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
SMS Monarch protected by of armor. The casemates had thick sides while the conning tower had of armor. "Monarch"s deck armor was thick. The "Monarch"-class ships were ordered in May 1892, with "Monarch" to be built at the Pola Naval Arsenal ("Seearsenal"). The ship was laid down on 31 July 1893, and she was launched on 9 May 1895 by Archduchess Maria Theresa, wife of Archduke Karl Ludwig. She was commissioned on 11 May 1898. "Monarch" and her sisters formed the Navy's 1st Capital Ship Division ("I. Schwere Division") in 1899, and the division made a training cruise to the Eastern Mediterranean