Valued at
Invoice No.
Chinese figure,
British figure.
d.
£
8.
003
(7 Locomotives) 35,312.
0.
9,522. 0.
0.
004
(Wagon Material)207,927. 10.
0.
125,500. 0.
¿
006
(Railway Wagons) 67,750. 0.
43,700. 0.
0.
007
(5 Locomotives) 9,200. 0. 0.
5,323. 0.
0.
008
(1 Crane)
3,500.
0. 0.
1,800. 0.
Total.
£323,689.
10. 0. £185,847. 0.
APPENDIX "A".
182
for remisitioned Railway daterial.
******ed by the War Office at £185.847. Os. Od.
Reason for de-valuation.
Two Skoda locomotives costing £23,000 have been returned to the Chinese who have agreed to the deduction of this figure.
The other 5 locomotives were in poor condition when taken over. Their residual value in 1941 was estimated at £9,522.
The Chinese have based their claim at the rate of £24 per ton which is considered most excessive Our valuation is £12.10.0. (approximately) per ton.
This claim was based by the Chinese on the 1937 valuation of the wagons which did not allow for their condition in 1941. They were re-valued by War Supplies at £43,700.
The age of the locomotives when handed over by the Chinese, deterioration due to being sided for 3 years, and the absence of spare parts, justify our re-estimation of their value.
It is understood that the Chinese assess d their claim at the original cost of the
The local valuation as it stood was £1,800 which is considered fair and
crane.
reasonable.
It should be noted that invoice No.005 for mild steel bars, plates, etc., valued at £29,769 is missing and cannot be accounted for on our records. Therefore, until evidence is submitted by the Chinese which substantiates the claim, it cannot be included for settlement.