1. R.D. Pyce, Esq. of Cyfronnydd, Montgomeryshire
2. Mr. H.J. Standly
Lease of right of tramroad (giving access to the Glandulas and Llwyngwern quarries) over part of Pantperthog farm in the parish of Pennal.
Reserved rent : £5 per annum
Term : 21 years
Power of re-leasing. Plan incorporated