Document mmNvNdawNopDVgG84VVDJV0EB

THE WINNIPEG TELEGRAM - June 5, 1911 \ erlption List Mill Open on Wedneeday, June 21st, and Close on or Defers 1 P.M. Saturday, June 24th. NOBTREAL-LONDOH SECURITIES CORPORATION, LIMITED end . j o h h s t o n , Mc Co n n e l l & a l l is o w Offer for Subscription $500,000 7 per cent, emulative Preferred Stock, with 20 per cent* Bonus of Conaon Stock of THE SHERRIS-WILLIAMS COMPART OF CANADA United (Incorporated under the Lees of the Doninion of Canada.) Of the $5,000,000 of Preferred Stock issued. The Hhcreln-Williaas Company of American end the Directors of the Now Company have taken $1,500,000 for , lnvestaent, end of the balance, $1,200,000 ha a been ttikan fire by Cenedlen investora, leaving only $500,000 available for the present offering. CAPITALIZATION Authorised To be issued Preferred 8tock, 7 per cent, cumulative.............. $4,000,000 $5,000,000 Common Stock......................................................... ...$4,000,000 $4,000,000 BOND ISSOK SO years 6 per cant, consolidated first acreage sinking gund gold bonds, 4,000,000 $2,450,000 BOARD OF DIRECTORS WALTER H. COTTINGHAM, President! President Tho Sharwin-Willians Company of Anarica, President Detroit White Lead Works, Ltd., Detroit, Director Cleveland Truata Co. C. C. BALLANTIRE, Flea-President and Menacing Director! Hunter Harbor Harbor Conalssion, Montreal. WM. McMASTER, Director Canadian Bank of Commerce. W. J. WHITE, X.C., Director Mexican Northern Power Co., United J. V. McConnell, Tice-President Montreal Street Railway, United. JAMES V. GARSON, Managing Director Low!e Berger $ Sooa, United, London, Ehg. Transfer Agents, Royal Trust Company, Regietrare, lnvestaent Trust Coapany, Llnited Bankers, Bank of Montreal Solicitor#, White & Buchanan HEAD OFPICS AMD FACTORIES, MONTREAL BRITISH OFFICE AMD FACTORIES, LONDON, ENGLAND. Breach Offices, Factories and Warehouses! Toronto, Winnipeg, Vancouver, Oxide Mines, St. Halo,.Quo. Foreign Branches! Sydney, Australia! Wellington, New Zealand! Paris, France! Bombay, Indie, 0007-SWP-047788 099IZM / The Montraal-London Securities Corporation and Johnston, McConnell and llliaon will receive aubacriptiona for |500,000 or 5,000' shares of the par value of |100 each, of the 7 per cent. Cumulative, Preferred Stock, at|05 per abare, carrying vitb it a bonue of Common Stock equal to 20 per east, of the par value of the' Preferred allotted. Psysent* arc to be Bade in the following inatelaeotaj 20 per oant. on application, 25 per oent. ou allotment, 25 per cent, on July let, 1011, 25 per cent, on July 15th, 1111. total, 05 per cant. the right ia reaerved to allot only aucb aubacriptiona, end for each euounte, aa nay be approved, and to eloae the eubacription books without notloe. . Dividends on the Cuwlative Preferred Block accrue frou June 15th, 1911. Dividends will be payable quarterly. Application will be made laaedlately for the llatlng of the securi ties of the oonpeny on the Mcotraal and Toronto Stoek Exchange PROPEKTIES The following Information ha* bean supplied ty Meaera. Valter H. Cottinghas and C. C. Ballantynai the Shsrain-Villisms 0o of Canada, Limited, has bean forned to take over the Canadian business of the Bhornin-Willlaas Co. of Aaerlcaj the Levis Berger & Sane, Idnited, of London, England, shicb, ainoe 1005, baa been aaaoeieted with the Sharein-fillieuc Co. of Anarlean, and eaa founded over ISO years ago) and baa acquired control of the Canada Paint Co. of Montreal. . The Sherwia-VilHass o ere the largest Manufacturers of paints and vanishes in Canada. Their plant covers about Pour acres In the City of Montreal and le the net aodem and complete of its kind in the woild, having bean build ia 1005. It oonpriaae paint works, varnish vorka, linseed oil sill, tin can factory and box worka, all connected and opera ted by one central poser plant, insuring economy end effieieaty in operating. ..The eospany ha* its offices and nodera warehouses ia Winnipeg, end operates branch houses in Toronto and Vancouver. The business was established 2* xCo..years ago by Mr. Walter B. Cottinghan, now President of the Sbcrvln- Willises of Aaerioa. *1 She Canada Paint Cospeny, Lleited, organised 18 years ago, le e conso lidation of three of the largest paint Manufacturing concerns in Canada, outside of the Shervin-Wlllleee Cospeny. Its total output today ia practi cally aa large aa that of tha above cospeny. The Canada Paint Company, Llslted, operates it own paint end color works at Montreal; vanish works at Toronto, and a paint factory and linaaad oil sill at Winnipeg. It also oni and operates ita own Oxide and Craphite sines, the products of which ere extensively used in tha nauifactura of paintl The brands of these two eospaniwe ere asong the beat and sost favora bly known In Canada. Lewie Berger 5 Sons, United, la one of the oldaa and best known paint, varnish and color Manufacturers in Orest Britain. Pounded over 150 years ago. It baa grown from aaall beginnings till today it