THE
HONGKONG TELEGRAPH. MONDAY, OCTOBER 17, 1932.
SPORT ADVTS. TAX ME-
THE HONG KONG JOCKEY CLUB
The TWELFTH EXTRA RACE) MEETING WIll be hold (Weather Per- mitting) at HAPPY VALLEY on Saturday, 22nd October, 1932, mancing at 2.00 p.m.
com-
TAX MY GOLDFISH
[Continued from Page 6.) found on a roof intending to com- mit a felony.
And canaries; The owner of the The First Bell will be Bung at bird to be classed as a landlord to pay rates on the cago. There would be a wonderful opportunity
1.30 p.m.
BANKS.
BANKS.
BANKS.
NEDERLANDSCHE HANDEL P&O BANKING THE HO HONG BANK LTD. THE CHARTERED BANK OF HONGKONG AND SHANGHAI
MAATSCHAPPIJ, N.V.
(Netherlude Trading Society).
SANKERS.
ESTABLISHED 1834.
for the man who prepares the Bill Tongkang Off-il, Qara's Hood, Contra for the next meeting of the Login-Authorised Orpital Intive Council to spread himself Paid Capital
MEMBERS' ENCLOSURE. Members are notified that they thoir and their Ladies must wear Badges prominently displayed.
No One without a Badge will be on this. "Where there are two or Emers Fund admitted to the Members Enclosure, moro perches in the one cage, such Badges admitting Non-Members to perch or perches shall be counted
Enclosure and Club
as half a cago in such cago or tho Members' Rooms at $5.00 for Gentlemen and $3.00 for Ladies (Both including Tax) ages. A awing or swings, hang- are obtainable through the SECRET.ng or dependant, or
........... 150.000.00
CORPORATION LTD
(Incorporated in England, 1920).
|autberland Capital ****** Subscribed and Paid-up
BRAD OFFICE,
..... 80.000.00 4........7. 21,814001 | 117-122. Londenhall Street, London, EC. 1,
Bad Omd.motorlesu.“
Mastern Hot Offer>-BATAVIA,
somehow BRANCHES Ally upon Introduction by a Member, fixed to the inside of the cage or such Member to be responsible for canca, for the canary or canaries to swing on, shall be regarded as Payment of All Chits, &c.
Membaran perch or perches, except in such admitting to Badges Enclosure will NOT be on sale at the cases.. Race Courne.
On No Protext will Children bei permitted in either Enclosure during the Meeting.
Tiina are obtainable at the Club House provided they are ordered from the No. 1 Boy in advance. Telephone 91920.
PUBLIC ENCLOSURE.
to the Admission The Price of Public Enclosure is $2.00 including Tax, for all Persons, Including Ladies,
d in payable at the tinte. Soldiers and Sailors in Uniform are admitted Italf Price.
Bookmakers, Tic Tac Men, &c., will not be permifited to, operate within the Precincts of the Hongkong Jockey Club during the Race Meeting.
By Order
8. A. SLRAP
Actg. Secretary.
Hongkong, 17th, October, 1822.
COLONY LAWN TENNIS CHAMPIONSHIPS.
LADIES OPEN "SINGLE &
The
"DOUBLES"
Annual
Open Ladies'
Singles and Doubles Champion-
under conducted Ahips auspices of the United
Recreation
Club
Commence shortly.
Then there are tortoises. should be made to shell out.
They
Really, the only way to get the thing on a working basis is for its Excellency the O.A.G. te conv and see us at the Telegraph office (Second Floor
ofice hours between 2 and 2.05 p.m.) and let us go into the thing thoroughly.
SUGAR MARKET
THE LATEST CABLED QUOTATIONS
BRANCHES-Bombay, Bandora Colombr Hoogkang.
ChertherBingapore.
(Established 1917),
HEAD OFFICE--SINGAPORE.
Local Branch:→→→
Capital Insuod Pald-up »
1
INDIA, AUSTRALIA & CHINA.
Incorporated by Barsi Chertor 1881.
HEAD
OFFICE)--LONDON.
Paid-op Capital Reserve Fund ..................... Emerve Liability of Propeletore... ...»
