for amounts due it for exchange of transfers issued by the Municipal Ferry and its company, viz.: For Municipal Ferry transfers lifted on the New York Railways Company lines during the month of June, 1916: 224, 477, at $0.03.. $6,734 31 Less New York Company Transfers lifted on Municipal Ferry during the month of June, 1916: 219, 294, at $0.02... 4,385 88 Balance due New York Railways Company. $2,348 43 For Municipal Ferry transfers lifted on the New York Railways Company $10,695 21 7,122 58 Balance due New York Railways Co.... $3,572 63 Attached to said bills is a recommendation of the Acting Commissioner of Docks that the amount due be paid to the New York Railways Company. Said bills are rendered in accordance with a resolution of the Board of Estimate and Apportionment, dated October 16, 1913, said resolution being approved by the Commissioners of the Sinking Fund at a meeting held October 29, 1913. The amount so collected by the Municipal Ferry has been deposited in the Sinking Fund for the Payment of the Interest on the City Debt. I attach hereto a resolution for adoption. Yours very truly, ALBERT E. HADLOCK, Deputy and Acting Comptroller. Resolved, That a warrant payable from the Sinking Fund for the Payment of the Interest on the City Debt be drawn in favor of the New York Railways Company, as follows: $2,348.43-In payment of bill rendered by the New York Railways Company for 224,477 Municipal Ferry Transfers, at 3c., lifted by it during the month of June, 1916 ($6,734.31), less 219,294 at 2c. ($4,385.88), leaving balance due to New York Railways Company, $2,348.43. $3.572.63-In payment of bill rendered by the New York Railways Company for 356,507 Municipal Ferry Transfers at 3c., lifted by it during the month of July, 1916 ($10,695.21), less 356,129 at 2c. ($7,122.58), leaving balance due to New York Railways Company, $3,572.63. The report was accepted and the resolution adopted, all the members present voting in the affirmative. Transfer of $2.89 from the Interest Fund to the Account A. G.-2, Interest on Arrears of Taxes, 1899, to Correct Erroneous Deposits. The Deputy and Acting Comptroller presented the following report and offered the following resolution: Hon. Commissioners of the Sinking Fund: September 29, 1916. Gentlemen-During the month of August, 1916, the Collector of Assessments and Arrears erroneously deposited collections affecting the Sinking Funds as follows: Sinking Fund for the Payment of the Interest on the City Debt, Water Rents Receivable, Arrears of Croton Water Rents, Bronx... Sinking Fund of the City of Brooklyn, Interest on Prospect Park Improve $2 85 ment 04 $2.89 These items should have been reported for distribution and deposited as follows: To the Accounts known as A. G 2. Interest on Arrears of Taxes, 1899, and subsequent, Bronx $2 85 04 Interest on Principal and Interest, 26th Ward Bonds, Brooklyn. $2.89 In order that these erroneous deposits may be corrected I attach a resolution for your adoption. Yours very truly, ALBERT E. HADLOCK, Deputy and Acting Comptroller. Resolved, That a warrant payable from the Sinking Fund for the payment of the interest on the City Debt be drawn in favor of the Chamberlain of the City of New York for the sum of $2.85, to be deposited by him to the credit of AG2, Interest on Arrears of Taxes 1899, and subsequent, Bronx; and that a warrant payable from the Sinking Fund of the City of Brooklyn be drawn in favor of the Chamberlain of the City of New York for the sum of $0.04 to be credited by him to the account known as Interest on Principal and Interest, 26th Ward Bonds, Brooklyn, $0.04. The report was accepted and the resolution adopted, all the members present voting in the affirmative. Transfer of $2,600,000 in Securities and Cash from the Water Sinking Fund of the City of Brooklyn to the Water Sinking Fund of the City of New York. The Deputy and Acting Comptroller presented the following report and offered the following resolution: To the Commissioners of the Sinking Fund: October 10, 1916. Gentlemen-The Chief Accountant of the Department of Finance has formally advised the Comptroller that the sum of two million five hundred and fifty thousand four hundred and fifty five and 91-100 dollars ($2,550,455.91) will require to be paid into the Water Sinking Fund of The City of New York for the purpose of providing the necessary amortization installment for the year 1916, and thus bring the assets of said fund up to the actuarial reserve required as of December 31, 1916. During the past two years the moneys required