National Post from Toronto, Ontario, Canada • 3

January, 17, 1914. THE FINANCIAL POST OF CANADA ing one K.W.H. are connected throueh THE CANADIAN TRURO'S ELECTRIC UNDER REVIEW OF COMMERCE I UTILITY COMMISSIONER CRITI CIZES CHARACTER OF CAPITALIZATION. separate meters the customer shall be entitled to receive electricity therefor at the following prices there, "At 12 per K.W.H. where the current consumed for the month does not exceed 50 K.W.H.

"At 9 cents per K.W.H. for electricity in excess of 50 K.W.H. and up to 100 K.W.II. in any month. "At 8 cents per K.W.H.

for electricity in excess of 100 K.W.II. and up to 200 K.WJI. in any month. HEAD OFFICE TORONTO EST ABLISHED 1 a 7 Orders Reduction of Rates Culmination of a Bitter Controversy An "Iconoclastic' Utility Commission A Cor PAID-UP CAPITAL, $15,000,000 REST, $13,500,000 respondent 's View. Tho Canadian Agoncy Limited PHncmm Strmmt (Bank) LONDON, ENGLAND GOVERNMENT, MUNICIPAL and CORPORATION BONOS and DEBENTURES Bought and Sold Issues made in London (Special Correspondence.) HALIFAX.

N.S.. Jan. 16. The Cham SIR EDMUND WALKER. C.V.O..

LL.D.. D.C.L.. AIDER LAIRD. C.H,dM.M,M JOHN AIRD. AM.

G.o.r.I "At 7y2 cents per K.W.H. or electricity in excess of 200 K.W.H. and up to 500 K.W.H. in any month: bers Electric Light and Power Company, whose plant is in Truro, one of the "At 7 cents per K.W.H. for in excess of 500 K.W.H.

in any flourishing towns of the province, has reason to feel that the public utilities commissioners of this Nova Scotia is a uionxn." CANADIAN BIOSCOPE. factor that not only has to be reckoned with, but is more or less to be dreaded. A Halifax Enterprise in Moving Picture! Some time ag9 the company came to the Films. board and asked for an amended schedule of rates which would be considerably HALIFAX, Jan. 14.

The Canadian I Bioscope Company, Limited, has been in bbssbbbbsbbbbbbbimb BRANCHES IN EVERY PROVINCE OF CANADA AND IN THE UNITED STATES, NEWFOUNDLAND, ENGLAND AND MEXICO. LONDON (ENGLAND) OFFICE. Lombard Strt. E.C. H.

V. F. JONES. Muaftr NEW YORK AGENCY. 16 Excfcanc Pines W.

Cray mad H. P. ScfcU. Aimli ST. JOHN'S.

NEWFOUNDLAND. S. H. LOGAN. MEXICO CITY BRANCH A vaaidn.

San Fr.ncie.o. No. 60. J. P.

BELL. Manag.r This Bank transacts every description of Banking Business, including the issue of Travellers' Cheques, Letters of Credit and Drafts on Foreign Countries, and will negotiate or receive for collection bills on any place where there is a bank or banker. Bmnkmrmi Bank of Montreal Parr's Bank. Limited Messrs. Blyn.

Mills. Carrie Co. higher. Instead of eettinjr the advance operation in Halifax for about a year. Their business is to manufacture moving picture films, and for this purpose they have erected a wood and glass studio in requested, the company is handed out a new schedule, not of higher rates but of lower, and besides the service given is ordered to be made more efficient.

nii I mis city. ne company has a capital of The Public Utility- Commission has taken hold of the company's statements wmcn is probably pretty well all taken up, and they are now making a I and looked into its capital and analyzed both in a drastic manner. They are told runner issue. The company in its prospectus proposed to run Slimmer on fan. Practical Assistance just where their plant should be im tainments on its grounds surrounding the studio, but this part of their enter proved, where they think the manage ment is lacking, how economies might be effected and finally the Board winds up prise is still untried.

