1932-12-01 — Page 24

10

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 OPIÙM DEN.

A Chinese constable, P. C. Lau

"HOTEL FUNCTIONS.

AUSTRALIAN SISTERS AT THE PENINSULA

King, was one of two men appear-sistors Lano nud Mario Biaye, are ing in the dock in Mr. Schofield's Court yesterday afternoon when they were charged with the posses sion of contraband optum.

The Australian girl artistes, the delighting audiences nightly at the Península Hotel Rose Room dinner dances. In addition to being talented dancers both possens high- ly phasing singing voices, and their contributions of amusing sketches provoke marry Inughter, and ap

Lau King is charged with having 1 taels of oplum and with miscon duct, while Wong Chi, alleged keeper of an opfum divan, is charg-probation. ed in respect of eleven taels.

They were represented respec tively by Mr. F. C. E. Rondall and Mr. Poter Bin,

In presenting the Police case, Dot. Sergt. Macdonald said that on the morning of November 16, Chlef Preventiva Offcor Buller and a party of Revenue Officorn raided 247, Queen's Road Central. In a cubiclo on the second floor they found Wong Chi and P. C. Lau King and nine other men, all amok- Ing opium.

Under the direction of C. P. O. Buller, a black Incquerod box was opened by Wong Chi and nine tools of opium found inside. Asked where he got it from, he said: "Oh, I got eleven taels from the const abic." Therefore, there were

Two

Laels missing, and he WAS told about that. From his pocket he produced a further tact, and from jacket he brought out the eleventh tnel.

Both Wong Chi and the constable were then arrested.

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

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

On Saturday night theso mirth- makers are again giving an entire change of numbers from their ex- tensive repertoiro, which appears to contain an unlimited variety of entertaining features.

Repulse Bay Gala, It is announced that a gala dinner Dance will take place at the Repulse Bay Hotel next Saturday, until 1 a.m., at which function Frod Pierce, the versatile American vaudeville artiste, more intimately entertainer, will appear at intervals known as Shanghal's favourite during the evening. Music will be furnished by the "Lincolna" Dance Band, and altogether the arrange ments for the occasion promise 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 SWEET

AND NUTS AND FRESH

Wong Chi told him that the opium John D. HUTCHISON & CO

was priced at $1 per tacl. When

CANADIAN CLUB WHISKY

Best For

Cocktails

OBTAINABLE AT

THE FRENCH STORE

99. Queen's Road Central.. Near Central Market.

And at ALL LEADING WINE DEALERS.

ASIATIC TRADERS

Bola Agents, Gloucester Building.

Announce Peugeot Cars are now on show at:

The Oriental Motor Car Co.

Solo Distibuters.

303-9. Hennessy Road, Hongkong. Telephone 20486.

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CHINA REALTY COMPANY.

8% DEBEN SURES

8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

COMPARISON

Mortgage Department, 1930-1931

Market

Average Average

Year

4

Amount

Value of

Value

Property

1930 1931

10.052.040 19.194,867

18,662,000 34,075,565

Interest loaned rate 54% 9.18% 56% 9.33%

Commission

% 1.215% 0.765%

Excess Interest Over 8%

Amount

Commission

Earned

$118,614 255.291

3122,316

146,825

#373,905

3269,141

373,905

phase Comedier coming of

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Lav vað dah Pantale per

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Na By TK, dimser Poland Life Fraue

Skrip

SAFETY SKRIP

"The successor to iak”

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

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 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 dur 8% Debentures are secured by first mortgages on 56.4% of value and backed up with $5.000.000 capital.

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

"Wo feel 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 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 cont."

"The most successful concerns of the future will be those who recognizo.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 sheats 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 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 to the figures involved shows that every debenture has behind It assots 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 cent, are current rates."

.,

The natural laws of economics require an investor to secure the best roturn especially upon savings- trust funds consistent with safety.

The China Realty Company is one of the oldest festablish- ed more than 20 years) real estate companies in Shanghai: with a steady, successful record back of it.

Capital 15,000,000 fully paid in cash. Business turnover 1931, $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 Estates. Tho balance sheet as of December 31, 1931 shows: Assots

Lands and Buildings at cost

Cash

Mortgages on Real Estates held by

Company Dec. 31, 1931

312,341,726,31

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

$5,971,200 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 1,131,500 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 boon repaid, principal with interest,

CHINA REALTY, CO.

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

70. SZECHUEN ROAD

SHANGHAI.