Minutes – Thomas Matthew – 4 Aug 1725

Document Type: Minutes
Date: 4 Aug 1725
Correspondent: Thomas Matthew
Archive Source: LMA H09 GY A 8 1
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4th August 1725                    

In further pursuance of the directions of the Court of Committees held the 5th of May the 18th June & the 26th of June last your Committee for Inspecting the State of the Agreements depending between Thomas Guy Esqr. at the time of his decease and Sir William Blackett Bart. have further proceeded towards settling those affairs and have been attended by Mr Allgood Sir William Blacketts Agent who having examined the Act mentioned set forth in your Committees former Report found and admitted the same to agree with the Several Payments made by Mr Guy to the said Sir William Blackett and other Persons who were Incumbrancers on his Estate in Mortgage to Mr Guy and the said Mr Allgood having informed your Committee that Sir William Blackett and Sir William Thomson had settled the Account depending between them touching the money due to the said Sir William Thomson and chargeable on the said Mortgage Estate your Committee caused to be prepared proper Deeds for assigning the said Sir William Thomsons Securities to and for this Corporation and other deeds for discharging this Corporation and the said Mortgaged Estate from the Sum of £1750 or thereabouts mentioned in the said former Report to be payable into the Court of Chancery for the use of Mrs Ord which Several Deeds have been approved by Gilbert Horseman Esqr. as Councel in behalf of this Corporation.   

Sir William Blackett being Earnest for the advancement of the £12000 further Loan on the Equity of Redemption of the said Mortgaged Estate and of his Leasehold Lead Moines Your Committee caused the Tittle of the said Lead Mines to be inspected into and have directed Deeds to be prepared for the finishing that affair.

Your Committee apprehend it necessary for this Court to give proper Directions and Powers for transferring a sufficient quantity of 4 p[er] Cent Annuities for paying off  Sir William Thomson and the said Sum of £1750 or thereabouts into the Court of Chancery for the use of Mrs Ord those Incumbrances being to be discharged out of £11462 Annuities which remained in Mr Guy’s Hands at the time of his decease as mentioned in the said former Report and also to give proper Directions and powers for raising the said sum of £12000 and also to appoint the Common Seal of this Corporation to be fixed to the Counterparts of Deeds relating to the Several matters above mentioned as your Counsell shall advise.

Your Committee further Observe that as there is a sum of £600 or thereabouts due on a Judgement, from Sir William Blackett to one Mr Musgrave as mentioned in the said former Report which is likewise an Incumbrance intended to be discharged out of the said £11462 Annity’s your Committee apprehend that the said £11462 will not suffice for raising all the money due to Sir William Thomson Mrs Ord and the said Mrs Musgrave and to answer the Interest due for the £65000 and therefore conceive it will be necessary for this Court to give Directions that the said £12000 Loan be perfected before the said £11462 Annuities be all Transferred to the said Sir William Blackett or his Incumbrancers or that the said Sir William Blackett do enter into into some sufficient agreements with  this Corporation that all the money which the said Incumbrances shall exceed the said £11462 annuity computing the said Annuitys at £96.10s. p[er] Cent together with the Interest now due for the £65000 shall be made good and allowed out of the said sum of £12000 which is to be further advanced <&> lent as aforesaid.

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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