1932-12-15 — Page 12

12

THE HONGKONG TELEGRAPH.

"ANCHOR"

FINEST

NEW

ANCHOR

ZEALAND

SUPERFINE

BUTTER

QUALITY

THURSDAY, DECEMBER 15, 1932,

CHOICEST

NEW ZEALAND BUTTER

"THE WORLDS BEST"

Delivered to any Address in the Colony by

LANE, CRAWFORD, LTD.

or

From All Compradores,

CHINA

8%

DEBEN FURES

INCOME

REALTY COMPANY 8% INTEREST VS 6% INTEREST MEANS ONE THIRD MORE

COMPARISON

Mortgage Department, 1930-1931

Market

Year

Amount

Value of

Property

1930

10.052,040 1931 19,194.867

18,662,000

34,075,565

''% Value

loaned 54% 56%

Average Average

Commission interest

% rate

1.215% .9.18%

0.765% 9.33%

Excess Interest

over 8%

3118,614

255,291

373,905

Amount Commission Earned $122,316 146,825

3269.141

373,905

Earned above 8% palù to Dubentura holdors~ 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; From the above it will be seen 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. 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 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 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 As our balance to depositors a part of profits earned on their money over and above current rates of interest. 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 cont, are current rates."

·

The natural laws of economics require an investor to secure the best return especially upon saving ---- 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:

$12,341,726.31 Assets

3.351,055.84 1,844,259.11

Lands and Buildings at cost

Cash

Mortgages on Real Estates held by

Company Dec. 31, 1931

Total Debenture issue Dec. 31, 1931.

$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.” Fed, Inc., U.S.A. 70, SZECHUEN ROAD

...SHANGHAI.

CINEMA SCREENINGS

NOTES SUPPLIED BY THE THEATRES

"The Call of the Sea." co-featuring those popular English stars, Henry Edwards and Chrissie White, opens to lay at the Queen's Theatre, Ed. wards as the naval officer who dir- covers and destroys a perfidious proc against Britain is said to present ond of the most luscinating and moaned enaracterizationa

De

n.s UL career; was BIBS VAL. We LUB to give but a memoradia and excenent- POTREBY 48 149 1

britny, ins Iat "The GRIT OF Wu Dea.”

uf tna miveNCUEN sary concerns Leutenant Dickie Goou, who, whos v.sking a ferater sweetheart, now 01 inscried to the deputy-governor And, la cuaYucca was ano 15 being 11-eated by nue nusvand und also that the alter a engage in somo turns mysterious occupation que to be the operation of platinum tune worked by kidnapped UVILLA Valcers. how the neutenant

A BECKEL

the clutches of the auputy-governor, yet armed with this inengence, geta in touch with the dutcharities, ienus up Lo Las aramate clunax of the picture. Bir. Lease Fuscout, mrector of many recent kuitian rum successes, handied the megaphone for The Call of the Sea." e supporting coat includes Alec Field and Bernard Nedell.

it

Woolsey Tops Carcer..

"I was born in Cincinnati, Ohio, and denied mother and dad have never

Woolsey, Whoso it," writes Robert first solo-starring comely, "Every- Lungs Rosie," comes to the Queen's Theatre on Sunday. "1 Roon discovered ingest," he continues, "for them was the days "efore safety pins were perfected. There was a kick in every pin. It was those pointed reminders of my existence, perhaps, that made me so sharp. Wisdom 1 demonstrat- ed at an early age, a very curly age. I became a jockey. Then I met horse who was even wiser than I. I

He was a Kentucky derby winner.

quit race, 1 fell on ise during a jockeying. The only thing the benal didn't break was my heart. I then became bellhop, but lost that job when, after making more money than

THE

BLUE FUNNE

LINE

REGULAR AND FAST PASSENGER SERVICES

FREICHT AND

LONDON SERVICE

HARPEDON AGAMEMNON

31at Deu,

4th Jan.

For Marasillos, London,

For Marandios, Luadon,

Rotterdam & Hamburg

Bolterdam & Ginagow

LIVERPOOL SERVICE

MACHAON

11th Jan. For Havre, Liverpool & Glasgow NEW YORK SERVICE

MARUN

11th Jan. For Boston, New York & Baltimor

vis Philippines & Straits

PACIFIC SERVICE

17th Dec. For Victoria, Seattle & Vancouver TANTALUS

Eth Jan, For Victoria, Seattle & Vancouver TYNDAREUS NWARD SERVICE

MACHAUN

MEMNON

Specially reduced fares are

One 19th Dec. For Shanghai

For 'hai, Kaba & Yako, Due 22nd Deo.

quoted for cargo steamers with limited passenger accommodation. For frakt, pursage rates and Information apply to the

ander-mentioned."

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

Bill of Lading.

the hotel owner, I refused to buy the BUTTERFIELD & SWIRE.

Joint. Then, I went into stock.

841

did two hits, and received that much for it. So I zaid to the maneger, if Booth could do it, 1 can. lle totd me that the only difference between Booth and

myself wna everything. He 1 made him laugh. So I became a character comedian, I adopted my characteristic spectacles because ripe tomato juice hurt my eyes, and my cigure because the studio buys them. Then I got married and had to go to: work. gained my most consistent following by the shortest line I have ever read before an audience-I do." She'n still with me,"

"Thunder Below."

