-- 1n ' E DAILY BRITISH WHIG. 7 " Herrings Is an Important Feature Of the Fishing Industry . HEN the ¢ool' winds of] 1 autumn chill the air, the | \ herring, the real British Ee fish, journeys south to emer waters, and lays its eggs | Br the coast. The herring forms, 3 bhief fisheries of the United pt, and it™s estimated 'hat $00,000,000 herrings are landed in | ftain during the season. ds of fishing craft safl out n porthern and southern porta to : harvest amongst the shoals | travel down the east coasts : nd and England. What & stare of craft there often is fol- nie! the shoals on their journey, : most of them to the dif- b the stean-trawlers, and only by 1: up their catches can the it keep up Ath the shoals. In oh seas the Granshipping of the "4s no easy tok, and Bot a ley ly accidents happen. The wor! e often carr out at night he aid of artifdal lights, so it aboard. e small rowing-boat, low in owing to the cargo pied ips, the men leave the amack's bh At every pull of the oars, the jak rises, then sinks in trough , sea with a resoundilg crack, kf that of a pistol-shot. The ng arms are needed to! preven @ open boat from being battered against the steel Plates of wier's side. With wonderful oné of the fishermen stands rocking craft, waiting his to throw the cases aboard at 1 instant. It takes a keen a quick hand to throw the oases, when beth boats are fg and falling alternately, rock- vh fashion. i ¥armouth and Grimsby at this of year, many visitors North. To listen to laughter and chatter as nd their way from the sta- stranger would imagine that y pleasuré-trippers. Ere long £ nger would discover his mis- he sound of clogs ring upon i" ; DO mere ho Dave {allowed he ¢ menfolk down by train to help fhe harvest. With their broad A accent and colored shawl they are personalities to be z the is eventually ight into port, the women busy pselves at the cleaning troughs, lg dressed for their task in oll and clogs. These indus- ,. paver idle, as, r work, Duby hare -needles - the harbors round. the creak of the block is as the sail moves up the the setting sun strikes upon canvas, turning them into . The smacks ut of the harbor under the evening breeze. As .the mists begin to lift, they 'Once alongside the quay, the der- -. soon &t work hoisting the » i § shed g Ee et me ee ; -- -- 1 jh A KINGSTON ENTERPRISE i R KINGSTON PEOPLE Employing Kingston Money And Paying Dividends To Kingston Shareholders Why it will pay You to invest in Allen's Kingston Theatre This Theatre is the handsomest Moving Picture house in Kingston. It will have the finest screen attractions from British and American producers. Consequently. an excellent patronage is assured. Go to the Theatre. Look it over for yourself. Study the audience that patronizes it; see the kind of show that is put on; listen to the wonderful orchestra; and compare the quality and appearance of the house and the show" with other Moving Picture houses. If you do this, you cannot fail to be impressed with the Wonderful Earning Powers of the Enterprise. =" Then considerihis. The seating capacity of the Thea- tre is 1,230 people. If only 200 people patronized each performance the income should be sufficient to pay run- ning expenses. If an average of 275 people patronized each perform- ance, that should be sufficient to pay fixed charges and earn 8% Preferred Dividends. : So you sce, that with each full house, there is a margin of about 900 people to draw from, to pay divid> .ends on the Common Stock, which is now given to each Preferred Shareholder as a bonus. Allen Theatre enterprises now in operation are earn- ing about 12% per annum on their Common Stock; and there is no reason why Allen's Kingston Theatre should not do the same. ih : - - Remember this, you are not investing in a Company doing business thousands or even hundred miles away. You are right on the ground with your investment. You can see for yourself what a magnificent property the Thea- tre is, and judge of its earning power. Read the Official Prospectus carefully and then if you have a few hundred or a few thousand dollars to invest, .you cannot place it to better advantage than in these 8% a : . Preferred Shares. | Callatour office. or telephone for one of our represen- tatives to come and see you and talk the matter over. BANK OF TORONTO BUILDING | - ONTARIO SECURITIES COMPANY ~~ THURSDAY, DECEMBER 80, 1920. 