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16
METROPOLITAN BOARD OF WORKS PRECEPT.
The amount required by the Board for the next year is £6533 os. 7d.,
being £152 3s. 10d. more than the amount of the precept for the
past year.
SCHOOL BOARD PRECEPT.
The amount of the precept for the next year is £6872 1s. 7d.,
being a decrease of £30 1s. 4d. on the amount of the precept for
the past year.
NEW CARRIAGEWAY PAVING.
After obtaining an estimate by the Surveyor of the cost, the Vestry
determined to pave with granite cubes the carriageways of Nottinghamstreet,
White-street, Squirries-street, Gosset-street (crossing), and
Warner-place; also, Roman-road—from Grove-road to the canal
bridge,—the road from Cambridge-road to the west end of Greenstreet,
and the margins by the paving laid down by the Tramway
Company in Cambridge-road and Cambridge Heath to the respective
boundaries of Hackney and Mile End.
It was also determined to borrow £20,000 to meet the cost of the
proposed work. Application was made to the Metropolitan Board of
Works in November for the requisite sanction to borrow the money,
and for the Board to advance the amount. The Board gave permission
to borrow the sum required, at a rate of interest not exceeding
£5 per cent., the principal to be repaid by equal annual instalments
within twenty years; but the Board was then unable to make the advance,
as the amount which the Board was authorised to advance to
Vestries and District Boards during the then present year was all
appropriated. In January the Vestry applied again to the Board for
the advance. The Board then agreed to make it at £3 15s. per cent.,
and the Mortgage to that Board was completed, and the money paid
to the Vestry, on the 7th March.
The work was divided into two sections:—
Section 1, consisting of Nottingham, White and Squirries-streets,
Gosset-street (crossing), and Warner-place.
Section 2, consisting of the Margins of Cambridge-road and