'TU a simple ceremony attended by about 300 prominent members of the financial community the foundation stone of the Bank of China on the Bund was laid by Mr. T. V. Soong, chairman of the board of directors, on October 10.
'A reception was subsequently held in the Cathay Hotel lounge.
The ceremony began shortly after 10 am. with introductory remarks by Mr. Sung He the general manager, In which he" pointed out the happy coincidence of the occasion with the Wide. celebrations of the silver jubilee of the Republic. Mime. 7 V. Soong then placed in the foundation @ casket containing copies of the local newspapers of the day, plans of the building, a photograph of The Bund, coins ofthe present currency and Bank of China notes, the names of the officials and stof members of the bank, and a copy of the last nual report.
Text read from the printed page and cleaned; old type leaves the occasional error.