“ Whereas it is expedient that new provisions and regulations should be established for improving the revenue of this kingdom, and for extending and securing the navigation and commerce between Great Britain and your Majesty’s dominions in America, which, by the peace, have been so happily enlarged: and whereas it is just and necessary, that a revenue be raised, in your Majesty’s said dominions in America, for defraying the expences of defending, protecting, and securing the same ”

“ XXVI. And it is hereby further enacted by the authority aforesaid, That the said bond directed to be given by this act with respect to such non-enumerated goods, shall continue in force for one year from and after the completion of the voyage; and in case no fraud shall appear within that time, it shall be lawful for the commissioners of his Majesty’s customs, or any four or more of them, to direct the said bond to be delivered up. ”

“ XXXIV. Provided always, that nothing herein contained shall extend, or be construed to extend, to any ship or vessel belonging to the subjects of the French king, which shall be found fishing, and not carrying on any illicit trade, on that part of the island of Newfoundland, which stretches from the place called Cape Bonavista to the northern part of the said island, and from thence running down to the western side, reaches as far as the place called Point Riche. ”