__ __ _, g____ ,__, THE CHARLOTTETOWN GUARDIAN

Western Guardian 2211?.“ ..‘i'2‘t.“.“i.’2‘i‘.‘.‘; .52.’ AH“; BRITISH EMPIRE STEEL CORPORATION

___ his-old home district. m; Bryan ' ' —FDR urre wssrznu News may surely be ruled as nine or our l NEW ISSUE ' i Dom m" ‘ 8m, ca 0,", c”, c, ) —-LADlE8 mo CHILDREN'S

i ' '

.- Nova Sculls Steel l Coal Co.

4mg, 3 || .y‘u.b]._ 1g successful Islander! abroad-K i‘ A s

G m r y , 3,000,000 l-llurbering done at Mrs. J. F. iMut- l i "art, North Carleton. 9151

_ .. . ..-. . . . c. nlembertﬂ Padfk Grain CWTIPRIIY» Umileil

..'; .1 -l-.-., _

i Plositiun of Bondboiders of these He,“ ca,“ due w “ab” l“ Jul’, 9m in Montague and Wm be 1e35,, , 0 rrlﬂ Companies Outlined, I 1.-\|ipiy Clayton Morrison, Tryoii_ lcil to receive new: items. advertls-i Cumulahve Redeemable Prefe share‘ 9112-56-31 "IE. 810-. V, ha] diyidgdattherate of 7'7 per amium. ___ ____ U Prdernedutocapitalanddivldasdnusdenﬂtled; mewmllllﬂﬂl m”. Rdean.bk-.wh°k“ o r January ApriLJulysndOctobenlndcnmul-nﬂv: J I!- a n -~LO5T.-0ne male (ox marked --”ISLANDER DEAD. —Joseph “lu.'ﬂuuudavumdoa¢v ‘gggguioenmgprloelntheevmtofliquidnﬂm _ _ & ‘BI-M- Rswerd- Perk island Bil-isles“ iii“! at the Saint John: emeprurheeeedtmdzeodreieq-‘zg-eiiidnuedereditidraepeyrdoitorreiirednrerdrivequorreriy dividends. Bharuofgwo lvor SPXGS; ll. C. Holman, iSum- ‘Couniily Hltrsplllll on Muy 5 after a ‘ yum“ n-ﬂ-quumq-hgqydnuggr _ R ' " “Instr _ _. . iizi-rsi o. 5-7-2i cog-t y i ness. He had been a - d1‘ -. Members Montreal Stock Exchange _. -——- , Patient oi‘ the hospital (or two‘ ; _ ' Appuauonwmb.m‘d.indn_eemu'omlutth'ash.raonuwmonualm orontostockﬁchllﬂﬂ, 152 m- ore» sire»: i mmgijiiivtgfef~ggglgt 3;; ifriiiiir "3?’ i.i.-‘l“.”o.fi?illif."o’.i‘.i‘r'lfi _ CAPITALIZATION M . t ll B D l 180M M°""°" ilicNelli Building. Summarsido ev-jfgﬁz; ﬁfrlflvlﬁbmsirh“ u KYX”; » 6 First Mortgage Sinking Fund Gold Bonds.’- .. . . .. . . . . . . . . $3,500,000 $3,500,000 . ,, __ »_——. ~ —~,,—__,,_, __,_ 1 “y M" rooms. s1 ‘Princess sltxreeert,“ an: I ' 7 o Cumulative Redeemable Referred Shares. . . . . . . . . . . .. . . . 3,000,000 3,000,000 _JUST AR_'R|V'E'D one rarmadllivilli be placed on this morning'.~ijf_ Commonshams, ClassA (noparvalue). . . . . . . . a . - . . . . - . . . . . 53,888 8118. ghg, _ g d, ,.,,,.,,.,,,,d (Raven, now unhmmng 1f»; ‘I viimjgiliiifrlnégl Geiiipsigigizliki ; ConnnonShar-es, ClassB (norm-value). . . . .. ., . Ibe- . slis. - ————-~~- ————— ills n or i d t nil .' ' " , . ‘ i‘ ' . ‘ . lilTik“(.t-l_~fi,i\“. n. “Atheist-f, dilly." t’.,j‘l'f,r,,v,.w'igf “Jaime? fmramifl IE The Company, has been incorporated under the Dominion Companies Act to carryon the busing,“ r \ 916L831 Jéurna,‘ ' n “g p hi! warehousing, shippinganddealingingrairnctc. LettersPatcntpmvide that thcCompany shailpoy no g1 - OUR 1926 SPMNG a LE ____ l1 on its Common Shares whichwill have theeﬂcct of reducing net working capital belowan amountequivqmp _ T‘? m “Ow m [he "mm ilitLyou- , mDUNDAS NOTES.-—Mr_ Moodiov it: to one-half of the par value of the Pitferred Shares outstanding anilthat i_n each yearirl which dividendngj j “um m" received your copy’ a Acorn, who has been visiting iiiswiu, gunmen Shana are dechmd. the Company shun before mygugh dgygdggd l; pmd, ggg gudg to the creditor‘. I I ' Poul (‘urd to us with name and iiii‘ fmvvrklm“ m» Dun?“ ‘Ms renujned’ -' special "gave fund an mnmmt equivalent t0 25% ofany mwdeud sodeclared‘ clsuA'common Shareshlvt" ThC AIbCrta Paclﬁc Grain ilrcsiii will bring it.~Slliclalr a- " l 3”?“ °f‘""“"", "f w“ ‘“'“°""l it: no votingrighta except such osmaybe conferred by statute. Class B Common Shares have full Voting rim, ' ' d “iwwnri- i-imileil- 913054-21 ﬁlial-he n,§,,M',',.]guef "axvwaﬁheloelil i" except in the event of default in paymmt of Preferred dividend. Both Class A and Class B Common Sham cilmPany l-"mte W, NEV;-,;,,,NG We," Acor: W3. ...i...Z.