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198
Annual Report of the London County Council, 1910.
Carrington House (£3,278, or 42.75 per cent, of gross rental), Hughes Fields Dwellings (£498, or 38.98
per cent.), Hughes Fields Cottages (£747, or 36.35 per cent.), Preston's-road Estate (£1,255, or 31*43
per cent.), White Hart-lane Estate (£2,786, or 25.45 per cent.), which account for £8,564. On five
other dwellings the loss from empties was more than 10 per cent, of the gross rental.
Expenditure.

A statement is appended showing the percentages on gross rental of the several items
income and expenditure for each estate.
Repairs and
renewals
fund.
The repairs and renewals fund has been established with the view of equalising the charges
against revenue under this head between one year and another, as the expenditure in future years
will naturally be larger than at present, when many of the buildings are new. The sums charged
to revenue account and carried to this fund are based on the estimated cost of all repairs and
renewals during the loan period, after deducting interest earned on the investments of the fund. The
credits to this fund during the year exceeded the expenditure thereout by £3,702 10s. lOd. The
amount standing to the credit of the fund on 31st March, 1911, was £39,595 3s. 10d., of which
£37,297 5s. lOd. was invested.
Estates in
course of development.
The interest and sinking fund charges, less receipts in aid, in respect of the capital outlay on
lands acquired under Part III. of the Housing of the Working Classes Act, 1890, and still in course
of development, are included in a separate account. The charge on the rates in respect of the
deficiency under this head for the year 1910-11 was £5,826 2s. 6d., and the aggregate amount raised
in the rates to 31st March, 1911, is £69,946 7s. 9d. This amount includes the annual instalments
of sinking fund to redeem debt.
Norbury
Brickfield
The Norbury .Brickfield lormed part ol the estate at Norbury, which the Council in rebruary
1901, acquired under Part III. of the Housing of the Working Classes Act, 1890. It was subsequently
decided to continue the manufacture of bricks to be used in the construction of the cottages
on the estate. Brickmaking operations ceased, however, in October, 1907. The bricks have been
used for the construction of the cottages on the Norbury Estate, being charged to the capital account
of the cottages at cost price. A few have been otherwise disposed of. All the bricks having been
appropriated, the Brickfield Account was closed at 31st March, 1911.

(a) Before deducting tax on interest. (b) Less tax. (c) These figures do not appear in the accounts.