1932-12-19 — Page 26

12

THE HONGKONG TELEGRAPH. MONDAY, DECEMBER 19, 1932.

Sale

OWING TO THE SPACE BEING URGENTLY NEEDED FOR OTHER GOODS-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

HAND.

NEW HATS

ALSO,

AT

HALF PRICE

BAGS

LESS

HALF PRICE'

LE BEAU

20%

CHINA

D'AGUILAR STREET.

REALTY COMPANY B% DEBEN (URES 8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

COMPARISON

Mortgage Department, 1930-1931 :

Amount Commission Earned $122,316 146,825

Market

Yoar

Amount

1930 10.052,040 1931 19,194.867

Value of

Property 518,662,000 34,075,565

% Averago Average Value Interest Commission

loaned rate

% 9.18% 1.215% 54% 56% 9.33% 0,765%

Excess

Interest

over 8%

3118,614

255,291

€373,905

$269.141 373,905

Earned above 8% paid to Dobanture holdon- 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 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. 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 following oxtracts 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 and above' current rates of interest. As our balance sheats 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 plodged 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 valuo."'

"If, after careful consideration of actual facts and figures you are recalving less than 8 per cent. upon your invest- mont 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 Shanghai with a steady, successful record back of it.

Capital $5,000,000 fully paid in cash. Business turnover 1931, 345,632,300 in land and mortgages only, which does not include management of ostates, 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: Assats

$12,341,726.31 Lands and Buildings at cost

3,351,055.84 1.844.259.11

Cash

Mortgages on Real Estates held by

Company Dec. 31, 1931....... Total Debenture issue Dec. 31, 1931 ..

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

...SHANGHAI,

SANTA COMES BY AIR

SUCCESS OF SINCERE'S PUBLICITY STUNT

With the approach of Christmas, the Sincere Company have launch- ed дл advertising campaign. Among other things they have on- gaged the services of Mr. Martin Cave, the well known baritone, to sing la thoir music dopartment,

Their latest venture, and one that will Ko down in the onpola of the firm

08

a red latter day, was to make use of an aeroplane, the first occasion in Hongkong. Their van- ture on Saturday WAB attended with succoss. It took the form of introducing Santa Claus from the Bir.

THE.

BLUE FUNNEL

LINE

REGULAR AND FAST

FREIGHT AND

PASSENGER SERVICES

LONDON SERVICE JARPEDON ❤gial Dec..

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, cach of which contained a credit coupon. The lucky retrievers of these coupons presented them at Sincere's yesterday and recolved suitable gifts. Among those who presented coupons were Jamos Thomson, of 246 Prince Edward Road; Deuk Sue-op, of No, 7 Kont Road, Kowicon Tong, and Ng Ping- yip, of No. 8. Pak He Street, LIVERPOOL SERVICE Shamshulpo. These gentlemen MACILAON 11th Jan. For Hivre, Liverpool & Glasgow obtained the prizes offered for the first three coupons presented.

NEW YORK SERVICE Scene at Aerodrome.

MABON

AGAMEMNON 4th Jan.

For Marseille, London,

Rotterdam & Glasgow For Marastilon, London,

Hotterdam & Hamburg

11th Jan. For Boston, New York & Baltimoro vis Philippine & Biralta

TYNDAREUS 5th Jan For Victorin, Bostile & Vancouver PROTESILAUS 25th Jan.

For Victoria, Seattle & Vancouver INWARD SERVICE

MACHAON MEMNON

A colourful scene was seen at the Kai Tak aerodrome, when Santa | PACIFIC SERVICE Class 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- ter, after which Mr. Curtle, the 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

Hongkong, and he landed opposito

Sincero's about 9.30 p.m. He was received by a largo gathering, and then took a motor ride through the main streets, returning to Sin- cerc's half an hour later.

