1932-12-12 — Page 22

10

YOUR DANCE

PROGRAMME

for

CHRISTMAS

22953 Got a Date With · An

Angel.

Close Your Eyck.

22729 Groom Eyor.

Wanna Lot of Love.

22758 Just ono Mora Chanco.

At Your Command.

V45 Moro Beautiful Tango.

Augustia Tongo.

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

THE HONGKONG TELEGRAPH. MONDAY, DECEMBER 12, 1932.

HAPPY

X'Ma

REMEMBER-

24TH

AND

26TH

OF DECEMBER.

GLOUCESTER

GALA NIGHTS

BOOK YOUR TABLES NOW

AND ON 31st DECEMBER

Tel. 28409 and 28128.

REALTY COMPANY 8% DEBENTURES 8% INTEREST VS 6% INTEREST

CHINA

MEANS ONE THIRD

MORE INCOME

The following extracts are taken from the Chairman's statement at the last annual Shareholders' Mcoting. 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 depasitors 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 valué."

"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 cent, and G per cent, are current rates.”

COMPARISON

Mortgage Department, 1930-1931

Marke!

9%

Year

Amount

Value of

Value

. Property

1930 1931

10,052,040 19,194.867

$18,662,000

34,075.565

toaned 54% 56%

Average Interest

rate 9.18% 9.33%

Average Commission

% 1.215% 0.765%

Excess Interest over 8%

118,614 255,291

·

*373,905

Amount Commission Earned $122,316 146,825

3269,141

373,90$

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 1991 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 aur 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 35,000,000 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 $5,000,000 fully paid in cash.

Business turnover 1991, T45,632,300, 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

12,341,726,31

3,351,055.84 1,844,259.11

Cash Mortgages on Real Estates held by Company Dec. 31, 1931 .. $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 been repaid, principal with interest.

CHINA REALTY, CO.

"The Real Estate Market Place of Shanghai.”

70, SZECHUEN ROAD

...SHANGHAI.

HONGKONG MAN WEDS

IN TIENTSIN.

MR. G. E. E. DIVETT MARRIED 'TO MISS' ELLEEN ADAIR

A pretty wedding took place on Saturday afternoon, December 3, at Tientsin, when MIRA Eileen Margaret Adair became the brida of Mr. Geoffroy Edward Ross Divott. Miss Adair Is the youngest daughter of the late Mr. Ninian Adair and Mrs. Adair of Tientsin, and the bridegroom is the son of the late Mr. John Roes Divett and Mrs. G. 0. V. Cuninghame of Southampton, England, and a mai- dent of Hongkong.

The Rov. Ernest Richards offi- ciated at the fully choral service conducted in the Union Church, which had been docorated 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 were the Misses Sybil McClure Anderson. Winnie Tipper, Evelyn Young and Marjorie Giles. The bride's sister, Mrs. ten Bruggon Cate was Matron of honour and her little daughter, Helen, the only flower girl. Masters Michael Brinult and Robin Taylor wore the pages. Mr. Divett was attended by Mr. A. L. Hughes as best man. Messrs. Gordon Brown, Archie Douglas, and William Gardener were ushers, Mr. C. W. T. Lewis officiated at the organ.

The bride wore a simple gown of crcom 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 a tiny wreath of orange blossom and hor bouquet of pink and white carna- tions bad sprays of heather inter- mingled. She wore a rope of pearls which was the gift of her mother.

Reception at Consulate.

After the service a reception was held in the drawing room of H.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 beige but- tons and worn with a green hat, bag and shoes to match and the young couple had to run tho gauntlet of confetti to the waiting car. The honeymoon Is being spont in Peking, Shanghai and Fan- ling, after which Mr. and Mrs. Divett will make their homo in Ilongkong.

