-- ____.._b.......____.. ... .-.. ...... .. -

Bring New Rooms

to Your Home with Gyproc

AWORK-ROCII for you —-a play-room for the youngsters in the basement. An extra bedroom or two in the Attic. These are now

ossible in your home at ttle expense.

The new Ivory coloured Gyproc Wallboard that does no! bum and needs no decor- ation (when panelled) will give you additional space in your present home.

Easily and quickly applied, structurally strong, it ro- vides fire-safe walls, ceilings and partitions.

Y0!!! dealer's name i3 listed below. Consult him today and ask got full infor- mation re ar in roe Wallboardgor writge i? in- terestin free book “Build- . ing an Remodelling with Gyproc."

Y’.

GYPSUM, LIME AND ALABASTINE, CANADA, ILFHTED

Montreal Quebec

l I

l l

Maritime Representative-Av. n. Melville, 53 RupertStreet, Amherst, N. S. '

For Sale BY

L'. M. Poole - Poole & Thompson. Limited R. T. Holman, Limited Morris-Bernard 8. Co. Matthew & McLean

l

Charlottetown, P. Montague, P. Summerside, P. Tlgnish, P. Souris, P.

. E. I. E. I. E. I. I I

E E.

New Issue:

i $400,000

_City of Saint John '5 p. c. Gold Bonds

‘lb dated July 2, 1930. Principal and half-yearly interest ‘gable at the Bank of Nova Scotla. 1n Toronto, Montreal am 5513i: John, N. B. Denominations $1,000. $590-

§£3§D0 fir: July l. 1345'-

i

': 4'

l l ' l

rm: CHAIIYI"I‘____ - PAGE Fm

Electric Power d: 14am ... MI I

General Asphalt t 40l

GoodyearTlro - 59! J I

Internatl 1H te ....... 80

K o» -- Says Wasson m’ s“

enneeott Copper ... ... 25

Montgomery win-d 32%

Niagara Hudson Power 16 “Five years ago I started on a tiny-

P t i=la~ 53v. i a 11 . A lnwilva W1’ .

=1 l iii-n» i? m» ‘I ‘he Avalon ' I 'ele hone ( 10m an Lim ‘t d Penlcir at Ford airs‘ 1°‘ my “h” “"‘°"’ m“ ‘M m” p y) l e Radio 35% l d°“'“- Fl" b°l°1°=-°! SHWI W"? (lnwroomod under the Newfoundland Companies Aw)

Sear; Roebuck 62%: l First MOIT a '

Standard Oil of New Jersey .. 82%| g ge Fund Bonds

Sterling Secuurltles . .. lost; 516%, Series A

Studebaker 25%| DatedJuly1st.1930. i Du

Yellow Truck . . . . 23% PllfldPfll ind 861114001131 lntmltt (January 1st and July 1st) payable in Canadian gold coin or its equivalent at the hsgcleffi c‘ R R. _ _ ___ _ _ 185,15 IlteQEeanadianbecBank ofT erglin 5L John's. Newfoundland. Halifax, N.S., Saint John, N.B.,CI'1JIIOIIEKOWH, P.l3.l., Montreal, Géneral Mow" v M,‘ nk, orontqLo t., Ottawa, Ont.,_VIlnnipeg, Marl. or \ ancoiix-er, B.C. or, at the option ofihe hoidcrnai t he Cans.

U . . ' s is ..ssos‘li-i'ri.,isl,z"ilihlslsih2511:2225:as°oiz~gsétw ‘l; “°1"di‘Fid"*“°'-"'"“E°1‘ 0*

. . I - _ , 4 _ ._ e sawoeorin z. a eopiionr t.e at‘ “thirty days notice atthe following prices andacauedinieresgat 10%’. up to and including B s Y S . _ . erea er up to and including July 1st, l947at10o%less M ofl mfor each subsequent year ANK or fraction thereof elapsed between July 1st‘, 1932 and the date fixed for redemption; and after J lily 1st, l9~i7 at par to maturity.

