nurll

' ‘ in.‘ invs

.-‘<>‘

Ill-l

ruprl-ntlnllrlg lo, '.

. uesilurnt fund. _( PURPOSE: .

. 1 plllllblfl,

‘_.' -pla(e‘in eco

not only!

skillful ulnagcnlcilt.

New for th

standing.

Pfilotfl _ " mzslams. ....;.....~.. .2452. ' 121:... '.’ ' ‘ .19." ‘igzs .219;

n “ff-hf-

_ vldgn é trus d?

n

. t). us... 452 '

further earnings 1111 llvn-lll rlrni~rlhml.

A PRO-VEN SECURITY,‘ _. , WE OFFER. .

I INVESTMENT lush just of m» Bfltlslrfllfne I

1101's zed April 1,1026, 194v", yo", ma,“ _ 6 ‘p. c. Class A Participating Trust Certificates

(Non Assessable) Empire Trust Company, of New‘ York '~ ' ' Trustee '

n1 Management n“,

Earnings transferred Expenses Net earningsDistrlbution to surplus

9.63% .- 5.45% 4.17% . 12.55% 7.01% 5.54% 32.82% 7.01% 25.81%

9 . . (‘Inna A Trust (‘ertlflrnlen hour preferential» nim- tb curnulnllvb dlstrllm. tlun of income ul. llunrnto of 0% per nulrum payable quarterly, Jun. llith, April filth, July liiih nlld (ll-i. 13th of ouch your. They also participate In The (‘l-rtlih-ntria are issuable with fore "m", n! $100, $21111, $1101, fllll). 153011, $10011, $50110 610.000 or nlulllpllu thereof, in, .10, lilil, mm, 1.000 allnreu respectively In ille In- 1-riiilr.li1-» 1m. fully registered. ed with the present level of security prices, the great ai§zlirldual issues, and the. changes constantly taking mic conditions, the average investor finds it a. dlflicult and dangerous task either to select with the proper dis- crimination. or Supervise with the necessary vigilance, a diversi- fied selec on of common stocks and bonds. Through tale mcdium of the Mutual Investment Trust the invest- or, both large luld slnllll, can obtain for o. portion of llls funds diversification but, of greater importance, constant and

‘BUSINESS: Originated April 1st,-1926, by a group of prominent 1 %OI'IC_ men lor the employment of their personal funds, and to ‘nlhosollght their advice on investment matters, Mutual _. , Iiiveqtment Trust illls operated with highfy satisfactory results since its inception. In principle and in operation it is closely 1111111080118 to‘ the “General Management" type of trust that has been so remarkably successful in Great Britain and Scotland for mrre than/sixty years, and in this

thé first invesimcilt trust in 1916. '

EARNING RECORD:..Earnlngs bslsedon Average Capitol Out-

gvuntry since the formation of

' J, J During the your .1928 (he management selected the Common stock of some eighty different corporations. 1 distributed during the year 33 extra cash dividends; 18 increases or lli-dgulnr-dividend; QQTIEIAIS to purchase additional stock; 20 stock and 11 ‘split-ups of existing stock-amounting in all to 114 various kinds in addition to the regular dividends. Mutual Investment Trust has cnrnctl an average of 1B 141%- its outstanding capital since its organization. Surplus in 19128 grc1vfro111|8‘7'¢' of the capitaLto 28%. EXPENSES; "All exlienscsof operation and administration are borne ‘ by the managers ofihe trust, including the costs of investigation, investment services, auditing, clerk hire, office rent, etc.

