Wool Act 1698

XVII. Wool, Ships, &c. seized, forfeited, and Wool taken to the King's Warehouse and detained until condemned, and when condemned.and sold by Inch of Candle.

Notice of Sale.; Ships, &c. condemned, sold in like Manner; How Produce of Sales divided.

And for the Incouragement of the Commanders and Mariners belonging to the Ships and Sloops aforesaid Be it enacted by the Authority aforesaid That all Wooll Ships Vessells or Boats that shall be soe seized or taken shall be forfeited and all such Wooll shall be lodged in the Kings Warehouse in such Port where it is or shall be taken or seized or into which it shall be brought untill it shall be condemned according to Law and being soe condemned shall be exposed publickly to sale after One and twenty Daies publick Notice being given in Writing at the Customhouse of the said Port and on the Royall Exchange of London by Inch of Candle to the last and best Bidder And all Ships Vessells or Boats that shall be soe seized and condemned as aforesaid shall together with all their Gunns Tackle Furniture and Apparell be exposed to sale in like manner And that One Fourth Part of the Produce of the Wooll Ships Vessells and Boats soe sold as aforesaid shall be to the Commander one other Fourth part to the Officers of the Ship or Ships Sloop or Sloops that took the same one other Fourth Part to the Mariners belonging to such Ship Vessell or Sloop to be equally divided and paid amongst the said Marriners by the Collectors of the said Port or such Person or Persons as shall be authorized to pay the same and the other Fourth Part thereof to His Majesty His Heires and Successors after a Deduction made out of the last Fourth Part of all the Charges of Prosecution and Condemnation