183
APPENDIX "A".
Breakdown of Chinese claim for resisitioned Railway daterial. Valued at $323,689, 10n. Od, re-assessed by the war Office at £185.847. Vs.
€323
Invoice No.
Chinese fi ure.
British figure,
003
(7 Locomotives) 35,312. Q
9,522. U
004
(Wagon Material)207,927. 10. O
006
(Railway agons) 67,750.
3
125,500. 0.
43,700.
100. De
3
3
007 (5 Locomotives)
9,200. 0. 0.
5,323. Ü
0.
008 (1 Crane)
3,500. O
ક
1.800. Ou
Total.
£323,689.
10. 0.
£185,847.
3
Reason for de-valuation.
183
Two Skoda locatives 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 - Lur valuation is £12,10.0. (approximately) per ton.
This clain 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 ori inal cost of the crane. The local valuation as it stood was £1,800 which is considered fair and 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 far on our records. Therefore, until evidence is submitted by the Chinese which substantiates the claim, it cannot be included for settlement.