They have made some smaller pictures, but the big thing by propounding a schedule that is materially lower than the one the company THE DttJIOtJ BANK asked to have increased. Here is the way the Board goes at the company's nas Deen tne manutacture of a great fea-! ture film in five reels illustrating Longfellow's story of "Evangeline." This film is said to have cost $30,000, and to be a very good one. Great pains were capitalization: 8IR EDMUND B. 08LCR. M.P.

PrMident W.D.MATTHEW VlM-Preaident The authorized capital of the com lauen io mate the Evangeline film at pany at first $50,000. was subseauentlv tractive and realistic. Captain Herbert H. B. Holland, a Quebec man, is the manager and nmmntor C.

A. BOGERT, General Manager Collections, All Over the World increased to and in 1904 to $100,000, at which it now stands. This has been issued as fully paid shares, of which 98 per cent, is in the hands of the xso income has yet been earned hv thi Vw m- Jm mm. 'wul uubiucts is cononea 10 canaaa or yon snip company, and it is to be hoped that its efforts will prove financially as well as Would you buy a house without the advice of a practical builder? Should you buy stocks or bonds without first profiting by the knowledge of some house whose, whole business is the study of stock and bond investment We should be pleased to advise with.you. F.

D. Deacon Co. Member Toronto 8tock Exchange INVESTMENTS 97 Bay Street Toronto Canada president and general manager. Part of this was subscribed and paid for at par, some as dividends, and other shares were Thft Pnennn A- Ji v. ajvuuuu.

iiiianu. in immediate toucn wttn artistically successful. There is certainly money in the manufacture of purchased at from 50 to 100 cents on the dollar. It will be the Board con moving picture films when the management is good and with an ndpnnnt f.nT,5flir!uB,il,nk, has branches In all sections of Canada. tit Wholesalers and Shippers are requested to write the Head Office for a complete list of Branches and correspondents.

tinues, "that it was practically a one supply of capital. Halifax hopes for the best from this company the people have iSs lia man concern, that of S. Q. Chambers, the president and general manager. A bond issue of $25,000 was also made, and suDscribed tor the stock quite generally in small amounts, and there is said to he a good chance for success, providing the A at the present time $13,000 of that amount is still outstanding.

The reduc management is efficient. tion in bonded debt has been made out of The Bank of Ottawa ESTABUSHED 1874' HEAD OFFICE, OTTAWA, CANADA VENEZUELAN ORE. an' amount annually of late charsred to Committee of Bondholders Elected to 10 amortization. It appears impossible to say how the share? amounting to this capitalization were disposed of. or what Investigate.

bit: Bondholders of the Canadian Vene proportion chargeable to capital account. zuelan Ore at a meeting in Montreal on January .13, appointed a committee to look into the fin- A considerable amount was in the nature of stock dividends. One thing is clear, that after the first 'issue of $37,600, no more stock was sold for money, and even Travellers and Commercial Letters of Credit Negotiable throughout the world represent a safe and most convenient method of carrying funds when travelling abroad. A Guide to Safe and Profitablo Investment anciai position ot the company and report back to a further meeting of proceeds of the bond issues were applied to pay dividends." bondholders, to be held next Tuesday. Some forty bondholders attended the meeting to hear the report Of lh nrpsi- The company's plant is then totalled I to be worth, according to the utility board's expert valuation.

$49,600. The dent, Mr. Frank P. Jones, but only about a fourth of the value of the bonds magnitude of the item of the general were represented. For that and other manager 's salary is criticized and the reasons it was considered advisable to adjourn for a week, after naming a com company is told that if hierh salaries are We have prepared a booklet which is now ready for delivery, givlnf full particulars of high-grade Municipal, Public Utility and Corporation Bonds yielding 5 to 7 p.

i The Information given is complete and will be of valuable service to all investors. We will be pleased to furnish same on request. Send or caU for one to-day. mittee. The suggestions to be made as paid, efficient results are to be expected, and these, the board infers, are not in to the future of the company by this evidence, as regards coal consumption or quality of light and power current sup committee will iurnish next week's meeting with something definite to work on.

