IMAGE EVALUATION TEST TARGET (MT-3) 4p 1.0 III I I.I 1.25 li£12.8 Ul IIS lU u 125 b£ 12.0 1.4 I' ik Fhotogrsf^c Sciences CorporaliGn ^^<(V as WIST MAIN STRUT WIBSTER.N.Y. MSSO (716)«72-4S03 '^ p ^ 4" ^ ^ CIHM/ICMH Microfiche Series. CIHM/ICIVIH Collection de microfiches. lal Canadian Institute for Historical Micrort production* / InftftMt fiinadlan da mlcroraproductions historlquas Tachnical and Bibliographic Notas/Notas tachniquas at bibliographiquat Th to Tha Inatituta liaa attamptad to obtain tha bast original copy availabia for filming. Faaturaa of tliis copy wliich may ba bibliographically uniqua, which may altar any of tha imagaa in tha raproduction. or which may significantly changa tha usual mathod of filming, ara chackad balow. HColourad covars/ Couvartura da coulaur □ Covars damagad/ Cc D D D D D D Couvartura andommagte Covars rastorad and/or iaminatad/ Couvartura raataurte at/ou pallicuMa □ Covar titia missing/ La titra da couvartura manqua Coiourad maps/ Cartas giographiquas an coulaur Coiourad inic (i.a. othar than blua or black)/ Encra da coulaur (i.a. autra qua blaua ou noira) I I Coiourad platas and/or illustrationa/ D Pianchas at/ou illustrations w* coulaur Bound with othar matariai/ RaiiA avac d'autras documants Tight binding may causa shadows or distortion along intarior margin/ La^aliura sarrie paut causar da i'ombra ou da la distortion la long da la marga int*riaura Blank laavas addad during rastoration may appaar within tha taxt. Whanavar possibia, thasa hava baan omittad from filming/ II sa paut qua cartainaa pagas blanchas ajoutias iors d'una rastauration apparaissant dans la taxta. maia, lorsqua cala 6tait possibia. cas pagas n'ont pas ix6 fiimtes. Additional commants:/ Commantairas suppi^mantairas; L'Institut a microfilm* la maillaur •»# mjllffft qu'ii lui a «t« possibia da sa proeurt r, l§§ dAtaJlf da cat axampiaira qui sont paut'#tr« unf^UM du point da vua bibliographiqua, qui p9UV9nt modif Jar una imaga raproduita. ou qui p§uv§nt §Hi§§f un§ modification dans la mithodt nprmtif df 1Um§9§ sont indiqute ci-dassous. I I Coiourad pagas/ □ Pagas da coulaur Pagas damagad/ Pagas andommagtas Pagas rastorad and/oi Pagas rastaurias at/ou ptllieulAM Pagas discolourad, staintd pr fonm Pagas dicoioraas, ta^httitf ou piqu#M Pagas datachad/ Pagas ditachies Showthrough/ Transparanca Quality of prir Quaiiti inigala da rimprattion includas supplamantary mataril Comprand du material suppl^mt ntaif# Only adition availabia/ Saula Mition disponibia |~n Pagas damagad/ I I Pagas rastorad and/or laminitf d/ Fyl Pagas discolourad, staintd pr fpxfd/ I I Pagas datachad/ r~7 Showthrough/ I I Quality of print varias/ I I includas supplamantary matfritl/ I — I Only adition availabia/ Th po of filii Ori baf tha sio oth firs sio or Thfl sha TIN whi MaJ diff anti bagi righ raqi mat Pagas wholly or partially obfeurad by WfHB slips, tissuas, etc., hava bftn rtfilmad te ansura the bast possibia imagp/ Las pages totalement ou partiaMam^nt obscurcies par un feuiilat d'arrata, un§ p§iuf§, etc., ont its film6es A nouvaau da fa^an i obtanir la mailleure imaga poaalMa This item is filmed £• the reduction ratio checked below/ Ce document est fiimA au taux da riduction indiquA ci-dassous. 10X 14X 18X 22X 2SX lOX y 12X 16X aox 24X 28X n% r9 m§u§ If un« Th« copy film«d Iwr* has b««n r«producMl thanks to the gonoroaity of: Library of tha Public Archivaa of Canada Tha imagaa appaaring hara ara tha baat quality possibla consldaring tha condition and lagibility of tha original copy and in Icaaping with tha filming contract spacificationa. Original copias in printad papar covara ara filmad baginning with tha front covar and anding on tha last paga with a printad or illustrstsd impras- sion, or tha bacic covar whan appropriata. All othar original copias ara filmad baginning on tha first paga with a printad or illuatratad impras- sion, and anding on tha laat paga with a printad or illustratad impraasion. •• L'axamplaira film4 fut raproduit grica A la giniroaitA da: La bibliothAqua das Archivaa publlquaa du Canada Laa Imagaa auivantaa ont 4t* raproduitaa avac la plua grand aoin, compta tanu da la condition at da la nattat* da l'axamplaira filmi, at an conformity avac las conditions du contrat da fllmaga. Las axamplairaa originaux dont la couvartura an paplar aat ImprimAa aont filmte an commandant par la pramiar plat at an tarminant soit par la darniira paga qui comporta una amprainta d'imprassion ou d'illustration, aolt par la sacond plat, aalon la caa. Toua laa autraa axamplairaa originaux aont flimte an comman9ant par la pramiAra paga qui comporta una amprainta d'impraaaion ou d'llluatration at Bti tarminant par la darnlAra paga qui comporta una talla amprainta. Tha laat racordad frama on aach microflcha shall contain tha aymbol -^ (moaning "CON- TINUED "), or tha aymbol ▼ (maaning "END"), whichavar appliaa. Un daa aymbolaa auivanta apparaltra sur la darnMra