stands one of the leading concerns of Its kind in the British Empire. The pidat ia altuatad upon four seres of land la the City of London. Besides the large buttineas arrlad on in London and Trhoughtnt Crest Britain, this company's export business has grown to largo proportions and maintain ita own officea and warehouses at Sydney, Australis| 'Wellington, lew Zeeland; Bowbay, India, -end Paris, franca. *, * yyy isi 00D7-SWP-047789 0007-SWP-000115684 * 0 1U1UOEU0T Die present eanegaaent will be continued, and the Canadian coapany, under an agreement with the American coapany, will here the benefit of the large research end developaent work aouatantly being done by the letter, Mr. Valter M. Cottinghen, founder of the Canadian business of the Sherwla-VilUaae Co., ^bieruen of Lewie Berger It Sons, Liaited, end President of the Sherein-fllliaas Co. of Aaerloa, will be President of the flew Cowpeny. Mr. C. C. Ballentyne, who has been Oeneral Manager for Canada of the Sberwin-Villlaas Co., end ebo has been associated with Mr. Cottinghaa for nearly twenty years, will be Vice-President and Managing ** , Director of the Company. The pneant aenegeaent of the Canada Paint Co. and Lewis Berger & Sons, Liaited, will be continued. . Mr. Jeaee I. Carson, Managing Director of Lewie Berger & Sons, Liaited, vv: Mo will be one of the directors of the new coapany, has been connected with the Berger organisation for twenty years* 0BJZCT3 OP CONSQLZDATZOM ASSETS AVD EARKXMCS It is confidently expected that large Die books and account os the Sherwln- eooncaiee will bo effected by utilising the Villiaos Co. (Canadian Branch) and the Canada nenufaeturing facilities of each coapany for Paint Co., Ltd. haws been examined by Messrs. the benefit of tba eoaaon interest. Sosa of Price, Waterhouse & Co., Chartered Accountants, the products, it hea been found, can be uora end the Reel Estate, Buildings end Equipment cosoaieally aenufectured la one plant than hews been appraised by the Canediien American in others, bar reason of conditions being sore Appraisal Coapany, Ltd. The books end accounts ftVcreble. It has also been found that by of Lewis Berger & Sons, Ltd. have been audited handling the entire output of soae ertiolee in London by Messrs. Craig, Gardener 4 Barrie, in one plant lnetaed of throe, a considerable Chartered Accountants, Mid the Reel Estate, sewing can be eoooapliahad, by reason of the Leeaoholde .end Plant have bean valued by Messrs larger output being handled in one plant. Fuller, Mosey Sons A Cassell, London. The new coopsny will be operated in a nanaer On the bals of the reports and valuations ' to take edwentege of the opportunity for sew antioned the net assets amount ings and lnereeaed efficiency of this kind. to................................................. 15,685,012.61 to which eust be added the The Bherwin-tllllaaa Co. of Aaericar profits to date of the coabined ere aasufabAftrere in a large way of also ox companies ea estimated by Mr. ide and white lead, their pleats being anoag C. C. Ballentyne, Managing Di the uoet efficient for this purpose. Tba new rector, mounting to.,.......... coapany will bare the edwentege of their pleas 570,000.00 and asgtsrlsncs. or, a total....................... $4,005,012.61 i In the above no allowance hea bean It, will ha the object of the new coapany aade for formulae, trade nark, to produce end control practically all of its patents, rights, good sill of the important raw natorlale. Including Dry Ihlte oonpenlee, whloh are valued et... $5,000,000.00 laid, thus guaranteeing lowest cost with high The coabined earnings for the year est quality. 1910, ea certified by the sene MARKET accountants, after allowing for depreciateion, enounted to...... 547,807.75 Paints, Tarnishes end colors are euong the aoet staple articles being used in none font or other by railroads, ateenahlpe end aaaufaoturars, builders, property osners end householders, and are used in sons form la a Interest on bonds issued........$147,000 Dividend on 7 per cent.Preferred Stock....................... 210,000 every house, end in ell buildings, publlo or Total Chargee..'........ ................. .. 557,000.00 private. - Surplus,yqual to 4.50 por oent. of 0007-SWP-047790 the total Coenon stock......* $ 1B0,607.7E 0007-SWP-000115685 Mr. 0. C. Ballantyna, Managing Director, estlnates that the coablned profit* for 1911 will ba (550,000 and for 1912, (600,000 or ower. Although tha subscription list will olosa n or before Saturday, Jane 24th, arrangansnts have been nade to allow four days for subscrip tion fro* Mestern Canada and Marltiie frorinces. As far as possible all applications Tor 25 shares and under will be allotted in full. Applicates nay be nade on the fora aocoapanying the prospectus end forwarded tot OSTRUIr-LOHDOl SEC0RZTIS8 COHFOIUTIOM, LIMITED Soyal Insuranoa building, Montreal or to j o h ms t o h j Mc Co n n e l l a a l l is o m Bank of Ottawa Building,Montreal t i \ OOCn-SWP-047791 V.. 0007-SWP-000115686