COPY.
Enclosure 1.
C.O.
207
3189
Rrd 27 JAN 13
Rate.
New Government Offices. Details of claim for Delay by Government.
1. Wages for tradesmen, foremen, clerks in- -cluding superintendence as stated in our letter dated 31.8.09. From 13.10.
08 to 12.3.10 × 16 months & 25 days.....say 16 months @ $850.00 =/3,600.00
2. Security $20,000.00 title deeds
Interest at 1% per month..
Retention Money 830,000.00.
Interest at 1% per month..
4. Interest on value of materials on site (unfixed by reason of delay) and as measured-up by Mr. Goldsmith to Oct.1909, valued at $76,800 for 10 months equalling 87,680 per month at 1% per month compound interest
5. Interest on value of work done and not
measured up and paid for till 27 months after completion. Total estimated shortage of payments $100,000.00 equal to $3,700.00 per month for 27 months at 1 % p.m. compound interest
6. Interest on capital $20,920 balance of
work done remaining unpaid from 1.6.11 to 30.9.11,say 4 months at 1% per month
16
@ 100.00 =
1.600.0
.16
1
@ 300.00
A
44. Do0,00
=
****
44.35727
1527574
4
@ 209.20 = 836.86
Total.
840469.81
Actual amount to be governed by actual date of payment.
(Sd.) Sang Lee & Co.
Yu Tin Sam.
29.9.11.