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we .

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Us 5.' .°.

...ill ._ -_ if ;

_-__ *_ ..

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. ._r7_,* .

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V 9 ilu l` f‘l‘ ,.1 '

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5,.-.-; " __ fx. __ ..; - Li

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mcsrouit ` ' ' A I B or--0.1." “ 4 ' ANI ' i

_I ., . _ 1 _ _ .:. .___ _ _ i., ‘_-_ .. _v

CHARLOTTETOWN G 9

\Vheriever you have funds available for investment,

no matter how small or _how large the amount, whe.

ther you wish Provincial Bonds, City or Municipal

Debentures, Public Utility or Industrial Bonds or

= Stocks, write us for our list with quotations If

' you say the word we shall ask our traveller to call.

F. B McCURDY £9 CO

Members -Montreal Stock Exchange,

Halifax. St John. Montreal, Sherbrooke. Sydney]

Charlottetown. St. Joh|.'s,NfId. __

\\/ .

X l

_ 1

MARITIME BEC URITIES.

Quotations iumisned by 11'. B. Mc- Ja" 23 '12'

Curdy & Go., Stock & Bond Brok- ers, Members Montreal Stock Exchange, 164 Richmond St., Charlottetown.

Atchison 105*

Amal. Copper Brooklyn It. T.

lc. P. R.

' Erie

LeHigh X D `

Nor. Pacific Reading X D Southern Pac. Union Pacific

U. S. Steel

64; 79

2311

311

16s 118; 1561 110;

Banks.

Ask Bid

Jan. 23 '12

British ...150 147 Commerce .f......216§ 2155

1062

Amer. Smelters 72 72|

04; is; 231; ai; 165: iisa

157 110;

Nova Scotia X D ........2775 276;

248 247

Montreal

Royal X. D., X. Rts............224; 223;

_ Miscellaneous.

Acadia Fire .......... 95 Acadia Sugar pfd 100

Do, ord .... .. 75 71

Brandram-Henderson com ...20 1 C. B. Electric com...... .

East. Can. Saving & Loan 142 Eastern Trust . ........................ ..152 Halifax Cold Storage Pd ...100 98 Halifax Fire Mar. Tel. com......,..................48

Do pid .... .. ......10l 98 N. B. Telephone 101 Nova Scotia car lst Pd...............90

Do 2nd Pd............__.45 Do 3rd C|Pd_..............33 Do Common

Standelds Pid ......104 102

Do Com...... ......63

Trinidad Cons. Tel. C0m............_..30

Trinidad*Elec ....... ...77' 73

.._50

137

98 46

Bonds.

Brandram Hevicrsou 6’s ...100 97 C. B. Electric 5's......... ......95} 95 Chronicle ............6,s 101 991 Maritime Tel............... ......6's106 104 Halifax Tram...... ............5,sl0lg 100 Nova Scotia Steel Istmt .5,s 955 94; N. S..Steel lst mort 5’s

Do Debenture Stock...105 103

Porto Rico 90 89 ......6's 1021 101 Trinidad Teles..................6’s 101 99 Trinidad Electric ...5,s 93 90

MONTREAL STOCKS.

Open Close

Jan. 23 ’12.

Cement 29; Detroit 69; Dom. Steel 600

292 70; 60

Power 195 194

Ti-amways 245; Rich. is Ont 123; Rio 113_l

Shawinigan 120 Toronto St. 136

NEW YORK STOCKS.

245# 123k 113} 126 135

CARD

To the Electors of Charlottetown

Ladies and Gentlemen: At thc solicitation of a very large number of citizensl have consented to be- come a candidate for election to the Board of Sewer and Water Com missloners at the forthcoming elect tion. Being unable to call o_n every elector personally,I take this mearu of soliciting your support. if elected I will do my utmost to safeguard the interests of the taxpayers along the lines of economy and equality.

