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

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London County Council 1924

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

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The results tor the year 1924-25, compared with those for the previous year, are as follows—

1924-25.1923-24.
£s.d.£s.d.
1. Clearance schemesDeficiency 8,016135Deficiency 4,358196
2. DwellingsDeficiency 402,03085Deficiency 408,049176
3. Schemes of metropolitan borough councilsDeficiency 240,0111511Deficiency 254,54613
4. Local bonds (for housing)Deficiency 32,40138Deficiency 34,4481711
Total deficiency682,46015701,403162
The total deficiency is provided for as follows—
Chargeable to Special County Account (penny rate)177,7731810166,61355
Exchequer subsidy504,68627534,790109
682,46015701,403162

The liability of the Ministry under the Act of 1919 is limited to the "loss' as
defined in the Regulations and as approved by the Minister. Should any part of the
deficiency not be approved, the difference becomes an additional charge on the
county rate.
As regards the deficiency under the head of dwellings, a sum of £34,786 19s.
relates to "estates in course of development," the debt and other charges in
respect of which, less receipts in aid, are shown separately in the account. This
course follows the Council's past practice and is adopted in order to permit a clear
view of the results of managing completed dwellings. As the work on each estate
proceeds, the proper proportion of capital expenditure and debt charges is allocated
to the account of the dwellings available for letting, and, in the end, the total
capital expenditure on land and development is entirely absorbed in the cost
of the dwellings.
Housing schemes of metropolitan borough councils.—A sum of £240,011 15s. 11d.
is provisionally included to cover the borough councils' losses for the year 1924-2-5
as compared with £254,546 1s. 3d. for the year 1923-24. The amount is subject
to revision, and any variation will be reflected in the amount of the Exchequer
subsidy.
Local Bonds (for housing).—The issue of these Bonds ceased on 30th July, 1921,
the total amount raised being £3,955,605. Deducting £106,373 6s. 2d. for expenses
of issue, the net amount available for capital expenditure on housing was £3,849,231
13s. 10d. £3,847,868 of this sum has been advanced on loan to the metropolitan
borough councils for housing purposes. No part of the proceeds has been used for
the Council's own capital purposes. The expenses of issue are being spread over a
period of five years, and charged to the assisted scheme. Provision has been made
accordingly. The rate of interest charged on the loans to the borough councils is
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 on the assisted scheme account as well as the 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 (a) clearance schemes and the consequent rehousing, the
deficiency in respect of which is met to the extent of 50 per cent. by State subsidy,
(6) various schemes for providing additional housing accommodation, under the