imaga da chaqua microflcha, salon la cas: la aymboia — ► signifia "A SUIVRE". la symbols ▼ aignifia "FIN". IVIaps, platas. charts, stc, may ba filmad at diffarant raduction ratioa. Thoaa too larga to ba antiraly includad In ona axpoaura ara filmad baginning in tha uppar laft hand cornar, iaft to right and top to bottom, as many framas aa raquirad. Tha following diagrama liluatrata tha mathod: Las cartas, pianchaa, tablaaux, ate, pauvant Atra filmte A das taux da reduction diffArants. Lorsqua la documant aat trop grand pour Atre raproduit an un saul cllchA, il aat film* A partir da I'angia supAriaur gaucha, da gaucha A droita. at da haut an baa, an pranant la nombra d'Imagaa nteaaaaira. Laa diagrammas suivants illustrant la mAthoda. ifrata to Pfllura, D 1 2 3 1 2 3 4 5 6 and iRveslimeRfe G®. (INCOBPORATED.) HEAD office: 51 YONGE ST., TORONTO. AUTHORIZED CAPITAL, . $50,000,000. C. H. A. WILLIAMS, - - President. ISjJI JAMES H. MITCHELL, - - Secretary. A. J. JAQKSON, - - General Manager. §onTh of %vxi»Uts : J. J. WITHROW, Esq., - Chairman. President. Toronto Industrial Exhibition Ass'n. V/M. BADENACH, Esq. HON. JOSEPH E. MACDOUGALL. WM. & E. A. BADENACH. MACDONELL & SCOTT. (H C.I JAU A.J JN( Canadian IBufuaf £oan anJ) (INCORPORATED.) C. H. A WILLIAMS, - - President. JAMES H MITCHELL, - - Secretary. A. J. JACKSON, - - General Manager. JNO. J. WITHROW. Esq., - Chairman. President Toronto Industrial Exhibition Aas'Si WM. BADENACH, Esq. HON. JOSEPH E. MACDOUGALL. ^ttbitors : WM. & E. A. BADENACH. (Solicitors : MACDONELL & SCOTT. Jfyositorg : STANDARD BANK OF CANADA. Srposrtorj} of JJoan ^nrib anb (Securities : THE TRUSTS CORPORATION OF ONTARIO. Canadian Mutual Loan AND Investment Company. INTRODUCTION. Btttore presenting the claims of the Canadian Mutual Loan and Investment Company to the public, we desire to call attention to this popular method of accumulating a fund or paying for a home by regular and stated deposits. These companies had their origin in 1782 on the eastern continent, and have for the past century been in successful operation in Germany, France, Italy and Great Britain. To-day there are in Eng- land not less than 2,400 Building and Loan Asso- ciations with a total membership of over 550,000, aggregating over $275,000,000 of assets. The total receipts of the Birkbeck, which was started in 1851, have reached the enormous sum of $545,- 000,000 up to December 31st, 1888. Their advantages were soon recognized and they rapidly became popular. Philadelphia, Pennsylvania, over fifty-eight years ago organized the first association in America, where over 100,000 homes have been built through the efforts of Building and Loan Associations of that city. The State of Pennsyl- vania has over 900 associations. And in Indiana, Ohio, Illinois, Minnesota, New Jersey, Western New York, and in other states, West and South, they have been universally successful. The first company in Canada was organized in 1852. For several years the business was con- ducted upon what is known as the " terminating plan," and progress was necessarily slow. During the past ten years improvements in the methods IAN Iadian Lblio, )thod leby of operation have been made from time to time, until to-day the Canadian companies have a nation- al reputation. There are at present from six to seven thousand savings and loan associations in the United States, all in successful operation, and possessing the con- fidence of the community, and it is estimated that there are from two to three hundred different companies in Canada. All Have Stood the Test of Time. No financial upheaval ever disturbs their pro- gress and solidity, when strictly co-operative. They are not charitable organizations; yet in practice they are brotherhoods. While the con- tracts are exacting, they are at the same time equit- able. It is a partnership in which ALL are equal, and every individual right is respected. They are not inimical to savings banks, and they are helpful to every community wherever they obtain a foot- hold. They do for the investor and the borrower what no other banking system or individual can do. Under this system, with a monthly saving, placed in a common fund, the poor and the rich alike will reap abundant rewards on the maturity of the shares. Gafiadian Mataal Lean and InvestrrieFit GernpanY- OBJECTS A. PLAN OF OPERATION The objects of this Company are: First. To assist each member to accumulate a fund from his earnings, by requiring him to make small monthly deposits. By loaning these accumu- lations, secured by first mortgages on real estate, with installments of principal and interest, payable monthly, the Company is enabled to return to the member at a stated period, the amount of his deposits with a much larger rate of interest than he can obtain from any other safe investment. Second. To araist sach of its members as desire to buy a home or pay o£f an encunbrance, by loaning