مدن
The lists of craft under 500 tons prepared by the Reparation Claims Registration Offico contain no mention of any craft having beon requisitioned, but it is not clear whether this arises merely because such information was not relevent to a Réparations claim, or because none were requisitioned.
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SUMMARY OF SECTION A
The maximum Totential claim under Section A, on the assumption that amer's estimates of 1939 values aro all that will be paid, appears to be in the order of:-
(i) (ii)
River Steamors Forries
8,000,000 4,600,000
(iii)
Launchos and small craft
2,500,000
$15,100,000
$13,590,000.
The actual claim is likely to be less owing to recoveries, which may be put at 10%, giving a total of
This figuro should be increased (a) in the event of the values paid being higher than owners estimates of 1939 values, (b) in the event that any allowance is made for hire and (c) in respect of the interest which has accrued
25 since the liberation. This figure may bo calculated as 5 years at 5% (December 1941 - March 1947) plus 2 years at 2
A high proportion of this (April 1947 say, March 1949) or approximately 30% of the amount due, i.c. in this case $4,077,000. figure, if not the whole of it, would be enforceable by shipowners against the Hong Kong Government by legal action.
$50,600 or (iii) above has, however, actually been paid by the Navy.
Net clams $ 131⁄2 methon
bakerent in
31/3/50 Bay 1 $44/1/2
$18
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muchons
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