s 15c.

OCTOBER 17, 1928 »

"Just how g nod l-i sinon_nr‘li.~§'fvi.°;ffi.i‘f-‘i talking about?"

"They have the finest, richest flavor you ever got from an expensive cigur__. in the new size that young men like",

' it smoN-zrrzs

Prooluceal by the ma

km or si Mous CIGARS

THE CHARLOTTETOWN GUARDIAN

Central Guardian

DR. JOIINSOPPS office will be closed until October 21. 8443-l0-16-3l

PRESBYTEEIAN CHURCH IN CANADA, Marshfleld at ll a. m.; Harrington at 3 p. m.; Mt. Stewart at ‘l-p. m. Dr. M. E. Genge, Pas- tor.

WEDDING BELLS-Announce- ment has been received of the marriage on Monday, October 15th, in Boston, Mass, of Mae E., daugh- ter of the Honourable W. B. Butler and Mrs. Butler of Murray River, to Mr. Montague Wellington Mac- Intyre, of Charlottetown.

NOT A POLICE OFFICER - With reference to the fracas at Borden reported yesterday morning. The Guardian is informed by the proper authorities that Mr. Clark, the ofllcer mentioned, is not a pol- iceman of the town of Borden. He is a prohibition otllcer only.

Why pay up to $150.00 when we can sell you it guaranteed Furnace for $118.00.

Cold weather is coming l comfort by having a "SUPREME PIPELESS" installed now. Thousands in use which are giving good satisfaction,

A thoroughly scientific Furnace, it distributes the heat v evenly, mailing every room comfortable and healthful for all the members of the family.

Call to see this Furnace.

Supreme Pipeless Furnace

Only

“e a winter oi’ perfect

We will o6 glad to explain _ anything in regard to its adaptability to your special needs.

Also McClary’s F urnacette

BRILLIANT STUDENT-Among a lengthy list of students from the Maritimes who have won distinc- tion in their studies at Dalhousle University and have been granted scholarships appears the names of the following from Prince Edward Island: 3rd Campbell Scholarship, T. R. Donald, Kensington, 2nd Un- iversity Scholarship, L. D. Mac- Donald, Kilmulr.

THE DAIRY BARN-With regard to the dairy barn destroyed by tlre at the Experimental ‘Station last Sunday night, is is learned that the Department of Agriculture 21s asked for estimates of the cost of reconstruction, and other details, ‘zut no definite steps have yet been

m Daily,

AUNT HET

BY ROBERT QUILLEN

"Amy makes lun of my douhi chin, but if l loptii as ‘iiuiifas _ she does hers, it would be wore to the bone.” ‘ ' "

I Atrgumeni I

\\

. .. ,- "Pilolrrlvllli-

i$z,soo,ooo;gi,,f.”

Calgary Power Company,’ Limitedr.

6% Cumulative Redeemable Preferred Stock. l _~ A

Prefcrredasto ‘and-ll " ‘ and " ‘confined ' ' cdividuflatflxe-rabeoftipercmt 'ltlnl.l.m,q|m||]gfl November 1st, i928, and payable quarterly on the lat dlylof February, May, Auguotand Novem r. lblk as a whole’ go: part, at the option of the Company, at 105 and " dividmd on 30 dlyl‘ notice. and at the some ' indie evcntotthcliquidgtign oi the Company. Non-voting, except as to matters-all’ on ridato o! the boilers lndemcept afoer four quartcrly~ dividend‘. mm be in arrears and while any arrears remain unpaid. Shares 8100mm par value. T ‘ Agcntzwontreaiffnlstfiompooy, Raglan-u; The Royal Trust Company. . ' ' _ Application svill be made in due course to lirt these share: on thmMoImeaLStoci Exchange. ¢_. . . , ., ,

t CAPITALIZATION i (On mmpletloa of this financing)

5% First Mortgage Striking Fund Bonds. .- . . .. . . . .. . . $3,000,000 £552,200 ($3,687,313) 6% Cumulative Redeemable Preferred Stock. . . . . . . . . . 5,000,000 $2,500,000 ' _ Common Stock (now paying 5% annual dividend)“ . . . . 5,000,000 2,500,000

f - ' 0f which ‘M71 be filled upon rficlloilcd ‘ingomlolion supplied cwillnibtvfmflv-Wllldl ollowvi ' sunonorizedw-

t NEW Iss0‘: . mfg a

Descriptive circular, to us by Mr. G. A. Gaheriy, Managing Diredor of

i- i THE COMPANY: Calgary Power Company, Limited, incorporated in 1909, has since Nil-engaged in the s generation and distribution of electric power in thcProvincc of Alberta. In 1927 its hydro-electric plants produced

v approximately 80,000,000 k.w.h., which exceeded the combined production of all other electric power plant's in Alberta. It supplies 33,000 customers directly and indirectly, through its own and municipal distribution systems

POOR PA ,

BY CLAFUVII OALLAN

taken. In any case, there is ample "mace available to house both the stock and the crops in the barns located on the Dennis and Blake osopcrtics. The Dennis property,‘ it will he remembered, consisting of

some 125 acres, with building, was

acquired this Sllmmél‘; and the] Blake property, of 51 acres, some years ago.

