T am, Si Your obedient servant, W. E. Leveson, P. Pezsues, Esq., Agent for Shanghai Lend Investment Ca., Ld.
Shanghai, 31st May, 1906.
Duan St,—We are in receipt of your letter of the 28th inst. re the surrender of the above lot, and in reply have to inform you that we have submitted your proposal to our Dis tors who have instructed us to make counter proposal.
In June 1903 this land was offered to the Council at Tls. 40,000 per mow and with oortaia reservations as to the purpose to which the land shall be put, we are willing to accept the same price now.
higher up the crook were, we bel Certain lands crook frontages recently sold at Tls. 30,000 per mow and for Cadastral Lot 1001 we hear approaching Tle, 70,000 per mow from this it would appear our' ptioe of Tia, 40,000 per tow is a reasonable estimate of the market value of the lot in question Wo are, Dear Sir, Yours faithfully, Pair Pars.
Shanghas Land Investment Ca., La. The Sxomerany, Municipal Council, Council Room, Shanghai, 8'h June, 1906.
Sin.—In reply to your lotter of the imo, renewing your offer to sell Cadastral Lot 1000 N. to the Council the rate of Tia. 40,000 per mow, I am directed to atate that it was booanse the Council considered this price unduly high that the reference to the Land Comminsion was proposed, The shape, position, and measure of practical utility of this small property in the Councils opinion, unique, and comparison with others in the same locality appears therefore not exactly adequate basis whereon to assess ite Ni these circumstances I @irected to ask thst the Company will assent to the Council's proposal to have the price fixed by the Commissioners, Tom, Your oh joint servant, W. E. Lavesox, Secretary.
Agent for Sheoghsi Land Investment Ca., La. in receipt of your letter of the 8th inst, and in reply thereto we have to say that this Com-Fet'1000 Northern yo the Council riy is willing to dispose of Cadastral
price to be arrived at by the Land Commissioners.
We are, Dear Sir, Yours faithfully, Ginn, Livixestox & Ca, Agents, Shanghai Land Ineestment Camp riy The Secnerary, Municipal Council.
Special Rate beyond Settlement Boundary.
A loiter from the Senior Consul forth Szechuen Replies to his enquiries will be furnished #0 far as the information st the Council's disposal permits, but it jed to point out that, as' to the conditions under which water mains have been laid elsewhere then in Muuijina
Text read from the printed page and cleaned; old type leaves the occasional error.