There is nothing in which Maritime Pro - ° 
     
     vinces 960916 have greater confidence 
     
     than in the unfailing dependability of 
     
    
   
   
    
          
     
    
   
   
    
     The have learned by“ ' h 
     
     0M0 SE’S quality, is afivggrlislegee lsesatt.“ 
     
    
   
   
    
     nilsllima Victims. The man orence of life itself. From ' 
     
     woman sable" 1° asthma. ls lndeedconditlon Dr. J. D. K121103211: has? 
     
     a victim. What can be more ter-thma Remedy has brought many to 
     
     rliying 1111111 19° Suddenly be seizedcomplete restored health and happi- 
     
     with P111°XY$1115 01 0110111118 which ness. It is known and prized in 
     
     seem to fairly threaten the exist-every section of this bltflad land. 
     
    
   
   
    
     ANNOUNCEMENT 
     
    
   
   
    
     For thc convcnicnile oi‘ our (zllfinlg 
     
    
   
   
    
     1111111111111151111111. We Iiiivc tlpcneil an tiflice in the 
     
    
   
   
    
     in Prim-c 
     
     MacArthur lilock, Summer SL, Summon-side, “thew l 
     
     11111- 1101110111111 110E915. Jlu, our Prince Edward 1s. 
     
     land representatives-will bc glad to help in invest- 
     
     ment matters. Mail inquiries directed to Box 355i, 
     
    
   
   
    
     “1111111111511113- W111 Twelve prompt attention, 
     
    
   
   
    
     1JonivsT0N1~»v/A@ 
     
    
   
   
    
     Head Office: 1'71 St. James St., Montreal 
     
    
   
   
    
     hlflfibfllliflfl: Montreal Stock Exchange, Toronto ffitock EKCIiAJIF, 
     
     Monlrrul (‘urh hlnriset. Winnipeg (iriiln Exchange, 
     
     _ (‘hlculu lloiiril‘ of 'l‘ruiln. 
     
    
   
   
    
     The Public Forum 
     
    
   
   
    
     This column is open for the 
     
     discussion by correspondents 
     
     of questions ol interest. The 
     
     Chafiattetown Guardian does 
     
     not ecossu "y endorse the 
     
     opinions of correspondents. 
     
    
   
   
    
     Vvwv 
     
    
   
   
    
     "O-O-VO-O-O-OQ-O-OQfOO-OO-OQ-O-O 
     
    
   
   
    
     MILK VENDOR TEST. 
     
    
   
   
    
     ‘Sil',-—ill the Police Court Moli- 
     
     lllly. two canes milk under tcsl 
     
     were before ills llonnr, Q being 
     
     let oft‘ and tho othcl- fin l. Wily 
     
     wcrti tilt-y not bath lint-d? Was 
     
     it the few trlieap t1Xi7llH02<l liiiit tho 
     
     tllsmil-lscd one inudc silvod LN!‘ 
     
     line? Some pretty strong stato- 
     
     mcllls were made, goini: so far as 
     
     111 11113’ tho inilk ului-it have ‘been 
     
     111111l1l'rctl witii, illal. it iviis not 
     
     l11“1|1"1'1l/ liaiititrtl UVPI‘ ltl ‘llr. (Iro- 
     
     kl-n. These statements cunlo 
     
     froin tho (‘tiui-t. Mr. lilrtivliislio 
     
    
   
   
    
     alt-r told lilo Oifii-ci- when ill‘. was 
     
     11111111115 111" 11111111111‘. that it would 
     
     not go llln lest; iilai sonic iillrilllilt‘ 
     
     was mudc. in filling ll. Now do 
     
     ill" cousuiilt-ru who pay lhg-‘ir illozl- 
     
     t-y for silt-h milk, lilivc lo put up 
     
     with this troalini-lit‘! 'l‘iit- It'll!“- 
     
     siti-r klll1W th-- uiilii was not good, 
     
    
   
   
    
     iliil hail it not liccil for llll! 'l‘t~iil 
     
     lill‘ coiisuliil-i" would not haw 
     
     illlltwii it. l do not illiiik it is up 
     
    
   
   
    
     to liii- lilo poiict- or iilly oiio _ it) 
     
     ‘make cxl-ustlii for vviitltirs tlclivter- 
     
     ing lulik illltlt-‘l’ tcsi. 'l‘ht=y slioili-l 
     
     lzfi lly lhl- report of Dr. (Yrokoii, 
     
     l ain Sir, ctc., 
     
     tiONSlilbildlt 
     
    
   
   
    
     Vote PTOHlTllZiOIl 
     
     ‘A F a i l ll r e 
     
    
   
   
    
     (The Catholic Record) 
     
     New York-Answers made by 
     
     members of the Protestant Episco- 
     
    
   
   
    
     THE EASTERN CANADASAVINGS AND tom 
     
     COMPANY. I 
     
     HEAD OFFICE, HALIFAX, _NOVA SCOTIA 
     
     " ESTABLISHED 1am 
     
    
   
   
    
     PAID UP CAPITAL, $750,000. RESERVE, $361,000 
     
    
   
   
    
     LOANS 0N REAL ESTATE . 
     
    
   
   
    
     _ Farming is our basic industry, and under the 
     
     improved conditions values will increase. Now is 
     
     the time for you to buy that farm for your son and 
     
     have him locate near you. Repayment on our in- 
     
     stalment plan can be made monthly, quarterly, 
     
     half-yearly or yearly. ' 
     
    

    
     For Prince County Macklnnon 8t McNei|l, 
     
    
   
   
    
     Apply tO—-— _ Charlgfietgwn Wlicn llilSllltiflllg tlic qliflflilfinvaispilji]1111:‘?his‘;(Illllilgilflsfl;   approval 0/ counsel of u” proceedings! ML. 
     
