1 . l s. v 1 l é l 1 4-, _ _.. E i E I if ' .- ai 1 ' | 1 1 I , b',i'~ sri.. mmnannufn Nm: Am/or Ill we t 3%? "c vi/ 0 1': -59° B ~ ‘.‘:'.'f-'Lf fl 'Ti .gl .~. .. '_§¢ “Cc "J . 1 t __l ' JULY 5.19? ‘ ` F “?".1,”’ 4 \ 1-nc ur1a1..-:1.s°~'“'~° - nrr»|as.nna.1¢itco.i..s.1o1susc¢nisi.*r¢rnsso ` ...-__ ~ - Q i‘ WG, .\, _,__ N _ _ l'July ....... .......... £5 _.side ,_ . _ .~>_. 1 v _ 1 1 T' ,UST _,R1;WED_ _ FROM ENGLAND A nice fresh stock oi Naylor's Genuine ThLs product will stand the weather better and ¢o inr- the: _'Lau any other lead on the market. Also always on hand Paint Oli, Turpentine, Dryers, etc., etc. - . _ Bethune Hardware Go. ltd. raorrn 151. _ _ _ 1z_a_que§r`\_ street. “THE FRIENDLY HARDWARE STORE” - _ H°W¢_ -~~ '°° - Q* i°’i"'-’“°“"' _ _ThC BCS! Staff f01' H012 D3y` imtsr Utilities-B l 'BT'*’“"'“ 7_E“_f“ __;'3-gg . ' l,fili5_sns'..'....`.. s1.a1 I sul: l 'suis' _Sent l J_ . ' f ‘ "'f _ ' oar; l 1 . 'July . . . . . ._ ‘ 1 . l` ,e»y'z.oi»'Aes¢u sr co. cnarinimown » . _ uanrrax _ Fu? a.-Quotations turniaixed _by Johnston and Ward Members llontreai stock nrenm¢e._ ilxowruai. srocx axciuwois Ablnm 42-.5 a.l.sttsim1>io._............5% I n stseiaaa md. ..............~zo=a_ Mli`sourlKan.&'1‘exaa Ry. 403 1 `itiohv.resl`Power 111 f Natl. Breweries 136 ; winnipeg Elec. 'I6 mswiuirsn aaif. Domlnlon_Bridxe 112 Massey Harris 5651 asbestos chu. cum Powercorporation Foreign securities inter uuuues--A . 10 1 so 1 iosiil as no-ns* ~l¢¢_>:si is~i.v~ Br..Am.0ll imperial _ . . BANKS 346 ` Bank‘Mont.real`....`....... 330 wuaar 1l.7%_ 122925 nee. izav. I ‘ _ ‘ cons ms we nec. sin l "lt, f 44% 44’/. ms l._........................ _ _....................... x' - _ ,l,. . _ __ MINING sxcnaimr: \totAt.ion'a_ furnished through court- Odce. `7'_`_ . »~ L ' '; Noon Close $1.80 .08‘/5 .28 .25 1.34 1.31 .20 .l.'l .29 .30 ‘.30 4.30 .37 .37 1.45 1.52 .U4 .0454 .03 .00 .00 .04 .15 .44 10 .io _ Aeaugs .. .os'.~<.` Amity copper Amuletf...‘ 4s.1_ousi`ou .. Big‘M_lpsouri_.._. luckinabim-... Bunker’-11111 ¢ip'xtai.nouyo.... oeatisi-igmlwss o1sn_¢y_..; ,.. Dalits .. lass 10.15 niuiotlsls a.95_ 3.95 iloot|'i_in`ou.4r oss 7.25 lletiboiiiirldse ..‘. 13.25 Granadk .27 liollindsr' .,. ... 5.50 115| 11.40 52.50 13.05 at 5.50 y _ . 1.11. r`rui1‘aLizA'rioN _ . ' ' ' _ .` (On u mpletion of this linancing) - 1- ' ‘ _Authorized issued 5%? Fjrst (Close_r_1)fMort age Bonds . . . . . . . . . . . . . . . . . . . . . . $9,000,000 $5,000,000 7 Cum ativ`e Kedeemalie Preference Shares ._ . . . . .. 3 500 000 2 930000 ' 1 '7 l ° ` _ ` . . . . . . . . - . . . ` ‘Class "BH Preference Shares, of no par value. . . . . .-. . . . . . . . . 25,000 sbs. 25,000 shs. CommonSharet,ofnoparvalue.......................... 100,000shs. l00,000sbs. ‘With cumulative dividend of‘$6 per annum. Dnrn"piior` circular, copvr 4? wlich will be :applied upon requert, contain; a letter from Mr. jamu Stewart, Prrrs'_d:n.t of tlir Company, rom which hr rummarizzr: ' _ 1 » . THE _COMPANYL Maple Leaf Milling Company, Limited, was incorporated in 1910 under the laws of the Province of. Oneario,~and has with its redecessors been in succcssfu o eration for more than 25.ycars . _ lt has complete facilities for tl1e_manufa_cture and distribution of Hour and fied, and has the largest capacity of any flour-milhngdcompany in Canada. It also controls four Canadian bread companies, including Canada g, Brea Compa'ny,. imited, and Canadian Bakeries, Limited, two ofthe principal