Letter – Nicholas Walton to John Holmes – 20 Jun 1769

To Mr John Holmes. 						Farnacres 20th June 1769



Dear Sir

      We have consulted together about your Proposal of taking the Hospitals Silver in proportion to the Refiners Price or at the Market Price and agree that you take it in proportion to the Refiners Price as it shall happen to be the day it is delivered at your House in London you paying the Carriage (which we believe for the future we can leave to pay on delivery) or you repaying us the Carriage when we find it necessary so to do and we desire that you will state to us the price that you propose to give us after paying the Carriage in proportion to the Refiners Price. We believe it will be near upon two Months before we shall send you any more Silver and our Mill has lately been at Work upon Refineable Lead.

             We understand the Matter in this Way that on the Recet. of the Silver you advise us of the Quantity and Price, on which we draw upon you for the Value at Sight or at such Date as we think proper.indeed it will be necessary that those Drafts should be at very short dates; because as we receive Cash for the Silver for what we sell at Newcastle in delivery, these will at the soonest be a difference of three Weeks which Credit us to be Subtracted out of the Additional Price that you allow us. If you do not thus understand the Matter, or if you do, you will please to advise us thereof; and that if there is any difficultys to you or to us that we don't foresee we desire you will freely state it to us; as in matters of business it is impossible to be too clear as you yourself say. We are

      Sir your most Hble Servts

             		N Walton Junr.

      J Smeaton