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 Victorin 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 ather relntives. The de reased lady was well-known locally, heine the second daughter of Mr. and Mrs. A. George, formerly of the Royal Noval Yard, Hongkong, and was nonular 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, Betty and Babs: Maude, Sonny and Rosemary; Alfred; Peggle. Winnio and Fred; "Auntie Beasle and Uncle Henry;" "All at Homo"; Mr. and Mrs. J. L McKoy, Mr. and Mrs. McNay, Miss Dorothy Smith, Inspector Barnes, Mr. A. Slater, Mr. and Mrs. Sherriff, Mr. and Mrs. Frith, Sergt. Conroy, Mr. and Mrs. L. G. Stokes, Mr. and Mrs. Marsh, Mr. and Mrs. Old. Mr. and Mrs. Burke, Mr. and Mrs. Fogwill, Mr. G. Mites, Mr. and Mrs. Hudson, Sergt. and Mrs. Farlen, Mr. Warburton, Mr, and Mrs. Blake, Seret Alexandra, Sergt. Jackson, Mambera 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 FREIGHT AND

SERVICES

PASSENGER

For Marseilles, London,

Rotterdam & Glangow For Marsailles, London,

Rotterdam & Hamburg

LONDON SERVICE

SARPEDON 21st Dec.,

AGAMEMNON · 4th Jan

LIVERPOOL SERVICE

KEBMUN

14th Dog.

For Genoa, Liverpool, Havre & Glasgow

NEW YORK SERVICE

MARON

18th Jan. For Boston, New York & Baltimore la Philippines & Biraile PACIFIC SERVICE TANTALUS 17th Dec. For Victoria, Beattie & Vanongver TYNDAREUS 5th Jan. For Victoria, Heattle & Vancouver INWARD SERVICE

MACHAON

MEMNON

Due 19th Dec. For Shanghai Due 22nd Dec. For d'hai, Kobe & Yoko,

Specially reduced farsa are quoted for cargo steamers with

limited passenger accommodation.

For freight, paninge rates sud information apply to the

under mentione:),

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

Angeles & New York

via Panama

To Seattle and Victoria

Fortnightly sailings on Wednesdays Fortnightly sallings on Saturdays.

Pres. Lincoln

Pres. Coolidge Pres, Wilson

Dec, 21

Pren. Jefferson

Jan. 4

Pres. Madison

Jan. 18

Pros. Cleveland

Dec. 24

Jan. 7

Jan. 21

ROUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Europe via United States. Direct connections with all Atlantic lines. Cholco of rail lines across United States and Canada, llberal stop-over privileges for gight-seeing. Full particulars upon application,

Fortnightly via Suez to Europe & America Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandrin, Naples, Génon, Marseilles, New York & Boston. Pres, Monroe

Pres. Van Buren

Next Sailing

Pres. Jefferson Pres. Monroe

Dec. 24 Jan. 7

Pres. Garfield

Pres. Polk

Jan. 22 Feb. 4

Pres. Lincoln Dec. 13.

.. Dec. 17 Dec. 24

Pres. Coolidgo Pres. Madison

Dec, 27 ..... Dec. 31

CONNECTING WITH S.S. MAYON TO CEBU, ILOILO,

ZAMBOANGA.

DOLLAR STEAMSHIP LINES AND AMERICAN MAIL LINE

CANTON BRANCH-No. 4 Shakee Street,

TIIN

LLOYD TRIESTINO

FORTNIGHTLY PASSENGERS AND FREIGHT SERVICE FOR

BRINDISI VENICE & TRIESTE

via Singapore, Colombo, Dombay, Aden, Suez, & Port Said Taking Cargo on through Bills of Lading to Flume, Genoa, All Italian, Adriatic, Levant, Black Sen and Danube Ports Passengers to LONDON (Overfand)

NEXT SAILINGS from HONGKONG

For

Shanghal

& Japan

S.S. "FUSIJAMA" (Cargo Vessol) *S.S. "CONTE VERDE" (Pass, Vosael) 1st Jan.

· S.S. "MARIN SANUTO" (Cargo. Vessel) 4th ́ Jan.

For Singapore

& Italy 2nd Jan 11th Jan. 1st Feb,

* Passenger Boats outward to Shanghal only.

Attention le called to the ss. Conta Bonio and 8.8. Conte Verde which will do the voyago Hongkong/Venice in 21 days 22 days respectively thus enabling London Passengers to reach theirr destination the day after disembarkation at Venico,

Bailing Dates subject to alteration with/out notice. For further particulare please apply to

Queen's Building,

DODWELL & CO., LTD.,

Tol. 0, 38021,

Agents.