Page 4 Advertisements Column 5

Gisborne Times, Volume XIX, Issue 1555, 11 September 1905, Page 4

% i'i h ‘~'\ y ass I sm*«

eonoerned, and that in brief fees alone Mr Lysnar had to givo £BO on behalf of plaintiffs. Any sooming evasion thoro had been of the rule that a solicitor should net deal with the property of a olient was removed by the fact that the defendant told the plaintiffs they should got other advice. When told this they asked why they should do so, as two witnesses would testify. Their actions and statements showed they wore seeking to get ob muoh money out ef defendant as possible. When the Kelvin property was taken over the rent was only £IBO, the tenant was in arrears, the Bnnual outgoings in interest, rates, etc., wore £ll7, and arrears of rates, interest, etc., amounted to £l4O. Where then was tho value of equity of redemption that would lead anyone to take the property over at that time ? Mr Lysnar bad another place in view, and did not want it; Mr Dunlop doßired to start busi ness in Napier, and Mrs Dunlop wanted to get there for tbo better education of their children. He would show that the plaintiffs had noted in a keen business-way in regard to handling tho property, Mrs Dunlop had shown herself to be an astute business woman, and that they had put their heads together iu the making of their claim. W. A, Barton gave evidenoe that hm property cost him JEBSO in 1896—he did not think there was muoh differeooe in the value of his property and KelviD—he thought the freehold of the latter would bring about £ISOO. Mr lan S. Simson, formerly Government Valuer, valued the Kelvin property at £1950 in February, 1904. What was land being sold for in 1904 ? As far as I can reoolleot £l5O for the best earner sootion. Captain Tucker sold the oorner section to Mr McOabo for £l5O. Was that 1904 ? Yes, about that; it might be in 1903 or 1902. By Dr Findlay : Mr LysDar had been paying twioa for the overlapping, and by paying a special fee to the Department Mr Lysnar had got a revaluation. I could cot altor the valuation, but anyone can get a revaluation by paying a Bpeoial fee. Ceoil F. Lewis, Government District Valuer, deposed that iu 1897 ho had valued the whole of the Gisborne borough for tho Government, and for many years ho had been valuing for investors. He had only valued the portion of Mr Lysnar's property in the borough. What do yon consider the whole property was worth in 1898—selling valne ? Witness : £IB4O. In the last valuation recently revised, he had valued the properly at £2lßs—that wae in last December. He bal been agent for the two oottages ou the property ; in 1897 they would be worth from £l6O to £l7O. By Mr Bees: He had not valuod any part of the main building. The oottages were not included iu the last valuation ; there were not there then. By Dr Findlay: It included any improvements made by Mr Lysnar sinoe 1898. Alfrod Forde Matthews bad valued the defendant’s property in 1895 at £IBSO. Between that and 1898 proporty had decreased in value ; in 1898 the property was worth £lsoo—things were gradually rising. The foil valuo at presont wbb £2070, allowing for depredation in the house. ' James Quoenin, builder and contractor, who had removed one oottage, said it wbb in a very bad condition, the plates, blocks and verandah being rotten, and the door having to be repaired, It would not be worth more than £SO or £6O as it stood. To make any übb of it required an expenditure of at least £4O or £SO. Moses Haisman, builder and contractor, who had removed the other cottage, described its oondition generally bb rotten ; it would be worth about £SO, and would require £4O or £45 spont on it to make it of aDy nee. W. 0. Skeet, builder and contractor,said he bad built the house in .1887, the contract being £659, and the extras £ll3 7s 6d j the valne of the whole property in 1898 would be between £I2OO and £IBOO. By Mr Bees: In this he allowed for the two small cottages; the big house he valuod in 1898 at £7oo—it had then been up over ten years. Could the house have been built fortbat in 1898? Witness: About that. Mr Bees: Would it not cost more ? His Honor: You mean of new materials ? Witness: lam allowing for ten years' depreciation. His Honor: One witness told us buildings improved with age. In reply to His Honor, Dr Findlay said Mrs Hollywood had tho lease (produoed) of the whole property. John Alfred Herding deposed that an action for libel bad been brought against bim by Mr Dunlop in 1898. Did you after the first day's trial ask Dunlop to meet you for purpose of settlement ? Witness : No ; I never had any conversation regarding settlement, Witness, continuing, said he was one of of the direotors of the Assooiation, and Mr Dunlop was manager, On one or two occasions Mrs Dunlop had come to see him about business matters. She appeared to be taking interest in tho Association’s businees. His Honor : What does this lead to ? Dr Findlay : I want to show that Mrs Dunlop was a keen business woman. His Honor: I do not think that will have anything to do with it. Mr Bees said ho bad do questions to ask, and the witness stood down. The case waß until ten this morning.

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