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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,
(b) various schemes for providing additional housing accommodation, under the
conditions as to subsidy prescribed in the (Chamberlain) Act, i.e., at the rate of not
exceeding £6 a house annually for 20 years, and (c) assistance given by the Council
to metropolitan borough councils and to private enterprise in the form of grant.
The annual subsidy of not exceeding £6 a house is receivable in aid of the Council's
expenditure on grants to private enterprise. Assistance to private enterprise in
the form of loans under section 5 of the Act of 1923 (now Section 92 of the Housing
Act, 1925), is calculated not to involve any charge on either the Exchequer or the
rates, and the transactions are included under the section "Non-Assisted Schemes."

D.—Assisted Scheme—Housing, etc., Act, 1924.
The operations under this (Wheatley) scheme cover Part III housing only,
the State subsidy being at the rate of £9 a house annually for 40 years, subject to
compliance with "special conditions" as to the letting of the houses.
The net deficiency for 1925-26 was £63,829 9s. 9d., which includes £169 7s. 2d.
for preliminary expenses in connection with assistance to private enterprise under
the Act of 1924. Towards this deficiency the subsidy due from the State was
£5,598, and a sum of £58,202 4s. 9d. is charged on general county account. At
31st March, 1926, the bulk of the capital expenditure related to estates in course
of development, but as the completed houses increase in number, the State will
bear a correspondingly larger share of the deficiency.