to the newly established Hongkong Hotel Company. The hotel was duly built, and became Hong Kong's first deluxe hotel. The remaining part of the west wing was let out to other trading firms. Hong Kong Hotel (1866–1926) The Hong Kong Hotel was Hong Kong's first deluxe hotel when it opened in 1866. In 1951, the hotel was closed down, and the building was bought up by a local Chinese investment group for office use. In 1957, the building was redeveloped into the present Central Building. Clock Tower (1862–1913) In 1862, at the southern end of the street where it meets Queen's Road, the Pedder Street Clock Tower was completed and was the landmark of Central until it was demolished. It chimed for the first time at midnight on 31 December 1862. The tall clock tower with a lighted dial, designed by a Mr. Rawlings, was to be funded by subscriptions, but the lack of public response meant that many of the more elaborate decorative features were jettisoned. In the end, a donation was secured from Scotsman Douglas Lapraik, one of the most successful Tai-pans who founded the Hong Kong and Whampoa Dock Company, precursor of Hutchison Whampoa. The clock tower was taken down in 1913. In 1915, one of the clock faces was integrated into the clock tower at the Kowloon–Canton Railway terminus in Tsim Sha Tsui. GPO II (1846–1911), GPO III (1911–1976), Supreme Court (1846–1912) In its heyday, Dent also occupied the south-western corner of Pedder Street (and Queen's Road), where it had established a "Tea Exchange". In 1846, it was transformed into the Treasury (庫務署), Supreme Court and General Post Office. This land was auctioned in 1921, when it achieved a price of HK$50 per square foot. The resulting China Building (華人行) was completed in 1924. Further reclamations had taken place in the meantime (ca.1900). The General Post Office was relocated in 1911 to new premises on the newly reclaimed (northern) section of Pedder Street where the wharf once was. It was a typical Edwardian municipal construction of granite and red brick, situated there until 1976; the Supreme Court was relocated in January 1912 to a new building constructed on reclaimed land, where it remained until 1985. To make way for Pedder station of the MTR, the General Post Office was moved to Connaught Place. The old building was demolished in 1976, and World-Wide House was built in