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from Fulford street to Seven stop Alley, the remainder of the land on either
life of the cross street to be utilised for the erection of small tenements at a
total coat with pitched roads of £4,570, at a total cool with macadam roads
—Rotherhithe Street only being pitched—of £3,715 or at a total cost with
Resolved (1)—'That the estimate prepared by the Valuer of the net cost of acquiring the
(2)—That Plan B, showing the existing roads bounding the area widened to a
width of 40 feet, with a cross street 40 feet wide through the centre of
the area from Fulford Street to Seven Step Alley, the remainder of
the land on either side of the cross street being utilised for the
erection of small tenements, at a total cost of £44,570, being the estimate
(3)—That the Clerk be and he is hereby instructed to insert the above
figures, amounting to £29,120, as the total cost of the scheme, and
submit the scheme to the London County Council for approval in
accordance with the resolution of the Vestry of 15th October, 1895.
A sum of £5,000, being half the net cost of the scheme (the Council
having agreed to pay the other half) can bo borrowed from the London
County Council at 2½ per cent., and the longest term allowable is 53 years.
Assuming therefore that the Vestry borrowed the sum of £15,000 for 50
yours upon the annuity system, it would represent an annual charge of
about £560, equal to a three-farthing rate.
On 17th November, 1896, the Sanitary Committee reported having considered the
following letter received from the London County Council, returning the draft scheme
prepared by the Vestry for dealing with the Fulford Street and Braddon Street insanitary
area under Part 2 of the flawing of the Working classes Act:—