JANUARY 17 1928 J __ i1Aa1_o'r'rEr W ARD1AN V V _ _ PAGE Fivm- S EA L BRAND F1001 PiC|f“f¢5¢l\-\¢ gardens to your tea table Seal B ` ' _ i-and Tea -1vlrs.N. Mequerrie _ zoo mainltaalnsdayll its rare fragrance and deligigug davgug, Mrs. Heath Strong 1.00 Sea ran on is sold in qrmyfer My d _ d ._ _ ___- paokagol, and if _comes to you in ini origirtizdll si‘l'::31g}ll)zudlnda|lzv':>€i,;f ` Total . . . . _ ._ _ _ _ _ . _ _ . . . . _ .S 3.00 i on/-mei.: _ V _ franc __ o__NoU PEKOE \ Protestant Urph- ' anage Mainten- ‘ ance Collection Si'Side to Dalai.-_-_ _ _ _ _ _ _ .S 681.95 Collected by Mrs. W. A. Allen and Mrs. Wilfred Lecky. , fl ‘ THB TEA OF QUALITY" ri icoiieetea by Bev_J. c.1viai-- , _ . _ 2.00 A D - R IMi‘s. Earle Heckbert; , 1.00 0 0 V _ 1. 0 Harry Heckbert 0 A Friend .... _ _so Mer 'tt D s _ 1.00 Mrs;nJ_ Flw'l‘aoyrl0r _ _ _ . __ 1.00 " " " --"'~°°- M1~s.Isebe11o. Giyoden _ 5.00 _ F""“ M"““" - 5~°° tin & J. A. Brace. `J. F. Tay 1 E M Nicholson William E. Forbes _ 10.00 ‘R.ev. J. P. C. Fraser , 3.00 Mrs Frank McEwen 2 00 Huglzflema ‘ 1.00 1.00 1.00 1.00 1.00 .50 1.00 .80 1.00 _'I5 1.00 1.00 1.00 1.00 1.00 `Samuel Beaton . . _ _ . _ _ . Mrs. Frank Yeo _ Mrs. Leopold Compton Mrs. T. H. E. Inman Mrs. A. A. McCallum _ ._ Mrs. Wesley Yeo _ Mrs. Charles Andrew Mrs. Raymond Andrew Mrs. Harry C. Andrew Albert McKinnon Mrs. Fred Barrett Mrs. Oliver McCormack ._ _ _ Mrs. Robert Muirhead _ Mrs. Hubert Lyle _ Mrs. Horace J. Andrew __ _ _ _ Total _ _ . _ . . _ . _ _ _ _ _ . _._ _ .$ 19.05 collected by Mrs. smiley Tanton. John N. McDonald . . . . . . _ _ _ ~ 1.00 Mrs. John N. McDonald .25 Norman McDonald _ _ _ _ _ _ _ _ .50 Mrs. Major Moase , .50 Mrs. Frank Sweet 1.00 Mrs. John Adrew .50 Mrs. Fred Compton .50 Mrs. Stanley Compton 1_00 Mrs. Ernest Compton .50 Mrs. Benj.Mi1_ls _ .50 Mrs. Geo. M. Compton 1.00 Mrs. Arth\u\ Holland 1.00 Mrs. Harry Cannon _ .40 Mrs. Stanley Tanton . _ . . _ __ 1.00 55 Wlll -COI1flnue the closing out sale until T°““ """" "" "I 2’ - ° mai ................. _.5 9.65 _ lanuary 31st. 1928 sii.§:“§»_1;;"r.frffi Special discounts in boots, shoes, s'i~i'f.'§”"€f_°ii_‘-’°.§il.i"”il'§' Part Proceeds Concert Mis F. F. Mrs. etc. May. 0111>’ a few days left, come early. ¥_‘.?_"f’“_>."i._‘7_‘._¥_‘_“Y_::_:...t Alfred Compton _ _ _ . ’ ’ “ I ry ’~”“ I-ii -111 ediii'-itiollnl eitori to p»(;-mon. Severe filluncinl los'su.~i w~I1ii-1, ,,,,,_,. .h"V\‘“h ` ‘ -_Mi-5, result i'roiii the iiiiluit-5 of i,;,i,,,,,| _ ‘ ' *_ i1\,11»,,_ _~ -_.__ .. _ _ _ Mrs. » - I C0l'lSe1'V|ng° Health kil'i\n11iii~ fr-1 tl1,~ izoniiiig threo yours, I - I11.13’.l‘i“'i<1l”°1"f“‘ “F ”""“"“°“ im TORONTO OHL hmm “_ _ -_ 1. - in nio1i_ _ly the C11i1nc_I,_M,_,, Mrs. Thonias Coiiugton Leonard Small Lloyd Small Alfred Compton _ Ritlnli Compton __ P. D. Crosby _ _ _ _ H. Otitaway ual citizens to keep it ~l '> :I frkl .