them money and permitting them to return it in small monthly installments, at a rate of interest which will be found lower than the legal rate. There are therefore two classes of share- holders: Invettort and Borrowers. Let US first call the attention of the reader to the INVESTING FEATURES. It is much easier for every man to save when there is more or less compulsion attached to it than when he is governed solely by the impulse of the momenb. He realizes the necessity of laying by a portion of his income — while he has one — to pro- vide for future contingencies, and perhaps acts upon this resolution by placing a small sum in a savings bank. But the sum is never increased, and sooner or later is drawn out and used to satisfy some trifling desire, and the object of the resolution is lost. This object is only accom- plished through the aid of a Mutual Loan and In- vestment Company, which requires of the member a stated deposit at regular intervals. The amount may vary according to the income of the member, but no matter how small, it is laid by each month until it assumes propoitions astonishing to the member, and he is at a loss to know how it was accumulated. Nevertheless he has a starter and is loud with praises of the system that has enabled him to obtain it. The habit of laying aside a small sum each month has become so fixed upon him that the pleasure of the saving succeeds the reluctance with which the first deposits were made. The cost of a share is 91 membership fee, and 60 cents monthly dues. Maturity value of a share is 9100, and estimated limit of maturity is 7 years. Monthly payments of 93 will yield 9500 on maturity of shares. A saving of 20 cents a day invested here will in- sure 91.000 in 7 years. No membsr can hold more than 200 shares. This is the best system ever devised for (Enforced savings. There is no safe investment more profitable. Ol P ei b I 8 — 5— It oombines absolute seoority with the greatest profits. With the best security it is more profitable than Qovernment Bonds. No assessments can be made on either shares or shareholders. Women as well as children can become mem- bers. Our system is based on the highest principles of equity and fairness. Saving money, like saving time, must be done systematically to be effective. There need be no forfeitures, as withdrawals are permitted after one year, on 30 days notice. The mortgages from borrowers are to the Com- panv and are not negotiable. This Company does not deal in real estate, or engage in any speculation. The business of the Company is conducted by business men on business principles. Illustpation ShowiitfiT Ppofits to Shapeholdeps as Investops. Num- ber of Shares. Member ship Fee. Daily S'vings Pay'ble M'n'hly Total Cost in 7 Years. Profit. Cash Value at Maturity 1 a 8 4 5 10 15 ao 85 50 100 aoo $ 1.03 $ .02 $ 51.40 2.00 .04 102.80 8.00 .06 154.20 4.00 .08 205.60 5.00 .10 257.00 10.00 .20 614.00 15.00 .30 771.00 ao.oo .40 1028.00 25.00 .60 1286.00 60.00 1.00 2570.00 100.00 2.00 5140.00 200.00 1 4.00 10280.00 > 48.60 97.20 146.80 194.40 243.00 486.00 729.00 972.00 1215.00 2130.00 4860.00 9723.00 $ 100.00 201.00 300.00 4)0.00 503.00 1000.00 15(10.00 2X)0.0i 25UO.O0 5000.00 10000.00 20000.00 To obtain a practical idea of the working of the Company let us make an application fori^ten shares. We will find the Agent or Local Board of the Company, make our wants known and be furnished with an application, which we will fill out and hand the Agent, with the membership fee of 91 per share. This will be forwarded to the Head Office, where it will be acted upon and a — 6— oertifioate of ten shares, or $1,000 returned to ui. This certificate constitutes the applicant a member of the Company and requires him to deposit with the Company $6, on or before the first Tuesday of each month. If these payments are promptly made the Company agrees to pay the holder the sum of 91,000. Let us assume that we have laid by the sum of 96 each month for seven years and made our pay* ments regularly to the Company and received the amount of our certificate. What profit have we derived ? We have paid in Monthly installments, 84 months $ S04.00 Membershipfee, 10 shares 10.00 Total amount paid the Company $ 014.00 Profit upon our deposit 486.00 Beceivedfrom Company $1,000.00 We deposited $6 per month, the last 96 being in the Company but one month, making the average time of inveitment three and one half years for 9614, realizing a profit of 9486 for the three and a half years, or at the rate of 22 and a fraction per cent, per annum. This is a larger rate of interest than can be realized from any other reliable invest* ment. While we have been saving 96 per month, and scarcely missed it from our income, it has earned us the handsome sum of 9486. Many times members wish to pay their dues in advance. To such members the Company offers a special rate or discount of 5 per cent, per annum on all advance payments of monthly installments for 6 months or more for the average time of such advance. $60 Prepaid Stock. INTEREST BEARING 6 PER CENT. Prepaid Stock of the par value of 9100 will be sold at 950 per share. To members investing in this way a dividend of 6 per cent, per annum will be paid on the price paid for the stock until ma- turity. 