors and the other Moiety to the Use of such Person or Persons as will seize
the said Goods or sue for the same or the Value thereof by Action Bill Suit or Information as aforesaid.
LXVIII. 
And it is hereby further enacted That the said Duty of Five Pounds in the Hundred shall be from time to time
under the Management and Government of the Commissioners of the Customs for the time being who shall cause
the same to be raised levied collected and paid to the Hands of the Receiver or Receivers General of the Revenue
of the Customs for the time being and such Receiver or Receivers General for the time being shall answer and
pay over all the Moneys arising thereby (the necessary Charges of raising collecting and answering the same only
excepted) in such manner and for such purposes as are before in this Act appointed.
LXIX. 
Provided always and it is hereby declared and enacted That at any time upon Three  Years Notice after the
Nine and twentieth Day of September One thousand seven hundred and eleven upon Repayment by Parliament
of the said Sum of Two Millions or such Part thereof as shall be paid or advanced as aforesaid unto the respective
Subscribers and Contributers of the same or to such Person or Persons as by from or under them shall be
intituled to the said Annuities or Shares of the said yearly Fund or Capital Stock in respect of the same and of
all Arreares of the said Annuities or yearly Payments then and from thenceforth as well the said Duties upon Salt
and Rock-Salt as the said Duties upon Stampt Velum Parchment and Paper and also the said yearly Fund charged
thereupon and the said Annuities issuing out of the same and the said Duty of Five Pounds in the Hundred for
the said imported Goods and also all the said Corporations to be erected by or in pursuance of this Act and the
Benefit of Trade hereby given or intended to be given to them or any of them shall absolutely cease and determine
Any thing herein contained to the contrary notwithstanding.
LXX. 
And the said Commons of England in Parliament assembled as a further Supply for His Majesties extraordinary
Occasions have moreover freely given and granted unto His Majesty His Heirs and Successors the further Rates
and Duties herein after mentioned And it is hereby further enacted by the Authority aforesaid That for and upon
all Wrought Silks which from and after the said Nine and twentieth Day of September One thousand six hundred
ninety eight at any time or times shall be imported or brought from the East-Indies or from Persia or from any
other the Countries or Places within the Limits before mentioned into the Kingdom of England Dominion of Wales
or Town of Berwick upon Tweed there shall be yeilded and paid to His Majesty His Heires and Successors (over
and above all other Duties payable for the same) the Sum of One Shilling and Ten Pence for every Pound
Weight reckoning Sixteen Averdupoize Ounces to the Pound to be paid by the Importer or Importers thereof and
to be raised levied collected and paid to the Use of His Majesty His Heirs & Successors by such Ways Rules
and Methods and under such Penalties and Forfeitures and in such Manner and Forme as any other Duties upon
Silks imported by the Act of Tunnage and Poundage made in the Twelfth Year of the Reign of King Charles
the Second or by any other subsequent Act for continuing the same or by any other Law made  in Force relateing
to the Customs are to be raised levyed collected and paid.
LXXI. 
Persons trading to the East Indies, other than such as are allowed by this Act; To incur Forfeiture of Ship and Goods; and Penalty.
