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SIMON FIELDHOUSE

ARTIST 

               

McBain Building
Shanghai Club
Union Building
NKK Building
Russell Building
Shanghai Bank
Peace Hotel
Yokohama Bank
Yangtesze
EWO Building
Glen Line
Banque Lindo

THE BUND" -   SHANGHAI 

                    HISTORIC ARCHITECTURE

 

The Bund Shanghai
                                                                       THE BUND - SHANGHAI

McBain Building Shanghai       Shanghai Club         Union Building Shanghai      NKK Building Shanghai      Russell Co Building Shanghai
MC Bain Building                 Shanghai Club          Union Building     NKK Building                Russell  & Co

Great Northern Telegraph Building Shanghai          China Merchants Building Shanghai          HSBC Bank Shanghai             Customs House Shanghai
The Great Northern                    The China Merchants                    HSBC Bank Building                     Customs House
Telegraph Building                Steam Navigation Building

Bank of Comminications Shanghai           Russo Chinese Bank Shanghai            Bank of Taiwan Shanghai             North China Daily News Building Shanghai
     Bank of                           The Russo-Chinese Bank                      The Bank of Taiwan              North China Daily  
Commucications                                                                                                                                          News Building


Chartered bank of India Shanghai        The Palace Hotel Shanghai         Peace Hotel Shanghai          The Bank of China Shanghai              
Chartered Bank of India      Palace Hotel                 Peace Hotel               Bank of China               Yokohama Specie Bank
Australia and China

 

 Yangste Insurance Association Building Shanghai      EWO Building Shanghai      Glen Line Building Shanghai       Banque De Lindo Chine Shanghai
 Yangtsze Insurance                EWO Building                      Glen Line Building              Banque de L'indo Chine
 Association Building

 

McBain Building Shanghai

No. 1 The Mc Bain Building was better known in old Shanghai as the Shell or Asiatic Petroleum Company Building.  The Shell International Petroleum  Company which was established  in Shanghai in 1907 continued to operate in the building up until the beginning of the Cultural Revolution in 1966.


The building was owned by the George McBain Company.   George McBain had arrived in the Far East in the 1870s to work for a bank in Hong Kong  and soon diverted his interests to shipping on the Yangtsze River.  In addition he developed tobacco and oil-producing businesses in Sumatra.  George  McBain was highly respected , beloved by his employees whom he treated with kindness and consideration.
 
The building began to be erected in June 1913 and after a battle with the SMC about the appropriate installation of sanitary fittings the seven-storey  Renaissance-style building designed by Moorhead and Halse was completed in 1915.  It contained a series of flats on its top floor reserved for Shell  executives.  An eighth floor was added in 1939.
 
The back part of the building now houses a variety of companies including AIA.  The front part with the Bund entrance is still vacant awaiting new tenants.  All that is left of the past are two bronze plaques hearing the Shell log which are now housed in the Shanghai Municipal History Museum.

No. 2 The Shanghai Club Building was a three-storey neo-classical building in Shanghai along The Bund. The structure is now empty. The original Shanghai Club was a three-storey red-brick building constructed the British in 1861. The club was rebuilt in 1905.

The original Club was torn down and rebuilt in 1910 with reinforced concrete in a neo-classical design. The large first floor dining room had black and white marble flooring, while the entrance staircase used imported white Sicilian marble.

The club was a British men's club and was the most exclusive club in Shanghai during the heyday of the 1920s
 and 1930s. The membership fee was $125 and monthly dues were $9.
United States President Ulysses S.
Grant
was hosted there when he visited Shanghai in 1879.

The second-floor was famous for the "Long Bar." This was an unpolished mahogany, L-shaped bar that
measured 110.7 feet by 39 feet. On one side of the bar was a smoking room and library, while on the other
side was a billiards room. It was famous for being the world's longest bar at one time There were also forty
guest rooms on the second and third floors. It later became the Dongfeng Hotel, and even suffered the
indignity of  housing a KFC restaurant from 1990 to 1996.

No. 3. The Union Building is a building on the Bund in Shanghai, China. It is located at No. 3, the  Bund
 (formerly no. 4).Completed in 1916, the building was used by a number of insurance companies.  The six
-storey building was the first work in Shanghai of P&T Architects and Surveyors (Palmer &  Turner), and was
the first building in Shanghai to use a steel structure. The building occupied 2241  square metres, with a floor
 area of 13760 square metres. Because it had a narrow frontage onto the  Bund, the main door was located
on the adjacent Guangdong Road.  The building is in Neo-Renaissance style with a symmetrical facade,
but with some Baroque style  details. The roof features a domed corner pavillion.

In 1937, the Japanese Imperial Army threatened Shanghai. Being unable to indemnify war damages, the
insurance companies had their assets frozen. The Union Bank then purchased the building. In 1949 the
Union Bank evacuated from Shanghai in the wake of the Communist takeover. From 1953 the building
was used by the Shanghai Civil Architecture and Design Institute. In 1997 a private equity fund from
Singapore purchased the building, and in 2004 converted it to a "high-class" shopping centre, called
"Three on the Bund".

No. 5 The NKK Building

NKK had inhabited a collection of old buildings on the corner of the Bund and Guangdong Road, formerly used by a Japanese
fire insurance company, in 1907. By 191 the buildings within the compound of the Japanese Nisshin Kisen Kaisha Shipping Co.
were, by their own admission, regarded as an eyesore and they commissioned Lester, Johnson and Morriss to design their new
Renaissance-style premises. The building was completed in late 1921. NKK’s presence on the Bund, alongside other Japanese
interests, was indicative of the growing influence of Japan in China following the Sino-Japanese War of 1894-1895. The company
was formed in 1907 upon the amalgamation of the Osaka Shosen Kaisha (OSK) and other Japanese shipping lines. Two OSK mail
 steamers, under contract to the Imperial Japanese Government, were first put into service on the Yangtsze River in 1898 signalling
the first threat to Chinese and British dominance on China’s most important waterway. Less than 40 years later all British vessels were
banished from the river by the Japanese.

One of the earliest applicants for a space in the new building was a Japanese entrepreneur who wished to open a Turkish bath and
restaurant in part of the basement. In recent times, the building has again been open to businesses seeking a Bond address in quite
a different manner to those of its neighbours. Sections of the building, which is owned by the Shanghai Shipping Company, have
 been leased on short-term agreements by a few individualistic entrepreneurs.

 Part of the basement is now occupied by a British-run bar and part of the first floor is occupied by Design Republic, a lifestyle
design showcase established by Lyndon Neri and Rossana Ru. Three on the Bund also have their offices in the building.


It was, however, the transformation of the roof of the building into the now legendary M on the Bund in 1999, the Bond’s first
independently operated eatery in modern times, which set the benchmark for the subsequent development of restaurants and
cultural venues that were to follow. M on the Bund expanded its premises in the building with the opening of the Glamour Bar,
 below the restaurant, in June 2006.

