THE HONGKONG TELEGRAPH. THURSDAY, NOVEMBER 17, 1932.
Remember - - - and profit by these FACTS
NOW
CHINA REALTY COMPANY 8% DEBEN CURES 8% INTEREST VS 6% INTEREST
MEANS ONE THIRD MORE INCOME
COMPARISON
Mortgage Department, 1930-1931
Amount Commission Earned $122,316 146,825
Market
Year
Amount
Value of
1930 1931
10,052,040 19,194,867
Property 18.662,000
34,075,565
Value
toaned 54% 9.18% 56% 9.33%
Average Interest
Average Commission
rate
Excess Interest over 8%
1.215% 0.765 %
*118.614
255,291
5373,905
3269,141
373,905
Earned above 8% paid to Debenture holders $643,046
)I-ZA
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 carried 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.
N
A
C
The following extracts are taken from the Chairman's statement at the last annual Shareholders' Mouting, February 29th. 1932.
"We feel that the Debenture holder from an investment stand- point, is just 35 much an interested partner of the Com- pany as the Common Shareholder 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 this principle--that recognize even banks will allocate to depositors a part of profits carned on their money over and above current rates of interest. 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 wat 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 naalysis to the fitures involved shows that every debenture has behind it assets equal to three times its value,"
upon
"If after careful consideration of actual facts, and figures veu are receiving less than 8 per cent.
your investment andør. savings, you are not using jude- ment but following old customs, believing 5 per cent, and 6 per cent. are current rates."
The natural laws of economics require an investor to secure the best return especially upon savings-irust funds-ensistent with safety.
The China Realty Company
is one of the oldest lestab lished more than 20 years) real estate companies 药 Shanghai with a steady, suc- cessful record brak of it. Capital T5,000,000 fully paid in cash.
Business turnover 1921. $45.632,300 in land and mortgartes only which does not include management of estates, rent collections, insur-
ance
written. trustees for beneficial owners of property and sundry sources of income. The Company are Realtors. not speculators, in Real Estates.
The balance sheets as of December 31, 1931 shows: Asse's.....T12,341,726.31 Lands & Build-
ings at cost 3,351.055.84 Cash
1.844,259,11
Mortgages on Real Estate he'd by Company Dec:
Toml Debenture
1931
1931
........$5.971.200 Dec. 31,
4.840.70"
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 Tac's in mortgages all of which has been repaid, princi- pal with interest.
1900000000030000-000005.0682e
«The Real Estate Market Place of Shanghai.”
70, SZECHUEN ROAD
REALTY
issue
FRECKLES AND HIS FRIENDS
5002#9##20300007
REALTY
LATEST U.S. FOOTBALL
BIG SCORING IN STATE GAMES
EASTERN FOOTBALL,
November 12.
Quantico, 7; Philadelphia Legion, 0.. Maryland, 7; Navy, 27,
Yale, 17: Princetown, 7. Catholic U.; 0; Providence, 0. Syracuse, 0; Colgate, 10,
N.Y.U., 0; Fordham, 7. Army, 52; North Dakota State, 0. Wesleyan, 20: Bowdoin, 0. Lehigh, 6; Rutgers, 37. Georgetown, 0; West Wesleyan, 14.
Harvard, Holy Cross, 0. Temple, 13; Penn State, 12.
Boston U., 9; Tufts, 9.
Villanova, 12; Datrolt, 28.
Virginia
Amherst, 31; Williams, 7. Pennsylvania, 0; Ohio Stato, 19. West Virginia, 10: Washington and Lec, 0.
Columbia, 6; Brown, 7. Cornell, 21; Darmouth, 6. La Fayette, 61; St. Johns, 9. WESTERN FOOTBALL,
November 12.
Pittsburgh, 0; Nebraska, 0. Xavier, 0; Carnegie Tech., 16. Missouri, U; Kansas, 7. Illinois, 18; Indians, G. Purdue, 19; Iowa, '0.
and
Jefferson,
14:
Washinglun Bucknell, 0.
Oklahoma, 19; Iowa State, 12, Michigan, 12; Chiengo, 0. Notre Dame, 21; Northwestern, 0. Drake, 0; Washington (St. Louis) |
0.
0.
0.
Colorado Mines, 13; Western State,
Colorado Collego, 12; Colorado U., Wisconsin, 20; Minnesota, 13.
SCUTHERN FOOTBALL..
November 12.
Kentucky, 3; Tulang, B.
Vanderbilt, ; Tennesace, 0. Auburn, 21; Florida, 4. Loyola (New Orleans), 20; Og- lethorpe, 0.
31.
Mississippi, 27; Sewanee, G. V.P., ; Virginia, 0. North Carolina State, 6; Duke, 0. Georgia Tech., 6; Alabamın, 0. North Carolina, 12; Davidson, 0. S.M.U., 13; Arkansas, 6.
PACIFIC COAST FOOTBALL,
November 12.
