JANUARY 2s, 192s

Heat and serve w‘ h i Protects the familygoliogiiii‘ Cuts the costof breakfast

éMA

pfiow is the time for

Railroad Yielding

Interest Requirements on

properties .

Descriptive circul

Investment

Metropolitan Building

A First Mortgage

Bond 6.22 %

This bond is a first ch r .

oi. the Guantanamo d: g/etirtleiiiclioriiilfrfdrtiyénd exp?!‘ located in the fast-growing province of Orally: ‘Ccub: The company seryes a rich ‘sugar-pl-odudng Quito“, and sugar mills with a capacity of over 1,000 000 b; , per ‘annum. More than 90% of the tonnage carriegd “limit” 9B the company’: own linen.

NET ASSETS Over $2,833 Back of Each $1 000 Bond ’ QQVERAGE'ANNI_JAL EARNINGS t... till! Pm "P _Yw= Avflllflbk for Bond-Interest, De. preciation and Income Taxes, over 2.67 Times

these Bonds.

M011 than 21% of operating revenues is provided by valuable terminal facilities at the Port of Boqueron. Tlkeselconsist of wharfage, sugar warehouses, in [asses m °1 "Naif “M3, Water tanks supplying the town and naval station, together with residences and L '

We recommend these bonds as a sound investment carrying a very attractive yield,

Price 97 and accrued Interest to yield 6.22%

.1r on request.

McLeod, Young, Weir S1 Co.

Limited

Banker;

Toronto

111%!

l

o2 AT NIAGARA FALLS -

THE CHIKRUOTTETOWN GUARD

i The Public Forum

This column II open ior the discussion by worroepondento questions ct interact. The Charlottetown Guardian goon not necessarily undone the opinion: of w-ioupondento. 0

Central Guardian

MISS Bnowu 0F X. Y. 0P, Ono o! Oppenhoimb best known books starts in the Guardian Bell'- vcek. ' ‘

NEW UNIVERSITY DICTION- ARY to Guardian readers‘ tor 9? ‘cents and one coupon. Every "o? _- should have one. - ill

O -

IKE-OPENING or PARLIAMENT‘ AT HOME-Mfr» J- W- CYMK- Km“ kora, will be at. home to her friends Slr.—'1‘he_ meeting or Parliament Wednesday, January 25th, afternoon lo-morrow will interest Canadlans'fllld evenins- ~ 2°31 from the Atlantic to the Pacific. We - -— expect the public services to be well NEW $ERlA\--—-$\fl\‘l" “ext Week maintained, the Murray Hcrbcurlml 'l‘he ihiwullml. Ooileulwlmb P0P- Railway to be standardized withiniiiar novel, “Mills Brown ot X. Y. 0- this year, and taxation to be conslwlwlltcu out. for ill-st chapter. crably reduced. Certainly it is time -- that the taxpayers were somewhat NEW UNIVERSITY DICTION- rellevcd of the burdens of taxation ARV lo Guardian ronilora for 98 resulting from the Great War. The cents and one coupon. Every homo Bvvcrmncni. has had a 800d yeah should have one. , l! its revenues have ben large; and it -—— ’ ought, really ll. ought, L0 abolish thcl OYSTER BED DRIVING CLUB sales tax and other taxes. The will llolq lllell- first race Thursday. Gilordlunh reports from Ottawa, Will-January 26th. 3 classes, weather this. your. bt- eagerly scanned. and we peymllllllg, l om, Elli‘, elc.,

WATKYIIMAN PROSPEROUS siiowluoh-rrnc Cmlilwll- balance at credit. of depositors in the Jall- 24""- 1929- Dominion Government; Savlnfii

Bank, Charlottetown on December 31st. W118 $1,507,903.44. Deposits during the month of November were $28,495.00.

——~—<o-}—-—-—~ MULTIPLYINU BIG (lFFlCES. Sin-Of the making of positions

for politicians and their friends. there seems to be no end. Having sent an “BMDBSSHGOI” to Washing- ton to help the British Ambassador have a good tune. a British Ambas- sador is, it appeals. to be sent to Ot- tawa to consort with the American Ambassador and also have u good time and a large salary. It. is stat- ed that when the British Ambassad- or comes to Canada he is to be known as “Minister Plenipotentiary" and that the equally high-sounding title is to be given Canaries‘ Com- missioner in Great. Britain, with a proportionately higher salary.

