Mines
of
Topley
Bid
Fair
to
Become
Important
Producers
and
Work
is
Three
Different
Properties
Heine
Worked
and
Ore
Prepared
for
Shipment
to
Smelter
at
Trail
TOPLEY.
September
27.
This
district
has
assumed
a
permanent
place
in
the
mining
world
today.
Its
rise
has
been
meteoric
but
its
permanence
as
a
camp
is
assured.
This
is
due
largely
to
the
big
showing
made
at
the
mine
discovered
by
Frank
Taylor
and
now
known
as
the
Richfield
Consolidated
which
was
recently
under
option
but
which
is
now
being
developed
by
the
company
eon-'rolling
it.
If
this
mine
were
everything
Topley
would
be
on
the
map,
but
in
nm
all.
There
are
two
other
properties
being
worked
and
at
least
ono
of
these
will
be
shipping
ore
very
soon.
l'ICl;ltltlV
TO
Mill'
ORE
GENERAL
WAS
j
!
I
FRENH
EXILE!
;
I
ton
are
getting
out
ore
with
a
view
to
Raymond
llrutinel
Repatriated
Af
'
wpping
at
Trail
this
ter
he
Had
Fought
Valiantly
tiuter.
Both
men
have
worked
bard
for
Allies
I
eteedilr
all
year
and
hive
a
whole
!
lot
of
work
to
show
lor
their
year's
Ci:
i:ai
Raymond
BruUnel.
KjC.B..
labor.
The
face
at
present
la
lour
CM
,
D
O
who
was
here
kit
week
feet
wide,
and
their
location
adjoins
.
i
w!r,
addressed
the
Rotary
Cli
lut
'
the
group
or
claims
purchased
laat
tall
w
t
wa
head
of
the
'Canadian
Machine
-
by
Frank
Taytor.
Can
Section
in
the
war
but
he
was'
The
Cup
group
of
eight
claim
'..i
allowed
to
go
to
France
until
he
another
mile
south
ot
the
Richfield-nad
rece.rd
permission
from
the
Teeaey
propertf
la
be(s
developed
hi
French
OovenusMt.
!
Matthew
Bam
who
la
finding
very
It
icems
that
Oehem
BruUnel
wuvfxt
ore
oh
the
new
dleeofery'Ke
has
in
ramiti
huae
h-
had
been
tilled
i
from
France
over
the
Dreyfus
affair
year
ego
He
va
allowed
to
return
on
the
application
of
the
British
government
but
(m
atin
posted
as
a
deserter
from
the
army.
One
of
the
mart
moving
sights
ever
wm
was
that
when
alter
Oeeeral
Bru-::-iri
had
performed
distinguished
null's
y
service
for
the
sJl.es
In
the
Oan-ad
a:i
army
he
appeared
before
the
pre--.dent
of
Franc
and
was
presented
with
lie
dec-
ration
of
the
Legion
of
Honor
nji-1
m
name
was
stricken
formally
from
he
luit
of
d'weners
He
had
been
of
'urse
a
te
finical
deserter.
DOG
FISHING
IS
STARTING
Six
or
Seven
Trolling
Outfits
to
Commence
Operations
in
Edje
Pas
Jmmeclia'lely
Els
or
seven
uollng
outfits
are
leav-
iiiK
shortly
for
the
vicinity
of
Bdye
Put
to
engage
la
dogtMung
for
the
IH:;:rrt
Marine
Produeta
Co.
Ltd.
which
v
ii
ue
the
fUh
for
reduction
purposes
in
itH
plant
at
Tucks
Inlet
It
,was
an-i"tuiRed
thia
morning
toy
George
O.
Busliby.
head
of
the
aoncern.
The
company
will
maintain
a
collecting
scow
and
tugboat
in
Welcome
Harbor
near
tue
Patterson
mine.
Mr.
Bushby
an-
nuu:i,ri
that
17.SO
a
ton
was
to
be
paid
for
the
fish.