baking organizations in \__<¢ thc.D_0_mini,on. _The controlled businesses provide an increasing domestic outlet for a substantial part of the Cornpany’s flour production. Pl.2ANTS‘AND PROPERTIES: n. Flour mills owned by the Company and by its wholly owned subsidiaries, Campbell'Flo_ur~.Milla Company, Limited, and l-ledlev Shaw Milling Company, Limited, are located at Port . Colborne; Kcnora,'Weat Toronto, Thorold, Welland, Peterborough and Pickering, Ont., Brandon, Man., and Mgdicino Hat, Alta. -These mills have a combined capacity for the manufacture of flour of 23,400 barrels daily. The Company also owns and operates at Montreal, Que., and Toronto, Ont., feed mills with a combined ' lake freighter .w_ith_a_cap_acity»of 2,4-00 tons. ' _ VALUE OF ASSETS: -Fixed assets of Maple Leaf Milling Company, Limited, speclhcally mortgaged, and Gxed assets of Cam bell Flour Mills Company, Limited, and Hed ey Shaw Milllng_Co__rn any, Limited, sp..~ ' daily outpurof some S00`tons, and operates SS countr elevators advanta eously situated in the Provinces of Ml!'li!0ll2,fSukatch_e'wan _and Alberta, through which grain is forwarded from the .Western Provinces. ln connection with the storage and forwardin fflour, warehouses are owned at Hamilton, Winnipeg, Montreal, _ Ottawa, Ka`mlpops,_B.C. and Salncjohn, HB., and the Company also owns, through a subsidiary, a modern f . 1 ciflcally cl1`al;gei‘l _under the 'collateral mortgages, have a combined value as ac _[une 18th, ll929, accordin to a certihcace Q .Canadian Appraisal Com any, Limited, of $7,851,695. Investments are carried at :Took value of $2,047,664, a figure far below their immediately realizable value. tihed by Messrs. ‘Edwards,'- Morgan & Co., Chartered Accountants, as at March 315:, 1929, after e`Eect to' this iiriancihg,-amount_‘to $4,081,414. _ A » 1 " ' ` ‘ 'Net' current' assets' (working capital), according to Consolidated Balance Sheer of the Company, cer- giving _ _ _ _ Combined hxed-an'd»net current assets as above (including fixed assets not specifically mortgaged » and after deduction of $126,100' subsidiary compan 's bonds) therefore amount to $14,536,313, as against _ $5,0(X),0(p of Bonds now to_be issued, or more than £2,900 for each $1,000 Bond. ` ‘ ` EARNINGS: Based upon the annual net earnings of Maple Leaf Milling Company, Limited, for the three years ended March 31st, ‘1929, afte`r de reciation and all taxes, as certified by Messrs. Edwards, Morgan 81 Co., . avg; ¢ gnnual earnings were ,$716,766. _Net eamings_on the samc_basis for the year ended March 31st, 1929, were 51,135,394, or more than four times the annual interest requirement of $2 5,000 on bonds of this issue. Earnings'-prlor_to 1929 ‘did not fully rellect substantial operating economies whiclfhave since been effected. From the proceeds of _'this hnanciug the Company will have the cnefit of the _added eamlng ' in its 'business of funds ln excess of $2,800,000. _ _ bonds lssued,`plus interest on b0nds'redeemed, commencing june lst, 1930. power *i SINKING FUND:_ The Tnist Deed will provide for an annual cumulative sinking fund equal to 2% of all GENERAL: Flourfmilling la one of the basic industries of Canada, and is inseparably bound up with its increasing‘-production of grain. As a result _of better ordered conditions surroundindg the industry in Canada, the Company’s productionfbothfor domestic and export consumption has increase . A _more stable domestic market has‘al§o"beenlprov1dcd for the Company’s products through its investment in subsidiary baking ' ‘ con1panies,'which providefa steady outlet for a part of its production. ~ » ojrr tl|.c.rr,Bond.v for delivery if, as and when irsizrd and received by ur, and rubjrrz to rpproval by coufuel of all procrédingr, _ - - ' 4 .1 9711/2|.