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War Service Homes Act - Director of War Service Homes - Report and financial statements together with Auditor-General's Report - Year - 1969-70


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THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

1970— P a rlia m e n ta ry P a p er N o . 201

WAR SERVICE HOMES

REPORT FOR YEAR

1969-70

P re se n te d p u rsu a n t to S ta tu te a n d

o rd e re d to be p rin te d 30 O ctober 1970

COM MONW EALTH GOVERNMENT PRINTING OFFICE

CANBERRA: 1971

*

DEPARTMENT OF HOUSING CANBERRA A.C.T.

27 October 1970

Madam,

I have the honour to submit for presentation to Parliament a report of the operations under the War Service Homes Act 1918-1968 front 1 July 1969 to 30 June 1970.

Yours faithfully,

Director of War Service Homes

Senator the Hon. Dame Annabelle J. Rankin, D.B.E. Minister for Housing, Canberra, A.C.T.

Printed by A uthority by the Governm ent Printer of the Commonwealth of A ustralia

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18-28

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CONTENTS

Summary of year’s activities

Applications for assistance under the Act

Erection of homes

Existing properties financed

Acquisition of land and estate development

Relief scheme for widows and certain other persons

W ar Service Elomes Insurance Scheme

Financial operations

Legislation

Financial and statistical tables

iii

ANNUAL REPORT OF THE DIRECTOR OF WAR SERVICE HOMES

FOR THE YEAR ENDED 30 JUNE 1970

INTRODUCTION

This report of the operations under the War Service Homes Act 1918-1968 during the year ended 30 June 1970 is presented in accordance with Section 50b of the Act.

The War Service Homes Act came into operation on 6 March 1919 and its original purpose was to make provision for homes for servicemen and women returning from service in the 1914-18 War. The benefits of the Act were sub­ sequently extended to persons with appropriate qualifying service in the 1939-45 War and, subject to the prescribed conditions, to persons with service in connection with the war-like operations in Korea, or in Malaya (including Singapore) or who

have served on ‘special service’ as defined in the Repatriation (Special Overseas Service) Act 1962— as amended. No time limit is placed on eligibility for assistance under the Act and consequently veterans from the 1914-18 War are still applying for and receiving assistance side by side with young men recently returned from

service in Vietnam.

The legislation makes provision for the grant of low interest housing loans to eligible persons, as defined in the Act, for the acquisition of a home.

Section 5 of the Act provides that the Director of War Service Homes shall be responsible for the execution of the Act, subject to the directions of the Minister. The Act confers on the Director powers to erect homes on land acquired for that purpose or owned by an eligible person, to sell homes on a rent purchase system

and to make advances for the erection, purchase, enlargement or completion of a home.

SUMMARY OF THE YEAR’S ACTIVITIES

An amount of $55m. was appropriated by Parliament for the provision of War Service homes during 1969-70 and this enabled 7,223 applicants to be assisted to acquire a home compared with 7,163 applicants assisted in 1968-69.

Applications for loans increased during the year and the demand for loans exceeded the available funds. Consequently it was necessary to introduce on 18 March 1970 a waiting period for assistance to purchase existing dwelling-houses. The waiting period was eliminated on 19 August 1970.

The following table summarises the main activities under the Act during the year compared with 1968-69.

1968-69 1969-70

T otal num ber o f applications received (excluding applications for additional loans for extra accom m odation, etc.) . . .. 10,824 11,057

T otal num ber o f hom es provided . . . . .. .. 6,599 6,753

A pplicants assisted by transfers from existing purchasers, etc. .. 564 470

T otal num ber o f applicants assisted as show n in the two previous item s . . . . . . . . . . .. 7,163 7,223

T otal expenditure on provision o f hom es . . . . .. $50,190,522 $55,000,000

Average cost o f each hom e provided .. . . .. $13,392 $13,940

N um ber o f applicants who discharged their liability during the year . . . . . . .. . . . . .. 5.600 6,164

N um ber o f hom es subject to a m ortgage or contract o f sale under the A ct . . . . . . . . .. .. 185,986 186,813

N um ber o f applications received for additional loans for extra accom m odation, sewerage, etc. . . . . . . .. 4,899 4,556

T otal receipts . . . . . . . . . . .. $72,621,597 $77,911,042

Insurance prem ium incom e . . . . . . .. $969,954 $1,089,277

N um ber o f insurance claims paid .. .. .. .. 8,258 7,612

A m ount o f insurance claims paid . . . . .. . . $643,283 $621,653

W idows, etc., in receipt of assistance under the W idow s' Relief Scheme at 30 June .. . . . . . . .. 880 918

N um ber o f ad ditional loans granted for extra accom m odation, sewerage, etc. . . . . . . . . . . .. 3,569 3,902

OPERATIONS IN RESPECT OF APPLICATIONS FOR ASSISTANCE UNDER THE ACT

ASSISTANCE AVAILABLE The War Service Homes Scheme is a home ownership scheme, its main purpose being to provide assistance for the building or purchase of homes. Subject to the provisions of the Act, assistance is available to an eligible person for the following purposes:

• to erect a dwelling-house; • to purchase or complete the purchase of land and erect a dwelling-house thereon; • to purchase an existing property; • to complete a partially erected dwelling-house; • to enlarge a dwelling-house.

A full architectural service is available to eligible persons.

ELIGIBILITY REQUIREMENTS To be eligible for assistance under the War Service Homes Act, a person— (a) Must be an ‘eligible person’ as defined in the War Service Homes Act. An ‘eligible person’ includes members of the Australian Forces and Nursing

Services enlisted or appointed for or employed on active service outside

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Australia or on a ship of war during the 1914-18 and 1939-45 Wars and, subject to the prescribed conditions, persons with service in Korea between 27 June 1950 and 31 August 1957 and Malaya between 29 June 1950 and 27 May 1963, or who have served on ‘special service’ as defined in the

Repatriation (Special Overseas Service) Act 1962-68. ‘Special service’ involves allotment for ‘special duty’ in a prescribed ‘special area’. The areas prescribed under the legislation as special areas include Vietnam (Southern Zone). Certain other persons are eligible including the widow

and, in some cases, the widowed mother of an ‘eligible person’ and persons domiciled in Australia and employed in certain sea-going service during the 1914-18 and 1939-45 Wars.

(b) Must be married, about to marry or have dependants for whom it is necessary to maintain a home (except in the case of a widow or widowed mother).

(c) Must not already own a home or be the wife or husband of an owner of a home.

(d) Must intend to use the dwelling-house as a home in which he and his dependant will usually reside.

(e) Must establish that he has an income which will enable him to meet the monthly payments in respect of his loan as well as the other obligations in respect of the property concerned, such as payments of rates and maintenance.

