HONGKONG

PENINSULA HOTEL:

HONGKONG HOTEL: REPULSE BAY HOTEL:

PEAK HOTEL

and

SHANGHAI

ASTOR HOUSE: PALACE HOTEL:

HOTEL

LIMITED.

In association with the Grand Hotet Des Wagons Lits, Peking.

CONTRACT BRIDGE

By W. E. McKenney

Hore is another interesting hand in which it tooka almost im possible to pick up the king of clubs, which is trump. But leave It to the expert to figure out the Unusual play,

410-5-4-2 A-9-5-2

♦ A-Q-3 $9.8

AK-9.8.

6

NORTH

AA-J-7-

3

❤0-10- 4.3

VJ-8-7

+10.5

J-9.6.

4

$

Dealer SOUTH

&K-6-4-

3

AQ

❤K-6

CHINA REALTY COMPANY 8% DEBENTURES 8% INTEREST VS 6% INTEREST MEANS ONE THIRD MORE INCOME

first class

Hotel

Penang

The Scenic Gem of Malaya

Modern throughout and beautifully Situated

Runnymede Hotel

Malnya's Premier Hotel

Food and Wines especially good.

AFTER-DINNER DANCE

Every Thursday & Saturday--Orchestra Daily

CABLES "RUNNYMEDE"

RUNNYMEDE HOTEL, LTD.

George Goldsack, Manager.

THE EUROPE HOTEL

After

SINGAPORE.

Dinner Dances are held every TUESDAY,

THURSDAY and SATURDAY

COCKTAIL HOUR IN THE BIRDCAGE. Mondays to Fridays Saturdays

7.40 p.m. to 8.30 p.m. 12.30 p.m. to 1.30 p.m. 8.00 p.m. to 8.30 p.m. The New Europe Orchestra will render all the Latest Music during the above hours.

Music during Tiffin and Dinner every day by our new all European Orchestra, under the direction of Mr. F. J. STRASSER.

Telegrams "Europe" Singapore The Europe Hotel, Ltd. Telephone 6341 (4 Lines).

Most Modern Hotel

in the Far East

When in-

Singapore.

SHANGHAI

Make your headquarters at the

Cathay Hotel

Cable Address: "CATHOTEL -

250

Rooms and Suites

Each with Private Bath

Special Summer Rates, May to September

CATHAY HOTELS. LIMITED

MAN HINC

TAILOR PERFECT FIT GUARANTEED

No.-9 D'Aguilar Streat.

Tel. 20780,

K-8-7-2.

A-Q-J-10-7-2 DAY

· The Bidding.

no

South, the dealer, opened the contracting with one club, West passed and North bid ong trump. East passed and South hid two clubs, North went to three no tramp but South, feeling quite confident that there was no game in no trump due to the distribu- tion of his hand, bid five clubs. West passed, North passed and East did not double, not wishing to give information regarding his club holding.

The Play.

won the trick

West has a choice of three suits. In open. The expert does not like to lend away from a king, there- fore the heart suit was selected South, and the three spot led. the declarer,

with the king and immediately led the queen of spades which East won with the ace and returned the jack of hearts, duminy winning The nine of clubs. with the acı, was led from dummy and the do- clarer took the finesse, playing the deucc

11 from his own hand. held the trick and the dummy con- tinued with the eight of clubs, declarer playing the seven, West showing out, discarding the eight of spades. The deuce of spades in led from dummy and trumped by the declarer with the ten of clubs. Declarer then leads small diamond to dummy's queen and returns the five of spades the form dummy, trumping with jack of clubs. Declarer then leads the seven of diamonds, winning in the dummy with the ace.

play:

Now for the beautiful the dummy leads the three of dia- monds. If Enst trumps with the six of clubs, the declarer will play the eight of diamonds, and regardless of what East lends, the declarer can trump with the queen of clubs, lend an ace and pick up East's king and then cash his good king of diamonds. The best play for East to make 18 to discard the eight of hearts on the three of diamonds, The declarer will then win the trick with the king of diamonds and will return the eight of diamonds which West will win with the jack, East discarding the jack of spades. All West can do is to lend heart which East is forced trump. The declarer will over- trump and pick up East's king with his aco.

his

to

to

It looks rather impossible pick up the king in the East hand. but the declarer, by clever play of the hand, has picked up the king

made his contract and

of five

clubs.

