1932-12-05 — Page 22

!

10

Best Quality! Lowest Price! BUY YOUR

CHRISTMAS & NEW YEAR PRESENTS

Chinese Charm for People at Home

during the

CHRISTMAS SALE

AT

FOOK WENG G CÓ.

THE CHINESE ART SHOP

FOR

Finest Embroidery, Cloisonne, Lacquer, Ivory Ware, Curios and all kinds of Chinoso Novelties.

20, HANKOW ROAD

&

1, PENINSULA HOTEL ARCADE

KOWLOON.

For the Best

LOCAL VIEWS

and

PORTRAIT PHOTOGRAPHS

Go 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

Wild Duck

.1.10

.50

.35

1.20

Teal Duck

Quail Partridge

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

LIPTON'S

CHOICEST PURE CEYLON TEA From all Compradore Stores

KING GEORGE

Cast Par for lun

Agents:-W. R. LOXLEY & CO.

DEBEN TURES

RALTY COMPANY 8% 8% INTEREST VS 6% INTEREST MEANS ONE THIRD MORE INCOME

}

COMPARISON

Mortgage Department, 1930-1931

Amount Commission Earned

Market

%

Year

1930 10,052,040 1931 19,194.867

Amount

Value of

Value

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

loaned

54% 56%

Average Average Interest Commission

rate

% 9.18% 1.215% 9.33% 0.765%

Excess Interest over 80% $118,614

255,291

1373,905

€122,316 146,825

€269,141

373,905

Earned above 8% paid to Debenture holdore 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 our 8% Debentures are secured by first mortgages on 56.4% of value and backed up with $5,000,000 capital.

The following extracti are taken from the Chairman's statement at the last 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 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 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 garned 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 wo 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 caroful 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 S per cent. and 6 per cont. are current rates."

The natural laws of 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, 45,632,300 in land and mortgages only, which does not include management of estates, rent collections, insurance writton, trustees for beneficial owners of property and suridry sources of income.

The Company are Realtors, not speculators in Real Estates. The balance shoot as of December 31, 1931 shown: Assots Lands and Buildings at cost

Cash

Mortgages on Real Estates held by

Company Dec. 31, 1931

Total Debenture Issue Dec. 31, 1931

12,341,726.31 3,351,055.84 1,844,259.11

35.971,200 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 de crease in the number of ontries, in the Now Territories Agricultural Show hold at Shok Wu Hui during the week-end, the quality of the exhibits was better than that of last year.

The purpose of the Show la to promote agriculturo in the New Territories and the officials may well congratulate themselves on the excellent results thy have achloved.

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

The Colonial Secretary and Mrs. Southern 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

Offcor and other members of the committee, and the party then pro- ceeded to the Chinese Theatro where the opening ceremony took place.

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

The Officials.

The Officials were: Patron, His Excellency the Governor, Sir Wil- liam Peel, K.C.M.G., K.B.E,, vice- patrons, Sir Robert Ho Tung, Kt, and Mr. E. H. Williams, District Officer; chairman, Mr. H. R. Wells; vice-chairmen, Mr. Fung Ki-cheuk, and Dr. G. A. C. Herklots: hon. English Secretarios, Messri. C. Tetzel, J. D Bush, Cheung Tsun- hing and Chung Hok-nang; hon. Chinese secretary, Mr. Ng Sing- chl:,

and hon. treasurer, Mr. T. P. Tlax

The judges were:-Dr, G. A. C. Herklots, and Messrs H. B. L. Dow- biggin, F. W. Stapleton, J. J. Whyte, H. Green, Androw Tsc, Leung Tak, K. H. Uttley, J, L. Mc- Pherson, Lain 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 Hck Po, who won no fewer than II Arst 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 "Ellie Garden," the Ping San School and the Pok Oi Hospital.

ex-

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

The special prizewinners were as follow-Potato, Taang Fook; Sha Kot, Chow Yau; Orange, Hong Lak- yken: Mandarin, Tang Ching; Banana, Chok Lam-yuen; Papaya, Leung Chii-yuen; Cotton, Tung Ying Hok Po; Bamboo Sugar cane, Tang Hok-kau; White sugar cane, Hong Lok-yuen; dark sugar cane, Hong Lok-yuen; Bullock, Chow Kar-leo; Caff, Liu Wai-man; Cow, Llu Hing-cheang.

