Appropriation of Revenue Act 1700

1. Introductory Text

2. Recital of Stat. 9 W.III. c.23. § 11.

3. II. How £96,200 for the first 26 Weeks to be paid...

4. III. Residue of the Branches of Excise, &c. chargeable with the yearly Sum of £700,000 to be for the Use of the King's Household and Family, &c.

5. IV. Clauses touching the Overplus in Stat. 9 W. III. c.23. repealed.

6. V. Commissioners of Excise to make the said weekly Payments into the Exchequer.

7. VI. Commissioners neglecting, &c. to pay the same,

8. VII. Comptroller of Excise to keep Account of Monies arising by particular Branches of Excise.

9. VIII. Auditor of Exchequer to enter in a Book the Monies...

10. IX. Persons may lend £820,000 on the weekly Payments, &c.

11. X. Interest at £6 per Cent. per Ann. for the first £400,000; and £7 per Cent. per Ann. for the Residue.

12. XI. Orders for Repayment assignable.

13. XII. Money lent not to be taxed.

14. XIII. Register of Orders to be in course.

15. XIV. And Money liable in the same Order.

16. XV. No Fee for making Registers, &c.

17. XVI. Officer making undue Preference,

18. XVII. Auditor not directing, and Teller, &c. not making Payment in course, Penalty.

19. XVIII. Penalties how recovered.

20. XIX. No undue Preference, where Orders bear Date the same Day, which is first entered, &c.

21. XX. Nor if the Tellers pay subsequent Orders, &c; if sufficient Money reserved in Bank.

22. XXI. Charge of collecting, &c. how to be defrayed.

23. XXII. Moneys may be lent on the last £420,000 without staying till the preceding £400,000 be lent, &c.

24. XXIII. Proviso concerning the Bank of England paying Dividends, &c.

25. XXIV. In lieu of the perpetual Annual Payments out of the Excise granted by King Charles II. the hereditary Excise, after 25th Dec. 1705, shall stand charged with the Annual Payments of £3 per Cent.; without Fee or further Warrant.

26. XXV. Recital of Stat. 11 & 12 W.III. c. 10. § 6.