The committee appointed by the bond plied. The extremes of voltage in the current are specially mentioned. Finally this iconoclastic hoard of THE BANK OF BRITISH NORTH AMERICA Established 1886. Incorporated by Royal Charter la 1840. Paid-up-Capital, $4,866,666.66 Rotorvo Fund.

S2.920.CS0.C3 Hsas Offlos 6 SRACECHURCH STREET. LONION. HBAD ornci IN CANADA St. James Street. MONTBBAU H.

B. MACKENZIE General Manager. This Bank has Branches in all the principal cities of Canada, including; Dawson City (Y.T.), and Agencies at New York and San Francisco in the United States. Agents and Correspondents in every part of the world. Agents for the Colonial Bank, Weit Indies.

Drafts, Money Orders, Circular Letters of Credit and Travellers' Cheques issued, negotiable in all parts of the world. SAVINGS DEPARTMENT AT ALL BRANCHES public utilities tells the company that its rates cannot be increased, but rather are to be reduced. All this is highly in Eastorn Securities holders is composed of Senator N. Curry, W. Harty, jun.

(Kingston), J. Strachan Johnston, K.C. (Toronto), Percival Mol-son and A. Dunton. President Jones explained that the situation which made it necessary to call teresting to the people of Truro as well Limited INVESTMENT BANKERS as to the company, for a bitter controversy has rased between them for the 157 St James Street, 92 Prince William St Montreal, P.Q.

St John. N.B. a meeting of bondholders was brought about by a deterioration in the' quality of the ore mined, combined with a drop past two or three years. The following is the schedule announced by the board and it will be seen how high power charges are when steam for generation the market price of ore. The situation was discussed for about three-quarters of an hour by the bondholders, the feeling of the majority apparently being that the company should is depended upon, even in a coal producing country like Nova Scotia, compared with the cost of hydro-electric energy: -v "Any customer shall be entitled to ROLPH AND CLARK receive electricity for any use at the LIMITED following prices continue operations and not go into liquidation.

The decision to be made in that respect, will depend largely on the report to be made by the committee within the next week. The company has sixty days in which to pay the bond coupons due at the beginning of this week. At 15 cents per K.W.H. for the first 5 K.W.I1. consumed any month.

LITHOGRAPHERS, ENGRAVERS, EMBOSSERS, PRINTERS, PAPER DEALERS "At 12 cents per K.W.H. for elec REAL ESfATE INVESTMENTS and BUSINESS SITES tricity in excess of 15 K.W.H. and up to 50 K.W.H. in any month. "At 9 cents per K.W.II.

for electri BONDS-STOCK CERTIFICATES CHEQUES BANK FORMS-LETTER PAPER CALENDARS. ETC. NATIONAL SAFETY PAPER JASPER PARE COLLIERIES. Gets Lease to Operate in Dominion's city in excess of 50 K.W.H. and up to 100 per K.W.K.

in any month. COR. SIMCOE AND PEARL STREETS TORONTO "At 8 cents per K.W.H. for electri Park. An Order jn Council has been recently passed authorizing the Jasper Park Collieries Co.

to take coal from some 365 city in excess of 150 K.W.H. "All motors and heating appliances of an aggregate rating not exceeding one K.W.H. shall be entitled to receive current through the same meter and at the same price as for lighting. When the aggregate rating for such appliances Tlio Canadian Appraisal Limitocl Scientific appraisals for insurance, financial and other purposes: CORRESPONDENCE SOLICITED HcKisssa Dnildiag, TORONTO 4 Hospital St, MONTREAL acres in Jasper Park for a period of 21 years. The company is to pay the nominal rental of $365 per annum during life of the lease, and is hound not to destroy timber, and is under the supervision of the park superintendent as regards any improvements that it may see fit to make which may involve a defacement of the natural beauty of the park.

FEDERAL SECURITIES CORPORATION; LTD Traders Bank Toronto exceeds one K.W.H. they may be supplied through a separate meter. "Where motors and heating, appli ances of an aggregate rating not exceed-.