| Description | 1. Daniel Hughes of Birmingham, Glass manufacturer
2. Thomas Feason of Birmingham, glass manufacturer
Business: Glass cutters
Period: 14 years
Terms: Daniel Hughes shall pay £1,000 in starting stock, making up any residue with cash.
Thomas Feason shall pay £1,000 in cash, the first £200 by 25 Dec. and the rest in installments of £60 per month thereafter. This to be repayed at the rate of £5 per cent per annum. In addition Daniel Hughes receives £5 per cent per annum up to a limit of £30 during the first 7 years. Each can draw £50 per quarter out of the profits during the first year and £60 per quarter in subsequent years, if the net profit equals £500.
Trading name: Hughes and Feason
Place: Crooked Lane, Birmingham |