     B w Tanto" Ade t d S l. - "Should the Eighteenth Allltfllti-l _ 1~_1'_ i 1 1' “ '1. 
     
     ' ' v b n S a." O ICITOTS mom b? l-epeuled?“ 953 of [he ol shipping its ]ll't1tillt'(1 lo tlic ol-  d d ~ te t to ~  bout 6  
     
     Barrister, Etc., for Prince Edward net-twine“ answerer  mu su-  1,‘ “'11 w", 111,111" a" a°°'“° "1 "is ' 11° a ' ° 
     
     . l-N v one Lhmpand [om- hundypd provisions o ilo ‘mils-tiara mil, 
     
     Suw1mer51de- Island. ans (Aventy-ong answered "Yes" u) pat-t. llial tho lslaliitl should haw-i 
     
    
   
   
    
     —_ 
     
     Safety 
     
    
   
   
    
     Of Invested Funds depends to ii large extent on tlic. 
     
     margin nl equity protecting the investment. 
     
    
   
   
    
     For every $100 Preferred Stock oi‘ Federated Capital 
     
     Corporation issued there is $150 of Liquid Assets or an 
     
     equity of 150%. There arefew Investment Trust offerings 
     
     which give the Investor this margin of safety, 
     
    
   
   
    
     Ask for complete particulars including latest financial 
     
     statement. 
     
    
   
   
    
     Eastern Securities 60., Ltd. 
     
    
   
   
    
      -. Yiuvesrivinlvr BANKERS - 
     
    
   
   
    
     W. ill. V. DUNBAR, Mgn, (Jliarltittetown 
     
    
   
   
    
         
     
    
   
   
    
       
     
    
   
   
    
          
     
       
     
    
   
   
    
     St. John 7 -' Montreal Halifax 
     
       
     
    
   
   
    
       
     
    
   
   
    
     High Analysis Fertilizers 
     
     Are Cheapest 
     
    
   
   
    
     This o ion is unanimous. Our mixed formulas, A. B. 
     
     and N, S. pocial curry from 20% to 28% plant food, and 
     
     are the highest grade and most concentrated brands offer- 
     
     ed in Canada today. 
     
    
   
   
    
     T118 amount of plant food required can be regulated b! 
     
     the quantity  Low analysis grades are cheap p01“ ton. 
     
     11111- llllh per pound of plant food. Do not be misled in 
     
     tllll respect. 
     
    
   
   
    
     You might spin wool and weave cloth for your own use 
     
     as in tile-sunny», but it docs not liar. neither 11m lt luv 
     
     to mix your own lertlllacrs at home. The man who any! 
     
     on cost u practically nil in this i-esirwl 1r one who irlww I 
     
     1'"! poor valuation on his time. .1 
     
    

    
     Our high grade fertilisers armnot an expense. Th0! 
     
     have been tried and proven. ‘Iheli- adventures are ml 
     
     advantages and ll you are not a user you will do well to talk 
     
    

    
     ~wlth somebody who has used theie brands before you place 
     
     Your ordei- this year. ' 
     
    
   
   
    
     We also handle other fertilisers of all 111110! B1111 811111- 
     
     iimit may be obtained n any llme w» 11w"- 
     
    
   
   
    
     Miimi fertilisers mi i.."...i.i...a In good fltfflll‘ mt hoop 
     
     barrels at a cost of 51c ouch additional. 9 115F101! 0i 231% 
     
     ~ 1h- qnh; to lie ton. . ‘ 
     
    
   
   
    
     Qolonlal Fertilizer Company. a 
     
     ._,,,,,,,,., ,,,,,’,.,,, ufilflljgofl, ,- sconii 1 i 
     
    
   
   
    
     in ins 
     
    
   
   
    
     pal clergy to a nationwide question- 
     
     naire sent out by the Church Tenl- 
     
     periince Society of that denomina- 
     
     tion indicate by a vote of almost 
     
     tliree-to-one that prohibition is a 
     
     failure. This was announced fol- 
     
     lowing .'l meeting of the board of 
     
     directors of the Society at which 
     
     tile Rev, Dr. Charles A. Livingston 
     
     cl‘ Setauket, L. I., chairman, read 
     
     tlic report oil the poll. The ques 
     
     ticnnaim was sent to 5,301 clergy- 
     
     man in all. , 
     
    

    
     In answer to the question, "Is 
     
     prohibition ll. success in your local- 
     
     ity?“ 1,304 of the reporting clergy- 
     
     men answered "No," while but 501 
     
     answered “Yes? The questionfiiave 
     
     we had the law long enough for a 
     
     fair trial?" was answered “Yes," by 
     
     1,329, and “No“ by 758. The an-. 
     
     swers to the question “Regard-l 
     
     lREiS of one's attitude toward the use‘ 
     
     cf liquor, do yoll believe a prohi ' 
     
     lion law offers the best solution for, 
     
     the problem of intemperanccii", 
     
     were “No". 1601; “Yes? 643. One 
     
     thousand three hundred and nine», 
     
     ty-nlne answered "Yes." to the 
     
     question "Should the Volsiearl Act, 
     
     bu modified?" Six hundred and soy-r, 
     
     only-three answered “No.“ - 
     
    
   
   
    
     the question "Are you willing to 
     
     cooperate with tlic Church ‘Demp- 
     
     eraiite Society in ii. campaign for 
     
     more practicable legislation in the 
     
     liitcrtist of tenlperancc and nlortal- 
     
     lly?“ Five hundred and two ans- 
     
     wered "No". 
     
