‘l l ............»¢ if , . l__ .-- . M ....~"»'»..'~.- .- - ._ ` '-'.';_.-"~' . .. .Z V _ :l -.;l,-.~_.'_",»1‘-..;. .- '.,~,, ~_.>,_~.- _ =._-, .. L~..-._-_-ip "mei-1- .-‘:,‘_-‘for it -..,-.;. f~-3.5. ' , ,-"»l-in-.=,-. .._. .... . . »,. 1. -0. . 1 .., _. .g..,.,-1., ..<- 1-sf .sau . j ' - ~..'-i“*»_~' I ’ " , , . . f t . -rr" JANUARY 1 5 _» . 1. . »_. - ._ __ _ ' _ . __ ,L" _ _ _ _,_, _ ' i~nE.ciianLm'mT0wN,§,U4RDlAN- . so -l . . ~:--. . __ I 07” 'li " ' if :W "W V W0 I I Following dividends eompanieeas stated by oneoftlie Charlottetown _ __ _ dailvnewsiiai=en.t913: _ __ P _ 5 A LN -oi=- ' Glenaladale Silver _ black Fox Company _ ---ll......i..l i 5 ' Incorporated Under the Laws of Prince Edward Island - ' AUTHORIZED CAPlTAL............... .'.%L:..$60,000 _ (Now to be Increased to $300,000) In 12.000 Shares of $25 Each _QF DlF¥EC>‘l'¢§S: PRESIDENT Among the dividends paid this year, 1914, in spite of the war, are the following: Ranch , ._,__,__, authorized ' Cash or _ = __ _ 1 ' capital Dividend Cent. BllI\l|'y . . . . . . . . . . . . . . una.-;'..f.-i f.»¢1»~..’l°oMo ‘$201000 380 Sprint Park .. ..... ... . . ...,.. WNW 45.000 45 . .. .. . _ 00.000 110.000 000 emma ._ . . .. . 0. . . .....s0.000 00000 .100 sinlui ........................ . 150.000- 0°-000 40 Dalton .... .. . . . . . . . . . . . . . . . . . . . . . .. . . .. 635.000 250.000 40 ` . . . , 25.000 23.000` 295 ilivnrzyhigumr . .. . . . 50.000 100.750 100 magic . . . 100.000 112,000 112 ._ _ . 30.000 60.500 15 vinci.. . . . . . . . . . . . . . . . . . . , ._ . .. 190,000 ' 114.000 200 niveisiiie Pu-iiiiuz cainliany 50.000 112,500- -.225 n5yany,......... .. 00,000 210.000 340 Hllgllet ..._ :.. 0'Leary..... Pioneer . . . . . .. North Shore Tyne \'alley..... Maritime lv ._ 50,000 170,000 40 .. 40.000 s.000 -zo .... .. 100.000 225.000 225 . . . . . . . . . . . . . . . . .. .. 100.000 25,000 25 10.000 50.000 500 _ 10,000 37.500 50 40,000 13.333 33 llalpeque Si er Fox Co........... 40.000 30.000 75 Seal River . . . . . . . ........................ .. 51.000. zs,500 ` 00 The average cash dividend ottlioee-companies is 208 per‘cent. ~ ' , cl ian le silver Black 1-‘ox co.. Lid.. 100 liar cent- 50 ner cent- in wah- John J' McDonald’ ESQ" Merchant' of Tracadie Cross’ P' E' I ma soapei- miie amen bonus Auoouenlwrse or so Pen clzN1'./mo WHATEVER MORE FOR 1915 _ Westmoreland Silver and Tip Patch Co. 10 per cent. 35 per cent. cash. Stock. 35 per cent. Rayner International. 40 per cent. 20 per cent. cash. 20 per cent. deterred. R. J. McNeill Co., Ltd., 100 per cent. 50 per cent. cash. 50 per cent. stock VICE-PRESIDENT Joseph Egan, of Southport, P. E. I. RANCH MANAGER ~ Arthur McKinnon - SECRETARY-TREASURER Major McKinnon, of Glenaladale, P. E. I. BANKERS Royal Bank of Canada, Charlottetown SOLICITORS McLean & McKinnon, Charlottetown REGISTERED OFFICE Glenaladale, P. E. I. PROSPECTUS The name of the Company shall be The Glenaladale Silver Black Fox Co.. Lid. The Company has been formed for the purpose of breeding, raising, buying, selling and dealing in Silver Black Foxes, foxes of other breeds, other furbearing animals, cattle, sheep, horses and other live stock, and to carry on farming, ranching and kindred businesses. The ranch of the Company is located on the estate of Glenaladale, the property of Major C. McKinnon, and formerly owned by Sir William MacDonald, the finest landed property in the Province its buildings alone being valued at $50,000. ‘ The holding of the Company consists of_ six pairs of Silver Black Foxes, (proven breeders), and fourteen pairs of 19l_4 pups. The twenty pairs being young, may reasonably be expected to give good results for a period of ten years. These foxes have been carefully selected from the best strains of Prince Edward Island, Newfoundland and Western foxes, and have been _chosen with a view to produce