Assessed Value Not the True Value: Important Ruling An issue of far-reaching imports ance to every landowner in Shang. hai was settled in the controversy, between the Shanghai Land Invest= ment Company and Shanghai Bfunicipal Council reported in the "Mfunicipal Gazette" on July 5, when the Land Commission recogniz. fact that the assessed value of land was not necessarily a fair basis'for deciding compensation for owners of compulsorily-surrendered land.
Although by one way of looking at the outcome, the Shanghai Land Investment Ca. was the loser in the dispute and there is no appeal from the decision of the Land Commission, yet Mr. N, L, Sparke, appearing for the Company, felt that a signal victory for the registered owners in having the compensation issue brought to a head,
Text read from the printed page and cleaned; old type leaves the occasional error.