Whether it was done as an act of kindness to the tenants, as a
compensation for the loss of the public watering places which existed on
several parts of this estate, or to increase the value of the estate
matters little to our purpose: but we cannot suppose that a public
Company would have consented to this clause without some adequate
consideration; and even if the value of this consideration is no longer
felt, which I believe is not the case, {90} that is no reason why their
obligation should not remain. To have had a tall chimney, with all its
consequences, as well as some acres of reservoirs filled with water,
standing for years in the centre of the parish, could have been no
improvement to the surrounding property, though the convenience to the
company must have been very great; and if any injustice is to be
discovered in this clause, I think it must be found in confirming the
benefit to a portion of the parish only. But if the Company at that time
had seen any injustice in this arrangement, it could and most probably
would soon have been altered, for “the aid and authority of Parliament,”
was required in 1812, the very year after the passing of this Water
Company’s Act, to make “valid, binding, and conclusive,” certain articles
of agreement, dated the twenty-fourth of March, which were entered into
between John, then Bishop of London, and his lessees, and the company of
proprietors of the Grand Junction Canal; which agreement, amongst other
things, was entered into, to enable the latter to lease to the Grand
Junction Water Works Company, the requisite quantity of land for the
completion of their works. {91}
After fifteen years, in the seventh of Geo. IV, cap. 140, the same clause
is again to be found; and in the seventh and eighth of Victoria, cap. 30,
this agreement for supplying cheap water to the tenants of the Paddington
estate is again ratified and confirmed; so that the subject has been well
considered and ought to be fully enforced by a co-operation of the
tenants.
By the fifty-second Geo. III, cap. 192, the Act just referred to, anno
1812, the said articles of agreement are “absolutely ratified, confirmed,
and established,” by which thirty-six acres, three and a-half perches of
land are demised to the end of the term for which the land previously
leased to this Company was let, renewable for a further term of
ninety-nine years, every fifty years, on the tender of a fine of twenty
shillings, at a rent commencing at £427 3_s._ in 1812, and advancing year
by year to 1818, when the annual rent was fixed at £570 3_s._; one-third
part of which was to be paid to the Bishop of London for the time being,
the other two-thirds to his lessees.
Public-domain text, read in full here on John Shaqi.
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