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Treasury may demiseCrown Lands at Rack Rent, or on Fine.
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XVII. And be it further enacted, That it shall and may be lawful to and for the Lord High Treasurer, or the Commissioners of His Majesty’s Treasury of the United Kingdom of Great Britain and Ireland, or any Three of them, from Time to Time, by Deed under their Hands and Seals, or the Hands and Seals of any Three or more of them, to demise and lease any Lands, Tithes, Tenements, or Hereditaments belonging to His Majesty, His Heirs or Successors, in Right of the Crown as aforesaid, for any Term not exceeding Twenty-one Years, at the best improved yearly Rent that can be reasonably had for the same, or upon Payment of any Sum or Sums of Money by way of Fine in Reduction of such Rent; and all and every Sum and Sums so received by way of Fine, on any such Demise shall be paid into the Receipt of His Majesty’s Treasury in Ireland, according to the Course of the said Exchequer, and shall be applied in manner directed by this Act.
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