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The Corporation of London, Its Rights and Privileges by William Ferneley Allen
page 54 of 59 (91%)
the wisdom of the "Woods and Forests."

If the crown lawyers be correct, it will follow that the entire
seaboard of Great Britain and Ireland is the actual property of the
Crown, as well as all lands reclaimed from the sea, and that all other
manorial rights are purely imaginary and unfounded.

Hitherto the tonnage rates levied on vessels in the port of London
are admitted to have been as moderate as was consistent with the due
maintenance of the port. The citizens, being themselves engaged in
trade, have always been interested in holding out inducements for the
shipping of all nations to frequent their port, and have thus
systematically reduced the tonnage dues to the lowest possible scale.
The Government, however, looking only to the actual amount of revenue
to be obtained, intimate the probability of a future augmentation of
these dues. The effect of even a trifling increase will naturally be
to divert a portion of the trade to other ports, and to inflict a
proportionate amount of injury on the port of London. Such will be the
first fruits of Government interference, such the inevitable result of
superseding customs and usages which have grown out of the character
of the Anglo-Saxon race.

City Receipts.

It has already been stated that in order to carry out street
improvements and the construction of public buildings, the Corporation
has incurred a very considerable amount of debt. These pecuniary
obligations, however, were not rashly undertaken. There was excellent
security to offer for their gradual but certain redemption; nor is it
anywhere affirmed that the governing body exceeded their powers, or
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