III.   Fund

The Court of Equity, also known as the “Inner and Middle Temple”, also known simply as “Equity” is a type of administration associated with an Assurance Fund created in 1601 (43El.c.12) associated with the Assurance of Merchants of the City of London and subsequently purchased by the members of the Inner and Middle Temple in 1608 from the Crown for the sum of £666, whereby contested matters between merchants be resolved privately without resorting to the Crown courts and the formalities of pleadings or proceedings, yet with the full powers of enforcement of the public courts of record.