6
(2). Value of the godowns according to capacity, with $10 per c
added:-$283,250.
(3). Value according to the rentals received in the year 1895, with $
per cent added for compulsory sale, $282,332.
7
No. 2.
261
0.0.
SC02 READ && Red 15 APR 19
and that their estimate of the Lot as an Inland Lot to which it has been reduced
PROVISO (contained in Crown Lease of Marine Lot No. 184) for resumption by the Crown, $86,000. This amount deducted from the lowest value of the Lot as a Marine Icessors and assigns shall have full power to resume, enter into and retake possession of all or any part No.10 Provided also and it is hereby further agreed and declared that Her said Majesty, her heirs Petition leaves $153,805 as the least injury which your Petitioners have sustained undongkong, or for any other public purpose whatsoever, Three Calendar Months notice being given to
Paragraph the Reclamation Ordinance, and which amount should be paid to them by the said Matthew John Denman Stephens his executors Administrators and Assigns of its being so the premises hereby expressed to be demised, if required for the improvement of the said Colony of Government as compensation, with Interest from 1895, less the net rent
quired and a full and fair compensation for the said Land and the Buildings thereon being paid to the received by your Petitioners since that year.
Matthew John Denman Stephens his heirs executors administrators or assigns at a valuation to be rly and impartially made by the Surveyor of Her said Majesty ber heirs successors or assigns and on the exorcise of such power the term and estate hereby created shall respectively cease determine and
38.-Messrs. LEIGH and ORANGE'S valuation can be supported by othe void.
if necessary.
39.-Your Petitioners therefore submit that the Award of Major Gener BLACK is void because it was an arbitrary act not based on any evidence appl cable to cases of compensation, because it is against the weight of evidence su mitted to the Government by your Petitioners, which evidence was never dispute and by reason of its being unjust to your Petitioners.
40.-Your Petitioners are willing to refer the matter to arbitration eithe in England or in Hongkong as to you may seem best. Your Petitioners therefong humbly pray
1.-That under the above circumstances and inasmuch a the method of compensation provided by the Pray Reclamation Ordinance, 1889, has proved a failur you will direct that the compensation to be paid to your Petitioners, if not agreed to between you Petitioners and the Government, be ascertained by Arbitration in the usual manner, either in England or Hongkong.
2.-That a local Ordinance may be passed to provide when Her Majesty's Lessees are disturbed in the enjoyment of their Crown Leases, legal means for ascertaining the amount of compensation to be paid for any such disturbance, similar to the means provided in England under the Lands Clauses Consolidation Acts.
3.--Such other relief as the nature of the case may require
and
deem right and just to your Petitioners. you may
I.D.
Matthew. I. D. Stephens
Trong trong February 222 1899
The Howard
No. 3.
HOWARD'S GODOWNS
WORKING ACCOUNT or GoDownS ON MARINE LOT No. 184, being copy of Statement taken by Petition local Auditor, Mr. NICOLLE, on the 7th July, 1898.
Paragraph
No. 26
Crown Rent.
Rates.
Charges. Insurance Wages. Repairs. Total
Gross Expenses. Rentals.
part.
1885 part.
$452.58 1.879.73
2,206.71 7,821.83
$76.48 75.10 301.00
1886 $124.50 $ 574.40 785.43 170.54 1,262.00 $89.84
1887 $249.00 $816.40 $263.18 $135.20 $1,716,00 $ 24.75 $3,194.58 $14,212.05 1888 249.00 871.00 345.19 97.70 1,327.00 77.90 2,967.79 18,157.18 1889 249.00 858,00 262.94 77.42 994.00 15.80 2,447,16 16,472.46 1800 249.00 258.00 258.03 97.70 1,017.00 30.44 2,510.17 16,323.12 1891 249.00 858.00 225,60 82.42 1,020.00 184.00 2,619.02 15,102.42 1892 249.00 858.00 241.86 85.45 1,031.00
2,465,31 16,516.19 1893 240.00 858.00 267.31 95.45 1,309 00 23.75 2,602.51 14,494.89 1894 249.00 .858.00 369.11 95.45 1,111.00 93.48 2,770.04 17,508.12 1895 249.00 858.00 269.46 95.75 1,200.00 197.21 2,869.42 18,276.81
1896 $249.00 $858.00 $237.40 8 71.37 $1,200.00 $246.75 $2,662.52 $12,451.22 1897 249.00 858.00 236.68 -90.50 1,200.00 39.44 2,673.62 12,954 40
part.
1898 249.00 429.00 98.26
600.00 61.13
5,159.35
1st February, 1899. the Reclamation is now being carried on in front of the Godowns, and gross rent for January, 1899, was only $471.74, from which the cost of earning has to be deducted.
The rent now offered for the whole of the Godowns is only $300 per month, owners paying rent and Insurance,
THOMAS HOWARD.
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