IMAGE EVALUATION TEST TARGET (MT-3) % »ti^ .V^ ^^ n^ 1.0 11.25 ViKA |2.5 150 ^^™ II^H ^ i^ 12.2 Z m I.I I "^ H^ ^lU '/^ <« *>; '/ #^ Hiotographic Sdences Corporation 23 WEST MAIN STREET WEBSTER, N.Y. 14S80 (716) 872-4503 ^v CIHM/ICMH Microfiche Series. CIHIVl/ICMH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques Technical and Bibliographic Notas/Notat tachniquas at bibliographiquaa Tha Inttituta haa attamptad to obtain tha baat original copy availabia for filming. Faaturaa of thia copy which may ba bibliographically uniqua, which may altar any of tha imagaa in tha raproduction, or which may tignificantly changa tha usual mathod of filming, ara chaclcad balow. Colourad covara/ Couvartura da coulaur I I Covara damagad/ D Couvartura andommagte Covara rastorad and/or laminatad/ Couvartura raataur6a at/ou palliculAa j I Covar titia miasing/ □ D D La titra da couvartura manqua Colourad maps/ Cartas gtegraphiquaa an coulaur □ Colourad inic (i.a. othar than blua or black)/ Encra da coulaur (i.a. autra qua blaua ou noira) |~n Colourad platas and/or illustrations/ Planchas at/ou illuatrations an coulaur Bound with othar matarial/ Rali6 avac d'autras documanta Tight binding may causa shadows or distortion along intarior margin/ La reliura sarrie paut causar da I'ombra ou da la distortion la long da la marga intAriaura Blank laavas addad during raatoration may appaar within tha taxt. Whanavar poaaibia, thaaa hava baan omittad from filming/ II sa paut qua cartainas pagaa blanchas ajoutAaa lorr d'una rastauration apparaiasant dans la taxta, mais, lorsqua cala 4tait possibia, cas pagas n'ont pas At6 filmtas. Additional commants:/ Commantairas supplAmantairas: L'institut a microfilm^ la maillaur axamplaira qu'il lui a tt§ poaaibia da aa procurar. Laa dAtaiia da cat axamplaira qui aont paut-Atra uniquaa du point da vua bibliographiqua, qui pauvant modifiar una imaga raproduita, ou qui pauvant axigar una modification dana la mAthoda normala da filmaga aont indiquAa ci-daaaoua. r~| Colourad pagaa/ D D D D D This itam is filmad at tha raduction ratio chackad balow/ Ca document ast fiimi au taux da reduction indiquA ci-dassous. Pagaa da coulaur Pagas damaged/ Pagaa andommagAas Pages restored and/oi Pagas reataurtea at/ou pelliculAea Pages diacolourad, stained or foxe( Pages dAcoiortea, tachattea ou piques I — I Pages damaged/ [~n Pages restored and/or laminated/ r~yt Pages diacolourad, stained or foxed/ Pages detached/ Pagas d^tachias Showthrough/ Transparence Quality of print varies/ Quality InAgaia de I'impreaaion Includea auppiamentary material/ Comprend du materiel supplimentaire Only edition available/ Seule Mition diaponibia Pages wholly or partially obscured by errata slips, tissues, etc., have been refilmed to enaura the best possible image/ Lea pagaa totaiament ou partieliement obscurcies par un feuillet d'errata, una peiure, etc., ont At* filmtea A nouveau de fa9on A obtanir la meilleure image possible. 10X 14X 18X 22X 26X 30X y 12X 16X 20X MX 28X 32X The copy filmed here has been reproduced thanks to the generosity of: National Library of Canada L'exemplaire filmd fut reproduit grSce d la g6n6rosit6 de: Bibliothdque nationaF^ du Canada The images appearing here are the best quality possible considering the condition and legibility of the original copy and in keeping with the filming contract specifications. Original copies in printed paper covers are filmed beginning with the front cover and erding on the last page with a printed or illustrated impres- sion, or the back cover when appropriate. All other original copies are filmed beginning on the first page with a printed or illustrated impres- sion, and ending on the last page with a printed or illustrated impression. The last recorded frame on each microfiche shall contain the symbol -^(meaning "CON- TINUED"), or the symbol V (meaning "END"), whichever applies. Maps, plates, charts, etc., may be filmed at different reduction ratios. Those too large to be entirely included in one exposure are filmed beginning in the upper left hand corner, left to right and top to bottom, as many frames as required. The following diagrams illustrate the method: Les images suivantes ont 6t6 reproduites avec le plus grand soin, compte tenu de la condition et de la nettet6 de l'exemplaire film«, et en conformity avec les conditions du contrat de filmage. Les exemplaires originaux dont la couverture en papier est imprim6e sont film6s en commenpant par le premier plat et en terminant soit par la dernidre page qui comporte une empreinte d'impression ou d'illustration. soit par le second plat, selon le cas. Tous les autres exemplaires origiriaux sont film6s en commenpant par la premidre page qui comporte une empreinte d'impression ou d'illustration et en terminant par la dernidre page qui comporte une telle empreinte. Un des symboles suivants apparaitra sur la dernidre image de cheque microfiche, selon le cas: le symbols — »► signifie "A SUIVRE ", le symbols V signifie "FIN". Les cartes, planches, tableaux, etc.. peuvent §tre film6s d des taux de reduction diffdrents. Lorsque le document est trop grand pour dtre reproduit en un seul clich6. 