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Loans by Public Works Commissioners to be applied in Redemption of Certificates.
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IV. And be it enacted, That the Monies to be advanced by the Commissioners for the Issue of Loans for Public Works and Fisheries, et cætera, upon the Security mentioned in the said first-recited Act, shall, when received by the said Commissioners of Her Majesty’s Woods, be appropriated and applied by them in paying off and discharging the Securities which may be granted by them upon the Land Revenues of the Crown under the Authority of this Act.
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