to be paid into the Water Sinking Fund of The City of New York as annual amortization installments have been provided from the surplus assets of the Water Sinking Fund of the City of Brooklyn, thus relieving the taxpayers of this debt service expense by obviating the need of an appropriation in the annual budget for the purpose. The assets of the Water Sinking Fund of the City of Brooklyn (Octo ber 10, 1916) aggregate The total face values of the bonds redeemable by said sinking fund aggregate Thus leaving a surplus, over and above all its liabilities, of... $5,624,204 99 2,067,894 76 $3,556,310 23 Under date of October 21, 1914, Deputy and Acting Comptroller Alexander Brough communicated with Hon. Frank L. Polk, Corporation Counsel, requesting him to advise the Comptroller whether an excess then existing of $2,048,003.90 of assets over all the liabilities of the Water Sinking Fund of the former City of Brooklyn might be legally transferred from said sinking fund and paid into the Water Sinking Fund of The City of New York. The Corporation Counsel, under date of October 22, 1914, acknowledged the receipt of the communication to him, which had set forth that the investment securities and cash of the Water Sinking Fund of the City of Brooklyn, established pursuant to the provisions of Chapter 396, Laws of 1859, were largely in excess of the amount required to redeem at maturity all obligations payable by said sinking fund, and the Corporation Counsel advised the Comptroller that, predicating his opinion upon the facts detailed in the communication from Deputy Comptroller Brough to him, and upon the further information furnished orally to him, in his judgment there was no objection to said transfer. In accordance with said advice of the Corporation Counsel, the Sinking Fund Commission, by formal resolution, authorized and directed, on December 29, 1914, the transfer of securities amounting to $330.000 from the Water Sinking Fund of the City of Brooklyn to the Water Sinking Fund of the City of New York, and again, on December 8, 1915, the sum of $2,622,500 in securities and cash was authorized by the Commission to be transferred from the Water Sinking Fund of the City of Brooklyn and paid into the Water Sinking Fund of The City of New York; these transfers in both cases being to provide the necessary amortization installments payable into the Water Sinking Fund of The City of New York for the years 1914 and 1915 respectively. Copies of the communication by Deputy Comptroller Brough to the Corporation Counsel under date of October 21, 1914, and of the Corporation Counsel's answer thereto were printed in full in the minutes of the meeting of the Sinking Fund Commission held December 8, 1915. The sum of approximately $2.600,000 ($2,550,455.91) will require to be paid into the Water Sinking Fund of The City of New York to provide the necessary amortization installment payable into said fund on or before December 31, 1916, and as the Water Sinking Fund of the City of Brooklyn holds (October 10) in cash and securities $5.624.204.99. which is $3,556,310.23 over and above the total amount of bonds, viz., $2,067,894.76. redeemable by said sinking fund: and furthermore, as the assets of said Water Sinking Fund of the City of Brooklyn are being periodically augmented by the resultant surplus revenues of the Water Department. Borough of Brooklyn. the amortization installment required by the Water Sinking Fund of The City of New York for the year 1916 should be acquired from the surplus assets of the Water Sinking Fund of the City of Brooklyn, in accordance with the opinion of Hon. Frank L. Polk, Corporation Counsel, dated October 22, 1914, and referred to in this communication. The subjoined resolution is submitted for the purpose of effecting the transfer of $2,600,000 in securities and cash from the Water Sinking Fund of the City of Brooklyn to be paid into the Water Sinking Fund of The City of New York. Respectfully, WM. A. PRENDERGAST, Comptroller. Transmitted herewith: Resolution to effect the transfer of $2,600,000 from the Water Sinking Fund of the City of Brooklyn to the Water Sinking Fund of The City of New York. October 10, 1916. Subject: Transfer of $2,600,000 of Securities and Cash from the Water Sinking Fund of the City of Brooklyn to the Water Sinking Fund of the City of New York. Hon. WILLIAM A. PRENDERGAST, Comptroller: Dear Sir-There is $2,550,455.91 to be paid into the Water Sinking Fund of the City of New York to provide the necessary acturial reserve required by the fund as