In the case of a compulsory sale not the ordinary market value which we have to ascertain, but the value to the owner himself which may conceivably be considerably in excess of the market value.
The valuation must cover all possible loss, and interference in the occupation or business of the owner through compulsory surrender of portion of his property must considered.
Depreciation ing land inlay occur.
The compulsory acquisition of land in Shanghai by the Municipal Council in connexion with roud widening schemes, and as the subject has been exhaustive: ly dealt with by Mr. Peebles in his Paper on "Betterment," I do no? Propose to deal with the many as. pects of this line of valuation, The outstanding feature of valuing for compulsory surrender is the fuct that the owner is compelled to sti and is therefore entitled to have the highest value placed upon hie property consistent with justice.
Szeticn 63 of the Lands Clauses Consolidated Ast, one of the Acts governing compulsory acquisition of land in England provides—"In estimating the purchase money to be paid record shall be had by the justices, arbitrators, or surveyors: as the case may be, not only to, the value of the Jand to he pur-chayed or taken, but also to the damage (if any) to be sustained bby the owner of the lands by reason the severing of the lands taken, from other lands of such owner Jor otherwise injuriously affecting such other lands."
Text read from the printed page and cleaned; old type leaves the occasional error.