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THE GUARDIAN. CHARLOTTETOWN

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.0 ,. Washington. sale

xi" "Hires ugilvci-blue met brisk NEutI;1(l.lll0ll'.: with top color and dgmllal. Standards and P519? WW uuitglylniilk. A small but excellent SJIIQCIIOU of sapphires from War- ipulv Farm sold at very good ”,.5,,,(.;- 42.000 ranch mink were of- Pmd mid were -12 per cent sold nt 0 I”-;.'(t rliailge. Fine males I:-"nllolii from 523 to s3ll.50; fe- mm: sii to sift; ordinary males. Nip; 523; females. S10 to SM 05 nle mutations l2.000 pastels were -.7 per cent sold. no price change: '1-nno Aleiltialls were 03 per cent gjld at 5 per cent advance: 3.000 5m.,l,llls were 90 per cent sold. M cimivzec i.000 Breath of Spriniz. 92 per rent sold. no cllanget 300 '5...-mlii-rs were 43 per cent sold at market.

. . .

li'o:uell's Wear Daily. New York. .,.nortin: the Canadian Fur Auc- tinll Sales Company (Que) Ltd.. mlch nifm.-' sale at Montreal has ,5... fn!'nwlng: "The catalogue was mlxll;-.ii,x' large. numberillz 45.845 skins erl-iusive of 2.755 low urades. and was ohvioiisiv too much for the trade to digest at this time. Priors where sold were somewhat easier tiiail In December. Buyers showed caution in taking merchan- dise. beinr: handicapped by diffi- culties in oettinr: deliveries ofpelts Him the dressing plants ill New York as a reslilt of a slow down strike The demand centered on mmmny female types and better qli.'llill' luziles and as shlpnerswere ml dispoelvd to reduce selling ele- ments alld meet the sales room ideas it was necessary to withdraw or buy lsaek n larrle percentage of goods. Prices for males evtra dark. ranrzed from 517.50 to 5'2? and for extra dark and dark males. 317.50 to 523: females mnstlv Tl'In'YPd he- llvppn 30 and Si? where sold: low l:l'.'iCl0S mink found a market with local llialulfaetiirers' prices rim- lil.'l'.' as high as 50 for ranch mink twos. part dark, and up to 310.21 for pastel mink. Dealers interview- .-d in the stiles room were by no cleans pessilnistic. expressing the view that the sale did not rrive' ll true picture of the ranch mink sit- uaiion lult was a temnorarv con- d'tion adverseiv effected by the pre- iinuslv mentioned (ll-essers' strike

. . .

The Fan.-adlaii National Silver Fox Flrendr-rs' Association. Sum- merslde. P.E.I.. reporting for the

above auction sale on silver fox and mutations has the followln'z:- A total of l.'l6i':6 fox was catalo':- lied with the following clearances re-worted: Platinums, 50 per cent: Inferior Platinums. 50 per cent: Pearl Platinums. 55 per cent: White Marked Silvers. 45 per cent: half to three-quarter silvers. 50 per rent: selected fiills ruostlv luwnld: iw:illlii- silvers. 35 per cent: infer- lors. fall per cent; low grades. '73 per cent. 0 0 O

Fiilyilu: was largely for European Accounts with the U. S. A. and Canadian trade shmvinr! little in- forest in the article. Prices were all a lower basis than those of a rear azo except on pearl platinums and the better platinums which mid on 8 quality basis similar to that of a year ago. In standard -'”l'0Y Wires the darker colors were -"WP lmlllilfir. selected full: and ordinary oualities in paler colors were mostly unsold. Strong price jslstailce was evident even in the darker types.