APPLICATIONS RECEIVED FOR ASSISTANCE The number of applications received for assistance to build or purchase a home increased from 10,824 for the year ended 30 June 1969 to 1 1,057 for the year ended 30 June 1970.

A n in d iv id u a l h o m e b u ilt u n d e r W a r S e rv ic e H o m e s su p e rv isio n at M o o r o o k a , B risb a n e,

f o r an e lig ib le a p p lica n t.

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The total of 11,057 applications received for assistance consisted of—

• 385 (403) based on service in the 1914-18 War;

• 7,889 (8,408) based on service in the 1939-45 War;

• 293 (235) based on service in Korea or Malaya;

• 2,490 (1,778) based on ‘special service’ as defined in the Repatriation (Special Overseas Service) Act 1962-68. This includes 2,072 (1,218) based on service in Vietnam.

The figures in brackets represent applications received in 1968-69.

The following tabulation shows the number of applications received in each State for the various categories of assistance for the 1969-70 year.

Type o f Assistance N .S . W Vic. Q ld S.A. W .A. Tas. A .C .T. Cwlth

To build . . . . 854 448 335 26 375 21 12 2,071

Purchase— New hom es . . . 765 592 340 127 108 38 37 2,007

Previously occupied homes 1,934 1,144 706 A ll 228 162 54 4,705

Discharge o f m ortgage . 452 445 287 160 191 77 10 1,622

T ransfer and resale . . 210 151 78 59 20 16 1 535

T o purchase hom es built

under the H ousing Agree-m ents with the States . 51 25 18 23 117

Sub-total . . . 4,266 2,805 1,764 849 945 314 114 11,057

A dditional accom m odation, etc. . . . . 1,560 1,297 1,067 280 279 57 16 4,556

T otal . . . 5,826 4,102 2,831 1,129 1,224 371 130 15,613

Note: Figures for New South Wales include 1 application to buy a previously occupied home on Norfolk Island, and South Australia includes 13 applications from Northern Territory (to build 4; to purchase previously occupied homes 2; to discharge mortgage 7).

Since the inception of the War Service Homes Scheme on 6 March 1919 to 30 June 1970, 542,763 applications for assistance to build or purchase homes have been received. Of this number, 313,450 have been approved, 224,303 have been refused or withdrawn for various reasons, leaving a balance of 5,010 still pending

at 30 June 1970.

The number pending at 30 June 1970 represented applications which were in the course of being dealt with at 30 June 1970 or which were deferred for various reasons.

NUMBER OF APPLICANTS ASSISTED

As previously mentioned in this report 7,223 applicants were assisted to acquire a home during the year. This is a slight increase over the number of 7,163 assisted in 1968-69.

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In addition, 3,902 existing purchasers and borrowers were granted further assistance for the provision of essential extra accommodation or for the installation of certain approved utility services. The total expenditure in respect of further assistance was $2,853,183 compared with a total in 1968-69 of $2,204,545.

The number of eligible persons granted assistance in each State during each of the last two years, and the total number who have received assistance since the inception of the Scheme in 1919, are as follows:—

S tate 1968-69 1969-70

Inception to 30 June 1970

New S outh W ales . . . 2,721 2,756 103,620

V ictoria . . . . 2,035 1,965 91,982

Q ueensland . . . . 1,115 1,167 44,095

South A ustralia . . . 484 567 31,186

W estern A ustralia . . . 526 487 31,291

T asm ania . . . . 192 182 7,946

A ustralian Capital T erritory . 90 93 1,514

N o rth ern T erritory . . 6 96

New G uinea . . . . 29

N orfolk Island . . . 5

T o tal . . . . 7,163 7,223 311,764

The total number of eligible persons who received assistance in 1969-70 includes 666 persons assisted to acquire a strata title home unit making a total of 3,732 eligible persons throughout the Commonwealth who have been assisted to purchase this type of dwelling unit since strata title legislation providing for an acceptable separate title was first introduced in New South Wales in 1961.

8BV1

. . *

A s p lit-le v e l h o m e d e sig n e d a n d b u ilt u n d e r the g r o u p b u ild in g s c h e m e o n th e W ar

S e rv ic e H o m e s e sta te at M o o r o o k a , Q u e en sla n d .

23648/ 70—2 5

ERECTION OF HOMES

Details of the building activities under the War Service Homes Act for the year ended 30 June 1970 are given below, together with the corresponding figures for 1968-69.

1968-69 1969-70

Building contracts signed . . . . . . . 612 988

Homes com pleted . . . . . . . . 767 796

Homes under construction including contracts let—w ork not started at the close o f year . . . . . . . 363 594

Of the total number of homes completed, 749 were erected for individual applicants, and 47 were erected under group housing projects on land owned by the Director.

The response to the calling of tenders was satisfactory in most instances. Generally speaking manufacturers and suppliers coped with the heavy demand for materials, but there were spasmodic shortages of bricks. There was also a shortage of skilled labour during most of the year, which delayed the completion of a

number of building contracts.

The variety and range of building materials expanded significantly during the year, and this contributed to a greater variety in facades, styles and treatment of both exteriors and interiors while at the same time reducing maintenance work and costs. Overall there was a noticeable trend towards larger and more prestigious homes incorporating additional family living space, additional toilet facilities and

B ric k h o m e a t H a m m e r s le y , P erth , b u ilt u n d e r th e g ro u p b u ild in g s c h e m e h v th e S ta te

H o u s in g C o m m is s io n o f W e ste rn A u stra lia a c tin g as a g e n t f o r th e D ire c to r.

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additional car garaging facilities. With the changes and trends over the past year, houses have undoubtedly become more comfortable places in which to live.

It has been the practice to include in the annual report particulars of the average cost of homes erected under the Act during the year, including the average cost of lots on which the homes were erected. These details in respect of the year ended 30 June 1970 are given in Appendices ‘L’ and ‘M’. Appendix ‘Ν' shows the

average cost of all homes built or financed under the Act during 1969-70 and indicates that the average cost increased from $13,392 for 1968-69 to $13,940 for 1969-70.

EXISTING PROPERTIES FINANCED The number of existing properties financed during 1969-70 was 5,868 compared with 5,773 for 1968-69. Details relating to these properties are set out hereunder:

1968-69 1969-70

New hom es financed— Hom es erected with tem porary finance under pre-arranged dis­ charge o f m ortgage m ethod . . . . . . 1,074 1,179

Hom es purchased . . . . . . . . 1,516 1,489

Previously occupied hom es financed— M ortgages discharged* . . . . . . . 31 46

H om es purchased . . . . . . . . 3,152 3,154

T otal . . . . . . . . . 5,773 5,868

* These represent cases in which an exception to the Government’s policy not to discharge an existing mortgage, unless entered into with the prior approval of the Director of War Service Homes, has been approved because of the existence of special circumstances.

