930 of which helps the score. ' - ljitral Guardian- * IOIIIN HOOD FLOUR milled only from selected wheat. _ _ - , t M24-2-10-l3l.' _ ` ROBIN HOOD Rapid _China Oitl. Better Oats. Better China. ` 1624-2-10-l_ll. INVEBNESS l(,‘lllN COAL-5-4 Pltzksrd as Co. are unloading cars _of this good coll Wdly- 1737-2-14-3l_ BEBCO COKE-'Excellent fuel lor any iumace, try a ton. A. Plckard da Co. Phone 240. 1787-2-14-Sl __ iuaitimr oossir Furnished by Mowal. Q Mactliilllv- ray, Stock Brokers. _ " ii. A. ou ' 1flf¢'-“IIC ¥°°d 80"- l! ‘H3139 The circular in connection with the up of many little things, each one sa,ooo,ooo debenture issue or British American Oil reveals earnings for I .., _ _ ' the piist three years. It is interest ..._ _ I ' - Better digestion steadier nerves c carer _ng to now that the c°_____m____ md’ , _ _ Ms) brain, are all factors that count and are gained ' uma to _“"5 nom an nr After-every meal partly, no doubt, to the severe com- petitive conditions. The privilege or convening these _ P 5 ning' lk f1'0m!l10 U5¢9fW“Sl¢Y°5» standpoint last year over 1928, due .., -L **~"‘ K* ' ' `-'_'_' " ~: 'I debentures on a sliding‘scs1o into JOHNS”l'0N’S RIVER SCHOOL old Currie. common stock lor 'a number of ___s GFM0 TU-1 Emesi Currier 2 years, has resulted in depressing the pm- the month' or ranuuyr- . Marv Sinnvth 3 Melvin Bowel- stock, the result in this ease being Gmdo VIII-i Mary Power, 2 Grade II-1 Lawrence Brazel, 2 shnxm. to what occurred in winm. Brrndmi llallorari. 3 John Trainor. Richard Currie, 3 Clair Slaven. _ _peg Elecmc when thc- Normweswm Grnilc VII-1 Dorot-h_y Hailoraii, 2 Grade I-1 Lillian Higgins, 2 Reg- puwm. fmancmg was made pubum Rfiyinoiifl 'Traiiicfr, 3 Willie Currie. lnald Power. Grade VI-1 Daniel Currie, 2 Har- - sun uf, _____________-.__._.__-,_.-__-_-__~..___.._.____..>______.___ _ 1 - - Addressing the policyholders and shareholders at the annual meeting illonlrral Toronlo sim: Jehu ' Qwbee Omiwa ilhinitfg lhneouuv (haviotuiowa Thru Riva: Rivia:-du-Lol) Hamilton Rqina < Ednimilan L`¢1g¢:/y l'»`:!orl'd SLJohvi'1, Ngid. Nns Yuri London, Eng, llalifur ' Sound Securities Royal Securities Corporation, Limited, has had 27 years' experience in. govern- ment, municipal, public utility and industrial financing. It controls an unusually complete organization, in- cluding offices with experienced per- sonnel in all important financial centres. It offers to investors all the advanta es ‘ 8 of a large and _internationally-known investment banking house: a broad list o_f securities, trading facilities, céuota- tion andjnlormation service, an reli- able advice. ~ ‘ We invite enquiries, and shall be glad to supply pa.rt1cul,a.rs of our current offerings upon request. . - __ ,. . _of the Sun Life Assurance, President MacAulay, when speaking on oom~ mon stock investment, stated:- “Common stock investments are On__ca_ ' _ ldepression proof and bear market _ proof ir bought at the right time." ln presenting the annual report he _said that securities held by the com- pany are '-‘sc undervalued that even the financial panic oi last November, which caused such a tremendous drop in values, did not even reach _tha figures at which the securities are carried." The management of this great ' company has often been criticized on 'account of its investment pdiley but ;Mr. Macaulay replied to such critic- ism by stating that the Sun Life '-- wanted to grow and not stand still. Therefore, they buy good .common stocks ol the Canadian and American _ companies and prosper as the same ____,.¢»_- -. . Llllll!¢(| .' Riley Building, Charlottetown _ 0,- mi,-my year, Telephone 822 ' _ _ `*.[,i ` -grow with these two coiniti-les .and ' ' r ` ' , ~ few would doubt that Can d cl Royal Securities the United States will not bohtlhlie to grow in the next five, ten, twenty W5 ‘ Canadian Bronze Canadian Br I li ot tlcl -_._._.___»...____.__-...__....__-._-_&.___‘.i._._.i..___ 937# 55 ll DB1' 1)' * / 130 Grafton Street _ ~ Cl-IQRLUITETUWN ' usan/ ori-'ice , orrswa ' _ 'v ated as fully in the recent recovery l \/ 6 _ w- qLtlic market as is its wont. This MQ) g @ .- gy has ‘led some students of values to hr _-_,__ -1 M -,E assume that the market sponsors oi - Bronze cannot long delay giving their ‘ M°mb§"'°‘ “N M°°"°" DW” “"3” favourite some special attention. An f Members Standard Stock and Mining Exchange ‘“°‘7"°’° in ~th° "resent dlvldmd U l» Members ol Vancouver' Stock Exchange., "°p°"'°d "° be “nd” Way ““d_ *LW _, ._ some good sized orders Irom the Private Wires to Leading Exchanges and all railways. ‘ - , Bra\iclies. Orders Executed on all Markets. Few people realize that we gf _ . " W- A s,,,,|c, ,W 'ip App|¢¢|;|,¢_ every order thst the equipment companies (Canadian Car and Ns- tional Steel Car) secure the Canad- ian Bronze Company supplies a good deal of the bronze and it is ol aonis -_.