9500 cash pays for 91.000 of our Prepaid Interest Bearing Stock. This gives you 980 annually until the maturity of your stock, or 9240 besides doubling your money in about 8 years. t^ oi S( wl ft< Si ir oi ol m \h di C( OI w id to ui. member «it with »day of romptly Ider the sum of )ur pay* ved the lave we » 804.00 10.00 I S14.00 486.00 ll.OOMO eing in kvorage ara for ) and a on per iterest invest- nonth, it has uesin offers ments ire for rill be ng in nwill 1 ma- epaid 980 9240 H. — 7— This stock is liable for no further dues or assess- ments, and is payable at maturity, and in the same manner as Installment Stock. This stock may be withdrawn at any time after two years on 30 days notice, together with one-lialf of the accrued earnings, or may be transferred or sold at any time. Membership Fee on all stock one dollar a share, which must accompany the application. $40 Prepaid Stock. To persons desirous of making all their pa3r- ments at once the Company will issue special certi- ficates of Prepaid Stock of the par value of 9100. Said Prepaid Stock shall be sold for 940 per share in advance, and shall be liable for no further dues or assessments, and shall be payable at maturity of and in the same manner as ordinary Install- ment Shares of the same date. This stock may be withdrawn at any time after two years on 30 days notice. The holder on withdrawal of this stock shall re- ceive the amount paid for the stock together with one-half of the accrued earnings of said stock. Membership Fee on all stock one dollar a share, which must accompany the application. REASONS WHY The Canadian Mutual Loan and Investment Company is Safer tlian a Bank. The officers of the Company are each and all responsible and capable business men, who con- duct the affairs of the Company on business prin- ciples, and give it their personal attention. Each and all of the Officers handling the money of the Company are Bonded, and every possible safeguard is thrown around the money to secure shareholders. The money paid into the Company is daily deposited with our Depository, the Standard Bank of Canada. The money belonging to the Loan Fund is with- drawn monthly by the Treasurer from the Deposi- — 8— tory, and deposited with the Trusts Corporation of Ontario, as Trustee of the Loan Fund, and is only drawn from the Trustee on a check signed by the Secretary, General Manager, and two of the Board of Trustees, after resolution of the Board,and for the sole purpose of making loans and redeeming shares. There are no preferred shareholders in this Company, as all members stand on the sr.me plane. Every member is secured by First Mortgages on approved real estate, given by the borrowers, which are taken in the name of the Company and are not negotiable. The money that is drawn from the Loan Fund is invested in First Mortgages on approved real estate at a carefully appraised valuation, not to exceed 75 per cent, of its cash value; or loaned to iembers on their unpledged Certificates of Shares, i to exceed 90 per cent, of their withdrawal lue. These loans are made as rapidly as the Loan Fund supplies the means. The question is frequently asked, why this Com- pany will not be able to mature its shares in five or six years as promised by some other Building and Loin Associations? The reason is obvious. This Company has no protective or death install- ments whereby they can make any number of assessments necessary to mature the shares at a stated time. Neither sL.^xcd nor shareholders are assessable. If shareholders were assessable, the same forced system could be adopted in making assessments upon them, and maturing the shares in six, five, three, or even two years. The shares are matured by the punctual pay- ment of the monthly dues, and the careful and constant investment of the Loan Fund of the Com- pany. The investment and re-investment of in- terest and fines as soon as received, enables the Company to compound the interest twelve times annually. By careful calculation the phares of the Com- pany can be matured within seven years. The plan adopted by the Canadian Mutual Loan AND Investment Company is not only absolutely safe, but very plain and simple, showing the exact amount which every member will be required to pay in monthly installments during the specified time of maturity. mo- tion of is only by the Board for the hares, this plane, jeson which kre not BORROWING FCATURC. Each member of the Company if entitltd to ft loan of 9100 for each share held by him, MCttr«d by a first mortgage npon real estate. Tho t«rttis