June, 1649
[27 June, 1649.]
Ord. of 13 Oct. 1646, recited.; Ord. of 16 Nov. 1646.; Excise to be charged with sums paid out of proceeds of sale of bishops' lands to lenders on the public faith.
Whereas the Lords and Commons assembled in Parliament, by
their Ordinance of the thirteenth of October, 1646. Intending
to raise the said sum of 200,000l. for the service of the State;
Did Declare, That every person who should advance Moneys,
Plate, &c. upon the Publique Faith, might for every sum of Money
hee should so lend, bee secured a like sum more out of the Grand
Excise in course, or by Sale of the Bishops Lands, which should
first happen, together with interest, according to 8l. per centum,
per annum to be paid every six months out of the Receipts of the
Grand Excise, till Principall and Interest bee fully discharged.
And whereas by the said Ordinance of the 16th of November,
1646. It is Ordained, That in case the 400,000l. so secured, or
such part thereof, as shall not be satisfied by the sale of the said
Bishops Lands, that then the Commissioners for the Grand Excise,
should bee, and are thereby charged and chargeable to pay the
said sums, with interest as aforesaid, or so much thereof as should
be due and unpaid, and should begin to pay the same, when they
should have in ready money one fourth part of the whole Debt,
that should be owing to the lenders in course, as they did pay in
their moneys, with the interest then due. And whereas by the
sale of the said Lands the sum of 350,000l. or thereabouts, is
already satisfied to the said Lenders, together with interest,
according to 8l. per centum per annum, which therefore ought
not to stand charged on the said Excise as a Debt to bee paid
the said lenders; but neverthelesse may remain and bee charged
for the service of the Common-wealth: The Parliament taking
the same into consideration, together with the pressing necessities
for the speedy reliefe of Ireland, Doe Enact and Ordaine, and bee
it Enacted and Ordained, by the authority of this present Parliament, That so much of the said 400,000l. as is already, or shall be
satisfied to the said Lenders by the Sale of the said Lands, shall
neverthelesse stand charged upon the said Receipt of the Excise
for the service of the Commonwealth, to bee paid by the said
Commissioners in course as is directed in the said Ordinances and
as ought to have been paid to the said Lenders, had they not been
satisfied by the Sale of the said Lands.
And it is hereby further Enacted and Ordained, That the said
Commissioners do issue out the said sums hereby declared to stand
charged as aforesaid, for the service of the Commonwealth,
according to such Orders and Directions as they shall from time
to time receive from the Councell of State; And the Receipt of
the person or persons so authorized to receive the same, shall be
a good discharge to the said Commissioners.