THE HONGKONG TELEGRAPH. THURSDAY, OCTOBER 13, 1932.
Safeguarding Your Investment
The natural laws of economics require an Investor to secure the best roturn especially upon savings...... trust funds consistent with safety.
The China Realty Company is one of the oldest (established more than 20 years) real estate companies in Shanghai with a steady successful record back of it,
Capital Tis. 5,000,000 fully paid in cash.
not
Business turnover 1931, Tls. 45,632,300 in land and mortgages only, which does Include management of estates, rent collections, insur- ance written, trustees for bene- ficial owners of property and sundry sources of income.
The Company are Realtors, not speculators in Real Estate.
The balance sheet as of December 31, 1931 shows:-
Assots
Land and Bulldings at cost Cash
Mortgages on Real Estate hold by
Company Dec. 31, 1931
Total Debenture issue
LYTTON REPORT
CONDEMNATION BY THE CANTON COUNCIL
BANKS.
THE CHARTERED BÁNK OF HONGKONG AND SHANGHA]
The South Went Executivo De- | INDIA, AUSTRALIA & CHINA. partment of the C.E.C. and the
Incorporated by Royal Charter Flax.
HEAD
OFFICE LONDON.
to the Central Party Headquarters,
South West Political Council havo
$12,341,726.31
jointly lasued a circular telegram
3,351,055.84
1,844,259.11
the National Government, and the Paldus Capital country in general, defining the Rowerve Fand
$5,97,1,200 1,840,700
by which it will be noted that all of the proceeds from Debentures are invested in Mortgages and Tls. 1,130,500 of the Company's. capital.
If afer careful considera- tion of actual facts and figures you are receiving. less than 8% upon your investments and/or anvings, you are not using judgment but following old customs, believing 5% and 6% are current rates.
CHINA
REALTY
MEANS ONE THIRD
8% INTEREST VS 6% INTEREST
In the past twenty years the Company has negoliated more than one hundred million Taels in mortgages, ALL OF WHICH HAS BEEN REPAID. PRINCIPAL WITH INTEREST...
COMPANY 8%
DEBENTURES
MORE INCOME
The following extracts are taken from the Chairman's statement at the last annual Shareholders Meeting, February 20th, 1932.
"We feel that the Debenture holder from an investment standpoint, is just as much an interested partner of the Company as the Common Share- holder and is entitled to his just return on his investment, and by the figures given on the two years working. I think we have amply proven that we were right that our Debenture holders receive eight per cent. interest instead of six per cent.
"The most successful concerns of the future will be those who recognize this principle-that even banks will allocate to depositors a part of profits
earned on their money-over and above current rates of interests. As our balance sheets show quite plainly the proceeds from the sale of our deben. tures is not used for the purchase of Real Estate, as we are not speculators, but for investment in first class mortgages, amply secured not only by the value of the property pledged as security but as a further security the debentures constitute a first claim on the total assets of the Company. An analysis of the figures involved shows that every debenture has behind it assets equal to three times its value."
COMPARISON
Mortgage Department, 1930-1931
Amount Commission
Earned $122,316
Market
Year
1930 1931
Amount
10,052,040 19,194,867
Value of
Property
318,662,000
Average Interest loaned rate
54%%% 9.18% 34,075,565 56% 9.33%
Value
Average Commission % 1.215% 0.765%
Excess Interest over 8% $118,614
255,291
€373,905
3269,141 373,905
146,825
Earned above 8% paid to Debenture holdors 643,046
Of the above mortgages, there was assigned to investors:
1930 1931
6,532,660.00 $13,223,545.00
A lower rate of commission existed in 1931 due to cheap money for the greater part of the year, from September, money commenced to tighten up. As it is we carned 1.33% interest in excess of 8% paid on our Debentures, in addition to $146,825 commissions. From the above it will be seen that our 8% Debentures are secured by first mortgages on 56.4% of value and backed up with $5,000,000 capital.
"The Real Estate Market Place of Shanghai”
---CUT OUT & MAIL TODAY--
China Realty Company,
Secretary,
70. Szechuan 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
This is No. 43 of a series 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-
SZECHU
$50.00
"
E N
R D..
