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INCORPORATED UNDER THE EDWARD ISLAND

_Capitalization _ I $625,_000_.00_ e Par'_Value_i I” I $100 per share

_ All Common Stock, Fully Paid" and; Nonassessableli if

ASSETS I

Ranch property and equip ment including extension lurid I I

for additional equipment $15,000.00

Treasury Stock _ _ 50,000.00 Rancbing and management contract (including expenses , __

of organization and promotion) to Sept. Ist, 1914 4o,ooo_.oo

Twenty pairs of pure bred P. E. Island foxes _i;2oi,oo0.c'0

$62_f,ooo.oo

LIABILITIES

Capital Szoek _ _ $625,000.00

The ei mpany does not owe a dollar and will not

have a dollar ol ixpenses up to September Ist, 1914.

' . i ' -'

__ _._

PARTICULARS _ _

- This company Visowiied and operated by B. I. Rayner and E. I-I. Rayner. and their zissticiates, and is :i consolidation of the home ranch interests of B. I. Rayner, Pioneer ranchman, Alberton, If.. I. with the E. I-I. Rayner interests (including the E. H. Rayner Fur Company, and Rayner and Gaffney interests) at Summerside, P. E. I., and brings together, not only a group of the most Successful men in the fox business, but an aggregation of twenty pairs of foxes, that for quality and productiveness have no superiors. '

RAYNER 'th _ ' th Fox industry of Prince Edward Island

from therlelziiilieqsalmliioneer days, and th;Il?rleSiIdgili€ dllthe INTERNATIONAL FUR COMPANY LIMITED is without doubt, the most experienced, most practical all round fox man in this Province today.

The Rayner strain of Silver Black foxes represents the best blood of Selected~Pri‘nce~-*Edward-VV V- ~

Island stock from all of the old pioneer ranclies_,arid by hard work, intelligent mating and wise selection have been developed into the linest type of Silver Black fox,----large, vigorous, productive ‘and heavily furred trom nose to tip. _

Many of the most successful ranchers in this Provineehave built their fortunes ip in Rayner

l"oxi--S and Rayner methods; the companies paying the largest dividends in A. D. 1913, being St icked with RAYNER Foxes.

THE PROVEN BREEDERS

The 2 pairs of three year olds raised 31 pups in 3 years.

'l`he 4 pairs of two year olds raised 34 pups in 2 years. _

` The 4 pairs of one year olds raised 16 pups the_ first year. an average per pair of 44 1-4 and

5-6 pups each lor the one _two and threeyear olds, respectively. _

THE YOUNG F OXES

Most of the Rayner foxes bred the first year. '

One hundred per cent, of the 1912 pups in the several Rayner ranches raired_ litters in 1913.

The nine mothers of the ten young females owned by the RAYN ER INTERNATIONAL FUR

COMPANY, LIMITED‘ raised forty pups in 1913. “Like mother, like daughter.” _-_

I All expenses of every kind up to September lst, 1914, are included in the capitalization. There are

no carried over charges to come out of the earnings. ' _ _

. _ 1-2 ` '

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75 Per Cent of the Rayner Internationale

Foxes have already Bred " V V _

EXECUTIVE oFF1cERS

B. I. Rayner, -President

D. G. Harlow, Vice-President _ E. H." Rayner, 2nd Vice-President and Manager Jno A. Lea, Secretary-Treasurer , _ A. A. Black, D. V. S. Veterinary _Director

4- V |¢ v~ - . ._

V Stock Subscriptions Received at Following .if_

Agencies S

Canada Fox Exchange & Investment Co.,Ltd.,_Ch town Farm Stock & Fox Exchange* of P. E. I. Ch’town

1 ' R. E. Mixtch & Co., Ch’t‘o'wn;<_ _ > _

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_ ~ V ‘ ._ _ . , . . , 111:11; ‘

134l4'~2- tt9Ilf _ _ _ _ _ ,_ , ' _ ‘ 1 ‘ ` _ _ -SV ~» "~’ “'."l°l'Wll’3_='If-iii' ' _ _ .. _ V _

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Reasons Why 'You Should Buy Stock" In the _

Rayner International Fur Company, Limifedi

Because it is managed by reliable men who are expert in fox breeding. ' '

Every Raynor fox enterprise has been successful.

