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9
By this operation a considerable annual saving has been
effected, the previous loans having borne interest at rates
varying from £4 5s. per cent, to £4 15s. per cent.
A special vote of thanks was given by the Board to Mr.
Williams, the then Chairman of the Finance Committee, for
carrying out this important consolidation of these loans.
IMPROVEMENTS.
The Surveyor in his Report has given the usual particulars
of the various improvements effected during the
year.
Further progress has been made in the improvements
at the Forest Hill Railway Station, and during
the year now under review, the works of widening
the road under the bridge north of the Station were
commenced.
In their last Report, the Board gave a summary of the
terms of the agreement between themselves and the London,
Brighton, and South Coast Railway Company, with reference
to this improvement, and the alterations to be made in the
Station. The manner in which the Company have proceeded
with the alterations in the subway, more especially with
regard to their avowed intention of substituting steps for
the incline, is not such as the Board can approve, and it is
feared that the Company will not fall in with this Board's
views in the matter, and that the only course open to the
Board will be to endeavour to enforce the terms of the
agreement by legal proceedings, however much such a course
may be against their wishes.
THE BOARD'S HOSPITAL.
This Establishment, referred to in the Board's last
Report, has been maintained during the year in readiness
for all emergencies, and has enabled the Board to isolate at
once, certain cases of infectious disease which might otherwise
have endangered the health of the District; but the
Board are able to congratulate the residents of the District