"Ill on anus _ ._

`l °SPlllSH

800800010!

4:40......,....a_................&

éfeeeeseeseoleaeee

` 1' _IFUE an

' l Utilize! telephone wires limultnoeo .

_ ly for ihe purpose of teiegra hi :xi

P Q8

._ _ _ _ ___¢e_lephonln¢.

` ` l ` Controls all the telephone Companies is

| ' l* 'Neve Sc tl.a»and Prince Edward island

Asn rrzuzrnous .-»~_ whim-

1 _ >f f ~.

.. _ _ . -I

' ,- . » ~ '-.Twice the amopnt rerned on money

6 C _ placed upon _deposit with banks.

Unnnid dividends upon sucheteclrs ac-

' _ cumu te from year to year and must he 1 pnld before dividends on cammon stocks.

.I/\.

- May he exchanged for an equal amount

plfgfgéaxpp Sioclr nt par ai any time by

__|,~rinnnnn;n ' ..‘.Z:.:‘::':.i'::.;‘:.t““"’°“°‘ ““°'

Par value $10. Price $10.20 per share

_ _ yieliiiag near|y6 p. c. on the money in.

_ vest

-0--.F. B. MCCURDY `& C0-

;' -- Members Monirddll Sleek Exchange. . lelilel. Henlreal, Sf. Iolm, Oifawn. Sherbrooke Kinleton, ' Sydney. Charlottetown. Montreal. Si. Jclm'n. Nfld.

l hm- <4 1 ` -

, _e 'I ~ _x _ ` _L-

,_ Mas1'rri?¢*l_i Pnovruom ~ _ ‘ snonarrrss. `

(Quotations Furnished by F. B. Mc- Curdy & Co., Stock and Bond Brok- ers, Members Montreal Stock Bix-

change, Charlottetown.

Banks. -

British

Royal 220 Miscellanmus.

Acadia Fire _ 100 93 Acadia Sugar Pld 103 100

Dorord ` 70 00

Brandram-Henderson Com. 80 25 C. B. ll_ller~ Com. 80 77 msc. can hav. ai man 140 iss Eastern Trust 150 145 Halifax Fire ` 100 90 Hew. Pure Wool Te: Pfd. . with bonus Com. 100°* 100 93

l li

_ _ ser. Bla.

iss 154

Commerce I 214i 213) nomic ‘f 234; zur Nova Scotia _ 253|*

,Maritime Telephone Com. 84 80

Do.Pld. 102 100

N. B. Telephone 110 106 North Atlantis Fisheries

Pfd. with stock bn sua 100 98

N, S. Car lst Pld 94 89

Do. 2nd. Pld. 69 60 'Do. Brd. Pfd 44 49 Do._ Com. ' 22 19

N. S. Clay Works P.‘d. 94 89 Do. Com. 40 30

‘Nova qcotia Fire 100 90 Btanfieids -Pfd. 105 102

\ Do. Com. 70

:'13

'rnniana ohne. ru. oem. 40 az Trinidad Elec. 73

Bonds.

Brandram-Henderson Gln 975 C. B. Elec 5’s 95§ 93 Chronicle 6’s 101 99 I-Iew. Purn Wool Textile 6' 1.

with bonus ‘ 102 100

Mnritiine Telephone 6's 108 105 N. S. Steel 1st Mort. 5’e 94; sz; Do. Debenture shock 100 98

Porte Rico 5's ' 93; 92; stanllems sw iozi ioo

I 2%- l ; _J

" 11.1.-2.1. \RA1x1.wA Y

flnmmenelng on April ieth. 1918. the trains oi’ this Bnllwnv will run

As follows '

.make a confidential communication to

||nnnmeom.n~ _ '

_ El|iS£Sf5llllKE

_»\

.»- ‘ _

__ _,ily _

TORUNNA. April I8 (Special)--'l‘he arrival here of Senor Don Jule de la Ciervay Penatiel, who was formerly conservative Minister ortho Interior, 1 who has been engaged as counsel in a` cmu~t‘ case, raised a storm among the laboring classes. The unions declared a general strike and the order was

Dr<>mptlwbeyed. Now all the factor- ies and rkshope are empty.

An ugly mob met Senor de la Ciar-

va at the railway station and ieered him. '1_‘he police had difficulty in pre- venting violence.

Senor de in Cierva was -Minister of

the Interior when-Professor Francisco Ferrer, director of the modern school of Barcelona, was executed, and owes his unpopularity to his firm repress- ion of disorders. ‘

--_-.__.__.

