View report page

140
Street to Piccadilly Circus and Picadilly). The loan is
secured by mortgage of the General Pates, and the final
payment in respect thereof becomes due in 1887.
The Vestry have, however, decided to take up another
loan of about £10,000 forthe purpose of defraying the cost
of paving certain streets with asphalte during the year
1885.
HATING OF VACANT PROPERTY.
Having received a communication from the Board
of Works for the St. Olave District on the subject of
existing exemption from local taxation of unoccupied
land and buildings, such exemption not infrequently
continuing for a long period, the Vestry took the matter
into consideration, and passed a resolution thereon as
follows:—
That the Vestry are of opinion that the period during which land and
buildings remain exempt from Local Taxation on account of want of
beneficial occupation should be more restrictedly limited than at present,
and should never, under any circumstances, exceed two years, unless all
reasonable steps have been taken by the parties in possession of any such
land or buildings to obtain a tenant at a fair market value.
RATEABLE VALUE.
The rateable value, according to the last quinquennial revaluation
of the whole Parish in 1880, amounted to £666,813.
This amount has since been increased by three supplemental
aluation lists, and the total rateable value, as amended by
the list coming into force on the 6th April, 1885, is