1 Remain Ladies and Gentlemen _ ’ i8o acres of splendid la_nd,iio acres

Yours etc 0f;WQhlCl_1lS Ctlliafbifd "1 ig°°d 53;; Respectfully Yours,

P. A. SMITH 1 Cl; *“'“*‘°“» ° “ °”°° S °°V . l R. 1. LEDWELL M.n

I-l8dtf in any quantity. Bhipby freight. exnres with hard and .soft wo0d‘The.buil(l' I2- rdtf ’

s a char as.»n remit i l in s and dwellin house are in first _,

r- 1' " ‘ 'l ormsil. W p y 2 _ I§- E " ' w~i..». "“"'§f’°$'i"§'-'?.R"L"’i‘3..f"l.li<fi‘?.i‘i'¢if.§"»'.I§2 ‘ :less revalf- If “°t S°ld ily March

‘ ld tP bl' Auctlonfwith stock,

Tn C’ H' ROGERS’ walkerton' on* |;i?op ‘rind iiiiplements. For particu-

and business men generally.

You will need l-0 start l9l2

with Home new \

Letter Books, Journals. Index

looks.

llseord looks. Fries lsohs

Illss.

Inks, Account pspsrs, ln.

volops. '

Fsolscap ste. ste. Binding

Cssansfeyouusinpour "Sne- eass” "lindln| Caossl. for hitters and invoices, every ¢ business msn should have them. 0oly$2.5lio ons dozen lou. Our goods an bought right

ssdsold rlllst.

Carter Q C

_ i.i.»aa.i.'°'°"°'

~ ssssssssssssossssoss 1-._-= ...ll I- F- Wrlwf. For

.».._.._ -.....»'_ .. '- . i

, . _

_ '_ ii- ni I in _ _ _ __‘ fd A t'

. . - -2 r6i uc ioneers

Office Supplies °. - _/ @¢,_ - _ - I mw --1-- -- §l:.°.'°...f'fl‘.i:‘:.°‘.:r:'.:.;i‘*' gi _ ., Lodpsrs. Day Books. Cash """ " ` , 1; `\ .

Books. 5 1 5 y] N -'

1671 1611

06 sei

COTTON

<ou:§Ctoo ea-i»F~o=»-¢ »-¢ui<¢o'1oo

9.20 9.30 9.45 9.72 9.56

January March

May October July

GRAIN

May July '

1001

94;

100% 94;

PORK _

Open Close i

May July

16.25 16.10

~'~.` ar” *_ V: ' _,,,_s',‘.’%-' 1 _.7 l S31 x ” 1* =i-|"'l'-"/ rli -C U' ° -i"'3 2 -_ 2:91 _ " 0 ;._‘“"""

l -_

manufacture. It will pay you to

fered in Brown’s big sale enable you

, _

I ` iv. c. 1'Avi.oi\ a. oo.

’.JllTll`l' YUI HOUII Il fill WOILII

lol l:_lsohsnn lullllno. Ct- Louis, Ns.

-és-

" 1-odrisi . _ "7

men » this. etc.

DIRECT EXPORTERS AND MANUFACTURER

21 wldrl _

`\ »}2\i

_xt/5

See Our - Signet Rings

Our line of signet rings is 0n0_0f

the best we have ever shown.They comprise the best designs from U10 leading makers. When getting une ot' those rings you are sure ofsecur- ing one hundred cents worthof value from every dollar spent. _ _ __ Womon's signot rings, initialed

Sl-25119-

Men's sigiiet rings, inltisled

.. $l.25 ull-

W. 1:1. |Tanton

_cuiin

Kingston Glrl Saved hi “Fruit-a-llves"

Heart Weakness and Heart Irritation

a_re the common outgrowth of ludiges- KIOB. 13 f0fU.l¢_LI in the gwmggh and this accumulation of gas bulgcs out _the walls of the stomach and presses against the heart. Palpitation, pain over the hcsrtfsnd sometimes a feeling of smothenng and dizziness, all are caused by the stomach and not because of any organic heart disease. - "Fruit-a_-tives” will always curethis Well. _imtatcd condition of the heart by cunng the stomach.