-1. e. Wi .l'e ter _ on licaltli by iiieiuis Ltil')b;;o;-i,\,‘,1L,,,` ‘l\'lli?:1_ lgt/Ielvilnl(ell\/lurray ._ 1.00 T°L"“l for SL Elelmors 77-45 nu-dlcul exaiiiliintioii \\-tru si,-0,-_ ’,Mrs. John A. Murray .50 sed ily Dr. (ltzrdou Ilntes, 1u\t'<>iiiiI‘ _’°" IMi's_ Borden Muirhead 50 Ml' Hcrbsrl' West P" David - iiii-uttt-i- or trio cliiiiuliiiii sotiiii MRS.JosE1>1|1mvNEn. __1r1m_es Dunn . . . . _ 1.00 M“*°“- llygioiie Council ut the ;iiim,;, meeting oi' Caiimliuii Lilo lusurl uiicu Officers here. ~ llc dealt with the pos.\-iliilitcs ti 1-uiiseivliig lite and hc-1iItI1 u1id_ 1 Cidelliiilly, Nduciiig ni-oi'tulit_\' lv The death occurred at the Princef County Hospital. Summerside, onl f Dec. 27. 1027, oi' Jane Anne Raynor,' beloved wife of the late Jos. Rayner, 21 Kiiutsford, P. E. Island. Mrs. Ray- er, who was 78 years of age, wasai l`2\lL‘S- 0\\tliHin1-I n spo1~ii`i1.~ plun ily tlaliglitci' of the late John Miller. Hi nieulis ot' \\‘l1icii_ lic 1’cIt, this couli bi- 1ufcon1piisl1u1l_ "My c-wn iiitcrest iii tho subjot: o1~Ii;i'nuteil." lui ii;,i<1_ ~“-1,,~,, as ,, I ,well-ki1o\vn_ ship builder, and Anna ‘,l3elI. She is survived by four sons.I t John, oi Everett, Mass.; David. oi‘ Bangor, Me.; Robert. of Somervillei lite iiisiurziiice exaiiiinoig I siiw tht- Moss.: and Addison, of O'Leary. RI initio ot’ tho int-diciil cxiiiiiiiizitioii E. Island: also by fou1'daughters,§ Y-not only ns it si-1‘\'it‘<: 14; tho (-.pn puny 1~o11t'ei'1-ed hut also us :1 11101111 _ Joliannzili, wife of George Woodsidc.` __ si o'Le.~.i-y. Pai.; Elia. wife of 'rho_»~.I ot iuiprcssilux‘appiit-;ilits_ vspot-iiiiiny Hfwris- °f_S'9m@|`Vi]l@~ MHSSJ 1’-UCC-I ,|,,,,., ,ej,,c¢,_,1_` with gm- 1i<~r»,-__-,-,ly wife of William Turner. O'Le:iry_ P. ol lt_ol__ oi hu :untide oi hic she welcoiiied tiie,;,C}~,D01 Cay, Hem Each Qme,~_ Ron to liic policy-Iioldiri' rind tho uiiiivt r:=_<:1|'iiy early patyiiitllt ui' tho full uinount <1-t' tho policy hy the 1-uiu piuiy 1-oiiccrlluti. “'l`h<.- othvr duyx I Huw two uu- wuitiilir in 1|. dt-t~toi“s ol`t`il'v_ lim oi' whom haul just iievii ru|`ust»ti iii simiiicv. Ono liiitl lutoiiioto tiuixin and tho c.-thier hurl iivuit dis t‘uh't‘_ Yet. between litem. llir-y had iiisii-riiiivc `pulicI<-s uliiuiiiitiiig, -» twilight and the clark. for just bc- vond she saw the glorious light oi ~ lawn. The funeral service. held in .he United Church at O'Leary, P. E.. . slziiid. was conducted by thc pastoigi I, Rev. I. B. Profitt. Iiitermcnt was, nadc in thc Bloomfield cemetery. ` Phe sympathy oi the entire coni- ` riunity goes out to the family in hcir into bereavement. I » to $125,000.00, tziittgn out yvzirs PH|L|P SMH-H_ I bt-i'ui'c_" ltr. Bates wviit on to \‘Xl>\"\ niiiiiiiitit-ii would liiivc i~t~_\~_~ ‘ tiitxu- tilscusws i\t'1\i\»ir izoiniiu-1'.