Page 318 - Reading Mercury
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The  cost  of  the  works,  including  the  main  piping  for  Wokingham,  he  estimated
                   would be £12,000. Mr. Grover then contrasted the cost of the water supply of many
                   towns of varying size with the cost of the proposed supply for Wokingham, especially
                   mentioning Chichester and Newbury, in which the works had lately been opened. The
                   cost of the waterworks  per head of the population at Chichester was £1 13s 6d; in
                   Swindon,  £3  10s,  and  in  other  towns  an  average  of  £2  10s  per  head,  while  the
                   proposed Company’s Works for Wokingham would only cost about £1 10s per head
                   on the population of the district.
                      Having referred to the importance of obtaining a supply of water from the chalk,
                   Mr. Grover said a well managed Company could expect an income of from 4s to 5s
                   per head, or about £1 2s 6d per house, either of which tests would represent in this
                   district £10 per cent, on the whole capital after a fair allowance for working expenses.
                   The maximum charge for supply was fixed by the Company’s provisional order at a
                   rate of about 1s 6d in the pound on the annual rack rent or value of premises supplied
                   and he thought the Company deserved the support of the town in  its  endeavour to
                   supply a great and pressing public need.
                      Mr.  F.L.  Soames,  solicitor,  explained  that  the  Company  was  limited,  having  a
                   capital of £20,000 in 2,000 shares of £10 each, the whole of which need not of course
                   be called up.
                      Mr. Grover having replied to questions asked by the meeting as to the cost of the
                   piping and sinking.
                      Mr. W.L Beale proposed—“That this meeting having heard an explanation of the
                   objects  of  the  Wokingham  District  Water  Company,  expresses  its  approval  of  the
                   scheme, and its confidence in the benefit to the town and district.
                      Mr. Goodchild in seconding the resolution alluded to the value of the supply in case
                   of fire as well as from the sanitary and public utility points of view.
                      The resolution was carried unanimously, many of those present expressing a desire
                   to take shares.
                      A vote of thanks to the Chairman concluded the meeting.

                         nd
                   Sat 22  June
                                    WOKINGHAM DISTRICT WATER COMPANY
                      In another column of today’s mercury is advertised the prospectus of this newly-
                   formed Company, the capital of which of £20,000, in 2,000 shares of £10 each. The
                   order of the Board of Trade, which has been confirmed by Parliament, and received
                                             th
                   the Royal assent on the 17  inst., empowers the company to establish waterworks for
                   the  supply  of  the  district  comprising  the  town  and  parish  of  Wokingham,  and  the
                   parishes of Binfield, Warfield, Easthampstead and Sandhurst. The well and pumping
                   station will be placed on a site near the Finchampstead road, between the brook and
                   the SE Railway, and the reservoir on Windmill Hill.
                      The  engineer  (Mr.  JW  Grover),  and  Mr.  Whitaker,  one  of  the  geologists  of  the
                   Geological Survey, are of opinion that an ample supply of pure chalk water will be
                   obtained at a depth of about 400 feet; it will be pumped up to the reservoir, which is at
                   an elevation sufficient to supply nearly the whole district, the population of which is
                   estimated  at  a  total  of  over  13,000  persons,  occupying  nearly  2,400  houses.  Mr.
                   Landsdowne-Beale is one of the Directors of the Company to which Mr. James Watts
                   is the secretary.

                   Sat 2nd Nov
                                   ALTERATION TO POST OFFICE REGULATIONS

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