11 est filmd d partir de I'angle sup6rieur gauche, de gauche d droite, et de haut en bas. en prenant le nombre d'images n^cessaire. Les diagrammes suivants illustrent la m^thode. 1 2 3 1 2 3 4 5 6 FREE ENTRANCE. FREE WITHDRAWAL. DIRECTORS AND OFFICERS. PRESIDENT: MAJOR J. A. CARLAW, Late Cashier G. T. R. 1ST Vice-President : MR. J. T. SCOTT, Barrister-at-Law. 2nd Vice-President : MR. DANIEL ROSE, Printer and Publisher. MANAGER : f MR. W. J. HAMBLY, Late Chairman Toronto Public School Board. ) SECRETARY: MR. E. W. D. BUTLER, Financial Agent. ' SOLICITORS : MESSRS. SCOTT & SCOTT. NO FINES. HEAD OFFICE :-CORNER CHURCH AND ADELAIDE STREETSi TOROISTTO- * ^ *t NO FORFEITURES. { V ). Stock matures when the payments thereon, plus accredited profits, equal its face value. It is impossible to fix definitely a maturity period, as the profits may fluctuate ; but basing the estimate on the fact that all loans are placed at a fixed rate of In- terest and Premium (payable monthly) and that other sources of profit will materially augment the Earnings, Instalment Stock should mature within the period designated. At such time f maturity value of Stock be not realized, it can, at the option of the holder, be redeemed at its attained value (full amount of dues paid thereon, plus full profits accredited thereto) or held by him until maturity. Maturity Based On Fixed EARNINGS. AT FIXED Member!: are advised that not only does liability for further payment PAYM ENTS of dues ceaiC at the payment of the amount per share hetein quoted, but LIABILITY at such payments the Certificate becomes Dividend- Bearing, and the holder CEASES. will receive [semi-annually in cash) dividend thereon at the rate of 6 per cent, per annum, thus providing an income from the investment, besides STOCK. realizing a large additional profit p?r share at Maturity. Prepayment DIVIDEND- of dues for several months or years will hasten Maturity of Stock, as BEARING AT dividends are credited to each Certificate annually for the average OPTION. investment thereof CLiASS B STOCK Monthly Dues are 60 cents a share, payable for icx) months ($60 a share)< ILLUSTRATION Showing cost and profit of 20 shares : Cash received at maturity < $2000 1.00 monthly payments of $12.00 1200 A profit of '. $ 800 In this class applications will not be accepted for less than two shares, except in case of Loans. CliASS C STOCK Moathly Dues are 30 cents a share, payable for 150 months ($45 a share). ILLUSTRATION Showing cost and profit of 20 shares : Cash received at maturity $2000 150 monthly payments of $6.00 900 A profit ol $1100 In this class applications will not be accepicd lor less than three shares, except in case of Loans. CliASS D— Prepaid stock $50 per sf^are In this class $50 cash, in advance, is accepted in lieu of all instalments, and a Prepaid Slock Certificate is issued, attacheeing enhanced by the monthly payments on Loans ; thii minimizing the liability to sustain loss. , WITHDRAWALS Instalment Stock, (Classes B and C), in good standing, may l)e withdrawn at any time after thirty-six months, upon giving thirty days notice in writing, when the holder shall receive ihe Full Amount paid with dividend at the rate of five per cent, per annum for the average tinie invested, exclusive of first six months the Stock was in force. WITHDRAWAL Members who through adverse circumstances find themselves unablt- CERTIFICATES to continue the payments of dues on Stock for three years, may after DIVIDEND twelve monthly payments have been made apply for and receive a BEARING. Withdrawal Certificate for full amount paid in, payable at the ex- piration of maturity period, together with dividend at the rate of five per cent, per annum. If not properly restricted, withdrawals would prove adverse to the welfare of the Asso- ciation, hence the necessity of extending the Full BiiNEFiis of the system to I'I'^ksisi knt 9 Members. It is the aim to defer a member from withdrawing until his payments haM 1 een invested tor a sufficient period to yield an equitable profit ; if the member's circumstances should require him to raise money, he could, without jeopardizing his interests, secure a Stock Loan, or, if he so desire, reduce iiis Certificate as hereinafter outlined. '. Cass D, Prepaid Stock. Holders of this Stock may withdraw at any time after five years from the date of ♦heir Certificates the net cost of their Stock, and after ten years the net cost of their Stock, together with all profits, less the annual dividend at 6% received by iheni. Class E, Permanent Siock, is not withdrawable, but transferable in the ordinary manner. SUSPENSION CERTIFICATE CREDIT If a member is unable to pay dues at any time through sickness or EXTENDED AT loss of employment, or other unfavorable conditions, he can receive a REQUEST. Suspension Certificate for a period not exceeding twelve months, allow- ing him to resume payments after his cir ^umstances improve. No dues are charged pending resumption of payments. EQUITY