CORPORATION LEASES

Dominion, Volume 8, Issue 2376, 4 February 1915, Page 9

CORPORATION LEASES

THE NEW AWARDS

The • awards havo been made by the arbitrators who sat recently to fix rontals. for the Corporation leases. The following statement sets out the now rental, the old rental, and rentals suggested by the lessees' valuer and the Corporation witnesses respectively:— Lessee: W. H. Turnbull, Panama Street, section 60a,-area 35ft. x 80ft., old rent £2 11s. per foot, total £89 55.; new rent, £3 Is. 4d.' per foot, total £107 6s. Bd.; valuation by lessee's valuer, £3; rental suggested by Corporation witnesses, £7 4s. to £8. W. H. Turnbull, Panama Street, section 61a, 35ft. x 80ft., old rent £2 ss. per foot, total £78 155.; new rent £3 Is. per foot, total £106 155.; valuation by lessee's valuer, £3; suggested by Corporation witnesses, £7 4s. to £8. Union Steam Ship Company, Ltd., corner Customhouse Quay,'section 153, 45ft. x 66ft. lOin., old rent £4 12s. 6d. per foot; new rent £4 12s. 6d. per foot; valuation by lessees' valuer, £3 75.; suggested by Corporation witnesses, £7 to £8 15s. Section 154, Customhouse Quay. 40ft. x 66ft. 10in., old rent £4 per footj new rent £4 per foot; valuation by lessees' valuer, £2 55.; suggested by Corporation witnesses, £6 to £8. Section 158, Johnston Street, 30ft. x 85ft., old rent £2 Is. 3d. per foot; new rent £2 ISs. 6d. per foot; valuation by lessees' valuer, £2 9s. 6d.; suggested by Corporation witnesses, £5 ss. to £6 10s. Total rent for three sections: Old, £430 2s. 6d.; new, £455 17s. 6d. * F. G. Routh, corner Featherston Street, section 108, 45ft. x 62ft., old rent £1 16s. 3d. per foot; new rent £3 12s. 6d. per foot; valuation by lessee's valuer, £2 14s. 3d.; suggested by Corporation witnesses, £7 to £8. Section 107, Featherston Street, 40ft. x 62ft., old rent £2.105, per foot; new rent £3 ss. per foot; valuation by lessee's valuer £2 6s. 6d.; suggested by Corporation witnesses, £6 to £7 Bs. 6d.; total rent for two sections, old £154 165.,' new £293 2s. 6d. Irvine and Stevenson, Brandon Street, sections 145 and 157, 60ft. x 85ft., old rent £1 19s. per foot, total £117; new rent £2 17s. Gd. per foot, total £172 10s.; valuation bv lessee's valuer, £2 9s. 6d.; suggested by Corporation witnesses, £6 to £6 15s. Chapman and Skerrett, Brandon Street, part section 105, 31ft. \x 45ft., now rent £1 11s. per foot; valuation by lessees' valuer, £1 2s. 6d.; suggested by Corporation witnesses, £3 16s. 6d. to £4 10s. Section 104, Brandon Street, 29ft. lin. 5. Soft.; new rent £3 4s. 6d. per foot; valuation by lessees' valuer, £2 18s. 6d.; suggested by Corporation witnesses, £6 to'£7 45,; total rent for two sections, old £135 155., now £141 17s. . ■ J. Kirkcaldie, Johnston Street, sec-, tions 112 and 113, 65ft. x 85ft., old rent £3 2s. 6d.per foot, total £203 2s. 6d.; new Tent £3 10s. per.foot, total £227 10s.;. valuation bv lessee's valuer, v £3 3s. 9d.; suggested by Corporation witnesses, £5 17s. to £6 10s. 6d. S. Brown, Johnston Street, section 109, 29ft. lin. x 85ft., old rent £1 13s. per foot, total £47 19s. 6d.; now rent £3 per foot, total £87 55.; valuation bylessee's valuer, £2 18s. 6d.; suggested by Corporation witnesses, £5 10s. to £6 6s. . J. B. MacEwan, Featherston Street, sections 141 and 142, 50ft. x 70ft., old rent £3 6s. per foot, total £165; now rent £3 12s. per foot, total £181' 55.; valuation by lessee's valuer, £2 12s. 6d.; suggested by Corporation witnesses, £6 to £7 ss. Murray, Roberts and Co., corner Featherston Street,. section 143, 50ft. x 70ft.;- old rent £1 10s. sd. and £2 2s. 7d. per foot, total £106 10s.; new rent £4 per foot, total £200; valuation by lessees'- valuer, £3 Is. 3d.; suggested by Corporation witnesses. £7 to £8 ss.

D.1.C., Brandon Street, section 74, 86ft.- x 85ft., old reat £1 19s. per foot, total £65 55.; new rent £119s. per foot, total £68 55.; new rent £3 13s. 6d. per foot, total £128 12s. 6d.; valuation by lessees' valuer, £3; suggested by Corporation witnesses, £6 to £7 4s. J. H. Bethune and, Co., rorner Featherston Street, section 83, 40ft. x 83ft., old rent £4 Is. per foot, total £162; new rent the ' same; valuation by lessees' valuer, £3 25.; suggested by Corporation witnesses, £7 10s. to £8 Ss. George and Kersley, Brandon Street, section 70, 28ft. sin. x 68ft. 6in., old rent £3 14s. 10d. per foot, total £106 65.; new rent £3 10s. per foot, total £99. 9s. 2d.; valuation by lessees' valuer, £2 11s.; suggested by Corporation witnesses, £6 to £7 Bs. 6d. Wellesley Club, corner Featherston Street, section 160, 43ft. x 68ft., old rent £1 4s. 4d. per foot; new rent £2 11s. 6d. per foot, total £110 14s. 6d.; suggested by Corporation witnesses, £5 17s. to £6 10s. Section 159, Featherston Street, 43ft. x 68ft., old rent 19s. 3d. per foot; new rent £2 4s. per foot, total £94 125.; suggested by Corporation witnesses, £5 15s. to £6 ss. The total old rent for the two_ sections was £82 155., and the valuation by the lessee's valuer was £2 11s. The arbitrators were: For the Corporation, Messrs. C. B. Morison, K.C., and H. P. Von Haast; for the lessees, Messrs. A. S. Biss and W. M. Hannay; umpire, Mr. W. Ferguson, C.E.