1932-12-05 — Page 10

10

Bost Quality!

Lowest Price!

BUY YOUR

CHRISTMAS & NEW YEAR PRESENTS of Chinese Charm for People at Home

during the

CHRISTMAS SALE

AT

FOOK WENG & CO.

THE CHINESE ART SHOP

FOR

Finest Embroidery, Cloisonne, Lacquer, Ivory Ware, Curios and all kinds

of Chinese Novelties.

20. HANKOW ROAD

&

1, PENINSULA HOTEL ARCADE KOWLOON.

For the Best

LOCAL VIEWS

and

PORTRAIT PHOTOGRAPHS

Co To

MEE CHEUNG

Studio, Ice House St.

Branch, 7. Beaconsfield, Arcade.

CHINA

THE HONGKONG TELEGRAPH:

MONDAY, DECEMBER 5, 1932.

DAIRY FARM NEWS

NEW SEASON GAME.

NOW ON SALE

$1.60 each

1.20

Cock Pheasant

Hen Pheasant

**

Pigeons

.45

+t

Wild Duck

1.10

-17,

Teal Duck

.50

Quail

.35

Partridge

1.20

F

THE DAIRY FARM ICE & COLD STORAGE CO., LTD.

LIPTON'S

CHOICEST PURE CEYLON TEA

From all Compradore Stores

**

KING GEORGE V

Agents:-W. R. LOXLEY & CO.

DEBENTURES

REALTY COMPANY 8% 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

Property

1930 1931

10,052,040 19,194.867

€18,662,000

34,075,565

% Value

loaned 54% 56%

Average Average Interest Commission

rate 9.18% 9.33%

Excess Interest

Over 8%

1.215% 0.765%

3118,614

255,291

$373,905

$269,141

373,905

Earned above 8% paid to Debenture holders— 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; fram 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 scen 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 are taken from the Chairman's statement at the fast annual Shareholder's Meeting, February 29th, 1932.

"We feel that the Debenture holder from an investment standpoint, is just as much an Interested partner of the Company as the Common Sharoholder 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 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 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 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 economies requiro an investor to

secure the best return ospecially 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, 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. The balance sheet as of December 31, 1931 shows: Assets

$12,341,726.31 Lands and Buildings at cost

Cash

Mortgages on Real Estates held by

Company Dec. 31. 1931.

Total Debenture issue Dec. 31, 1931,

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 Taels 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.:

NEW TERRITORY SHOW

ANNUAL EVENT HELD AT SHEK WU HUI'

Although there was a slight do- ercase in the number of entries in the New Territories Agricultural Show held at Shek Wu Hui during the week-end, the quality of the exhibits was better than that of Inat year.

The purpose of the Show is to promote agriculture in the New Territories and the officials may well congratulate themselves on the excellent results thy have achieved.

The Exhibition was officially by the opened on Saturday Colonial Secretary the Hon. Mr. W. T. Southorn, In the presence of a largo gathering. In a speech given at the opening Mr. Southorn eulogised the efforts of the Asso- clation, but deprecated too hasty an appeal to the Government for funds for individual works as they wished to make the New Territor ies self-supporting and to see co- oporative effort encouraged.

The Colonial Secretary and Mrs. Southorn were met at the entrance by Sir Robert and Lady Ho Tung, Mr. H. R. Wells, chairman of the Show committee, and Mr. E. H. Williams, the Northern District Officer and other members of the committee, and the party then pro- ceeded to the Chinese Theatre where the opening eeremony took placo.

Amongst those present were Sir Henry and Lady Pollock, Major C. M. Manners, Dr. and Mrs. G. A. C. Herklots, Mr. and Mrs. Fung Ki-cheuk, Ara. M. K. Lo, Mr. W. Schofield (First Police Magistrate) and Mrs. Scholleld, Messrs. J. D. Bush and C. Tetzel (secretaries). Messrs. Tang Wei-tong, Ng Sing Chi, J. L. McPherson, Chiu Kom-to, H. Green, Lo Yum-shuen, and Tang Yan-shan.

The Oficials.

The Officials were: Patron, Hir Excellency the Governor, Sir Wil tiam Peel, K.C.M.G., K.B.E., vice- patrons, Sir Robert Ho Tang, Kt., and Mr. E. H. Williams, District Officer; chairman, Mr. H. R. Wells; vice-chalrmen, Mr. Fung Ki-cheuk, and Dr. G. A. C. Herklota; hon. C. English Secretaries, Messrs. Tetzel, J. D Bush, Cheung Tsun- hing and Chung fok-nang; hon. Chinese secretary, Mr. Ng Sing- chi:, and hon. treasurer, Mr. T. P. Ting.

The judges were:-Dr. G. A. C. Herklots, and àfessrs H. B, L. Dow- biggin, F. W. Stapleton, J. J. Whyte, H. Green, Andrew Taе, Leung Tak. K. II. Uttley, J. L. Mc- Pherson, Lam Hing Wan, Tang Chuk Pan, H. S. Jones, and E. V. M. R. de Sousa.

The Prize Winners The outstanding feature of the show was the success of the Tung Ying Hok Po, who won no fewer than I first and two seconds in the foreign vegetable section and also carried off eight first and six seconds in the other departments. Among the other successful hibitors were the "Ellis Garden," the Ping San School and the Pok Ol Hospital.

ex-

The poultry section contained a large number of good quality tur- keys and gecse, while the entries in the cattle classes, although small, were in good condition.