91 Cuzacv Sr., Kmcsrou, ONT.

“I suffered for some years with a

dangerous form of Heart Trouble. My heart beat violently, and I had pain over the heart and down the arms. I lllS0_ suffered with Constipation null Indigestion. I was treated bv phy- sicians and took many remedies, but

_ nothing did me any good. '1`hen I 1 began taking “Fruit-a-ti\‘es", and this ` medicine completely cured me of ull

the heart trouble, constipation and iii- digestion, and gave me back pcnfert heaiih." (ii-iss) MABLE Toni).

5°¢- I 1901. 5 fOr $2.50. or trial size,

25c. At all dealers or from Fruit-a-tives Limited. 0ita\\'it.

. HUWLING

, In s recent bowling matchin duck fpins in the Arena Alley League the lMechiuiics defeated the Comets by 113 pins.

The following are the scores:-

MECHANICS.

Harper...... |-

~ .....»- 0

263 268 275

255

216

Gay......... . _ , McInnis......

I Jewers.

COMETS. Beer......... . 250 BrehaulZ........ _ 250

Smith......._ _ 222 Hig»gins......... . __ 241

` 1213

Majority for Mechanics-113.

ihard, per lb. 14 to 16 I’ape’s Diapelisin is a certain cure.

1’elts, each _ G0 to 80

__ _ .l 2 _ _

"Winter clothing and furnishings are Ducks 1 l?0 14 | "-'*'-'_-_*“°~* _ .

being offered at below actual cost of FOWI 9 t0 13| “We have a Splcndlll lille Ol ri*-611 S 1

stock up on underwear, overcoats,au<l , AVIATOR KILLED. 'warm, formerly sold at prices ruizg- sweater coats, now for even years iii .ing fl`0m 30C Y-0 75°`I10W gfling at 19C advance for the sensational prices oi- L08 Anz¢le=.J¢w~ 23--Rufheffml lie -ize H. H. Browne. 1-2-mai. _

Page, s. wealthy graduate of Yale

eiving his licence as an aviator, fell 150 feet yesterday nt Dominguez and

Having been requested by ei nunibrr fElc;-tors to nominate as a Couiicilli-r "orWard Five al the forthcoming Elec ion I beg lo accept thc invitatioii and (take this opportunity of soliciting the , fuoport ol' the Electors. | If elected my aim will be to encourage

he development of the City as a centre of trade thus providing more employment to our people.

I am yours truly

JOHN lllcNEVIN.

Ch`towu, jim. 15th ioiz.

-i5tlmwfi3 i

1 Valuable Farm

of one hundred and eighty acres

1`0KONl‘0. |815 WALKERION |895# fm. Sale on easy terms, at Brackleyi promise if elected to give my best-

ALL KINDS WANTED - Poiut. The undersigned offers foil”-U“n“°n t° the "feds of um Wmfdl

*private sale his beautiful farm of

ist, itwill then be advertised and

| Lars apply to Charles McEachern on

| premises or 1 BENJ. CARTER & CO.

1 -§’f'> \\\\ _

“"»\\‘.. ' |\r\ .|.. -

NVIDI-

lil. , ummm `- 1 _,_ll ‘

It’sd not difficult Jo ight the lrigidlog ‘r‘l‘i‘i‘i "iff-‘.’4'§ ’3linp'i'l niifillliif. vt. use no nlurlous so d In our proposes- thus our nfgthop prolongs the its ot your lines. is s one renault Wh! ¥°\l °"°“'i' °“'°":i°i.':.~ err' :.:.'.§“aiiiii ¥¢ii'lr.sTi?dn rgsztlnllt at dis rizht time

Star Steam Laundry

people committed suicide in l910| than in 1909, according to the latest statistics on " subject announce

