AND THE EOYAL HORTICULTURAL SOCIETY. 543 



should be paid to the Commissioners for their own use, and as an Preamble 

 additional rent, yearly, a sum equal to half such sui'plus. And contmued. 

 whereas Clause 17 of such agreement provides that the Society 

 shall devote and apply towards the liquidation of the debt of 

 je40,000 three-fifths of the money actually received by them 

 from time to time in respect of the receipts from the gardens 

 after the payments directed to be retained out of such receipts 

 for expenses and interest by the Society, and the rent to the 

 Commissioners ; and it is by the 18th Clause of such agreement 

 provided that the Commissioners shall have a right of re-entry in 

 certain events in case of such continued non-payment of the rent 

 of £2,14:0 as therein mentioned. And whereas it is provided by 

 the 20th Clause of such agreement that the Society shall have a 

 right to give such notice as therein mentioned, calling for a 

 renewal of the lease to be granted to them, and the Commis- 

 sioners may either grant such renewal or decline to grant it, on 

 the terms and conditions of their taking upon themselves at the 

 end of the original term of thirty-one years the payment of such 

 amount of the original debenture debt of ^640,000 as should remain 

 unpaid and undischarged at the expiration of that term, provided 

 such amount do not exceed ^£20,000, or upon condition of taking 

 upon themselves the payment of £20,000, part of such debt, if 

 there remain owing a larger sum than £20,000, with a provision 

 that if the debenture debt shaU be less than £15,000, or in case 

 no part of the debenture debt shall be then unpaid, the Com- 



purposes in that clause mentioned. And whereas the Society and 

 the Commissioners are each desirous of respectively having the 

 right of increasing the outlay by them respectively undertaken to 

 be made by the said agreement, to any amount not exceeding as 

 to each of them the sum of £10.000 over and above the respective 

 sums of £50,000 by them respectively undertaken to be laid out 

 as aforesaid, and of acquiring such rights and privileges as herem 

 appear in respect of such additional outlay, if made. Now, it is 

 hereby mutually covenanted and agreed between the Commis- 

 sioners and the Society, each covenanting for all matters and 

 things to be done and forborne by them respectively, as follows :— 



1. That the Society may at any time before the 1st day of Society to 

 Januai7 1864, if they think fit (but they are not hereby required ^^""^^^^^ 

 so to do, notwithstanding any additional outlay that may be made £io,ooa 

 by the Commissioners), borrow and take up on their debentures additional 

 or other securities, any sum or sums not exceeding in the whole 