No.6 The Russell & Co. Building

Although the opening of Dolce & Gabbana’s flagship store in July 2006 at No. 6, or 6 Bund as it is now known, marked a new chapter in the building’s history, its past still remains shrouded in a lacy veil of mystery. Acknowledged as one of the oldest buildings on the Bund, it is generally documented as being built in 1897 as premises for either the Imperial Bank of China or the Commercial Bank of China. It is actually the case that the Imperial Bank of China, which was later to become the Commercial Bank of China, opened its doors there in May 1897. However, the building itself was completed many years earlier than is generally realised as the new premises for Russell & Co., one of the most illustrious American companies to operate in China in the 19th century. Photographic evidence shows that the building, which was described as new, was there in 1886; whilst the American scholar Eric Politzer dates the building back to 1881. Indeed, it was in that year that the company first appeared as occupying No. 6 The Bund in a locally published Shanghai directory.


Russell Ez Co. was established in Cuangzhou by Samuel Russell in 1824 and its early importance to the civil and commercial life of Shanghai was witnessed by the fact that one of its agents, Henry C. Wolcott, was appointed as the first Acting US Consul in Shanghai in 1845. Another Russell man, Edward Cunningham, became American Vice Consul soon after and was a key figure in the establishment of the first Shanghai Council in 1854. Diplomatic associations continued through the 1870s until 1882 when the Consulate of Sweden and Norway was housed within the Russell compound. Their Consul Ceneral, K. B. Forbes, was also a partner in the company. In terms of firsts, Russell & Co. laid the first successful telegraph line in Shanghai in 1866 and established the Shanghai Steam Navigation Company—whose fleet was the first to fly the American flag on the Yangtsze River in 1867.


It was not long after, however, that competition came from the Chinese themselves with the founding of the China Merchants Steam Navigation Company in 1872 on the initiative of one of China’s most important statesmen, Li Hongzhang. Their first steamer, the Aden, purchased from the P & 0 Company, was the earliest merchant vessel to fly the Chinese flag out of Shanghai. The beginning of a short but eventful relationship, bound up in twists and turns, between China Merchants and their American competitors started in 1877 when the Chinese company purchased the entire fleet of 17 steamships from the Shanghai Steam Navigation Company. The company’s substantial property holdings, including land on the French Bund, were also transferred to the China Merchants. And, as the North China Daily News reported, the company added ‘steadily if not rapidly’ to its property portfolio in the early 1880s.


In the first major turn of events prompted by Sino-French hostilities in Indo-China, China Merchants sold their steamships and property back to Russell & Co. in July 1884. Although there were those who claimed that this was a practical business decision, the real motives became evident as the ships and properties were transferred back into the hands of China Merchants just a year later. As soon as the steamers arrived back in port in August 1885 they were stripped of their Stars and Stripes banners to be yet again replaced by those of the Chinese Dragon. In the same month, Russell & Co. announced themselves as commercial agents for the Viceroy of Chihili, Li Hongzhang’s official title, as well as general agents of the China Merchants Steamship Navigation Company for a period of three years.


he China Merchants Steam Navigation Company was reinvigorated after the return of its fleet and Li Hongzhang set about diffusing the cumbersome influence of Government officialdom by appointing two new directors to manage the company. The imposing figure of Sheng Xuanhuai, who also held the post as general manager of the Imperial Telegraphs, was appointed director general. He was not afraid of bringing foreigners into the business and Mr. Osborne Middleton, who had previously worked as general manager for Russell’s, went on to spend 25 years in the service of China Merchants before his retirement in 1908. During the disquiet of the Boxer uprising in 1900 the company transferred all their property, goods, and several of its ships into his name.


The events of 1884 and 1885 had not only provided China Merchants protection under the American flag, but had also given them an opportunity to shed their bureaucratic shackles and maintain business relations with Russell’s. The events also allowed China Merchants to acquire a Bund address in 1885. The company moved from its original premises just off the Bond on Hankou Road in August 1885 and took up residence at No. 9 The Bund shortly after.


The next astonishing chain of events began in the middle of 1891 when, like a shot out of the blue, the formerly omnipotent Russell & Co. was forced into liquidation, and W. S. Jackson was appointed as the underwriter. Jackson was acting secretary of the Yangtsze Insurance Association, to which Russell & Co. had been secretary before their collapse. The building, known as the ‘Red Brick House,’ was subsequently occupied by a number of companies, including the Shanghai Waterworks Company and the Sun and Standard Insurance Company, as well as being used as a private residence.


Soon after the roof of the building had been destroyed by an intense fire on the morning of 7h April 1893, the property
was transferred into the hands of China Merchants. It was registered, rather unusually, at both the American and British Consulates in October 1893. The North China Daily News reported that it was, in fact, purchased by Viceroy Li as an investment for his son. Russell’s were already in debt to Li Hongzhang to the tune of 100,000 silver taels and he secured the grand building for an extra, very modest, sum of 310,000 silver taels. And this is where another fable begins. It is generally documented that China Merchants were the first Chinese company to have a presence on the Bond from that date on. In fact, they had already had their headquarters on the Bund for the last eight years at No. 9 the Bund .


Li Hongzhang had other plans for No. 6. The building’s first new occupant, under the new regime in 1893, was the China Land & Finance Company—a company formerly operated by Russell & Co. themselves. Their agent in the building,
Mr. C. H. Wheeler, had been a signatory for Russell from 1882 until its collapse, and he was also director of the Yangtsze Insurance Association.


Sheng Xuanhuai, the director general of China Merchants, was behind the foundation of the Imperial Bank of China, which took over the premises in 1897. The bank, which is regarded as China’s first modern Chinese banking institution, had been set up to finance the building of the Beijing to Hanlrou railway. Around one-third of the registered capital was in the name of China Merchants and, in keeping with their modernist tradition, the bank was organised as a merchant undertaking endowed with government protection. Like China Merchants, the bank employed foreign staff and its first manager, Mr. A. Maitland, was formerly an employee of the Hongkong and Shanghai Bank. Despite its foreign manners, the bank was hindered by over- interfering Qing officials, but matters improved following their downfall in the 1911 Revolution when the bank’s English name was changed to the Commercial Bank of China. Following the relocation of the telegraph companies from No. 7, next door, the bank took over their premises in 1922.


Another financial institution, the P & 0 Banking Corporation, occupied the building for most of the 1920s and 1930s. They temporarily vacated their
premises in 1936 and 1937 to allow extensive renovation work to take place on the building—inside and out. As part of the scheme, its red brick face,
which had become unfashionable in a period of Art Deco inspired modernism, was smothered with a plain coating. Today, no interior trace is left of
 its Victorian heritage or of its 1930s makeover and the building’s exterior has a brand-new icing cake finish. At today’s 6 Bund, the upper three floors
of the building are devoted to fine cuisine and high living.

