Receipt for Annuity of £175. black. No 5215. Complete paper, as opposed to previous lot. Payment to Robert Earl of Lindsey, Lord Willoughby of £175 by Her Majesty's Exchequer as three months interest on a £5000 government bond. 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, to be repaid out of the proceeds as they came in. Signed by the Earl of Lindsey. Later on, hebecame the 1st Duke of Ancaster and Kesteven and Marquess of Lindsey (1660-1723). He became Lord Great Chamberlain and Lord Justice.
Themes: BEFORE 1800, CITY & STATE BONDS
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