1932-10-17 — Page 9

THE

HONGKONG TELEGRAPH. MONDAY, OCTOBER 17, 1932.

SPORT ADVTS. TAX ME-

THE HONG KONG JOCKEY CLUB

The TWELFTH EXTRA RACE) MEETING WIll be hold (Weather Per- mitting) at HAPPY VALLEY on Saturday, 22nd October, 1932, mancing at 2.00 p.m.

com-

TAX MY GOLDFISH

[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 Bung at bird to be classed as a landlord to pay rates on the cago. There would be a wonderful opportunity

1.30 p.m.

BANKS.

BANKS.

BANKS.

NEDERLANDSCHE HANDEL P&O BANKING THE HO HONG BANK LTD. THE CHARTERED BANK OF HONGKONG AND SHANGHAI

MAATSCHAPPIJ, N.V.

(Netherlude Trading Society).

SANKERS.

ESTABLISHED 1834.

for the man who prepares the Bill Tongkang Off-il, Qara's Hood, Contra for the next meeting of the Login-Authorised Orpital Intive Council to spread himself Paid Capital

MEMBERS' ENCLOSURE. Members are notified that they thoir and their Ladies must wear Badges prominently displayed.

No One without a Badge will be on this. "Where there are two or Emers Fund admitted to the Members Enclosure, moro perches in the one cage, such Badges admitting Non-Members to perch or perches shall be counted

Enclosure and Club

as half a cago in such cago or tho Members' Rooms at $5.00 for Gentlemen and $3.00 for Ladies (Both including Tax) ages. A awing or swings, hang- are obtainable through the SECRET.ng or dependant, or

........... 150.000.00

CORPORATION LTD

(Incorporated in England, 1920).

|autberland Capital ****** Subscribed and Paid-up

BRAD OFFICE,

..... 80.000.00 4........7. 21,814001 | 117-122. Londenhall Street, London, EC. 1,

Bad Omd.motorlesu.“

Mastern Hot Offer>-BATAVIA,

somehow BRANCHES Ally upon Introduction by a Member, fixed to the inside of the cage or such Member to be responsible for canca, for the canary or canaries to swing on, shall be regarded as Payment of All Chits, &c.

Membaran perch or perches, except in such admitting to Badges Enclosure will NOT be on sale at the cases.. Race Courne.

On No Protext will Children bei permitted in either Enclosure during the Meeting.

Tiina are obtainable at the Club House provided they are ordered from the No. 1 Boy in advance. Telephone 91920.

PUBLIC ENCLOSURE.

to the Admission The Price of Public Enclosure is $2.00 including Tax, for all Persons, Including Ladies,

d in payable at the tinte. Soldiers and Sailors in Uniform are admitted Italf Price.

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

By Order

8. A. SLRAP

Actg. Secretary.

Hongkong, 17th, October, 1822.

COLONY LAWN TENNIS CHAMPIONSHIPS.

LADIES OPEN "SINGLE &

The

"DOUBLES"

Annual

Open Ladies'

Singles and Doubles Champion-

under conducted Ahips auspices of the United

Recreation

Club

Commence shortly.

Then there are tortoises. should be made to shell out.

They

Really, the only way to get the thing on a working basis is for its Excellency the O.A.G. te conv and see us at the Telegraph office (Second Floor

ofice hours between 2 and 2.05 p.m.) and let us go into the thing thoroughly.

SUGAR MARKET

THE LATEST CABLED QUOTATIONS

BRANCHES-Bombay, Bandora Colombr Hoogkang.

ChertherBingapore.

(Established 1917),

HEAD OFFICE--SINGAPORE.

Local Branch:→→→

Capital Insuod Pald-up »

1

INDIA, AUSTRALIA & CHINA.

Incorporated by Barsi Chertor 1881.

HEAD

OFFICE)--LONDON.

Paid-op Capital Reserve Fund ..................... Emerve Liability of Propeletore... ...»