<‘\ inciit and given the two 111011 i qw-slioii. oppcrrtuiiity to take uc tion whilu they were still in :\ l“'\‘ vvilinitio stage. “'I`Iui loss to tho <:ounti_»‘ iicvuiis ol \\1iirorcs1~\ai'y iiiiu-ss and tlviitl is iistnnisliingly lingo," lic sou "so large, indeed, tluit ii. sci-iiis t nw to lic uma'/_iiiir that our ::<\'\'Uf‘- iiieiits liiivo not taken ctigiiimiiicc o li tz1l'iitii'." liivostigutioiis had luvvll <‘1H'l‘i@ out in Ontario by ii upociiil iuvus iiiaiior ic-1' thc Callutllaiii Sutziui lil Kit-1111 Coiinuii who, with ilu- assist 11111-11 1-l’ iitutlstitziii iiiililiilutioi iruin llr. Louis Dublin oi thu .\l».\ ropolitilli Lilo, had ironic to ilu- I 1-rziiriiisioli that nl lt‘Llf»‘l 34 IIN' “'~‘" 01 ilu- tie-riilis in the l‘ro\‘i1ict \\'t.1\~` l1D~l|»o_i1uble_ A rf-llt~.V -.r . . . _ ._ I Total . . . . . . . . _ _ . . . . . _.s 29.110 | I to bc su lied, also coal scuttie and “\’=\<`-kl¢‘l’ Pillhl 0"-'_ MVS- E- » DD hooks for clothing. (fzilile Head West.-Menibers met at the home of Mrs. Jasper McLaren when roll call was answered by Rid- dles. A general discussion on Pre- vention of Epidemics took place. A reading “The Jiners" was given by Miss Laura Sininions. A recitation. “Too Revenge,” by Mrs. Jasper Mc- Laren. The topic for discussion next call is to bc answered by Jokes. This Institute is in favor of the proposed Institute paper published quarterly. -»-----¢oc>~--~ An Old Recipe to Darken Hair I ny J.-xivlcll n.i.\‘DA1.L .__:--,gf Almost every~ one knows that _- 11. f ll -_ *h__ _ .ii--1 ~-- ~ _ _ that ii rogulur iiiitiuul i1u~tIit-:il v_\ -,is h,_uh_ in m.m,k,.,,l,,_ Un m_,,,,m rr, S 9 Tea and Hzizris Ahattoii; Ltcl. - .llL\ ~ | I* ` ‘lv 3%' Sulphur, prop- erly compouii- dcd, brings back the nat- ' I ` ural color 'und ii iii-I2 ut tho nut: oi' S _vvur;<. - %/' i then lit- luis rc-sitii-tl in _ lustre to the ,, hair when fad-P Cow I Prowsc and M-;\','_,"n'ct Rodd I {l>Icrbert Jones ;Mi‘s. E. Pro\'_'.<;e ,» Mr. and Mrs. Guy Rodd 2.00 5Mrs. Jerry Jacicscri _ 2.00 , U. E. Phillips _ 1.00 Ftowe I-Inglies _ 1.00 ` Bam. Ne-_vson . _ 1.00 i H. M. Gander _ l.00`| L. Iltldlics . . . . . _ . . _ _ _51li Cephns Ford _ _ .50 ,Hurry Rodd __ . 2.00 _J_ \’V.|R0t1d 1.00 Ruih Matheson _ i L. Bryciiton _ IF. W. Newsom ._ _ _ _ Illcslic Prowsc _ ich.-._'lt~.-_ Mt-iit-tt Alplionso Brycnton Arthur Jackson _ _ _ _ _ Edward Sellick . . . . V . . . . . ._ 1.00 I ‘ 5.00 2.00 1.00 1.110' 1 on. i.oo‘ I 001 1.00 1 oo Tottll _ _ _ _ . _ _ . _ _ _ _ . . _ _ _ _ 'j 25.00 30.50 *5.00 20.00 1.00 50.00 ` Kingsboro Bean Supper Wm. Clarke. N. Wiltshire Hugh J. Mel.-emi, 1\_loi'\tag-ie Jolzn McRae, -laliicticu. l»i'_Y. Baptist Congrugati-iii Kiiutsroi-<1 or snriws-*i».‘ld Austin Cameron, Aui,fustin»: 43.67 1.00 .1-1~ 1 »~ -_ wh . 1 ~.