On 3rd Dec 1975 the Patient contracted to sell his dwelling house to Mr Gerald Patrick Jemphrey for the sum of £38,750. The sale was completed and an assignment executed by the Patient on the 31st March '76. A Valuation of the property prepared by Messrs Desmond McConnell & Martin & Co dated 1st August 1975 had suggested that the property was then worth £37,500. Messrs James Boston & Sullivan acting on behalf of Mr W.J. Andrews and Mrs Vera Douglas obtained a Valuation from Messrs Macrory & Jefferson of 44 Donegall St Belfast dated 3rd Nov 1983 which states that in their opinion the property had a value in February 1976 of £50,500.
The accounts in the report of this sale and the related purchase of 4 Norwood Gdns were prepared by Messrs Tughan & Co showing their own costs and outlays, other expenses borne by the Patient and the provision of a bridging loan from the Ulster Bank Ltd to enable the purchase of 4 Norwood Gdns to be completed before the completion of the sale of 14 Castlehill Road.
Although the sale was completed in April 1976 the next proceeds of sale amounting to £8,950.65 do not appear in the Patients general account with Messrs Tughan & Co in their clients ledger until April 4th 1977.
[Instructions to sell 14 Castlehill Road, Belfast were given by Tughan & Company and their client the late "Christian" entrepreneur Mr. C. Gilpin. Reports state that the house was sold on March 31st 1976 when in fact it was sold on November 14th 1975. The completion date was February 1976 but Freddie was not credited with the balance until April 4th 1977.]