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28
Financial
Adjustment.
4.—In view of the above-mentioned scheme and of the balances
in the accounts at 31st March, 1901, a further
agreement for the adjustment of assets, &c., was
entered into to the following effect, viz.:—
1. As from the 9th November, 1900, all the properties which,
on or immediately prior to the Board of Works for the Wandsworth
District ceasing to exist, were vested in the said Board, or
in any other Body, or in any person or persons, for the benefit
of any of the Parishes of Wandsworth, Clapham, Putney, Streatham,
and Tooting Graveney, and which by virtue of the London
Government Act, 1899, passed and became the property of the
Borough Council (except the several properties referred to in
the following clauses, numbered 2, 3, and 4) are to be held by
the Council to the use and for the benefit of the Borough as a
whole, and the income of all the said parishes (except the income
arising from the properties referred to in the said clauses, 2, 3,
and 4) is to be received and applied by the Council for the benefit
of the Borough as a whole, and all the debts, liabilities and
expenses of the said Board of Works in respect of each and every
of the said parishes, and of every such other Body or person for
and on behalf of each and every of the said parishes (including
sums which the said Board was liable to contribute, pursuant to
the London County Council (General Powers) Act, 1898, and the
London County Council (Improvements) Act, 1900, towards the
cost of widening York Road, Wandsworth, the purchase of lands
between Putney Bridge Road and the River Thames for a recreation
ground, and the widening of High Street and Gardener's
Lane, Putney, but excluding the debts, liabilities and expenses
referred to in the said clauses 2, 3, and 4) are to be assumed by
the Borough Council as debts, liabilities and expenses of, and
are to be charged upon and borne by the Borough as a whole.
2. The several properties which, on or immediately before
the 9th November, 1900, were vested in the Commissioners for
Baths and Wash-houses, the Commissioners for Public Libraries
and Burial Boards in and for each or any of the said parishes
and all the separate liabilities of such Commissioners and Boards,
or of such respective parishes in respect thereof, are as from the
9th November, 1900, to the 31st March, 1902, to be held by the
Borough Council to the use and for the benefit of such parishes
respectively, and are as to such liabilities between the said dates
to be an exclusive charge upon such parishes respectively.
3. As from the 31st March, 1902, all the properties which
shall on that date be vested in the Borough Council for the
purposes of the Baths and Wash-houses Acts and the Public
Libraries' Acts, and the income arising in respect of such properties
are to be held, received and applied by the Borough Council
to the use and for the benefit of the Borough as a whole, and all
the debts, liabilities, and expenses of the Borough Council on
that date for the purposes of the Baths and Wash-houses Acts and