In the presence of several members of the Yokohama Specie Bank, Mr. Masatoshi Shute, Shanghai manager, laid the foundation stone of the bank's new premises on The Bund on Sunday morning.
The stone was laid at the northeast corner of the edifice. Buried below it was a copper casket containing a silver plate, upon which was inscribed Sunday's date, the names of the bank, its Pre. sident (Mr. Penji Kodama) and local manager. A copy of Saturday's edition of the '"North-China. Daily News" and the "China Press" were also placed in the box. Among those present were the sub-managers, Mr. S. Okudai and Mr. J. Okada, There was no ceremony. only about nine of the bank's officials being present.
The new Yokohama Specie Bank building is expected to be complet. ed 12 months hence. Messrs. Trollope & Colls are the contractors.
Text read from the printed page and cleaned; old type leaves the occasional error.