Agreement (duplicate), 4 Jul 1898; (i) John Glasbrook, Isaac Thomas Glasbrook and David Mansel Glasbrook, all of Gloucester Place, county borough of Swansea, colliery proprietors, with (ii) Evan Sylovanus Jones of Gloucester Place, Swansea, accountant, for and on behalf of Company about to be formed under name of Glasbrook Brothers Limited: (i) shall sell and Company shall purchase following property: (i) several leasehold mines, collieries, messuages and other hereditaments in parishes of Swansea, Loughor and Llangafelach and know as the Garn Goch collieries and all rights and privileges belonging thereto. Together with all offices, wharves, tramways, railways and sidings belonging thereto and fixed plant and machinery and other fixtures. (2) Goodwill of business now carried on by (i) under style or firm of Glasbrook Brothers. (3) Loose plant, machinery, implements, locomotives, trams, appliances, stock, of coals. (4) All book and other debts due to (i) in connection with said business and full benefit of all securities for same including bills of exchange and promissory notes. (5) All accumulations of dead rents paid by (i) or their predecessors in title under respective leases mentioned in schedule hereto which remain redeemable. (6) Full benefit of all contracts, agreements, engagements and orders in connection with said property and business. When and as soon as said intended Company shall have been incorporated and shall have adopted this agreement, (i) shall further enter into agreement with Company to grant to them lease of 6 feet or Graigola vein or seam of coal and culm situate under farms or lands in parish of Llangafelach described in second schedule hereto for term of 49½ years from 25 March last determinable nevertheless at end of any year of said term by 12 months previous notice in writing, subject to yearly dead rent of £190. Consideration for said sale and agreement for lease shall be sum of £45,000 which shall be paid and satisified by allotment to (i) or their nominees in equal proportions of 9,000 ordinary shares of Company of £5 each which shall be deemed to be fully paid up. Said sale and purchase shall be deemed to take effect as from 31 Mar last and on that date business of (i) with all above mentioned property and assets shall be deemed to have been taken over as going concern; Schedules of colliery and office leases and agreements, 31 Dec 1879-24 Feb 1891, agreements as to sidings, 1 Sep 1880 and 12 Aug 1881, and lands and farms in parish of Llangafelach; Agreement, 25 Jul 1898. (i) with (ii) with (iii) Glasbrook Brothers Limited

  • This material is held at
  • Reference
      GB 216 D/D SB 15/107
  • Dates of Creation
      25 Jul 1898
  • Language of Material
      English
  • Physical Description
      1 file of 4 papers