1932-12-19 — Page 12

THE HONGKONG TELEGRAPH. MONDAY; DECEMBER 19. 1932.

Sale

NEW

HATS

ALSO AT

OWING TO THE SPACE BEING URGENTLY NEEDED FOR OTHER COODS--WE ARE COMPELLED

TO CLEAR

EVERY PAIR OF SHOES IN STOCK. We are Closing This Dept. Every Pair British Made!

Every Pair Brand New!

NOT OLD STOCK! CLEARING AT

HALF PRICE

HAND.

BAGS

LESS

HALF PRICE!

LE BEAU

D'ÁGUILAR STREET.

CHINA

REALTY COMPANY

8%

DEBENTURES

INCOME

8% INTEREST VS 6% INTEREST MEANS - ONE THIRD MORE

COMPARISON

Mortgage Department, 1930-1931

20%

Amount Commission Earned 3122,316 146,825

Market

%

Year

Amount

Value of

Value

Property

loaned

1930 1931

10,052,040 19,194.867

18,662,000

34,075,565

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

$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 carned 1.33% interest In excess of from September, money commenced to tighten up.

From the above it will be seen 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 Campany 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 we are not speculators, but for investment in first class mortgages, omply 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 dobenture has behind it assets equal to threo 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 ratea,"

The natural laws of economies require an investor to secure the best roturn especially upon savings— trust funds consistent with safety.

The China Realty Company is one of the oldest lestablish- 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 1931, 45,632,300

and In land 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 on Real Estates held by

Company Dec. 31, 1931

Total Debenture issue Dec. 31, 1931

12,341.726.31

3,351,055.84.

1,844,259.1E

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 ...

ANG

...SHANGHAI

SANTA COMES BY AIR.

SUCCESS OF SINCERE'S

·PUBLICITY STUNT

With the approach of Christmas, the Sincere Company have launch- ed In advertising campaign. Among other things they have en- gaged the services of mix. Martin Cave, the well known baritone, to aing in their music department.

Thoir Intest venturo, and

that will одо

до down In the annals of the firm 16 a rod latter day, was to mako firat of an acroplane, the occasion in Hongkong. Their ven- tura on Saturday Was attønded with success. It took the form of Introducing Santa Claus from the air.

Use

THE.

BLUE FUNNE

LINE

REGULAR AND FAST FREIGHT AND

PASSENGER SERVICES |

Punctually at 2 o'clock a yellow coloured aeroplane with Santa Claus came from the north-east. Circling the Colony, the plano dropped tiny coloured parachutes, each of which contained a credit coupon. The lucky retrievers of thelo coupons presented them at Sincero's yesterday and received| LONDON SERVICE suitable gifia. Among those who Jamas presented coupons were

Thomson, of 245 Prince Edward Road; Deuk Sue-on, of No. 7 Kent Road, Kowloon Tong, and Ng Ping- vip, of No. 8, Pak Ho Street, Shamshuipo. Thoso gentlemon

obtained the prizes offered for the first three coupons presented.

Scene at Aerodrome,

A colourful scene was seen at the Kal Tak aerodrome, when Santa Claus landed. About 400 school boys and girls from Yeuk Chi, Moo Fan and two other schools were lined up, and gave Santa Claus a rousing reception, Santa Claus ad- dressed them through an interpre- tho tor, after which Mr. Curtia, pilot, related the story of their trip from the North Pole. Santa Claus then distributed presents to the children; and a merry time was spent.

A special steam launch conveyed Santa Claus across the harbour to

Stat Doc.,

For Marseille, London,

Hotterdam & illasgow 4th Jan For Maria, London,

Rotterdam & Hamburg

JARVEDON AGAMEMNON LIVERPOOL SERVICE

11th JAR.

For Havre, Liverpool & Glasgow

MACHAON NEW YORK SERVICE

MARON

11th Jan,

For Boston, New York & Baltimore via Philippines & Straitu

TYNDAREUS 6th Jan. For Victoris, Seattla & Vanconver PROTESILAUS 25th Jan, For Victoria, Seattis & Vancouver. INWARD SERVICE

MACHAON MEMNON

PACIFIC SERVICE ·

-Duo 19th Doo. For Shanghai Duo 22nd Dec. For 'hai, Kobe & Yoko. Specially reduced fares 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.

