1932-10-13 — Page 11

THE HONGKONG TELEGRAPH. THURSDAY, OCTOBER 13, 1932.

Safeguarding Your Investment

The natural laws of economics 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 estato companies in Shanghai with a steady successful record back of it,

Capital Tls. 5,000,000 fully paid in cash.

of

Business turnover 1931, Tis. 45.632,300 in land and mortgages only, which does. include management not estates, rent collections, insur- ance written, trustees for bene. ficial owners of property and sundry sources of income.

The Company are Realtors, not speculators in Real Estate.

CHINA

The balance sheet as of December 31, 1931 showe—

Assets

Land and Buildings at cost

Cash

Mortgages on Real Estate held by

Company Dec. 31, 1931

Total Debenture issue.

$12,341,726.31

3,351.055.84

1,844,259.11

$5,971,200 4,840,700

by which it will be noted that all of the proceeds from Debentures are invested in. Mortgages and Tis. 1,130,500 of the Company's capital.

If afer careful considera- tion of actual facts and figures you are receiving less than 8% upon your inveatments and/or savings, you are not using judgment but following old customs, belloving 6% and 6% are current rates.

REALTY COMPANY

8%

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.

DEBENTURES

INCOME

8% INTEREST VS 6% INTEREST MEANS ONE THIRD MORE

The following extracts are taken from the Chairman's statement at the last annual Shareholders Meeting, February 20th, 1932.

"We feel that the Debenture holder from an investment standpoint, is just as much an interested partner of the Company as the Common Share- holder 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 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 deben- tures 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 of the figures involved shows that every debenture has behind it assets equal to three times its value.

COMPARISON

Mortgage Department, 1930-1931

Market

Year

Amount

Value of Property 1950 10.052,040 318,662,000 1931

19,194,867 34,075,565

6 Average Value Interest loaned rate

54% 9.18% 56% 9.33%

Average Commission % 1.215% 0.765%

Excess Interest over 8%

118,614

Amount Commission

Earned

255,291

$373,905

3269,141

373,905

$122,316

146,825

Earned above 8% paid to Debentura holders- 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 September, money commenced to fighten up. As it is we earned 1.33% interest in excess of 8% paid on our Debentures, in addition to $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.

"The Real Estate Market Place of Shanghai"

---CUT OUT & MAIL TODAY

China Realty Company,

Secretary,

70. Szechven 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 issuo. Name

Address

This is No. 43 of a series advertisements issued

to imerest 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^Z E C H ̈U ́E N

RDS

SPECIAL CHRISTMAS PRICES:

19

11

03

+

16

*

*

"I

HANGHAI

Cabinet (6%1⁄2 X 43⁄43⁄4) $25.00 per Dozen, $15.00 per 1⁄2 Dozer Boudoir (8 X 6) $35.00

$20.00 Royal (10 X 81 $50.00

$30.00 CHRISTMAS “MAIL-PHOTOGRAPHS." Cabinet (6 X 43%) unmounted, printed on thin, Card $18.00 Par-Dozen,

Appointments: KOMOR & KOMOR

or: Tel. 21070,

For the Best

LOCAL VIEWS

and

PORTRAIT PHOTOGRAPHS

Co To.

MEE CHEUNG

-Studio, lea House St.

KOBZA STUDIO.

Branch, 7, Beaconsfield Arcade.

LÝTTON REPORT

CONDEMNATION BY THE CANTON COUNCIL

The South West Executive De- partment of the C.E.C. and the South West Political Council have jointly lasued a circalar telogram to the Central Party Headquarters,

BANKS.

THE CHARTERED BANK OF HONGKONG AND SHANGHAI

INDIA, AUSTRALIA & CHINA.

Incorporated by Meyal Charter 1885.

HRAD OFFICE-LONDON.

42,000,000

1000,400

-1,000,000

the National Government, and the Peld-up Capital country in general, dofining the erre Pund local opinion on the Lytton Com Rave Lislilfir of Proprietors. mission Report, says the Canton] AGENCIES AND BRANCHES Gazelte,

SEREMBAN -

SHANGHAI

BITIAWAN

BANKING CORPORATION,

Authorised Capital ........................$94,808.403 Forbed and fully Puidup...****** 25,000,000

Raazra Punde 1---

MEN..$15.000.000

Kamerve Liability of Proprietors ..£20,000,000

FIKAD OFFICE—KONGKONU,

BOARD OF DIRECTORS.

Han. Mr. J, 3. Paterson. Chairman,

* 1 Farve: Entz

Depoty Chakman,

SINGAPORE How M W. 21, INIL, J. A. Plummer, Tad

A. I. Compton, Heg. T. II. 2. Bhaw, Din ! M. T. Jakondom, Beg, J. P. Warren, Ee

ALOR STAR IDILO

ГОЛ KARACHI

BANGOON BAIGON

SEMARANG

BORDAY CALCUTTA CANTON

KLANG. KODE KUALA

LUMPUR

SOURABAYA

MADILAB

MANILA

MZDAN

TAIPING TIENTSI TONGKAH

NEW YORK

(B)

PEIFING

(Poking).