And be it further enacted by the Authority aforesaid That such Persons or Corporations as in Pursuance of this
Act shall have a Right and Power to trade to the East Indies and other the Parts aforesaid according to such
Provisions Proportions and Restrictions as are in this Act contained and subject to the Condition or Power of
Redemption before mentioned from and after the said Nine and twentieth Day of September One thousand six
hundred ninety eight shall have use and enjoy the whole and sole Trade and Traffick and the only Liberty Use
and Priviledge of trading trafficking and exercising the Trade or Business of Merchandize to and from the said
East Indies and to and from all the Islands Ports Havens Cities Towns and Places within the Limits before mentioned
And that the said East Indies or the Islands Havens Forts Cities Towns or Places within the Limits aforesaid or any
of them shall not after the said Nine and twentieth Day of September One thousand six hundred ninety eight be
visited frequented or haunted by any other of the Subjects of His Majesty His Heirs or Successors during such time
as the Benefit of Trade hereby given or intended to be given to the Subscribers or others as aforesaid ought to
continue by vertue of this Act And if any of the Subjects of His Majesty His Heirs or Successors of what Degree
or Quality soever they be other than such as may lawfully go and trade to the East Indies and other the Parts
aforesaid by virtue of this Act and their Factors Agents and Servants respectively who shall be imployed according
to the true Meaning hereof shall directly or indirectly visit haunt frequent trade traffick or adventure into or from
the said East Indies or other the Parts before mentioned contrary to the true Meaning hereof all and every
such Offender and Offenders shall incurr the Forfeiture and Loss of all the Shipps and Vessells which shall be
imployed in such Trade with the Guns Tackle Apparel and Furniture thereunto belonging and also all the Goods
and Merchandize laden thereupon and all the Proceed and Effects of the same and also double the Value thereof
(to wit) One Fourth Part thereof to such Person or Persons as will seize inform or sue for the same to be recovered
in any Court of Record as aforesaid and the other Three Fourth Parts to the Use of the said General Society untill
a Company shall be erected as aforesaid and after the erecting thereof (if any such be) then to the Use of the said
Company without Account the Charges of Prosecution being born by the said Society or Company.
LXXII. 
And be it further enacted by the Authority aforesaid That in case the said Duties arising or appropriated by this
Act shall at any time or times appear to be so deficient in the Produce of the same as that within any One Year
to be reckoned as aforesaid from and after the Nine and twentieth Day of September which shall be in the Year of
our Lord One thousand six hundred ninety nine the Weekly Payments upon the same Rates or Duties shall not
amount to so much as shall be sufficient to discharge and satisfy the several and respective Benefits yearly Payments
or Advantages by this Act appointed or intended to be paid within or for the same Year respectively that then and
so often and in every such Case it is hereby declared that every such Deficiency and Deficiencies shall be provided
for answered and made good by or out of the next Aids to be raised and granted by Parliament for and towards
the discharging or paying off the said Benefits Yearly Payments or Advantages appointed by this Act as together
with the Moneys which shall have  been brought into the said Receipt of the Exchequer of or for the said several
Rates and Duties hereby granted or appropriated shall be sufficient to pay off and discharge all the Moneys which
shall within the same Year respectively be grown due or ought to be paid for the Recompences Yearly Payments
and Advantages hereby provided according to the true Intent and Meaning of this Act.
LXXIII. 
Provided also and be it enacted by the Authority aforesaid That nothing in this Act shall extend or be construed
to extend to hinder or restrain the Governor and Company of Merchants of London trading into the East Indies
to continue to trade within the Limits aforesaid untill the Nine and twentieth Day of September One thousand seven
hundred and one Any Thing in this Act contained to the contrary notwithstanding.
LXXIV. 
Provided also and be it enacted by the Authority aforesaid That nothing in this Act shall extend or be construed
to extend to make any Shipps (not in the Service of the said Governor and Company of Merchants of London
trading into the East Indies) which were cleared outwards from England or else where for the East Indies or Limits
aforesaid before the First Day of July One thousand six hundred ninety eight or the lading thereof (so as they return
into some Port of this Kingdom without breaking Bulk in any Part of Europe to be liable to any of the Penalties
or Forfeitures in this Act Any thing herein contained to the contrary notwithstanding.
LXXV. 
The said Company making Dividends after 24th June 1698, before Payment of their Debts, the respective Members liable so far as their Shares upon such Dividends shall extend to pay, besides Double Costs.
