An Act for restraining the takeing of Excessive Usury (1609)
| Artifact Summary | |
|---|---|
| Artifact type | Statute |
| Creator/author | Parliament of England |
| Date | 1609 |
| Period | Stuart |
| City and country of origin | |
| Abstract | |
Entry
[Statutes of the Realm, Vol. V (1625-1680), VOL. V, CHAPTER XIII.]
FORASMUCH as the Abatement of Interest from Ten in the Hundred in former times hath been found by
notable experience beneficiall to the Advancement of Trade and Improvement of Lande by good Husbandry with many other considerable advantages to this Nation, especially the reduceing of it to a nearer proportion with Forraigne States with whom wee traffique, And wheras in fresh memory the like fall from Eight to Six in the Hundred by a late constant practise hath found the like Successe to the generall contentment of this Nation as is visible by severall Improvements. And whereas it is the endeavour of some at present to reduce it backe againe in practice to the allowance of the Statute still in force to Eight in the Hundred to the great discouragement of Ingenuity and industry in the Husbandry Trade and Commerce of this Nation. Bee it for the Reasons aforesaid Enacted by the Kings most Excellent Majestye and the Lorde and Commons in this present Parliament assembled That noe person or persons whatsoever from and after the twenty ninth day of September in the yeare of our Lord One thousand six hundred and sixty upon any Contract shall from and after the said twenty ninth (*) of September take directly or indirectly for Loane of any (Moneys] Wares Merchandice or other Commodityes whatsoever above the value of Six Pounde for the Forbearance of one Hundred Pound for a Yeare, and soe after that Rate for a greater or lesser Summe or for a longer or shorter time, And that all Bonde Contracts and Assurances whatsoever made after the time aforesaid for payment of any principall or money to be lent or covenanted to be performed upon or for any Usury, wherupon or whereby there shall be reserved or taken above the Rate of Six pounde in the Hundred as aforesaid shall be utterly void, And that all and every person and persons whatsoever which shall after the time aforesaid upon any Contract to be made after the said twenty ninth day of September take accept and receive by way or meanes of any corrupt Bargaine Loane Exchange Cheivesaunce Shift or Interest of any Wares Merchandise or other thing or things whatsoever, or by any deceitfull way or meanes or by any covin, engine or deceitfull conveyance for the forbearing or giveing day of payment for one whole yeare of and for their Money or other thing above the Sume of Six pounde for the forbearing of One hundred pounde for a yeare, and soe after that Rate for a greater or lesser Summe or for a longer or shorter Terme shall forfeit and loose for every such offence the treble value of the Moneyes Wares Merchandize and other things soe Lent Bargained Sold Exchanged or Shifted;
Forafmuch
AM Ach for a perpetuall Anniversary thanksrineing.on the nine and taventveth day of Yay
Forasmuch as Almighty God the Eing of kings and sole disposer of all earthly Crowned and kingdomer Gath Go Gis alsaving promidence and pouser miraculously- demonftrated in the bread of all the world his than President mezty Cone and gratiousnes towards his most excellent Maiesty Harles the second by Gis especiall grate of England Rotland france and Greland king Defender of the two- faith and all his maiestyes loyall fubiects of this gir kingdome of England and the Sominions thezunto annexed by his Maiestres late most wonderful glorious peatable- and is fill reftauration to the attriall poffeffion and Je exercise of his undoubted Gereditary Soneraigne and legall authority ones them. (after sundry redzes forted extermina. :tion into forzdigne parts by the most traiterous. roufpirities and armed power of usurping Fizants and exerzable perfidious Fraiters, and that esithout the leaft opposition of effusion of of blood blood through the unanimous - tordiall Covall votes of the Cords and Commons in this present parliament affembled and passionate defizes of all other his maieftres fubiects. Hich unexpressible Glething by Gods owne most wonderfull dispensation) -
པ V ་
harles II Chapter XIV
and figuall de linezantes both of his Maiestic and Gis people from all theiz Cate most deplorable confinsions Documents (talk) dinisions was devastations and oppreffions to the end that it may Go fepto in perpetuall remembrance in all ages to tollie, And that Gir Sarzed waiesty with all his subierto of this tealime and the dominions thereof and theiz- posterities after them might auunnally relebrate the perpetual memory thes of by Sacrifireing their unfaigued hearty publique thanks the zou to Almighty God with our heart- and Coire in it most devout and christian manner for এট- these publique benefits pereined and rouferred on them upon this mostioyfull day, See it therefore enacted by the kings most extement Waiesty the Cords and Connnons in this – present Parliament assembled and by the authority of all and singular Ministers of Bods word in enezy Huzeh Chappell and other dinine Seruite And pub
and
the same that all ans and Parzamento iin en and other word usuall plate of divine s And publique pravez logich now are or Gerefter hall be within this Realme of England and the refpertine Dominions the of and their suttesfors shall in all furreeding ages anally telebytte the twenty ninth day of way by rendering their Gearty publique praises and thanksginings unto Almighty Bod for all the forementioned extraordinary merres blessings and delivermutes pereined, and nighty drto dove thereon and declare the same to all the people these affem Cled and the - generations yet to come that see they may for ever praise the Cord for the same, whose name alone is excellent, and Gis glory aboue the earth and heavens. And See it further cuarted that all and cuery person and perfons inhabiting within this kingdome and the Sominions theruuto belonging
or
scriveners taking
AND be it further Enacted by the authority aforesaid That all and every Scrivenor and Scrivenors Broker and Brokers Sollicitor and Sollicitors Driver and Drivers of Bargaines for Contracts who shall after the said twenty nineth day of September take or receive directly indirectly any Summe or Summes of Money or other reward Loan of £100 for thing for Brokage Solliciting Driving or Procureing the Loane or forbearing of any Summe or Summes of Money over and above the Rate or Value of five shillings for the Loane, or and soe rateably,
or
forbearing of one hundred pounde for a yeare
12d. for making,
a Year, or above
&c. Bonds, &c
or above twelve pence for [the] making or renewing of the Bond or Bill for the Loane, or for forbearing thereof, or for any Counterbond or Bill concerning the same shall forfeite for every such Offence twenty pounde and have Imprisonment for halfe a yeare; The one moyety of all which forfeitures to be to the Penalty £20 King our Soveraigne Lord His Heires and Successors, And the other moyety to him or them that will sue for the same in the same County where the severall Offences are committed and not elsewhere by action of Debt Bill Plaint or Information, in which noe Essoigne Wager of Law, or protection to be allowed
and Imprisonment
