1932-12-15 — Page 26

THE HONGKONG TELEGRAPH.

"ANCHOR"

FINEST

ANCHOR

KEW

AND

ZEAL SUPERFINE

QUITER

QUALITY

CHOICEST

NEW ZEALAND BUTTER

THURSDAY, DECEMBER 15, 1932.

"THE WORLDS BEST"

Delivered to any Address in the Colony by

LANE,

CRAWFORD, LTD.

or

From All Compradores.

COMPANY

8% DEBEN CURES 8% INTEREST VS 6% INTEREST

CHINA REALTY

MEANS ONE THIRD

MORE INCOME

COMPARISON

Mortgage Department, 1930-1931

Excess Interest

Amount Commission

Earned 3122,316 146.825

Market

Year

Amount

Value of

Value

Property

10.052.040 1930 1931 19,194.867

$18,662,000

34,075,565

loaned 54% 56%

Average Interest

гате

Average Commission 0%

9.18% 9.33%

1.215%

Over 8% 3118.614

0.765 %

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: As it is we earned 1.33% interest in excess of From the above it will be seen from September, money commenced to tighten up. 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 35,000,000 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 to depositors a part of profits earned on their money over As our balance 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 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 Bebentures 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 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 Shanghal with a steady, successful record back of it.

Capital 5,000,000 fully paid in cash.

Business turnover 193, 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

Lands and Buildings at cost Cash

Mortgages

оп Real Estates held by Company Dec. 31, 1931

Total Debenture issue Dec. 31. 1931

T12,341,726.31 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 milllon Taels in mortgages, all of which has been repaid, principal with intarest.

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 pupular English stars, Henry' Edwards and Chrissie White, openi Ed- to-day at the Queen's Theatre. wards the naval officer who dia- covers and destroys a perfidious plot against Brain is said to prosent una of the US lostinneng and taisn.d

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to a falusi cimax of the picUIN. Mr. Lus.ie sealt, director of mady recent Batish ti sucesses, hundred the megaphone tur "The Call of the La." La supporting cast includes Are Freid and Bernard Nedell,

Woolsey Tops Carcer.

"I was born in Cincinnati, Ohio, und demed mother and dud have never

Woolsey, Whose it," writes Robert first solo-starring comedy," "Every- tn.ngs Reale," comes to ine Queen's Theatre on Sunday. "I soon discovered it myset, he continues, or them was the days before salety pths were perfect.d. There was a kick in every

pin.

THE.

BLUE FUNNE

LINE

REGULAR AND, FAST I

FREIGHT AND

PASSENGER SERVICES |

21st Dec,

For Marsilios, London,

Rosterdum & Ulasgow 4th Jan. For seated, šokasken,

Uuriordem a flamburg

LONDON SERVICE

SÅRVEDON

AGAMEMNON LIVERPOOL SERVICE

MACHAON 11th Jan, NEW YORK SERVICE

MARUN

Ene Havre, Liverpool & Glasgow

ith lun, For Boston, New York & Baltimore via Philippines & Breakto PACIFIC SERVICE

TANTALUS 17th Dea. For Victoria, Seatile & Vancånser 5th Jan. For Victoria, Seattle & Vancouver TYNDAREUS (NWARD SERVICE

MACHAON It was those poled remindera

n

o my existence, perhaps, that inade me su abar. Wisdom i demonstrat- ct at an early age, a very early age. became a juckey. The met horse win was even wiser than 1. Ho was a Kentucky derby winner. He quit fan on me during a jockey.ng. The only thing the beast didn't break was my heart. I then that jab became bellhop, but lost when, after making more money than

race.

MEM VON

Duo 19th Dec. For Shanghai Due 22. Dec. Per

Kits & Yoko. Specially reduced fates are quoted for cargo strames with

laited passes per acomodation.

For freight, parrage rater and information apply to the

under-nettoned.

Ali Lookings are subject to the provisɔns of the Company's

Bill of Lading.

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

joint. Then, I went into stock.

did two hits, and received that much

do it. So I said to the mannger, f 11 tolf Booth could do it, I can. me that the only difference between Bouth and myself was everything, le sad 11

i made him laugh. So I became Character comedian. 1 adopted my characteristic spectueles because ripe tomato juice hurt my eyes, and my cigars because the studio buys them. Then I got married and had to ga to work. I gained my most consistent following by the shortest line I have ever read before an audience-l do She's still with me."

of

"Thunder Below."

