Author Topic: What does this mean?  (Read 200 times)

Offline Jayson

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What does this mean?
« on: Thursday 02 September 21 19:03 BST (UK) »
Sorry if this sounds rather obvious but I would appreciate it if someone could explain in Ladybird Book language what the following passage in the will of my ancestor, Ann Scott, means?

“whereas under the last will and testament of Elizabeth Scott the first wife of my ... late husband Jonathan Scott bearing date 27 Nov 1799 by virtue of a ... deed ... made ... after ... the said will of ... Elizabeth Scott ... the residue & remainder of the personal estate & effects ... consisting of £1,000 secured by the bond of Sir Richard Hill, Baronet & John Hill Esq. of £3,000 stock or thereabouts in the 3 per centum consolidated bank annuities ... the ... respective sums of ... stock amounting ... together as calculated according to the price of stock to the sum of £2,845-17 ...”

What are consolidated bank annuities? And is 3 per centum the price to purchase the annuities?

Feeling a little confused.

Manny thanks, Jay :)

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Offline horselydown86

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