1rncnt today 11 f » ressy L. Wilbur, ciiiei mtisticsn ._ . vital statistical of United States census bureau. The death rate from suicide in 1910 was, 16 Pei' 100.000 of population in the` census bure_au's death register urea, which comprises about one half the ~ country’s population. and covers; twenty-two stated an a number of1 large cities in other states. The rate was 16.5 in 1909. There were 8,690! suicides in 1910. suicide by firefirmsl was the favorite method of self»dc-sf

over 1909. Poison was a close second'

_ B. . ; D . . hanging or strangulation, 1,265; as-

I |531 msusse econ iisanii

l lffl 1 mtwiiait_si.un~ir:: _

t\"U¢l$i0¥1. and showed an increase; ,izil f'El"_§_l_'vi_i'_-'___|.A“_':"

,ull its use izisciu-'.'.-moan 1.1 sooo. ,Pune tooo

._a=-_-

'.‘L_\_`_'_'

-» `..fiT1a

.1_.-"2

..-:_ '_ .1/-L.-Q

._ .- _ .- Ag gi,

1 _ "-.._.. _pi-:__

_ ""1 . ' 31

ill

.?_“;_°

°' lvl _

f _

, .1 __

Methods employed were detailed asl ',".A MAQE-_ mf., ioiiowsz 1,-l -, _ 1,43. ;|lgi_q§i;l| » , --_lil Firearm 2 561 ' oisoii 2 456; “,l',F.; 1"- '{l‘i'Rl§, ' 4 4'5llll|i,-’-il

...:.ll. _ 1 - *L11 ‘....'.=-:lui .1-

:H111

H ,__ _ _ . . _ _ _ _ '_ _Y ' ' 1- A _ _

"5 _ _ _ -_'THB harms; Nl!! . _ _ THE _ UARDIAN Fm T I _ _ IV_ UARY 24, r 12 _ _ ._-:_ . _ _ ' FIREARMS USED 1 .__ A , ,.___.p_._._.,.,.,-i, 'westgpn Canada Power C0m|)a||y [imma

‘Ii-~¢f ~ 'v.__,';“g,\_'.§l_ 9

_ ___ 'l 'i.‘”.1."‘--"`1'°'1"-'-“l`ff’1”l'5'1'”W‘AI*“’“‘r| "li‘:"~"'--°v~l.;.ii_f_=

tw-‘tg _._ _ Mosr IN suicinns ri 1.- . * ‘ KJ- ,‘___" . "`: ' ‘ _ WASHINGTON, Jan. 22.-Fewer-I

5 p. c. First 1\lorfgage_§ii\v.ing Fund Bonds, DUE JULY lat, |949.

The Company are now delivering about xo,ooo H. P. in Vancouver

New Westminster and surrounding districts, and_ expect to sell their en: tire present development of 25,ooo H. 'P , supplying a connected load of _;o,ooo I-I. P., before ihe eiid of 1912. The net earnings from the sale of ihis power it is estimited will umoimt to $5;io,ooo, or z 1-: times the interest on the present authorized bonds. . _ _

We offer a limited amount or these Bnnds_al the attractive price of

90 AND ACCRUED INTER! SI'

RllYilI. SECURITIES CORPOIlA'I'ION, LIMIT]-1|) (II. Bradford, Manager,) |64 Ilollis, St. Ilslifax, N. S_ Toronto, Ottawa, Montreal, Quebec, London, Eng,

‘ - 1 _ 3

We 0llei' Any Pail 0150 Sliares Porto

_phyxiation, 931; cutting or llierciiigk

|instruuients, 144; jumping from high places, 137; crashing, 58; other

NEW YORK FISH ADS

Rico Railways Preferred Stock.

means, 131.

_ SERVANT /PROBLEM.

FREDERICTON, Jan. 23-(fornrn-

Army in Canada in a conference with‘ the Board of Trade relative to lin-1 migration and the plans of the Sul-_ vation Army said that 15,000 immi-. grants including about 2,000 domes- tic servants will be brought to t'uii- ada iii 1912, by the Salvation Army and New Brunswick ami the Muri- time Provinces will get ,a larger share of them than formerly.

