, inasmuch as it states that certain Freehold lands in the
Township of Willenhall (as well as those in the Township of Bentley) had
from time immemorial been held and enjoyed in like manner as the said
Copyhold lands and that the said Freehold and Copyhold lands constituted
"one and the same Charity." The Preamble further states that there stood
in the name of the Accountant-General of the High Court of Chancery the
sum of 386 pounds 3s. 0d. of three per cent. Consols, and that there was
owing from the Birmingham Canal Company a sum of 202 pounds 2s. 0d.
These two sums represented the agreed prices of lands belonging to the
Living taken by the Grand Junction Railway Company and the Canal Company
respectively under their compulsory powers. The freehold land in
Willenhall before referred to, is comprised (with all the other lands
held in Trust for the Living), in the Schedule to the Act, and consisted
of a field called Ell Park, containing 1a. 3r. 28p., and produced a
rental of 5 pounds 12s. 0d.
Touching the supposition before referred to as to the value of the Living
being 1,400 pounds per annum, it may be mentioned that the Schedule to
the Act gives the total area of the lands held in trust for the Living at
112a. 2r. 37p., and the aggregate amount of the rentals as being 500
pounds 15s. 6d. per annum.
A further power sought for and conferred by the Act was the power to
raise a sum not exceeding 1,600 pounds to be applied in building a
Parsonage House upon any of the land belonging to the Living, or, in the
alternative, to purchase at a cost not exceeding 1,600 pounds, a
Parsonage House, with the consent of the Court of Chancery, if thought
more advantageous than to build one.
In the exercise of the powers conferred by the Act, the Trustees, in the
course of a few years, sold all the lands belonging to the Living situate
in Willenhall, and in recent years a piece of land containing 1 rood and
23 perches, forming part of the Freehold land at Bentley, has also been
sold and there now remains at Bentley, belonging to the Living, nine
pieces of land, containing a total area of 30 acres and 27 perches,
which, for several years prior to Mr. Fisher's death, produced a rental
of 20 pounds per annum.
The primary provisions of the Act with regard to the moneys to arise from
sales and leases under the powers thereby conferred were: (a) That the
moneys should be let out and invested under the direction of the Court in
the
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