| Description | Deed between John Stones and Joseph Stones of Tividale, parish of Rowley Regis, Staffs., and Thomas Wood of the same, ironmasters and copartners (Messrs Stones and Wood), Charles Shaw of Birmingham, Warwickshire, Esq., Frederick Giles of Handsworth, Staffs., limestone and coal owner and Thomas Morris the younger of Tipton, ironmaster (the inspectors) and the subscribing creditors, for running the business for 12 months under the superintendence of the committee of inspection and paying the creditors 4/- in the £ after 1 month, 4/- in the £ and interest at 5% p.a. after 6 months, 6/- in the £ and interest after 12 months, this last payment secured by promissory notes from the partners; Shaw to advance £1200 and £450 to pay off various secured debts and provide goods to a value of £4500 maximum to allow the business to be carried on, in return for a mortgage of the partnership estate; arrangements to cover default. Schedule of creditors and their claims (£3554). |