 

No. 7.  The Great Northern Telegraph  Company Building.  

A large fire in October 1905, atop the new offices being built for Shanghai’s first provider of telegraphs and telephones, took over two hours to extinguish and delayed the completion of the building for a whole year. The roof collapsed and the entire third floor and attic had to be rebuilt. The building, which eventually opened in January 1908, also housed the offices of the British owned Eastern Extension and the American owned Commercial Cable telegraph companies.

 Originally there were three Bund entrances leading to the respective company offices. The Great Northern Telegraphy Company,  a Danish concern, had laid a line  to Beijing in the early 1880s and  had completed the one to  Nagasaki before the new offices  opened.  he building, in Renaissance  style, designed by Atkinson &  Dallas, housed some stare-of-the  art equipment, including a  pneumatic tube system to  handle the telegrams and a lift  made by Smith & Stevens of  London. Public telephones were  found in abundance in the  ground floor hall.

The Great  Northern Telegraphy Company  occupied the first floor, and  most of the Bund frontage was  given over to a series of fine suites for its manager, engineer and accountant. The flags of the three nations present in the building used to fly above the building before the telegraph offices were moved to a new building in East Yan’an Road, behind No. 1 The Bund, at the end of 1921. In the following year the Commercial  Bank of China, which was previously next door at No. 6, moved its business into the building.  The Bangkok Bank took over part of the premises in 1995 and, as in days gone by when numerous consulates occupied the Bund’s buildings, the Royal Thai Consulate-General also took up residence.

No. 9 The China Merchants Steam Navigation Company Building  

The history of this building is inextricably linked with that of the former Russell & Co. Building at No. 6 The Bund (see page 122). The China Merchants Steam Navigation Company, the first Chinese company to establish itself on the Bund, had occupied the site of No. 9 and the so-called Stone House buildings to the rear on Fuzhou Road since 1885. The present red brick building, designed by Atkinson & Dallas, was opened in 1901.

The company, which was taken over by the Nationalist government  in 1928, was again reorganised  in the early 1930s in an effort  to improve its efficiency and to  stamp out corruption. In a  dramatic incident, its general  manager, Mr. C. T. Chao, was  shot dead in broad daylight by  two Chinese assassins at the  steps of the building in July  1930. By that time, the Stone  House buildings had fallen into  such a state of dangerous ill-  repair that plans, which were  never to materialise, were laid  for the reconstruction of the  entire site.  The China Merchants  shipping fleet again obtained  protection under the American  flag in 1937 when William P.  Hunt and Co. took a majority  stake in the company, in order,  as it turned out temporarily, to  circumvent its seizure by  Japanese interests. Hunt’s  leased the building out to the  Deh Lee Trading Company in  September 1939.

 The building is once again flying the flag as the fashions on display in Shiatzy Chen’s flagship store, which opened in October 2005. exhibit a distinctively Chinese heritage amidst the parade of Western fashion marques that now dominate the Bond. The building’s Chinese pedigree made it an obvious location for Ms. Shiatzy Chen’s ambition to create a strong Chinese presence on the Bund. China Merchant Holdings, which had been back in charge of the building since 2001, were fully in accord with her  ethos. Work on restoring the original, red brick exterior look and on converting offices into a modern and artistic showplace for Shiatzy Chen’s exquisite creations began in late 2001.

The interior was fashioned by the renowned Indonesian designer Jaya Ibrahim. Launched. in 1978, Shiatzy  
Chen has 40 stores in her native  land, opened her first store in Paris  in 2001, the first in Shanghai in  2003,
 and plans to have 50 mainland  outlets by 2010.  Three smaller, independent  outlets, housed in the old Stone  
House buildings to the rear of the  building, also parade Chinese  inspiration in the form of fine handcrafted  
porcelain, modern Chinese  art and skilfully hand-embroidered  footwear.

No. 12 The HSBC Building

The HSBC Building has been called ‘the most luxurious building from the Suez Canal to the Bering Strait”.

The building has a floor area of 23,415 m2, and was, at the time, the largest bank building in the Far East, and second largest in the world, after the Bank of Scotland building in the United Kingdom. The building exterior adopted a strict neo-classicist design, with a tripartite vertical and horizontal division. In the centre is a dome, the base decorated with a triangular structure in imitation of Greek temples. Below that are six Ionic columns penetrating from the second to the fourth storey. The main structure is five storeys, the central section seven storeys, with one and a half storey for the basement. The main structure has a steel lattice with brick filling, and a granite exterior.

The interior was luxuriously decorated, using materials such as marble and monel. The whole building was fitted with heating and air-conditioning. The main trading hail has eight columns hewn from whole blocks of marble, which was at the time unique in Asia.
Behind the main building is a subsidiary building which houses bank offices, safes, and vaults.

On March 4, 1865, HSBC opened its Shanghai branch on the ground floor of the Central Hotel (now Peace Hotel) on the corner of the Bund with Nanjing Road. By 1874, HSBC’s business had grown so much that the existing premises was becoming cramped. The bank then purchased the Foreign Club, a three storey building at number 12, the Bund, south of the Customs House, for 60,000 taels of silver. In 1912, the bank made further acquisitions at number 10 and number 11, the Bund, and began construction of the new building. Construction began on May 5, 1921, with the dome capped off on June 23, 1923. According to contemporary press reports, at the time of construction the bank hired feng shui masters to select the time and direction of the first excavation. In accordance with Chinese tradition, coins from around the world were buried in the foundations. Specially minted coins were placed in dark recesses of the building to ward off spirits. The construction took 25 months, and the completed building occupied 1.3 hectares, with an area of 23,415 m2. The architect’s firm, Palmer & Turner, also designed numerous other buildings on the Bund including the Yokohama Specie Building, Yangtze Insurance Building, and Bank of China Building.


During the Second World War, the HSBC building was occupied by the Japanese Yokohama Specie Bank. HSBC moved back at the end of the war. The Communists took over Shanghai in 1949. HSBC continued to operate in the relative freedom of the early years of the People’s Republic. However, in 1955 the political situation led the bank to scale down its operations in Shanghai. The building was handed over to the government, and HSBC rented separate offices nearby. Later in that year, the Shanghai Municipal Government moved into the building. The building’s name was changed to “The People’s Government of the Municipality of Shanghai Building”, or “Municipal Government Building” for short. The subsidiary building housed the Municipal Archives from 1956.


In 1990, the Municipal Government began moving civic institutions out of the Bund in favour of commercial institutions. HSBC made contact with the Municipal Government on repurchasing the building, but negotiations failed due to price reasons. In 1997, the Municipal Government moved out of the building, and the Shanghai Pudong Development Bank obtained the lease to the building. During renovations, spectacular murals were uncovered in the building. HSBC’s Chinese office is currently headquartered at HSBC Tower, Shanghai. Out of feng shui considerations, the bank ordered two bronze lions from the United Kingdom at the time of construction, to be placed outside the front doors. The two lions were named after the Hong Kong branch manager, A.G. Stephen, and the Shanghai branch manager, G.H. Stitt respectively. They were scuitped by W.W. Wagstaff and poured by Chou Yin Hsing. In 1935, a copy of these lions were placed in front of the new HSBC building, Hong Kong in Des Voeux Road.


