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

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London County Council 1925

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

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This is met or disposed of in the following manner—

(a) Exchequer subsidy and (b) special contributions by metropolitan borough councils.Transfers to or from Rate, etc. Accounts.(a) Carried for- ward or (b) disposed of by internal transfers.
Special County Account.General County Account.Other Accounts.
£s.d.£s.d.£s.d.£s.d.£s.d.
Non-assisted schemes--
clearance (deficiency, £45,363 14s. 5d.)45,303145
Dwellings, etc. (surplus,£69,763 10s. 3d.)15,3682*753174(a)25,596 (b)29.553732
Assisted (1919) scheme (deficiency, £702,932 7s. 5d.)533,137 (a)192169,79483
Assisted (1923) scheme (deficiency, £69,402 18s. -d.)(a)25,8575712,565921,426161(b)29,5 372
Assisted (1924) scheme (deficiency, £63,829 9s. 9d.)(a)5,598 (b) 29558,20249
564,62299227,723111044,2618753174(0)25,5963
£811,764 19 4

*£104 l1s. -d. transferred to Tramways Account and £858 8s. 4d. contributed by Education Account.
The total charge for the year on the rate and other accounts concerned is thus
£272,738 9s. 10d.
Repairs and Renewals Funds.
The purpose of these funds is to equalise the annual charges for repairs and to
provide a surplus in the early years to meet the cost of the more extensive works
which may be anticipated in subsequent years.
The annual transfers from the revenue account of the non-assisted schemes to
the fund are based on definite estimates of the dates and intervals at which particular
kinds of repairs and renewals will fall to be undertaken. As a provisional measure
the transfers in respect of Part III dwellings assisted under the 1923 and 1924 Acts
have been calculated at 20 per cent. of the rental. As regards dwellings ranking
for subsidy under the Assisted (1919) Scheme, the charge to the revenue account
has been limited by the Minister of Health to an amount equal to 15 per cent. on
the rental, and the same course has been followed in the accounts of rehousing
(Part II) schemes (50 per cent. subsidy) under the Act of 1923. The regulation on
the point is due for review at an early date. Meanwhile, representations have been
made to the Minister as to the inadequacy of the allowance.
Local Bonds for Housing.
The original issue of these Bonds (bearing interest at 6 per cent.) ceased on
30th July, 1921, the total amount raised being £3,955,605. During 1925-26 bonds
with a five-year currency, amounting to £1,560,415, fell due for repayment. The
Council decided to make a fresh issue, bearing interest at 5 per cent., with the
following result—
£
Expiring bonds conveited 985,680
Fresh money raised 534,330
1,520,010
Less—Amount of bonds maturing £1,500,415
Deduct—Amounts provided otherwise than from
proceeds of new issues 274,040
1,286,375
Additional money available [to 7th April, 1920) 233,635
13651
0