    

    
     “The majority." tile report; said, 
     
     "favor a modification of the Vol- 
     
     stead Act with some form of Gov- 
     
     ernment control as in Quebec. In 
     
     addition to the answers received 
     
     on the postal cards, hundreds of 
     
     letters have been received from 
     
     bishops and rectors ln every State 
     
     in the Union, setting forth at 
     
     length their views about prohibi- 
     
     ;lon. 
     
    

    
     “All analysis of tiles-c reveals the 
     
     vast majority hold lillil; prohibition 
     
     ls wrong in principle and contrary 
     
     to Scripture, and for that rods-oil. 
     
     tlicy contend that even it‘ 100 pel- 
     
     ccnt enforcement could be obtained, 
     
     prohibition would still be a failure." 
     
    

    
     "Comparison of the present ques- 
     
     tionnaire with our former polls of 
     
     the clergy takerl before the Eight- 
     
     ceiith Amendment became tile law," 
     
     the report stated in conclusion. 
     
     "shows that those clergy that for- 
     
     merly believed in prohibition have 
     
     voted in full strength this time for 
     
     prohibition, except about 20 of the 
     
     prohibll-lonists who have had their 
     
     faith destroyed ll trying to build 
     
     character with a club." 
     
    

    
     In addition to Dr. Livingston, oth- 
     
     er members of the committee weie 
     
     the Venerable Archdeacon Joseph 
     
     H. Dooshon of Southern Ohio. the 
     
     Rev. Dr. John W. Gill of Brooklyn. 
     
     the Rlev. Dr. Frederick D. Evensorl 
     
     of Liberty, N. Y.. aild Christopher 
     
     T. Emett, Jr. The report was ad- 
     
     opted unanimously. 
     
    
   
   
    
           
     
    
   
   
    
     Your tongue is the best barometer of 
     
     your physlcalcondltlon. Look at lt every 
     
     momlng before breakfast. li it is coated 
     
     with white, allow or brown coloring. 
     
     and does not ave d clean red appearance 
     
     you are tonillpated and not well. 
     
    
   
   
    
     I 
     
     Heed Its Warning 
     
     Constipation causes more ailments than 
     
     all other diseases. Ind is the result of 
     
     not having a dall bowel movement- 
     
     Slck-headache, in igestio , blllousnesl 
     
     and 5111;)?! comgglgmngllciw.  yéllél; 
     
     cu s or a 
     
     CAAsFEWS LITTLE 1F] . P LS 
     
     "Sale laxative". Take a dose to-nlilill 
     
     and continue one pill alter each meal. 
     
     Don't slo —untll your tongue is clean. 
     
     You will surprised at the lonlc elicit 
     
     mt; doctor's‘ formula will have on you. 
     
    
   
   
    
     1411"“ “1'111"111'1‘ 11111. lhiit llii- leani- 
     
    
   
   
    
     lslriiln from tho new aiivciiturc t 
     
    
   
   
    
     THE ciiitaiiorriiirown optimum ‘- 
     
    
   
   
    
     PRINCE EDWARD ISLAND AND 
     
     MARITIME UNION 
     
    

    
     'l‘lic following letter appears in 
     
     tile Tol-oiltc Globe or a recent 
     
     talc, in rcply lu an Editorial Ill 
     
     lliai paper of Feb. 9th, on “Unit- 
     
     ing; the blailtilues," written at. the ~ 
     
     instance or Ml‘. H. J. Logan's (ex- 
     
     Illfillfbel‘ for Cumberland, N. S‘. in 
     
     11111 (3011111101180 letter in one of 
     
     the lMai-itime newspapers advocat- 
     
     ing tho union of the three Mari- 
     
     time Provinces. Tile writer is a ' 
     
     folmei- i1. E. Islander and will he 
     
     kindly remembered by many old 
     
     frli-ililnc- 
     
    

    
     To llie Editor 0t‘ the. Glob-e: 
     
    

    
     Shy-lli your editorial of Feb. 9 
     
     oil lliilting tlic Muritimes, you rc- 
     
     tcr to Mr. ll. .l. Logan, K.C., ii 
     
     foluler representative at Otllllllflf- 
     
     land in the Commons, as giving iii 
     
     a strong letter to one of the Muri- 
     
     tiiiu- tiowi-ipapl-l" Lil reasons for a 
     
     unloii of tho tlirtic Provlili-cu as 
     
     Iltt- surt-st Kliiil'llllil‘6 of Maritime 
     
     ]Jl‘t)l.{l‘t‘.~l.\l 13nd atlvuncieiilelit, and you 
     
     quotc iiiin as having said: "l silli- 
     
     niit w,- iiow sliouill ucaac dissipat- 
     
     lllll»! our l‘<'-.'i\)ill‘t'l‘.*i null energies in 
     
     l1ll‘l‘l1 ailiiiil camps and unlto for1iio 
     
     benefit ol‘ all." 
     
    

    
     ‘Flint ilic. .\1ill‘lllllll1 i1l‘0Vllll'~‘H 
     
     would il.. luoru prosperous and 
     
     iuukc nioic progress, ll" tiio_v sill‘- 
     
     lt iidi-i-ctl tiit-ir Provincial prcrouzit- 
     
     ivvil and sow-rallies to ii Maritime 
     
     l'iiloil ziilnlililstriltltiii isl1 pur-‘YY 
     
     political tllcury. lt is it t7illlllt'l“.l 
     
    
   
   
    
     NEW IS__SUE 
     
    
   
   
    
     Can 
     
     .   6%, 
     
    
   
   
    
     w.‘ be dated March lat, 
     
    
   
   
    
     at a premium of 5% 
     
     ulutui-ity without prcmi 
     
    
   
   
    
     President of the C0 
     
     THE COMPANY: 
     
    
   
   
    
     The Company 
     
     ‘has for many years 
     
    
   
   
    
     lllill vilnfoillis to thi- present-tiny 
     
     wirltl t'X|ll1t|l1‘lll‘11 for (‘ttlllbilltlilfill 
     
     ii 
     
    
   
   
    
     iid ainiiluiililiiiiiilv-iiii idea that is 
     
     \\“l\'\‘ iii favor of lllt1 vi-stcil iii- 
     
     ‘ alill priviitsgteil tilasst-s as 
     
     ill-flilllllii. the ltlllllii-‘I masses. ' 
     
    

    
     lii- tho fiilaiiciiil exigencies til, 
     
     prwtftllifciierution tlll_\'i<l, llnwc aiirl’ 
     
     ,'|'l!|)[lt1l',ill0 Nova Scotln leaders. 
     
