Shanghai, 30th April, 1897.
Dvar Sin,—We beg to inform you that this Company intends to rebuild the whole of Cadastral Lot 22, fronting the Peking Road and to open a Private Road, 40 fect wide, in continuation of Yuenmingyten Road. understand that the Council is desirous of widening the Peking Road, this Company is prepared to surrender the strip of land coloured.red in accompanying plan and measuring 0 mow 2, fuv 2 li 1 hair at the rate of Tls. 17,500 pee now or in all Ts. 3,867.
As we are anxious to begin building xs soon ae possible, we should deem it a favour if you would let us have the Council's reply without delay.
We are, dear Yours faithfully, Gimp, Livixestox & Ca., Agents. Yo3. 0. P, Buaspy Municipal Council.
Municipal Council, Shanghai, 19th May, 1897. With reference to your letter stuting the terms on which the Land Investment Ca. is prepared to surrender a strip of land measuring 0 mow 2 fun 2 1 hoon for the purpose of widening the Po Road, I am directed to say that your propo: ual was considered by the Works Committee its meeting on the 17th inst.
'The Council is of opinion that, in view of the fact. that your Company' will derive benefits fully equal to those of the public feom the proposed widening of Peking Road, the price asked for the land to be surrender: ed is very high, being more than twice the assessed value. 'Desirous, however; of effecting this much needed' improvement the Councit is willing to meet you in this matter, A will poy for the Innd ut the rate of 10,0%0 per moro—say Ts. 2,210, and Tam instructed lo say that the Council trusts you will sce your way to accepting this proposal.
Tam, Gentlemen, Your obedient servant, J. 0. PB. Braxp, Acting Secretary. Mesers. Giun, Livixastos, & Ca., Agents, Shanghai Land Investment Ca.
Text read from the printed page and cleaned; old type leaves the occasional error.