TNAG-0523-FCO40-618-Visits-of-members-of-Urban-Council-from-Hong-Kong--to-UK-1975 — Page 37

to finance housing associations' activities for the acquisition, construction and

improvement of homes.

These objectives are planned very carefully so as to be completed

for the period 1974/1975 and the expenditure to meet these objects are analysed as

below:-

Part I

Capital Estimates

(1) Acquisitions

Sites inside and outside Greater London, including slum clearance

and non-confirming industries

£23 million

Existing dwellings such as vacant and private rented properties

and seaside bungalows

£57 million

(2) Building works

New dwellings inside and outside Greater London

£55 million

Improvement and rehabilitation on Council estates, acquired

dwellings and general improvement areas

£15 million

(3) Loans

Home Loans

Housing associations

Total Expenditure

£85 million

£20 million

£255 million

Part II

Revenue Estimates

The revenue estimates are divided into two parts. The GLC is

required to keep an account of its revenue expenditure and income on its housing

land and buildings as prescribed by the Housing Finance Act 1972. Expenditure and

income included in this Statutory Revenue Account are analysed as below:-

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