§ MR. LABOUCHERE (Northampton)
asked the First Lord of the Admiralty, What is the amount of the acreage of the land held by the Commissioners of the Exhibition of 1851, which is mortgaged to the Greenwich Hospital for £140,000; and, whether any proposal has been made to free several acres of this property from the liabilities of the mortgage, without any reduction in its amount?
§ THE FIRST LORD (Lord GEORGE HAMILTON) (Middlesex, Ealing)
The acreage of the land held by the Commissioners of the Exhibition of 1851, now included in the mortgage to Greenwich Hospital, is about 33 acres. No proposal has been received at the Admiralty to free any portion of this property from the liabilities of the mortgage without any reduction in the amount of the loan. Of the loan to the Commissioners for the Exhibition of 1851 the sum outstanding is £135,199 15s. 11d.