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Commissioners of Public Works, with Consent of Treasury, to pay into Bank, to the Credit of the Company, 3,200l. and 1,800l.
Application of the Money so paid in.
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II. And be it enacted, That it shall and may be lawful for the said Commissioners of Public Works, by and with the Sanction of the Commissioners of Her Majesty’s Treasury, out of any Monies at the Disposal of the said Commissioners of Public Works for the Purposes of the Works to be by them executed in the said District of Loughs Corrib, Mask, and Carra, to pay into the Bank of Ireland, in the Name and with the Privity of the Accountant General of the Court of Chancery in Ireland, the Sum of Five thousand Pounds, being the Amount of the said Sums of Three thousand two hundred Pounds and One thousand eight hundred Pounds, such Sum to be placed to Account of the said Accountant General there, “to the Credit of the Company of Undertakers for the Improvement of Lough Corrib;” and out of such Sum of Five thousand Pounds there shall be paid, in the first instance, all the Costs, Charges, and Expenses of the said Company, or of the Persons holding Debentures heretofore issued by the said Company, in respect of or incident to the Preparation, Introduction, and Prosecution of a Bill during the Two last Sessions of Parliament, for the Purpose of procuring the Grant of extended Powers to the said Company, but which Bill did not pass into an Act, and in respect of or incident to the Negotiation between the said Company and such Debenture Holders and the Commissioners of Her Majesty’s Treasury and the said Commissioners of Public Works, for the Transfer by the said Company to the said Commissioners of Public Works of the said Works and Lands and Rights in Land, the Amount of such Costs, Charges, and Expenses to be ascertained and certified by One of the Masters of the said Court, and to be paid by the said Company and to such Debenture Holders respectively, or to their respective Solicitors or Agents, in such Manner as may be directed by the Lord High Chancellor of Ireland upon any Petition to be presented in a summary Way; and after Payment of all such Costs, Charges, and Expenses the Surplus of the said Sum of Five thousand Pounds shall be applied, under the Direction and with the Approbation of One of the Masters of the said Court, in the first place, amongst the Persons holding Debentures heretofore issued by the said Company, and, in the next place, amongst the Members of the said Company, in such Shares and Proportions as may be directed by the said Lord Chancellor upon Petition as aforesaid: Provided always, that in case it be not shown to the Satisfaction of the Commissioners of Her Majesty’s Treasury that the Purchase Monies bonâ fide paid by the said Company for such Lands and Rights in Land as aforesaid amount to the Sum of One thousand eight hundred Pounds, it shall be lawful for such Commissioners to authorize the said Commissioners of Public Works to pay to the said Company, in lieu of the Sum of One thousand eight hundred Pounds, such less Sum only as shall have been shown to the Satisfaction of the Commissioners of Her Majesty’s Treasury to have been paid by the said Company for the said Lands and Rights: Provided also, that any Person or Persons having any Claim against the said Company (in respect of any Debt or Liability heretofore incurred) may apply to the said Lord Chancellor, by Petition to be presented as aforesaid, and it shall be lawful for the said Lord Chancellor to make such Order for inquiring into such Claim, and for the Payment of the Amount of any Money due in respect thereof, and of any Costs in relation to such Application, out of the said Sum of Five thousand Pounds, as he shall think just.
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