     ;\\‘ll0 ivcre at tliiit time undergoing 
     
     lptllllltflll iilraittaniiig, llltiln instru- 
     
     ‘illflllllll in calling li Illarltline coil- 
     
     vclititiii tllul lll0i at (‘hiirlntlclou-rl 
     
     ilil 1864 to tionsitlci‘ Maritime Un- 
     
     ,ilon, and was lntoi- joined by the, 
     
     ;tilcn Upper and Lower Calladnf 
     
     lrcprciieiitaiives headed by John A. . 
     
     placlloiialll, Willi, oil arriving at thci 
     
     convention, registered liimsclt 3S1 
     
     lJolili A. Matelhiiialil, “cubiilcul 
     
     pntikcr." Willi a vision of a great-Pi" 
     
     Idlllltlll (iawliiniz, upon them, this coil-l 
     
     .vciiticii was tllsiatllveti to niccl the‘ 
     
     ,iic.\'i inonlli at (Quebec. ' 
     
     1 After lilo Ciiurioltt-ltiwil t-otlvl-ll-j 
     
     lion ncitlit-i‘ iifililg uni- 'l‘uppi~i~ l'\'-'l' 
     
     ‘iigaiil iilflOlteli'i\ilil‘llllll0 Uiiloil, aiitl‘ 
     
     itillillllll-‘Zll repeal and accession i‘lllll-1 
     
     bi 
     
    
   
   
    
       
     
       
     
    
   
   
    
     illl-Zs were heard on ticcosion in! 
     
     Nova Scotiii tilc ol-igiilul contract-l 
     
     ling partners iii the Canadian Cfill-i, 
     
     |l'c-tl(-ratioil, with the Provillcias} 
     
     filial subsequently joined llleiil,1 
     
     illilW‘. hcoil thoroughly iiatisiflctl to; 
     
     ‘face illcir own problems, and work; 
     
     out with fear and trembllilp: lllllflfl 
     
     own political tlcalliil’. The question, 
     
     rr Miifltiillt‘ Unioli, alllltiuiili 1lllPl"‘ 
     
     nllttilitziy in thc air slliceCoilfcil-l 
     
     oration. never took hold of pflllbii,’ 
     
     Edward island or ut‘ tho other two.’ 
     
     blaritlme Provinces. , 
     
     After 1873, Princi-‘lfitliviiril Isl-j 
     
     uiltl cxpcrielicctl consitll-ral l i 
     
    
   
   
    
     these Debentures. 
     
    
   
   
    
     SiNKiNG FUND: 
     
     of Debentures of a 
     
     t September lst, 1929 
     
    
   
   
    
        
     
    
   
   
    
       
     
    
   
   
    
     lllll,‘ to its insular pouitioil~llzivlllitl 
     
    
   
   
    
     in continuous iviiitcr (‘tlllllnllllltftl-t} 
     
    
   
   
    
     We ofler these 
     
    
   
   
    
     t-tiiilllllitius slcani t-otitllltinit-uti-iiii f’ 
     
     with tho nluiillailti. Scnatoi- llolvi 
     
     bill's i-iollllitln was a lulincl lllltll'l‘l 
     
     tho Nortliiiinlici-lalid Strait ‘null 
     
     this was found to lit: loo oxptsiisivc‘ 
     
     ii sclicnlc. Print-c l‘]ll\\'i.\l'tl lsianlil 
     
     also i-lallilcil ii shiiri- oi‘ tho Ani- 
     
     1‘l‘lt'i'tll Flshcry Award, ualiicli lhi‘ 
     
     central (lovcrnlncut at Utlawu dill 
     
    
   
   
    
     Roy 
     
    
   
   
    
     CHARLOTTETOWN 
     
    
   
   
    
       
     
    
   
   
    
     ada Gypsumand Alabastine, 
     
    
   
   
    
     vulent at The Canadian Bank of Commerce, Paris, Onl.. Montreal, Toronto, Halifax. Saint John, Charlottetown, Quebec. Ottawa, 
     
     Tiamilfon, Winnipeg, Edmonton, Calgary, Regina, Vancouver or Victoria, or, at the optiun of the holder, in United States gold coin or 
     
     its equivalent at the Agency ofThe Canadian Bank cfComnlercc, New York, or in Sterling at The Cal-ind 
     
     Englandmt the fixed rate offilibgg to 1'1. Coupon Dc beiltui cs, denominations $1,000 and $500, with privilege ofrcgistration as to principal. 
     
     Redeemable at a premium of 5% up to and including February 28th, 1929, and lilrrcaitcr lip to and including February 28th, I947 
     
    
   
   
    
     (On completion of this transaction) To be To be 
     
     , Authorized Outstanding 
     
     ‘First Mortgage Sinking Fund Gold Bonds $4,000,000 $2,500,000‘ 
     
     ‘ 6% 20-Year Gold Debentures tthis issue) 1,000,000 l,000,000 
     
     Common Shares, no par value . . . ; . 100,000 slis. 75,994 shs. " 
     
    
   
   
    
     Debentures will be Lonvertibie at the holder's upilfln into Common Shares of nu par vnil-le: at the rate of l0 such 
     
     Common Shares for bush $1,000 Debentures, at any time prior to March lst, i933. Should termination of rights be brought 
     
     about through redemption of Debentures or othei wi: t’, 
     
     provided in the lnderiture. 
     
