Preamble 1702 c. 1. 1760c. 1 and 1794 c. 75. recited.
[1.]. None of the provisions in the recited Acts shall extend to manors, etc. purchased by his Majesty, his heirs or successors, out of monies not appropriated to any publick service, nor to manors, etc. which have come to his Majesty or shall come to him or his heirs or successors from any person not being kings or queens of the realm. Enactment to operate as from the birth of his Majesty.
2. Such copyhold or leasehold manors, etc. so purchased, etc. shall be vested in the Earl of Cardigan in trust, and such as shall be purchased, etc. shall be vested in such trustees as his Majesty shall appoint. Trustees to be admitted to the lands according to the nature of the estate therein, and shall be deemed the tenants.
3. Grants already made by his Majesty not to be defeated by this Act.
4. His Majesty, his heirs and successors, may sell or devise such estates as his Majesty’s subjects may like estates belonging to them. Trustees shall convey such estates as his Majesty, etc. shall direct. Provisions for conveyance of trust estates by infants shall extend to trustees for his Majesty.
5. If no disposition of such estates be made by his Majesty, or a disposition be made which shall not exhaust the whole, the estate undisposed of shall descend as if this Act had not been made, subject to certain provisions. Freeholds which shall so descend shall be subject to the restrictions of the recited Acts.
6. Estates so vested in his Majesty or in trustees shall be subject to all taxes.
7. Taxes, etc. charged upon such estates to be paid out of the privy purse.
8. Her Majesty during the joint lives of their Majesties, by deed, or by will, may dispose of manors, etc. purchased by or in trust for, or that may vest in her Majesty, or in trust for her, and may bequeath all such chattels and personal estate as if she were sole;
9. as also any Queen of this realm during the joint lives of the King and such Queen consort. Act not to enable her Majesty or any Queen consort to dispose of any palace, etc. belonging to the King in the right of the crown, vested in her for life.
10. Monies for the privy purse or not appropriated to any publick service, or effects which shall not come to his Majesty, or to his successors in right of the crown shall be deemed personal estate, and subject to disposition by will in writing and shall be liable to all debts payable out of the privy purse.
11, 12.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .