The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

THE HAILEYBURIAN THURSDAY, MAY 8th, 1930 @ege 4 7 HE HAILEYBURIAN Issued every Thursday from the Haileyburian | Office. Broadwav Street, Haileybury i Publishea in the Interests of the Town of, Haileybury and District of Temiskaming | SUBSCRIPTION RATES: In Canada--$2.00 per year in advance In United States--$2.50 per year in advance LEISHMAN & SUTHERLAND, PUBLISHERS j Test Examinations At Separate School Pupils in Third Classes of English Section Make Good Marks at Easter Trials The following is the report of the Easter test examinations in the Third Classes (English sec- tion) of the Haileybury Separate School ; | JUNIOR III Connelly, Lawrence -_-- Marcella, Clarissa Cahill, Dorothy Holland, Bridget --__ Foran, Eleanor Cain, Peter McGinley, Joan Belec, Teresa Doyle, Herbert - Meany, Alva O'Hara, Agatha Briee, Gerald =.= O'Halloran, Agnes _____ Méaney, Alma =______-_ Clemens, Kirkland Ganillaonn see. oot Schulfer, Myrtle 65. Troke, Gordon 52.1 DOlane actin ss: sees 7 SENIOR III Furlone es bales eee oe Whelan, Margaret _____ McCarthy, Kathleen ___ Bruce @pileen seee ts Gutcher, Norman ______ McGinley, Anna Mae __ 83. Police, Eddie 81.2 O'Halloran, Lawrence__ 79.4 Connelly, James _______ 78. Godin, Gilbert ye O'Halloran, Sylvester, absent 90.7% 90.1 87.4 86.4 86.1 85.7 84. 82.3 80.1 76.7 75.6 74.4 74.2 728 71.4 71.4 95.3% 88.5 88.1 86.4 84.1 Celebrate Empire Day On Friday, May 23rd Empire Day will be observed in the public and separate schools of the province on Friday, May 23rd © this year. An illustrated booklet With a suggested program for a celebration of the holiday has al- ready been sent out by the De- partment of Education and con- _tains historical sketches, poems, etc., with an explanation of how the holiday came to be made a permanent one in celebration of the birthday of Queen Victoria. Children's Aid Society Gives Thanks For Benefit Mr. Jer. McCracken, superin- tendent of the Children's Aid So- ciety, wishes to convey through the columns of The Haileyburian, the sincere thanks of the Society to those who planned and car- ried out the entertainment on Monday for the benefit of the Shelter Fund. To Mr. Smith and his orchestra, to the Trail Rangers, who handled the sale of tickets, and to all who attended and helped in any way, the Socie- tv is deeply grateful. Want Ads. Bring Results MRS. JAMES ANDERSON DEAD AT COBALT AFTER FOUR YEARS ILLNESS After a lingering illness of some jfour years' duration, Mrs. James |B. Anderson, of Cobalt, passed away at her home on Jamieson Street, on Tuesday morning. She was 48 years of age and leaves her husband, who is one of the guards at the district jail here, to mourn her loss. The late Mrs. Anderson, who, before her marriage, was Miss Cissie Moss, was born in England and came to Canada in 1912. Af- ter spending two years in Saska- toon, she returned to England and there met and was married to Mr. Anderson, who was over- seas with the C.E.F. After the war they came to Cobalt, where they have lived ever since. The funeral is being held this afternoon at 2 o'clock, with ser- vice in the United Church, con- ducted by Rev. Fred. Smith, and interment in Mount Pleasant Cemetery. FRIEND NOTIFIED OF ALB. CHARTON'S DEATH AT HOME IN KINGSTON sudden death of Albert C. Charlton, for many years a resident of Haileybury, was contained in a letter from his brother to Mr. P. McGinley, received on Tuesday. The fetter which was dated May 4th, stated that Mr. Charlton had died some ten days before. The late Mr. Charlton, who was about 53 years of age, came to Haileybury about 24 years ago and was head of the firm of Charlton & Wilson, hardware merchants. Later he was associ- ated with W. Young in a broker- age business, after which he was connected with the mining in- dustry and had several interests in the North. For several years past he spent the summer in Hail- éybury and the winters at his home in Kingston. His mother and one brother, E. W. Charlton, survive. Sheriff's Sale of Lands District of Temiskaming To Wit: By virtue of a writ of execution issued out of the Fourth Division Court of the District of Temiska- ming to me directed and deliver- ed against the lands and tene- ments of K. Yawney, defendant at the suit of I. Kideckel and L. Kideckel and Kideckel and Sons, Plaintiff, I have seized and taken in execution and will offer for sale by public auction at my office in the Court House, Town of Haileybury on Saturday, the 17th day of May, A.D. 1930, at 11 o'clock in the forenoon, all the right, title, interest and equi- ty of redemption of the said De- fendant in, to, or out of the fol- lowing lands and tenements, namely : ' Lot 40, Plan M.68 Temiska- ming, Third