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Hipwell & Sons Deed of Partnership 1)William Hipwell the Elder of Stoke Mills, Bletsoe, Miller & Corn Factor 2) William Hipwell the Younger of Mill Street, Bedford (Eldest son of 1) 3) Thomas Collier Hipwell of Stoke Mills, Bletsoe (second son of 1) recites William Hipwell the Elder for some years past been in business as a Corn Factor at Sharnbook and 74 High Street, Bedford recites Valuation of Stock in Trade, Corn Seed Cakes, Goods, Chattels, Book debts and effects Total 3247.0s.18d, 30 June 1872 (analysis of this valuation in schedule) recites Deed of Partnership 1) Daniel Hipwell of Bletsoe, Farmer 2) William Hipwell, the Elder 3) Thomas Hipwell, the late of Stoke Mills Miller, but then of Bedford, Coal Merchant had been partners in business of Millers and Corn Merchants; principal business at Stoke Mills (in which 1) only had a nominal interest since 1858) and that on the Dissolution of the partnership Thomas Hipwell's share considered to be 1000 be left with William Hipwell and to pay 10% interest as trustee for Thomas, his wife and children repayable by 7 years 10 January 1871 1000 still unpaid recites valuation of stock in trade, Book debts, Chattels and effects investor in the business of Millers and Corn Merchants, called D Hipwell & Sons Total 4369.14s.3d (after 1000 deducted) 30 June 1872 recites William Hipwell the elder 'in order to promote the advancement in life of his said sons' wants to make his sons partners as Miller and Corn Factor from 1 July 1872 onwards (a) 1) to assigns to 2) so much of his capital, property and effects as Corn Factor and Miller to value of 400 (b) 1) assigns to 2) and 3) two equal undivided fourth shares of businesses (c) 1,2,3 agree 1) Businesses of Partnership shall be Corn Factors and Millers : Corn Factors at 5 Mill Street, at Stoke Mills and Sharnbrook Station Miller at Stoke Mills William Hipwell the elder to live at dwelling house at Stoke Mills William Hipwell the younger to continue to occupy dwellinghouse at Mill Street, Bedford not to pay any rent, rates or taxes on them 2) for 10 years from 1 July 1872 3) Partnership: Hipwell & Son 4) Capital of partnership 3247.0s.8d and 4369.14s.3d on 30 June 1872 partners William Hipwell the younger of 400 residue William Hipwell the elder 5) Capital and profits to be employed in the business 6) Bankers: Corn Factors the Northants Union Bank, Wellington - Millers: Thomas Barnard and Co of Bedford 7) rent of houses, mills, warehouses, buildings at Stoke Mills, & Bedford where businesses carried on; all repairs, additions and alterations by the tenants; all taxes, rates, assessments, payments for insurance against loss by fire AND salaries, wages and maintenance of all Clerk, Travellers, Workmen, servants and apprentices who shall be employed in the businesses and all duties, debts and monies and all losses and damages all to be borne by the capital of the partnership 8) drawing rights of partners, figures (not filled in) any surplus not drawn leave on books of Partnership at 5% 9) liberty of William Hipwell the Younger to carry on business as Coal Merchant with his brother Thomas Collier Hipwell or any other manner 10) no partner to engage in any other business except for the benefit of partnership of parties without consent of other partners 11) cannot take on apprentice or dismiss staff without consent of other parties 12) cannot take any journey or voyage on account of partnership without consent of other partners 13) Bonds, Notes, Bills etc to be signed by all partners 14) Bonds not so signed liability of that partner (signing it)'s account 15) partner cannot lend any money or deliver on credit any good of the partnership to anyone whom other partners by written notice have forbidden them to 16) full liability of partner in event of disobeying this 17) cannot contract for corn or any other article value 500 without previous consent in writing of other partners. 18) need for consent of other partners for partner to be a bail surety 19) partner not to endanger stock in trade being seized 20) partner to promptly pay debts to partnership 21) proper books of account to be kept 22) Books of account, notes of hands etc relating to corn factors to be kept at the Counting House, Stoke Mills and in Bedford 23) 30 June full and general account of partnership be made 24) Partners entitled to net profits from the business of the Partnership : William Hipwell the younger one equal fourth share. Thomas Collier Hipwell another equal fourth share residue to William Hipwell the elder (after allowing three partners 5% on amount of shares in partnership) 25) Within six months after end of partnership, other than by death general account to be made (proposals for winding up) 26) Conditions in event of partner dying 27) Bond of Indemnity by surviving partners to deceased partner's executors 28) Matters of dispute between partners to be referred to an Umpire Schedule Attached 1st Schedule (Corn Factor's Business) (a) Assets listed Total 5397.4s.6d (b) Liabilities listed Total 2150.3s.10d NET CAPITAL 3247.0s.8d 2nd Schedule (Millers & Corn Merchant's Business) Assets listed 9266.7s.5d Liabilities listed 4896.13s.2d NET CAPITAL 4369.14s.3d Memorandum Death of Thomas Hipwell, of Bedford, Coal Merchant Partnership of Coal Merchants between William Hipwell Senior and Thomas Hipwell ceased. William Hipwell sole owner of business, now carried on at Sharnbrook from 1 June 1877, William Hipwell Senior admits William Junior and Thomas Collier Hipwell as partners on same terms as other businesses above William Hipwell Senior's capital on 1 June 1877 was £1470. Interest on which at 5% from charge on the profits residue to be shared in three equal parts by 1),2),3).

19 September 1873; 3 August 1877

From: 1873 To: 1877

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Hipwell and Sons,
Hipwell, William,
Hipwell, Thomas Collier,
Hipwell, Daniel,
Hipwell, Thomas,
Thomas Barnard & Company

miller, corn factor, valuations, farmer, coal merchant, trade & industry legal documents, Sharnbrook Stoke Mills, Bedford Mill Street, Bedford High Street, SHARNBROOK, BLETSOE, Sharnbrook Stoke Mill House