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The arbiter under any such deed of submission may take all necessary proceedings, and allow the parties to lead evidence and to be heard viva voce, or to give in statements in writing, as he thinks fit; and in his award he shall fix the capital sum to be paid for the commutation of the fish teinds, and the date at which the same is to be paid, and shall decern for payment of the expenses incurred in the submission; and he may find any of the parties to the submission liable in expenses to any of the other parties, and may modify the same as he thinks fit; and his award shall be final and binding on all the parties to the submission.
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