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Colonial and State Records of North Carolina
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Order of the Privy Council of Great Britain concerning an act of the North Carolina General Assembly concerning quit rents
Great Britain. Privy Council
July 31, 1740
Volume 04, Pages 434-435

[B. P. R. O. North Carolina. B. T. Vol. 11. B. 51.]

At the Council Chamber Whitehall the 31st Day of July. 1740. Present Their Excellencys the Lords Justices in Council.

Whereas by Commission under the Great Seal of Great Britain the Governor Council & Assembly of His Majestys Province of North Carolina, are authorized and impowered to make, constitute and ordain Laws Statutes and ordinances for the Publick Peace Welfare and Good Government of the said Province which Laws, Statutes and Ordinances are to be as near as conveniently may be, agreeable to the Laws and Statutes of this Province Kingdom and to be transmitted for his Majestys Royal Approbation or Disallowance—And whereas in pursuance of the said Powers an Act was passed in the said Province in 1738 which hath been transmitted entituled as follows—vizt

An Act for providing His Majesty a rent Roll for securing His Majesty's Quit Rents for the Remission of Arrears of Quit Rents an for quieting the Inhabitants in their Possessions and for the better Settlement of His Majesty's Province of North Carolina.

Which Act together with a Representation from the Lords Commissioners for Trade and Plantations proposing the repeal thereof haveing been referred to the Consideration of a Committee of the Lords of His Majesty's most honourable Privy Council for Plantation affairs the said Lords of the Committee did this day report to their Excellencys the Lords Justices that upon considering the said Act they found a clause inserted therein for the better ascertaining the value of the Paper Money whereby a Power is given to the Governor and Council, the Attorney &

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Receiver General and as many of the House of Burgesses as shall equal the number of Governor Council Attorney and Receiver General, to regulate the Exchange annually, and that it was the opinion of the Committee that the vesting such Power in any Persons whatsoever, might be of dangerous consequence, and highly prejudicial to the Trade of this Nation, and that therefore the said Act ought to be repealed.

Their Excellencys the Lords Justices taking the same into Consideration were pleased with the advice of his Majestys Privy Council to declare their Disallowance of the said Act, and pursuant to their Excellencys pleasure thereupon, the said Act is hereby repealed, declared void and of none effect—Whereof the Governor or Commander in Chief of His Majestys Province of North Carolina for the time being and all others whom it may concern are to take Notice and govern themselves accordingly.

A true copy.
JA: VERNON.