Mat 27, 1899.
THE ESTATES GAZETTE
900
always have with us, so long as the population of the metropolis continues to increase. The mere spread of the town and the consequent growth of traffic demands it. How the money is to be obtained for these continuous ameliorations is, however, another matter.
To this question it is exceedingly difficult to make a reply. The debt of London is already very large, it is increasing constantly, and it is hard to see how it is ever to be paid off. It is, of course, not impossible, nor even improbable that the day will come when the municipal debt of London, with that of other towns, will have to be treated as a part of the funded debt of the country. The appreciation of consols, which has now been going on for a considerable time, and the rapidity with which the National Debt is being extinguished, begin to make it look as though that course would some day be inevitable. Meanwhile, no doubt a heavy burden is cast upon the rates ; but we may, perhaps, console ourselves with the reflection that posterity will have to bsar a much heavier one, unless some new form of local taxation should be devised. Of course, the real moral which is pointed by the Me.srs. Powell’s letter is the grievous mistake which was made by the utterly unnecessary abolition of the Coal and Wine due3. Nobody felt those imposts, and coal is, in f act, dearer now than it was when the dues were levied. Yet the two taxes enabled some great public improvements to be carried out. They are, for instancs, the source from which the money was found to construct the Holborn Viaduct. It was of enormous advantage that there should thus exist a fund allocated specially to London improvements, and what we are really suffering from now is having put into the pockets of coal dealers and wine merchants money which once did, and still might, help to beautify and improve London.
THE ESTATE MARKET.
A buoyant tone has prevailed at the Cokenhouse-yard Mart during the week. A large number of freeholds in the East-end of London, belonging to the Real Estate Corporation of London, Limited, principally let at ground rents with a 2§ years’ reversion, brought very high prices, ;he total result for the sale, which lasted two days, amounting to over £57,000. We understand that these properties were acquired some time back en bio5, and that the sale has produced a very large profit. One or two landed properties ware on offer, but except a small estate of seven acres in the neighbourhood of Bagshot, Surrey, which brought £2,200, these failed to sell. Shares in various companies sold well, and altogether the week’s total amounted to £142,901.
©aasional Stotts.
Lord De Vesoi has issued a protest against some of the details of the Agriculture and Technical Instruction (Ireland) Bill. We are in agreement with him when he objects to agricultural business being placed under the Chief Secretary. That Minister already has quite enough to do, and it does not seem very likely that he can attend to these additional matters, especially when we remember that he spends quite half his time out of Ireland. But it would be a mistake to make the Irish Agricultural Office a mere department of the English Board of Agriculture, as Lord De Vesci desires. Nothing whatever would be gained by that, v ile it is certain that Ireland would objeo+ Ih is noth-
INSURE YOUR GLASS.
NATIONAL PROVINCIAL PLATE GLASS INSURANCE COMPANY, LTO. 66, Lndgate Hill, London.
ESTABLISHED 1854.
Capital, £50,000. Inveited Fundi £40,000.
Applications for Agenoy invited from House Agents or others in a position to influenoe busi ness. Liberal Commission allowed. All information on applioation to J. H. Brown, Seoretary. Please mention this Paper
«fir ®states ®ajette
A JOURNAL
Devoted to Land, House Property and Agriculture.
The Oldest Papei1 Published in the Landed Interests.
LONDON, MAY 27, 1899.
LONDON IN PAWN.
In another part of our impression of today, we print a letter from Messrs. H. and R. Powell, of Bays water, which deals primarily with the suggested widening of the north side of St. Paul’s Churchyard, for the relief of traffic with Cheapside and the region of St. Martius-le-Graud. Its secondary purpose is to call attention to the much larger question of the growing indebtedness of London. As regards the St. Paul’s Churchyard matter, our correspondent’s main argument is that the improvement is not needed, and they make one suggestion in this connection which we quite fail to follow. General traffic, they say, round the northern side of the parvis “ would be an annoyance while services were going on in the Cathedral.” But why should it be a greater annoyance than the traffic along the southern side ? The order that vehicles are to go slowly past the Church of St. Mary-le• Strand is not to the point, since that church is not protected by the considerable space which exists between the walls of St. Paul’s and the street, nor by th9 series of chapols which fills up so much of the northern side of the nave. That particular reason for not widening the northern roadway therefore falls to the ground.
