Commissioners may convey the Duties as Security for Money borrowed.; The said Money to be employed upon the Pier.
And forasmuch as the Money to be raised by the Duties aforesaid will not of a long time raise such a Stock or Su[m]m of Money as may be sufficient for the effecting the ends and purposes of this Act be it therefore enacted That the said Arthur Lord Viscount Irwin Sir Griffith Boynton Sir Charles Hotham Sir William Strickland Sir William St. Quintin Sir Michael Wharton Sir Matthew Peirson Sir William Hustler Sir Richard Osbaldeston Ralph Wharton John Buck Robert Monckton Hugh Bethell Robert Bierly Charles Osborne and the Wardens of TrinityHouse att Hull for the time being or the greater Number of them that shall be then living shall be and are hereby impowered by Indenture under their Hands and Seales to convey and assure the Duties granted by this Act or any part or parts thereof as a Security for any Su[m]m or Su[m]ms of Money by them to be borrowed for the ends and purposes of this Act to any p[er]son or persons that shall or will advance any Su[m]m or Su[m]ms of Money upon such Security all which Money so to be borrowed shall be imployed for and towards the rebuilding repairing and amending the said Port or Peer of Bridlington al[ia]s Burlington according to the true intent and meaning of this Act.