Etroite £311,257 10s. 0. (Metre gauge.)
£334,957 10s. Od. (4° 83" gauge.) 6. British Electric Traction Ca.... £700,000 Lhave examin fully and am of opi mitted by the Shanghai Tramway Syndicate decidedly the most advantageous for the following reasons jo Syndicate accepts all the condi-contained in the Council's pamphlets of August 1898 without reserve ese conditions were ye contain all th 50 years and offers a fixed royalty to the Municipalities commencing at $50,000 dollars Mexican per annum, with an increase of one thousand dollars for each succeeding year until a total of $99,00) Mexican dollars. per reached for the 50th year of the unt is payable irrespective of the company'
In the other venders. amounts payable to the Councils, ete., depend entirely on the of the Camp: To addi ti fixed yearly sum the Syndicate prepared to psy a proportion of all. g receipts exceeding Twenty thousand dollara Mexican per mile of tramway road per annum 10% on all gross receipts from $20,001 up to 21,000 on" ""-21,001-up to,2 4000 12% ry 22,001 up.to-23,000 3% on " 23,001 up to 24,000
Frevx. M. Grattox, Chairman.
Joux Prestice.
Text read from the printed page and cleaned; old type leaves the occasional error.