And be it enacted by the Authority aforesaid That the Governor and Company of Merchants of London trading
into the East Indies shall pay and discharge all just Debts whatsoever which the said Governor and Company do
owe or are subject to and that all and singular the Manors Lands Tenements Goods Wares Merchandizes Chattels
Real and Personal as well granted and confirmed to them and their Successors by any Letters Patents under the
Great Seal of England heretofore made or by the Concessions and Grants of any Person or Persons whatsoever or
of which they now are or hereafter shall be seized or possessed by any Manner Ways or Means whatsoever shall
be and are hereby declared to be subject unto and chargable with the Payment of the said just Debts And if at
any time from and after the Four and twentieth of June One thousand six hundred ninety eight the said Governor
and Company or any other Person or Persons shall make any Dividend or Dividends of their Stock or Estates or
any Part thereof or of any of the Effects or Produce of the same before the full Payment and Satisfaction of their
said just Debts in every such Case the particular Members and every of them respectively who in their Private
or Personal  Capacities shall receive any Share of such Dividend or Dividends shall be severally liable and they
are hereby made liable so farr as their respective Shares so by them respectively received upon such Dividend or
Dividends shall extend to pay and satisfy the said Debts or such of them which shall remain due and unpaid to
any other Person or Persons Bodies Politick or Corporate who by virtue of this Act are severally enabled to sue
for and recover the same besides Double Costs of Suit by Action of Debt or of the Case as is before mentioned
Any thing in this Act or any Law Statute Usage or Prescription to the contrary notwithstanding.
LXXVI. 
If by any Dividends their Debts at any time exceed their Capital Stock, the respective Members liable, so far as the Shares they received upon such Dividends will extend, besides Costs.
Provided always and be it enacted That every Society Company or Corporation whatsoever which shall be
erected or established in pursuance of this Act and their Successors respectively shall take care that the Sum Total
of all the Debts which such Society Company or Corporation respectively shall owe at any one time to any other
Person or Persons Bodies Politick or Corporate doe not exceed the Value of the Principal or Capital Stock or
Stocks which at any such time shall be & remain to such Society Company or Corporation undivided and that in
case any such Society Company or Corporation by any Dividend or Dividends whatsoever to be made amongst
themselves or in their Private or Personal Capacities shall reduce or lessen their Joynt Stock Principal or Capital
without limiting paying off or proportionably reduceing the total Sum of the said Debts which they shall owe
to others as aforesaid so that the Value of their Joynt Stock Principal or Capital undivided shall not be sufficient
to answer their just Debts then remaining unpaid in every such Case the particular Members and every of them
respectively who in their Private or Personal Capacities shall receive any Share of such Dividend shall be severally
liable and they are  hereby made liable so farr as the respective Shares so by them respectively received upon
such Dividend or Dividends shall extend to pay and satisfy the Debts which shall remain due and unpaid by

such Society Company or Corporation respectively to any other Persons or Bodies Politick or Corporate as aforesaid
who by virtue of this Act shall and may sue for and recover the same besides Costs of Suit by Action of Debt
or of the Case as is before mentioned Any thing in this Act or any other Act Law Usage or Custom to the
contrary notwithstanding.
LXXVII. 
The rest for Land and Sea Service; Treasury to apply the said Monies accordingly.
Provided always and it is hereby enacted by the Authority aforesaid That out of the Moneys which shall be
contributed or advanced by this Act and out of the Moneys which by Loans or otherwise upon any other Act or
Acts of this present Session of Parliament for granting of any Aide or Supply to His Majesty shall arise (over and
above the Moneys by them or any of them appropriated directed or authorized to be applied for any particular
Use or Uses Purpose or Purposes therein mentioned) the Sums following shall and may be applied issued and
disposed (that is to say) the Sum of Twenty nine thousand two hundred and nine Pounds to defray the Expence
and Charges of His Majesties several Mints and to clear the Moneys which are due to the several Importers there
and the Sum of Four hundred thousand Pounds for defraying the Expences of His Majesties Houshold and Family
and other necessary Occasions of the Civil Government over and above the Sum not exceeding Six hundred thousand
Pounds which in and by one Act of this Session intituled An Act for granting to His Majesty an Aid by a
Quarterly Poll for One Year is to be made use of for paying of Tallies and other Purposes therein mentioned
and that out of the Moneys to be advanced or to arise as aforesaid such Sums as shall be necessary to satisfy
the Premiums or Rewards due or to be due  to such as have contracted or shall contract to advance Moneys
from time to time for exchanging or circulating the Bills commonly called Exchequer Bills shall and may be in
like manner applied and disposed and that all other the Moneys which shall be advanced upon this Act or arise
by Loans or otherwise as aforesaid upon any other Act or Acts of this present Session of Parliament (other than
and except as is before mentioned) shall and may be applied and the same are hereby appropriated for and towards
the Payment and Satisfaction of such Sum and Sums of Money as are or shall be due owing or payable for Land
and Sea Services performed and to be performed and the Charges and Expences relating thereunto or some of
them so farr as the said Money will extend And the Commissioners of His Majesties Treasury now being and
the Tresurer and the Under Treasurer of the Exchequer and Commissioners of the Treasury for the time being
are hereby directed authorized and required to cause all the Moneys to be advanced or arising as aforesaid to be
applied issued and paid accordingly.
