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44
The arrangement we have made with the Gas Company is
that they should supply the new lanterns and accept as
payment the saving effected in the consumption of gas, the
Board continuing to pay £3 3s. 9d. per annum per lamp (the
present cost) until the cost is recouped. The Company further
undertake that in the event of any increase in the price of gas
for the next five years, no increase shall be made in the annual
charge for the improved lamps and burners, also that if any
reduction in the price of gas takes place or any other saving
be effected, the District Board shall have the full benefit.
The amount the Board have to pay off is about £775, made
up as follows :—
Cost of, say, 130 special lamps with No. 4
burners in main streets @ £2 10s. £325 0 0
Cost of converting 450 lamps fitted with
No. 2 burners @ £1 450 0 0
By paying the old charge of 63s. 9d. per lamp per annum, we
liquidate our debt at the rate of 13s. 9d. per lamp per annum,
and this makes on 450 lamps £309 7s. 6d. per annum, and at
this rate we should wipe off our liability in about 2½ years.
The 130 special lamps we are, of course, paying the full
amount for, namely, £3 6s. per annum.
Special incandescent installations have been recently fitted
as follows:—
New rest on London Bridge incline, near St. Thomas's Street.
Two globe lamps, 4 burners. Total 400 candle power.
On underground lavatory, East end of Southwark Street,
two lamp columns. Six globe lamps, 12 burners. Total
1,200 candle power.
On underground lavatory West end of Southwark Street.
Three globe lamps, 6 burners. Total 600 candle power.
On footway by London and County Bank at junction with
Counter Street. Two globes, 4 burners. Total 400 candle
power.