ACQUISITION OF LAND AND ESTATE DEVELOPMENT It has been the practice since the inception of the War Service Homes Scheme to acquire areas of land in broad acres for the erection of homes. After the provision of roads and other services, the land is used for group building or made available

to eligible persons for the erection of individual homes to their own design. All land made available in this way is allotted to eligible persons at the capital cost plus interest at the prescribed rate.

The following is a summary of land purchases and estate development activities during the year.

NEW SOUTH WALES Estate development activities were confined to the development of estates at Mount Druitt, Cromer and Warrawee which were referred to in the report for 1968-69.

A 50 acre tract of land south-west of Sydney in the proposed satellite city of Campbelltown was acquired for future development together with 21 acres of land at Menai, an attractive area south of Sydney close to the Georges River and the southern beaches.

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VICTORIA Estate development activity was continued at Watsonia. A tender has been let for street construction and associated drainage on part of the Watsonia Estate and it is expected that an additional 231 lots in the estate will become available in

1970-71. Development of the residue of an estate at Thomastown was completed during the year when 27 lots were allocated.

QUEENSLAND Land development activity was continued at Moorooka and Manly. Develop­ ment of these estates is now virtually complete and preliminary planning of a small estate at Acacia Ridge, expected to yield 105 allotments, was commenced during the year.

WESTERN AUSTRALIA An additional 131 lots in various metropolitan areas became available during the year for allocation to eligible persons. In addition small areas of land were acquired at Lake Joondalup, Geraldton and Bunbury.

A v ie w o f th e W a r S e rv ic e H o m e s e sta te at C ro m er, S y d n e y , sh o w in g s o m e o f th e 121

g ro u p a n d in d iv id u a l h o m e s in th e c o u rse o f c o n stru c tio n o n th e estate.

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SOUTH AUSTRALIA AND TASMANIA

In view of the lack of demand for group land in these States, estate develop­ ment was discontinued several years ago. Action was taken during the year to dis­ pose on the open market of land at Moonah Gardens, Claremont and George Town located in Tasmania.

At 30 June 1970 there was available to meet future requirements under the War Service Homes Act land capable of providing 1969 building lots. Distribution of these allotments is as follows:

New South Wales . . . . 876

Victoria . . . . . 659

Queensland . . . . . 229

Western Australia . . . . 151

Tasmania . . . . . . 54

OPERATIONS IN RESPECT OF PROPERTIES SUBJECT TO A CONTRACT OF SALE, MORTGAGE OR OTHER SECURITY UNDER THE ACT

Operations in respect of properties subject to a contract of sale, mortgage or other security under the Act cover the accounting action in respect of homes provided and advances made under the Act, arrears action, sale of reverted homes, proposals to raise second mortgages, requests for reduction in instalments payable, adminis­ tration of the Widows’ Relief Scheme and the War Service Homes Insurance Scheme, discharges of liability and a wide variety of other matters in respect of more than 186,000 homes subject to the Act at 30 June 1970.

Comments in this report have been restricted to the more important of these matters.

RELIEF SCHEME FOR WIDOWS AND CERTAIN OTHER PERSONS

Provision is made in the War Service Homes Act for the Minister to reduce the instalments payable by a widow or a widowed mother of an eligible person or by the wife of an eligible person who is temporarily or permanently insane, where, in the Minister’s opinion, payment of the full amount of the instalment would cause

hardship. Provision also exists for the payment of the cost of repairs, rates, taxes and other outgoings on the property.

The Relief Scheme was established to assist widows who, as a result of a con­ siderable reduction in the family income upon the death of the husband, are experiencing hardship in meeting the payment of instalments and other outgoings in respect of loans granted to their husbands. The assistance granted to a w-idow as relief becomes a charge upon the property. Repayment is not ordinarily required while the widow continues to occupy the home unless there is substantial improve­

ment in her financial position, but the amount of relief would be repayable on the

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sale of the home or on the death of the widow. Where a debt for relief proves to be irrecoverable, either because there are insufficient assets in the estate from which the debt can be paid or for any other reason, the Director is empowered to write off the debt.

Prior to the commencement of the 1969-70 financial year all receipts and expenditure in connection with the Relief Scheme were required to be credited or debited, as the case may be, to the War Service Homes Relief Trust Account. Funds for the operation of the Relief Scheme were provided through appropriations by

Parliament and the use of repayments of relief previously granted. The War Service Homes Act 1968 abolished the War Service Homes Relief Trust Account with effect from 1 July 1969, and payments under the Relief Scheme are now made direct from moneys appropriated by the Parliament for that purpose while repay­ ments of relief are paid into the Consolidated Revenue Fund. Whereas relief from

the payment of instalments was previously provided by drawing moneys from the Relief Trust Account, relief is now afforded by a direct reduction in the instalments otherwise payable.

As at 30 June 1970, 918 widows and other eligible persons were in receipt of assistance under the Relief Scheme. This is an increase of thirty-eight over the number in receipt of relief at 30 June 1969.

Direct expenditure under the Relief Scheme during the year 1969-70 totalled $107,481. In addition, relief from the payment of instalments was granted to the extent of $58,645, bringing the total cost to $166,126, compared with $167,008 in 1968-69. After allowing for repayments of relief previously granted amounting to

$55,570, the net cost of relief in 1969-70 was $110,556 and the net amount owing at 30 June 1970 was $1,081,169, including $58,645 by way of direct reduction in the instalments otherwise payable.

During the year it was necessary to write off as irrecoverable an amount of $1,234 owing in respect of relief granted by the Minister.

Details of the number of persons granted relief and the cost involved in each State since the inception of the measure in 1935 to 30 June 1970, are shown in the following statement:

Number o f persons granted

relief

N et cost o f relief

State

Instal­ ments

R ates, taxes, etc.

Main­ tenance

Road making, sewerage

Total

New South W ales ..

Victoria . . ..

Queensland .. ..

South A ustralia ..

W estern A ustralia ..

Tasm ania . . . .

1,006 778 251 250 340

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$

123,984 132,285 24,428 21,647

72,639 4,013

s

108,518 116,825 30,604 25,583

37,541 1,714

s

77,180 123,029 23,706 18,937

12,147 1,064

S

21,776 96,152 6,158 1,184

55

S

331,458 468,291 84,896 67,351

122,327 6,846

Com m onw ealth . . 2,657 378,996 320,785 256,063 1 125,325 1,081,169

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WAR SERVICE HOMES INSURANCE SCHEME

From its commencement in 1919 the War Service Homes Act has provided that all dwellings in which the Director has an interest shall be insured as prescribed against fire and prescribed risks. Regulations made under the Act provided that all insurances in pursuance of the Act unless the Director otherwise directs shall be

effected with the Director. The legislation was amended in 1948 to enable pur­ chasers and borrowers who have discharged their liability to continue the insurance of their homes under the Act.