‘DUTIES ' QF EAIPIBII TRUST COMPANY, TRUSTEE: "The Einplf-c TrustfCompnny of New Y0?! City. BB trustee 1°!‘ certificate holders undm- the tm-nls of the Indenture, has at all times possession oi’. and legal title to, ull cash and securities in the trust, andQ-oilccts- all- interest 11nd dividend payments on the trust's lil- vestmcnis. The ‘Trustee authenticates every Class A ‘Trust Cfifllflcflte that is issued to tho Ill\'(‘5$l0l',,Wll1Cl\ gives assurance that not only his money but the 10'!» llut in by the’ malm8ln8 company 45 actually in the Trust Fund, and that he is o. IJFOPOYUOYRIW Owner. 01.111 the stocks, bmlrls and rash in the ’I‘rust Fund. The Trustee mails to the Trust; Ceriiificrto holdrl-s illt- regular quarterly income distribution, at. the rote of (Iii. per nnnum, and annually in February any extra distribution that accrues 11s a result of the participation feature TAXES! DIITCIIII-QI‘ from Inrcstnlclit Trusts of the corporate form. Mutual Investment Trust is not subject in the opinion of legal ‘xrcollnsbl to (he ‘l2’? Federal Corporation-Income taxynorl-the- Alf‘. New York Corporation frllnchi a tax. This substantial sav- ‘ing ls reflected in the earnings of th 'I‘rust. Price Upon Application

G. P. STRONG t? CO., Ltd.

_ INITJSTNTENT. BANKERS cl1.1ltl.o'rra'r0\v1v PRINCE iznivxilln ISLAND. CANADA _ Prince Edward Island's First Investment Banking 1101110 ' " l Pimneoso

These eighty corporations

per annum on .

Tnusr

appreciation.

, ANNOUNCEMENT

W1- axvpcrt shortly in oilcr 10-“18 Public 5B In‘. v-estmcnt trust sr-rurliy of tile general management l "p, ‘mm, will girt- investors an opportunity o! h math; h, u“. pIOSpCPHY of Canadian Industry in general and at the some time afford 1n unusual

degree of safely through wide dlverfllflvliflon-

This Investing Cflmliflfly l! bu“! firm“ m lines similar to those of Federated Capital 0011075‘ “on whose securities we had the Pflvullle "I “mm”; ' .1 .. l» . ll I 9',“ Which have already 51ml" ""7 "kms ‘wbgmn a

_ flgllgm Sqfgglulllftiltlihfi

jAlNT JON". 1

Szeivarr Deposed ,1 , ‘(Clsnmllan rush I 1111b M41’. 743°‘- M” saw. shunt was deposed 1w shill" mum. the bound of lhiuStandnrdOll

0111111111.... today. 11¢ 111° ""3""

_ i .'1;Ti'r1l1.v

l‘ '; harm ‘Gotinimeni’,

. ti".

“l”, wan, In salx or Illi-

CMRIIJITEIUII plournul,

MALI"!

stockholders‘ mectllls’ cllmillmi ‘h’ bitter proxy battle between himself and John D. Rockefeller, Jr..Wh° 111' stituted the proceedlnil l9 W“ 5w‘ wart. Edward G. B. Eubert was re- elected mesldent and. made chief ell- ecutlve olllcer of the company. f-hlll doml gwgy with the position b! chill‘-

man of the board of directors;

Ll LIMESTONE l

. LQW-Eii-Ilf PlilQ-‘Js §

1.1-

m-

(March 8)

Op. Noon Close Abana ........ 22D 21'! 220 Amulet . .... 235 283 240 Arno........ 52 50 53

Amity Copper . 46 43 43% _

Bldgood .. .'. 42 ‘41 43 Q3}; fwuyn 07% 01% 0B Con. Man. 58 68 60 Clerlcy ....... 25 25 25