зудл

Agenta

| TO CALIFORNIA

EUROPE SUEZ The TO NEW YORK VIAPAKANA CAMERICA SUEZ President TO SEATTLE VICTORIA

STRAITS AND INDIA

INTERPORT Liners INTERPORT

Weekly Sailings Transpacific

TO MANILA

To San Francisco, Los

Angeles & New York

via Panama

the

Prcs. Lincoln

Pres. Coolidge

Stater Senator A United Tallulah Bankhead's first dramatic her Her instructor was teacher. father, Senator William B. Bankhead,

Jessons The

atways Alabama. wera in Shakespearan roles. enacted' in their home, Senator Bonkhead always has been an admirer of famans Bard and to-day is considered one of the nation's most thorough ud nts of Shakespeare. Miss Bank. head's first public appearance was na In successful contraiant in a beauly contest held by a Washington, publica- Lon. The judges made their award irum photographs and Miss Bankhead has the beauty and personality regis fors in that medium. It was inevit nbe that Miss Bankhead should choos the stage as her vacation. She was To literally brought up on drama. act, to impersonate was an inherent quality of her temperament. Her and private school early convent education was followed by a course In a dramatic school and after gradua- tion she immediately sought a job on She is now tu the dramatic stuga, be seen in "Thunder Below" King's Theatre.

"Business and Pleasure."

To Seattle and Victoria

Fortnightly sailings on Wednesdays. Fortnightly sailings on Saturdays.

Iren. Wilson..

Dec, 21, 3 a.m.

Pren. Jefferson

Jan. 4

Prea. Madison

Jan. 18

Pres. 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. 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, Genoa, Marseilles, New York & Bonen Jan. 21 Dec, 24 Pres. Monroe

Feb. 4 Pres. Van Buren....... Jan. 7

Tree, Garfield Pres. Pelk

Pres. Jefferson Dec. 17.

at the

Next Sailing

Pres, Monron Prea. Coolidge

Dec. 24 Dec. 27

Pres. Madison Pres. Von Buren

Will Rogers continues his tional career on the talking screen in adapted "Business and Pleasure,"

The from the best-seller novel, Plutocrat," by Bonth Tarkington, in his latest Fox production, commencing on Sunday next at the King's Theatre. has Rogers, in this newest comedy, the role of Earl Tinker, middle wes

his tern manufacturer, who takes family on a sight-seeing tour to the Mediterranean, and incidentally com- Lines pleasure with a brilliant plece of business. The story, written by Tarkington primarily us a defence of the typical American tourist and as an answer to the satirical attacks on the native son by Sinclair Lewis In his "Main Street and "Babbitt," retains much of its delicious flavour in the screen version. Few changes were mude to give the production dramatic forms as well as to serve as n proper vehicle for the Rogers' brand of humour. Mrs. Tinker, played by Dorothy Peterson, is a nagging wife, Jealous of every move her husband 20. makes. Olivia Tinker, enacted by Peggy Ross, lag young girl of angry with her father for dragging 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.

Dec. 31 Jan.

CONNECTING WITH S.S. 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 Limited, but exceptionally good, passenger accommodation). Homewards to: Port Said, Genoa, Marseilles, Algiers, Oran, Rotterdam (Amsterdam), Hamburg, Oslo, Gothenburg and other Scandinavian Porta, vla

Outwards to:

Manila and Straits, Settlements.

Salling about

31nt Dec. 20th Jan.

M.V. "TAMARA".

M.V. "PEIPING"

SHANGHAI & JAPAN PORTS.

Salling about

M.V. "PEIPING" M.V. "FORMOSA",

23rd Dec. 24th Jan,

£57

Passenger Rates:

In the House of Commons to-day the Colonial Secretary informed 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: Ing with Chinese ports, and was awaiting a reply. Our Own Cor- respondent.

Hong Kong to Genon/Marseilles Hong Kong to 1st North Continental Ports... £62

CILMAN & CO., LTD.

Hongkong.

6. 6 HUYỆN

Canton.