{IUNE 20. 1928

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stain. ‘

IUICI

FRED J.

S'*°Pa::':.:rn"“"*""~“m-

quitoes. Use Flit. Flit spray clears the house in a fewminmea of disease- bearing flies and mosquitoes. l: searches out the cracks where roaches, bed bugs and ants hide and breed,

insects,

guarantees Flit to kill insects, or money back. Buy Flit and a Flit sprayer today.

Iteepridofmos-

destroying their eggs. Fatal to harmless to you. Will not

Canadian Distributors WHITLOW IL C0. LIMITED

l6) DUFFERIN STREET, TORONTO

Copyright, i928, blanco, lac.

catches are olten hundred.

Boston are occupying their pretty bungalow at St. this summer. They have had quite a i’ew There's a. 100 acres land attached.

dry Doucette, Carpenter, St. Charles ,, had his farm surveyed Tuesday by

Do not coniiuee Flit with any other product. Greater killing power in- satisfaction with Flit. One of the largest corporations in the world

Mr. Doucette has been working on the

IHE CHARLOTTETOWN GUARDIKN '

Eastern Guardian

..'EA8TERN AGENT-Mil‘. J. W. Murdock is Guardian Agent in Montague and will. be pleased to receive news items, advertising, new and renewal subscriptions. t!

HQHURBAY HARBOR, North Hail, Grand Concert, Friday. Julie 22nd. 8091-6-19-31

JEASTEBN KINGS SHIPPING CLUB booking hogs and voal calves for shipment, July 3rd. 6109-0-20-3

. fiLOBSTERS on the North Shore were fairly good on Thursday. There were some 300 lb catches which this season is called very good, as the down \be1ow a

..’Mr. McCormack and wile oi Charles Station

seed potatoes planted too.

. HFARM SUR-VEYED-Mr. Hen-

McDonald, Hermanviiie. Mr.

new church at St. Peters all spring and which is rapidly nearing com- pletion. »

..*’I‘0 FINISH INTERIOR. —-Steps are being taken by the pas-' tor to have the St. Columbia Church finished on the inside this summeiz, Mr. llennesscy of the St. Peters‘, Church work will likely be the mani in charge of this work with Mr.) Doucette and s. few oi’ the best car- penters on the Si. Peter's job.

""1316 POTATO MEbL-Tractoi‘ farming Ls making some pr ress east, amongst the newest o our progressive farmers to use tractors and tractor machinery is Jack Bourke, St. Charles Station. ivir. Burke only two years ago purchased the McGarry farm of 1921/.- acres,‘ near the Station and later purchas-l ed the McAdam farm opposite, and, has gone into the seed potato bus- iness on a pretty extensive scale, with the use of tractor and the nee-i essary tractor machinery. l-{e is as-i sisted in his work by his younger. brother. They certainly are making good, and have plenty of room on' the new farm, or rather farms, for improv -t clearing and breaking

'.,‘,,,'»|,,3‘--n <0 ,-~~~

$1,5oo,ooo¥ ~

~A

fiiitéd ‘I is, a .

zvsw Issue r l l , 1 ~

Rolland Paper Company, L1 I 6% Cumulative Redeemable Preferred Stock

Preferred n tocapital anddividendsoverotherclaaeeaofnaock andeotltled to aiixedaimula ivedividendattherateof percust _ annum, payable quarterly on March lat, June lat, September lat and December lat, at par at any branch of the Bani: ofudlttfll Canada (except Yukon Territory). Dividends cumulative from June lat. i928. Redeemable as a whole or in part at the opfioo o! tho Company on 60 days’ notice at $105 per share and accrued dividend, and attbetame price in the event of Ilquidn“ or volulitlr winding-up. Shares ot" $100 each value. Non-voting, except as to matters affecting the right: of the holders and uoept consecutive quarterly dividends ahraill be in arrears and while any arrears remain unpaid. Trinsffl Aifllli " ' TF1!“ cilliflmll- Registrar: Montreal Sal‘: Deposit Company.

Application will be made In due course to Ilat those Sharon on the Montreal Stoak ‘Exchange.

a l

4 i

, CAPITALIZATION

‘ ' (On completion of , To be To be

‘ , thorized Oatlflndlfll First Mortgage Sinking Fund Gold Bonds, due 1948 . . . . . . . . $5,000,000 , $2,500,000‘ 6% Cumulative Redeemable Preferred Stock . . . . . . . . .. . . . . . 2,500,000 1,500,000 Common Shares (noparvalue)............................. 100,000shs. 60,000shs.

