| Description | Duplicate deed between William Millington of Summer Hill, parish of Tipton, Staffs., iron manufacturer and Thomas Lewis Nicklin of Bloomfield in the same parish, iron manufacturer, dissolving their partnership of 30 July 1845 as ironmasters at the Summerhill Iron Works (William Millington and Company) from 30 June; arrangements for Nicklin to offer Millington his stake in the business or to take Millington's; Millington's election to buy out Nicklin for £20000; £11901 0s 6d paid this day; Nicklin has assigned all his interest in the lands works, fixed machinery and plant etc. by further deeds of even date; apportionment of duties; Nicklin hereby assigns his half-share in the stock in trade, loose machinery, tools, goodwill, trademarks etc., for a consideration of £5692, and in the credits etc. of the business, for a consideration of £7970 (parts of the £20000); covenant by Millington for the payment of £8098 19s 6d; mutual covenants. |