Bank of Nova Scotla . .. .. 317 Trustee. Montreal Trust Company.

Bank of Montreal ... :22 I i SINKING FUND

Bank °1 o°mm°rc° -- - - -- -- - ', lgazTllfe Trust Deed will provide for an annual cumulative slnldng fund for the First Mortgage Bonds of Series A, commencing July 1st, Royal Bank . . . . . . .. . . . . . 291 . ‘mug;‘integer;zoalaahtgollgmgrtéiéarfiég:ggxtfivpgiurgypiigtzipgéwuprrgfigrig;oésgieé be outstanding. plus an amount equivalent to the

l'l . _ MARKET REVIEW CAPITALIZATTON . (Upon completion of this financing) _ ‘ 4 NoRAN-DA . fir“ Mortgage Bonds Agithorized To _O:§l)1§g!‘51.(lll"lZ official announcement ti.» u» in , 1% Nsnctmuiaiiyqnlilpleixgiatllsszisaselisnrtrvtlmi: "'III $100000 slam» arlda concentrator has now been Common Stock (Sb l ar\ ue) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 00000 $236,350

doubled to handle 1,000 tons a. dasnl and that the smelter is treating 2.-f 200 tons of crs daily, means that within the next few months pro-i ductlon should reach the rate of 24,-, me - ‘I H - .———-- a» w» a is not. :.:.~'~..:": 3:52:35: 3:. 1:6 report stated that ore reserves av-l “m, I“, gamed I keep on the so an traged 7.53 percent in direct smelt- day Without “ring

ing are and 2 percent in concentrat-

J. H. \VASSON

‘o! capacity. Operations o! this com-

‘too early (o estimate probable

smelting on mpmsen“ aollzool tc a healthy, normal condition. The

pounds of copper and 1,000 tons of concentratlzg one equals a pounds of coppzr. This would give a‘ Méilitggurgi ftgesg-b g;:1;a1ih3éhar_ will daily Pmdulmmn 91' “PP”, lottetown from the Hughes Drug Co, cl 341,200 pounds when the eozcerl-i Ltd.. trator is operating at capacity, andi-—-—-——-—-—-—.——-——.—.—--_ tms amount o; ore per day g5 equpn: dustrlal activity would mean a cor- zllent to approximately 116,800.092l]'1‘¢5!"0l1din3 lmrflflsofl in the demand hounds or copper per annum. This‘ for Papers covering a viide tense of is Noraridafs indicated production 011-51185- 1931 and there is a possibility that] _ the same rate may be reached before; MCCOI-L FRONTENAC OIL CO the end of 1930. _ 1 Business or McColl rrortenac Oil with,“ a kw weak, a minimum Company, Limitcd. at the present o! 200 tom}; ore per day W111 bgl time is providing quite satisfactory. mined from Nomndfl-ggoyd ore bod-lOperat£orls are being carried on at m. This Wm have we 811w; °g;full capacity and sales for the year lowering costs. It ls understood that to date are about 25 percent ahead the management feel they can re- of those at this date last year. The

has made in my health at the age of

dim, costs by the end of the year-l company is feeling the benefit of I

m heme", 5 Cam's and 7 “m5 a its additional trazsportation, refin- pound, so it is apparent that Nornn- I eryy storage and distributive fac- da. can make a mu. prom with Qop- Iilltles. Business on the books at this per at. present prices. time ls running ahead of last ycar pal-id also the company ls keeping HOWARD SMITH pus“; MILLS ‘right up to date on its deliveries.