The legislation provides for the Director to determine the amount for which any property shall be insured in pursuance of the Act and the amount of the premium payable to the Director for the insurance. The premium payable is deter­ mined each year, after consultation with the Commonwealth Actuary, having regard

to the anticipated results for the ensuing year and the balance in the War Service Homes Insurance Trust Account to which is credited or debited, as the case may be, all premiums received by the Director and all expenditure of the Director in connection with insurance under the Act, which includes the cost of carrying out

inspections and valuations for insurance purposes.

The risks for which a property shall be insured are set out in Section 38 of the Act and Regulation 19. They include all risks normally covered in a householder’s and houseowner’s comprehensive insurance policy plus certain other risks for which private insurers normally apply a special loading.

Financial details of operations under the War Service Homes Insurance Scheme during the year ended 30 June 1970 are contained in Appendices ‘D’ and Έ ’ to this report. The income and expenditure statement included as Appendix Έ ' reflects a deficit of $41,295 in operations, despite action taken at the beginning of the year to increase income by raising premium rates. The following factors have contributed to the deficit—

• abnormally heavy claims under the Scheme;

• increases in administration costs.

As a result of the increase in administration costs, it has been necessary to increase the administrative expenditure component of each insurance premium by 60 cents from July 1970.

Insurance receipts include for the first time income derived from the investment of insurance reserves in accordance with provisions contained in the War Service Homes Act 1968. A substantial portion of insurance reserves has been invested in Commonwealth securities, or placed on fixed deposit with the Reserve Bank.

At 30 June 1970, insurance cover to the value of 51,808,647,755 was provided in respect of 198,930 homes, including 12,032 homes where the former purchasers and borrowers have repaid their loans but have elected to continue the insurance on their homes under the Scheme.

Details of insurance receipts and expenditure in each State during the year are set out below:

Expenditure

N et

State

Premium and interest receipts

Claims paid

Admin. Expenses

Con­

tributions to Fire Brigade Boards

Total Expen­ diture

Surplus or Deficit fo r 1969-70

% $ S $ s s

New South W ales 399,920 169,919 167,198 13,179 350,296 49,624

(surplus)

Victoria .. 315,374 197,484 135,678 29,148 362,310 46,936

(deficit)

Queensland . . 141,588 138,141 65,868 21,093 225,102 83,514

(deficit)

South A ustralia .. 100,996 15,485 41,658 5,517 62,660 38,336

(surplus)

W estern A ustralia 107,260 95,530 44,521 12,043 152,094 44,834

(deficit)

Tasm ania .. 24,139 5,094 9,692 2,309 17,095 7,044

(surplus)

Interest on invest-

1,089,277 621,653 464,615 83,289 1,169,557 80,280

(deficit)

m ents .. 99,614 99,614

1,188,891 621,653 464,615 83,289 1,169,557 19,334

(surplus)

ARREARS OF INSTALMENTS The position in respect of the payment of instalments continued to be generally satisfactory. Despite an increase in the number of accounts, arrears of instalments declined from $1,011,399 at 30 June 1969 to $810,676 at 30 June 1970. The average arrears per account at 30 June 1970 in each State was as follows:

$

New South Wales . . . . 5.24

Victoria . . . . . 4.40

Queensland . . . . . 4.44

South Australia . . · · · 2.38

Western Australia . . . . 2.87

Tasmania . . . . . 3.43

Northern Territory . . . . 7.95

Note: Australian Capital Territory included in New South Wales.

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The number of cases in which it was necessary to exercise powers under the Act for default decreased from 101 in 1968-69 to 58 in 1969-70. A total of 80 reverted homes were resold during the year, and at 30 June 1970, 60 reverted homes were still to be sold compared with 81 at 30 June 1969. These homes are being sold as

the opportunity arises.

HOMES SUBJECT TO A MORTGAGE OR CONTRACT OF SALE UNDER THE ACT

After deducting from the total the 6,164 applicants who discharged their liability during the year, the number of homes remaining subject to the Act increased from 185,986 at 30 June 1969 to 186,813 at 30 June 1970.

Details in respect of each State of the number of homes provided, the number of loans repaid, and the number of homes still subject to the Act are given in the following statement:

sta,e

Homes provided 0including homes under construction, contracts let and

approved building applications where security taken) Total

y repaid

Percentage to homes provided

Homes still subject to Act (including homes under

construction, contracts let, appro ved building

applications where security taken and reverted homes)

N ew South W ales . . . 96,882 30,717 31.7 66,165

Victoria . . . . 85,610 30,479* 35.6 55,131

Q ueensland . . . . 39,235 14,159 36.1 25,076

South A ustralia . . . 28,435 11,742 41 .3 16,693

W estern A ustralia . . . 28,751 10,401 36.2 18,350

T asm ania . . . . 7,242 3,074 42.4 4,168

A ustralian C apital T erritory . 1,472 308 20.9 1,164

N orthern T errito ry . . 91 42 46.2 49

New G uinea . . . . 29 18 62. 1 1 1

N orfolk Island . . . 6 6

T otal . . . . t287,753 100,940 35.1 186,813

* Includes 264 homes retained by the Victorian State Savings Bank upon ceasing to operate for the Commission in 1932.

t Includes 426 under construction, 168 contracts let work not yet started, 27 securities taken, and 2,643 homes taken over under the Housing Agreements with the States.

Loan balances outstanding at 30 June 1970 amounted to S912,398,258. \ his figure does not include expenditure on such items as works still in progress.

FINANCIAL OPERATIONS

CAPITAL EXPENDITURE

As previously mentioned in this report, the sum of $55,000,000 appropriated by Parliament for expenditure under the War Service Homes Act was expended during the year. This sum was expended as set out on the next page.

