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Interest at 3d. per day per cent. half yearly on principal sum till paid.
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IV. And be it further enacted by the authority aforesaid, That for the said sum of twenty five thousand pounds, or so much thereof for which treasury bills shall be from time to time issued as aforesaid, there shall be paid at the receipt of your Majesty’s Exchequer by the hands of the vice treasurer or vice treasurers, or paymaster general, his or their deputy or deputies on every twenty fourth day of June and twenty fifth day of December subsequent to the times at which such treasury bills shall be respectively issued, an interest for the same at the rate of three pence by the day for each one hundred pounds, and to commence from such time as shall be expressed in such treasury bills without any fee or charge, and free from all deductions, defalcations and abatements whatsoever, until such time as the principal sums shall be respectively paid off at one entire payment.
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