Letters – Joseph Richmond to Christopher Denton – 7 Jun 1755

To Mr Chr.Denton, Grays Inn London

7th June 1755

By Sr W[alte]rs order I send you inclosed a rental & valuation of his purchased estates, & an abstract of the titles, in order th[a]t those estates may be annexd to the trust Estate as it will be most convenient to those in remainder that it sho[ul]d be so. Mr Edws.Ords £400 I presume must be p[ai]d out of the sale of W.kenton, & I think the rem[ainde]r of the money ought to be applied towards the refunding Sr W[alte]r the expence he has been at on acct of Hexham & Shildon divisions, wch comes to upw[ar]ds of £300, besides the fencing wch comes to £140 more.

You know th[a]t Mr Wm.Watson makes a claim of £200 intr[es]t under old Mr Midfords will, wch £200 was p[ai]d Mr G.Allgood  by Sr Wm.Blackett in 1723 as appears by the stated acct between them, & he has been so troublesome to Sr W[alte]r about it, that he seems inclinable to give him £150 on his executing a release to discharge the trust estate f[ro]m any further demand on th[a]t head, but I cannot understand how Sir W[alte]r will ever get the money replaced, pray what is y[ou]r opinion? Old Ald[erma]n Clayton is dead & his son William was chosen Alderman in his room on thursday last.

I will be obliged to you for your thoughts whether it is better to sell out my £500 <SS> ann[ui]tys at this time, tho I shall lose £30 by doing it, or to let the same continue till we see a little further.

PS Mr Daling writes me th[a]t the new mortgage deeds executed by Sir W[alte]r require th[a]t the int[ere]st shall be p[ai]d to the 13 or 14 February instead of the 26th to wch day I understood all the int[ere]st to be settled, & it is p[ai]d for the £118000 to the 26 February last, so this must be rectified in the next payment. I imagine the alteration of the stile occasions the difference. I am etc   JR

I cannot discover what surplus there will be to pay Sir Walter for his purchased Estates.