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VESTRY OF
SAINT MARY, ISLINGTON.
Estimates for Rates.
Before proceeding to deal with the various Rates in detail, it is
desirable to draw the attention of the Vestry to the Assessment upon
which these Rates must be based. The rateable value of the Parish,
according to the Quinquennial Valuation List, which came into force on
the 6th April last, was £1,686,285 The Vestry will remember that in
making the Rates last February it was considered, in view of the
important appeals to Assessment Sessions which were then pending,
that it was not advisable to rely upon the new Assessment, and the
Rates were accordingly made upon the Rateable Value as it stood at the
close of the Lady Day Quarter, when the nett amount produced by a
Penny Rate was £6,605. The appeals above referred to have not yet
been heard, and the parties concerned have paid the last Quarter's
Kates on their increased Assessments. The consequence of this has
been that the Rate has yielded a larger sum than was anticipated, but it
must bo borne in mind that in the event of these appeals being
sustained, the Rates which will then have been paid in excess must
be returned. In the Estimates now to be dealt with, a sum is
provided to meet this contingency.
A Rate of a penny in the £, alter allowing for empties and losses
(about 4.80 per cent.) is estimated to produce £6,644.