Municipal Counci Shangh Si,—I am directed to jowldge the Ist instant, in-timoting that the Shang] Water Works Ca, are prepared to renew their existing contract with the Cornell for a further term of three years from the Ist of July. and suggesting that if the Council apr of the renewal, an endorsement to. this effect upon the' present agreement will be sufficient.
Your letter has been submitted to the! Council who approve of the renewal, and will have an endorsement to this effect made upon the present agreement, as suggested.
Referring to clause 7 of the agreement of 1881 between the Water Works Ca., and the Council, I am directed to inquire whether the net annual profits of the Company Seitlements north of the Yang-king-pang derived from the supply of water to the rince the Company commence! working 1883 have yet averaged S per cent upon the proportion of their capital expended for the supply.
Tam, Sir, You obedient serv
Text read from the printed page and cleaned; old type leaves the occasional error.