View report page

241
a collective policy to be taken out in the Employers' Liability
Assurance Corporation in favour of the Yestry in the
sum of £1,000 for each collector, at the annual cost of
£37 10s. in lieu of £50 as hitherto.
The Committee in January reported that they had
deemed it desirable in view of the altered constitution of
the Yestry to take the opinion of Counsel upon the question
of the form in which the rates levied by the Vestry should
in future be made, and that the substance of Counsel's
opinion was that no alteration would be called for.
Consequent upon the dissolution of the District Board of
Works, the Committee had under consideration the matter
of the Treasurer's and the Bankers' security in respect of
the Poor Rate and the General Rates respectively, the question
having been provisionally reported upon in connection
with the conversion of the stock from 3 to 2¾ per cent.
The security given by Mr. Joseph Crosthwaite upon his
appointment as Treasurer in June, 1880, was £10,000 in
Consols in respect of the Poor Rate; the London and
County Bank at the same time being appointed Treasurer
in respect of the District Rates, and giving security to the
Churchwardens and others on behalf of the Vestries in the
sum of £5,000 in Consols. The District Board, in March,
1878, appointed the London and County Bank Treasurer,
on the Bank investing £5,000 in the name of the Board in
their corporate capacity, by way of security. The total
investment was thus £20,000.
The Vestry, upon the recommendation of the Committee,
resolved that under the altered constitution of the Vestry
Mr. Crosthwaite, as Treasurer of the Poor Rate, give security
in the sum of £10,000, and the London and County Banking
Company, Limited, as Treasurer of the District Rates, give
security in a like sum of £10,000, both amounts to be
invested in Consolidated 2f per cent. Stock in the name of
the Vestry in their corporate capacity, and the stock receipts
R