°..l'i.§..-Z§1....TN rank equailvureearderemmoicepimi end dividmde- 7% C I t. R d ‘ bl l, efe red .,,,,,,,,,,,, ,, has, o, human“, semlllled illliess.~'l‘ile little S011 of Mr. f _ The Company has agreed to acquire from Royal Securities Corporation, Limited, the assets and man," illmll 3 We e 99m‘! e r r ll)!‘ ii (‘Olly if you have not direudyfild MP-‘i- Jam“ Miliibemi- Mi-i ‘E takingofAlberta Paciﬁc Grain Company, Limited, paying in part COIIBIdCIHUOfI therefor_the securities now m“, shares ;'*‘.‘;.‘;.'.'.i;‘ .“i.f.%f.‘.”.“.""iiliifi.iJ”.eiffiiiiilliioffiliil“iiil i= i.“ﬁ'““"“-’§"‘-’$.Z‘3.“i’°€%““"°°“‘°“é‘8"““"“‘°“.‘3.‘°€°'3; ’€“‘°'°°“°°i‘~°'......°‘°..§.§i"3l‘l?l.°o.....‘°““°’°"L°°°'°°°l _ _ ‘ ' ' ‘ ,1 H _ M. l; u e scapaci s1 a ancouver . . now own y e anoouvcr PBBY. imited, This company has been. successfully carrying on the _s_runv TiJ-‘E VALUES 0m".Rizal}:lzliitw-ﬁwii;dlfgayixonélxp{yaijE z lncagethe purchaseofthe Vancouver ‘Terrniitial is not completed, C1160ChCl8SU¢0f$3;§00,0p0Of6%First Mom business of warehousing, shipping, and dealing in grain m, m m" new Spring Bullmhhlhqme mm, n“, p_ E_ r Husm-u“; y}: gageBondsabovemcntioncd willbercducedby $1,750,000andthevalueofthepropertieabcmg acquired, rcferrqj 5m" 1902- ‘ " .'i‘iii-y are not beaten, and rareiv where he is undergoing treatment. it $01!! IhEDCiOW-mmtlllinﬁdlﬂttﬂ fTOmMF-St¢W8TEW11|b¢Y¢dU¢°d8¢¢°TdmS1Y- _ ASSETS ‘giiilllirlililiftlslmlgxéuirg "I11 ﬁlzgdil- "f"?! Mt- “"11"” _ Mr James Stewart, President of the James Stewart Grain Company of Winnipeg, Man, who is w,“ ‘ I‘ , 4 I , i - Net Assets over $110.00 behind each Preferred Share ‘ glawqm Hopefmss 1mm Jorrrtfsgésl known as a successful grain merchant and elevator operator, is interested with Royal Securities COrporntiog ‘ . ____ hem, m, their ‘Immune from ML , Limited, in the transaction, and has agreed with them to become President of the new ompany. EARNIN(IS -APPsNolciTis. —Mrs J. P. Albion cross 8mm we week ma. _ , I _ _ _ _ - _ . Average net earnings three years ended June 30th, ipogsm" Summreiimde ‘gm ii-"di" Wllh her aunt Mrs. Wpod, of Duir Dfscflllflve circfllaQ 9917193 °f_w'"ch WI" be supr, 45179" ltequeatr comm,“ a letter-from M7‘ Slewilfi, Y ' 1925 equivalent to over 2V2 times Preferred Dividend rc- glfltlce" (fgglclﬁls‘goiqolsﬁg‘ll con“ 13's“? 11118 -—i\llss Jessie I Acorn, teacher’ fmm Wkwh "lefolfowlng '3 summanzethi ' _ - ' _ _ ' . . qulrementl “my h, making splendm progress vigil?“ ‘vi 00f"?! Alberta Paciﬁc Grain Company, Limited, incorporated in 1912 has, withnts predecessors. carried on; ii‘ Ild J n 30th. 1925 towards recovery. . ' f °° e"“‘““y general grain business throughout Western Canada since 1902. Ithascxparided its business rapidly and prom. l, , ,. Average net earnings year e ed ti o _ recently visited Primrose.-—~.\iiss ab] and no -s e fth l t d 0st - i to rainwater“ Canada “j . ‘ equivalent to over seven times Preferred Dividend require- j Mildred crawford spent thy‘: week‘. y w‘ on f’ e 37E” in m successful Erameeva rwmpftm ' _ ' i menll, and after allowing 4dr such dividends luv” 3P- , “WRONG AooRsssP-The T931‘ end with her parents in. lloscnozith.‘ l P70131113 b59138 BCQi-llmd b)’ u"? 110W COmPBBY ln¢1lld¢r In addition to umvanmuv“ tummﬂ) End an i proximately $13.56 per share on m, Common snared now pit-utt- 0i’ our. William liarvey. —.Mr Fulton lHunler or sir. ilicnno , intcriorteiminal elevator at Caigarywithacapacityof 250,000 birabels, 319 countrypsin elevators, 166mm ' i 9"“ "W"- if}:'{"“1'°;L“gmfmglglgéﬂsukéwgmzl? H“ 59m’ i0 “- ‘3-4- iiile many “ dwelling-houses and 226 coal sheds, advantageously located throughout the Pmvincca of Saskatchewan .: _ ("PH remt til d .~.i. 4| ' '

