A. D. 1698. Anno nono & decimo Gulielmi III. C. 44. 737 to them by Parliament, and to prevent the Corporation or Corporations, Society or Societies, Fcllowfliip or Fellowfnips, Company or CompanicE, Conftitution or Confticiitions, which fliall or may be eflabhflucl by virtue of this Adt, from interfering with, or being prejudicial to, the faid (Governor and Company of the • in il-.c Record Banlc of Englmid; Be it cnafted by the Authority aforefaid, That it fliall * not be lawful to or for the Cor- '^ 'S shall M.a poration or Corporations, Society or Societies, Ftllowflrip or Lellowfliips, Company or Companies, Con- '"•" *■'"•■ l"*'^"'. Ititution or Conltitutions, which Ihall or may be cftablidied by virtue of this A6t (as a Corporation, So- fh^' 0^'"' rs' ciety, Fellowfhip, Company, or Conftitution) to borrow, owe, or give Security for any Sum or Sums of ciuv icTto "" Money, on Credit of any public Fund or Funds hereby granted, or any Part thereof; and that it fhall not Imno'w cii Cic- be lawful for the faid Corporation or Corporations, Society or Societies, Fcllowfliip or I'cUovvfhips, Com- 'I'l "t" the Fundi onftitiitions, which fliall or may be eftabliflicd by virtue of this AQ, ^ '^" ^^ to b'orrovv', owe, or give Security for any other or greater Sum or Sums of Money, than fuch as {hall be e;^""'^' '">' »"y ■ "■"■..►;„ „„,i r,... .1,,. u : „r /-^ !. t>..ii' .. _.. f^ !•.■ . 1 "iiici- ftums than really and_ bona fide expended and laid out in and for the buying of Goods, Bullion, or Commodities to be cn.j.loytd in exported for the proper Account of the faid Corporation or Corporations, Society or Societies, Fcllowfliip TiaJc. orFellowfliips, Company or Companies, Confl:itution or Conflitutions, which fliall or may be eflabliflied ionics /Ji.l! be by virtue of this Acf, or fliall be otherwife employed in their Trade ; all which Sum or Sums of Money, bonowed only fo to be borrowed for the Purpofe aforefaid, fliall be borrowed only on their Common Seal, and fliall not "" their Com- be made payable, or bona fide, agreed to be paid, at any Time lefs than fix Months, from the Time of the """" ^<^"'> ="<• borrowing thereof ; and that it fliall not be lawful for the Corporation or Corporations, Society or Socie- "'"'.'T;^'?^ l'* ties, Fellowfhip orFellowfliips, Company or Companies, Conftitution or Conftitutions, v.diich fliall or Month's/" '" may be eftabliihed by virtue of this Aft, to difcount any Bills of Exchange or other Bills or Notes what- Coirp.in'y may. foever, or to keep any Books or Cafli, of or for any Perfon or Perfons, Bodies Politick or Corporate what- nnt difcount foever, other than only the proper Monies and Cafli of the faid Corporation or Corporations, Society or So- ^^ of Ex- cieties, Fellowftiip or Fellowfhips, Company or Companies, Conftitution or Conftitutions, which fliall or J;ci,,^c'am'f' °^ may be eftabliflied by virtue of this AEt. a'n)Pt:rfonwLt-. LXXVI. And the faid Commons of England in Parliament aflcmbled, for the Ends and Purpofes in this foever, KSc exprefled, have alio given and granted unto His Majefty, His Heirs and Succeflbrs, the further Rates and Duties herein after mentioned ; and it is hereby further enafted by the Authority aforefaid. That for An additional and upon all Goods, Wares, and Merchandizes whatfoever, of the Growth, Produdt, or Manufacture of ""tyf s'- I'^r the Eajl Indies, or any other Countries or Places within the Limits aforefaid, to wit, beyond the faid Cape ^'I'i'T-^'"' '" to the Streights oi Magellan, v/hich from and after the faid nine and twentieth Day of September one thou- imp„!"cd fcc"^ fand fix hundred ninety-eight, at any Time or Times fliall be imported or brought into the Kingdom of' Contin'ied by England, Dominion of Wales, or Town of Berwick upon Tweed, by any Corporation, Perfon or Perfons, ioAnna.