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PAM! NINE

oiiservative Investor

Announcement P

Silver Foxes and Furs Limited

Tliinyi thousand shares ar value $10.00 eden

‘Q ;_:_ ._l,¢ _ -- rv

~ -Divided into 25 _Preferred Stock ’ A .

' first claim on each years earnings for the _

néxt five _ years, for payment of dividend $ 210,000

_ 0 Common stock A A 90,000

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

_ ' DIRECTORS

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

Charlottetown _ Charlottetown

C. J. Stewart, _ F. L. Rogers, A. E. Shaw, _

Alberton lberton 16 King St. West, Toronto

The directors of Silver Foxes and Furs Limited have realized for some tim it th t h d ' ' ` in

_ e _a many W o esire to participate in the

large profits of the Fur Farming _Industry in general, and the breeding of Silver Foxes in particular, are seeking something m o h ‘ I, . , _ 0 ' _ 0 _ _ 0 _ '

ore secure in t e_way ofa dividend return than is offered by an investment in the common shares of the ordin-

afy_Cp`1'npqny. With thisin view they_haver_clecided on an issue of 25 p c Preferred Stock on a basis of $14 000 `

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pan' af faxes to be owned by the' Company. This Preferred Stocklias the first claim on the net earnings of the Com- pdffy ibif t_he_I_'1éXt five years. _ e '

To further sitrénigithen the Dividend Securityof such, Preferred Shares the bye laws of the Com an will _

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videthat nqdividend in excés`s'of" 50 p. c. may be paid on the common stock, and 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 lor breeding purposes or the pro- ceeds of the sale of same set asideior a reserve fund. ~ ~ e‘ 0

_ _ i _ The Assets

wilireoiieisi 0f15 pairs 0fPuf¢‘1>i~in¢e _Edward .isiand sneer Biaek F ' Th A A

_ _ oxes. e parents of these animals are, without exception

"te d ithth P E Il dF

regis _r_e w e ~. _ . t sf an ' ox Breeders Associati_on__and_co'nform to the re_quirements of Class A. They are all direct des cendarits of pure Oulton, james Tuplin, Gordon and Raynor stock. Not a rusty tinge for generations past.

` The Policy Directors s

_Reliable Management-~ Sound inancing in the interests: of tiie The gradual building up of

a substantial and lasting commercial industry. ' '

_ Riinching Arrangements 0 , ._ _ . . _ _ i _ _ _ _

The directors guarantee that the cost infthisxconnection will not exceed Io p. c. of the value of the yearly increase. The

ainimalsnvill, be under the care of absolutely reliable and competent men -day_and night. _ Mr, Russell Oulton of Alberton has consented toact as advisory Superintendent. _ _ This arrangement places close to go p. c.~of the whole production oi the live stock at the disposal of the Company for pay-

ment of i ivideiifds and additions to animal and cash reserves each year. _

S is a between Foxes whose grand parents and great grand parents come up to the requ1_i_'el}1en_ts _of

¢.C|a9§ A” and young foxes' which this year are “Class A” though their parents are outside the “Charmed Circl_e.’_` _

The exact details ofthe breeding of the foxes undercontract to this Company &t§.,QP¢Uit° the inspection Qf ”“Ve9t°1’5» _ V

'. i There ig a dif' grence between Common Stock on a-basis ol Twenty Thousand Dollars per pair and Preferred Stock

on a ,basis of Fourteen Thousand. _

, _

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i 0 s 0 Terms of Pa ment

» ' 25,1; C- `{,i'ti,.&7I@,~'I5.1ic,_,t=i,,-,,;,,,, P C_.g,,,~c},` pdayg ffm dat., 0f_~app1¥~atien pioviding hovéeiyer that the fu11am0uniis.ie_§¢_ ‘ ` ’*`° ‘ , ‘ ‘ "C ° ° ° ' - 'A ' ' '° d h remittance of not less than _aid on or-_before August 30th,, i9i4. V _Applications for less-than ten shares must be accompanie y, A -goip.‘fc."`of=_their“value; _ _ - _ - 0 ` ' ' ‘

_ Discounts for Full Payment with Application

On applicatiotis__r_eceive_d1~ in March or April 5 p. c., May 4 p. c., _Iune 3 p. c., july 2.-p. c.

Abpmdiofssilaiiaifi liiiififtérs' p, W. K. Rogers, chafiofiefown, P. E. isiand.

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¥§3 ;£{l_dl:;dt;1?: tiheiohiiigiied PSribcIl);ebf the Cgampanysi will be the iitlt charge on the net earnings of the Company each

f ' th' next five years T 'is is a superior advantlige over any proposition now being offered. At the end of five years the

Pi-geridd Siock assuinesi-thefbaéis of Coinmon Stock.

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