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has been decided not to proceed with it in respect of several
of the parishes mentioned, but our Clients are desirous in
any event to obtain the powers in your parish.
We are, dear Sir,
Yours truly,
DEACON, GIBSON, & MEDCALF.
G. W. Marsden, Esq.,
Vestry Hall, Peckham Road, S.E.
We in the first instance found that all the Orders and
Licenses obtained by the various Companies under the 1882
Act were Commercial failures, and the Licenses obtained by
parishes under that Act were not proceeded, viz., the right
of purchase, with, but in 1888 an Amendment Act was
passed extending the term of years to 42, instead of 21, as
under the 1882 Act for local authorities to acquire the works,
&c., of any Company, this has given life to several substantial
Companies, and with well considered schemes and areas,
embracing the larger portion of the Metropolis, and possessing
abundant capital, have been established, among them, the
London Electric Supply Corporation, Limited. With a view
of ascertaining whether this Company was of a substantial
character, and would be prepared to give Financial guarantees,
and be able bona fide to carry out their Provisional
Order, we placed ourselves in communication with Messrs.
Deacon, Gibson, and Medcalf, and requested them to send
us a statement of the substantiality of the Company, and
received the following:—