Another important land deal show: ing the confidence of local capital in the future of Shanghai was reported vesterdav. The p: in question is the lot. buildings. and godown, next to the M. M. building on the French Bund, covering an area of over seven mow.
The buyer was said to be Mr Fmmanuel P. Yannoulatos, prominent local Greek merchant and shipowner The price paid has not been disclosed but it ie understood te exceed Ch$5,000,000.
Text read from the printed page and cleaned; old type leaves the occasional error.