Lot 32
Bank of England.- William & Mary. An Act for Granting...Rates and Duties upon Tunnage of Ships and Vessels..towards...the War against France, 1694.
Hammer Price: £1,200
Description
Bank of England.- William & Mary. An Act for Granting to Their Majesties several Rates and Duties upon Tunnage of Ships and Vessels, and upon Beer, Ale and other liquors...towards...the War against France, text in black letter, wide margins with contemporary ink manuscript annotations summarising the essential clauses of the Act (rather faded but legible), light marginal water-staining, lacking final blank, modern half calf, red morocco label to spine, folio, by Charles Bill..., 1694.
⁂ This is the "Ways and Means Act" of 1694, also known as the Bank of England or Tonnage Act [5 & 6 William & Mary cap. 20] which established not only the legal foundation to the Bank of England but also regulated its powers in numerous clauses throughout. Incorporated thus in 1694 as a private institution with special privileges, the Bank's charter was later interpreted to mean the prohibition of other joint stock banks in England until 1826.
Description
Bank of England.- William & Mary. An Act for Granting to Their Majesties several Rates and Duties upon Tunnage of Ships and Vessels, and upon Beer, Ale and other liquors...towards...the War against France, text in black letter, wide margins with contemporary ink manuscript annotations summarising the essential clauses of the Act (rather faded but legible), light marginal water-staining, lacking final blank, modern half calf, red morocco label to spine, folio, by Charles Bill..., 1694.
⁂ This is the "Ways and Means Act" of 1694, also known as the Bank of England or Tonnage Act [5 & 6 William & Mary cap. 20] which established not only the legal foundation to the Bank of England but also regulated its powers in numerous clauses throughout. Incorporated thus in 1694 as a private institution with special privileges, the Bank's charter was later interpreted to mean the prohibition of other joint stock banks in England until 1826.
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