.
Later
in
the
season
It
Is
also
hoped
ti
interest
halibut
flahermen
in
this
fishery
with
a
view
to
having
a
con-
r-i
ant,
supply
to
keep
the
Rupert
Marine
Pr-durt
plant
In
operation
throughout
the
winter.
APPEALS
HAVE
BEEN
ENTERED
Fisheries
Department
Pressing
Cases
Against
Fishermen
Recently
Dismissed
at
Ocean
Falls
Arting
on
behalf
of
the
Dominion
Fisheries.
W.
O.
Fulton
filed
in
OoUnty
C
iurt
yesterday
notice
of
appeal
In
connection
with
six
oases
wherein
Sti
pendiary
Magistrate
Oeorge
H.
Hill1
of
Ocean
Falls
recently
dismissed
six
Bella
Coola
fishermen
on
charges
of
fish
ing
dur.ng
the
dosed
season
which
was
emergently
called
about
three
weeks
sgo
The
department
is
not
satisfied
with
the
reason
given
by
Magistrate
Hill
for
the
dkmlssal
that
aufficient
notice
had
not
been
given
of
the
close
season.
.The
appeals
will
be
heard
during
the
Ocrober
court.
Being
Prosecuted
j
With
value
running
from
IG0
to
several
hundred
doUara
a
ten
on
a
allowing
of
gray
copper
and
silver
lead
ore
little
more
thin
a
mile
south
of
the
Richfield
-Topley
property
'where
they
mad?
location
last
rail.
Dave
i
Heenan
and
Cbaa.
Matheaon
of
Hazel
-
made.
mciitii:i.i
soi.iim:i
With
every
prospect
of
being
one
oJ
the
htg
producers
of
metalliferous
ore
In
the
very
near
future,
work
Is
being
lertouely
prosecuted
at
the
Topley-Richfield
Consolidated
property
here.
At
the
shareholders'
meeting
held
In
6ml
then
last
week,
the
proposal
of
the
directors
that
the
Richfield
property,
formerly
under
bond
to
the
Standard
people,
be
consolidated
with
that
of
the
Topley
Company
and
that
the
newly
reorganised
company's
capital
be
Increased
to
two
million
shares
of
fifty
cents
par
value
each
was
ratified.
Ap
plication
will
be
made
Immediately
for
a
Dominion
charter
which
will
enable
the
company
to
dispose
of
Its
shares
In
every
province
In
Canada
should
that
be
necessary.
At
the
mine,
work
on
the
preparing
foundations
for
the
new
Fetters
compressor
plant
which
wm
carry
three
sir
drill
is
proceeding
steadily.
This
new
plant
has
been
purchased
and
shipped
and
should
arrive
at
Topley
within
a
few
days.
With
the
installation
of
power.,
the
shaft
and
tunnel
will
be
unwatered
and
underground
development
will
be
proceeded
with
right
away.
Already
there
are
some
eight
hundred
feet
of
underground
worklnc
and
half
of
this
is
In
ore.
The
laat
shot
put
In
by
the
Standard
Com
pany
before
they
left
the
property,
disclosed
a
twelve
Inch
vein
of
high
grade
ore
running
360
ounce
of
sUver,
16.60
In
gold
and
23
per
cent
lead.
In
a
six
foot
ledge
averaging
47
ounces
sHver
and
8
In
gold.
The
first
work
will
be
to
drift
on
this
vein
after
the
Installation
of
power,
and
three
shifts
will
be
worked,
giving
maximum
twenty
four
hour
production.
Development
work
will
be
accom
plished
very
economically
on
this
Rich-fleld-Topley
property;
the
tunnel
to
be
driven
being
in
ore,
which
material
even
If
barren
would
have
to
be
removed
In
any
case.
The
eight
mile
road
to
-the
Tstrnoad
is
practically
all
downhill
arid
there
1
already
enough
hand
sorted
ore
on
the
dump
to
give
a
return
load
to
every
team
bringing
in
supplies.