. '0: Su-ies 55%-

Each certificate for Preferred Shares of this issue will on original iuue be accompanied by a separate transferable registered warrant or warrants, giving the registered holder the right to purchase from the Company as whole shares bu! not in fractions, Common Shares of no par value of the Company, at the rate of 3 such Common Shares for every 10 Pra-

' [erred Shares represented by the certificate for Preferred Shares with which such warrant or warrants may be lulled,

at $32 per share after June ht, 1929, up to and including June lat, I930; at $35 per share thereafter up to and

including June Int, ‘I932; and at $40 per share thereafter up to and including June Int, 1934. This stock purchase right will be terminable at the option of the Company at any time on 6D days’ notice, during which

period warrant holders may exercise their purchase ‘rights and on the expiration of which tho warrants

will beco me void.

Descriptive circular, copies of which will be supplied upon request, conlains a letter from Mr._ Jean Rolland, President of the Company, from which he summarizes:

THE COMPANY: Rolland Paper Company, Limited, has been incorporated under the laws oi" the Dominion of Canada to acquire as a going concern the plants, properties and undertakings of the company of the same name which with its predecessor for 45 years has successfully engaged in the manufacture and sale of high-grade bond, writing and ledger papers. The Rolland name has been associated with the fine paper business in Canada for over 85 years, originally as importers in the City of Montreal, and as manufacturers since i882, when The Rolland Paper Company was organized and its first mill built at St. Jerome, Que.——this mill being the first to produce writing papers in Canada. Three generations of the Rolland family have shared in the active direction of the business. -' PLANTS AND PROPERTIES: Properties being acquired include a paper mill at Mont Rolland, Que., having an annual manufacturing capacity of approximately 5,300 tons of sulphite bond and rag stock papers, and a paper mill at St. Jerome, Que., having an annual manufacturing capacity of approximately 1,600 tons of high- grade rag stock paper, tub sized and loft dried.

Part: of the proceeds of the present financing will be used for the installation at St. Jerome oi a new 86-inch fine paper machine, with auxiliary equipment, which it is estimated will bring the total capacity of the Company's plants to more than 8,200 tons per annum. Machinery in both mills is operated from adjacent hydraulic developments to be owned by the Company, the total installed capacities being 2,200 h.p.

VALUE OF ASSETS: Properties, water powers, plant and equipment have been appraised by The Manage- ment Engineering and Development Co., of Dayton, Ohio. Their valuation, together with the cost of installation of the additional paper machine at the St. Jerome mill which is being provided by this financing, totals $3,985,000. Net current assets (working capital)‘ according to the balance sheet as at April 30th, 1928, after giving efiect to this financing, as certified by Messrs. George A. Touche 8s Co., Chartered Accountants, amounted to $792,562 —givitig a combined total of fixed and net current assets (without including any amount for valuable trade marks and goodwill, built up over a period of 45 years) of $4,777,562, equivalent, after deducting First Mortgage Bonds, to more than $150 per $100 share of Preferred Stock now being issued.

