years shall, subject to any disposition of the same which shall have been made for the purposes aforesaid, absolutely cease and determine. be paid into the Bank, and afterwards laid out in the Purchase of Freehold Lands, which shall be conveyed to the Bishop of Sodor and Man and the Arch deacon of the Isle of Man, VI. And be it further enacted, That the person or persons advancing the said sum of Sixteen thousand pounds, or any part of the same, shall pay the sum or sums of money The £16,000 to advanced by him or them into the Bank of England, in the name and with the privity of the Accountant-General of the said Court of Chancery, (ex parte the purchaser or purchasers, or mortgagee or mortgagees, as the case may be, of the Bispham estate of the Earl of Derby,) to the credit of the Bishop of Sodor and Man, and the Archdeacon of the Isle of Man, for the time being, pursuant to the method prescribed by the Act of the twelfth year of King George the First, chapter thirty-two, and the general orders of the said Court, and without fee or reward, according to the Act of the twelfth year of the reign of King George the Second, chapter twenty-four; and that as soon as conveniently may be after the said monies shall have been paid into the said Court of Chancery for the purherein as aforesaid, the same shall, upon petition to be preferred to the said poses mentioned. Court in a summary way by the Bishop of Sodor and Man and the Archdeacon of the Isle of Man for the time being, be laid out and invested in the purchase of freehold messuages, lands, and hereditaments situate in England, or of freehold or customary messuages, lands and hereditaments situate in the Isle of Man, which shall be approved of by the said Court of Chancery; and that immediately after such purchase or purchases shall be so made, the said messuages, lands, and hereditaments, so to be purchased as aforesaid, with their appurtenances, shall, under the direction of the said Court, be conveyed and assured unto, or to the use of, or vested in the said Bishop of Sodor and Man and Archdeacon of the Isle of Man for the time being, and their successors, upon trust to pay and apply the rents, issues, and profits thereof, upon such and the same trusts, for such and the same purposes, and in such and the same manner, as by the said Indenture of the first day of November One thousand six hundred and sixty-six are declared and mentioned of and concerning the respective rectories, tythes, oblations, rates, and other ecclesiastical rights and duties therein mentioned, and thereby demised by the said Charles then Earl of Derby to the said Isaac then Lord Bishop of Sodor and Man, and Jonathan Fletcher then Archdeacon of the Isle of Man, their executors, administrators, and assigns, for the said term of ten thousand years, or as near thereto as circumstances will then admit of. leased. VII. Provided always, and it is hereby further enacted, That it shall and may be lawful to and for the said Bishop of Sodor and Man, and the said Archdeacon of the said Lands may be Isle of Man, for the time being, by Indenture under their hands and seals, from time to time to demise or lease to any person or persons all or any part or parts of the lands and hereditaments so to be purchased with the said sum of Sixteen thousand pounds, or any part thereof, for any term or number of years, not exceeding twenty-one years, in possession, but not in reversion, or by way of future interest, so as upon every such lease or leases so to be made as aforesaid, there be reserved and made payable during the continuance thereof, to be incident to and go along with the reversion and inheritance expectant on the same, the best and most improved yearly rent and rents that can be reasonably had and obtained for the same, without taking any fine or foregift, or any other matter or thing, in the nature or in lieu of any fine or fore gift, for or in respect of the making thereof, and so as none of the said lessees to whom such lease or leases shall be made be, by any clause or words therein contained, freed from impeachment of or made dispunishable for waste; and so as in every such lease or leases there be contained a clause of re-entry, in case the rent and rents thereupon to be reserved be behind or unpaid by the space of twenty days, and so as the lessee or lessees to whom such lease or leases shall be made as aforesaid do respectively seal and deliver a counterpart or counterparts of such lease or leases. VIII. And be it further enacted, That until a proper purchase can be found upon which the said sum of Sixteen thousand pounds can be laid out or invested, the same Till purchase is made, money to be Jaid out in the purchase of Exchequer Bills, &c. shall from time to time be laid out and invested under the directions of the said Court of Chancery in the purchase of Navy or Victualling Bills, or of Exchequer Bills, and the interest arising from the money so laid out in the said Navy or Victualling Bills or Exchequer Bills, and the money received for the same, as they shall be respectively paid off by Government, shall be laid out in the name of the said AccountantGeneral in the purchase of other Navy and Victualling Bills or Exchequer Bills, all which said Navy and Victualling and Exchequer Bills shall be deposited in the bank in the name of the said Accountant-General, and shall there remain until a purchase or purchases shall be found and approved as before directed, and until the same shall, upon a petition setting forth such approbation, to be preferred to the Court of Chancery in a summary way by the Bishop of Sodor and Man and the Archdeacon of the said Isle for the time being, be ordered by the said Court to be sold by the said Accountant-General, for the completing such purchase or purchases, in such manner as the Court shall think just and direct. Application of the Interest of snch Exchequer Bills, &c. IX. Provided always, and be it further enacted and declared, That it shall and may be lawful for the said Court of Chancery from time to time in a summary way upon a petition to be for that purpose presented by the Bishop of Sodor and Man and the Archdeacon of the said Isle for the time being, to direct any part of the said Navy, Victualling, or Exchequer Bills not exceeding the said sum of Two hundred and nineteen pounds seven shillings and tenpence halfpenny per annum, to be paid to the said Bishop and Archdeacon