T venture to suggest that the most difficult calculations which ceeur in Shanghai are valuations of property having: river frontage, 'The rental basis if taken without considerable qualification—would sometimes lead' to incongruous sults.
Depth of water, length of front~ age in regard to berthing steamers, general azcessability have all im= portant bearing on the value.
The limited number of river-side lots and the fact that they are most ly very tightly held, all tend present great difficulties in-the way of arriving at a true value, Pose sibly the records of recent sales if available are a more useful guide ty valuers under this heading than they would be in most eases, but it important mot to become too optimistic and ignore the net rental basis altogether or in the case of jo slump, we should be left with very tittle to justify our values, Voluing for Trustees ning for trustees who wish ance money on mortgage, the surveyor incurs a serious responsi bility and not more than two-thirds of the value should be recommend ed_as x loan, The Trustee Act 1893 section eight reads as follows 'A. trustee lending money on. the security" of ang" property on which he nwt end sal of be charge thie "with breach-of-teust by the proportion. borne Uy. the: Simount of the foun te. the value of the Wroperties atthe time when the fee Mra ade proved that it appears
Text read from the printed page and cleaned; old type leaves the occasional error.