EUHUPEAN SITUATIUN

BERLIN, April 28 (Bpeciai)__There

are many indications here ol the ser- iousness w‘th which the-German gov- ernment and public regard the Euro- pean sltuation, which has entered an- other crisis as grave as that which preceded the Austro-Russian demoli- llizatlon. '

The press bureau of the German

Foreign Oilice, contrary to its usual Custom. is not prepared with a state- ment either in regard to the ultima- tum to~Montenegro or to the general situation. It is believed, however, that is is probable that force will ul- timately have to be employed to ex-. pel the Montenegrins, who, it is thought, will not retire from Scutari, voluntarily or in return for a loan or compensation elsewhere.

It is the oilicial view here that all

the Powers will work together until the problem has been solved.

A feeling of consternation and help-

lessness was displayed at the confer- ence of the Ambassadors of the Pow- ers in London. The representatives at all the nations, including Russia, agreed that the decision of the Pow- cts concerning Scutari must be ad- hered to an enforced, but all were non-plussed by the question of how Montenegro was to he coerced. Dr. von Bethmann-‘I-lollweg, the Im-

perial Chancellor, snd Herr von Ja- gow, the Foreign Minister, .went to J the Budget Committee of the Imper- ial Parliament today in order to

its members in relation to the inter- national situation.

The Lokal Anzeiger says it has learned that the statement made by the Imperial Chancellor led the com.- mittee to decide to begin the discus- sion of the military bills at once in-

_ IS

._ _ _ _ »

NAPLES, 'April 28 (spggali-'l‘be

new Italian dreednsugbt _lic was launched' at _the .navy yar`d` at Cas- tellemare fin-the ‘presence oi the King and _Queen ol Italy and'n large ga- thering of the military and naval au- thorities. .

Queen Helena christened the vessel

amid the cheers of an immense crowd of spectators.

KHUPP CHAIRMAN

DENIES EHAHISE

COLOGNE, April 28 (Special)-

Herr Kughenberg, chairman ol the Krnpp Board, in an interview pub- lished by the Cologne Gazette, says if the Berlin agent of the company brib- ed officials of the German War Oilice for the purpose ol gaining informs- tion about armament contracts it was with his own money and without the knowledge of the company. The secret reports sought were only such ns any co pany must have in order to know .wlllnt its competitors are do- ing. '

EEEEEESEEEEEESBEEEEBBEEEE

After Nlcasles Vi/hooping Cough or Scarlet Fever

is a critical period-weakened throats, delicate bronchial tubes and unsound lungs often follow; sometimes impaired sight or hearing. _

But if SCOTPS EMULSION j

in taken prornprly and regularly after the fever subsides it g quickly and edcctually re- stores appetite, strength and ' ilesh. I

Scott's Emulsion contains_ (he elements nature requires- Qo restore sound /realtlx..

_~...\r.\, ll~\\-il 'l'~:f=n\.. imlnw- 1’ T `

"Sweet Peas; , Carter's Celebrated

English Sweet' Peas are having a large sale; over eighty named varie- ties to selectfrom. Everyone that possibly can should have a row of

stead of postponing them as proposed intil May 19.

The cancellation by the- Kaiser of his proposed trip on board the Im- pcrator and his determination to re- turn to Berlin from Hamburg on April 28 are attributed in well in-

BEAD DOWN

‘ BEAD UP

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gill' D22' Dill? srarious sir ’ sin’ Sir." eil.” Sun. Bun. Bun; - Sun. Sun. Sun. Sun.

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1,10 Lv. Ch'town Ar. £61 V `

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nr ummerside lv

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0.10 Montague

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» McEWEN, Superintendent

llllllf - .

.- ’

4 _ ' - - T _- l

Motor Supplies- l .....s..'........

H _ . ' ` 4 pn. bona. au. any |915

Gasoline, Cell Connectors. Motor Oil.Elec- _ ~ pg” to YM.; 5.p_ ¢ _

iii?) Wired Primagv and; Seccgldai-£1, éllils . sl __ _. '_ _ .

, » ~ - renee, mme ers. par o S qi c°_|'¢d_ . ._ __ - c

“gap ilianmke _b_r¢urnfy ceni Cvluicbie. E"'°'“ °°""B°'_ _ C‘~@l§,»',,'I§",§'}, 8’ C”

. Connecticut Plug Coils Perfex Spark Plugs. llmmnn ni m. »

Sweet Peas planted, they are easily grown and blpom all summer. For sale at Carter’s Seed Store. 4~28M2i.

"Calypso Vanishing Cream is a Light, dainty sllln preparation that is delightfully soothing and healing.

formed quarters to the crisis brought It keeps the complexion in first.-class

about by th`e fall of Scutapi. condition and makes the skin velvety,

soft and clear. Large jar 25o. The

_ . Two Macs, 149 Great George St.

