1933-01-03 — Page 12

THE HONGKONG TELEGRAPHI

CHINA REALTY COMPANY

8% DEBENTURES 8% INTEREST VS 6% INTEREST

MEANS ONE THIRD MORE INCOME

COMPARISON

Mortgage Department, 1930-1931 -

Amount Commission Earned

Market

0%

Average: Average

Year

Amount

Value of

Value

Interest Commission

1930 1931

10,052,040 19,194,867

Property $18,662,000

34.075,565

Loaned 54% 56%

Rate 9.18% 9.33%

D 1.215% 0.765%

-Excess Interest Over 8%

118,614

122,316

255,291

146,825

7373,905

€269,141

373,905

Earned above 8% paid to Debenture holders- $643,046

¥6,532,660.00 $13,223,545.00

Of the above mortgages, there was assigned to investors;

1930 1931

As it is we carned 1.33% Interest in excess of From the above it will be seen 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. 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 natural laws of economies 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 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 estates, rent collections, insurance written, trustees for beneficial owners of property and sundry sources of

income.

The Company are Realtors, not speculators in Real Estate.

Assets

The balance sheet as of December 31, 1931 shows:-

Land and Buildings at cost Cash ....

312,341,726.31

3,351.055.84 1.844,259.11′′

Mortgages on Real Estate held by Company, December 31, 1931 5.971,200 Total Debenture issue December 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.

The following extracts are taken from the Chairman's statement at the last annual Shareholders' 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 should 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 interests. 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 of 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% upon your investments andjor savings, you are not using judgment but following old customs, believing 5% and 6% are current rates."

CHINA REALTY CO.

Fed. Inc., U.S.A. "The Real Estate Market Place of Shanghai.” 70, SZECHUEN ROAD

BEPPU

́EXPERT MASSAGETM

No. 308, Nathan Road, 2nd Floor.

CANTON AGENTS

for

The

Hongkong Telegraph.

- THE SHAMEEN PRINTING

PRESS, LTD.

83. B.C. Shamoen. (Nr. British Bridge). Tol. 12037,

PICKLED

BALTIC

FINEST

......SHANGHAI,

TUESDAY, JANUARY 3, 1933.

BALTIC HERRINGS. BISMARK HERRINGS.

"MATIES" HERRINGS.

SALT - FULL-GROWN HERRINGS.

HONGKONG STORE: French Bank Bldg., 1st Floor,

6, Queen'a Rua Central,

Tel 30400.

HABADE [Pamburg Bakery & Delicacies]

KOWIDON STORE: 22, Hankow Road, (Opposite Star Theatre). ·

Tel. 52828.

| K. C. C. ENTERTAIN

CHILDREN.

GOVERNOR AND LADY PEEL AT SPORTS

Is Excellency the Govornor and Lady Pocl visited, the Kowloon Cricket Club grounds yesterday afternoon when the annual sports for children, organised by the club committee, were held.

Twelve races for girls and 12 for boys constituted the programme. Afternoon tea was served between 3 and 430 p.m.

A the conclusion of the aporta, Mr. E. Abraham, vice-president of the Club, introduced Lady Peel, who presented the prizes.

Mr. Abraham congratulated the committee on the result of its work and offered the club's sincere thanks to the Governor and Lady Peat for attending. This sports meeting, he said, was the 27th of its kind or ganised by the K.C.C.

Subsequently, Sir William con- gratulated the committee and all who had been responsible for the afternoon's sports. The K.C.C., ho sold, was like the old woman who lived in a shoe in one respect--that was the number of children, but tha Club certainly knew what to do for thom.

Children wha' did not win prizes at the sports, received a present from the toy tent.

The band from H.M.3. Suffolk Lplayed during the afternoon.

The following were the results of the sports:

The following were the results of the sports:

Girls' Events.

Skipping race (11 to 14 years)— Doris Frith 1, Marie Smith 2, Betty Ponny 3.

Flat Race (0 to 9 years)—Maureen Sullivan 1, Durothy McCaw 2, Audrey Ablong 3.

F

Skipping race (6 to 10 years)~~~- Jean London 1, Allison Flaher` 2, Emily McKelvio 3.

years)-can

Flat race (4 to 8 Hale 1, Audrey Abfong 2, Froda Smith 8.

Potato raca (10 to 14 years)-- Marie Smith 1, M. McCaw 2, Allison Fisher 8,

Skipping race (under 8 years)- Jean Robinson 1, May Brown 2, June Tinson 3.

Mat race (up to 14)--Jean Lunden

1, D. McCaw 2, Freda Gabriel J.

Musical Chairs (8 to 14 years)--- Elsie Lane 1, C, Silva Z, Betty Scriven

3.

Egg and spoon race (up to 14 years)-Emily McKelvio

Auctiuana 2, G. Nives 3.

1,

P.

Flat raco (6 to 14 yeara)—Freda Gabriel 1, Paulino Baxter 2, Freda Sinth 3.

Relay race to 14 years)--M. Noronha, Betty Scriven, Doria Frith and May Lay.

Consolation race (up to 14 years)--- Pauline Buchonan 1, Georgetta Crossthwaite 2, Betty Goodwin 3.

Boya Events.

Potato raco (10 to 12 years)- Victor Garcia, Anthony Rela and C. Rozurio.

