Minutes – Thomas Matthew – 2 Aug 1725

At a Committee met at the House of Thomas Matthew Clerk of this Corporation on Wednesday the 4th day of August 1725 for inspecting the state of the Agreements depending between Thomas Guy Esqr. at the time of his decease according to the former orders of the Court of Committees



Present   Mr Lade   Mr Raper   Mr Paice   Mr Lessingham   Mr Hollis   Mr Osborn



The Report of this Committee which met on this affair at Batson’s Coffee house the 3rd of May last and the minutes of this Committee on their last meeting on the 26th of June last were read.



The clerk of this Corporation acquainted the Committee that Pursuant to their Directions he had attended Mr Horseman touching the Deed formerly prepared in Mr Guy’s lifetime for assigning Sir William Thomson’s Security to Mr Guy and had also attended Sir William Thomson and had received from Mr Adam the Counterpart of Sir William Blacketts Mortgage to Sir William Thomson and prepared a Draught of an assignment of the said Mortgage to this Corporation which Assignment has been approved by Mr Horseman and that Sir William Blackett and Sir William Thomson press very much to have that matter finished.



The Clerk further acquainted this Committee that he had inspected Sir William Blacketts Tittle to the Lead mines which are to be added to the Equity of Redemption of the Estate mortgaged to Mr Guy as a Security for the further Sum of £12000. and had attended Mr Horseman thereon who approved the Title and that a Draught of a mortgage Deed was preparing according to the agreement for advancing to Sir William Blackett the said further Sum of £12000. and he is very earnest to have that affair accomplished.



The Clerk further acquainted this Committee that Mr Allgood Sir William Blacketts Agent, had informed him of an Order made by the High Court of Chancery of the 10th of June last whereby the said Sir Will[ia]m is Ordered to pay the Sum of £1750 . odd pounds mentioned in, the abovementioned Report on the 10th of this month of August or in default a Sequestration to go against his Estate That as there was such necessity for dispatching that affair there hath been prepared & laid before Mr Horseman a Draught of a Discharge for this Corporation for the sum of £1753.  On their payment of that Sum to Mrs Ord out of the 4 p[er] Cent? Annuitys which are to make the £65000. on the Mortgage made by Sir William Blackett to Mr Guy



That the Committee are of Opinion to proceed to pay off Sir William Thompson and also the £1753. to Mrs Ord according to the Order of the Court of Chancery and to advance the £12000. Mortgage money and that the Clerk do perfect the Deed for those Several purposes.



It appears to this Committee that there is good reason to apprehend that the money due to Sir William Thomson and Mrs Ord and to Mr Musgrave in the former Report mentioned will exceed the Produce of £11462 Annuities in the said Report mentioned to have been remaining in the said Mr Guy’s hands this Committee conceive proper care should be taken for Securing the Excess of the said Incumbrances out of the £12000 to be advanced on the New Loan.   



Ordered  That the Clerk draw up a Report of the Several matters that have occurred to and been transacted by this Committee since their first Report.



Ordered  That the Clerk do Issue Summons for a Court of Committees to be held on Friday next at nine in the Forenoon.



The Clerk having drawn up a Report the same was Read and approved and is as followeth,



To the Court of Committees of the President & Governours of the Hospital founded at the Sole Costs and Charges of Thomas Guy Esqr.