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Subscription list Opens 22nd AP!" and ehka 3rd' May at I2 0’¢ltlo\‘ noon

ltttge of First Preterredi E i _A tive Stoeli at the Q

Nova Scotia Car Worgks, Limited..

tlncorpostex tFttir£e,.t. Wil.) A

' O Authori d lltllfd-C

riitsr i»itEt~i;ititr.i>1|..¢. c.......i.ii..si...i.. §..i......i.i¢.iiio,¢.5i.itmi-.i¢ii nv.-., ,..,si.ooii,tiiti , Sttlttuiin sccosn i>iti;rriti_ten1p.c Ni... c.......i.ii..».', ni., it..i......i.i..iii p. ... 259.1190' " 220.600 Tritium riterizitiuziit,..¢.it....c.......i.iiv. soo,oott 545.200 comics srocit....,..........._.W t.2sti,iiiia M250-U0

Dll!E`i'.'l'0lS; `

U. E. L~».\ll`l`ll, Director I-lststcrn Trust Compiiny, llalifax Electric Tramway Company, Eiistern Canada Savings

:intl l.ii:tn Co.-Presiduiit. `

I-`, ,\l liRO\\`N, t`-eiiernl Manager. Halii`iix--\'icc-Presicletit. ’

_l. \\'.»\l.'l`l-lil _-\l.l.lS(`)i\'. Director Bunk i~t` Nova Scotia, Nova Scotia Steel Gt Coal Company, etc-Halifax. l-'lt.»\.\`l\' S'l`.\.\' l"ll<Il.D, Director Nova Scotia Sli-el & Coal Cnitipany. Vice-l‘resitlent S\anfield's, Liniitetl--

'l`riirt\, N. S.

j. R. DUI 't1l..»\S, Dlict-iitr lute Rhodes, Curry Q Co , l.td., .»\niherst, N. S. - Al. liiit)L)l{FlEl.[). llirectoi Halifax Graving Dock Company, Eastern Canaria Savings N. Loan Co., etc-,ig

l|:t|it`aX. i\'. S. . '

` _I lil. ROBINSON, Director late Rhodes-Curry Company, Ltd.-Sl. john, N. B.

W. CLAYTON, of Clayton Q, Sons, Halifax-Ha ifax, N . S.

AN REW M. BELL, Merchant-Halifax, N. S.

J R. LAMY, Director late Rhodes-Curry Company, Ltd-Amherst, N. S. HEc't‘oit M¢iNNEs, Direct... Batik of Nova septiii. etc-iiiiiiriix, N. s.

F. B. i\lcCURD\’,` Director Halifax Electric 'l`ramway Co -Halifax, N. S. BANKERS. BANK OF BRITISH NORTH AMERICA-Halifax, N. S. TRANSFER AGENTS. THE EASTERN TRUST COMPANY-llnlifax and lilnntreal.

» 't`lic niiiuiiiit i»t` lfirst Pri-ici-red 7p. .~. Ciimiibitivt- Stock oR‘ered is $i95,ooo, the balance ol' $405,000 ofthe issue has been taken “l~`irm" bythe underwriters.

_ _ SliBSCt¢ll?'l`|0NS ADDRESSED EASWFN TRUST COMl'ANY

Wifi rif. RECEIVED BY. The Bank of British North kmerica, The Eastern 'l`rixotCom any, F. B McCnrdy (D. Co., llaliiax. _N. S.; J. M. Robinson Q Sons. St. John, N- B. r/.in-ri-.il and Moncton; F. B. Mcllurdy Q Co., Montreal, Sydney, Charlottetown and St"Ji1hi't"|‘, Nild.

, ~ ON THE FOLLOWING TERMS:

sitio. Par viiiiie 1 . ii; nrst _rr¢i_i;mii: sumti ’ 75, ommon= ` 57.55'

' " ,: ",.,___ ` _" ' 'I ' IF-I _ .

Fractitiiial t`onimon Shares under this application can be bought or sold at the option ofthe purchaser at the rate of $20.00 er share. O _»\llotinc'its will bc uiade by The Eastern,'l`rii.-st Company and will be an far as possible “pro rata" on all applications receive .

The Nova Scotia Car Woi-its, Limited, was organized under the Nova Scotia Joint

~ Stock Companies' Act, ioi i, to acquire and take over as it going conzem the assets and

properties of the Silliker Cnr Company, l.imi'cd of Halifax, N. S., tu extend these tvnrks

hy adding 2 Sit-cl L' nderframc Plant, and other necessary additions, and to operate the

iixliitlv. with itnipli; ivorlzing capital. undcr expt~rii:iii~e'cl and capable management.

Tr. ~.

assiée"

H Triiiiskiiiiiing Q. Ni.rthern Ontario Railway. -

»`~

~.

