STAMFORD. Indenture for a loan of £50. black on vellum, red wax seals. Folds. In 1757 some of the roads in south-east Lincolnshire needed work to repair and widen them. Among them was the road from Donnington High Bridge to the Cross Post in the Parish of Hacconby. This work would cost £3000 and Parliament had authorised the work and the right to borrow the money. The £3000 was divided into 30 shares of £100 or redivided into units of £25. The loan was to be repaid from the proceeds of tolls on the repaired road. A Rev. Brownlow Toller, priest of Stamford, lent £50, andthis bond was created in his favour. The bond was to receive interest at £4/10 per annum, and this was paid regularly up to 1789. There is no mention of repayment of capital, and the bond is not cancelled; we hope the holy gentleman did get his money back in time. An unusual certificate, printed but with detail written in by hand, and with the wax seals of 5 trustees. Only this one piece is known by us. Printed on vellum.
Themes: BEFORE 1800, ROADS
Startprice: € 1000