Ontario Community Newspapers

Porcupine Advance, 27 Sep 1922, 1, p. 8

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vlarr c E5 HE MINISTER OF FINANCE offers to holders of these bonds who desire to continue their investment in Dominion of Canada securitiee the privilege of exchanging the maturing bonds for new bonds bearing 5} per cent interest, payable half yearly, of either of the following classes:â€"â€" While the maturing bonds will carry interest to Ist December, 1922, the new bonds will commence to earn interest from 1st November, 1922, GIVING A BONUS OF A FULL MONTH‘S INTEREST TO THOSE AVAILING THEMSELVES OF THE CONVERSION PRIVILEGE. This offer is made to holders of the maturing bonds and is not open to other investors. The bonds to be issued under this proposal wiil be substantially of the same character as those which are maturing, except that the exemption from taxation does not apply to the new issue. Dated at Ottawa, 8th August, 1922 To Holders of Five Y ear 5; per cent Canada‘s Victory Bonds (a) Five year bonds, dated 1st November 1922, to mature 1st November, 1927. (b) Ten year bonds, dated 1st November 1922, to mature 1st November, 1932. Issued in 1917 and Maturing 1st December, 1922. ~â€" CONVERSION PROPOSALS KAPUSKAGING EXMIBHT SHOWS NORTH‘ § PROMISE Great Agricultural Possibilities of North Land Emphasized by Work at Kapuskasing. ?‘-@“rhe"exhibit from the Dominion Exâ€" perimental Farm, Kapuskasing, as shown at the New Liskeard Fair, aroused more than passing interest. The Speaker makes lengthy reference to the exhibit, saying it was a credit to the North Country, and proves ‘beâ€" yond a shadow of a doubt, that farmâ€" ing possibilitiee are equally good in the far Northern part of New Ontario as those nearer the older parts of the Province. ~+. The exhibit was in charge of Mr. L. H. Hanlan, assistant superintendâ€" ent of the Farm at Kapuskasing, but who was formerly with the Monteith Farm and so is well known in the more southern part of the North Land‘s agricultural belt. The first timber was cut on the farm in 1915. It consists of 1300 acres of level clay and clay loam soil, surfaced with a layer of humus or muck, that aids in producing a luxuriant growth. Four hundred acres are now under cul tivation, and 400 more are chopped and burned over, and ready to be cleared up. About two or three hunâ€" dred acres are to be used for forestry purposes, the balance for erop proâ€" duction. Seventyâ€"five acres are now dbeing used for experimental plot work, and the information obtained from this work is bound to ‘be of great value to the North Country. ‘The Farm is 70 miles West of Cochrane, and is the only Dominion Farm in the Great Clavy Belt~of 16,000,000 acres. It is only DMominion Farm in the Ureai Clay Belt~of 16,000,000 acres. It is quite evident that any erops that can be sucéssfully grown at this Station will eventually be grown in any other part of New Ontario. At presentâ€"65 head of cattle are kept. The Ayrshire Herd is headed by ‘‘‘Cavalier of Elm Lake,"‘ and the Shorthorn Herd is headed by ‘‘Kentâ€" ville Marconi‘‘ and ‘*Jubilee Prince."‘ Thirty puredbred Shropshire .ewes are kept, headed by Ottawa Chieftain. There are also twelve pureâ€"bred Yorkâ€" shire sows, and **Roseberry‘"‘a Yorkâ€" shire boar. Many excellent young stock are beâ€" ing bred and raised from the foreâ€" going herds. This stock is being disâ€" seminated throughout Northern Ontaâ€" rio and great numbers will lbe sent out as time goes on and the present herds as time goes on and the present nerds are enlarged. The poultry flock consists of Barred Rocks, Toulouse Geeses, Bronze Turâ€" themselves of this conversion privilege should take their bonds AS EARLY AS POSSIBLE, BUT NOT LATER THAN SEPTEMBER 30th, to a Branch of any Chartered Bank in Canada and receive in exchange an official receipt for the bonds surrendered, containing an undertaking to deliver the corresponding bonds of the new issue. Holders of maturing fully registered bonds, interest payable by cheque from Ottawa, will receive their December ‘1 interest cheque as usual. Holders of coupon bonds will detach and retain the last unmatured coupon before surrendering the bond itself for conversion purposes. The surrendered bonds will be forwarded by banks to the Minister of Finance at Ottawa, where they will be exchanged for bonds of the new issue, in fully registered, or coupon registered or coupon bearer form carrying interest payable ist May and 1st November of each year of the duration of the loan, the first interest payment accruing and payable 1st May, 1923. Bonds of the new issue will be sent to the banks for delivery immediately after the receipt of the surrendered bonds. The bonds of the maturing issue which are not converted under this proposal will be paid off in cash on the 1st December, 1922. Holders of the maturing bonds who wish to avail THE PORCUPINE ADVANCE | MINERAL PRODUCTION OF CANADA FOR SIX MONTHS The Dominion Bureau of Statistics at Ottawa says that the recovery in the mining industry which made its appearance in the early months of the year has gained momentum, as evidenved by statistiecs covering proâ€" duction for the ‘first six months of 1922. The total estimated value of the mineral production during the first six months of 1922 was $57,682,044, $26,475/544 represented the value of the metal production and $31,207,400 the nonâ€"metals. As compared with the same period in 1921 the value of the metals is seen to have increased about two million dollars, or 9.1 per cent. Available data collected from vaâ€" rious sections of the industry show a gradual increase from the decline of 1921. The standing of ‘the different proâ€" vinces in the Dominion, according to the returns for the half year, was as follows: Ontario, $18,833,577; British Columbia, $16,153,307 ; Alberta, $10â€" 4 Nova Scotia $8,792,799 ; Queâ€" bee, $2,054,455 ; Yukon $714,002; New Brunswick, $590,456; Saskatchewan, $2066,041;, Manitoba, $215,339. The ten principal products of the mineral industry in Canada during the period in order of the values asâ€" signed were: ‘Coal, $24,346,959; gold, $12,110,24 $2,882,047 copper, $: ad4a}, nICKeIL, $1,40U1,821 400, and salt, $849,133 keys and Pekin Ducks. A number of new poultry houses ‘have been built this year, and these flocks will be inâ€" creased. ‘Twelve colonies. of Italian Bees are kept for demonstration purâ€" poses, and are giving good results. The exhibit was purely educational and consisted of numerous models of farm buildings and equipment, as folâ€" lows: poultry houses, trap nests, feea hoppers, sheep racks, sheep dipping outfit, wool packing crate, selfâ€"feeder for ‘hogs, hog fence, portable hog pens, silos, rack lifters. ete. All kinds of lows: poultry houses, trap nests, feea hoppers, sheep racks, sheep dipping outfit, wool packing crate, selfâ€"feeder for hogs, hog fence, portable hog pens, silos, rack lifters, ete. All kinds of grain and grass crops were representâ€" ed, the growth of 1922 Huron, Marâ€" (quis, Prelude and Ruby Spring Wheat O.A.C. No. 21, Manchurian, Albert, Duckbill and Himalyan Barley, Banâ€" ner, Victory, Gold Rain and Alaska Oats. Arthur, Canadian Beauty, Gold en Vine and Black Eyed Marrowfat Peas. The Alfalfa, Red Clover, Alsike and Timothy were also extra good specimens. The silage crop used on the farm consists of sunflowers and oats, peas and vetches. This year, two silos will be filled, one with each crop. silver, $5,997,199; ‘lead, natural gas, $2,448,829; 37,003; asbestos, $1,894,â€" $1,401,820; zinc, $1,370,â€"

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