aforesaid, and Interest in Loan, continuing at so high a Rate as Fif∣teen Pounds in the Hundred, for one Year, doth not only make Men unable to pay their Debts, and continue the Maintenance of Trade; but their Debts daily increasing, they are inforced to sell their Lands and Stock, at very low Rates, to forsake the use of Merchandize and Trade, and to give over their Leases and Farms, and so become unprofitable Mem∣bers of the Commonwealth, to the great hurt and hinderance of the same.
[Clause I] Be it therefore Ordained and Enacted and it is hereby Ordained and Enacted, by the Deputy Governour, Council and Assembly, and by Authority of the same; that no Person or Persons whatsoever, from, and after the Nine and Twentieth Day of September next, upon any Con∣tract to be made after the said Nine and Twentieth Day of September, shall take indirectly, or indirectly, for Loan of any Monies, Sugars or o∣ther Wares, Merchandizes or Commodities whatsoever, above the Value of Ten Pounds, for the forbearance of One Hundred Pounds for a Year, and so after that Rate for a greater or lesser Sum, or for a longer or shorter time. And that all Bonds Contracts, and Assurances what∣soever made after the time aforesaid, for Payment of any Principal or Mony to be Lent, or Covenanted to be performed, upon, or for any Usury, whereupon, or whereby there shall be reserved or taken above the Rate of Ten 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 Nine and Twentieth Day of September, take, accept and receive, by way, or means of any corrupt Bargain, Loan, Exchange, Cheivesance, Shift, or Interest of any Wares, Merchandizes, or other thing or things whatso∣ever, or by any deceitful way or means, or by any Covin Engine, or deceitful Conveyance for the forbearing, or giving Day of Payment for One whole Year, of, and for their Moneys or other things, above the Sum of Ten Pounds, for the forbearance of one Hundred Pounds for a Year, and so after that Rate for a lesser or greater Sum, or for a longer or shorter time, shall forfeit and lose for every such Offence, treble the Value of the Monies, Sugars, Wares, Merchandizes and other things, so Lent, Bargained, Exchanged or Shifted.
[Clause II] And be it further Enacted by the Authority aforesaid, That all, and every Scrivener and Scriveners, Broker and Brokers, Sollicitor and Solli∣citors, Driver and Drivers of Bargains or Contracts, who shall after the said Nine and Twentieth Day of September take or receive, directly or indirectly, any Sum or Sums of Mony, or other reward or things for Brokage, Solliciting, driving or procuring the Loan, or forbearing of any Sum or Sums of Mony, over or above the Rate or Value of Five Shillings, for the Loan, or forbearing of One Hundred Pounds Sterling for a Year, and so ratably: Or above Twelve Pence for ma∣king or receiving of the Bond or Bill for the Loan or Forbearance there∣of, or for any Counterbond or Bill concerning the same, shall forfeit for every such Offence, Two Thousand Pounds of Muscovadoe Sugar, and have Imprisonment for half a Year; the one Moyety of which For∣feitures to be to the King our Sovereign Lord, his Heirs and Successors, and the other Moyety to him or them, that will sue for the same, in the same Precincts where the several Offences are committed, and not else∣where, by Action of Debt, Bill, Plaint or Information, in which no Es∣soign, Wager of Law or Protection to be allowed.