*....2.000,008 9,000.00 1.000,006

AGENCIES AND BRANCHES

RANGOON

SAICON

KKMANAXO

BEREMBAN BHANGHAI

£3.000.000

18. Queen's Road, Central 2,494,100

100,000 Authorised

Straite $20,000,000 8,000,000 4,000,000| ALOR STAR ILOILO

IPO AMRITSAR

КАПАСТ BANGKOK Roserve Liabilities

ILANG DATAVIA 4,000,000 of Shareholders

BOMBAY BRANCHES and AGENCIES' in CALCUTTA

CANTON the principal cities of the world.

CAWNPORE KUCHING Every description of Banking and

CEBU COLOMBO Exchange business transacted.

CHUA KENI HAI, DELNI

Manager. ¡nAIPHONG HAMBURG HANKOW

WEST END ERANCIL" 14-10, Cockapur" Birvet, London, BWJ.

Calcutta Callout, Nadres AgenciIn all the prinsipal towns ef General Exchange and Banking Buales transmeted. Loans and overdrafts granted on approved security, Current and Wland Depoult socotas opened.

(—Baədfodmania,

Dombey,

Disk/akarta.” The Dumber, Hago. Judgan, Kown. Makas |the world. abr, Medan, Palembang, Peka HANEDOS Penang. JOVELF Rotterdam. Bemarang," Shang

Boraba Bingapore, Gorskirta (Bole), Teal T It and Willerrøden.® *Turns allons bare safe depott Bome to San Londen Dankers, National) Prisetel Baniplication.

Ind

Correspondents all over the world,

BANKING BUSINESS OF EVERY DESCRIPTION TRANBAOTED, Manag A. STOKKINE,

Hongkong, Med June, 1972-

THE YOKOHAMA SPECIE BANK LIMITED.

Caplia) (Pally paid up) Reserve Fund ****

+

T. 100,000.00 .T. 128,488.0

IHAD OFFICE:YOKOHAMA.

Branches and Agencia si

Nonelalu Ta! Tow

Ranitoon

Xarah!

Alexandria

Italar

The following cable at the clase of the sugar market on Saturday ne has been received by Messrs. Pen- Bonikly

reath and Ca,

MALA) |

Kobe

Ilo de

Janetro

BAD Pranean Flanttle

Bemarang

Shanghal

shion!

Atnapore

London

Los Angeles Manthe

Taires (Chainz) Nagmuki

(Mecher}

Hurura Nawebwana

Bourabay

HAPOTE

Bank

New York

Bydney

Onaka

Tientsin

Barto

Tukyo Thinstan

London Terminals March 1933 6 211⁄2 down Iąd. May 1983 6.4% no change. August 1933 677% no change. December 1923 6-10%, up d Buyers at above prices, sellers arba jøaking 1⁄4d-lad more..

Services | New York Terminals. Bue are

to

Entries close on 28th October, 1932.

on

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

Conditions and forms of entry

December 1932 1.10 nó change,

March 1933 1.03 no change, May 1933 1.07 no change. July 1933 1.11 no change. September 1933 —

Cuban 96-Spot N.Y. 1.18 no change.

Samarang (15/10/32).—Believe

Şengkons

retring

Interent allowed as Current Accounta Popcalis reestrel for fred perioda at rate

E. MIL to be cheated on application.

MADLEN Hongkong. 12th September, 1952.

There will be a lantern lecture at the Helena May Institute, on Wednes- day, October 19, at 6.30 p.m. on "The have been circulated to "Clubs" Government will enforce "Single Dutch East Indies as a Tourist Cen- January tre The Lecturer will be Mr. P. J. or may be had on application to Seller" policy from lat

Java. van Boarda of the Travellers' Official entirely controlled from the undersigned.