.\li2_<si:~. lf. ll. McCi‘i<i>v 3; Co., H.\i.iif.'\:<, N. 5.

Dc-fir Sirsr-»

PROPERTIES

'l hi- Lninpat'iy's plant is loc:ili»i.t on it superb site co\ ering some twenty-levin acres ofland in the heart ofthe

,,.,,-,hwegierii poriimi nt the City of llatifax, on a siding of the lntercoloniiil Railway. ' The land on which the buildings

have hccn ercctcd was xirqiifrcd un favorable terms by the Sillilter Car Company at the time ofits orgstiizittion in`t9D7, -'ind is siitlicient iii :~.ii~;i tu at low of additions to the plant for an oiitpiii of _<,i\on cars per annum. _

’l`tie Buildings .uid Plant -.ue .ill modern in design a\'.d'\\eie \\-ull latitl out :uid etciioniically i‘onstit.cteii hy coin-

peteiit eiigiiici-.rsi. ' '

TAXATION

l`iiilcr it spcciitl :irraiigctncitt with the City ni ttitiittiictlit: i`ity in |907 loaned the Silliltcr Cm Company $i25,nnn

:it 4 i~z ia. c, iiiieiwest, rcprtyulilc in zo annual instalments, which loitn has been assumed by the Nova Scotia Car

J \\'ni-ks. Limited, aiiil thi- instulmciit payments continued. The exemptions from taxation which the Sillil-ter Company . enioy ' ‘friini thi- City of llalifax hn\'c.been amplified and ifxteiided to the Nova Scotia Car Works, Limited, by Special

Act of iii- l.i~_i-vislittiirr of Nova Scotia, by virture of whit-li they are granted absolute freedom `_frornCity taxaliiiit :ind :tu ztiint' supply i\t`5,ii.iit,i>i\n gallons of water free until io]i.- > \ I _ = .

r

The Compziiiy num ifs am r ng its ciistoiiiers;-.f

Canadian N rihern Railway.

lntercnlonia” Railway. Anglo- New o.iitdlnnd Development tHririnswortli) Cn.

Wi: have found it fricnilly disposition aiiioiig the big railroads towards otir enterprise.

now lic l"lVL` cars pci' titty.

I U

I hug to give you the following information regarding the hiisincss of this company:

‘ ' ‘- " The present and future railway extciision fnrced_by the remarkable Canadian developiiient, .and the we-.ir :indterir of heavy freight haulage ensures ati urgent andstettdy deitiaiid for cars.

aNot ut any pitwioiis tiiiiie has the market tor riulway cars in Canada appeared as favorable as at the present. ,

_t ll

Two yr-:trs ago the then existing inauiifactnrers of freight and other-cars in Canada combined iii the “Merger” known as thc “Ciiiiadian Car and Foundry Co.," with its central sa `

iuciil at Moiilrvitl, :intl since the forin_atioii_ of the “Mcrger,’l the market for cars has been much steatlier than fornicrly. mg.,

\\'='f lt11\'¢‘ “tt llillld at Pfeieltt Orflcrsfar upwards of 1750 Freight Cars, and assurances of further large orders so soon as the present contracts are cotupleted. ' tlwiiip; to the liifiivy iiccan tonnage ' _ *ding at Halifax for Western points, we are enabled to deliver cars to our ctisttiiiiers "under load" thereby avoiding delivery charges on our mi

wttii ing to the L‘<»iu1':;~ii~' the full advantage ot the geograplilcal position of Halifax asan assembling point. ,

_ . i - nivinrsn Eltggisg citiuicifrr. `

/\n otitpit uf 2,oo'o Freight Cars per aniitnti can he reasonably expected. This output should ensure an ettrning capacity its follows: -

Net Profits on2,onn Freight Cars.................. ..................$160,000 V Dividend of 7 p. c. on $600,000 First Preferred Stock . . . ... . . . . . . . . . . . . . . . . .. . ... . . . . . . 42,000 J

F.qiu.-il to the full 7 p. c., on the Second Preferred, 6 p. c, on tlie Third Preferred, leaving $80,830, ovei' 7 p. c. on the issued Common Stock.

'l`lie`preseiii T/lanagement assumed control of the Undertaking on February ist, last, but the _assets and properties were not formally vested in the Nova Scotia Car Works until Feliriiary 28th. -

t‘ in March tgtii iii.; began to ship cars and our regular output since that date haslieen FOUR box cars per day. Our shipments of Southern pins ardnow arriving.i,,,v¢|“m¢.~¢m| ,-,“,..o“tP,,t Wm I

l he :titditir»n:tl machinery for the existing shops will begin to arrive this iiiniith. We :ire arranging to have it' installed without delay and, beginning in june, our output will steadily increase

niitil wc reach the Maximum Capacity of the Plant. ,

‘ Yours faithfully,

Mr. F. M. BROWN, late of the Dominion iron and Steel Co., Ltd., who has ext¢0iiV¢

miicliauical and commercial knowledge and expoitieitce; has contracted to serve the Loui-

pany as (ieiieral Manager fur a. terui of yours, and has been elected Vice-President ofthe Company.

