Letter – John Erasmus Blackett to John Trevelyan – 28 Dec 1783

Document Type: Letter
Date: 28 Dec 1783
Correspondent: John Erasmus Blackett
Recipient: John Trevelyan
Archive Source: NRO 672 E 1E 4
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Sir John Trevelyan  Bart .                                                     Newcastle  28 Decemr    1783

Nettlecombe  Somersetshire

Dear Sir    I wrote to you the 20 inst & was by the last Post favoured with your letter of the 21st inst inclosing Sir Walter Blounts letter & a Copy of your Answer to it.  This is what I expected & you may remember that I mentioned it to you; The Article is to continue the Money at 4 p[er] C[ent] from Feb[ruar]y 1777 to Feb[ruar]y 1784 but does not specify a certain Notice to be given for the Payment, or the Advance of Interest after that time expires, but as the half Years Interest will be due in Feb[ruar]y next he expects that you either Pay him 5 P[er] Cent Interest from that time or that you will pay him the Principal;  he says in his letter at that time but I believe that Six Months Notice is always expected.  However as you have no Prospect of paying Sir W Blount the Principal at that time, nor indeed in Six Months, & as you have thoughts of Disposing of Longwitton & the Ord Estates, I do think that it will at present be Adviseable to Acquie[s]ce with Sir W. Blounts demand of 5 P[er] Cent without Agreeing to keep the Money for any Certain time, for 5 P[er] Cent is still paid for large Sums in this Country, & should you meet with a Person who is willing to Advance so large a Sum at 4½ P[er] Cent (wch. is not very probable at present, as the Stocks are so low) it will be expected that you keep it for a Certain Term & the Expenses attending the Change of Securities as well as the Procuration will be very high;  These are my thoughts on the Subject, but I will have some discourse with Mr. Fawcett on this Matter; & let you know his Opinion.   I congratulate you that a Disolution of Parliament is not likely to take place at Present.  I wish you & Yours Many Happy returns of the Season & I am etc        

                                         J. E. Blackett 

I have wrote to Mr Darwin & when I have his Answer I will Acquaint you with it

We have had a Severe Frost for these three Days with deep Snow

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The Dukesfield Smelters and Carriers Project aimed to celebrate and discover the heritage of the Dukesfield Arches & lead carriers' routes between Blaydon and the lead mines of Allendale and Weardale. A two year community project, it was led by the Friends of the North Pennines in partnership with Hexhamshire and Slaley Parish Councils and the active support of Allendale Estates. It was funded by the Heritage Lottery Fund and the generous support of other sponsors. Friends of the North Pennines: Charity No:1137467