Tolmers Village Association exhibition panel, 1974

PANEL TEXT

Central government

Compulsory Purchase Orders (CPOs)

The Minister of the Environment has the right to reject a CPO proposed by any Council.
At present he rejects 9 out of 10.
In 1965 he rejected a CPO by Camden for the whole of the area on grounds of cost. This forced the Council to try to do a deal with the developers to finance their housing scheme.
New tory minister Geoff Ripon says he would do the same. The land is now twice as valuable.
What will the next minister do?

Curb on office development
Since last December the government has stopped issuing office development permits (ODPs). Nobody knows how long this will last.
This could mean the end of both the Levy and Claudius deals, unless a tenan can b e found who already holds an ODP.

Corporation Tax
The new corporation tax means that the developer’s profit would be cut by 40%. Stock Conversion would only make £12 million instead of £20 million.
This might not apply to non-profit companies like Claudius.

Property speculation
Speculation is one of the main causes of the plight of Tolmers Square.
And yet the Government still refuses to curb the speculators.
Landlords are still permitted to leave property empty and allow it to decay.
The local community has no say about this.
Vast profits made by buying and selling land mean Tolmers Village is thought of in terms of profit not people.
Houses will continue to fall down.
People will be trapped in bad housing.
Local trade cannot develop
The community will continue to fall apart
The people of Tolmers Village must put forward a plan of action now.

• Photographer
  Ken Morgan
• Media
  Photograph
• Year
  1974
• Collection
  Exhibition