Consignments Boiicited Prompt Returns

I _

issioner Rees, Head of the Salvationijohn 0

' Dividends 7 p. c. Cumulative $100, Par.

l’ziy.ible jan). iotli, April iolh, july iotli, O-sfoberloth.

Prices |08 p. c. to yield 6 I-2 p.c.

T|,¢ earnings ofthe Porto Rico Railways Company continue to show

s\il\s'aiiti:i| increasesfrom mouth to month. Afler payment of fixed charge.,

(incorporated)

New York -`

Wholesale Commission

and i'referrc<_l Llivldeiiil. eariiings now permit of the payment ofdividenq, .ii ilic rate of four per tent per annum ou the Common block, with a com-

` ' fiirlzililc sur_,~lus,

|07 F“l*°" M"l‘°***‘ .i. c. iiiliciiiwiosn & C0.

Members Montreal Stock Exchange.

Direct Private Wires

l-IALJFAX. ST JOHN. MONTREAL

NEW GI.ASGO\V. FREDERICTON, .

iii nusi usuilli 1 ............. _ p. __

EUHES. INUIEESTIUN

Bass,SmeIts Q Eels, Specialties T"

All correspondence promptly

answerer'

. s l

__ New York Fish Ads

llittle just as soon as you con. There

17.25 17.27, OHARLQTTETQWN MA1.|,K-ET5_ l will be no, sour- risings, no belohiyng

_ _ _ 1'- lot undigested food mixed with acid,

_ '__'\.,-___,_-,Q-._ ____-fri;-_k 'Jorrected for every Wednesday and|no stomach gas or heartburn, full-

' -_ '_ ___-.<4-‘-.1_;;'_lI.]‘?_“ B tt Saturday issue. ‘ness or heavy feeling in the stomach,“

‘ u r

0 6 24 to 28 . Nausea.. Debilitating Headaches, _ ‘ _ _‘ 1'.___.. `_i_..1_’-,_f?`_;-'[`\ P0l`k 63 to 8 Dizzincss or intcstial griping. This ~ _ ~ .-1:-yf,/- seat( uiirter) 11. ‘i a b 'ii '

_ q per _ 5 tg 7 wil all go, an , esi es, there will,

Beef (small) per lb 8 to 12| be no sour food left over in thel

, ` 1; __-_I _‘__k'-,_ BGSU. DB1” bunch 4 to 5 i stomach to poison your breath with 1

~ 1 1' -;:‘j~,“-1»?~';§'.‘-`»~_.`Kl Lamb, per lb. (small) 10 to 14|nauseous odors

‘ ALLIANBE INVESTMENT MPMIY. Llmilllll

_ _ _ itadishes, per two bunches 3 to Blfor out-of order stomachs, because itz.

|;1\""._1_. f ‘qi 1' Lettuce, per bunch , B l prevents fermentation and takes hold ‘ \__ _ imjnips 12 of your food and digests it just the

r D £1 Hg- ‘$11113 oatésg 45 to _ Same as if your stomach wasn't

__ a ca ere. . _

r;x§,¢Pf|,iil‘li‘ Potatoes, per bushel 35 to 38! Relief in five minutes from i1ll‘ ac ),,|lll.,l_w‘_i' Eggs, per doz. 28 to 30 stomach _ misery is at your drug

__ lll,|-'Hill' Loose hay per cwt. 65 to 70 store, waitingfor you.

"‘~."-`. 1° %|ll'»l` | rltrnw Der ton $5, These large 50-cent cases of Pape's

_.2 Calfskins (free of head) 12_Diapcps1n contain more than suffi-`

Hides. 9) to 101

digestion or Stomach trouble at any, time, da or ni ht ‘ 1

Y E ~

This harmless preparation will di-1 'l

gest anything you eat and overcome

UH A .Stencils sent on application.

Every family here ought to keep ~-

_some Diapepsin in the house, as any

one of’ you may have an attack of In-i | |

f ' il ' .` "1, 'I`-lfislieiiiieii, Fish Dealers.-Kindly fav

““ h K us with \our name and address so that w

ic ‘ * I 0 may from time to time uiail your information

of v.'ilue.