Hongkong, and he landed opposite BUTTERFIELD & SWIRE.

Sincere's about 8.30 p.m. He was received by a large gathering, and then took a motor ride through the Sin- mala streets, returning to core's half an hour later.

Following the arrival of Santa Claus Mr. Ma Man-fai, manager of Sincere Company, Messrs. S. C. Ma, Marseland Ma, Jackson Chun and some other gentlemen took a pleasure ride in the plane.

Among the interesting features this Christmns at Sincere's is the Wonderland on the Roof Garden, where there is a ping pong court, a skating rink, a tricycle stadium a minature golf course and some other games.

The painting contest arranged by Sincere's has met with grati- fying response and over 1,200 en- tries have been received. Awarde will be presented for the ten best paintings in the opinion of Mr. Pau, the well-known local artist. who will be the judge.

CINEMA SCREENINGS

NOTES SUPPLIED BY THE THEATRES

were

The part played by artillery in the World War is depicted vividly in Douglas Fairbanks Jr.'s initial First National starring vehicle, "Chances, which Alun Dwan directed, and which comes to the Queen's Theatre on Wednesday. Although only a small portion of the picture show actual Agating on the front, Folebanks en- ete the role of an officer in the Royal Home Artillery from beginning to end. The screen play is based on A. Hamilton Gibbe' thrilling story of two soldier brothers who love the same girl. "The part played by ar tillery in the war," said Capt. J. S. Scott, technical advisor on the picture, "has never been portrayed on the

Thero

times often n guns were hub to hub over long a of front, laying down a terrific Илев. barrage behind the enemy The belief that artillery was a anfe Job far behled the lines is grossly crroneous. The light artillery was usually but a hundred yards behind the lines and more greatly exposed than the infantry in the trenches. Even the heavy artillery which was farther behind the line, was always the target of enemy artillery. The light artillery would aween the battlo We have one front with shrapnel. acene in 'Chances' where the infantry has retreated behind the gunt, leaving the artillery to defend the front line with ahrapnel. This happened often during the war, when the enemy wero advancing.""

screen.

W

Π

The cast supporting Douglas Fair- banks in "Chances" Includes Rose Hobart, Anthony Bushell, Holmes Herbart. Mary Forbes, Tyrrel Davis. Jeanne Fenwick, Harry Allen Edmond Breon and Edward Morgan.

STUDENTS STRIKE

CLASH WITH SOLDIERS AT TAIYUANFU

Pelping, Dec. 18. Chinese messages from Tal- yuanfu state that the students of all the schools in that city went on A general strike, this morning and held demonstration in front of the Provincial, Government Head- quarters, demanding the dismissal of the Principal of the Provincial First Normal School, where trouble had been going on for some time.

The demonstrators clashed with the soldiers who attempted to dis- perse them. The clash resulted in casualties on both sides.Reuter.

Agente

president liners

al 1.501.000 miles every year

Weekly Sailings Transpacific

TO MANILA

To San Francisco, Los

Angeles & New York

via Panama

To Seattle and Victoria

Fortnightly sailings on Wednesdays. Fortnightly sailings on Saturdays.

Pres. Lincola.... Dec. 21, 3 a.m. Pres. Coolidge Prea, Wilson.

Jan. 4 Jan. 18

Pres. Sefferson Dec. 24, 5 a.m. Fres, Madison............. Jan. 7 Pres. Cloveland ........ Jan. 21

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..... Dec. 24 Pres. Van Buren....... Jan. 7

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Jan. 21 Feb. 4

Next Sailing

Pres. Coolidge Pres. Madison

Dec. 27 Dec. 1

Pres. Mourse Dec. 24. Pres. Von Buren ....... Jan. 7 Prea. Wilson

Jan. 10

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

THE

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LINES

AND AMERICAN MAIL LINE

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vin

Manila and Straits Settlements.

M.V. "TAMARA” M.V. "PEIPING”' Outwards to:

M.V. "PEIPING" M.V. "FORMOSA” Passenger Ratas:

Agents:

Sailing about

20th Jan.

SHANGHAI &. JAPAN PORTS.

Sailing about ...... 23rd Dec. 24th Jan.

£57.

£32

CE. HUYEN

Canton.

Hong Kong to Genoa/Marseilles Hong Kong to 1st North Continental Ports .....

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Hongkong