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7
ASSESSMENTS.
The Provisional and Supplemental Valuation Lists for the year
have been duly prepared, and the totals for the present year are fixed at
£552.740 10s. gross value, and £111,020 rateable value. For the
previous year the amounts were: Gross value, £361,817; Rateable
value, £448,272. The totals for the Metropolitan District are, gross
value £25,728,835, and the rateable value £21,139,843, subject to
appeals pending. It is upon the total rateable value that the Police,
County, Metropolitan Board's, School Board's, and other charges are
leviod. The reduction in the totals for this parish is owing to the
large amount of property taken down or closed for Metropolitan
Improvements.
The Valuation List Committee has been actively engaged for some
time in revising the assessments preparatory to the remaking of the
entire Valuation List in the course of the current year. About 17,000
forms of returns supplied by Government have been issued to owners
and occupiers as tho law requires. The assistance of Messrs. Castle was
called in for the valuation of Gas, Water, and Railway Companies, and
of Messrs. Harston for the Tramway Company, and the List was
deposited by the 1 st of May. Notices have been issued to all ratepayers
and compounding owners of the amount of their assessments,
and tho Lists are now awaiting revision by the Assessment Committee.
A summary of the alterations effected on the assessment of the parish
must be postponed till next year, as the revision of the Lists, even
without appeals to the Sessions, cannot be completed until the end of
October.
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TRAMWAYS.
The transactions with the North Metropolitan Tramway Company
in respect to payments for paving, and the charges for new paving have
been closed. The Company paid a total sum of £8,300 for the use of
old paving, and for a part of the extra paving in Bridport Place, and
have laid down paving at their own chargo in Mintern Street, Bridport
Place, Kingsland Road, &c., equal in value to about £3,000. The lines
are assessed at £630 for the present year, but in the New Valuation
List the rateable value will be £2,000.
A dispute arose between the Vestry and the Tramway Company in