The Japanese occupied Shanghai (International Settlement) and Hong Kong in 1941. In 1943, with a material shortage on their hands, the Japanese decided to transport the two sets of lions to Japan. The Hong Kong lions were transported along with statues of Queen Victoria and the Governor of Hong Kong, Sir Thomas Jackson. They were stored in Yokohama, and discovered by the American occupation force in
1945. The Shanghai lions were sawed off but not removed.


In 1966, with the Cultural Revolution erupting throughout China, the Shanghai Artefact Administration Board moved the
lions to be stored in the warehouse of the Shanghai Comedy Troupe. In 1980 they were handed over to the Shanghai
Museum. In 1997, when the Pudong Development Bank moved into the building, a copy of the original lions were
made and placed in front of the building.

 


No. 13 The Customs House  is an eight storey building on the Bund, Shanghai. Built in 1927, the building
remains a customs house today. Together with the neighbouring HSBC Building, the Customs House is seen as one of
 the symbols of the Bund and Shanghai.

The Shanghai Customs House was first set up in 1684, when the Kangxi Emperor lifted the ban against sea trade after
conquering Taiwan. To facilitate trading along the east coast of China, the Qing government set up four customs
houses in the four coastal provinces of Jiangsu, Zhejiang, Fujian, and Guangdong. The Jiangsu Customs House
was built in Shanghai, then a part of the province. The name “Jiangsu Customs House” was abbreviated to
“Jiang Customs House”, or “Jiang Haiguan” in Chinese. The principal customs house was set up just outside the
 east gate of the walled city of Shanghai, by the Huangpu River.


With the development of overseas trade in Shanghai, the location of the customs house became increasingly inconvenient, with foreign merchants preferring to berth their ships further out to sea, near today’s Bund. The governor of Shanghai then set up a check point at the south end of the Bund. Upon further insistence by the British consul to move the customs house inside the British concession, a new customs house was built at the present site. This new house is known as the New Customs House, North Customs House, or “Foreign Customs House”, whereas the old customs house was known as the “Grand Customs House”. In 1853, the rebelling Small Swords Society burnt down the Grand Customs House. In 1860, the Taiping Revolution Army burnt down the rebuilt Grand Customs House. It was decided not to rebuild the Grand Customs House, with the current building becoming the new headquarters.


During the rebellions, the British authority declared the concession to be neutral. They then forced out the Qing officials from the North Customs House, on the grounds that they could not collect customs in neutral territory. After the rebellion, the Qing authority in Shanghai was forced to set up customs authority, first on two gunboats parked across the river in Pudong, then on the north bank of Suzhou River. However, foreign merchant vessels ignored these ineffective customs posts.


In 1854, the British authority obtained the power of customs in the concession. The British, French, and Americans each nominated one person to form a Foreigners Tax Committee, which operated from the Customs House. Subsequently, the Qing government agreed to appoint a British as an inspector general of the newly formed Chinese Maritime Customs Service. In 1857, the Shanghai government spent 6800 taels of silver to rebuild the North Customs House. In 1863, Sir Robert Hart was appointed to the position of inspector general, a position that he would hold until 1911.


The building as rebuilt in 1857 was a traditional Chinese building in the Yamen style. It was fronted with a monumental arch (pailou) and two flag poles. By 1859, this building was becoming outdated. The governor of Shanghai then applied for funding to rebuild it. Robert Hart chose a Gothic design, with a five-storey rectangular clock tower in the centre, and two three-storey wings beside it, surrounding a quadrangle.


This building was again demolished in 1925 to make way for the current building, designed by P & T Architects Limited (Palmer and Turner). The new building was completed in December 19, 1927, and cost 4.3 million taels of silver, twice the budget. The building remains a customs house today.


The present Customs House occupies an area of 5722 m2, with 32680 m2 of floor space. The building is in two section: the eastern section is eight storeys tall and faces the Huangpu River. It is topped by a clock tower, which is eleven storeys or 90 metres tall. The western section is five stories tall, and faces onto Sichuan Road. A reinforced concrete structure was used. The exterior follows a Greek-revival NeoClassicist design. The eastern section is entirely surfaced in granite, as are the first two storeys of the western section, with the upper three storeys faced with brown bricks. The main entrance has four Doric columns. Eaves are founda bove the first and second storeys, with a larger one above the sixth floor. Large stone columns penetrate from the third to the sixth storey.


Inside the main entrance is the main hall. Marble columns are decorated with gold leaf. At the centre is an oxtagonal dome, with mosaics on the eight sides.

 

No. 14 The Bank of Communications Building  

The original premises occupied by the Bank of Communications on the Bund had been built in 1902 for the German Asiatic Bank by Heinrich Becker, who also designed the Russo-Chinese Bank next door. Following the denial of German extraterritorial rights in l91? The bank was closed in August of that year and forced into liquidation by the Nationalist government. A. C. Stephen of the Hong Kong and Shanghai Bank was entrusted with  overseeing the dissolution of the  institution. The Bank of  Communications moved in on  25 th February 1920. The second  and third floors of their new four story,  Italian neo-Renaissance style  building had been formerly  let out as luxurious apartments.  The Bank of Communications,  one of China’s oldest banking  institutions dating from 1908,  was created by a special charter  allowing it to handle all revenues  from the railroads, posts and  telegraphs, as well as the  administration of ocean and river  navigation. A further charter  was granted by the Republican  government in 1914 that  permitted it to deal in  government bond issues and  treasury notes.  Whilst work on rebuilding  the bank was underway in 1948,  a safe, dating back to the years  of its original German  occupants, was found hidden  deep in its walls. Despite  speculation that it contained  secret German documents or a  hoard of gold and gems nothing  of interest was brought to light. The building’s architect, C. H. Gonda, who put together designs for the building 11 years earlier, had revolutionized the appearance of bank buildings in Shanghai with his modernist design for the Bank of East Asia on nearby Central Sichuan Road in 1928.

 

No. 15 The Russo-Chinese Bank

The opening of the Russo-Chinese Bank on 26” October 1902 caused quite a stir amongst Shanghai’s foreign community, many of whom thought it looked totally our of place on the Bund. As it turned out the building was to set the trend for modern European style buildings which would later emerge along the entire waterfront. Heinrich Becker, who had studied in Munich, came to Shanghai in 1899 where he won the open competition for the design of the bank. His design in Italian Renaissance style, using natural stone, was very much in vogue for prestigious European bank buildings of the era. Becker was assisted in the project by British architect Richard Seel, who had previously designed the Government Buildings in Tokyo. Despite some claims that the building was by Becker & Baedeker, including that on the heritage plaque outside, Becker didn’t enter into partnership with Mr. C. Baedeker until 1905. The building was successfully completed within two years in spite of numerous hindrances, including the desertion of numerous artisans and labourers during the tumultuous Boxer uprising of 1900.    