5 MSRM ARR A ---------------- SA RA? KINGSTON THEATRE LIMITED 8% CUMULATIVE PREFERRED STOCK : CAPITALIZATION 2,000 shares 8% Cumulative Preferred Stock, $100.00 each $200,000.00 ($175,000 of Preferred Stock to be now issued) 4,000 shares of Common Stock, $100.00 each .......... «vos - $400,000.00 (Issued) i. SOLICITORS Ludwig & Ballantyne. TRANSFER AGENTS Union Trust Co. ALLEN'S BANKERS Canadian Bank of Commerce AUDITORS Clarkson, Gordon & Dilworth SECURITY ~The issue of preferred stock amounting to $175,000 is preferred as to both dividends and assets. . It consists of a first charge on the entire Assets of the com- pany, subject to a first mortgage of $50,000. which is taken care of by a sum to be set aside sufficient to pay it'off in approx imately fifteen years. DESCRIPTION OF THEATRE \ . The theatre is fire proof in construction, and compares favorably with any Modern Theatre in Canada. The property, buildings and furnishings cost ap- proximately $225,000. The seating capacity will be about 1,200, arranged on the ground floor. The interior will be most attractive, and contain all modern features of theatre construction. A high class orchestra will be featured to- | gether with a pipe organ. > REVENUE, etc. : Estimated minimum average of $2,200. 00 per week of 52 weeks . . $114,400.00 FIXED CHARGES AND OPERATING EXPENSES Interest on first mortgage, $50,000 at 7% ....dx. cn. $ 3,500.00 Principal of first mortgage oie; 2,500.00 Taxes, Insurance, Licenses 2,300.00 Pavel or or a FR . wa 2080000 Fimservice . ......5oc vi... eee sad ie Ber Pe verti . 18,200.00 Light, heat and incidentals . . eSetateis vans mesa 1,500.00 Annual charges . ... «vives tune wees + $54,800.00 . Gross surplus ; $59,600.00 8% Dividends on $175,000 preferred stock $14,000.00 $45,600.00 e fe"e "eee Tel a dividend of from Net surplus ....... .......s SOI LE Pin EA a Estimated profit $45,600.00 per y ear--sufficient to pay 10 per cent. to 12 per cent. on COMMON Stock. The foregoing estimates were made by Messrs. Allen and are based on actual revenue and operating costs for similar theatres, and, in their opinion are conservatively based. Allen Theatres in operation are earning afinually, besides their preferred dividends sufficient to pay a dividend of approximately 1, per cent. per month or 12 per cent. per annum on the Common Stock. The Theatre will be:under the personal supervision and management of Messrs. Jule and Jay J. Allen. : No director's fee or remuneration is paid to the directors of this Theatre, their entire interest being in the COMM ON Stock of the Company and their abil- ity to place it on a dividend basis. : Probably the greatest assurance as to the proper and efficient management of this proposition is the remarkable success which has attended the Allen Theatre enterprise throughout Canada. The close affiliation of the management of this Company with both British and American Film Corporations assures their ob- taining the best and newest productions for their theatres at all tithes. . Allen Theatres, in operation and nearing completion, have a TOTAL SEATING CAPACITY OF SIXTY-NINE THOUSAND. PRICE - - - - - $100 PERSHARE : ; With a Bonus of 25% Common Stock Fractional Shares of Common Stock will be adjusted on the basis of $60 per share . The statements contained in this circular are not gnarant ced by us but have been supplied by Messrs. Jule and Jay J. Allen, and on which we acted in purchasing these securities and we believe them to be correct. We recom mend this stock as a most desirable and attractive investment. ! KINGSTON "TELEPHONE 2212 ight in the. sky, has been rated - By a report that two men saw a similar light , | over the: Bt Jawrelce, the night pre- . C. M. P. detachments in Lake Temiskaming district have been ordered from Ottawa to make all pos- sible enguifies as to the landing of HEAD OFFICE, KENT BUILDING, TORONTO. i g -y 1 in their' , & every one leaving Hatleybury wil be requestéd to keep a sharp lookout. The total world war 'costs nations wefe about §186,000,000, - | to the Handelsbiad fre - Paris has a theatre exclusively | says --------.e. Put Schools To Military Use Amsterdam, Dee, 29.--A despatch Duesseldorf mittee) of mi- » ! the Inte alarmed because of the spr I Htdfism in German schools, has jesu- ed an order prohibiting the nee of schools for military purposes on pen- ality of arrest and confiscation of the schools. The Council of Ambassadors at a meeting in Paris referred to the al- lied governments the question of dis- Sy + armament of the civic guards in Gér- many, The council asked the Inter-allied Military Commission, of which Mar- shal Foch is the chairman, to submit an immediate report on the present state of execution of the military, na- val and aerial clauses of the treaty. Anyway, a pessimist doesn't bore us half to death with his alleged jokes. A In surmounting a difficulty we sug to see what is on the other side The exasperating man sometimes | makes sneers take the place of wards.