Certainty of a handsome dividend in about nine months and annually thereafter.

A Special provision for Reserve Fund from eamings of Treasury Stock.

Uniformly high grade foxes, guaranteed to produce nothing but pure Silver Black pups. Sound business policy assuring good earnings on fur basis. ` Every fox, except one, is under four years old.

_ _ _ AFTER 1914

tlie foxes will he ranched, and the business of the company will be conducted at COST, under careful and economical management, with the aim of producing the best possible retums on thecapital invested.

No Excessive Salaries to Directors or Employees

_ The iiiaiiageinent of the Raynerlnternational Fur Co. Ltd. will dt-_gem for their profit upon the div- ideiids earned on t eir own stock, and no excessive salaries will be paid _o cers or employees.

_ The Future _ ' of the Fur Industry I

is assured, and the RAYNER INTERNATIONAL FUR COMPANY, LIMITED, with the Rayner name on

th_e’front of it. Rayner foxes and Rayner capital in it, and Rayner; experience and ability back of it, is cer- tain of SUCCESS. . i -

_ 'l`he`i_nter_es_t`s of‘the"s'm_all_est stock-holder are identical with those of the largest, and' every dollar invested in this. company will have the same eaming pow_er. f f

A large amount of the_stock is beiiig re_taine_d by the Rayners and their associates, for their o_wn

p_e£i_c;i_i_a_l investment,and a considerable amount is being placed abroad where it will advertise the fox breeding

Onlyalimited amount-willbeoffered_forihome subscri tion, and th tim t s b ` N _ _ Further information on request. Send cheque with ord)er to e e 0 u Sen ' If ‘

r _ ._ _ E. H. RAYNER,

I _ i -` SUMMERSIDE, PRINCE EDWARDMISLANDT

J BHl\`l<_0f 'NWI Swtia. Bankers, A. C. Saunders; _Solilcltori

DIREGTORS STATEMENT I _

We, the _undersi ed, Foxmen and 'Directors of t e R ` ' ' ~ ' " ' " ’

bgocertil' y that we have §ii'sonal'k'nowledge of the qualitylfq an¢i1)bli°?edi1ri;rtii‘aih(ianaii>ilie1sr (dgtiziisldgdilitigirliidegdili a ve named company, and that all of the 20_pairs are as represented in this advertisement And we hereb ' agree with the stockholders of the Rayner Intemational Fuir Company iLmited that if any 'one or ore irbf o Said foxes should ever produce‘ai1ything'but pure Silver_Black pups we willipurchase the off" with aimthe then current prices for the best Silver-Blacks, and either replace or pay the full price~fo`r the par¢§i?ts" `

_ B. I. RAYNER President.

._ D. o. HARLOW. viwrresideni. ' 5181105. JNO. A. LEA Secretary-_Treasurer

_ E. H. RAYNER, Man_aging”»Director.‘

_ _ A. A. BLACK, Veterinary Director.

r ._____________ i J _ I “_ _I ._ "

APPLICATION FoR~STocKa _

‘ To The Rayner- International I-‘iw Company; Ltd._ `

=_ ` _ S_umm'erslde, P. E.I.‘ _

Ihereb a ly for of th l

days from this date. I enclose as-deposit on account of purchase price the sum‘of. .f..... . . . .dollaitsfii A 4

Dated . . . . . . . . . . ... ' _ .fi

7.-_.;_r_ f______‘__,_,___,_,___,_:_ -_ls-_:ie T,¢,\¢-y ,__~_-.___£_.~_.,.,,_,#_.,__,_. _, , _ . . ,_ _,,

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».

_ _ _Y p _..... .... .. shares e ca ita stock of th R I ie 'htm' 51

_ Lompany,_Limited, ibr which I afree~to`pay, at the rate oi) hundred ($100) dolliggebernshrxyrei, _`sIii‘tlrlll=_»_ t i

of _ --- ~ _ - - -_ -_ _ _ _ dol ars upon delivery of ‘certificates of said stock to me' in or wittgn tetvfl’ >

_ . . . . ... ¢...¢......._... ...'.." N.. .--. ..,,,,,, ,'_,~,V`_".;'_ A _ #_ I Q . V -3,

This .... ..._V¢1ay0f.,,,.,,, , 191,¢__'“__

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