Whoever goes backward every year must in time be undone.
The Estate is still in such a condition as to require a great sum̃e of money to be expended upon it in Repairing and Rebuilding in order to make it tenantable.
The Company had not money to lay out upon it.
If they had, the Estate is so scituated that there is no room to hope, even in case the whole had been rebuilt (as it wants to be) that it would have answered the laying out so much money.
And if the Company had let it upon building Leases The pˀsent method of building is so as to last exactly the term for which the Lease is taken, wouˀd have put the Company in the same condic͠on as they are now, when the term expired, besides loss of Rent, & disputes with such Tenants in the mean time.
It was therefore thought better to dispose of the Estate.
Following are the details of negotiations with one or two parties other than Mr. Finlay, and some curious particulars of the Company’s title to part of the Estate, which seems to have been an equitable rather than a legal one, whereby the Court apprehended some difficulty in disposing of it to another party from whom a somewhat better price might have been obtained, and therein, under the circumstances, showed themselves good men of business by concluding with Mr. Finlay: we cannot however now, but regret that this most valuable property should have passed from us for so comparatively insignificant a sum. The purchase-money was laid out in thirteen East India Bonds of £100 each.
7th April, 1730. Mr Serjt Dickins the Master of the Company informing the Court, That he having the honour to be acquainted with the Right Honourable The Earl of Burlington and with his Lordships most extraordinary genius and superior judgment in Architecture, had taken the liberty to address himself to the said noble Earl, and to make it his humble request to his Lordship that he would be pleased to favour the Company with his opinion, in what manner it would be safest and best to repair the anatomical Theatre built by the celebrated Inigo Jones about one hundred years ago.
That his Lordship had thereupon condescended to take a view of the Theatre and most obligingly directed the proper method of repairing a structure of so peculiar a frame, and afterwards out of his accustomed generosity, and in regard to the memory of that great Architect offered to defray the expence thereof.