Of course the British government can afford to add to the number of its highly paid officers. Against good pay for officials who are need- ed there can be no objection. Pro- vided that value is given the coun- try, the country has no objection to: the officials, their titles. or their salaries. To obtain the services o1

AUCTION FORTY-FIVES. —- A large number of members attended the Auction Forty-Five Tournament at the Knights of Columbus Home Monday evening. ‘The prizes were won as follows: 1st, Eugene Dou- ceiie; 2nd, Len Goodwin; and 8rd. Ben Arsenoult. -

CIHURCH 0F SCOTLAND. — llcv. Ewen Macbougall, 1B. D., will lli-cuch Snllbaili 29m at Cupc TYW \'(‘I‘SB m. ll n. m.. llllil i1 the travel ling is favourable, iii DeSublo ~al l 6130 p. ni. Also Monday 30th. at ~, Argyle Shore at 7 p. ill.

WRITE TO J-“S. FRANOllS l. SONS, FORTUNE BRIDGE. —For' your new Auto Bock Cutter, price $78.00. These silelglia are recog- nized to he the. best in style and l __ (lurubility, Bienuiilillly IIDlIOlHlBP-l . een GIIXlIOSZv-“(i lllusll. 0i RX- . . '

able men these days. high salaries “ll in K1‘ ‘ _ iilusl. be paid. But the electors of 00110111 qllillrly. Specially coil-l .j Canada should curb the tendency smwiell lo g0 through glgilillllltgillgfi-

- - -- l

lhcre is while the Liberals are hi J. S. Francis & Sons.

power to add to expenditures from the national exchcquei‘. ~ TEACHERS STUDY GROUP.-

to follow the Tho Emerald Teachers study group l ‘ or hold n. meeting in Emerald school, = lhe ETEB‘? Rfillllblill l" PflYmE hiBh January 9th. The meeting was salaries to party favorites. There pulled to order by the president. _ is a limit, ‘in this new country, bc- an,‘ ,,._._,. ‘here WM, no Tggulaf sllh- g yond which high salaries for offlc- 3,.“ (m. dlscusslo“ many lyroblenilg ‘ . luls who are not really needed should were discussed h; an jngn-“(iflyp l

We cannot. yet. afford example of the Mother Country,

\

not be paid’ . lwuy. Ono especially good nlctlloil‘ I am Sm etc" ‘of teaching the iiulilstriils oi i1 l PUBIJC oynuo“ coillltry was (l(*.lll(l1lSl._l'fl.i.P.il_ A

Jail. 24th. 1928.

very profitable inlil enjoyable cr-

To Investors

Foreign Extern

(Yorporntlon issues.

Ask 1'0

Ollr Clll‘l‘(‘lll. lifil. cilnlaills. fllli‘l‘l“il5

leading issur-s including:

r comr-

ol ovr-r 7.‘;

Dominion (invcrmncili and Muuirllfll Bmldsi al Loans, Public Utility will

Eastern Securities 00., Ltd,

INVESTMENT BANKERS

piling was spent. The next meet- ing wais ileclilmi for Monday even- ing, Jnnuury 30th in Springfield Sup-According to an official School, Toacliels uiie vorilialh’ , statement published by the finan-invilml lo attend. Sccretaly. .\l:n--1 ‘ iii] Post, of Toronto, foreign invesl- gin-vi. Fllflllliilg, Emz-rnlil. , ,.' nlellls in Canada. now amount lu, -—---4+4>'.—-—— l ' . s5.238,200,000—-aii immense sum! But‘ PERSONALS ‘ ~_' - ‘if all this foreign money has beenl ' economically used ill tho upbuildillgl My, of our industries and the develop- Quebec mcnl. 01' the natural rcsourcvs ol‘ Good Roads,

INVESTMENTS IN CANADA

. ~——— . l L. B. McMillan has gout‘ l0; , Lu atlvlnl the meeting b1 the ._.

Association for Canada.

lor complaint, but rather for thank- _ l ll. appears that there were obtained zxjolnplew in ilself, o1‘ any 4'

Cilllfldll. Canadians llovc no 00.1150‘ ____ .‘_ _

l Llano-Col. Elliott. Filll has gout‘ on,

mllmsi o. visit. lo Boston. |

O1‘ foreign ilIVGIilJTIOIllS in Canada -——-—-——n0>——- ,

Mother

in the United States no loss o siun Gmves- worn; gxlcrmlllathr does than $2,8B8,000,000. and from Grcul. no,’ require the asslsmnw

Britain $2.116,800,000. Iii recent other medlcmg lo make ll eflectivo, years financiers in the United n, does my, m" w do 11,; work, '

Slows have been mucll the larger ____-<'¢a>-—-——

lllvestors in Canadian securities. Al- FREDERICTON Sgngog, EXAM.

ready they are the largest. outside, ncyylglsl

owners of stock hi Canadianjndust- ,__ 0n the afternoon of Dec. 20, about

rlcs.

Bub though tho total amount o1‘ thirty-five visitors and rate-payers foreign capital in Canada. has been attended the semi-annual examine.- greatly increased in recent yearsztirm of Fredericton School. The Canadians hove not, ii. 1s pleasing school room was most artistically to now. relied 0VOYX11U0l1 upon for- decorated for the occasion with elgn friends. Indeed. as the Fln- spruce, Christmas bells, and ancini Post. remarks, “the proportion streamers, of foreign to Canadian capital has. The pupils were examined ‘in the, on the whole. declined slightly in various subjects by their teacher.‘ the past seven years." Miss Acklund. assisted by Mr. N.

l . l

(TIIARLOTTETOWN Saint m“. - Monlrmll ‘ "“'"“" l i’ l)upn._."Bl]\, ililult l lio-

They are not long-the days "l wine and roses; out. of n. misty dream our path emerges for a while then closes with n. dream. ,

1 wasted time, and now time doth Waste me. To everything there is o, time. To dance. sing, weep and‘ pray.

Rains recently stopped railway irlnilc between Mazatlan and N08- M05, Mexico, {or 10 days.

serve u more iloilgllh" l-lxniiiiiici-—“Ntillwl‘

it's illo lowest m giro."

do ark

Porto Rico P"? last. year than in on.

A rallwily 800 built between E

duced more sugar the previous scns- ad

nil-ies long ls ngland and

l, bill l nm able l0

to be - Hallo, Jon. 24th, 1928.

___‘ZE'___.__----—-—-

l ‘Thai. ‘is, Canadians own n. slightly ,1, Min-my and Miss Mary A. And-l larger share of the total than they l-ews, Miss Agnes Arthur, and Miss did previously. Al; the end ol‘ 1921, Mgry Q, Stevenson“ Most compllm-l Canadian investors owned $10: entflfy remarks were made by thr-i 885,000,000. exclusive of lands nd chairman, My, N, s, .1, Murray iindl mortgages. in Canadian securities. lolhers, o“ the credlllle ‘manner in; It l5 WOYiM-Whllfl. it Seems l" mwwhlch the pupils acquitted thchlscl- V? K0911 ‘lack 0f investments l" clmJvcs during the examination, and the a-particulnrly ol those from lor- program whlch was M,- fgllgwg; Recitation-Waldo Seller; Recita-

l l elgn sources. l‘ l um. Sh". etc. A CANADIANlBcatrlce Stewart; Chorus-school Rccitniiom-Hannah I-Ilckox; Recl-

“ _ ‘ "" iutloll—Mary Ross; Monologue -—- o>¢o++o+++0o+0++e+oo+vov Wesley Murray; Reclwtl0n_]gdlth‘ Outline; Dialogue—Ro1ond ElCKOXZ‘ Edith Cutliffc, Miller Stevenson,

Stock Quotations

_ HALIFAX. Jan. 24.——Q\i0\»fll50l\5 non-Ruby Sicvensolu, Recitntlonf mrmshed by Jahnswn and ward’ ‘Members of the Montreal Stock ‘Exchange:

IQSURPLUS EARNINGS

2.

3.

a

$4,501,387 .

