Reference
Z41/MV1/1/4
Title
Copy share agreement.
Date free text
1952 -1954
Production date
From: 1952 To: 1954
Scope and Content
Parties
(i) Marston Valley Brick Company Limited, Blossoms Inn, 23 Lawrence Lane, London [vendors];
(ii) Walter Lawrence & Son Limited, Sun Street, Finsbury Square, London [purchasers];
Supplemental to the agreement between MVBC & Charles Brannan [Z 41/MV 1/1/2].
Charles Brannan was the agent and nominee of the Purchasers who are the permitted assigns of the benefits of the output agreement.
Agreed between the above parties that the agreement should be varied as follows:
Clauses (1), (2) and (10) of the output agreement be revoked.
The Purchaser shall be the holders of not less than 7500 of ordinary stock the Vendors shall supply them for their sole use as Builders or Building Contractors the best pressed first class bricks not exceeding 10% of the monthly output of the Vendors after they have taken bricks for use in their own works.
Whenever the number of bricks produce is 12 successive calendar months exceeds 60 million the Purchasers shall be permitted to make up the monthly quota to 15% so long as they continue to be the holders of 1000 of stock, with the percentage of 10% or 15% shall drop by 1% or 1 % for every 1000 of stock less than 7500.
The discounts specified above shall be allowed only in respect of the first 6 million bricks delivered in any one year from this date on.
The Purchasers agree not to sell or dispose of any bricks other than for their business purposes as a building contractor.
The Vendors have on the signing hereof paid to the Purchasers 13000, receipt of which is acknowledged.
With correspondence regarding the alteration of the agreement.
Exent
No. of pieces: 1
Level of description
item