| AdminHistory | John Price, senior, of Cadnant, chief agent of the Mona Mine company died intestate, leaving debts (simple contract debts, so it is stated) amounting to over £19,500, including £9,506 due to the Mine Company, of which Lord Anglesey's share was £6,204 and Thomas Williams' (of Llanidan) £3302.
To clear these debts, John Price, junior, was forced to sell part of his father's estates, and for this purpose conveyed certain properties, divided into two lots, in trust to William Lowe and Poole. Part of the purchase money for Lot 1 was to be paid to the Earl of Uxbridge, while Lot 2 was to be held by the trustees as mortgage security in trust for his Lordship. Lot 1 was sold in 1810, part (including Erianell Wen in Bodwrog) to Lord Uxbridge, and part to Robert Evans of Trergof, and out of the proceeds the executors of Thomas Williams were paid in full. The balance amounting to £4131 remained in the hands of William Lowe as the surviving trustee (Poole having in the meantime died), and ought to have been paid over to Lord Anglesey. There appears, however, to be a disposition on the part of Lowe and R.A. Pool, O.A. Poole's nephew and executor, to "shuffle off" the payment of this balance by declaring that the late O.A. Poole had not left sufficient property for the purpose. The balance due from Price to the Marquess in 1824 was £3069, but he had sold to the latter, exclusive of the Trust account, his interest in Llechog Isaf and other premises in Amlwch, to the total value of £4472, leaving a balance of £1400 in his (Price's) favour. Price therefore wanted the title deeds to Lot 2 back from Lowe now that the object for which they were lodged with him was completed. The matter was eventually settled at a round-table conference at Plas Newydd on August 3rd, 1824, at which all the interested parties attended. Poole agreed to deposit with the Marquess the title deeds to his late Uncle's estates as security for the balance due to his Lordship from the latter; Lord Anglesey, in turn, consented to deliver to Price all the title deeds constituting the mortgage security when the balance due from Price had been discharged. |