at December 31, 1916. As this amortization requirement for the year 1916 may be obtained from the large surplus revenues of the Water Sinking Fund of the City of Brooklyn, it was entirely unnecessary to add this burden to the taxpayers by placing an appropriation for such purpose in the tax budget of the current year. Under date of October 21, 1914, Deputy and Acting Comptroller Brough communicated with Hon. Frank L. Polk, Corporation Counsel, requesting him to advise the Comptroller whether an excess of assets then existing over all liabilities of the Water Sinking Fund of the former City of Brooklyn might be legally transferred from said sinking fund and paid into the Water Sinking Fund of the City of New York. The Corporation Counsel, under date of October 22, 1914, acknowledged the receipt of said communication and advised the Comptroller that, predicating his opinion upon the facts detailed in the communication to him upon the further information furnished orally to him in his judgment there was no objection to said transfer. Since then the Commissioners of the Sinking Fund, predicating their action upon said opinion of the Corporation Counsel, have provided the funds necessary to meet the amortization requirements of the Water Sinking Fund of the City of New York for 1914 and for 1915, by formally transferring, under resolution, from the surplus assets of the Water Sinking Fund of the City of Brooklyn the sum of $330,000 in 1914 and $2,622,500 in 1915, and paying said amounts in securities and cash into the Water Sinking Fund of the City of New York. The assets of the Water Sinking Fund of the City of Brooklyn (October 10, 1916), aggregate... The bonds redeemable by the said sinking fund aggregate. $5,624,204 99 2.067,894 76 -thus leaving a surplus in the Fund (Oct. 10) over and above all its liabilities of $3,556,310 23 The Sinking Funds hold $2,000 of the bonds indicated by (a); all of those indicated by (b) are held as investments by the Sinking Fnuds; $100,000 of those marked (c) are similarly held; all of (d) are held by the public, and $495,000 of the bonds marked (e) are held as investments by the Sinking Funds. I would therefore respectfully suggest that a sum total of $2,600,000 of securities and cash, now held as investments by and forming part of the surplus assets of the Water Sinking Fnud of the City of Brooklyn, be transferred therefrom and paid into the Water Sinking Fund of the City of New York, and thus make the assets held by said fund fully equal to the necessary amount of the actuarial reserve required as of December 31, 1916. Respectfully DUNCAN MacINNES, Chief Accountant. Resolved, That for the purpose of providing the necessary actuarial reserve required as of December 31, 1916, by the Water Sinking Fund of The City of New York, the following described securities and stated amount of cash now held as investments by and forming a part of the surplus assets of the Water Sinking Fund of the City of Brooklyn, viz.: 3% Repairs, etc., County Court House, Manhattan.... 1952 3% Construction, etc., New Heating Plant, American Museum of Natural History $3,236 65 1952 5,000 00 3% Sites for Carnegie Libraries 1952 48,000 00 3% New Buildings, etc., Department of Public Charities 1953 30,000 00 3% Improvement of Botanical Garden and Equipment, etc., of Botanical Museum, etc. 3% Assessment Bonds of The City of New York, 500,000 00 3% Special Revenue Bonds of 1916, on or after Jan. 2, 1917 Cash 1,300,000 00 263,263 35 $2.600.000 -be and said investments and cash are hereby authorized to be transferred from the Water Sinking Fund of the City of Brooklyn and paid into the Water Sinking Fund of The City of New York. The report was accepted and the resolution adopted, all the members present voting in the affirmative. Board of Estimate and Apportionment-Resolution of Authorizing the Corpora tion Counsel to Accept Deeds of Cession to a Public Park Within the Area Bounded by Johnson Avenue, Oxford Avenue and the Northerly Boundary Line of Property of Eliza M. Ewen, Borough of The Bronx. The following was received from the Board of Estimate and Apportionment: JOHN KORB, Jr., Esq., Secretary, Commissioners of Sinking Fund: Apportionment July 27, 1916, authorizing the Corporation Counsel to accept satisfactory deeds of cession to a public park within the area bounded by Johnson Avenue, Oxford Avenue, the northerly boundary line of the property of Eliza M. Ewen, etc., Borough of The Bronx, as laid out on the City Map by resolution adopted by the Board July 27, 1916, and approved