size and quality in offspring. Great care has been exercised in making the selections and no option has been taken except with thc proviso that the pups shall be approved by Major McKinnon. The proceeds of thisissue will provide sufficient capital to pay for the twenty pair of foxes at $15,000 per pair, and permit sufficzent capital being placed in the treasury to defray all working expenses for next year. - The qualification of the Directors shall be the holding of shares in the Company to the amount of five hundred dollars. _ The Secretary-Treasurer, Major McKinnon, in whose personal control the ranch is, hashad considerable experience as a fox ranche_i, and is well known throughout the length and breadth of the Province _as an experienced and reliable breeder of and dealer in all kinds ot live stock. 'I he ?nch has his personal supervision. The Directors will retain $80,000 worth of stock in the ompany. The ranclier, or keeper, Mr. Arthur W. McKinnon, has had much experiencein breeding foxes and has the practical knowledge necessary to efficiently manage and care for the animals. The Glenaladale Silver Black Fox Company Ltd., eamed one hundred per cent dividend in 1191.34. __The prospects for 1914-5 are such as to give reasonable anticipations of at least 50 per cent. lvi en . _ The Company has no "watered" stock, and commission on the sale of shares is limited to a maximum of fifteen per cent_._but. arrangements have been made whereby no more than ten per cent. shall be paid, the Secretary-l rcasurer handling the bulk of the issue direct. The demand for pure ranch bred Silver Black Foxes for breeding purposes is greater than the supply, and_wlll probably rc-main so for at least three years. The domesticatlon of the precious Silver- Black Fox is an entirely vcw,and an enormously profitable industry from a pelt value alone, and accordlnu to calculations by experts, exceptionally high dividends, averagein twenty-three per cent. will be elitainable for fifteen years after a pelt basis has been reached, and; thereafter a minimum average dividend of fifteen per cent. at which profitable foundation the industry should remain. The Fox Pelts have advanced greatly in price since 1910. Below are the particulars of sale of ii consi nment of Silver' Fox Furs,shipped from Prince Edward Island ranches to London, England, and so 5 there in March, 1910: No. of Skins. Kind. Price. 1 Sllvcr £310 1 ` ,, X 530 1 ,, 210 . 1 .. 100 ill ., (Damaged) (46) 1 ,, 280 1 ,, 540 .. 310 .. nt .C220 440 ,, 430 at £125 250 ”_....-».-»..¢..»-in-in rn.-i-»N"*hl"‘ 1 li I ' .'.' - 340 ,, 340 .. 340 _ __ 2” .. 200 ‘ ., I 370 ' ,, 165 .. X 500 .. 270 V , .. 200 ., ` 280 .. 290 ., at £210 420 _ ., 1 . casio - Avernge+£284. 15s. 2d., or $1,385.08, per skin. .n These tlguris may be veri..ed by inquiry to Messrs C.M.I,illppeon& Company.64Quecn Street, London, E. C. .~ 'P ‘ " Ali ei`¢_|iert Fur Broker from London in 1913 estimated the value of fur.of the £o'teslrl*the 3 i l bonus. Black Prince Fox Co., 50 per cent. Murray Harbor S. B. Fox Co., 30 per cent. Crapsud S. B. Fox Co., 40 per cent. New London Fox and Farm Lands, Ltd., 200 per cent. Royal Silver Black Fox Co., 110 per cent. Diamond Silver Black Fox Co., S0 per cent. Carruthers' Silver Black Fox Co., 30 p er cent. Provincial Silver Black Fox Co., 40 per cent. Ellis Silver Black Beauty Fox Co., 60 per cent. Magic Fox Co., 50 per cent. Richmond Bay Fox Co., 20 per cent. 4 Shares are selling at $25.00 each; 25 p. c. with application and the balance within t Simgly till out the application form and mail to Major C. McKinnon, Secre Glenala , P. E I. ' All cheques must be made payable to “Glenaladale Silver Black Fox Co., Ltd" APPLICATION FORM I Mliloll C. McKlNxoN, Gi.i:r~'.siAp_fiLl-:, P. E. I. Secretary-Treasurer “Tm-: GLENALAD/\i.n Sll.vi=.li Bl.Ac Fox Coi~il>.1\.~