or to send any persons out with goods for sale into the country; and also that whosoever shall be found to have acted here unto contrary, or against what is ordained in the placard aforesaid, shall be punished by a mulct of one-fourth part of the value of the goods in which such trade is carried on, as well of the cargo brought on shore, as of the Icelandic goods so purchased; and whether it be the master or the mate of a vessel, who has undertaken to carry on such a trade, he shall besides be fined twenty rix-dollars; and such Icelanders, or other persons established in the island, who shall suffer themselves to be detected in such illicit trade, shall likewise incur a penalty of from five to ten rix-dollars, according to circumstances.

2, The same punishment shall likewise be inflicted on the traders established in Iceland, who shall act contrary to what is ordained per letter b, in the placard. The traders from Denmark, Norway, and the provinces, who, in their trade to Iceland, shall omit attending to the contents of the placard in letter c, shall be punished in like manner.

3, But, on the contrary, if the traders from Denmark, Norway, and the provinces, shall, agreeably to what is directed by the placard, in letter c, establish a fixed trade in the trading towns, and there keep house and office, or at least do so by their factor, they shall have a right to trade with any inland towns thereto authorised, in the district of such trading town; and such factors shall, agreeably to the placard, be obliged to take their burghership; whereas such factors and other servants, as are employed by merchants who have taken the houses of trade effects and materials and who have themselves taken their burghership, shall be excused from taking burghership.

4, It shall be totally prohibited to grant letters of burghership to the peasantry; and such letters of burghership, as may have already been granted to such persons, shall be revoked, and annulled, unless they are willing to establish themselves in the trading towns, and there only carry on trade as burghers according to their privileges; but they shall in no wise carry on trade at their

2 D

farms, under penalty of being mulcted as aforesaid.

5, If any free or private trader shall be found to remain and carry on trade at the trading town, after the expiration of the four weeks granted by agreement; or at the authorized out-ports, and there carry on trade; then, and in such case, all such persons, be they masters, mates, or seamen, shall pay a penalty of four rix-dollars for every day, that it shall be lawfully proved they have staid above the said time.

6, And likewise, such private traders, as live in out-ports, where there has not been any proper or authorized trading town, or in the fiords and bays, for the purpose of trading, shall be subject to the penalties ascertained by the 1st §.

7, One fourth part of the fines aforesaid shall be given to the informer, one fourth part falls to the justiciary box, one fourth to the house of correction, and the other fourth part, if the fines are under ten rixdollars, to the poor of the parish; but, if it exceeds ten rix-dollars, it shall be given

to the poor of the whole district; and the merchant, in whose district such unlawful trade is carried on, shall not only be authorized to give information thereof, but also, in the absence of the magistracy, shall have power, with the assistance of people employed for the purpose, to lay a sequester on the goods, on condition of his immediately requiring the magistracy to take a legal survey and estimate on the same, and thereafter to proceed in the cause to its conclusion, according to agreement, and at the expence of the person implicated.

According whereto, all persons have to conduct themselves.

Chamber of Taxes and Interest, 23rd April, 1792.

(Signed)

REVENTLOW.

HOE.

HANSEN.

COLBIORNSEN.

KOLLE. SCHIONNING. WORMSKIOLD. BUDt.

M. VON ESSEN. MEINCKE. HAMELEFF.

JOHANSEN. VORNDRAN. WADUM.