Inquiry to ascertain the maximum limit of the annual taxation required from the sewers rate-payers : and to advocate for the community the adoption of the principles of joint stock association, for the raising and liquidation of the funds to improve and extend the sewerage, and to intercept from the Thames, the sewage and drainage of London / presented to the Metropolitan Commission of Sewers by A. Sayer.

  • Sayer, Augustin, 1790-1861.
Date:
1855
Catalogue details

Licence: Public Domain Mark

Credit: Inquiry to ascertain the maximum limit of the annual taxation required from the sewers rate-payers : and to advocate for the community the adoption of the principles of joint stock association, for the raising and liquidation of the funds to improve and extend the sewerage, and to intercept from the Thames, the sewage and drainage of London / presented to the Metropolitan Commission of Sewers by A. Sayer. Source: Wellcome Collection.

Provider: This material has been provided by The Royal College of Surgeons of England. The original may be consulted at The Royal College of Surgeons of England.

    14/30 (page 14)
    According to the rate of interest at which the £1,360,000. may be raised, the total annual amount to be provided for by the Metropolitan ratepayers, will be— At £o per cent, per annum . £172,299 0 0 ..fil-.i.^rn.S.. ^' • 165,499 0 0 OOO.' J ir. t ' 15^^699 0 0 „ 31 „ „ . 151,899 0 0 This charge may be met respectively by a general, equal, , and annual pound rate on the gross Metropolitan assessment £9,484,945:—'';' A,t 4^c?. amount £177,840 . . Surplus . . £5,541 4i „ 167,960 . . „ . . 2,461 j^^3,4 158,080 . . Less . . . 619 Ml... Sipi)lus . . 1,241 It % evident that the annual pound rate cannot exceed ^\d:; and it is apparent that fourpence in, the pound,.will prove sufficient. ■\^^'\ \..,. . .<-\ \ . ..\ To the growing increase of the population, and con- .^equently to the growing extent of the rated area, may be left to pay off £1,792,475. _ If one-sixth of the average annual increment, £6,131, or £1,000 increase, is taken as a uniform rate, the sixtieth year will yield £60,000, and the whole amount for the term of sixty years, exclusive of all interest during that period, will be £1,830,000—more than sufficient. iftfletropolitan Setocr0 ^onlJ0. 7,925 Bonds . . . dlOO each . . . £792,500 3,000 „ ... 200 „ ... 600,000 800 „ . . . ,. 5.Q0 „ . . . 400,000 li;^ „ , , , £1,792,500 j^. ).|To be issued in series as funds may be required, irredeemable ( for , such terms of years as may then be determined, and at ( the .rates of annual interest, the market value of money may ,bear, at the times of issue,^, Jhe.mterest to be payable March 15th and October 15tli.