Sept. 20.
The arguments which Susscraver put forward, in his letter. published yesterday, against "the sale of that portion of the Gathedeal Compound Iknown as the Honan Road lease property deserve every considera~ than by those who will be called upon to deal with the resolutions which have been proposed
of the Cathedral School premises in Kiukiang. for the sale of the property and the purchase Road. "It is a carefully prepared statement of the financlat situation as he sees it, and nis facts are correet,—and there is reason to believe they. area very good case, is made out for retaining the whole of the Cathedral property" as it is, and yet finance the purchase of the' school building in a manner which seems not only prudent but calculated to meet the future needs of, the Cathedral in ay manner in. which they have never been inet before. 'The point, that it the prospective purchaser of the Honian Road property finds it to be a good investment, it bust be assumed that it 1s equally. good, for the Cathedral and should' be retained, is a ood one.
According to Supscmoen the financing necessary to purchase the school building should present no difficulties, and on his estimates the money, which he suggests should bbe borrowed from the banks, could be repaid ina comparatively few years, after which the Cathedral would have its property intact, und its finances on a thoroughly sound basis. The suggestions which the correspondent has made, It is urged, should be thoroughly investigated for it would be indeed a pity if the cathedral property went through a process of whittling down every time the Cathedral Was unfortunate enough to become financially' embarrassed. It is recognized that the scheme as put forward by the Cathedral trustees should of itself pul the Cathedral on A sound footing, but no one: knows what the future may bring and the development of the precedent established by the original lease of the Honan property Into an actual sale of it'might lead to further changes which might prove deplorable. It is the duty of this Heneration, (o those which preceded it, and {hose to come after, to ensure that" this property, so intimately connected with the history of Shanghai, should be preserved in its entirety.
That should also be the answer to those other enthusiasts who favour the bodily re~
Text read from the printed page and cleaned; old type leaves the occasional error.