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Incumbent to pay Money advanced by the Commissioners of First Fruits by yearly Instalments at a reduced Rate, commencing 1st July 1839.
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XLVIII. And be it enacted, That from and after the passing of this Act the respective Sums which shall at such Time be and remain due to the said Ecclesiastical Commissioners on account of any Money lent or advanced by the said Trustees or Commissioners of First Fruits, for the Purposes aforesaid, shall to all Intents and Purposes be deemed and taken to be the sum and Sums originally lent, and which ought to be repaid by Instalments on or before every First Day of July in every Year, and that every such Sum shall be repaid to the said Commissioners by annual Instalments at and after the Rate of Three Pounds for every Hundred Pounds so lent and advanced and remaining due and unpaid as aforesaid, and at and after no higher Rate, and that the first of such Instalments shall become due on the First Day of July One thousand eight hundred and thirty-nine, and the remaining Instalments on the First Day of July in each succeeding Year, until the whole Sum lent and advanced and remaining unpaid as aforesaid shall have been repaid; and that such Instalments shall be payable by the present Incumbent of each Benefice or his Successors, and recoverable by the like Means as now provided by Law for the Recovery of Instalments payable in discharge and on account of Monies lent and advanced by the said Trustees and Commissioners of First Fruits for the Purposes aforesaid, and in all respects according to the like Provisions.
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