by the Mayor July 29, 1916, a certified copy of which is also enclosed. I also enclose for your information copy of the report of the Special Committee on this matter, consisting of the President of the Borough of The Bronx and the Chief Engineer of the Board. Yours very truly, JOSEPH HAAG, Secretary. Whereas, At the meeting of the Board of Estimate and Apportionment held on May 5, 1916, the Commissioner of Parks for the Borough of The Bronx presented a communication from Miss Eliza M. Ewen offering to convey to The City of New York certain property with buildings thereon located between Riverdale and Johnson Avenues, near West 231st Street, Borough of The Bronx, for the purpose of a public park to be known as "Ewen Park," upon condition that she be allowed the use of the buildings and grounds for the remainder of her life, undisturbed and without any change in the grounds, said grounds to be maintained by her in their present good order. Whereas, After a public hearing held by the Board of Estimate and Apportionment on July 27, 1916, the aforesaid property was laid out upon the City Map as a public park and was thereupon accepted by the Board for park purposes; be it Resolved, That the Corporation Counsel be and he hereby is authorized and requested to accept satisfactory deeds of cession to the property comprising the said Ewen Park, and to have the deeds recorded and filed in the manner required by law. I hereby certify that the foregoing is a true copy of a resolution adopted by the Board of Estimate and Apportionment at a meeting of said Board held on July 27, 1916. JOSEPH HAAG, Secretary. Whereas, At a meeting of this Board, held on the 7th day of July, 1916, a resolution was adopted proposing to change the map or plan of The City of New York so as to lay out a public park within the area bounded by Johnson Avenue, Oxford Avenue, the northerly boundary line of the property of Eliza M. Ewen, West 232d Street, as now to be laid out, Riverdale Avenue and the southerly boundary line of the property of Eliza M. Ewen; to change the lines and grades of West 232d Street, between Riverdale Avenue and Cambridge Avenue; and to change the grades of the high level section of Riverdale Avenue, between West 231st Street and a point about 400 feet north of West 232d Street, in the Borough of The Bronx, City of New York, and appointing a hearing at a meeting of this Board to be held on the 27th day of July, 1916, at 10.30 o'clock a. m., at which meeting such proposed action would be considered by this Board, and requesting a notice to all persons affected thereby, of the aforesaid time and place at which such proposed action would be considered, to be published in the CITY RECORD for ten days prior to the 27th day of July, 1916; and Whereas, It appears from the affidavit of the Supervisor of the City Record that the aforesaid resolution and notice have been published in the CITY RECORD for ten days prior to the 27th day of July, 1916; and Whereas, All persons interested in such proposed change were afforded an opportunity to be heard thereon, and such proposed change was duly considered by this Board; now, therefore, be it Resolved, That the Board of Estimate and Apportionment of The City of New York, in pursuance of the provisions of section 442 of the Greater New York Charter, as amended, deeming it for the public interest to change the map or plan of The City of New York by laying out a public park within the area bounded by Johnson Avenue, Oxford Avenue, the northerly boundary line of the property of Eliza M. Ewen, West 232d Street, as herein laid out, Riverdale Avenue and the southerly boundary line of the property of Eliza M. Ewen; by changing the lines and grades of West 232d Street between Riverdale Avenue and Cambridge Avenue, and by changing the grades of the high level section of Riverdale Avenue, between West 231st Street and a point about 400 feet north of West 232d Street, in the Borough of The Bronx, City of New York, does favor the same so as to make the aforesaid change in accordance with a map or plan bearing the signature of the President of the Borough, and dated May 27, 1916. The foregoing is a true copy of a resolution adopted by the Board of Estimate and Apportionment on July 27, 1916, and approved by the Mayor on July 29, 1916. JOSEPH HAAG, Secretary. To the Board of Estimate and Apportionment, City of New York: Gentlemen-At the meeting of the Board of Estimate and Apportionment held on May 5th, 1916, there was referred to a committee, consisting of the President of |