1932-11-17 — Page 17

Remember -

THE HONGKONG TELEGRAPH. THURSDAY, NOVEMBER 17, 1932.

and profit by these FACTS

NOW

CHINA

REALTY COMPANY

8%

DEBENTURES

8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

COMPARISON

Mortgage Departmont, 1930-1931

Amount Commission Earned $122,316 146,825

LATEST U.S. FOOTBALL

BIG SCORING IN STATE GAMES

EASTERN FOOTBALL,

November 12.

Quantico, 7; Philadolphía Legion, 0. Maryland, 7; Navy, 27.

Yale, 17; Princetown,. 7.

Catholfe U., 6; Providence, D.

Syracuse, 0; Colgate, 16.

N.Y.U., 0: Fordham, 7.

Army, 62; North Dakota State, 0. Wesleyan, 20; Bowdoin, 0.

Lehigh, 6; Rutgers, 37. Georgetown. 0; West Wesleyan, 14.

92

Virginia

Harvard, 7; Holy Cross, 0. Temple, 18; Penn State, 12. Boston U., ; Tufts, 9. Villanova, 12; Detroit, 28. Amherst, 31; Williams, 7. Pennsylvania, 0; Ohio State, 19. West Virginia, 19: Washington and Lee, 0.

Columbla, ; Brown, 7. Cornell, 21; Darmouth, 6. La Fayette, 51; St. Johns, 0. WESTERN FOOTBALL, November 12.

7

Market

%

Year

Amount

Value of

Value

Property

loaned

1930 1931

10,052,040

€18,662,000

19,194,867, 34,075,565

54% 56%

Average Interest rate 9,18% 9,33%

Average Commission

% 1.215% 0.765%

Excess Interest over 8% *1:18,614

255.291

$373.905

#269,141

373,905

Earned above 8% paid to Debenture holdors 3643,046

Illinois, 18; Indiana, 0.

Purdue, 18; Iowa, 0.

Washington

and Jefferson,

14:

Bucknell, 0.

Oklahoma, 10; lown State, 12.

Michigan, 12; Chicago, 0,

1930 1931

of

CHINA

Of the above mortgages, there was assigned to investors:

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 cared 1.33% interest in excess of From the abova it will be seen 8% paid on our Debentures, in addition to 3146,825 commissions. that our 8% Debentures are secured by first mortgages on 56.4% of value and backed up with $5,000,000 capital,

H

I

N

A

R

28

an

The following extracts are taken from the Chairman's statement at the last annual Shareholders' Mecting, February 29th, 1932.

"We feel that the Debenture- holder from an investment stand- point. is just

much interested partner of the Com- pany 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 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 interest. As' our balance sheets show quite plainly, the proceeds from the sale of our debentures is not used for the purchase of Real Estate, as we are not spéculators, 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 naalysis to the ligures 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 per cent. upon your investment andlor savings, you are not using judg- ment but following old customs. believing 5 per cent, and 6 per cent, are current rates.'

The natural laws 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 (estab- lished more than 20 years! real

estate

in companies Shanghai with a steady, suc- cessful record back of it. Capital 35,000,000 fully paid in cash.

ance

Business turnover 1921, 345:632,300 in land and mortgages only which does not include management of estates, rent collections, insur-

written,

for trustees beneficial owners of property, and sundry sources of income. The Company are Realtors. not speculators in Real Estates.

The balance sheets as of December 31, 1931 shows: Assets T12,341,726.31

Lands & Build: ings at cost Cash

3.351,055.84 1,844,259.11

Mortgages on Real Estate held by Company Dec. Total Debenture

1931

issue Dec. 31. 1931

15.971.2001

4.840,700 by which it will be noted that alf 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 Taels in mortgages, all of which has been repaid, princi- pal with interest.

"The Real Estate Market Place of Shanghai." -

70. SZECHUEN ROAD

SHANGHAI

FRECKLES AND HIS FRIENDS

REALTY

Fittsburgh, 0; Nebraska, 0. Xavler, 0; Carnegie Tech., 15. Missouri, 0; Kansas, 7.

10

OUR BRITISH CROSSWORDS

Астови

1 Supposed to bo lucky, but, of

course, it is all rot.

6 One can do much with this which would belong to me with- out one.

8 No cream for this Highlander-

and when the report is return od there's nothing Included for this soldier.

11 Useful paper for photographers.

12 A sight on a winter night-the consolation of O'Brien, na the schoolboy had it.

18 Recent intelligence

that

ÍB

singularly fresh.

16 Stato setting for a woman hun-

ter.

Notre Dame, 21; Northwestern, 0.17 Varieties which a Scot sets in Drake. 0; Washington (St. Louis)

Colorado Mines, 13; Western State,

0.

0.

0.

Colorado College, 12; Colorado U.

Wisconsin, 20; Minnesota, 13.

SOUTHERN FOOTBALL.

November 12.

Kentucky, 3; Tulane, 6.

Vanderbilt, O; Tennessee, D. Auburn, 21; Florida, S. Loyola (New Orleans), 20; Og- lethorpe,

34.

0.

