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Clearance schemes.—In the year 1923-24, the deficiency on clearance schemes,
mainly debt charges on the capital cost of acquiring and clearing the sites, establishment
charges, and items in connection with surplus property, is £46,687 8s. 7d.,
and this sum has been charged to the Special County Kate Account.

The surplus (£38,884 17s. 9d.) for 1923-24 on the dwellings erected under the
Housing Act, together with the corresponding surplus for the year 1922-23 (£27,760
0s. 4d.), which was held in reserve, together amount to £66,644 18s. 1d. Of this
sum £3,655 10s. 11d. is applied to meet the deficiency for the year 1923-24 in respect
of dwellings in course of erection under the Assisted (1923) Scheme, the balance
(£62,989 7s. 2d.) being carried forward as a reserve towards meeting the deficiencies
which will arise on future housing operations of the Council under the Act of 1923.
The net surplus for the year on dwellings erected under Improvements, etc.,
Acts is £13,505 l1s. 2d., of which £13,475 12s. 8d. is due to the General County
Account and £29 18s. 6d. to the Tramways Account (rehousing in connection with
Greenwich Power Station).
The total net financial result on "non-assisted" dwellings and estates taken
as a whole from April, 1894 (the date of the opening of the first block), to 31st March,
1924, is a surplus of £106,984 5s. l1d. £1,197 6s. 8d. has been contributed from
Tramways Account in respect of certain rehousing obligations in connection with
the Greenwich Power Station, £41,536 14s. 6d. has been transferred in relief of
rates, £3,655 10s. l1d. has been applied in meeting deficiencies on the Assisted (1923),
Scheme, and £62,989 7s. 2d. is held in reserve, as stated above.
B.—Assisted Scheme—Housing, Etc., Act, 1919.

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