i
- -: ,.‘.,`i
_ .,',» _
i -.. wv -- -~f -- _ * `
Subscription _List Opeiia 22nd April and _CiIoi`e_s_,3iVd Nay at I2 o‘eIoeh noon ' '
Issue ot First Prelerred7 c. Cumulative Stock ot the .. .. "
_.,,.. ¢-\-, ,
° Works. Limited.
Nova Scotia Car
(Incorporated under the Nova
C _ cAr|rAL
FIRST PREFERRED 7 p. e. Cumulative Stocli, Redeernable at IIO p c. and accrued divs., .. . _ ..... . ... $I,|lM,0tl0
Scotia Companies’ Act. I9ll.)
IZA T I 0 N .
` ' Authorized.
Issued. $600 009
SECOND I’REI"ERRED7p.c.Non Cumulative Stocli, RedeemaliIea'tIID"`p. c 3'3"’ Holm.
TIIIRD I’REI`ERRED6p.c.NonCumuIative Stock.......... ...` .. A 500§00
us,zlo i,zso,wo
' DIRECTORS.
O. E. SMITH, Director Eastern Trust Company, Halifax Electric Trnmway Company, Eastern Canada Savings
and Loan Co.--President. »
F. M BROWN, General Manager, Halifax-\`ice~President.
_]. WALTER ALLISON, Director Bank of Nova Scotia, Nova Scotia Steel Gt Coal Com any, etc--Halifax. FRANK STAI\'i~`ll£LD, Director Nova Scotia Steel & Coal Company, Vice-Presidient Stanfield's, Limited-
Truro N. S.
J., R. DOUGLAS, Director late Rhodes, Curry A Co , Ltd., Amherst, N. S. S. lll. BROOl{l"lEl.D, Director Halifax Craving Dock Company, Eastem Canada Savings dt Loan Co., etc-
llalifax. N. S.
_I ltl. ROBINSON. Director late Rhodes-Curry Company, Ltd.-St. john, N. B.
W. J. CLAYTON, of Clayton ‘C Sons, Halifax-Halifax, N. S,
ANDRE\V M. BELL, Merchant-Halifax, N. S. -
_I R.' LAMY, Director late Rhode`s¥Curry Comggny, Ltd-Amherst, N. S. "
HECTOR McINNES, Director Bank of Nova otia¢‘»c-Hali|Isx,_N. S. F. B. McCURDY, Director Halifax Electric Tramw-\yCo -Halifax, N. S. BANKERS. BANK OI" BRITISH NORTH AMER GA-I‘Ia|ifax, N. S. TRANSFER AGENTS. THE EASTERN TRUST COMPANY-Halifax and Montreal.
The amount of l~`irst Preferred 1p. c. Cumulative Stock offered is $195,000, the balance of $405,000 ofthe issue has heen taken “I"irni" by the underwriters. '
SUBSOilI’Tl0NS ADDRISSED T0
'TEES EASTERN ‘IllUS'l' CUMPANY t
WII.I. DE RECEIVED BY, The Bank of British North America, The Eastern Trust Company, T. D McCurdy Q. Co., Halifax, N. S.; J. M. Robinson O. Soni, St. John, N. D
Montreal and Moncton: F. B. McCurdy Q Co., Montreal, Sydney, Charlottetown and St John’s, Nlld. _
. _ ON THE FOLLOWING TERMS:
$10_l_l. Psi* Value 7 p. c First Preferred Stock
_ is, _tjiiimmi Simi hi- ._ j S siiiso .
» , \
, 'E
Fractional Common Shares under this application can be bought or sold atlthe option of the purchaser at the rate of $zo.oo:er share. ,_ - _ Allotiiients will be made by The Eastern Trust Company and will he as fsr as possible “pro rata" on all applications' receive, . '
The Nova Scotia Car Works, Limited, was organized under the Nova Scotia joint
Stock Companies' Act, gli, to acquire and take over as a oin con em the assets and
Mr. In M. BROWN, late of the Dominion Iron and Steel Co., Ltd., who has extensive
mechanical and commercial knowledge and experience, has contracted to serve the Com
_ ' g g : _ _
properpics ofme 3,-iiiiker Cm. Company' Limped of Halifax' N_ S" to extend these works V pany as General Manager for a terniofyears, and has been elected Vice-President ofthe Company.
by adding a Steel L nderframe Plant, and other necessary additions, and to operatethe
whole, with ample working capital, undi-r experienced and capable management.
