View report page

38
2. To give the necessary permission to the Commissioners to
borrow the sum of £8000 to defray the purchase money, such sum
to be borrowed for the longest period allowed by the Local
Government Board, either on the annuity principle or otherwise, as
the Commissioners and the Local Government Board may decide,
the rate of interest not to exceed 3' per cent, per annum; the
amount so borrowed will be a charge on the Poor Bate.
This Report was adopted by the Vestry on the 17th November,
1892. The Vestry approved the Agreement made by the
Commissioners with the owners of the Ferndale Road site and
buildings, and gave the necessary permission to the Commissioners
to borrow the sum of £8000 to defray the purchase money, such
sum to be borrowed for the longest period allowed by the Local
Government Board, either on the annuity principle or otherwise,
as the Commissioners and the Local Government Board may
decide, the rate of interest not to exceed 3½ per cent, per annum ;
the amount so borrowed to be a charge on the Poor Hate.
FERNDALE ROAD BRIDGE.
In May, 1890, the Vestry resolved to construct a Foot Bridge
over the London, Chatham & Dover Railway, between Hubert
Grove and Torrens Street for the convenience of the large
neighbourhoods, on each side of the Railway, lying between
Bedford Road and Ferndale Road. The Railway Company
having granted the necessary permission for a public way over
their line, Tenders were invited for the construction of the Bridge,
and on 29th September, 1891, the Tender of Mess s. M. T.
Shaw & Co. was accepted in the sum of £1295. On the 18th
November, 1892, the Bridge was opened to the public. In
consequence, however, of objections which were made by the
owners of the houses in Torrens Street, it was found necessary to
alter the construction of the staircase on the south side. This
alteration, which was approved by the Vestry on 26th January
1893, at an estimated cost of £130, will shortly be completed.