f 



-3- 



It is believed that if this plan can "be consummated 

 the new securities offered in exchange for present holdings of 

 Quincy Market Real "Estate Trust will he more satisfactory to 

 hold and command a "better market than is the ca.se with Quinsy 

 Market Real Estate Trust besides giving holders a better income 

 return. 



The adoption of the plan of consolidating the Quincy 

 Market Real Estate Trust with the Quincy Market Cold Storage & 

 Warehouse Company will result in greatly benefiting the Quincy 

 Market Cold Storage & Warehouse Co. on the future success of 

 which company the Real Estate Trust shareholders are largely 

 dependent if the concerns should be kept separate. 



If the present holders of shares in the Real Estate 

 Trust exchange their shares for the proposed new securities 

 they will participate in any benefit derived by the Quincy 

 Market Cold Storage & Warehouse Company by reason of owning 

 the prior securities of the consolidated concern. 



We feel that our plan being advantageous to both 

 sides can be carried out. 



If the foregoing proposal meets with your approval 

 we request that you so signify by signing the accompanying 

 preliminary agreement and indicating thereon the amounts of 

 the new securities or cash desired. 



Very truly yours 



Burroughs & DeBlois. 



