Enacted shortly after the Glorious Revolution, it restored various valuable privileges of the officers, companies, and corporations of the City of London that had been seized under a writ of quo warranto by Charles II and James II to augment the royal revenue.
Shortly following the Glorious Revolution, this act reestablished numerous essential privileges for the officers, companies, and corporations of the City of London which had previously been confiscated under a writ of quo warranto by Charles II and James II to boost the king's revenue.