_ __ ‘ MEtl._

"Seed Potatoes, selected Early

Rose, and Beauty of Hebron for early plan-ting for sale at Carter's Seed

Store. 4-Z8M2i. _

“Lawn Grass, Now is the time to

renovate your Lawn, Buy Carter's evorygrcen Lawn Grass seed and\ you willl have beautiful lawns; Special Lawn Grass mixture for sale at Car- ter’e Seed Store. 4-23M2i~ __ . .L-___._.a

“English and French navy

blue soiling errifre llllf (¢¢¢|V' ed Pure wool lnstindxgo dye. 50 lo 58 inches wide $l_.25.l-35, |65, L75, 215,265 aiS. A. McDonalds. [Look them `ovrr.

' 4-28M5i.

_ lil

A Short Term lnvesimeni 2 000

R S. V. P.

Action-'response - that is what we hope to get from this advertisement. _

A map anda circular are ready to be mailed you ns soon aswe have your namo and address.

The map shows the locat- ion Of the Porto Rico Gen- eral Telephone Compnny's . extensive telephone system in the Island of Porto Rico. The circular shows how well secured the 7 p. c. First Mortgage Gold Bonds _ are. with ample equity and

` large earnings.

A_.n exceptional opportunity enables us to offer these

. - high-clase.Bonds at a price

to yield thtpginusually high return of_ .76»p. c. `

&r_e you not sufficiently

_ infbhlebed NOW to sen ‘ _ for the map and circ- ‘ ulnrl’

' if- _

_ 0 . _ _ _ ' Members enireal Sleek Exchanje

,Copper Gasoline Pipe

Si .leli|\.l|.B. Hon`lree|.O\I\ I

‘ . Direcf Private Wires _ ,

Peffe Vibggtgfs R8j8h S Rfk Plllll 7 Ielifax, Si. John. Hon_iroaI,

_ x _ _ _ '

» Head Spark Plugs, ater Hose, Water

pay the bond interelbt

9 9 _ _ _ \ New Glanlew, l`redericlen._

_ `Iqf,‘gke' ~ lSc,hebler » Carburetors *di '

ei we

__ '_ _ seiilnn. r_=n¢1.es_,_-se_r=w- out-'¢r., CEDARS V

'» ;B_,,,,,_;,,,,s;.».f_n..g, sau-_ snifsimssnne . l ' Manufacturing 3 Power Company

'~ _d‘~-Fi¢=i1.1s»..I=v>i=¥P¢.==\ .Fiifi“s'»G°=° V '- a ' P' , °. _ _ ;;e1in_s_ Copper Bo? nuke ‘

. _ . 1 ' A E B ‘ *l

*_ ,A -¢.Gln.a |».?.NDS »-

_ _ The Qomgmy hslsm cdntracts for 1ao,ooo H. P the net r'e- 1,¢`mp5 .venue fromw W1 ,Wil _ °f°

_ __ . (Snbs.riplionListopensAprilzeih.19:3) . ~ _ Weownandolfcr ‘ __ "

s1.soo,ms1 p- ¢. rnpeunl uebeinre. emi

_ (lelnj the unsold porlion of an isene of $2,100,000.) 7-. V __

" . ' of the ' "

Nova Scotia Steel and Coal _‘ Company, Limited ‘

_(Incorporated nude' Speelsl Asia of the Province of lleva Scotia, Canada)

This Debenture Stock"is secured by Mortgage and is issued in denomi~

nations of Moo. or multiples thereof. Redeeiunble at io5 and accrued interest at any iimenfter Isl july, 1919, upon six months’ notice (tran`s~ ferable at The Eastern Trust Company. Montreal andlialifax, or at Tor- onto General Trusts Corporation, Toronto.)

Interest payable by cheque half yearly, Janusz y ist and July Isl, at

par at any Brunch of the Bank of Neva Scotia or Royal Bank of Canada.

, Applications will he received by »

l'.B. llclfllrdy O. Co., dlnlifax. lloniren|,Olfavva, Sherbrooke. linjsien, $i.Jelm. Chnrlofiefown, Sydney end Sf .lohn‘s,Nfld., The Bankers Bond Company, limited. and also by any of the Branches or Agencies of The Eastern Trust Company, D\ank of ova Snails and the loyal Bank of Canada.

0 At the Price ol 98 and Accrued Interest

Applicants are given the option of payment by either of the plans

nieuiioned below, or the whole amount may be paid in full at any time at

the issue price and accrued interest, when permanent engraved certific- ates will bc issued.

Plan A.

25 p. c. on application

_'I3 p. e. on allotment '

é; D. C.

Plm B,

25 p. c. on application 25 p. c. on June Isl. I9l3. - 25 9. c. on July Isl. ISU. 25 p~ c. on Aug. Isl. ISIS.