The special prizewinners were as follow-Potato, Tsang Fook; Sha Kot, Chow Yau; Orange, Hong Lak- yuen; Mandarin, Tang Ching; Banana, Chok Lan-yuen; Papaya, Loung Chil-yuen; Cotton, Tung Ying Ilok Po; Bamboo Sugar cane, Tang Hok-kau; White sugar cane, Hong Lok-yuen; dark sugar cane, Hong Lok-yuen; Bullock, Chow Kar-lce; Calf, Liu Wal-man; Cow, Liu Iling-cheong.

Yesterday the prizes were pre- sented to the successful exhibitora by Mr. E. II. Williams, District Officer (North), the prizes includ- ing a silver challenge cup presented by His Excellency the Governor Sir William Peel. -

DUBLIN BOYCOTTS BRITISH ALE.

PUBLIC HOUSE OWNERS WARNED BY I, R. A.

Dublin, Nov. 4. Public houses have been visited in all parts of Dublin by youths who said they were members of the I. R. A., under headquartera Instructions to notify owners of the premises that they must die- continue the sale of certain Bṛl- tish ales.

The men stated this order was made in pursuance of the boycott of British goods Inaugurated soon after the British duties on Irish products had been instituted.- Our Own Correspondent...

Cadbury's

DELICIOUS. AND EVER SO SCRUNCHY

John D. HUTCHISON & CO.

THE

BLUE FUNNEL

LINE

REGULAR AND FAST FREIGHT AND ́PASSENGER SERVICES |

LONDON SERVICE

DEUCALION 7th Doo. For Marssillas, London, Rotterdam

& Hamburg JARPEDON Blat Dev., For Marasilia, London,

Rotterdam & Glasgow LIVERPOOL SERVICE

KEEMUN 14th Doo.

For Genoa, Liverpool, Havre & Glasgow

NEW YORK SERVICE

· MENTOR. 9th Doo. For Boston, New York & Baltimore vis Philippines & Straits PACIFIC SERVICE

TANTALUS 17th Doc. For Victoria, Boattlo & VanonOver TYNDAREUS 5th Jan For Victoria, Besttla & Vancouver INWARD SERVICE

Dua 6th Dea MENELAUS

PATROULUS Duo 10th Doc.

For B'bat, Taingtao, Moj i Kobe & Yokohama

Var Bhanghai, Teingtao & Diaron

Specially reduced faron aro quoted for cargo sleamers with

limited passenger accommodation.

the For freight, passage rates and information apply in

under-mentioned.

All bookings are subject to the provisions of the Company's

Bill of Lading.

BUTTERFIELD.& SWIRE..

THE

Agents

PRESIDENT

Weekly Sailings Transpacific

To San Francisco, Los Angeles & New York via Panama

Fortnightly sailings on Wednesdays.

Pres, Grant

Dec. 7 3 nm. Dec. 21 Pres.-Lincoln

Pres. Coolidge

Jan. 4

To Seattle and Victoria

Fortnightly an!lings on Saturdays. Pres. Taft....... Dec. 10, 7 a.m. Pres. Jefferson ........ Doc, 24 Pres. Madison

Jan. 7

KOUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Europe via United States. Direct connections with all Atlantic lines. Choice of rall lines across United States and Canada, liberal stop-over privileges for sight-seeing. Full particulars upon application.

Fortnightly via Suez to Europe & America

Fortnightly sailings on Saturdays via Manila, Straite, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genoa, Marselilce, New York & Reston Pres. Pierce Pres. Monroe ›..

Dec. 10

Dec. 24

Pres. Van Buren.

Pres. Garfield

TO MANILA

Next Sailing

Pres. Lincola Pres. Jefferson

THE

Jan. 7

Jan, 21

Pres. Pierce Dec. 10.

Dec. 13

·Dec. 17

Pres. Monroe Pres. Coolidge

Doc. 24 Doc. 27.

CONNECTING WITH 5.5. MAYON TO CEBU, ILOILO,

ZAMBOANGA.

DOLLAR STEAMSHIP LINES

AND AMERICAN MAIL LINE

CANTON BRANCE No. 4 Shaker Street,

SWEDISH EAST ASIATIC

Co. LTD

SERVICE OF EAST MOTOR VESSELSTM (with Limited, but exceptionally good, passanger accommodation), Comowards to: Port Said, Genoa, Marnellica, Algiers, Oran, Rotterdam (Amsterdam), Hamburg, Oslo, Gothenburg and other Scandinavian Ports,

via

Manila and Straits Settlements.

M.V. "TAMARA" M.V. "PEIPING". Sutwards to:

M.V. "PEIPING” M.V. "FORMOSA” Passenger Rates:

Kenta:

Sailing about

31st Dee. 29th Jan,

́SHANGHAI, & JAPAN PONTS,

Balling abou

22nd Dec. 26th Jan.

267

£82

G. IL. HUYGEN.

Hongkong.

Canton.

Hong Kong to Genos/Marsailles Hong Kong to 1st North Continental Port

GILMAN & CO., LTD.

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