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Whereby, having recited: firstly, that on 17 Mar 1861 Henry Brown [auctioneer], Frederick Robinson (cooper}, William Read [watchmaker], William Eaves [auctioneer], William Henry Gardner [loom-maker], David Gardner [loom-maker], William Taunton [auctioneer], Richard Eaton, Charles Flint [watchmaker], William Howard Mercer [trimming-manufacturer], Samuel Fawson [provision-dealer], John Steane [butcher], Nathaniel Poole [weaver], Thomas Jackson [watchmaker] and John Webb, freemen's trustees, leased to the Coventry Cotton Spinning & Weaving Co. Ltd. (incorporated on 24 Nov 1860) (a) close number 35 under the 1860 Enclosure Award which was known as The Three Fields (10a. 2r. 10p.) in Holy Trinity parish and let to the freemen as gardens but then occupied by the trustees, (b) piece number 34 (part of Swan Croft - 4p. similarly sited and used), (c) piece number 33b (part of Swan Croft - 1r. 13p. similarly sited and used), (d) number 32b (part of Little Swan Croft - 1r. 3p. similarly sited and used), (e) part of number 37 which was Church Leys (1r. 12p. in Holy Trinity parish, lately occupied by John Ash [ribbon-manufacturer] but then by the trustees), (f) close number 190 called "the East Corner of Radford Hill" (3r. 24p.; lately held by J.M. Rees but then by the trustees) and (g) use of road from (d) into "Bishop Gate Street" otherwise Leicester Row as shown on the plan therewith, for 99 years from 25 Mar 1861 at £99/6/- for the first year, £124/2/6 per annum thereafter, subject to a covenant to build a cottonmill by 25 Mar 1871 worth not less than £127, with fences to separate (f) and (e); secondly, that the Coventry Cotton Spinning & Weaving Co. Ltd. have built the mill and installed scheduled machinery, with a tramway to the Coventry-Nuneaton railway line and a wharf against Coventry Canal; thirdly, that a 28 Nov 1860 meeting of the company's provisional committee in Saint Mary's Hall appointed the Coventry Union Banking Co. as bankers; fourthly, that the articles of association allow such a meeting to take out a mortgage via the directors; fifthly, that on 21 Jul 1866 the directors (at Mr. Browett's office, 23, Bayley Lane) decided to deposit the lease with the bankers as security; sixthly, that on 5 Nov 1867 the directors (at the mill) ordered a mortgage; and seventhly, that the company owes the bank £18,6717/4/4 with interest: therefore for 10/- the company transfers to Samuel Vale and Robert Harvey Minster (of Coventry, esqs.) the land and mill for the residue of the 99-year term, but scheduled fittings and their replacements absolutely, upon trust for sale, applying at least £15,000 for the bank's use, for which minimum the company will insure the premises.
Schedule of cotton-spinning equipment.