THE HONGKONG TELEGRAPH.
MONDAY, AUGUST 29, 1932.
HONGKONG
PENINSULA HOTEL:
HONGKONG HOTEL; REPULSE DAY HOTEL:
A
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SHANGHAI
ASTOR HOUSE: PALACE HOTEL:
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first class
Hotel
Penang
The Scenic Gem of Malaya
* Modern
throughout and
beautifully
Situated
Runnymede Hotel
Malaya's Premier Hotel
Food and Wines especially good,
AFTER-DINNER DANCE
Every Thursday & Saturday--Orchestra Daily,
CABLES "RUNNYMEDE" RUNNYMEDE HOTEL, LTD.
Most Modern Hotel
in the For East
George Goldsack, Manager.
When in-
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
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For the Best
LOCAL VIEWS
and
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MEE CHEUNG
Studio, Ice House St.
Branich, 7, Beaconsfield Arcade.
CONTRACT BRIDGE
By, W. E. McKenney
I bolfove that the most serious mistake made by oven the better players are trick openings and so- called "fancy shots." If you are a good player, why not open a hand normally so that your partner can read it?
Your opponent cannot alcal tricks from you if you play your cards properly, and while it is trus that you may pick up an occasional extra trick with an unconventional opening, more often you will lose two or three tricks.
A vivid example of that is given in the following, hand which was played in the recent All-American auction team of four championship event at Cleveland.
49-7-2
AG-3
Q-5-3-2
+9-4
10-8-4-3-2
NORTH
WEST
I EAST
4A-J.
10.8
VA-J-7 ◆ Q-10- 5-2
|SOUTH] & K-Q
V9.6
• J-8-6-
3
A-7-6- Denter
5
AK-6-5-4
K-10-8-4
A-K-7
J-9
01
The two leading teams played this board. At both tables South opened the bidding with one 'T trump, all passed.
The Play.
At one table the normal opening Jeud was made, by West-the fourth best diamond. While the club suit is headed with an ace, most players against a no trump would rather conserve this ace as a re-entry and try to esablish a trick in diamonds.
With the three of diamond opening. East would play the queen and South would win the trick with the ace. His proper play would be to lead the eight of hearts and play the queen from dummy. East would win with the ace and would then lend his ten of diamonds. South would win this with the king and his next play would be the king of hearts, followed by the ten of hearts on which West sig- Balled with the seven of clubs.
His next play was a spade, East winning with the ace. In this manner South took only five tricks and his contract was defeated two tricks. As East and West held 30 nees, South was minus 130 on the board.
Now against the team that won the championship, the contending West player decided to make a short suit opening and led the nine of hearts. A short snit opening is always dangerous, and proved so in this case.
East won the trick with the ace. established which immediately three heart tricks for the declarer, East came back with his spade suit which the declarer allowed to ride to his queen and here again the de- clarer is sure of another spade trick-the king. These two first tricks by the opponents assured the declarer of making three hearts, two spades and two diamonds- seven tricks in all-for one trump, and while the opposition held the 30 acs, South in this case was minus only 20 points on the bourd,
no
His opponents, when they play- ed the hand, were minus 130, there- fore he won the board by 110 points, all due to a "fancy shot" opening that did not work.
SIBERIA
MAILS
ACCUMULATION AT MANCHULI
Harbin, Aug. 28,
It is reported here that 10,000 bags of mall are now accumulat- ed in Manchull awaiting trans- portation eastward.-Reuter.
SALESMAN SAM
CHINA REALTY COMPANY 8% DEBENTURES 8% INTEREST, VS. 6% INTEREST MEANS ONE THIRD MORE INCOME
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.
Take the gamble out of your investment. You are an 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 background of more than 20 years of successful real estate business in Shanghai. and guaranteed by the entire assets of this soundly established prosperous company. The rich harvest 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 aparat from most other concerns having to do with the real
---CUT OUT & MAIL TODAY
China Realty Company,
Secretary,
70, Szechuen Road, Shanghai. 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 surns 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 $999,525. 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
CAPITAL TAELS 5,000,000.00 FEDERAL INC., U. S. A.
•THE REAL ESTATE MARKET PLACE OF SHANGHAI
70
S Z E C H U E N
And Last, Perhaps!
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