This old postcard is looking north along King William Street from Darwen Street. On the left, on the corner of Higher Church Street, is The Prince of Wales Hotel (later to become Burton's Menswear, I think) and on the right, where the tram lines are disappearing to, is Church Street.
This is the crossroads, where for decades later, the policeman would stand in white coat and gloves, directing the traffic.
Not sure of the date, but it looks to be circa 1905, give or take a few years.
POSTCARD COURTESY OF THE CP COLLECTION