Full resolution (JPEG) - On this page / på denna sida - Bilag - XIX. Uddrag af Vidneforklaringer, afgifne i den af Underhuset i Anledning af Telegrafbillen nedsatte specielle Komité
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lell him that we would rather pay him a rent• 1
arn, not aware that I used the term annuity; if I
did so 1 used it in the sense of rent; that we
would rather pay him a rent than hane to find
him an additional sum of Capital.
1975. At that period, did you say any
thing whatever on the suhject of a shorter ba
sis of purchase than 20 years? — 1 do not think
I said anything as to a lower or a higher basis,
or that 1 expressed any opinion uponthat; lasked
him to make his proposition.
1976. To make it upon the proposition of
an annual rent, instead of a Capital valne?
Yes.
1977. Thereupon (and I have got the heads
of his proposition to you) that you should pur
chase the cahle with the Hanoverian and Prus
sian concessions for a perpetual annuity equal
to the income guaranteed to the Telegraphic
Company under the hefore-mentioned conces
sions? — Yes, a perpetual annuity.
1978. The perpetual annuity, of course,
being equivalent to what we may call Capital
value? Yes.
1979. I suppose that 20 years’ purchase
has been taken as the value of undertakings of
this kind, the full capitalised value, is it not? —
1 really do not know; 1 have not considered it in
that icay at all. We have offered 20 years’ pur
chase as what ive consider the value.
1980. I suppose that that is not too much,
or you would not have offered it? — We did
not consider 20 years’1 purchase of the present
profits to be equivalent to a perpetual grant of the
present profits.
1981. Do you think it is less, do you think
that 20 years’ Capital value of property of this
character is less than the grant of a perpetual
annuity? — 1 am inclined to think so.
1982. What would you take then to be an
annuity representing 20 years’ purchase? —
That really requires calculation; I cannot do it
offnand.
jeg ham, at vi heller vilde betale ham en aarlig
Afgift; jeg ved ikke, om jeg brugte Udtrykket an
nuity; hvis jeg gjorde det, brugte jeg det i Betyd
ningen af aarlig Afgift — at vi heller vilde be
tale ham en aarlig Afgift end at skulle skaffe ham
et forøget Kapitalbeløb.
1975. Yttrede De paa den Tid Nogetsom
helst angaaende en kortere Basis for Kjøb
end 20 Aar? — Jeg tror ikke, at jeg yttrede No
getsom!,elst med Hensyn til en lavere eller høiere
Basis, eller at jeg udtalte nogen Mening om dette;
jeg bad ham at gjøre sit Forslag.
1976. ?At gjøre det paa Basis af en aarlig
Afgift istedetfor et Beløb en Gang for alle ?
Ja.
1977. Derpaa, (jeg har faaet Hovedpunk
terne af hans Forslag til Dem), at De skulde
kjøbe Kablen tllligemed de hannoveranske og
preussiskeKoncessioner for en stedsevarende aar
lig Sum, svarende til den Indtægt, der er garan
teret Telegrafkompagnierne under de fornævnte
Koncessioner? — Ja, en stedsevarende aarlig Sum.
1978. Den stedsvarende aarlige Sum skulde
naturligvis være æqyivalent med hvad man kan
kalde Kapitalværdi? — Ja-
1979. Jeg formoder, at 20 AarsKjøb har været
antaget somYærdien af Anlæg af dette Slags, den
fulde kapitaliserede Værdi, er det ikke saa? —
Jeg ved det virkelig ikke; jeg har aldeles ikke be
tragtet det fra denne Side. Vi. have tilbudt 20
Aars Kjøb som det, vi anse for Va&rdien.
1980. Jeg formoder, at det ikke er forme
get, ellers vilde De ikke have gjort Tilbudet? —
Vi betragtede ikke 20 Aars Kjøb af den nærvæ
rende Indtægt æqvivalent med en stedsevarende
Ydelse af den nærværende Indtægt.
1987. Mener De, det er mindre; menerDe,
at 20 Aars Kapitalværdi af Eiendom af denne
Beskaffenhed er mindre end Ydelsen af en sted
sevarende annuity? — Jeg er tilbøielig til at
tro det
1982. Hvad vilde De da antage for at være
en annuity, der repræsenterede 20 Aars Kjøb? —
Dette kreever virkelig Beregning ; jeg kan ikke sige
det paa staaende Fod.
171
BILAG.
XIX. Bil.]
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