.4
UC F Y.
sir.
No.z. B.
186
70, Queen's Road
Hongkong, 30th September 1898,
Re Cheong Sau deceased,
Referring to our conversation with you yesterday as to the Probate duty paid in respect of the estate of the above named deceased we have the honour to send you herewith Mr W.Danby's valuation Report from which you will see that the Testator's
leasehold estate wes on the 11th Cctober last valued by him at
$228,988. As far as we are aware the Testator was at the time of his
death possessed of no other properties in this Colony than those
A
surveyed by Vr Danby save and except Subsection A of Section 8 of Inland Lot No.87 which was sold on the 30th August 1997 for
the sum of $21.500. Therefore taking together these two sums we
mey put down the total value of his landed properties when he
died at $250.422.
On searching the Land Registers we find that the properties were encumbered to the extent of $85,000 1.3. Toland Lot No.862 was in mortgage to the Chine fire to secure $15,000 and interest et 74. Inland fot No.417 to r Poster to secure $10,000 and interest at 71/29. Inland Lot No.432 to the Hongkong Fire to secure $22,000 and interest at 7%, Marine Lot No.119 to the Procurator in Hongkong for the Dominican Vissions in the far Bast to secure $28,000 and interest * *- and the said Subsection A of Section R of Inaint Lot 37 to Mr Foster to secure $18,000. he understand from the Executors that the personal effects of the deceased amounted to only about $500. We may then for take it fort granted that after deducting the amount of encumbrances the net value of the estate was not more than $188,000. The debts of the Testator in Hongkong emounted to about $80,500 1.9, to the Bau Tak Tong $50,000 to the Sui Fung Firm $5,000 to the Fu Fung Fien
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