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c i Eaptitfal Stock' .

' _ C0il;_\pany will _AAbe'~c_apitilized at $62 5,000 divided into 6250 shares of $I0o_each. _ . A _ . _

’ _____________ The Dalton Ranch hardly needsAan introduction as the name “Dalton” is synonomous with _all that isbest in re- » ga{rd`to Silver Blackf Foxes. ` ' ' ~ _ _ .A ‘ ' _ ' _ A _ _ For linest_`qua`li.ty_ofT Silver Black Fox ,Fur the world' has been looking and still must look to the Dalton RP¢7<|i`ch.~ Proof of this claim is furnished by the fact that theDalton Ranch holds t`h'e1 world’s record for the price of Sil-, 1__r_§__i; Black FoX__l?elts, and the London market reports show that whenever- the peltshfromi this ranch were offered for sale they always commanded the highest prices. _ " _

v rharaxesr ° _

___ ___ _There are; now twenty pairs' oi Foxesin the ranch being taken over by this company all tested breeders with the e:"1lice";'fiti0nA0f two young pairs, (which are replacing two old pairs] each femalehaving given birth to one or more litters of pups all closely related to the foxes from which the skins were taken.__thatf produced the W0rld’s records before mentioned.

D A The Terms of PurchafseA

A The syndicate takes over the entire plant, good will and ranch of Mr. Chas. Dalton, comprising five acres of »

land with all equipment contained thereon. _ _ _ __

~ The syndicate has the sole right of the use of the name “Chas Dalton" in the Fox Ranching business. _ _

Mr. Chas. Dalton to remain with the company as Ranch Managerior the term of one year or longer if required.

An DU To Date Ranchi' A

_ i pu _ r . _

_ Mr. Chas. Dalton-has been raising Silver Black Foxes for twenty-five years, being] the _pioneer _ of this indiistrj,_and." has made their habits and-requirements his life study, and ther is no other man in the world so qualified to build and equip a ranch with alirthe facilities which are. so necessary to produce the-.very best results. Tlieranch

fhi m,alanmhrn=iapNiancesAcalcnlated to insure the safety of the _foites from injury and disease.A The dens arebuilt with the sole idea of comfort' and seclusion and the ~ 1" ‘olfoazlife in ita,AAnaturai'staterpreileniinate, 'thus eliminatinga to, great extent the danger of loss dnring_~the' foriticaiyperiods-oi’_the breedingseason. “ ' i""`

D Th Let' of Rariclii A __ __ _ located on tliefaimsof Mr._ Chas. Dalton about a half mile from ’l`lgiiis_h_‘ Station, It is iiveiaereisl-iii extent being fully; covered by what is known as

lm‘rda`nd'~soft wood, completely enclosed in board and wire fencing. The fact that 'there are no ` large woods in close proximity to the ranch minimizes the 'infer of'loss¥l`1y bush tires. _ ' A t _ _ i ' A '

t Probable Finantcial Returns

l When considering this proposition as an investment don’t lose sight of the fact that Mr. -Dalton guarantees an increase of not less than 5o young foxes to be raised

' 'F V ii under this number he agrees to pay in cash to the proposed company $5000 of the purchase price, thusguaranteeiiig for the first year

to ]uly_ 1, 1913. or every yonngo e _ _ _ A t _ _ _ _ _ _ _

or air hich in view of the ices now being paid is a very conservative estimate. This is the minimum estimate of dividends, which

A =Aj'd d rbi _#ro . rw Pr A _ .

tv_iz5i,e’2iws)ndri;»_xwielii;hi gftrxeitlyiiiiicrsasetdi iiegcdnlie iiistead of 50 young forces there should be at least 7 5 come to maturity, and based on an estimate of $ro,ooo a pair would net the

company the handsonie sum of $375,000 or _62 p. c. on the capital invested. A _ __

L i As, . i D. Based# On Ithe Value Of Pelts _

he .yt i iaitheyf ` ~t of this din' ‘ ' 1_0; i " d ll F s for breeding purposes it the time ever comes when the' estimated value of dividends will be based on the

marie; lgxiehfe followiifg 5§‘;Zsl:vill'r:h:;vav‘;heai'; theoligilton product will stand. , In the year i9io Mr. Dalton placed on the London Fur Market twenty-four silver black‘°}ieits‘whicg‘eBrought an averagc‘of_$'r,4oo a pelt. ' - _ _ _ " ._ i ¢ _ _

Thiawne the last time that-Mr, Dalton placed pelts on thermarketwith-the exception of the present- year when he tested the market with one pslt which brought _{ 4 io

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_ ~ 1| mug' ~ 1 i 1 .th '|;..tl1 ‘ lt f thi n li command the highest price thatthe market affords. " » ,

fm; ussiieziiiiniite Prtidiiciiblii viz? _gin belts at the conservative- estimate of_$_r4o_¢`J..each, this will _An'e_t the company $7o,oco or 1 1 yé per cent. on the cap-_

ital invested, arid iithd prgriuction reachespthe normal estimate of 75 pelts,_the dividend would be increased by 50 p. cf representing a profit of_17 p. c. to be paid to the share

holdersv I D D i 'i ` I t

. t t Ranch i Expenses” _ _

D W li #"1 vi \ D W i W D in d oi theiestiinated linancial returns, so it will bereadilyseeniby intending investors, that there is asaving

__ » ,.. di fnse`e,,`of runnin the ranch are estimate at z p. c. A-_ - _ ofizj c. illaigcoiiipifiredi withgtlii-§'or(¥iii`ai'_y Fox ranch propositions, where the ranch ownpr gets every 4th pup or 25 _p. d. of the market value, and in some cases a saving of

ova( 3| p. c _w_lie~re-bhe'ra`nch owner demands every third pup or 3 3 I-3 p. c. ofthe market va ue. _ _

v Appircatroirs t For Stock » _ __I ' , 'A for m;y',bs:-iiiideto `IIonf`Giids.,Da1ton,° Tignish. Vifarburton & Shaw, Ch'town, W._B. Prowse,Ch’town,and any branch ofthe Canadian Bank of v e in _ Payments _ _ : _oi aniouititimust accompany all applications for stock (which in case stock not being ' diidtted wi1l*b_e“returne‘d);.;theQbitlance tobé paid on Dec ist, 1912 '_ _ l _ `_

'lh'e‘iP._ii6Vi_S;idii‘&f ¢_ ____._ Chas. Dali0ii_,__Pi'_¢esir_ie_i1_t. W. B. Prowse, Sec y

f _ - A _ _ BI- _Wtiffliffens 50i1¢\*0l‘ A - »

° 'apjpliication in a`t’_dncea`.si the _stockis selling very fast. _ D0n't listen toqflit. é%9¢k¢f§,i _ W¢__hi;'v¢ the grams' Andi-h¢_g`ame, andthey know -it. Tomorrow may be too late so subscribe today for what.-

_ our you

urge of smti1smetinis,it0 si’af¢Ain theimmt-its pants bang reaped from the

Officer At Charlottetorpn it '_ _

proposition everi'_presented_to_tlie _Canadian _p,ub1ic,,'and therefore p_res`entsg the

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