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1968-69 1969-70

$ $

Hom es built under the Act . . . . . . . 5,107,721 6,075,558

Purchase o f previously occupied hom es . . . . . 22,676,094 23,884,964

Purchase o f new homes . . . . . . . 11,208,646 11,491,955

Hom es built under pre-arranged discharge o f m ortgage scheme, etc. . . . . . . . . . . . 7,901,757 9,297,420

M iscellaneous expenditure on m aintenance o f hom es, provision o f additional accom m odation, purchase and developm ent o f land, etc. . . . . . . . . . . 3,296,304 4,250,103

T otal . . . . . . . . . I 50,190,522 55,000,000

The total capital expenditure under the War Service Homes Act from the inception of the Scheme to 30 June 1970, now stands at $1,365,749,842. The total expenditure in each State during each of the last two years and from the inception of the Scheme to 30 June 1970 is as follows:

State 1968-69 1969-70

Inception to 30 June 1970

$ $ $

New South Wales . . 19,000,108 21,300,000 481,560,854

Victoria . . . . 14,000,000 14,550,000 408,195,588

Queensland . . . . 7,908,000 8,900,000 176,396,622

South A ustralia . . . 3,470,000 4,100,000 123,166,806

W estern A ustralia . . 3,750,000 4,100,000 134,902,813

Tasm ania . . . . 1,350,000 1,300,000 32,477,868

A ustralian Capital T erritory . 712,414 750,000 9,049,291

Total . . . 50,190,522 55,000,000 1,365,749,842

RECEIPTS

Moneys received during the year and paid into Consolidated Revenue Fund totalled $77,966,612 made up as follows: $ Instalments— Principal and interest . . . . . 77,392,779

Rents from properties let or leased . . . . . 1,202

Repayments of advances made for utility services . . . 39,657

Proceeds from sales of land . . . . . . 92,207

Recoveries—Technical and legal fees . . . . . 384,673

Repayments—Widows’ Relief Scheme . . . . . 55,570

Miscellaneous receipts . . . . . . . 524

77,966,612

14

87

X

A h o m e c o m p le te d in M a y 1 9 7 0 a t H a m m e r s le y a su b u r b o f P erth , u n d e r th e g ro u p

b u ild in g s c h e m e .

Principal and interest receipts included the sum of $24,545,725 in respect of liabilities discharged on properties subject to the Act, before the end of the repay­ ment period.

Receipts since the inception of the Scheme to 30 June 1970 have now reached a total of $916,036,777.

EXCESS PAYMENT CREDITS

There is provision in the Act for purchasers or borrowers to make payments in excess of those required by their contract of sale or mortgage. Such payments are credited to the purchaser or borrower and earn interest at the same rate as is charged upon the purchase money or advance.

Excess payments accumulated to the credit of a purchaser or borrower may be applied to discharge his liability earlier than provided in the contract of sale or mortgage, when the accumulated amount equals the capitalised value of the whole of the existing and future liability of the purchaser or borrower.

In addition, the Director may utilise excess payment credits for the purpose of meeting the payment of any instalment. The Director is also authorised to make available excess payment credits on request by a purchaser or borrower for the purpose of paying rates and taxes or to assist him in meeting the cost of carrying out repairs and improvements to the property and 1 1,726 requests were received

and dealt with during the year.

At 30 June 1970, 1 15,381 accounts, representing nearly 62 per cent of accounts throughout the Commonwealth, reflected excess payment credits, and the total amount of excess payments accumulated to the credit of purchasers and borrowers was $16,873,626.

15

O n e o f a n u m b e r o f g ro u p h o m e s c o n s tr u c te d o n th e W a r S e rv ic e H o m e s e sta te at

M o u n t D r u itt, N e w S o u th W ales.

B r ic k h o m e a t H a m m e r s le y , P e rth , b u ilt u n d e r the g ro u p b u ild in g s c h e m e b y th e S ta te

H o u s in g C o m m is s io n o f W e s te r n A u s tr a lia a c tin g as a g e n t f o r th e D ire c to r.

16

89

LEGISLATION

No amendments were made to the War Service Homes Act during the year.

Statutory Rule No. 164 of 1969, which became operative on and from 16 October 1969, amended certain provisions of the War Service Homes Regulations to extend the prescribed risks under the War Service Homes Insurance Scheme and to exclude certain damage arising from risks included in the insurance cover.

The additional risks cover sonic boom caused by aircraft or missiles; the impact of a tree caused otherwise than by the felling or lopping of a tree growing on the land on which the dwelling-house is erected; acts of a lawfully constituted authority in suppressing a riot, civil commotion, strike or labour disturbance; and leakage of oil from a fixed oil heater but excluding damage from smoke or defective vapour­ isation and damage to the heater itself as a result of the oil leakage.

Damage which is excluded from insurance includes damage caused by war, invasion, act of foreign enemy, hostilities (whether war is declared or not), civil war, rebellion, revolution, insurrection or military or usurped power; damage caused by tempest to exterior textile blinds and awnings; and damage to a boiler,

tank, pipe or associated apparatus caused by the bursting, leaking or overflowing of the boiler, tank, pipe or associated apparatus.

Under the amending Regulations the amount for which a property is insured now includes an amount determined to be the rental value of the property for a period of twelve months. The amount included as the rental value of the property is payable on a proportionate basis during any period when the property is unin­

habitable as a result of damage caused by a prescribed risk.

FINANCIAL AND STATISTICAL STATEMENTS Financial and statistical statements in respect of operations under the Act are included as Appendices to this report. The financial statements have been submitted to the Auditor-General who has reported to the Minister in accordance with Section

50b of the War Service Homes Act 1918-1968. A copy of the Auditor-General’s report is also appended.

ACKNOWLEDGMENTS

During the year it was necessary to seek the advice and assistance of a number of Commonwealth and State departments and instrumentalities in carrying out the provisions of the Act. I desire to record my appreciation of the assistance given, particularly that rendered by the Department of Works in carrying out inspections on behalf of the Director, valuations carried out by the Commonwealth Taxation Office, survey services provided by the Department of the Interior, legal assistance provided by the Attorney-General’s Department, and the valuable assistance provided by a number of State planning authorities in facilitating the acquisition

and development of land for the purposes of the Act.

‘ In conclusion I wish to record also my appreciation of the capable service provided by staff members.

K. D. A. M e d b u r y Director of War Service Hornes

17

APPENDIX A—DIRECTOR OF WAR SERVICE HOMES—BALANCE SHEET AS AT 30 JUNE 1970 IN RESPECT OF OPERATIONS OTHER THAN INSURANCE UNDER THE WAR SERVICE HOMES ACT

30 June 1969 Assets 30 June 1970

$ %

A dvances to eligible persons—

$ $

Principal outstanding (excluding arrears

894,990,236 of principal) . . . .

Interest accrued (excluding arrears of

907,662,611

2,798,567 interest) . . . . 2,841,829

993,899 898,782,702 Principal and interest arrears . . 808,226

911,312,666

H om es sold to ineligible persons— Principal outstanding (excluding arrears of

750,039 principal) . . . .

Interest accrued (excluding arrears o f

757,059

3,673 interest) . . . . 3,614

2,727

756,439

Principal and interest arrears . . 2,451

763,124

L oans and advances m ade on W orks-in-948,708 Progress . . . . .