~ 1 -ii .is ~‘ aa( - ~ ‘ _ 1 iuaiii ui' splendid cIia1'n<~tei' until gray. Yours ago the only way to* , it 1-very respef-.t ii Intuit osilnlaiilri get this mixture was to make it at cd, sti caked or itizt-ii. liighly iuypct-tcti hy alll lioinc, which is mussy and trouble (canadian Pass) lm ltiicw I\ii\\. -sonic. _ _ J _ W __ U ~, _ iii .-ipitu or his u1ivui11:t»tI.'igo thc; Nowadays wc simply ask at any;i[ll?lU‘\;;Ii"f?;'l1;&__‘,'{ hul_l;M|| l.M§;:.`, _~t:1~zi.~u-<1 was nciivo und 1-iijo_vcd1 drug si-Orc for r-Wyc'th`S Sail? 1l\“`l_ (_,,,,,,‘ ,.,,,,,,`_,p,5 U;97_ C,,,_,1c WCW 1;, ood iuniltii until nhoiu. <-nu nio1iLIi]Sulpliu1~ Compound. You will gct_g0m‘ “mmm and K“_,cL_H wl_|.L_,,_ »-ovioiis to his doutli when hu wits, a large bottle of this old-time recipe lmlmngly fm 4 Them were only a oiiiimul to his bed hy the i11fIi'1i1»I\ll`lD\`0Vf¥\`~l by UW 3dd“l°“ “Y Omerl,-_ _ , ,ers .,,,:lf\,_h,. hum of 1110,;-3 _ties of uid ago. Iluring his ill-IiDgl'€di€lli5. f0I` Only '75 C9f`ll5~ EV'l,,l,;\,.,_S 1li,;1it(tIii11 rattle und soitil ‘ new hu wus t`i‘eq11t~1ltIy vi:-titcd hy I C‘l`Yb0dy “S05 U35 Pf0D3~l`9i;hls(ol1I‘;hbi;]l;f:ll; L_,m,,_e c,,,,.S picked out at $8.50. ‘und hr- is siirvivcd by lilo follow- “'1_1 an _ i(‘o|i11iim1 and medium cows wo ` him" mkmg one Small Stumd M °'Ii'1w»1ii $5 00 to $7.75. with :ui 01i*I ing t'I|i'1I1'cll Albert nllti ('iI‘oii1u~_ od ii Rev ilu] h I* \l11lo110 'l`nIiI1is (Indy, John tiurloy. John; gmrily, Walter t‘_\isark,l’1it1°l<:ki , ,v|(»(;t-,-_ _\111y his soul ivst inf ; pence. __..._~<¢a%- - MONTHLY MEETINGS OF THE WOMEN’S INSTITUTES, I Roseberry.--A large number of members met at the home of Mrs. Finlay Pantone. Roll call was ans- wered by “Helpful Hints.” The pro- gram consisted of readlnils. recita- tlons and gramaphone music. This, institute is in favor of the proposed. Institute paper published quarterlyu The members have decided to make 'nn autograph quilt to raise more 'funds_ The secretary WHS “°\Vl5°d to buy the cotton for that purpose. I ' Eglington and Howe Bay.--Fifteen members and twelve visitors met ati the home of Mrs. W. H. McKIe when, roll call was responded to by Newi Years Resolutions. A new school I committee was al>P0iUWd~ A CUSGUS-_ sion took place regarding the school library. Several names at Islanders iven the secretary I0’ c 0 A 2 .1 6?' f\ Evefybtlily "*“'~| ttart. the New Year with . :suing of pr°si»¢rl¢! md s¢0lll’l\¥» to whnt better nrmbvlll- O es these conditions than m full coal bln. Le; ns sullllly YW w. n. on-1-ls e C0 ruous no abroad were,s - : fi ' _`.