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 1910
[Report of the Medical Officer of Health for London County Council]
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200
Annual Report of the London County Council, 1910.
The total expenditure on dwellings was £50,476.
| £ | |||||
| .12 | .14 | ||||
| ■ | |||||
| 10000 | |||||
Repairs and
renewals
fund.
The amount standing to the credit of this fund on 31st March, 1911, was £19,442 7s. 10d., of
which £18,702 14s. 2d. was invested. The credits to this fund during the year exceeded the expenditure
thereout by £1,345 Is. 8d.
A a MM.
Capital expenditure
on
dwellings.
The balance sheet shows that the total expenditure on capital account up to 3lst March,
1911, in respect of Dwellings under Improvement Acts amounted to £743,646 -s. 6d. The Summary
of Financial Results shows the apportionment of this figure as between land and buildings. The
capital expenditure during the year 1910-11 amounted to £387 15s. 6d.
The practice with regard to the charge to the capital account of the dwellings in respect of 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.
The estimated commercial value and housing value are given on pages xxxviii and xxxix.
in respect of all sites utilised for the erection of working class dwellings under Improvement
Acts, whether the dwellings have been erected by Dwellings Companies or by the Council. 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.
| The total financial results on all dwellings and estates from April, 1894 (the date of the opening of the first block) to 31st March, 1911, apart from contributions from or to rates, are as follows— | ||||
| s. | d. | |||
| — | ||||
| 16 | ||||
| deficiency | ||||
| deficiency | ||||
| deficiency | - • | |||
| 10 | ||||
| • • • • • • | ||||
| 18 | ||||
| 11 | ||||
These results are arrived at after (i.) charging interest on capital outlay, (ii.) making full provision
for repairs and renewals, and (iii.) 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, 1911, amounted to £177,973 14s. 3d. (exclusive of
£13,642, proceeds of sales).
(c) Before deducting tax on interest. (D) Less tax.