HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 18, 1930.
SHANGHAI POWER COMPANY
TIS. 6 CUMULATIVE PREFERRED STOCK
OFFERING
THE THREE REQUISITES OF
A HIGH-GRADE INVESTMENT
Safety Satisfactory Return-MarkETABILITY
SAFETY
These shares are preferred as to their claim on the assets of the Company and in case of liquidation must receive Shanghai Tls. 100 and accrued dividend per share before any- thing can be paid to the holders of the second preferred or common stock.
The Shanghai Power Co. operates the undertaking formerly known as the Electricity Department of the Shang- hai Municipal Council and supplies the International 'Settle-. ment of Shanghai exclusively, besides serving wholesale an extensive adjacent area. The total population served is estimated. at 1,788,000 and on August 30th, 1930, over 55,000 electric, consumers were supplied........
Electric energy is sold to a widely diversified list of industries including cotton spinning and weaving mills, silk mills, flour mills, paper mills, cigarette factories, shipbuilding works, machine shops, oil mills, egg canning and packing works, ice and cold storage plants and many others. The Company is among the group of undertakings operated by the American and Foreign Power Co. and supervised by the Electric Bond and Share Co. On its International advisory board are eleven prominent business men of various nation. alities residing in Shanghai,
The stock as issued is fully paid and is not subject to assessment. It is subject to redemption at the option of the Company, in which case for every share owned you will receive. Shanghai Tls. 100 and accrued dividend.
SATISFACTORY RETURN
These shares are also preferred as to dividends and the yearly payment of Shanghai Tis. 6 is made in quarterly instalments so that owners receive Tis. 1 per share on the 1st of January, April, July and October. These dividends are cumulative so that they must be paid in full before anything can be distributed to the second preferred or common stock holders.
The net earnings of the Company for the twelve months ended June 30th, 1930, after deducting operating expenses and total interest charges and deductions, were more than two and one- quarter times the annual dividend requirements on the total amount of Tis. 6 preferred stock to be outstanding after this issue.
MARKETABILITY
The stock of which this issue is a part is listed on the Shanghai Stock Exchange and judging by the experience of the previous issue the shares will be actively bought and sold.
A complete prospectus of this issue will be furnished on application. Because of prevailing exchange rates as between Hong Kong and Shanghai anyone with surplus funds for investment will find this issue specially attractive at the present time. The undersigned acting as a Syndicate offer this stock at Tls. 100 plus accrued dividend from October † 1930.
PRICE: SHANGHAI Tls. 100 PLUS ACCRUED DIVIDEND FROM OCTOBER 1st.
CHEKIANG INDUSTRIAL BANK, LTD. | ~
BENJAMIN & POTTS.
THE INTERNATIONAL INVESTMENT TRUST COMPANY OF CHINA, LIMITED. SHANGHAI FINANCE & REAL ESTATE CO., LTD.
SWAN, CULBERTSON & FRITZ, SYNDICATE MANAGERS.
SUBSCRIPTIONS IN HONG KONG MAY BE PLACED THROUGH
E. D. SASSOON BANKING COMPANY, LIMITED, OR BENJAMIN & POTTS.