1932-12-12 — Page 10

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YOUR DANCE

PROGRAMME

for

CHRISTMAS

22953 Got a Date With An

Angel.

Close Your Eyes.

22729 Green Eyes.

Wanna Lot of Love.

22758 Just ano More Chance.

At Your Command.

V45 More Beautiful Tango.

Augustia Tango.

22647. Heavenly Night.

It Looks Like Love.

24064 Goodnight Vienna.

Living in Clover.

22678 Fiesta. Rumba.

Bubbling Over.

22825 So Close.

Goodnight Sweetheart,

On-

VICTOR RECORDS

TSANG FOOK PIANO

COMPANY

8. Des Voeux Road Central. (Entrance Ice House Street). Telephone C24648.

CHINA.

THE HONGKONG TELEGRAPH. MONDAY, DECEMBER 12, 1932.

Happy

X'Mas

REMEMBER-

24TH 26TH

AND

OF DECEMBER.

GLOUCESTER

GALA NIGHTS

BOOK YOUR TABLES NOW

AND ON 31st DECEMBER

Tel. 28409 and 28128.

REALTY COMPANY 8% DEBEN TURES

8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

The following extracts are taken from the Chairman's statement at the last annual Shareholders' 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 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 inforest. 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 investment and or savings, you are not using judgment but following old customs, believing 5 per cont. and 6 per cant, are current rates.”

COMPARISON

Mortgage Department, 1930-1931

Amount Commission Earned $122,316 146,825

Year

1930 1931

Amoun!

Market Value of

10,052,040 19.194.867

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

So- Average Value Interest loaned rato 54% 9.18% 56% 9.33%

Average Commission % 1.215% 0.765%

Excess Interest over 8% $118,614 255,291

$373,905

$269,141

373,905

Earned above 8% paid to Debenturo holdon T643,046

Of the above mortgages, there was assigned to investors:

1930 1931

6,532,660,00 313,223,545.00

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 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 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 (established more than 20 years) real estate com- panies in Shanghai with a steady, successful record back of it.

Capital T5,000,000 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 sheets as of December 31, 1931 shows:

Assets

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 ¥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.

"The Real Estate Market Place of Shanghai." 70, SZECHUEN ROAD

...SHANGHAI.

•HONGKONG MAN WEDS

IN TIENTSIN.

MHL G. E. E. DIVETT MARRIED TO MISS ELLEEN ADAIR

A pretty wedding took place on Saturday afternoon, December 3, at Tientsin. when Miss Eileen Margaret Adair became the, bride of Mr. Geoffrey Edward Rosa Divett. Miss Adair in the youngest daughter of the late Mr. Ninian Adair and Mrs. Adair of Tientsin, and the bridegroom is the son of the Inte Mr. John Ross Divett and Mira. G. O. V. Cuninghame of Southampton, England, and a real- dent of Hongkong.

The 'Rev. Ernest Richards off- clated at the fully choral service conducted in the Union Church, which had been decorated for the occasion by Mrs. A: E. Tipper and Mrs. J. C. Taylor. The bride was given away by Mr. A. E. Tipper. She was attended by four brides- maids, a flower girl and two little pages. The bridesmaids wore the Misses Sybil McClure Anderson, Winulo Tipper, Evelyn Young and Marjorie Gles. The bride's afster, Mrs. ten Bruggon Cate was Matron of honour and her little daughter, Helen, the only flower girl. Masters Michael Briault and Robin Taylor wore the pages. Mr. Divett was attended by Mr. A. L. Hughes as best man, Messrs. Gordon Brown, Archic Douglas, and William Gardener were ushers, Mr. C. W. T. Lewis officiated at the organ.

The bride wore a simple gown of cream coloured satin trimmed at the waist with orange blossom. A long train of the same material gave it a charm and dignity befit- ting the occasion. A flowing veil of tulle was secured with л tiny wrenth of orange blossom and her bouquet of pink and white carna- tions had sprays of heather inter- mingled. She wore 21 rope of pearls which was the gift of her mother.

Reception at Consulate.

After the service a reception was hold in the drawing room of 11.B.M. Consulate General and the young couple received the congratulations of their Tientsin friends.

After cutting the bride cake Mrs. Divett changed into a smart green kasha suit with a cape of the same material trimmed with belge but- tons and worn with a green hat, bag and shoes to match and the young couple had to run the gauntlet of confetti to the waiting enr. The honeymoon is being apent in Peking, Shanghai and Fan- ling, after which Mr. and Mrs. Divett will make their home in Hongkong.

The bride was the recipient of numerous and costly presents. Mrs. Divett is well known in Hongkong, where she has been a popular mem- ber of the younger set during fair- ly long periods of residence in the past four years. '

OBITUARY

DEATH OF A EUROPEAN LADY RESIDENT

We regret to report the death of Mrs. Dorothy Lillian Frost, who passed away in the Victoria Hos- pital suddenly, early yesterday morning. She had given birth to a daughter, and her death came as a sad blow to the husband, Mr. G. B. Frost, of the Sanitary Depart- ment, and other relatives. The de- reused lady was well-known locally, being the second daughter of Mr. and Mrs; A. George, formerly of the Royal Naval Yard. Hongkong, and was popular with a large circle. The greatest sympathy will be felt for those who have been bereaved.