Granada ' 33% Howey 135 Hud. Bay . 3135 Int‘! Nick. .. 88W Knot. Flor. .... 20 20 W Lake Shore zlloo ma zaoo Mnliirtio ‘"- ‘ 71 Mindy 165 1B9 momma n’ 1J- i150 2125 21M Mclfloug. ...’.‘- 61 3i 9'1 Min. 0mm ...' s40 coo no Mofatt’ Hall ... 21 u n Murphy ....-.r O0 62 62 Min. Bllln i": 83 06' 09 Nimieo ......". 40 ll ' ll Norlndn ...... ms 0150 6140 ' Pioneer ,...-l.r 60 Bl ~ ll Sher. Gor- nub 010 - 1m D80 Sud. B081!) ‘as 1178 1180 1186 " m: armies .-. seas m oso head. Yukon- r1420 1375 1000 . magmas l... m ‘in W! Viwiid 1.1a.“ 110 Ill 115 Winllhll. “h. ill 07 W " “this Ill’. u. ll! I16 280 M11‘ an s.“ ‘$1 l DU w. nylnluu ....l.' m Ml. N! Blg- .-.....- rlo Ill m film: Q0 a 1N0 1380 1N0

_ Alyson I“ = -‘°1 f“ . .. ' 1.. .. .. .. '.

771a Intima

money to lend, ‘those wishing h; bop. row will be agreeable, but when the bottom of the barrel is reached, it may be a. different story. It is their tum now to be pleasant-later it will be ours in order to collect what they owe.

I remember, during one of the old- time parties, a very rich man was asked by a friend of mine whether he was terribly worried. He replied. ‘N0, I'm not at all worried. but the banks that are carrying me gray,"

Affectionately Yours, E. M. HOUSE

A few weeks later Lord Northcllffe reemphaslzed, inacable to the Prime Minister. the close relation be- tween the difficulties of this problem and public opinion: ‘House, who al- WB-ys sees three months ahead,’ -he wrote, ‘obviously foresaw the present agitation in the mind of the ‘public here as to the immense sums requir- ed by the Allies and especially by

England. The current newspapers are giving much space to the subject or the loans to the Allies, particular- ly to England!- - The difficulties of the financial problem were appreciated £1111"! "-5 keenly by the French Commissioner. Tardieu later wrote of them: _i ‘Without means of payment 1n dollarsmthe Allies would have been beaten before the end of 191'! Amer- ica's entry into the _war saved them. Before the American soldier - the American dollar tinned the tide.... For Europe, what a stream of gold! not its approaches were crowded. Banker of her Allies since 1014, Eng- land came first. France. who had suffered more than Eflsllilld- Wmwd ‘to be served equally well. ‘rile oth- 51's pressed behind, e. clamouring crowd whose enormous estimate! frightened the ureasurv official-sw- Associated, but not Allied, the United States had authorized its Secretary of

te Papers

—_Clontinucd 11pm pan s-Q”; 1

. M... Europe, 1.111 not‘ to mm- ma. defin- ite undertakings. There were to be no bilateral negotiations. no 891ml agreernenu, no mutual stipulations. The United States in financial mar- kets was to play the part of distribu- tor and arbitrator. That was to be its financial pollcy.

‘This independent policy was lusti- fied and strengthened by the "n" biidled competition of the burrow- ers, by their everouietretched hands. by the astuteness of their ever-in- creasing demands. American mis- trust increased vvhen...both London and Paris, on the ground of their fin- ancial autonomy, stubbornly 0111105911 the American proposal for an inter- allled finance boarduuEvfify (my my Govemment called upon me to ob- tain regular. agreements, which it oonslderedindispensable. Every day the Treasury told me, as it told my colleagues. that it did not lnliflld 11° enter into any binding agreement-fl-

t

The American Congress had limited m, object, the amount. the form of financial assismnce. No one could Qgmplaln that, this assistance was not forthcoming. But no one bad the right to count upon it.‘

Sir William Wisenian to Oolonei

klrjiq, House . i" London, August 12, 191T

1 have pow seen most people .01 importance, eluding the King, Pre- mier, Chancellor the Exchequer-n- The British Government understands, though it is reluctant i0 admit, the most powerful position of the United States. The British Government trusts the President and will give him all information wllllnslv. but ver- talnly did not understand the neces- sity of keeping him frankly informed of their weakness as well as sirens“!

William Wlseman.

