1932-10-17 — Page 21

SPORT ADVTS, TAX ME-

THE HONG KONG JOCKEY CLUB

The TWELFTII EXTRA RACE MEETING will be hold (Weather Fer- mitting) at HAPPY VALLEY on Saturday, 22nd October, 1932, mencing at 2.00 p.m.

com-

TAX MY GOLDFISH

THE

HONGKONG TELEGRAPH. MONDAY, OCTOBER 17.

1932.

BANKS.

BANKS.

(Continued from Page 6.) found on a roof intending to com- mit a felony.

And canaries. The owner of the The First Bell will be Rung at bird to be classed as a landlord

1,30 p.m.

MEMBERS' ENCLOSURE.

and their Ladies must wear Badges prominently displayed.

to pay rates on the cage. There would be a wonderful opportunity

BANKS.

NEDERLANDSCHE HANDEL P. & O BANKING THE HO HONG BANK LTD. THE CHARTERED BANK OF JONGKONG AND SHANGHA

MAATSCHAPPIJ, N.V.

(Netherlands Trading Bociety).

BANKERS.

ESTABLISHED 1874.

Paid-up Capital

Eastern Head Oost-BATAVIA,.

CORPORATION LTD:

(Incorporated In England, 1920),|

Authorised Capital **** Babcribed and raid-up

£8,500,000 8,504,100

(Falablished 1917),

HEAD OFFICE÷SINGAPORE.

Local Branch!-

18. Queen's Road, Central, 180,000 Authorised

Members are notified that they for the man who prepares the Bi Hoogkmz QAre-II, Queen's Road, Contra opera Fund

their for the next meeting of the Legis Authored Captial........... 180,900.00

lative Council to spread himself

***... 10.090.09.

HRAD OFFICE. ***..P. ^89,014,000 117-122, Leadenhall Btreet, London, EO. 1. No One without a Badge will be on this. "Where there are two or Reserve Fund admitted to the Members' Enclosure. more perchen in the one cage, such Badges admitting Non-Members to perch or perches shall counted the Members' Enclosure and Club ne half a cage in such cage or Rooms at 85.00, for Gentlemen and $3.00 for Ladles (Both including Tax) cages. A swing or swings, hang- are obtainable through the SECRET ing or dependant, or AKY upon Introduction by a Member, fixed to the inside of the cago or auch Member to be responsible for enges, for the canary or canaries to swing on, shall be regarded as of All Chits, &c. Payment

Members* 4 perch or perches, except in such Badges admitting Enclosure will NOT be on sale at the cakes... Race Courno.

to

On No Pretext will Children be

WEST END BRANCH. 14-16. Cockapar Street, London. 8.W.I.

BRANCHES-Bombar. Calenita, Calicut, Madimo. Shanghai Bomehow BANGERS:—Bandjadmaila,

Colombo, Dandoebs

Honskood, Bombay,

Charbon Singapore. Calcutta Djember. Diskjakarta.*

Agencies-In all the principal towne of Harte," Jeddah, Kobe, Mak

the world. zar, Medan, Palembang, Pes

Prana, kongnty

Sangoo Reilandera. Bumerang.” Whan hal, Bingepore, Boersbala Boerakarta (Solo), Teal. Th lijep and Waltevreden," *Three fica hava safe depoilt bexas to lay Load Bank--National Provincial Dan Ltd Correspondents all over the world.

BANKING RUSINESS OF EVERY

DESCRIPTION

Then there are tortoises. They permitted in elther Enclosure during should be made to shell out.

the Meeting.

Club Tifins are obtainable at the House provided they are ordered from the No. 1 Boy in advance. Telephone! 21920.

PUBLIC ENCLOSURE.

to the -Admission The Price of Public Enclosure is $2.00 including Tax, for all Persons, including Ladies, and is payable at the Gate.

Soldiers and Sailors in Uniform are admitted Half Price.

Bookmakers, Tic Tac Men, &c. will not be permitted to operate within the Precincts of the Hongkong Jockey Club during the Race Meeting.

By Order,

9. A. SLEAP,

Actg. Secretary.

