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___ _F SIX __ -ri-_men GUARDIAN _ _ _ __ _

CANNED EGGS CASE_

MONTREAL, Jan. l-Your Judges

D! the Court of King’s Bench, th li¢l\&t 1 iudlcal a'.ithority,,- thi! Province, this morning upheld the judgment. of Mr. Jiistice Weir of the B me Court, wh.. in April last -(md a permanent injunction n- Zaintt the city from seizing ani; at-

' tempting tr. dc>;tr~;: $811-.»<J1i worth

from Hnnkow, China. 1 The city slut:-alf:d the case. Whit!!

Somptember, yudgment being rendered today John Layton & Conzpanv the owners nf the eggs a t iw* at lb- erty L0 ilisposr- ol the e:::.=. as they wish. The only dissenticut. on the Bench was Justice lavernge, who

_‘_‘< TO 'PRACTI-'E l.\` )I\__\"l`P.l-.AIU

i M0.\"ll3EAl., Jan. 1-H:_\1:. Wm. » Pugsley, M. P., at present 5 irzcmbei of the Bar of New Brunswifrk, will

take the entrance examinations for

Lxepractige gf law in the l‘io\':r.ce 0! Q hee nn January ’/'_ alfliz ir_‘_'u a' dozer. vo1'n,=: a_=1.ira.'.rs. lt 5-' ;:.e ir.-

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Subscription List cpens January and and “closes _iz o'clocl< noon ]a_I§1;i1fYt2;_<;_i;3‘2- The right is, however, reserved to close the lists at any lime “ll 0“ '

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KN1T°r'|NG F TORY

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szso,ooo 1 p. ¢. rinsi noticias sums 111111 11011115 A1111

_ 'SSW “F $150,011 7 p. e. cuiiumiivis 1111111111110 stout or 1111

iinwso P _'_1‘__§g_c__fij1i1:s Limited

~1U\ ~=~;=

CAPITALIZATION

c. Sinking Fund Gold Bonds ‘ 55001000 c. Cumulative Preferred Stock 2501000

Common Stock ~ ‘ 500 000

_ - 7

The honda are dated January lot. BIZ and ue due January lst, |942. Interest is payable lst of January and July.

` The dividend on th f ' ‘ ' ` '

Issued $359900 2 5o,ooo 5co,oco I

e pre erred :lock is payable quarterly lst January. April. July and October. The first dividend will bc paid April |S‘- 79"-

FRANK STANFIELD, Managing Director Stanfield’s Limited, Director .\`. S. Steel 5; Coal Co.,. . HARVEY I.. HEWSUN, Amherst.. _ . . .. . . . ._ _ _ . . _ . - JOHN STANFIELD, M. P.. President Stanfield’s Limited... . . . . . . . . . . . . . . . . . . . .._ .. _ _ ._.._ .... -_

N.cURR ' ' - ` ~

Y, President Canadian Car & Foundry Co., Director Bank or Nota Scotia... _ .__ . .

JOHN R. I\[acLEOD, Director Stanfield’s Limited, Director Mar. Tel. & Tel. Co .... .. . . . . ._. - - -

BOND TRUSTEES AND STOCK TRANSFER AGENTS I `

_ _ The Eastern Trust Company

APPLICATIONS ADDRESSED T0 THE EASTERN IRUST COMPANY

\\'ILL BE RECEIVED BY the Bank of Nova Scotia and any of the Banl;’s Branches The l~`asterii Trust Coiiipziiiy.

F. B. McCt.irdy & Co., Halifax, Montreal, Sherbrooke, Charlottetown, Sycliicy, St. John and _lohn's', _\`ild.

1 '_ f » ssoo1»v1s_.a°.i~) I _

$333 1'n__s__ ;§___;.k nia_i or sion i>.._y.1..¢7p.¢.r..f¢.f¢asi°ei....i: 0, 50, "~'"°7,f f rreiirialsmki

ONE THE FDLLDWING TERMS

President

Vice-President

Truro, N. S.

Montreal

Halifax _

_ BANKERS Bank of Nova Scotia

and occtueil interest no common ?iiiiik\fc‘;li-ned dividend 400 coinnnmm for )

Allotments well be made by the Eastern Trust Company and vi-lit--rc possible these stcurities will bc alloted iii blocks to suit purcliasers. Fractional shares of common stock will be

bought or sold on a basis of $_z5.oo per share.

. FRANK STANFIELD, Manaizing Director.

Hr~;w.so.\' Pvien \Voi1>i. Ti:xTii_1;< Lniirieii, Deal' Sl*-»

has been organized to fake over the business of the Hetvson \Vooleii Mills: strengthen its mange- meut, extend its operations and provide ample capital for the proper development of the busi-

11855. 1

reduced.

Mr. H.L. Hewsou the founder of the industry.

will serve the new corporation as Manager for a

term of years. under the direction of the board.

Interested in the Company as large shareholders

and directors will be men whose name are a house- hold word in Canada in connection with woolcns, Messrs. John and Frank Staufield. .Other able business men familiar with manufacturing are al- so iutersted in the managment.

Oct.

_\`ov

Profits _ ---|

1910, was $850,000.00. and the profits were $118, ooo. The output of the Hewsoii Mills has been steadily increasing and, with the new capital. and extended operations should for 1912 exceed $5oo,ooo_with continuous growth year _by year thereafter. A ratio of profit at least e'quivale:_1t to Staufield s can be_cx pected under the reorganized management. I

An output of $500 ooo should ensure the follow-

ing results:-

- Dec.