So
soon
as
may
be
regu
lar
shipments
will
be
made
to
the
smelter
at
Trail,
FISHING
IMPROVEMENT
ON
QUEEN
CHARLOTTES
All
rannrrlr
are
now
Ens-aged
In
Putting
up
Cliimis
and
a
few
Cohoes
Considerable
Improvement
in
the
salmon
run
on
the
Queen
Charlotte
Is
lands
Is
reported.
Canneries
at
Massett.
Allford
Bay.
Lagoon
Bay
and
other
points
are
engaged
in
putUng
up
chums
and
some
cohoes.
The
success
or
otherwise
of
fishing
during
the
next
two
weeks
will
spell
whether
the
pack
is
to
be
a
fair
one
or
little
more
than
a
failure.
She
AT
SEAL
WILSON
IS
NEW
TEACHERS'
HEAD
Miss
E.
A.
Mercer.
Vice-President,
and
W.
W.
C
O'Neill
Secretary
of
Local
Kody
The
Prince
Rupert
branch
of
the
Brttish
OoiumMa
Teachers'
Federation
had
its
annual
owe
ting
laat
night
in
the
Bxih
Memorial
School.
The
gathering
was
well
attended
and
eathuata-
Uc.
The
election
of
officers
resulted
as
loUowa:
p!el(ot
J.
s.
Wilson.
Vice-FreaiaentMlas
E.
A.
Mercer.
Secrttar;
-Treasurer
-w.
W.
C.
ONetll
Executive
-
Miss
Jessie
R'-thwetl.
Mi
a
K.
Mackay.
Mlas
A.
A.
Pierce
and
a.
11.
Stocks.
Convener
of
Refreshment
Coram
tuee
Mrs.
B.
Walker.
The
program
of
winter
subject
for
monthly
meetings
was
dlaeu'sed
and
lb
matter
ot
a
dVUttct
convention
was
rwrarred
to
the
executive.
Mies
E.
P.
Grass
le
played
anueh
ap
preciated
piano
selections
and
J.
S.
Wil
son
sang
solos
as
well
as
leading
In
community
singing.
AccompanleU
were
Mlas
E.
A.
Mercer
and
MUs
HaUlwell.
Refreshments
were
served
at
the
close
of
the
meeting.
STIFF
GALE
SENDS
SMALL
VESSELS
FOR
REFUGE.
IN
HARBORS
rcrtr
Miles
an
Hour
Thin
Morning
at
liljliv
l-Uiul
and
Thirty
During
.ICht
Wlreieea
deepstches
state
that
a
heavy
gale
has
been
Mowing
along
the
north
coast
and
has
been
sending
small
craft
to
the
harbors
for
refuge.
The
tug
Pacific
Monarch
towing
the
barge
Bis-
;ayne
Is
weather
bound
at
Safety
Cove
tnd
the
Salvage
Princess
is
storm
bound
at
Banks
Island.
The
meteorological
station
at
Digby
reports
that
during
the
night
there
was
a
ateady
thirty
mtle
gate
increasing
this
morning
to
42
at
the
peak
and
blowing
regularly
at
about
forty
miles.
URGES
IMPORTANCE
OF
THE
MUSEUM
TO
CITY
Visitor
from
Scotland
Takes
Keen
In-
ter
rot
In
Local
Institution
Among
the
week
and
visitors
to
the
city
was
Victor
T.
Hodgson,
honorary-secretary
of
the
West
Highland
Museum
of
Fort
William,
Invemeeshlre,
Soot-land.
He
took
a
great
Interest
In
the
local
museum
and
urged
its
Importance
to
the
etty
.as
a
tourist
attraction,
once
:t
became
large
enough
to
make
It
possible
to
provide
proper
housing
for
It.
Mr.
Hodgson
was
keenly
Interested
in
the
preservation
of
Indian
names,
historical
buildings
and
associations.
