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T0N6K&9 COMPOUND-'
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MEIiBOtntNK, Tuesday.—Aftei
protracted negotiations, the option
of purchase has been secured by the
Tongksh Compound over the Pagngn
property, situated in the Siamese
mainland, opposite the Island of
Tongkah. The property, which wul
be tested at once, contains «K>0 acre?,
and is said ro carry lToz. of tin ner
cubic yard. The terms of the option.
provide for the formation of a
new company of 120,000 shares of £1
-sach, of which 40,000 shares, fully
paid are to be given to the yendor
in consideration" of the transfer -if
his rights to the company,
board states that if the option is ei.-
erc-ised the directors anticipate no diftl-1
1
eulty in financing the scheme-
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