$20.00 $30.00
看电
"
#
3+
HANGHAI
SPECIAL CHRISTMAS PRICES:
Cabinet (61⁄2 X 4%) $25.00 por Doxen, $15.00 per 1⁄2 Doxar Boudoir (8 X 6) $35.00 Royal (10 X 8)-
CHRISTMAS “MA!L-PHOTOGRAPHS.” Cabinol (61⁄2 X 43⁄4%) unmounted, printed on thin Card $18.00 Per Dozen,
Appointments: KOMOR & KOMOR
or: Tel. 21070,
C H
For the Best
LOCAL VIEWS
and
PORTRAIT PHOTOGRAPHS
Co To
MEE CHEUNG
KOBZA STUDIO,
Studio, Ice House St.
Branch, 7, Beaconsfield Arcade.
£3,000,000 1,900,000
local opinion on the Lytton Com- Reserve Liability of Proprietor. 1.000.000 mission Report, anys the Canton)
AGENCIES AND BHANCIES Gazetio.
ALON STAR ILOILO
BOMBAY CALCUTTA
ונסיון
RANGOON BAIGON
KARACHI KLANG
BEMARANG
BERENDAN
KODE KUALA
BRANGILAI
SINGAPORE
LUHFUR
TAIPING
TRENTOIN TONGKAI
NEW YORK PELPING
(Bhuker)
Revlowing the Incidents alnce | AMRITBAR September 18 last year, the local BANGKOK message recalls that China had BATAYIA from the very first offered no re- sistance and depended on the CANTON Longue, while Japan had utilitized CAWNPORE KUCHING the opportunity to execute her CEBU achomes. The League had falled [COLOMBO to take effectivo measures to DELL check the Japanese atrocities, and PHONG had instead appointed a Commis- HANKOW
Inquiry, thus allowingARBIN
ILAMBURO
sion of Japart more time to commit horHONGKONG aggressive acts.
MADHAB
MANILA
MEDAN
(Faking)
PENANG
SITIAWAN BOURABAYA
TRINGTAO
YOKOHAMA
BAMBOANGA
BANKING CORPORATION.
Authorhed Capital ****
+$50,000,000 [kened and fully Paid-op ............................ 89,008,19990
Movers and f
Biezilag
gurer
****AR.500.000 ....W35,000,000
|Reserve Lindility ad Proprietors ..$20,000,000
NRAD OFFICE:~~HONGKONG,
DOARD OF DIRECTORA
Hen. Mr. X, J. Paterson Chairman,
T. 2 Free Eac
Dayuty Chairman,
How. Mr. W. X. Dall, J.
Piqumar, Medie
A. I. Compion. Reg.T. I. I. Bhaw, Y. ↑ 26. * Johnson, B. L. P. Warren, Wag
a Minkin. Ees.
AMOT
ANGKOR
| BATAVIA
V. M. QRAYBURN, Z:44
Foreign Exchange and General and Banking CALCUTTA The publication of the Lytton transestad
CANTON Current Accrants Report, continuca the local mess-
opened and Pized CLPCO.
AIRE!
age, had been eagerly awaited in its received for one you? or sbarter
period at race which will be quoted on COLOMBO the hope that despite the delay, it application. would at least be instrumental in
A. IL FERGUSON,
Manager.
affecting a fair settlement of the, Hongkong, 01 July, 1989. dispute,
But the Report has
JOGO W
HAIPHONG
HAMDUEG
KANZOW
been a disappointment. Ita con- THE HO HONG BANK LTD. HARDIN
(Established 1917).