,z ‘i i
Y i
ll
_¢i"?i.~.-._ :~°' -
2%:
,. Th
§!£_§__
iimmiiilianimissis
.s ‘. 1'., ._i.¢. .. '_ If _., ,-..~.r '-
The Board of Directors includes gentlemen of extensive and varied experience in manufacturing in Nova
Scotia. ‘ ' 4
_ DESCRlP'l`l0N 0F THE BUSINESS '
Mlsssks. F. B. McCt'iu>\' & C0. H.\1.It=.\x, N. S.
Dear Sirs;--- \ '
1 beg to give you the following information regarding' the business of this company;
‘ PROPERTIES
The Comp .ny‘s plant is located on a superb site entering some twenty-aevtn acres ofland in the heart of tho
northwestern portion ot the C.ty of llalifax, on a siding ofthe lntercolonial Railway. The land on which the buildings have tit-en ere. ted ua~ acquired on favorable terms by the Silliker Car Company at the time of its organization in |907, ai-d is sufficient in area in allow of additions to the plant for an output of 5,uoo cars per annum.
The Fuildii_.gs and Plant are all mcdern in design ard vteie well laid out and economically constiuctcd hy com-
petent engineers. .
TAXATION
Under a special arrangement with the City of Irlalifsx the City in i9o7 loaned the Silliker Car Company $|25,ooo
:it 4 |~z p i:, interest, repayable in zo annual _inst.'slmriits, which loan has been assumed by the Nova Scotia Car \\'oiks, Limited, and 'he instalment payments continued The exemptions from taxation which the Sillikcr Company enjoy ed from the City of llalifax have been amplified and extended to the Nova Scotia Car Works, Limited, by ,Special Act of the Legislature of Nova Scotia, by virture of which they are granted absolute freedom from City taxation and :tu annual supply of 5,ono,ooo gallons of water free until |931. .
HA1.Ii~‘Ax, N. S. Artur. 2o'i‘n, 191|
CAPACITY -
When the extensions tiow urder way, including the construction ofthe Steel Underframe Plant, and the sti:ength~
eiiing ofthe Foundries, Machine Shop, Forge, Car Mill, etc., have been completed, the works mill have a c.'*p\gii.y of Fifteen Freight Cars per day. The Comp. ny also has a large and up-to~date Wood-working Factory.
The Plant is modern and well calculated for economical operation. In addition to the manufacture of Cars, a
large business is done in thc Wood-working Department, and in the manufacture of Car Wheels, Castings, and other Iron and Steel Products.
' i I N SU RA N CE
The property is insured to go per cent. nfiis value, and in addition against contingent losses by tire or otherwise~
SUPPLIES
Halifax is situated in the Centre of Supply and is the largest Timber'Marl»ret in- Nova Scotia. The Company is
therefore guaranteed a full supply of native woods at lowipricea, and being situated at an Ice Free Port, is 'ciiablgd in import Southern Pine, Oak, Structural Steel and other materials at most favorable prices Its proximity to shippiii
points also insures a_cheap fuel supply and its nearness to Sydney and other Steel and lrdu Centres ensures Aa suppll; of this class of material at a low cost.
LABOR ' A
A very etiicient class of labor is obtainable, can be had in abundance and is reasonable.
` MARKET FOR CARS _
The Company numbers among its customers:-v '
Canadian Northern Railway.
lntercolonial Railway.
Anglo- Newtoiindland Development _(,I-Iarmaworth) Co.
Temiskaining Q. Northern Ontario Raiilway. _
_ ' ` Halifax Electric Tra niway.
Grand Trunk Rallway.
» _ Canadian Pacific Railway.
