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FEBRUARY 28 1914

__ _ , 7 _ _ L_ F _ V »- "'1¥Bll.1..LfI‘mafr Nmwn THEACHARLOTTETOVVN GUARDIAN

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1, A I OFTHIE

‘MIB

NB INTENATINL FUR Ill..

I LIMITED

INCORPORATED UNDER THE LAWS OF PRINCE EDWARD ISLAND

Capitalization A I $625,000.00 I T Par Value I $100 per share

All Common StdcR,~-Fully “Paid andll-Nonassessable

S ASSETS LIABILITIES

Rauch property and equip ment including extension fund

for additional equipment ` t$§.i5,ooo.oo

Treasury Stock 50>000_00 Ranching and management contract (including expenses ,

of organization and promotion) to Sept. ist, i<)i4 .|o,ooc-.oo

Twenty pairs of pure bred P. E. Island foxes _i;2o,ooo.eo

#$025,000.00

C8.l)ll8.l Sl()Cl{ f #()25`(),)()_()()

The ctiiipany does not owe a dollar and will not

have a dollar ot expenses up to September Ist, 1914.

so2`5,'f§o6.6'6

PARTICULARS

This company is owned and operated by B. I. Rayner and E. 1-1. Rayner, and their associates,

and isa consolidation of the home ranch interests of B. I. Rayner, Pioneer ranclnnari, /\lbei'ton,P. li. 1. with the E. II. Rayner interests (including the E. II. Rayner Fur Company, and Rayner and (iaftiiey interests) at Summerside, P. E. I., and brings together, not only a group _ot the most successful men in the fox businesspbu-t an aggregation of twenty pairs of foxes, that for quality and productiveness have no superiors.

The na`mc RAYNER is synoncnioiiswvitli; success in *the 1Fox industry- of Prince Edwardelslanct ‘

from theflezirlicst `f’tiiieer days, and the President of the RAYNER INTERNATIONAL FUR COMPANY

LIMITED is without doubt, the most experienced, most practical all round fox man in this Province today.

I =. The Rayner strain of Silver Black foxes .represents the best blood of selected Prince ltdward

Island stock from all of the old pioneer ranclies, and by hard work, intelligent mating and wise selection have been developed into the finest type of Silver Black tox,----large, vigorous, productive and heavily furred troin nose to tip.

Many of the most successful ranchers in this I’i'ovince_ have built their fortiiiies up in -Rayner

l"o.\'es :md Rayner methods; the companies payirg the largest dividends in A. D. 1913, being stacked with RAYNER Foxes. ,

THE PROVEN BREEDERS

Tlie 2 pairs of three year olds raised 31 pups in 3 years.

The fl pairs of two year olds raised 34 pups in 2 years.

The 4 pairs ot' one year olds raised 16 pups the_ tirst year. an average per pair of 411 1-/-l and

5-ti pups each forthe one tvto and three year olds, rc>'1:ccti\‘ely. '

THE YOUNG F OXES

Most of the Rayner foxes bred the first year.

()ne hundred per cent, of the 1912 pups in the several Rayner ranches raired litters iii 19115.

i The nine mothers of the ten young females owned by the RAYNER INTERNATIONAL FUR

COMPANY, LIMITED‘ raised forty pups in 1913. “Like mother, like daughter."

All exrenses of every kind up to September lst, 1914, are included in the capitalization. There are

no carried ovc r charges to come out of the ea rnings. ,

75 Per Cent of the Rayner International Foxes have already Bred A

EXECUTIVE OFFICERS

B. I. Rayner, President

D. G. Harlow, Vice-President E. H.'Rayner, 2nd Vice-President and Manager

Jno A. Lea, Secretary-Treasurer

‘ A. A. Black, D. V. S. Veterinary Director

Stock Subscriptions Received at Following

eAgencieS .

AL. R. Morris, Newsome Block, Ch’town ' Canada Fox Exchange & Investment Co.,Ltd.,Ch’town 'I-*`tarin Stock & Fox Exchange of P. E. I. Ch’town -

M§u,teh_*'& Co.,`Ch’town

__ Reasons Why You Should Buy Stock In the Rayner International Fur Company, Limited

Because it is managed by reliable men who are expert in lox breeding.

Every Rayner fox enterprise has been successful,

Certainty of a handsome dividend in about nine months and annually tliereat`ter.

A special provision for Reserve Fund from earnings of 'l`reasui'y Stock. Uniformly high grade foxes, guaranteed to produce nothing but pure. Silver Black pups._ Sound business policy assuring good earnings on fur basis. I ' ' Every fox, except one, is under four years old.

AFTER P SEPTEMBER 1914

the foxes will be ranched, andthe business of the company will he conducted at COST, under careful and economical management, with the aim of producing the best possible ieturns on the capital invested.

No Excessive Salaries to Directors or Employees

The inanafgement of the Rayner lnteriiational Fur Co Ltd will dept-nd for their protit upon the div-

idends earned on t ieir own stock, and no excessive salaries will be paid otlicers or employees.

The Future of the Fur Industry

is assured, and the RAYNER INTERNATIONAL FUR COMPANY, LIMITED with the Rayner name on theifrprétuoésélayner foxes and Rayner capital in it, and Rayner, experience and ability back of it is cei'~ tain o < . ’

_ The i_nterests'of the smallest stock-holder are identical with those of the largest, and e/ery dollar invested in this company will have the same earning power. . I

A large amount of the_stock is being retained by the Rayners and their associates, for their own

peciisonal invcstinent,and a considerable amount is being placed abroad where it willadvertise the fox breeding in ustry. , '

Only a liniited ainoiint will be offered for home subscription, and thc time to subscribe is NOW.

Further information on request. Send cheque with order to

E. H. RAYNER, Manager,

sin/iivii.-:i<sii>i~:, i»i<iNci~: isnw/\i<n isi./inn.

Bank of Nova Scotia, Bankers, A. C. Saunders, Solicitor

DIRECTORS STATEMENT

We, the undersigned, Foxmen and Directors of the Rayner International l~`iirCo|iipari_v, l.iinited,liei'e-

hy certify tliat we have personal knowledge of the quality and breeding of the foxes accepted by its for the above named company, and that all of the 20 pairs are as represented in this advertisement. And we hereby agree with the stockholders of the Rayner International Fur Company, iLinitcd, that if any one or niore pairs of said foxes Should ever produce anything but pure Silver Black pups, we will purchase the offspring at the then current prices for the best Silver-Blacks, and ‘either replace or pay the tull price for the parents.

B. I. RAYNER, President.

1). G. HARLOW, Vice-President.

Signed, JNO. A. LEA Secretary-_Treasurer

E. H. RAYNER, Managing Director. A. A. BLACK, Veterinary Director.

V _"TTT I T

I APPLICATION FOR STOCK

To The Rayner International Fur Company, Ltd. Summerside P. E. I.

I hereby apply for...... . . . . . shares of thc capital stock of the Rayner lnternatimial l"iir

Company, Limited, tor which I agree to pay, at the rate of hundred ($l_t.t|l dollars per sliare. the sum of ’ ... .. . . ._ ... ... dollars upon delivery of certificates of said stoik to inc, iii or within ten days from this date. I enclose as deposit on account of purchase price the sum ol- ... .... .. _ .dollars T

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