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P Hundredsof shareholders in the “Provincial Silver
Black F oXes,Ltd.” received during the past week through
the Royal Investment Exchange a cash dividend of 
Forty Per Cent and a further dividend on this
year’s operations will be paid in due course.
rv 3 '
THE AGNEW RANCH.
»"°” PAGE six "~ it ” 'riia cHAiiLo'i"rE<i'owN=cUAnoi.in~='1~ f  i- i ~~ ~ W SEPTEMBER 28.'-4
Many old established industries have been -obliged
to pass their dividends owing to the European War, and
the fact that the Silver Black Fox Companies are pay-
ing their dividends is sufiicient proof that the Industry
is now firmly established and is rightly termed .
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-»-.,-.
' HON. JOHN AGNEW
President Royal Investment Exchange
Une of Canada’s Great National Assets.
Read what our stockholders have to say.
Results Count.
The original copies of these letters and hundreds of others of similar nature may be seen at our ofiice at any time.
Montreal, Sept. 15th, 1914.
Dear Sirs:--_ _ _ _ _
_ I am in receipt of your_letter, a_n_d dividend cheque, which,
considering the present financial conditions, certainly exceeded my
expectations. Thanking you for same, Believe Me,
Yours very trulyR
W. M. _
 ‘ Cambridge, M:.iss,, Sept. 22, 1914....
Dear Sirsz- _ ` 1 
. . _ .I beg to acknowledge with thanks your cheque for
$400.00 being Forty Per Cent dividend. May I express
my appreciation of the management of a coinp'.iiiy,which
can produce such good results at a time when the outlook
for business is so dark elsewhere? I should be glad to re-
ceive a I-’i'ospectus of the “John Agnew Fur Farms, Limi-
ted.”
Yours sincerely,
\\'. Ii. K.
Boston, Mass., Sept. 18th, 1914
Dear Sirs :-
I acknowledge with pleasui'e and thanks your favor
15th, enclosing cheque $1,120.00, being' Forty Per Cent
dividend on my twenty eight shares in the “Provincial
Silver lllack Foxes, Ltd.” I also note a fui'ther dividend
on this _veai"s operations will be paid in due course. The
exhibition of these dividend cheques by Boston stock-
holders should have a stimulating effect and add impe-
tus to the sale of Fox Stock.
Yours sincerely,
'r.1-‘. " 
New York, Sept. ltslli, 1914.
Dear Sirs :-
Your kind letter of Sept. 15th with cheque for
$200.00 received, for which I thank you. The dividend
of Forty Per Cent I assure you is most satisfactory and
must show good maiiageinent. I will be pleased to re-
ceive another Prospectus of the “John Agnew Fur
l"arins, Ltd." __)AiA_______,
' Truly yours,
K. J. (ii.
Toronto, Ont., Sept. 19th, 1014.
Dear Sirs :-- _
.Cheque for Forty Per Cent. Dividend received. I as-
sure _vou every cheque you send West will be a delightful
sui'pi‘ise as dividends from any source are very scarce
these days. Your (`ompany will certainly 1'cceive grati-
tude froin the sharelioldcrs. Thanking you.
Yours faithfully,
1". _-\. R . . . . . . .
. .
_ An opportunity to participate in the profits of this Industry is offered to you in the “John Agnew Fur Farms, Ltd” which
is a sister Company of the “Provincial”.
Now is the time to invest.
New Glasgow, N. S., Sept. 17th, 1914....
D ` :- ~
earYS<liIuSr letter 15th with cheque for $80.00 received,
for which I am very grateful. Please accept my thanks.
Yours very tfully.
lla in I
',n..i...0uii., N. s.. sept. wth. 1914.
Dear Sirs: _
I am in receipt of_your_ letter of 15th withenclosed
cheque for $280.00, being dividend on seven shares, for
which I thank you. I also take this opportunity of con-
gratulating your company onits success during the past
year, and wishing you anothei1~bannei‘ year in 1915. I
remain.
