4.
-4-
Mortgages, loan interests, etc.
Under paragraph 23, we urge the addition of
the following paragraph:
59
" (111)
In respect of schools, whether to be
built in future or already in existence, for which
money borrowed on mortgages has not yet been paid off,
the expenditure may include the whole of the interest
on such mortgages. Provided that Government shall have
the option of taking over these mortgages, should the
rate of interest charged make this advisable."
Paragraph 8 (111) should be altered
correspondingly to read:-
5.
(111) Rent, Depreciation, and/or Interest on
Mortgages.
Expenditure on other charges.
This grant for expenditure on other charges
is the one most likely to destroy the varieties of
practice and personnel in each school, without
necessarily any corresponding gain in efficiency.
We find it difficult to concur with the
suggestion that the elder children cost more in
maintenance than the younger. They are certainly less
destructive than the younger children. In any case
there are classes below Class 8 which should be included