98 p. c. ,_

~ Interim Receipts for payments on account of Debenture Stock will be

issued, bearing interest st 6 p n per annum from dates of payment- In- terest on Dehenture Stock will be lpayabfe from January Ist. 19:3, and in- teres.thzr o‘ --nd-on instalments willbe adjusted when all payments have

been completed.

Legal opinion of Mr. I-Iestor Mclunes, K. C., of Halifax, will be inr-

nlshed 'upon request.

IMPORTANT FEATURES OF THE ISSUE (As furnished by the President and ills General Manager of the Company.)

(x) A conservative valuation of

the Com'_Jsny’s morgagcd ,assets is $2o,ooo,ooo.

(2) This issue of Debenture

Stock ranks equally with $r,ooo,o:»o now outstanding, and is secured by a mortgage to The Eastern Trust Company, on the Compsny's assets subject only to an issue of 5 p. c. Bonds limited to $6_ooo,ooo.

(3) Afier making provision for

the Bonds issued, there remain ss~ sets to the value of $r4,coo,ooo, equal to nearly five times the De- benlure Stock issued? 'fi

(4) The Debcniure Siock is a

senior security to $i,o3o,ooo Pre- ferred Stock (which receives 8 p.c. dividends) and $6,ooo,ooo common stock (which receives 6 p. c. divi- dcnds.)

Messrs. F. B, McCurdy & Co.,

Halifax, N. 3., ami

Toronto, Ont.

Dear Sirs:

what larger than 1912. `

Underthese circumstances, I have po doubt whatever

the present year will show a considerab e increase over any

_history of the Company.

partof

Bankers Bond Co., Ltd ,

With reference to the $z,ooo,ooo of six pet cent' Debcnture Stock

recently issued by the Nova Scotia Steel and Coal Company, Limited,I < beg to point out tnat the some is secured by a mortgage upon all of the lands, iron ore and coal deposits, coliieries, buildings, melting furn- aces, mills, sud all other fixtures. plant, machinery, rolling sto k.etc. ofthe Company. and ranks perl penn with the $i,ooo,oco of bent- ure Stock previously issued and immediately after the first mortgage bonds of _the Company which are limited to $6,ooo,oco. , ~ _ '~

The 'assets and property of the Company covered by this mortgage

stand on our books at $r5,67o_6x3. 58, but the conservative estl-~ mate oi the value of these assets sod property exceeds $2o,ooo,ooo _

The average annual earnings of the Nova Scotia Steel and Coal

Comyauy, Limited. _ for the three years ended December 31st, 1912, have been $r,o53,5oo' -*

The amount required for interest and sinking fund' charges on the

First Mortgage Bond of this Company is $33o,ooo per year, leaving the sum $723,500. with which to meet_the interest of $i8o,ooo on $_;.ooo,ooo, of Debenture Stock, or four times the amount required. '

In this connection, Iwish to point out that during the year 19|!

and |912 the Company expended sums aggregating upwards of _$2,3oo.ooo. on build nge, plant. equipment, etc., and that much of this expenditure in only now ,becoming productive. A

TRADE CONDITIONS

For the year |913 we have sold a considerably increased quantity

~ of ore atbctter prices than prevailed last year. the dumping of Am- ! crlcnn Iron and Steel products which existed in l9l2, has (owing to

improved conditions in the United States) practically or entirely cens- ed, and the prices ofonr iron and steel products have therefore ially increased. We have ‘orders for the whole of our out~put

and steel for the first half of the- year |913 at improved prices. estimate that the out-put of our colleries for the year lgl3 Will

(5) In addition to alarge and

modern manufacturing industry, including blast furnaces. open hearth steel plant. steel rolling mills, coke ovens, etc , etc., the Company owns 83 I 2 square miles of iron ore areas at Conceprion Bay, Newfoundland, (containing sc- corrling to the report of eminent mining engineers Zoo ooo ooo tons of proven ore and over r,2oo,oo.».- o o tons of ore reasonably suppos- ed to exist,) and coal areas at Cape Breton estimaicdio contain over 2, 5oo,ooo.0oo tons of coal.

(6) The average .earnings of the Company for the last lhrce~

years (after providing interest and '

sinking fund _ on the Bonds) amounted to $723,500 per annum, equal to over four times the in-'_ terest on Debenture -Stock, in- ' cluding this issue- -\ .

LETTER OF Till] PRESIDENT `7\

Regarding this Issue..

Mr. Robelt E. Harris, K. C , President of the Company, has'

i written the following letter to Messrs. F, B. McCurdy & Co., and the:

Bankers Bond Company. Limitcdz- \ ll

NOVA SCOTIA STEEL AND COAL CO.. LTD. ' ,

Halifax,N. S, March 6th. I9I3 _-

» _

. _ _I _

For CO.