The Isle of Man Purchase Act (5 Geo. III, c. 26) received Royal Assent. Parliament purchased the Duke of Atholl's sovereignty and revenue rights for £70,000. The Act was titled 'for the more effectual preventing of the mischiefs arising to the Revenue and Commerce of Great Britain and Ireland, from the illicit and clandestine Trade to and from the Isle of Man.' Parliament bought a feudal title. It did not acquire the Manx nation. It did not assume the duty of governance.