HC Deb 15 March 1887 vol 312 cc357-8

asked the First Lord of the Admiralty, The estimated present capital value of the Northern Estates belonging to the Greenwich Hospital, the outlay on them each year for the last five years, and the annual net return each year for the same period?

MR. ASHMEAD BARTLETT(A LORD of the ADMIRALTY) (Sheffield, Ecclesall)

(who replied) said: The present gross farm rental from the Northern Estates of Greenwich Hospital is estimated at£8,260;and if the farm property were sold on the same terms as were obtained at the last sales in 1882 and 1884 (about 30 years' purchase on the average) it would produce a capitalsum of£247,800. It is not possible to arrive at the capital value of the minerals. The outlay on the Northern Estates, and the net return of income (including minerals) for the last five years, are as follows:—1881–2, outlay£10,734, net return£i3,156;1882–3, outlay£6,988, not return£15,773;1883–4, outlay£6,393, net return£12,349;1884–5, outlay£6,229, net return£6,645;1880–6, outlay£4,618, net return£7,418. For 1883–4 and 1884–5 the not returns are given loss on account of sales of portions of the estate in these years.

In reply to Mr. ARTHUR O'CONNOR (Donegal, E.).


said that the return for minerals alone for the year 1886 was£3,700.