12
THE HONGKONG TELEGRAPH.
"ANCHOR"
FINEST
NEW
ANCHOR
ZEALAND
SUPERFINE
BUTTER
QUALITY
THURSDAY, DECEMBER 15, 1932,
CHOICEST
NEW ZEALAND BUTTER
"THE WORLDS BEST"
Delivered to any Address in the Colony by
LANE, CRAWFORD, LTD.
or
From All Compradores,
CHINA
8%
DEBEN FURES
INCOME
REALTY COMPANY 8% INTEREST VS 6% INTEREST MEANS ONE THIRD MORE
COMPARISON
Mortgage Department, 1930-1931
Market
Year
Amount
Value of
Property
1930
10.052,040 1931 19,194.867
18,662,000
34,075,565
''% Value
loaned 54% 56%
Average Average
Commission interest
% rate
1.215% .9.18%
0.765% 9.33%
Excess Interest
over 8%
3118,614
255,291
373,905
Amount Commission Earned $122,316 146,825
3269.141
373,905
Earned above 8% palù to Dubentura holdors~ 3643,046
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 the above it will be seen 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. that our 8% Debentures are secured by first mortgages on 56.4% of value and backed up with ¥5,000,000 capital,
The following extracts are taken from the Chairman's statement at the last annual Shareholder's Meeting, February 29th, 1932.
"We feel that the Debenture holder from an investment standpoint, is just as much an interested partner of the Company 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 recognize this principle-that even banks will allocate As our balance to depositors a part of profits earned on their money over and above current rates of interest. 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 to 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 per cent. upon your invest- ment and or savings, you are not using judgment but following old customs, believing 5 per cent. and 6 per cont, are current rates."
·
The natural laws of economics require an investor to secure the best return especially upon saving ---- trust funds consistent with safety.
The China Realty Company is one of the oldest (establish- ed 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, insurance. written, trustees for beneficial owners of property and sundry sources of income.
The Company are Realtors, not speculators in Real Estates.. The balance sheet as of December 31, 1931 shows:
$12,341,726.31 Assets
3.351,055.84 1,844,259.11
Lands and Buildings at cost
Cash
Mortgages on Real Estates held by
Company Dec. 31, 1931
Total Debenture issue Dec. 31, 1931.
$5,971,200 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.” Fed, Inc., U.S.A. 70, SZECHUEN ROAD
...SHANGHAI.
CINEMA SCREENINGS
NOTES SUPPLIED BY THE THEATRES
"The Call of the Sea." co-featuring those popular English stars, Henry Edwards and Chrissie White, opens to lay at the Queen's Theatre, Ed. wards as the naval officer who dir- covers and destroys a perfidious proc against Britain is said to present ond of the most luscinating and moaned enaracterizationa
De
n.s UL career; was BIBS VAL. We LUB to give but a memoradia and excenent- POTREBY 48 149 1
britny, ins Iat "The GRIT OF Wu Dea.”
uf tna miveNCUEN sary concerns Leutenant Dickie Goou, who, whos v.sking a ferater sweetheart, now 01 inscried to the deputy-governor And, la cuaYucca was ano 15 being 11-eated by nue nusvand und also that the alter a engage in somo turns mysterious occupation que to be the operation of platinum tune worked by kidnapped UVILLA Valcers. how the neutenant
A BECKEL
the clutches of the auputy-governor, yet armed with this inengence, geta in touch with the dutcharities, ienus up Lo Las aramate clunax of the picture. Bir. Lease Fuscout, mrector of many recent kuitian rum successes, handied the megaphone for The Call of the Sea." e supporting coat includes Alec Field and Bernard Nedell.
it
Woolsey Tops Carcer..
"I was born in Cincinnati, Ohio, and denied mother and dad have never
Woolsey, Whoso it," writes Robert first solo-starring comely, "Every- Lungs Rosie," comes to the Queen's Theatre on Sunday. "1 Roon discovered ingest," he continues, "for them was the days "efore safety pins were perfected. There was a kick in every pin. It was those pointed reminders of my existence, perhaps, that made me so sharp. Wisdom 1 demonstrat- ed at an early age, a very curly age. I became a jockey. Then I met horse who was even wiser than I. I
He was a Kentucky derby winner.
quit race, 1 fell on ise during a jockeying. The only thing the benal didn't break was my heart. I then became bellhop, but lost that job when, after making more money than
THE
BLUE FUNNE
LINE
REGULAR AND FAST PASSENGER SERVICES
FREICHT AND
LONDON SERVICE
HARPEDON AGAMEMNON
31at Deu,
4th Jan.
For Marasillos, London,
For Marandios, Luadon,
Rotterdam & Hamburg
Bolterdam & Ginagow
LIVERPOOL SERVICE
MACHAON
11th Jan. For Havre, Liverpool & Glasgow NEW YORK SERVICE
MARUN
11th Jan. For Boston, New York & Baltimor
vis Philippines & Straits
PACIFIC SERVICE
17th Dec. For Victoria, Seattle & Vancouver TANTALUS
Eth Jan, For Victoria, Seattle & Vancouver TYNDAREUS NWARD SERVICE
MACHAUN
MEMNON
Specially reduced fares are
One 19th Dec. For Shanghai
For 'hai, Kaba & Yako, Due 22nd Deo.
quoted for cargo steamers with limited passenger accommodation. For frakt, pursage rates and Information apply to the
ander-mentioned."
All bookings are subject to the provisions of the Company's
Bill of Lading.
the hotel owner, I refused to buy the BUTTERFIELD & SWIRE.