While
here
he
interviewed
several
members
of
the
museum
board
and
urged
upon
them
the
Importance
of
the
work
hey
were
doing.
FINANCIAL
POSITION
OF
EXHIBITION
WILL
SOON
BE
DETERMINED
The
Fair
Board
Is
now
engaged
In
cleaning
up
loose
ends
In
the
matters
of
bills
payable
and
collections
still
receivable
with
a
view
to
having
a
meeting
within
a
week's
time
when
the
financial
results
frpm
the
1937
Exhlbl
ion
will
be
definitely
determined.
It
has
been
practically
assured
that
there
will
have
been
a
surplus
from
this
year's
operations
and
It
Is
hoped
that,
there
may
be
a
surplus
to
be
spoiled
toward
the
liquidation
of
last
year's
deficit.
NEW
BUILDING
FOR
VICTORIA
IS
BEGUN
VICTORIA,
Sept.
J7.-:onstructlon
Of
a
brick
and
concrete
building
for
J.
S.
H.
Matson
has
been
commenced
on
Courtney
Street
by
Luney
Bros.,
Ltd.,
which
firm
was
awarded
the
contract
at
a
figure
of
approximately
1
1.000.
It
will
occupy
the
site
of
a
livery
barn
erected
about
forty
years
ago
and
which
was
recently
torn
dewn
to
make
way
for
the
new
structure.
mi
Boston
Grill
25
TAXI
snd
Ambulance
Large
Upstair
Dining
Hall,
Service
with
newly
laid
dancing
Anywhere
at
Anytime
floor,
(or
hire.'
Stand:
Exchange
Kuildlnc
NEW
SODA
FOUNTAIN.
JIATT
VIDKCK.
Prop.
PRINCE
RUPERT
The
iatett
and
best
for
the
leant
Phone
457.
Northern
and
Central
British
Columbia's
Newspaper
,
ot
XVII..
No.
22C
PRINVE
RUPERT.
B.C..
TUESDAY.
SEPTEMBER
27.
1927
Price
Five
Cents
MINES
of
mz
MAKE
NEW
BUILDINGS
COVE
MILL
NEARLY
COMPLETED
BISHOP
GEORGE
0.
ARUNDALE.
Liberal
Catholic
prelate
of
India,
and
his
wife,
Mrs.
Rukmin
Arundale,
an
Indian
woman
of
high
caste,
shown
on
their
arrival
in
New
York
for
a
three
month's
lecture
tour
NEW
PLANT
New
Huildinxs
Will
Soon
be
Finished
for
Lumber
Mill
Itrportlnj
on
the
.
progress
of
work
In
connection
with
the
establishment
of
the
new
sawmill
at
Seal
Cove
on
the
site
of
the
old
I'rliice
ltuM-rt
Spruce
Mills,
Ueorge
McAfee,
manager
of
the
Big
Bay
Lumber
Co.,
stated
this
morning
that
Is
was
eietted
that
the
buildings
:
would
be-
finished
as
far
as
the
contractors,
Mltrhell
X
Currle,
were
concerned,
liy
October
10.
Then
will
commence
the
Installation
of
machinery
and
It
Is
expected
that
the
new
plant,
having
a
dally
single-shirt
capurlt)
or
from
4U.IMK)
to
SO-000
fret,
will
lie
In
operation,
as
r
original
plans,
not
later
than
"
'
March
1.
The
most
Imposing
building
will,
of
course,
be
the
mill
building
itself
which
measures
40
by
200
fret.
Smaller
buildings
will
he
the
steam
plant,
machine
shop
and
boiler
house
which
are
now
up
and
the
planing
mill
on
which
a
start
Is
jet
to-
be
made.
C.
MrlUe
Is
supervising
the
instruction
of
the
new'
plant.
HENRI
BOURASSA
TO
SPEAK
AT
EDMONTON
EDMONTON.
Sept.
27.