*....2.000,008 9,000.00 1.000,006
AGENCIES AND BRANCHES
RANGOON
SAICON
KKMANAXO
BEREMBAN BHANGHAI
£3.000.000
18. Queen's Road, Central 2,494,100
100,000 Authorised
Straite $20,000,000 8,000,000 4,000,000| ALOR STAR ILOILO
IPO AMRITSAR
КАПАСТ BANGKOK Roserve Liabilities
ILANG DATAVIA 4,000,000 of Shareholders
BOMBAY BRANCHES and AGENCIES' in CALCUTTA
CANTON the principal cities of the world.
CAWNPORE KUCHING Every description of Banking and
CEBU COLOMBO Exchange business transacted.
CHUA KENI HAI, DELNI
Manager. ¡nAIPHONG HAMBURG HANKOW
WEST END ERANCIL" 14-10, Cockapur" Birvet, London, BWJ.
Calcutta Callout, Nadres AgenciIn all the prinsipal towns ef General Exchange and Banking Buales transmeted. Loans and overdrafts granted on approved security, Current and Wland Depoult socotas opened.
(—Baədfodmania,
Dombey,
Disk/akarta.” The Dumber, Hago. Judgan, Kown. Makas |the world. abr, Medan, Palembang, Peka HANEDOS Penang. JOVELF Rotterdam. Bemarang," Shang
Boraba Bingapore, Gorskirta (Bole), Teal T It and Willerrøden.® *Turns allons bare safe depott Bome to San Londen Dankers, National) Prisetel Baniplication.
Ind
Correspondents all over the world,
BANKING BUSINESS OF EVERY DESCRIPTION TRANBAOTED, Manag A. STOKKINE,
Hongkong, Med June, 1972-
THE YOKOHAMA SPECIE BANK LIMITED.
Caplia) (Pally paid up) Reserve Fund ****
+
T. 100,000.00 .T. 128,488.0
IHAD OFFICE:YOKOHAMA.
Branches and Agencia si
Nonelalu Ta! Tow
Ranitoon
Xarah!
Alexandria
Italar
The following cable at the clase of the sugar market on Saturday ne has been received by Messrs. Pen- Bonikly
reath and Ca,
MALA) |
Kobe
Ilo de
Janetro
BAD Pranean Flanttle
Bemarang
Shanghal
shion!
Atnapore
London
Los Angeles Manthe
Taires (Chainz) Nagmuki
(Mecher}
Hurura Nawebwana
Bourabay
HAPOTE
Bank
New York
Bydney
Onaka
Tientsin
Barto
Tukyo Thinstan
London Terminals March 1933 6 211⁄2 down Iąd. May 1983 6.4% no change. August 1933 677% no change. December 1923 6-10%, up d Buyers at above prices, sellers arba jøaking 1⁄4d-lad more..
Services | New York Terminals. Bue are
to
Entries close on 28th October, 1932.
on
The draw will take place 31st October, 1932, nt 6.30 p.m.
Conditions and forms of entry
December 1932 1.10 nó change,
March 1933 1.03 no change, May 1933 1.07 no change. July 1933 1.11 no change. September 1933 —
Cuban 96-Spot N.Y. 1.18 no change.
Samarang (15/10/32).—Believe
Şengkons
retring
Interent allowed as Current Accounta Popcalis reestrel for fred perioda at rate
E. MIL to be cheated on application.
MADLEN Hongkong. 12th September, 1952.
There will be a lantern lecture at the Helena May Institute, on Wednes- day, October 19, at 6.30 p.m. on "The have been circulated to "Clubs" Government will enforce "Single Dutch East Indies as a Tourist Cen- January tre The Lecturer will be Mr. P. J. or may be had on application to Seller" policy from lat
Java. van Boarda of the Travellers' Official entirely controlled from the undersigned.
Understand 20,000 tons Browns Information Bureau of Netherlands Sd.-R. G. LOCHNER,
terested, Tennis Secretary, U.S.R.C. 16/19, Av. 17, 98 gold for ship- India. Admission is free to all in-
ment to Russla.
ACCOUNT-Interest SAVINGS BANK allowed at rates which may be stained ou
TRAVELLESIS LETTERS OF CREDIT and. TRAVELLERS' CHEQUES Garsed.