TU lll-“`l1¢fm""= If mal’ Seem ‘-l"l‘¢' All correspondence answered. Price

iif:\\ that tlicru are ways of Iiaiidliiig LMS’ Shipping cards and Slencns Sem lisli on Coniniissioii different or better on demand. ' .limi you li;-.ve experienced. C We are established 48 YEARS

lt I-lwrliei-|»~'~i sv.,-1. l`l1\'l'lS.O\ir cnroful attention and rcl`oi_'yo\i for standing to Duun's ` _ ' ' " , U... li:-zidling, pro-npt rt-tiiriie Mercantile Agency. Bradstreets

Boston. Mass. Transfer Agents. Itolorevicili-1, flreenvvich ii‘iri_k or nny liolcsals Fish house in the United State

i five minutes afterward. ‘

i If your meals don’t tempt you, oi" El Irie Nnsuravlgce

Webster......... 250 , what little you do eat seems to fill _ _ _ _ _

lyou, or lays like ii lump of lend inl _Fire In§uranceConipu.nice on L-'iirniuuilu Eyour stomach’ or if you have heart bnhgs, blgauiéihes, I.I.ills, bchoolii, Hot(-In

,n distressed, out-of-order stomach ‘ 'lV----------_----

.'.il iuwills rf-aicli-=cl,iiol tospczilt or the Market and Fulton Nation- ,-filic lliiiiietl :nhl s.zilisf`;i<:ioiy account al Fianic ol' any wholesale dealer in the ' -Alu will be rc-vc-lzilioiis tu yriu. Our business.

For rates in the P E lslvrd Mutual oliicc of biisiiicssis the tiiicstiiithe city. ‘ ' -

iburn, that is a sign of Indigestion. I 3 efsetgn mins' Wim" MmH` atc' ew 8 FUITOO DTi\l‘I(Cl _

I Usk your Pharmacist for a 50-cent ,Case of Pnpe’s Diapepsin, and take a’

DD Y

O. D. BELL im Ryfney St 13-7.1,-ghsgm

Phone 1.1.1 ' . 1

Indigestion or any other stomach trouble

lhosiery, very stylish, strong and |1

off..-W ... $72.50 1»...!si......”§..= '_l

‘ ‘ CAPITALIZATION

$100,000.00 Capital Stock of

' The

of Calgary, Alta.

llncorporalcd Under the Laws of the Province of Alberta.)

EAR VALUE OF SHARES $l0.ll0 EACII

Capital Authorized _ _ _ ...........$I,0lI0,ll00.00 Capital Suli_<crib€d............... .. 588,380.00 Capital Paid . 301,857.50 BOARD OI" DIRE(`TOR§

ITUGII A- MacI.EAN, Esq., Calgary. Alta., President.

II. N. DANCY, Esq.. Toronto. Ont.. Vice-President.

MALCOLM E. DAVIS. lisq.. Calgary, Alta.. Managing Director.

L. F. McCAUS!.AND. F.:_u.. Calgary. Alta., Secretary-Treasurer. 1 ARCHIBALD P’Icl.'_‘IAi4, Iisq.. Charlottetown, P. E. I.

to buy below actual cost of manufac- U0l~1_9§0. f_lYlllg the l`ll`Bl'» dl’-Y_ aft" fe' - If R ture. H. H. Brown. 1-22d3i. c - _ ,

1 was killed.” . . W. II. I'Ior e of M'ltori. Lot 32 offers

i The engine fem upon him and his for sale his vsluahle faliin of 1.15 ai‘i".=s one

"-rm" body was badly crushed' liliundred and tweiitv cleared and in a

high state of cultivation lliu hfilance rov-

Ele¢l0I‘S 0! Ward Fil/0 “;‘-‘-1.* .2f.l“.f."“?..' TW"

Local liofird ol llirictofs in Great Britain

BEN II. MORGAN. Esq.. F. S. S., Chairman. LIEUT.-GEN. SU? BEVAN EDWARDS. K. C. M. G.. C. B. TIIE IION. SIR COIKNTIIAITE. II. RASON.

