. The Varsity war supplement 1916. s of theInternational NickelCompany issued£10,300,000 in bondsand £18,000,000 in pre-ferred and commonstock. It took theCanadian Copper Com-pany from 1885 to 1894to feel at liberty topay 8%, at the rate of1% a year; but Inter-national Company bond-holders and preferredholders have never re-gretted two and three-tenths per cent, dis-tributed per year bythe Canadian CopperCompany, covering theinitial probationary tenyears, is dwarfed by theprofits shared by those whose faith, efficiency and nerve induced them to retain InternationalCompany s
. The Varsity war supplement 1916. s of theInternational NickelCompany issued£10,300,000 in bondsand £18,000,000 in pre-ferred and commonstock. It took theCanadian Copper Com-pany from 1885 to 1894to feel at liberty topay 8%, at the rate of1% a year; but Inter-national Company bond-holders and preferredholders have never re-gretted two and three-tenths per cent, dis-tributed per year bythe Canadian CopperCompany, covering theinitial probationary tenyears, is dwarfed by theprofits shared by those whose faith, efficiency and nerve induced them to retain InternationalCompany securities. Common stockholders were handsomely rewardedfor their patience. They were on the waiting list until 1910; butbonus shares, rights, splitting of their shares, and dividends of late,leave no heartburnings. Earnings have advanced from £1,118,417,in 1903, the year following the incorporation of the International NickelCompany as the holding company, to £14,340,966 for the year ended March31, 1916, this being the record:. The Companys well-equipped Hospital Years. Total Net Earnings Years Income. Income. On Common. Surplus. 1916 £14,340,966 £13,470,106 £1,781,720 1915 7,230,760 6,713,387 309,377 1914 6,566,787 6,128,975 454,759 1913 6,929,106 6,386,799 * 994,501 1912 5,088,965 4,866,412 903,789 1911 5,256,938 5,028,874 2,432,074 1910 3,348,681 3,144,734 1,044,805 1909 2,162,693 2,023,301 470,671 1908 2,434,952 2,285,369 790,000 1907 2,853,649 2,689,463 1,254,769 1906 2,104,739 2,005,531 754,760 1905 1,434,104 1,171,356 668,093 1904 1,103,341 . 854,039 341,102 1903 1,118,417 1,009,392 559,148 *In 1913 the Common Stock was increased to , 500, issued. In March last theissued Common Stock was {41,834,600, all of the bonds having been retired in 1913The Preferrred Issue has continued stationary at $8,912,600, and there are no fixed charges. fThis applies to the Earnings on the Preferred in 1903,
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