HONGKONG
PENINSULA HOTELI
HOPKONG HOTEL: REPULSE HAT HOTEL: PEAK HOTEL
and
SHANGHAI
ASTER HOUSE: PALACE HOTELİ
HOTELS
LIMITED.
insociation with the Grand Hotel Des Wagona Lāta, Pexing.
PALACE HOTEL.
Redeykens £700
Telegraphic Antras "Palace."
A Piert Claes Residential & Tourist Hotel Under Entirely Huropean Management High Class Wines & Bpirfie Steel Coulson's Dear On Draught, Four Fuli Bixed Billiard Tables Billiards, Snooker,
KY SKIN.
A
MRB, 1. H. OXBERRY,
Penang
Proprietres.
The Scenic Gem of Malaya'
first class
Hote!
Modern throughout and beautifully Situated
Kunnymede Hotel
Malaya's Promier Hotel
Food and Winos especially good
AFTER DINNER DANGE
Every Wednesday & Saturday.- Orchestra Luth
CABLES "RUNNYMEDE"
RUNNYMEDE HOTEL, LTD. George Goldsack, Manager
THE EUROPE HOTEL SINGAPORE.
"RENOWNED BY RECOMMENDATION”
DANCING :— After Dinner every TUESPAY, TBURS
DAY and SATURDAY.
MUSIC :—
On the VERANDAH:-
Mondays to Fridays—7.46 ̧p.m. to 8.30 p.m Saturday-12 30 p.m. to 1.30 p.m. and-f 8.00 p.m. to 8.50 p.m. THE EUROPE ORCHESTRA PLAYS DURING TIFFIN AND DINNER EVERY DAY.
GRILL.
THE EUROPE HOTEL Ltd.
Telophone 5341 (8 lines) Arthur E. Odell Cables EUROPE" Singapero. Managing Director.
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”
If you are run down
and far from well--
SCOTT
Hammision.
It bulkda ng th
hands the lung.
· Beans me tha vyHCOLL.
Ask for
SCOTT'S
Emulsion
*The protector of life
Telephone 28121.
THE HONGKONG
TELEGRAPH,
TUESDAY, MARCH 22, 1937.
NEW INVESTMENT Unic, plus a charge of 744 per cont
SCHEME.
SAVING ADVANTAGE POINTED OUT.
HONGKONG LINK.
of
FOT**
The
to cover the cost of the cables, the ox- penses of the Trust, and the cam-| pensation of the Trustees and Man- ngers. It was, perhaps, a pity that this was not mentioned in the 'nown- paper advertisements, but the fullest astus nro given in the Company's - prospectus, and, after all, it is a comparatively trifling matter. This brokerage charge, na parhaps it may be called, if spread over the life of the Trust which is 25 years, ix equivalent to only 3/10ths of one per cent. per annum. This la Knall price to pay for the services render- ed an no further commission is charged on the sale of units, and yet with a substantial turn-over it will be seen that a reasonable amount is prided for expenses of operation anil for a return upon the small capital involved.
our
The question has been anked several times during the past week whether the Societe Internationale de Placements of Basle is a purely philanthropie institution. This Com- pany, which was organized to carry on the work of a Fixed Investment Trust, has recently extended its acti. vities to the Far East and, through its association with Mesra. A. Gocke Equalisation of Distribution, & Co. has been advertising on fair.
There is ning one other charge, In ly extensive Henle the advantages which it is enabled to offer to in order that the annual distribution they five Swinn vestors. The trouble seems to be that may not be le the advertfacicnts have not includ- francs per sub-anit in any cne year, ed all the details of the scheme and there is included in the price of the have been made to appear so attrac unit a sum equivalent to one year's tive that doulita have arisen in the distribution at this rate which in add- minin
members of
ed to the fund for the equnlination community.
Business-men In of dividends. This aunt, however; is Hongkong ΠΡΟ perhaps naturally held by the Trustees an behalf of fa in the suspicious, and when they are to be certiflente holders and offered something for nothing, in-muture of a deposit.
If the distribu- atend of expressing gratitude andtions from the deposited shares in any heartfelt thanks, thyenerally be year amount to less than the cuf gin to look, for the catch,
valent of 5,000 Swiss francs (200) per unit or five Swiss francs (47) per sub-unit, the Trustees advance from the equalisation fund such an anpunt as may be necessary to pay the nunual distribution of five Swiss francs per single sub-unit. Any i no advanced Ik returned to the qualisation fund from future dis. may exceed the tributions which equivalent of five Swiss francs pr single sub-tinit. An the lowest de sonnation for which subunits are in effect. issued in five this means, that the distribution is never in a It in Jess sum than £1 per annum.
one
WILA
COD-
wine and businesslike arrangement
In order to avoid dealing in and di
tritating small fractional au
Ordinary Investment Trusta.