It. 1s lnterestin! to learn that at! the present time the Plan“ °5i Iioward 5mm, Paper M1115, Limited. The statement overlng operatlors of u: operating at about 35 pement Winnipeg Electric Company for the month of May shows gross earrllngs

TVINNIPEG ELECTRIC 0O.

pany bear a ‘direct relation to sales ‘263. Fixed charges and taxes after

‘deducting other income amounted to $93,332 leaving net income from op- erations for the month $66.9“!- Th"

mm- N5pecf, is pretty well control- led by the operating rate. It is still re-

' "Sargon Pills gct me regulated per- l mg om on ‘his bu“, 2000 m“ o‘, fectly and restored my whole system j

I improvement the Sargon treatment l

40,0994 s1 ls remarkableF-J. H. Wesson, 2s f

of swan-rs with net lei-ones of sled-l

l I

103% ntlon of recent reports from st.

low. foutstancilnz bonded indebtedness of 96 Avalon Telephone Company. Limited. 99s‘ lgongjgflng of 890.500 of 5 PE!‘ 66ml

I I

I

' years put in order to keep Pa“ Wll-h l

TIDE COMPANY :—The Avalon Telephone Company.

_ Limited. incorporated under the New- foundland Companies Act in 1919, operates. under exclusive fran- chlsm. the entire telephone service of St. John's, Newfoundland, and surrounding district. The Company's system is modem in every respect and, inadditlon to the City of St. John's, now attends throughout the Avalon Peninsula with telephone ex- changes at a1 the principal points. Population served is in uoess of 100.00).

I rawcmsas :—Thc Company operates by virtue of franchises I

granted under, or by Acts of the Legislature of Newfoundland, glvin it‘ operating rights for thirty years from tember 2nd, 191 , subject to the right of the Government of Ne qundland to purchase, upon one year's notice, its plants at any time after September 2nd, 1334, at the fair value of the property for the purpose of its use.

ASSETS e-Dtgzvreciated fixed assets, including real estate, lant an equipment are carried on the books o the Company as at March 31st. 1930 at $1,015,991.64. Net current assets. including marketable investments at cost, as at March 31st. 1930. after giving effect to the present financing, as certi- , fled to by Messrs._ Crowell, Baloom 8i Company. Chartered Accountants of Halifax. N .S. were $237,732.97, of which approx- imately $60,000 has been earmarked for capital extensions to be made during the current year. ' Total dggreciatod net assets were therefore $1,253,724.61 as against $7 .000 of First Mortgage Bonds now being issued.

EARNINGS r-Net earnings of the Company after deducting

_ alloperating and maintenance chargesand taxes, and available for interest and depreciation as cenified to by Messrs. Crowell, Baltom 8r Company, Chartered Accountants of Halifax, N.S., have been as follows:

I YearerldingDacemba31st.1927 894,407.97 l z “ " " 1928. . . . . . 10.3.7303 i " " " 1929 . . . . . . . . .. 116,421.41

Net annual earnings for the past three _years available for bond

interest have therefore averaged $lO4,8a3.4O as against annual bond interest requirement of $41,250.00. Net earnings for the year n-ided 31st, 1929, were $116,421.41, or appioximately 2.82 times the interest requirement.

0] SI. John's,

‘Sinking Fund Gold Bonds, 5l/§%, fl-‘urther first mortgage bonds, ranking poripassu with those may be issued only under the conservative

l W. C. PITFIELD a COMPANY

Series A, due 1948 (this issue).

r

PURPOSE OF ISSUE :—-The proceeds

_ used by $5‘80.500dpnncipal amount of its 6C; 1946, an ' tures, due 1958, being all of

or capital expenditures and for other corporate purposes.