Long
known
as
the
stormy
petrel
of
Canadian
politics
and
one
of
the
leading
orators
pf
the
Domltilon,
Henri
Bourama,
MP.Wltl
address
a
public
meeting
In
the
Pentagea
Theatre
on
Saturday
evening.
October
6.
under
the
auspices
of
the
Native
Sons
of
Canada.
The
announcement
ot
ar
rangements
for
the
address
was
made
at
a
meeting
of
the
local
organisation.
As
Mr.
Bourassa
la
to
address
the
Can
adian
Club
on
the
following
Monday,
it
la
not
known
yet
what
subject
he
will
deal
with
at
the
public
meeting.
It
is
expected
that
this
will
be
e:ther
"The
Natural
Resources"
or
"Canadian
Pro
blems
In
Oeeeral."
XOr
SEA
SKkTEXT
llt'T
SOME
OTIIEK
CliEATl
KE
!EEX
MOItESBY
ISLAM)
SKIDEOATX.
Sept.
27.
The
skipper
and
crew
ot
the
salmon
seiner
Waterfall
report
that
while
travelling
outside
ot
Taaso
Harbor.
Moresby
Island,
they
saw
a
huge
creature
travelling
on
the
surface
of
the
ocean.
It
had
huge
wings
or
fins
Just
back
of
Its
bead
and
was
planing
on
the
surface
with
these
wings
when
Skipper
II.
Whlteand
his
crew
saw
it.
.
COURSE
OF
EASY
SAILING
IS
NOW
COUNCIL'S
SIGHT
With
the
railway
taxation
agreement
now
safely
ratified
by
the
people,
pros
pacts
are
that
the
city
council
will
hare
a
course
of
easy
sailing
from
now
until
the
end
of
the
year.
Nothing
of
a
con
tentious
nature
seems
to
be
now
In
sight
for
Its
consideration
although
ob
staeles
may
yet
arv.
The
council
will
be
in
session
again
next
Monday
when
one
of
the
matters
for
consideration
will
be
the
final
ratification
ot
the
taxation
agreement
with
the
railway.
BIG
DRAWING
TO
BE
HELD
FOR
BENEFIT
NANAIMO
HOSPITAL
In
the
form
ot
a
big
drawing
with
first
nrire
of
tS.OOO
and
other
corns-
pending
prizes
!wh
the,
)nel
i
f
be,'
hbs-'
taJ.bjwarjd
of
the
city
'
of
WfAinio.'
Waving
WltHd
in!
It
cherts
to
false
the
sum
ot
135.000
necessary
for
the
completion
of
a
tine
new
hospital
there,
la
now
appealing
to
the
people
ot
the
province
for
money
needed.
MINISTER
AT
EIMO.TOX
EDMONTON,
Sept.
27.
Hon.
J.
A.
Rotb.
minister
of
finance,
is
expected
to
arrive
liere
Thursday
of
this
week
nnrl
be
entertained
Jointly
by
the
Board
ot
Trade
and
the
Rotary
Club.
Saunders
Tells
of
His
Plans
for
a
Mill
on
Ecstall
River;
Expects
to
Close
Deal
Today
An
investment
of
at
least
$1,500,000
is
involved
in
the
sawmill
and
pulp
mill
which
he
proposes
to
establish
on
the
Ecstall
River,
a
tributary
of
the
Skeena
near
Port
Essington,
states
II.
Saunders
of
Hamilton,
Ontario,
who
is
in
the
city
to
close
a
deal
with
James
A.
Brown,
pieceer
sawmillman,
for
the
purchase
of
the
site.
Mr.
Saunders
stated
that
he
expected
the
transaction
would
be
completed
by
this
afternoon
or
tomorrow.
It
will
probably
take
two
years
to
build
the
plant.
Mr.
Saunderi
con
.emulates
proceed-
;ng.
lauMdtately
the
deal
is
ciaaea,
wim
the
erection
ot
a
50,000
lost
a
day
saw-
U
sr.