~‘_'. be sent to the Library Commission' _ /.f The remainder of the 1-veninil WHS " lp( ‘C O/i if _El -' spent socially. _ _ . " We '-7# '~ C N n*z> - _ , _ 1 '_ _ _ ir _ ` I ' :t lime; li-Irs. T. E. ll4»Iici'ts l\iu- i‘l_UIC. by 0101111118 U10 Grill’ lm t_h_,1,.,, ,mu up 1,, $9_00_ (j0mm,,.i, llorilj ’ I :_‘§‘,’§xli'°(;‘rr5‘;\_;‘(:]d 53:? ‘;1r£l?hC,;“c;'§r};£;Ili|1:l medium bulls were from $5.251 'I`i \ i' nc' I \viiicI| was Iuri: ‘I ' ' ‘to $i`.25_ I N U In l` I i Iioiiio beautifully dark’ thick and globny Q1i'otntIo1is~»l3utcher ~1i.eel‘<. I1000 itt- ii »d, took plot-o rom i si _ -I _ _ - _ txo ‘ilxt~I\l.v's Cross Ciiuri-_li on New _ and y°u 1°°k ycfislfounger' ‘$10.00 to $10.75. medium $9-25 Y" l'vii1"s Day. Services were ccii-"i`°"_‘__”` 'li _.V ~ .4 .' _*_ . I _ `|.:` 4 ~> "fi , I$l0_00_ coiiimou $8.00 to $0.00- lllutclioi' Iicliers, irnotl $0.00 I0 |$il_50. medium $7.75 to $8.50, com- imou $6.50 to $0.75- Butcher <-_fi\v:=. iam--1 $1.25 is $11.00. medium $5.00 to $0.50. cuiiners $3.00 to $3.50. <~_11ttci~s$3.'i‘5to $4.50. butcher hulls, good $7.00 _to $7.75, i:omm_1n $5.00 to $6.25. Cult’ receipts 910. Good voiii.-1 wore in fair demand and brought. $11.50 to $12.00. with sn odd hot- ter one picked out at 13.00. Verv common veals sold $10.00 to $1100. and grassers $5.75. , Q11otiit'ions:»-Good' veal $11.50 _ to $13.00, common $10.00 to $11-00. g1'a-ssors $6.75. 1 Sheep receipts B78. The lambs #offered were nearly all bucks of- henvy lambs in poor condition- Sales were $10.00 to $10.25 with a couple slightly better lots nt $10.50. Sheep $3.00 to $5.25- Quotatlonsz-,-Ewes $3.00 to $5.- 25. lnmhs. good $10.60, common $10.00 to $10.25. Hog receipts 4,334. With a heavy run oi’ hogs. 'prices were iz shade easier today. Packers took the bulk of the hogs "nt $9.00 for thick smooths with a bonus of.$1.00 per hog on selects and 50 cents per hog-'cut on shops- Local butchers paid $9.00 flat and on one market where there were only Q (ew hogs the little butchers paid up to $9.25. Sows sold around 1 ' ’ii¥“-|"-f"~r'1- "' . - .I.'_im.;_-=E€‘*="-‘=“-?‘=‘-=»-=..=-:-='-'-- Y- = "-Y-=» --if -- ,_ __ I . 3'nffHTHfTfnfY11Tu-JTHU11Y lllllllI, 3_4'-2,... i 1 ~ I I. I 1 NEW ISSUE $4,000,000 Donnacona Paper Company, Limited 6% Twenty-Year Gold Debentures, Series “A” To be dated February Ist. 1928, niamriiig February lst, 1948 Principal and semi-annual interest (Febnmry 1|: and August lst) payable ‘“ C°~“°d‘°“ $°ld C019 °\f ‘YS ¢¢lU-IVHICM. at the Bank of T_.r..,..treal. Montreal, Quebec, Toronto, Halifax, Saint john, Charlottetown. 0i1U_iW8. HHmll¢°“» W“'“'"P¢E» CB1Z31’Y» R¢llDl. Vancouver or Victoria; or, at the option of the holder, in United States goldcoiri or its eqgwalent, at the Agency of the Bank of Montreal, New York, or in Sterling at the Bank of ‘Montreah London, England. at the rate ot' $4.136 2/3 to £1. Coupon Debentures, denominations $1,000 and $500 vith privilege of registration as to principal. Redcemable as o whole or in part, at theyoption of the Company, on 60 days' notice at a pn-mium of 5% up to and including February lat, 1929; thereafter at 9 Df¢m\\1m Of 5%. ICSS % 0f 1% each year up to and including February lst, 1947. and thereafter until maturity without premium; in B I _ 1 I I' each case with accrued interest. 