__ ‘;‘ H The output of Stanfleld’s, Liniitea, during U

Bond Interest... _ _ .$21,000.00 ~ Preferred Stock Dividend,17,5oo.oo 38,500 oo

Equivalent to 6.15 p. c. on the Couimoii

Stock.

When the business has been developed in

accordance with the plana of the new manage- ment, a largely increased output may he looked

for, with a corresponding annual increase ln' profits.

fioupecfuo and Application Forma will be rent 'upon requut to n

_ Halifax, .\`. S.

l4lli__ 21st, 28th, .1,lh, iith, ixfli, 25111. 2nd, gtli, 16th, 23rd, 30th,

I Increase 32,3e3.over 47 p. c.

Iii my opinion the Hewson Woolen Mills have not had suffihi - t k'

» _ <_ cu w ' _

al, and I find that the Company has, in many instances, not been ableoiolntiirilccciliii.

vantage of cash discounts and other market opportunities, with the result trhat fh - _ cost of raw materials has exceeded the co:-it to its forchanded competitors Oi-er ami _ above its present plant. the Mills require at least $2oo_ooo. new capital in 01-defy

Profirs for the year .... . . . . . . .. .$~o oao.oo ' get the best 'mt °f the “”‘le't“kE”g° O

’ ' ’ ’ The current volume of business should afford a iict profit of $50,000. And when

the suggested physical rearrangements at the works have bei.-ii made and the Com pany receives the benefits from the use of the new capital iiriv: being provided the

average annual net earnings should exceed $7o,ooo. `

From the information that I have been able to gather. I I the th .. is avery desirable business and is capablc of large and profitable eritpau:;ioii-Ieviblgexg justified in recommending to you, the reorganization of. the industry and ‘su fest

that s1\y$zz5.ooo be added for additional working capital. With the euormus irifi

of settlers which is increasing year bv vear Canadian markets 'll ' ux

| for an ever larger auiount of goods such asit lose produced bywlIIev‘i?ii1l;meTi]° CTN

nrntc, while healthful and invigorating. is nevertheless severe and chan' ble Cl

._ \ ~ » tired <11 1 ~ ~ - .- ge* °»““<1

7"' "' ' ""` . ..._ ...

Yours truly

1 io .io 6073 520: 5261 5581 6572 6511 656|

5703

4735 4-‘H4 4o4S

P

W1;_\\'1_\'f; Rf»r_>.\i Pi:<»1i1'c'1‘1fiN 1_\' \Veek Ending

1911 9128 7877 N597 6747 673: 77'0 7573 5623 ~"4<_»3

102195 9l37 _9°°‘f

08.189 1oo,51o.

Stanfield’s Limited writes as follo\v~ regarding the bii>iues~::-

' Truro, N. 5., Dec. 28111. 1911.

Purposes Z ~ Messrs. F. B. McCurdy tx Co_,

Along with the Superiiitendeiit of our Mills and an American woolen mill

machinery expert, I have carefully examined the plant of the l~Ic\\'_=oii \\`r_\»le-ii Mills, at Amherst, and licg to report as f.1llor\'s_ -~

The niills are admirably situated with a plentiful supply of intelligent help

and abundance of pure water The buildings are czuitiiodioiis. and substantially liuilt of stone and brick. and adord an excellent opportunity for the op;-ration of ..

_ profitable undertakingiu the riiaiiufacturc of cloth and knitted goods.

Alreadya large volume of business has been e~tal>lislicd on profitable lines, but

by a rearrangement ol' plant and the installation of some additional iiizichiriery. the production can be considerably increased and the cost of manufacture materially

A ready and profitable market can be had for the enlarged output of goods

which are to be manufactured here. _ ` '

The costs of advertising and selling have of necessity been high in the establish-

ing and development of a new business and l believe that arrangements can bc mad:

' whereby the sales and advertising can be made more effective and at less cost

I find that since the first of October the production has shown a markccl increase

and as soon as the plant has been remodelled and the new machinery installed. we can look for further large increases in production. Compared with the correspondin

weeks of last year the production in the clcth de artnient has incfcased as follows.-g

Y_\1<i»<,

F. s'rAN1=1r.1.n,

and accrued interest and dividend

-_ Opportunity-_

The plant has been throughly examined' by

experts actively engaged in \voolen_ma.ufacturing who report that with a rearrangement present plant and the iinstallation of some additional machinery, rendered possible by the increased captial, production costs can be substantially re- duced.Also that important savings canbeeffected in the purchasing and selling departments of the business.

--_-Products----

The mills are equipped to produce the popular

Hewsou Pure Wool tweeds, and knitted goods, as well as blankets, stockinette and other wool specialties. The reqdiremcuts of the mill involve an annual consumption of over three quarters of a million pounds of wool' ' `

-_- Growth of Business -

The development of the Canadian West espec-

ially the northern and colder parts, is establish-

ing an ever widening market for the Company’s L manufactures. i

The following table shows the annual growth

of the Compauy’s sales under the old manage- ment:---

1906 1907 1908

~i65,ooo 260194.14 289,723.70

1909 igio 1911' l

.154 881.69 493.539 6° 370.27613 'Statement fof 1911 incomplete.

--Y ...._.b

f eCU1‘lty

1 ~

The total assets including plant. raw material,

stock on hand, and in process of manufacture. | patents, etc., ,and cash onhnnd is$6oo ooo A large number of_ old bond and share holders have al i-

. ned their intention of investing in the aeeurgas

of the new Company

“Y °f *he above addreun.

F. B. M¢CURDY ta co. _ A '

Halifai, St. john, Montreal Sherbrooke

. _ in ___dP___!_____ _ _ Members Montreal Stoclr Exchange

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