Shanghai, Mar. 29.
Publicly announcing the change of ownership of Shanghai's largest hotel fand apartment building {rom the 5 Land Investment Ca. to the Shanghai Real Estate Ca., a subsidiary of the Japanese Central China Development Ca,, the Union Jack was hauled down from the flagpole of the Broadway Mansions yesterday morning at 11.45 and in its place was substituted the Japanese Gay. A few seconds later, on an adjacent flagpole to the right of the Rising Sun emlem, the tve-barred flag of the "Reformed" Government was raised, The ceremony of changing the flags was carried out on the root of the 16 storey building and was attended by Mr. A. W. Buck, general manager the Shanghai Land Investment Cox Mr. A. S. Hersee, general manager of the Broadway Mansions, Japanese and Chinese directors and oillcals of the purchasing company, and several Japanese naval and military officers.
To the strains of "God Save the King", played on a gramophone, the assembly stood at attention as the Union Jack was lowered and as the Japanese and five-barred flags were raised, the Japanese national anthem, Kimigayo", was rendered, At a subsequent reception in. the lounge of the hotel, Mr. Chen Sha0- kuei, a director of the Real Estate described the circumstances. leading the change of ownership, This was followed by three banzais for Eng-Jand and three for Japan, and a toast was also drunk {9 the "Reformed" Government.
Text read from the printed page and cleaned; old type leaves the occasional error.