  The building was quite revolutionary in terms of technical sophistication and artistic interpretation. The bank had its own electric generator and, apart from being the first building in China to be equipped with an elevator, it was fully heated with hot air pipes and every single desk was served by two electric fans and two electric lights. Inside the building a beautifully decorated central hall extended through the three-storey structure which was accessed by way of an intricately carved, grand marble staircase. On the interior walls there were sculptures of iron smelting, agriculture, coal-mining and textile manufacture, as well as of tea, cotton, shipping and electricity. On the third floor two handsome apartments for the managers opened onto the stone veranda and magnificent stained glass ran around the hallway.     

 Thankfully, much of the original internal decoration still survives though, as the building houses the Shanghai Gold Exchange, it remains well hidden from public view. However, all the outside adornment, including two groups of statues    representing industry and commerce and three masks depicting a Chinese flanked by two Russians on keystones above the ground floor windows, has been lost.       The building today provides one of the best illustrations on the Bund of the settling process. There are now two steps down, rather than up, to the entrance hall. An SMC engineer noted in 1923 that this building in particular had ‘subsided to a    considerable degree,’ but went on to note that the pavement level was also much higher than it was when the building was constructed.       

When it was first established in Shanghai in 1896, the Russo- Chinese Bank had just five European clerks. When its new building opened its Dutch manager, Michael Speelman, one of only two Dutchmen resident in Shanghai at that time, had charge of over 50 clerks. A new innovation for the bank was the installation, on the ground floor, of 300 safe-deposit boxes for its customers. The Russo-Chinese Bank established the Chinese Eastern Railroad Company and was amalgamated with the Banque du Nord in 1901. It later became the Russo-Asiatic Bank and in 1925, at the time of its liquidation, its property deeds were handed ovcr to the Chinese Maritime Customs who held an extensive credit balance with the institution. A deal was made in 1928 and the Central Bank of China took over the property, with H. H. Kung, later to become the Nationalist Governmeht Minister of Finance, as governor. The building also housed the office of Thomas Cook, travel agents, who had established their first office in China at Shanghai in 1910. The patriarch of the family firm wasn’t too impressed by the native elements of the city when he paid a visit on his first round-the-world tour in 1873.   

The two, really out of place, Art Deco, three storey block buildings, which still survive to the south of the main building, were erected in 1930 primarily to provide storage for silver which couldn’t be accommodated in the bank’s existing vaults. However, much of the silver was shipped abroad when the bank was evacuated during the Sino-Japanese hostilities of 1937. Directly after the evacuation the bank was temporarily used as the offices for the Russian Regiment of the Shanghai Volunteer Corps—a salaried detachment of Shanghai’s long established volunteer militia. In 1938, the building provided classrooms for Chinese students from the Ellis Kadoorie School and the Nieh Chih Kuei Public School which had been forced to relocate because of local hostilities. The new Central Bank of China, under the control of the puppet government in Nanjing, took over the premises in November 1940.    

  In one of the outbuildings, and again looking out of place in its posh neighbourhood setting, the small Three Gun store, a    state-run enterprise parading a selection of old-fashioned knitted undergarments, looks as though it has been there for time immemorial. It only took up residence, however, in 1993 and chose the spot purely on commercial grounds. The Three    Gun brand was originally established in Shanghai in 1937 by Gan Tinghui in response to the Japanese aggression which    had resulted in a boycott of Japanese goods in the city. He combatively named his company following three consecutive successes he had scored in shooting competitions. In 1966, the company, among others, was incorporated into the Number 9 Knitted Garment Factory of  Shanghai. The Three Gun brand was resurrected in the period of reform following the death of Mao Zedong in 1977 and in 2005, as one of China’s largest producers of undergarments, it gained the sole rights to produce and sell children’s clothes for the Disney brand. Adjoining the shop are two even smaller spaces housing ATMs for HSBC and the Bank of East Asia—two  mammoth banking institutions which now only have a token presence on the waterfront.

No. 16 The Bank of Taiwan

The Bank of Taiwan, which was a Japanese private joint banking venture, first opened a branch in Shanghai in 1911. The Japanese, who had occupied the island of Taiwan after the Sino Japanese War in 1895, continued to do so until the end of the Pacific War in 1945. A couple of startling discoveries were made when foundation work on the new building began in early 1925. A mouldy old coffin, estimated to be 200 years old, was uncovered, as was a section of brick wall four feet wide and elve feet deep. The wall baffled the experts who later came to the conclusion that some form of river wall had been in existence before the British arrived. This was more than likely the case as the course and dimensions of the Huangpu River had historically been subject to rapid change. The walls and main entrances of the banking hall were in Italian marble and the floors originally had a rubber tile finish.

Today, apart from the intricate marble balustrades on the mezzanine floor, the original marble in the banking hall has been replaced. Presumably the original marble survived only on account of the expense or the difficulty of recreating it. The two floors above the main banking hall were originally rented out, whilst the top floor provided living quarters and recreational rooms for bank staff. Scars on the Japanese granite face of this neo-Crecian building tell of the harsh treatment it received at the hands of workers whilst ‘restoring’ the surface in 1997.


The bank had temporarily occupied the northern part of the ground floor of the North China Daily News Building next door whilst their new premises were being erected. The architects Lester, Johnson and Morriss moved their offices to the new bank building after
it was completed in 1927.

 

No. 17 The North China Daily News Building

The new building for the North  China Daily News was formally   opened in February 1924 to  commemorate the diamond jubilee   of a newspaper that had begun life   as a weekly broadsheet, the North   China Herald, in 1850 prior to   becoming a daily publication in   1864. Its proprietorship had been   in the hands of the Morris family,   British Catholics of Jewish descent,   since 1880 when Henry Morris   took a controlling interest in the   business following his marriage to   Una Pickwood, the daughter of a   former proprietor. Henry, who had   a great passion for horses, set   himself up as a successful bill   broker after his arrival in Shanghai   from Bombay in 1866.

 He also   accumulated large areas of land in   the city, including a large estate   to the south of the racecourse   (today’s People’s Square) which   became known as Morris Village   or Morrisville. Appositely, his   death at the age of 76 in 1911 was   attributed to a riding accident a   year earlier. Henry senior’s   passion for horses was adopted by   his son, Henry junior, also known as Harry,   chairman of the company when the new   building opened, and whose horse Manna was the winner   of both the Two Thousand Guineas and the   English Derby in 1925. enthusiast and used to walk his dogs   from his substantial estate, today’s   Ruijin Guest House, to the Canidrome   Dog Track next door. Gordon, another   of Henry’s sons, was also a director of   the paper, as well as a partner in the   company that erected the new offices.  