Street, Township of feck, District of Temiskaming. GEORGE CALDBICK, Sheriff of Temiskaming District Sheriff's office, Haileybury, February 3rd, 1930 News of the 3-4¢ New. Water With New Johnso For the Camper or Tourist cee "SEA HORSES" "10" "12" « underwater exhaust. Médels Star Your old Johnson in on any one of For the Prospector or Fisherman the Light Single 14 h.p. aye eee the Light Twin 3 h.p. For a General Purpose Motor____ the new Johnson 4 h.p. For Family Runabouts and Racing Craft we recommend tOcee Sa alle alle ode ail ile atten atten ae a Enjoyment The n Seahorses ee 16" "24" "32" equipped with "16" "24" "32" with Electric ting accepted as trade A ne a the New Models Lake Temiskaming Boat Co. LIMITED Phone 66 F i Exclusive Agents for Johnson Outboard Matched Units to, OLD CROESUS PROPERTY SOLD TO JAMES GRANT The old Croesus Mine, east of Matheson, where one of the rich- est gold discoveries of Northern Ontario was made in years gone by, has figured in the mining news recently, the property being purchased at an auction sale by Jas. Grant, well known mining man. Mr. Grant's bid for the assets of the former company was accepted, 'subject to the rights and titles to the property being proved clear and he is at present investigating the affairs in order , the district. | Smith, and was followed by the Cobalt Citizen Dies | Mr. Munro was born in Strat-\jast Masonic Rites, 'conferred by 'ford, Ont., but left there as a his brethren of Silver Lodge. In- F H A kos man, going first to Powas-'terment was in Mount Pleasant rom eart ttac isan and later to Copper Cliff. Hei Cemetery, Haileybury. 'came to Cobalt about 22 years} jago. He was a member of the; | United Church and was promin- ene in Masonic circles in the sil-|- i lb a ver town and throughout the dis-| Sealed tenders will be receive {trict. Surviving are his widow, | by the undersigned up to and in- Angus Munro, an old timer of!and one daughter, Mrs. Errol. K.;cluding the 19th day of May, for Cobalt, died at his home early on!Neil, of Cobalt. Two brothers,|the remodelling of North Cobalt Saturday morning, May 3rd. He! Finlay ,of Cobalt, and Hugh, of| Public School and for the drain- had been seized with a heart at-| Powassan, and two sisters, Mrs.,ing of the grounds. Plans and tack on Friday evening, which}C. Glenn, North Bay, and Mrs. rig Specings Hon ay ee seen ae proved fagal some hours later.!fmer 5 Graighunsty alsoystirvive. ale osss, oneal peace ton ec He was 68 years of age and al Pheeinersl of Mr. Munro was Street Nor Copa yaaa carpenter by trade, having been}, lany tender not necessarily ac- employed for many. years at the! "ld on Monday afternoon. Ser-' cepted. Late Angus Munro Had Been a TENDERS WANTED Resident of Silver Camp e for Many Years Phyllis A. Watterson, to learn whether he is the real/Mining Corporation, the McKin-'vice was conducted in the Cobalt} owner or not. ley-Darragh and other mines injUnited Church by Rey. Fred. 5-1-c Secretary-Treasurer NEW ISSUE : $2,500,000 thereof. The Trust Deed annually. and provide the Canadian Copper Refiners Limited To be dated May 1st, 1930. 3 Authorized $5,000,000. Winnipeg or New York, or in London, n ! $500, registerable as to principal only, or fully registered Bonds in denominations of $1,000 and authorized multiples Redeemable at the following after at 104 if redeemed on or before until May Ist, 1942, and thereafter Company--Trustee. Legal Investment for Life Insurance Companies under the Insurance Act of Canada. For detailed information we refer to circular containing letter from James Y. Murdoch, K.C., President, which is summarized in part as follows: Canadian Copper Refiners Limited an electrolytic copper refinery, Quebec, have been purchased. plant in May, 1980, and it is expected that the refinery will be reddy for operation by January, 1931. The plant will have a rated capacity of 75,000 tons of refined copper per annum. The plant is being constructed primarily to refine the copper produced at the smelter owned and operated by Noranda Mines, that the Noranda smelter alone will provide the Company with not less than 50,000 tons of copper In addition, Hudson Bay Mining & Smelting Company, Limited, has contracted with the Company for a term of years for the treatment of the output of copper from its Flin Flon properties, estimated to commence at not less than 15;000 tons per annum. ~ : oo For two years ended December 31st, 1929--the first two full years of operation--the earnings of Noranda Mines, Limited, ascertified by Messrs. Clarkson, McDonald, Currie & Company, Chartered Accountants, Montreal, and by Messrs. Clarkson, Accountants, Toronto, were as follows: Depreciation Interest on Year ended Gross and Develop- Bonds (since Taxes Net