LXXVIII. 
And to the End the Sums by this Act appropriated may not be diverted or applied to any other Purposes than
are hereby directed and intended Be it further enacted by the Authority aforesaid That the Rules and Directions
appointed and enacted in one Act made in the First Year of His Majesties Reign intituled An Act for granting to
Their Majesties an Aid of Two Shillings in the Pound for One Year for the speedy Payment of Money thereby
granted into the Receipt of the Exchequer by the Collectors and Receivers and for the Distribution and Application
thereof and keeping distinct Accounts of the same and all other Provisions Pains Penalties and Forfeitures thereby
enacted in case of Diversion or Misapplication of any Money thereby appropriated are hereby revived and enacted
to be in force and shall be practised applied executed and put in Ure for and concerning the Distribution and
Application of the said Sums hereby appropriated as fully amply and effectually as if the same were here again
particularly repeated and re-enacted.
LXXIX. 
Bank Bills may be received in all Payments to the King, until the End of the next Session of Parliament; but not when they are at any Discount.
And whereas by an Act made and passed in the Session of Parliament held in the Eighth and Ninth Years of
His Majesties Reign intituled An Act for the better Observation of the Course antiently used in the Receipt of
Exchequer It is (amongst other things) enacted and declared That from and after the Twenteth Day of April
One thousand six hundred ninety seven no Teller in the said Receipt of Exchequer should charge himselfe by his
Bill with the Receipt of any Moneys in the Exchequer but at such time as the Officers of the Tally Court their
Deputies or Substitutes should be there present to levy a Tally or Tallies for the same nor should any Teller or
other Person imployed by him throw down or cause to be thrown down into the said Court any Bill or Bills
owning or purporting the receiving any Sum or Sums of Money from any Lender of Money Receiver or any
other Person or Persons whatsoever upon which Bill or Bills a Talley or Tallies are to be levied according to the
Course of the said Receipt unlesse such Teller respectively or his Clerks or Persons imployed by him should have
actually received and have then in the Office the very Money which should be specifyed in such Bill or Bills
respectively (except as therein is excepted) under the Penalties therein mentioned Be it enacted by the Authority
aforesaid That it shall and may be lawfull for the Lord High Treasurer or any Three or more of the Commissioners
of His Majesties Treasury for the time being if he or they shall think fit and it be found safe and expedient
for His Majesties Service to permit and direct the Tellers of the said Receipt of Exchequer or their Clerks from
and after the Tenth Day of July One thousand six hundred ninety eight to receive from Commissioners Receivers
Collectors or other Persons making any Payments to His Majesty at the said Receipt of His Exchequer upon any
Account whatsoever or upon Loans Bills under the Seal of the Governor and Company of the Bank of England
commonly called Bank Bills as shall be tendred in Payment for any Aids Taxes Revenues or Loans whatsoever
unto the End of the next Session of Parliament and no longer Any thing in the said recited Act or in any
other Act or Acts of Parliament or any Custom or Usage to the contrary in any wise notwithstanding Provided
that none of the said Bank Bills shall be so taken in the Exchequer when the same are at any Discount.