Royal seal DIEV ET MON DROIT  
A PROCLAMATION, Concerning the persons who are liable in the payment of the Annuity of Teinds, their purchasing the same from His Majesty, and the Collection of the Arrears thereof remaining unpayed.  
JAMES R.  
JAMES the Seventh by the Grace of GOD, King of Scotland, England, France, & Ireland, Defender of the Faith etc. To all and sundry our good Subjects whom these Presents do, or may concern, Greeting.  
Whereas by the 15 Act of the Parliament held by King Charles the first, Our Royal Father (of ever Glorious Memory) in the year 1633: There was granted unto, and established upon Him, and His Royal Successors, a constant yearly Rent, and Duty payable out of the Teinds of Our ancient Kingdom of Scotland, commonly called, the Annuity of Teinds, in the quantity, and to be uplifted in manner specified therein: By which Act, it is also declared, that the faid Annuity of Teinds, should not be annexed to Our Crown; But that We may dispose thereof in whole or in part, at Our Pleasure. Likeas afterwards Our said Royal Father was pleased to dispose of the same. First in favours of the deceased James Livingstoun for security and payment un-Him, of a certain sum of money specified in his Gift; And thereafter in favours of the deceased John Earl of Lowdoun, upon a Transaction and Agreement made betwixt Him, and the said James Livingston; Which Transaction having been ratified by Our said Royal Father, and a new Gift and Commission granted thereupon to the said Earl, as come in the place of the said James Livingstoun, the said Earl of Lowdoun did by virtue thereof, and the Power therein contained from the year 1642, until the interruption of the English Invasion, not only intromet with the said Annuities, for all years and terms thereof then resting unpayed; But also did make sale of the Heretable Right of the same in many Shires, and Places, to the raising of great and considerable sums of money. Likeas (passing by what might have been intrometted with, and disposed upon, of the said Annuities by the said Earl, during the English Usurpation). Our late dearest Royal Brother (of ever blessed memory) was pleased in the year 1661. soon after His happy Restauration, to grant a new Gift, and Commission to the said Earl, For prosecuting and making sale of the rest of the said Annuities; Which having been interrupted by that Earl's Death, was again renewed and granted unto the deceased James Earl of Lowdoun his Son who by virtue thereof, did both intromet, and make many Sales, until the Month of April 1674. That Our said Royal Brother thought fit, by His Proclamation of Indemnity, (then granted) to stop, and recall all the said's Guilts and Commissions until the aforesaid Earls and their Representatives should make just Compt and Reckoning of their whole Intromissions; And also freely to discharge all Persons liable in payment of the said Annuities, of all Arrears thereof preceding the year 1660. As the foresaid Proclamation more fully bears. And seeing that neither the said James Earl of Lowdoun during his own Life-time, or any for him, since his decease have hitherto these fourteen years bypast, made any Compt or Reckoning of their foresaid Intromissions, and that the said Annuities do not only continually run on as a growing burden on all our good Subjects, liable in payment thereof, who have not yet bought the same, but also have now for these twenty eight years past, lain over unprofitable and perishing to Us, to Our great prejudice. And We being withal resolved to have the Rests of the said Annuity, to be Collected and Received with all convenient diligence, and to have the Remains of the said Annuity (which do so undoubtedly pertain unto Us, and whereof the greater part is already purchased) fully cleared, and Our said Subjects who have not as yet purchased, totally exonered of the burden of the said Annuity in all time coming; And that, at such a favourable rate as my evidently discover, that We do intent their Liberation and Ease, more than the satisfaction of Our own just Right. It is therefore Our Royal Will and Pleasure, that the Rests of the said Annuity, not as yet received nor taken up by virtue of the foresaid Transaction, Gifts, and Commissions be forthwith Collected and brought in to Our Treasury for Our use and behoove; And that the Remains of the said Annuity and Heretable Right thereof (in so far as the same is not already truly Sold and Disponed to the respective Purchasers) be forthwith offered to Sale; And for that effect, that due and lawful Intimation hereof be made unto all Persons liable in payment of the said Annuity of Teinds, who have not