Breakdown of Chinese claim for requisitioned Railway Material. Valued at £323,689. 10s. Od. re-assessed by the War Office at 185.847. Us. Ud.
British figure
Reason for de-valuation.
Invoice No.
Chinese figure
003 (7 ocomotives)
£. 9. d.
35,312. 0.
£.
S.
0.
9,522. 0.
0.
004
(Wagon Material)
207,927. 10.
0.125,500. 0.
0.
006 (Railway Wagons)
67,750. 0.
0.
43,700. 0.
0.
007 (5 Locomotives)
9,200. 0.
0.
5,325. 0.
0.
008
(1 Crane)
3,500. 0.
0.
1,800. 0.
0.
Total
£323,689. 10.
0.£185,847.
0.
APPENDIX 'A'
38
Two Skoda locomotives 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 - Our valuation is £12. 10s. 0. (approximately) per ton.
This claim 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 assessed their claim at the original cost of the
The local valuation as it stood was £1,800 which is considered fair and
orane.
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 for on our records. Therefore, until evidence is submitted by the Chinese which substantiates the claim, it cannot be included for settlement.
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