1 FROST PROOF WAREHOUSE-I Progress is now being made on the» frost proof warehouse on the west

side of the Railway wharf. The‘, greater part of the inundation is; completed, although 150- piles have; yct- to be driven at the southerni end. Part of the joists and flooringi have lggn laid at the North End. It. is expected that, given favourable! iventhel- conditions, o. portion, at

least, of the shed should be avail-

able by iwvember 15th.

C. W. L. AT HOPE RIVERF-Thci regular meeting of Hope River Sub- division of the C. W. L. for October, ivas held in the Parish Hall on Sunday afternoon at three o'clock, There were thirty members present and the President, Mrs. Thos. Bol- ger, presided. After the Openingl prayer by the Chaplain, Rev. Dr.) W. V. MacDonald, the League ode. "O Canada" was sung. Foliowlrigl the reading and adoption of the] minutes, and the regular correspon- dence. Mrs. T. Bolger. the delegate to the Diocesan Convention at St.

report of the various meetings, both business and social in connection with the convention. The Chaplain

exhorting them to persevere in the, good words of encouragement and' inspi tion, after which the meet- ing cl sed by P781181‘-

PERSONALS

.1“

r

.7 ti.

l‘ ‘Newest costume jewelry. . . novelties}. . lust receiyed

. v7 L - it's the little things about your Person that arrest attention-a smart. colorful necklace.

a modish bracelet. B disc. I tlnctlve ring-or a stylish _

Gruen Guild Watch . . ..ln our selections you will find a wide variety of unusual

creations, all in the best _'

taste and latest fashion. enabling you to acquire B piece that will truly reflect your indivlduality_. . . all very moderately priced.

W. w. WELLNER s

Jewelers Since 1863

E. R. BRQW

m» Richmond Wflllarlottetown. Hie, ' Accilgent, Sickness and l p . zlillatetllfizln

surimce at ' l‘ I v m‘

u" ,_

Mr. and Mrs. William E. Cotton, of this city. have returned home from a motor trip to Boston.

Mrs. Elizabeth Shephard received i1 wire Monday stating that her son Chester is dangerously ill in Bangor, Me. She left for there yes- ;erday morning.

Miss Olga I. Warburton, Assistant Superintendent of Faulkner Hos- nital, Jamaica Plain, Mass, is vis- lung her parents, Judge A. B. and Mrs. Warburton.

(lard Of Thanks

Mrs. J. Vlllett. and family wish to express sincere thanks to their neighbours and friends for acts of kindness and sv t l’ dllllllil "IR

long illness and dea ll 0,! hllfibflnll tcndent oi‘ the

ind father. B463-l0-l7-li

Animals » A | MinariPs heals bruises. 501'“-

sprains. saddle boils, dlsteml per, etc. l l i

‘itiliiiiii-"" LiNiMNI

Hard Coal

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Thofoormaltoillolloonerfiaon Burnu”ll now ilbollaI-Ihll 0M IhoolandTmoAmofloanAntbroo- IiQIaOhntoata-ndstvvocisel.

nooulauulo lllcbsdloai- iiyaolwiilbelloololtoflliorddl mvwhlloprloeoanlowoot.

mono nsyoarriiqlllaollfil‘ h.

Peter's, gave a very comprehensive 4

then briefly addressed the members; v

Kellogg's Asthma‘ Remedy is dolly benefiting cues of asthma of long stunting. Years of, eriik. how- ever, might have been the remedy been trouble waoin-lts first still. Donut neglect althml.

"l thought Ma would be more. uneasy about my burned arm. When Betty's beau got that scratch on his hand Ma almost ins-nod tile ilousc into zl hospi- a."

.__.i____._..____.

Took Horse as Wel_l__c_ls Boots

Colonel W. R. Collins, member of’ Parliament for the Union of South Africa, who was one of the Empire Parliamentary Association visiting Canada recently. During the Boer War he shot a Prince Edward Is- inndcr, S. W. Munccy, nqw of Van- couver, and" ‘tbok ills boots from him. -

When speaking ut Moncton he iold tho story ‘of ills skirmish with the Canadians. As the. result of its publication a few days lutet,.,when visiting Windsor, liioyryscotie, he mot Mrs. Gordon Stairs, Moncey’! sister-in-iaw, and the following day received a wire from Mr. Munceyis mother, living in Charlottetown, through Mr. T. B. GrsdyhSuperln- Notional _ System there, who is also his uncle. Mr. Grady added that the lbss of the boots did not. stop him, as he was supplied with another‘ pair by thi- Gnwqlment, with‘ which he went through the late war. Subsequently word came from Mr. Munoey ln Vancouver that Colonel Collins not only took his boots but also a pooh’ age of cigarettes, a horse, I. revolv- er and a riding coat, which latter he had taken from a Boer.

