The question of the number of years purchase to apply is also of he utmost importance and although probably the 7 per cent. Tables or 114.288 years purchase is the normal multiplier to tse in Shanghai, all the factors influencing the nature the property must be considered before deciding on the Year's purchase and especially: the security of the rentals.
If the property: is of a somewhat speculative character a lower number of Years' Purchase will be employed than for property let fceure leases to reliable tenants, In the cave of highly sought after lots" in the central district and im certain other cases a considerably' higher number of Years' Purchase interesting and important: point in connexion with the question of fees which often occurs is—
Should a valuer claim the same fea Hf the mortgage does not go throught as he would if it went through.
In England it is customary for surveyors to make a reduced feo when the mortgage does not 0 through. A letter has recently been Ireceived from a member raising this point, and I hope that we may get the views of other members on this matter.
Tt must be remembered that if a mortgage falls through the valuer is relieved of a very considerable responsibility and chauid therefore be prepared to accept less remuneration, In the case of a long' term mortgage it is a great safeguard the mortgagee to have periodieat reports made of the property 50
Text read from the printed page and cleaned; old type leaves the occasional error.