There remains the much more serious consideration of the cost of making an improvement of this kind. Our correspondents estimate it at £800,000 “ without touching one house in Paternoster• row.” W6 do not know that this is, in itself, an expenditure so great as to be prohibitive ; but the idea is no doubt a little alarming when it is taken in connection with the several costly metropolitan improvements •which are at present in hand. We are reminded that ״ there is the Black-wall tunnel to pay for, about a million ; Rotherhithe tunnel projected, about two millions; Hollywell-street, half a million; Holborn to the Strand road propose!, five millions, with a large but imaginary recoupment ; Parliament-street and offices, unknown millions; South Kensington Museum, half a million.” We fanoy our correspondents are a little hasty in suggesting that the recoupment in the Strand to Holborn scheme is “ imaginary.” It may, possibly, amount to somewhat less than the County Council calculate upon ; but how very large an amount of recoupment can be obtained from such improvements has already been seen in the case of Nortbum-berland-avenue despite all the bunglmg that took place on that occasion. Then Messrs. Powell ask plaintively where all this expenditure is to end ? Well, it is quite certain that London street improvements we shall
!northern accident insurance
COMPANY, LIMITED.
Established 1882
Capital (fully subscribed) £100,000 - ־ ־. Paid-up Capital and Reserves -	-	£44,000.
Annual Income.......................£45,612.
This Company has introduced a Special Scheme of Indemnity Insurance for Property Owners and Estate Agents,
and also transacts
Personal Accident, Sickness and Pension, Workmen’s c/ompensation, Employers’ Liability, Third Party (vehicle, &c.) Fidelity Guarantee, and Chemists’ and Druggists’ Indemnity Insurance.
Plate Glass Insurance at Special Rates. Estate Agents and others interested in the above scheme are invited to apply for particulars as to rates, &c., to
C. H. PARKER, Resident Secretary 23, Coleman Street, E.C. Applications for Agencies invited.
Ovtr £240,000 paid in claims
SURVEYORS’ INSTITUTION EXAMINATIONS. The Thirteenth Annual Courses of Lectures.
CANDIDATES (London and Country) for the ) Professional Assooiateship, Fellowship, Direot Fellowship, Special Sanitary Soienoe and Pre-iminary Examinations can obtain SYLLABUSES with list of prize winners, 22 out of the 36 whiob have been given sinoe 1888 (inoluding all the Fellowship prizes and gold medals yet given). Particulars as to the very successful results at the last and previous Examinations and terms on applioation to the Seoretary, Surveyors’ Lectures, 2, Pall Mall East, Charing Cross, S.W.
LEGAL AND GENERAL
Life Assurance Society.
Established 1836.
Funds ............................£3,000,000
Income............................. £373,000
Yearly Business...................£1,000,000
THE PERFECTED SYSTEM of Life Assurance is peculiar to this Society and embraces every modern advantage.
PERFECTED MAXIMUM POLICIES.
The rates for these Whole Life Policies are very moderate.
ige Premium	Age	Premium	Age	Premium
20. .£1 7 8 °/0	30.	£1 16 °/0	40.	£2 10 °/0
£1,000 Policy with Bonuses
According to last results. Valuation 2¿ p.c.:—Hm. Table of Mortality,
Duration	10 yrs.	2U yrs.	30 yrs.	4U yrS
¿mount of Policy	£ 1,199	£ 1,438	£ 1,724	£ 2,065
Next Bonus as at 31st December, 1901.
Offices : 10, Fleet St., London.
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Sales ha? äuctum.
Sales by Auction for the Year 1899.—Messrs.
