VOL. 1. 
     
    
   
   
    
     EDWARD REILLY, QUEEN’S PRINTER. 
     
    
   
   
    
     No. 32. 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     Charlottetown, Prince Edward 
     
    
   
   
    
     Island, Thursday, July 30, 18ti8. ’ 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     LAWS OF PRINCE EDWARD ISLAND. 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     ;2 
     
    
   
   
    
     An Act to repeal the Acts now in force, estab- 
     
     lishing and regulating the rate of Interest, 
     
     and to make some provisions on the same 
     
     subject. 
     
    
   
   
    
     -- [Passed April 24th, 1868.] 
     
     HEREAS the Laws establishing and re- 
     
     gulating the rate of Interest, have of 
     
     late years, been materially relaxed, in so far as 
     
     the same relate to loans or forbearance of money 
     
     upon all other securities, except those upon 
     
     Lands, Tonements or Hereditaments, or any 
     
     Estate or Interest therein. And whereas it is 
     
     desirable that the distinction between the rates 
     
     of Interest allowed to be taken upon the secur~ 
     
     ity of Lands, and other securities, should be 
     
     abolished, and that in order to induce as much 
     
     as possible the influx of capital into this Island, 
     
     the various restrictions heretofore placed upon 
     
     the rate of Interest, should be abolished. Be 
     
     it therefore enacted by the Lieutenant Grov- 
     
    

    
     ernor, Council and Assembly, as follows :—'- 
     
    

    
     I. That the Statute,. Twenty-fifth George 
     
     the .Third, Chapter Six, intituled An Act for 
     
     establishing the rate of Interest, and also the 
     
     Statute Twenty - fourth Victoria Chapter 
     
     Twenty-eight, intituled An Act to exempt cer- 
     
     tain Bills of Exchange, Promissory Notes, 
     
     Contracts and Agreements from the operation 
     
     of the laws relating to usury be, and the same 
     
     are hereby respectively repealed. 
     
    

    
     II. Provided always, nevertheless, that no 
     
     person shall be entitled to claim or recover in 
     
     any Court of Law or Equity, more than Six 
     
     Pounds per centum per annum interest on any 
     
     account, or on any contract or agreement, unless 
     
     shall appear to the Court that any different rate 
     
    
   
   
    
       
     
    
   
   
    
     of Interest was agreed to in writing between) 
     
     the parties. 
     
    
   
   
    
     III. And provided always, that nothing here- 
     
     in contained, shall prejudice or affect the rights 
     
     or remedies of any person, or diminish or alter 
     
     the liabilities of any person in respect of any 
     
     act done previously to the passing of this 
     
     Act. ' 
     
    

    
     IV. Where interest is now payable upon 
     
     any contract heretofore made, express or im- 
     
     plied, for the payment of the legal or current 
     
     rate of Interest, orwhere,up0n any debt or sum 
     
     of money, interest is new payable by any rule 
     
     of law, the same rate shall be recoverable as if 
     
     this Act had not been passed. 
     
    

    
     V. This Act shall come into Operation on the 
     
     fifteenth day of April, in the year of our Lord 
     
     one thousand eight hundred and seventy. 
     
    
   
   
    
       
     
    
   
   
    
     An Act to prevent accidents to persons travel- 
     
     ling on the Ice in this Island. 
     
    
   
   
    
     p [Passed April 24th, 1868.} 
     
    

    
     WHEREAS, parties in search of mussel— 
     
    

    
     rnud, and for other reasons, make holes 
     
     or openings in the ice on the various Bays, 
     
     Rivers and Creeks in this Island, and it is neces- 
     
     sary for the prevention of accidents to persons 
     
     travelling on such ice, to cause such holes or 
     
     openings to be marked as hereinafter mention— 
     
     ed :‘Be it enactedvby the Lieutenant Governor, 
     
     Council and Assembly, as follows :— 
     
    

    
     I. From and after the passing of this Act, 
     
     any person or persons who shall make or cut 
     
     holes or openings in the ice on any of the bays, 
     
     rivers, creeks or inlets in this Island, for the 
     
     purpose of procuring mussel-mud, or for any 
     
     other reason or purpose whatsoever, shall mark 
     
     such holes or openings by placing bushes at or 
     
     immediately beside or adjoining the same, in 
     
     such way and manner as to attract the attention 
     
     of persons travelling on the ice of such bays, 
     
     rivers, creeks and inlets. The bushes placed 
     
     around any such Opening to be not more than 
     
     ten feet apart, or less than six feet in height,