PENANG

Reviewing the Incidents since AMRITSAR September 18 last year, the local PANOLOK message recalls that China had UATAVIA from the very first offered no re- elstance and depended on the League, while Japan had utilitized CAWNPORE KUCHING the opportunity to execute her. CEAU schemes. The League had failed COLOMBO to take effective measured to DELIU check the Japanese atrocities, and HAIPHONG had instead appointed a Commis- HANKOW sion of Inquiry, thus altowing ARDIN Japan more time to commit her ONGKONG aggressivo acts;

The publication of the Lytton Report, continues the local mess- agu, had been eagerly awaited in the hope thut despite the delay, it would at least be instrumental in effecting a fair seitlement of the dispute.

But the Report has

HAMBURG

THINGTAO

.

YOKOHAMA

ZAMBOANGA AMOT

ANGKON

BATAVIA

CANTON Fixed CHF200

COLOMBO

and

6. Makin, D

V, 1. GRAYZURN, Eve

Foreign Exchange and General and Banking,CALČUTTA bumieme transacted.

Current Acepants opened 3pouis neatwed for ĐẦU XE Độ Larte parkede at rate which will be

pleation.

A. EL. YERGUSON,

* Manager. Hongkong. 9th July, 1982.

AIREN' POOCHOW HAIPISUNG HAMBURG BANKOW

been a disappointment. Its con- THE HO HONG BANK LTD. HARIN

(Established 1917).

HEAD OFFICE:SINGAPORE.

Local Branch:-

clusions are contradictory to its own findings and to the covenants and treaties on which the Report is based. While Japan, whose military operations were recog- -nized as no measures of legitimate, self-defence, has violated the Convenant and the Pacte and Authorised Treaties, and

HONGKET

110110

HOM

JOHORE

КОВЕ

KOWLOON

CHIEF MANAGE

DRANCHES

KUALA LUMPUR

LONDON

LYONS MALAGUA

MANILA KUAR (Johor)

MUKDEN ––

NEW YORK TRIPING** PENANG DANGGON

BAIGON

SAN FRANGBOD

BILANGHAI

SINGAPORE

SOURABAYA

BUNGEI PATAN

TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA 18, Queen's Road, Central.

Current Accounts opened in Local Darrencj and Fixed Deposit rendived for one year ci shorter perioda in Local Currency and Burling Straits $20,000,000 artem which will be quoted on soplications

Hongkong, th Apr‡, 1981, BONGKONG SAVINGS. BANK 4,000,000! The Harlow of the above Bank is conduste

the League itself Capital hnd on various occasions come to Issued the decision to restore the status Paid-up

been quo in Manchuria, it has astonishing to see that the Report Reserve Liabilities states that the restoration of the of Shareholders Atatus quo is not a measure for acttlement.

The proposal to create Man- churia into a sort of autonomous state with foreign supervision is strongly criticized by the local message, inasmuch n the Com- mission admits that Maneauria is a part of China. The proposal of autonomy in Manchuria as taken

• 8,000,000 4,000,000

by the HONGKONG AND BHANGHAI BANK BRANCHES and AGENCIES in ING CORPORATION. Rules may be obtai

on apoiation. the principal cities of the world.

Every description of Banking and BANKING CORPORATION.

FOR THE HONOKONO AND BILANGHAJ

Exchango business transacted.

CHUA KEH HAI,

Manager.

to mean international control and BANK OF CHINA

Bs Buch violates the integrity of China.

territorial

Objection is taken to the pro- posed new treaties for China and Japan and the misinterpretation

of Dr. Sun Yal-sun's plan for international cooperation in the development of China's industrial resources under the control of the Chinese government tu mean that International cooperation should Du sought for in the internal re- construction and the administra tion of China.

Reorganised October 28, 1928, under special clarior of The National Government sa an

INTERNATIONAL EXCHANGE, BANK.

bribed Capita

d-up Caplin)....

Remarve Funds

Y. M. GRAYBURN,

Chief Musagen. Hongkong, 17th February, 1912.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

(Netherlanda Trading Society).

BANKERS

ESTABLIDED 1814.

Hongkong Ofce-il. Queen's Road, Centrall, ' Authorland Capital

825,000,000.00 | Paid-up Capita) 24,710,200.00 Romerre and

8,820,408.23

HEAD OFFICE:—8HANGHAI,

HONGKONG BRANCIL

4. Queen's Road, Central.

and large connections in the important co

Deing to our numeron branches in Chins

mercial esaires of the world, we are able to aland to our clients special fac [30¢ Seg

The local leaders declares that dumte and foreign banking and exchange. We ateo handia the lane of Bonds and the members of the Lytton Com-other Publio Punds of the Chinese Görarn-

SHOP J. GREN,

mission are fully aware of the meat hoth at home and abroad. facts relating to the Japanese in- vasion China, But they are afraid to speak out their minds and advocate a just settlement and have therefore mude

the present suggestions, bearing in mind Japan's interests.

Concluding, the message states

NEDER.