SECURITY :-—The bonds will be a direct obligation of The Avalon

Telephone Company.

cured by a first specific mortgage and ‘charge upon (a) all the properties now owned or here- buiidzngs, telephone

Company's real and immovable after acquired including lands, plants, machinery and equipment. an movable properties including rights,

chises andlncluding shares of. or investments in. phone companies; and by a floating charae upon all other assets acquired by the Co

Further first mortgage bonds ranking pari paiiu with those of Series A may be issued from time to time to amount not exceeding 70% of the cash cost or fair value. which- ever is less. of capital ex enditures upon, or additions to property _ eed. and then only when the Company's net earnings, as defined in the Trust Deed, for any consecutive twelve-month period out of the fifteen months immediately preceding the date of issue of such further bonds shall have been

now owl-tied or hereafter

as defined in the Trust

at least twice the annual interest on

and those proposed to he issued. Further series may not mature earlier than July 1st. 1948, nor be subject to

premium exceeding 5%, nor be entitled

mg in rate that provided for bonds of Sen

GENERAL :—The Company's business is growing rapidly, the of installed telephones having increased

number

from 900 in 1921 to over 7,100 in

improvements are made is anrordanoc lwith standard yyear. ross earnings ave increased from approximately $135,500 in 1920 to over $221,030 in 1929.

telephone practice year

The number of telephones in use per is still below the normal for similar

it is thereforeanticlpaied that a continued incrczise in the may reasonably be looked for.

Company's business

W: 0]" these bonds when, as and i] isrued and accepled by us, and subject lo the approrlal of legal prormiivigs by Jfessrs. Him! ti’ Emerson, Nflll/oundlarid on behalf 0f the Company and by Messrs. McGibbon, '-

.9_8 and accrued interest to yield over 5.65%

EASTERN SECURITIES COMPANY LIMITED

TM rldlementr contained in this adverliienien! arr mil guaradezd, but are baird span infomisfion which w believe I0 be reliable and on iiihkh

we aclcd in purchasing their securities.

_ _ presently to be nuistanrlinfl, restnctlons contained in the Trust Deed.

Mr. R. J. Murphy, Vice-President and Llanaging Director of ThcAualon Telephone C y, Limited, summarize: his Irller to u: arf0l.'m:s.'-—-

the Company to redeem p First Ailoricapc Bonds. due $137,300 principal amount of 511;‘? Alongage Deben- its presently outstanding funded debt,

Jllilchcll c? Stairs, of ill/animal, an our iirhalj’, a1.

of this issue will be

Limted, and will be se-

_ ale lines, d (b) all the _ mpany's powers, privileges. and

other tale

mpany.

a principal

bonds then outstanding ‘ redemption at a _a sinl-nng fund exceed- es A.

IO

1930. Extensions and

capita in Newfoundland districts in Canada and

SlSH

lsuccassful winter's xvorkf-The early

New 188116 [part of the evening W115 spent in

T0 nwhichvthey retired to the house for ‘refreshments and a sing song. '

714,43.‘ mm_ ‘ Much to the surprise of both Rev. MONTREAL’ ‘me can i}; M. and Mrs. Altken. Just before

‘the close of the evening's program; fghey were presented with the follow- dng address. accompanied by B mil", tifu.) mirrorz- lDear Mr. and Mrs. Aitken.

Johns. Newfoundland it is under- stood that arrangements have now been completed for refunding the

first mortgage bonds and $135,800 of lthe evening and now we come to 3.‘ 5i, per cent mortgage debentures. the much dlnerent part of our evening's former being redeemable at 105, and ‘program. the latter at par; by the creation of It is hard for us as young people a new first mortgage bond lssueiw express freely what our hearts amounting to 750,000 of first mort- nmiid say. but it Ls with a deep feel- gage 5's per cent bonds. ling of regret that we realize we are The proceeds of the new bond laggambled here perhaps for the last lssua will be for the most part used j time n1th our minister and his wire to redeem the presently Ollfiilflfldini Ins our leaders. first mortgage bonds and mortraso; We are happy Mr. and Mrs. Aitlt» debentures above mentioned. but awn ,0 know your homo will still be’ certain portion of the prowlllimwm b’ ‘on the Island and the distance sep-_ used for capital expenditure con-lanai“ u, will not be very great.‘ nectlon with the extension of the ,' g l Company's telephone system. lno mama. how F,” the distant», Avalon Tol¢Ph°dlll° j°mPmyé°l you mu still be 111 spirit closely un- Johnb, Newtoun an . 0P6" 5 ‘W! Wm, us 1n Om- work u "m" L Mum °I New-I The past four years spent irithl foundland under exclusive franchise l-Wu both a” ones which We wml from the Newfoundland Government. ; l

