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SINGON & CO.
HING LUNG ST.
Telephone 20515.
ASAHI BEER
Sole Agents
MITSUI
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PLSENER BEER
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Queen's Building.
Ltd.
THURSDAY, NOVEMBER 3, 1932.
THRILLING RESCUE
GERMAN STEAMER PICKS UP JAPANESE CREW Following closely upon the rescue by the Glen liner Glenshiel of thirty- one members of the crew of a Japan- exe motor-driven fishing wrecked by the typhoon off Pratos mack, Islands, comes the additional story of yet another rescue at nea under almost identical circumstances.
an
Behind a brief wireless message, received lato yesterday afternoon from Captain G. Engels, master of the N.D.L. steamer Friderun, lies epic story of the succour of the ca- tire crew of another Japanese traw- ker, which, drifting helplessly, was threatened witli destruction on the shoals at Pratas.
Information received by Mesars. Melchers & Co., the agents in Hong- kong for the N.D.L. line, is meagre, but it is gathered that the Japanese vesnel act out some time ago from Takao, on the southern-most end of Formosa, on n fishing expedition. The hapless ship struck the full force of the typhoon, and, its engines dis abled, was threatened with destruc tion at any minute,
Its
The Friderun, which in on maiden voyage from Hongkong to New Guinea, left here early on Mon- day. Heavy weather was encountered soon after the ship left port, and the weather showed little signs of abate- ment when dawn broke on Tuesday. Vessel Sighted.
Soon afterwards the distressed Japanese vessel was sighted, and in answer to signals, the Friderun ven- tured as near as possible to the trawler. When it was seen that the ship would founder within a few hours, arrangements were made for the rescue of the crew of 24 aboard. How the rescue was ultimately effec ted in not known, but it In presumed that, owing to the roughness of the Ken, the only means possible would lie for the Germanship to be
manoeuvred alongside the trawler.
OVER 4,600 SOLID RE-SONS WHY
INDUSTRIAL chemists have brought the
number of uses for soft woods up to the total of 4,600, Every usa provides a Bolld reason for investing in the bands now made avaliable to Hongkong Investors by the N. Z. Perpetual Foresta, Lid.
N. Z. Perpetual Forests, Limited has been proven fundamentally sound-it is the world's largest commercial forestry company and has already Issued over 127,500 bonds to 85,000 members of the Investing public.
Operating in the world's finest pine growing areas, the Company has evolved a practical plan of afforestation which promises to
yield handsome returns.
· Bonds at £30 each-payable by instalments -yielding approximately £250 In twelve years, are now available.
Write for the prospectus covering the present Issue and learn all about this wonderful. Investment opportunity,
N. Z. PERPETUAL FORESTS, LIMITED,
Asia Life Building,
14, Queen's Road Central. Telephone 27524.
A.P.B. 12.
11
The whole of the crew were saved, and except that they are suffering from privation and exposure, Arc little the worse for their adventure. They will be lunded to-day at Manila, or at another port in the Philippinen. The Friderun is on Ita maiden voyage to New Guinea, and, with ing the name of the trawler. A re- teler 20, and has since been missing. In view of the fact that the versol the Bremerhaven, is to Inaugurate port from Canton states that the Efforts to find the vessel proved undiscovered by the Friderun Was R naw monthly service between Japanese trawler Nintaki-maru. Rabaul and the Far East.
of availing, and the commanier of the stated to have come from Ferniss No information is to hand regard. Fishing Company, left there on Octo institute a search.
210 tons, and owned by the Horai Japanese warship Saga was requested it is scarcely probable that the two
trawlors are one and the same.
WHY NOT HAVE THAT EXTRA THIRD?
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 lestablished more than 20 years) real estate companies in Shanghai with a steady successful record back of it.
Capital $5,000,000 fully paid in cash.
Businesss turnover 1931, $45,532,300 in land and mortgages only, which does not include manage- ment 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.
The balance sheet as of December 31, 1937 shown i
Assets
MEANS
ONE THIRD MORE INCOME CHINA REALTY COMPANY 8% DEBENTURES 8% INTEREST VS 69% INTEREST
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."
"If after careful consideration of actual facts and figures you are recieving less than 8 % upon your investments andjor savings, you are not using judgment but following old customs, believing 5% and 6% are current rates."
COMPARISON
Mortgage Department, 1930-1931
% Average Average Value Interest Commission loaned
Market Value of
rate
Amount Commission
Earned
12,341,726.31
3,351,055.84 1,844,259.11
Year
1930 1931
Amount
10,052,040 19,194,867
Excess Interest
Property 18,662,000 34,075,565
54% 9.18% 56% 9.33%
% 1.215% 0.765%
over. 8%
118,614
¥122,316
255,291
. 146,825
€373,905
€269,141 373,905
35,971,209
LA NIPPON
SAHI
BEER
SPEDAL LY SERVED
ASAHI
LAGER BEER
EXPORT.
COMPANY
BREWERY C
UNITER
WHEN AT HOME
The
Hongkong Telegraph.
MAY BE PURCHASED AT
SELFRIDGE'S
LONDON, W.I.
Land and Buildings at cost Cash
Mortgages on Real Estate held by
Company Dec. 31, 1931
Total Debenture issue Dec. 31, 1931 4,840,700 by which it will be noted that all of the proceeds' from Debentures are invested in Mortgages and
1,131,500 of the Company's capital.
In the past twenty years the Company has negotiated more than one hundred million Taels in mortgages, all of which has been repaid, principal with interest.
CUT OUT & MAIL TO-DAY
Secretary,
China Realty Company,
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 lasue.
Namo
Address
Earned above 8% paid to Debenture holders #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 earned 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 35,000,000 capital.
This is No. 47 of a series advertisements issued to interest Hongkong investors in the liberal Investment opportunities offered by the China Realty Company, Shanghai.
CHINA REALTY COMPANY
709 S ZEC
CAPITAL TAELS 5.000.000.00 FEDERAL INC.. U.. S. A.
-THE REAL ESTATE MARKET PLACE OF SHANGHAI▾
HA N
HAI
.
C.H ENG