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The Nineteenth Century , No 182, Apr 1892 [93v] (191/244)
The record is made up of 1 volume (120 folios). It was created in Apr 1892. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
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676
THE NINETEENTH
April
secure better services in the interval. This is not a figure of speech—
it is the experience of every community whose councillors and
advisers have been blessed with a beneficent courage.
Let us deal further with this important subject. Hurling
masses of figures at the heads of the uninitiated only confuses:
general statements do not convince.
The mere quotation of the expenditure of London per head for
rate-charged administrative purposes and its relatively small debt
must be viewed side by side with the debt and expenditure, plus what
Mr. Prothero omitted—the assets that provincial towns absolutely
own in their better and cheaper gas, tram, water, and other in
dustrial and municipal works. London has hitherto stupidly con
tracted a debt of 41,000,000^. in useful but unremunerative works
only, and has left to private enterprise the carrying out of under
takings that on 80,000,000^. of capital yield a net profit of
4,000,000^. to shareholders. This profit is wanted not to make
London bankrupt, but to help reduce its rates, or, what is equal to it,
cheapen and improve its services. London, with its unremunerative
debt of 9^. 3s. 8c?. and no assets, is worse off now and prospectively
than Liverpool with its debt of 12/. 6s. 4(i. and assets of 26/. 5s.
or Glasgow with 9/. 9s. debt and assets 13/. 9s. How much
better off other cities are than London is proved by the following
comparative statement that in itself is an eloquent refutation of all
that Mr. Prothero has advanced against a Progressive policy.
Town
Population,
1891
Debt per
head
Assets per
head
Eemuneratiye
capital,
outlaid in
water, mar
kets, gas,
cemeteries
Unremnnera-
tive
capital
Liverpool. ,
Manchester
Birmingliam .
Glasgow . . ,
Halifax .
Sheffield .
Bradford .
Bolton
London .
517,951
505,343
429,171
1 567,656
82,8(34
324,243
216,361
115,002
4,550,000
£ s. d.
12 6 4
15 2 0
16 7 4
9 9 8|
16 19 1
8 17 7
18 17 5
18 3 2
9 3 8
£ s. d.
26 5 2
20 6 9
19 6 6
13 9 8
20 16 7
10 4 8
24 15 1
20 0 9
£
4,903,918
7,005,010
4,889,470
3,806,815
1,064,829
2,205,191
3,228,982
1,610,070
£
4,947,905
3,306,408
3,900,971
3,603,280
545,688
1,137,536
2,196,877
855,783
41,000,000
1 Estimated.
Beyond this, does not Mr. Prothero see that two-thirds of the
net profit of 4,000,000/. earned by London's monopolies could be
used by its municipal body as a sinking fund, whilst the remaining
and rapidly increasing third could be utilised for profitable extension
and development, which in its turn could earn the money necessary
to still more rapidly and automatically reduce the remaining debt?
What private impersonal enterprise and capital can do, municipal
enterprise in many departments can more easily accomplish.
About this item
- Content
The file contains a copy of the journal The Nineteenth Century. A pencil note on the cover of the journal, in the hand of Lady Pelly, indicates that Lewis Pelly was being read an article from this journal on Easter Sunday five days before he died.
The article he and his wife were reading has been marked on the cover 'Prospects of Marriage for Women, by Miss Clara E Collet' which appears on folios 24-31.
A second annotation, written by Sir William Henry Rhodes Green, gives the date of Lewis Pelly's death and is provided as context to Lady Pelly's comments.
- Extent and format
- 1 volume (120 folios)
- Physical characteristics
The journal contains one set of foliation and three sets of original pagination.
The principal foliation for this volume appears in the top right hand corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. of each folio, using a pencil number enclosed with a circle.
The three sets of original printed pagination that appear are as follows:
The advertisments at the front of the journal are paginated as i-xxxii; the articles themselves are paginated as 525-712; and the Sampson Low, Marston & Company publications list at the rear of the journal has been paginated as 1-8.
- Written in
- English in Latin script View the complete information for this record
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Copyright: How to use this content
- Reference
- Mss Eur F126/28
- Title
- The Nineteenth Century, No 182, Apr 1892
- Pages
- 92r:98r
- Author
- Burns, John Elliot
- Usage terms
- Public Domain