|
Date: |
|
Description: | John Reeve of Leadenham, esq, late a Captain in the Grenadier Guards and Lieutenant Colonel in the Army
to
Sir Robert Jacob Buxton and the other trustees of his marriage settlement of 1857.
Lands and hereditaments in Welbourn containing 182a. 3r. 2p., viz. Far Cliff (22a. 2r. 35p. arable); Leadenham Close (19a. 1r. 22p.arable); South Heath Cottage Plot (25a. 2r. 25p.; 26a. 1r. 20p.; 26a. 1r. 10p.; and 25a. 3r. 32p. arable.) North Heath Close (17a. 1r. 33p. arable) Ludlow Hole (18a. 3r. 25p. pasture).
Recites that by indenture of in consideration of £60,000 from John Reeve, divers messuages, lands and hereditaments in Welbourn were sold to John Reeve by indenture to which John Nevill Fennett, Earl Stanhope, Sir Walter Charles James, bart, the Marquess of Ripon and Augustus Albert Smith were parties. At the same time it was agreed between him and the trustees of the settled estates that certain hereditaments at Somercotes and Wellingore, part of the settled estates, and part of a stock in the 3 per cent reduced annuities standing in the names of the trustees and representing the proceeds of previous sales should be sold by the trustees and the proceeds applied in part payment of the £60,000, and that in consideration thereof, a proportionate part of the hereditaments at Welbourn should be conveyed to the uses of the settlement of 1857. But it was found impracticable to complete the sale of the hereditaments at Somercotes and Wellingore before the time appointed for the completion of the purchase of the hereditaments at Welbourn. It was therefore arranged that the conveyance of the whole of the hereditaments at Welbourn should be taken in the name of John Reeve, the whole of the £60,000 having been temporarily found by him partly out of his own monies and partly with money borrowed by him under an arrangement between him and his bankers. The hereditaments at Somercotes and Wellingore have now been sold and the proceeds together with the money from the sale of part of the stock, making together £11, 962, have been paid to John Reeve towards payment of the purchase money of £60,000. For the purpose of carrying into effect the said arrangement, the hereditaments at Welbourn have been apportioned so that the hereditaments here granted, thought to be worth £11,962, are to be considered as that portion of the Welbourn estate purchased with the £11,962 produced by the sale of the property at Somercotes and Wellingore and the stock in the 3 per cent reduced annuities, and are to be conveyed to the uses of the indenture of settlement.
Plan. | Subjects: | Country Estates Church Of England Parishes Religion & Beliefs | Temporal: | 12 Dec 1872 | Source: | Lincolnshire County Council | Identifier: | http://www.lincstothepast.com/Records/Re... | Go to resource |
|
|