    
   
   
    
     Descriptivecircular,copies u] which ivill be supplied upon request, contains ii letter from Afr. R. E. Haire, 
     
    
   
   
    
     products; the sole producer in Canada of “Alabastine, ‘ illti a lingo iiinnuluctllrer of hydrated lime and other lime 
     
     products. The business of the Company and its predecessors has been in successful operation since i885. 
     
    
   
   
    
     Columbia Gypsum Company, Limited. On acquisiticii uf these properties, the Company will coillrol in» total 
     
     present production in Canada of“Gyproc“ Wail Btfilld. Blocks, Laliis, Partition and Roof Tiles, maiiufssturci 
     
     from gypsum, "Insulex" and "Alabasliiie.“'tiltl will lit‘ one of tilcdurgest Canadian producers of liaixl wail 
     
     - plaster, Plaster of Paris, hydrated linle and other lime piOdLlCIS. 
     
    
   
   
    
     PROPERTIES: The plants and prdperties oi’ the Company and those bcing acquired include iilills at 
     
     Caledonia and Lythmorc, Ont., Montreal, Que, Winnipeg, Mun, and Port Mann, B.C., for the manufacture of 
     
     gypsum produdts and in addition, plants at Paris, Elcra and Teeswaler, Onl.. for the manufacture of "Alabziiv 
     
     tine,” plaster, lime, etc. The Company controls at Caledonia, Onr., adjoininv its principal eastern mill, u developed 
     
     mine containing large reserves of raw gypsum and will control at Gypsunivilie, MUIL, the only developed gypsum 
     
     deposits in Manitoba, estimated to contain practically Liii unlimited supply of raw gypsum ; and ail addition Ill min:- at 
     
     Falkland, B.C. Other developed mines are owned or ccntiolied by the Company at Lylhmcire, Oill. and VI ibau. N.S. 
     
    
   
   
    
     SALES AND MARKETS: Consolidated sales have increased from approximately $2,206,640 for the yfll" i923 
     
     to $4,175,342 for the year 1927, largely through development of gypsum wallboard, blocks and other gypsum pru- 
     
     ducts, which are nationally advertised and are sold by an efficient organization throughout Canada. Export de- 
     
     mand from Great Britain, New Zealand and other countries is growing and will be supplied from Montreal ‘.ll'l_l 
     
     British Columbia plants. 
     
     VALUE OF CONSOLIDATED ASSETSI, Fixed assets, comprising freehold and leasehold lands, building, 
     
     equipment, mining lands held in fee, mining leases, licenses and rights and mining development thereon, have u 
     
     piesent value, based upon appraisals by the Canadian Appraisal Company, Limited, together with recent 
     
     additions and the Nova Scotia property, of $4,297,785. 
     
    

    
     Net current assets (working capital) on giving effect to this transaction as at 
     
     to the Company's balance sheet, amount to $804,624. 
     
    

    
     Consolidated fixed and net current assets as above (exclusive of valuable patent rights, goodwill and Sllfl"ll"./ 
     
     assets), therefore, amount to $5,102,409, equivalent, after deducting $2,500,000 First Mortgage Bonds, to 52,0112,- 
     
     409, as against $1,000,000 Debentures now to be outstanding. 
     
    
   
   
    
     EARNINGS: Based upon annual profits of the Company for the three years ended May 31st, i927, aiii of 
     
     properties now being acquired for the three years ended October 31st, i927, consolidated annual profits. uilcr 
     
     depreciation and depletion, but before Dominion income tax, and available for bond and debenture interest, 
     
     were: 1925, $303,438; 1926, $399,534; 1927, $557,701. » 
     
    

    
     1 Earnings on the same basis for the year ended December 31st, i927, were $645,146, equivalent after (lCTlllC- 
     
     ting interest on First Mortgage Bonds now to be outstanding to 8.4 times the annual interest requirement of 
     
    
   
   
    
     . It is estimated that this will be sufficient to retirgat par by maturity the Debentures now 
     
     being issued. In addition, an amount equivalent to 25% of the amount paid in any year by ivay of dividend 
     
     in excess of $3 per common share shall also be paid to thesinking fund. ' 
     
    
   
   
    
     MONTREAL QUEBEC TORONTO HALlFAX SAINT JOHN WINNIPEG VANCOUVER NEW YORK LONDON. ENG. 
     
    
   
   
    
     The ubovc statements are no! giiarantccil, bu! are based upon information which we believe to be reliable and on which we 
     
    
   
   
    
     $1,000,000 a p 
     
     L’ ‘t d 
     
     ZO-Year Convertible Sinking Fund Gold Debentures 
     
    

    
     i928, maturing March 1st, 1948. Principal and semi-annual interest payable in Canadian gold coin or its equi- 
     
     Bnnk of Commerce, London, 
     
     less )4 of l"/, for each calendar year or part thereof of ibcir currency. and after February 28th, i947 until 
     
    
   
   
    
     urn; in each case with accrued interest. Trustee. The Roy-ii Trust Company. 
     
