635
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A-It was not built by my Firm, but by Palmer & Turner.
Q-Are there any other Godowns you can tell us of that were built at that time ?
1896.
A-I do not know when Mr. Sharp built. It was either in 1894, 1895 or
Don't you know of 179 ?
A—179, 180 and 181, they were all Godowns. I do not know when they were finished.
Q-These Godowns are all on the Sea front?
A-Yes; all of them.
Q-186 is on the Old Praya?
A- No. The new Godowns are on the New Praya.
Q-185-how about that?
A-That is on the New Praya.
Q-246--can you tell us anything about that?
Q-You must have known at the time you made this Report that a lot of Godowns had been recently opened up ?
less?
A-Yes.
Q
-And you honestly believed that for Godown purposes, Lot 184 was use-
A-Yes.
Q-And that was why you valued the Lot at $2.50 per foot ?
A-Yes.
Q-I think that the Report on silting was made by Mr. Leigh?
A-Yes. I do not know about it.
Q-There is only one more question which I will put to you; it is a matter of principle. On your Valuations 2 and 3, should not the amount have been capi- talised at 6 per cent. instead of 7 per cent.?
A-It is quite a matter of opinion. Looking at the present state of the money market, I would probably make it 7 per cent. instead of 6 per cent. You never know; I would perhaps make it 7 per cent.
Q-And how did you work out your deductions; who gave you the figures?
A-I think they are Mr. Howard's figures.
Q-Is that so?
A-Yes.
Q-Don't you think wages of $1,200 for the year is rather small wages to pay for the carrying on of a Godown business?
A-Yes.
Q-You would not expect a Godown business to be carried on for $100
per month?
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