| Title | Agreement between David Barnes, on behalf of himself, Thomas Slater and Edmund Barnes, as proprietors of 2/3 shares in the Wharf Ironworks, Newbold, and William Waller as proprietor of the other 1/3 share; the term of their partnership, trading as Barnes & Co (1779) having expired on 31 Dec last |
| Description | It is agreed:
-Waller to pay Barnes £100 as a premium for setting a give or take price upon the partnership stock.
-Barnes to deliver to Waller on 26 inst. the sum he shall fix as the give or take price.
-the price to include the freehold land, pig iron on hand, all buildings and machinery, coal, coke, limestone, ironstone, horses, carts, boats etc. upon the works, ironstone, and coal pits, also the lease of the Stonegravels coal mine and the tenant right of all lands leased to the partnership.
-the right of partnership to cease at noon on 26 April and thenceforth to belong to the purchasing party.
-Waller to give his answer to the give or take price on 3 May.
-purchase money to be paid on 2 August.
-the rent of the colliery and the Duke of Devonshire's ironstone to be paid up to 26 April by the partnership who are to make good the damage to the Duke's land.
-the ironstone rent due to Adam Slater and Avery Jebb to be paid by the purchaser.
-the rent for land occupied by the partnership to be paid by them to Lady Day next.
-the purchaser to be responsible for any damage to roads.
-the debt due from the ironstone men for dead work to be taken to the purchaser.
-all debts owed by the partnership to be discharged by 2 August.
-all book debts due to the partnership to be got in by Mr Topp as they fall due for payment.
-the expiration of the partnership to be advertised in the Gazette.
-all partnership records to be retained by Mr Topp for inspection by partners. |