It formed part of a 1920s to 1930s local, state and federal government re-development of the inner city Brisbane block bounded by Ann, Edward, Adelaide and Creek Streets, resulting in the construction of Anzac Square (1928–30) flanked by imposing State and Commonwealth Government Offices.

There is some indication that this early scheme may have included the establishment of a public square opposite Central Railway Station.

[1] A proposal was mooted in 1916 to develop a large memorial park and monument in the centre of Brisbane to commemorate Queensland sacrifice and participation in the Great War, and a committee was formed in 1919 to lobby for the creation of a commemorative square to occupy the whole of the land bounded by Ann, Edward, Adelaide and Creek Streets.

With its restrained use of co-ordinated Classical detailing, the building complemented the adjacent Anzac Square and the State Government Offices.

[1] The top storey is visually separated by balconies across its openings and a large projecting cornice incorporating dentil blocks.

The recess between the wings facing Anzac Square extends down to the third floor level which has an arched opening and a flat roof.

Some of the moulded plaster ornamentation is visible at the tops of the columns, on the faces of the pilasters, and under the beams on the ground floor.

As an integral part of the Anzac Square precinct re-development of the 1920s and 1930s, the place is important evidence of early co-operation and co-ordination between local, state and federal governments.

Aesthetically, it is significant for its coherence in design, scale and materials with Anzac Square and the adjacent State Government Offices.

[1] The place has a special association with the life or work of a particular person, group or organisation of importance in Queensland's history.