Hints from the Health Department. Leaflet from the archive of the Society of Medical Officers of Health. Credit: Wellcome Collection, London
Annual report for 1902 of the Medical Officer of Health
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To produce a net rental that will meet the instalments and interest on the loans, it will be necessary to fix the rents of the various tenements as under:
g. v. | R. V. | ||||||
---|---|---|---|---|---|---|---|
s. | d. | £ | s. | d. | £ | £ | |
35 1-room tenements at | 3 | 6 | 6 | 2 | 6 | 210 | 175 |
130 2 „ | 6 | 0 | 39 | 0 | 0 | 1,492 | 1,221 |
96 3 „ „ | 8 | 6 | 40 | 16 | 0 | 1,483 | 1,186 |
Average rent per room | 2 | 85 | 18 | 6 | 3,185 | 2,582 | |
52 | |||||||
Gross Annual Rental | £4,468 0 0 | l. c. c. | |||||
Rents Receivable | 4,468 | 4,468 | |||||
Outgoings. | l. c. c. | ||||||
Empties and losses | £134 | £35 | |||||
Two tenements | 38 | — | |||||
Rates | 724 | 724 | |||||
Taxes | 165 | 165 | |||||
Water | 103 | 103 | |||||
Gas | 91 | 91 | |||||
Repairs and renewals | 447 | 268 | |||||
Supervision (local) | 188 10 | 300 | |||||
„ (head office) | 86 10 | ||||||
Contingencies | 111 | 30 | |||||
£2,088 | £1,716 | £2,088 | £1,716 | ||||
(38%) | £2,380 | £2,752 |
The L.C.C. Housing Department estimate empties and losses at
3 per cent. of gross rentals, and repairs and renewals at 10 per cent.
Messrs. Joseph, Son, and Smithem estimate empties and losses at
under 1 per cent., and repairs and renewals at 6 per cent.
The net rental taken as £2,380 will pay 3.7 per cent. on the total
capital outlay of £65,000; taken as £2,752, will pay 4.2 per cent. on
£65,000.
Loan of £12,700 for land for 60 years, at 3£%—
£ | s. | d. | £ | s. | d. | |
---|---|---|---|---|---|---|
Interest | 444 | 10 | 0 | |||
Instalment | 222 | 16 | 2 | |||
667 | 6 | 2 |
Loan of £52,300 for building for 60 years,
at 3£%— | |||
Interest and instalment in one sum on the annuity system | 2,097 | 9 | 0 |
£2,764 | 15 | 2 |