Sessional_Paper_1905 — Page 692

614

Statement "E."

AGREEMENT BETWEEN GROSS RENTALS AND CASH RECEIVED HOWARD'S

GODOWNS, FROM 1885 TO 30TH JUNE, 1898.

Gross Rentals.

Cash Received.

Year.

(.

· C.

1885.

1,373,73

1,165.07

1886,

7,821.83

6,740.51

1887,

+

14,212.05

14,209.75

1888,

16,157.18

16,054.03

1889,

16,472.46

16,402.53

1890,

15,323.12

15,233.82

1891,

...

15,102.42

15,562.69

1892,

16,516.19

16,716.93

1893,

14,494,89

13,311.36

1894,

17,508.42

15,805.37

1895,

18,276.31

19,396.46

1896,

12,451.22

12,908.18

1897,

12,954.40

13,014.42

1898,

5,159.35

5,323.78

$183,823.57

$ 181,844.90

Deduct-

1889,

Bad Debts,

1890,

1895,

C.

400.95

139.42

89.09

629.46

Add-

1898,

Rents due 30th June, 1898, ...

2,806.68

$ 184,651.58

Deduct

$ c.

1887,

Money advanced,

799.54

1886,

514.68

"

**

Insurance Bonuses,

56.81

1886,

Cash advanced,.....

·36.44

1890,

Cash from Mr. Lasch,

50.00

A 2.

1,457.47

$ 183,194.11

$ 183,194.11

Valuation by Mr. W. Danby.

Re Stephens and Howard's Godowns-Marine Lot 184.

HONGKONG, 10th, June 1905.

Report and Valuation on claim to compensation under the Praya Reclamation Ordinance, 1889, Section 8, Clause 6, for alleged injury sustained by Claimants as non-assenting Crown Lessees, by reason of the Reclamation being constructed in front of their Lot.

1. I have been well acquainted with this Lot for many years past, having first surveyed it on the 25th January, 1876, when I was in the. Public Works Department, for the purpose of a new Crown Lease, the then Crown Lessee having been found in the occupation of considerably more ground than he was entitled to.

2. The new Lease was, however, not issued till the 13th September, 1884, Mr. M. J. D. Stephens then being the Crown Lessee, he having purchased the Lot from the Hongkong and Whampoa Dock Company for $65,000 (or at the rate of about $2 per square foot). Mr. M. J. D. Stephens subsequently (1886) assigned an undivided moiety of the Lot to Mr. Thomas Howard for $32,500. The area of the Lot at the time of the issue of the new Lease was 32,820 square feet.