for the time being, to be by them applied and paid over to the persons who would for the time being be entitled to the yearly rents, issues, and profits of the hereditaments so to be purchased, in case the same had been purchased pursuant to this Act. X. And be it further enacted, That the Certificate or Certificates of the said Accountant-General, with the receipt and receipts of the cashier of the bank, to be Certificate of the Accountant-General, with the receipt of the cashier of the thereto annexed, and therewith filed in the Register Office of the Court of Chancery, of the payment into the Bank of England of the said sum of Sixteen thousand pounds, shall be deemed and taken to be a good and sufficient discharge to the person or persons respectively paying the same, and to his, her, or their respective heirs, executors, administrators, and Bank, to be a assigns, for the said sum of Sixteen thousand pounds, or so much thereof good discharge to the person as in such certificate or certificates, and receipt or receipts, shall be paying in the expressed to be paid; and after filing such certificate or certificates, and such receipt or receipts as aforesaid, such person or persons shall be money. absolutely acquitted and discharged of and from the said monies, and not be obliged to see to the application, or be in any manner answerable or accountable for the loss, misapplication, or non-application thereof. Court of Chancery to direct application and investments of XI. And be it further enacted, That it shall be lawful for the said Court of Chancery from time to time, upon a petition in a summary way, of the said Edward Earl of Derby, or other the person or persons so for the time being entitled as aforesaid, if such person or persons shall be of full age, or of his, her, or their guardian or guardians, during his, her, or their minority, or respective minorities, or of the said Bishop of Sodor and Man, and the said Archdeacon of the said Isle of Man for the time being, or either of them, to make such orders, and give such directions, touching or concerning the sale, layings out, investments, receipts, and payments, hereinbefore directed to be made, and touching and concerning all other acts, deeds, matters, or things, in anywise relating thereto, as the said Court shall deem necessary, proper, or expedient. money, &c. XII. Saving always to the King's most excellent Majesty, his heirs and successors, as well in right of his Crown, as in right of his Duchy and County Palatine of Lancaster, and to all and every other person or persons, bodies politic and corporate, General saving. their respective heirs, successors, executors, and administrators, (other than and except his said Majesty and his successors, in such rights aforesaid, so far as respects his and their right or title to the said hereditaments by escheat, in consequence of the decease of the said Isaac Clopton without an heir, as herein before is mentioned: and other than and except the said John Duke of Atholl, and his heirs, and also his successors for the time being, Lords or Ladies of the Isle of Man, and the said Claudius Lord Bishop of Sodor and Man, and his successors Bishops of Sodor and Man, the said Daniel Mylrea, and his successors, Archdeacons of the said Isle of Man, and the said Edward now Earl of Derby, and the said Edward Lord Stanley, and the heirs male of his body, and the heirs and assigns of the said Edward now Earl of Derby,) all such estates, rights, interests, claims, and demands of, in, to, and out of the said manor, messuages, lands, tenements, and hereditaments, as they, every, or any of them had before the passing of this Act, or should, or could, or might have had or enjoyed, in case this Act had not been made; and also saving always to his said Majesty, his heirs and successors, the same right of seigniory in the said hereditaments so become escheated as aforesaid, as in the life time of the said Isaac Clopton, and as if no escheat of the said hereditaments had happened. XIII. And be it further enacted, That this Act shall be printed by the printer to the Evidence. King's most excellent Majesty, and that a copy thereof, so printed, shall be admitted as evidence thereof, by all judges, justices, and others. THE SCHEDULE TO WHICH THE FOREGOING ACT REFERS. Estimated Annual Value of the Impropriate Tithes in the Isle of Man. 74 16 0 673 10 2 The sum of £748 6s. 2d. being payable and secured upon Estates in ... Twenty-five years purchase upon the net annual produce of the Impropriate Tithes (£663 8s. Od.) amounts to £16,575. ROBT. STEWART. NOTE AS TO THE INSULAR REVENUE. In Appendix No. 1 to the Notes on the Chronicle,(1) reference is made to the surplus Customs' revenue of the Island. It may be convenient here to refer to the various sources of Insular revenue, now or heretofore payable, the Acts or Authority under which it has been or is raised, and the relative positions of the Crown and inhabitants of the Island with respect to surplus revenue. I. The several branches of the Crown revenue, and of revenue now raised by authority of Parliament, may be arranged under the following heads:- 1. Customs, 2. Land, 3. Fine Fund, 4. Post Office, 5. Harbours, 6. Lighthouses. 1. CUSTOMS' REVENUE. Previous to 1767 the duties of Customs on goods imported into and exported from the Island was levied by authority of the Insular Legislature. The payment of dutics was recognised by orders made by Commissioners of Edward Earl of Derby, the sixth Lord of the House of Stanley, on the 18th July, 1561,-(Mills' Statutes, 41,)-in these words: (A.D. 1561.)-That the clerk of the shipps do make a perfect book of all such wares as the merchant stranger shall bring into the country, and how and to whom the said wares are distributed, and what wares he shall carry out of Mann, and how much custome is due for the same, &c. A.D. 1577.-The "Customs" legally payable in 1561 were probably those set forth in "The rates of the Customs at every port within the Isle of Mann, allowed and confirmed by the Right Honourable Henry, Earl of Derby, Lord of the said Isle," on the 28th June, 1577. (Mills' Statutes, 43.) The rates so allowed may have been set forth and declared by authority as the rates at that time legally payable, and may not have been then enacted for the first time. Most of the written laws at that time were not new enactments, but merely declarations of 1 Pages 148, 149. Y |