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

Among the interesting features this Christmas at Sincern'a 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. Awards 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

The part played by artillery in the World War is depleted vividly In Douglas Fairbanks Jr.'s inlcial First National starring vehicle, “Chances," which Alan Dwan directal, and which comes to the Queen Theatre on Wednesday. Although only a small portion of the picture shows actual gating on the front, Fairbanka en- cets the role of an officer in the Royal Home Artillery from begiuning to end. The screen play is based on A. Hamilton Gibba 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 advirar on the picture, "has never been portrayed on the Berean. Thero were

often tirara

when guns were hub to hub over long miles of front, laying down a terrife barrage behind the enemy lines. The belief that artillery was a safe Job far behind the lines is grossly erroneous, The light artillery was usually but a hundred yarda behind the lines and more greatly exposed than the infantry in the trenches. Even the heavy artillery which was farther behind the lino, was always the target of enemy artillery. The light artillery would sweep the battle front with shrapnel, We have one scene in 'Chances where the infantry has retreated behind the guns, leaving the artillery to defend the front line with shrapnek This happened often during the war, when the enemy were advancing."

The cast supporting Douglas Fair- banka in "Chances” ́ includon Rose Hobart, Anthony Bushell, Holmes Herbert. 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 elty went on a general strike this morning and hold a demonstration in front of the Provincial Government Head- quarters, demanding the dismissal of the Principal of the Provincial Firat Normal School, where trouble had been going on for some time.

The demonstrators clashed with the soldiers who attempted to dis parse them. The clash resulted in casualtion on both sides. Reuter.

· ·

Duo 10th Dec. For Bhanghai Due 2nd 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 this Company's

Bill of Lading,

BUTTERFIELD & SWIRE,

Agents

president liners

vail 1.591,000 miles every year

Weekly Sailings Transpacific TO MANILA

To San Francisco, Los Angeles & New York

via Panama

Fortnightly sailings on Wednesdays. Pres. Lincoln.... Dec. 21, 8 a.m. Jan. 4 Pres. Coolidge ......................... Pres. Wilson

Jan. 18

To Seattle and Victoria

Fortnightly sailings on Saturdays. Pres. Sefferson .. Dec. 24, & mm. Pres. Madison ......... Jan. 7 Pres. Cleveland ........ Jan. 81

ROUND TRIP PARES TO EUROPE & AMERICA, Special through rates to Europe via United States. Direct connections with all Atlantic lines. Cholce of rail lines across United States and Canada, liberal atop-over privileges for sight-sooing. 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, New York & Boston

Pres. Monroe..

Pres. Garfeld

Jan. 21 Pres. Van Buren

Pres. Polk

Fob. 4

Next Sailing

Doc. 24 .... Jan. 7

Dec. 27 Dec. 31

Pres. Mourse Dec. 24.

Pres. Coolidge

Pres. Van Buren....... Jan. 7 Pres. Madison

Prei, Wilson

Jan. 10 CONNECTING WITH 5.S. MAYON TO CEBU, ILOILO, ZAMBOANGA.

THE

DOLLAR STEAMSHIP LINES

AND AMERICAN MAIL LINE

CANTON BRANCH-No. 4 Shakes Street.

SWEDISH EAST ASIATIC

SERVICE OF EAST MOTOR VESSELS (with Limited, but oxceptionally good, passenger accommodation). Homowards to:" Port Said, Genoa, Marceflies, Algiers, Oran, Rotterdam (Amsterdam), Hamburg, Oslo, Gothenburg and other Scandinavian Ports.

via

Manila and Straite Settlements.

M.V. "TAMARA"

M.V. "PEIFING" Outwards to:

SHANGHAI & JAPAN PORTS.

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

Agenta:

Sailing about

31st Dec. 29th Jan.

Sailing about

23rd Dec.

24th Jan.

£57

Hong Kong to Genoa/Marseilles Hong Kong to 1st North Continental Ports ... 202

GILMAN & CO., LTD.

Hongkong.

16. HUYỆN

Cantum.