-,c.aS.' trading within the Limits aforefaid, by virtue or in purfuance of this A£t, there fliall be yielded and paid to His Majefty, His Heirs and Succeflbrs (over and- above all other Duties payable for the fame) a Duty after the Rate of five Pounds for every one hundred Pounds of the true and real Value of the faid Goods ; to be paid over from time to time to the faid General Society of Subfcribers, and their Succeflbrs, or iuch To bspaid over Treafurer or Treafurers, as fuch Society fhall appoint to receive the fame, unlefs a Company, upon the '=> '.'1= General Deflre of the Subfcribers or any of them, fliall be erefted in jiurfuance of this Aft, to trade with a Joint ^""'^^J^ ^ ^°' Stock, as aforefaid ; and from and after the erefting or fettling of fuch Company, then the faid Duty of five AmLffadofs &c Pounds per Centum fliall be paid over to fuch Company, and their Succeflbrs, or to their Treafurer, to tlie ' end that the faid General Society, and the faid Company refpeftively, may out of the Produce of the faid Duty of five Pounds ^^r Centum maintain fuch AmbafTadors, or other Minifters, as His Majefty, His Heirs or SucceflTors (at the Nomination of the Truftees, Direftors, or R'lanagers, of or for the General Society aforefaid, or of fuch Company fo to be impowered to trade with a Joint Stock, as aforefaid) fhall be pleafed to fend to any Emperor, Prince, or State within the Parts aforefaid, and defray any other extraordinary or neceflary Expences, in carrying on the .faid Trade ; and if at any Time or Times there be an Overplus Overplus, if any, of the Produce of the faid Duty, to dilpofe the fame, from time to time, to and for the Benefit of all the how to bedil-' Members of the faid General Society, until a Company to trade with a Joint Stock fliall be erefted, as P"'^ aforefaid ; and after fuch Company fliall be erefted, then to and for the Benefit of all the Members tiiereof, according to their rcipeftive Shares or Literefts in the Principal or Capital Stock of the fame. LXXVIL And for the better raifing, levying, and fecuring the faid Duty, after the Rate of five Pounds Security tn be in the Plundred, it is hereby further enafted. That upon the Importation of any fuch Goods, as aforefaid, g'^'t^" fov Pay- liable thereunto, an Entry or Entries thereof fliall be made in the Cuftom-houfe Vv'here fuch Goods fliall be '^""'I'j,"' imported, and before the Landing thereof the Importer or Importers of the fame fliall give Security (which '^^^ '""^ " ■^' the Commiflioners or proper Officers of the Cuftoms are hereby required and impowered to take) for Pay- ment of the faid Duties, after the Rate of five Pounds in the Hundred upon the faid Goods, as foon as the fame fliall be fold, the Value thereof to be reckoned according to the grofs Price at which fuch Goods fliall be fold ; and that in cafe any fuch Goods fhall be landed or put on Shore out of any Ship or Veflcl, be- Goods khddd fore due Entry be made thereof at the Cuftom-houfe, in the Port or Place where the fame fliall be im- l^^iore Duty re- ported, and the Duties hereby inipoli^d fliall be fecured, or without a Warrant for the landing or deliver- ^e'forfeite'd. ing of the fame, firft figned by the Commiffioners, Colleftors, or other proper Officer or Oificcrs of the Cuftoms refpeftively, that all fuch imported Goods as fliall be fo landed, or put on Shore, or takei'i out of any Ship or Vefli:!, contrary to the true Meaning hereof, or the Value of the fame, fhall be forfeited, and Ihall and may be recovered of the Importer or Proprietor thereof; to wit, one Moiety of the fame to the Ufe of His Majefty, His Heirs and Succeflbrs, and the other Moiety to the Ufe of fuch Perfon or Perfons as will feize the faid Goods, or fue for the fame, or the Value thereof, by Aftion, Bill, Suit, '.or Infor- mation, as aforefaid. LXXVIII. And it is hereby further enafted. That the faid Duty of five Pounds in the Hun<lred fliall be t, „ '„f„"f|,' '" from time to time under the Management and Government of the CommiiTioners of the Cuftoms for' the the'commimon- time bein^, who fhall caufe the fame to be raifed, levied, collefted, and paid, to the Plands of the Re- ejsof theCuf- VoL. in. 5 B ceivcr toms.
