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23
agent, but nothing that would suit was available. Some freehold
property in Digby-street was offered to the Vestry at £5500. It consisted
of three cottages and a piece of ground (divided into two
yards) and containing 32,670 square feet. On the ground some stables
and sheds had been erected, and the surface of the ground roughly
pitched. It appeared that the property was not only sufficient for
"stores," but that there would be room for the erection of a
"Destructor," should the Vestry decide to have one, and also for
stables and cartsheds, which will be required in the very probable event
of the Vestry altering the present mode of executing the scavenging
work. The rosult of the negotiation with the owner of the property
was a reduction of the price to £4500, at which sum the property has
been purchased. That amount has been borrowed from the Metropolitan
Board of Works on the terms of being repaid by fifty equal
annual instalments with interest in the meantime at £3 10s. per cent.
per annum. One of the two yards will be let for the present at not
less than £100 a year clear. For the first year there will be paid the
annual instalment of principal £90 0 0
Interest at £3 10s. Od. on the £4500 157 10 0
247 10 0
Less rent of one yard 100 0 0
£147 10 0
Rent will also bo received from the cottages, but as they will require
repair, or be used by the Vestry, tho income from them is not taken into
consideration. Assuming therefore the payments to continue as in the
first year, the Vestry would have obtained an adequate store for
£147 10s. rent; but the interest will diminish yearly, and ultimately
cease; and £90 of the £147 10s. is merely an instalment of purchase
money, against which a proportionate part of the value of the property
purchased must be set. And in addition tho Vestry has provided itself
with the means of carrying out improvements in executing the important
work of cleansing streets and removing refuse and filth from the
dwellings and premises of the parishioners.
LIGHTING.
The various alterations of and additions to the ordinary gas lamps
will appear in the Surveyor's Report.