NEW EBUSINESS WRITTEN , $52,250,136

ASSURANCES in FORCE

$386,669,481

4.

TOTAL ASSETS

$89,233,343

5.

DIVIDENDS PAID

POLICYHOLDERS

RATE of

Strictly Canadian-Strictly Mutual

Operating exclusively in Canada and Newfoundland Established 1869 '

$3,646,105

SURPLUS FUNDS and SPECIAL INVESTMENT RESERVES

$1 1 ,829,283

EXPENSE RATIO

14.44%

INTEREST EARNED 6.46%

Tulsa MUTUAL LIFE ASSURANCE COMPANY

OF CANADA Reports Another Notable Year:

i Assets represent the book value of

FIVE

_._,,_.._,._—-—-d_

PKG

The earnings surpassed those of the previous year by $360,000 and ‘ amount to $50.45per $1,000 of ' , assets.

The new paid-for business ex- ceeded that of the previous year by more than $2,684,000.

Representing an increase for the year of $32,600,000. It should be noted that the activities of this Company are confined exclusively to Canada and Newfoundland.

the Company's securities (entirely Canadian) and uzould appear sub- stantially- larger if existing market values were used. The increase for the year is $8,600,000.

An increase of more than $550,000 over the previous year. l

Insuring the continuance of liberal dividend distribution.

Again the expense ratio has been materially reduced. '

New investments made during the year exceeded $12,000,000 and, not- withstanding steadily declining interest rates, the average rate of the previous year was almost maintained.

Assurances Payments to Surplus Assets in Force Policylzolders Earnings 1907 $11,656,410 $51,091,848 $680,220.30 $381,146 1917 32,165,431 123,511,314 2,513,991.23 1,007,730 1927 89,233,343 386,669,481 8,279,514.19 4,501,387

New York Exchange \

The Annual Meeting of

l95~ Asbestos Pfd. New

135 Kent Street

"an

lMontreal Power .- B4 ‘lNetional Breweries . 118 Winnipeg Electric . 112m, Asbestos Com. New 2830i 3

‘ ---—--~ m i l Th9 Land W9 L°V° , ,At mop. and Santa rt. nv- -- 11-» I B, n“; yeah Helen Stevenson; Recitation-Eupw‘ American gm 5Q _ , _, , 745s; gall Tglephone _ , _ _ _ ,_ , lac l l _ emin. Ross; Recitatlon- Murdock Am C“ and mm ..,, ,_ 11o Bmmplm-l , , _ _ , , __ 63 , l ' ***“*4f**"“ *"4'°V**** swwalti Drl“ —‘ Mum" Guam“ Atlantic Refinery Co. .. 23 St. Lawrence Flour . 51 ‘ 101118 and John 1116mm Rmlmm“ Am. Locomotive Co. . . . . . . .. 112 Spanish River Pfd. ....... .. 139's: l M°m°b°l|°~ l—wllm°lll> Sell"? m°"'°il°“""~l°h“ Am Smelt and Peiiig. Co. . . 178 steel Company of Canada . . 183V; I Q. Where is Montebelio. Hiciioxl; Song-eight pupils. lAHBlCOHGB ‘Cop. Min Co. 55% Shawlnlgan . . . . . . . . . . . . . . .. 92ml l A. Moniebello is the noted and Alter the program and remarks Cam paclflc go, _ _ zlo. can gleamshlp 30m, _, 335-, l ancestral home o! the Paplneau fa- clime the distribution of candy and,“ y_ can a Hug, my, 3,3,, 152 can Sleamshlp pm, _ 39%’ k ugly eisusglallylotfhiho lgfnchffigg; prisenl-s- m ts b lCon. Gas Co. (New York) . . izillunsmilllol. Bridge __________ ,. vov. B 8.11 8 81'. 0 8 upr HE 0 I 1110118 e 13765611 W135 b. 801.1“ Hmi Moun- car o“ _ _ _ _ _ _ 831,3 ‘i lgulshzlosellah fapiineaié. ltklsEonee 0x1 IPrenfch ivoay- clocitufcr Blllldiss xmemulonal Papgr go, __ 75-35 Bulls t! -5 0T6 B" "W15 ° 53 Y 0 8nd Wm e!‘ P119 5- 31W International Petroleum . .. 41".- l ntials Canada. rllueled o“ the OWRWE m" thanks are due we Women's lnsll- Standard on ot n. .1. .. 39-h Bank Commerce .......... .. 2cm,» l ' . er. There are mmw reminder! 0f tut/e and teacher for the presents M“, mm 5, rum Ry _, 25g lmmk Royal _ _ _ _ _ ‘ _ _ _ _ _ . ‘ _ _ __ 340.4, l its former occupant in this relative- and candy, with which each pupil Reading cm _ , _ _ _ _ _ __ __ 19114,, l F’ ‘y “cc 18ml lgitilglalggggafgltlltilzlf; ills“ ‘"“§.l';'°‘f..'l§°i" t a t l w est. “ulhem 9mm‘: c“ ' m l when 1 ‘ rience m’ "Fe" Y” ° ‘ Y l“ - b“ "W5 Y‘ '~ ' Union Pacino By. ..... .. 1911' . NTEGRlTY. ' ‘EXPE 9 v ‘d itors as 1t is linked with some o! the mg feature ct the , program. the us. Industrial Alcohol cm __ 109s: March _ _, 13mg = ancial Stability, wOIld/Wl e gloat thrilling episodes in Catiodasgeatlnglclostege by the singing of the wemnghom Emma _ ____ __ 9m M“, I ,3“ ~ istory. ‘ a one An m. - Connections-Wm“ “mm '" lwha‘ --~-~———1—— ~~~~~~ -----__-——~—— —a--~-~~ “fr” ' By Barrie Payne]