‘never be able to forget. As a minis», Th‘ °°m7"wh“:°en grxwuliiez-l to; and leader Mr. Altken we have‘ tendlns 1h 0P8" 935 °Y '

reverenced and respected 11W and:

m‘ wntmuny mcnum‘ demand {as a young man associating with us}

for teleph facilities. nsvlna in i I“ °“' ‘p°"‘ we M“ 10;” fix! . be i wlephanu . hope the influence you are avla 5

a‘: at‘: ‘ldugrfolinodland is still ' had over us will boar fruit in the;

much below that of similar districts 1 yew to some»

in Canada. 1n Mrs. Altlten we have found a

n, i, under-flood that the new bond true minister's wife. The patsoflose issue will be adored publicly by Mw- has llwiiw been I 111W Wm" l"; treal investment bankers before the could tome at anytime and always end of the present month. feel welcome.

We ask you now to mirror as a token of our apprecia- tlon of your work with us and of 0n ‘hlesday evening June flthrour love we have for you bath May

rusnrrllnou

Price: 101154111! interest," Yield some sults on the sell" m“ bwnw‘ gross emmgs ‘oir-eldralylydtslliorli 95mm d“ my’ 2' 195m _ _ _ H_ ha, 5 t” as 5% 3 a U” “m; decrease as comp Price‘: 1111.50 and interest. w yield iiwvl» of Oman,‘ of the company m“ the last year. due almost entirely to a ‘$411500 fllll Jill? 2- 197m Wm Se“; m m. decline in the gross earnings of the Priee=.101.50 and interest. to yield 4.90% 1930 flail-es "P" runway “may a6 a mu], o, a de_ Orders maybotelephoned of crease over those indicated 1n the . _ f I n e" . “Iemqphed at ‘m’ “Dena annual report for-last year recently ""59 I“ the numbJull pasirzo: ~ , a . I I . . C made public‘ Much depeinds gaernfisdvilfltcdxlineiiljol: wit‘; thepstrect Securities ornpan conditioniolggezzhllab: current of this, was made up by lower ex. LIMITED . l “‘° ’°“"“' lal ... ln- railway. year. AnYI/EIBB m" 9' "V" p _____________ w. n. v. nmvnm. Manager. __.___.._._--.—-—-—--—--~ -""'-‘""-"”' ’ ' cnsanorrarown AVTWE m“ PM“; July 1 1953 86 51', 191m MONTREAL nALIFAX v Abltibi . . . . . . . . . . . . . .. m, Oct’ 1 1959 m0 I MQNQTQN EUIHIHERSIDE FBIZDEBICTON , I Bwuhnrnoas Power . . . . . . 5% Mar‘ 1 was gene Tglieizione . . . . . 51m‘ M“. 1 1960 9g _ , . . . . . . . . 6% o“. 1 w“ 97H Em‘ ' gatgdanswamship . s". Dec. 1 1954 1031c ' " """""" ~ .. 2 194s 1 Dom. T. dz Chem. 6 ° ‘In l P . __ 5".- June l 1956 Stewart Jones 8e Co. ,- 3333513 .11; _, ....... .. w. n» l 1w ‘ _ so J he 1' 194i 1001-’; ‘ c°""po"de"u N j Gatmeausiliivger " 5140c. llune i 195a sav. gov/std m . . . . - ° l .... .. 5" Oct. 1 l9'1 102*’ Grfiflljshlelds s; Co. , Montreal 23o: .............. .. s; M“ 1 19:0 m”: Mozltrea er . . . . - v Member: of the Montreal Stock Exchange I Montreal Tramways July l 1941 102:. Montreal Tramways .. 