HONGKONG
PENINSULA HOTEL:
MOIPIONG HOTEL: REPULSE BAY HOTELA PEAK HOTEL
And
SHANGHAI
ASTOR HOUSE: PALACE HOTEL.
HOTELS
LIMITED.
In association with the grandifotel Dos Wagons Lelts, Poking.
PALACE HOTEL.
Kolejiona 17003
Talegraphic Ardross "Palace." First Clam Essidential & Tourist Hotel Under Entirely Matepona Management High Class Wines & Spirita Stool Conison's Bear On Draught Your Fall Bised Billiard Tables Billiards, Snooker,
A
MRB. J. EL OXBERRY,
Penang
Proprietress.
The Scenic Gem of Malaya
first class
Hotel
Modern throughout and beautifully Situated
Kunnymede Hotel
Malaya's Premier Hotel
Food and Wines especially good
AFTER-DINNER DANOI
Every Wednesday & Saturday,~ Ore hissau Ludly
CADLES RUNNYMEDE"
RUNNYMEDE HOTEL, LTD. George Goldsack, Manager
THE EUROPE HOTEL
44
SINGAPORE.
RENOWNED BY RECOMMENDATION”
DANCING - After Dinner every ICESDAY, THURS
DAY and SATURDAY.
MUSIC:-
On the VERANDAH :-
Mondays to Fridays-7.45 p.m. to 8.90 p.m Saturday-12 30 p.m. to 1.30 p.m. and 8.00 p.m. to 8.30 p.m. THE EUROPE ORCHESTRA PLAYS DURING TIFFIN AND DINNER EVERY DAY.
GRILL.
#
THE EUROPE HOTEL Ltd.
Tolophone 5341 (8 lines)
THE HONGKONG
TELEGRAPH.
TUESDAY, MARCH 22, 1932.
NEW INVESTMENT Unit, plus a charge of 73% per cont.
SCHEME.
SAVING ADVANTAGE POINTED OUT.
HONGKONG LINK.
to cover the cost of the cables, the ex- pennen of the Trust and the com pensation of the Trustees and Man- ngers. It was, perhaps, a pity that this was not mentioned in the new paper advertisements, but the fullest uetails are given in the Company's prospectus, and, after all, it in a This comparatively trifling mattor. brokerage chargo, as perhaps it may be called, if spread over the fo of ἐκ the Trust which is 26 years, equivalent to only 3/10th of one per naked cent. per annum. This is a small The question has been several times during the past week price to pay for the services rentier.
ed as no further commission whether the Societe Internationale de charged on the sale of units, and yet Placements of Basle is a purely with a substantial turn-over it will philanthropic institution. This Combo seen that a reasonable amount is pany, which was organized to carry
provided for expenses of operation the antall upan on the work of a Fixed Investment Trust, has recently extended its actin for a return vities to the Far East and, through rapital involved. its sociation with Messrs. A. Gocke & Co. has been advertising on a fair- ly extensive Reale the advantages
offer to in which it in enabled vestors. The trouble seems to be that the advertisements have not inelul ed all the details of the scheme and have been made to appear so attrae- tive that doubts have arisen in the distribution at this rate which is add- nured to the fund for the equalisation minds of
members of Rene community. The business-men in of dividends. This sum, however, is Hongkong
the perhaps naturally held by the Trustees on behalf of
rel in in strspicioun, and when they seem to be cvrtificate holders effered something for nothing, in nature of a depasit. If the distribu- and Cons from the deposited shares in any steal of expressing gratitude heartfelt thanks, they cenerally be your amount to less than the equi- valent of 5,000 Swiss francs ($200) gin to look for the entch,
per unit or fire Swiss francs (47) per sub-unit, the Trustees advance from the equalisation fund such an amount as may be necessary to pay the annual distribution of five Swiss francs per single aub-unit. Any tim
Are
A Sound Scheme.
In this particular case, however, we are glad to be able to set their doubts at rest. When the Societe Internationale de Permeats waa founded, its plan for a fixed rust investment aroused considerable in terest in real Britain
ומ
and was
Equalisation of Distribution. There in nisa one other charge. In order that the annual distribution Swisk than Ave may not be less franes per sub-unit in any one year, there in included in the price of the unit a sum equivalent to one year's
advanced is returned to the
the exceed may equalleation fund from future din. tributions which
the subject of comminent in that of equivalent of five Swiss francs per As the lowest de- Bancial papera. The scheme is single sub-unit.
an, well pomination for which sub-units are perfectly round Danaged, presents many solid advanci is five this means. In effect,
nk the distribution is never in Inson to the man of small
less num than £1 per annum. It in while it enables the larger investor who wants to avold, the risks of plac-wise and businesslike arrangement ing all eggs in one basket, ur even in order to avoid dealing in mod dis
tributing amali fractional sums.
RYOILTER,
Ordinary Investment Trusts.
in one enuntry, to sprend his money sver in wide pren with far less trouble than he would experience if he on.
The working of ordinary Invests deavoured to make each Investment
fro- suparately. An investment with the ment Trust Companies is perfectly Societe Internationales de Pincements well known. They have been
enns an investment in thirty of the gently recommended to the investar because of the security they give fending and most progressive' cam-
are in through the process of spreading in Janies in the work. Some Great Britain and offers in Canna, vestments over many different un- the United States, France, Germany. dertakings, and their recorde during depression Holinn, Switzerland, Swedea. Bel. the present commercial chum and Denmark. What is known compare very satisfactorily with the as a "unit" of the Investment Trust record of practically any single com- represents a certain specified num-mercial or industrial company that ber of shares in enes of these coin soubt be named. There are several The value of such "unit" of such Trust Companies in existence, Jourbes at the present think, based upon the The Di vetors of these Companies are market price of the shares, is round men who are, or should be, in close about £1,000. Each unit is divide touch with the share markets, They d not carry on any particular en- intu a hand nub-units, which nee isputed its denominations of 5, 10, 25, terprise but as the money entrust. them by their shareholders
0.
