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Deposit under 9 & 10 Vict. c. 20. to be a security for the costs payable by the promoters.
Abatement of claims exceeding the amount of the deposit.
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8. In any case in which the committee shall have reported that the preamble is not proved, and, where, in accordance with the Standing Orders of either House of Parliament and of the Parliamentary Deposits Act, 1846, a deposit of money or stock is made with respect to the application to Parliament for an Act, the money or stock so deposited shall be a security for the payment by the promoters of the Bill for the Act of all costs or sums in respect of costs, if any, payable by them under this Act; and every party entitled to receive any costs or sum so payable shall accordingly have a lien available in equity for the same on the money or stock so deposited, and the lien shall attach thereon at the time when the Bill is first referred to a committee of either House of Parliament: Provided, that where several parties have the lien for an amount exceeding in the aggregate the net value of the money or stock, their respective claims shall proportionately abate.
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