highest type 0f

l ' " Herd on“ ~Si- in"

k

‘ order you will-o in the orgammtlfln

The National qdiW C0 s iiilidqflSt. Peter SKI’! 1M mlfifiywflxillillnl

lnv

ll must be combined that can {give the estment Service.

moans’

gt; — Montreal

17 Salrbeégnfictrent

w. A. iiulcx. Rm. ‘ nuIwsJ

l THE GABB;

-'\'HlNKlNG UP 5lLLY JOKES? WQNlBEQ YDU NEVER Gil Z“

TOLA‘! .

THOUGHT OF OMAR WiAYYAH-l SAID "NE HAY 15E A BUN Oll-lligbkSi BUT Hi5 INITIALS

OF . BUT I'M ONLY HER OUMBBELL HUSBAND AND

NOTHl NG POSS! BLV

1 SAY COULD 0E SMART!

l l . l‘ l PU'|FD’A "QT ONE 0N ICE t5 THAT TEE wAY-UYQU WKJE 7 GQ$H-—|F A OMEDlAN YES Silt-l LQVE MY W|‘E-_ - ; “gap y‘ WHAT l _ PULLED THKT VERY SAME $1155 A W0 .- i E m” “ME “l T“! “m5 CRACK also imcu urn new m GM!) l Hagllllzgl-HEQFBAST

THERE ARE TIMES WHEN-

the policyholders will be held on Thursday, February 2nd, at the Head Office, Waterloo, Ont.

n. A. EBERS, Provincial Manager

Charlottetown

United States Steel . . . . . . . .. 1A9 July Montreal Stork Exchange l l Abltlbl . . . . . . . . . . . . . . . . . . . .. 182V.-'M l . n. Steel 1st Pfd. .. . aenlM:§,°l‘ ‘B. E. Steel 2nd Pfd. . *6 ilJuly maurentide Pulp 132%

l l

l l

l .

—*how to achieve it

Fill in the coupon for a copy of our booklet on this subject.

--_____-»——-~_-—-___-_-M

Pieasc send me your booklet -" l,‘

..--....-i.-u-¢-¢n--.~|_u-\_n¢-uint-fun”; ,.

Name

n-i;nooqlonnaoaontoIOIIQOQOIOQJIIOIOIIOIIILI

Address ... ..

JOHNSTON MWARQ;

McCurdy Building, Hlllhx

Hummus: “only-uni mm. itrcnlinn. Toronto libel Inhale; nor-mill cum punt. Wlnnl u; 0min Inelast- Fllkll“ Board e