 It wasn’t until 1901 that all the   papers’ offices and presses were moved   to the present site on the Bund. At one   point, the residents of the Chartered   Bank next door obtained a court   injunction to stop the hammering noise   of the presses’ engines that were   keeping them awake at nights. The new   building was especially designed in two sections with a rear part, where the presses were   placed in the basement, separated from the front part by a hollow wall. The first papers   would be gathered from the presses at three in the morning. On the top floor, two luxury   flats provided the highest habitable spaces in the city, and the paper’s editorial offices were   located on the fifth floor. For most British in the city life without the Far East’s leading   British newspaper and bastion of Empire would have proved unthinkable.   t was Asia’s empire builders who were to put a temporary end to the illusion.

A local   Japanese newspaper, the Tairuko Shimpo, remodelled the building and installed their   own machinery inside after they took possession in December 1941. However, within a   week of the end of the Pacific War, on 21” August 1945, former employees R. W. Davis, the   paper’s secretary and manager, and assistants Haslam and Yung, who had all been inmates at the Japanese internment camp in Pudong, walked in and demanded their building back. At first they feared that the newspaper’s valuable and voluminous archives had been lost as they were nowhere to be seen. Fortunately, a representative from Jardine, Matheson & Co. phoned from down the Bund to inform them that they were safe in their offices. They were scheduled to have been sent to Tokyo.

The newspaper’s furniture and equipment was later found scattered all over Shanghai. Remarkably, ‘The Old Grandmother or Lady of the Bund,’ as she was affectionately known, continued publication after 1949 and was only closed down on 31 March 1951 following its coverage of the Korean War.   Another great institution, the American Asiatic Underwriters (AAU), brainchild of a young American, Cornelius Vander Starr, occupied many floors of the building after 1927. Starr, who established the company in Shanghai in 1919, was to build up the largest insurance empire in Asia, the forerunner of today’s leading global insurance company, AIG (American International Group, Inc.).  

 Apart from his insurance   interests Starr had a massive   hand in Shanghai’s realty   business and was the owner of   Shanghai’s only American daily   newspaper, the Shanghai   Evening Post & Mercury.   Like those of the North   China Daily News, the offices   of AIG’s & rerunner were   opened within a week of the   end of the Pacific War and,   although closed in 1950, they   made a grand comeback almost  half a century later in 1998.

No. 18 The Chartered Bank of India, Australia and China

The Chartered Bank of India, Australia and China was the oldest of the foreign banks in Shanghai. It was established in 1853 and opened its first branch in Shanghai in 1857. Three earlier banks— the Oriental, the Chartered Mercantile and the Agra were to flounder. The site on which the building stands was purchased from the Oriental Bank in 1893. Lions’ heads on sandstone bronze lamp brackets, emblematic of the British nationality of the bank, once adorned each side of the entrance gates. Floral motifs from the surviving English made bronze gates, which despite their Creek detailing had an Oriental feel, were used in the banking hall. Originally, carved keystones, representing India, Australia and China, incorporating rams’ heads were set over the ground floor windows.

The entrance vestibule featured four Brecchia marble columns, and the walls were lined with a rich, cream colored,
Pavonazzo marble on a black plinth. The original floor was in Roman marble mosaic and the ceiling of fibrous plaster. With the exception of the woodwork, the whole of the wall, floor, coffered ceiling and sculpted Italian marble found on the ground floor was shipped from England. The entire ground floor and the basement were occupied by the bank. The steel framed building, designed by Tug Wilson in a classic neo Greek style with little ornamentation, rested on two reinforced rafts, one for the main block and one for the back block where the treasuries were situated. The contractors, Trollope H Colls, had erected the head office of the bank in London some years earlier. The Shanghai branch was opened in early May 1923 at a ceremony presided over by Sidney Barton, the British Consul.

Iust over 80 years later, in 2004, the building reopened to great acclaim as Bund 18. Its Taiwanese developers had spent considerable effort in restoring as much as possible of the original architectural vision, besides incorporating harmonious modern addtions to satisfy pesenr day needs. The entrance and banking hall now plays host to a range of luxury emporia, including Cartier and Zegna. Zegna’s new headquarters are found on the third floor. The upper floors house the Bund 18 Creative Centre, the Tan Wai Lou Chinese Restaurant, and Sens Sc Bund with its rooftop Bar Rouge. Sens Sc Bund is managed by the Michelin 3 star rated Pourcel brothers and Bar Rouge has evolved as the choicest of night-time destinations.

The restoration was presided over by Pilippo Gabbiani of Kokaistudios. Mr. Gabbiani’s family, themselves distinguished traditional glass makers, bought Marco Polo’s former house in Venice when he was just eight and, from that day on, China was his dream. Filippo fell in love with China on his first visit in 1991. He had his first experience of architectural restoration work at the age of 19. His work on Bund 18, alongside four of his staff, started in 2002 with an intensive three month critical survey of the building. The restoration phase took one year, during which the Chinese staff were trained in restoration techniques that had long been forgotten. Work went on day after day, 24 hours a day, with the project proving to be one of the most challenging Mr. Gabbiani had ever undertaken.

He ensured that no attempt was made to reproduce or imitate the old design features and style if they could not be restored. ‘For me it is important that you leave the fingerprint of what you did in a very readable way—so in the future people can be able to recognise what is original and what was added when and how.’ His work, and that of his team, was rewarded with Bund 18 winning the Award of Excellence in the 2006 UNESCO Asia Pacific Heritage Awards.

No. 19 The Palace Hotel

The Central Stores Company, which was largely financed by Edward Ezra, a representative of one of the three great Sephardic Jewish families that were to dominate the hotel scene in Shanghai, took over the Central Hotel on the southern corner of Nanjing Road and the Bund in  1896. Despite a sharp increase in tariffs, guests were still being turned away and plans for replacing it with the much larger and modern Palace Hotel were drawn up in 1904. The work was to be undertaken in two stages with scheduled completion dates in 1906 and 1908. Building began on the first section of the hotel  in late 1904, with its cornerstone being laid by the chairman of the Municipal Council, Mr. F. Anderson, on 21 January 1905. The project, however, was blighted with construction problems from its outset and the western section of the hotel, which was due to be completed in October 1906, wasn’t actually opened until April 1907.  As soon as the first section was completed, the old Central Hotel was pulled down and work on building the front part of the hotel facing the Bund began in August 1907.