Boot race (under 12 years)-J. Marques. 1, Ackbor Khan 2, Joseph Marquen 3.

Obstacle raco (10 to 14 years)— Charlie Gardner, George Ablong und N. Lec.

Relay race (10 to 14 years)- Joseph Perera, C. Rozario, Anthony Reis and Alfred Wong.

Flat TACB (6 to 1

years)-F. Gonzalco, J. Gozene and Joseph Gosaro.

Sack race (8 to 14 years)-P. Egan 1, Ackber Khan 2, Jack Lanaler 3.

Tug-of-War.-L. Gozano, Victor Garcia, D. Silve, F. Smith, A. Roza, E. Stone, H. Sulao and E. Silva.

Flat race (4 to 7 years). Gozano, V. Silva and R. Hoare.

Three-legged race (10 to 14 years). -F. Smith and A. Roza 1, G. Glover and E. Frith 2, G. Arnold and N. Lee

3.

THE

BLUE FUNNE

LINE

REGULAR AND FAST PASSENGER SERVICES

FREIGHT AND

LONDON SERVICE

AGAMEMNON

4th Jan.

PATROCLUS 18th Jun.

For Marseillos, London.

Hotsordam & borg For Marsailles, London,

Rollardam & Glasgow

LIVERPOOL SERVICE

MACHAON

}

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

MARON

11th Jan, For Boy, New York & Baltimor

via Philippines & Strait, *

PACIFIC SERVICE

FY ND AREU 4th fan. For Victoria, Beattie & Vaiouver PROTEHLAUS'2ith Fin. For Victoria, Seattle & Vancouver

INWARD SERVICE

MEDON

Due 4. Jin For 'hai, Moji, Koba & Yoko. Specialty reduced face» » quoted for cargo steamorn with

limited passenger acommodation.

For freight, passage rates and information apply to the

under-mentioned.

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

Still of Lading.

BUTTERFIELD & SWIRE,

Agenta

E: SID ENT

KORDMAMA

AANERS

DOSANOLLER

POPOLAN

Weekly Sailings Transpacific

To San Francisco, Los Angeles & New York

via Panama

Fortnightly sallinga on Wednesdays. Pres. Colidge .... Jan. 4, 3 a.m. Pres. Wilson

Jan. 18 Pres. Hoover

Feb. 1

To Seattle and Victoria

Fortnightly sailings on Saturdays.

Pres. Madison,.... Jan, 7, 5 a.m. Pres. Cleveland

Preo, Taft

Jan. 21

Feb. 4

ROUND TRIP FARES TO EUROPE & AMERICA, Special_through raten to Europe via United States....... Direct connections with all Atlantic lines. "Cholec 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, Streita, Colombo, Bombay, Suez Canal, Alexandrie, Naples, Genon, Marssilles, New York & Borton.

Pres. Van Buren

Pres. Polk

Feb. 4 Pres. Garfield

Feb. 18

Jan. 7

Jan. 21.

Pres. Adam

TO MANILA

Pres. Van Buren Jan, 7.

Next Sailing

I,

Pres. Wilson ... Pres. Cleveland...

Jan. 10 Prea. Garfield

Flat race (8 to 10 years)→J. Gozano, E, Gonzales and A. Odell.

Wheelbarrow race (9 to 14 years) --John Egan and E. Frith Joseph Pereira and Charlie Gardner 2. Leo Souza and F: Silva 3.

Consolation race (up to 14 years) B. Pinquet 1, P. Contro 2, D. Buchanan 3.

BULGARIAN CABINET.

RECONSTITUTED WITH BUT LITTLE ALTERATION

Sofia, Jan. 1.

M. Mouchanoff has re-consti- tuted the Cabinet with n fow changes. He has not yet reached an agreement with the Liberais to whom two portfolios were offer- ed.-Router.

The Bulgarian Cabinet resigned on December 28 and M. Mon- chanoff was invited by the King to form a new one. No crisis was expected as the result of the change of regime.

Abscesses Ulcers

Boils Piles:

To treat than complaints success- fully, get to the root of the trouble. Clarke's Blood Mixture the world's greatest blood purifler and besler, it is famous for Blood and Skin Disorders.

Of all Chandsex. and Storen. Bomily good in LIQUID & TABLET formi

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THE

Jan. 24 Pres. Hoover

Jan. 21 7 Jan. 24:

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

ZAMBOANGA.

DOLLAR STEAMSHIP LINES AND AMERICAN MAIL LINE

CANTON BRANCH- No. 4 Shakeo Street.

SWEDISH EAST ASIATIC

SERVICE OF EAST MOTOR Vessels (with Limited, but exceptionally good, passenger accommodation), Homewards to: Fort Sald, Genoa, Marseilles, Alglers, Oran, Rotterdam (Amsterdam), Hamburg, Oslo, Gothenburg and other Scandinavian Porta,

via

Manila and Straits Settlements.

M.V. "PEIPING" Outwards to:

Sailing about 29th Jan.

SHANGHAI & JAPAN-PORTS. ·

Balling about 24th Jan,

£57

M.V. "FORMOSA” Passenger Rates:

Agents:

Hong Kong to Genon/Marselllos Hong Kong to 1at North Continental Ports ........ £62

CILMAN & CO., LTD.

Hongkong.

6. E. HUYỆN

Canton.