    
   
   
    
     CAPiTALiZATlON 
     
    
   
   
    
       
     
    
   
   
    
     10f Sc"es -~A",'s%<";. H 
     
    
   
   
    
     this conversion right may be exercised within the period 
     
    
   
   
    
     Illpllfljflfftflll which he s-unlmarizes: 
     
    
   
   
    
     Canada Gypsumand Alabastine, Limited, is the largest Canadian manufacturer of gypsum ' 
     
    
   
   
    
     is now acquiring the business and pfizprrlicS of Manitbba Gypsum Company, Limited, which 
     
     carried on the manufacture of t',§,‘l)$\illl products, lime, ctc., iiiizl of its subsidiary i3i'll.‘§1l 
     
    
   
   
    
     December 31st, i927, according 
     
    
   
   
    
     The Trust Indeilture will provide for an annual cumulative sinking fund for the redcinpluiil 
     
     sum equal to 3% of all Debentures issued, plus interest on those redeemed, commencing 
     
    
   
   
    
     Debentures for (Ielivery if, as and when issued and received by us, and subject to the 
     
    
   
   
    
     al Securities Corporation, Limited 
     
    
   
   
    
     OTTAWA HAMILTON CALGARY EDMONTON REGINA VlCTORlA ST.JOHN'S,NFLD. 
     
    
   
   
    
     ucfed in purchasing these securities. 
     
    
   
   
    
     lint act» cliiui- to tlistrlilutt- iii that‘. 
     
     Wll '- iccitlral titlvcrilniciit dii‘. not lii~ its plat-c as a political niiii in lll<-' Whcu ilic tiiini is lllillllll‘ iiiitl 1ioililt-zii thliikliii; ill iiarthvooJ, 
     
    

    
     Through the prolllislcltl press tilt"q,-4t,|_~4|. 1|". suhgld-y- and Liwt i‘ (‘uilutliaii (‘ililfi-dt-riilloll, oxclilpli- tipporlulit- tllii Mariliiilt- l'l‘il\'ilir.-.~¢ i-ill‘iiil-',ill-llili'il_vtl clliiils. Anti Prlnso 
     
     lt-lliilllrl-i lilllilll in l-vlzurtl to llll‘.\‘1"ff(n|ghl l‘iilP.‘~lI strlkos. tliiiidltli-ks. yiiii: [i141 nitliio ol‘ its rtlill-Ut-illllPMllltly llt‘ rt-llctl upon to ill-chit.- this iutllvalwl island lli pnrtlculiii‘ will 
     
     lwo tiililus-w- tho fulfilliioiii ',-l' |11"‘|Oi'k(1|llt~l. illilrilt-i‘. lli-c iiiiil llllluazc -"i'<'ll'\‘il fillll iiiuciiti. Tllt- ]ll‘0l-'.l'"<-*‘ iliuitci- siitislkicioril)"to lllt‘llit~‘1'1\‘1'*'. "Xt'l‘l'l$l‘ its own rlxilt 0f Still-IF" 
     
     111F111! 0.5 i‘<>lll't1tll11‘ll1i11l1 11.1’ <'1111111111'1ln tlii- inlllini: areas; tlii- i'l'(1\’lllt'1‘1ill|ll 2il|\'llill'l'll|l1l|l of -.iii_v lll‘li]ill' art‘ :iii,| |ll1'_V will not 111‘ ntiiiiipt-tlctl liY it'l'llllililllilll. tiilil int-us no counsel 
     
     -0il.‘-l stoanl coniniiiiilcutioii with tliWon tlic \'l1l‘L[t1 ol’ lllll1l‘ll11l‘il|l1 Hlrllt‘; llllll tli-pciidciii upon igliiiiulit- lllPfl-‘u tin. iii1\'it‘t1 oi illli-tlziiiilsli ll-lllll-‘i- li- \\'I‘\l‘l' szilzv h, lllil)‘ appeal‘ in h». 
     
     lllllilllllllli. tlllll =1 $11811‘ 111' 111-1‘ F17111'ltllltl uurcst. illsutllcl and dissatlc ors and iliniihzuniaitlolis in llllnllltwi ans \\lltl iliink in last swlv -i<- l :ll|i, Hi1‘. l'lt'.. 
     
    
   
   
    
     PW 11111111111. 11111113 1111111 11111‘- (11 111" faction maiilft-r-ltctl 11\'(1l‘_\’\\'llt1.l'l‘. lli t 
     
     lsliintlfls rcpiiiselltutlvt-s utlalilvillu “m” "Hm, ma" H“, yfln-s ,i_,,. 
     
     political i1‘1\\'1‘1‘111111 urulllinellr-'- liiiititit-s (itrvvlillllvlll liilh‘ iiciili-v-"i 
     
     lapel-ch frulil two or tlircc. ‘of the n". “qqpuufiq, ;,,,,,,,,,,_sp,|,_,v T3,- 
     
     ,lill'lllll1‘l‘$ tliirini: (‘iiPll‘Pill'€lll]illt1lil.Myjkpfi ha“, ,.,,,|U,|_ ,1“, Sulhfiidl/ 
     
     coliviiiccti l|ll1lll of tho iloiic ill 0111'" iilid frclgill l"illI'S havo iii-cu adjust‘ 
     
     of tlin (i0\'(1l‘lllll('li|.lll rcgiiitl t0 till‘ m] hy h limit] t‘ommls.~liilii, lwnt-tl 
     
     110311111)’ 01111111» 110 111111 111 l1 1'11111'1anil normal and t‘llt't)l|l'iil»{llll.', con‘; 
     
     iiarallvely short time 11,110 1'1111111;(ilil<>|ls niilllill tl\‘l'l' ti... \\'lllilt' 
     
     ivas wulvctl. But for L1 l/ciirs ol"|-,., vim.“ 
     
     |\]()i‘t‘ lllc Liberal 1011.101"! K111‘111, 'l‘lial a poillii-zil party should ro» 
     
     01' l'1‘l1l'F1-‘11‘1111111V"-‘1 1111111 1111’ 1>1111"'1- niiiin continuously iii powcr for l.’ 
     
     led lly lluu. L. ll. Ditvlcs, (‘.(1llill|ll' y,.,,,,, 1,, z|§§|||'(1(|]_\' out. oi‘ the “an. 
     
     cd tn liunilllcr ilwuy at Parlliinitaiit qnxm, m- ,,,.,,,,,,.|-,,,-y_ |1‘(]|||' (itll 
     
     for rt-tlrcsn of tiii- illtllll grievance: 1(-"(ivp Wm“ m‘ ymu- you“, (tut-h 
     
     continuous 5100111 coiuiliiiiliciiliiiiila _.,,,|-f|,,-i,.,,||_v 10m; pom. ,,,- ,,,,w,.,. 
     
