10
WAIT! · AND WATCH FOR
The Surprise Picture of the Year
A Great Star
?
In a True Story
The Grandost and Finest
Entertainment Ever Brought
to the Screen.
MAN HING
TAILOR
PERFECT FIT GUARANTEED.
No. 9, D'Águilar Street.
CHINA
.Tel. 20780,"
THE HONGKONG TELEGRAPH. MONDAY, NOVEMBER 28, 1932,
"BRACO"
Dark & Grey
RYE BREAD
20 cts. per lb.
HABADE
[Hamburg Bakery & Delicacies)
HONGKONG STORE: French Benk Bldg., 1st Floor.
6. Queen's -Road Central.
8%
KOWLOON STORE, 12. Hankow Road (Opposite Blar Theatre). Tel. 88120.
Tel. 80480,,
Or From All Compradores.
DEBEN TURES
REALTY COMPANY 8% INTEREST VS 6% INTEREST MEANS ONE THIRD MORE INCOME
The following extracts are takon from the Chairman's statement at tho fast annual Shareholders' Meeting, Fobruary 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 es 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 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."
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
96 Average Average Value Interest Commission foaned rate
% 54% 9.18% 1.215% 56% 9.33% 0.765%
Excess Interest over 8%
118,614
255,291
Amount Commission Earned ¥122,316 146,825
$373,905
€269,141 373,905
Earned above 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 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.
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 festablished 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 land and mortgages 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 balanco shoots as of December 31, 1931 shows:
Assets
Lands and Buildings at cost
Cash
Mortgages on Real Estates held by Company Dec. 31.
1931
Total Debenture issue Dec. 31, 1931
$12,341,726.31
3,351,055.84
1,844,259.17
35,971,200
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, CO.
"The Real Estate Market Place of Shanghai”
70, SZECHUEN ROAD.
SHANGHAI,
CINEMA SCREENINGS.
NOTES SUPPLIED BY THE THEATRES
}
Child stars don't remain child stars all their lives, They grow up. And, generally, they disappear into ob Bcurity. Not so, however, with Ben Alexander, child star of D. W. Grif- fith's "Hearts of the World" and a score of other movies of a decade ago. lie's no longer a child star, but an adult player of distinction He will be found in an important role in "The Vanishing Frontier," coming to the King's Theatre on Thursday next starring Johnny Mack Brown, and featuring Evelyn Knapp, Zau Pitts, Raymond Hatton and J. Farrell Mac- Donald.
In "The Vanishing Frontior," Alexander la cast as the brother of Evelyn Knapp. Sho, as the daughter of a general in charge of the military Kovernment of Old California, is in love with Johnny Mack Brown, an out- law fighting against her father.
Kamily
"Lady and Gent."
There are four types of lovers among American men. Tint you have on the authority of blonde young Wynne Gibson, featured with George Bancroft in "Lady and Gent," a Part- mount picture, which is showing at the King's Theatre. First there is tho tender lover. He la virtual slave to the woman. he adores. He is never even for an instant, unkind or harsh. Ho tries to anticipate her every wish, and fulfill it before she can express it. Second, there is the noble lever. Ho in the kind who is willing to give up a chance to make good in mily ties,
father's brokerage office, or any- thing else, to win the girl he loves. Then there is the romantic lover. Ilo must have a moon, sighing pine boughs, and soft munje in the dis- tance to put him across. This type usually has to digest a couple of volumes of James Branch Cabej de- fore n date. And Inst, but certainly. not least, there is the civilized man the masterful lover. Most of to- day's popular screen lovers are of this type-Maurice Chevalier, George Ban- croft, Clark Gable, John Barrymore, Frederick March and Ronald Colman. Miss Gibson, in "Lady and Gent," de- nonstrates her own liking for the type by sticking with cirie George Bancroft.
in
CALL OF THE WEST
(Continued from Pape 3.)
"Are you hurt?" he cried,
ve
She looked into his eyes and sud- denly. Dona became repentant. Dud- ley had suffered during her absence, that was certain.
"I'm all right. How is Dad?" She spoke rapidly.
"He's running around like a wild man. We'd better get right in be- fore he burns down the camp." Dud- ley was beginning to regain his composure now that he saw she was not harmed.
"Has he been riding?" Dona asked contritely.
"All over the mountain! You'll never know how glad I am to see you, I could no more handle him than I could a wounded tiger"" Dudley was plainly relieved to have Asper off his hands.
"We'll gallop right in," Donn said She cast a last glance up the slope where the posse was forming around the dense growth in which she had loft Stan Ball. The circle had tightened and the men now were crawling forward with the greatest caution.
Dudley mopped his face with a silk handkerchief as he jolted along at her side.
"Has Swergin been in with any news?" Dona asked,
"We haven't had a word about you. This is the first news," Dud- ley shouted to make her hear above the rattle of the horses' flying hoofs. Dona's lips pulled tight and her eyes flashed. She would have some- thing to say to the big timber boss when they met and she realized also that she would havo some explain- ing to do an her own account. Her father might not be easily convinced when she told him of her experi elice, Donn was sure there would be
u acene when she explained the near lynching.
(To be continued.)
MOVING CAPITAL,
LOYANG ARCHIVES ARRIVING AT NANKING
Nanking. Nov. 27. A large number of Government employees bringing archives have arrived from Loyang.
Mr. Lin Sen will leave Loyang- for Nanking on Tuesday and is due hore on December 1, when the Gov- ernment will formally announco that the capital has been moved back here.-Router.
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