of the mortgage require the borrowing mtniUitf to pay to the Company monthly, in addition to th« monthly installments, 50 cents interest and 40 c«tits premium for each $100 borrowed until maturity of shares. These monthly installments art loatiid as fast as received, consequently the inttrectt and 5remium are compounded twelve timet a y«ar/ ?he borrowing member is also given the betitftt of this rapid compounding, and notwithstanding the fact that his interest and premium amount to 10 4/5 per cent, the average cost of bis loan ii bot 3 4/5 per cent. The amount paid to the Company on a loan of ten shares or 1^1,000, is as foUowi ; Monthly installment at $6 per month for i)#v#n years , $604,90 Interest at $5 per month for seven yeRrs,,,,,,.,,,. » 4fl0 lOOOM Cost of loan for seven years ,,..„. ,.,„.„.{1) $ Q/JO,00 Cost of loan of $1,000 for one year ...,...,,„„ # IM7.60 monthly. A loan of $1,000 can be repaid in 7 year i by pay^ ment of $15.00 monthly. Loans may be repaid after two years on 80 days notice to the Secretary. . A National Company can always plaoe its loans without loss of time. All members are on the same equalityi and the interest is uniform. Only Membeps can B«ooiii« Boppoweps, With the advantages to an investor It is never oppressive to the borrower. It helps him to a hoffle, if a borrower, and yields him a handsome eompe« tency as an investing shareholder. No assessments can be made by the Company on either the shares or the shareholders. There are no preferred shareholders, and every member has an equal voice in the management. The Company assists its members to build or purchase homes. The profits are apportioned equally among all the shareholders, and, unlike most loeal assooia* tions, who put up all moneys for loan to the hi|^' est bidder, the Canadian has a fixed interest. By that means the borrower and investor 6an eonnt to a certainty what the loan and investment will cost. And a near approximation can be made as to the maximum time when the loan and invest' ment will mature. TpansfePB and Withdrawato. Any shareholder may assign bis 66:rtifieat# of m- 5 of -11— sharetii upon application to the Secretary and the payment of a transfer fee of one dollar. Ordinary Stock. — At any time after one year from the date of the shareholder's certificate, he may surrender the same to the Company for can- cellation, and receive the amount of the monthly installnients actually paid into the loan fund, to- gether with one-hall of the profits credited to his shares. Prepaid stock may be withdrawn at any time after two years from date of certificate, together with one -half of the accrued earnings credited to said shares. The investment is one of the safest that can be made — safer than any bank deposit and much more profitable. Any person who will take the trouble to investigate can satisfy himself beyond a question. These companies were never known to fail; failure is as near an impossibility as anything can be, owing, not only to the safeguards the laws throw around them, but from their method of doing business. The money as fast as received is loaned only upon First Mortgage real estate, the foundation of all security. • No large amount re- mains for any length of time in the hands of any officer. No money can be used in speculation in stocks or any other securities, a practice that usually results in the failure of our banks. All moneys received by the Company must be loaned on real estate security. All officers entrusted with money are required to furnish bonds to secure the Company for any sum that may pass through their hands. Local Boards. The travelling representatives of the Company are authorized to form in each city or town a Branch or Local Board, consisting of five or more persons, from whom is chosen a President, Vice- President, Secretary-Treasurer, Solicitor and a Valuator, each of whom shall serve until his suc- cessor is elected or appointed. The President and Vice President shall perform the duties usually devolving upon such officers. The Secretary-Treasurer shall receipt the mem- bers' passbooks, and shall keep an accurate ao- count of the monthly payments of each member. He shall enter each payment in the roll book, and make a report of the same to the Head Office on or before the first Thursday following each regular meeting, on blanks furnished for that purpose. The Solicitor shall attend to the preparation of all papers for securing loans under the direction of the Solicitors at the Head Office, and shall examine and certify to the title of all real estate mortgaged to the Company by any member of his Branch. The Valuators shall appraise all property offered as security for loans in his district, said valuators may be three members of the Board or a regular authorized valuator. In case of a vacancy in any office, the same may be filled by the members of the Local Board by ballot. Every officer and member