1932-09-26 — Page 2

THE HONGKONG TELEGRAPH.

MONDAY, SEPTEMBER 26, 1932.

HONGKONG

PENINSULA HOTEL:

HONGKONG HOTEL: REPULSE BAY HOTEL:

A

PEAK HOTEL

and

SHANGHAI

ASTOR HOUSE: PALACE HOTEL:

HOTELS

LIMITED.

In association with the Grand Hotel Dos Wagons Lite, Poking.

first class

Hotel

Penang

The Scenic Gem of Malaya

Modern throughout and beautifully Situated

Runnymede Hotel

Malaya's Premier Hotel

Food and Wines especially good.

AFTER-DINNER DANCE

Every Thursday & Saturday-Orchestra Daily.

CABLES "RUNNYMEDE" RUNNYMEDE HOTEL, LTD.

Most Modern Hotel

in the

Far East

George Goldsack, Manager.

When in

SHANGHAI

Make your headquarters at the

Cathay Hotel

Cable Addres: CATHOTEL"

250

Rooms and Suites Each with Private Bath -

Special Summer Rates, May to September

Cathay HOTELS, LIMITED

LIPTON'S FAMOUS

TRY LIPTON'S

NEW PACKET TEA

CEYLONTA

TEAS

FROM ALL COMPRADORE STORES

GREEN

CEYLONTA

TEA

LABEL

Agents:-W. R. LOXLEY & CO.

CHINA UNDERWRITERS, LTD.

LIFE

MONEY ADVANCED ON MORTGAGE OF PROPERTY LOANS ON INTERESTS AND REVERSIONS. ·

LOW RATES OF INTEREST.

Hong Kong Bank Building. Telephone 28121.

CONTRACT BRIDGE

By W. E. McKenney

Don't be satisfied with just your bid or just game. Try for the extra trieks, and when on the de- fensive, even though you cannot stop game, play your hand carefully to prevent those extra tricks. These points are well illustrated in to-day's hand.

4A-6-3

10-9-8-3

KNJ-7-6

+10-8

4K-Q.

NORTH

10-0.

AJ-9 VQ-7-2

4-2

+Q-8-5-

6-6

2

*6-5-2

SOUTH 3

47-5

+10-4 Dealer *Q-9-7-

❤A-K-J-4

• A-9-3-

4A-K-J-4

The Bidding.

The hand was played in a con- tract bridge tournament. At most of the tables North and South finally got the contract at four: hearts.

The Play.

West had the opening lead and led the king of spades which was Won in dummy with the ace. The ten of hearts was returned from dummy, East played the deuce and South the four. The nine of hearts was next led, East played the seven and South, the declarer, played the jack. Declarer then led the ace of hearts, picking up East's queen, West discarding the deuce of spades.

A small diamond was led to dummy's king and the jack of dia- montis returned from dummy. East, who held only the eight and queen of diamonds, would gain nothing by covering, so plays the five. South played the nine and West the ten. The ten of clubs was led from dummy. Now we find East with the queen and nine of clubs, and the ten spot should now be covered by East with the queen. If East should fail to cover, the declarer would play the four and then lead another club from dummy and finesse the jack. The two apades will be discarded on the ace and king of clubs and the losing spade in declarer's hand will be trumped in dummy with the eight of hearts. In this man- ner the declarer would make a grand slam.

But when Enat covers with the queen, the declarer to win the trick must play the king. Declarer can now cash his ace and jack of cluba but forced to ruff the four of clubs in dummy with the eight of hearts. His next play is a diamond from dummy which is won in declarer's hand with the ace. The good king of hearts can be cashed but the opponents must win the last spade trick.

East, by covering the club with his queen, has held the declarer to six odd, but as only four were bid, the declarer scores 120 for the tricks bid and made and 50 each for the two extra tricks. As both sides were vulnerable, he receives 500 points for game.

COTTON DISPUTE

SETTLEMENT AWAITS

RATIFICATION

Manchester, Sept. 25. All difficulties in the cotton dis- puta have now been removed. The settlement will be submitted to the full bodies of the employers and operatives, probably on tho 27th inst.

It is expected that if the agres- ment is ratified by bath, as practically certain, work could restart on the following day- Router.

HERE 'IS

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

COMMON SENSE

CALLING!

YOUR

OPPORTUNITY

ΤΟ GAIN A THIRD

MORE FROM THAT SECOND INCOME YOU HAVE PLANNED

Why be satisfied with only 6% interest when your capital of Tis. 100 or more can earn 8% for you with safety?

It is a significant fact that to-day many people are reinvesting their savings in China Realty Co. 8% debentures and participating in the increased returns offered. It is not only labour that is earning more to-day: money is also busier and more efficient and therefore earns more in the shape of large dividends. If your funds are invested in good securities which are carning you less than 8% a year, then you have a lot. of lazy or inefficient dollars working for you and you should give them a new task master.

Because we believe that the investing public should get a larger share than usual in the profits which accrue to modern business we pay interest of 8% on our debentures which are issued in denominations of

--CUT OUT &- MAIL TODAY

China Realty. Company,

Secretary.

70. Szechuen Road, Shanghai.

- Dear Sir.

Please send me without obliga tion on my part a copy of your last balance sheet and other information regarding your 8% debenture issue. Name

Address

Tis. 100.00 each... No sounder investment than these debentures can be found because they are backed not only by sound and conservative real estate mortgages but by the entire assets of this prosperous company as well. Your income from an 8% investment is one- third greater than from a 6% investment.

We welcome the small investor as one who, no matter how small his investment, becomes a friend of the company and thus adds to the value of our good will. If you have Tls. 100 or more of idle money, or money which is earning less than 8% invest it in China Realty 8% debentures,

During the past 20 years, we have negotiated mortgages amounting to more than Tls. 100,000,000.00 and so accurate has our judgment been that not one cent of interest or principal has ever been lost.

This is No. 38 of a series advertisements issued to interest Hongkong investors in the liberal investment opportunities offered by the China Realty Company. Shanghai.

ས།

CHINA

REALTY COMPANY

CAPITAL TAELS 5,000,000.00 FEDERAL INC., U. S. A.

-THE REAL ESTATE MARKET PLACE OF SHANGHAI

7074

Z E C

U H

EN

R

D..

SHAN

H

嘗

NA

进

Teething troubles

Because SCOTT'S Emulsion

contains 44% of pure cod liver

all and lime salto

for bone formation,

It prevents teething troubles, rickets and molt bones. Ask for Bonvino

SCOTE EMULSION

SALESMAN SAM

FROOTZ

FROOTZ. & BENANAZ

EPPELZ

WIT WOMS

Hay! CHEESE

It's O. K. for Sm, Though!

CAUGHTCHA RIGHT IN THE ACT, HUH? WELL, PUT THAT APPLE BACK! DON'TCHA KNOW T

AIN'T RIGHT TA STEAL?

FROOTZ

ная

By Small

AN" "TH' NEXT TIME I KETCHA DOIN' IT,

VEL RUN YA IN!

FROO