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and to bear interest payable quarterly at £3 17s. 6d. per cent, per
annum.
Wapping Improvement—A Precept has been issued to the Sheriff
of Middlesex to summon a jury to assess the amount of compensation
to be paid to the Freeholders of the "Black Boy" public-house, for
their interest in the same.
In reference to the surplus land on the north side of Wapping
Street, opposite Gun Dock, an offer has been made by Mr. Hall to take
a portion of the same on a building lease for 90 years, at a ground rent
of £135, with option to purchase the Freehold at 22½ years' purchase,
to make an outlay in the erection of not less than
£10,000, the Board to sanction the erection of two bridges for communication
with the riverside premises, also a tramway across the street.
Mr. Hall's offer has been accepted, and an agreement entered into with
him accordingly.
Commercial Road—A temporary depot for old materials, taken
from the Commercial Road, having been required, a plot of ground has
been taken on the Cotton Estate, at a rent of £10 per annum.
Messrs. Fisher and Parrish, the Contractors to the North Metropolitan
Tramway Company, having written requesting the Board to
consent to their using 3×7 sets throughout the District between the
metal- instead of 4×7 from the junction of East India Dock Road as
arranged, the Board agreed to the 3×7 sets being used as requested.
The paving in connection with the Tramways in Burdett Road in
this District has been done with Mount Sorrell and Clee Hill Granite
4in. cubes.
The sum of £18,000 has been borrowed from the London Life
Association for the cost of the paving works, to be repayable in 20 years
by equal annual instalments, and to bear interest payable half-yearly at
4½ per cent. per annum.
Application has been made by the Engineer of the North Metro-