COUNCIL, To the Editor of the "Norru-Cara Dany News."
Sum,—Referring to the issue of your paper of the 9th instant and the Council's Major Bros. further stated that if the Council required the property it was still open to them to purchase it at the original price named of Tls. 85,000. In answer to this the Council made a counter-offer for the property of Ts. 55,000 which was at once declined. "Messrs. Major Bros. valuation of their property is made up as follows:-—Ts. Land area 1. 3. 1. 0. at Tis.
32,000 per mow 42,000.00 Replaceable value of buildings...23,000.00
65,000.00 Add 10 per cent for compulsory sale 6,500.00 Add cost of removing and refix-their employes on ground of such value. Further if the Municipal Council find increased accommodation an immediate necessity, and the foregoing suggestion not feasible, why don't they erect additional offices on the vacant ground fronting Kiangse Road already owned by them Were either of the foregoing suggestions acted upon, the Directors of Messrs. Major Bros. do not see that the necessity for the compulsory acquisition of their property under Land Regula-ions VIA for Municipal purposes is at the moment apparent, and would ask the Council to seriously consider whether, when so much of the valuable ground owned by the Ratepayers is occupied for Minutes published therein. ing machinery 5,000.00 As these minutes embrace several Add for goodwill, temporary letters referring to the compulsory nccessation of business, ete. 8,500.00 quisition of Major Bros.' property in the Hankow Road, and as these letters taken Tls. 85,000.00 by themselves have proved somewhat misleading not only to many of the
Text read from the printed page and cleaned; old type leaves the occasional error.