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57
TREASURER, BANKERS, &c.
In conformity with the Metropolis Management Acts, the Vestry have
appointed a Treasurer, who is Mr. M. IT. Wilde, the Manager of the Walham
Green Branch of the London and Provincial Bank, Limited, where, for
facilitating the Vestry's financial business, five distinct banking accounts are
kept, which are worked as follows:—
No. 1.—GENERAL ACCOUNT,
For the receipt and payment of Bates and general business of the Vestry.
No. 2.—NEW STREETS ACCOUNT,
For the receipts and payments in relation to new streets.
No. 3.—LOANS AND PERMANENT WORKS ACCOUNT,
For the receipts and payments in connection with Loans, &c., for Permanent
Works.
No. 4.—WAGES ACCOUNT,
For the payment of weekly wages (drawn on by the Clerk and Accountant).
No 5.—PRIVATE WORKS ACCOUNT,
For receipts and payments relating to deposits for connection of house
drains, licenses for hoardings, &c.
In addition to which, temporary Deposit Accounts are opened, when the
balances on the Current Accounts are considered excessive, or as occasion
requires £3,000 of "New Streets" money being on deposit at call at 25th
March, 1892.
LOANS.
The total amount due on Mortgages, as per Register, at 25th March, 1891,
was £80,718 18s. 8d., while at 25th March, 1892, it stands at £83,780 8s. 0d.
(about eighteeen per centage of the rateable value). The following statement
will show the operations during the past year:—
Amount
borrowed.
Amount
paid off.
Amount
outstanding
25th Mar., 1892.
Remarks.
£
s.
d.
£
s.
d.
£
s.
d.
£
s.
d.
£
s.
d.
General Rate
88,982
0
0
21,651
6
8
67,330
13
4
Do. Amount borrowed
during 1891-92
12,300
0
0
Do. Amount paid off
during 1891-92
7,980
13
4
Do. Amount of Increase
during 1891-92
4,313
6
8
Increase
Total
71,644
0
0
4,313
6
8
Sewer Rate
19,132
12
0
5,744
6
8
13,388
5
4
Do. Amount borrowed
during 1891-92
Nil
Do. Amount paid off
during 1891-92.
1,251
17
4
Do. Amount Decrease
during 1891-92
1,251
17
4
Decrease
1,251
17
4
Total
12,136
8
0
Totals 25th March, 1892
120,414
12
0
36,634
4
0
83,780
8
0
The net increase on the Loan accounts for 1891-92 amounts to
£3,061
9s.
4d.
Note.— On the 26th March, 1886, the Vestry took over Loans to the amount of £44,014 12s. from the
late Fulham District Board of Works, so that the net increase for the six years amounts to £39,765 16s.,
out of which the Town Hall, stables, wharf, and other properties, together with miles of wood paving and
numerous improvements, have been provided.