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65
premises, which in the event of an installation station for electric
lighting purposes being required would save the parish a large
capital outlay, while the ground rental would scarcely he felt as a
charge upon the estimates. The terms offered by the Trustees and
submitted to the Vestry on the 13th November were to grant the
Vestry a lease for 999 years at a ground rent of £150 per annum
to the expiration of the existing lease in 1923 and £160 per annum
for the remainder of term, the Vestry to acquire the lessee's interest
of 28 years from Midsummer 1896 for the sum of £800, costs of
transfer being agreed at £25. The matter was referred back for
further consideration, whereupon the negotiations were resumed, in
the course of which the property was valued by Mr. Douglas Young
on behalf of the Vestry at a cost of £15 15s. 0d.; and on the 22nd
January 1896 the Committee brought up the following recommendations,
which were agreed to by the Vestry: —
That the offer of the Brandons' Trustees to grant the Vestry a lease for a
term of 999 years of the houses Nos. 22, 24, 30, 32 and 34, Penrose
Street at a ground rent of £150 per annum be accepted, subject to
the power of the Trustees to grant the lease being investigated by the
Vestry's solicitors.
That the Vestry acquire the lessee's interest of 28 years in Nos. 22, 24,
30, 32 and 34 Penrose Street for £650 as from Lady-day next, the
costs of the transfer being agreed at £25.
The sum of £900 was inserted in the estimates for 1896-7 to
provide for the purchase of the property on these terms and costs ;
but at the close of the year under report the title of the Brandons'
Trustees was still under investigation.

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