The first step has been taken to locate the general English Settlement for Weihbsiwei. I hear 8 Chefoo firm has bought up a hundred mow of land on the mainland near Lighthouse Point on the southern side of the Bay, about a mile and a-half from the native city. Report has it that a company is to be formed to erect and work a first-class hotel on this spot. It is easily accessible from Linkungtao and seems to be a good eelection—except for N.E. winds in the winter. Sach a place would be a convenience and should in time be made to pay. There are other enquiries for land in that neighbourhood which of course has greatly run up'prices.
14th November.
Text read from the printed page and cleaned; old type leaves the occasional error.