| Description | DSCAM/4/1/26/1: Deed of copartnership between George Haden Hickman of Dudley, Worcs., iron master, Alfred Hickman of Penn, Staffs., ironmaster, John Stones of Dudley Port, parish of Tipton, Staffs., ironmaster and Joseph Stones of the same, ironmaster; recites that they have lately purchased The Groveland Ironworks at Tividale, parish of Rowley Regis, Staffs. from Frederick Giles, and that the Hickmans have purchased the Globe Works, Tividale from John Stones; the partners traded as John Stones and Company at the two works during 1853 and now trade under the style of Hickman Brothers and Company from those works and the Dudley Port Ironworks; partnership terminable on three months' notice; interest of the partners is one-third for each Hickman and one-sixth for each Stones; £1400 advanced by Messrs Stones to be their capital in the business, which they may supplement to give them one-sixth of the capital each, the Hickmans to bring in all other capital in equal shares; capital to carry interest at 5% p.a.; George Haden Hickman to handle finances and office at a salary of £600 p.a.; the Hickmans to receive a rent for the Globe Works from the partnership, which remains their property; Messrs Stones to act as managers at a salary of £200 p.a. each; on death of either Hickman, the other has first option to purchase his partnership interest; schedule of fixtures/machinery. |