WB/W4/1/Lo/CSB4

Dissolution & Assignment of Copartnership annotated "When Mr.Shewell went out of Trade the assignment of the Leases is enclosed. At Michaelmas 1770 the Covenents were all fullfilled agreeable to the Articles. 30 May 1761 Stock now amounted to 140,570" Parties: (i) Thomas Shewell of St.Luke [Middlesex], brewer; (ii) Samuel Whitbread of St.Luke, brewer Reciting: - (i) and (ii) had been partners for a number of years in Old Street and Chiswell Street, St.Luke; - valuation of stock etc. had been carried out every year, the last on 30 May 1761, the valuation being as follows: debts owed to partnership 48,552/5/7; cash 7,861/18/1; cellar contents 44,000;casks 24,200/10/-; malt 1,334/12/6; hops 40/5/6; coals 3/16/-; yeast and grains 812/14/7; utensils 6,700; insurances 316; leases of beerhouses 4,800 and victualling houses 862/12/4; rents of public and private houses 570/0/7; sundries 338/5/11; debts due from persons out of trade 276/5/3 - all totalling 140,570/0/10; - debts of the partnership as follows: cash owed by partnership 12,964/10/4; malt 4,455/18/9; hops and coals 5,349/1/1; coopers and ironmongers 2,225/15/10; excise 3,015/1/8; rents on public and private houses 931/17/10; workmen and sundries being 2,177/5/7 for workmen and 1,450/9/9 for sundries - all totalling 32,570/0/10; - agreement that 10% allowance should be made on all debts for bad debts - amounting to 5,000; - business indebted to (i) for 10,000 and to (ii) for 10,000; - after deductions for debts, bad debts and monies owed to (i) and (ii) the capital of the business was 83,000; - (i) and (ii) had agreed to end the partnership, (ii) buying (i)'s share of the business Operative Part: - (ii) agreed to take on the debts totalling 32,570/0/10, paying a premium of 1,000 to (i) and paying 10,000 to (i) owed to him as follows; 4,000 on 29 Sep 1763 secured by bonds at 5% interest; 5,000 on 29 Sep 1764 also secured by bonds at 5% interest; 1,000 on 29 Sep 1765 secured by bonds at 5% interest; - (ii) agreed to pay a further 30,000 to (i) as his share of the capital as follows, all secured by bonds at 5% interest: 4,000 on 29 Sep 1765; 5,000 on 29 Sep 1766; 5,000 on 29 Sep 1767; 5,000 on 29 Sep 1768; 5,000 on 29 Sep 1769; 6,000 on 29 Sep 1770; - (i) bargained and sold the business to (ii) Witnesses: - Arthur Jennings; - John Stagg

29 Sep 1761

From: 1761 To: 1761

item

Shewell, Thomas,
Whitbread, Samuel I,
Jennings, Arthur,
Stagg, John

non-agricultural leases, brewer, Old Street Brewery London, Chiswell Street Brewery London, excise, Saint Luke Old Street, Saint Luke Chiswell Street, London, City of London