A BIG LAND PURCHASE.
By the end of 1916 M‘Neil Street bakery, and particularly the biscuit factory, was again becoming congested, and power was obtained from the quarterly meeting to spend up to £9,750 on the purchase of more ground. At the time this power was obtained, the committee had under consideration the fact that the ground on the east side of M‘Neil Street, extending from the Clydeside to Govan Street, was in the market, and ultimately the purchase of this ground was completed at a cost of £9,750. The ground contained an area of 6,590 yards. Much of it was occupied by buildings of a temporary character; the only buildings of a permanent nature on the site being two tenements at the southern end. This site has not yet been utilised by the Society, but it forms an admirable property which is available for any extensions which may require to be undertaken in the future. Meantime it is let at a rental which gives a net return of 3⅓ per cent. on the capital cost of the site.