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27
If the loan of £52,300 for building be taken on (he instalment
system, and the terms on which the loan is granted are the same as
those securing the loan for £12,700 for the land, it will take 21 years
from 1906—in which year the first instalment is due—before the
Dwellings begin to be remunerative. In the year 1927 it is estimated
that a net rental of £2,566 (mean of L.C.C. and J. S. & S. estimates)
will meet approximately the annual instalments and interest on the
loans. Subsequently to the year, 1927, the Dwellings will become moro
and more remunerative year by year as the capital sum is paid off and
the interest reduced. In 24 years—including 3 years as the period of
payment of interest before the first instalment is due—a total sum of
£70,161 will have been paid in instalments and interest, and the net
rentals for 21 years will have produced a sum of £53,886, leaving a
balance of £16,275, or £678 per annum to be defrayed from the rates,
equivalent to a rate of 021 or one-fifth of a Id. in the £ on the rateable
value of the Borough for the 24 years 1903-1927.
HOUSES DEMOLISHED OR VACATED FOR DEMOLITION
DURING THE YEAR 1902.
houses.
Brompton-road 3
Basil-street 5
Hooper's-court 6
Keppel-street 3
Lower Sloane-street 1
Marlborough-road 4
Pimlica-road 2
Sloane-square 11
Sloane-terrace 6
Beaufort-street 45
Church-street 2
houses.
Upper Manor-street 12
Manor-gardens 32
Manor-buildings 31
King's-road 40
Park-walk 3
Manor-street 11
Lot's-road 6
223
Taking the average number of persons per house as 8,1,784
persons have been displaced during the year 1902 owing to demolitions.