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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A59361 A Settlement of the mine-adventure Mackworth, Humphrey, Sir, 1657-1727. 1698 (1698) Wing S2733; ESTC R30136 22,167 13

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after such second Payment of the said several and respective Principal Sums so adventured as aforesaid to every Adventurer both Fortunate and Unfortunate without Interest in manner aforesaid then Forty thousand Pounds per An. of the said Profits of the said Mines and Premises shall be applyed and paid to the Use of the Fortunate Adventurers alone and their Assigns during the said several and respective Terms of Years above mentioned in equal Proportion according to their several and respective Interests and Shares therein and the Overplus of the said Profits that shall be after the said annual Summ of forty thousand Pounds and all the Arrears thereof shall be satisfyed in case there shall be any Arrears by reason the Profits of the said Mines in any Year or Years shall not discharge the said forty thousand Pounds shall be applyed and paid to the Use of both Fortunate and Unfortunate Adventurers in equal Proportion according to the several and respective Sums by them respectively Contributed and Adventured as aforesaid For and towards a third Payment thereof And so on in like Manner after every Payment of the Principal Money adventured to both Fortunate and Unfortunate Adventurers in manner aforesaid The Fortunate Adventurers alone are to have an additional Profit from the said Mines amounting to the annual Value of Twenty thousand Pounds per Annum and the Overplus above that Encrease and all the Deficiencies thereof in any former Year or Years is still to be applyed to another Payment of the said Principal Money adventured without Interest to both Fortunate and Unfortunate Adventurers in manner aforesaid and a Transfer Book shall be provided at the common Charge for Transferring the Interest of the Unfortunate in the manner as is provided for the Fortunate Adventurers in the said recited Settlement And in Default of Payment accordingly Trustees to enter and Dispose the Profits to the Vses herein set forth And the said Sir Humphrey Mackworth doth propose direct and appoint That in Case the said Gains Profits and Proceeds of the said Stock Mines and Premises shall be Mismanaged by the Managers and shall not be applied and paid to such Person and Persons and for such Uses Intents and Purposes and in such Proportion Manner and Form as is herein mentioned and directed That then it shall and may be Lawful to and for the said Sir Joseph Herne Sir William Hedges Sir Thomas Vernon and Thomas Pitt or any of them and the Survivor and Survivors of them and the Executors Administrators and Assigns of such Survivor or Survivors or any of them for and during such time as the Profits of the Premises shall not be applied and paid to the Uses aforesaid and herein after mentioned to enter upon the said Stock Mines and Premises and to govern and manage the same and to receive the Profits thereof to the Uses Intents and Purposes herein mentioned and directed and to no other Use Intent or purpose whatsoever Five hundred Tun of Oar sixty Tun of Lead are given to the Fortunate Adventurers And that Five hundred Tun of Silver and Potters Oar now lying on or near the Banks of the said Mines and sixty Tun of Lead now lying at the smelting Mills or Store houses thereto belonging be appropriated to the Use of the Fortunate Adventurers * Smelting Mills to be erected near the Mines and near the Coal and Vessels to be built to carry one to the other And that one large Smelting Extracting and Refining Mill be Erected and Built at the common Charge near to Coal for the use of the Fortunate Adventurers and upon the Land of the said Sir Humphrey Mackworth at or near Neath in the County of Glamorgan and one other Smelting Extracting and Refining Mill be Erected and Built at the common Charge for their Use in some convenient place near the Sea in the County of Cardigan And that one or more Vessel or Vessels shall be Built or bought at the common Charge for carrying Ore from the said Mines by Sea to Neath aforesaid and for carrying Coal back again from Neath to the Port of Aberdovey in the said County of Cardigan which said Coal shall be from time to time bought of the said Sir Humphrey Mackworth by the Fortunate Adventurers and shall be sold to them by him at the Currant Market-Price And farther that the said Lottery shall be managed and drawn after the Manner of the Million Lottery settled by Act of Parliament That is to say The Managers and Directors That the said Trustees Sir Joseph Herne Sir William Hedges Sir Thomas Vernon Thomas Pitt Sir William Ashburst of London Knight Sir John Houblon of London Knight Sir James Houblon of London Knight Sir Francis Child of London Knight Sir Tho. Cuddon of London Knight Sir Robert Bedingfeild of London Knight and such other Person and Persons as the said Sir Humphrey Mackworth shall at any time hereafter under his Hand Nominate and Appoint shall be Managers and Directors for preparing and delivering of Tickets and to oversee the drawing of Lots and to Order Do and Perform all such other Matters and Things as are hereafter in and by these Presents Directed or Appointed by such Managers or Directors to be done and Performed Shall cause Books to be prepared with And that the said Managers and Directors shall meet together from time to time at some Publick Office or Place within the Cities of London or Westminster for the Execution of the Powers and Trusts in them reposed by these Presents and that the said Managers or Directors or so many of them as shall be present at any such Meeting or the major Part of them or such other Person or Persons as they shall appoint shall cause Books to be prepared in which every Leaf shall be divided or distinguished into Three Colums 25000 Numbred Tickets and upon the Innermost of the said Colums there shall be Printed Twenty Five Thousand Tickets Numbred 1 2 3. and so onwards in Arithmatical Progression where the common Excess is to be One until they arise to and for the Number of Twenty Five Thousand And upon the Middle Colum of every the said Books there shall be Printed Twenty Five Thousand Tickets of the same Length Breadth and Form and Numbred in like manner And upon the Extream Colums of the said Books shall be Printed a Third Rank or Series of Tickets of the same Numbers with those in the Two other Colums which Tickets shall severally be of an Oblong Figure and in the said Books shall be joined with Oblique Lines in such manner as is herein described ●… 100. Sept. 22. 1698. 〈◊〉 Roe of London Merchant N o 100. Sept. 22. 1698. Richard Roe of London Merchant N o 100. Th●s Ticket entitles the Bearer to F●… Pounds with Interest at 6 per Cent. 〈…〉 a farther considerable Profit and 〈◊〉 ●…ance to a great Yearly Sum for ●… Years out of the Profits of the Min●… of Sir