f i, Application will be made in due course to no: these m, ,,_~,,,,,,,,a|e “m, would have been Marguieieggsnlél: izpggililaingﬁg: berm. bined terminal and countryelevatorstorage capacity being acquired amounts tdiJF¥3.5()‘i;g?Obugh¢]g . ; “u,” 0,, m, Monmii and Toronto Stock Exchange. .r_.,,,,,,,,. Nam, V whim Wm! her parents {Mr and . ha lﬂvﬁtfﬂﬂlttllltthﬁ sbarcsofscviulteimilrzalosloemlalsgﬁspﬁat Portgthuran wflrlrthai lﬂiltliOnt _ _ ____ NJ) H, _ ' ' vinganaggregaesoragecapacityo over es, cnew mpany_ i veccctive

Price 100 and accrued interest vieidine 7%- csrrrins .._¢;uAgp|A~ opncg, ._ The S,f,“,e,,,“’,',°,pe§§,“,f§‘fhjﬁfgf,l,‘fvﬁj srrangementsforthe storage andexport from Great LBkCSPOYZBOfITBUI forwarded through itccountiyeievaton,

’ "°'“" °' °"‘ "“"° °' ma“ A‘ °°mm°" smk‘ l(i"""iit"1'ﬂ Western Oﬂioe is new her parents, ‘Mr. and. Mrs J a. Fixed assets and investments being acquired by the new Company have acombined vsluationoi