The photograph was token by a special photographer of the Canad- ian National Railways, who was ac- companying the party throughout the Maritime Provinces.

Colonel Collins,» who fought uainst the British in the Boer War, was one of the first to rally to the flog in South Africa _whcn war iii-on out in ml. leading a oolmnn ot cavalry in German Welt Africa and participating in the conquest of that territory.

::Help for Asthma. Neglect 8W8!

BUSINESS: For the past 17 years the Company has supplied the City of Calgary at wholesale with‘ the major part of its power requirements, the balance having been supplied by steam plants owned by the City and by Calgary Water Power Company, Limited. A contract recently concludedrprovidcs for the supply by the Company of Calgary's entire power requirements up to andincluding 1940. The City's steam plant has been leased to the Company for the purpose of this contract. _' " . 1‘ The Company purchdsed in April, 192B, the entire capital stock of the Calgary Water Pzfiver Company, Limited, which has been supplying electricity retail in a substantial section of the City of Calgary since; 1888; and in July, 1928, the entire capital stock of the United Electric and Engineering Company, Limited, which operates about 100 miles of transmission lines supplying the towns of Bassano, Gleichcn and trathmorc and a number of villages. Power is also wm>1iql.whql¢salq,io die no” of Lethbridgc and Red a to ate town ‘o: Ponoka; to the Canada Cement Company's plant at Exshaw, and the Vulcan Light & Power Company, operating in the town of Vulcan. Through franchise agreements power is supplied by direct retail distribution in thctowns of. -. .. ' Magrath, Taber, Diamond City, Granum, Carrnangay, Claresholln, Stavclcy, Nanton, High River,‘ Okotoks, Didsbury, Olds, Innisfail, Lcduc, Daysland, Hardisty, Morinville, St. Albert, Fort Saskatchewan and Wainwright, and over twenty villages in central and southern Alberta. The Company will by the md of the current year be distributing power and electric light to more than eighty communities, with a combined population of approximately 150,000. ’ a ‘ ~- ~ ~ PROPERTIES: The Company basin operation two hydro-electric generating plants, at Horse Shoe Falls and Kananaskis Falls, on the Bow Rivoir fifty mils west of Calgary. The installed capacity at Home Shoe Falls is 19,000 h.p., and at Kananaskis Falls 13,000 h.p., giving a combined installation of 32,000 h.p. Dams in each case are of mass concrete, other works being of a like permanent character. - .~ _ i ' ~ . The steam plant of the Calgary Water Power Company has an installed capacity of 4,000" h.p.,-and the t Victoria Park steam plant (leased from the City and operated as a standby) has sin-installed capacity of 14,000 h.p. - Arrangements have been made with the Government for the issue to the Company of a license to develop the Ghost and Radnor power sites on the Bow River, 28 miles west of Calgary. An initial installation of 36,000 h.p. is now under construction, being part of an ultimate installation of 64,000 h.p. installed capacity at these sites. The Ghost project will be the largest single hydroelectric power development in Alberta. The pondage crcatcd will provide a reserve of over 4,750,000 kilowatt hours, which represents the present power requirements of Calgary for twenty-one days. , On completion of the first stage of this development, about November, i929, the total installed capacity of the Company's hydro-electric generating stations will be 68,000 h.p., capable of further development to approximately 96,000 h.p. ‘ ~

VALUE OF ASSETS: According to the Company's Balance Shcci: as at August 31st, 1928, adjusted to give effect to this financing, fixed and net current assets (after deducting depreciation reserve of $908,936), had a com- bined book value of $8,497,387—equivalctlt, after, deducting First Mortgage Bonds and UnitcdElectric and Engineering Company's Debentures outstanding, to $231 per $100 par value of Preferred Stock now beingissued. The Common Shares of the Company arc listed on the Montreal and London Stock Exchanges. Basedon quotations as at: October 4th, 1928, the equity represented by the Common Stock-ducludiniftlid additional shares about to be issued-will amount to approximately $4,000,000. ' ' . -

EARNINGS: Based on earnings for the eight months ended August 31st, i928, and on additional revenue’ to derived from other distributing systems recently acquired or constructed, it is estimated that nct earnings for the year ending December 111st, 1928, after deducting operating expenses, bond interest, depreciation and income tax (but excluding non-recurring interest charges ori loans to bc retired by present financing), will be approximzitel $300,000, which is equivalent to twice a full year's dividend of $150,000 on this issue of Preferred Stock. i It is estimated that net earnings on the same basis for the year ending December 31st, i929 will exceed $450,000. In subsequent years when the full benefit is received from the rapid expansion oi‘- thc Company's syficm that is taking place, net earnings available for preferred dividends should be still further increased. . ‘_ ' PROGRAMME OF DEVELOPMENT: In 1926 the Company inaugurated its programme-of expansion of its transmission system through the more thickly settled districts of the Province of Alberta. In 1927 some 400 miles of transmission line were constructed and many municipalities, towns and villages were connected up lo the Company's system. This rate of progress is being fully maintained during the current year. Negotiations arc under way with a number of other municipalities whiclrthc Company's experience indicates can profitably be served.