HEAD OFFICE:-BINGAPORE'
Local Branch:-
HONGLEW
ILOILO IPON JOHORN KODE
KOWLOON
CHIKY MANAGER,
We
DRAN CUKA1-
KUALA LUMPUR
LONDON
LYONS
MALAQUA
MANILA
MUAR (Jhare) YUKDAN
NEW TOHE PEIPENG
PENANG
RANGOON
BAISON
SAN FRANCISCO BHANGHAI
BINGAPORE
BOURADATA
SUNGER PATANI TIENTSIN
TOKTO
TSINGTAO
YOKOHAMA
13. Queen's Road, Central,
Curreal Accents opened in Local Currency and Fixed Deposits received for one rea2 **** shorter periode in Local Currency and Sterling Straits $20,000,000, on term which will be quoted on application
Hongkong, th April, 1983.
clusions are contradictory to its 'own findings and to the covenants and treaties on which the Report is based. While Japan, whose military operations were recog- nized as no measures of legitimate tho self-defence, has violated Convenant and the Facts and Authorised Treaties, and the League itself Capital had on various occasions come to fIssued the decision to restore the status Paid-up
been quo lu Manchuria, it has astonishing to see that the Report Reservo Liabilities states thut the restoration of the of Shareholders status quo is not a measure, for settlement.
The proposal to create Man- churia into a sort of autonomous state with foreign supervision is strongly criticized by thoʻlocal message, innemuch as the Com- mission dmits that Manchuria is) a part of China. The proposal of autonomy in Manchuria is taken
17
8,000,000 4,000,000-
4,000,000
HONGKONG SAVINGS BANK
The Dainese of the above Bank is conducted by the HONGKONG AND BHANGHAI DANIŞ in ING CORPORATION. Rules may be obtained
jen spulition.
FOR THE HONGKONG AND BHANGIAS BANKING CORPORATION.
BRANCHES and AGENCIES the principal cities of the world.
Every description of Banking A Exchange busineen transacted.
CHUA KEH UNL
Manager.
行銀國中
to mean international control and BANK OF CHINA
as such
violates the territorial
integrity of China.
Reorganized October 26, 1828, undar special
V. GRATIUEN,
Chief MarkERT. Hongkong, 27th February, 1949. NEDERLANDSCHE, HANDEL MAATSCHAPPIJ, N.V.
(Netherlands Trading Bociety).
DANTERS.
ESTANLIGNED 1924.
Kangkang o@cam11, Queen's Head, Central Authorised Capital ......
INTERNATIONAL EXCHANGE DANK.
.121.000.000.60 (Paid-up Capital 21.710.200.00 Reserve Tand
6,930,668.89
nheribed Capital ald-up Capital Reserve Funda
Objection is taken to the pro--charter of The National Gavertiments ab posed new treatics for China and Japan and the misinterpretation of Dr. Sun Yat-sen's plan for international cooperation in the development of China's Industrial resources under the control of the Chinese government to mean that international cooperation should bu sought for in the internal re- construction and the administra- tion of China.
HEAD OFFICE:—SILANGIJAL
HONGKONG BRANCH.
4. Queen's Road, Central.
Owing to our numeróna branches in China and large connections in the important com- merelai centres of the world, we are able to jextend to our ullenta special facilities for) domestic and foreign banking and exchange. other Public Funds of the Chinese Gavern-
We also handle the kaos of Bonda kad
SHOU J. CHEN,
The local leaders declares that the members of the Lytton Com mission are fully nwra of the meat both at home and abroad, facts relating to the Japanese In- vasiun of China. But they afraid to speak out their minds and advocate a jum settlement and have therefore made
are
the present auggestions, bearing in mind Japan's Interests.
Manager.
行 銀 西廣 港香
THE BANK OF KWANGSI. (Hong Kong Branch).
Authorised Capital ..... $10,000,000 Paid-up Capital
$ 3,500,000,
Head Office: Nanning, Kwangel.
Concluding, the message states that it has now been quite evident! that there is no more usc in de- pendence on the League or on treaties. Let the whole nation mubilize its own strength and be prepared for sacrifices in the Branches and Agencies in the struggle to uphold China's over-principal cities of the Kwangsi eignty and territorial integrity,
Province and Correspondents all over the world.
MANSLAUGHTER
CORONER'S JURY FIND AGAINST DRIVER
A verdlet of manslaughter was returned yesterday by the Coron- or's Jury at the conclusion of the Inquest into the death of an amah, Wu Ah Ngo who was killed on September 22 by a motor lorry, driven by Chin Taze-chong.
Branches.