Q n,“ pamcuia" 0,. request. Si‘? siggmiglglﬁgiiwﬁgiledgﬁ §el:::‘:tl.—;l\;|l‘88 Agah Alcorn is at- ‘ $7,307,285. Net Current Assctson giving effect to this transaction, ssnt Doccmbcr3lstrl9ﬂ5, according tothe

_ . , , .,,.,,,,,,,,n,,, m," m, Mvertmng M“! fr’ T mi)" M0 °°- l ‘ ccrtiﬁmte ofCoorge A. Touche& Co., Chartered flccountants, wiilcxceed $1,350,000. The combined value of

I l: Eastern secuffhgs Co,’ H", ,.w,,-,,ed_ Th, phone number h, ___ fined assets, investments and net current assets will thcreforeemoed $8,717,285, equivalent. after deduction of

.', , i133, o, FirstMortgageBondstobeoutstsnding, toover$170 foreachPrefened Share. l! . w_ H_ V_ DUNBAR, M-anager __To BROAffcAsT SERVICES M_ G_ Larocheue | onannusl eamingsof Alberta PaciﬁcﬁminCompgny, 1;. 125d, for thcthrceyears ended June 30th, ~ ' _ . ' i 1925, after deduction of operating" and maintenance expenses, depreciation and taxes including income tax, as h ghar-logtoiown Halifax, i Radio owners i-n the country . . , St- J; n. P E I » N_ s_ around Summemde w,“ be "mm ~»--—. certzﬁedbyGeorge A. ToucheﬁCoqaverage net camingswereat the annual rate of$795,745. After aliowanoe V‘ N‘ ‘ ' ' ' ested to know they may listen in » formtﬂﬂtonFimtMortgageBondsn ' ' 1 to the Sunday evening service of l é J

Trinity United Church, Summer-i side, broadcasted for the first ‘ time. The equipment will be sup- lliioii by the kindness oi’ the Hol- man “Company.

ow being issued, net earnings were at the annual rate of $585,745, equivalent to over 2% times Preferred dividend requirement of

$210,000, and leaving earnings equivalent to over $3.75 per share on the Common Shares. For the year ended June 30th, 1925, net earnings after the same deductions and

requirement of $210,000. and equivalent to approxi- mately$1356pu share on the Common Shares now being issued.

Based on eamiagsofAlbei-ta Paciﬁc Grain Company, Limited, for the six months ended December 31st, 1925, assdincluding a reasonable estimate of proﬁts to be deri

ved from‘ operation of the Vancouver terminal, it is otmarvatively estimated that proﬁts for the twelve months ending June 30th, 1926, will be not less than the average for thopxeoeding three years.

We own these shines and oﬂsr them for delivery if, as and when issued and received by us and sub- iw‘ 1'0 "I0 approval 0/ our counsaio/ all proceedings, ai-

l00 and accrued dividend, yielding 7% . (Carrying a Bonus of One Share of Class A Common Stock) Royal Securities Corporation, Limited v R. A. Daly & Co. Greenshields & Co. Hanson Bros.

Eastern Securities Company, Limited

Th0 abtnl lfatoments am no! ‘uararileed, bu! are band upon information which we believe lo Dlfllillul and 0R V0190 ' we aclod in purchasing these securities.

—NE»W BRIDGE. —The Provin- cial Government has lost no time] r in starting the work on the Wii-~' moi Bridge. During the winter] the lumber was hauled out and ni- ready nine men are working to erect a splendid new bridge. The [Provincial Engineer and the Com- lmlssloner of Public Works were out inspecting the work yesterday, lnccompanied by lHOll. James A. lilo-Neill and Mr. G. ID. Pope.

' ~ A SisIers Foil Pitfalls - 0f Broadway Together

El"

<Qi¢ij<'4~

--FEHRY STARTED. —At one ' 0i’ the latest dates in her history the Bedeque Ferry bout Prince Al- bert, owned by Mr. Sampson - (irndy, started on her regular trips between Bedeque and Summersi-zie yesterday. The harbor at Sum- mcrslde is practically clear 0i ice.

