Council to Buy Strip on Kiangse Road: Subscribers Approve at Special Meeting means of' a resolution passed at a special/mecting of the subscribers of Holy Trinity Cathedral in the Church House, 219 Kiukiang Road, on April 28 the trustees have been empowered to sell part of the front lawn' of the Cathedral to the Shanghai Municipal Council. The land sold will be used for road widening cuts into the whole length of the frontage on Kiangse Road from a depth of fifteen feet at the Hankow Road end to a depth of 15.8 feet on the Kiukiang Road end of the compound. The price offered by the Council is $79,639.
'In addition, the Cathedral Trustees were empowered to accept any offer made by' the Council with regard to the surrender of areas now. leased on three sides of the compound, Included in the existing roads, and eased by the Council at Tis.' 3408 per year. A tentative proposal nas bed received from Counely and the Trustees understand. that they. be. offered $88.978 for the Ind, Mr. W. S. King, proposing the resolution, L.now beg to propose the Resolution "which wag Bent out to all ub-Scrlbers: on April 12. The Fesolation ads 89 follows cathe shanghat anc That the, Trustees of Cadantral Lote 109 and add 1 dhe Shangh Foquive tobe sea oe Which, increase. on exchange compensation $1,189.18, due to the lower rates Drevailing. but T am happy to state that the Dean has generously offered accept a reduced stipend for 1837, Repairs are slightly in excess, but we! have large programme in front us, which cannot be deterred much Jonger, while several of the normal Items are reduced, We see an ad" dition of $1,305.87, legal expenses in curred on the question of the sale of {he lawn: also an item of $1208.82 for Bank' Interest, which eppeats. in. this recount and waa not in that of 1005.
present circumstances we shall see a considerable annual advance on this item. 'The balance sheet shows that the overdraft on December' 31 last amounted to $23,469.79 on its way to the $100,000 marke anticipated.
Text read from the printed page and cleaned; old type leaves the occasional error.