     1101111700“liltlltlillllilflllll lilo iiiaiiir;f,,,- any m“. |,,,,t|y_ Aylm- Hm,‘ il‘ 
     
     land. This hnsut loustbotiu ili-iioni-ll)“. sanjp "any p. Hqnnlpd H; ,,,-. 
     
     lifillfll 10100011131011"! =11111111111'1111'11Y lflce, tlicro ought in l)UiI)l't)VlS|t)ll in 
     
     to tho lslaitti 11y lht- 11W t-tu" lt-rrlwiit- (lolislltlllltili for ll tltilllllitlll t..- 
     
     11111W13P11 C1109 Tfflvlilli" 111111 Cflpufil motlus VlVl1lltii of tllul llillllfi‘. 
     
     Torntentlne Wlllvh 111111105 111111Y1Lct tlliHPSmGll forfcnil such ll con» 
     
     l1‘1l1s aifioss llie strait. ilvercnnilltl-t1llugency. Tht- llilllfax (‘lironlclt- ol‘ 
     
     tilt‘ ice in the ivlnlcl‘ months-l | 1Jilli. 28, i028, ‘illltl(‘l‘ tllo caption of 
     
     lli those pinching times of iar gummy hml Thhign", plquud m 11,.- 
     
     11111l1 ffir Prince ltldwurti lflillllfl, i111‘ iibolltloil of tho Lcgiitliitivt- ‘Count-ll 
     
     30 years after (Zonfederntloli, thcremy the Rhodes q,,v,.r,,m,,|n_ wlltp“: 
     
     was no word of illnrlllme Uili l “Democracy was once ll, word to 
     
     N" 800801198 ill 1111101‘ 01k“ \1'1'1""conjure with. Now ll is llccomiilu 
     
     made 0n the illlfiillll-KB- '01‘ “'11s evident that tloniol-rntry itself ls u 
     
     there any whimpering on tho Ilartiguaralltcc of nothing. ll in tho 
     
     of the Island: tllcy tllil not llilllfidtlllii of tlemocracy——tlle quality-- 
     
     ,tlle llp, bill thought and plotitl-l m,“ nmglergj‘ 
     
     1lllltl woikcd, so (hut Prlnco Edwaiti. Woilld The llallfaxllhronlcle o." 
     
     lslnnd, having now the ycif round 31,3 1L _]_ 1,0,5,“ “may lhiu to {ht- 
     
     iiiccess to the markets for its prfi-EJZ ycaiii of Liberal rcizlmo lli Nova 
     
     -ductil, has bccomc ollc of tho mosthqcqgu? Surely lllr. Loguirs zidvli-o 
     
     01011119111115 111111111993 111 1119 Dmihltti the Maritime Provinces is mm- 
     
     lnlnli of Cfilli-Iflll.“Allli“ll0;V Icomcslpyn-nno,“ m“; tlnlmeq! I l 
     
     the gesture from . r. . . . zlot-tflllv It ls ii characteristic of all po » 
     
     cx-member for Cumberland iii tlli01ltlcul states lo cling tciiiiciously to’ 
     
     form! "W8 110W 11111111111 99111111 111'1"thelr soverel h rights and power-i. 
     
     alpiillng our itncrglca and tit-land the Magitlme Provinces iii-o 
     
     sources lli tlirco small camps and m, exceptlonll. Princ/c. Edward lsl- 
     
     unltc for tho 119111111 111 11117’ T11°lzintl appreciates fully tho autonomv 
     
     answer of tho f0! lo the bear lmm-anled 1| 1n ‘regal-d to up 
     
     lloracuhi fablc in "rovelant: "l HOPtPI-oylncml “gram, by u“; central“ 
     
    
   
   
    
        
     
    
   
   
    
       
     
    
   
   
    
     mlllly 111101111 1" ‘$111111’ 111113 11111 11°11" Government. and will not be inclin- 
     
     ' ed to surrender lt to any union, 
     
     within the Confederation, such as 
     
     Maritime Union may suggest. (‘V011 
     
     though lt should appear lo do rm- 
     
     All Governments are utilitarian 1'1 
     
     motive and practice, illlll as tom: as 
     
     Prince Edward island contliliucsltp 
     
     cl‘ es. '- 
     
    

    
     of atrium tlnplrnileltlti in tho in... grggilermlzg Ltgplfczaozfltliwm N, 
     
     tory of Ciitiatlluil Provincial fiov- 11 {mm to surrenuer "s Hum“, 
     
     ornmcnls: a ilepioled treasury and very ‘ d mar“ "m" m my "mo" 
     
     Mnlnat tlniiilclal exhaustion; a f“! Mnh “a "welenmuwes might 
     
     Legislative Assembly of one of the b" Vmsomd m m, Anew)“, m, m 
     
    

    
     orlglnul- partners in the Contedera- ‘n _ , - I I _ o an , 
     
    
   
   
    
     back." 
     
