The Endowed Charities of Kensington: By Whom Bequeathed, and How AdministeredDaniel, Edward Morton
History
The Endowed Charities of Kensington: By Whom Bequeathed, and How Administered
Daniel, Edward Morton
Charities -- England -- London
Such order, it is evident, must have embarrassed the actions of the
trustees greatly, and considerably interfered with their judicious
application of the charity funds. I have not been able to refer to the
evidence upon which the order was obtained, but if, on the ground of the
distribution of the population of the parish in 1852 it had any shadow of
justice then, it would be highly unjust now, when the population of the
northern half of the parish, forming the Parliamentary district of North
Kensington, and then comprised in the church districts of S. John’s,
Notting Hill, arid S. James’, Norland, is greater than that of all the
other districts put together.
Between 1853 and 1879 the income from the Campden Charities increased
from the £667 7_s._ to about £3,500 a year.
Several leases of plots of ground had fallen in, and meanwhile the value
of the land had been rising enormously. Charecrofts, at Shepherd’s Bush,
formerly a nursery ground, was in 1864 let on a building lease for a term
of ninety-nine years at a ground rent of £870 per annum. In 1865 the
London and South Western Railway treated for and subsequently purchased a
part of the estate, 5 acres 2 roods 5 perches in extent, for the sum of
£10,000, which reduced the rent of the estate from £870 to £485 per
annum.
This sum of £10,000 was for some time invested in consols, but in 1887
was reinvested in the purchase of ground rents in the city of London.
In 1874 a portion of Butt’s Fields was sold to the Duke of Bedford for
the sum of £18,500 (a very good price you will think) for the site of
Thorney House at the corner of Gloucester Road. In 1875 a further
portion of the estate, being 12 and 13, Hyde Park Gate, was sold to Mr.
James Watney, M.P., for £22,500. Both of these amounts were at first
invested in consols, but have since been invested in the purchase of a
freehold estate in the city called Thanet House, and in ground rents in
the city.
In 1869 the Gravel Pits Estate was let on a building lease for
ninety-nine years at a rent of £1,040 per annum, when Clanricarde
Gardens, and Nos. 2, 4, 8, 10 and 12, High Street, Notting Hill, were
erected thereon. And advantageous leases of the remaining land were made
at greatly increased rentals from time to time as opportunity occurred.
Public-domain text, read in full here on John Shaqi.
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