0 O

The same Association reporting 3" "if Ulndon. Entzland. sales for anlmfll Showed Canadian consign- ments of silver f x and mutations mostly withdrawn with prices for

1Jl1i!nV2a";n-er cent compared to Jan- b;”-- --ii. Pearl platinums and ml PF fiunllty platinums of good . ors received good competition.

smdlnavlan ronsliznmenrs dcclin-'

S00-000-0-04-000-0-00900000000 TIIALEY NOTES OII 'I'OI'IOS

OOIIIIEOTEII VIITII

Silver Fox and Mink Farming

. .0 00 0 0 609606-O0'94'&OO-O94-G04-f9-94904

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At the final mink sale of the Danish Fur Auction,mutatiqn mini: wcre reported as selling well with an average price of 200 kroner (320) for pastels. and 134 kroner (319) for silverblus. It. was re- ported that 10,000 skins were sol by private treaty. - O O I

Women's Wear Daily. N. Y.. has a feature article by Ed Stanton entitled. "The Other Side of The Story-Mink l7l.ancllers' Life and Financial Returns not all Gravy. say Nation's Fur Farmers...For all the fur manufacturers and dealers - and some retailers - who at one time or another have envi- ously said, ioh, to be a mink ran- cher' a neutral observer suggests a closer look'.''

0 0

It is a popular misconception of many men. mostly those who have never visited a mink rancher or looked at his books. that it costs 310 to raise a kit (baby mink), and that he averages 330 to 340 or more per pelt. Those who have spent some time watching some of the 6500 full or part time mink ranch- crs at work know that it is the .grcat exception to the rule and they are quicklv educated on a number of revealing points. These are some pertinent facts regarding the situation.

. . .

Costs of feed have risen rapidly ill the past ten years and are con- tinuing to do so. As an example. horse meat is a vital part of the mink diet. Not. mnnv years l'i'!0 zi rancher paid as little as 35 for a horse and sold the hide for the same amount. The only cost was the processing. Today the averarzc cost for a horse is sac and the rrincher gets about .s7.so' for the hide. By the pound horse meat costs about eight cents on the av- erage.

O O O

Other feed costs. ccreal..llver. etc.. have gone im as much as foilr times the cost of ten years ago. Labor is much higher than it was. A mldwestern rancher says he nald 52 a (luv and is now payiliv. four times that much. This in- crease is said to be similar in oth- er sections. Prices of other mater- lals such as wire for the pens. re- frigeration units and other items liave increased foilr times in the past ten or fifteen years.

0 O 0

Tile total cost of production in lfl.'l'.' was about :5 to :6 per mink: llv l0-12 it had risen to about st) to 010: todav it is estimated from sl7 to sill. At today's estimated cost of production a great many ranch- ers will lose. money on many of their standard females if they don't make it up on their males and whatever mutations thev have. they will go out. of business.

I I I

Regardinlz the price ranchers re- ceive for the pelts in the market it is pointed out that a very small "OTCPMIIIIE not "fancy" returns True there are a small number of "name" ranches which produce mutations that bring 350 or better for best male skins, but. for every one of these there are hundreds W110 KM 520 tr: 5:40 or thcreabouts.

The females of course usually bring about half the price of the males. How many big ranches are there in the country? It is esti- mated that less than 2 per cent of the total misc 2000 mink each year: about 20 per cent raise 5000 or more and a very few raise 10.000 or better. on the basis of total United states production which is between 2 million and 2.500.000. the average ranch production is be- tween 325 and 350 kits 3 year.

I O I

To produce this amount arancher needs apprnxlmatelv 100 female breeders. The ranch in this cate- ROFY is only a part time fur farm- er He usually has in job during

KINII Eilili i

COFFEE

illulvs Fr:-.sli

e QOQOO 0

44

PROPANE GAS

-"0I' Hot Water Renting. Wokiniz and Cabin Heating.

Non-Poisonous - Clean -

E . This o?."(i::i"' N"

Sold by '

STANLEY, SHAW &' PEAIIOEII LTO-.

Distributor: of Mcclary W30 Gas Range mom

lhe in gambling on

the day, has his wife and children

route for the mink while he is at

work and he takes over while he is at home.