Hongkong, 17th, October, 1932,

COLONY LAWN TENNIS CHAMPIONSHIPS.

LADIES OPEN "SINGLE & "DOUBLES."

Tho Annual Open Ladies' Singles and Doubles Champion- ships

under conducted

the auspices of the United Services Recreation Club.

due to

commence shortly.

Are

-

Entries elose on 28th 'etoiler, 1932.

The draw will take place on 31st October, 1932, at 6.30 p.m.

Really, the only way to get the thing on a working basis is for His Excellency the 0.A.G. to come and sce us at the Telegraph office (Second Floor -oice hours between 2 and 2.05 p.m.) and let us go into the thing thoroughly.

SUGAR MARKET

THE LATEST CABLED QUOTATIONS

TRANSACTED.

Mannger

▲ STOKKINE

Hongkong, tad June, 1912.

THE YOKOHAMA SPECIE BANK LIMITED.

Capital (tally paid upl ........T. 100,000.00 Reserve Fund

....... 118,489.00+

Alexandria Batavi

NIKAD OFFICE:—YOKOHAMA

Branches and Agereles at

Menolala

Kai Youn Karachi

Planinah Etio de

Janeiro

Robe London

Los Angeles Mana

The following cable at the close of the sugar market on Saturday Berlin has been received by Messrs. Pen-Bombay

reath and Co.

London Terminals. March 1933 6/24% down d. May 1983 6/41⁄2 no change. August 1983 6/7% no change. December 1933 6/10% up il. Buyers at above prices, sollers naking d-d more..

New York Terminals. December 1932 1.10 no change. March 1993 1.03 no change. May 19:33 1.07 no change. July 1933 1.11 no change. September 1933-

Cuban 96-Spo! N.Y. 1.18 no change..

Galcntia

Canlon

Changchun

|Dairen (Dalny) Nagakl

Function

Bagay

(Mukden)

Newchwang

New York

Onka

Paris

Teiping

Flesberg Hankow Harbin

Jongkong

Dan Franci

Brattle

Demarang

Shanghai

Bhimososoki

Singapore Bourabaya

By does

Taniels

Tokre Tingimu

Interoat allowed on Current Accoten La Deposita reseived for fixed verloda at Tale to be obtained on application.

II. NORI,

Manage: Hongkong, 12th Beptember, 1982.

General Exchange and Banking Bolas transacted, Loans and overdrafta granted on |●pproved sucurity. Current and Fixed Deposit

accounts opened.

ACCOUNT Minitoraati

BAVINGS

BANK

allowed at rates which may be obtained on appiloation.

OF CREDIT

TRAVELLENB LETTERS

| and TRAVELLERS' CHEQUES red.

PASSENGERS' LETTERS OF

M

INDIA, AUSTRALIA & CHINA.

Incorporated by Maysi Charter 1lix.

BRAD OFFICE-LONDON.

Peld-up Capfia) ............................... Reserve Fund ......

£$.000,006 8,094.000

| marre Liability of Proprietora .. 8.090,000

AGENCIES AND BRANCHE

4,000,000 BATAVIA

BOMBAY BRANCHES and AGENCIES I CALCUTTA

CANTON the principal cities of the world.

SHANGHA

BANKING CORPORATION.

Authorised Capital

..............$50,000,000 Inamed and fully Pald-as ............................ 26,049,00

Sterling ......... A#,500 MOE Silver

Reserve Liability of Proprietoru ..$58,000,000

HEAD OFFICE=——SONGKONG.

BOARD OF DIRECTORS.

Team B đi 3, Puwton. Chairman,

*

Pearce Esa..

Deputy Chairman.

Hon. Mr. W. H. B«IL J, A. Plummer, D A. 1. Compton, Bea. T. II. A. Shaw, The M. T. Johnavn, Deo. J. P. Warren, Mag

G. Makin, E.

Capital Issued Pald-up

Reserve Liabilition of Shareholders

Straits $20,000,000

SJ

"

8,000,000

4,000,000 ALOR STAR ILOILO

AMRITSAR 1POR ΠΑΝΓΚΟΚ KARACHI

RANGOON SAIGON

BENARANG

KLANG KODE KUALA

LUMPUR

GEREMBAN

XADRAB

SINGAPORE FITIAWAN BOURABAYA TAIPING

MANILA

TIENTRIN

MEDAN

TONGKAH

NEW YORK

PEIFING

(Pekin)

PENANO

THINGTAO YOKOHAMA ZAMBOANGA

ANOY

ANGROT BATAVIA

CEDU COLOMDO

Every description of Banking and CAWNPORE KUCHING Exchange business transacted.

