3
18.3.38 1938
2. Jou 233
Ref.
1.2. of Proc. 2
of 19
Put by
?. Roger
3. Gov. 311.
24 a.
14.4-38.
Ref 1. Irs. c/ Report of Commission.
The findings of the committee are:
(1) That owners of house property were
the victims of a disastrous slump during the
years 1933 to 1937.
(2) That there is no evidence that
landlords as a whole are at present raising
rents beyond or even as high as the level
ruling before the depression.
(3) That a net return of 7 to 8% on
capital outlay for property seemed to be regarded
as a fair return and that the evidence went to
show that most landlords had obtained very much
less than this rate during the depression and
that their returns had still not reached this
figure.
In view of these facts, they consider
1) that the introduction of rent
restrictions would be unjustified; (OD 2)
would
that there www be no advantage in the inception
of rapid construction of new houses;
(3)
that the Government should watch the position
carefully in case further increases in rent
take place.
The