Science and City Suburbs 



and peace which comes when a cottage is set in 

 a garden. The care of the garden, with any profit 

 which may accrue, will fall to the man who with 

 his family will reside on the lower floor. 



A considerable portion of this part of the estate 

 will be worked on the principle of the Co-operative 

 Tenants Housing Council, which by its organisa- 

 tion places within the reach of every member of 

 the working population the opportunity of owning 

 his own house. 



The methods of the Society are briefly as 

 follows : 



To acquire or erect substantially-built houses, 

 provided with good sanitary and other arrange- 

 ments for the convenience of tenants. 



To let houses at ordinary rents ; to pay a 

 moderate rate of interest on capital ; and to divide 

 the surplus profits (after providing for expenses, 

 repairs, depreciation, &c.) among the tenant mem- 

 bers, in proportion to the rents paid by them. 



Each tenant member's share of profits is 

 credited to him in shares instead of being paid 

 in cash. 



The advantage to the tenant member is ob- 

 vious, in that he is entitled out of the profits of 

 a half-year to receive a dividend on the rent paid 

 by him during that period. 



But the system operates to the advantage of the 

 capitalist, though the investing shareholder does 

 not receive an excessive return on his capital. 



(a) The greater the surplus profits, the greater 

 the security for the regular payment of the interest 



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