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During the year the sum of £1,000 off the principal, and a sum of
£270 for the interest, making together £1,270, has been paid to the Star
Life Office, in respect to the said loan of £6,000.
The Committee consider that the Vestry, having elected to pay the
loan in six years, are putting so much money into their capital each
year beyond what should be taken for depreciation.
The sum expended on account of the purchase of horses, fittings,
and utensils for stables, harness, &c., was £2,645 7s. 9d.
Depreciation thereon at eight per annum, on the assumption
that the whole will last 12½ years £191 12 0
The sum expended in alterations and other permanent
works to stables, providing machinery, &c., was
£1,267 16s. 7d.
Depreciation thereon at five per cent, per annum 63 7 9
Interest for one year on £3,913 4s. 4d., being the amount
expended as above out of the sum of £6,000 borrowed
of the Star Life Office, at per cent, per annum 176 1 11
Amount expended during the year for fodder, rent, rates,
wages, tools, and salary of Superintendent 2,035 8 6
Gross total, cost of horses, keep, &c £2,466 10 2
Creditor by—
Rent received £50 0 0
Sale of dung 15 18 6
65 18 6
Which leaves the net total amount as the expenses of
the horses, &c £2,400 11 8
The horses belonging to the Vestry have worked equal to—
One horse 3,340 days for slopping.
2,484 ,, dusting.
536 ,, watering.
553 ,, drawing materials.
Total 6,913 days.
From the figures before given it will be seen that the cost of keeping
the horses, &c., has been £2,400 11s. 8d., which is equal to 6s. 11¼d.
per day per horse.
The cost of slopping for the year has been—
Keep of horses, 3,340 days £1,123 17 6
Hire of horses and drivers 206 11 0
Wages of drivers of the Vestry's horses, fillers of
carts, &c 1,139 13 2
£2,470 1 8