The Archive · 1935

Property Securities

The Association was approached last} year regarding the matter of checking properly securities. Tile "deeds! hypothecated as security may in some instances not show the correct area, owing to land surrenders to the Shanghai Municipal Council for road widening purposes, as the reduction in area is not always endorsed on the title deed. This, you will realize a matter of importance, especially in regard to properly on which mortgage loans are required, also when this type of security. is being checked for purposes of audit. Your Committee approached the Shanghai Municipal Council with a view to making it possible for the registered owner to obtain the official area any lot registered in his name. The Shanghai Municipal Council appre-elated the position and have kindly stated that they are willing at any lime to Inform the owner of the area of his Jand which is subject to Municipal taxation, upon written application being made, 'You will, perhaps, expect me to] make some' reference to the present yentai situation, but, in this connection, 1 wish to point out that, on the formation of this Association, it was laid down that "it is not our Sntention to be in any way anti tenant, and we shall have no sympathy with owners whose property is insanitary or dangerous, nor will the Association assist members in raising rents."

The Rent Question The objects of this Association are] to consider matters of a public and semi-public nature affecting reali estate and we feel that the question of rentals is entirely a matter be-

The following were elected a com-smittes for the ensuing year:—Messrs.

Barraclough, A. W. Burkill, Chollot, H. Int. Cumine, J.B. Biherington, R. H. Gordon, F. Kempton, N.'B Kent, C. P. King, R. Lock, AL'Loonis, J. R. Maughan, Ranald MeDonaid, "8. 'C._'Miskin, A. M. [Preston, LIG. "Robinson, RIN. Saker, H. Sandor, F. R. Smith, Sparke, B.A. Sykes, H. Lipson Ward,

Text read from the printed page and cleaned; old type leaves the occasional error.

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