(Continued Next Saturday),

the Treasury to grant advances to (Cablegram) STANDARD MINING EXCHANGE Quotations furnished through cour- nlimvlclNlTy

tesy of

Louis‘ M. ATWELL s. co Charlottetown Office

‘ ..- _,.

‘Amend

Mrs. George Class, who spent a fsw days very pleasantly with her par- ents Mr. and Mrs. Alexander Cham- pion, Travellers’ Rest, returned Fri- day to her home in Moncton. The many friends of Mrs. Cm were glad to welcome her here if only for n short while.

"l. 1' "ll The B. W. M. S. met at the home of Mrs. Brent Waugh. Wilmot. Friday afternoon, Feb. 22nd. Despite the bad condition of the roads there was a good attendnncefisnd n very leasent afternoon was spent. Supper was serv- ed in the well known style of the hostess and n vote of thanks was ex- tended lobar for the hospitality of her home ‘after which the meeting with m. and Mrs; Brent Waugh.

ii ’

w. coifn mum-man. antral 3e- deqllo fill ‘l recent visitor at Wllmot Volley. ‘ , f .. ..

Their many ammo displeased to modulo m. nus 1m. mom! Urch some, ulst- an amused vuil lo boa- m dill oum-Lmmua cities, n n manly horn! that 1.110 health of w. men, has ‘clan unproven during

_ strum in tin lam of 1mm ma.

slnulemsnlmmm mt bawfllllllllnwoldreeonlluuliof Inclination-no. I'm- ma. . .

Rev.G.I.A.lIleli6D0fl.l1llDl'0! salmon‘ Iorhlorllqliql Mayan. an vhit with“ lrllllnuulnlullanl. w»...

n‘ 17171 '~

’. Q11“,

The funeral of the late Mr. John Gunning took place from his late residence, Sherbrooke. Sunday “m. noon roams, with llnrgecrowdm attendance. new. H. 8i. cun- Jeans officiated ‘nil the home and gave. Much sympathy from this andsur- rounding viclnityis xtendelhto the bereaved widow and large family of children who mourn thedor-s of a kind and loving husband and father.

Mr. Thomas Kelly. Mills Point, was a. visitor to New Annan Saturday evening.

i

Mrs. George Ramsay returned to her home here after spending a. plea- sant vlslt with friends in Charlotte- town.

Most of the farmers in this vicin- ity havg their next winter's. wood hauled and out and sawed. During the past few weeks some of them have been busily engaged in storing lca for use during the summer months.

0. K. Community Club which has been in full swing at ‘Travellers’ Rest for some time we - understand ere practising a. play to be held some time in tho future. This is a. treat to look forward to.

Potatoes are down and out. Let's keep hoping. It shall take some few bushels of them to buy an Easter bonnet this spring.

Mrs. Edward Urch, Travellers‘ Rest, was a visitor to the city Mon- day.

Much sympathy II extended to Mr. ‘ryndal Sample, Kansington, in the loss of a valuable horse, who, drop- ped dead on the road a short time ago.

Messrs Cedric Baker and Bimmett

00mm __ , . .~' * < .

Mn lglurPlllmnl-i, Freetown, was in fir-swims‘ aestfdumlsy on busi-f Miss min Moose and m. John! Mouse were visitors to Burlington re- ‘ oently.

