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Auction: 18049 - British Banknotes
Lot: 2653

The Tonnage Act, a life annuity document headed TONNAGE, 1694, &c., dated 24 April 1775 and stating that Melbourne (the father of the Prime Minister of the same title) has received his annuity of £30 from his Majesty's Exchequer. The Tonnage act by which the Bank of England was created by raising £1.2 million in loans from subscribers who could then draw on the annuity
in lovely condition and a fascinating piece of Bank of England history, extremely rare

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Sold for
£600