CHUA KEH HAI, DELOI

Manager. BAIPHONG

行銀國中

CHEDIT BANK OF CHINA

1for bee only on board P. à 0. and D.

Home Line ateamers, and al Ports of Call

British Income Tax Becovered.

Precutorships and Trustembipe undertakes.

W. J. WADDINGTON,

Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918,

HEAD OFFICE:

10, Des Voeux Road, Central,

HONGKONG.

Reorganized October 29, 1918, under special charter of The National Government na an

INTERNATIONAL EXCHANGE BANK.

ubscribed Capital

•mid-up Capita Reserve Funda

$25.000.000.00

HAMBURG

HANKOW

HARDIN

HONGKONO

(Bhoket)

V. M. GRAYBURN, Ias. GUIET MANAGER.

Foreign Exchange and General and Danking CALCUTTA

CANTON | business transmeted.

Current Accont opened and Fixed CHEFOO Deposita received for one year or shorter | COLOMBO periods at rules which will be quoia os application.

Ilonko, th Jub, 1012.

A. E. FERGUSON,

Manger.

24,716,200.00

8,870, G65.82

行銀兆熘港香

THE BANK OF KWANGSI.

HEAD OFFICE:-SHANGHAL

HONGKONG DHANED.

4. Queen's Road, Central. Owing to our numerosa branches in China and large ponnections la the important com mercial centre of the world, we are able to fentend to nur ellasta special facilities for domostic and foreign banking and change.

We also handle the leans of Bonde and other Fablie Pands of the Chinese Govern

Capital & Surplus over H$8,000,000 Total Resources over $40,000,000ment hoth at home and shread.

Every description of Banking and Exchange business transact- ed.

Current and Fixed Deposit Ac-j counts in local and foreign cur-i roneles opened for clients.

Savings Account and 3alo De- poslt Boxes.

Chou 1. CHEN.

Manager.

THE BANK OF CANTON. LIMITED.

ESTABLISHED 1912.

P

Head

Office:-Hongkong.

Branches and Agencies all over Authorised Capital the world.

KAN TONG PO,

Chief Manager.

1.J.D. CERTIFICATES.

Of the Soclete Internationale de Placements. Basle. Local Agents Mears. A. Goeke & Co.)

There will be a lantern lecture at Conditions and forms of entry

Samarang (15/10/32).—Believe the Helena May Institute, on Wednes have been circulated to "Clubs" Government will enforce "Single day. Octobre 19, at 6.30 p.m. on "The or may be had on application to Seller" policy from 1st

Dutch East Indies as n Tourist Cen- January

tre. The Lecturer will be Mr. P. J. the undersigned.

entirely controlled from Java.

van Baarda of the Travellers' Oficial Understand 20.000 tons Browns Information Bureny of Netherlands Tennis Secretary, U.S.R.C. 16/19, Av. 17, 98" sold for ship- India. Admission in free to all in-led was £2-16-9d,

Sd.-R. G. LOCHNER,

ment to Russla.

terested.

Saturday's official quotation in Barle, excluding dividends accru-

|Paid-up Capitai

Reserva Fund

BILANCHES (

,813,000,000

8,048.00

1.700.00

Bestos

Canton, Shanaba!, Hankow Danzkok, New York and San Fra elino.

LONDON DHANCHER :—

The Lloyd's Dank, Limited. Correspondente les all principal cities of the

world.

Foreign Buchauge and Banking, bazeinme o very deseripilen transacted.

