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Mcintyre Has a Record Year in Profits and Production Amnual Report for Year Ending March 31st, 1932, Shows Mcintyre Porcupine in Very Satisfactory Condition. Costs were Lowered During Year. New Plant Displays Efficiency. General Situation at Mcintyre Very Gratiâ€" fying. MCOINTYRE HAS A RECORD YEAR , vious year. Lbe summarized a The rpoduction wias u record on won showing an ‘The sum Oof $ with $400,000.00 was transterred 2A e previcus yef Tthie tonnage 0 thou Made is Canadae Why Magic Baking Powder is used exclusively at this Montreal School of Domestic Science surest methods," says Madame R. Lacroix, â€" Assistâ€" ant DPirector of the Provincial School of Doâ€" mestic Science, Montreal. "That‘s why I always use and recommend Magic Baking Powder. Its high leavening quality is always uniform. You get the same satisfactory reâ€" sults every time you use it." And Magic Baking Powder is the unquestioned choice in the majorâ€" ity of cooking schools throughout the Dominion. Cookery teachersâ€" and housewives, tooâ€"prefee Magic because of its consistently better 2e SQil Free Cook Bookâ€"When you bake at home, the new Magic Cook Book will give you dozens of recipes for delicious baked foods. Write to Standard Brands Ltd., Fraser Ave. and Liberty St., Toronto, Ontanmio. esults Cream butter; add sugar, a little at a time, beating until light; add beaten yolks and flavoring; add four, sifted with salt and baking powder, alternately with milk. Fold in stiffly beaten egg whites, Bake 44 cup butter 1 cup sugar / 2 eggs ces 1 teaspoon vanilla extract 1 cup milk 2% cups pastry flour (or 2 cups and 3 tablespoons of bread four) 3 teaspoons Magic Baking Powder teaspoon salt Madame Lacroix‘s delicicus CHOCOLATE LAYER CAKE sn 3 greased layer cake pans moderate oven at 375° F. about minutes. Recipe for Chocola Icing and Filling is in the Mag Cook Book. AJY ther A00,000.09 "We teach our students onlyv the 2W of MciIn *#* 1i Earning Bullion Inc. fri Net profit betf. d preciation . Depwreciation Earn. per sh. aft depreciaticn Dividends paid Ore treated, ton Bullion recover Bullion recovere AC costs .. Administrative general exp. ... Provision for taxe Bullion cont Bullion cont Prem. based U.S. fund Ore reserves Costs per t U.S. funds ... 308,521 Ore reserves . $19,859,863 $20,480,964 Costs per ton.... $4,2954 $4.5641 Mine Development. In his report, R. J. Ennis, General Manager, states that 655,030 tons of ore were treated, gross value was $5,â€" 239,823, and the value per ton $8. The builion recovery was valued at $4,997,â€" 462, or $7.63 trer ton. The preinium based on U.S. funds was $308,060. The ore broken in stones during the year was 570,562 tons, the ore from developâ€" ment was 52437 tons, and that drawn based on U.S. funds was $308,060. The ore broken in stones during the year was 570,562 tons, the ore from developâ€" ment was 52437 tons, and that drawn from broken ore reServes, 39,067 tons, making a total of 662,066 tons hoisted. Ore reserves totalled 2,562.563 tons and the grade was $7.175. Ore reserves were valued at $19,859,863, as against $20,â€" 480 964 a year ago. Development and Exploration Devélopment and exploration during the vear amounted to 23.811 fect as SLl Mr. Ennis states that during the| The mill and property of Proprietary pericd the new centralized plant at NOo.‘ Mines are immediately adjacent to the 11 shaft was started and brought to| property of Crown Reserve, and if the a stage Obf efficient opreration. This | former‘s plans take it out of the hands work interfered with the underground }of the liquidators, merger proceedings development programme to the extent |are certain to follow. The saving of that 25 per cent. less drifting was done| the cost for a mill for Crown Reserve than in the preceding year. He states| was stressed, and shareholders were that two diamond driil holes from the asked to take advantage of this move. 3.B75â€"fo0t level have intersected the It was also stated that officials of Pâ€"~>â€" Ltd ind OULI itely The L 1T rk ut tha ‘bed, tons ... 600,030U recovered $4,997, 462 ‘ecovered. y no change in the stered â€" shareholder umber 3,641. The tock indicates th: ) pic. is now held statemen ive performances: Blance Sheet, covery . $5,305.521 $4.633,323 Diam gold. $4,981,511 sitlver 15,950 and ided 15,.955 feet of crosscuttir T (} OT ind $5,407,507 iu 2,373,1748 261,.106 49¢ 143 200 $2.65 798,000 655,030 204,029 220,135 12,3032 38,.000 Jpment, capacity MclInt N t of driftâ€" ng, 28,197 ind 18,216 $4,837,819 2.3537,361 $2.705,443 798,000 558,115 $4,633 141 $4,616 537 Canada mp 2,134 376 355,570 205C 189,914 158,168 12,952 been Der 30 hne inte May be Merger for the Crown Reserve Protective Committee Names Its Own Directors with Authority to Ssave Company. MHopes for Early Merger. estimated, would enable the company to pay liabilities of about $22,000, as well as leave sufficient money to deâ€" water the mine and start production. Immediate plans seems to indicate that a merger between Crown Reserve Consolidated Mines and jPropriatary Mines, an adjacent company, is posâ€" sible. Government and company reâ€" ports show that the former has wel‘ over $1,000,000 of visible ore, showing an average of $7 in gold per ton, while the latter has a mill capable of handlâ€" ing