fr v M 112,152“, areas‘ They Sure are bust‘ I EARNINGS; Net earnings of the predecessor company for the year ended December 31st, 1927, as certified by L B ' Messrs.‘ George A. Touche h Co., after deduction of operating and maintenance expenses, local taxes. interest on I v _ _=I=EXPE(JTS 355w (mm-Fl bonds now being issued and depreciation at a rate approved by The Management Engineering and Development . ‘, Mr. W. l-l. Townsend in his ‘newlyi Co. (with allowance for npn-recurring expenses) and available for Preferred dividend and income tax, were A V913’ m“ 811d elmmng 3am” °f acquired hOIGIHES at HBYIHOHY Stan $130,228.13. Based on earnings for the fourmouths ended April 30th, i928, it is estimated that net earnings, 2352b“) was Played Yeslmday If‘ Wm» i195 bee“ Yer)’ 5111169551“ in i119‘ similarly calculated, for the year ending December 31st, 1928 will be approximately. . . . . . . . . . . . . . $200,000 twee“ the Blue Buds 2nd mg“ “r °per‘m°“ °i m5 tracm" machlnely- As against annual Preferred dividend requirement of this issue of . . . . . . . . . . . . . . . . . . . . . . 90,000 Honest endeavour and careful study cannot 0|’ them- Felmws m‘! 111"" “11111118 011i b? The work oi the tractor beats the, . . . .d d . selves lllllmiso safely the real value oi Securities. 1m“, 56°" °l 9'“ The “mm” w“ 1101811- deeper 11nd more thoroushi '-°‘4““'“1°“t t° 2-22 tlm” m‘ mm”) dw‘ °“ "°q““°m‘:“i‘ ~ ‘ .515 ° 1111/51 H‘ swis- Miw To as d stl ‘ .,- ‘ tall t‘ fth h’ tth St. ‘ii 't' t'm re t t: et arnin s Adv-c» hm 0- 0.0~0000 0: 100.0». 000.0000 t 1000.0 my 0-5300 ‘£233 03103. a “LIFE. 5.1.1’? 8....°0ZFET§Z.Z“Z.Q0..,°D..=§ETZ{ll f0i3°lflifxmd.7f‘...° $300,000 values ls olfered without obligation alike to those who pur- , R1111!“ FQIIOWS B1111! B11118 toes here at the Harmony farm,‘ ’ ' ' . . chase in hundreds or thousandcsi dollars. C wh within a stone's (hyow of the Suki MANAGEMENT: The business will continue under the same management that has been responsible {outs . a m. _ I . I . _ . . . . . . t t. we would he glad m get an “mused "W", “rmmm R‘ Bradley ‘ ‘ _ ~ ' _ . . ' _ _ H M’ Kwslo tion ____..>_____ I sustau§§glgé'owt‘li1_f<t>‘r mlany yéears min addirttian. the Board of Directors Will include Prommen exccu iveso o er charge, on any Security an investor may he interested in , Pitcher j-After 10 yours of Asthma Uri Bucces ana m p“ Pa“, pap prope 8' - and we would caution the Public against making an invest- ‘C, Murray . , . . . . . . . . . . . .. w, Gillis J 'D Kellogg, Asthma Runway‘ The Company's principal bond and ledger paper products are sold under the trade names and watermarks ment or speculation without first getting o, report through 1st Base move}, me‘ onlyrelief ‘m. one gram; of “Superfine Linen Record," “Earnscliffc Linen Bond,” "Empire Linen Bond," “Colonial Bond,” “Service 1* 311-1111" 91' =1 fellulllble lflvtfllmt"! 13111110118 11111159. 15PM- '~ J- Bradley . . . . . . . . . . . .. T. Tierney m1 us“ and this 1,,- bu, one case Bond," “Mount Royal Bond" and “Rockland Bond.” They are known throughout Canada for their excellence h"! 0n the Sli-("flllfid GET RIC" QUICK OFFERING?» I 21111 B1156 among many. Little wonder that it. and uniformity of quality, and for these reasons are also in steadily increasing demand in export markets. The “M” ""5°""l'“|°"“ »““I“~“"‘°" P1111115“ 1""! l" §°111° "M5 1N» Jcnkills ~ ~ - - ~ - - - - ~ ~ - ~ -- G- Gulls has now become the one recognized Company's plants, although operating at capacity, are at present behind in completing orders. The additional !