Reverted hom es awaiting resale—

1,685,296

(A t net cost to the D irector)

442,543 (Estim ated m arket value $359,952) . 322,468

1,570,870 Freehold land (A t cost) . . .

D ebtors—

1,698,740

963,489 W idow s’ Relief Scheme . . . 1,022,524

227,902 Loans for provision o f utility services . 200,784

15,699

1,207,090

M iscellaneous . . . . 20,686

1,243,994

1,533,722 Cash in hand . . . . 501,680

905,242,074 917,527,968

Liabilities

904,535,021 C om m onw ealth o f A ustralia . . 916,962.793

C reditors—

352,529 D eposits and fees received in advance .

A m ounts withheld from contractors

331,594

pending expiration o f m aintenance

105,001 periods and com pletion o f m aintenance 101,258

135,037 M ortgagors’ and transferors’ equities . 131.929

90,748 T rust Funds . . . .

23,738

707,053

M iscellaneous . . . . 394

565,175

905,242,074 917,527,968

J. B. E l l i o t t

Director (Finance)

18

K. D . A . M e d b u r y

Director of War Service Homes

APPENDIX B—STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30 JUNE 1970 IN RESPECT OF OPERATIONS OTHER THAN INSURANCE UNDER THE WAR SERVICE HOMES ACT

1968-69 Receipts 1969-70

$ $ S $

Funds advanced by the C om m onw ealth for 50,000,000 provision o f W ar Service homes . . 55,000,000

72,395,398 Instalm ents— Principal and interest . 77,392,779

O ther—

1,473 Rent from properties let or leased . 1,202

R epaym ents o f advances m ade for the

32,694 provision of utility services . . 39,657

190,522 Proceeds from the sale o f land . . 92,207

1,510 M iscellaneous . . . . 385,197*

■■-.......... - 72,621,597 77,911,042

W idow s’ Relief Scheme—

116,309 Funds advanced by the C om m onw ealth . 107,481

50,699 Repaym ents of assistance . . 55,570

167,008 163,051

122,788,605 133,074,093

* This figure includes $384,673 in respect of recoveries for technical and legal services which in previous years wete credited against administrative expenses. In 1968-69 the amount so credited was $354,946.

1968-69 Paym ents 1969-70

$ $ S S

E xpenditure on the provision o f W ar Service hom es—

5,107,721 Erection of hom es . . . 6,075,558

22,676,094 Purchases o f previously occupied hom es . 23,884.964

11,208,646 Purchases o f new homes . . . 11.491.955

7,901,757 Discharges o f pre-arranged mortgages . 9,297.420

M iscellaneous expenditure on m aintenance of hom es, provision o f additional accom -m odation, purchase and development of

3,296,304 land, etc. . . . . 4,250,103

- 50,190,522 55,000.000

167,008 Expenditure under W idow s’ Relief Scheme . 107,481

72,431,075 Paym ents to Consolidated Revenue Fund . 77,966,612

122,788,605 133,074,093

J . B . E l l i o t t

Director (Finance)

K . D . A . M e d b u r y

Director of War Service Homes

19

APPENDIX C—COMMONWEALTH OF AUSTRALIA ACCOUNT AT 30 JUNE 1970 $ Balance at 30 June 1969 . . . . . . . . 904,535,021

A dd F unds advanced by the C om m onw ealth for the provision o f W ar Service hom es 55,000,000 Interest charged by D irector on outstanding loan balances . . . 34,175,800

F u n d s advanced by the C om m onw ealth for the provision o f assistance under the W idows’ R elief Scheme . . . . . . . 107,481

Liabilities transferred from State Housing Com m issions in respect o f homes built under the C om m onw ealth/State Housing agreements . . . . 666,005

Fees charged to applicants in respect o f technical and legal services . . 387,594

Profit on sales o f land . . . . . . . . 64,533

Profit on sales o f house property . . . . . . . 1,316

M iscellaneous earnings and recoveries . . . . . . 417

994,938,167

Less Paym ents to C onsolidated Revenue Fund of— $

Instalm ents— Principal and interest . . . . 77,392,779

Rents from properties let or leased . . . . 1,202

R epaym ents o f advances m ade for utility services . . 39,657

Proceeds from sales o f land . . . . . 92,207

Recoveries—Technical and legal fees . . . . 384,673

Repaym ents— W idows’ Relief Scheme . . . . 55,570

M iscellaneous receipts . . . . . . 524

Bad debts for interest, fees, etc. . . . . . . .

M iscellaneous losses . . . . . . . .

A djustm ent— Balance o f adm inistrative assets transferred to the D epartm ent of Housing . . . . . . . . .

$

77,966,612 5,855 2,380

527

77,975,374

Balance at 30 June 1970 . . . . . . . . 916,962,793

J . B. E l l i o t t

Director (Finance)

K. D. A . M e d b u r y

Director of War Service Homes

20

93

APPENDIX D—WAR SERVICE HOMES INSURANCE SCHEME—BALANCE SHEET AS AT 30 JUNE 1970

A s at

30 June 1969

Assets

As at

30 June 1970

$ $ $

Investm ents in C om m onw ealth securities (at cost) . . 1,122,012

1,126,722 Investm ents— O ther . . . . . . 24,043

1,146,055

60,704 Sundry debtors and prepaym ents . . . . 50,215

A ccrued interest on investm ents . . . . 9,954

329 C ash in hand . . . . . . . 46

60,215

1,187,755 1,206,270

Liabilities

$

G eneral Reserve—

S S

709,771 Balance at beginning o f y ear. . . . . 520,762

189,009 Less—Deficit transferred from Incom e and Expenditure State-m ent . . . . . . 41,295

520,762 479,467

484,977 Provision for unexpired risks . . . . . 544,638

181,974 Provision for outstanding claims . . . . 182,055

42 Sundry creditors and accruals . . . . . 110

1,187,755 1,206,270

J. B. E l l i o t t

Director (Finance)

K. D. A . M e d b u r y

Director of War Service Homes

21

APPENDIX E—WAR SERVICE HOMES INSURANCE SCHEME—INCOME AND EXPENDITURE STATEMENT FOR YEAR ENDED 30 JUNE 1970

1968-69 Income 1969-70

$

970,423 391,967 Prem ium s received . . . . . .

Add— Provision at 30 June 1969 for unexpired risks . .

$

1,088,672 484,977

$

1,362,390 484,977 Less- Provision at 30 June 1970 for unexpired risks . .

1,573,649 544,638

877,413 Prem ium s earned . . . . . .

Incom e from investm ents including accruals . . .

1,029,011 109,568

877,413 189,009

T otal incom e . . . . . .

Add— Deficit transferred to G eneral Reserve . . .

