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. INcoRI>oRATED UNDER A THE r or PRINCE EDWARD IsLAND

Capitalization -I $625,000.00» ._ n __ A I Par Value _ I $100 per share

All Common Stock, Fully -Paid' and Nonassessable

¢ .

_ _ _ _i i I

' ~ , .

ASSETS _

Ranch property and equipmt nt including extension fund `

for additional equipment ` $15,000.00

Treasury Stock _ 50,000_00 Ranching and management contract (including expenses

of organization and promotion) to Sept. Ist, IQI4 40,000.00

Twenty pairs of pure bred P. E. Island foxes 520,000.00

$625,000.00

I I LIABILITIES

Capital Stock $62 5,000_0g

The company does not owe a dollar and will not

have a dollar of expenses up to September Ist, 1914.

` _ $625.o00.oo

I PARTICULARS

_ This c_ompany is owned and olperated by B. I. Ra ner and H. Rayner, and their associates,

and is a consolidation of the home ranc interests of B. I. Ilayner, Pioneer rancliman, Alberton, P. E. I. with the E. H. Rayner interests (including the E. H. Rayner Fur ~Company, and Rayner and Gaffney interests) at Summerside, P. E. I., and brings together, not only a group _of the most successful men in the fox business, but an aggregation of twenty pairs of foxes, that for quality and productiveness have no

superiors. I ' _

The name RAYNER is synonomous with success in the Fox industry of Prince Edward Island

from the earliest Poneer days, and the President of the RAYNER _INTERNATIONAL FUR COMPANY LIMITED _is without doubt, the most gxporiencerh, most. prac_ti_<;al,all round fox man in this Province wdar-

_ ___‘_ __ _‘___ ,. . _ ,~ .`. -I,-.,.'.,,. ......-._ '>~"“" . """'The"Rayner strain of"'Silver Bl_ack foxes represents fbifst blood of selected Prince Edward Island stock from all_0f the old pioneer ranches, and y hard work, intelligent mating and wise selection lfiaveédbefn developed iiito the finest type of Silver Black fox,--‘-arge, vigorous, productive and heavily urr .rom nose 0 ip. - . .

A Many of the most successful ranchers in this Province_ha've bgilt their fortunes upon Rayner

Foxes and Rayner methods; the companies paying the largestdividends in A. D. 1913, being stocked with

RAYNER Foxes. i_

THE PRovEN BREEDERS

The 2 pairs of three year olds raised 31 pups in 3 years. _

The 4 pairs of two vear olds raised 34 pups in 2 years.

The4 airs of one year olds raised 16 pups the_first year. an average per pair of 44 1-4 and

5-6 pups each fdr the one two and three year olds, respectively. 1

THE YDUNG FoxEs

Most of the Rayner foxes bred the first year.

I One hundred per cent, of the 1912 pups in the several Rayner ranches raired litters in 1913.

° ` f I d b th RAYNER INTERNATIONAL FUR

COMPArlg§'?lIriIlI’lI1I)'I`\IfI3[rI‘ orfai§d:dtIgrI;;? ‘QMIQE mofherflike daughter.”

` d u to Se tember 1st. 1914, are included in the capitalization. There are

I ' iiuiexpelises gd Edlizbymlendut gf the egmiiigs I

“° came were arg ° _ i Bank of Nova Scotia, Bankers, A. C. Saunders, Solicitor .fy

7 Per Cent of the Rayner International

Foxes have already Bred

EXECUTIVE OFFICERS

_ I. Rayner, President ' '

G. Harlow, Vice-President ' _ ' _ A H. Rayner, 2nd Vice-President and Manager

§; A. Lea, Secretary-Treasurer _

‘_ A. Black, D. V. S. Veterinary Director _

Stock. Subscriptions Receivéd at F0ll0WiI1g fi s ‘ ’ Agencies,i so

R. I Morris, Newsoiiié _ _ '

Fox Eiriiiiiirigetsr Co..Ltd..CH’wwn Fair df_iP. E. I. Ch’t‘own

Glftown I ‘

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Reasons Why You Should Buy Stock In the _ _

Rayner International Fur Company, Limited

Because it is managed by reliable men who are expert in fox breeding.

Every Raynor fox enterprise hasbeen successful. _

Certainty of a handsome dividend in about nine months and annually thereafter.

_ A special provision for Reserve Fund from earnings of Treasuiy Stock.

Uniformly high grade foxes, guaranteed to produce nothing but pure Silver Black pups. Sound business policy assuring good earnings on fur basis.

Every fox, except one, is under four years old. I-

I AFTER SEPTEMBER 1914

the foxes will be ranched, and the business of the company will be conducted at COST, under careful and economical management, with the aim of producing the best possible returns onthe capital invested.

No Excessive Salaries to Directors or

. - Employees

_ The management of the Rayner International Fur Co._ Ltd. will depend for their profit upon the div- idends earned on t eir own stock, and no excessive salaries will be paid ofiicers or employees.

The uture of the Fur Industry

is assured, and the RAYNER INTERNATIONAL F_UR COMPANY, LIMITED, with the Rayner name on the front of it. Rayner foxes and Rayner capital in it, and Rayner; experience and ability back of it, is cer- tain of SUCCESS. _

_ The interests ofthe smallest stock-holder are identical with those-of the largest, and every dollar invested in this company will have the same earning power.

A large amount of the_stock is being retained by the Rayners and their associates, for their own

peéfsortial investment,and a considerable amount is being placed abroad where it will advertise the fox breeding in us ry.

Only a limited ainount will be offered for home subscription, and the time to subscribe is NOW.

Further information on request. Send cheque with or er to

A E. H. RAYNER, Manager,

SUMMERSIDE, PRINCE EDWARD ISLAND.

DIRECTORS STATEMENT

We, the undersigned, Foxmen and Directors of_ the Rayner International Fur Company, Limited,here-

b certify that we have personal knowledge of the quality and breeding of the foxes accepted by us for the above named company, and that all of the 20 pairs are as represented in this advertisement. And we hereby

ree with the stockholders of the Rayner lntemational Fur Company, iLniited, that if any one orgiore pairs

Silv Bl k we will purchase the offspring at the

ia-#said foxes should ever produceanything but pure er ac pups, _ then current prices for the best Silver-Blacks, and either replace or pay the full price for the parents.

B. I. RAYNER, President. _

D. G. HARLOW, Vice-President.

Signed, JNO. A. LEA Secretary3Treasurer

E. H. RAYNER, Managing Director. A. A. BLACK, Veterinary Director.

,... 1. _,... ..._.-. ......__ . ....__

I APPLICATION FOR STOCK

To The Rayner lntemational Fur Company, Ltd.

. Sunimerside P. E. I.

Ihereby ap ly ion..." ---- --shares of the ca ital stock of the Rayner International Fur

Company, Limited, fbr which I to pay at the rate oI_hundred ($190) dollars per_ share, _tthre su;

gi . . - _ _ - . . . . - - - - - . - doliars- upon delivery of certificates of said stock to me, in or wi in days from this date. I enclose as deposit on account of purchase price the sum of. -... . ... ... .dollars

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