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We emphasize' the following salient points of this fssue : IN Pann Pas dS 1--The bonds are a first charge' upon the whole tines, : works and plant of the Company, other than real estate. The real estate is unencumbered. 2--~Value of plant account (not including real estate) $20,531,327.39, or more than three times the amount of ~ outstanding bonds. Si 3--Barnings last six years averaged approximately 414 times total interest charges. 4.-- Issue of bonds is limited to 75% of the outstanding capital stock, ) 5.-- Company owns and operates the principal Telephone system in the Provinces of Quebec and Ontario, - 8~--Capital stock outstanding $15,000,000. Dividends at the rate of 8 per cent. per annum have been paid continuously since January 1, 1886. SPECIAL CIRCULAR ON REQUEST : RM WHI MoNTREAL POYAL SECORITIE TE . HM ENGLAND MARAGER, UESEC HALIFAX, CORPORATION PES EE BANK OF MONTREAL BLDG.COR.QUEENE YONGE S*TOROND oTrTAWA GOOD RECIPES FROM ITALY. Vegetable Chowder. ~ One-half quart of stock, two slices of lean ork or a ham bone, two tomatoes, . fresh or one canned, one cup rice, two tablespoons of dried beans, one tablespoon of peas, fresh or canned, two onions. Pub into the stock the slices of pork, out into small pieces, "or, if desired, a ham bone may be substituted for the pork. Add the tomatoes, cut into small pieces; al- 80, the onions, in small pieces, and the rice. Boil all together until the rice is oooked. Then add the beans and the peas and cook a little lon- ger. The soup is ready when it is thick, If desired this chi V be made with fish broth instead of the #tock, and with the addition of shrimps which have been taken from their shells. The dish can be served hot or cold. ia mi with Tomato Bouse. -- "Two quarts of water, chowder can! wise the macaroni will stick to the bottom. Prepare the sance as fol- lows: Take a good slice of ham fat and chop very fine with it a piece of onion, a piece of celery and some parsley. Then put this info a fry- ing pan and cook. until the grease is 'colored. (If desired, add a small lump of butter). When well color- ed add two tablespoons of tomato paste dissolved in a little hot water. Boil &ll together for 15 minutes. Drain the macaroni and put it into the frying pan with the sauce, mix well with fork and spoon over the fire, so that the macaroni will he thoroughly seasoned, then add three tablespoons of grated Parme- san cheese, mix again and serve. If no tomato paste is available make the tomato sauce as follows: Chop up fine one-quarter of an onion, a piece of celery the length of a fin- ger, two or three b ' small bunch 'of aed), salt and pe ned, salt L all 'on together to: lespoons of good olive en 'occasionally, and wh Ee Es pan one pound of beef and o nih of lard, some parsley; ve and a very cooking put into another saucepan three tablespoons of best vinegar, two tablespoons of fish broth, and |i one-half bay leaf; add a little flour | seonri to give body to the sauce, stir well, then remove the bay leaf and take the saucepan off the fire; arrange: the platter with pieces of fried bread in a layer on the bottom,' then the codfish and then the sauce] poured over it. Rice with Butter and Cheese, -- Take one-half cup of rice. Boil in| salted~ water. After 20 minutes of boiling take off the fire and drain. Then put the rice back into a saucepan with three tablespoons 6 grabed cheese (Parmesan) and three} tablespoons of butter. Mix well and serve as an entree or arou & plate of meat. Kor leaves and a} lice if 1 0 lence men. He was annoyed |; by one student who kept up a con- stant 'tapping 'with his pencil; The expe professor waited till' he found that the noise was intentional, and then and said in' his own ini- ay, 'I think there is a on head." ; * Tn view of the fact that an addi |? tional issue of Bell Telephone bonds is about to be offered to the public, ourities the whole lines, works and plant of 0 ny other than real estate. The estate in unencumbered: lus of the plant account (not uding real estate) is $20,531,397, re than three' times the out- standing bonds. . As regards the urity from the, income point of following table speaks f basis of the average re: last six years the ne tapping his pencil on his $roubie. resting. to note that these would 'a first charge upon} Bu 931,879 | and