Letters – Joseph Richmond to John Fenwick – 8 Apr 1758

To Mr Jno. Fenwick in Roberts Place York

Newcastle 8 Apr 1758

Sir 

I have communicated yo[u]r last Lre to Sir Wr. who orders me to acquaint you that he expects £1750 to be left in his hand. The intr[es]t of wch being £70 a yr he will pay to Mr Wards order in half yearly payments during the continuance of his rent charge & when that ceases will pay the money in. If you agree to this, & will send in the counterp[ar]t of the Grant to Mr Ward, that the deeds may be properly prepared the bargain between you may go forwards if not, Sir Wr. will drop all further thoughts about it. As to the remainder of the purchase money Sr. Wr. will pay it all in on the execution of the deeds. I am to desire your answer as soon as you can & remain etc  JR

Note this lre shewn to Sr.Wr. who approvd of it.

NB this Lre was not sent, but alterd by Sr. Wr. as below.

 

To Mr Jno. Fenwick. York

Newcastle 9 Apr 1758

Sir Walter Blackett set forward for London this morning & orders me to write you that he has perused you last Lre to me, & also your letter to Mr Scott, that if he mentiond only £750 in his lres to you it was by mistake for he meant £1750 the intrest of which will pay Mr Wards annuity, wch he will pay to Mr Wards order in half yearly or quarterly payments as required by the Grant, during the continuation of the Annuity, & when it ceases will pay in the whole money, An Annuity of £70 a yeat for Mr Wards life who you say is 47, is worth 11 years Purchase, but as you say he will not sell, Sr Walter does not see any Oppression upon you to leave the above sum in his hand, nor can he think you make him a good title without doeing so as £600 is to be paid Mr Ward if you should die before him. As to the rest of the purchase money, he will pay it all in on the Execution of the Deeds by you & Mr Sparrow, & therefore he desires you will let me have your answer hereto in a Post or two by which time Mr Scott will be in this Town, & I desire you will also send the Counterpart of Mr Wards grant, to Mr Douglass that no more time may be lost.  I am etc  JR