California Aggies, 0; Stanford, 59. Washington, D; Washington Biate, 0. Oregon State, 35; Montana, 6. Utah, 27; Denver U, D. Callfornia, 21; Idaho, 0,
U. S. C., 33; Oregon. 0
EASTERN FOOTBALL,
November 11,
South Dakota State, 12; Duqucene,
Colby, 7; Bates, 0.
Boston College, 20; Western Mary- land, 20.
George Washington. 12; William & Mary, 6.
Marshall, 10; Salem, 14.
WESTERN FOOTBALL,
November 11.
Creighton, 9; Grinnell, 6.
Ripon, 20; Northwestern College, 0.
SOUTHERN FOOTBALL,
November 11..
10
OUR BRITISH CROSSWORDS
Across
1 Supposed to be lucky, but, of
course, it is all rot. 5 Ono
can do much with this which would belong to me with- out one.
8 No cream for this Highlander-
and when the report in return- ed there's nothing included for this soldier.
11 Useful paper for photographera. 18 A sight on a winter night-the consolation of O'Brien, as the schoolboy had it.
15 Recent intelligence alngularly fresh.
that is
16 State setting for a woman hun-
ter,
17 Varieties which a Scot sets in
order.
18 On many feet.
20 A disturbance in the bont by
the river control. 22 Plays.
23 It would be wiser to accept the
evronul.
24 Although it doesn't sound like
it, this tool removes wood.
28 Multiply by eight to get thin.
29 Associated with kicks in one's
mind.
30 Smooth enough, but I'd think it
sullen if I were you.
31 Follow the flower to make
wild.
Down
ft
1 Insects that follow each other
all round the clock. 2 Pure.
3 We stick together, old man:
your hand on it (hidden). 4 Obedient.
This point must be discussed. There's no need to die when you 500 Naples in the gaffer's old Sunday hat.
10
[26
7 An indefinite distance and an indefinite timo in a measura combine.
0 She of the capricious head was
the mother of a Scott pirate. 14 A favourite place in which to
take the air in company.
15 Assocluted with Derby for valu-
able service.
16 He who acts on impulso-It's nothing to you that the impulso is intermittent.
18 It is clear it is many sided. 10 Send about the gifi-It's all
part of the remuneration.
20 Part of the river in which the
boxer, as owner, has vantage.
an nd-
21 There is something sald about.
the noise that indicates there's a number.
26 Do it yourself with a bit of an
effort.
26 Scottish river. 27 A Zulu rising.
Yesterday's Solution.
IMPROVISATION
AFFATRSELANYARD
FULLATINNY BUO FERWEGE CM SE EN CURSTVFESTHRAL
AIRSHIPAMORPHIA TEON YOjog yn o N INCH ODROTE Y LD, 1 OS KEME VE NOWE DEN NAIVETE, SHEBANG HELGTE REBATE LUM PROHIBITIVELY
FELIX HAT SHOP
York Building: Chater Road.
FOR STYLE TRY A
“SUZETTE” FROCK
WITH
“BETH” HAT
ALSO
“NATTIKNIT” JUMPER
SUIT.
Millsaps, 10; Howard, 0.
Catawala, 14; Wofford, 0.
Texas Christian, 14; Texas Marines,
7.
Georgia, 32; Clemson, 18.
FOR
Davis Elkins, 19; St. Thomas, 6. Mississippi State, 6; Southwestern,
10.
Lane, 0; Tennessee State, 0.
Tennessee Wesleyan, 15; Bluefield,
4.
SHANGHAI.
14.
Ulah Aggies, 13; Colorado Aggies,
12.
Alabama Aggies, 7; Morristown, 7.
PACIFIC COAST FOOTBALL.
November 11.
Olymple Club, 13; Nevada, 0. Whitinan, 12; College of Idaho, 0. Arizona, 13; New Mexico, 6.
Arizona Teachers, 15,; Texas Minea,
SAINT
ANDREW'S
BALL
You'll need
SHOES
Maybe, GLOVES
OR
HOSE
West Coast Navy, 80; West Coast Army, 0.
St. Mary's, 14; U.C.L.A., 7.
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Chater Road.
H'LLO...USCAR? MEET ME
DOWN AT THE CORNER IN TEN MINUTES... I WANT YOU TO GO WITH ME OVER TO THE CONSTABLE'S AN' SEE IF HE CANT GET POODLE AWAY
FROM DITMAR
HMPH-OLD MR DITMAR. WON'T BE SO SMART, WHEN HE SEES US WALKIN IN WITH THE
CONSTABLE!!
GEB WHIZ! WHAT'S KEEPIN' OSSIE SO LONG?
HE SAID HED BE HERE AS SOON AS
HE GOT PRESBED......
DID YA THINK 1 MAG NEVER,
COMIN'?
YEAH. HOW LONG DOES IT TAKÉ YOU TO DRESS, ANY HOW?
OH...ABOUT TWENTY MINUTES, I SPOSE
IT ONLY TAKES ME TEN!!
WELL I WASH !!
th
INIP,
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