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 1923
[Report of the Medical Officer of Health for London County Council]
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the same as that payable by the Council on the face value of the Bonds, viz., 6 per
cent., and the instalments in repayment of the expenses of issue and the annual
cost of management, etc., fall wholly on the assisted scheme account. In addition,
the Assisted Scheme bears the large (and growing) deficiency of interest due to
the investment of amounts repaid by borough councils not producing as much
as the 6 per cent. payable on the Bonds.
C.—Assisted Scheme—Housing, Etc., Act, 1923.
This section covers the expenditure and income arising from (a) clearance
schemes and the consequent rehousing, any deficiency being subject to State subsidy
of 50 per cent., and (6) various schemes and operations for providing additional
housing accommodation, under the conditions prescribed in the Act.
In addition to the accounts relating to dwellings erected by the Council itself
under the provisions as to subsidy of the Act of 1923, the section covers also the
assistance given by the Council to metropolitan borough councils in the form of
grant, and to private enterprise, either by grant or in the form of loans and guarantees
under section 5 of the Act.
Although considerable commitments have been entered into by the Council at 31st March, 1924, the accounts this year show little more than preliminary expenses, the net deficiency under all heads being £7,107 18s. 7d., as follows
| Schemes undertaken by the Council- | £ | s. | d | |||
|---|---|---|---|---|---|---|
| — | ||||||
| This is provided as follows :— | ||||||
| s. | ||||||
| [Note.—a grant at the rate of £6 a house will be receivable when the dwelling, are completed, and only the balance of loss will then fall on the Council.] | ||||||
Net Deficiency, 1923-24—How Met. The financial results for the year under the several sections and sub-sections may be epitomised as follows:—
| s. | |||||
| 1 |
10976
k*