The Board nl' Directors includes gentlemen of extensive and vurieil experience .ti iiiniitifiti-tiiriitg in Nova

Scotia.

.c ...A - <7. DES'CR|P'l`l0N 0F ~TllE .B~`llSlNESS> ~

V Mit. l~`. M. BROWN has written the following letter regarding the lnisiness and prospects of the`Nova Scotia Car Worlis. l.imitcd:-'-- _

_ NOVA SCOTIA CAR WORKS, LIMITED.

liAi,ii<‘.tx, N. 5. Arkii. 20TH, 19|!

CAPACITY

When the extensions now nutlcr way, including ttiti cotiatrhciion ofthe Steel Undefframe Plktnt, and the stren th

ening ofthe Fotitiilries, Machine Shop, Forge, ,;Car Mill, inc., have been completed, the §l9|jl¢Q\\ill- ll_8Vl‘ it C8PitCil§’ Uf fifteen Freight Cars pcr day. The Company also has it large and up-to-date Wood-worki Fafioryi

The Plant is iiioilern and well calculated lor economical operation. In addition tot e iitnntifttct-tire of Cam- .1

large business is doite in the Wontl-working Department. and in the niitnitl`act'ure of Cnr W oels, Castings, and other

lrun :tnii Steel Prtidiicls. “E

, _INSURANCE

'I lie properly is itistireil to no per cent. of inti against contingent losses by tire nr ollier\\'i.':e-

. SUPPLIES

` Halifax is situated in the Centre of Supply zifialid th' _e 'l;i`rEe2i l`im\ier Market in Nov t Scotia. The Company is therefore giiarunteeil it full supply of native woods at loW`prit‘e§`, and beingtsittimted at an lce F1-eu Pot-t, is enabled to impiiri Southern Pine, Oak, Siriivturitl Steel and other materials at iiiiiet fa /arable prices. Its' proxiinity to' shipping points also insur`eti a cheap fuel supply and its nearness to Sydney aiiil other Steel anti iron Centres ensures a supply of this class ofinatcrial at a low cost,

LABOR

A very eliicieiit clans of labor is obtainable, can he had in :ibiiiidaiice anti is reanoitallle.

i . H ,_ MARKET FOR CARS

' llalifax Electric 'Irani\\'aj‘. '

Grand 'l`riink Railway. Cnnt=ltliurt" Pacific Railway. ,

i o¢¢.»»»¢ .

Qi i8,ooo -

(Signed) F. M. BROWN, » ~

Vice President and General Mana er

. _ gf _ _

` " ~_- .»........ -i _-and t 1-t ' `\ up -i ' ii-i ;i'e-‘su-i iii- -it li- noun n, punt In -nina #tri P

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i~'itiANciA;i. ARRANGEMENTS Aint citsii Atitizitnr invtsri-:ii. _ secuitm' Ano rnosrtcts.

On its orgaiiization, the Nova Scotia Car Works, Limited, issued for the purposes of its busi-

ni-_.-_q g6i.<»_00o First Preferred 7 per cent. Cuniulative Stock. Redec-mable at rio p. c. and accrued dit~it.iciid-. tindcrwriting nfthis Preferred Stock was iiinnediately. completed, and th_e' proceeds' are available for the p,,,p0_.,@5 of the Company. Approximately $5oo,ooo cnsh_ had been invested in-this property l.-"RF.\'[Ol,’S T() the cxpenrlititre of the proceeds of the present issue of Preferred Stock. Tm, 7 1,, CA C,,mu1,,,i\.,. Dhidmd 0,, this Stock begins to accrue to purchasers as at May ist, 191|.

T-he success of similar undertakings established in Caiiadtt is so well known that it is tinnec

essiiry to give details of their operations. Having regard to the statements set out above and ¢\,

urgency of the demands for Rolling Stock in Canada now and its probable coiitiiinniice for niaii y

years to come, it is apparent that the prospects for this enterprise are particularly proiiiisiiig.

Prospectg and A_g>gk¢hti9n Form? Will: lije supgiifdi op: aBpl§atl2n‘ to any of the above diggs' C

MEMBERS MONTREAL S'T0`t’.l(» EXGPIANEE. a

siocit Aim' Boss iiitoittits

HALIFAX, `MoN'ritEAi., svoNEv,oi_Ci~1AnLoTTeTowN, s'i‘. Joimis, NFLD. '

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