There used to be a billiard table in the room oft the Mr. g-room in
the north-west corner, and the two others adjoining were utilised as
lounges. The space now occupied by the new dining-room overlooking
Waterloo Street was, as far as I can remember, taken up by private
suites. The palm court was built on the roof of the first floor and
was a very great improvement to this part of the hotel as it removed
from sight what had always been a blot and an eyesore. After the
abolition of the shops, tiffin-rooms were established on the Waterloo
Street side, which have since been converted into a spacious billiard
saloon.

[Illustration: The Old Royal Exchange.]

[Illustration: _Photo. by Johnston & Hoffmann._ The New Royal
Exchange]

The large hall to which I have alluded has been removed, and a new
central entrance inclusive of the lounge has been driven right through
the middle, greatly enhancing the appearance and conveniences of the
hotel. The old south-west staircase has also been done away with, and
the empty space on the ground floor let out as a shop. The erection of
the arcade with a spacious verandah on the top forms one of the most
striking and effective of the new improvements that have been
initiated. But the introduction of the much-desired, necessary
structural alterations on the ground floor gave the deathblow to a
very old and enjoyable social function which used to take place
annually at Christmas-time. It was the custom to hold a sort of
carnival on Christmas Eve in the large central hall, which, for that
one special occasion, was dubbed the "Hall of All Nations," and it was
for the time being divested of all its former paraphernalia of