1,138,579 41,295

1,066,422 1,179,874

Expenditure

650,095 181,974 Claims paid . . . . . . .

Add—Provision at 30 June 1970 for outstanding claim s .

621,889 182,055

832,069 239,954 Less— Provision at 30 June 1969 for outstanding claim s .

803,944 181,974

592,115 384,106

90,201

Adm inistrative expenses . . . . .

C ontributions to Fire Brigade Boards (including proportion of prepaym ents applicable to current year) . . .

621,970 464,615

93,289

1,066,422 T otal expenditure . . . . . 1,179,874

J . B . E l l i o t t K . D . A . M e d b u r y

Director (Finance) Director of War Service Homes

22

APPENDIX F

9 b

A uditor-G eneral’s Office C anberra A.C.T.

28 Septem ber 1970

The H onourable the M inister for H ousing, Parliam ent House, C a n b e r r a, A.C.T.

D ear M inister,

The D irecto r o f the W ar Service H om es Division, in com pliance with section 50b (2.) o f the W ar Service H om es Act 1918-1968, has subm itted for my report the following financial statem ents prepared in the form approved by the T reasurer in pursuance o f the provisions of section 50b (1.)—

(а) B alance sheet as a t 30 June 1970 in respect of operations other th an insurance under the W ar Service H om es A c t;

(б) Statem ent o f Receipts and Paym ents for the year ended 30 June 1970 in respect of

operations o ther than insurance under the W ar Service Homes A ct;

(c) C om m onw ealth o f A ustralia A ccount at 30 June 1970;

(d) W ar Service Hom es Insurance Scheme Balance sheet as at 30 June 1970;

(ie) W ar Service H om es Insurance Scheme Incom e and E xpenditure Statem ent for year ended 30 June 1970.

1 now re p o rt in term s o f section 50b (2.) of the W ar Service Hom es Act 1918-1968 that, in my opinion—

(а) the accom panying financial statem ents are based on accounts and financial records kept in accordance with the A ct; and

(б) the statem ents are in agreem ent with the accounts and financial records and show fairly the financial operations o f the D irector under the Act.

Y ours faithfully,

V. J. W. SK E R M E R

■ A uditor-G eneral for the C om m onw ealth

23

APPENDIX G—SUMMARY OF OPERATIONS FROM 1 JULY 1969 TO 30 JUNE 1970, HOUSING AGREEMENTS WITH THE STATES

State

No. of applications received

No. of applications approved

Homes placed under construction

Homes remaining under construction at 30.6.69

Ordinary Group Total Ordinary Group Total j

New South Wales .. .. 4,214 2,745 368 40 408 176 39 215

Victoria .. .. .. 2,780 2,006 220 220 91 1 92

Queensland . . . . .. 1,746 1,144 154 31 185 52 13 65

South Australia .. .. 836 564 5 5 3 3

Western Australia .. .. 922 535 85 8 93 34 8 42

Tasmania .. .. .. 314 181 6 6 4 4

Australian Capital Territory . 114 96 6 6 5 5 Northern Territory . . 13 4 New Guinea . . .Norfolk Island . . . I 1 ■ ■Total . . . 10,940 7,276 844 79 923 36561426Notes: {a) Applications approved includes a number of pending applications carried forward from the previous year. APPENDIX H —SUMMARY OF OPERATIONS FROM INCEPTION TO 30 JUNE 197(1 HOUSING AGREEMENTS WITH THE STATES

Building applications

State

No. of

cations received

No. of

cations approved

Approved tenders

Tenders called— Not finally dealt with

Contracts let— Work not yet started Homes under construction

called

Ordinary Group Total Ordinary Total Ordinary Group Total

New South Wales . 191,937* * 102,604f 71 29 10 39 43 30 73 176 39 215

Victoria . . 147,071 92,069 2 44 44 41 41 91 1 92

Queensland . 72,926 44,204 32 21 8 29 18 18 52 13 65

South Australia . 52,111 31,105 2 2 3 3

Western Australia . 55.047 31,165 51 17 17 34 34 34 8 42

Tasmania . .

Australian Capital 17,404 7,984 1 1 4 4

Territory . 2.260 1,519 5 5

Northern Territory 288 97

New Guinea . 74 29 . .

Norfolk Island . 13 6 1 1

"

Total . 539,131* 310,782t 156 113 ,8 131 138 30 168 365 61 426

(a) The Transfers and Resales shown above do not include 6,842 transactions in respect of Civilian Purchasers. (b) Applications approved (310,782) do not include 75 homes erected shortly after inception of operations under the War \\ Service Homes Act and sold on the open market; 4 group homes completed; 1 home purchased; 61 Group Homes under !| construction; and 18 Group Homes for which tenders had been called at 30 June 1970 but had not been allotted at that date.

* Includes an adjustment of 12 applications for Norfolk Island, t Includes an adjustment of 5 applications for Norfolk Island.

24

97

XCLUDING OPERATIONS IN RESPECT OF HOMES BUILT UNDER THE

Homes completed Homes

purchased Mortgages discharged Transfers

resales

Dual

assistance Homes enlarged State

r dinary Group Total

298 6 304 1,833 364 181 25 New South Wales

200 200 1,249 362 128 6 Victoria

130 41 171 730 187 67 4 Queensland

4 4 388 116 59 South Australia

69 69 234 151 21 Western Australia

6 6 127 32 14 3 Tasmania

3 3 80 9 1 Australian Capital Territory

2 4 Northern Territory

New Guinea Norfolk Island

710 47 757 4,643 1,225 470 39 Total

ib) The Transfers and Resales do not include 22 transactions in respect of civilian purchasers.

INCLUDING OPERATIONS IN RESPECT OF HOMES BUILT UNDER THE

Homes completed

Homes purchased Mortgages discharged

Transfers

resales

Dual

assistance Homes enlarged

Arrears o f instal­ ments at 30 June

Average amount of arrears State

1970 account

rdinary Group Total

6,802$ 3,339 30,141$ 51,870§ 12,634 7,043 19 220

$

350,997

$

5.24 New South Wales

9,459 2,056 21,515 48,944 14,416 6,505 56 137 241,901 4.40 Victoria

0,944 1,019 11,963 23,655 3,359 4,952 12 101 110,840 4.44 Queensland

0,679 1,293 11,972 13,392 2,852 2,756 17 41 39,715 2.38 South Australia

0,895 3,280 14,175 10,255 3,858 2,616 10 45 52,523 2.87 Western Australia

2,598 525 3,123 3,262 831 708 5 17 14,298 3.43 Tasmania

332 28 360 1,018 76 47 13 II II Australian Capital

Territory

25 25 26 38 5 2 389 7.95 Northern Territory

3 3 4 21 1 13 1.19 New Guinea

4 4 1 II II Norfolk Island

; 1,741$ 11,540 93,2811 152,427§ 38,085 24,632 119 577 810,676 4.35 Total

. Applications approved (310,782) include 969 cases (593 for purchase of existing properties, 246 to discharge mortgages, 0 transfers and resales, 1 dual assistance and 9 to enlarge homes) approved but not settled at 30 June 1970, which are not own above.

t Includes an adjustment of 4 homes for Norfolk Island. § Includes an adjustment of 1 home for Norfolk Island. || Included in New South Wales.

