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The Island lliishrinkable Underwear Co.lias Been Organized
_ ou Interested in the Establishing of
Authorized Capital $_90.00il - ~ - ~ Paid Up Capital $50,000
11 $13 _ - _ _ 'mm.`Ams‘ri¢`izws rr'na'r or Ann ` THE CHARLO'I`TETOWN'CUliRDfAN i' Momma nAn.v ' ' ~ 1
' __ Industries on Prince Edward Isiand‘?;;_;a
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For the purpose of manufacturing and selling unshrinkable underwear and sweaters, and to erect or acquire suitable bu_i,id5,
ings in which the best and latest machinery will be installed, capable of manufacturing twenty-tive dozen high class garments daily. This plant will require thirty employees and will use aiiriually about one hundred and twenty thousand pounds of domestic wool it .
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i It is the intention of the Provisional Diiectdrs to apply to the Governor in Council for an authorized' capitalization of
90,000 to establish and equip an 'up-to-date knittiiig mill-as is proposed $3 5,000 will be required, with an additional '$`15,od0if0r
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` working capital, making' the total amount of paid iip capital $50,000. Of this amount $12,000 has already been subscribed leaving au ibalance of $38,000 open to public subscription. n
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0 An Estimated Dividend Forty Two And a Half Per Cent:
The Cost of Production 5
_f It is proposed to manufacture three lines of unshrinkablc underwear. _The plant will
produce on an averape twenty-five dr zen garments daily of either of these grades. The cost of prrduclion carefu ly estimated by men of experience in the manufacture and sale of the gt-.odsis as follows:-vshowlng an average daily prol-it on the output of $75 oo per day or a net annual proiit of £22 500.' 0 '
Grade l Medium Weight all Wool
Cost of, production of 25 doz garments daily . ..-. .. .. ... .. . . . . .. ._ .. ......$181.75 Add f0r_se_l1ing and advertising xop c. ...-.- ...... 18 25 Totalcostofdaily production .. ..... . _ . .... . . . . . ._._ . . . ...$2oo.o0
` Sale priceof 25 doz. garments at $12.00 per doz............ . . . . .'. . . .$300.00
Daily profit as above . .+....~ .+H........ ...____ $100.00 '
Grade No 2 Light Weight all Wool _
Cost of production of 25 doz. daily . ... ...--. ..-.__ ......$g5.75
Add s'elling cost and advertising _ . -_ . .. ... . 16-7
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.... . ...............$182 50 Selling price at $10.00 per doien..... . .$25o..o
Daily profit asab0ve....... ........_._ . ....#57-5°
Grade 5 Cotton Mixture
Cost of riiduction of 25 dozen garments daily _ _ , _ ..... . . . . . .
.$129.25
Add forselliug and advertising. . . . ...._.,n ....,. . i1§_<>_o
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.».~.».>¢|¢»¢,.¢»»»-~~...._»-.W »,~¢~»~»~o.-o- un 0 °°° 1 ° ° °~
......$142.25
Sellingprice at 8.00 per doz....... ... .. .. . . . ....~------»--$200-00
Daily profit as ab0ve............ . . . . . . . ......$57.75
Average for an equal output of each grade
N . . . . . ..... . . . . . ...Daily`proiit.... . .. '.~-$100-0° -.-.» ,... .. ...H->l)3llyPi'0l:lt _... »»»» ... an .»»~»-»-»»»»o¢»v¢ 67000
N03_'_. _,‘_ -... »..»..D3lly pfofltonnvueen 1. ¢..».»|v+`¢»o-ocean.. -»
Average daily pr<»iit.............. ..................$75.o0
Net pmgtlor 300 days .............. .. ..... ......Q _ ............. "$22,500.00
or over 42 14 per cent profit on the paid np capital of $50,000.00
P Ihcrcby apply for......... . .sharcrs in Liv; Islaufi Uusln iuiruhlc Umlcru car
g°pi¢f.¢gnta¥theamoL\_ns .Fr -Nh _ K4 h h nd
I oelittnt n0tic¢0f'il10\B1¢°t» 3.5 l‘°"¢¢nt on °b"5t ’ 35 Per cent on atc ' A . ()ccupatiou........
i the iiml 25 per cant on Apiil 15th. 1914.
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P » I)iffQtQr P E Telephone C0. A. Mcpgnaid, M€fCh3Ut Df. .Arthur B. Reid, l)..‘llliSi`
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WuQayénB Prowse--°~MerChan't, Sec`y Treas. Chas. Dalton Silver Black Fox Co. Ltd. General Manager of l’r-.iwsc Bros. Ltd.
A Demand For Unshrinkable Underwear
_ Notwithstanding the iucrcasc i11 thc capacitv of lmilling factory plants rrrw in opera-
tion they are unable to keep pacc with the dcruani fu' iiuslrriukablc unrlcrwc-xr.
This constantly increasing demand is duc to thc suitahlli ly of tlncsc _Q-arrrrciits for our
Canadian Climate; the sanitary value and comfort giving propc1‘tics, ami to thc constant iu- crease of the p ipulation by i1nmigrat_ion. 'l`hc demand will tlrcrcforc continue uni. u rcarly sale may be expectcdior all the goods thc Company can t11rn out.
Every Facility at Hand A 1
The raw material is ea~ily olfainablc, skilled lainr can lic ohtaincrl :mil oti1cr:;t.a11;'_-_l\l'.
'i`hc promoters feel that we have every facility at hand for the manufacture of go: cis oi th' highest class cheaper than'in any other part of Canada.
Practical men of long experience vbritlr in the manufacture and sale of this linc of
goods are interested in the euterprize and their skill and ability will make thc b lsiness suc- cessful and pay investors a handsome protif, _
Concessions by the City Council
. In order to enr0'1r.1ge the promotion of industries in the Province. the Charlottetown
City Council has granted this company the filiowingconc-ssions: --viz A bruus of ;l»6o'J on ;r year for live years. Full exemgvion from taxation fir tea years and the water commissioners have gran ted free water to the quantity of 2,000,000 gallons per year for a term of twenty years. This quantity of water is more than the mill will use for m my years, and tog :ther with the concessions granted by the C'ty Ciuncii will mean a. saving to thc company of at least $2,500 per year
~ Shares $25.00 Each
In order to cucouragc the small investirs to invc;t their_s1ving.~: in home industries
the Provisional D rccors have placed the par value of :hc sh tres at $25.00. This will cnaiilc numbers of people who have not yet invested in the industries being p 'omotcd in the Prov- ince, tw come into what is s ire to be a big dividend paying industry. ‘ W ,.
The application form below is for thc c iuvcnicncc of those who ca :uot in-_1‘.<c it cou-
vcnicut to apply in pcrsou for shafts. __ V _
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Fill out, sign and mail to ]. P. G . flon or any of thc Provisional Directors.
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‘ Application Form
] P. G Jrdou E11. Charlottetown
joint T. Mckenzie, Merchant _ C. A. Clark. Manufacturer
S06 y-Tfeds'-'J. P. Gorddn--=l\/Ierchant of the iirm of Moore Sr McLeod.
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_ _ if ' be made to the S¢cy_ M,-_ ]_ P_ Gm-don Euclo:_cl please fin<l.... _ .._....i>clug lo p. c. of thc amount, and thc balaucc I
__ __ ApPll¢5.tl9mi, 0|' _lltcizpipnpkfhls gompany 1113-Y v ¢ t a ac* 1-.ling li plzm laui clown lu pro.-spccturi.
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A V ' t ubscribedhr must accompany all up licatlons, I5 per Arldrc;;f;....... _,__ .
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