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Hanson's Laws of Maryland 1763-1784
Volume 203, Page 275   View pdf image (33K)
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                                LAWS of MARYLAND.

at the rate of seven pounds ten shillings on every hundred pounds which
may be lent to this state in gold or silver (after the said eight thousand pounds
shall be so obtained); and a premium of five pounds on every hundred pounds
on loans in bills of credit of the old or new emissions, at their value; in wheat,
weighing not less than fifty-eight pounds per bushel, at seven shillings and six-pence
per bushel; fresh merchantable fine wheat flour, at twenty-two shillings
and six-pence per long hundred weight, in cask well pegged or nailed; or any
articles of cloathing fit for soldiers, at their ready money price in specie; the said
wheat or flour to be delivered to the commissaries of the respective counties, on
navigable water, or at some mill or other secure house within ten miles thereof;
and that the said last mentioned premium be allowed on loans of crop tobacco
inspected since the fifteenth day of September last, in hogsheads weighing not
less than nine hundred and fifty pounds net each, which tobaccoes shall be repaid
in kind, in the same county and of as good weight as that may be which is lent;
the said monies and tobaccoes to be delivered to the treasurer of the shore respectively
where lent, or to any senator or delegate of the county where such loan
may be made; and the said articles of cloathing to be agreed for with and delivered
to the commissary of stores, or such other person or persons as the governor
and council may appoint; of any of which loans or purchases, the person who
receives or makes the same shall give to the lender or seller a certificate therefor,
expressing the time and all other particulars concerning the same; and the money
or tobacco so lent shall, without delay, be sent to the treasurer of the shore where
lent, with a copy of the certificate given therefor; and the treasurer shall give
notice of such receipts, from time to time, to the governor and council; and the
county commissaries shall also, from time to time, transmit copies of the certificates
by them given to the treasurer of their respective shore, and accounts of
what wheat and flour they may receive as aforesaid to the governor and council;
and any person lending tobacco shall be entitled to the premium aforesaid, with
an interest of six per cent. and shall be paid in the same warehouse when lent, so
far as the public may have tobacco therein; and the governor and council, out
of the first loans aforesaid, are to furnish and supply the captive officers of the
Maryland troops with forty pounds each, and the captive non-commissioned officers
and privates with seven pounds ten shillings each, in specie, reckoning
Spanish dollars at seven shillings and six-pence; and out of the said loans, before
any other application thereof, purchase, provide, and have made up ready for use,
cloathing for one thousand recruits, which shall be distributed to the counties
with all dispatch, and in just proportion, as near as may be, to the recruits to be
raised in the respective counties by act of the present session; in the next place to
satisfy the men who have served in the quota of the troops of this state in the
continental service, whose times have expired, and who are therefore discharged
from the service, for their cloathing and other dues which remain unpaid; and
the residue, as if the same had been raised under the act of the present session to
raise the supplies for the year seventeen hundred and eighty-one.

Loans to bear
interest, &c.
    III.  And be it enacted, That all the said loans, including the respective premiums
or allowances aforesaid, shall bear an interest of six per cent. per annum,
which shall be paid yearly; and each senator and delegate shall lay before the general
assembly, in the first week of their next session, lists of all monies and tobaccoes
received by them, the times of their receipts, and the persons names from
whom received.

Certain British
pledged, &c.
    IV.  And, to make certain the true and speedy payment of the said certificates
and interest, Be it enacted, That the following property within this state, of
persons well known to this general assembly to be British subjects, within the
description and intent of the act of this present session, to seize, confiscate and appropriate,
all British property within this state, that is to say, the several manors
in the counties of Saint-Mary's, Kent, Charles, Queen-Anne's, Dorchester, Somerset
and Worcester, which belonged to the late lord proprietary, and which
remains unsold by the commissioners of Frederick, late lord Baltimore, and also
all the property of the persons commonly called by the name of the Principio
company, except the part, share or interest, of Thomas Russell, a subject of this

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Hanson's Laws of Maryland 1763-1784
Volume 203, Page 275   View pdf image (33K)
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