Extract from account of royalties and wayleaves
Description
Summary of totals of royalties and wayleaves for the following pits: Maindy, Park, Dare, Western, Eastern, Garw, Lady Windsor and Avon. The volume contains an index, arranged by colliery, of the people/companies receiving the royalty and wayleave payments. Royalties and wayleaves were payments made by a colliery company to the landlord who owned the land being worked by the colliery company. Landlords would lease their land out to colliery companies and receive the following three types of payment:
Rent - the price fixed upon for the use of the surface or ground on which the colliery and its buildings and rubbish tips were situated;
Royalty - a payment which the landlord exacted for allowing the removal of the minerals from underneath the surface of the land, a kind of underground rent, usually calculated on a charge of so much per ton of coal raised;
Wayleaves - payments extracted by the landowner for right of way. A tonnage charge on the conveyance of minerals over or under the surface of land which is not part of the working area of a mine.
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