This photograph shows the King Edward VII Coronation Memorial Fountain, also known as the Coronation Monument. It was built in 1902 to mark the coronation of Edward VII. In 1925, it was combined with another feature of The Square, the concrete fish pond (as shown here). The monument was moved to the corner of The Square nearest to Broadway Avenue in 2005. The memorial also commemorates the 25th anniversary of the Borough of Palmerston North, and the achieving of city status in 1930.
The photograph came from a small photograph album that belonged to Mrs R Andrews of Rangitikei House, bearing the caption, "Fountain Square Palmerston North".