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BOARD OF TRADE ARBITRATION &C. ACT 1874 - SECT 3

Expenses connected with arbitration, sanction, &c.

3. Where application is made in pursuance of any special Act passed either
before or after the passing of this Act, to the Board of Trade to be
arbitrators, or to appoint any arbitrator, referee, engineer, or other person,
or to hold any inquiry, or to sanction, approve, confirm, or determine, any
appointment, matter, or thing, or to make any order, or to do any other act or
thing for the purposes of such special Act, all expenses incurred by the Board
of Trade in relation to such application and the proceedings consequent
thereon, shall, to such amount as the Board of Trade may certify by their
order to be due, be defrayed by the parties to such application, and (subject
to any provision contained in the said special Act) shall be defrayed by such
of the parties as the Board of Trade may by order direct, or if so directed by
an order of the Board of Trade shall be paid as costs of the arbitration or
reference.

The Board of Trade may, if they think fit, on or at any time after the making
of the application, by order require the parties to the application, or any of
them, to pay to the Board of Trade such sum as the Board of Trade think
requisite for or on account of those expenses, or to give security to the
satisfaction of the Board of Trade for the payment of those expenses on
demand, and if such payment or security is not made or given may refuse to act
in pursuance of the application.

All expenses directed by an order of the Board of Trade or an award in
pursuance of this section to be paid may be recovered in any court of
competent jurisdiction as a debt, and if payable to the Board of Trade, as a
debt to the Crown; and an order of the Board of Trade shall be conclusive
evidence of the amount of such expenses.


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