-and--accrued interest, to yield over 5.70% .Ro_`yal' Securities Corporation, Limited Rile Building Charlottetown . . . . , . . _ . . . . . . . . . . . . _ . ‘_ y , WEDDING BELLS-A very quiet! _ Telephone 822 1 . .al .Z .l. . I: ". ¢f`__ \ Y ” `-“ °* - 1 K0¢`l¢y'..._ ... ... ... \ A-I' ‘ Ill tl _ CANADIAN PACIFIC ‘_ `nl.;nn_-...g,..`, f | ‘. ' ' " 1 .Mbboug n'.`..` 5 p. c. Equipment Trust- _ __ m,__,,,§_____ __ noncallable maturing .July 1. 1944.. "" Price 991/2 and interest yielding about 5.05 "°"”°" 1 _ms`lto5s_-satin .. .. i.\. P" °°"f- - I n...-ir.. 11. STEWART JONES & C05 si=ernt _ ents, Mr. and Mrs. J. D, Jenkins, ~ nuglkltd ' ' ' ' gmail -Evening Primrose, Sundrops, . Manic. ____ l Ggldén s`“m..i° ch,.y,,,¢1,,,,\,,,», osnothers.-pumlla 1.. (M: e0o> Mr. and Mrs. Raymond Newell who E .mmcmum schwui, 'mn |43) _fe » ` `~ ' Enchanter: Nlxhtshade, Circaea al- have been visiting at Braclrley Point, 0"” ng P_arnaaall`|._ 'L |'l’,l“_l_ P- (Ml 5°?) _ nord. P. ir. 1. the susst or tus ist- pun,” ,__ M, m, 5 “ wgmo, .war-Q. ter’s parents, Mr. and Mrs. Albert J- 5 m d °_,ei,§,,'.y`_ 'Bling 'oirysbin oi matrioulation Wise, left on Friday last for their l thgam L_ :’M';_4¢1}' _I »` _ _~ ~ < 1' »._::Cqrns cripple .the lest and make September 24th to home in Roxbury, Mass. | wud B,-gk c_m.mt_‘mb“ mngum ._ wqgm! |, tgrmgo; yet mrs roller in ' -M9” _m‘?'°~1‘l‘u’ 4 - ‘una (M351) ' ' ' ' ' ' "'.',<- ' 'the _'shape ol Holloway's Corn Re xhmmnmuhd pau; Mr. and Mrs. John pardine. sw.'mp .Bbw qm.‘_.’_,,',,__' ; lnl_>\_l¢_r_ i.s_ within reach oi all. _ ustre (Perm Pair) IWW) 7 ` ~- “ , __ _fi . . _ srnnr o..mnt.~.amsr7'_,s¢cmua. L'H0i’. 1.. or I (1111: .nlrnt #UNI ..;__.____.....h_..h__.“__.‘.‘.. _ ,, °"‘“‘\’ ---“i“'“""+ _ ELLIGURA l’"“‘“°"°"“°'““"°l"“°"“‘° f?iTi“’“"‘f’”f°'?*".“iT`f“°."‘7;'-*fff"`* ........n fo. wiusw-wh -»f w“'""'m' D. ‘ ` 'L ` 'PIMPLES and Q, _ _ Water' dtsrwort, Callitrichc verna Rev. R. Hensley Stavert, M. A., B. D.. Frank Reeves, Charlotte- XXV HALORAGEAE _ " in the presence of a number oi the town on Saturday enroute to_Bl'00li-` 'Water' Mllioll Myri0l7hy1l\1m Sl>iCH-_ ~ friends ot the contracting parties. lyn. While ln Charlottetown; they tum-L._1M: 5031 The gloom was ably supported by Mr.` were guests oi Mr. and Mrs. Daniel Mai-e's Tail. H1l>PlU‘lS “1122-YB L Wilbur R. Younker, while the bride Dixon, Birchwood Street. (M: 605) 1 N | xxvr c/mmrmcuacizac StQ1‘e Cpen f' 202 Richmond street ' Between Gt. George and Prince Sts. Lobsters and Oysters in season. Light Lunches served. We carry n line of Fruit, Confectionery, Tobacco, Cigarettes, Pipes and Soft Drinks, Clams and Quahaughs served now. OPEN 8 A. M. TO 11 P. M. STORE OPEN SUNDAYS DURING JULY AND AUGUST. _ ‘ ' M l slustre 1. uv: 591) 1% W ,,, M - _ __ _P . - - - - - . the h°me °f the brides parents “t . ‘_ " ?`Northern Willow-herb, Epllobiumf _ . ~ ~ __ S roy ‘<1: ai ‘ ` v "~‘“‘°*,,‘§',§,°,,,‘+‘,,°“‘*,~ _‘ff *eczema sous. usp an amartoo of the ',_,,,-.fr.=;v.‘n~-sd."*f_...si\ 5 s1<1N Diseases ~ ~- - - 1».'°<`\i'=*~5f'-L-“= M' To.ba had at all §;ll1°§` $1.25. The' HI) iid .__ t _ >\ ‘_._»M 33% Es As -~