Manual on the preparation of state-aided housing schemes.

Date:
1919
Catalogue details

Licence: Public Domain Mark

Credit: Manual on the preparation of state-aided housing schemes. Source: Wellcome Collection.

    56/86 (page 50)
    (ix) (x ee, (xi ES (xi) (xiii) 50 Societies should not be allowed to sell houses, except subject to the consent of, and under conditions laid down by, the Central Authority. Building contracts should be approved by the Central Authority, Professional charges paid by Societies should not exceed a fixed percentage on cost, and management expenses should not exceed a fixed precentage on gross rental. The accounts should be audited and certified by a District Auditor, or other Auditor appointed by the Government (who should have the power of surcharge) and filed with the Central Authority and the Local Authority of the District, with the right of inspection by the public. On the dissolution of a Society the Local Authority should have the right of pre-emption at a figure sufficient to pay off shares at par, loans, loan stock and debts. _ If this right is not exercised the estate should be sold by public auction and any surplus remaining, after discharging all obligations, be paid to the Local Authority, and by it applied for housing or other like purposes.