It is interesting to Jearn further! details of the syndicate which is interested in. the purchase of the Majestic Hotel property.
The idea of the syndicate, it is learned, was originally brought into being by Sir Robert Ho Tung, M Maueice Benjamin, and Mr, ihe well-known banker. Discuss {took place between these gentlemen and officers of the Asia Realty. Ca., and the final membership of the Syndicate consisted of the follow-it Tobert Ho Maurice Benjamin, Mr Messrs, E. D. Sassoon & Ca C3, and the Asia Realty Ca, The Asia Realty Ca. were ap~ pointed by the syndicate as their managers, and they have handled the proposed sale of the property fever since, One point which te s¥- ddieate has in view.is to retain thy ballroom as an entity, but that the hotel should. be sold: 'The hotel premises, with sufficient "ground attached, would probably make an attractive site for a club desirous. of a situation in that' part of Shanghai The area in question amounts to about 68} mow, and the prospective sale or otherwise is an interesting tone. Recently, it may be remember-fed, about two' mow of this land to-[wards the east end of its frontage jon Bubbling Well Road, near Medhurst Road, changed hands, the intention being, fo ase it for the mur~ ater. than April' 11 the Asia midget. golf coarse.
Realty Ca, again-negotiated for its re-sale, the lot on. this. occasion being sold at the rate; of Tie.125,000 a mow. The midget golf course [concern i¢ understood, to have Tease of two years upon this plot.
Text read from the printed page and cleaned; old type leaves the occasional error.