Author: EXCHEQUER RECEIPT/TALLY
Title: Record Decr. 1702. The 24th Day of Decr, 1702 Received by me Wm Earle of Rochford Assignee of Edward Russell Esq. By Order dated the twenty third Day of February 1696 Maintained by Vertue of Their late Majesties Letters of Privy seal, Dated 20th Day of April, 1696. of the Honourable James Vernon Esq. L. Fitzharding One of the Four Tellers of the receipt of Her Majesty's Exchequer, the Sum of One hundred and five pounds being for nine Months Interest of Two Thousand Pounds due the 23rd Day of November 1702 and by him Lent unto His late Majesty upon the Credit of an Act of Parliament, (Intituled, An Act for Continuing to His Majesty certain Duties upon Salt, Glass Wares, Stone and Earthen Wares, and for Granting several Duties upon Tobacco-Pipes, and othee Earthen Wares, for carrying on the War against France, and for Establishing a National Land-Bank, and for taking off the Duties upon Tonnage of Ships and upon Coals>)...Seven Pounds per Cent per Annum.
Description: 1702. Printed and manuscript single sheet, folio. Browned and worn. This item may have at some time been mounted and will bear traces on the reverse of adhesive or removal of mounts. James Vernon, here crossed out, and Lord Fitzhardinge were two of the official tellers of the Exchequer. William, Earl of Rochford [1649 - 1708] was a Dutch soldier and diplomat in the service of his cousin King William III of England. The Land Bank was deliberately set up as a competitor to the Bank of England with directors of each forbidden to hold shares in the other. However the terms of the establishment were not fulfilled and the project fell through.

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