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16
Amount to be paid by Tramway Company in respect of Hackney
£3,000
0
0
Amount to be paid by Railway Company in respect of paving in
300
0
0
Amount of Special Paving Fund unexpended, exclusive of
interest (from June, 1871), to be allowed by General Rate
Account, for Loan, to that Account of £1,500
1,745
8
4
£5,045
8
4
This would leave a balance of £3,954 l1s. 8d. to be found, and it is proposed to raise
that by equal quarterly instalments, extending over three years, from the beginning of
the work.
The annual cost of repairing the road is about £500, and the value of the metal and
material on it, which would belong to the Vestry, is about £100. The cessation of the
annual cost, and the metal and material being available for other roads, would diminish
so far the burden of raising the proposed quarterly instalment.
The Contractor, who executed the works in Hackney Road and Green Street, has been
seen by the Committee, and he is willing to execute the work at the rate paid to him for
the paving in Hackney Road and Green Street, which would amount to the sum of
£9,000, and to accept payment of the first instalments out of the money to be received
from the Tramway Company; to accept payment of the balance by quarterly instalments,
extending over the three years; to undertake to keep the work in repair for three years,
and to maintain the road in good condition until the paving is begun, and he is prepared
to begin immediately a contract has been entered into.
It will be remembered that when Hackney Road and Green Street were paved, the
metal taken off those roads was used on other streets, and the value of that metal is taken
to be about £2000.
That sum is therefore due from the General Rate Account to the Special Fund for
Paving Carriageways, and if the proposed plan be adopted, that liability, including any
interest which would be allowed on it, will be discharged.
The Vestry determined upon the Report of the Committee of the whole
Vestry to do the Work, and it was referred to the Works Committee to
arrange with the Contractor to carry out the work on the terms proposed.
A. contract was accordingly prepared and executed, and at the date of this
Report the work is in progress.
NEW STREETS.
Orders have been made for paving and constructing sewers in the new
streets, known as Burgoyne Road, Conyers Street, Lawfranc Road, They-