November 1642: Ordinance for repaying Money lent upon the Propositions.

November 1642

[29 November, 1642.]

P. 468.

The Lords and Commons in Parliament assembled, taking into Consideration the great Necessity of speedy levying considerable Sums of Money, for the carrying on the great Affairs of this Kingdom, assaulted by the subtile Endeavours of many Enemies both at Home and Abroad: and having, for this Purpose, lately passed an Ordinance of Parliament, for the assessing of such Persons in a fit Proportion, who have not as yet contributed upon the Propositions of both Houses; notwithstanding which, a timely Provision of Money cannot be made unless some well-affected Persons shall, upon the Credit of the said Ordinance, presently advance a considerable Sum of Money: For the better encouragement thereof, and of such Persons, and for their Security in the punctual Re-imbursements of their Monies they shall now lend, the said Lords and Commons do Ordain and Declare, and be it Ordained and Declared, That all such Persons as aforesaid, who shall advance present Monies upon the Credit of the aforesaid Ordinance, shall herein perform a very acceptable Service to the Parliament and Kingdom and shall be repaid all such Sum or Sums of Monies, so advanced upon the Credit of the Ordinance aforesaid, so soon as the Monies coming in upon the said Ordinance shall enable thereunto: And, to the End the said Monies arising from the aforesaid Ordinance be by no Means diverted, it is further Ordained, by the said Lords and Commons, That the Treasurers appointed for the Subscriptions of Money and Plate in Guildhall, London, shall receive the said Monies, and give Acquittances for the same, and detain deposited in their Hands so much of the Monies arising upon the aforesaid Ordinance, as will satisfy and discharge all such Loan of Monies, upon the Credit of the said Ordinance, which shall be advanced for the present Occasions of the Parliament and Kingdom; and the said Treasurers shall be hereby further authorized to issue out the Monies so deposited in their Hands to all such Persons severally and respectively as shall now lend the same as aforesaid, upon the Warrant of the Committee of Lords and Commons, or any Three or more of them, who are appointed for the Advance of the said Monies; and the said Committee are hereby authorized to grant out their Warrants, from Time to Time, for the Purpose aforesaid; and are to take Care that this Ordinance be punctually performed, according to the true Intent thereof.