of the Local Board shall be a shareholder in the Company, holding not less than five shares. The jurisdiction of each Local Board extends to the city or town in which it is organized. To the Local Board a charter is issued authoriz- ing it to transact the business of the Company in its locality. This Board receive all applications for shares; the regular payments on the shares are collected from the members by the Secretary- Treasurer and by him forwarded to the Head Office of the Company. Applications for loans are received by the Local Board, and after being passed upon by it are reported to the General Office of the Company for adoption or rejection. If accepted they are reported back to the Local Board for completion. All the business of the locality is transacted by the Local Board in nearly the same manner as would prevail in a local organization. The monthly accumulation of a single Local Board is, perhaps, small, but the aggregate of a large num- ber of these Boards furnishes a fund that will supply rapidly the demands of the borrowing member. A single branch would require months to accumulate sufficient to make a moderate- sized loan, but through the direction of the Head Office the accumulation of all the branches is utilized for this purpose, and the business moves on without delay. If there is not sufficient funds in any —13- locality to supply the demand of the borrowers, the defLoiency is supplied by the Head Office. The main source of profit in Loan and Invest- ment Companies is the rapid compounding of the interest. It is the pohcy of these companies to loan all the money as fast as received; conse- quently where the payments are made monthly the interest and premium are compounded twelve times annually, and the larger the sum com- pounded the greater the profit is to the company. Hence it is that a company doing business on this plan, having a larger fund invested, can obtain better results than a company confined to a small field. This Company is organized upon a purely mutual plan whereby the members reap all the benefits of this great system of co-operation ; to set the public mind to work upon the subject ; to teach its members how to accumulate a fund for future use ; how to buy a home or pay an incumbrance with small monthly savings. No similar institution in the country is organ- ized on a more substantial and conservative basis. Unlike many companies of the same class, it does notpromise results that are beyond the range of possi- bilities, but aims to treat all members with fair- ness and equity. Experience has shown that it is only necessary to secure an intelligent investigation of this system of teaching economy, thrift and the accumulation of wealth, to increase the number of Loan and Investment Company shareholders. The benefits derived by the individual, the family, the town and the country are innumerable, and by honest and careful investigation can be easily appreciated. This system of cooperative saving is to-day commanding general respect and appreciation throughout the country, and it only remains for the people to choose from the many plans of operation the one that will best conserve their individual interests. —14— PRACTICAL BENEFITS TO BE DERIVED BY HOLDING SHARES IN THIS COMPANY. TO PAY A MORTGAGE. I have a house and lot upon which there is a mortgage ol $600, for which I have heen paying interest at the rate of 6 per cent, per annum for ten years. I have resolved to pay at least a part of the principal many times, but could always find some other use for the money, and so have neglected it. The interest I have paid amounts to more than half the principal sum. I will join the Canadian Mutual Loan and Investment Co., take six shares and pay off the mortgage. My mortgage to the Company will require a payment of $9.00 each month for a period of seven years, when my accounts will stand as follows : Paid in monthly installments, 81 months $ 302 . 40 Interest 26S.00 Premium 201.60 Membership fee 6.00 Total paid to Company $ 762.00 Amount received from Company 600.00 Cost of loan for seven years (7) $ 162.00 Cost of loan for one year $ 28.14 Or at the rate of 3 4/5 per cent. To Buy a Home. I am paying 920 a month for the house I occupy ; have paid this sum regularly to my landlord every month for ten years. . I figure up and find that I have paid my landlord $2,400. This is all the place is worth. I can buy it for that amount. What can I do with this Company ? I can make an agreement whereby I can continue to occupy the place, and by adding a trifle more to my monthly payments in seven years own the place my- self, and instead of putting the money in my land- lord's pocket I will put it in a home which I will own. I have in bank $1,000. I will borrow from the Company fourteen shares, upon which I will 1302.40 252.00 •201.60 6.00 —15— pay 921.00 per month, $1 .00 more than I now pay for rent. I will