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9
EXPENDITURE.
The Local Expenditure of the Board in the year shows
but a very small increase upon that of previous years, notwithstanding
the greatly increased mileage of the roads to
be repaired, lighted, and watered, and the other increased and
continually increasing responsibilities of the Board, and the
increased and increasing price of materials, &c. The amount
estimated as required for the year in Lewisham was £35,546,
being equivalent to a rate on the Rateable Value of about
1s. 6d. in the pound. In the Hamlet of Penge the estimated
expenditure was £9,172, being equivalent to a rate of about
1s. 2½d. in the pound.
The sum raised under the Precept of the School Board
for London, and paid over to that body, was £23,123 12s. 9d.
The expenses of the London County Council are not
dealt with here as the same are raised by Precept through
the Guardians of the Lewisham Union. The expenses of the
late Metropolitan Board of Works were raised through the
Vestries and District Boards, as explained in the Board's
last report.
LOANS.
The total indebtedness of the Board on the Loan account
at the 25th March, 1890, was £50,416.
During the year the Board paid the sum of £5,768
in reduction of the mortgages owing by them, and raised the
sum of £2,300 for New Works and Improvements.
The following statement of the loan debt will show the
changes made in the same in the six years ended 25th March,
1889, and the amount outstanding at the end of each financial
year in that period.
The amount outstanding at Lady-day, 1884, was
£62,734.