Borrowers will be charged ten per cent, on the arrears of interest PRESERVED, and premium. REDUCTION OF INSTALMENT STOCK A member may reduce his payments by surrendering his Certificate after twelve monthly payments have been made ; he will receive a new one for a smaller number of shares not less than half originally held, bearing the credit of the original Certificate. A surrender fee of 50 cents per share will be charged on each oringinal share subscribed. TRANSFERS Stock can be transferred at any time, if unpledged, by the payment of one dollar transfer fee, but the transferee must sign the required application for the Stock, assuming the obli- gations of a member. Full credit, including dividends, will accompany the purchase of a Certificate. LOANS -Real Estate A borrowing member is required to hold one share for each $100 of his indebtedness. An intending borrower ©n depositing with the Asso- ciation the sum of $10, may submit his application for the loan. He will be promptly advised as to the amount the Association will loan on »he security offered, and,- if not acceptable, his deposit will be relumed to him, less the cost of appraisal. Stop Paying Rent. *i Loans are granted in their regular order, and cannot be promised by any one within any fixed time ; definite information can only be secured from the Head Office. All costs incident to the loan must be paid by the borrower. The amount due the Association must be paid in monthly instalments as specified below: loo Monthly Payments : . Dues 6oc. Premium 40c. Interest 50c. ' A total of $1.50 per month for each $100 borrowed. 150 Monthly Payments: Dues 30c. Premium • 40c. Interest S^c. t A total of $1.20 per month for each $100 l)orrowed. ■ COST OF A LOAN OF $1000 IN CLASS B 100 monthly payments of $15.00 each $1500 Amount borrovvefl 1000 Actual cost (6%) for 8>^ years $ 500 COST OF A LOAN OF $1000 IN CLASS C 150 monthly payments of $12.00 each $1800 Amount borrowed looo Actual cost (6 2-5%) for 12^ years $ Soo These payments must be guaranteed by first mortgage on real estate, and be continued for the number of months designated. By joining the Association a few years in advance of intended purchase, the amount accumulated will take the place of the margin always required. «ii! STOCK LOANS Holders of Stock may borrow an amount not exceeding 80 per cent, of the withdrawal value of their shares by assigning their Certificate to the Association as collateral, on such terms and conditions as may be agreed upon by the Board of Directors. Obtaining a Stock Loan does not surrender membership, nor detract from the investment in any way . ADVANCE PAYMENTS Advance payments cf dues, interest, or premium on vStock, may be made for a period of six months or longer, and a discount will be allowed at the rate of 5 per cent pet annum. ECONOMY Fixed The management is restricted under the Articles of the Association Expenses. and By-Laws to the use of a maximum amount per share for expenses, precluding any possibility of the profits being wrongfully diverted. I LOCAL BOARDS In order to facilitate the business, and secure conservative appraisals, authority is given to establish Local Boards in progressive communities at the request ot five or more members of the Association resident in such localities. Organization may be effected by election of a Pre sident, v.ne or more Vice-Presidents, Secretary- Treasurer, Solicitor, Valuator and Directors, subject to the rules and regulations of the Ass iciation. Special Organizers are authorized to act for such purpose. Each branch thus formed is enabled to secure loan? to the extent^of the money invested by its members, who thus reap the advantages of being connected with other localities through the medium of the Association ; supply and demand being more nearly adjusted under this system. POWERS OF AGENTS All Agents of the Association will be given a commission of authority signed by, the President and Managing Director, and the seal of the Association attached. The powers granted such Agents are set forth therein, and any acts of the Agents so commissioned, which are authorized by the provisions thereof, will be binding upon the Association, but ony promises or rets not authorized by such commission will not be recognized. 15 ' , ■ Agents are not authorized to collect or receive faymenti on Pre-paid or Permanent Stock, or dues on Instalment Stock, except two first monthly payments ; nor to make, alter, cancel or waive contract forms, to change terms or conditions of same, promise loans, or to borrow money or contract hills on the credit of the Association, or to bind the Association in any way without official authority in writing. REMITTANCES To the Head Office must be made payable to The Canadian Savings, Loan and BuiLDixG Association, and not to any of the Directors. Post Office Money Orders are the cheapest and most convenient method for remitting small amounts. INFORMATION Further information will be cheerfully given on application to the Head Office or the Agent in your district. 6 — 97—10 M. tJ t6 •I r a^-