1932-11-03 — Page 25

THE HONGKONG TELEGRAPH.

"ANCHOR"

TUL SEM TIMLAND GESP DINKY 25. LIKTER, I

NEW ZEALAND

NEW

ANCHOR

ZEALAND SUPERFINE

DUTTER

QUALITY

BUTTER

"The World's Best"

May now be had from All Compradore Stores.

LANE, CRAWFORD, LTD. (Distributors).

THE

MODERN

SANTA CLAUS

YOUR CHRISTMAS. PRESENTS DELIVERED TO ANY ADDRESS

DUTY PAID

ALL CHARGES SETTLED IN HONGKONG.

For Particulars Apply

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METALS

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

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Telephone 20515.

PISENER BEF

ASAH

ASAHI BEER

Sale Agents

MITSUI BUSSAN KAISHA LTD. HONGKONG

· ZOKYO, JAPAN HEB

ASAHI

LAGER-BEER

SPECIALLY DEGWED

EXPORT

COMPANY

44/ NIPPON BREWERY C

BEST

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Queen's Building.

THURSDAY, NOVEMBER 3, 1932.

THRILLING RESCUE

GERMAN STEAMER PICKS UP JAPANESE CREW. Following closely upon the rescue by the Glen liner Glenshiel of thirty- one members of the crew of a Japan- C30 motor-driven Ashing amack. wrecked by the typhoon off Pratas Islands, comes the additional story of yet another rescue at aca under almost identical circumstanceR.

Behind a brief wireless message, received late yesterday afternoon from Captain G.. Engels, master of the N.D.L. steamer Friderun, los en epic story of the succour of the en- tire crow of another Japanese traw Jer, which, drifting helplessly, was threatened with destruction on thei shoals at Pratas.

Information recolved by Messt. Meichers & Co., the agents in Hang- kong for the N.D.L. Hao, is meagre, but it in gathered that the Japanese vennel set out some timo ago. from Takao, on the southern-most end of Formosa, en a fishing expedition. The hapless ship struck the full force of the typhoon, and, its engines dis- abled, was threatened with destruc tion at any minute.

The Friderun, which is on maiden voyage from Hongkong to New Guinea, left here early on Mon day, Heavy weather was encountered Koon after the ship left port, and the weather showed little signs of abate. ment when dawn broke on Tuesday. Vranel Sighted.

Ita

Soon afterwards the distressed Japanese vessel was sighted, and in answer to signals, the Friderun ven- tured as near as possible to the trawler. When it was seen that the abip would founder within a few hours, arrangements were made for the rescue of the crew of 24 aboard. How the rescue was ultimately effee- ted is not known, but it is presumed that, owing to the roughness of the sen, the only means possible would he for the German ship to be manoeuvred alongside the trawler.

OVER 4,600 SOLID

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[NDUSTRIAL chemiista have brought the

INDUSTRIAL

number of uses for soft woods up to Every use provides a

the total of 4,000.

solid reason for investing in the bonds now 'made available to Hongkong Investors by the N. Z. Perpetual Forests, Ltd.

N. Z. Perpetual Forests, Limited has been proven fundamentally sound—It is the world's largest commercial forestry company and has already issued over 127,500 bonds to 85,000 members of the Investing public.

Operating in the world's finest pine growing arens, the Company has evolved a practical plan of afforestation which promises to

yield handsome returns.

Bonds at £30 each-payable by instalments --yielding approximately £250 in twelve years, are now available.

Write for the prospectus covering the present fasue and learn all about this wonderful Investment opportunity.

N. Z. PERPETUAL FORESTS, LIMITED.

Asia Life Building,

14, Queen's Road Central, Tolophono 27524;

A.P.B. 12.

The whole of the crew were saved, and except that they are suffering from privation and exposure, ore little the worse for their adventure. They will be landed to-day at Manila, or at another part in the Philippines. The Friderun is on its maiden voyage to New Guinea, and, with ing the name of the trawlor. A re- tober 20, and has since been missing. In view of the fact that the vessel the Bremerhaven, is to inaugurate port from Canton states that the Efforts to find the vessel proved uni- discovered by the Friderun

new monthly service between Japanese trawler Nintakl-maru, of availing, and the commander of the stated to have come from Formosa. Rabaul and the Far East.

No information in to hand regard Fishing Company, left there on Oc- tn inntitute a search.

230 tons, and owned by the Horal Japanese warship Saga was requested it is sexrcely probable that the two

trawlors are one and the same.

WHY NOT HAVE THAT

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 $5,000,000 fully paid in cash.

Businesss turnover 1931, $45,532,300 in land and mortgages only, which does not include manage- ment 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 Decembar 31, 1931 shows:

Assets

EXTRA THIRD?

MEANS ONE THIRD MORE

INCOME

CHINA REALTY COMPANY 8% DEBENTURES 8% INTEREST VS 6% INTEREST

The following extracts are taken from the Chairman's statement at the fast annual Shareholders Mooting, 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 werẻ 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."

"If after careful consideration of actual facts and figures you are recieving 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

Amount Commission

Earned

$12,341,726.31

3.351,055.84 1,844,259.11

Year

Amount

1930 10,052,040 1931

19,194,867

Market

% Average Average Value of

Value Interest Commission Property loaned rate

% 318,662,000 54% 9.18% 1.215% 34,075,565 56% 9.33% 0.765%

Interest

over 8%

*118,614

*122,316

255,291 -

146,825

$373,905 $269,141

373,905

Land and Buildings at cost

Cash

Mortgages on Real Estate held by

Company Dec. 31, 1931

$5,971,209

Total Debenture issue Dec. 31, 1931 4,840,700 by which it will be noted that all of the proceeds from Debentures are invested in Mortgages and 31,131,500 of the Company's capital.

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

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

Of the above mortgages, there was assigned to investors:

1930 1931

6,532,660.00 313,223,545.00

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, 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 35,000,000 capital.

was

WHEN AT HOME

The

Hongkong Telegraph.

MAY BE PURCHASED AT

SELFRIDGE'S

LONDON, W.I.

CUT OUT & MAIL TO:DAY

Secretary,

China Realty Company,

70, Szechuen Read, 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

This is No. 47 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 3,000,000.00. FEDERAL INC. V. Š. A.

"THE REAL ESTATE MARKET PLACE OF SHANGHAI –

3 Z E C H U

CH

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