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 In cases where the monarch serves mostly as a ceremonial figure (e.g. most modern constitutional monarchies) real leadership does not depend on the monarch. A form of government may in fact be hereditary without being considered monarchy, such as a family dictatorship. Monarchies take a wide variety of forms, such as the two co-princes of Andorra, positions held simultaneously by the Roman Catholic Bishop of Urgel (Spain) and the elected President of France (although strictly Andorra is a diarchy). Similarly, the Yang di-Pertuan Agong of Malaysia is considered a monarch despite only holding the position for five years at a