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for which purpose the London and County Banking Company,
Limited, have forwarded a form of Letter of Attorney. The
Committee are also informed that in order to effect a transfer
of the £5,000 Consols from the name of the late Board of
Works to that of the Vestry, a special letter of request from
the Vestry, under Seal, accompanied by a copy of the Act of
Parliament, must be lodged at the Bank of England.
The Committee recommend that the necessary signatures to
the transfer of the first mentioned sum be obtained, and
that the Common Seal of the Vestry be affixed to a letter
requesting the transfer of the last mentioned sum of
£5,000 to the name of the Vestry.
The London and County Banking Company have suggested that
inasmuch as the Vestry have Consols already standing in their
name, confusion will be avoided by designating that account as
"Account A" and the account to be created by the above
transfers as "Account B," and have enclosed a form of request
to be sealed by the Vestry with that object. The Vestry
having however resolved on the 10th October, that the security
consist of ,£20,000—£10,000 to be given by Mr. Crosthwaite,
as Treasurer of the Poor Rate, and £10,000 by the Bank, as
Treasurer of the General Rate, the Committee recommend that
the Common Seal of the Vestry be affixed to a request to open
accounts as under :—
£ s. d.
Account "A '' (Barlow Bequest) 2J per cent. Consols 631 11 7
Account "B" (Poor Rate Security) ,, ,, 10,126 11 8
Account "C'' (General Rate Security),, ,, 10,000 0 0
5d. Resolved—That the acts, proceedings, and recommendation
of the Finance Committee as now submitted in paragraph
No. 4 of their report be and they are hereby approved and
adopted, that the necessary signatures to the transfer from the
names of Messrs. W. Sugg, J. Harris, and W. McKewan, to the
name of the Vestry in its corporate capacity of £15,126 11s. 8d.
two and three-quarters per cent. Stock be obtained, and that
the Common Seal of the Vestry be affixed to a letter requesting
the transfer of £5,000 from the name of the late Board of
Works to that of the Vestry.
5e. Resolved—That the Common Seal of the Vestry be affixed
to a Form of Request to open Accounts as under :—
£ s. d.
Account "A " (Barlow Bequest) 2¾ per cent. Consols 631 11 7
Account "B" (Poor Rate Security) „ „ 10,126 11 8
Account "C" (General Rate Security),, ,, 10,000 0 0