Senator IVES A United States Tallulah Bankhead's first dramatic her ller instructor was teacher. father, Senator William I. Bankhead, of Alabama. The lessons always were in Shakespearan roles, enacted in their home. Senator Bankhead the always has been an admirer of famous Bard and to-day is considered one of the nation's most thorough students of Shakespeare. Miss Bank. head's first public appearance was as successful contestant in a beauty test beld by a Washington, publica. tion. The judges made their award Fram photographs and Miss Bankhead has the beauty and personality regis- ters in that medium. It was inevit able that Miss Bankhead should choose the stage as her vocation. She was literally brought up on dramu. act, to impersonato was an inherent temperament. Her quality of her

school and private early convent

Course education was followed by a

То

in a dramatic school and after gradua tion she immediately sought a job on She is now to the dramatic stage. be seen in "Thunder Below" King's Theatre.

"Business and Plcanure."

EUROPE SUEZ

Agents

The

AMERICA SUEZ President

9.TRAITS AND INDIA

TO CALIFORNIA TO NEW YORK VIA PANIKA

TO SEATTLE & VICTORIA

INTERPORT Liners INTERPORT

Weekly Sailings Transpacific

TO MANILA

To San Francisco, Loś

Angeles & New York

via Panama

Pres. Lincoln...

Pres. Coolidge

To Seattle and Victoria

Fortnightly sailings on Wednesdays. Fortnightly sailings on Saturdays.

Pres. Wilson ......

Dec. 21, 3 n.m.

Pres. Jefferson

Jan.

4

Pres. Madison

Jan. 18

Pres. Cleveland

Dec. 24

Jan. 7

Jan. 21

ROUND. TRIP FARES TO EUROPE & AMERICA. Special through rates to Europa via United States. Direct connections with all Atlantic lines. Choice of rail lines across United States and Canada, liberal stop-over privileges for aight-seeing. Full particulars upon application. Fortnightly via Suez to Europe & America. Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Sacz Canal, Alexandria, Naples, Genoa, Marseilles, New York & Boston. Pres. MonroG Pres. Van Buren

.... Dec. 24 Jan. 7

at tho

Next Sailing

Dec. 24 Dec. 27

echsa.

Will Rogers continues his tional career on the talking screen in adapted "Business and Pleasure," from the best-seller novel, "The Plutocrat," by Booth Tarkington, in his latest Fox productión, commencing on Sunday next at the King's Theatre. Rogers, in this newest comedy, has the role of Earl Tinker, middle wes- takes his tern manufacturer, who family on a sight-seeing tour to the Mediterranean, and incidentally com- bines pleasure with a brilliant plecu of business. The story, written by Tarkington primarily as a defence of the typical American tourist and as an answer to the satirical attacks on the native son by Sinclair Lewis in

Street,' his "Main

and "Babbitt," retains much of its delicious flavour! in the screen version. Few changes were made to give the production dramatic forms as well as to serve as # proper vehicio for the Rogers' brand of humour. Mrs. Tinker, played by Dorothy Peterson, is a nogging wife, jealous of every move her husband makes Olivia Tinker, enacted by 20. Peggy Ross, is a young girl of angry with her father for drogging her away from her sweetheart, and determined to punish him for inter- fering in her affairs.

H.K. SMUGGLING

OUR CO-OPERATION WITH

· CHINESE CUSTOMS

London, Dec. 14,

Pres. Garfield Pro. Polk

Jan. 21. Feb. 4

Pres. Jefferson Dec. 17.

Pres. Madison ..... ... Dec. $1 .... Jan. 7

Pres. Van Baren

Fres. Monroe Pres. Coolidge

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

ZAMBOANGA.

DOLLAR STEAMSHIP LINES

AND AMERICAN MAIL LINE ·

CANTON BRANCH-No. 4 Shakes Street.

SWEDISH EAST ASIATIC

GO. LTD

SERVICE OF EAST MOTOR VESSELS (with Limited, but exceptionally good, passenger accommodation), Homewards to: Port Said, Gonoa, Marseilles, Algiers, Oran, Rotterdam (Amsterdam). Hamburg, Oslo, Gothenburg and her Scandinavian Ports.

Outwards 'to:

via

Manila and Straits Settlements.

Salking about

M.V. "TAMARA”

M.V, "PEIPING"

Bist Dec. 29th Jan.

SHANGHAI & JAPAN PORTS.

M.V. "PEIPING"

:

M.V. "FORMOSA"

Sailing about 23rd Doc. 21th Jan.

£57-

Passenger Raten:

In the House of Commons to-day informed the Colonial Secretary Mr. Nunn that he had communica- ted with the Hongkong authorities on the subject of co-operation with the Chinese Customs in preventing smuggling on British ships trad- Agents: law with Chinese parts, and was awaiting a reply.-Our Own Cor- respondent.

Hong Kong to Genoa/Marseilles

Hong Kong to lat North Continental Ports .... £02

CILMAN & CO., LTD.

Hongkong

lên E HUYỆN

Canton,