    
   
   
    
     Imt. me iisk Mr. Logan what. tho 
     
     rcault of 42 yours of Llbcrnl rule 
     
     ivus ln his own fi-nvlnce of Noval 
     
     Scotlii. Wlicn the Rhodes (inverti- 
     
     mont camc into ivttlco and 110111011. 
     
     they were grnoteti by a condition 
     
    
   
   
    
       
     
    
   
   
    
     sit-ill anti spiritual l't1,\'t>l|l‘t‘I1l'l|1iit1$<. iv mort- 
     
    
   
   
    
       
     
    
   
   
    
     OWIlI‘ 
     
    
   
   
    
     What tftiiiuiilii nt-cd-a iotli". 
     
     stutrsiiit-ii ujlio 
     
    
   
   
    
     W. S. MABON 
     
    
   
   
    
     >r in politics, iiiil iipoil lllt-il‘ piil- t 
     
     -..iito, lliimli 1L1. 
     
    
   
   
    
     ..illl'.\'. 
     
    
   
   
    
         
     
    
   
   
    
        
     
    
   
   
    
     hllla‘ 
     
     We tiller, subject to prior sale or advance in price 
     
     29,000 Shares of (‘ommon Stock 
     
     Enamel and Heating Products Limited 
     
    
   
   
    
     tlncorporated under the Laps of the Dominion of Cilllflfllll 
     
     lvluntrciil 'l‘ru.~t. Company, Transfer Agents. (‘iinadl-in 'l‘ru-t (iomltfl-"y- 11031511111“- 
     
     The Royal Bank of (‘an-uda. Bankers. 
     
    
   
   
    
     (YAPITALIZ ATION Authorized 
     
    
   
   
    
     Common Shari-s- (No Par Value) 50.000 
     
     The Company has no bonds or preferred shares. 
     
    
   
   
    
     To b0 issllbtl 
     
     29.000 
     
    
   
   
    
     This (fompany has "nccn formed to acquire, 
     
     consolidate and operate the following (Dill-ts- 
     
     tablished companies»- 
     
    

    
     CHARLES FAWCETT LIMITED of Sackvillc, 
     
     N. 8., founded 1860. 
     
    

    
     AMHERST FOUNDRY (11).. 
     
     Amherst, N. 8., established 1887. 
     
     Both companies enjoy an excellent market for 
     
     their products right across Canada from Halifax 
     
     to Vancouver, as well as in Newfoundland. They 
     
     have warehouses at Montreal, Toronto, Winni- 
     
     peg and Vancouver. i 
     
    
   
   
    
     By tlic concentration of all tile stove and 
     
     furnace manufacturing at Slclnrllle and all the 
     
     pomelnin enamelllng work at. Amherst large 
     
     savings in the cost of manufacttn-e will be el- 
     
     fecicd and the consolidation of the warehouses 
     
     and branches in the important cunt-res, the re- 
     
     duction in Sales force and gcniml overhead ex- 
     
     penses will unquestionably rtshlt in very sub- 
     
     stantial reductions in the general col of oper- 
     
     ating the business, 
     
    
   
   
    
     Taking into consideration the stability of the 
     
    
   
   
    
     LIMITED of 
     
    
   
   
    
         
     
    
   
   
    
     Fixed Assets . . . . . . . . . . . . . . , . . . . . . . ..s65a.4iu.lt. biulness which ls firmly and favourably en- 
     
    

    
     Surplus Liquid Assets . . . . . . 408,381.58 trcnchcd ln the trade and in view of the rapidly 
     
    

    
     (“hm- Assets _ , _ _ , _ _ , , _ _ _ _ _ _ , , _ _ _ _ , __ 54mph‘; growing field it is capable of further substantial 
     
    

    
     _..____ expansions. 
     
    

    
     Net T bl A. i; . . . . . . . . . . . . . .. 1,115,629.36 
     
    

    
     or Smigglfloreeadliustiare of stock. s T111’ 611111110113’ 111111“ 5300.000 of Fire insur- 
     
    

    
     Thc consolidated ncl. earnings for the past ame‘ 
     
    

    
     three years werez- The affairs of this Company will be Adminis- 
     
     1925 i926 i927 tered by those responsible for the past success. 
     
    

    
     $60,973.41 $88,332.77 3102.099421] lt is the intention ol the Boll“ ol Dir-scion to 
     
    
   
   
    
     The net earnings for i927 were over $3.50 per 
     
     share, and the prospects are that this year they 
     
     will exceed $4, per share. 
     
    
   
   
    
     place this stock on a $2 per shire per siannm 
     
     divided basis payable in qunrteij divtdenqs of 
     
     50c per share. 
     
    
   
   
    
     Application will be made to llst. these shares on the Montreal Stock Exchange, 
     
     PRICE: $30 per share." 
     
    
   
   
    
     Complete circular sent on request. Ordiirs may b; [QIQI-fgphed at m“. "puut 
     
    
   
   
    
     Y‘. ' APPLICATION FORM 
     
     I ll. B. IlCOBINSON d; CO" LIMITED, Montreal. 
     
     hereby appy for . . , . .  . . . . . . . .. shares of‘ no pai- value 1|, 3_ 3039159" 4, co L 
     
     of the Enamel d: Heating Products Limited at $30 pcr q mm“, 
     
     share and enclose cheque for 5 . . . . . . . . ..ln payment for Investment BOIIIQI _ 
     
    
   
   
    
     same. Kindly have, certificates neglstcred in the name of: 
     
     130 St. Janna: Street, MOIIIIQII 
     
    
   
   
    
     Telephones. Main INS-Ll 
     
    
   
   
    
     Name . 
     
    
   
   
    
     ‘ (Please give one Christian unmet 
     
     ‘Audi-m  ........  ..................