Broadway Mansions, Shanghai's largest apartment building and hotel, passed from British to Japanese ownership yesterday morning and henceforth this massive block, dominatin Broadway and The Bund, will fly the Japanese flag and will be used for purposes which have not yet been completely revealed. Financial transactions were completed on Saturday at the British Consulate when a cash order was handed over to the Shanghai Land Investment Ca., Ltd. and terminated negotiations conducted for several months but delayed in completion through the difficulty in arranging the payment of cash which was an essential part of the sale Yesterday morning, there was a little ceremony the roof of the building more in the nature of a political settlement.rather than a property deal. Flags were lowered and raised and national honours were paid signifying the importance of the event. Not only is this the largest property deal in many years but it is the first large transaction by Japanese interests in an area where military necessity has be to the status of almost complete control buildings in Hongkew are being operated b:
Japanese interests el forms of posses: dition existing the peculiar con s claimed to be under Jap nese jurisdic is Jik that this em forerunner of oth: angement definition in other cas? to an_unsati y of affairs brough about by the e hostilities Japanese assumptis a ity. The this situation is cleared up the better it will b for the future of harmonious international relations in Shanghai.
Text read from the printed page and cleaned; old type leaves the occasional error.