A Bound Scheme. In this particulae ease,
however, we are glad to be able to set their doubts at rest. When the Societe Internationale de Incements founded, its' plan for a fixed trust investment aroused considerable in- terest In Great Britain and was the subject of comment in most of the financial papers. The scheme in a perfectly notind
and. well managed, presents many solid ndyan tages to the moon of sisall means, while it enables the larger vester who wants to avoid the risks of ploc Ing all hla eggs in one basket, ur even In one country, to spread his money over a wide area with far legs trouble than he would experience if ha en-
The working of ordinary invent- denymared to make each investment separately. An investment with the
ment Trust Companies in perfectly
fro Societe Internationale de Placements well known. They have been pens an investment in thirty of the quently recommended to the inventor trading not most progressive
because of the security they give Jain in the world Some are in through the process of spreading in- Great Britain and others in Canada, vestments over many different un- the United States, France, Germany, dertakings, and their records during depression Holland, Switzerland, Sweden. Be the fresent commercial glum and Denmark. What is known compare very satisfactorily with the "unit" of the investiment Trust record of practically any single com. represents a certain specified num-
mercial or indamrial company liat could be named. There are severni bec of shares in each of these com- panies. The value of such "unit" of such Trust Comproics in existence, at the present time, based upon the
The Directors of diere Companies ure sanrket price of the shares, is round
men who are, or should be, in close about £1,000. Each unit is divided touch with the share markets. They into a thousand sub-units, which are o al carry on any particular en. isted in denominations of 5, 10, 25, terorise but ne the money entrust. shareholders 100 and 1,000. Therefore,
to them by their anyone who subscribes for five sub-units, re-
solely Investment purposes, and presenting now a sim of £15, oh. They buy and sell shares to the best tains a hobling In all three com-
advantage. The six of the shar
in Ing When the shares no pur. bulders dividend dependa chased have been deposited with the.
measure upon the success diaplayeıl Union Bank of Switzerland. which by the Directorate in forecasting nela un "Trustee for the intiators, the trend of the markets and, as we certificates are insued. All dividends have alrendy pointed out, the Trust payable on the deposited stocks are Companies, under the control of men collected by the Union Bank of Swit- of experience and with the large re- .zeriami, All subscription rights, sources at their disposal which en- stock dividends whare bonus distrible them to operate on a big senle butions ami split-upa. AXU
collected and occasionally to influence prices, and sold for cash and the money add have been able, except in exceptional ed to that due to the shareholde, a. cases, to show better returns than All the fundo necumulated are the individual investor has obtained distributed to the certificate holders by purchasing shares in any unn twice a year.
Company.
nn ieזf
I
The Fixed Trust.
The Company's Proât.
The principle of the "Fixed Trual” This is the point on which the en- is very much the same, only the quiries which have reached us all shareholder or rather investor in thin centred. We were asked how the case, knows beforehand the cont favestiment Trust Company was alle panies in which his money will be to carry on it every penny due to invested and the exact ratio in which the shareholders was paid out with it will be divided among these com- opi debction of any kind. The ans-panies. The 20 companies com- wer is that the purchase price of a prising the portfolio of the Societo
Placements, certificate is based on the actual cost International du of the securities comprised in the (Continued on Page 11.)
SKIPPER
BRAN
BRITISH NAVY CU
LLOYD & SONS LONDONE
BRANCH OF COPE BROS.
SALESMAN SAM
HEY, YOU KID. WHATS
THE IDEA?
OOP PARDON
ME!
KNOWN
EVERYWHERE
SMOKED Everywhere
OBTAINABLE EVERYWHERE
4.P.B.[
for
No matter what preference
you
have there's
NESTLE'S variety
of chocolate to
suit all tastes!
NESTLE'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 "FRUIT
QUEEN
NESTLEY ROY
YOUEEN
CHOCOLATE
NESTLES MILK
CHOCOLATE
NESTLE'S Almond Queen
NESTLE'S 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 in the run-down, de- pressed and nervous condition in which it leaves its victima. Even
a slight attack often has distress- ing after-effects. But time after time It has been proved that the surest way to regain strength after influenza, as well as, after most other illnesses, is to take a course of the famous blood and nerve tonic, Dr. Williams' Pink Pilla.
A lady sufferer recently wrote to us stating that:
"An attack of influenza left mo run-down and norvous. I was terribly ahnky and suffered aching paina in my head and limbs, and I lost all appetite. I read about Dr. Williams' Pink Pills and decid- ed to try them. Very soon I felt I great improvementa, and an continued with the pills I lost my shakincas, gained strength, and my nerves improved. Dr. WII- liams' Pink Pilla have made n new woman of me,"
Of Chemlata everywhere.
FUNNIER THAN "HALF SHOT'
WHEELER WOOLSEY
ROBT
HOOK, LINE BAND SINKER
DUE SUNDAY AT THE QUEEN'S.
A Cautious Coach!
OYSKOOSE GET,
BLEASE!
WOT THA?
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.
By Small
WELL, WHAT'ER YA DOIN' )GOT A_DAY OFFGU22 → HERE? WHY AIN'TCHA PLAYIN! FOOTBALL?
́IMPORTANT GAME COMING, 30 TH' CORCH TOLD ME NOT" TO PRAC
TICE, FER FEAR I'D
GET INJURED!
AS ONE HEA SERVICE, MÒJEA, UL. SZPAT, Ore.
2.