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29
Surplus Lands.—Of the surplus lands under this scheme
one plot in Lamb's Buildings was, in 1882, sold for £1,500 to the
trustees of the Chequer Alley Wesleyan Chapel, which had been
demolished by the Board in carrying out the scheme. In August,
1833, a plot with the public house thereon was sold for £5,000. In
September, 1883, a further plot was sold for £500. In January,
1884, one plot was sold for £1,000 ; in February, 1884, nine plots
were offered for sale by auction, and eight of these were sold for a
total of £14,130. In February and March, 1884, two plots were
sold for £1,290. Tenders were invited for the two unsold plots in
June, 1884, but no offers were then received. In 1885, however,
one of these plots were sold by private treaty for £6,500, and in 1888
the Watch Committee of the St. Luke's Costermongers were allowed
to purchase the other for £658, a sum rather below the average price
obtained for the dwellings sites. This last site was sold subject to
dwellings for costermongers, with accommodation for the storage of
their goods, etc., being provided. These dwellings were completed
in 1889.
Erection of Dwellings.—The whole of the land reserved
for the erection of dwellings was sold to the trustees of the Peabody
Donation Fund, and the price paid by them for it amounted in all to
£36,781 15s.
Possession of the portion of the land first cleared was given to the
trustees in December, 1880, of four further parcels in 1881, and of
the remainder in 1882. Building operations were in each case
immediately commenced by the trustees, and in all accommodation
for 3,740 persons was provided by them in 34 blocks of dwellings.
In this case also the dwellings must be maintained as working-class
dwellings in perpetuity.
Actual Cost of Scheme.—The Actual Cost of carrying
the scheme into effect was as follows :—
£
Gross Cost of Property 368,767
Cost of Works 22,536
391,303
Less Receipts from sale of Lands, etc. 76,360
Total Net Cost £314,943