take my 91,000 and the 91,400 1 obtain from the Company, pay it to my landlord, get my deed, give the Company a mortgage to secure the monthly payments, and in seven years I will own the place free from incumbrance. If I had not had 91,000 to pay upon the place what could I have done? Perhaps by paying my landlord the 91,400 I obtain from the Company he would take a second mortgage for 91*000, 1 could pay him interest upon this until I had reduced the Company's mortgage sufficient to obtain enough more to pay him off— or in case this would not be satisfactory to him, I would take shares and de- posit with the Company until I had accumulated 91,000. To Build a House. I have a lot worth 91,000 and want to build my- self a house worth 92,000. I will make a contract with my builder and agree to pay him a certain percentage when the house is under roof, and the balance when it is completed. When the house is enclosed I will apply to the Company for an ad- vancement sufficient to pay my contractor his first installment, and when the building is finished will obtain the balance. These examples are given to show the readers how to practically apply the advantages offered by this Company. As a SlnkinfiT Fund. The Company may be utilized as a Sinking Fund by persons owing debts. Real estate owners having their property encumbered by Mortgages or otherwise, can provide for the payment of those obligations by holding shares of the Company whose maturity value will equal the debt. For instance, a man having a Mortgage on his property of 91,000 bearing a low rate of interest and running for several years, the Mortgagor can provide for its liquidation by taking ten shares of the Company. These will cost him 9514, as fol- lows : Membership Fee on ten shares $ 10 Monthly dues, $6 for eighty-four montbs 504 Total payment $614 —16— These ten shares, on maturity, will realize the 91*000, with which the Mortgage can he released, and on the payment of only 9514, and these pay- ments to he made in monthly installments of 96 each. Again, a person wishes to horrow 9^.000 on Mortgage. He finds that he can obtain the money from a iBank or an individual, at a low rate of in- terest. By taking twenty shares in the Company he will make provision for taking up the Mortgage, by establishing a sinking fund, and with the monthly payment to the Company of 912, at the end of seven years his twenty shares will amount to the requisite 92,000, with whioh he oan pay ofif the Mortgage. The great difficulty with most people is the iMans or opportunity of forming a sinking fund. The Company is the means at hand, where small payments can be made monthly and accumulate rapidly. These monthly payments are placed at good interest, and realize for the shareholders, who use the Company as a sinking fund, a profit nearly doubling these monthly payments during the maturity of the shares. Shares of this Company are the best possible collaterals to meet future payments. How and to Whom to Pay. All membership fees may be paid to the person receiving the application. If you do not receive your certificate within thirty days from the date of your application, inform the Head Office. Monthly installments of dues, interest, premiums and fines may be paid to the Local Secretary- Treasurer, or sent to the Secretary at the Head Office, by post office orders, express orders, drafts or registered letters, and the Secretary will send receipt by return mail. No representative or agent of this Company has power to waive or alter any of the conditions or provisions contained in the certificate of shares. No person except the Secretary and General Manager has power to give any receipt for money that will bind this Company, and the Company will not be responsible for any debts contracted by —17— snv person claiming to represent this Company, unless he shall have express aathority from the Secretary or General Manager. For further particulars address the Canadian Mutual Loan and Investment Co., 42 Church St., Toronto, Ont. TTTlxsr has Blxovkld. Toiaa. THE CANADIAN MUTUAL LOAN AND INVESTMENT COMPANY. The experience of the Officers and Directors in Loan and Investment Companies enables them to present in this Company the best and most equi- table plan of operation for borrower and depositor obtainable. In most Building Societies a premium ranging from ten to fifty per cent, is deducted from the face value of the share, requiring the borrower to make a mortgage for and pay interest upon an amount much larger than he receives. The Canadian Mutual Loan and Investment Company gives to each borrower the full par value of his shares. He makes a mortgage only for the amount he receives. His premium is paid monthly at the rate of forty cents per share. This plan ought to appeal particularly to members who build to sell again. After one year a member can borrow 90 per cent, of the withdrawal value of his shares