Description

Contract of Tack between the Trustees of the late John Young and Young’s Paraffin Light and Mineral Oil Company Limited of Polbeth Minerals dated 1929. The Contract of Tack has been signed by William Fraser and Robert Crichton, Directors Young's Paraffin Light and Mineral Oil Company Limited and by James Alexander Mackenzie, James Young, Peter Maclellan and William Maclellan Young as Trustees of the late John Young. Plan No.1 attached has been signed by the aforemention and shows the lands under which the minerals lie outlined in Red excepting those lands coloured Green and Yellow. Plan No.2 attached has also been signed by the aforementioned. The Area shown cross-hatched and single-hatched in Blue has been sold to the Caledonian Railway Company; Areas Coloured Red compensated under Lease of 1895 and Areas coloured Green compensated for on expiry of Lease at Whitsun 1925. The scale is shown as 1 inch = 200 feet. In folder (originally folded between the main Contract of Tack) is some later correspondence relating to Polbeth Minerals and Polbeth Railway and whether there was any obligation under the lease to pay any wayleave or further payment for the passage of all or any of the traffic over the mineral railway. Also a copy typed Discharge by the Trustees of the late John Young in favour of Young’s Paraffin Light and Mineral Oil Company Limited dated 12th July etc 1950 of all claims in respect of damaged ground on termination of Lease of Polbeth Minerals.

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