V I 0 O Mink ranching is a one-my. per-year occupation for most,

When the rancher starts his breed- ing operation in the early spring the market eight to ten months hence. the ris-

'ini1 feed costs in the interim and

ion the possibility of disease or food

poisoning or other disaster strik- ing his mink. If distemper or some other disease hits him-and it very often happens in Julv or August-his herd can be wiped out before it has any value. Food poisoning can play havoc with the rancher. so looking at this side of the mink rancher's life-it isn't all gravy. '

Foil THE BEST ill lllllIGST0llE llEEllS . I Shop At

M

-Imumio-Au-noquoouulnu im-

.-.

Alterations

IIITI - WA!

CLEANERS 'l'Iiono 2387

"S (It. Goo. I-it. .. pg... 3.

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I

0 -NEWSY

it

The Land Valuation Board

The valuation of property for school assessment purposes. was regarded by many school trustees as R nlinor function. and one that they did largely on the basis of the requirements of their school district for, school purposes. The assessment officers changed and the new trustees were given the previ- ous district assessment roll. and very little instruction except that by September 30th it had to be co plated and returned to the De- partment. of Education.

Adjacent school districts with similar farming communities had rates that varied all the way from

as the statement implies. because

was usually one that had a high property valuation, with the high mill rate R. low prop- erty valuation. and as long as each

the average

buildings with known values, how- ever. were often assessed much higher than equally valuable bilild- lngs that had been constructed some years earlier.

When it was decided to estab- lish larger school units. it. became imperative that some ilniform me- thod of land valuation should be secured. To overcome these diffi- culties. the Department of Educa- tion secured details concerning the standards in use in most of the Canadian Provinces. These h."” en:-efuiiv studied and on May 12. 1049, the Executive Council ap- pointed the writer. Consultant and Instructor in connection with the oruanizatioll and training of a land valuation bnarrl referred to in Section 133 of "The Public School

Act". as amended. bclnrr 4 George :VI. Cllil. l..--To nrovlde for the

uniform and equitable valuation of

real property.

l Consultations.

The Minister sent him

that in recent years had been built up with

Park. These hwnshins lnrrze areas under mixed farmin! He worked with the valuators and

of Viunieinal Affairs. the Hon. G D Dunbar officers elf his department. also MVP freely of their time nnd ex-

Vnluatlnn Til-ard to avoid

years to overcome.

ance of the Assessment, sioner of the City of Toronto. Mr

urban real nronertv. He went with them tolthe Court of Apneal. and heard several assessment

experience thus possible to recommend tion of a uniform system of valu-

ihat in use in the lar':cr Provinces of Canada. but prepared to meet the immediate needs of our agri- cultural Province.

Regulations.

in 1949. the Executive Council allthorized-Regulations made im- der the provisions of Section l34 of the Public school Act previous- ly mentioned. Regulation No. 3 reads as follows:

"(ii Sublect. to the provisions of this section. land shall be valued at its actual value.

"rzi In nscertalninil the actual value of land without buildings thereon. consideration shall be xziven to the present use, location. revenue. normal sale value and any other circumstances affecting the value.

"((3) In assesslnez land having buildings thereon the value of the land and buildings shall be ascer- tained by izivlng consideration to present use. location, normal (:05: of replacement. normal rental val- ue. normal sale value. and any other circumstances affecting the value. and the value of the bilild- lnizs shall be the amount by which the value of the land is thereby increased.”

Board Personnel.

The first members of the Prince Edward Island Land Valuation Board were: Mr. William 13!. Mac- Callum. a farmer from Cross Roads: Mr. Vincent Leonard. with experi- ence in the valuation of both rural and urban real property. and Mr. Walter Currie. who had many years of experience with land valuation. These men were given intensive

ttrainln-2 in land and building val-

ves. The services of Mr. James nlaclrwell. an assessor under the Department of Municipal Affairs for Ontario. in Pickering Town- ship. near Toronto. were secured. He came to the Island. and helped the Board solve some of its most

I

O0MPl.E'l'E' VISUAL - BEFRAIYPION Ind ANALYSIS

G. F. I-IUTCHESON

& SON

Optometrist: S8 Grafton St.