/

HONOR ROLL

Wesli Kent Honour Roll for Febru- ary: Grade x.-i, Margaret Black; 2. William Reid; 3, Ellie Brehaut. Grade lx-l, George Hart; 2, I-Iel-_ en Ebers: 3, Maitland Owen. Grade IX.—1, Gordon Rodd; 2. John Maclnnis; 3, John Carson. Grade VIII.-1, Doris iPl-owse; 2, Fraser Macmillan; 3, Ivan Sinclair. Grade VII.—1, Harold Black; 2, Mary Owen: 8, Harold Forsythe, Grade VI.—1, Clive Johnson: f’. 1301111115‘ Bllck; 3, Fulton Pierce and Robert Owen, equal. ' Grade VI.—1, Jean Forsytlle; 2, Barton Crabbe; 3, Bartlett Cosh. Grade V.—l, Donald Eaton and Keith I-angilie (equal); 2, John Mo.‘ Lcod: a, Annie Ashton, Grade V.-1, Donald Macmillan": 2, Walter Piclrard; 3, Charles Plckard. arias 1v.-1, Carol MacCannél: s, Prank MacKinnon; 3, Harold Stewart Grade 1112-1, Sylvia. Block; 2, Rose Blrtwhlsile: 8. Ruth Sinclair and Dllys Owen, (equal) ' Grade II.—l, Herbert Murray; 2f Allison West: s, Newton Large and Jack Gallantfequalé), l w»

Beaffy Elected

» __- NEW YORK, Mk1». v.-'-ir.w. Beatty, president of the Canadian p5,“... Railway, was today elected a director of the Postal Telegraph and Cable

raged on the ice pond at Reed's; l. “w; I

. q ', ._ 1

.Wi1l You Root in Peace! ‘ V. BY appointing the Bantu-n Trust Compmy ad Wm“! ‘ under your will; you can eruoy the assurance that

yuurwiahcevirillbcp ulosl g 'ed t dthtc ul mnamfifitu bfilftmtiitfi °‘ ’°

nnsranwicrnuor ~ e CQIPA§Y

(‘. .\'. BISSETT. lbllrlllllllf‘ Charlottetown Brunt-h i

I ll;

Telegraph? Corp. This dctldn w... taken at a meeting today of the pos-

tal

‘iicijeenses tliefbourd of lone, a new seat having ‘bed? ‘--‘ forphim. ' ' »

company. Mr. Beattyfis election

V

Corp, which is an associate company

McMillan, New Annan, are busily en-

of the International Telephone and

\i

5094-3-‘9-13-16-18-19-20.

T eachefs Attention, --AA ‘of ‘the Prince __Edvvard Island eaclierb Federation

g ‘Will "be Held ‘in the. ._ Prince 0f. .Wa_les-’ College " . 1ATY A . v1.1 a.‘ mI-"on ‘Friday, March 2......’

rr rs mlronram run avmvnascnan nuclei)": I i

EM‘ shirt-fir _‘ ‘ .;' 5.31

lvrlr ISSUE

‘w.’

cipzl.

gold com or its equivalent

I

Limited, a major-i of The Demerara

yearn-

requirement of the

is being a justed r

The

Mitchell, Ilhllfa Director Abitibfl’

W. D.

- Trust (Jammy: L.

fluke, Montreal,

. * ‘~.»~~._§ Dated March fit, 1927. .-M'

Principal and semi-annual interest Bank of Canada. Montreal, Toronto,

London, England, u the rate of $4.86 2/3‘to'£l.‘- eds

30-Year Gold Debenturcsflt”. . ..'. " 7% Cumulative First Preferred Stock; 6% Convertible Second PrelerredStocluq- _ w Common Stock (no par value). ,5," Jgzénizlz. (t) $3,000,900 591%. fit!!!)éilflfi- ‘ ‘

The 7 ,, 01.1mm" Fine ,Prat'e|1ed‘Sli:r~e'a":iid§rhcx_Cdmmou¢Sharea=. T e market value hill‘ geéfinnity-reg esented by these shares, based on current t 6 g» VB ' k

Desaiplbe a“: r, “pa” 0f m» will be ..¢p.+..;.,..., pa!» ,, Inlanafional Power Coslpoby, Limited, from which 11.. following iQsummarized. _ _ THE COMPANY; International Power Com any, Limited, wan incorporated In February‘ 1926,. Iawsdf die lllklminron qliCaigda, as a pubgc uti iéy holding it: opergtingdcompany. The Co inception a t e securities ower om an , lmltc , n Salvador Electric Light Company, Newfoundland Ligpht y a

Net Esmings from Operations, before Deprecia-

UOII. . "s-paqn-nn-usq-m-n-nq-aqp-nn-

on: k Page: Power Company, Lhnhedvj lliH- Toronto,

tnfilriiltréiitt’?!

