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In 1887, Melbourne became the fourth city in the world to build power hydraulic lifts. When directors of the Australian Provincial Assurance Association (including future Australian Prime Minister Alfred Deakin), inspected the hydraulic lift in the new APA building on the corner of Elizabeth Street and Flinders Lane, Melbourne in 1889, for the first time were net with great excitement. The mechanism failed and the lift shot upwards 12 floors, stopped only by some stout springs at the top. All the directors exited the building by the stairs.