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- By J. A. Clark. 13.80. M-GWQ40QzrGO&t0&00QeO OsC2GO-3001

6.5 mills to a 20 mill rate. This. however. was not quite as unfair

the district with the low mill rate

and the one

school district was a separate unit. assessment did not cause any great hardship. New

to Oli- tario where conditions were similar to those in School Unit No. 1 lie visited sub-divisions of farm land

urban residences similar to those in Parkdale and Spring also had

Simcoe as they vallied real h"4'Vll- ertv in hath old and new settle-

Ws doputv. and many

eerie-nee to enable the PET. Lauri many difficulties that had taken them

With the cooperation and assist- Commis-

..1. B. Gray. he was eimhleel to secure advice and very vnluahln ris- slstanee from several of Mr. Gray's chief officers. re the valuation of

(VASES tried and the iudgment given, The gained made it the adop-

ation similar. ill many. ways, to

.

NOTES -

difficult problems. by going out with them in their valuation work in School Unit 1. Mr. Blackwell is now County Assessor for Went- worth County. with headquarters at Ancaster. Olltario.

Valuable assistance was given the Board by the experienced and qualified officials of the Federal and Provincial Deparknents oifAg- riculture, and farmers. regarding land values and building costs. Architects, building contractors and forcmen were not only consulted regarding building values. but; they worked with the Board as standard unit values were devised and es- tablished to secure equality and uniformity as the basis for a val- uator's manual for the Island. This Manual is a guide only. It consists of 114 pages. classified and indexed. using coloured dividers for ready reference. and in the hands of trained valuators, with good Judgment and common sense, it has helped the Board compi with the definition of Judge Gor on of Essex. Ontario, regarding land val- uation: ”All property should be fairly. honestly and decently as. sessed for what it is reasonably worth."

In September. 1949. the writer was made consultant for the Land Valuation Board, andhas been av. ailable, when needed for consulta- tion and the direction of this im- portant work. Up to January 31, 1952, ninety-six school districts have been evaluated by the Board, These have included five incorpo- rated towns, three incorporated vii- lllges and seventeen other villages. Mr. Vincent Leonard resigned to take a. position with the Connolly Estate. and Mr. Charles Walker of Caledonia was taken on the Board. In 1951. Mr. Arthur 0'Shca of Iona was taken on as an appraiser. Up to the present time no appeal from the valuations of the Board has been made by anyone.

Happenings flf Nflielweek

Continued from page 2

once of the Dominion Comm:lnd7f the Canadian Legion B. E. S. L O D I

Her friends are glad Mrs. C. W. Kielly has returned fronl the hospital and is making a satisfactory recovery froln her accident.

. - 0 .

to know

mumww stems in .....""(-.'.'."l?.'.”.”l5...r7' fill". ”.T;2l".2 ih , r ' s - e counties of Ontario. Peel and will be Mrs. Elmer Offer. Mrs.

Richard Henihorn. Mrs. Clifford Ramsay. Mrs. Bert Hunter and

ments. He secured valuable infor- Mrs, Leona, Arsennullg

mation and also the manuscript of 0 o a

U1” New Om-"”'3” M7m"3l "I Mir Mrs lV F Taylor and sister sessment. Values from the Minister Mpg, .,l, .LfgQFnd)Vpf; of ken:

. sington were week-end Kuesis of

Mrs. Arnold Taylor. Sunimerside. '0 O 0

Mrs. Earle Corncy entertained at her ilonle in Summcrsidc lust Fri- day cveninl: in honor of Mrs. Rankin MncLaine of Charlottetown, who has been her guest for the past few days. Three tables of bridge were in play.

0 O V

Last Saturday afternoon Mrs. Roy Adams was guest of honor at the ten hour at the home of Mrs. J. Wilfred Lecky, Summerside, by the members of St. Mary's An- glican Guild. who presented her with a farewell gift.