PASSENGERS LETTERS OF CHEDIT BANK
for the only on board 1. à 0, and .. Home Line sinamare, and at Port of Call
British Income Tax Recovered. Executorships and Trusteeshipe (undertaken.
W. J. WADDINGTON,
Manager.
THE BANK OF EAST ASIA, LTD. Established 1918.
HEAD OFFICE: 10, Des Voeux Road, Central,
HONGKONG. Capital & Surplus over H$8,000,000 Total Resources over H$40,000,000
Every description of Banking and Exchange business transact- led.
Current and Fixed Deposit Ac- counts in local and foreign cur- rencies opened for clients.
Savings Account and Safe De- posit Boxca.
OF CHINA
MADRAS
MANILA
SINGAPORE
BANKING CORPORATION.
|Authorizel Ompēta) -****
| Lavoed and fully Paid-ou
Moustva1 Funda pom-
Oberla
silver
£6,510,000 $10.400,000 -
Reveret Ekälity of Proprietors ..835,206,201
READ OFFICE NONGWONG, BOARD OF DIRECTORS.
H. M. J. J. Pasation.
T. E. Pearce Bog+ Deputy - ChadYING.I.
Hon. Mr. W. IL Dell, J. A. Plummer.. Jas
A. H. Comics, Des. T. H. 2. Ehaw, He BQURABAYA 2. T. Jokoorn, Hog J.. F. Warrin, Mes
KOBE KUALA
1.UMPUR
SITIAWAN
TAIPINO
TIENTSIN
TUNGHAR
NEW YORK
FZIPING
(Peking)
MARÐIN
PENANG
Uthnot) TEIHOTAO YOKOHAMA ZAMBOANGA
AMDY
HONGKONG-
ANGKOR
BATAVIA
MEDAN
one year or
G. Makia. kr.
V. M. CHÁYDURM, Das..
Foreign Ezakazie and General and Banking CALCUTTA
CANTON buy trazoszieć.
Current Accente opened And Fised CHEFOO
Parter 0010NDO | Reorganised · October 19, 1928, under special | Deponite received for
On quoted sharter of The National Government as anperiods at rata widich will be
plication.
A. I. QUBAN. INTERNATIONAL EXCHANGE BANK.
MasArts. Hongkong, Bih July, 1932, .
ubscribed Ospital aid-up Capital
Baserre Panda
.$28.000.000.00
24,710,200.00
0.320,566,672
READ OFFICE‹—OMANGITAL.
HONGKONG DRANCI,
4. Queen's Road, Crairal. Owins to our exmerous branches in Chins and large connections in the Important com. mercial centre of the worid, we are able to atend to our clients special facilities for domestic and foreign banking and exchange. We also handle the Serpe of Dope and other Publie Fonds of the Chinow Govern ment both at bone and abroad.
AŇOU J. CHEN,
Manager.
THE BANK OF CANTON. LIMITED.
ESTABLISHED 1912.
Office:-Hongkong.
Hend
Authorised Capital
Reserve Ford
BRANCHES-
Branches and Agencies all over Fald-up Capital the world.
KAN TONG PO,
Chief Manager.
LL.D. CERTIFICATES..
Of the Societe Internationale de Placements, Baale. (Local Agents Messrs. A. Goeke & Co.)
Saturday's official quotation in
ed was £2-16-9d. Bala, excluding dividends accru
$11,000,0
3,660.000
1.100.00
Canter, Shanghai, Hanhow, Bwater Bangkok, New York and San Fras LONDON DRANETES :---
cod.
The Linyds Bank, Limiled. Correspondents in ali principal cities, of the
work.
Foreign Exchange and Banking busine very descriptka jeansuetech
Belo Depot Box (varkens alone) et v early rental from $5 to $40,
LOOK POONG CHAN,
Chief ManWY.
行銷心造港香
THE BANK OF KWANGSI. (Hong Kong" Branch),
Authorised Capital ..... $10,000,000 Paid-up Capital ...... 9,550,000
Head Office: Nanning, Kwangel. Branches.
AIRER.