'Trusteez Montreal Trust Company, Montreal. _ _ cAl>1'rA1.1zA'r1oN - T0`b¢ T0 bt 1 Authorized Outstanding First Mortgage Sinking Fund Gold Bonds, due 1948. _ _ _ $12,000,000 $7,000,000* Twenty-Year Gold Debentures, due 1948 _ _ _ _ _ _ _ __ _ _ _ _ 6,000,000 4,000,000l‘ Common Shares (no par value) _ _ _ _ _ _ _ _ _ __ _ _ __ _ _ _ _ _ 200,000 shares 150,000 shares " of Series T of Series _ Kernan, V1'ce»Prcsi'dcnt of the Company, from which he sunzniarizes: ' I 1 I _ I - THE COMPANY: Donnacona Paper Company, Limited, is being incorporated under the laws of the _ of Quebec to acquire as o going concern the assets and undertaking of the Company of the same name, 1 ' ,- fourteen yc:_rs has been successfully engaged in the r'_an1;t`acture of nev/sprint paper at Donnacona, Que ' PROPERTIES: Properties which will be cwned cr controlled by the Company include a complete_i~_ ‘_-.eg 1_1 ’ ' paper mill cf 230 tons daily capacity, with necessary grcundwood and sulphlte plant, situated at the _:uh--_ 1-; ' the Jacques Cartier and St. Lawrence rivers. about thirty miles west of the City of Quebec; freehold and I. . -.1 uA»1' 5%%_ "A-1’ 6%_ _ Each $1,000 l`e`rienturo of Series “A” will carry n non-detachable right entitling the holder to purchao;-_ 2 shares i of no par value (`ommori Stock of the Company at $40 per share up to and including' F95"-|U'Y hi, 1930: il! $45 Pei’ '- share up to and including February lst, 1932; and at $50 per share' up to and including February lst, 1934. Shouiri termination of rights be brought about through redemption of Series “A” Debentures or otherwise, this stock purchase right may be exercised within the period provided in the indenture. Dcsvr1'pt1`1'/e circular, copies of which will be supplier! upon request,conla1'ns a letter from Mr. Robert _”. T‘ ' timter areas in the Province of Quebec-principally on the watershed of the jacques Cartier River V..-_:_ ~- neil to contain approximately 5,400,000 cords of Vpulpwood; developed water powers of 11.000 h0fS¢i>0Wv‘ I" ' f`fV'~‘=i dapacity, of tvliich 6,200 horsepower is hydro-electric and-4,800 horsepower is hydraulic; undeveloped \~_~_i‘_ ','--.»\-;» r _ ` having an estimated capacity of 35,000 horsepower; and the townsite of Donnacona, cornprisin-'5 hotel 1.1111 _-S311.-.-I house, houses for employees, etc., situated on the Montreal-Quebec main highway. VALUE OF ASSETS: The value of mill properties and water powers. developed and midevelopc-_l, ri-_--.-1.1-I-I ` and leasehold timber lands and other fixed assets owned or controlled by the Company is estimated to I:-;> ~~.. , _mately $14,000,000. _ Net current assets of the Company and of its subsidiaries as at November 30th, 1927. after d_~_I».»