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30
Four Provisional Valuation Lists have been made
out during the year dealing with 260 assessments,
and increasing the rateable value by £6,952
Valuation of Government Property.—In
January, 1896, Mr. Davies, the Chairman of the
Valuation Committee, and the Vestry Clerk presented
the following report:—
January l6th, 1896.
We beg to report that, in consequence of a letter being received
from Mr. Griffiths, the Treasury valuer, that the time had
arrived when a satisfactory valuation of the new Post Office
buildings on the site of the old Coldbath Fields prison might be
agreed to, and that he was ready to settle the valuation,-we
attended at the Treasury yesterday, and conferred with him
thereon. The result of that conference is that Mr. Griffiths is
prepared to recommend the Treasury to increase the value upon
which contributions will be given in future from £5,500 to
£8,242, a valuation which is arrived at by taking 3% on £85,000 as
the estimated value of the land, and 4% on £189,000 the cost of
the rew and the estimated value of the old buildings thereon.
A gross value of £10,110 is thus obtained from which somewhat
less than the usual deduction is made to arrive at the rateable
value.
The opportunity was also taken to revise the values of the
other Government property in the Parish, and the Post Office
in Goswell Eoad is to be increased from £200—£167 to £220—
£184, and the Police Court from £284—£237 to £3C0—£250.
The Vestry decided to inform Mr. Griffiths that
they regarded the values named as being fair and
equitable, and they passed a vote of thanks to Mr.
Davies for his valuable services in the matter.
The Vestry have since received a letter from the
Treasury confirming the figures agreed to. (See
also further remarks on this subject on page 81.)
Rating of Sessions House.—The Vestry have
also considered the question of obtaining a contribution
in lieu of rates in respect of the Sessions
House. It will be remembered that the building
was declared by the Queen's Bench Division in