Pages 14 and 15 of the Robert Stephenson & Co Ltd minute book no.1

[Page 14]
Newcastle, 10 Augt 1824
To Edw Pease Esq Darlington
Dear Sir
I now annex you a Balance Sheet for the accounts of Rob. Stephenson & Co to the 30. June last.
In the present unfinished state of the Buildings, Machinery &c, no account could be accurately taken of the value of the Stock and every thing is therefore valued at its cost.
I have paid up my share of the Capital, & will be obliged by your remitting the balance of yours, say £290, as our finances are very low.
I am &c
Signed
Mich Longridge

[Page 15]

Darlington, 31st August 1824
Present the undersigned
The Balance Sheet ending 30 June last was this day presented & examined, from which it appears that the sum of Three Thousand Two Hundred & seventy five Pounds of the Capital has been advanced, & that the amount of Stock & Book Debts amounts to the sum of £5852∶ 10:11½d.
A Letter from Geo. Stephenson dated 30 June last was read, & his request that his shares in the Business might be transferred to his Son, was agreed to. Copies of his Letter & the consent are annexed hereunto.
Resolved, that the sum of Five Hundred Pounds shall be borrowed of the Partners, at the rate of Fifty Pounds per share, & for which they shall be allowed Interest at the rate of five Pounds per cent per annum.
[Signatures]
Edward Pease
Mich. Longridge