(Hong Kong Branch),

Authorised Capital Paid-up Capital

AIREN

POOCHOW

HAJPHONG

HAMDURO

HANKOW

ILA PRIN

HONGXEW

ILOILO

1P0H

¡JONONE

$10,000,000 KORK $3,500,000 ROWLDON

Head Office: Nanning, Kwangsi, Branches,

BRANCHES 1 an

LONDON

LYONG MALACCA

MANILA

KUAR (Jabere) MUKDEN

NEW YORK

PEIPING

PENANG

BANGOON

BAIGON

BAN FRANCISCO

SUANGIAJ

BINGAPORE

BOURABAYA

SUNGHI PATAN) TIENTAIN TOXYO TSINGTAO YOKOHAMA

KUALA LUMPUR

Cartest Ansonste apened in Loval Charrenes jand Paed Deposita bucnired for one 2007 a jaborter perioda in Lost) Carrancy and Bierlin jon terme which will be quoted an application

Hongbong, #3, April, 1938.

Branchea

tho and Agencies li

of the Kwangal principal citien Province and Correspondents all over HONGKONG SAVINGS BANE. the world.

The Braineen of the shore lank in conducted 1st floor by the HONGKONG AND SHANGHAI BANK. ING CORPORATION, Halm may be obtalant fon appilation.

Hong Kong Brandit. Gloucester Building, Des Voeux Road, Central

Banking Business of every descrip- tion transacted.

FOR THE HONGKONG AND`SWANGILA)

V. M. GRAYBURN.

Chief MesagIT. Hongkong, ich February, 1982.

Cable and Radio Address No. 2300 BANKING CORPORATION. Telephones: Manager 10112, Business 80113, Enquiry 30114.

PAK THE KUN.

Manager..

CHANG CHAO TANG,

Sub-Manager Hongkong, 8th September. 1982.

M

ASSEUR R. SHIMIDZU ASSEUSE S. HONDA

ASSEUSE S. KISAKI.

Fafa Tingit Bause (various alkoo) nt 'e Government early rental from 5 to 840.

LOOK PONNG BRAN,

Chief MAPAINY.

Recommended for many years by

Civil

Peal Hospital, Hospital, eto, and by all the loca Doctors.

24, Wyndham Street. Tel. 24945.

METALS

of all kinds especially for ship-building & engineering work. Complete stock. immediato Best Terms,

delivery.

SINGON & CO..

HING LUNG ST. Telephone 20515.

Learn These Facts... NOW

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 estate companies in Shanghai with a steady successful record back of it.

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

Business turnover 1931, Tls. 45,632,300 in land and mortgages only, which does not include management of estates, 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 sheet as of December 31, 1931 shows:-

CHINA

REALTY COMPANY

8%

DEBENTURES

8% INTEREST VS .6% INTEREST

MEANS, ONE THIRD MORE INCOME

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 An clalm 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."

COMPARISON

Mortgage Department, 1930-1931

Amount Commission

Earned 3122.316

146,825

1931

Year

Amount

1930 10,052,040 19,194,867

Market Value of Property €18,662,000 34,075,565

% Average Average

Interest Value

Commission loaned rate

% 9.18%

1.215% 54%

9.33% 0.765% 56%

Excess Interest Over 8%

¥118,614

255,291

7373,905

3269,141 373,905

Assets

$12,341,726.31

Land and Buildings at cost

3,351,055.84

Cash

1,844,259,11

Mortgages on Real Estate held by

Company Dec. 31, 1931

$5,971,200

4,840,700

Total Debenture issue

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.

In the past twenty years the Company has negotiat- ed more than one hundred million Taels in mortgages, ALL OF WHICH HAS BEEN REPAID, PRINCI- PAL WITH INTEREST.

If after careful considera-

tion of actual facts and figures you are receiving less than 8% upon your investments and/or Bavings, you are not using Judgment but following old customs, believing 5% and G% are current rates.

Earned above 8% pald to Debenture holdors 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," As it is we earned 1.33% interest in excess of from September, money commenced to tighten up.

From the above it will be seen

8% pald on our Debentures, in addition to 146.825 commissions. 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”

CHINA REALTY COMPANY

70

SZECH

CAPITAL TAELS 5.000.000.00

FEDERAL INC., U. S. A.

•THE REAL ESTATE MARKET PLACE OF SHANGHAI

E. N

HANG HAI