4'= " AP‘ I 1955 8 ‘ ‘ Mortal, “mm” _ s". Apr. l 1955 05w , , . 88 Great George St, Charlottetown . PM; m” _____ __ 6.1, p6,,‘ 1 1943 103% L #j Quebec Power 5% Dec. 1 1968 .101 . Shawlnigan Power . Oct. 1 1967 97 “"“‘ - "1' '—_ - s" m». i 1970 10ers MONTREAL STOCK axciuilvoii Intirnatlorm Petroleum 1W- iilhflwmlllrfl PW“ -- m M" X A968 9., ____ Massey Hm“ __ __ 251g Ichawlnlgan Power . . . . . . . ....... .. l L 1952 may a 53 United Securities as .0 May 1 i Mm" “W” ‘“-"“’*‘°d I’? awe“ Mwm“ PW“ " DOIVIINION GOVERNMENT nouns iliclds ilr Co, Montreal, to Stewart McCall Frontenac . . 18 5% 1931 mo” lcnesdc 00., B8 Great George Stiezt. National Breweries .. 26%. W" m“ 5% 1937 10335 Charlottetown. - National Steel Oar ‘a!’ I 510"» 1933 102.50 Quote: 0t closing. June as. mo. Canada Bronze rlllllvigu? 51m m, 10L” ‘ » . Canada Melting . 41 lizgvmow mam“; 5w; 1937 1on0 “mmmu M°n°ml mm‘ ' mczfnel-ien-iii ........... .... .. ma. 1932 1014s Noranda ..... - __ I a 94o "on . _ 65l Refunding . . .. . M; o l . AblLbl . . . . .. 251s Power corporation - new“: 5,”, m3 m“, Alberta P601113 Gflilh‘. ....'. 15% Price BT05. ... .-- B” la1undlng ... -- (racy, 1944 981m “bet-toe 25 cts Quel-uc Po-icr 5-,Rérun 4w»; 1946 93m Bnziiqn ___ ___ 41 ghqwlnlgan .. 62%, 41118 . . . . . .-. 5 5-011 .. .. 1716 smelters -- - - __—‘_—'—'_' P‘ ' F. ' 3~QiPower ... .. ... ... .. 38% steel of Canada y __ aiillamiz Products 2a Steel of canias rm . :3] Large Over Bgdy, Ifchgd celled: Car .. 19 sin-ions . a Canada ement .. . 14K Winnipeg Electric 38% and CllllCllffl Healedi cifflda Power and Paper 1316 ,. l lwaabofliuedwlthl thataffected yfncanochlrmllnd Canada Brewing . 6% NEW YORK "mm. "d “n”; ‘u J,,"",Ll§'s°<iy_ They wrdln very large. and the Dfimlnlon Bridge . . . . . . ..." 48% I more lscratched the more they ltched and burned. The Irritation was ‘ foreifli Power Securities , 3-, Amen,“ c“, 113% pas?’ ‘ingot-slabs. atndnig clothing aggravated the breaking out. 1' 5011111811! .... 0 Allegheny ... -. 19% "lroadanad semantllirCiitlcmnSoapandmntmentandsent (‘we BI as“; wuss ' 1 Anaconda .. ... ... 46% foratreaaampla. lgotrallafaopurchasod morqand after ualni 1W1‘ y , 1 Avm,“ _ _'_ ____ ggsg eakesofCuticuraSoa and threeandabalfbomesofCutlcura Oint- ,,__ ‘ d - 4.90mi‘ t d an" * m moiiiiim healed” rslflnod) Mn. JoaephPolowy, Hilliard, Alberta. :1 . 191a Crnsol se '--- _ ' . . "'5"ii-‘l5lJKl§§o1".’.'. '."$'%‘Commorcla1 mlvcnt ... ;--- 91% ’x%?&°e?l'l§.“$‘b3#i'%€5%$$u‘ifi'ifin“"'““ hie-rusting ma; aimqwgim atoms ..., .... .... 11K