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11
off the loans has during the year required a rate of 1/8
in the pound.
The Vestry have made arrangements for gradually
paying off the portion of the debt of the late Trustees
of the Commercial Road, transferred to the Vestry,
which amounts to £2205 8s. 2d.
The Vestry, in October last, duly paid the first
instalment of £1250 off the loan of £25000 from the
Metropolitan Board of Works.
The Vestry gave their sanction to the Assessment
Committee of the Hamlet appearing as Respondents
before the General Assessment Sessions on the appeal
of the School Board for London to have the Assessment
in respect of the Board Schools in Essex Street; Johnson
Street; St. Pauls Road: and Gloucester Street reduced.
£
s.
d.
The aggregate of the rateable value in
the list was
1960
0
0
And the School Board desired it to be
reduced to
659
16
8
Being a difference of
£1300
3
4
The principle on which such schools should be rated
had never been decided, and the Vestry are pleased to
say that it has been reported to them that the principle
adopted by the Assessment Committee was upheld, and
the appeal dismissed with costs.
The principle thus laid clown will act as the guide for
assessing the other Board Schools in the Metropolis.
After mature consideration it was determined to dispose
of the Old Watch House in the Mile End Road,
which had been obtained in the manner mentioned in
the Vestry's last report, and the Vestry have to congratulate
the Ratepayers that the large sum of £510
was obtained for it.