December,31 Earnings ment Charges redeemed) Earnings LOZ SSC. eee $3,494,177 $1,630,491 $233,430 $270,000 $1,360,256 1929e=: .. oe 6,708,442 1,701,931 204,220 515,118 4,287,173 Annual interest requirements on these Bonds --- $150,000 For the three months ended March 3ist, 1930, gross earnings (before depreciation, development charges and taxes) were in excess of $2,400,000. It is estimated by officials of Noranda Mines, ' 81st, 1930 (before depreciation, development charges and taxes) will be $8,0 based on the present rate of production, copper (14 cents per pound, established April 15th, 1930) wil Since November 30th, 1929, the capacity of the Noranda smelter has been practically doubled. The production-of Noranda Mines, Limited, totalled 33,307,937 pounds of blister copper in 1928, and 51,625,478 pounds in 1929. The output is at present exported for refining. Its indicated ore reserves include 3,426,000 tons direct smelting ore, estimated to average 7.53% copper and $3.29 gold per ton, and 3,000,000 tons concentrating ore, estimated to average 2% copper and $3 gold per ton. Net current assets of Noranda Mines, current_liabilities), as certified by Messrs. Clarkson, McDonald, Currie & Company and by Messrs. Clarkson, Gordon, Dilworth, Guilfoyle & Nash, Chartered Accountants, amounted to $5,204,295. Upon eompletion of proposed construction, itures of not less than $3,000,000. At the net current assets (working capital) of not The Company has allotted and received common shares without nominal or par value. Limited, The British Metal Corporation, Limited, and : common shares at $100 per share,'and these three companies have agreed to provide, through further subscriptions for common shares, any additional funds that may be required to complete the refinery above-mentioned working capital. The First Mortgage Bonds will be a direct obligation of Canadian Copper Refiners Limited and will be secured by specific first mortgage, hhypothee and now owned and hereafter acquired, including real estate, present and future, The Trust Deed will provide that so long as any Bonds of Series A are outstanding, Limited, shall not (a) declare any dividend on its capital stock, (b) redeem any of its (c) make any capital expenditure, net current assets below an amount equal to the total amount of Series A Bonds at such time outstanding. We offer these Bonds, subject to the approval Wood, Gund First Mortgage Sinking Fund Gold Bonds 6%, Series A Unconditionally guaranteed (by endorsement) as to principal, sinking fund and interest by Noranda Mines, Limited. To mature May Ist, 1945. Principal and half-yearly interest (May 1st and November Ist) payable in Toronto, Montreal, England, at the fixed rate of $4.86 2/3 to £1 Sterling. Denominations: $1,000 and rices and accrued interest: At 105 if redeemed on or before May Ist, 1933; there- ay Ist, 1986; thereafter at a declining premium of 14 of 1% for each expired year, at ,101 if redeemed before maturity. The Chartered Trust and Executor will provide for an annual cumulative Sinking Fund, commencing May Ist, 1932, sufficient to retire all of the issued Bonds of Series A by maturity. 3 The Company (Dominion Charter) was incorporated in 1929 to erect and operate for which purpose approximately 85 acres of land in Montreal East, Arrangements have been made to commence construction of the Limited, but will also operate as a customs refinery. It is estimated Earnings 2 : J (Guarantor Company) Gordon, Dilworth, Guilfoyle & Nash, Chartered Limited, that gross earnings for ar ending December 0,000. This figure is tion that the reduced price of refined continue throughout the present year. and on the assum Properties and Working Capital (Guarantor Company) Limited, as at' December 31st, 1929 (after deducting all Assets fixed assets of the Company will represent cash expend- commencement of operations, the Company will have less than $500,000. ayment, at the rate of $100 per share, for 5,005 of its Subscriptions have been made'*by Noranda Mines, ichols Copper Company for a further 4,995 Bond Issue charge on all of the Company's fixed assets, buildings, plant and equipment. All assets, will be covered by a first floating charge. Noranda Mines, capital stock, or which will reduce its not embraced in the fixed charge, excepting for necessary renewals and repairs, subject to prior sale, for delivery, if, of our Counsel, at Price: 100 and interest, yielding 6% as and when issued and accepted by us, and ay _& Company d in this advertisement cre) The information contai' is based a Bonds. We do not guarantee, but believe the statements herein made to be upon statements and statistics 'on which we have relied in the purchase of these true. 3 : ' i / i | \ /