without giving mortgage security. Hundreds of instances can be given in this country of merchants and land holders who secured their first start in a loan and investment oompa. »y. WHY I BELIEVE IN Loan and Investment Companies. Because I found that a penny saved was a penny gained ; that the three dollars I was paying away every week in rent, paid instead to a loan company was in a sense three dollars in my pocket. Because through their agency I purchased a home which has since greatly increased in value, and is a fair inheritance to leave to my children. Because as an investor it has been my experi- ence to have my subscriptions, after paying in for a few years, returned to me almost doubled in amount. Because I am certain that fche rapid progress and generally flourishing condition of this country is largely due to the habits of economy and in- dustry fostered by such institutions. Because of the incalculable misery and destitu- tion they have warded off from the homes of the industrial classes. Because their tendency is to cut down class distinctions, and to put man with man, the rich and poor, more upon a level. Money paid to a wealthy landlord makes him richer and the tenant poorer. Because their existence is necessary to the public welfare, as is evidenced by the enormous business they transact. Because the expenses of management are as small as is compatible with the safe condvct of business. Because, though founded comparatively recently, and in a humble manner, they have made such mighty strides that their ramifications now extend all over the globe. Because of the thousand advantages offered which are peculiar to themselves and cannot con- sequently be found elsewhere. Because they are built upon a solid basis, and all profits realized are distributed among those who, in one way or another, have banded together and assisted in their formation. Because, as a depositor, I receive a higher rate of interest and far more convenient terms than would be obtained from other financial institutions. —19— Because the publication of their returns and balance sheets is required by their rules, and when submitted to the judgment of the public, have to pass throufih the ordeal of being examined, among others, by keen and disinterested men of business. By this and other means is secured that stability wnich has ever been one of their distinguishing features. Finally, because they help those who help them- selves. They have helped me, and if required, and you properly avail yourself of their assistance, will undoubtedly assist you. A man, if he know not how to save as he gets, may, in the language of the old proverb, '* keep his nose all his life to the grindstone, and die not worth a groat at last.*' Industry alone is not sufficient. It loses half its value if unattended by a wise frugality. The ob- ject of loan companies is to unite the two. INVESTMENTS. SALIENT "POINTERS" TO CAREFUL INVESTORS. INVEST TOUB MONEY IN THE CANADIAN MU- TUAL LOAN AND INVESTMENT COMPANY. Where you have an equal voice in the manage- ment. Where the details of the business are in the hands of competent men. Where members receive all the profits which their deposits may earn. Where the expenses of management are limited to a minimum per share. Where there is a complete mutuality of interest. Where your money is loaned only on Beal Estate secured by First Mortgages, or on certifi- cates of unpledged shares. Where the loan fund is held in trust by a pro- minent Trust Company and can only be with- drawn on the signatures of the Secretary, General Manager and two of the Board of Trustees. —20— Where good businesB management is guaranteed and secured by the oommeroial standing and finan* oial responsibility of its Board of Directors. Whicn has a system that has stood the test of practical experience. Where a member receives the highest rates of interest. Where the interest on the accretions is com- pounded monthly. Where you can withdraw your money paid into the Loan Fund at any time after one year, on BO days notice with one-half of the profits credited to your shares. By taking 10 shares, which calls for a saving of only TWENTY CENTS a day, $1000 will be pay- able in cash on maturity of shares. If you have a mortgage on your property, you can provide for its payment by taking shares in the Company whose maturity value will equal the amount of the mortgage. There are no better collaterals to secure the payment of debts than shares of this Company. teed nan- Btof BS of oom- into >n 80 ed to ngof pay. nave lefor pany nt of Bklsto I this DEPOSITORY : The Sthndard Bank OF CHNflDH. CAPITAL PAID UP, RESERVE FUND, $1,000,000.00 $460,000.00 W. F. COWAN, Esq., President. J. L. BRODIE, EfeQ , Cashier. ^ CUSTODIAN OF LOAN FUND AND SECURITIES: THE Trusts Corporation i . */ OF ONTHRIO. CAPITAL,!; - $1,000,000.00 I Hon. J. C. AIKINS, r. S., PitEsiDENT. A. S. PLUMMER, Esq., Manageu.