Touching on the question of, land values in. relation. to rentals," Mr. [Peek gave the figures for the total Jassessed value of land in the Settlement for 1920, (Tls. 203,865,034, an Javerage of Tls. 10,476 per mow), for 1990, Tls. 99,071,794, an average of Tls. 27,000 per mow) and for 1933, (Tls. 756,499,920, an average of Tls. 133,878 per mow). He also stressed the point that the 1920 assessed value was much nearer the market value than lat present, so that the actual increase the value of land has been even Jereater than the figures quoted.
In calculating the capital cost of building the 1! houses the value of the and is, of course, a considerable fac-for. The cost of the building runs the same, about Tls. 1200 per unit. A Mott return of 12 per cent. is usually reckoned as the probable amount which may be expected on this class lot property, "So long as land values continue to appreciate" said Mr. Peek, "there 1s Ino. chance of seeing a reduction in rents.' of Chinese Workers 'A tour through the Western and Yangtszepoo districts, where workfers' houses and some model houses: and a nursery school operated the National Child Welfare Society, followed by lunch at the American Women's Club and addresses by Miss Cora Dong and Miss Phyllis JAyrton, formed the programme of the second day.
'A model settlement built in Chapel by the Municipal Government of Greater Shanghai, for housing squatters who had been turned " out of their "mud and. straw huts, was described by Mrs. J. Barr. A monthe ly rent for each house which consists of one room, was $2.60, these dwellings being occupied chiccly by riesha pullers. A" regulation—forbade more than six. persons to occupy one house. There was a social hall, used also as a school, in the centre of the settlement, and common wash place, with running water and stone tables.
Text read from the printed page and cleaned; old type leaves the occasional error.