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Exchequer Bills to bear Interest.
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VI. And be it enacted, That the Exchequer Bills to be made out in pursuance of this Act shall and may bear an Interest not exceeding the Rate of Three-pence Halfpenny per Centum per Diem upon or in respect of the whole of the Monies respectively contained therein; and the Principal Sum contained in such Exchequer Bills, and the Interest accruing thereon, shall be made payable at such Periods and at such Places as shall be fixed by the said Commissioners of Her Majesty’s Treasury, or any Three or more of them, nevertheless so as that all such Bills as shall be made out for the Purposes of this Act shall be made payable within Three Years from the Date thereof, and that the Principal Sum contained in every such Bill, together with such Interest as aforesaid, computed from the Day upon which such Interest thereon shall have been already paid until the Time appointed for the Payment of the said Bills, shall be paid off and discharged upon the Days and Times respectively appointed for the Payment thereof.
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