the Council As a result of the recent discus: sions relative to the provision of increased public landing facilities in the neighbourhood of Yungtszepoo Road, the © Shanghai Municipal Council has authorized the purchase of 76.169 mow of land situate between Yangtszepoo Road and the river for the construction wharf and connecting roads.
The wharf proper will cover 36. 169 mow, the remainder being given over to the projected roads, Should the remaining 50 mow be in excess of the requirements of such roi construction, the surplus will be tained so aS to ensure a consid able reduction in the net ultima cost of the wharf in view of the diy rising value of land in tac om an authoritative source, we Jen that the total expenditure on the wharf will be Tis, 1,873,380, including the purchase of the land, construction of the wharf, and i stallation of necessary machinery. The wharf will be 679 for in compared with 200 fe of the Wayside Whart. The new wharf will be used marily for the discharge from ligl cers of cargo from steamers the Pootung side of the river, ing facilities being available, Inquiries made regarding earning possibilities of the scheme show that with the exception of revenue from possible storage ant from the imposition of charges for the use of cranes or other machinery, no direct income will be forthing statistics compiled in connection with the amount of cargo handled at the Wayside Wharf during the past 12 months served to demonstrate the absolute necessity of the achome.
As the purchase of the land will involve a charge on the ordinary budget of Tis, 90,009 in the form fof interest on capital outlay, excluding the cost of the wharf' proper ana the expenses conn\: ted with the construction of roads and me stallation of machinery, it is pro posed to avoid financing' the scheme during the current year due to other heavy programmes under~ taken by the Council,
Text read from the printed page and cleaned; old type leaves the occasional error.