~ -~—.-~.=—_—.-= ._ 05!! J

The Story the‘ Years Tell

In these days of value-seeking, tile knowing motorist, looking for Pl'0\<’-" H‘

One of the Civil Service Commis- charges made by Inspector Wait". *"'"'*““"""*’ ‘m-r Duncan at the Customs lnvestlgw) ’ -DUMBEUL8 COMING. — The m _ Originals (illumbells) are coming . ' iv Summertime ﬂlld Will BDDBBr at ‘“ FAREWELL GATHERING . evening oi‘ next week May 14th. ,,., Manager Gaudet deserves hearty epcnt at the home o! Mr. and dire. such an excellent show to Sum- William Cuilmore, Appln Road, mi merside and it is hoped that the “'*“***”*”*”*'””*' inrge number or friends and rcl- iiy greeting the Originals with n iitlves assembled to bid trirewcil lo Jpilckﬂd house. k pnrture tor 'Brockt0n_ Mass. —~Mir. H. J. Bryan oi’ Jamaica. 'iMr. Judson MacEnchern brought] Plain. Boston, recently visited his

sloners who resigned iioilowlng the tlo lilis Capital Theatre on Friday a - A very pleasant evening was congratulations upon bringing Faslﬂﬂn Fancies Thursday. April 22nd, when u public wilbshow it's appreciation John Willis, previous to his de- tlie house to order and in i1 few old home at Lot 11. il-le hits com-

dability over the years can sci.» nothing ivords explained th object ni’ tho per,‘ - ' . - _ ,,,,,,,,,,,,, ,,,,,, ,,,ﬁ,,, ,,,,,,,, M, to it but. “DUNLOPS.” "ijo-doy owners ,_ i i r - >- ‘lirvillie ivinlcfhuii to read um ud- giving you a Balloon 1‘1P8"ﬂ‘1'00tt3d every- , i; PAY FLORENCE hie“; “’ ° “f”, Jahmcy “m” where as the “Real Goods. ,- ~ . - A ~. - - s g u COURTNY COURTNEY. ‘ ‘vll!!Kil8;l1slrg;$:Elt1ia8l( Checlk. u more ‘Go back Five Years and Dunlop wa g ; s ’ n Mr. Ciidmore, in a few well ohos- Eivlng Yo" the ﬁr“ a‘ ,1] t d t t-ii words sihokvived hliii upprciriiitlun “D-TOP Cord TUB. -‘ trac e 0 e illiitl assure t em tint hetero long ic would come back to spend iin- ‘ r 0 (tiller vucntloii such as the one iii- ._ Marltlmes [llilll spent during the past winter. Short speeches were made by " Though only two years Messrs. J. W. $niith, iS. A. Lot-he, In operation. this com- 11:0’ J. héllctlisﬂhttirlii‘ alic Ialipreﬁﬁiiiie‘ I p"). h“ .||-..dy M," m. t e r gra u e 0 r. u more for y; _ ‘grumengﬂ h, ‘im-gcﬂnu rho splendid time he had given a ». M" for “wugm”; m‘; Jhem with his Radio during tho i Qxmmmur. m“ .m°,m‘ winter months] nnld wishing hlin ‘ _, ._i 01 "WMY- ,”§',{,§"§f,‘jf,f8,,fg“ smruuggzlgorgo‘, G0 back Fifteen Years and Dunlap § '_‘, This was brought to the . ‘

some time all partook 0t a entitl- luliuinch prepared and ser ed ny the ladies. The remainder 'oi the evening was spent in music and singing, iintll a late hour when the singing oi’ the National Anthem Iii-ought ma enjoyable evening to ii close. The ioilowing is the address: 'i'o Mr. John 'Willie Cudmore—— Dear Prlendz-dts you are i tilbout to depart from your native - innd once more and leave ihehind _ _ you the friends you have cherished G ‘ ‘ wo take this opportunity of as- Gmy is much in evidence at the eembling to convey to you our 0

moment It ‘I used m mnored‘rogret tor your departure

Msrltiﬁiu-Jreeh monoy— through this Comps ny'o operations in ‘foreign

ﬂclﬁ. _‘_

A ' A beginning. v i-Fi?‘ As the Msrltlrne Life

grows so will its service SUyr-ﬂvuqel, wriiedqriqmioiodor- iiupriwpi. Yo~'~hwitHM-9~~\1.-

