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1827 Born son of Ralph Heaton II, so Ralph Heaton III.
1858 Ralph Heaton, junior, brass stamper, of Soho Park
1889 Shortly before his death, Ralph III converted the family business into a public limited liability company, passing control, on 22 March, to the new company named The Mint, Birmingham, Limited. The agreement paid £110,000 to Heaton with £10,000 worth of copper. In addition £2,000 annual rent for the Mint property would be paid, and his son, Ralph IV would be general manager, his other sons Gerald and Walter would have senior positions, and he, Ralph III, would remain as a director. He died two years later.