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R Black _ Heard. Office At Charlottetown

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° Ca ital Stock

The company will- be .capitilized at _$6_25,ooo‘divided into 6250 shares of $100 each. '

The Dalton Ranch hardly needs an introductionas the name Dalton” is synonomous with all that is best in re-

gard to,Silver Black Foxes. it ’ _ » J 1 _

For the iinest quality of Silver Black Fox Fur the world has been looking and still must look to the Dalton

if h ' f S`1-

Ranch., Proof of this claim is furnishedby the fact ‘that the Dalton Ranch holds the woi'ld’s record or t e price 'o i ver Black Fox Pelts, and the London marketreports show that' whenever the pelts from this ranch were otfered for sale

they always commanded the highest prices. _ .

°' 1 `Thel"0xes' _

There are now twenty pairs ot Foxes in the ranch being taken over by this company all tested breeders with the

exception of two young pairs, (which are replacing two_ old pairs] each female having given birth to one or more litters of~pups all closely related to the foxes from which the skins were taken that produced the World’s records before mentioned,

The Terms of Purchase _

i _The syndicate takes `_o'verit_he entireplant, good will and ranch of Mr. Chas. Dalton, comprising five acres of

land with all equipment contained -thereon. _ _ _ ,,

Th ` d' t has _the sole ri ht of the use of the name “Chas Dalton” in the Fox Ranching business.

e syn ica e g

h M i r the term of one year or longer if required,

Mi". Qhas. Dalton to remain with the company as Pano anager o

An “U To Date Ranch

' _ 1* _ I

I » Mr, Chas. Dalton has been raising Silver Black Foxes fOr twentgve years, being the pioneer of this industry, and has made their habits and requirements his life

study, and there is no other man in the world so qualified to build and equip a 'ranch with all the ‘facilities which are so necessary to produce the very best results. The ranch

_ _is fitted with all modern appliances _calculated to insure the safety of the foxes from injury and disease. The dens are bniltwith the sole idea of comfort and seclusion and the

_U5 _ ` ,oonblitionsoffox life in its natnral»state predominate, thus eliininatinga to great extent the danger oil loss during the critical periods of the breeding season.

M J __ _ _ __ i_. __,-__\,. ,, _ _ v v p . ~' ‘_ Al I, » _ ,» __ YI _ U, _ `. v p t .>_T_‘__

id v _ ~ . _ M.; ~- __ 5 ` _ ,,,_~,_,¢;”“,i- A :_ ,

Th hecation _ of Ranch

R The Ranch is located onthe farm of Mr. Chas. Dalton about a half mile from Tignish Station. It is five ahiigé ingégent being fully covered by what is known as

` Th fact that there are no large w s in close proximity to the ranch. minimizes the

second growitli/loaf hard and soft 'wood, completely enclosed in board and wire fencing. e , _ _ danger of loss by bush fires. ' ‘ _ '

R ' Probable* _Financial Returns 1 b _d

‘When considering this propositidn as an investment don’t lose sight of the fact that Mr. Dalton guarantees an increase of not less than 50 young foxes to e raise

to july 1,3913. For every young one under this number he agrees to pay in cash to the proposed company $5000 of the purchase price, thus guaranteeing for the first year

` ai which in view of the prices now being paid is a very conservative estimate. ‘This is the minimum estimate of dividends, which

` te of $1 ooo a air would net the

$250,000 dividends on a basis of $!o,ooo a p r, » T _ _ feel sure will be greatly increased. because instead of 5o young foxes there should be at least 75 come to maturity, and based on an estima o, p compauykthehandsome sum of $37 5,000" or 62 p. c. on the capital invested. _

if illiiifliile tlie obiect of this nicompangfpiis to raise and sell Foxes for breeding purposes, jf the time ever comes when the estimated value of dividends will be based on the

'od ill st d. In the year 1910 Mr. Dalton placed on the London Fur Market twenty-four silver

market valliieiof pelts,_the following figures will show where the Dalton pr uct w an

.si=ifvif_bihi " f"i'1i,_ _1 _ v _ b “ap pe ts W' Ich mug' a'n avenge ° *,400 a Pe" 'th th c ion of the present year when he tested the market with one p .lt which brought ,[410

'fl f 1 This was the _last time that Mr. Dalton placed pelts on the market wi e ex ept

' ' ' ' e that the market afiords

_, ' ` " ` l ' 1 th t th .EI lt f om this a ch ommand the highest ric .

_orihggs 3°' waging eoliggshig ssiimdte ofepiiiddiiciion viz: 15onpeli:s at the conservative egtimate of $1400 each, this will not the company $7o,o<‘o or 11% per cent. on the cap-

. _ I' entin a oiit of I7 p. c. to be paid to the share

Take t en the owe e _

ital iuvestedgand' if the prodtiction reachesfthe normal estimate of 75 pelts, the dividend would be increased by 50 p c epres g pr

“ R Ranch Expenses

' stimated at 2 p. c. of the estimated financial returns, so it wiil be readily seen by intending investors, that there is a saving

rk al ` nd in some cases a saving of

The expenses of running the rape are e _ A A

here of 23 'p, c. as coin'pa'i‘ed‘wi‘t`h theorilin ry Fox ranch propositions, where the ranch owner gets every _4th pup or 2 5 p. c. of the ma et v ue, a over 3! p. c where the *ranch ownerdeirlands every third pup or 3 3 I-3 p. d. of the market value.-

l'ations For Sitock »

pp i & Sh Ch'tow W B Prowse, Ch’toWn. and any branch of the Canadian Bank of

' : Ap; lication for stock may _be made to Hon. Chas. Dalton, Tignish, Warburton aw, n, . .

.Commerce og P. E. Island. ` 1 _

, l

R R Payments

t t ccom an; all applications -for-stock (which in case stock -not being

A 1op'.cL of 'the siibsctibed amoun nius at 5 p _ _

allottegl wiill`be`, i°eti1rn`ed')"t‘he alance to be paid on Dec-ist, 1912 \ '_ _

` / 'R 'R al s if ,itors are lion. Chas. Dalton, President, Mr. W. B. l’ro75vS¢_§ Sealy

y 1 it _'T A. B; Wsfbaurton, _S0l_1c1to_r ` T

‘thigmhutiepand 'tl_ie` game, and they know tt. omorrow _maybe too late so su scri e o y h

ofiieither large or- sdiall aiiiountsi to ;shai‘e inthe imine s“'p , pe _g

_ [GHS ,

investors,nii'ist getiithei; application in at ioiioe as the stock is selling very fast. Don’t listen to _the

R " “ " L ` " l ‘ ° ' ` ' b 'b t da for what-V-T

i Black i`Fiox proposition evértpresentedwto the Canadian public, and therefore ,presents thee i \

’ " n ei rotits bein `rea| d from the#

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