3d. That in consequence of the superior resource for the consumption of _Provisions, Casks_, &c. in London, the whole of the unserviceable Victualing Stores (except such as from their small value and bulky nature will not defray the expences of conveyance) shall be collected in a large repository in London, under the charge of an able and intelligent Agent, who shall give proper security for his faithful management; and conduct the sales upon the principles already explained _for ready money only_, rendering an account _and making his payments monthly_, and a final Account and Inventory at the end of the year; to be at the whole expence of removing the goods from the different Repositories to the Magazine in London; to be allowed 4 per Cent. Commission on the sales, and 6 per Cent. in lieu of all charges.
4th. That the attention of the respective Boards may not be diverted from other objects by attending to the details, which will arise in the management of those establishments, a superintending Agent shall be appointed, who shall receive the directions of the different Boards, and correspond with the local Agents.--He shall moreover be the _Receiver General of the monthly remittances_, and shall immediately pay the same as directed by the Lords Commissioners of the Admiralty.--It will be his duty to arrange the shipping of Old Stores from the different Yards, in conformity to the wants or demands of the respective Agents, so as to keep up their several assortments, by conveying to each not only such articles, (as far as it can be done) as are most in demand, but also such as comparatively fetch the best price.--He shall receive the monthly and yearly accounts, and lay an abstract of the same before the Lords of the Admiralty, and the Navy and Victualing Board respectively, as they apply to their different departments, and shall be the general medium of communication from the respective Boards to the local Agents.--The superintending Agent shall transmit a regular invoice to the local Agents of all goods shipped:--Shall keep regular books and accounts of all transactions under his charge, and shall receive for his trouble _1 per cent._ on the Remittances or Payments which he may make, under the directions of the Lords of the Admiralty.