Again, building work was slower than expected and, with a fire on the roof in December that year the company had to resort to buying another property a mile away to keep up with the rapidly expanding demand for hotel rooms.  Despite the surviving 1906 inscription over the main entrance, the whole building wasn’t fully completed until October 1909. However, the fourth and fifth floors of the front section were opened on 1” February 1909 in time for the landmark meeting of the International Opium Commission, an event that is commemorated by a plaque outside the hotel today.  As soon as the hotel was completed, its architects, Messrs. Scott & Carter, came under intense criticism from Moorhead and Raise, architects, in a 23-page report detailing their failures in providing proper plans and guidance for the contractors. The death of Mr. Carter, during the course of its construction, wasn’t given any consideration. The building was seen as something of a ‘house that Jack built,’ as the settling process had left walls, windows and doors askew, and the ‘general finish of the bedrooms was the worst we have yet seen in Shanghai in a building of any pretensions.

The architects placed a strong accent on color and rendered the building in their locally interpreted ‘Victorian  Renaissance’ design. Most of the ground floor was originally taken over by shops, whilst the whole of the top floor accommodated a dining room, which could seat 300 people, and a 200-seat banqueting hall, which had access to the roof garden. The hotel had its own foreign-managed dairy farm and cultivated a large kitchen garden to supply its fruit and vegetables.  In line with its attempt at architectural bravura, the early years of the Palace Hotel were beleaguered by management problems, and yet another fire in August 1912 destroyed the hotel’s signature roof towers. They were only recreated in 1998. Apart from poor management, overpriced facilities and complaints over the quality of the food, the Palace gained a macabre reputation following a series of guest suicides. For some new arrivals the pressure of finding their feet in Shanghai society proved too much.

Things began to turn around for the hotel when the Central It Stores was reformed as The Shanghai Hotels Ltd. in 1917. Net income more than doubled over the 1918—1920 period and the hotel was again turning hordes of would-be guests away. With the formation of The Hong Kong and Shanghai Hotels Ltd. in 1923 plans were set, at an indefinite future date, to replace the Palace Hotel with a more modern structure. However, in the meantime, the whole of the ground floor of the hotel was vacated of its shops and the company set about a major remodelling of the hotel, with Palmer and Turner presiding over the job. A few years later Tug Wilson remarked that the Palace Hotel ‘was never a thing of beauty, butit is to be hoped that it will soon give way to something better. The highly successful Palace Hotel Tea Lounge, occupying the Nanjing Road frontage left of the lobby, was opened in 1925. It was partnered, in 192 by an Italian-style grill room, with an orchestra shell between the two allowing after-dinner dances in the tea lounge. The grill-room was separated from the tea room by silk portieres lit by multicolored lights which remain to this day.

To the right of the main lobby, a soda fountain leading into a wood- panelled snack restaurant and a Jacobean-style bar was opened in 1926. New bronze and glass windows were installed, peaked by a canopy of the same materials extending along the entire Nanjing Road frontage. The changes dramatically increased the hotel’s profitability.  During the 1930s the Palace Hotel Tea Lounge. Meanwhile, the grill room had adopted a Russian flavor with the appointment of C. Podbelsky, late of the Astoria Hotel, St. Petersburg, and the Hotel de France in Moscow. His famed dishes included Kiev cutlets, Ceorgian meat orders and the most famous Russian soups.  Whilst all was well on the culinary  front, the building itself was feeling the  effects of age, and suffering at the hands  of modern skyscraper luxury hotels,  namely the neighbouring Cathay Hotel  and the Park Hotel on today’s People’s  Square. Hotel rates were cut and plans were again laid to demolish and rebuild  the hotel in 1939.

However the uncertainty brought about by the events in 1937 resulted in a full renovation of the guest rooms instead. Further renovations took place after the Japanese vacated the hotel in 1945, and the top two floors of the hotel were requisitioned by the American Navy, who stayed until October 1946.  Perhaps the Palace’s most inconspicuous military guests were troops from the People’s Liberation Army who were billeted at the hotel in May 1949. The commander of the several hundred troops first asked if they could be given rooms at half price. The manager agreed to this, and then the PLA officer explained that the soldiers were not used to such luxurious surroundings and asked if it would be too much trouble to remove the furniture from the rooms. Finally, the troop commander said that perhaps some of the hotel’s permanent guests, particularly foreigners, might be upset to see a lot of soldiers coming in and out and asked whether arrangements could be made for his men to use the back door. The China Weekly Review reported that ‘the persons working in the hotel say you would never know the soldiers were living there. The quiet Communist revolutionaries closed the door on Nationalist Party rule in China that had been celebrated in the very same building on 29” December 1911 when Dr. Sun Year-end entertained over 100 of his boisterous revolutionary followers after his election as President of the Republic of China. In recent years a number of potential investors have been eyeing the building, used as the south wing of the Peace Hotel, with a view to revolutionizing its use yet again.

 

No 23 The Bank of China

The Bank of China had occupied the former premises of  the Club Concordia, or German Club, for over 12 years before they decided to build a new one on the site. With China’s   announcement of war with Germany diplomatic ties between the two countries were severed and German extraterritorial rights were renounced in March 191. The life of the gingerbread-like club building, which had long  been a playground for Anglo  Saxon camaraderie, where  nationality was a matter of  circumstance, came to an abrupt  end on the sunny afternoon of   17 August 1917. Just before 5.00 p.m. a posse from the Shanghai Municipal Police, under  the charge of Captain Edward Ivo Medhurst Barrett, surrounded the building. Irish-born Inspector  Bourke and Mr. S. K. Chen from the Bureau of Foreign Affairs entered the club to inform its members that it was time to drink up for the last time. The Germans were allowed to finish their last drink in peace and one requested that the Inspector join them for old time’s sake.

He was reported to have replied that ‘I’ve had many a one with you at the Recreation Club, and it’s my sincere hope that we’ll have more together when this damned war is over, but today, excuse me, for I’m on duty and if it was reported that I’d had a drink with you, I’d be sure to get into trouble.’ The Germans shook the hand of the officer in understanding, drank up and burst into an impromptu rendition of Deutschland, Deutschland as they abandoned their past haunt. The club’s residents were allowed a further eight days to vacate the building.  Despite its new Chinese ownership, some of the foreign community made calls for it to be reopened as some form of club, perhaps for the enjoyment of the Allies, or as a cultural centre. Others pointed out that Shanghai was primarily a place for making money rather than merrymaking and that the building should be put to commercial use. In the end, the Bank of China took over control of the property in 1920, and, following extensive renovations, opened their offices there on the 20 February 1912. They also erected a new building, next door on Dianchi Road, which was used as a vault capable of storing 80 million dollars worth of silver. Atkinson & Dallas presided over the building work.

