mittee came to the conclusion of offering to purchase the works for £9,000, free of all incumbrances. – Ald. Ginner said they had offered, besides the £9,000, to allow Mr. Clark to retain the 4 acres of land, on lease, up till the day preceding the expiration of his lease on the same terms they would themselves have to pay the lessee for it - £5 per acre. Mr. Clark wanted the 4 acres of ground free for the remainder of the term, which was about 80 years. That would be giving him £20 a year for all that time, irrespective of the interest on such a sum. It was useless to negotiate with Mr. Clark, and he (Ald. G.) would move that the Council do not confirm the resolution of the Water Committee. Motion carried.
Agreement at Last. Mr. Clark having accepted the conditions offered by the Local Board, the Clerk reported at the July meeting that sanction had been given for borrowing the money, and that two gentlemen had offered sums to be repaid in seven or ten years at 5½ or 5 per cent interest. Also, the London & County Bank would lend the required sum for six weeks at the current rate of interest. The Board had not entered into possession of the work. The draft of the lease had been received and there only remained some matters to be settled with Mr. Young in reference to the encumbrances. At the next meeting on August 2nd, Mr. Growse produced the various documents connected with the transfer of the Eversfield Waterworks, and announced that everything had been settled amicably. Mr. Clark had received the money, and the works were now in the hands of the Board. Ald. Ross congratulated the town on such a termination of a protracted and litidious(sic) affair.
The Loan. At the November meeting, the Town Clerk reported that advertisements had been inserted in the Times and local papers for a loan of £9,500 for the Western Waterworks, but with no result beyond the offer previously received, which was at 5 per cent, to extend over thirty years. It was agreed to accept this offer. The Old Roar Reservoir. The Water Committee reported at the December meeting that this reservoir should be raised three feet higher, and that for the permanency of the works it was desirable to build a brick overflow culvert, four feet in diameter on the same side as the present ditch, as well as 3½ feet culvert at the south corner through the hill. A discussion followed, and on the motion of Coun. Winter the report was adopted, with instructions to the surveyor to prepare plans and estimate.
Water Collector’s Salary. The Water Committee having recommended a grant of £2 per quarter to Mr. Walter Adams towards an assistant in making out his rate-books, Coun. Gausden said now that the Collector had a larger district and a better class of houses to collect from the work ought to pay him better. It seemed to be clear that there must shortly be a revision of duties. If they could get two collectors regularly employed at £100 a year each, the Board could save £150. Coun. Kenwood quite agreed with the remarks that had fallen from Mr. Gausden. The -
