10
THE HONGKONG TELEGRAPH, THURSDAY, NOVEMBER 10. 1932.
"ANCHOR"
FINEST
ANCHOR
NEW
उं
ZEALAND
BUTTER
QUALITY
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
Value of
Property
1930 1931
10,052,040 19,194,867
18,662,000
34,075,565
% Value loaned 54% 56%
Average Interest
rate 9.18% 9.33%
Average Commission % 1.215% 0.765%
Excess Interest over 8% 118,614
255,291
€373:905
Amount Commission! Earned 3122,316 146,825
$269,141 373,905
Earned abovo 8% paid to Debenture holders-643,046
Of the above mortgages, there was assigned to investors:
1930 1931
36,532,660.00 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 3146,825 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.
1.
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- ment, 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 35 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 recolving 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."
70, Szechuan Road, Shanghai. Dear Sir,
Please send me without obliga- tion on my part a copy of your Inst balance sheet and other information regarding your 8% debenture issue.
Namo
Address
This is No. 48 of a series advertisements issued to interest Hongkong investors in the liberal investment opportunities offered by the China Realty Company, Shanghal.
*
THE DEMOCRATIC LANDSLIDE
MR. HOOVER SENDS CONGRATULATIONS
BAN ON CEMENT.
REMARKABLE ACTION IN CANTON
The Municipal Bureau of Public Worka at Canton has issued a noll- fication announcing that the entry into the city and the sale therein of Green Island cement is hauned.
New York, Nov. 9. Incomplete returns indicate that! It is alleged in the Canton Gazette Mr. Roosevelt may expect 453 that such decision has been the out- electoral votes and Mr. Hoover 7B. come of tests on the coment, which A Ropublican landslide 1e ovi-1 has been found "to bo not up to the required standard" and therefore not denced by the fact that by 4.39 to be used for building purposes in
was the city!
p.m. G.M.T. Mr. Roosevelt leading in 88 States, carrying 434 electoral votes, while Mr. Hoover was ahead In only six States with 70 votos.Reutor.
Gongratulations
States exports by debtor nations.
Mr. Roosevelt may be expected to continuo Mr. Hoover's policy of:
with tho limited co-operation Palo Alto, Cal., Nov. 9. League of Nations on Diaarma- Mr. Hoover has prepared a mes-ment, the prevention of war, and ange congratulating Mr. Roosevelt the restoration of the economic on his victory,
health of the world.
With regard to Prohibition Mr.
service to your country. I wish!
.
beer,
for
Mr. Hoover has telegraphed to 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 Ho is expected to be a sympa you a very successful administrathisor with the claim of the un- tlon.
In the common purpose of employed for Federal rollef all of us I shall dedicate myself Router.
No Change Likely to every possible helpful effort."
Pelping, Nov. 9. -Reutors
When informed by Reuter of Roosevelt's election, Mr. C. C. Wu Now 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 Amer! Questioned regarding the possible cans who are suffering from hard effect of the election on American times, also to his somewhat unin-foreign policy, particularly with spiring personality and complete reference to the Far East, he ro 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 sarily mean a change in foreign latter'a very able publicity.
Blind Resentment
are
Undoubtedly many thousands of policy.
Although the Democrats "wet" Republicans have been alienated by Mr. Hoover's ambigu-known for not having as strong a foreign policy as the Republicans ous attitude toward prohibition.
The worldwide result of Mr. yet, it was a Democratic Prealdent 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 stressed that the foreign drastic reduction in tho United policy regarding the Far East was States tariff. Both parties ofleial-not an issue of the recent cam- ly oppose the cancellation of Warpaign, saying that one guess was
48 good
another regard- Debts but are willing to consider as a readjustment in return for fueling Roosevelt's attitude.-Router'á 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 (established 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 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 shoot as of December 31, 193! shows:
Assets Land and Buildings at cost Cash
312,341,726.31
3,351,055.84 1,844,259.11
€5,971,200
Mortgages on Real Estate hold 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, principai with interest.
CHINA REALTY COMPANY
CAPITAL TAELS 5,000,000.00 FEDERAL INC., U. S. A.
•THE REAL ESTATE MARKET PLACE OF SHANGHAI »
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