The Club Concordia was founded in 1865 and work on its new Bund premises, to the designs of Heinrich Becker, began in 1904. Unlike the Shanghai Club, the palatial Club Concordia, which opened in February 1900 was not averse to boisterous entertainment on its premises. Initiated in 1910, the club’s annual masquerade ball soon became the greatest event in Shanghai’s social calendar. The club found its way into the record books in 1913 when a capaciry crowd of 1,000 party going masqueraders consumed  1,011 bottles of champagne. The Bank of China had little to celebrate over its attempt to get into the record books. The definition and execution of the plans for one of the Far East’s most costly and ambitious buildings were to be fraught with difficulties. By late 1934 initial plans to build a 33 story, 380-foot skyscraper, 11 storys higher than the monumental Park Hotel which had just been completed, were scrapped. A new scheme, featuring twin towers reaching up 24 storys on the Bund and 26 storys on Dianchi Road, was proposed but in the end a building of much more modest stature actually materialised. Even though the completed building was 17 storys high, it still fell one foot short of Sassoon House next door. The precise reasons for the drastic reduction in the building’s height remain shrouded in mystery.

It is still popularly believed that Sir Victor Sassoon had a large part to play in dwarfing the Nationalist government’s landmark edifice. The Peace Hotel, the present occupiers of part of the old Sassoon House, even retold the story in a 2004 edition of their newsletter. They quoted ‘Crippled Sassoon’ as saying ‘here is the British Concession and any house built next to my building is not allowed to be higher.’ The story goes on to say that the SMC refused the building’s plans on technical grounds as they would have caused damage to the neighboring buildings. Sassoon, albeit indirectly, certainly had influence within the upper realms of governance in the form of H. E. Arnhold, a director of his Cathay Hotels Company and Chairman of the SMC at the time. Moreover, Sassoon owned Arnhold’s company and they acted as general managers for Cathay Hotels, Ltd. Sassoon also had the ear of the Minister of Finance, H. H. Kung, who personally awarded Sir Victor with a ‘Cold Medal of the First Class’ for his charitable work in 1935. Whilst Sassoon may have had some influence, it is more than likely that greater events, further afield, had more impact.  Shanghai’s armor had been punctured by the effects of the Great Depression and by the adoption of the silver standard by the US in 1933. Silver flooded out of China and reserves in Shanghai fell by half.

 That, combined with extravagant military expenditure to suppress an increasing Communist influence in a series of political manoeuvres, engineered by H. H. Kung, culminating in the nationalisation of the Bank of China in 1935. Its new board of  directors included the financial genius, Song  Ziwen (T. V. Soong) and the infamous Creen Cang boss,Du Yuesheng—widely known as  ‘big eared’ Duork on the building, which was designed   by Tug Wilson of Palmer and Turner and      Mr. H. S. Luke (Lu Qianshou), a British trained  Chinese architect who worked for the bank,  commenced following the demolition of the former club building in November 1935. By February 1936, 2,000 Oregon pine piles had been driven into the soil to the great annoyance of guests of the neighboring Cathay Hotel. The piles, which were up to 100 feet in length, required up to 3,000 blows from a three-ton steam hammer to set them in place. It was anticipated that the building would take just 18 months to complete. Even though the foundation work on the building had not been completed, an elaborate ceremony for laying the foundation stone took place on the requisite and auspicious date of 10’s October 1936 the ‘Double Tenth’ and the silver jubilee of the founding of the Republic of China. The chairman of the board of directors, Song Ziwen, presided over the affair.

The new building was designed to be a symbol of progress, as well as stability. Song remarked that ‘our board of directors has adopted as a keynote of the new building practical utility combined with dignity without ostentation.’ Tug Wilson handed over a silver trowel to start the proceedings and H. S. Luke handed Madame Song a bronze casket containing newspapers of the day, plans of the building, and an assortment of items, including bank notes and a  photo of the Bund, to be placed  under the stone. The stone, with its mutilated Chinese inscription, which is to be found on the southernmost front of  the building, is one of only two  such memorials to survive on  the Bund today. With its modern face of Suzhou granite embellished with motifs representing longevity, the building was to rise to a height of 277 feet, to stretch along Dianchi Road for 550 feet and to weigh a mammoth 70,000 tons. ‘Chromador Steel,’ known for its properties of strength and lightness and manufactured by Dorman, Long & Co. of Middlesbrough in England, provided the backbone for the structure. The bank’s premises were to be fully air-conditioned and 13 elevators were to be installed. It was planned to house the bank’s departments on the second and third floors, and the fourth floor was to be set up as a welfare centre for its employees to include dining rooms, lounges and a large lecture room.

The remainder of the building was to be leased out. Huge vaults were to extend through the larger part of the basement, in which the first underground car park to be installed in any building along the Bund was also located. The bank’s American-made vault door, weighing over 30 tons, was installed in June 1937. Lined with costly marble from floor to ceiling the bank’s main, 25 foot-high, hall was to be found on the ground floor. The dignified, original Italian marble was ignobly cast aside in favour of the new during the bank’s renovation in 2006. However, the original marble lined entrance hall has thankfully been saved. In 1935, when construction work got underway, ttie bank moved back into its former premises at nearby 50 Hankou Road.  The Bank of China, which had succeeded the Ta Ching Bank after the 1911 Revolution, had previously established their offices there in February 1912.  Most sources record that the building was completed, or at least ‘flattened off,’ by the end of 193 and the Shanghai Sunday Times noted that the bank was ‘practically complete’ in December of that year. One year later, however, they reported that ‘the bane still stood in a state of semi-completion’ and that work was ‘progressing slowly.’ It was anticipated that the bank building would be finally completed in 1939. However, it wasn’t to be, as new priorities forced by the 5mb-Japanese War had left the building in a state of limbo. Moreover, any suppositions and fears over the damage that the weight of the building might cause proved to be well-founded, as the roads around the building had actually sunk. The SMC sent the bank a costly repair bill in August 1938. Palmer and Turner, who replied on the bank’s behalf, suggested that the road work be postponed as ‘the building is still in an unfinished state and likely to be so for some time.’  

 And it was for some time, with the North China Daily News reporting in November 1940 that the bank building was the only one to be ‘unmolested’ on the Bund and that its construction still hadn’t been completed. Under the Japanese puppet government based in Nanjing, led by Wang Jingwei, the Bank of China was allowed to resume operations under the direction of the reformed Central Bank of China in 1942. In September, the Bank of China reopened its office in Shanghai again in their old premises and not on the Bund. The Bank of China officially records that the building, or at least part of it, was first occupied in 1941 by the new regime’s reserve bank and that they did not actually move into their building until early 1946—some ten years after they had moved from the Bond.  One of the most notorious episodes in the bank’s history took place in May 1949 when the Nationalist government emptied the bank’s vaults of its currency and gold reserves, and shipped them to Taiwan on the eve of the Communist victory. George Vine, assistant editor of the North China Daily News, watched from his suite at Broadway Mansions as ‘all the gold in China was being carried away in the traditional manner—by coolies.’

 

All text copyright 2008 to Peter Hibbard from
"The Bund - Shanghai China Faces West"

 

 

 

 

 

 

            

 

 

 

                           

 

                                                       

                                                      

 

 

                                                                       

 

                                                

 

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