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_ _r __ _ “ Stochman and Fox Rancher. _» V f _ __ _ _ vi..-Pmiaeni---0.. 0. c. 00.0.3, sniiviiit, N. 0.

Secretary-Treasurer-W. E. Cameron, B. A. (Oxon) Charlottetown

Major A. A. Barllett, Charlottetown, P. li. 'l. '

_ Charles Lyons, Esq_, Ex-Mayor of Charlottetown, ol the Firm C. Lyons & C0.,

mms

A 0 Ovvoffunfo To Get 1~.f<> _

_ 1 Head

V Authorized 'f 1 f

Paidup caipiai illssufed. Capital upipto f _

Value of Shares V 0 _ i V -

Balance of A huthoriied Capital _toil be- Used

Baird of Directors 0 '

President'Mt. Allison University. '

Professor of Economics and Commerce, St. Dunstan’s College,

_ _ Nleliiiliér _ol the Executive ol.Siliur Fox Breeders’ Associatiolr

o . . . :~'.,»~;»._1_v.'-.=_0_'="

President of The Guardian Publishing Co., Ltd Secy-Treas of the Oystermens Co-operative Association of P. E. l.; Secy-Treas of the P. E. l. Provincial Rifle Association.

Coal Merchants Charlottetown.

Solicitors

Hasiard 8: Gaudet ` Bankers

Bank ol Nova ,Scotia, Charlottetown- Vt," ____~_ ' ' __ _ _

°éaN;va Senna, Charlottetown _ __ _ M ._ __ _$01-IN R__ DINl;l1S, tl_ive___l_7_ViZi:_i;_d (_l;.ii_n_cshIertt__;;nii)_PE;'_e;i_ident. ol the (omuuny _

o ii n of Canad Char ottetown ` - ' ' 0 ' V " 0 -.

i' 0. _ l _ lSilver Fox Breeder; Association of P. E.'l., Charlottetown If ~ 1

fV'i"°*i _"l`°'|F|E_ -. _.

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»_"l'l|'eilollo`wiiig'_¢l"_,ii_x Ctinijianiesthave declhrefil dividends to' Illte

-V - - 1iiv`i<_i¢n<i_iiini~V V V " -

Biiniinry, $00,000 azo' $ 06.000

spring 'Park' 00,000 45 _' 40.500 45 Peerless 20,000 V 000 ` 60.000 300 Prdnpect V' _ 00,000 ass 00.000 100 Smith 100,000 40 .$0.000 _ 40 Dnit0'nV 025,000 40 250.000 V '40 Sliver 'rip 25,000 ~ 00 - 23.750 95 Murixay Harbor 50,000 ' 300 100.000 V 200 Magic _ 100,000 112 ._ _ 112.000 172' Eureka 00,000 , 115 0:0500 115 Union _ 190 000 00 _ 114.00" l ' 5°' . Riverside ~50,000` V 225 _' 112.500 225" Maritime _ 40,000 33: 13,333 _ _ _332 ¢'l’al_d- ln~cns|l with one lux still lor auto) V _ ' 1 Royalty _ 00,000 _zir._ _ 210.000 240 Magnet 50.000 aio 170.000 34.0 omoiiry 40,000 20 8.000 20

Pioneer 100,000 225 “ ' 225.000 ‘ 225 .vrrth siiorn 100,000 25 - 25.000 Z5 Rosemont ‘ 10,000 i000_ _ 50.000 500' 'rynn valley 05.000 50 _ 37.000 50 Mnlpeque 40,000 ` ` _(Anil one fox still lor snle.)‘ ' Mi. ioiliviird _ 00,000 220 ' 20

, _

i " *,’."i°\.. '~ » ‘ MV". >.‘»‘_’f‘5i - V.. ‘ii #vi _. "~"._~ " : V. 1* P ’

' ‘ ~ _ _ ` .

'Vitniieif ‘ ‘ .s.iit_hoi-i_ii..'ii> stuck. ~Bni_ius_j 'ifvenigoaih _Vc.n»ii. mqiqmo " 'V I _C_n'l>i`ta'li .Per`ii`ent_~ ' Dividend Peiéziéent-

1 Two of the ab<_>_v;,_Conipa_nies_ Royalty and Mt' Edward,_,_were

ranched by J.. R. Dennis. ,in theseason of1913'_Mr. Dennis' also ranched foxes for three private>Vpartnersh_ip Cos., One of them paid 64 per cent dhridend. the- second 124 per cent and thelast 152.