0 O D

Mrs. George T. Clarke and Mrs. Ronald Parlce were joint hostesses at the home of the former in Summerside on Tuesday evening honoring Mrs. Leigh Simmons, who is taking up residence in the United States. Following a game of cards. the guest of honor was presented with a farewell gift. Dainty refreshments were served by the hostesses. O O I Mrs. Arnold Taylor was hostess at her apartment in Summersldc last Frlduy evening when bridge was in play. 0 C 0 Mr. and Mrs. Blair Johnston and young son. Michael. returned to their homo in Halifax, N. S.. on Wednesday after visiting the farmer's parents. Mr. and Mrs. Hilbert Johnston. Summerslde. O O 0

Mrs. llcnlh Strong. 5Umm('l's side. lino-no her guest her sister. Mrs. W. K. Itogcri of Charlotte-

town. 0 O 0

Mrs. George T. Clarke. Slim- mersllle. entertained at her home in Summerslde on Thursday evo- ning when bridge was in play.

0 O I

Mr. and Mrs. F. M. Nash of Br-rwiek, N. s.. are the guests of Mr. and Mrs. W. Arillur Allen in Summerslde.

Miss Martha lVlucFurlane. Sum- merslde, was hostess at bridse 00 Monday evening.

0 C I

Mrs. D. C. Tompkins of Mone- ion. N. B.. arrived in Summerside this week and attended the Lh-

F9R F&E5.!'!555

ii-'5. ZER-0'PAK movie

. .

?6R FLAVOIOR

I7 CEN;l'RAI..

cg: ,M.ERIES .(m-I-”v(

- 1

AVAILABLE AT ALL TIIRFECTION DEALERS

i

It-Ian-i

HEAD OFFICE :

INCUNIE Premium income (after deducting reassurance ' 1 , premiuius S2l4.060.28) . . . . . . . . . . . . . . . . . . . . S 9.lIl,2fv1..l6 Investment Income .. . . . . . . . . 374.9-)4.i'g4 lltlierlncome . . . . ........................... 44,137.08 si.3.'.2.9.-Elli l BALANCE SHEET ASSETS llomi.-. llebeniures and Stocks at Book Value. 0,186.7 1.04 p First Mortgages uu RI:-all. Estate . . . . . . . . ... . .. . : I.oa . on (,'ompauy's 0 men . - - Real Iisiathe Hdeld I15 Comliniiiy .. d. . . :l.h. . . 20.000.00 I Cash un an an in an s an wl rue ' H (.ump,,..,..s , , . . . . . . . . . . . . . . . . . . . . . . . . . .. l,ia.l.u..oo . Ollicr Assets ..... . . . . . . . . .... ..........'. 28l.l90.1iyi i ?:3.E(7lfl :73

I'll-ill.V.iliil I.(lChli't)()ll. tieneral Manager.

HIGHLIGHTS OF 1951 OPERATIONS

THIS INCOME WAS ALLOCATED AS POLLUWSI

. . . . . . . . S 522577.55 . . 4B6.(34.0B . . 248,l70.15

Payments to Policylioiderc, . . . .. . . .. . increase in Reserve for Policylloldera Operating Expenses . ..

Real Estate written down ,. . 25,564.77 Dividends to.ShareIIolders . . . . . . . 15,000.00, Increase in Contingency Reserve . 50.000-00 increase in Surplus ........................ . 5.112-73 3I.352.9.'o9.88 DECEMBER 31st. l9ol LIABILITIES IllIII(')Il0IIIQI'S' Reserves This amount together with future preniiumc and interest provide for payment of the benc- Iils promised in the Company's policies (being in excess of the amounl required by Canadian and British insurance Companies Ac!) A - - - -- 7.785.403-00 l'nIic)holders' Funds l'uiicy proceeds left on deposit. premium! paid in advance. allocated dividends and re- serve for dividends. death claims and mllurcd endowments for I hich prqoil have MI! I” been received . . . . . .. . . . . . . . . . . . . . . . . . . . .. 3l6.2I8.3l tlllier Liabilities . . . . . . . . . . . . . . , . . . . .. 101680.70 t'apilaI Stock called and Paid on .. . .. . . 230,000.00 inu-.-(nu-nt Cuutingcncy and other Reserves. 4.'ifl.000.0(l Ninliiis . . . . . . . . . . . . . . , ....... . . . . . . . . .... 88.l I7