1939-05-11 — Page 14

Thursday,

HONGKONG TELEGRAPH

May 11, 1939.

By A

RICH MAN

How To Make-And Keep-A Million: VERY

You Must Be Honest In Your Dealings And Simple In Your Tastes

When Your Dreams Come True You Will Be Disappointed

(By A CORRESPONDENT)

A MAN who controls £30,000,000 capital and who in one group of trust companies alone daily safeguards the savings of 100,000 investors, has just turned eighty-four. His hair is white and scanty, his gentle face is that of a very old man, yet his brain is alert, his memory fault- less, and his words chosen with the precision of a judge. In his long life, before he left law State will take more than half of It for the City, he hum been com-in death duties, another ten per cent, mercial barrister and has sat us & Recorder.

in legacy duties, besides making him while he is alive in income-tax and pay nearly two-thirds of his income super-tax.

At eighty-four this man is credited among tinunelers as possessing the soundest judgment in the City of "In London.

meg.

in any case millionaires to-day don't know what they will be worth Hig companies have weathered de--don't even know if they will still pressions. His ndvice is engerly be millionaires more than two years sought by some of Dritain's richest ahond

"Despite all this, the millionaires He says he is not a millionaire of Britain are the most generous himself,

But this master brain behind so least 10 per cent. of their incomes people in the country. They give at much widely distributed wealth has away to charity, atudied the mathematics of making millions. When

I saw him last week in its Victorian drawing-room in Kensing ton, after his usual day at his office- Atanding erect with his back towards

glowing are, springing up on his, toes and down on his heels in lively emphasis of a point he felt in the mood to talit Just a Iittle about money.

spent

has brought him disillusionment. To all rich men who have half a century in amassing wealth has come, heys, this same sad dis- Illusionment, a sense of emptiness and unfulfilment.

"Every year £15,000,000 is con- tributed to the maintenance of the voluntary hospitals alone.

"Most milionaires 1 have known; don't relish their children becom log millionaires by inheritance. They fear that it will paralyse their energies”

Since money for its own sake no longer brings him happiness, I asked him what does.

said.

ANXIETIES THAT KILLED "My chief satisfaction," he "is doing the day's work. In my case, if I do that work well I know that the security of lens of thousands "After the thrill of acquiring of investors will be protected, and watching it grow has long "My second claim to satisfaction is. passed," he said, "what ailsfaction is enjoying good health. No man has there in having n'vast sum of money? become a millionaire by his own "Unless you are a miser and want effort without carefully safeguarding to convert all your riches into gold his health. colns so that you can count them, "He would not be able to stand the there is not much satisfaction in strain of tolling for his riches. Hla having credits at the bank, bits of mind would never remain clear for! paper, share certificaten

farming the sound judgment which

guide him.

"When you are old-and all must millionaires who make their for-| "He could never live long enough Lunes themselves live to grow old to amass a fortune that would Inst -bere te meaning in money and, if he neglected his health once itself, although, as the late Sir John success was reached, he would be in- Ellerman could at one time have capable of surviving the worries and done, you can write out a cheque responsibilities which are his in- for £10,000,000 with little or no escapable burden. disturbanco to your investments. There

pleasure in giving money enway, but ma a rule the richer a man gets, the more closely he scrutinises what purpose he is giving it away for..

"He remembers the toll and anxie- lies that the acquisition of his millions has enused.

Critically Ill in a Hollywood hospital recently was Delia Bogart,

17, alm actress, attacked by an unidentified assailant who fractured her skull. Brutal assault was similar to one in which Anya Sosoyeva, dancer, was killed recently. Above, Delia is visited by her parents, Mr. and Mrs. Harry Bogart,

Petty Officers Wanted

Expansion of the Navy has led to severe shortage of petty officers. The Admiralty announced recently that ships would bo commissioned or recommissioned for sca with leading sea- men acting as P.Os and C.P. O.s in proportions" up to 15 per. . cent. of normal complement in those ranks.

EMPIRE NEWS

RULERS' REPLY TO THE VICEROY

NEW DELHI.

The address of the Viceroy of India, the Marques of Llallthgow, ni the annual meeting of the Chamber of Princes recently, has created a profound impression.

The Congress Press regards his frank advice to the rulers to place their Administrations above criticism and to ensure proper opportunities for their subjects to ventilate their grievances, 25 gesture before the talks between Lord Linlithgow and Mr. Gandhi,..

The reply made by the Maharaja Jam Saheb of Nawanagar as Chan- cellor, on behalf of the Chamber, indicates, however, that the rulers: emphasise the distinction between administrative and constitutional re- forms.

that

The Chancellor declared their Highnesses would not be found wanting in efforts to improve their Governments, and volced the will- ingnoss of the smaller states with limited resources to consider a voluntary combination for certain administrative purposes, as long as It was not injurious to their in- dividual sovereignty. NEW ZEALAND

BIGGER PENSIONS FOR 100,000

In readiness for the inauguration of the now social security benefits

And here is proof of that argu- ment:-

"I could name many financial ad-scheme, the Pensions Department is. Rockefeller

venturers who have built themselves supplying special forms for those Itved to

ninety-palaces seven.

only to find themselves who are not at present receiving crushing soon after.

pensions

or allowances. Andrew Carnegie was eighty-

A total of 202,050 men, women four

"An income of £30,000 should be and children will benefit, of whom Lipton eighty-one.

enough for a millionaire to live on. 100,000 receive benefits now, which Vanderbilt eighty-three.