V ' V (References niay' be had by writing the Secretary, W. _E.~Cal'rier0n.)

l _ . »`_

V_ __ < ‘ ' __

Hisiqiy of the _John R. ninnis Pedigfeed f 22 Reeisfeféid Bhwk

i- . 0 0 _ " . ' ' _ _._ . __ . . V ._ fl '~ il* :1_0‘ - " ~i;1' 'r‘._j= ;V»`.;l--'.01 if Vi'-ltr. V`i."'}..=_‘-1 .iii--.3 l -..~ _ Foxes Limited ‘ V V u F Xe ‘

` » I, .

The JOHN R. DINNIS PEDIGREED FOXES LTD., was incorporated under the laws

of Prince Edward Island, Canada, July 22, 1913, with an authorized capital of_$300.000. The Com- pany at that time owned six pairs of PEDIGREED FOXES. One pair of these two years o`d_ and mat- ed for two years had reared to maturity eight pups, which were sold for the small fortune of $50,000. ThiS pair was valued at $28,000. The other pairs were young of 1913, valued _at $419,000. per pair. This first issue of $123,000was subscribed by October 15th,and the Directors madea second issue of $77,000. to purchase four more pairs of high grade foxes. Six weeks later the second' issue was practically subscribed and as prospects loolged bright for the coming year $18,000. more stock was issued to pur- chase another pair of the famous B OI. Rayner Stock, Alberton, Prince Edward island. The total issue

Of S0001( $_213.000»___Vl{§!_S__§ll_l.2§Q!ih:€1__e1nd fully paid up on December 22nd,wheri_ the Organization Meeting was held in the Board of Trade Rooms, Charlottetown. ‘ - _ __

_i '

_ _ _The JOHN R. DINNIS‘ PEDIGREED FOXFS fLIMl'l`E_D _was _the first Company .to registerfits foxes in the Prince Edward_lsland _Silver _Fox Breeders Association. The _Certificates of Registration Number One to Twenty-two, The Pedigries which may be _inspected in tli`e;boo_ s_of the Fox ers’ Association, Charlottetown, tracethe reedtng of the animals back for three generations to genu- ine ranch-bred Prince Edward Island Black Foxes. (Class The fotuldation stock of the V_DINN&__S PEDIGREED FOXES was selected from the pens of the pioneer'renc_h_U1e_n---Charles Dalton and R; _ ' ._ Oulton, Alberton and from the famous Rayner R.anch_, Alberton, Pnnc_e_Ed_ward_Island. _The crossini of these two noted strains has produced a beautiful vigorous large animal that combines the fineric ‘ lustrous fur of the one breed with the high qualit blood andphenomenal productiveness of the other.

The ancestors of some of these foxes sold for the highest prices on the London Market. (See Account `

Sales of Charles Dalton and Gordon, Fur Farming in Canada,p_1l2.) Moreover the foxes of the Com- pany have all been individually selected for fur quality. fecundity and ancestral records bv John R. Dinnis_himself and Mr J Walter Jones, the Canadian Fur Farming expert latel associated with the Commission of Conservatio Ottawa Ten f r f

- ` ' l' n, ‘ _ o these animals are out of littersYo,iVl61` ;Foui_ rom litters Vof 5. V Three out oflitters of 4,. and the remaining five from Charles Daltoii’sf‘f_best=»breeding strain.”

‘ * _ ._ ' 1- f _i . ” __._""" _ i`

Pro osed Exte sion 1 ` `

It is proposed to add up to eleven pairs of young foxes vvhelned in the Company’s pens during theiiprgsliéntiiieason.'Theviwillibe carefully Selectedifrotii the creaniof the stocki The Company _ ~` I ‘

will then have the 44 pedigreed foxes all Class A, and BETTER in so far as the pedigrees of three generations. I ' ’ ‘ _ ' -_ V' _A ' _ ~ ` " A "

,__ _. _ Q . ~ _ _. i .._. .»

_Grounds for E,;d:_en_sion_ _ _ _ ,V __ _ . _V __ V V _ _ _

_ I_n the opinion of the Directors the best policy is to gradually 'enlarge the Company _Vby.-the add_iti<`.§iif~§'¢>f;"¢_1`9}e1?`lif£flin number ‘of _S.€_l9Ct pai`rs_V -_each yeartill the Industry settles down to a _pelt basis. _ ”