.3. 150.004.0@G
... 60,080,00€
... 20,015,DOT
Bond On-Ametesdama,»
Eastern Head Offens-BATAVIA.
BRANCHES—Ban:Jetmual, Bardong,
Bombay, Calentta. Oberthos Djember,
Diokiakarta,* Thè
Hugos, Jeddah, Hobe. Makes sar, Medan, Palembang, Peki longar Penang. Tangooty Rotterdam, Bambarane." Shang Zal, Singapore Sorraba Boerakarta (Bold), T), TIK lap and Weltevreden.” *Three Bees have sala deposit baxan to Jesi London Bankere:——National Provincial BANN
Lut Cerrermondents all over the world.
RANKING BUSINESS OF EVERY DESCRIPTION - TRANSACİZD
Manager.
A STOKKINK,
Hongkong, 32nd June, 1982.
THE YOKOHAMA SPECTE ·
HANK, LIMITED.
Depila) (inly paid up) .............. 109.000,00% Sinnerve Frod
..T. 115,450,000
HEAD OFFICE|~YOKOHAMA,
Branches and Agrodien al
Alexandria
Berlin
Hong Kong Branch. Gloucester Building, 1nt floor Batavia Des Voeux Road, Central.
Banking Business of ovary descrip Bombay tion transacted.
Janera
Honolulu
Kai Yown
Rangoen Rio de
Kurachs
Calcutta
Robe London Lond
Ban Franchod BeaLike
Semarang Shangha
Simonomak Bingsporn
Los Angeles
Cable and Radio Address No. 2900 danton Tolophones! Manager 00112, Changeban Marlia Business 30118, Enquiry 30114.
PAK TSE KUN,
Manager.
CHANG CHAD TANG,
Sab-Manager Hongkong, 8th September. 1992,
A jury of three, comprising In it, he denied that the tramcar appeared) was read to the jury. Messrs. R. A. Ramsay, A. L Bur-was stationary and alleged that ion and H. C. Tinson heard the the speed of his lorry was eight
RESU.
was
+
miles an hour.
[Dairen (alny} Nagmak!
Prnation
(bakdir)
Nagyn Newchwang
Hamburg
New York
Parte
Yotplus
lendaw Hardin
Bourabaya Bydney
The Tokyo | Hongkong
Thingto Intertei allowed on Owrent Acce Desert racolved for fixed periode at valið so be obtained on arelisation,
В. мом
MALAY Hanekom, 22 September, 1808
THE BANK OF CANTON, LIMITED,
NSTAKLINIKO 1912.
Further evidence
given After the Coroner (Mr. Scho- supporting that given by previous field), had summed up, the jury re- witnesses-that the trumcar was tired and returned in a Lew stopped when one of A. S. Watson minutes with a verdict of man- and Company's motor lorries slaughter. drove past, knocking down a boy The Coroner: I thoroughly Authorleed Capital
and killing the amah.
PLOTTE
Hond Office:-Hongkong,
agree with the verdict. This wan Pak Depital ..... a case of very bad driving. I Reserve Fund A statement taken from the propose to lasue a warrant for this acum. lorry driver (who has since dle-man's arrest, as soon as possible.
A SMALL CAR IN COST,
BUT A BIG CAR IN COMFORT,
Sole Distributors: THE ORIENTAL MOTOR
CAR CO.
303-9, Hennessy Road, Hongkong. Telephone 20406.
Jeugeot
.$11,000,000
1.100.000
Ontem, thangal, Hashow, #wakér Bangkok, New York and in Tenne elece.
LONDON BRANCHES 1000
The Lord's Back, Limited.
Correspondents is sit prizelpal'cliian of the Foreign Exchange and Backing hominese në very description transected
Gate Depot Daxes (vartovať riam) 23 * antly rental from 1 to $40.
M
LOOK POONG BHAN.
Cied MassEN
ASSEUR R. SHIMIDZU. ASSEUSE S. HONDA, ASSEUSE S. KISAKI.
Recommended for many years by Government Civil Hospital, Pent Hospital, etc., and by all the local Doctors.
24, Wyndham Street. Tel, 14945.
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