4
a
pulp
plan:
having
an
out
put
of
100
tons
per
week.
Orlnders
and
beaters
will
be
used
in
manufacturing
the
pulp
as
scalds
cannot
be
employed
In
fishing
w..ter.s
such
as
these
On
tester
will
be
Installed
at
first
and
It
'
la
ex;
ected
about
tee
hundred
men
will
be
emvlsyed
thia
wln.er
on
construction
work.
The
plant
will
be
entirely
waterdrtven
!
and
a
generator
will
be
installed
de-'
nving
Its
p.wer
froi
Bros-n's
ttlver
at
the
oMflueace
cf
which
with
the
Skeena
River
the
site
of
the
new
ptajt
Is
lo
oted
Part
cf
the
old
Brown's
mnl
will
be
t-sed
In
the
construction
of
the
new
awulll.
Mr.
Saunders,
whi
Is
financing
:
the
prD'eot.
wlM
personally
supervise
construction.
The
pulp
mill
will
be
fbuUt
on
the
unit
system
so
that
It
can
be
added
to.
Aa
a
matter
of
tact.
Mr.
Saunders
ronfmji.'iiV.ttiir
BSsattuot)o9
at
an
extra
bee.;er.och
year
until
a
to
tal
of
five
have
been
installed.
Something
in
the
neighborhood
of
300
men
will
be
eventually
employed
In
the
mill
when
it
gets
under
operation.
i
Logs
to
be
used
In
the
plant
will
be
towed
to
the
mill
from
the
Skeena
Elver
and
various
parts
of
the
coast,
Mr.
Saunders
already
having
arranged
tor
his
limits.
Tbe
output
win
be
towed
to
Pert
Etsmgtoa
on
scows
and
shipped
from
that
point.
Mr.
Saunders
states
that
he
has
been
working
on
plans
for
the
project
for
Mrteral
months.
FISH
ARRIVALS
Total
of
S:jVK)
Pounds
of
Halibut
Sold
at
Eichange
This
Morning
A
total
of
62.500
pounds
of
halltmt
was
sold
at
the
Fish
Exchange
this
3irnln&.
two
American
vessels
disposing
o:
Ij.OOO
pounds
frr
16c
and
7c
and
16.6c
and
7c.
while
five
Canadians
sold
47SO0
pjunds
for
bids
ranging
tram
14.6c
az.d
6c
to
15.4c
and
6c.
Arrivals
and
sales
were
as
follows:
American
Taboma,
2.000
pounds.
Canadian
Pish
&
Cold
Storage
Co..
16c
and
7c.
.
Roald
Amundsen.
12.000
pound.,
Can
adian
Fish
&
Cold
Storage
Co.,
16.6c
and
7c.
Canadian
Aiken,
10,000
pounds.
Booth
Fisheries.
li.6c
and
6c.
Morris
II.,
7,500
pounds,
Royal
Fish
Co.,
13.1c
and
6c.
Scrub.
15.000
pounds,
Canadian
Fish
St
Cold
Storage
Co..
lS.4c
and
6s.
Edward
Llpsett.
8,000
pounds,
Atlin
Fisheries,
14.8c
and
6c.
Margahee..
7,030
pounds,
.
Booth
Fish
eries.
14
Be
and
6c.
NEW
ORGANIZER
FOR
CANADIAN
LEGION
IS
APPOINTED
IN
SOUTH
VICTORIA,
Sept.
27
Robert
Macnlcol
has
been
iapp3lnted
organizing
secretary
of
tbe
Canadian
Legion
of
the
British
Empire
Service
League,
with
bead
quarters
in
Vancouver,
and
will
assume
his
new
duties
on
October
l,
it
an
nounced.
Mr,
Macnlcol
will
continue
his
as
cociitlon
wttttftke
Victoria
realty.
nd
ysurance
firm
of
R.
Macnlcol
Sz
Com
panyjin
.,
.,
.
...