to the Maritime Provinces Per and Fioﬂm Cm- '":',.:':::::.:'.::.r:,:::.".'.:;:: '"'"' r r C I ney A’void Perils of Play- Elnywg rigour g... pgfﬂj“ an. ' r ' ' e-bu av a o er 8 Life In Pans gown“, it may be thrill. third or: managers who make unwelcome New York City. — Fay and advances n‘? stage door b81180"-

wss giving you the ﬁrst real Anti-Skid: Traction Tread-

Go back Twenty Years and Dunlap

was giving you the ﬁrst Straight Side \ Tire-

Go back Thirty-Eight Your: and J. B. Dunlap was giving you the ﬁrst Pneumatic Tire the world had our INI-

The fact that the Dunlap Dealer ll willing to stake his reputation onﬂnl ' invest lill money In, Dunlap ﬁrs,

I H‘ _ . shown he has faith in the" Dltlloﬂ _ _ M At ough we know that we are Product, and (cell that l! ll I I Hum,“ Courtney have found a on who insn the ambitions young a 211;?! and in simple ternoon 108mg a valuable companion yo‘ hvamu‘ “r n‘ I way to foil the ancient prejudice Blfi- r Thgsu“ above do n. from the our severest loss is your friend- smong parents against letting “Only they dent do it to yo): 0 m" 0d to “ma” a ﬂneﬂhlp. and bv your kind and nmiu. I their dsuiriiterl 8° on the stuse- Whwt m" t" 017W- TIMI ..lowe;pmm,uw plaza: fimaiment whloh is mandala diepoeiiiori ‘you have won roi- g __

s." “y. “simply m“, ‘mo, all we known So our aunts _[ar9erhvtectwn-

with you," never worry. oreovor, an you,

oielt-th dill dhnr effective for the woman who ﬁnds y n! M. 9 l m m on a" o o

of e "i9 mﬂmmilmwd W" u” "Vere m" We hope that your journey will‘ “C1116 flﬁllfﬂX he!‘ IYPQ- be a pleasant one and that in fut- ’ Th9 11°"? B"? 07°99 mmmmure time you will come back to T- w- BENTLEV BBPVBG M‘ I lid". 019N941 i," spend another vacation among your M.n".r m. around. while the jacket t8 P160190

__’ ‘L- *.--~ - -

OFFICIAL DUNLOP. SERVICE DEYQTS

McLalne Bar-vise Station

“ n u , we et our best results when we

Then. adds Florence, stick do t h‘. unmet Th. him-t

together! Where ray goes, I go, w": u; “y. put w u“. ".5

and vies verse. It works like a ‘skew Tim. 6.]; w. “n; u .

' charm. It even works almost too dut 0m. bum‘... “d w“ h"

well. i have heard all my life ‘mm.’ mm out “m, “h” ‘y. elect the pitfalls of Broadway,

ciirrloiioiowri newness u-uews0lhoi?§§i1\--~

t ’ I u l lrlonds and school mates. We. wish - - Y‘. kchaariottetomn 68x ...,... . ._r,.‘..,‘. . . ly a the ower seeve sec on .ym| m “em this 8m, n, a my“ r- y, m a ummers 0 Isr o ~ r00. n ‘ both haven hand in ‘em- 0h, we ""'°' “"'"" """" K“ herr colored node oer-i, cherry if nti d fl ii h‘ nd . n. Prom ........... Aiberton ueiiiew o McLean Limited h“ ""'"' 2"" “m ' “my” m"! jh" ‘MIT “"3 h" "FM, h-rlottetown, P. l. l. kidceilpge sand aégray mohair wo- hopzurthfstt Ygii. r031? may-he P. J. Solomon 000110000" ‘ i“ "N" 1r "7' Ehrﬂ“ 7"‘ "i" . ._ ' ' ‘on are the lmmrt scceuo "s. Tho bright mid he ‘ ' P- v

y. “hail or your friends.‘

I bet is grey loll.

in, \$l~.lAA.\u-,w - -.r

.4.

dished on b0