Intelmatlional _

{/51 lie?- l. ~21 1'1 ’ ‘ "

f-M ch ' 1957. C I n grpcb IRIInOdIgO

Winni ..

at the Agencyof lie R [Bani

5 Trmeeilloysl {Trina

(179611

Venezuela

L

enable n i-‘vbole

1W4.‘ H '

' _ A gt“... Chantry Lim ,. . i. n, . l» - . ’ , 6 % , 30;=Y;ear, Qold " rlfDebeliuir-es, m dgaofiinzfionnof 5% ‘andilqooiitlregisacnlale n-ro pnn- cptember lst)'p1 a ‘ ' ' , Vancouver Halifax or Saint of Casinda,~New._ oryorrp Einglild an: rug a: The Royal Bank of Canada,

,m_' i‘ ‘r ' c....§’§...,f’7'n';'.‘.’§a.l'f’. ~'»’-‘s“°‘?‘-°" ....'~c 3,. . .- ~ a‘. 1

.1, w». canimnaorousr , _ V .""."' “nitric

:1 ." sl-aévvtf" m»

Second Preferred Sharps, isin excess ofifll-JXHMD.

d: Power Company, Limited, Bolivian Power Company, of the outstzndin 5% First Mortgage Bands and a controlling interest in the Ca ital Stock cctrlc Company, irnitcd. It has since acquired 94% otfthe Common Stock of he, Porto Rico Railways Com any, Limited, and 93% of the Capital Stock of the Oruro Electric Light 8i. Power Compan , Oruro, Bolivia, and. as largely increased its holdings in other controlled companies. It is the invention ‘to m: further investment in operating utility properties from time to time. ' ‘i '

Combined population in the territory served by the controlled

number of light, power and t ' ,. customers served is in excess oi'_ 1,000,-

DEBENITIRE ISSUE: Debentures are, In the opinion of connseI, a dIrect-obfigaflon of the Company, are issued under an Indcnture to The Royal Trust Company, as Trustee, which includes turcs in excess of the amount of First Preferred Stock at any time outstanding may be issued only under certain restrictive conditions as more particularly set forth in the Indenrure. Funds providedby the present issue will be used toward the cost of additions and improvements to the various properties, and for general corporate purposes.

EARNINGS: The following statement shows comparative Years ended December 31st

Gross Earnings. . ... ..._.......... ..'.-.r' Operating Expenses, Maintenance and Taxes. ...

earnings of controlled eompanieflfor rhe§past four

1 O

115w

Dbboritures l 7‘ '

Children rl coin or its equivalent at Tllo Royal ollug-flj, or, '2: t e 9 ‘non of the holder, in United Sure:

qtilflipsnd accrued inunn. ~11 ~

c.

2.000.000 t raccoon»...

LOGLGD a 1 I5 ,6“, IIIS. F?“

on qubtationesitfierwidl

' '11: viqfannulion

my acquired at its

a majority of the apical Stock of San

pectic! II approximately 860d“), GINIIIIIC

_ ._.->.;2-:.1.;‘u 1 k331i They .

a provision that Deben-

The?

orto Rico Ra

Qvmlmm

d.

.921.

mun rr. ionsfgnao.

192s "1926 _ 1921 1912s- »..§’ $1,465,410 13,803,698 $4,231,615 $4,332,756 2,021,179 2,254,610 ,, _ 2,996,744 2,401,458 $1,444,291 $1,519,078» srssssn, $1,925,293

The balance of consolidated camings (subject to audit! includin net miscellaneous holding company carnin s and do applicab to luinorit interests, for the year ended Cebeutures now to be outstindinq for Ilurrlcl e damage unstained b I

rough capita reserves. ___ , , _ _