TE ARAI ESTATE.
( — . «. — MR. JOHNSTON" AWARDED . £106,502. [BT TEIEGBAPII. — PRESS AS3OOIATION.I GISBORNE, This Day. In Ihe Te Arai compensation case, the owner, the Hon. Randall Johnston, was awarded £5106^502, the claim being for £127,000. The lessee was awarded £7457. Each award includes costs allowed and a deduction of £3474 is made from " the owners award for the goodwill of lease, having two and a half years to run. The Chief Justice regretted that the award was not unanimous, Mr. Bateson (representing the owner) being a . dissenting party, considering the amount below the selling value, while Mr. Matthewson, for the Grown, reluctantly agreed to the amount fixed, so that there might be an award. His Honour was not surprised .it this disagreement, as the values given by exports were irreconcileable, the average value for . the claimant being £136,000, while thnt of respondent's valuers was £101,000. One of the Government experts fixed the vplue at £97,000.
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Evening Post, Volume LXXIV, Issue 108, 2 November 1907, Page 6
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154TE ARAI ESTATE. Evening Post, Volume LXXIV, Issue 108, 2 November 1907, Page 6
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