October, 1646
[13 October, 1646.]
Who shall have the benefit of this security.; Any person may assign his Debt upon the publique Faith.
The Lords and Commons assembled in Parliament, intending
to raise the sum of Two hundred thousand pounds, for the
present service of the State, for the encouragement of such as
shall advance any sum for and towards the same, and to the intent they may have notice thereof, do Declare, That every Person
who hath advanced any Moneys, Plate, or Horses, with their
Furniture and Arms, upon the Publique Faith, may for every sum
of Money he shall further lend for the advancement of the said
Sum, be secured a like sum more out of the Receipt of the Grand
Excise in course, and the sale of the Bishops Lands, (except
Advowsons and Impropriations) which shall first happen, together with the Interest, after the rate of 8 li. per centum, per
annum, to be paid every six Moneths out of the Receipts of the
Excise, till Principal and Interest be fully discharged, As for
example, If there be owing to any person 100 li. Principal, which,
with Interest due thereupon for three years past, will make 124
li. he adventuring 124 li. more, may be secured for the whole
248 li. as aforesaid; and so proportionably for a greater or lesser
sum, and according to the Interest due thereupon. And for the
more speedy re-imbursing of the said Money secured and lent for
the purpose aforesaid, That the said Lands of the Bishops (except
before excepted) are estated and made over to such Feoffees for
the speedy sale thereof, and such Treasurers for the receipt of
the Moneys, as may give satisfaction to the Lenders. And the
said Lords and Commons do Declare, That it shall and may be
lawfull for any Person or Persons to assign his Right and
Interest in any sum or sums of Money owing to him upon the
Publique Faith, as aforesaid, to any Person or Persons that will
advance the like sum, in manner as is before expressed.