Mr. Wheatley's Bill offers a State subsidy of from £9 to £12.10.0 per annum for 40 years for each hou: of a certain specified kind bull under the provisions of the Act. The total number of houses aliowed for is 2,500,000 and the annual expenditure at the peak will be +£34,000.000. The distinctive feature of the Bill is its attempt to provide avly built houses for workers at pre-war rents, It has been estimaced that the proviso limiting the rents of these houses will increase their cost by £163 per house.
Th presenting his Bill to Parliament Mr, Wheatley stated that the average east of the land on which tone of his new £500 houses will and accounts for 14d. per week rent, or Gs. Gl. per year. The of materials and profits amounted to £280, which put a weekly burden on the house of 1s. 10id, The cost of labour added another Is, td. per week, Taken altogether the services of the people who by hand and brain gave service to the erection of the houses st th, tel. per week of their rent. The whole of the remainder—Gs. 6d. per week, was taken up by finance, nul it went to those people who Tent their surplus wealth for the erection of the houses. Since 1900 [the price of money had gone up 1 per cent. This increase was.an additional £100 on every working' class house erected in the country.
Text read from the printed page and cleaned; old type leaves the occasional error.