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A V Roe And Company Middleton (Agreement)

Volume 530: debated on Tuesday 20 July 1954

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8.

asked the Minister of Housing and Local Government the total cost of building the 90 houses built by the Middleton Corporation for letting to Messrs. A. V. Roe and Company Limited, for their employees; and how this sum is financed as between the national Exchequer, the Corporation rates, the tenants and the Company.

The houses were part of a contract for the erection of 160 houses at a cost of £232,308, excluding the cost of the site and site preparation. They were built as part of the council's ordinary programme and qualify for the normal Exchequer subsidy of £26 14s. per annum for 60years. TheCouncil contribute an additional £8 18s. per annum which the Company have undertaken to reimburse. The tenants pay the Council the rent assessed by the Council.