3. c. 71) was an act of the Parliament of Great Britain that repealed for Great Britain statutes against forestallers and engrossers, including the Forestallers Act 1551.
[1] Several statutes included, related to corn, meal, flour, cattle and sundry and others, had been found to have prevented free trade of those commodities, causing the price to increase:[2] WHEREAS it hath been found by experience, that the restraints laid by several statutes upon the dealing in corn, meal, flour, cattle, and sundry other sorts of victuals, by preventing a free trade in the said commodities, have a tendency to discourage the growth and to enhance the price of the same; which statutes, if put in execution, would bring great distress upon the inhabitants of many parts of this kingdom, and in particular upon those of the cities of London and Westminster.Section 1 of the act repealed 6 acts, listed in the section, for Great Britain.
[2] Section 2 of the act voided all existing and future legal proceedings that were commenced under the repealed acts, ensuring that no person could be prosecuted under these former laws regardless of any contrary statutes.
[3] In 1800, John Rusby was indicted for having bought ninety quarters of oats at 41 shillings per quarter and selling thirty of them at 43 shillings the same day.
Rusby was heavily fined, but, on appeal, the court was equally divided as to whether engrossing, forestalling and regrating were still offences at common law.