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Ravensworth Castle. June 7. 1741
To Mr Radley
Sir
Your Letter of the 4 Inst is Just come to hand acquainting us that Mr Smith has made a further bidding for the Cumberland Woods & that one Mr Hall for Some Client of his has bidd £4200 I have just time to run over a state of these two proposalls or biddings to Shew without regarding the damages of ground by the Wood continuing longer upon it by Mr Smiths bidding than the Others, & if I am right it appears that Mr Halls proposall is the most Advantagious one. As I said before I have just time & can hardly Save the post, so if you will be pleased to See if therein I be right Calculated & if it should be of any Service to you to Judge whether of these are the most Advantagious biddings I shall be glad of it. As to the difference in the damage of Ground it is a Small matteer, but you must take Care that the purchaser is to pay the Tennants damages for way leave & passage thro’ any other Lands, but what the wood realy grows upon, I mean in any other Inclosure. I am of Oppinion that when Mr Smith is Approved of the difference which his manner of proposing make that he will make his payments as early as Mr Hall & do not doubt but both will go further. I begg you will use a deal of Caution & do not be too hasty. We are in no do0ubt but the Derw[entwat]er Woods in Northumberland will come up to what we have always valued them to or near it. Mr Boag is from home &
I am in great haste
Yrs &c. N. Walton
A State of the biddings for the Derw[entwate]r Woods in Cumberland shewing the Most Advantagious to the Hospitall viz.
Mr Smith Proposes to give £4500 to pay in 7 years at Equal payments
1.The first to be made at Xmas 1743 £642.17. 0
Int[erest] to Xmas 1744 at 4pc 25.14.
668.11. 3
2.To pay Xmas 1744 642.17. 0
£1311. 8. 3
Int to Xmas 1745 52. 9. 9
3.to pay at Xmas 1745 642.17. 0
£2006.15. 0
Int to Xmas 1746 80. 5. 7
4.To Pay at Xms 1746 642.17. 0
£2729.17. 7
Int to Xms 1747 109. 4. 0
5.To pay at Xms 1747 £642.17. 0
£3481.18. 7
Int to Xms 1748 139. 5. 7
6.To pay at Xms 1748 642.17
£4264. 1. 2
Int to Xms 1749 170.11. 2
7.To pay at Xms 1749 642.17. 0
£5077.10. 4
Mr Hall proposes to give £4200 to pay in 7 years and Clear the grounds
1.The paym.t at Xmas 1741 £600. . 0
Int[erest] to Xmas 1742 at 4pc 24. .
2.To Pay then 600. .
1224. .
Int to Xmas 1743 48.19. 2
3.To Pay then 600. .
1872.19. 2
Int to Xmas 1744 74.18. 4
4.To Pay then 600. .
2547.17. 6
Int to Xmas 1745 101.18. 3
5.To Pay then 600. .
3249.15. 9
Int to Xmas 1746 130. .
6.To Pay then 600. .
3979.15. 9
Int to Xmas 1747 159. 4. 2
7.To Pay then 600. .
4738.19. 9
Int to Xmas 1748 189.11. 3
4928.10.11
Int to Xmas 1749 197. 2. 8
5125.13. 7
Mr Hall the best bidder 47.17. 3 [more than Smith]
The ‘State of bidding’ is presented in the original in two parallel columns, one for each of the two bids. They are transcribed here in sequence for convenience. The section numbers are in the original.