“5'"“'-°°- °"°"1"°"5 l"'°m~‘1 l" =1 511°" W111"! "7 "me- 1 I Donovan 3111 B1159 w Swwart rgrntt-giyf on titre llltilfkfill. Itrhas earifi- l machine being added upon the recommendation of the management and of independent paper trade authoritiefl. ' ' ' ' ' ' ' ' ' ' ‘ ' ' " ' e ‘ “me y ‘ S “V” a "3 ~° " ‘ wan enable the Compaxi to develop further its various markets. Short. Stop f n s . I ~. ~ _ y I n , l , ec venous. t, is earning it to day, _ , _ _ _ Co. ‘J. Chaisson M. Michael as 12B htas fine for y?“ £13155 Li“, i We [eager lheselPjrwzflzlarred Sgores fpr delzvery if, as and when issued anl received by us, and aubyaol INVESTMENT BANKERS ‘J Harley C Mumns Ezfizhsoffilfflgil. spec c w n tie ‘ oapprova ycounse o a procee mgsa -_ . ~ - - - - ~ -~_ - ~ ~ - - -- - nghulnanity. , _ _ _ ; 140 Richmond Street, Charlottetown 1.1mm Burke ,1_ Hogan ;TANDARITM'lN_'m““*i—_G ExcnANaE l and accrued CIIVIdBIId, l0 YICICI St. John Montreal Halifax ; Le", Flew ‘ l I. ,1 . . _ . . ' ~ l“ m” ~~~~~~~~~~~~ ~ B “"“°‘=° *1"“e*~-s'-~-'sh=s11~~>“~h R0 al Securities Cor oration Limited k i I ‘ #1 esy 0| . y p 9 _\ - LOUIS M. ATWELL dz CO. l MONTREAL TORONTO HALIFAX SAINT JOHN QUEBEC WINNIPEG VANCOUVER NEW YORK 6 8-H. , _____,. Charlottetown 0111s» CHARLOTFETOWN OTTAWA HAMILTON CALGARY EDMONTON REGINA VICTORIA ST. JOHN'S, NFLD, nnsrn or FAMOUS 10o night near his home when ms. J11“ 12 1-1913? 19‘ LONDON, ENGLAND " "us" WRITER fl,m9'“°b"° ovmtmncd on we Hm- Close - The above sialemenls are not guaranteed, but are based upon in/orrnalion which we believe to be reliable and on which we acted “__~ u m!“ ‘ Abuna . . $ 2 ‘l0 $ 2 '70 in purchasing these securities. 1932-2132:. I “Mum a b “will” ‘l5 .1652 r- . _ ,, .. . .. __ _ Irish writer and novelist was killed p4+qcyqg44oq+q+yqao+e+odfl y magic?“ ' ' ' ' ' ' ‘ " 38%|!‘ 38352 ,_____,_____ _,_.__.__ "AlTdbl ‘,3 <1 .__ ~ ____.___,____.___.__ 1. . - - - l . : " l i UT-OILTOWN "1" Area a1 31 lFederal Kirkland 0a so '. StQQk Qufltatlfln Qhawinjga“ 90». EYES TESTED 9eg"°r'\fft'ihzfr‘ba';ivr‘ifeig Arno . 1c 1o ‘Granada ........ .. 261.»; 23%; _ 0,0011. Stmslil). Com. s1‘.- AND . m “I. we can and do gmity Sumner $15, grcfifigyefllilfiy . . . . . .. 145311; H 22 I, HALIFAX‘ June 1a __ Quotations Can._ Simshp. Pfd. Glasses give them prompt and Bfigrgrdo “gm 33 "~' 33 ‘moweyg r '85 '71; ‘furnished by Johnston and Wnrtliabiiilélmg fiiisdge 37 satisfactory service, al ' " ' ' ' ' ' ' "' , ' . Members Montreal Stock Exchange. B550’ 11 ~' - - ~ ~ ‘ - - > ~ - - ~ - -~ ¢»=-»=1~»~~=~~= ""1- Me‘ ‘"“""'=°""“‘ "mm 320031.000; """" "" ‘i? iii’; 1113520523. "tam 3333 i323 l . . . . "arm, -.,-,-.',,;.,:, ~~~~~~~~ ~ 3° °‘1“'1""°“'- W=*'="=-1>,"‘P°‘°““g;-§ Central Mammal-W- 12": 125'} Keeley " A '64 A6’? l,“ 1y hwy}: ‘,3; *;.§",l“"°'“.,,- >Fl‘l1S€l“lil1d Co .. . . . . . . . . . . . . .. ._ ‘ _ 7h . . . . . . .. E w TAYLOR 1111a; 21",‘, {fkfi-fzi Clericy .......... .. 11-;- 14 Kirkland Lake 1.34 1.81 =An,'e,,‘c’§n Cnfco _ _ _ _ 8,,‘ Power Corporation ' ' which keeps our out-of- cmw“ 3'95"“? - - 52 5° ‘mommy m°reme 29 2B ‘Am. Car 8s Fdy. Co. . . . . . . . .. 95's lFmfig" sewrmes ~ - - ~ -- J- S- TAYWR :"""..="'~:r".::.:.:".:'::= 3112*.“ ~~~~~ ~~ as; s58 £252. ~~~~~~ ~ “i: Pr» », ~~~~~~ ~ "£2531? 3::.‘::::::..f ~~~~ ~ OIIC WI ' ' ‘ ' " " III. I'll ,1 II. ‘ _, E ‘JIPQOETEISQIE t in on’ parflcululy u it Mglgrtig _ _ _ _ , 1,37 1,35 Al“ B0565 Mug‘ Cg _ I _ _ ‘ _ _ ‘ _ 301,, ,CQII‘,SPBK Ry.‘ .. . 36‘.

