MARCH-. 21. .1914 mm 'mm me -

1 * ,, , _ _ _ _ _ CH WN GUARDIAN ' naar or n.i.»-» ' pm” NINE

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A Proposition for the Conservative Investor

Preliminary Announcement

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Foxes and Furs Limited ‘

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Thirty Tlleusand Shares ~ Par value $10.00 each

Divided into 25 p. c. Preferred Stock having

first claim on each years earnings for the

next Ii_v_e years, for payment of dividend $ 210,000

C°t“1i‘°11 Stock . 90,000

A Portion of both the Preferred and Common Shares are now open for Subscription

s DIRECTORS

_ Frank R. Heartz, President, ‘ W. K. Rogers,

_Ch l tt t

C J Stewartilr 0 e Owlii L Ro ers, A E Shg\l1i1é,lrl0ttet0wn

1 _ A1b_€1’f0Il i i lglberton i ° 16 King St. West,__'I`oron_to

The directors of Silver_Foxes and Furs Limited have realized for some time that many who desire to participate in the

_1ai_{_ge_pr0f1ts ofthe Fur Farming Industry in general, and the breeding of Silver Foxes in particular are seeking something MOV? $€CU.!‘_¢ in t_he__.w¢1y_ Of a dividend _return _than is off ered by an investment in the common shares of the ordin- ary Company. With this in view they have decided on an issue of 25 p, c. Preferred Stock on a basis of $14,000 per Hair Qf»f_(_>._7_c`_e5 to beovvned by the Company. This Preferred Stock has the first claim On the net earnings Of the Com- "pany tor the nextiive years. ` “ " '

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. _ » T0 fU7i__.th¢7' Sffengfhen th? D.;1fid.¢Tld._,S¢CuriCy _Of S_U_Cl1 _Preferred Shares the bye lavts of the Company willp o-

' in eli_cess'of' be paid on the common st'o‘clr,tand that such live animals as may be produced

over the number required to pay the dividends, as set out above, must be retained in the ranch tor breeding purposes for the pro-

ceeds of thesale of same set aside for a reserve fund. `

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, .l, T , 0 The Assets.

tf0t1SiSt _Of I5 pairs of Pure Prince Edvvard island _Silver Black Foxes. The .parents of these _animals are., without exception registered with the P. E. Island For Breeders Association and conform to the reqtiirenien-ts of Class A, They are all direct des

°°UdaU_l9 0fP“1`° 0U1t0”» James T“P1i”f G0fd_0I1 .U-Bd Raynor stock. Nota rusty tirtge for generations past.

. The Policy of the Directors' 4

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Reliable Management- Sound Financing in the interests of t_-he _S_I;m-¢}10)dgr4;. The gradual btlildfng _up of

aaubstantial and lasting commercial industry. 0 i ‘ T _ _ ` A' ' ' ` ' ` 'V

Ranching Arrangements

The directors guarantee that the cost in' this connection will not 'exceed Io p. c. oi the value of the yearly increase. The

animals will be under the care of absolutely reliable and competent men -day and night.

M r. Russell Oulton of Alberton has consented to act as advisory Superintendent. This arrangement places close to go p. c. of the whole production ol the live stock at the disposal of the Company for pay-

ment of Dividends and additions to animal and cash reserves each year.

There is a difference between Foxes whose grand parents and great grand parents come up to the requirements of

‘fClass A" and young foxes which this year are “Class A” 'though their parents are outside the “Charmed Circle."

I The exact détails of the breeding of the foxes under contract to this Company are open to the inspection ot investors.

There ig qtdifference between Common Stock on a basis ot Twenty Thousand Dollars per pair and Preferred Stock

ona basis of Fourteen Thousand. V -

Terms of Payment

' zop. c. vvith application, Io p. c. each 30 days from date of application providing however that the full amount is to be

paid _on or before August 30th, 1914 Applications for less than ten shares must be accompanied by remittance of not less than 5o'p.c. of their value. _ A _

a Discounts for Full Payment with Application i On applicationsreceived' in March or April. 5 p. c., May 4 p. c., june 3 p. c., july 2 p. c.‘

Applications may be sent to any Qf the directors:

` C. ].- Steivart_ Alberton, PL E. Island,” ‘ W. K. Rogers, Charlottetown, P. E. Island. ‘ A. E. Shavi{_~_8r_ Co, `i6_Kitig Street West, Toronto, Ont. F. R. Heat-tz, Charlottetown, P. E. Island.

who will be pltatted' to furnish_bf0Qpect_'ps ogrcgive. any information regardidg the Company.

0 The dividends onthe Pt'ef.¢tt‘ed_St0ck o the _jtmipauy will _be the ii;-st charge on the net earnings of the Company each

carter the next tive years. `_'I_`.hi'_s’._is_ ti superior advantage over any proposition now being offered. At the end of tive years the iireferredi Sto_c*|:"8lt`ltttt1es the bitsis of 'Common Stock.

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