TION SHEET NO.................
OM THE N.E.C. CO., LTD.
Ta
......20th June,.
191 8.
E T. Williams. Esa..
8470
circumstances and one which I think will be readily granted.
I appreciate of course that this creates a difficulty in
regard to the land development. This difficulty, however,
could be got over by an agreement that the proceeds of land
sales be deposited in the joint names of the Government and
the Promotore and th: t in the event of the construction of the
tra.way not being proceeded with in accordance with the agreement
or Bill as the case may be, the proceeds belong to the Govern-
ment. On the other hand, directly a substantial commencement
has been made on the construction of the tramway, the proceeda
would go to the Promotors. This arrangerent is only to assist
the immediate development of the land, although probably until
the traway was built, land sales dght be negligible.
I am uch interested in this proposition and shall be
happy to give you all the assistance I can in the matter.
Yours faithfully,
Colle
Managing Director.