We ofier these Preferred Shares for delivery 0', as and when issued and received by us, and subjectto approval by counsel of allproceedings, oi 5 ‘ __ g >

/

~ . 97% and accrued dividend, to yield 6.15%

I Royal Securities Corporation, Limitedip

MONTREAL TORONTO HALIFAX BAINT JO! lN ' QUEBEC OTTAWA WINNIPEG ' NANCOlMLER CHARLOTTETOWN THREE RIVERS HAMILTON CALGARY EDMONTON REGINA VICTORIA ST. JOHN'S, NFLD. ‘ NEW YORK LONDON, ENGLAND

0

\ ' ‘ ' ' The above statements are not guaranteed, bu! are based upon 1r (I rnmlinn which we‘ believe to be reliable and on which we noted i'n purchasing (hi m s "curilins. _, _ ..

...,.»...

Brampton

Abitibi Bhawlnigan

asthma a great advantage. The trouble.‘ once it has secured a toot- hold, fastens its grip on the _ bron- chial passages tanooiously. Dr. J. D.

tiled butuuo thinnes-

Abitibl . . . . .. Atlantic Rot. Co. .. Mia. Kan. 6t Tex R. . Brazilian

Con. Btmshp.

WHEAT

. . . . . . . 50

m Bonds Due October m, m: At 94.50 and lntél-eut w Yield 415%.

00m. ~12. >

n), ma; imam m. me- '

At W.“ and Interest h Yield 5.22%. . .

PROVINCE OF ALBERTA ‘

- -

GATINEAU POWER COMPANY

INTER cmi BAKING iiiinisln

met Ionlrlhe Jllyl-I\llfi‘- .‘~' . in dilmdlntorpltolhlollbdlfli- t

- Am. Can Co. lflwDominion Bridge . . . . . . . . 9B march , _ , , _ , _ , _ . _ _ _ _,. _ _ , _ __ 3394-, May , _ , _ , , _ _ , _ _ , _ , , _ , , _ , _ _ __ 44%

Am. Car 8a Fdy. Co. 91v.- .Masscy Harris . . . . . . . .. 51% May . . . . . . . . . . . . ..' . . . . . . . . .. 85% ' -

Am. Smelt. d: Ref. Co. 262 Asbestos . . . . . . . . . . . . . . . . . . -. 28%, i wflEAT

An. Cop. Min. Co. . 84V. Canadian Brewery . . . . . . .. 30

N. Y.’ Con. dz Hud. Riv. R. R. 115% Building Products . . . . . . . . . .. 3'1 , -_

Con. Gas Co. $13!. Y.) . . . . . .. 77% Fleas and Co. . . . . . . . . . . . .. 67 _ a _ ‘, Hudson Motor Car Co. .. 93% Cana ian Power and Paper 44 _ -' -' Inter. Petroleum . . . . . . . . . . .. 38% Power Corporation . . . . . . . . .. '15 _ _ \ _; __- g" . s“""°"°'"°‘" “m” m“ F°'°‘““ s°°“"“°‘ """" " m‘ — *1" ReadingCo................1021-3 Con. Pac. Ry. . . . . . . . . . . . . . H218 — ‘v, Southern Pacific . . . . . . . . . . .. 120% British America Oil . 41 . _. . ,. . '-'. Union Pacific Ry. 201%- Imperial Oil . . . . . . . . . . . . . .. 82% .""' " ‘ ‘ ‘ ‘if.’ U. S. Ind. Alcohol Co. . 129% ' (n Westinghouse Elec. ........ .. 1051s BANKS -°- I -.'- , 5a.», United States Steel m ' _ ,7,"

Bank Royal . . . . . . . . . . . . , . . .. 380 ' .-

Montreal Siooil Exchange Bank Montreal . . . . . . 3'10‘

-— a; _.___ 413v. _ :.-rst*r9‘~a_'wv

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1 ‘maroon BUILDING LlMlTElln" -, , ' iswww-i-Mvm ._, ..f | mnaiul-ndhtl-llilglbflbf 0'.’ ~ i

mu. rairrooliaos Instant! 4 v

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pontion at once.

Stock Qgotation

Eastern '$¢¢¢' *