1932-10-06 — Page 10

THE HONGKONG TELEGRAPH. THURSDAY, OCTOBER 6, 1932.

WHY NOT HAVE THAT EXTRA

The natural laws of economices 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 (established 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 estatos, rent collections, insurance written, trustees for beneficial owners of property and sundry sources of Income.

The Company are Realtors, not speculators in Real Estate... The balance shoot as of December 31, 1931 shows:-

Assots

Land and Buildings

at cost

Cash*

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

29th, 1932.

THIRD?

The following exacts are taken from the Chairman's statement at the last annual Shareholders'

Meeting. February "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 should receive eight per cent. interest Instead of six per cont."

"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 debenture

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 An claim on the total assets of the Company. 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

Excess Interest over 8%

Amount Commission

Earned $122,316 ~146,825

$12,341,726.31

3,351,055.84 1,844,259,11

Year

Amount

1930 10,052,040 1931 19,194,867

Market

% Value of Value Property loaned €18,662,000 54% 9.18% 34,075,565 56% 9.33%

Average Average Interest Commission

rate

% 1,215% 0.765%

$118,614 255,291

€373,905

#269,141

373,905

In the past twenty years the Company has negotiated more than one hundred million Taols in mortgages, all of which has been repaid, principal with interest.

35,971,200

"Mortgages on Real Estate

held by Company Total Debenture issue 4,840,700 by which it will be noted that all of the proceeds from Debentures are invested in Mortgages and 1.170.500 of the Company's capital.

Earned above 8% paid to Debenture holders $643,046

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 September, money commenced to tighten up. As it is we earned 1.33% interest in excess of 8% paid on our Debentures' and 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

---CUT OUT & MAIL TODAY

Secretary,

Chinn Realty Company,

70. Szechuen Road, Shanghai.

Dear Sir.

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

Address

This is No. 41 of a series advertisements issued to interest Hongkong investors in the liberal investment opportunities offered by the China Realty Company, Shanghai.

CHINA REALTY COMPANY

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

THE REAL ESTATE MARKET PLACE OF SHANGHAI

S

U E N

R

H A N CHAI

NO A

PRISON TRAGEDY

RECALLED.

JURY RETURNS SUICIDE VERDICT

The tragedy at the Laichikok Prison on September 7 was recalled

"DADDY'S LADY FRIEND."

DOMESTIC TROUBLES OF

CAROL AIRED.

London, Oct. 6.

The domestic complications of

at the Kowloon Magistracy yester-King Carol of Rumiania are againi day afternoon, when Mr. Butters, Inspiring picturesque newspaper sitting as Coroner, conducted an in-stories and Indignant official con- quiry in the circumstances attend-tradictions.

monta.

ing the death of Prison Wardor The touching affection between Michael Rooney, who was found Prince Michael and Queen Helen with a gun-shot wound in the head. since the Prince reached England The jury empanelled consisted a few weeks ago, on, visit to his of Messrs. A.D.A. Lopes (for mother, has been used to such man), W. D. Johnson and Charles advantage in the British popular Black.

press that the announcement that Dr. J. B. Mackle, Medical Oficer he is prematurely returning home of Kowloon Hospital, testified that to-morrow is ascribed to King he received a telephone call just Carol's resentmont of these com- before 2 p.m. on September 7 as a result of which he proceeded to Ono account says that Prince Lalchikok Prison, where he told Warder Rooney had been "daddy's Indy friend" (Madam Michael evinces curiosity about found shot in the head. On arrival at the Prison, he found the deceas has heard of it.Our Own CorraI- Lupescu) and that King Carol ed lying on the roadalde, suffering

pondent. from a gunshot wound in the head. Witness Immediately sont for an ambulance and had the deceased re- moved to the Kowloon Hospital, whore despite everything that could be done for him, he died about 3 p.m.

WAN

MISAPPROPRIATION

PUBLIC MONEY FROM N.Z, LONDON OFFICE

Wellington, Oct. 6. Advice that the misappropria- tion of public money has been dis- covered in the Now Zealand High

On examination, witness found] that a bullet had entered the head of the deceased at a spot a quarter of an inch in front of the upper Commissioner's office in London, lobe of the right enr. Death was in contained In a cable which Mr. caused by this wound.

Deceased, witness stated, had been under observation in Kowloon Hospital in July. It had been re- ported that deceased was behaving In a pecullar manner in the mess- room, and he was sent to the Kow loon Hospital theoretically for observation of his teeth but in reality observation of his mental condition.

Mr. Jack Johnston, Principal Warder of Lalchikok Prison, was the next witness called. He depos

Downle

G. W. Forbes, Prime Minister of Now Zealand, announces he has received from Mr. Stewart, Minister for Finance, who is visiting London. The die- Secretary to the Treasury, in re- covery was made by Mr. Park, the

viewing the work in London.

Two responsible officers are re- ported to be implicated, and the question of criminal proceedings le being considered.

Mr. Stewart has reported that ed that the deceased joined the ser- no blame can be attributed to the vice in 1926, and had been attach-gh Commissioner, Sir Thomas ed to Laichikok for about nine Wilford. Ths New Zealand office months. A 1.16 p.m. on Septem in London announces that the |ber 7, he saw Rooney at ́parade and amount concerned is comparative- found him to ba apparently ly small, but both officers have normal. Deceased was naked to been suspended.-Router. relieve Warder Friend and witness saw him taking over duty.

OBITUARY.

A FORMER RESIDENT

long time.

OF-HONGKONG

A few minutes later, when wit- ness was sitting down for his timin, ho heard Д ahot outside his quarters, and rushing out to the verandah he could see the deceased cable of the death in England of News was received in Kobe by lying on the roadway. Immediate Mr. A. Quint Prior, a former Kobe ly after ascertaining the cause, resident. He had been for a witness had Dr. Mackle sent for.

Asked about the behaviour of the deceased in July, witness and served in the Honourable Artillery Born September 22, 1900, he it had been reported to him that Company during the war, and folu the deceased was behaving queerly. 'ed Thomas Cook and Son in 1919. He seemed to be always talking to He was first stationed at their then himself and was constantly mut-fead Office at Ludgate Circus, and tering. He was, however, normal while on duty."

quito was transferred to Hongkong in He was not 1924, to Shanghai in 1925, to Kobo married and led a quiet life, but лв brooded a lot. He was a southern Yokohama as Acting Manager in Chief Clerk in 1926 and to Irishman.

In answer to the Coroner, wit-appendicitis in 1927, be subsequent- 1928. Operated on successfully for ness said he found the revolverly experienced continuous and in- few feet away from the body of the creasing bad health. In January deceased. On examining the cham-11929 his liness had become so acute ber, he found a spent cartridge in-that he was invalided home, and be sido.

Deceased was a moderate drinker London, Since then his health grew underwent major operation in and witness had never seen himsteadily worse and he left the Com- drunk.

After hearing further evidence,

pany in September 1981. the Coroner said it was unnecessary former Miss Elsie King.

Mr. Prior leaves a widow, the

to hear any more, as it was fairly

obvious that decensed had com formed their own conclusion. mitted suicide. The jury had The jury returned a verdict of heard of the peculiar behaviour of "Suicide whilst temporarily in- the deceased, and ne doubt had алдс.

GOSH/

I DO FEEL ROTTEN

MRS. MOTONO Massage.

Hand and Electric 318, Wyndham Street.

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