1938-11-24 — Page 14

"I can tell

WHITE HORSE

blindfold

it's equal to a fine liqueur"

Sole Agents for South China: JARDINE MATHESON AND COMPANY LTD.

Here's Luck!

EWO

EAT AT

BEER

Jimmy's Kitchen

INEXPENSIVE SATISFYING

THE CHINA MAIL, NOVEMBER

ELLERMAN HEIR

Regains Millions That Went To The State

..:

When Sir John Ellerman, £37,000,000 shipping magnate, died five years ago, death duties left his son with the family fortume reduced to £18,000,000. After five years, the new Sir John Ellerman, now twenty-eight, is estimated to be worth more than his father ever was.

The accounts of Ellerman Lines, Ltd., have been published. The company control 104 ships trad- ing to every country in the world.

Their profit last year was £1,177,-| 906. That is 61 per cent. more than in 1936; and the 1936 profit was 23 per cent. more than in 1935.

So, for the first time since his father died, Sir John has decided to pay himself a dividend on the De-

Nazis

Active

ferred Ordinary capital, a modest In S.W.

ten per cent. The rest of the profits go back into the business.

£100 BECOMES £127

This will help to explain how Sir John has regained the millions that went to the State:-

1

Africa

Under Germany By Christmas

THE STATE OF NERVOUS-

NESS PREVAILING IN SOUTH-

One hundred pounds in a business earning 5 per cent. becomes more than 127 if you leave the profits alone for five years." Amillion pounds, similarly invested becomes WEST AFRICA WAS STRESS- approximately £1,276,000.

But the earnings on much of Sir ED. BY MR. L. TALJAARD, A John's capital in the past year have|MEMBER OF THE SOUTH- been equal to 50 per cent.

WEST AFRICAN His companies have an income of £4,000,000 and floating as-MENT, WHEN HE ARRIVED sets of £5,545,910:

investment

A shipping expert said to me re- AT CAPETOWN. cently. "There is always money to be made in shipping somewhere.

"If one of his companies loses a bit another makes it up?

Sir Joh. a modest young man, devoted to his blackhaired young wife Esther was in a position to leave his millions alone..

BREWERY SHARES

PARLIA-

This ren

paring to d

ing day and

partment fo

Worl

econo

The Vauxhall [40 m.P.g®

On a 1 Mr. Taljaard is one of the leaders trial, over 1,000 m

of South-West Africa to Germany. of the agitation against the return the 10 h.p. Saloon And it has Irid He said that much underground Hydraulic Brake chromesh and m work had been done by Nazis.

features.

"It is significant," he said, "that when the European crisis was at its height all Nazi flags and emblems. in Windhoek disappeared, but ap- peared in greater numbers than His father's brewery shares, whichever after the Munich agreement, stood at £180 per £100 in 1988, are "Now it is openly said that South- now worth about £290 per £100. West Africa will be under Nazi rule |

His London General Investment] by Christmas. The non-Nazi Ger- Trust shares, worth at death duty mans are already trimming their time £210 each, have rocketed £60 sails to meet the new situation they or.. £70 each.

expect and even fear,

.

Of Sir John's yearly income of pro- bably £1,000,000 half is paid out in income tax and surtax. Of the re- maining half-million Sir John spends personally, perhaps, £5,000 a year. The rest goes back in to the business colony returning to Germany." to multiply again.

"About 60 per cent, of the popula- tior favour the present constitu- tion. The remaining 40 per cent. in- clude many who, before the Munich

At the Ellerman offices in Moor- gate E., C., I was informed: "Sir John never comes here."

agreement, were opposed to the

"NO GIVING AWAY”

Dr. D. G. Conradie, Administra- tor of South-West Africa, has sent Controller of Sir John's fortune is

a message to the Herero tribe warn- Lieut. Colonel Sir William Co, ing them not to be influenced by erect, Somerset-born nephew by nonsensical?" statements circulat marriage to the first Sir John. It ed by Truppenspieler"

THE

W

T

GIVE

TH

-people

so stupid as

THE

Powel

is he who directs the millions invest-playing at soldiers. ed-in-real-estate, ships, newspapers, The message was delivered at the marks against the breweries.

annual Herero gathering at Oka- là told that stori handja, the grave of the well-knowning, round that th Herero chief of that name... taken over by Gu

"The Administrator learns,"

The Union Go "the message, “that some of you are lintention of givi

Sir John recently gave up living in a six-roomed villa, and bought a house in Kensington Palace-gardena

Millionaires Row..