Northern Times.
Liverpool, Merseyside, England, 1857-12-03 00:00:00

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(B.)
STATEIIENT—Showing the Amounts payable to am
Corporation of Liverpool by the Mersey Docks az&
Harbour Board, as considemtion for transfer toy
of Town Dues and Anchoraf,??, with Interest thereocr.

Date of pay- Intereit. San totaloarcir,
ment. 'Principal 'Money. at 4i pe cent. iclpal & [emit.
se B. d. s. d. X 1.. C.
IESB, July 1. 100,090 0 0 33 750 0 0 133 750 0 9
1859, Jan. 103,000 0 0 31,50 a 0 0 131.503 0 6
~ July 160,000 0 0 22.250 0 C 129,250 •
18)0, Ja-1. 100,010 0 0 27 000 0 0 127,000 0 *
. July 100,000 0 0 24,750 0 0 124,750 0
18'61, Jan. 103,1.00 0 0 22.590 0 0 122,503 0 0
, . July 100,000 0 0 20,250 0 0 23,250 0 0
1862, Jan. 100,00) 0 0 18,000 0 0 118,000 0 0
, July 101,000 0 0 15.750 0 0 115,750 0 •
1663, Jan. 100,000 0 0 13.500 0 0 113..503 0 •
„ July 103.000 0 0 11,250 0 0 111 250 04D
1864, Jan. 100,050 0 0 9,000 0 0 109,000 0 0
July 100,003 () 0 6,750 0 0 106,753 0 0
1865, Jan. 100,0.0 0 0 4 500 0 0 101,503 0
„ July 100 000 0 0 2 250 0 0 102,250 00)
.e 1,500,80) 0 0 270,' 00 0 Ol 1,770,03 41 I)

As by the Municipal Corporation Act, the accounts Aof
each B)rough are required to canimencs on the fa se
Seirtember, and to cloze on the 31st of August in esattly
year ; and as the traaster of the Town D tes, Anchortr'...
and other properties does not take afect u itil the Jet or
January next, it will bo apparent that the full effect ofd
change! co isevent on the passing of this act, etnnot fiss
ascertained in the present financial year. Ezer„,
on the one hand, the Corporation w:11 be la
receipt of the Town Dues and anchorage roc
four months of that year, and on the other, tfisr
charges in respect of Conservancy, Landing Sage, tad
other matters transferred, will have to be bo*ne by tine
Corporation far the same period. But we have consiiera
the probable Income and Exp,nditure for the present Eliza-
cial year; and having regard to the experisnce of pas
years, and to our knowledge of the current obligaioag „E
the Corporation, we consider that the income may be tat's*
at about £lOB,OOO, and the Expenditure at about £100,e104,
which includes the various branches of Expenditure vat.
Property Discretionary, which have been voted, ur
have to be provided in the present year.
Having thus explained the prAsions of the Act of fait
Sestior, and its cfLets upon the fie! :vial position of tkz
Corp.,ratiou, we proceed, as required by your te,olttiory,
to report on the income and expenditure of the Cofporatior,
distinguishing wh .t is discretionary and what obligati!
expenditure, under the lluaicipal or other Public. str
Local Act.

For this purpose we have taken the accounts of .t'
Borough Tre.isurer for the financial year, ending 31. st if
August last, and have appealed to each it,:ru mit
explanations as are necessary to distinauish each payment
into the clasees, " Obligatory," and ' Not Obligatory?*
Mr. STENViART then proceeded to move the confirtnatiot
of the proceedings. Ho said, in rising for the first lima
as chairman of the Finance Committee, he might be,
allowed to say that he took upon himself the duties of (ta
office with every desire to fulfil them to the best of Ur
ability, but he claimed the indulgence of the Conati
taking up those duties, particularly as ho succeed /a E
gentleman who for so many yetars so ably and se
fairly filled the office which the Finance Committer
had now been pleased to confer upon him lie ge-
lled, and he was sure he might safely do so, -up=
the support of the Col7.cil in the performance cc
the duties, to loug as he brought before them only mit
questions as wore necessary. and as the committee belimi
to be conducive to the welfare of the Corporation. Et vat
now his duty to move the first special resolution wiltit
appeared upon the paper. Upon that question he Ea.itk
observe, that the subject of the appointment of ea
agent in London having. been referred back to the
Finance Committee by the Council, and the Fittant.tt
Committee, having heard the observations of two geads—
men delegated from the Chamber of Coma:tires, had eon
to the resolution which he now asked the Council to ett-
firm.

Mr. Alderman HorAtc soon led the motion, which Imo
confirmed

Mr. STEWART moved that the secon recommendatism.
having reference to the appointment of a Deputy ReCettc,
be confirmed.