U.S. UNEMPLOYED.

SENATE VOTES HUGE SUM TO

ASSIST WORKLESS

Washington, July 9.

The Senate to-day passed a compromise Bill allocating G$2,- relief purposes 122,000,000 for to assist the huge army of นร employed.

The Bill now goes before Pre- sident Hoover-Reuter.

21

TAKE THE GAMBLE OUR OF YOUR INVESTMENT

The dice are loaded--the odds are against you in the long run YOU CAN'T WIN OUT! Why gamble with the concrete things that you have striven so hard to attain-FOR A MIRAGE Why sacrifice your entire financial independence for a will o' the wisp you can never grasp?

To-day the element of chance has to a very great extent been eliminated from modern business

lady luck, ever a fickle mistress, has been replaced by sound business knowledge and commonsence reasoning.

are

Take the gamble out of your investment, You

ал investor-not a speculator! "Get-rich-quick" schemes are the short cut to poverty-a sound investment the keystone in the foundation of your PROSPERITY.

THE FOUNDATION OF PROSPERITY: Such an investment is the China Realty Company 8% debenture issue-an investment with a

more background of

than 20 years of successful real estate business in Shanghai, and guaranteed by the entire assets of this soundly established prosperous company. The rich barvest of success that we and our shareholders have reaped in the past is due to the well formulated and consistent policy we have pursued--a policy which has made us distinctive and sets us apart from most other concerns having to do with the real

---CUT OUT & MAIL TODAY---

China Realty Company,

70, Szechuen Road, Shanghai.

Secretary,

Dear Sir,

Please send me without obliga- tion on my part, a copy of your last balance sheet and other information regarding your 8% debenture issue Name

Address

estate business in Shanghai, We are in none of our activities in competition with our clients we are dealers in-not purchasers of real estate. The major portion of the assets of this company is invested in first class REAL ESTATE MORTGAGES to the extent of no more than 54% of the market value of the property, and so sure and safe have our valuations been that in more than twenty years of business, and in the handling of more than ONE HUNDRED MILLION TAELS of mortgages not one cent of interest or principal has ever been. lost!

The China Realty Company 8% debenture Issue is offered on the undertaking that it shall not exceed. 60% of the total capital of the company.

a sound, safe 8% interest bearing investment available on sums of $100 or more. NOW IS YOUR OPPORTUNITY: Our entire statistics are offered for your inspection-Let us show you how it was possible to pay 8% interest on our Debentures during 1931 and in addition make a net profit in the Debenture. Dept. alone of $399.525. The China Realty Company 8% debenture issue offers you ONE-THIRD MORE INCOME than from a 6% investment, plus a security and soundness that has become a recognized factor in the business world of Shanghai to-day.

This is No. 25 of a series of advertisements issued to interest Hongkong investors in the liberal investment opportunities offered by the China Realty Company, Shanghai.

CHINA REALTY COMPANY

70

S Z E C

H

CAPITAL TAELS 5.000.000.00 FEDERAL INC., U. S. A.

→THE REAL ESTATE MARKET PLACE OF SHANGHAI -

U E N

R D... S H A N

CHAI

H

f

NA

SALESMAN · SAM

Now What's Doing!

By Small

DIS IS IT, BILLY!

C

Heat or cold

they need "SCOTT'S"

SCOTT'S Emulsion brings health and strength at all Eges of life. Contented and happy are little ones whe are nourished

SO YOU THINK YOU PULLED A SMART ONE WHEN YA MADE SAM HOWDY A

WAITER

ABSOLUTELY! WHY HE TALKS PEOPLE INTA SPENDIN' TWICE AS MUCHÍ

AS THEY USUALLY DO

W. GLUCKS RESTAURANT

HUH! MUST BE AN ACCIDENT,

SOMEWHERE!

GLUCKS

REST

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LANG

CL

AMBULANCE

by

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