1932-12-01 — Page 10

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TOYLAND OPENS!

TOYS AND TOYS

Regardless of age there are playthings here that will amuse and interest all of

all ages, for into our midst

old Santa has come, and

left for your choice the

grandest selection of toys.

Come Bring the Kiddies.

THE HONGKONG TELEGRAPH. THURSDAY, DECEMBER 1, 1932,

POLICEMAN IN DOCK.

SEQUEL TO RAID ON SUSPECTED OPIUM DEN

A-Chineso constablo, P. C. Lau King, was one of two men appear- ing in the dock in Mr. Schofield's Court yesterday afternoon when they were charged with the posaca- sion of contraband oplum.

HOTEL FUNCTIONS.

AUSTRALIAN SISTERS AT THE PENINSULA

The Australian girl artistes, the sisters Lane and Marie Mayo, are delighting audiences nightly at the Peninsula Hotel Rose Room dinner to being dances. In addition talented dancers both possess high- ly phasing singing volces, and their contributions of amusing sketches np. provoke merry laughter and probation.

Lau King is charged with having 12 tacls of opium and with miscon- duct, while Wong Chi, alleged keeper of an oplum divan, is charg ed'in respect of eleven tools.

On Saturday night these mirth- They were represented respec-makers are again giving an entire tively by Mr. F. C. E. Rendall and change of numbers from their ex- Mr. Peter Sin.

tonelve repertoire, which appears to contain an unlimited variety of entertaining features:

casu,

In presenting the Police Dot. Sergt. Macdonald said that on the morning of November 15, Chlof Preventive Officer Buller and a party of Revenue Officers raided 247, Queen's Road Contral. In a cubicle on the second floor they found Wong Chi and, P. C. Lau King and nine other men, all smok- ing opium.

Under the direction of C. P. 9. Buller, a black lacquered box was opened by Wong Chi and nine taela of oplum found inside. Asked whore he got it from, he said: "Oh, I got eleven Laels from the const- able." Therefore, there were two taels missing, and he was told about that. From his pocket he produced a further tael, and from a jacket he brought out the cleventh tool.

Both Wong Chi and the constable were then arrested.

In this case, continued Sgt. Macdonald, there would bo two witnesses who would say that on the previous night Lau King was on that same floor between 11 o'clock and midnight. They sawi him carry a parcel, and one of them would say that the parcel contained tins resembling tins of oplum.

C.P.O. Buller, giving evidence, atated that on being questioned,

Repulse Bay Galp.

gala It is announced that dinner Dance will take place at the Repulse Bay Hotel next Saturday, until 1 a.m., at which function Fred Plorce, the versatile American vaudeville artiste, more intimately an Shanghai's favourite known entertainer, will appear at intervala during the evening. Music will be furnished by the "Lincolns" Dance Band, and altogether the arrange- ments for the occasion promiso a most pleasant evening.

charged, he further stated: "The constable could take possession of the oplum any time he wanted to. I have not paid money for it." The case was adjourned.

Cadburys

TOFFEE

AND NUTS

TWEETERDD FRUT

Wong Chi told him that the oplum John D. HUTCHISON & CO was priced at $1 per tac. When

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CHINA

DEBENTURES

REALTY COMPANY 8% 8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

COMPARISON

Mortgage Department, 1930-1931

Identify the Lifition

the win dat.

Market

0%

Year

Amount

Valuo of

+

Value

1930 1931

10,052,040 19,194,867

Property $18,662,000 34,075,565

loaned

54%

56%

Average Average Interest

rate 9.18% 9.33%

Commission % 1.215% 0.765%

Excess Interest over 8% ·

Amount

Commission

Earned

#118,614

¥122,316

255,291

146,825

#373,905

#269,141

373,905

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Earned above 8% paid to Debenture haldors— 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; from September, money commenced to tighten up. As it is we carned 1.33% interest in excess of 89% 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 following extracts aro taken from the Chairman's statomont at the last annual Shareholder's Mooting, Fobruary 29th, 1932,

"We fool that the Debenture holder from an investment standpoint, is just as much an interested partner of the Company as the Common Shareholder and is entitled to his just roturn on his Investment, and by the figures given on the two years' working, I think we have amply proven that wo were right, that our Debenture holders receive olght par cont. 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 shoots show quito, 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 socured not only by the value of the property pledged as security, but as a further security, the dobentures constitute a first claim on the total assets of the Company. An analysis to the figures involved shows. that every debenture has behind it assats 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 invest- ment and or savings, you are not using Judgment but following old customs, believing 5 per cent. and 6 per cont. are current ratos."

-

Tho Natural laws at 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 (establish- ed 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. Business turnover 1931. 345,632,300 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 Estates. The balance sheet as of December 31, 1931 shows: Assots

Lands and Buildings at cost Cash

Mortgages on Real Estates hold by

Company Dec. 31, 1931

Total Debenture issue Dec. 31, 1931 ..

312,341,726.31

3,351,055.84 1,844,259,11

$5,971,200 4,840,700

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 Teels in mortgages, all of which has been repaid, principal with interest.

CHINA REALTY, CO.

Fed, Inc, U.S.A.........."The Real Estate Market Place of Shanghai."

70, SZECHUEN ROAD

SHANGHAI,

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