May 1643
An Ordinance concerning 23000l. lately lent by the Lord Major, Aldermen and Commons of London, to be repaid out of the Debts, and Rents of Houses gathered by the Collectors.

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History of Parliament Trust

Publication

Author

C.H. Firth, R.S. Rait (eds)

Year published

1911

Supporting documents

Pages

143-144

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'May 1643: An Ordinance concerning 23000l. lately lent by the Lord Major, Aldermen and Commons of London, to be repaid out of the Debts, and Rents of Houses gathered by the Collectors.', Acts and Ordinances of the Interregnum, 1642-1660 (1911), pp. 143-144. URL: http://british-history.ac.uk/report.aspx?compid=55810 Date accessed: 20 September 2014.


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May 1643

[6 May, 1643.]

Whereas upon a motion made by a Committee of Lords and Commons, in the name of both Houses of Parliament, for the sum of threescore thousand pounds to bee advanced by the Citizens of London, for supply of the necessities of the Army, the Lord Major, Aldermen, and divers of the Commons of the said City by vertue of an Ordinance of the 28. of February last did advance 23000li. or thereabouts, which by another Ordinance of the 5 of Aprill was to be repaid together with 40000li. more, or thereabouts, lent and advanced by the Lord Major and Aldermen alone: with consideration for the forbearance thereof, after the rate of 8. per centum per annum for the same, out of the first moneys to be raised by the weekly Assessement, in the City of London and Liberties thereof.

And whereas the said Lord Major, Aldermen, and Commons, are contented that the first three and twenty thousand pounds that shall bee repaid out of the weekly Assessements shall bee set apart to bee forthwith sent to the Army, to supply the present pressing necessities thereof, and to bee repaid the same after the said 40000li. with the forbearance thereof as aforesaid is fully satisfied: And whereas the Commons of London, in CommonCouncell assembled, have undertaken to doe their utmost endeavour to advance and lend 17000li. to bee forthwith also sent unto the Army, to bee repaid with the 23000.li. as aforesaid.

23000 li., lent by Lord Mayor and others, to be repaid out of Weekly Assessment, after payment of 40000l. previously lent by Lord Mayor and Aldermen.

All which advance of moneys, is understood and taken to bee a very acceptable service, and tends very much to the preservation of Religion, Laws and Liberties, and the safety of the Parliament, City, and Kingdom. It is therefore Ordained and Declared by the Lords and Commons assembled in Parliament, that as well the said 23000li. as also such other moneys as shall bee advanced as aforesaid, shall be repaid with consideration for the forbearance thereof, after the rate as aforesaid, out of the first moneys to be raised upon the weekly Assessement, to bee collected in London and Liberties, after the 40000.li. sent and advanced by the Lord Major and Aldermen is fully satisfied as aforesaid, and out of the first money collected, or to be collected out of the weekly Assessements, in the City of Westminster, the Borough of Southwark, the severall Parishes in the weekly Bills, and in the rest of the County of Middlesex, as also in the Counties of Hertford, Essex and Suffolk, as also out of the first moneys that shall bee raised out of the Assessements-of such persons throughout the Kingdom (not above the twentyeth part of their estate, or the fifth part of their Annuall revenue) as have not contributed upon the Propositions of both Houses, or not proportionably to their Estates, according to an Ordinance of the of May: And for their further security and encouragement, it is likewise Ordained by the Lords and Commons aforesaid, that as well Sir Gilbert Gerrard Baronet, Treasurer of the Army, as also Sir Iohn Woollaston Knight, Iohn Warner, Iohn Towes, and Thomas Andrewes, Aldermen of the Citie of London, appointed Treasurers for the receipt of the said moneys respectively, shall repay the said severall sums as aforesaid, and shall not issue the said monies to any other purpose whatsoever, untill the same shall bee fully satisfied as aforesaid. And it is further Ordained, that such sums of money as were advanced and not repaid; according to an Ordinance of the 29. of November last, shall be repaid out of such monies as are or shall bee raised by vertue of severall Ordinances passed in and about the said November, for Assessing of such persons within the Citie of London and Liberties thereof (not above the 20. part of their estates) as have not contributed upon the Propositions of both Houses, or not proportionably to their estates, as also out of such monies as shall bee raised by vertue of the aforesaid Ordinance of the of May aforesaid.