10
Bh
THE HONGKONG TELEGRAPH,
"ANCHOR"
FINEST
241 24
ANCHOR
ZEALAND
BUTTER
QUALITY O
SUPERFINE
THURSDAY. NOVEMBER 10, 1932.
CHOICEST
NEW ZEALAND BUTTER
"THE WORLD'S BEST"
Delivered to any Address in the Colony by
LANE, CRAWFORD, LTD.
or
From All Compradores.
CHINA REALTY COMPANY 8% DEBENTURES 8% INTEREST VS 6% INTEREST
MEANS ONE THIRD MORE INCOME
COMPARISON
Mortgage Department, 1930-1931
Market
%
Year
Amount
1930 10,052,040 19,194,867 1931
Value of
Valuc
Property $18.662,000 34,075.565
loaned 54% 56%
Average Interest
rate 9.18% *9.33%
Average Commission
% 1.215% 0.765%
Excess Interest over 8% 3118,614
255,291
€373,905
Amount Commission! Earned 3122,316 146,825
€269,141
373,905
Earned above 8% paid to Dobonturo 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 oxisted 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 $5,000,000 capital.
CUT OUT & MAIL TO-DAY
Secretary,
China Realty Company,
The following extracts are taken from the Chairman's statement at the last annual Shareholders' Meeting, February 29th, 1932.
"We feel that the Debenture holder from an investment stand- point, is just as much an interested partner of the Company as the Common Shareholder and is entitled to his just return on his invest- mont, 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 debentures 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."
70, Szechuen Road, Shanghai. Dear Sir,
"If after careful consideration of actual facts and figures you are receiving less than 8% upon your investments and/or savings, you are not using judgment but following old customs, believing 5% and 6% are current rates."
Please send mo without oblign- tion on my part a copy of your last balance sheet and other information regarding your 8% debenture issue.
Name
Address
This is No. 48 of a series advertisements issued to interest Hongkong investors in the liberat investment opportunities offered by the China Realty Company, Shanghai.
THE DEMOCRATIC LANDSLIDE
MR. HOOVER SENDS CONGRATULATIONS
BAN ON CEMENT.
REMARKABLE ACTION IN CANTON
The Municipal Bureau of Pubile Works at Canton has issued a noti Acation announcing that the entry into the city and the sale therein of Green Island cement is banned.
New York, Nov. 9. Incomplete returns indicate that! It is alleged in the Canton Gazette Mr. Roosevelt may expoct 453 that such docision has been the out- clectoral votes and Mr. Hoovor 78, come of tests on the coment, which A Republican landslide is evil has been found "to be not up to the denced by the fact that by 4.80 required standard" and therefore not to be used for building purposes in p.m. G.M.T. Mr. Roosevelt was the city! leading in 38 States, carrying 434
electoral votes, while Mr. Hoover states oxports by debtor nations.
was ahead in only six States with 170 votos.-Reutor.
Gongratulations
Mr. Roosevelt may be expected |
to continuo Mr. Hoovor's policy of limited co-operation with the Palo Alto, Cal., Nov. 9. League of Nations on Disarma- Mr. Hoover has prepared a mea-ment, the prevention of war, and sage congratulating Mr. Roosevelt the restoration of the oconomic on his victory.
health of the world.
Mr. Hoover has telegraphed to With regard to Prohibition Mr. World's Gift
for
Mr. Roosevelt as follows: "I con-Roosevelt will not hinder the re- gratulate you on the opportunity vision of the Volstead Act which has come to you to be of beer.
He is expected to be a sympa- service to your country. I wish
Reuter.
you a very successful administra-thiser with the claim of the un- tion. In the common purpose of employed for Federal rollef.— all of us I shall dedicate myself to every possible helpful effort." -Reutor.
Blind Resentment
No Change Likely
Peiping, Nov. 9. When informed by Reuter of Roosevelt's election, Mr. C. C. Wa New York, Nov. 8. Mr. Hoover has been swept out evinced little surprise, adding of the White House by the blind that it was a foregone conclusion. resentment of millions of Ameri-Questioned regarding the possible cans who hre suffering from hard effect of the election on American times, also to his somewhat unin- foreign policy, particularly with piring personality and complete reference to the Far East, he re- lack of histrionic ability as complied "All I can say is that a pared with Mr. Roosevelt, and the change in president does not neces- sarlly mean a change in foreign latter's very able publicity.
Undoubtedly many thousands of policy.
Although the Democrats are "wet" Republicans have been) allenated by Mr. Hoover's ambigu-known for not having as strong a ous attitude toward prohibition: foreign policy as the Republicans The worldwide result of Mr. yet, it was a Democratic President Roosevelt's election is not likely who brought the United States into to be very noticeable: it is im-the Great War." probable that there will be any. Mr. Wu streased that the foreign drastic reduction in the United policy regarding the Far Boat was States tarif. Both parties offelal-not an issue of the recent cam- ly oppose the cancellation of Warpaign, saying that one guess was good дв anothor regard- Debts but are willing to consider as a rendjustment In return for faci-ing Roosevelt's attitude-Reuter's lities in connexion with United Special,
Safeguarding
YOUR INVESTMENT!
.
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,
Business turnover 1931, 45.632,300 in and mortgages only, which does not include manage- ment of cstates, 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 shoot as of December 31, 1931 shows:-
Assets Land and Buildings at cost Cash
12,341,726.31
3,351,055.84
1,844,259,11
Mortgages on Real Estate held by
Company Dec. 31, 1931
35,971,200 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.
CHINA REALTY
COMPANY
CAPITAL TAELS 5,000,000.00 FEDERAL INC.. U. S. A.
-THE REAL ESTATE MARKET PLACE OF SHANGHAI »
70
S. ZE CH
U EN
A
H AN C' B
NO
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