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9
Lad it not been thought advisable to allow certain
leasehold interests in the meantime to expire. By this
means, and a consequent diminution in the number of
persons to be compensated, although some delay was
incurred, a great saving was effected. The total cost
of the improvement amounts to nearly £3000, of
which, £1200 has, by virtue of a previous arrangement,
been contributed by the Metropolitan Board of Works.
To enable them to meet the necessary expenditure, the
Vestry borrowed £1600 of the Star Life Assurance
Society, which bears interest at five per cent. per annum,
and is to be paid off by annual instalments of
£100 each.
In the Session of 1869, "The North Metropolitan
Tramways Company" obtained an Act of Parliament,
enabling them, amongst other works, to lay down a
double line of tramway throughout the whole length of
the Mile End Road; and the Vestry, under the statutory
powers given them, required the Company to pave
the road with granite pitchers, for a width of above 17
feet down the centre, from one end of the Hamlet to
the other. It has long been apparent that the whole of
the Mile End Road must eventually be paved with this
material, which, although expensive in the first instance,
is economical in the long run; and the paving laid
down by the Company will be a substantial contribution
to the projected work.
Vestry Hall, Bancroft Road,
30th June, 1870.
B