| Description | Deed of copartnership between Thomas Johnson of Westbromwich, Staffs., ironfounder and William Cranage of Tipton, Staffs., ironfounder, as ironfounders under the style of Johnson and Cranage, Ridgacre Ironfoundry, Westbromwich, for a term of 21 years from 1 June 1844; rent of £100 p.a. for the works payable by the partnership to Johnson as well as value of pig iron stock; Cranage to pay half value of various other stock into the partnership capital account; Cranage to manage foundry; each partner to receive £1 10/- a week; profits to be divided equally; partnership dissolved on death, survivor has option to continue business at valuation; partnership may be dissolved on 12 months' notice |