As our readers are aware, the old hong of Messrs, David Sassoon' Sons & Ca. on the Bund has been lately pulled down to make room for two new hongs—one to be ccenpied by that firm, the other by the Deutsche Bank.
Phe ceremony of laying the foundation stone was performed on Monday afternoon, by Miss Flora Gubbay,—the little daughter of Mr. M.S. Gubbay, the present head of the firm in Shanghai—in the presence of number of guests who had been invited to witness the ceremony.
The North-cast corner of the new Inilding is in the angle near the Bund and Messrs, Jardine Matheson's compound, and a temporary shed had been erected there, and se: ts placed for the accommodation of the visitors.
On a table lay the trowel to be used in the ceremony, and a brass plate bearing the inscription' to be laid under the foundation stone, as follows Fouxpatiox Sroxe Late "1th A. B. 5633, Jewish Era.
Text read from the printed page and cleaned; old type leaves the occasional error.