BANKERS

In Canada: » ln Great Britain:

1 BANK OF NOVA SCOTIA ROYAL BANK.OI" SCOTLAND. Ltd.

AUDITORS

*ne er dl lg (1 l IP 00"

L' dl” “nd (’°"tle"'e"’ ' House and ou' buildii s all in llic best

, _ ig

' sf repair.

l Near Church School :intl saw mill and Mix miles from Cliarlottetowri. Terms ,moderate For further pafticulars apply-1

(O i _ w. ii. iioiwiz on me pifmise _ I-3l\\'s6i|-iri . I

_ .1

o the Electors of Ward Tw:

I herewith present myself as :i

‘candidate for Councillor in the_ coming Civic Elections to repro-' seiit Vl/'ard Two. _ I ask your favorable support and'

___

1 i

las well as to further the best in; terest of the citizens. `

_Cold Creaml

pure, clean and fragrant with oder of the best imported rose water.

Nothing better for chapped

lips or rough weather com- plexions' It nourishes the skin.

Apply it at iiight and in the

morning sunburn and wind- burn have disappeared.

lt is as good as the highest

priced cream on the market-

Put up in porcelain jars

i5c each tubes z5c.

E. A. F oster

' Messrs, Wcbli. Read and Ifcgnn, Accountants and Auditors, Calgary.

Montreal. will receive subscriptions forthe abov

$2 50 per share 3 months from S2 50 qer share (1 months frnm $5.00 per share 9 months from

Company in Successful Operation.

The C0mpaiiy was iiicorporatcil in iiio(r. and lias

made steady |iro2res.=i,`T||1:|r Real Estate Qlioltlii-gs uri: fliil-fly in :ind aroiiml Calgary and will so continue, but l"“*"l." ll‘<‘Y have been paying a little alteiitlori to Suskatoonnwlierv surli ri-markab clprogress is heing made. It will beihe policy of thc Company to purchase judiciously in amd* near Towns and Litics which have passecllhe uncertain stage of rliwelopmcnl. _and whose ftitiireis a.s=urc<I_T|\i'. Company, vrilli its expert know- lcdgc of vailiics, is boiler :ible to liiiiidle such husiiiess than any indiviiliuil, however well cquippgd he may be for the work.

While the_Coii_ipnny hashecn. and will continue to

bc. Conservative in the mailer of dividends, it would appear probable that before very long a distribution of Assets c~tte_r in the shape ofa Stock _Bonus or subsfanr. ial Cash Dividend, might be made. If not, ligwevgf, lhg shareholders will_slill benefit by li<.|.|ing ,, sew,-;¢y of ‘7°"°l*‘““)' ‘“°"f"'~l\'l;! value which will he reflected in thc market price ofthe Stock. _

The remarkable progress ofthe City of` Calgary is

perhaps without precedent in Canada. Building permits issued during the 'cn minihs ended iist October 191| reached lhe enormous total of $li.li64,| gl]_ '

MY- H 0- M=\"l.»'=in. l’rcsidcn1ol`lho Company. in a

letter diitcd i_:,lh Novcmlier, |.,,,_ ,,,,,k,,5 ,he fouowing reference to Dividend and l‘{i:si-r\'r: Fund: "'Whilol can

§Z 9.3

QI 2 sf ' sf'-rn

1ti_s the intention to make a ' lit- ti

_ Central Drugstore

'Will-xigali

` SOLICITORS

Messrs, Lalhwell (D. Waters. Calgary, Alla. IIl'1»'llD l1l‘I"ICE 7I| FIRST STREET WEST. CALGARY. ALBT`.I(Tl\.

' BRANCH OI"I"ICES:

Stair Building, Toronto. Ont. Westinghouse Building, Norfolk Sl . Strand, London. W. C., England

SUBSCRIPTIONS .

