LETTER: Charity Commissioners to t he trustees of the Penmynydd charities replying to a letter of Oct. 9th and informing him that Mr. Pierce paid £24. 7s. 6d. to the Official Trustees of Charitable Funds and invested on 26th April in the purchase of £24. 13s. 6d. new Consols, and the dividends thereon amounting to £1 are held by the official Trustee on trust for the Llangoed charity, Wynn's charity and the rentcharge. However in a case brought against Mr. Pierce by the treasury there were costs of £176. 18s. 1d. , only £74 15s.11d. of which was recovered from the defendant. Therefore the Treasury and he Commissioners agreed that the £24. 13s. 6d. Consols should be paid to the Treasury to help offset the costs of the case. Moreover the sum paid by Mr. Pierce to the official Trustee was only a fraction accepted from Mr. Pierce in discharge of arrears of several perpetual rent charges (amounting to £9.19s. per annum) belonging to the pa. of Llangoed. The Commissioners suggest that the vicar and churchwardens of LLangoed as the Trustees should apply to Mr. Pierce for payment of these arrears.
Note at foot of letter reads "The original of the above handed t oS. J. Chadwick Esq. Haulfre, Taken this 20th day of January 1904. W. Griffith, Vicar."