The Archive · 1939

1012 Avenue Road (Near Gordon Road)

"Telephone 31373 required for the work which will take thirteen years will be Y.56,300,- 000, which seems an exaggerated amount for a company with capital of Y.2,000,000 and extent of borrowing Y.6,300,000 but the corporation expects to secure an average yearly income from the sale of certain portions of the land that is reclaimed.

The firm is confident that it will be able to finance operations in full Loans are to be paid up from the fifth year after operations commence on annual instalments of Y.900,000, with the whole amount wiped off by the eleventh year.

Text read from the printed page and cleaned; old type leaves the occasional error.

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