Sinking Fund receipt

Printed receipt form, completed in manuscript, 14 Jul 1747, for annuities paid from the Sinking Fund to Sir John Barnard, 'executor of Mr. Robert Pain Barnard and Samuel Troughton assignees of...[the 16 persons named in the] margin'. The payment from the Receipt of the Exchequer totalled £181 10s. The document is signed by the two assignees and Thomas Hankey as witness.

A sinking fund is a fund accumulated and set aside by a corporation or government agency for the purpose of periodically redeeming bonds, debentures, and preferred stocks. The fund is accumulated from earnings, and payments into the fund may be based on either a fixed percentage of the outstanding debt or a fixed percentage of profits. Sinking funds are administered separately from the corporation's working funds by a trust company or a sinking-fund trustee.

Single item.

Access to this collection is unrestricted for the purpose of private study and personal research within the supervised environment and restrictions of the Library's Palaeography Room. Uncatalogued material may not be seen. Please contact the University Archivist for details.

Bought from E. Hall in 1966.

Collection level description.

11" x 7¼"

Compiled by Sarah Aitchison as part of the RSLP AIM25 Project.

Copies may be made, subject to the condition of the original. Copying must be undertaken by the Palaeography Room staff, who will need a minimum of 24 hours to process requests.