have acquired from the family of the late Mr. Sheng Kung-pao the land, buildings and fixtures of the property known as the Grand Hotel! Kalee, together with the lease thereon. The purchase price is Tls. 525,000. The Grand Hotel Kalee are the present tenants, and pay an annal rent, their lease expiring on December 31, 1923, the hotel having been opened in 1903.
The property is a very fine lot, situated at the corner of Kiukiang and Kiangse Roads, and comprises a hotel of about 150 rooms, some six storeys in height, while the ground is about 4} mow in area. The Shanghai Hotels Ca. intend to carry it on as a hotel when the lease expires in the same way as it is being carried on now. It will be run later on as one of the hotels under the control of the Shanghai Hotels Ca.
Extension 1x Pexinc-
The Shanghai Hotels Ca. has also acquired from the Wagons Lits Ca. a controlling interest in the Wagons Lits Hotel Ca. Ld., Peking. The majority of the share capital of this hotel has been purchased by the Shanghai Hotels Ca., and as a sult of tie visit of Mr. Edward} Ezra to Peking, this company now will form part of the Shanghai Hotels organization, and will be one of the hotels affiliated to the Shanghai Hotels.
It is the intention of the Shanghai Hotss Ca. largely to improve this very comfortable hotel and to! make it t.p-to-date in every respect. Tu fact during Mr. Ezra's visit contracts to the extent of over $20,000! were concluded with the object of thoroughly renovating and improv-me the hotel.
It is also the intention of the Shanghai Hotels Ca. gradually to acquire a number of hotels in different parts of the Far East so! that they will control a regular chain of hotels for the benefit of the travelling public, Lievr.-Cot. J. R. Wyndham and moham let Shanchei_ on by the P. & O. S. Note to return to Hongkong Wits reference to the big fish caught in Hongkew Park, of which we published a picture last week, a Mokanshan correspondent gives it as his opinion, after close study, that it was a samh.
Text read from the printed page and cleaned; old type leaves the occasional error.