25

APPENDIX J—SUMMARY OF OPERATIONS IN RESPECT OF HOMES BUILT UNDER THE HOUSING AGREEMENTS WITH THE STATES FROM 1 JULY 1969 TO 30 JUNE 1970

N um ber o f i Number o f

State applications

received

applications approved

purchased

N ew South W ales . . 51 51 49

V ictoria . . . 25 19 20

Q ueensland . . .

South A ustralia . .

18 8 8

W estern A ustralia . .

T asm ania . . .

A ustralian C apital T erritory . N o rth ern T erritory . .

New G uinea . . .

N orfolk Island . .

23 12 12

T otal . .

•

117 90 89

APPENDIX K—SUMMARY OF OPERATIONS IN RESPECT OF HOMES BUILT UNDER THE HOUSING AGREEMENTS WITH THE STATES FROM INCEPTION TO 30 JUNE 1970

State

Number o f applications received

Number o f applications approved

H om es purchased

New South W ales . . . . 2,259 1,717 1,693

Victoria . . . . . 694 409 409

Q ueensland . . . . . 91 54 53

South A ustralia . . . . 162 156 156

W estern A ustralia . . . . 426 332 332

T asm ania . . . . .

A ustralian Capital T erritory . . .

N o rth e rn T erritory . . . .

N ew G uinea . . . . .

N orfolk Island . . . .

Total . . . . 3,632 2,668 2,643

N o te : A p p lic a tio n s a p p ro v e d in c lu d e 2 5 cases a p p ro v e d b u t n o t se ttle d a t 3 0 J u n e 1970.

26

APPENDIX L—AVERAGE COST OF HOMES ERECTED The average cost o f hom es erected under the W ar Service H om es Act during 1969-70 as com pared with 1968-69, covering b oth land and dwelling-house, was as follows:

N .S. W. Vic. Qld S.A . W .A. Tas. A .C .T. N .T.

$ % $ $ $ $ $ $

Dw elling-house only— 1968-69 . 9,691 10,319 11,659 11,003 11,005 8,839 12,855

1969-70 . 10,464 10,647 11,889 14,527 10,621 8,595 17,732

Land only— 1968-69 . 2,487 2,329 1,097 1,066 1,605 1,458 *

1969-70 . 2,951 2,334 1,613 2,163 1,953 1,143 *

Dw elling-house and land— 1968-69 . 12,178 12,648 12,756 12,069 12,610 10,297

1969-70 . 13,415 12,981 13,502 16,690 12,574 9,738 *

Increase or decrease in 1969-70 in cost of dwelling-house + 773 + 328 + 2 3 0 + 3,524 - 3 8 4 244 -1 4,877

Increase or decrease in 1969-70 in cost of land . . + 464 + 5 + 516 + 1,097 + 348 - 3 1 5

* Leasehold land only.

Notes: (a) Three homes only were erected in the Australian Capital Territory during the year 1969-70. (b) Four homes only were erected in South Australia during the year 1969-70. . (c) Six homes only were erected in Tasmania during the year 1969-70. (d) The average cost of land includes some allotments made available from land owned by the

Director. This land is made available at cost price which is usually substantially less than its current market value.

APPENDIX M—AVERAGE COSTS OF HOMES ERECTED SINCE 1 JULY 1959 The average costs o f hom es erected under the W ar Service Homes Act each year since

1 July 1959, covering b o th land and dwelling-house, were as follows:

New South Wales

Victoria Queens­ land South Western

Australia Australia Tas­ mania

Aus­ tralian Capital Territory

Northern Common- Territory wealth

S s S S S s S s S

1960-61 . 9,006 8,512 7,478 9,300 7,524 7,416 12,750 7,476 8,526

1961-62 . 8,480 8,916 7,178 9,996 7,964 7,950 15,056 8,481

1962-63 . 9,836 9,912 8,732 10,396 9,484 8,738 13,450 10,022 9,693

1963-64 . 10,106 10,198 9,384 10,752 9,850 8,822 14,776 10,060

1964-65 . 10,446 10,466 9,404 11,810 9,968 8,736 10,962 10.186

1965-66 . 1 1,132 10,712 9,926 12,500 9,658 10,259 12,436 10,643

1966-67 . 10,734 10,619 10,366 12,246 11,700 9,983 13,486 9,493 10,812

1967-68 . 11,388 12,102 10,665 10,427 11,705 10.031 13,161 8,767 11,487

1968-69 . 12,178 12,648 12,756 12,069 12.610 10,297 12,855 12.485

1969-70 . 13,415 12,981 13,502 16,690 12,574 9,738 17,732 13,243

* Leasehold land, capital cost of construction of dwelling-house only.

27

APPENDIX N—AVERAGE COSTS OF ALL DWELLING-HOUSES BUILT OR FINANCED DURING THE YEAR 1969-70

T he average costs o f all hom es built o r financed under the W ar Service Hom es A ct during 1969-70, covering both land and dwelling-house, were as follows:

Type o f assistance N .S.W . Vic. Qld S.A. W.A. Tas. A.C.T. N.T. Cwlth

To build . . . 13,415* 12,981 13,502 16,690 12,574 9,738 17,732t 13,243

Purchase—new homes . Purchase—previously oc-15,500 13,386 12,205 12,986 16,363 12,289 18,947 20,000 14,212 cupied homes . . 14,633 12,910 11,504 12,213 15,472 11,698 17,777 8,860 13,497

Discharge of mortgage . 18,561 15,702 14,757 15,746 17,091 15,014 25,113 18,549 16,640 Transfer and resale .

To purchase homes built 11,971 11,024 9,428 10,577 13,974 8,498 11,117

under the Housing

Agreements with the States . . . 7,672 9,192 7,300 10,021 8,297

Total . . 14,926 13,381 12,220 12,958 15,502 12,057 18,926 17,176 13,940

* Excludes 15 homes built on leasehold land. t Leasehold land, capital cost of construction of dwelling-house only.

Note: {a) The average cost shown for Discharge of Mortgages are based on the valuation of land and dwelling-house as details of actual cost are not available.

23648/70

28