The Sun.
London, England, 1867-07-06 00:00:00

ME7ROPOLI7AN BOARD OF WORKS.

The members of this board met at their, offices in
Spring-gardens yesterday afternoon, at the unusual
hour of two, Sir John Thwaitcs in the chair.

FINANCE.

The cash statement showed the following balances
in the hinds of the treasurer, viz. : —ln the London
and Westminster Bank, £222,920 168. 2d. ; in the
Bank of England, £311,259 3s. 11d. ; total,
£534,180 Os. id. ; and cheques not presented,
£71,552 6s. sd. Payments were ordered to be made
to the amount of £19,591 ss. 7d. A cheqne was
drawn for £1,400, the sum agreed at the last meet-
ing of the board to be paid over to the Royal So-
ciety for the Protection of Life from Fire on the
transfer of their plant to this board.
A report was brought up from the Finance Com-
mittee, stating, "That having considered a letter
from Messrs. Chadwick and Co., intimating that
the shareholders' committee considerjall creditors of
the Bank of Loudon entitled to interest at such a
rate as may have been agreed upon by the directors
up to the date of stoppage, in addition to the inte-
rest to be paid by the liquidators from that time, and
offering the creditors the alternative of immediate
cash payment, with such interest as the Court of
Chancery may allow in lieu of their former proposal
to pay 21 per cent., they see no reason to depart
from their former decision, and recommend that
Messrs. Chadwick and Co. be so informed.

THE FORTHCOMING NAVAL REVIEW.
Mr. NICHOLAT wanted to know if application had
been made for tickets to enable the members of the
board to be present at the forthcoming naval review
at Spithead. It would be remembered on the last
occasion the board was overlooked, and no tickets
would have been sent had not he (Mr. Nicholay)
applied at the last moment to Mr. B. Osborne, who
was backed by Lord Fermoy, on which occasion 20
tickets were sent, and regret was expressed by the
authorities at the omission.
The CHAIRMAN said that application had been
already made, but no answer had been returned.
THE MAIN DRAINAGE RATE ACCOUNT.

The CHAIRMAN said that the board were required
on the Ist July in each year to make a return of the
metropolis main drainage rate account. These ac-
counts had been verified by Mr. Hamilton and him-
self, and there was a cash balance in hand of
£152,290 Is. 7d.; but in addition to this there were
outstanding precepts amounting to £41,081 18s.
6d., making a total of £193,372 Os. ld. For this
there was in the Bank of England for interest due,
and made up to the Ist of July, £55,821 113. 6d.
They had this year paid off or redeemed bonds
numbered 88 to 95, for £lO,OOO each, making
£BO,OOO ; whereas in the former year they bad only
redeemed seven of such bonds. This they had been
enabled to do on account of the increased sum re-
ceived from the main drainage rate. There would
then remain a balance to meet the half-year's in-
terest due on the Ist of July, 1868, of £59,550 Bs.
7d. lie therefore asked the board to give authority
to Mr. Hamilton and himself to invest that amount
in the public securities to meet the claims for interest
that would become due on the Ist of Junuary next.
A ➢MEMBER suggested that the amount should be
invested in Exchequer Bills as the most profitable
investment.
The matter was then left in the hands of the
chairman.
THE ARRIVAL OF TILE BELGIAN VOLUNTEERS AND

THE THAMES EMBANKMENT.
Mr. SILAS TAYLOR wished to ask if it bad oc-
curred to the chairman or any member of the board,
the propriety of permitting the public to have ad-
mission to the Thames Embankment works near
Westminster-bridge, for the purpose of witnessing
the procession up the river of the Belgian Volun-
teers, and also their landing on their arrival in Lon-
don.
The CHAIRMAN said the works were at present in
the possession of the contractors, and if they were
interfered with or injured the board might be in-
volved in serious responsibilities as to compensation.