Mississippi, 27; Sewance, &. V.P.I., 13; Virginia, 0.

North Carolina State, 6; Duke, U. Georgia Tech., 6: Alabama, 0, North Carolina, 12; Davidson, 0. 9.M.U., 19; Arkansas, 0.

PACIFIC COAST FOOTBALL,

November 12.

California Aggies, 9; Stanford, 59. Washington, 0; Washington State, 0, Oregon State, 35; Montana, 0. Utah, 27; Denver U, 0. California, 21; Idaho, 6. U. S. C., 33; Oregon, 0,

EASTERN FOOTBALL.

November 11.

South Dakota State, 12; Duquesne,

Colby, 7; Bates, 0, Boston Collego, 20; Western Mary- land, 20..

George Washington, 12; William & Mary, 6.

Marshall, 19; Salem, 14,

WESTERN FOOTBALL,

November 11,

Creighton, 9; Grinnell, 6.

Ripon, 20; Northwestern College, D.

SOUTHERN FOOTBALL,

November 11.

Millsaps, 19; Howard, 0. Catawba, 14; Wofford, 0.

order.

† 18 On many feet.

20 A disturbance in the boat by

tho, river control.

22 Plays.

23 it would be wiser to accept the

coconut,

24 Although it doesn't sound like

it, this tool removes wood.

28 Multiply by eight to get this.

20 Associated with kicks in one's

mind.

30 Smooth enough, but I'd think it

#ullen if I were you." 31 Follow the flower to make

wild.

Down

7.An indefinito distance and

indefinite time in a combine.

21

MELEUTO

9 She of the capricious head wan'

the mother of a Scott pirate.

14 A favourite place in which to

take the air in company.

15 Associated with Derby for valu-

ablo service.

16 He who acts on impulsoft's nothing to you that the Impaire is intermittent.

18 It is clear it is many sided, 19 Sond about the gift's

part of the remuneration.

20 Fart of the river in which the boxer, as owner, has an nd. vantage:

21 There is something said about

the noise that indicates there's a number.

25 Do it yourself with a bit of an

effort.

20 Scottish river.

27 A Zulu rising.

Yesterday's Solution,

IMPROVISATION

F AFFAIR B. LANYARD

'it

E

1 Insects that follow each other

all ruund the clock. 2 Pure,

3 We stick together, old mon:

your hand on it (hidden). 4 Obedient.

This point must be discussed. There's no need to die when you Reo Naples in the gaffer's old Sunday hat.

TINNY BUDY ** C* BE O CUR TVE ENTHRALĮ

MT

AIRSHIP MORFHTÄ THORY OYON INOHUOROT YL D.1 0 K ̈ MTM VNWD [B NAIVETE CHEBANO

PROHIBITIVELY

FELIX HAT SHOP

York Building, Chater Road,

FOR STYLE TRY A

“SUZETTE” FROCK

WITH

“BETH" HAT

ALSO

"NATTIKNIT" JUMPER

SUIT.

Texas Christian, 14; Texas Marines,

Georgia, 32; Clemson, 18, Davis Elkins, 19; St. Thomas, 6. Mississippi State, G; Southwestern,

FOR

0.

Lane, 0; Tennessco State, 0.

Tennessee Wesleyan, 16; Bluefield,

0.

SAINT

ANDREW'S

You'll need SHOES

Maybe, GLOVES

Alabama Aggies, 7; Morristown, 7.

PACIFIC COAST FOOTBALL.

November 11.

Olympic Club, 13; Nevada, 0. Whitman, 12; College of Idaho, 0. Arizona, 13; New Mexico, 0.

Arizona Teachers, 15.; Texas Mines,

14.

Utah Aggies, 13; Colorado Aggien,

123

West Coast Navy, 30; West Coast Army, 0.

St. Mary's, 14; U.CL.A., 7.

Is That a Dirty Crack?

BALL

OR

HOSE

Choose Them From GORDON'S, LTD.

Kayamally Building.

By Blosser

TEA SETS

COFFEE SETS

Satzuma and Eggshell China.

Komor's Exclusive Patterns suitable

X'MAS PRESENTS

Safety packed and shipped by Messrs. KOMOR & KOMOR

ART & CURIO EXPERTS. York Building.

Chater Road.

KILLO...OSCAR? MEET ME

DOWN AT THE CORNER IN TEN MINUTES... I WANT YOU TO GO WITH ME OVER TO THE CONSTABLE'S AN' SEE IF HE CAN'T GET POODLE, AWAY.

FROM DITMAR

HMPH-OLD MR DITMAR WON'T BE SO SMART, WHEN HE SEES US

WALKIN IN WITH THE

CONSTABLE!

GEE WHIZ! WHAT'S KEEPIN' OSSI SO LONG?

HE SAID HE'D BE HERE AS SOON AS

HE GOT DIESBED...

DID YA THIR

I WAS NEVER

COMIN'?

YEAH_HOW LONG DOES IT TAKE YOU TO DRESS, ANY HOW?

OH...ABOUT TWENTY MINUTES, I S'POSE

IT ONLY "TAKES ME TEN!!

WELL... I WASH