1932-11-17 — Page 5

THE HONGKONG TELEGRAPH. THURSDAY, NOVEMBER 17, 1932.

Remember - - - and profit by these FACTS

NOW

CHINA REALTY COMPANY 8% DEBEN CURES 8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

COMPARISON

Mortgage Department, 1930-1931

Amount Commission Earned $122,316 146,825

Market

Year

Amount

Value of

1930 1931

10,052,040 19,194,867

Property 18.662,000

34,075,565

Value

toaned 54% 9.18% 56% 9.33%

Average Interest

Average Commission

rate

Excess Interest over 8%

1.215% 0.765 %

*118.614

255,291

5373,905

3269,141

373,905

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

)I-ZA

Of the above mortgages, there was assigned to investors:

1930 1931

36.532,660.00 #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 tighten up. As it is we carried 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.

N

A

C

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

"We feel that the Debenture holder from an investment stand- point, is just 35 much an 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 this principle--that recognize even banks will allocate to depositors a part of profits carned 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 speculators, but for investment in first class mortgages, amply secured wat 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 fitures involved shows that every debenture has behind it assets equal to three times its value,"

upon

"If after careful consideration of actual facts, and figures veu are receiving less than 8 per cent.

your investment andør. savings, you are not using jude- ment but following old customs, believing 5 per cent, and 6 per cent. are current rates."

The natural laws of economics require an investor to secure the best return especially upon savings-irust funds-ensistent with safety.

The China Realty Company

is one of the oldest lestab lished more than 20 years) real estate companies 药 Shanghai with a steady, suc- cessful record brak of it. Capital T5,000,000 fully paid in cash.

Business turnover 1921. $45.632,300 in land and mortgartes only which does not include management of estates, rent collections, insur-

ance

written. trustees for 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: Asse's.....T12,341,726.31 Lands & Build-

ings at cost 3,351.055.84 Cash

1.844,259,11

Mortgages on Real Estate he'd by Company Dec:

Toml Debenture

1931

1931

........$5.971.200 Dec. 31,

4.840.70"

by which it will be noted that all of the proceeds from Debentures are invested in Mortgages and $1,131.500 of the Company's capital.

In the past twenty years the Company has negotiated more than one hundred million Tac's in mortgages all of which has been repaid, princi- pal with interest.

1900000000030000-000005.0682e

«The Real Estate Market Place of Shanghai.”

70, SZECHUEN ROAD

REALTY

issue

FRECKLES AND HIS FRIENDS

5002#9##20300007

REALTY

LATEST U.S. FOOTBALL

BIG SCORING IN STATE GAMES

EASTERN FOOTBALL,

November 12.

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

Yale, 17: Princetown, 7. Catholic U.; 0; Providence, 0. Syracuse, 0; Colgate, 10,

N.Y.U., 0; Fordham, 7. Army, 52; North Dakota State, 0. Wesleyan, 20: Bowdoin, 0. Lehigh, 6; Rutgers, 37. Georgetown, 0; West Wesleyan, 14.

Harvard, Holy Cross, 0. Temple, 13; Penn State, 12.

Boston U., 9; Tufts, 9.

Villanova, 12; Datrolt, 28.

Virginia

Amherst, 31; Williams, 7. Pennsylvania, 0; Ohio Stato, 19. West Virginia, 10: Washington and Lec, 0.

Columbia, 6; Brown, 7. Cornell, 21; Darmouth, 6. La Fayette, 61; St. Johns, 9. WESTERN FOOTBALL,

November 12.

Pittsburgh, 0; Nebraska, 0. Xavier, 0; Carnegie Tech., 16. Missouri, U; Kansas, 7. Illinois, 18; Indians, G. Purdue, 19; Iowa, '0.

and

Jefferson,

14:

Washinglun Bucknell, 0.

Oklahoma, 19; Iowa State, 12, Michigan, 12; Chiengo, 0. Notre Dame, 21; Northwestern, 0. Drake, 0; Washington (St. Louis) |

0.

0.

0.

Colorado Mines, 13; Western State,

Colorado Collego, 12; Colorado U., Wisconsin, 20; Minnesota, 13.

SCUTHERN FOOTBALL..

November 12.

Kentucky, 3; Tulang, B.

Vanderbilt, ; Tennesace, 0. Auburn, 21; Florida, 4. Loyola (New Orleans), 20; Og- lethorpe, 0.

31.

Mississippi, 27; Sewanee, G. V.P., ; Virginia, 0. North Carolina State, 6; Duke, 0. Georgia Tech., 6; Alabamın, 0. North Carolina, 12; Davidson, 0. S.M.U., 13; Arkansas, 6.

PACIFIC COAST FOOTBALL,

November 12.