JUOCADY
|HAIPHONG HANDUNG
HANKOW
HARDIN
HONGKEW
ILOILO
ПРОД
JOHOR
KO
OWLOON
CHREY MANAGER,
BIAN CHEA
KUALA LUMPUR
LONDON
LYONS
MANILA
MUAR (Jakopen )
MOEDEN
NEW YORK
PEPING PETANG BANGOON MAISON
BAN FRANCISCO SHANGHAI SINGAPORE
BOURABAYA
SUNGKI PATAM TIENTBIN
TOKYO
TEINUTAO
YOK GRAMA
Current Amenaria vpcond £a Kaca) Curti and Fixed Deposita punaised for one your Mhorter period in Local Carrybes and Hverting ax terum which will be quoted on appliction the Hongkong, Asril, 198R.
Branches and Agencies in
Kwangsi of the principal cities
Province and Correspondents all over HONGKONG SAVINGS BANK the world.
The wines of the above Bank is condecies floor by the HONGKONG AND BEANTIAL BANK. ING. CORPORATION. Enjos may be obtaland, jen applingborg.
Hong Kong Branch. Gloucester Building let Des Voeux Road, Contral
Banking Business of every descrip- tion transacted.
FOR THE HONGKONG AND BILANGHIAJ BANKING CORPORATION.
Cable and Radio Address No. 2300 30113, Manager Tolephones: Business 80118, Enquiry 80114,
PAK THE KUN,
Manager.
CHANG CHAO TANG,
Sub-Manager Hongkong, 8th September. 1932
M
| ASSEUR R. SHIMIDZU
ASSEUSE S. HONDA ASSEUSE S. KISAKI.
years by Recommended for many Government Civil Hospital, Pes Hoepital, etc., and by all the loca Doctors.
24. Wyndham Street. Tel. 24945.
Y. K. GRAYBURN,
Honghong, Ish Fibrary, 1881.
METALS
of all kinds especially for ship-building & engineering Complete stock. work.
Terms. immediate Best
delivery.
SINGON & CO.
HING LUNG ST. Telephone 20515.
Learn These Facts... NOW
The natural laws of economics require an investor to secure the best return 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 Tls. 5,000,000 fully paid in cash.
Business turnover 1931, Tls. 45,632,300 in land and mortgages only, which does not include management of estates, rent collections, insurance written, trustees for beneficial owners of property and sundry sources of income.
The Company are Realtors, not speculators in Real Estate.
CHINA
REALTY COMPANY
8% DEBENTURES
8% INTEREST VS 6% INTEREST
MEANS ONE THIRD MORE INCOME
The following extrachu are taken from the Chairman's statement at the last ännual 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 An claim on the total assets of the Company. 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
146,825
Year
Amount
The balance sheet as of December 31, 1931 shows:-
Market Value of Property $18,662,000 10,052,040 1930
34,075.565 1931 19,394,867
% Average-
Interest Value loaned
rate 54% 9.18% 56% 9.33%
Averaga Commission % 1.215%
0.765%
Excess Interest over 8%
118,614 255,291
€373,905
3259,141
Assets
$12,341,726.31
373,905
Land and Buildings at cost
3,351,055.84
Cash
1,844,259.11
Company Dec. 31, 1931
Mortgages on Real Estate held by
$5,971,200
1930 1931
6.532.660.00 13,223,545.00
Total Debenture issue
4,840,700
by which it will be noted that all of the proceeds from Debentures are invested in Mortgages and Tls. 1,130,500 of Company's capital.
the
In the past twenty years the Company has negotiat- ed more than one hundred million Taels in mortgages, ALL OF WHICH HAS BEEN REPAID, PRINCI- PAL WITH INTEREST.
If after careful considera- tion of actual facts and figures you are recolving less than 8% upon yoÛT and/or investmonta savings, you are not using Judgment but following old customs, belleving 5% and 6% are current rates.
Earned above 8% paid to Debenture holders- $643,046
Of the above mortgages, there was assigned to investors:
A lower rate of commission existed in 1931 due to cheap money for the greater part of the year. As it is we earned 1.33% Interest in excess of from September, money commenced to tighten up. 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"
CHINA REALTY COMPANY
CAPITAL TAELS 3.000.000.00
FEDERAL
INC., U. S. A.
THE REAL ESTATE MARKET PLACE OF SHANGHAI »
70
C
H
D
3
HANCH
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