The funeral took place yesterday evening at the Protestant Cemetery, Happy Valley, the Dean, the, Very Rev. Alfred Swann, con- ducting the burial service.

There was a large attendance of friends, in addition to the relatives, and wreaths were sent by "Her Loving Husband", "Mums and Dad" Bruce, Botty and Babs; Maude, Sonny and Rosemary; Alfred Peggio, Winnie and Fred; "Auntie Bessie and Uncle Henry" "All at Home"; Mr. and Mrs. J. H McKey, Mr. and Mrs. McNay, Miss Dorothy Smith, Inspector Barnes. Mr. A. Slater, Mr. and Mrs. Sherriff, Mr. and Mrs. Frith, Sergt. Mr. and Mrs. L. G. Stoles,

Conro Mrs. Marsh, Mr. and Mrs.

Mr.

Old, Mr. and Mrs. Burke, Mr. and Mrs, Fogwill, Mr. G. Miles, Mr. and Mrs. Hudson, Sergt. and Mrs. Farlen, Mr. Warburton, Mr. and Mrs. Blake, Sergt. Alexandra, Sergt. Jackson, Members R.N.Y. Police, Sergt. Gossett, Mr. and Mrs, Fraser, Mak Yin-ning, and others,

Cadbury's

DELICIOUS, AND EVER SO SCRUNCHY

John D. HUTCHISON & CO

THE

BLUE FUNNEL

REGULAR AND FAST

A FREIGHT AND

́PASSENGER SERVICES |

LONDON SERVICE

BARPEDON

AGAMEMNON

Rotterdams & Glasgow

21st Dec., For insilios, London,

For Marsellion, London,

Rotterdam Hamburg

4th Jan.

LIVERPOOL SERVICE

KEEMUN 14th Doc.

For Gonda, Liverpool, HarIO & Gisagow

NEW YORK SERVICE

MARON

11th Jan, For Boston, New York & Baltimora via Philippinos & Straits PACIFIC SERVICE TANTALUS 17th Dec. For Victoria, Seattle & Vancouver TYNDAREUS 5th Jan. For Victoria, Seattle & Vancouver INWARD SERVICE

For Shanghai For 8'hal, Kobe & Yoku. for cargo steamers with

MACHAON Duo 19th Dec. MEMNON Duo 22nd Des. Specially reduced fares are quoted 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.

Agents

Weekly Sailings Transpacific

TO MANILA

To San Francisco, Los Angoles & New York

via Panamá

To Seattle and Victoria

Fortnightly sailings on Wednesdays. Fortnightly sailings on Saturdays.

Pres. Lincoln

Pren. Coolidge Pres. Wilson...

Dec. 21

Pres. Jefferson

Jan. 4

Pres. Madison ..

Jun. 18

Pres. Cleveland.

Doc, 24 Jan. 7

Jan. 21

ROUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Europe vis United States. Direct connections with all Atlantle lines. Choice of rail 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, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genon, Marseilles, Now York & Boston.

Pres. Monene

Pres. Garfield

Jan. 21 Pres. Van Buren .....

Prea. Polk.....

Feb. 4

.... Dec. 24

Jan. 7

Pres. Lincoln Dec. 13.

Next Sailing Pren, Jefferson

Dec. 17

Pres. Coolidge ...... Dec. 27 Pres. Monro

Dec. 24 Pres. Madison

..... Dec. 31 CONNECTING WITH 5.5. MAYON TO CEBU, ILOILO, ZAMBOANGA.

DOLLAR STEAMSHIP LINES AND AMERICAN MAIL LINE

CANTON BRANCH-No. 4 Shakee Street.

LLOYD TRIESTING

FORTNIGHTLY PASSENGERS AND FREIGHT SERVICE FOR

BRINDISI VENICE & TRIESTE ·

vie Singapore, Colombo, Bombay, Adon, Buez, & Port Bald Taking Cargo on through Dills of Lading to Flume, Genoa, All Italian, "Adriatic, Levant, Black Sea and Danube Ports Passengers to LONDON (Overland)

NEXT SAILINGS FROM HONGKONG

For

Shanghal

A Japan

For, Bingapore * Italy

2nd Jan. 11th Jan.

8.8. "FUSIJAMA" (Cargo Vossol) *S.S. "CONTE VERDE" (Pass, Vossal) 1st Jan.

S.S. "MARIN SANUTO"- (Cargo Vessel) 4th Jan. 1st Feb,

• Passenger Boats outward to` Shanghai only. Attention is called to the ns. Conte Rosso and wa. Conte Verde which will do the voyage Hongkong/Venice in 21 days 22 days respectively thus enabling London Passengers to reach theire destination the day after disembarkation at Venice.

Bailing Dates subject to alteration with/out notise, For further particulars plenso apply toj-

Queen's Hallding,

DODWELL & CO., LTD.

Agents.

Tol. C. 18021,

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