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Admiralty jurisdiction of local courts.
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74. The local courts shall, in the cases following, have all the like civil and maritime jurisdiction (with all power and authorities relative thereto) as for the time being belongs to the Court of Admiralty (otherwise than by way of appeal); that is to say,
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(2.) Where the amount or value of the money or thing in dispute exceeds two hundred pounds, but the parties agree by a memorandum signed by them, or by their attorneys or agents, that a local court or courts specified in the memorandum shall have jurisdiction:
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