yet purchased as said is; To the end they may come and Treat at any time betwixt this and the first day of August, One thousand six hundred and eighty Nine, with the Lords Commissioneres of Our Treasury at Edinburgh, or where it shall happen to them to be for the time, Bringing with them true and exact Rentals of their whole Rents, as well Stock as Teind, which they shall be obliged to attest and confirm to be such by their solemn Oath, to be taken by the said Lords Commissioners, To the effect that the Rate and Price at which We are willing to fallen the same, may be thereby regulated, and established. And for the greater encouragement and full security of all those who shall come betwixt this and the aforesaid day, and embrace this Our Offer, We do hereby further Declare, that it is Our Royal Will and Pleasure that the heretable Right of the said Annuity with good and valid Dispositions thereof, together with full and sufficient Discharges of all Arrears of the same, (when Collected and Received) that were resting unpaid, preceding the Date of the foresaid Dispositions, shall be made over, Subscribed and Delivered by the saids Lords Commissioners of Our Treasury to the Persons liable to the said Annuity, and willing to purchase the same, for the Price, and at the rate of twenty years' Purchase (besides the Bests and Arrears of the said Annuity) to be instantly paid into the saids Lords Commissioners of our Treasury, or whom they shall think fit to appoint for receiving the same; Which Dispositions and Discharges being Subscribed and Delivered, as said is, and Registrated in the Books of Our Exchequer there, shall be to the said Purchasers a sure and unquestionable Right and Exoneration at all hands in all time coming. And seeing We have been pleased to condescend unto so low a rate, for granting the said's Dispositions, We cannot but expect, that all Persons concerned, will be so much convinced of their own Interest and Ease by this Our Offer, as to comply with, and embrace the same with all readiness: But because We do likewise intent to have this Our Offer Real and Effectual without any further delay; and Do also expect that the said Purchasers shall deal Truly and Honestly with Us, as We are willing to deal favourably with them. Therefore We Do hereby in the first place expressly Declare, that if any Purchaser shall behave so disingenuously, as not to give up a True and Exact Rental of His Rents, as well Stock as Teind in manner above required, that then, and in case it shall be found at any time within two years after making of the Bargain, that the aforesaid Rental was given up a fourth part short of the true Value, the Disposition to be granted thereupon, shall be void and null, and the fraudulent Concealer made liable for his whole Annuities, as well bygone as in time coming, and perpetually excluded from purchasing the Right thereof: Providing, Nevertheless that if the said Rental that not be questioned, and the False hood thereof discovered within the space of the two years' above-prefixed, than the same shall be for ever thereafter held good and just, and never more quarellable. And in the next place, We Do by these Presents plainly certify all and every one of the Parties having Interest, who shall not accept of this Our Gracious Offer betwixt this and the foresaid day already prefixed, that then, and in that case they shall for ever thereafter have no Benefit thereof, nor yet have the like Offer made unto them in time coming, but that We will immediately after elapsing of the said day, dispofe upon the said Annuities as well for the time bygone, as in time coming, by granting Commissions for Collecting and Ingathering the same, or otherwise as We shall see cause. And to the end that all our Subjects (especially they who are concerned in the Premises) may have notice of this our Royal Will and Pleasure, We Do hereby Command Our Lion King at Arms, and his Brethren Heralds, Macers, Pursuivants, and Messengers at Arms, to make timeous Proclamation thereof at the Mercat Cross of Edinburgh. For all which, these Presents shall be to all Persons whatsoever who may be therein any way concerned, a sufficient Warrant.  
Given at our Court at Whitehall, the 25 day of May, 1688. and of Our Reign, the 4th year. By His Majesty's Command, MELFORT.   

Edinburgh, The third day of July 1688.  
His Majesty's Royal Proclamation above-written being read in Council, was by Order Published, and is Recorded in their Books, by me  
COL. McKENZIE, Cls. Sti. Concilii.  
GOD Save the KING.   

Edinburgh, Printed by the Heir of Andrew Anderson, Printer to His most Sacred Majesty, Anno Dom. 1688.