Understand 20,000 tons Browns Information Bureau of Netherlands Sd.-R. G. LOCHNER,

terested, Tennis Secretary, U.S.R.C. 16/19, Av. 17, 98 gold for ship- India. Admission is free to all in-

ment to Russla.

ACCOUNT-Interest SAVINGS BANK allowed at rates which may be stained ou

TRAVELLESIS LETTERS OF CREDIT and. TRAVELLERS' CHEQUES Garsed.

PASSENGERS LETTERS OF CHEDIT BANK

for the only on board 1. à 0, and .. Home Line sinamare, and at Port of Call

British Income Tax Recovered. Executorships and Trusteeshipe (undertaken.

W. J. WADDINGTON,

Manager.

THE BANK OF EAST ASIA, LTD. Established 1918.

HEAD OFFICE: 10, Des Voeux Road, Central,

HONGKONG. Capital & Surplus over H$8,000,000 Total Resources over H$40,000,000

Every description of Banking and Exchange business transact- led.

Current and Fixed Deposit Ac- counts in local and foreign cur- rencies opened for clients.

Savings Account and Safe De- posit Boxca.

OF CHINA

MADRAS

MANILA

SINGAPORE

BANKING CORPORATION.

|Authorizel Ompēta) -****

| Lavoed and fully Paid-ou

Moustva1 Funda pom-

Oberla

silver

£6,510,000 $10.400,000 -

Reveret Ekälity of Proprietors ..835,206,201

READ OFFICE NONGWONG, BOARD OF DIRECTORS.

H. M. J. J. Pasation.

T. E. Pearce Bog+ Deputy - ChadYING.I.

Hon. Mr. W. IL Dell, J. A. Plummer.. Jas

A. H. Comics, Des. T. H. 2. Ehaw, He BQURABAYA 2. T. Jokoorn, Hog J.. F. Warrin, Mes

KOBE KUALA

1.UMPUR

SITIAWAN

TAIPINO

TIENTSIN

TUNGHAR

NEW YORK

FZIPING

(Peking)

MARÐIN

PENANG

Uthnot) TEIHOTAO YOKOHAMA ZAMBOANGA

AMDY

HONGKONG-

ANGKOR

BATAVIA

MEDAN

one year or

G. Makia. kr.

V. M. CHÁYDURM, Das..

Foreign Ezakazie and General and Banking CALCUTTA

CANTON buy trazoszieć.

Current Accente opened And Fised CHEFOO

Parter 0010NDO | Reorganised · October 19, 1928, under special | Deponite received for

On quoted sharter of The National Government as anperiods at rata widich will be

plication.

A. I. QUBAN. INTERNATIONAL EXCHANGE BANK.

MasArts. Hongkong, Bih July, 1932, .

ubscribed Ospital aid-up Capital

Baserre Panda

.$28.000.000.00

24,710,200.00

0.320,566,672

READ OFFICE‹—OMANGITAL.

HONGKONG DRANCI,

4. Queen's Road, Crairal. Owins to our exmerous branches in Chins and large connections in the Important com. mercial centre of the worid, we are able to atend to our clients special facilities for domestic and foreign banking and exchange. We also handle the Serpe of Dope and other Publie Fonds of the Chinow Govern ment both at bone and abroad.

AŇOU J. CHEN,

Manager.

THE BANK OF CANTON. LIMITED.

ESTABLISHED 1912.

Office:-Hongkong.

Hend

Authorised Capital

Reserve Ford

BRANCHES-

Branches and Agencies all over Fald-up Capital the world.

KAN TONG PO,

Chief Manager.

LL.D. CERTIFICATES..

Of the Societe Internationale de Placements, Baale. (Local Agents Messrs. A. Goeke & Co.)

Saturday's official quotation in

ed was £2-16-9d. Bala, excluding dividends accru

$11,000,0

3,660.000

1.100.00

Canter, Shanghai, Hanhow, Bwater Bangkok, New York and San Fras LONDON DRANETES :---

cod.

