Usury Act 1660 Usury Act 1660 The Usury Act 1660 is an Act of the Parliament of England (12 Car. II. c. 13) with the long title "An Act for restraining the taking of Excessive Usury". The purpose of the Act was to reduce the interest rate from 8% to 6%. The legislation had been enacted in 1651 under the Commonwealth, but this Act was passed to confer legality on the measure following the Restoration of Charles II after the English Civil War. It was amended by the Usury Act 1840 (3&4 Vict, c.83), the Usury Act 1841 (4&5 Vict, c.54), the Usury
Monarch (locomotive) acquired more locomotives and "Monarch" became surplus to requirements and was sold to the Ffestiniog Railway. The Ffestinog Railway bought "Monarch" with the intention of overhauling and cutting down the size of the engine for use on the narrower (2 ft gauge) railway. The engine was dismantled for this purpose but then priorities changed and despite later thoughts of using it on the Welsh Highland Railway the loco was left in parts whilst it slowly rusted. The locomotive was then repurchased by the Welshpool and Llanfair Light Railway. "Monarch" was bought with no intention of being used on the railway,