It is a policy which looks to the future interests of the shareh3lders,'and ifjudiciously and persistenly carriediout_willVlplacethe Conipany.-in apositiori to carry on a permanent business for years to come. V' ‘ A large ranch can afford to_ have more conveniences and better equip; __ _ _'t§.V_ _,an sma_ller'_ones,_and at the same time becauseVftheV busin`e§s~can be_`bett'er~organized,' many economies may be carried out in the management and running expenses, including food, salaries, waggm _ ._'advertisiif:i'gf; JV ’M_ofredv'er tt,ie_VJ_Ol-ljNe’R._~ DlVNN_lS_;_ PEDIGl_l-li D FOXES LIMITED with twenty-twr! pairs of foxes 'will offer a

better insurance to the investor than a Company with five or ten pai .Vhere onefsf-investment_is' spread overa large _number of a_n_ii_nals the law of averages assures a stsadier and more certain return _

than where it isallplaced inafew-‘plhlrs _ . _` V0- “ ’ 'j ' `j 'ff j __ _ _ _ _ ' _ V. _ -` ' 0 _ _ , _ '

In the third and lastplace. the'il)INN_IS PEDIGREED F0__X_ alhbeen ._selei`ited, according`tofa;very high' standard. _ 'They are all from the most; prolific strains and are desended __ from '

animals whose ancestors sold__f_o_1'}_the"_ljiij;hest.prices on the London 'mEt_rket. ` The' n`1an=igement’is therefore vervdesiroufs on _r_e'taining_1_the cream of the progeny of these valuable' foxes in the Company’s ‘

&‘&

V V . V ._ _ _ _Capiff=\l1zal1i0n .V V - _ V »

_ pairs of_foi_res-will be capitalized at $493000 or $22.400__'per pair; i'I_`he_ eleven pairs of old gbreeders willbe .worth at-ileast $28000, per pair at the end of thi§_%reeding It is thus

evident when account is taken of the enhanced value of the presentbreediniz stock-of_ the Co.-the additional _ele_ve_n;‘paiVr__s ‘willllVlie'~v,irtually capitalized at $185000 or $16. per pair. _ C'

ere is abiiolutely no organizationexpenses to be' added toV.t_he capitalizationfof the fox'_es_in;;thg__~.Qpmpgpy_.'=',__¢;,-__;_.¢i_,<,,j _V -_ __-_Qi r,`, ,;;."_`g¢ _. _l 5 _ _ _ ’ _ ._ 1 5 '

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Sltiusited _aa tt_ls on in wooded top _ltflii ideally located for a lox Z_‘_'_ . V "IV:

home. -The. natural drainage ol the ground' is-good so that. there ls nu 'gfrif ._ '

danger eil! spring treehote salntal to you_n5__f_ox_es. The nlr is always pure ,_.___,___&______ __ ;___‘___f _

and tres, lor the winds which sweep the lffll-{'op carry hwny nil hnrmmi _*_._.f... Pay-min 1_0_p_ c__on_

B00 015551098010 odors nnd t\lm'bls`tlie_,e llltng logs into the valleys ` and purcha”

below. The tact uint Mr. ninnin _iini",,;,,,"Vl;,;,",§‘ ,, ,,,,,g,, ,Ma 0, skkmss ;-_~_ . _ - 'V »

‘"“°”! hi" “nlmall °l“°° 0° 0005i-*the present much (three years ago) -_ ' lop’ c’ on August Fir5t~ fone in sutllclent. evidence ol the healhhminqg 0| th, ranch and slmmmd. in |11; _ ».l » inn. __ _ i ` ‘ = 80 p. c. on October First. hm 0

There lu a stall ot expert and trustvldrthy men `on the premises ' , < , i . - _ _ V ‘_

wi... .mem ui. won. .ii maintaining and g...i~ning_ uni men. scanning _ Any further information may be obtained at the Head f V- out pgoiptgpntly ls the night-wntchman’a house which overlooks the Omce ~ ` ' _ °- Q'

ranch and the public road. Bupplenonttng the eye ol this ollloei- is _the _ » . _ _ vigilance oi another watchman whose especial bnsineia it is to - ` "' V . pm-qi the nineii. 'rum an 1.w¢iv._i»i-iiiinni. aimrie ii lit. ini- I t P E I -

rounding the ranch which are turned dn every night and tn their bgrllllanca O _ 0 _ 9 li V

trader wol be 0 a eo ‘ V - '

any in u d rath i- neplouous obleet. . ` `

- ~ . ._ ~ V _ n

0, 0,. g,,,,,,,,,_ _ oi_'by_writingVthe Sec’y Treasurer . ~ mn. '°-u ‘

_ mum ma mu” M-__ _ . _ __ _ - ' ofthe euoeelliiili

convenience that ln- __ ' V

stenehsaf nrtlieir E _ exercise are exoep °` °‘

lblolute edm-

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