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Sir NewCastle 3rd Oct. 1803 As the most efficient means of giving relief to the Creditors of the Tyne Iron Co. I am recommended to become the Sole Proprietor of the works and for this purpose an arrangement is now making for my taking an assignment from my Patrons Mess. A & I Surtees Fishwick & Gibson of the whole concern and likewise taking upon me the responsibility of the payment of all the Debts, grounded upon a Dissolution of partnership which will appear in the Gazette on Saturday next, this most important concern so suddenly imposed upon me will require me to ask some indulgence from you, to enable me to fulfill the payment of all the Bills, but as I intend to be in London this week for the express purpose of making propositions to the Creditors, beginning with an immediate payment, which I am enabled to make by the kindness of Friends whose endeavours have been exerted in the highest manner possible to assist me in performing an Act of Justice. I trust I shall experience from you that tenderness for my situation which it is thought so peculiarly to deserve I am Your mo: ObServ. Peter John Bulman P.S. I feel confident that I shall have the satisfaction to bring with me the approbation of the Bankers in this Country of the terms of my proposals to the Creditors & the consent of Surtees Bardon &Brandling for their endorsement to remain unprejudiced- My address in London York Hotel at Bridge Street Tho. Rich. Beaumont Esqr.