California Aggies, 0; Stanford, 59. Washington, D; Washington Biate, 0. Oregon State, 35; Montana, 6. Utah, 27; Denver U, D. Callfornia, 21; Idaho, 0,

U. S. C., 33; Oregon. 0

EASTERN FOOTBALL,

November 11,

South Dakota State, 12; Duqucene,

Colby, 7; Bates, 0.

Boston College, 20; Western Mary- land, 20.

George Washington. 12; William & Mary, 6.

Marshall, 10; Salem, 14.

WESTERN FOOTBALL,

November 11.

Creighton, 9; Grinnell, 6.

Ripon, 20; Northwestern College, 0.

SOUTHERN FOOTBALL,

November 11..

10

OUR BRITISH CROSSWORDS

Across

1 Supposed to be lucky, but, of

course, it is all rot. 5 Ono

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

8 No cream for this Highlander-

and when the report in return- ed there's nothing included for this soldier.

11 Useful paper for photographera. 18 A sight on a winter night-the consolation of O'Brien, as the schoolboy had it.

15 Recent intelligence alngularly fresh.

that is

16 State setting for a woman hun-

ter,

17 Varieties which a Scot sets in

order.

18 On many feet.

20 A disturbance in the bont by

the river control. 22 Plays.

23 It would be wiser to accept the

evronul.

24 Although it doesn't sound like

it, this tool removes wood.

28 Multiply by eight to get thin.

29 Associated with kicks in one's

mind.

30 Smooth enough, but I'd think it

sullen if I were you.

31 Follow the flower to make

wild.

Down

ft

1 Insects that follow each other

all round the clock. 2 Pure.

3 We stick together, old man:

your hand on it (hidden). 4 Obedient.

This point must be discussed. There's no need to die when you 500 Naples in the gaffer's old Sunday hat.

10

[26

7 An indefinite distance and an indefinite timo in a measura combine.

0 She of the capricious head was

the mother of a Scott pirate. 14 A favourite place in which to

take the air in company.

15 Assocluted with Derby for valu-

able service.

16 He who acts on impulso-It's nothing to you that the impulso is intermittent.

18 It is clear it is many sided. 10 Send about the gifi-It's all

part of the remuneration.

20 Part of the river in which the

boxer, as owner, has vantage.

an nd-

21 There is something sald about.

the noise that indicates there's a number.

26 Do it yourself with a bit of an

effort.

26 Scottish river. 27 A Zulu rising.

Yesterday's Solution.

IMPROVISATION

AFFATRSELANYARD

FULLATINNY BUO FERWEGE CM SE EN CURSTVFESTHRAL

AIRSHIPAMORPHIA TEON YOjog yn o N INCH ODROTE Y LD, 1 OS KEME VE NOWE DEN NAIVETE, SHEBANG HELGTE REBATE LUM PROHIBITIVELY

FELIX HAT SHOP

York Building: Chater Road.

FOR STYLE TRY A

“SUZETTE” FROCK

WITH

“BETH” HAT

ALSO

“NATTIKNIT” JUMPER

SUIT.

Millsaps, 10; Howard, 0.

Catawala, 14; Wofford, 0.

Texas Christian, 14; Texas Marines,

7.

Georgia, 32; Clemson, 18.

FOR

Davis Elkins, 19; St. Thomas, 6. Mississippi State, 6; Southwestern,

10.

Lane, 0; Tennessee State, 0.

Tennessee Wesleyan, 15; Bluefield,

4.

SHANGHAI.

14.

Ulah Aggies, 13; Colorado Aggies,

12.

Alabama Aggies, 7; Morristown, 7.

PACIFIC COAST FOOTBALL.

November 11.

Olymple Club, 13; Nevada, 0. Whitinan, 12; College of Idaho, 0. Arizona, 13; New Mexico, 6.

Arizona Teachers, 15,; Texas Minea,

SAINT

ANDREW'S

BALL

You'll need

SHOES

Maybe, GLOVES

OR

HOSE

West Coast Navy, 80; West Coast Army, 0.

St. Mary's, 14; U.C.L.A., 7.

le That a Dirty Crack?

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COFFEE SETS

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ART & CURIO EXPERTS

York Building.

Chater Road.

H'LLO...USCAR? 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 CANT GET POODLE AWAY

FROM DITMAR

HMPH-OLD MR DITMAR. WON'T BE SO SMART, WHEN HE SEES US WALKIN IN WITH THE

CONSTABLE!!

GEB WHIZ! WHAT'S KEEPIN' OSSIE SO LONG?

HE SAID HED BE HERE AS SOON AS

HE GOT PRESBED......

DID YA THINK 1 MAG NEVER,

COMIN'?

YEAH. HOW LONG DOES IT TAKÉ YOU TO DRESS, ANY HOW?

OH...ABOUT TWENTY MINUTES, I SPOSE

IT ONLY TAKES ME TEN!!

WELL I WASH !!

th

INIP,

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