BOND CIRCULARS 345 



DIRECTORS AND OFFICERS. 



William Price, M. P., Quebec. President of the Company, 

 Vice-President, Union Bank of Canada. 



Geo. H. Thomson, Quebec, Vice-President of the Com- 

 pany. Director, Union Bank of Canada. 



Edward G. Price, London. Director, Price & Pierce, 

 Limited. 



Wm. S. Hofstra, New York. Director, Diamond Match 

 Company. 



Ion Hamilton Benn, M. P., London, Director, Price & 

 Pierce, Limited, Director, Canadian Car and Foundry 

 Company, Limited. 



Gustavus G. Stuart. K. C, Quebec, Director, Quebec 

 Bank. 



H. S. Holt, Montreal, President, Royal Bank of Canada, 

 Montreal Light. Heat and Power Company. 



Granger Farwell. Chicago. President. Farwell Trust 

 Company. 



James Redmond. Montreal. Director, Royal Bank of 

 Canada. 



Henry E. Price. Quebec. Secretary-Treasurer of the 

 Company. 



HEAD OFFICE— Quebec Canada. 



BANKERS— Bank of Montreal. Union Bank of Canada. 



TRUSTEES— Montreal Trust Company. 



TRUSTEE FOR SINKING FUND— Trustees. Executors & 

 Securities Insurance Corporation. Limited. 



AUDITORS— Messrs. Creak, Gushing & Hodgson. C. A., Mon- 

 treal. Messrs. Geo. A. Touche & Company, London. 

 England. 



ROYAL SECURITIES CORPORATION. LIMITED. 



164 St. .lames Street, Montreal. 



Toronto Halifax. Quebec. London, England. 



Subscriptions will be received, in behalf of Royal Securities 



Corporation. Ltd., by 



FARWELL TRUST COMPANY, 



226 LaSalle Street, 



Chicago. 



EXHIBIT NO. 2. 



McCOY & COMPANY, 10-5 S. LaSalle St., Chicago. 



GUARANTEED FIRST MORTGAGE TIMBER LAND 



BONDS. 

 An issue of Short Time First Mortgage Bonds which are 

 the direct obligation of one of the largest timber- 