___ _ 'rim grA1zr<'rl_'l'lj‘Iow_i_\_J_oU_A_iz_n_i_Ai~i | 1 _ ,, 4 ` SUNi4Lii~fB ASSURANCE co_M-PANIY o`F'cArNA*Di,s- I -TGWEROF .f I i 1 , 1929 . New Assurances Paid for 654,451,000 An Increase of $213,207,000 Assurances in force, gnet) $2,401,237,000 An Increase of _$504,322 00 ‘ Total Income (Znet) - - - 172,857,000 An Increase of $ 8,1 10,000 Surplus earned during the 5 ' Year - - ' - - Payments to Policyholders and Beneficiaries .- Surplus and Contingency Reserve An Increase of $5,869,000 ,vi Total Liabilities ‘- - - (Including paid ,up Capital) Assets, ' at December 3 I st, -929 - - - - 568,197,000 An I1i__crea'se of $79,239,000 ~. 42,863,000 69,1 74,000 72,807,000 495,390,000 '- Rate of 'Interest 'earned on mean invested assets 47.02% `. 5 I Tzhe high role of dividends allotted to participating policylzolders is co1ztiifued and the special dividend '_ ~ on maturing policies extended and increased. New policies aid for numbered 161,391 for a net amount oi)$654,-151,143.27, an advance of $21§,206,752.36, or more than forty-eight per Cent., over" the previous year. This marked increase and the fact that the average policy, for t.l1e"ii_rst time, exceeded $4,000, affords impressive evidence of the ever-grow- ing pdplilatity _ofthe Company. After deducting amounts reassured, the total assurances in force amount to $2,401,- 237,036.94,» an increase Of $504,32l,l02.37. This advance is notable not merely for its magnitude, but because when allowance is made for terminations by death and maturity, it repres nts arernarliably high rate of con- tinuance and evidences great satisfaction on the part _of out policyholders. The amount paid- to policyholders since organization, .togetlier with the amount at present lielcl for- their security or benefit, eiiceeds' the total amount recei_vcd froni them in premiums by $139,290,474.03. The rate of interest earned on thc mean invested assets has risen to 7.02 per cent. This figure includes :i certain aiiioimt from bonuses and stock privilc cs accruing on many ofthe Company's holciings; but if these were entirely eliminated the rate would still be 6.60 per cent. A net profit of $13,077,284.62 was realized from the redemption or sale of securities. -The surplus earned 'during the year, based on the values entered in- the accounts, amounted to $42,863,578.59, b'ut from this Bum substantial appropriations have as usual been made to further strengthen the position of the Company. - .An additional $10,000_0O0.00 has been de- ducted from the market values of our securi- ties as a provision against possible market dill _ ` l_la _ I ` rr _l . ' - ” , ` , EXTRACTS FROM DIRECTORS' REPORT- ' . _ . fluctuations, raising the amount thus set aside for this' purpose in the accounts to $30,000,000._00. A f urther 8_1 ,000,000.00 has been written off the Company's buildings. ` -' $931,000.00 has been appropriated to raise the annuity reserves to the Rutherford table of valuation, with interest at 3% pci' cent. This exacting standard requires reserves $2,656,000.00 in cxccss of those of the Domin- ion Government standard. $1,200,000.00 has been set aside as addi- tional provision for claims arising from total disability, death claims as yet unreported, and possible claims under canccllccl policies on which a surrender value or reinstatement might be applied for. - ' . $22,606,265.67 has bccn paid hr'z;1lottcd as profits for the year io pulicylioldcrs. - _ The special amount enlcrccl as a lirbili' yio provide for unforeseen continygcncics has been niaintairicd at $l2,500,000.00. Aficr making all tliesc rlcrluctions :incl :illo- cations, SS,868,899.96 has been ad:1\::tIi;vc of t\`.'o_:1tj.‘-t\‘.'o orteiiiincrs, ' |'<‘;‘i'usc:il1|ig tlic .*`,_Laics_ of hlicliigan, 1 I.i.'if=.a;1r~l:i:;cll.-, ;‘-iiiaiicsma-_ Ohio, 'i`én_- " l irc.-‘_=r‘c, \\`a.\ltiiigio1i, Virfliriin, \‘.‘e_st `\'irg~_ini.'i. lj`l'fi'i=, sr ` ' r *_* rl " - _` ig” .na 4 'Q' / \_ ji ' ' /,K-_'FTP ‘ ' _' /‘Z-:Wy _ .____ _ -.-_.f -;:,Jr_»` . ~ -J; - .nw-'l .. ,_- ._ ~ ~ 12* .PETROLEUM cox: - 5 nssco uoussnom con - /il-more nur ima nova The toast ll, makes- ' INVEBNISHSC BIINIU you'll say, "Oh, my: . 0|-D SYDNEY BCIIIHE si-lunoans. soassrlan snrmrxo 00/ii. I -g causal. cook rox quam; cake or plc." 1 ‘ '-'° -Sl:w:iri‘s Brcazi. “Agp AND sort "nom promptly. - _ ». "3 i E Sold in Ill! Iilllltlty l§l.'_lel|1¢f¢I A. Pickers tice.