..,,,
In
view
ot
the
pressure
of
work
In
volved,
Mr.
Macnlchol
wUl
not
be
able
to
attend
to
his
duties
aa
ft
member
of
the
Saanlch
Board,
ot
School
Trustees
during
the
next
few
weeks.
He
has
therefore
requested
Chairman
Hobbs
to
accord
him
leave
of
absence
for
the
entiling
three
months
.
The
Canadian
Legion
ia
preparing
for
a
wide
extension
of
its
posts
tn
British
Colvmbia
and
Western
Canada
'
In
the
course
ot
the
next
few
month.
'
1
1
P.G.E.
THE
PREMIER
FERN
IE.
Sept.
27.
The
vast
problem
ot
making
some
satisfactory
adjustments
with
the
province's
railroad
venture,
the
POE,
was
receiving
earnest,
attention
with
hopeful
progress
towards
solution,
said
Premier
MacLean
In
an
afdresa
here.
The
divergency
cf
Interest
tn
the
centres
of
papulation
In
the
province
was
a
difficulty
that
could
only
be
surmounted
by
definite
progreslve
development
policy
of
government.
The
Premier
stated
vindication
ot
the
present
gsvemment
was
shown
in
tbe
support
give
a
-tta
candidateeJln
recent
by-election.
He
urged
Fernle
electors
to
take
more
interest
In
public
affairs
and
support
only
administrations
acting
tor
their
general
prosperity.
GRANBY
DEFERS
ITS
DIVIDEND
Will
Not
Pay
One
at
Present
Ow
ing
to
Wish
to
Evade
Tax,
Sayp
Report
TORONTO.
Sept.
27.
Oranby
Con
solidated
Mining,
Smelting
tt
Power
Co.
has
funds
sufficient
to
pay
a
quarterly
dividend
at
present
(working
capital
July
1.
was
$33960
after
payment
of
July
dividend
),
but
conditions
exist
which
make
It
expedient
to
defer
divi
dends
for
a
while.
Directors'
were
due
to
take
dividend
action
last
month.
A
dividend
of
tl
a
share
was
declared
in
May,
payable
July
1.
British
Columbia,
where
tbe
company
ia
Incorporated,
has
tax
laws
no
leas
onerous
than
those
existing
In
this
country,
says
a
Boston
report.
Dividends
of
14
per
share
per
annum
paid
from
earnings
by
the
Oranby
Co.
would
be
subject
to
a
British
Columbia
tax
of
over
$230,000.
As
in
the
United
States,
distributions
paid
from
capital,
however,
are
not
taxable.
Under
the
Canadian
law,
however,
no
distribution
on
stock
can
be
considered
as
from
capital
as
long
aa
a
single
bond
Is
outstanding.
Therefore
any
dis
tribution
to
be
non-taxable
will
have
to
be
deferred
until
the
first
of
May
next
year
when
the
$600,000
first
mortgage
6s
come
due
and
are
paid.
VENIOT
TELLS
OFFINANCES
Posfoffic'e,
Expected
to
Lose
Five
Million'
ISut
This
Reduced
to
Two
WINNIPEG.
Sept.
27.
Addressing
young
French
Canadians
here
yesterday
Ufa.
P.
J.
Venlot,
postmaster
general,
said
it
had
been
expected
when
a
reduction,
was
made
In
postal
rates
that,
tfxrt,
would
be
a
deficit'
of
15.000,-,ppo
in
the
fiscal
year
but,
owing
to
increased
business
.the
deficit
had
not
been
more
than
12.000,000.
The
revenue
for
the
first
tlve
months
ot
the
present
fiscal
year
was
approximately
a
million
more
than
for
the-same
period
a
year
ago.
Expenses
had
increased
owlrg
to
the
furnishing
of
additional
service
by
about
1400,000,
of
which
salaries
to
employees
due
to
.statutory
Increases
and
reclassification
or
the
civil
service
commission
were
responsible
tor
$240,000.