have powers of purchasing the undertaking at the end of sixteen years--
that is, fourteen years after the expiration of the two-years' term
allowed for the experimental lighting of the limited area. The order,
while fully protecting the rights of the public and of the Corporation,
justly recognises the experimental character of the project of
electric-lighting from a common centre, and is much more favourable, in
many ways, to the promoters than the legislation under which gas
undertakings are conducted. Whether this will tend towards reducing the
price of gas remains to be seen.

~Lightning Conductors~ were introduced here in 1765.

~Lindon.~--The Minerva, in Peck Lane, was, circa 1835, kept by "Joe
Lindon," a host as popular then as our modern "Joe Hillman," up at "The
Stores," in Paradise Street.

~Literary Associations.~--The Central Literary Association first met
Nov. 28, 1856. The Moseley and Balsall Heath, Oct. 11, 1877.

~Livery Street.~--So called from the Livery stables once there, opposite
Brittle street, which is now covered by the Great Western Railway
Station.

~Livingstone.~--Dr. Livingstone, the African traveller, delivered an
address in the Town Hall, October 23, 1857.

~Loans.~--According to the Registrar-General's late report, there were
380 loan societies in the kingdom, who had among them a capital of
£122,160, the members of the said societies numbering 33,520, giving an
average lending capital of £3 12s. 10-1/2d. each. That is certainly not