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 (1800 ship) Monarch (1800 ship) Monarch was built at Quebec in 1800. She sailed to England where under new ownership she proceeded to make five voyages for the British East India Company (EIC) as an "extra ship", that is, under charter. In 1813 she became a transport, and then in 1818 or so a regular merchantman. She was broken up in 1820. "Monarch" first appears in "Lloyd's Register" for 1801 with Mortimer, master, and P.Mestaer, owner. Her trade was London–India. The EIC had Mestaers measure "Monarch". It then chartered her on 25 March 1801 for one voyage to at a rate of