London's Pulse: Medical Officer of Health reports 1848-1972
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Hints from the Health Department. Leaflet from the archive of the Society of Medical Officers of Health. Credit: Wellcome Collection, London
London County Council 1914
Annual report of the Council, 1914 Vol. III public health...
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154 Annual Report of the London County Council, 1914
Expenditure.
The total expenditure on dwellings was £50,767.
| 1918-14. | Per cent. of gross rental. | 1914-15 | Per cent. of gross rental | ||
|---|---|---|---|---|---|
| £ | Working Expenses— | £ | |||
| 4,594 | 8.17 | Supervision and collection of rent | 4,756 | 8.41 | |
| 9,096 | 16.18 | Rates and taxes (less tax on interest on debt recovered) | 9,602 | 16.98 | |
| 2,582 | 4.59 | Lighting, heating, water and insurance | 2,586 | 4.57 | |
| 102 | 0.18 | Stores and incidentals | 82 | 015 | |
| 5,286 | 9.40 | Repairs and renewals (transfers to fund) | 5,300 | 9.37 | |
| 21,660 | 38.52 | 22,326 | 39.48 | ||
| Debt Charges— | |||||
| Interest (gross)— | |||||
| Land | £3,332 | ||||
| Buildings | 19,904 | ||||
| 23,314 | 41.46 | 23,236 | 4109 | ||
| Sinking Fund— | |||||
| Land | 719 | ||||
| Buildings | 4,486 | ||||
| 5,207 | 9.26 | 5,205 | 9.20 | ||
| 50,181 | 89.24 | Total Expenditure | 50,767 | 89.77 | |
| 2,167 | 3.85 | Net deductions from gross rental (empties, etc.) | 1,945 | 3.44 | |
| 3,886 | 6.91 | Surplus on dwellings (excluding interest on cash balances and war service allowances) | 3,842 | 6.79 | |
| 56,234 | 100.00 | 56,554 | 100.00 | ||
Repairs and
renewals
fund.
The amount standing to the credit of this fund on 31st March, 1915, was £20,161 15s. lid., of
which £19,103 4s. 2d. was invested. The credits to this fund during the year exceeded the
expenditure thereout by £157 1s. 2d.
Capital
Expenditure
and debt on
dwellings.
No capital expenditure was incurred during the year 1914—15, and the total expenditure on
capital account to 31st March, 1915, in respect of Dwellings under Improvement Acts remains at
£743,538 2s. 4d.
The practice with regard to charging to the capital account of the dwellings the value of the
site is the same as for dwellings erected to rehouse persons displaced by clearance schemes under Parts I.
and II. of the Housing Act.
As regards sites sold to Dwellings Companies, the aggregate commercial value at the time of
disposal is estimated at £255,435, and the aggregate housing value as mainly represented by cash
received from Dwellings Companies is £131,007, the difference of £124,428 being charged against the
accounts of the improvements. The aggregate commercial value on the same basis of sites acquired
or appropriated by the Council is estimated at £416,277, and the housing value charged to dwellings
accounts at £108,213, the difference of £308,064 being charged against the accounts of the
improvements.
| Dwellings— | ||||
|---|---|---|---|---|
| Housing of the Working Classes Act, 1890— | £ | s. | d. | |
| Part I. | surplus | 54,882 | 19 | 3 |
| Part II | surplus | 4,429 | 6 | 6 |
| Part III. | deficiency | 15,619 | 19 | 2 |
| surplus | 43,692 | 6 | 6 | |
| deficiency | 82,783 | 8 | 7 | |
| Total under Housing Act | deficiency | 39,091 | 2 | 1 |
| Improvement Acts | surplus | 19,686 | 6 | 10 |
| Net aggregate deficiency | 19,404 | 15 | 3 | |
| Contributions from Tramways Account | 1,251 | 1 | ||
| Net contributions from Rates | 18,153 | 8 | 2 | |
| £19,404 | 15 | 3 | ||
(The net aggregate deficiency at 31st March, 1914, was £33,797 11s. 4d.)
These results are arrived at after (a) charging interest on capital outlay, (b) making full provision
for repairs and renewals, and (c) setting aside a sinking fund sufficient to replace the capital
outlay on land and buildings and estates in course of development within a period of 60 years. The
accumulations of the sinking fund on 31st March, 1915, amounted to £284,134 19s. 1d. (including
£17,879 16s. 3d. derived from proceeds of sales).