58
GARDEN CITIES OF TO-MORROW.
| Expenditure. | |||||
| On Capital Account |
On Maintenance and Working Expenses. | ||||
| (See Note A) | 25 Miles road (city) at ₤4,000 a mile | ₤100,000 | ₤2,500 | ||
| ( | " | B} | 6 Miles additional roads, country estate at £1,200 | 7,200 | 350 |
| ( | " | C) | Circular railway and bridges, 5½ miles at ₤3,000 | 16,500 | 1,500 (maintenance only) |
| ( | " | D) | Schools for 6,400 children, or ⅕ of the total population, at £12 per school place for capital account, and £3 maintenance, etc. | 76,800 | 19,200 |
| ( | " | E) | Town Hall | 10,000 | 2,000 |
| ( | " | F) | Library | 10,000 | 600 |
| ( | " | G) | Museum | 10,000 | 600 |
| ( | " | H) | Parks, 250 acres at £50 | 12,500 | 1,250 |
| ( | " | I) | Sewage disposal | 20,000 | 1,000 |
| £263,000 | £29,000 | ||||
| ( | " | K) | Interest on £263,000 at 4½ per cent. | 11,835 | |
| ( | " | L) | Sinking Fund to provide for extinction of debt in 30 years | 4,480 | |
| ( | " | M) | Balance available for rates levied by local bodies within the area of which the estate is situated | 4,685 | |
| £50,000 | |||||
Besides the above expenditure, a considerable outlay would be incurred in respect of markets, water supply, lighting, tramways, and other revenue-yielding undertakings. But these items of expenditure are almost invariably attended with considerable profits, which go in aid of rates. No calculation, therefore, need be made in respect of these.
