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10
Rateable value.
The Rateable Value of the District, at March, 1891,
was—
Lewisha
£477,685
Penge
151,456
£629,141
The sum raised under the Precept of the School Board
for London, and paid over to that body, was £27,946 6s. 4d.
Loans.
The total indebtedness of the Board on the Loan account
at the 25th March, 1891, was £53,888.
During the year the Board paid the sum of £5,527
in reduction of the mortgages owing by them, and raised the
sum of £9,000 for New Works and Improvements.
The following statement of the loan debt shows the
changes made in the same in the six years ended 25th March,
1891, and the amount outstanding at the end of each financial
year in that period.
The amount outstanding at Lady-day, 1885, was
£59,450.
Amount
paid off
during the
year.
New Loans
raised.
Net
reduction.
Net
increase.
Amount
outstanding
at the end of
the year.
£
£
£
£
£
1885—6
5,428
2,200
3,228
• • •
56,222
1886—7
5,685
3,200
2,485
• • •
53,737
1887—8
6,177
4,847
1,330
• • •
52,407
1888—9
5,349
6,825
...
1,476
53,883
1889—90
5,768
2,300
3,468
...
50,415
1890—91
5,527
9,000
...
3,473
53,888
Net Reduction in the total Debt, £2,334.