It further informs us that the previous mortgage of ten thousand pounds
was settled on Dame Morshead; and it enacts that the former sum, as well
as this, shall be paid off by fines on the renewal of the present
building leases; the Bishop of London for the time being, to be
answerable for one-third of the interest on these sums, and the trustees
for the other two-thirds. The sum permitted to be borrowed by this Act
is to be used in improving the estate, as well as all monies received for
the sale of gravel, &c., and any sum that may arise from selling or
letting the waters, springs, &c, purchased of the corporation of London;
which by this Act the Bishop and his lessees are empowered to let or sell
for that purpose.
There are two schedules annexed to this Act, both bearing the signature,
J. H. Budd. The first is a description of the several pieces and parcels
of land composing “the Paddington Estate,” amounting in the whole, it is
here stated, to six hundred and eleven acres and a half. The second
contains an account of sums received and paid on account of the same
property. By this account we learn that twelve acres, three roods, and
fifteen perches and a half of land belonging to this estate had been sold
under the Land-tax Redemption Act, and the 52nd George III; for which, it
is stated, £6573 0s. 11d. was received. £2000 was also received for two
acres, three roods, and twenty-eight perches, “used by the Regent’s Canal
Company.” £10,256 12s. 3d. “by sale of brick earth, gravel and sand.”
And £1140 18s. 2d. by sale of old materials, water pipes, &c. Making
with the £10,000 borrowed, a sum of £29,970 11s. 4d. The payments being
£27,857 6s. 2d. including the small item of £4,530 17s. 11d. for law
expences.
In these Acts and Deeds will be found the true history of “the Paddington
Estate;” the few finishing touches which have been given to it, during
the possession of the See of London by the present Bishop, being
comparatively unimportant. But Dr. Blomfield has derived more personal
benefit from the policy of his predecessors than those who assisted in
establishing it could have contemplated would ever fall to the lot of any
one bishop. What have been the actual receipts from this estate for the
last twenty years, few men can tell; but if we were to calculate the
average for that period at £5,000 per annum, I think we should not
over-rate the bishop’s receipts from this “little farm;” and one hundred
thousand pounds in twenty years from one estate is not so bad.
Public-domain text, read in full here on John Shaqi.
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