THE ORIGINAL NATIONAL DEBT DETHICK (Edmund)

Fine Receipt Document Signed to the Exchequer for £7, being 3 months' Annuity due at "Midsummer last past", on £200 advanced to the Exchequer on 9th February 1693 (new style 1694) "towards carrying on a Vigorous War against France", printed with MS additions and original corrections, 1 side 14½" x 9½", the receipt 31st October

The 14% Annuities were to be paid out of duties on "beer, ale and other liquors". Contributions up to £1,000,000 were invited by 1st May 1693 (see 4 William & Mary, 1692, c. 3), to be repaid during the single life of the contributor or his nominee at 10% p.a. till 1700, thereafter at 7%. But the same Act provided that if the £1,000,000 were undersubscribed, additional contributions at 14% on single lives could be accepted up till Michaelmas, 29th September 1693, and many held out for this better offer. Still undersubscribed, the terms were renewed by 5&6 William and Mary, c.7.

Item Date:  1702

Stock No:  51645      £475

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