1 c on ee ects securities that LY-TOX NECESSARY Mandy 2.75 2.75 An 0nd Co“ M~n_ Cm B t h mer ca . . . . . . . .. .-

we ha" sold them. “ A T-F m T bltzcgityren . 28.3w 26g‘ N_ ca; a, Bud‘, R,“ R, R, 16,, llmpcriai on .h.Al.q.k.s. . . . . . . .. e4

"'°*"°*‘“'°"'°*‘*“"‘°“"“ ‘nrs re ess a h c ougo .. _ _ _ _ _ _ _ , _ U115

We i111!" l" Plflzfiih‘; Common ' * m. Mining COPIYh aso J 3.30 (l/lgtfjgalNcoyl ....... H 3,90, Bank Royal . . . . . . . . . . . . . . . .. s15 gags‘)? géuvlviflqgut you‘. F“ h d d u“ $0902: H941 - £71 International Petroleum . .. 38W, s- ° ' . . " cs ave cause n re e u " _ _ _ , _ , _ _ _ , ,_ 41;, Brltlsh Columbia amzx: ‘zfmwg: than all wars." says Malioor 110020;» New-pbeg 46 44V.- 5002130912 (illaclilicJ . . . . . . .. .. 1121/.‘ Yo" r 0 . . n . oi’ the Medical Department o! the Nipissing . 4.00 4.05 ‘Union pacmc Ry _ , , _ _ __ __ 190s, , _ o“ bum“ h w duh" w W‘ Mollldmg? a d 11°" , United States Army. “Since m0 flykNoranda ........ .. 31.75 34.75‘ U_ s_ m, Mwho, 0,, _ 102., ‘ u“ v bu‘ m“ ‘h. “m. w‘ came into the world it has beenfotter Doal . . . . . . .. 111/.» 10% Westinghouse Elm __ _ 901;. , ‘wuhm a h “u”: “ n’ “m,” ' , synonymous with epidemics of pes-‘Ploneer . . . . . . . . . .. 57% 57 United states Steel _ _ _ _ _ _ _ _ __ 1341,. P“ Inst arrived direct from Vanomive tilence and disease." But with Fiy- Sheritt Gordon .. . .. 5.90 6.00 MONTREAL smog]; gxcnmqgg . rinnzldlgw 2 "k 2mm’ ‘wil- Ono lull oarload Qt , . Tox it is s. very simple easy matteinstadaeona . . . . . . .. i6 151/. Abmbl _ , , , , , _ _ , . _ _ _ _ _ _ _ , _ , ,_ 67 ' '1 0- straws" m’ .. 22.32.22:.2:.":;m:a:e.ms2rs..s:“ -- .212: r..:.2:@:.:s.."s.~ ~ ..; r etropo ton s- ' ‘ » ‘ ' ' ‘ ‘ ' ' ' ' ' " ‘ , W- D- Q111113 31 99-, we“ rm ronorsro fli;ll.‘i.i.l”.0“‘° lfilfiiifliitheii°lfif"lfiflwilikiir..." ".1: 00.32 10%?» lfiiélii‘él‘l‘lii.lgii ''''''' "‘ ti’? l, / "m 1" . 1n. M. room s. c0 8:232" “$2.132: Slrfitlmiii“t.';§{1...‘:l..’3*a.‘§lifil.;.2:35;“ “~23 “"22 $621.23.. °..§.2".J3.%'"; - 132-. ~ “l t t S 1i v P110118 W115i"! N=WYQ=1= an. household insects on blue iab-fwmstsn 1o a». Bromllwn - . - . - - - - - - _- . 4'1 l l, nves Inen ecurl es L_ _____ _______ eled bottles. Insist on Fly-Tex. lwright. Hargreaves . 4.25 4.25 Brazilian Traction . . . . . . . . .. 53 a 1 , rmgmg p Father —By GGOYEB McManus l] This monthly publication contains an t . . . . l WW”. WEWERE GON TO THE N01- 5° 5m m. "1 Mowing 0,0 You 0,0 , q ,.,_,_ w‘ , extensive list of sound investment WELL,A% Louc, AEa-MAGQE HA”: “TAN? Bu." Mm,“ A‘, WELL AT "rue some sea FATHER m we ‘SAY l on: w, l oppoftunitigg i "roco-roTHF. M°° "rm - 1-5 5x114 a - * ' MADE UP HERNI ND I E NO O INQ QUVT . AN 1 1 . $EA_$H°RE_W.LL Do M; Na GOQD Moi-t FOR "m: MOQN- rLLrRYoN P15. D WE MADE i , . U” w‘ “ND ‘, 1 The exacting requirements of National.

T9 Aaqugpqggauesa Wu. ENDUP IN A FIGHT wiTH MG. THE LQSER- Sq

e m; s, 1m s00“); emu. i._

Hi0», SQQKSRN- T"’“22~’ 1M1‘ n, f, THE QENSHORE v » . 0 ( f? at...» J ‘ l s _ . _

BATPUN‘ SUIT-AT LEAQT I'LL HAVE

‘THAT WE ARE.

N91- QQNG 1-9 , City standards is an assurance to in-_

vestors that the security behind these i investments has met allthc tests of a ‘ most rigid and searching

Copies will be mailed upon request.

HeadOllico-S\.JantoeuillPSt.PetIIIfli-' '°"i'3ai>"w'i'~5'"‘ """3rr”‘7'tlvl"”"" 7b

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