- DNML-08
- Item
- 20 September 1847
Part of Deeds of New Mill, Lydd
The Assignment of the Equity of Redemption in a Corn Mill records that following the death of Thomas Finn, the trustees of his estate attempted to sell the mill to pay off the mortgage. The trustees of his estate were Francis Finn of Old Romney and the two graziers of Lydd, Stephen Burgess and Charles Allen. The indenture records the first public auction of the mill at the George Inn in April 1847 and its subsequent failure to produce any bids leaving the trustees with no option but to transfer the legal title to Henry Elve for £878.12s.9d which was the amount of his mortgage advance plus 5% interest per annum.