The Linyds Bank, Limiled. Correspondents in ali principal cities, of the

work.

Foreign Exchange and Banking busine very descriptka jeansuetech

Belo Depot Box (varkens alone) et v early rental from $5 to $40,

LOOK POONG CHAN,

Chief ManWY.

行銷心造港香

THE BANK OF KWANGSI. (Hong Kong" Branch),

Authorised Capital ..... $10,000,000 Paid-up Capital ...... 9,550,000

Head Office: Nanning, Kwangel. Branches.

AIRER.

JUOCADY

|HAIPHONG HANDUNG

HANKOW

HARDIN

HONGKEW

ILOILO

ПРОД

JOHOR

KO

OWLOON

CHREY MANAGER,

BIAN CHEA

KUALA LUMPUR

LONDON

LYONS

MANILA

MUAR (Jakopen )

MOEDEN

NEW YORK

PEPING PETANG BANGOON MAISON

BAN FRANCISCO SHANGHAI SINGAPORE

BOURABAYA

SUNGKI PATAM TIENTBIN

TOKYO

TEINUTAO

YOK GRAMA

Current Amenaria vpcond £a Kaca) Curti and Fixed Deposita punaised for one your Mhorter period in Local Carrybes and Hverting ax terum which will be quoted on appliction the Hongkong, Asril, 198R.

Branches and Agencies in

Kwangsi of the principal cities

Province and Correspondents all over HONGKONG SAVINGS BANK the world.

The wines of the above Bank is condecies floor by the HONGKONG AND BEANTIAL BANK. ING. CORPORATION. Enjos may be obtaland, jen applingborg.

Hong Kong Branch. Gloucester Building let Des Voeux Road, Contral

Banking Business of every descrip- tion transacted.

FOR THE HONGKONG AND BILANGHIAJ BANKING CORPORATION.

Cable and Radio Address No. 2300 30113, Manager Tolephones: Business 80118, Enquiry 80114,

PAK THE KUN,

Manager.

CHANG CHAO TANG,

Sub-Manager Hongkong, 8th September. 1932

M

| ASSEUR R. SHIMIDZU

ASSEUSE S. HONDA ASSEUSE S. KISAKI.

years by Recommended for many Government Civil Hospital, Pes Hoepital, etc., and by all the loca Doctors.

24. Wyndham Street. Tel. 24945.

Y. K. GRAYBURN,

Honghong, Ish Fibrary, 1881.

METALS

of all kinds especially for ship-building & engineering Complete stock. work.

Terms. immediate Best

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 Tls. 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.

CHINA

REALTY COMPANY

8% DEBENTURES

8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

The following extrachu are taken from the Chairman's statement at the last ännual 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 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."

COMPARISON

Mortgage Department, 1930-1931

Amount Commission

Earned $122,316

146,825

Year

Amount

The balance sheet as of December 31, 1931 shows:-

Market Value of Property $18,662,000 10,052,040 1930

34,075.565 1931 19,394,867

% Average-

Interest Value loaned

rate 54% 9.18% 56% 9.33%

Averaga Commission % 1.215%

0.765%

Excess Interest over 8%

118,614 255,291

€373,905

3259,141

Assets

$12,341,726.31

373,905

Land and Buildings at cost

3,351,055.84

Cash

1,844,259.11

Company Dec. 31, 1931

Mortgages on Real Estate held by

$5,971,200

1930 1931

6.532.660.00 13,223,545.00

Total Debenture issue

4,840,700

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

the

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 recolving less than 8% upon yoÛT and/or investmonta savings, you are not using Judgment but following old customs, belleving 5% and 6% are current rates.

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

Of the above mortgages, there was assigned to investors:

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. 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"

CHINA REALTY COMPANY

CAPITAL TAELS 3.000.000.00

FEDERAL

INC., U. S. A.

THE REAL ESTATE MARKET PLACE OF SHANGHAI »

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