Receipt for Annuity Payment of 17 Pounds. black. No 3815-18. Cut borders, but the printed text is complete. Payment to Sir Robert Clayton of 17 pounds and 10 (?) Shillings by Her Majesty's Exchequer as three months interest. The loan was based on an act for granting an aid for carrying on the war against France. Such 'aids' were specific taxes granted by Parliament to the Government for specific purposes, almost always war. By this means Parliament retained some control over the Government ability to declare war. In common with all taxes granted, as soon as the necessary Bill had passed Parliament, the Exchequer would borrow money from the public on the security of the tax to be collected (in this case on beer, ale and other liquors), to be repaid out of the proceeds as they came in. Very early date.
Themes: BEFORE 1800, CITY & STATE BONDS
Startprice: € 240