Yours truly,
Jn 'In
Halifax, N. S., Sept. 22nd, 1914.
Dear Sirsz- . "
I am pleased to receive dividends. Forty Per Cent
is very satisfactory. The people who have been holding
back from investing in the Silver Black Fox Industry
will feel like taking hold now.
Yours truly,
B .(i`i. H.
Boston, Mass., Sept. 21st, 1914.
Dear Sirs :-
Yours September l6th with dividend cheque for
$200.00 enclosed, which is very good and rather more
than I expected, showing that your management is in
honorable hands. '
Very truly yours,
B. N. H.
Baltimore, Sept. 19th, 1914.
Dear Sirs:- _
Yours en closing Cheque $1.000 for dividend receiv-
ed. I ass_ure y_ou we appreciate the size of the dividend. It is a
great satisfaction to feel that competent men are conducting the
Fur-F arming business. Wishing you continued success.
Yours truly,
T. A. C.
West Roxbury, Mass., Sept. 21st, 1914.
Please accept m thanks for chegue for Forty Per Cent divi-
dend received Satur_ ay. I_tell you it_ looked dgood, coming at a
time_ when _so _niany industries are paving a ie uced dividend, or
passing their dividends altogether. It speaks well for the finan.
cial soundness of the F_ox Industry. Thanking you again for your
promptness in sending cheque. -
Dear Sirs:-I
Yours truly,
R. A. W.
The Royal Investment Exchange;
Boston. Mass., Sept. 1911i, 1914.
Gentlemenz- _
I am in receipt of your favor with cheque for Eorty Per Cent
dividend enclosed, and note that a further dividend will be paid this
ylear. 'I` his is very gratifying indeed,and Iappreciate it very much.
our agent represented this Company very highly, but _I do not
think he said enoughlabout it. Have you any more o_f this Stock
to offer the market? Some of my friends now would like to get in.
Thanking you again, I am,
Respectfully yours,
S. A. S.
(fliarlottetoivn, Sept. 24tIi, 1914.
Gentlemen :- "M  
Your cheque for $400.00 received being dividend of
Forty Per Cent on my Stock for which I thank you. I.
congratulate you on being able to pay at this early date
twice the amount guaranteed by your Rancher, and
when we receive the further proposed dividend you will
be carrying out the estimates made in your original pro-
spectus, and the Company that can do that under the
present financial depression I feel is on a most iirm and
stable basis. I am sure that your patrons are moi°e than
pleased with this year’s result. I remain, i
. Yours very truly, _
K. J. li.
Cliurlotletowii, 1'. li. I., Sept. 17th, 1914.
Dear Sirs :-
.. Yours 15th received with cheque enclosed, being
dividend of Forty Per Cent, for which I thank _you and
your Company. May they still prosper, and no doubt they
will under such good management.
Yours very truly,
\\'. \V. C.
__ ‘ _ , _ Providence, R. I., Sept. 21st,.1914, ~
Dear Sirs :-
It gives me the greatest pleasure to acknowledge
the cheques received on the 18th inst., and am very
grateful for same. We did not anticipate such good re-
sults, even in our most sanguine moments and the good
news was more than welcome. Kindly send any reliable
information at hand, as we may wish to put more money
in this reliable business. With thanks.
_ Very Truly yours,
` J_. Rf.
eiuiwii, sept. zoiii, 1914.' _
Dear Sirsz- .
I have much -pleasure in acknowledging the receipt
of cheque for $40.00, being dividend for one share, and
am sorry I have not iiioi'e shares in your Company. '
Yours truly,
_ M. M.
Offices: Royal Bank Building : : : : Charlottetown, P. E. Island _ 
Hon. John Agnew, ._I_ohn O. Hynd_man,_  _George  _D_el_3lois, William E_ Agnew ~  »_f.-.iii
ri.,  UFFlCE= [161 A Swett, $1? .iltgarvs chaiiibsfsfw -
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DIRECTORS:
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