1932-08-29 — Page 2

THE, HONGKONG TELEGRAPH.

HONGKONG

PENINSULA HOTEL:

HONGKONG HOTEL: REPULSE BAY HOTEL:

A

PEAK HOTEL

and

SHANGHAI

ASTOR HOUSE: PALACE HOTEL:

HOTEL

LIMITED.

In association with the Grand Hotel Das Wagons Lits, Peking.

first class

Penang

The Scenic Gem of Malaya

CONTRACT BRIDGE

By W. E. McKenney

I believe that the most serious mistake made by even the better players are trick openings and so- called "fancy shots." If you are a good player, why not open a hand normally so that your partner can read it?

Your opponent cannot steal tricks from you if you play your cards properly, and while it is true that you may pick up an occasionaj extra trick with an unconventional opening, more often you will lose two or three tricks.

A vivid example of that is given in the following hand which was played in the recent All-American auction team of four championship event at Cleveland,

AQ-3 ❤Q-5-3-2

Modern

+9.4

throughout and

*10-8-4-3-2

beautifully

9-7-2

NORTH

AA-J-

Situated

V9-6

10.8

J-8-6-

S

W

A-J-7

3

2

Q-10-

A-7-6- Dealer

5-2

5

SOUTH

K-Q

AK-6-5-4

❤K-10-8-4

A-K-7

J-9

Hotel

Runnymede Hotel

Malaya's Premier Hotel

Food and Wines especially good.

AFTER-DINNER DANCE

Every Thursday & Saturday-Orchestra Daily.

CABLES "RUNNYMEDE"

RUNNYMEDE HOTEL, LTD.

George Goldsack, Manager.

Most Modern Hotel

in the Far East

When in-

SHANGHAI

Make your headquarters at the

Cathay Hotel

Cable Address: "CATHOTEL"

250

Rooms and Suites Each with Private Bath

Special Summer Rates, May to September

CATHAY HOTELS. LIMITED

CHINA UNDERWRITERS, LTD.

MONEY ADVANCED ON MORTGAGE OF PROPERTY LOANS

ON

INTERESTS AND REVERSIONS.

LOW RATES OF INTEREST.

LIFE

Hong Kong Bank Building. Telephone 28121.

For the Best

LOCAL VIEWS

and

PORTRAIT PHOTOGRAPHS

Go To

MEE CHEUNG

Studio, Ice House St.

Branch. 7. Beaconsfield Arcade.

I

61

The two leading teams played this board. At both tables South

opened the bidding with one no trump, all passed.

The Play.

At one table the normal opening lead

made by West-the fourth best diamond. While the club suit is hended with an ace, most players against a no trump would rather conserve this ace as a re-entry and try to esablish trick in diamonds.

H

With the three of diamond opening, East would play the queen and South would win the trick with the ace His proper play would be to lead the eight of hearts and play the queen from dummy. East would win with the ace and would then lead his ten of diamonds, South would win this 'with the king and his next play would be the king of hearts, followed by the ten of hearts on which West sig nalled with the seven of clubs.

His next play was a spade, East In this. winning with the acc. manner South took only five tricks and his contract was defeated two tricks. An East and West held 30 aces, South was minus 130 on the board.

Now against the team that won the championship, the contending West player decided to make a short suit opening and led the nine of hearts. A short suit opening is always dangerous, and proved so in this case.

East won the trick with the ace, which immediately established three heart tricks for the declarer, East came back with his spade suit which the declarer allowed to ride to his queen and here again the de- clarer is sure of another spade trick-the king. These two first tricks by the opponents assured the declarer of making three hearts, two spades and two diamonds- seven tricks in all-for one no trump, and while the opposition held the 30 nes, South in this case was minus only 20 points on the board.

His opponents, when they play- ed the hand, were minus 130, there- fore he won the board by 110 points, all due to a "fancy shot" opening that did not work.

SIBERIA

MAILS

ACCUMULATION AT MANCHUL

Harbin, Aug. 28.

It is reported here that 10,000 bags of mail are now accumulat- ed in Manchuli awaiting trans- portation eastward.-Reuter.

SALESMAN SAM

(YESSUM, MAM, I SELL ALL KINDSA JEWELRY

GENUINE FAKÉ DI'MONDS, NICE GREEN EMERALDS OR ANYTHING YA MIGHT CRAVE!

WELL, HOW). ABOUT A

WEDDING- RING?

MONDAY, AUGUST 29, 1932.

CHINA REALTY COMPANY 8% DEBENTURES 8% INTEREST, VS 6% INTEREST MEANS ONE THIRD MORE INCOME

TAKE THE GAMBLE OUR OF YOUR INVESTMENT

Te dice are loaded the odds are against yo-in the long run YOU CAN'T WIN OUT! Why gamble with the concrete things that ye have striven so hard to attain--FOR A MRAGE Why sacrifice your entire fincial independence for a will of the wisp yc can never grasp?

Tday the element of chance has to a very got extent been eliminated from modern biness

lady luck, ever a fickle ntress, has been replaced by sound business kwledge and commonserice reasoning.

Yi

Te the gamble out of your investment. are an investor-not speculator! et-rich-quick" schemes are the short cut toverty-a sound investment the keystone

the foundation of your PROSPERITY. 16 FOUNDATION OF PROSPERITY; Such investment is the China Realty Company & debenture issue--an investment with a Ekground of more. than 20 years of ccessful real estate business in Shanghai. d guaranteed by the entire assets of this undly established prosperous company.

ne rich harvest of success that we and our areholders have reaped in the past is due the well formulated and consistent policy ve have pursued a policy which has made is distinctive and sets us aparat from most other concerns having to do with the real

---CUPUT &- MAIL TODAY.

na Realty Company,

Sery.

fo. Szechuen Road, Shanghai.

Sir.

Please send me without obliga- Ba on my part a copy of your last Alance sheet and other information egarding your 85% debenture issue. Name

Address

estate business in Shanghai. We are in none of our activities in competition with our clients we are dealers in-not purchasers of real estate... The major portion of the assets of this company is invested in first class REAL ESTATE MORTGAGES to the extent of no more than 54% of the market value of the property, and so sure and safe have our valuations been that in more than twenty years of business, and in the handling of more. than ONE HUNDRED MILLION TAELS of mortgages not one cent of interest or principal has ever been lost!

The China Realty Company 8% debenture issue is offered on the undertaking that it shall not exceed 60% of the total capital of the company

a sound, safe 8% interest bearing investment available on sums of $100 or more.

NOW IS YOUR OPPORTUNITY. Our entire statistics are offered for your inspection-Let us show you how it was possible to pay 8% interest on our Debentures during 1931 and in addition make a net profit in the Debenture Dept. alone of $399,525. The China Realty Company 8% debenture issue offers you ONE-THIRD MORE INCOME than from a 6% investment, plus a security and soundness that has become a recognized factor in the business world of Shanghai to-day.

This is No. 25 of a series of advertisements Issued to interest Hongkong investors in the liberal investment opportunities offered by the China Realty Company, Shanghai.

.1

HINA REALTY COMPANY

CAPITAL TAELS 5,000,000.00

FEDERAL INC.. U. s. A.

'THE REAL ESTATE MARKET PLACE OF SHANGHAI »

SZE C

H U E N

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