anywhere from 600 to 800 tons of ore per day, whereas its production when operating was at the rate of approximately 300 tons daily. To opmét $1,55 tective 100,000 first C It is believed that an agreement can be reached whereby Proprietary Mines will share proeduction costs with Crown Reserve, and that the latter will mill its ore through the Proprietary Mines‘ mill, thus keeping the mill working as well as solving the difficulty of going to‘the expense of erecting a mill on the property. At present Crown Reserve is in the hands of the liquidators. Although liaâ€" bilities at the meeting were announced by William B. McPherson, secretaryâ€" treasurer at ranging from $22,000 to $25,000, it was stated to The Mail and Empire, following the meeting,â€" that this figure could be lowered substanâ€" tially after several adjustments, and that a few thousand dollars would give the company a clean bill. Shareholders have until June 15, the date on which creditors are scheduled to meet, to raise enough money to pay liabilities and The Mail and Empire was informed that no difficulties in new No. 22 vein, which lies 3,000 feet south of No. 11 shaft in the Platt Vet claims. One drill hole shnowed three feet of $5.60 ore and the other drill hole shows 6 feet of $23.20 ore. The vein occurs in a favourable lawa flow, and Mr. Ennis states, that from the small amount of development work to date it annears to be the apex of an NA L id ni¢ be in production in stated that as recog fidence in the abil fidence in | tive board 0o would carry cent. preference #1 m NTL l l. )' nV Dr. MacKay s should prc t allow ore t r $22,000 wl 100.000 shar 1M Dt ontC sent : mated ps, so there will be general interest he following account of plans now er way regarding this company. account given below is from The onto Mail and Empire, of Friday, e 3rd, The Mail and Empire says:â€" he protective committee .of Crown erve Consolidated Mines took the step towards placing the mine in luction again when a special meetâ€" of shareholders yesterday appointâ€" i board of directors to act in their rest. The protective board is comâ€" d of shareholders who are said to . approximately 35 per cent. of the e‘s outstanding stock, and it inâ€" es Dr. George A. MacKay, R. W. ‘Kay, F. Walfe and N. Vale, all of onto: R W. Farrgr, of Hamilton and al ar s $14,200 _ $92 813 62 ja2n 11 It cumulative pre it shareholders ited, would en y liabilities of is leave sufficie tiated MackK I Milling Results Improve ha and talled $1,972.690, or $3.0116 »d. Of the above total ex} sts amounted to $52,598, de $355,847, breaking and sto 5, and examination of 4,200. Total operating C 13 625, or $4.2954 per ton I St 30 reC this district concerned w ‘onsolidated the K AyY 1ich 1€ ay insisted that shareholdâ€" rotect their interests and e to slip out of their hands when, by issuing a block ares from the treasurery as hares, the company could cticon in 90 days. He also is recognition of their conâ€" the ability of the protecâ€" f directors, the new shares dividend of eight per ind by hands imini have until June 15, the creditors are scheduled > enough money to pay The Mail and Empire that no difficulties in obligations were antiâ€" would to :A rer day lopment day THE PORCUPINE ADVANCE, TTIMMINS, ONTARIO to .issue % treasury | preference akdowt J of duC he other drill 320 ore. The ble lawa fow, hat from the ment work to ie apex of an wout _(# _ jouo qgul> . Vale, a Hamilton rett of . Ha ase the That m and ge je, $97.434 st taken â€" the 1 _ block tock a issue SU cust OWT Thi: T :B were disappointed, they wouid of the chance to get a free back to their native land. But not been the course they have On the contrary, while doing e possible to create trouble h make the people believe that comes Russi this s munis the rem made by 1 1mI tha Where Do the Communists Secure All Their Monev? miake the Delueve Uii ire not what they should be rictary Mines were agreeable to the deal, for the benefit of both concerns. It was explained that there was danâ€" zer of the Proprietary Mines‘ mill beâ€" ng damaged if sufficient ore to keep it n constant operation was not providâ€" d. With 300 tons daily from the Proâ€" prietary Mines, and approximately 300 ons daily from the Crown Reserve A AI 14 :A 7 T‘h t oing there remark aadress Hon. W )mmunist ral battle B al 15 T1 ticle 2A the rom their s While alwa; itual home 0o seem to have Iv xy} nc y Get Entry Forms for the Big Floating Power Ride Contest Of course some of the | such the communist troublesiHous their spiritual home in | had le always talking about 'mun | home of theirs the comâ€" ' terrt a to have rooted objection f____ re. This calls to memory supposed to have been cannibal to a missionary, r. _ xou speak so nIigniy ou‘ll soon be there," the upposed to have said. In the source of the money communist activity, The not touch on one valuâ€" rough in Timmins, where scheme loyal men have d of money rightfully is has gone to the chest ties. The Speaker‘s comâ€" communists is as follows: h believed that thi Jlived and the or ak Dodge Plymouth Dealer â€" Imperial Motor Sales onary hight: ." the 2A V j111 ad IMPERIAL MOTOR SALES 55 Third Avenue, Timmins fallen foul of Soviet law and was sent to some prison escaped and reached London. 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