Duchy of Lancaster Act 1808

XXIX Treasury empowered to pay or accept Money for equalizing Exchange.

Provided always, and be it further enacted, That it shall be lawful for the Lords Commissioners of the Treasury, or the Chancellor of the said Duchy, if they shall think fit, to direct the Payment or Acceptance on Behalf of His Majesty of such Sum of Money, for equalizing any such Exchange, as shall be agreed upon between the said Chancellor and Council, or the said Surveyor General and the said Person or Persons or Bodies with whom such Exchange is proposed to be made, and where any such Money is to be paid to any such Person or Persons or Body for such Purpose, such Money shall be paid out of the Land Revenue of the Crown, or out of the Revenues of the said Duchy ; and where any Money shall be paid to His Majesty for equalizing such Exchange, the same, if it shall amount to the Sum of Fifty Pounds, shall be vetted in the Three Pounds per Centum Consolidated Bank Annuities, in the Name of the Lord High Treasurer, and the Dividends thereof shall be applicable as Land Revenue; and if it shall not amount to the Sum of Fifty Pounds, the same shall be appropriated as Land Revenue under the Direction of the Lords Commissioners of the Treasury ; or in case of the Money being paid to His Majesty in Right of His said Duchy, the same shall be placed in Three per Centum Consolidated Bank Annuities in the Name of the Duchy of Lancaster, according to the Directions of the said recited Acts of the Thirty-eighth and Forty-second Years of His present Majesty.