And whereas it is
expedient to make further provision for the discharge of an estate belonging
to a debtor or accountant to the Crown from the claim of the Crown in the
hands of a purchaser or mortgagee, although the debt or liability shall not be
fully discharged: Be it therefore enacted, that it shall be lawful for the
commissioners of Her Majesty's Treasury of the United Kingdom of Great Britain
and Ireland for the time being, or any three of them, by writing under their
hands, upon payment of such sums of money as they may think fit to require
into the receipt of Her Majesty’s Exchequer, to be applied in
liquidation of the debt or liability of any debtor or accountant to the Crown,
or upon such other terms as they may think proper, to certify that any lands,
tenements, or hereditaments of any such Crown debtor or accountant shall be
held by the purchaser or mortgagee or intended purchaser or mortgagee thereof,
his or their heirs, executors, administrators, and assigns, wholly exonerated
and discharged from all further claims of Her Majesty, her heirs or
successors, for or in respect of any debt, claim, or liability, present or
future, of the debtor or accountant to whom such lands, tenements, or
hereditaments belonged, or, in cases of leases for fines, to certify that the
lessees, their heirs, executors, administrators, and assigns, shall hold so
exonerated and discharged, without prejudice to the rights and remedies of the
Crown against the reversion of the lands, tenements, or hereditaments
comprised in any such leases, and the rents and covenants reserved and
contained by and in the same; and thereupon the same lands, tenements, or
hereditaments shall respectively be held accordingly wholly exonerated and
discharged as aforesaid, but in the cases of leases without prejudice as
aforesaid.