Joint. Then, I went into stock.
841
did two hits, and received that much for it. So I zaid to the maneger, if Booth could do it, 1 can. lle totd me that the only difference between Booth and
myself wna everything. He 1 made him laugh. So I became a character comedian, I adopted my characteristic spectacles because ripe tomato juice hurt my eyes, and my cigure because the studio buys them. Then I got married and had to go to: work. gained my most consistent following by the shortest line I have ever read before an audience-I do." She'n still with me,"
"Thunder Below."
Senator IVES A United States Tallulah Bankhead's first dramatic her ller instructor was teacher. father, Senator William I. Bankhead, of Alabama. The lessons always were in Shakespearan roles, enacted in their home. Senator Bankhead the always has been an admirer of famous Bard and to-day is considered one of the nation's most thorough students of Shakespeare. Miss Bank. head's first public appearance was as successful contestant in a beauty test beld by a Washington, publica. tion. The judges made their award Fram photographs and Miss Bankhead has the beauty and personality regis- ters in that medium. It was inevit able that Miss Bankhead should choose the stage as her vocation. She was literally brought up on dramu. act, to impersonato was an inherent temperament. Her quality of her
school and private early convent
Course education was followed by a
То
in a dramatic school and after gradua tion she immediately sought a job on She is now to the dramatic stage. be seen in "Thunder Below" King's Theatre.
"Business and Plcanure."
EUROPE SUEZ
Agents
The
AMERICA SUEZ President
9.TRAITS AND INDIA
TO CALIFORNIA TO NEW YORK VIA PANIKA
TO SEATTLE & VICTORIA
INTERPORT Liners INTERPORT
Weekly Sailings Transpacific
TO MANILA
To San Francisco, Loś
Angeles & New York
via Panama
Pres. Lincoln...
Pres. Coolidge
To Seattle and Victoria
Fortnightly sailings on Wednesdays. Fortnightly sailings on Saturdays.
Pres. Wilson ......
Dec. 21, 3 n.m.
Pres. Jefferson
Jan.
4
Pres. Madison
Jan. 18
Pres. Cleveland
Dec. 24
Jan. 7
Jan. 21
ROUND. TRIP FARES TO EUROPE & AMERICA. Special through rates to Europa via United States. Direct connections with all Atlantic lines. Choice of rail lines across United States and Canada, liberal stop-over privileges for aight-seeing. Full particulars upon application. Fortnightly via Suez to Europe & America. Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Sacz Canal, Alexandria, Naples, Genoa, Marseilles, New York & Boston. Pres. MonroG Pres. Van Buren
.... Dec. 24 Jan. 7
at tho
Next Sailing
Dec. 24 Dec. 27
echsa.
Will Rogers continues his tional career on the talking screen in adapted "Business and Pleasure," from the best-seller novel, "The Plutocrat," by Booth Tarkington, in his latest Fox productión, commencing on Sunday next at the King's Theatre. Rogers, in this newest comedy, has the role of Earl Tinker, middle wes- takes his tern manufacturer, who family on a sight-seeing tour to the Mediterranean, and incidentally com- bines pleasure with a brilliant plecu of business. The story, written by Tarkington primarily as a defence of the typical American tourist and as an answer to the satirical attacks on the native son by Sinclair Lewis in
Street,' his "Main
and "Babbitt," retains much of its delicious flavour! in the screen version. Few changes were made to give the production dramatic forms as well as to serve as # proper vehicio for the Rogers' brand of humour. Mrs. Tinker, played by Dorothy Peterson, is a nogging wife, jealous of every move her husband makes Olivia Tinker, enacted by 20. Peggy Ross, is a young girl of angry with her father for drogging her away from her sweetheart, and determined to punish him for inter- fering in her affairs.
H.K. SMUGGLING
OUR CO-OPERATION WITH
· CHINESE CUSTOMS
London, Dec. 14,
Pres. Garfield Pro. Polk
Jan. 21. Feb. 4
Pres. Jefferson Dec. 17.
Pres. Madison ..... ... Dec. $1 .... Jan. 7
Pres. Van Baren
Fres. Monroe Pres. Coolidge
CONNECTING WITH S.S. MAYON TO CEBU, ILOILO.
ZAMBOANGA.
DOLLAR STEAMSHIP LINES
AND AMERICAN MAIL LINE ·
CANTON BRANCH-No. 4 Shakes Street.
SWEDISH EAST ASIATIC
GO. LTD
SERVICE OF EAST MOTOR VESSELS (with Limited, but exceptionally good, passenger accommodation), Homewards to: Port Said, Gonoa, Marseilles, Algiers, Oran, Rotterdam (Amsterdam). Hamburg, Oslo, Gothenburg and her Scandinavian Ports.
Outwards 'to:
via
Manila and Straits Settlements.
Salking about
M.V. "TAMARA”
M.V, "PEIPING"
Bist Dec. 29th Jan.
SHANGHAI & JAPAN PORTS.
M.V. "PEIPING"
:
M.V. "FORMOSA"
Sailing about 23rd Doc. 21th Jan.
£57-
Passenger Raten:
In the House of Commons to-day informed the Colonial Secretary Mr. Nunn that he had communica- ted with the Hongkong authorities on the subject of co-operation with the Chinese Customs in preventing smuggling on British ships trad- Agents: law with Chinese parts, and was awaiting a reply.-Our Own Cor- respondent.
Hong Kong to Genoa/Marseilles
Hong Kong to lat North Continental Ports .... £02
CILMAN & CO., LTD.
Hongkong
lên E HUYỆN
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