--=\-» current liabilities and after giving effect to this transaction, as certified by Messrs. Sharp, Milne 85 Co., tZ`-i.~- = ri Accountants, amounted to $1.624,273_46. The consolidated value. of fixed and net current assets combined, adjusted as at: November _'-Oth, If‘_':I'-"_ therefore, amounted to $15,624,273_46, which after deducting $7,000,000 of 5%»% First Mortgage1?~on_ls 1.. outstanding, leaves a total value of assets of $8,624,273.46-equivalent: to $2,156 per $1,000 Debentl1re_ " r tin and aintenance ex enses and local taxes, and available for interest depreciation, etc , for the ti- II g sm _3e;§§c _ _ -TTU11`!1T Tffr - _ ` I » _ ~ I 99% and accrued interest, to yield about 6.05% l ' EARNINGS: Based on the annual eamings of the predecessor company, and its subsidiaries, after de:l'_;c.t_iin~ o e a m _ - V _- ygars ended December 31st, 1§6, as certiiied by Messrs. Sharp, Milne &. Co., the average annual net earn; :_lt_ available for bond and debenture interest amounted to $1,087,461_28,' equivalent, after deducting interest on `l` Mortgage Bonds now to be outstanding, to more than 2.92 times the annual interest requirement of $240,003 or. this issue of Debentures. Neteamings on the same basis for the eleven months ended November 30th, 1927, are ccrtiiied by Mc':_~:1's Sharp, Milne Ci Co., as $930,582.15 OWNERSHIP AND MANAGEMENT: Through a substantial cash investment, the controlling intere it in the Company ‘s common shares will be owned by Price Brothers 81. Company, Limited, of Quebec, and associ.-t ;-s. Price Brothers 8s`Compariy, Limited, is one of the oldest and largest manufacturers of newspririt pe.;-,<:1~ -71. Canada, and its preferred and common shares, which are listed on the Montreal and London stock exchanges li-_ ' ci total niarket value as evidenced by current quotations in excess of $40,000,000. Directors of the Company will include the following: John H. Price as President, -J. L. Apedaiie as \`i:_- President, and W. G. Mitchell, R. H. Nisbet: and A. C. Price, all of whom are officers of Price Brothershs Com- pany, Limited; W. C. Pitiield, Director ot' Fraser Companies, Limited; VictorE. Mitchell, K_C., D.C.L_, Df_';._:2_-.~ of Abitibi Power 85 Pap-rr Company, Limited; and Robert P. Kernan as Vice-President ofthe Company. It/'e offer these Debentures /or' delivery 17', as and when issued and received by us, and subjcc! _` _ approval of counsel of all proceedings, at ~- Hxnil-mx, Jan. io.