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Tuesday 25th Received the Solicitors answer to my enquiry respecting the Covenant in the Lease of Langley Mills, requiring the Lessees to insure the premises against Fire. He states that the Lessees covenant to insure three fourths of the value of the Buildings & Machinery, & to expend the Money to be received from the Insurance Office in case of Fire, towards reinstating the damaged Property. In event therefore of the Lessees not being called on for a literal fulfilment of the Covenant, I should not think that any Bond, unless they can produce some other Persons to join them as surety will at all strengthen the security that the Hospital already possesses. Having communicated to Mr Fenwick the Secretary’s Letter, informing me of the Boards directions to have the Counterpart of the Leases also on Stamps, he states he is setting to work forthwith, to have other Copies engrossed for the purpose. Went over the transactions of yesterday’s receipt & settled some accounts for repairs with Benson in the Office. Rode to Hexham Market & met several Tenants. The Lessee of Lough Lime Kilns, tells me that he cannot consent to the Lessees of Langley Mills burning their own Lime, unless they give him compensation. This is as I anticipated. In the evening prepared an Advertizement for letting Brokenheugh Colliery & the Limestone there & at Allerwash, fixing the last day of January for the Proposals to arrive at Greenwich which will appear in the Newcastle Courant & Chronicle of this week, along with the Lots of Wood set out in Newlands & Dipton Plantations. Mr Parker has not yet completed the measurement & valuation of the Lots on the Banks of the Allen at Hartburngrainge, but as they are of a different description of Wood & in different parts of the Country, I think it better to offer these in the market at once, as they consist chiefly of Larch & Scots Fir, which is in pretty good demand.
