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75
saving of Barging charges for the Slop, which could be
spread upon and used in the raising of the Land in question,
space for which purpose would be available for many years,
and again the 9 acres being much more than would be
actually required for Depôt purposes, part of it could be
appropriated for temporarily invalided horses.
These combined advantages I estimate will produce a
diminution in Haulage or Carting Slop, Barging, &c., from
about £400 to 500 per annum after deducting Cost of Loan
and interest thereon on the basis only that the Scheme can
be brought fully into action, and also relying upon the
statement that a Country Market, on this line of Railway is
(or can be) opened up to receive the products of such new
Depôt arrangement.
4thly. As to the approximate outlay to be incurred,
in order to convert this Land to the purposes before
referred to.
I estimate the Purchase of the Land and the construction
of the necessary Works of the Railway and Vestry
Sidings, Inclined Planes (or connecting Roads), Sewers, &c.,
at about £9,000 to £10,000.
This amount could, I presume, be obtained by Loan
from the London County Council, for say, 30 years, at
about 3½ per cent., repayable by annual instalments of
Principal and Interest.
The Loan contracted as above, viz., £10,000 repayable
in 30 years, at 3½ per cent. per annum, would amount to an
average yearly payment of about £520.
F