行 銀 西廞港香་ ̈ ̈

THE BANK OF KWANGSI

(Hong Kong Branch).

that it has now been quite evident Authorleed Capital

$10,000,000

that there is no more use in de- Paid-up Capital $8,500,000 pendence on the League or on Head Office: Nanning, Kwangti. treaties. Let the whole nation

Branches. mobilize its own strength and be prepared for sacrifices in the

Branches and Agencies in struggle to uphold China's sover Province and Correspondents all over

of the Kwangri. principal cities eignty and territorial integrity.

MANSLAUGHTER

CORONER'S JURY FIND AGAINST DRIVER

A verdict of manslaughter was returned yesterday by the Coron- er's Jury at the conclusion of the inquent into the death of an amah, Wu Ah Ngo who was killed on September 22 by a motor lorry, driven by Chin Tsze-chong.

C380.

·

the world.

the

... 150,000,000

7. 20.010.000

..... 10,018.069

Head Ove—kmaterčem.*

Fastern Hand Offers-BÅTAVIA.

||DRANGRES-BandJedmasin. Bandung, Bombay, Calcutta, Cherie Djerabrt,

Dok/akarta,* Thế - Hause, Jeddah, Kobe. Maka sar, Medan, Palembang. Pak Jonar, Pepang, Rangooda Rotterdam, Bamarang.” Shan Jaj, Blagspore Boerabutag Boerakaria (Belo), Deral TEN latino and Weltevreden,® *Three otions have exfe deposit boxes to laje Londen Hanken-National Provinelas Bank

Xid Corrorpondents all over the world.

BANKING BUSINESS OF EVERT. DESCRIPTION TRANBAOTED,

Kanego.

A STOXLINE,

Humaking, Bină Juve, 1932

THE YOKOHAMA SPECIE BANE, LIMITED.

Onglia! (fully paid up) ........Y. 100,000.00 Harerve Pend

.Y. 118,455,009

HRAD OFF20W:—YOKOHAMA.

Branches and Agunesca at

Alexande

Hong Kong Branch. Gloucester Building, let Bloor Batavia Des Voeux Road, Central

Bert Banking Bualness of every descrip- Domably don transacted.

Questi Cable and Radio Address No. 2306 Ganten Telephones: Manager 80112, benachrezn Business $0118, Enquiry 80114.

Kobe

Janetre

Beattle

Semaran

Shanghai

ITuolala

Лапкова

Eat Tom

To de

Karachi

San Praschil

*London

Los Angeles

Manda

ĮDairen (Dany) Nagmanki

Antonoseki

Fartin

(Mukden)

Harora Newbwang

Singapore

Bourahayn

Hamburg

Kankaw Harbin

New York Osaka

Bydney

Textata

Tokre Talagtas

PAK TSE KUN,

Manager.

CHANG CHAO TANG,

Sub-Manager (Tinakma

Hongkong, 8th September, 1938.

Park

Peipina

Tacerunt awod on Ourrent Assoumis

· Deßdelle bedelvad for: fixed; període at ráně 10- be, statued an applestin.

་

EL MOEL

Haughey, 12 Beriember, 1821.

THE BANK OF CANTON

LIMITED.

BUTABLISHED 1811.

A jury of three, comprising In it, he denied that the tramcar appeared) was rend to the jury. Meaora. R. A. Ramsay, A. L. Bur-was stationary and alleged that Iton and H. C. Tinson heard the the speed of his lorry was eight

miles an hour. Further evidence was given After the Coroner (Mr. Scho- supporting that given by previous fold) had summed up, the jury re- witnesses that the tramcar was tired and returnod in a few stopped when one of A. S. Watson minutes with a verdict of man- and Company's motor lorries slaughter.

The

Coroner: jdrove past, knocking down a boy

I thoroughlyAvibarbed Ozzita! land killing the amah.

agroo with the verdict. This was Fald-up Onefi a case of very bad driving. I Movers FUN" A statement taken from the propose to issue a warrant for this MANCHMS →→ lorry driver (who has since dis-man's arrest, as soon as possible.

A SMALL CAR IN COST, BUT 'A BIG CAR IN COMFORT. Sole Distributors:~~~- THE ORIENTAL MOTOR

CAR CO.

303-9, Hennessy Road, Hongkong..

Telephone 20405."

Jeugeot

Hoad Office:-Hongkong.

...-$11,900,000

Canton, Bhanghal, Hankow, then foule Bangla New York and den minde

LONDON BRANCHES —–—–

The Lloyd's Bank, Limited. Oogrammicadeite in all principal uitlán off the Purelyn Mushtags sand Banking bucksome ali very descripiles trespected.

Bae Day Dazes (various eiser) až 4 early rental from 5 to $40,

COPES 'LOOK POONG SHAN,

CLIT MASKEA.

M

ASSEUR R. SHIMIDZU. ASSEUSE S. HONDA

ASSEUSE S. KISAKI.

Recommended for many years)- By Government Civil Hospital, Peak Hospital, etc., and by all the scal Doctors.

2. Wrodham Street, Tal. 24945,