Annual Rents of Premises on Lease£802..7-..
Ditto let to Tenants at Will£958..16.. 958..16..-
Out of the last Article will be the
following Deductions a paid by
the Hospital Vizt.
Land Tax129 -..-..
Insurance80 -..-..
Repairs on an Average of
3 Years360 -..-..
Allow for bad Tenants
2.½ Per Cent20 -..-..
CollectingPercent 35.16..
624..16-
As the Governors are the Ground
Landlord of all these Houses they have
a two-fold Interest therein' it would
therefore be Proper in the Statement to
deduct what the Ground itself is worth
which would be a Produce independant
of the Exections, Say therefore 84 Houses
at 40s. each
168 -..-..
792..16..-
So that the net Produce of the Houses as such
is no more than166 -..-..
And which upon a rough calculation of the
Money expended in the Erections does not Produce
more than three quarters Per Cent
Upon the whole it appears by this Statement
that the Houses in the Occupation of Tenants
at Will are not so productive to the Hospital
as they ought to be
Under the Consideration of the means for
remedying of this Evil it may be proper to state
to the Governors the following Circumstances.
It appears that the Inhabitants of this Parish
have been for a Series of Years rather heavily
taxed and owing to the destruction of Habitations
to make room for Public Buildings and other
Improvement the local Taxes which must still continue
to be discharged by the remaining Inhabitants
must of course fall more and more heavily