The Bank oINov.1 Scotia, Montreal Branch, and W. B Leitch, Financial Agent, Bank of Ottawa Bldg.

c issue payable as follows:

$4 50 per share on Application .

date of application. date of application. date of application.

Higher Dividend Pros pects

say nothing olficiul :-it ll-is titre, 1 may niciition that Bl the t_`L‘iiipuii_y's Aiiiiunl lllrt-ling, liilloviiiig its jcaii-r i d al gist Puri inter, it is- my inlimion lo iccon mind lint llic Dividerd for igii he 'declared at thc rate of ii pol' CEU! per annum, which will be au advance of 1 per cen_l over thc Divideml for iqio I consider it safe lo S3}’_ '" th” connection, also, that the Dividend for 1912 will be al the rsilc of iz cor rem.

The Asset :intl Liability Return covering llie ll!"

months ended gist October shown, after allowing f~l\'_ fi" expenses and outlays of every liinfl, except the 191| Dlvld' end, a Surplus of Assets ovnr Liabilities ni $3ll.735~7“' The igii Dividciid will amount to approximately 540.099' oo leaving a net surplus of approximately $27l.7.‘i6_7" equilflo oo per cent. of the Ci»mpany's paid-up lflflllal' This amount nwy lic |'.1i rly considered as a Reserve Fund in its present iihzipc, andilicCoinpany might cimliiiuo Wllh safety alaritg its present Iin»:s.1lt in my intention. however. at the apnrimcliiiig Annual Meeting, to propose that R porton equal to 25 per cciit. ofthe Real Estate l'ormin8 this surplus he set nsidw, and advantageously sold-_-the proceeds of such szilc li- he invested iii high grade ll*l°d Railroad Bonds yielding the Company, about 5 per ce_nl- This oporaiiou repeated frcni your to yi-ar, will lZ|V° the Company s reserw fund ol prltty much the HMIIO nature an is carrleu lay the Banks aiidother conservative- ly managed institution." _

FINANCIAL POSITION STRONG. -

The Uomonnv's ntiitoment ni assets and ll I ' W bb Roadil

H _ , f I shi ities as of October lust. lllll, attested to b essrs e ,

':_l¥'¢,‘:‘Jf‘f’__PE7’};:",‘_g tg gtL';I:iliftr’;Ep`smio’t1I=i:‘. gglshowslthe value ofthe 0ompsnv’l real estate and biillldintl . s vsluedpblii

--0.---. ge.-M -~ .... 1..... ... .:i'r:.°..°':2.‘.:.':,'l;2:i.°.f°.zr1t.ai‘L2t’..f.’1:la2:'i‘.i"'1t:.:.“.:':ii:3'°“ °°"

:ql')":“¢“" V’ lg" (-"‘"‘P'“‘¥"' 'Wlndlna' anfl *D0 l0l°|¥ritv and ability ul the directors lo`l whom the Prsslg¢l\¢ kfo, t,,g‘§a°§c'g;,-'Sigglgprgiglvrsssursr devote their time exclusively to the Oornnany’s business) may be ml °°l

I _ ` li -

the rogyefggogfnvigegsyigupm:L»_:»ié’li'¢-.;'i°.i’l'orn'ifiiii‘§i.'ii1ii§»i'~“§'.if»'i>i.dii°f¢i‘iil»¥i°ii.i"iiii§'Trfffiififiiiiitffbaeii :riffs --»---v--1-»-----l’---. 1-......0is.:.‘:..*::.l:i.':.'::i.::_°t°:ir.;‘i.-‘::.':..i:.111.22.2111:2:::'l.t‘i‘:.;iit.li:ii°° "‘° "°°"

W. 13. LEITCH. I

FINANCIAL AGENT '

hu' Bsnh_of Ottawa Building, Montreal. -

s,,,my.;d,_ bm N 1" Gllfosontahvs. Arshd. Mahan. Charlotlstowh. P Ll.

. r i

13 . » nl , _ I

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