4
157
On the 17th September 1899, whom the Lot had been declared by the Reclamation in front of it. Messrs Palmer (Surveyors, Architects and Auctioneers) made a Report and Valuation for an intending purchaser, and gave the value of the land at $1.50 per foot. Thus the depreciation since Governor Dew's Year's Valuation was $3.50 per foot.
10. On the 25th December 1878, Messrs. George Oliver, Frolighter and Furbank, formerly in the Government service and well acquainted with the value of land and buildings, valued the Property in three different stages affirming these declarations. Report under Statutory Declaration at $289,000 in the year 1895, and at $86,202 in the year 1899.
11. They were fortunate enough to plot Property for the purpose of a Soda Water Manufactory at $110,000, which being deducted from $252,000 leaves $142,000 as depreciation. But the true test of depreciation is the actual sale of the house and old Shawan Lots, and as already stated, the house Lot with an area of 18,300 feet sold for $133,500, and at this rate the old Lot with an area of 32,457 feet would have a value of $235,277. To this add $55,000, the estimated value of the buildings thereon before depreciation, making a total value of $340,277, from which deduct the sale price of $110,000, and the result is a deficiency of $230,277 as against $131,367 found by the Hong Kong Government.
13. From the above it will be seen that the Hong Kong Government has practically failed in its investigation regarding depreciation.
4
157
ི
ཝཱབྷཱཝཱ སོརཾ དཛྫཱཝ ཙཀཱ ཝཙབྷཙཱ ''ཝཱ, ཙམྨཱདེཎདྡྷཏི ?
क
དན་འོག་
་་་་་
ན་ཉམས་པོ་དང་ལོ་
,000, Hall
همه
J. On the 17th September 1899, whom the Lot had been deftroidhet by the Reclaration in front of it. Genes Pelmer (farners, Architects and Garungous, made a Report and Valuation for an intending purchases, and gaus the value of the land at $1-50 per fort: Thus the depreciation fince Governor Dew Year's Valuation was $3.50 pe foot:
10. On the 25th Decombe 1878, Shever, Zorghe 10range, Frolitate and Furanfors, formerly in the Government services and well acquainted with the value of land and building
buildings Calings, whither as Ikarim. Lots or as Ikland Cote, valued thei Property in three different to age affirming these belscation. Report under Statatou Hear Edt at $289,000 in the at $86,202 in the year 1899.
Declaration,
& gar
a
To balia aba
year 1895, and es on Orland Park-
11. the were homes, fortunate enough to plott Property for the purporn of a Foda Water Manufactory at $110,000, which being deducted from $252,000 loams $1472,000 as depreciation. B. But the true test of depreciation in the actual paler of
the how and old Shawne Jots, and as al
already stated, the how Lot-wrth an area of 18300 feet fold for $133,500, and at this pake the old fot with an area);
area of 32,457 fast towuld have a value of $285.277 there it still, a thorin fet, to which add $55,000, the got mated value of the buildings thereons before depreciation and the hour à total value of $340.277, froon which deduct the pale price of $110,000, and the facult in deficiency of $230.274 as against $131,367 found th Hongthing Grainment.
13. From the door it will be paon that th
th
6. Hongling Govern
aste a
has piqually failed in it investigation.
in it investigation. art depreciation,
No comments yet.
Private notes are available after approval.