As previously announced in these columns, the shareholders of the China Realty Company at the annual meeting of February 10 authorized the issue of the remaining, unissued shares Tls. 1,500,000.00 at Par Tis, 10. This was privately subscribed, and indeed very largely oversubscribed, within eight or days from the date of the stocks holders meeting.
With the total dividend for 1629 amounting to 45 per cent. it is easily to understand the rapid sale of the stock in this company. The question now arises as to the use which the China Realty Company proposes to make of this large capital increase, It is the desire of this organization to extend its usefulness as a Real. Estate Trust Company, such as exist in all the large companies of the world, The function of such a company is to facilitate real estate, mortgage, financing, development and purchasing transactions and the increase in capitalization has been made in order to offer present and prose pective clients a market place where such business can be executed with the utmost despatch.
At the present time there are frequently delays in placing mortgages Jor securing funds for building opera tions and it is the purpose of this company to eliminate so far as pose sible such costly postponements, If prospective client comes to "the China Realty Company with a sound business proposition it will net necessary for him to have cash in liliand to finance it, The Company will see o that, Should it appear to them impracticable the investor will have the benefit of their experienced judgment, The China Realty Company has an organization of experts who can rapidly investigate the soundness of business proposal and the accuracy of their estimates is indicated by the fact that in the Inst twenty years the organization has transacted more than fifty million Tis, worth of mortgages without the loss of a cent in interest. or principal, Mortgages offered by the Company have always begin thoroughly investigated and the collection of interest and principal will be handled by this Company for a small percentage, which also, guarantees such transactions with its entire resources, The investor, therefore, is relieved of all difficult ies and worries and need not fear loss nor delay, nor misrepresentations of any kind, Tue Shanghai-Hangchow-Ningpo Railway administration has receive Jed orders from the Ministry of Communications to lend 60 wagons, the Tientsin-Pukow Line, which in-urgent need of rolling stock, Twelve vans were sent to Nanking Jon Saturday and the remainder will sent in a few days, In this Jeonnection, it i of interest to note taining a Shunpao." normal service, says the Gow. Chang Hsueh-liang is report ed by the "Shunpao" to have placed orders with British and " German firms for huge quantities of ammunition, A couple of weeks ago, four, aeroplanes ordered by Chang from Britain arrived Shanghai, but were sent back to Hongkong, whence they were ship~ Fed directly to Manchuria, because the Customs House refused to per-rit their unloading in Shanghai as they were not accom pa val in Hongkong, have ipped directly to New= ichang, and another consignment of ammunition and tanks is due here from England on March 9; the Ministry -of War, having. granted its permission for their unloading in, Shanghai.
Text read from the printed page and cleaned; old type leaves the occasional error.