Yesterday the prizes were pro- sented to the successful exhibitors by Mr.. E. H. Williams, District Officer (North), the prizes includ- ing a sliver challenge cup presented by His Excellency the Governor Sir William Peel.

DUBLIN BOYCOTTS BRITISH ALE.

PUBLIC HOUSE OWNERS WARNED BY I. RA.

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 headquarters instructions to notify owners of the premises that they must die- continue the sale of certain Bri- tinh ntes.

The men atated this order was mado in pursuance of the boycott of British goods Inaugurated soon after the British duties on Irish products had boon Institutoi....... Our Own Correspondent..

Cadbury's

DELICIOUS, AND

EVER SO SCRUNCHY CRUNCHY

John DAHUTCHISON & CO

THE

BLUE FUNNE

LINE

REGULAR

AND FAST

FREIGHT AND

PASSENGER SERVICES |

LONDON SERVICE

DEUCALION 7th Doo. For Marraillos, London, Rotterdam

& Hamburg BARPEDON 21st Dec., For Marscillos, London,

Rotterdam & Glasgow LIVERPOOL SERVICE

KREMUN 14th Doo.

For Genon, Liverpool, Havre & Glasgow

NEW YORK SERVICE

MENTOR

1

9th Doo.

For Boston, New York & Baltimore via Philippines & Straits

PACIFIC SERVICE

TANTALUS 17th Dna. For Victoria, Seattle & Vanonaver TYNDAREUS 5th Jan. Por Victoria, Seattle & Vancouver INWARD SERVICE

MENELAUS Due 5th Dec.

PATROULUS Duo 10th Doc.

*

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

Bor Bhanghai, Tsingtao & Diaron

Specially reduced laros are quoted for cargo steamers with

limited passenger accommodation.

For freight, passage rates and information apply to the

under-mentioned. All bookings are subject to the provisions of the Company's

Bill of Lading-

BUTTERFIELD. & SWIRE.

Agente

PRESIDE. N T

Weekly Sailings Transpacific

To San Francisco, Los Angeles & New York via Panama

Fortnightly sailings on Wednesdays.

Pres. Grant Pres. Lincoln Pres. Coolidge

واللين الملتني !

To Seattle and Victoris

Fortnightly sailings on Saturdays, Pres. Taft....... Dec. 10, 7 a.m. Dec. 24

Dec. 7 3 n.m.

Dec. 21

Pres. Jefferson

Jan. 4

Pres. Madison

Jan. 7

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

Fortnightly via Suez to Europe & America

Fortnightly sailings on Saturdaya vin Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genoa, Marseilles, New York & Boston. Pres. Pierce

Dec. 10 Pres. Van Buren

Fren. Monroe........ Dec, 24

Pres. Garfield

TO MANILA

Next Sailing

Pres. Lincoln Pres. Jefferson

THE

.Dec 18 Dec. 17

Jan. 7 Jan. 21

Pres. Pierce Dec, 10.

Pres. Monro .......... Dec. 24 Pres. Coolidge. Dec. 27 CONNECTING WITH 5.5. MAYON TO CEBU, ILOILO,

ZAMBOANGA.

DOLLAR STEAMSHIP LINES AND AMERICAN MAIL LINE

CANTON BRANCH-No. 4 Shakee Street.

SWEDISH EAST ASIATIC

SERVICE OF EAST MOTOR VESSELS (with Idmited, bus sxceptionally good, passenger accommodation), Homewards to: Port Said, Genoa, Marseilles, Algiers, Oran, Rotterdam (Amsterdam), Hamburg, Oslo, Gothenburg and other Scandinavian Ports,

Manila and Straits Settlements,

M.V. "TAMARA” M.V. "PEIPING"

Jutwards to:

Salling about

81st. Doc. 29th Jan,

SHANGHAI, & JAPAN PORTS.

Balling about

·

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

22nd. Dec. 26th Jan:

457.

Hong Kong to Genoa/Marseilles Hong Kong to 1st North Continental Port

GILMAN & CO., LTD.

Hongkong.

G.-L. HUYGING

Clanton.

1