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Sh areholdersff ppreciation

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P Hundredsof shareholders in the “Provincial Silver

Black F oXes,Ltd.” received during the past week through the Royal Investment Exchange a cash dividend of

Forty Per Cent and a further dividend on this

year’s operations will be paid in due course.

rv 3 '

THE AGNEW RANCH.

»"°” PAGE six "~ it ” 'riia cHAiiLo'i"rE<i'owN=cUAnoi.in~='1~ f i- i ~~ ~ W SEPTEMBER 28.'-4

Many old established industries have been -obliged

to pass their dividends owing to the European War, and the fact that the Silver Black Fox Companies are pay- ing their dividends is sufiicient proof that the Industry is now firmly established and is rightly termed .

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-»-.,-.

' HON. JOHN AGNEW

President Royal Investment Exchange

Une of Canada’s Great National Assets. Read what our stockholders have to say.

Results Count.

The original copies of these letters and hundreds of others of similar nature may be seen at our ofiice at any time.

Montreal, Sept. 15th, 1914.

Dear Sirs:--_ _ _ _ _

_ I am in receipt of your_letter, a_n_d dividend cheque, which,

considering the present financial conditions, certainly exceeded my

expectations. Thanking you for same, Believe Me,

Yours very trulyR

W. M. _

‘ Cambridge, M:.iss,, Sept. 22, 1914....

Dear Sirsz- _ ` 1

. . _ .I beg to acknowledge with thanks your cheque for $400.00 being Forty Per Cent dividend. May I express my appreciation of the management of a coinp'.iiiy,which can produce such good results at a time when the outlook for business is so dark elsewhere? I should be glad to re- ceive a I-’i'ospectus of the “John Agnew Fur Farms, Limi- ted.”

Yours sincerely,

\\'. Ii. K.

Boston, Mass., Sept. 18th, 1914

Dear Sirs :-

I acknowledge with pleasui'e and thanks your favor

15th, enclosing cheque $1,120.00, being' Forty Per Cent dividend on my twenty eight shares in the “Provincial Silver lllack Foxes, Ltd.” I also note a fui'ther dividend on this _veai"s operations will be paid in due course. The exhibition of these dividend cheques by Boston stock- holders should have a stimulating effect and add impe- tus to the sale of Fox Stock.

Yours sincerely,

'r.1-‘. "

New York, Sept. ltslli, 1914.

Dear Sirs :-

Your kind letter of Sept. 15th with cheque for

$200.00 received, for which I thank you. The dividend of Forty Per Cent I assure you is most satisfactory and must show good maiiageinent. I will be pleased to re- ceive another Prospectus of the “John Agnew Fur l"arins, Ltd." __)AiA_______,

' Truly yours,

K. J. (ii.

Toronto, Ont., Sept. 19th, 1014.

Dear Sirs :-- _

.Cheque for Forty Per Cent. Dividend received. I as-

sure _vou every cheque you send West will be a delightful sui'pi‘ise as dividends from any source are very scarce these days. Your (`ompany will certainly 1'cceive grati- tude froin the sharelioldcrs. Thanking you.

Yours faithfully,

1". _-\. R . . . . . . .. .

_ An opportunity to participate in the profits of this Industry is offered to you in the “John Agnew Fur Farms, Ltd” which

is a sister Company of the “Provincial”.

Now is the time to invest.

New Glasgow, N. S., Sept. 17th, 1914....

D ` :- ~ earYS<liIuSr letter 15th with cheque for $80.00 received,

for which I am very grateful. Please accept my thanks.

Yours very tfully.

lla in I

',n..i...0uii., N. s.. sept. wth. 1914.

Dear Sirs: _

I am in receipt of_your_ letter of 15th withenclosed

cheque for $280.00, being dividend on seven shares, for which I thank you. I also take this opportunity of con- gratulating your company onits success during the past year, and wishing you anothei1~bannei‘ year in 1915. I remain.

Yours truly,

Jn 'In

Halifax, N. S., Sept. 22nd, 1914.

Dear Sirsz- . "

I am pleased to receive dividends. Forty Per Cent

is very satisfactory. The people who have been holding back from investing in the Silver Black Fox Industry will feel like taking hold now.

Yours truly,

B .(i`i. H.

Boston, Mass., Sept. 21st, 1914.

Dear Sirs :-

Yours September l6th with dividend cheque for

$200.00 enclosed, which is very good and rather more than I expected, showing that your management is in honorable hands. '

Very truly yours,

B. N. H.

Baltimore, Sept. 19th, 1914.

Dear Sirs:- _

Yours en closing Cheque $1.000 for dividend receiv-

ed. I ass_ure y_ou we appreciate the size of the dividend. It is a great satisfaction to feel that competent men are conducting the Fur-F arming business. Wishing you continued success.

Yours truly,

T. A. C.

West Roxbury, Mass., Sept. 21st, 1914.

Please accept m thanks for chegue for Forty Per Cent divi-

dend received Satur_ ay. I_tell you it_ looked dgood, coming at a time_ when _so _niany industries are paving a ie uced dividend, or passing their dividends altogether. It speaks well for the finan. cial soundness of the F_ox Industry. Thanking you again for your promptness in sending cheque. -

Dear Sirs:-I

Yours truly,

R. A. W.

The Royal Investment Exchange;

Boston. Mass., Sept. 1911i, 1914.

Gentlemenz- _

I am in receipt of your favor with cheque for Eorty Per Cent

dividend enclosed, and note that a further dividend will be paid this ylear. 'I` his is very gratifying indeed,and Iappreciate it very much. our agent represented this Company very highly, but _I do not think he said enoughlabout it. Have you any more o_f this Stock to offer the market? Some of my friends now would like to get in. Thanking you again, I am,

Respectfully yours,

S. A. S.

(fliarlottetoivn, Sept. 24tIi, 1914.

Gentlemen :- "M

Your cheque for $400.00 received being dividend of

Forty Per Cent on my Stock for which I thank you. I. congratulate you on being able to pay at this early date twice the amount guaranteed by your Rancher, and when we receive the further proposed dividend you will be carrying out the estimates made in your original pro- spectus, and the Company that can do that under the present financial depression I feel is on a most iirm and stable basis. I am sure that your patrons are moi°e than pleased with this year’s result. I remain, i

. Yours very truly, _

K. J. li.

Cliurlotletowii, 1'. li. I., Sept. 17th, 1914.

Dear Sirs :- .. Yours 15th received with cheque enclosed, being dividend of Forty Per Cent, for which I thank _you and your Company. May they still prosper, and no doubt they will under such good management.

Yours very truly,

\\'. \V. C.

__ ‘ _ , _ Providence, R. I., Sept. 21st,.1914, ~

Dear Sirs :-

It gives me the greatest pleasure to acknowledge

the cheques received on the 18th inst., and am very grateful for same. We did not anticipate such good re- sults, even in our most sanguine moments and the good news was more than welcome. Kindly send any reliable information at hand, as we may wish to put more money in this reliable business. With thanks.

_ Very Truly yours,

` J_. Rf.

eiuiwii, sept. zoiii, 1914.' _

Dear Sirsz- .

I have much -pleasure in acknowledging the receipt

of cheque for $40.00, being dividend for one share, and am sorry I have not iiioi'e shares in your Company. '

Yours truly,

_ M. M.

Offices: Royal Bank Building : : : : Charlottetown, P. E. Island _

Hon. John Agnew, ._I_ohn O. Hynd_man,_ _George _D_el_3lois, William E_ Agnew ~ »_f.-.iii

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DIRECTORS:

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