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» 3 , 1 , ,.gi(lharlese;ltonSil.vei’Black ox Coriiipany, Ltd., , ,

. ' T Head Office At Charlottetown

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R Capi al Stock

The company will be capitilized at $625,000 divi ed into 6250 shares oi $100 each. - The Dalton Ranch hardly needs an introductio as the name “Dalton” ,is synonomous with all that is best in re-

gard to Siliver Black' Foxes. . ` ‘_ For the finest quality of Silver Black Fox Fur the world has been looking and still must look to the Dalton Ranch. Proof of this claim is furnished by the fact tha, the Dalton Ranch holds the woi°ld’s record for the price of Sil- ver Black Fox Pelts, and the London market reports sh w that whenever the pelts from this ranch were oifered for sale they always commanded the highest prices. ti _

' W The Foxes R

_There are how twenty pairs ot Foxes in the ranch being taken over by this company all tested breeders with the

exception of two young pairs, (which are replacing twolold pairs] each female ha.ving given birth to one or more litters oi pups all closely related to the foxes from whichthe sk ,ns were taken that produced the world’s records beiore mentioned.

R The Terms of Purchase

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 Manager lor the term of one year or longer if required.

An U To Date Ranch

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Mr. Chas. Da ltou has been raising Silver Black Foxes for twenty-tive years, being the pioneer of this industry, and has matic their habits and requirements his lite

d d th ' other man in the world so qualified to build and equip a ranch with all the facilities which are so necessary to produce the very best results. The ranch

stu an ere is no , V is Rtlidd with all modern appliances calculated to insure the safety of the foxes from injury and disease. 'The dens are built with the sole idea of comfort and seclusion- and the

` h d of loss durin the critical itiods of the breeding season.

conditions off0.x lite in its nat.iiral._.s_tate predominate, thus eliminatinga twgreat extent t e anger ' g pe

so i The Location of Ranch

i The Ranch is located on the fariii of Mr. Chas. Dalton about a half mile from Tignish Station, It is five acres in extent being fully covered by what is known as second g rowth of hard and soft wood,'coinpletely enclosed in board and wire fencing. The fact that there are no large woods in close, proximity to the ranch minimizes the

danger o f loss~by bush fires.

P Probable Financial Returns 7

Wh en considerin this proposition as an investment don’t lose sight of the fact that Mr. Dalton guarantees an increase of not less than 50 young foxes to be raised

to S y 1, 1913. For ever? young one under this number he agrees to pay in cashto the proposed company $5000 of the purchase price, thus guaranteeing for the iirst year

d b is of I 0 a ai which in view of the prices now being paid is a very conservative estimate. This is the minimum estimate of dividends, which

$2 50,000 ividends on a as $ o, oo p r, ` _ _ w e feel sure will be greatly increased, because instead of 50 young foxes there should be at least 75 come to maturity, and based on an estimate of $10,000 a pair would net the

company the handsome sum of $37 5,000 or 62 p. c. on the capital invested.

0T'h Vl 0fPlt

A While the object of this company is lo raise and sell Foxes for breeding purposes, if the time ever comes when the estimated value of dividends will be based on _the

market value of pelts, the following Hgures will show where the Dalton product will stand. In the year 19io Mr. Dalton placed on the London Fur Market twenty-four silver

bta k lt`s which brought an average of $1 400 a pelt. _

C pe This was the last time that Mr. Diiltou placed pelts on the market with the exception of the present year when he tested the market with one pelt which brought ,[410

or $1995.30, showing conclusively that the pelts from this ranch command the highest price that the market affords.

T k th n 'the lowest estimate of production viz: 50 pelts at the conservative estimate of $1400 each, this will net the company $7o,oco or 11% per cent. on the cap-

ital invested, iiudeif the production reaches the normal estimate of 75 pelts, the dividend would be increased by 50 p. c. representing a profit of 17 p. c. to be paid to the share

holders. '

1 a Ranch Expenses

The expenses of running the railcli arc estimated at 2 p. c. of the estimated financial returns, so it will be readily seen by intending investors, that there is a saving

here of 2; p, c, as compared with ‘the ordinary F ox ranch propositions, where the ranch owner gets every 4th pup or 25 p. c. ofthe market value, and in some cases a saving of

over 31 pi c where the ranch owner demands every third pup or 3 3 I-3 p. c. ol’ the market value.

T A l°cat°ons For Stock

Application for stock may be made to Hon. Cggalton, Tignish, Warburton & Shaw, Ch’town, W. B. Prowse, Ch’town, and any branch ot the Canadian Bank of

Commerce on P. E. Island. . . 0 '

- 7 Payments

` 10 p. c. of the subscribed amount must accompany all applications for stock (which in case stock not being allotted will be returned) the balance to be paid on Dec 1st,191zf T \`

Pftoviqiomi l)b°ectors are lion. Chas. ebaiton, Preside_iit_, Mr. W. B. Prowse, Sec"y ° ` ' » 'i`reas.,v Mr. A. B. Warburton, Solicitor '

intending 'investors must get their, application in at ,once as the stock 'is selling very faSt. Dorff liiterl to the

ifnoclrers. We have thensime and the game, and they know it. Tomoiirow may be too late so subfscri‘be` today for what* feibr/you oan'hH`ord. ` ` . _ _

' !'l`lii's is the best Silver Black F x "proposition ever presented to the Canadian public, and therefore ,presents the

agpojtanity for investors of eitherilarge or small amounts, to share in the immense profits being reaped from the itoiUii|§<d£Si'lver'»B1ac»k Foxes. V ` _ _ , _~ ’

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