"Compound interest on savings is will automatically be increased from Lord Trent (Jesse Boot, of Boots the key to Increasing your riches. 23s. Od. to 30s. -Chemists) eighty-one,

An investment at 5 per cent. doubles British Cars RoughtBritain_re- Lord Ashton

(£10,000,000) itself in fourteen years at compound tained Its big lead in the New Zea £13,000.000 Guinness jortune) | interest. eighty

land motor car market Inst year. Of the 28,380 cars Imported, 17,030 Lord

"The most successful man is the were from Britain, 7,736 from Cana- (£10,000,000) eighty-eight.

man who makes the fewest blunders, da, 2,718 from the United States, and Sir David Yule (£25,000,000)ence goes back a great distance and motor vehicles and parts sold by have lived a long life, my experi- 207 from Europe. The total value of seventy.

Lord Runciman (£2,000,000)

my financial vision goes forward, per Britain to New Zealand during the ninety.

hapa, more than some men's. But year was £3,140,275,

Southern Rhodesia

Ashton

I do not claim to be prophetic. Sir Joseph Robinson (£10,000.- 000) eighty-nine.

"Luck is only a small factor in the The late Sir John Ellerman, the life of a millionaire. Judgment, makers, died at seventy-three. £40,000,000 king of English money-self-denial, industry and heals are ROYAL COMMISSION'S

the things that coubt.

But the old man, with his back to the fire, argued that Ellerman's was a premature death. He succumbed to the

the unfathomed anxieties which crowded in upon him.

"Keep your health if you want to be rich and live. Don't let your millions go to your stomach. Avold sumptuous meals, fat olgars, champagne, working. That is one reason why I

"And if

your health is good, keep

Ellerman could not stop making still go to my office every day. money, for if he stopped, If he lost MOST GENEROUS

"I'm strongly opposed to com-a million pounds, it might mean un- pulsory retirement at sixty or sixty-employment and disaster for thous "And he remembers, too, that if five. If they are healthy, men are sands of employees. his fortune is over £2,000,000, the then at their best."

YOU ARE QUITE SAFE

WITH A

MORRISON PIANO

BUILT IN A MODERN FACTORY

IN HONGKONG IT IS BEST

:

IN THE FAR EAST

PLAYING THE GAME

REPORT

WELCOMED SALISBURY.

"There is more gambling on the The Arst renetions to the report: Stock Exchange to-day than, say, of the Royal Commission on the two generations ago. But fortunes Closer Co-operation of the Rhodesias made by gambling rarely endure. and Nyasaland, satisfaction that "MIIIionaires my experience the Imperial dovernment is recom- have not gambled to become rich, mended to accept the principle of Speculative investment is not eventual amalgamation of the three gambling.

territories. This aged man, who has seen so many fortunes won and lost, told the greatest fortunes have been made ment agree to set up the recommend- "My observation proves that all the Southern Rhodesian Govern

If the Imperial Government and "It is impossible to become rich by playing the game according to the ed inter-territorial council, this will and stay rich by dishonesty...You rules of the game for any particular keep alive the question of amalgama- will not keep your riches.

You industry. will lose your reputation in the long run and every hand will turn against you.

me:

tain

tion

"At times it may be a harah The report may be regarded as a zanie, as in the case of Rockefeller miicstone on the road to the estab and Carnegie, but the

eventual Dominion general lishment of on morality of every market is sound, of Rhodesia Southern Rhodesia, for if I were not the markci Northern Rhodesia, and Nyasaland- would go to everlasting amith- which many hope to see as one of

creens.

"A rich man who wishes to be-f come a millionaire must not Hve extravagantly. He should not main- several expensive establish- ments and large staff of servants.

the member States of a Federated "The City man of to-lay is as desia, and East Africa.

British Africa South Africa, Rho- CRASHED SOON AFTER honest as his counterpart Afty years "Ellerman had one magnificent ago. He acts up to the morals of Rhodesia's claims

The acknowledgment of Southern house in South Audley-street, May-his calling, and those morals In the portion of Bechuanaland is also wel- to the northern fair, but only one house.

City of London are high."

comed.

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THE

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OFFICE APPLIANCE CO.,

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12a, Des Voeux Rd. C.

Tel. 28097.

COMPLETE CLEARING

SALE

STILL PROCEEDING

DRESSES and HATS

AT REALLY

DRASTIC REDUCTIONS FOR ONE WEEK ONLY

EUNICE

PENINSULA HOTEL

Dine at the.

Parisian Grill

Good Food

Fine Wines

DINNER & DANCE MUSIC by

The Bite Danube Trio

AT

Open till 1a.m.

TO-MORROW THE KING'S

Get a grip on

yourself

HERE COMES TOPPER AGAIN

with that ectoplasm gali

most hilarious "screoned-even funnier than Topper

story.

FOR SALE OR HIRE AT THE

TSANG FOOK PIANO CO.

MARINA HOUSE

QUEEN'S ROAD.

1914...

WAR BREAKS OUT!

Vernon Castle is thinking of

anlisting in the R.A.F. Irono is fearful,

A poignant scene in a GREAT film'

The boat of all Astairo-Rogers pictures

*THE STORY OF VERNON & IRENE CASTLE"

SPEY

ROYAL

WHISKY

DISTILLED OVER 10 YEARS AV by GILBEY'S

BY

SOLE AGENTS:

THE CENTRAL TRADING COMPANY

BANK OF CANTON BUILDING.

HAL ROACH printe

TOPPER TAKES A TRIP.

CONSTANCE

starring ROLAND

BENNETT YOUNG

with BILLIE BURKE - ALAN MOWBRAY VERREE TEASDALE

FRANKLIN PANGBORN ALEXANDER D'ARCY MR. ATLAS (The Thin Man" Dog): Directed by NORMAN Z. MCLEOD Screen Play by Jack live, Eddie Morán and Cory Ford, front the Novel by Thorns th⚫MILTON IL BEN Executive Producer • Released timu United Artiol