 It was formally opened by the City Lord Mayor on 2 May, 1870.At the south end is the arcade's most famous feature, the carved mythical figures of Gog and Magog, flanking Gaunt's clock, which triggers the arms of the figures to strike bells each hour,while the north end features a figure of Father Time, all added in 1893.The arcade originally ended at the south with an entrance to a Turkish Bath, but was opened up to Little Collins Street in 1902, along with the creation of the large arched niche, the same year as the Elizabeth Street extension.