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5
The Court decided in favor of the Committee as regards the
Company's occupation of Horsfall Basin, but reduced the total assessment
to £480 gross, and £460 rateable value. The assessment of the wharf,
stabling, cottages, &c., in Graham Street, was also reduced to £220
gross, and £184 rateable.
The Agricultural Hall was assessed in the Quinquennial Valuation
List as deposited by the Overseers, at £6,000 gross and £5,000 rateable
value. It will be remembered that the Appellants in 1888 appealed to
the Court of Assessment Sessions against the Supplemental Valuation
List for this Parish, on the ground that an alteration within the
meaning of the Valuation Act had taken place in the value of the
Agricultural Hall and Offices, and that such alteration had not been
shown in the List. The contention then was that the receipts for the
year had been less than in previous years, and that this within the
meaning of the Act constituted an alteration in value. The legal point
was subsequently decided in favor of the Company in the Queen's Bench
Division of the High Court, whereupon the Committee, after taking
into consideration the accounts of the Company for the year 1887 (an
admittedly bad year for the Company), reduced the Company's
assessment to £5,600 gross and £4,500 rateable, at which figures the
Hall stood, with the exception of a small structural addition, until the
new Quinquennial List was deposited. The Committee, after comparing
the Company's receipts and expenditure for the year 1889 (also a bad
year) with those for 1887, reduced the assessment practically to what it
had been before the deposit of the List, viz.:—£5,675 gross and £4,563
rateable. The Company have given notice of appeal and submitted
their Case, but the appeal has not vet been heard.
Agricultural
Hall.
The appeal of the Midland Railway Company in respect of the
assessment of the Tottenham and Hampstead Railway is also undecided.
The total length of this railway, which unites the Great Eastern
and Midland system, is 4½ miles, of which one mile 670 yards, together
with four stations, is in Islington. It will be remembered that in 1886
the Committee reported that by an agreement entered into May 25th,
1870, and then in existence, between the Midland Railway Company
the Great Eastern Railway Company, and the Tottenham and Hampstead
Railway Company, the two former Companies agreed to work and
maintain this line, and to pay the latter Company 54 per cent. of the
gross receipts, which were admitted to amount to £11,664 in respect
of the Islington portion of the Railway, and that, although the
Committee sought to obtain a case upon its right to assess the
Company upon such a rental, the Court of Assessment Sessions not only
Tottenham
and
Hampstead
Railway.