To' Beat Others with Tower and "Basement The tall buildings of Shanghai will soon receive an. addition to their number, when a new department store is built at the corner Nanking and Fu) Roads, The owners are a syndicate, who have provided Tis, 1,600,000 for the naneing of the building, which will be situated on Cadastral lots 511 and 512, There will be several features in the building. A' hotel, comprising 300 rooms, will occupy the floor above the store, and plans, not yet submitted, also include a cinema on the floor above the shote] and a roof garden. A basement, with a floor 116: feet: below road level, is some-hing unusual to Shanghai, w ile the building is to have a tower taller than the others on Nanking Road, Artificial ventilation will be provid-Jed for the basement.
'A large property deal on North Seeehuen Road Extension has' been concluded,. whereby the Wing On Ca. has become the owner of 38 mow of land. This includes the proerty on which stand the Japanese Theatre and Llewellyn's aerated water factory.
Other lots have changed hands recently, Mr. George Dallas has sold the land on which the New World south building stands, on the corner of the race course, for 8 lakhs of taels, the arow of the land being just over 4 mow 8 fun, - The Jand upon which the Far Bastern Hotel stands, at the corner of Thibet. and Pakhoi Roads, as well the ad-Joining piece where the theatre on Pakhoi Road stands, has also chang ed hans, Tu this case the price is Tower than in the other deals, 53 mow going for under 6 lakh The vacant lot on Peking Road, formerly the property of the Shang hai Municipal Electricity Depart rent, has been bought by the National Commercial Bank for Tls. 822,000, representing about 12 lakhs per mow, and almost as soon as the deal was completed the Bank received an offer-at 2 lakhs per mow, which they have not accepted.
With the recent Sassoon" pur chases on Kiangee and Foochow Road corner, these deals in the past few weeks total a large figure, and it is possible that another deal' may take place in property on Nanking Rord, offers having already been made at 2 lakhs per mow.
Avnoros of the proposed civic centre of Greater Shanghai, which ly in Kiangwan distyiet, the Chinese Press says that the Commissioner of Lands for Greater Shanghai has fgsued an order forbidding the sale ands within. the proposed The order say that, for the construction of the Special nicipality of Greater Shanghai, the Chinese authorities are prepared to purchase 7,000 mow of land in the district at prices to be fixed by. the mayor. official trial run of the ship,, which, took place on August 1, far exceed~ all expectations. "The power developed amounted to 19,600 h.p. and the speed attained was 21 knots. A. great comfort is the total absence of smoke and soot, for the engines are oil-driven and fare xo constructed that vibration practically non-existent.
Special attention has been devoted to the provision of a complete and efficient system of life-saving appliances which has been installed in accordance with the requirements. fof the various Boards of Trade. For dealing with gutbrenks of fire, a fixe-extinguishing and detecting: plant on the Lux Rich system is installed.
Text read from the printed page and cleaned; old type leaves the occasional error.