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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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A SETTLEMENT OF THE Mine-Adventure KNow all Men by these Presents A Recital of the Indenture Quadrupartite dated 3d. of Aug. 1698. That Whereas by one Indenture Quadrupartite bearing date the Third Day of August last past in the Tenth Year of the Reign of our Sovereign Lord William the Third by the Grace of God over England Scotland France and Ireland King Defender of the Faith c. and in the Year of our Lord 1698 and made Between the most Noble his Grace the Duke of Leeds and others Partners of the Mines late of Sir Carbery Pryse of the first Part Thomas Done of Lincolns-Inn-Fields in the County of Middlesex Esq Richard Hore of London Goldsmith Robert Fowles of London Goldsmith and Nicholas Baker of London Gent. of the second Part Sir Humphrey Mackworth late of the Middle-Temple London and now of Lincolns-Inn in the said County of Middlesex Kt. and Edward Pryse of Gogarthen in the County of Cardigan Esq of the third Part Sir Joseph Herne of London Kt. Sir William Hedges of London Kt. Sir Thomas Vernon of London Kt. and Thomas Pitt of Little-Lincolns-Inn-Fields in the said County of Middlesex Esq of the fourth Part. Whereby the old Trustees and Partners have Assigned over to the new Trustees They the said Thomas Done Richard Hore Robert Fowles and Nicholas Baker by the Directions and by and with the Consent of all the Parties thereunto and of the Chair-Man and Committee for the Management of the said Mines testified by their being Parties to the said Indenture and they the said Partners and every of them for the Considerations therein expressed Have Given Granted Assigned Transferred and Set over unto the said Sir Joseph Herne Sir William Hedges Sir Thomas Vernon and Thomas Pitt All and singular the Mines Ores and Minerals lying and being in a certain Mountain Waste or Common called Bwlchyr Esgairhyr in the Parish of Lanvihangel Generglyn in the County of Cardigan within the Boundaries therein mentioned and all the Liberties Authorities and Privileges and all other things thereunto belonging To have and to hold all and singular the said Mines Ores Minerals and Premises with the Appurtenances unto the said Sir Joseph Herne Sir William Hedges Sir Thomas Vernon and Thomas Pitt their Executors Administrators and Assigns for and during all the rest and residue of said Term of Twenty Two Years and a Half then to come and unexpired Vpon Trust under the several Trusts and Confidences and under the Conditions and Limitations and to the several Uses Intents and Purposes therein mentioned and set forth That is to say The Declaration thereof That if the said Sir Humphrey Mackworth should at any time within the Space of Twenty Days next ensuing the Date thereof or within the space of Six Days next after the Sealing and Delivery of the said Indenture by the Parties therein mentioned The Expedient to be proposed and every of them Propose and Open to the said Partners or such of them as should appear at a General Meeting an Expedient for Clearing and Satisfying all the Debts wherewith the said Mines then stood Charged and for raising Twenty Thousand Pounds for a Stock for carrying on the Works of the said Mines without any Premium or Repayment of either Principal or Interest to the Intent that the said Partners might become Adventurers with him in such New Method as should be proposed for the Purposes aforesaid in proportion to their several Interests and Shares they then had in the said Mines or so many of them as should think fit to become Adventurers with the said Sir Humphrey Mackworth And should at any time before the First Day of August next ensuing the Date of the said Indenture pay or cause to be paid to such of the said Partners who should within the space of Ten Days next after the said Proposal should be made and open'd by the said Sir Humphrey Mackworch to the said Partners as aforesaid declare they would not engage with the said Sir Humphrey Mackworth according to such Proposal but would under their Hands and Seals Release and Relinquish their Shares and Interest in the said Mines Ten Pounds for every Share of such Persons who should so Relinquish their Shares and Interest therein within the time aforesaid The Partners have an Election to take 20 l. per Share or to become Adventurers again under a new Constitution and a large Stock of 20000 l. The Intent of the said Indenture being that it should be at the Election of the said Partners and every of them either to become Adventurer or Adventurers with the said Sir Humphrey Mackworth according to the intended Proposal or to relinquish their Shares in the said Mines for Ten Pound per Share within the time aforesaid and Ten Pounds per Share to be secured as therein is mentioned * Election to be made in 10 Days after Proposal which Election every of the said Partners should make within the Space of Ten Days next after such Proposal so as aforesaid should be made That then and in such Case the said Sir Joseph Herne Sir William Hedges Sir Thomas Vernon and Thomas Pitt their Executors Administrators and Assigns should and would stand possessed and intrusted with the said Mines in Trust out of the clear Profits that should be made by and from the said Mines to pay to every such of the said Partners who should in manner aforesaid relinquish their Shares in the said Mines the farther Sum of Ten Pounds for every Share so to be Relinquished Trustees are to permit such Persons to manage and enjoy the Profits of the Mines as shall be appointed by the said Sir H. Mackworth And so charged should and would Permit and Suffer the said Sir Humphrey Mackworth and such other Person and Persons his and their Assignee and Assignes to be made in Manner as therein is Described and in such Proportion Manner and Form as the said Sir Humphrey Mackworth under his Hand and Seal should direct and Appoint from time to time and at all times hereafter during the said several and respective Terms of Years therein mentioned according to and in such Manner as should be contained in such Proposal as should be made by the said Sir Humphrey Mackworth pursuant to the Agreements therein contained to Manage the said Mines and Premises and to enjoy the Profits thereof and to dispose of the Oar then raised out of the said Mines to his and their own proper Use and Uses and to such other Use and Uses as the said Sir Humphrey Mackworth should under his Hand and Seal limit and appoint according to the Constitution therein set forth and to the true Intent and Meaning of the said recited Indenture and such Proposition as should be so made by the said Sir Humphrey Mackworth as aforesaid A farther Term of five Years granted And whereas the said Edward Pryse by the Direction and Consent of the said Sir Humphrey