100 and 1,8). Therefore any solely for investment purposes and who auberbes for five sub-units, re- presenting Br 2 of £15, ab they buy and sell shares to the host ining a holding hill these coin advantage. The size of the share patting When the shares so pur-holders divblend depends in large chased have been depusited with the entire upon the suggest displayed which by the Directorate In forvcasting Jinion Bank of Switzerland,
investors, the trend of the markets and, as we aria as Truster for the certificates are issued. All dividends have already painted out, the Trust payable on the deposited stacks are Companies, under the contral of men
of experience and with the large callerted by the Union Bank of Swit
urces at their disposal which en- rights, zerlandi. All subscription ntork dividends, share bonus distrible them to operate on a big scale butions and split-up are collected and arcasionally to Influence prices. and sold for cash and the money add- have been able, except in exceptional nd to that day to the shareholders, caues, to show better returns than All the funds so sceumulated are the individual investor has obtained distributed to the certiflette hollers by purchasing shares in any
Company. twice your.
The Fixed Trust. The Company's Profit.
The principle of the "Fixed Trust" the same, only the This is the point on which the en- is very much quiries which have reached us all shareholder or rather investor in this the coin- centred. We were asked how the case, knows beforehand Investment Trust Company was able panics in which his money will be to carry on if every penny due to invested and the exact ratio in which the shareholders was paid out with it will be divided among these com- 30 companies Com- nui deduction of any kind. wer is that the parchase price of a prising the portfolio of the Societe
Placements, de certiftente is based on the actual cost International'
in the
(Continued on Page 11.)
Arthur E. Odell
Managing Director.
of the securities comprised
Cablos "EUROPE" Singaporo,
THE COST OF YOUR CHILDREN'S
SCHOOLING, BUSINESS TRAINING
OR DOWRIES
can be secured by easy instalments during the children's infancy
AND ASSURED FREE FROM FURTHER
COST SHOULD YOU DIE.
Write
or phone
CHINA UNDERWRITERS, LTD.
Hongkong Bank Building.
"Below par"
you are ran dawa
and far from well---
SCOTT Xaxision.
It bulldepth
honda the lung
bonas war the sYNGEUM, Ack for
SCOTT'S Emulsion *The protector of life
Telephone 28121.
SKIPPER
The ann. panies. The
BRAND
BRITISH NAVY CU
ICHARD LLOYD & SONS LONDON BRANCH' OF COPE BROS. & CIT
SALESMAN SAM
HEY, YOU KID! WHAT'S
THE IDEA
OOP' PARDON
ME!
KNOWN
EVERYWHERE
SMOKED Everywhere
OBTAINABLE EVERYWHERE
unt.
for
No matter what
preference you have - there's
NESTLE's variety
of chocolate to suit all tastes!
NESTLÉ'S CHOCOLATE
Seven delicious varieties. Milk-milk with almonds and fruit-milk and honey chocolate with almonds-- milk with almonds-milk with almonds and raisins-- milk and brazils-milk and whole nuts.
Next time, buy chocolate this new convenient way. So easy to carry either in pocket or handbag.
NESTLE'S
WARN
'FRUIT QUEEN
NESTLE'S EX
CHOCOLATE
NESTLE'S
MILK
CHOCOLATE
NESTLE'S Fhwand Queen
NESTLES VANILLA CHOCOLATE
WITH
ALMONDS & RAISINS
Always keep a packet handy!
AFTER INFLUENZA
You Must Build Up Blood & Nerves.
One of the disturbing features of influenza is the run-down, de- pressed and nervous condition in which it leaves its victims. Even a alight attack-oftea has distress- Ing after-effects. But time after time it has been proved that the strength surest way" to regain after influenza, as well as after most other illnessee, is to take a course of the famous blood and nerve tonic, Dr. Williams* Pills.
nkנין
A lady sufferer recently wrote to us stating that:
"An attack of influenza left me I was run-down and nervous. terribly shaky and suffered aching pains in my head and limbs, and I lost all appetite. I read about Dr. Williams' Pink Pills and decid ed to try them. Very noon I felt 1 great Improvements, and s continued with the pills I lost my and ahnkiness, gained atrength,
WII- my nerves improved. Dr. Hama Pink Pills have made new woman of me."
Of Chemists everywhere.
FUNNIER THAN "HALF SHOT'
WHEELER WOOLSEY
HOOK, LINE: AND SINKER
DUE SUNDAY AT THE QUEEN'S.
A Cautious Coachi
OXSKOOSE EET
BLEASE!
NEW SHOES
IN-
WHITE and FAWN CANVAS
JUST ARRIVED
AT
GORDON'S
Prices from $16.50
22, Queen's Road, Central.
HATS & DRESSES.
Made to order also Renovated & Remodelled to the Latest Fashions
at
MADAME BETTY'S
Tel. 28340.
18, Ice House Street.
WOT THA?
WELL, WHAT'ER YA DOIN' HERE? WHY AIN'TCHA. PLAYIN' FOOTBALL?
By Small
|GOT A DAY OFF GUZZ- IMPORTANT GAME COMING, SO TH' COACH TOLD ME NOT TO PRAC-
TICE,FER FEAR I'D, GET INJURED !
01831 ST REA SERVICE, INEPER, U, B.PAY, OPP,