-Q1iota:,ionsiM=\.v furnished by Johnston and Word. Members Montreal Stock Exchange. Royal Securities Corporation, Limited MONTREAL TORONTO HALIFAX SAINT JOHN QUEBEC WINNIPEG VANCOUVER NEW YORK CHARLOTTETOWN OTTAWA HAMILTON CALGARY REGINA VICTORIA ST. JOHN’S, NFLD. ’ ' uimvt- stiiicwcnis rrc rut -tuurcntccii, but rc based upon information wliicll we believe fo be reliable and on iv/z1'c/1 ivc nw _ __ _ _ ,_ fi I _ __ nc ed 1/1 purchasing lhcsc secur1l1cs_ Stock Qliototions ”’“"“ "“°””’i“’tv1;s;i' " ' " ' " I tMarcl1 __ . . . _ _ . ._ lJuIy ._ . . . . . . . V I YOUR INCREASING American Can. Co. _ _ Ain. Locomotive Co. Can. Pacino Co. Con. Gas Co. tN_Y.1 Hud_ Motor Car Co. Reading Co. . _ . _ . Southern Paciilc Co. Union Pacific Ry. ._ United States Steel _ Abitibi B .E. Steel lst Pid. _ B. E. Steel 2nd Pfd_ Howard Smith ._ _ _ __ Laurentlde Pulp Montreal ,Power _ National Breweries _ Winnipeg Electric __ Asbestos Com. New _ Brompton . . . . . . Brazilian Trantion __ Steel Co. of Ganada Shawinigan . . . . _ _ _ Can. Steamship Pfd. Dominion Bridge Banks Bank Commerce Bank Royal Westinghouse Electric International Petroleum Standard Oil oi N. J. _ Mis. Kan. and Tex. Ry New York Exchange At. Top. and Santa Fc Ry. ._ !\mei'ican Car and Fdy. Ani. Smell-_ and Reftig. Co. ._ Aiiaconda Cop. Min. Co. 191 72421? _ 105 _ llliil 174' _ 55'.- zoo 121'-_ 'rifii -iz I as'--.= 263 , 10121 120'. 190 si 1451. 145': 35 5 83 |28 I 90 ; March ._ ._ . _ . . . _ ._ ._ M :1 ‘,' J uly 0a is March May July Wheat May July Cctcber -?-----<-Ot----` Montreal Stock Exchange Charlottetown Market Eggs . _ . _ 55 Butter 40 Oats ._ 80 __ _ _ __ _ il4'__- Potatoes (white) __ 1021.4; _ 3314.- Hay __ 75-8 21401 85 Potatoes (blue) ._ Pork . _ . . as 1Nco1v1E -- 9350 ' Most. investors ieel the need of a larger income arid' 54:0/_ 55"*-'i 52% safety. ¢»5Tl.‘RN 34",- fe 'tNl;rdyq_09 0 would welcome the increase if it. could be obtained with ' We are often able to make ,valuable suggestions to in- ES m i35"ii 127 'ii vectors--suggestions by which low yield securities may be conservatively and safely changed for issues showing a larger return. Eastern Securities Co.; Ltd, INVESTMENT BANKERS Charlottetown st. john Montreal Hamer an OO P0081/0eS _ »- Q uv Sourls Market ~ Oats_ _ _: sei/_ straw ._ so irotawes _ Eggs . . . _ . _ . . 40-50‘Porl¢ . . _ _ _ 40 ‘ Butter ._ so as io or ggifii Mount Stewart Market Butter , 40 I Summorstde Markets _ 'I5 ' 73 Eggs . _ _ . . _ . . . . _ . _ Butter _ _ _ _ Oats _ _ _ _ _ Wool _ _ _ _ _ _ _ _ ._ _-.-.238 ,Potatoes ._ 344 Pork Oats _ _ nh ut Pork _ _ . _ 9'/.» _Eggs _ 32-35| IButi_er 65 i Montague Markets ' `Oa.t.s __ is-2-ii irouitoes _ ._ so Isggs ............... is wool 9% I __ __ 32 85 40-45 Pork 5'_&-9'/.' I TH By Barrie Payne _I i 1’ 2;t1 1; . _ lT’S TWO OCLOCK AND THAT CUCKGO NEXT DOOR 'IS STILL RUNNING HIS RADIO!-SOME if THESE DAYS YOU'l.l_ SEE A SLAYS RADI FIEND WHILE THOUSANDS CHEER _II I \ .' _.E _$11.09 with it ton Qi §_.8_-2§. _ _, ..; _ _ _ _;;.__.‘ _.-.,/ Lf/*§;;li/B3' /Q 1 W' 1 1 ' 'r 1 'P -.1 1.1 w MUG" gR”\/VILL aggri- ;{,'éL Sig? |055 AND win. AND ‘;gr1ES§2t;`ENt§AA/Nplis some any r1A~/era