|
|
Application of Tolls, Rates, &c.
|
8. All Sums, of Money received by the said Commissioners of Public Works in respect of any such Sale or Lease as aforesaid, and the Surplus of all Monies received by them for Rates, Tolls, and Profits in the Management of the said Canal, and which shall remain after defraying the current Expenses thereof, shall be applied in the first place to the Payment of all Sums due for Principal and Interest on Foot of the Advances of public Money so made to the said Canal Company in the Manner herein-before mentioned, and the Interest due thereon, and in the next place to the Payment of all Sums advanced and Expenses incurred by virtue of this Act, with Interest thereon at the Rate of Four per Centum per Annum from the Time such Advances shall have been made or Expenses incurred, or in such other Manner as the Lords Commissioners of Her Majesty’s Treasury may from Time to Time direct.
|
