London's Pulse: Medical Officer of Health reports 1848-1972

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London County Council 1922

[Report of the Medical Officer of Health for London County Council]

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123
The accounts show the broad division between Schemes assisted by Government
subsidy and the earlier “Non-Assisted Schemes.” The accounts are arranged
as follows—
A.—Non-Assisted Schemes—
1. Clearance Schemes.
2. Working-class dwellings.
B.—Assisted Scheme—
1. Clearance Schemes.
2. Working-class dwellings.
3. Housing Schemes of metropolitan borough councils.
4. Local Bonds (for housing).

The financial results of the whole operations in connection with housing, including clearance schemes, for the year ended 31st March, 1923, may be very shortly summarised as follows, the results for the previous year being also given for comparison.

Non-Assisted Schemes— Dwellings—1922-23 Surplus (+) Deficiency (—) £1921-22 Surplus (+) Deficiency (—) £
Housing Act+ 27,760+ 13,641
Improvement Acts+ 9,016+ 3,363
+ 36,776+ 17,004
Clearance schemes— 48,188— 61,414
Assisted Schemes— Council's Dwellings—
Dwellings in occupation—199,548— 33,535
Estates in course of development—202,808—280,192
—402,356—313,727
Metropolitan borough council's schemes—240,914—208,489
Local Bonds (expenses of issue, management, etc.)— 42,488— 28,949
Clearance schemes— 1,562— 692
Total deficiency on Assisted schemes—687,320—551,857
Government subsidy511,236378,661
Charge on rate176,084173,196
687,320551,857

A.—Non-Assisted Schemes.
This section comprises the accounts of schemes carried out by the Council prior
to the enactment of the Housing, Town Planning, etc., Act, 1919.
Clearance Schemes.—The aggregate net capital expenditure to 31st March,
1923, amounted to £2,742,457 -s. l0d. The net debt outstanding on the same date
was £975,600 12s. 1d.
The Revenue Account shows a deficiency of £48,188 9s. 4d., attributable mainly
to debt charges on the cost of acquisition and clearance works.
Working-class dwellings.—The aggregate net capital expenditure to 31st March,
1923, amounted to £2,995,575 5s. 7d. (Housing Act, £2,252,002 14s. 4d.; Improvement
Acts, £743,572 11s. 3d.); the net debt outstanding on the same date after
taking into account the accumulated sinking fund was £2,539,666 14s. 3d.