315
Sum of $66,300.- and subject to an annual rent of $488.20.-
A
The Sale has been the result of a long series of negotiations spread over several months. Captain Phelps was for some time undecided as to the most suitable place for establishing the Bread Quarters of the Company in China and Japan - whether at Shanghai, Yokohama, or Hong Kong.
3.
requirements of the Company made it extremely difficult for them to procure a suitable site for their purpose.
7
As however an extension of the Praya to Seaward has been arranged, and news of the Harbor Master's new office, I was enabled to offer such a lot as suited the Company, and Captain Phelps agreed to give 2½ dollars per foot as the upset price of the lot.
4. I was in hopes that he would have been compelled to pay more for it at auction, but this is not an advantageous period for obtaining high prices for land, and accordingly he proved to be the only bidder. On the whole however I think the sale has been a great