Mr. HOLME seconded the motion, which was carried.
Mr. STEWART, in moving the general proceedings, nit
there was nothing in them which called for any remark
except, perhaps, the sale of a somewhat important pro-
perty, the George Inn, in Dale street. That proparty Inc
offered for sale by anction, and no bid at all likely yr?
made on that occasion, bat, as usual, it had the effect et
producing private offers. The best offer made was one et
£16,750, which, in the opinion of the commitee, the Coxnall.
ought to accept. He therefore moved the confirmation OE
the prom line generally, which of course included that
recommendation.
tth aaastt the
the
o fhaanpdbuer so—that ol
,a publicen—s
fteo always
hr oa
ft ?he property. The rule always
sale when
by woe
Mr. ANTHONY asked if any steps had been taken for tiat
sale of the property in Great Howar I-street, upon the sitet
of the old Borough Gaol.
understood—at least prae fealty a
w
Mr. &swear said the committee had had no appliestiee
for
property had been offered, me
h
public auction, the committer
were alwaj s open to private offers.
Mr PICTON said, allusion having been made to the icx4ll
lately the si'e of the Borough Gaol, he hoped the resalL4
the experiment tried in that instance would be a warns
to the Council in fature to pay a little more respect and
attention to' the opinions of those gentlemen who aces-
stood such subjects. If • the recommendation of disc
Finance Committee, for the sale of that land twelve cc
eighteen months ago, had been confirmed by the Comsat
they should have been in the receipt of a eonsidetskile
amount of interest, which was now altogether lost. (War.
hear.) A number of gentlemen seemed to think that ti wer
knew a great deal better the value of land than du as_
spected chairman and deputy chairman of the Fitatin

Committee, who had been all their lives engaged in
valuing land, and than other gentlemen, who also hsd had
considerable experience of the same nature. The Council
could now see what the result was. He hoped it would-
be a warning to the Council for the future to go into such
questions in rather a different way.
Mr. Alderman BENNETT reminded Mr. Picton that there
had been a great deal of good gained by the delay in that
instance. hey had had a street marked out, taking up a
portion of that land which they could not have had, if they
had disposed of it twelve or eighteen months ago, and
which would enable hem, he hoped, in a very short time,
to give an amount of eccommoda ion, by the relief of
Oldhall-street, which would be worth a great deal more
than the site of the hied itself. He hoped the public would
now understand that the land was in the market, and he
hoped the railway company would see that it was their
interest to make a purchase from the committee, for there
was no piece of rend so suitable to them f.,)r a goods'
station. The corporation ought to make some sacrifice, to
gain so great a general accommodation to the public, as a
suitable goods' s'ation for the railway in that locality
would be.
Mr. Alderman Holme very much regretted that Mr.
Bennett had not made those remarks at the time the
question was before the council. He, (Mr. Holme),
expressed his regret then, and should eepress it now, that
a number of gentlemen wit t did net understand the value
of land, should have opposed the Finance Committee
upon that occasion, and prevented them from
making an arrangement with the railway company
—for what reason he knew not, which had inflicted
upon them a very serious loss: What position
would they now be in to go with an offer to the railway
company? The company at that time made an offer to the
committee, by which the Council would have been in the
receipt of nearly £2,500 a-year for ever, secured to them
by the enormous funds of that company, and still further.
secured to them by the fact of the company placing build-
ings upon it. He did not know how the committee could
now go back to the railway company, and ask them again
to open up negcciations upon the same terms ? Although
the Imeravement Committee had recommended a slice out
of the ;and, that really did not affect the general question.
He would ask, if they had an offer made for five or six
yards of the land, even at a very high price, would any
gentleman, acting as if he were dealing with his own pri
Tate property, think of selling it ? Would he sell two or
three small lots of the land? He said, with regre', that
the gentlemen who opposed the committee at that time
made a mistake. What they did, they did, no doubt, for
the best, but they refused to place confidence in the Finance
Committee, although the opinion of the committee was
backed up by the most eminent engineers, not only in that
Council but out of it, and the result was that a
dead lam had been inflicted upon the Council. in con-
sequence of the bargain to which he alluded having
been brcken, of between .E-1,000 and £5,000 up to the
present time, and they had at that day the land still upon
their hands. which might have been sold. It was ene.of
those mistakes which he exceedingly regretted, although
he doubted not that the gentlemen believed they were act-
ing for the benefit of the Corporation. It was only a
proof that they must place confidence somewhere. If
confidence on that occasion had been reposed in the
Finance Committee, the Courted would not have had any
occasion to regret it.
Mr. STSWART strongly deprecated any discussion upon
the subject, being of opinion that the loss said about it the
better.

Mr. J. JEFFERY said he was not in the Council at the
time, but he took some interest in the question out of
doors, and he took that interest because a street had been
projected by three different boiies, one Qf which was a
committee of that Council, sanctioned, he believed by the
Ccuncil, but for reasons then stated, it was not put in
operation. It was because the whole of the land was to
be sold to the Baqway Company, not reserving so much
at would have afforded the relief required for Oldhall-
street, that the matter was tee aside at the time.
Now, if that street were marked out, and so much
of the land reserved fur the public as would be
necessary for the relief of Clan,ll-street, then he wculd
ask the Finance Committee why they had not done with
the remaining portion cf the land as had been done with
the hotel in leale-st: est ?—that it should be put fairly up
to bidders, and let the Railway Company, if they thought
fit, become purchasers of it at the marketable value.
Mr. Alderman Doren remarked that that portion of the
town had already been much widened and improved, owing
to the delay in disposing cf the land.
The CHAIR3Ip said the matter did net feral any part of
the proceedings, anti the Council were getting rather into
irregularity.
The question then dropped, and the proceedings of the
Finance Committee were confirmed. -
The proceeAngs of the Watch Committee, from which
it appeared that Mr. J. B. Brspcker was elected chairman,
and Mr. James Johnson vice-chairman, of the committee,
were confirmed. They contained nothing worthy of
remark.