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Typed copy of Principal Partnership Deed 1) William Hipwell of Sharnbrook, Miller and Corn Merchant 2) Thomas Collier Hipwell of Bedford, Miller and Corn Merchant agree to carry on business of Millers and Corn Merchants now carried on by them in partnership Partnership deemed starting date 1 May 1896 to be called Hipwell & Son and business be carried on at Stoke Mills, Sharnbrook and 5 Mill Street, Bedford and Ditchford, Northants Clause 3) Capital shown on Balance Sheet prepared by Roberts & Baker 30 April 1896 and belongs to partners in shares stated in the last yearly statement in the Private Ledger of the Partners 4) Interest allowed at 5% pa to partners before distribution of profits 5) Profit and Lossess between partners in equal shares after 4) 6) 30 April each year - balance sheet to be prepared and audited 7&8) Neither partner to use partnership, money or name except on account of partnership business not become surety or bail for anyone without written consent of the other nor lend money to anyone the other partner forbidden them to 9) On ending of partnership (apart from death) a general valuation shall be made; debts paid off, capital repaid and surplus distributed to par (pencil note revoked 1926) 10) Option of remaining partner to purchase share of retiring partner. Notice to be given within one calendar month of the dissolution of the partnership share to be paid on four succeeding quarter days and 5% interest to be paid on principal unpaid 11) No general valuation needed in event of death of partner, share of capital reckoned to be that in last yearly statement, and interest at 5% from 30 April to date of death (if day discrepancy to be balanced at next annual account) 2 independent valuers of stocks in Trade Live and Dead Stock, machinery, farm valuation, Warehouses and other buildings and Life Policies (pencil note revoked 1926) 12) Executors bound to leave two thirds of capital in business for three years; partner to signify to executors desire of continuing business, to pay execution 5% 13) Surviving partner to pay whole of 200 annuity to Mary Elizabeth Lynn by will of William Hipwell 14) Any dispute to go to arbitration Witness Arthur Dickens of Riseley, Clerk to Hipwell & Son ,9 September 1896 Easement by Percy T Read and R Anderson, Clerks to Tebbs & Son, 11 December 1915

1896-1915

From: 1896 To: 1915

item

Hipwell, William,
Hipwell, Thomas Collier,
Hipwell and Sons,
Roberts & Baker,
Lynn, Mary Elizabeth,
Dickens, Arthur,
Read, Percy T,
Anderson, R.,
Tebbs & Son

miller, corn merchant, trade & industry legal documents, business archives, SHARNBROOK, BEDFORD, Bedford Mill Street, Ditchford, Sharnbrook Stoke Mills, RISELEY