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On Application for Purchase of Perpetuities, Applicant to deposit a Sum to defray Expences of ascertaining Terms, &c.
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CXLIV. And be it enacted, That in all Cases of Applications for the Purchase of Perpetuities under this Act, the Applicant shall deposit or secure in such Manner as the said Ecclesiastical Commissioners shall appoint such Sum of Money as the said Commissioners shall think necessary to defray the Expences which the said Commissioners may incur in ascertaining the Terms of the Purchase for which such Application shall be made; and in case such Applicant shall decline completing such Purchase, such Expences as aforesaid shall be deducted from and out of the Money so deposited or secured, and the Surplus, if any, refunded to such Applicant; and in case such Applicant shall complete such Purchase, the whole Sum so deposited or secured shall be refunded, subject nevertheless to such Award as any Arbitrators appointed under this Act shall make in respect of the Expences of such Arbitration.
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