TYEBENHAM, TEWSON, FARMER, and
L'	BRIDGEWATER
beg to announce that their SALES of ESTATES, Investments, Town, Suburban and Country Houses, Business Premises, Building Land, Ground Rents, Advowsons Reversions. Stocks, Shares and other Properties will be held at the Auction Mart, Tokenhouse-yard, near the Bank of England, in the City of London, as follows:— Tuesday May 30.
Tuesday, June 6.
Tuesday, June 13.
Tuesday, August 1. Tuesday, Ausust 15. Tuesday, October 10. Tuesday, October 24. Tuesday, October 31. Tuesday, November 14. Tuesday, November 21. Tuesday, December 5.
Tuesday June 20.
Tuesday, June 27.
Tuesday, July 4.
Tuesday, July 11.
Tuesday, July 18.
Tuesday, July 25.
Detailed Lists of Investments, Estates. Sporting Quarters, Residences, Shops and Business Premises to be Let or Sold by private contract are published on the 1st of each month, and can be obtained of Messrs. Debenham, Tewson, Farmer and Bridgewater, estate agents, surveyors and valuers, 80, Cheapside, London. E.C. Telephone 503, Bank.
By order of the Liquidator, with the concurrence of the Mortgagees.
THEATRE ROYAL, DOVER.—A spacious modern theatre, with accommodation for about 800 persons, expensively fitted and furnished, licensed for theatrical performances, music, and dancing. The building possesses important frontages to two main thoroughfares, with refreshment bars on either frontage, fully licensed for wines, beers, and spirits.—To be Sold by Auction, as a going concern, with the benefit of the existing contrasts, by
IX/TESSRS. BEARD and SON, at the Mart, -tTl. Tokenhouse-yard, E.C., on Tuesday, June 13 next, at Two o’clock precisely.
Particulars of Messrs. Thomson and Co., solicitors, 2, West-street, Finsbury-circus; of F. H. Tod, Esq., chartered accountant, 15, Wool-exchange, E.C. ; and at thé Auctioneers’ Offices, 110, Westbourne-grove, W
NATIVE GUANO
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2-Ton Lots, Carriage Paid 100 Miles.
A Sample Bag, 1 cwt., Carriage Paid (England) for 5s.
Testimonials and all Particulars on Application
NATIYE GUANO CO., LTD.,
29, New Bridge Street, LONDON, E.C.
AGENTS WANTED■
THE
Shipwrecked Fishermen & Mariners’ Royal Benevolent Society
(Short Title,' The Shipwrecked Mariners’ Society’),
ith nearly 1,000 Agencies, annually relieves over 10,000 persons.
INSTITUTED 1839. e rescued sailor, fisherman, &c., is instantly cared for on the spot and sent home.
he widow, orphan, &c.. of the drowned immediately sought out and succoured.
e distressed seafarer of every grade at once charitably assisted.
Patron—HER MAJESTY THE QUEEN.
Secretary-GERALD E. MAUDE, Esq.,
26, Suffolk Street, Pall Mall S.W
Founded 1807.
COUNTY FIRE OFFICE־
50, Regent Street,W.
AND
14, Cornhil], E.C., London.
The Premium Income of this Office is derived om Home business only, no foreign risks being ndertaken.
The Retubn System which has been adopted by his Office since its foundation offers an exceptional dvantage.
The Rates of Premium are the same as those harged by other leading Companies. - ,
Applications for Agencies invited.
Joint (G. W. STEVENS.
Secretaries IB. E. RATLIFFS.
0 TRUSTEES & INVESTORS.
he Principal and Interest of Money Lent on Mortgage an be insured with THiQCEAN ACCIDENT AND GUARAN-
EE CORPORATION, LTO. The Paid-up Capital of the orporatton, founded in 1871, is £132,1 •eserves at Decem-er 31,1897,amountedto £327,477. Write for Prospectus to RICHARD J. PAULL,
General Manager and Secretary,
40 to 44, Moorgate Street, London, E.C.