The present and future railway extension forced by the remarkable Canadian development,` and the wear and tear of heavy freight haulage ensures an urgent and steady demand for cars
Not at any previous time has the market for railway cars in Canada 'appeared as favorable as at the present, --1 ~ '_ _t '
Two years ago the then existing manufacturers of freight and other cars in Canada combined in the “Mefger” lcuowu as the “Canadian Car and Foundry Co ," with its central sales de art- I
ment at Montreal, and since the formation of the "Merger," the market for cars has been much steadier than formerly. ._ __ _ _ ' P
We have found a friendly disposition among the big railroads towards our enter rise
p . _
We have on hand at present orders for upwards of 1750 Freight Cars, and assurances of further large orders so soon as thepreseut contracts are completed. Owing to the heavy ocean tonnage landing at Halifax for Westem points, we are enabled to deliver cars to our customers “under load” thereby avoidlug delivery charges on our out <1
securing to the Company the full advantage of the geographical position of Halifax as an assembling point. Put' an _
,DIVIDEND EARNING CAPACITY.
Au outpit of 2,000 Freight Cars per annum can be reasonably expected. This output should ensure an earning capacity as followsz-
Nct Profitson2,ooo Freight Cars..................
..................$16o0oo `
' Divi<lendof7p.c.on$6oo,oooFirstPreferredStock ............................ 42,000
i18,ooo
S
Iiqnal to the full 7 p. c._on the Second Preferred, 6 p. c. on the Third Preferred, leaving $80,830, over 7 p c. on the issued Common Stock. 1
The present Management 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 Feb ~ (ln March 1 5th we began to ship cars and our regular output since that date has been FOUR box.cars per. day. Our shipmentsof Southern pine are now arriving in volume and ourixiitatgufgiiil
now be I-`IVE cars per day.
e additional machinery for the existing shofs will begin to arrive this month We are arranging to have it installed without delay and, beginning in June, our output will stead`l ' P l
until we reach the Maximum Capacity of the Plant. 1 i » _ ‘ ' y '”°'je_aS°
Yours faithftilly, -
line- _ 1 i ini f _ V _
(signed) r. M. BROWN,
Vice-President and General Manager. , ’
FINANCIAL ARRANGEMENTS AND CASII ALREADY INVESTED.
On its organization, the Nova Scotia Car Works, Limited, issued for the purposts of its busi-
ness $600/,ooo First Preferred 7 per cent. Cumulative Stock, Redetmable at no p. c. and accrued dividends. Underwriting of this Preferred Stock was immediately completed. and the proceeds are available for the Purposes of the Company. Approximately $5co,oeo cash had been invested in this
rt PREVIOUS TO the expenditure of the proceeds of the present issue of Preferred Stock.
The 7_p. c. Cumulative‘Dividcnd on this Stock begins to accrue to purchasers as at May ist, 1911.
_ 'I 'VU ` i VJ
SECURITY AND PROSPECTS. _
The success of similar undertakings established in Canada is so well known tlilt it ls uiinec.
essary to give details of their operations. Having regard tothe statements set out above, and the
urgency of the demands for Rolling Stock in Canada now and its probable continuance for niaiiy
years to come, it is apparent that the prospects for this enterprise are particularly promising,
rI’ro|pectus und :Application Form! will be_ supplied _upgn a\&lric_»§_tion to any of the _a_bovo atldrulea.
_ A
IIURIJY ~ u M
i1i:Misi:iis Mournui srocitifxcninsa l
STOCK AND BOND BROKERS
HALIFAX, MONTREAL, SYDNEY, CHARLOTTETOWN, S'1`.'JOHN'S, NFLD_
~ 4
,»
in-i'v em 1| l
I _ I - I - =»_..... ..'.'i.._.-i ‘L
,. i. -¢.~.»...
__ ,I
MR. F. M. Buo\\'_\: has written the following letter regarding the business and prospects of the Nova Scotia Car Work s, Limited: ~
NOVA SCOTIA CAR WORKS, LIMITED
1 K
.1 - . _ ,-