SCHEDULE 16 The Slum Clearance Revenue Account

SCHEDULE 16 The Slum Clearance Revenue Account

Section 207(3)

Credits

1

For each year a local authority shall carry to the credit of the slum clearance revenue account amounts equal to—

(a)     the income from the rents, feuduties and other charges in respect of houses and other property to which the account relates;

(b)     any slum clearance subsidy payable to the local authority for that year;

(c)     any income from the investment or other use of capital obtained from the disposal of houses and other property to which the account relates;

(d)     any expenses incurred by the local authority in the demolition of a building to which the account relates which they have

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