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Sir Mr Bulmer has desired the Gentlemen who compose the Committee of the Exchange Bank to communicate to you the arrangements made on Saturday last relative to the Tyne Iron Co. Engagements and to state their opinion of them I am directed to assure you that they have the Gentlemen's approbation and that Mr Bulmer's conduct on the trying occasion appears to them to be strictly proper and deserving of the forbearance of the Creditors Mr Bulmer has become the Purchaser of all his Partners Interest in the Works in the Condition of his obtaining a Letter of Licence from the Creditors I have the honour to be Your most Obedt Servt <P> Bolam <Sec.y> Newcastle on Tyne 3d Octb. 1803 T R Beaumont Esqr