Dean Sin,—We beg toacknowledye re of your letter of 4th instant, from which we note that the Council is satisfied with the price (Ts. 15,000 per mow) put on the portion of Cadastral Lot No. 1016 required for the widening of Broadway "provided payment is only calculated upon such of the land as is clear of the foundations and footings of huildings to be erected abutting on the street."
reply we have to say that, unfortunately, the foundations will have to project about two fect under the street, and if the Council cannot consent to this, we fear the widening will have to be given up. We re, however, prepared to accept Tls. 8,000 per' mow, the sessed Value, provided the Council ' will allow the foundations to project under the street.
with your approval and requesting the favour Trusting that this propo of an carly reply, We remain, Dear Sir, Yours faithfully, Ginn, Livisestox & Ca., Ayenis, Shanghai Land InvestmentCo., La. W. E. Leves Acting Secretary, Municipal Council, 1
Council Room, Gextiemes,—Iam directed to acknowledge the receipt of your letter of the Sth instant, on the subject of the widening of Broadway ex Cadastral Lot 1016.
'The Council learns therefrom that you are willing to accept compensation for the strip to be surrendered at Tls. $,000 per mow. in lieu of the 'Tls. 15.000 per' mow formerly suggested, in recognition of the fact that the foundations of your proposed buildings will project under the public footway.
This concession is much appre ted by the Council and Tam directed to say that your revised terms are now accepted.
Tam, Gentlemen, Your obedient servant, J.0. P. Buaxp, Messrs. Gren, Livisestos & Ca, Agents,
Text read from the printed page and cleaned; old type leaves the occasional error.