am afraid J cannot at present give you further information, but) there are certain principles' put forward in the Totter which "we! tay "not see our way to fall in with. The letter is couched in friendly terms and welcomes. dis cussion on points open to differ ence of opinion and is very great advance on previous communications, If we may take this og a forerunner of a new atmos-Phere in the Council's deliberations and as a token that they are now prepared to recognize the just claims of the company, well then, Gentlemen, I think there is a vor good hope indeed that this will really be the last time that your Chairman will have to. make' any] reference to protracted—negotia-_ tions and the nexij time he address 08 you our difference with tha Council will have been amicably and fairly settled to the satisfaction of both parties and the com-anyone w fair way to the pros-parity it has so long been debarred from, Before sitting down I should Tike on behalf of the directors to) bear testimony to the, satisfactory manner in which the staff of the company has carried out, the work entrusted to it during the year.
There wore no questions, and hie following resolutions were formally carried
Text read from the printed page and cleaned; old type leaves the occasional error.