381
on account of the fonuer surrounding Evropoau houses having been converted
ido Chinese ones, we determined to
buy another property in Ibanatyp 32. ??
which we did and where we have
alwady built a fine College and levetted the ground and laid down
the foundation of the new Cathedral._
}
at our
own cost. When
we tuade
those trousactions we naturally
Contémplated the sale of of the L01 71:50
and to bre
to finish
transfer its profit to Glearasty Janes
our constructions. But a few
days ago we
we
have been informed
by our legal adviser that according to what Sir G. Phillippo said lately from the Bench we cannot dispose
of Los
50 without the authority of
the
z
the Legislature. Seeing that we could
not sell we i
mawayed to have a loan And a Company in HoregKong
ready to favour
us with, ou a
ACAS
iuortgage to be placed
to be placed on Lot 50 but
Mr Johuson the Crown Solicitor having been consulted said that he
could not advise them to do it on the
account of what the Chief Justice said lately from the Bench. Our position at present is the most aukward one. We must procced with building the How Cathedral, a contract having been sigued, unable to have any meaux either
and we are rendered.
by selling or by mortgaging. The mor
retit, as we
we regret it,
for
oler own
are working
benefit but for the benefit
not
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