The licence in question represents the first stage in the complete reconstruction of the northern half of the Royal Exchange, Manchester, and such accommodation as is made immediately available will be used for shops and storage purposes. Most of the sum involved at this stage is for the general structural work and I could not, without detailed inquiry, estimate how much should reasonably be attributed to shop facilities. There was no formal recommendation by the Manchester Corporation but the application was supported by the Town Clerk. The future of this undertaking is being considered in the light of the change of circumstances since the licence was granted.