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Tax Free in New Hampshire, Vermont, Massachusetts and Connecticut

CENTRAL POWER AND LIGHT COMPANY

(A Massachusetts Corporation)

7% CUMULATIVE PREFERRED

PAR VALUE $100

Preferred as to Assets and Divdends

All outstanding Preferred Stock Callable on any dividend payment date at 105 and accrued dividend or on any part thereof at 110 and accrued dividend upon 30 days' written notice.

Dividends Payable Quarterly, Feb., May, Aug. and Nov. 15th The Equitable Trust Company of New York, Registrar and Transfer Agent

CAPITALIZATION

(As of August 31, 1921 giving effect to recent financing and acquisition
of 11 properties)

7% Cumulative Preferred Stock

Common Stock ...

Secured 7% Notes, Due 1921-1930

First Mortgage and Prior Lien 6% Bonds *In hands of public.

Years Ending Dec. 31, 1920 Aug. 31, 1921

Oct. 31, 1921

Dec. 31, 1921

EARNINGS STATEMENT

Gross

1.837.401

1.960.924

1.977.054

2,015,275

Authorized

$1,500,000

1,000,000 1,067,500 5,000,000

Net

404,124

491,489

519,992

547,560

ESTABLISHED 1896

20 AMHERST STREET

Outstanding* $ 713,008

866,300 1,067,500 1,886,000

SALIENT FEATURES

PROPERTY VALUE approximately $5 887 000-after deducting par value bonds and notes outstanding valuation remaining is nearly three times the amount of Preferred Stock outstanding.

TEL. 952

Gross

22%

25%

26%

27%

EARNINGS over FIVE TIMES Preferred Stock requirements.

Net Earnings (after bond and note interest) must be two and one-half times dividend requirements if additional stock is issued.

Properties located in the rapidly growing states of Texas, Missouri, Oklahoma and Arkansas, serving a total population of over 155.000.

Very experienced and able management, with record of successful operation.

PRICE $87.50 and Accrued Dividend to Yield 8%.

ALONZO ELLIOTT & COMPANY

INVESTMENT BANKERS

INCORPORATED 1909

MANCHESTER, N. H.

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BOOK

BARGAINS

20 Vols. new cloth-bound fiction; list price, $30; our price $10. Complete set, N. H. Legislative Manuals, 1889 to 1921, $25. N. H. Notables (Metcalf: 1919) list price $5; our price $2.

Write us about any New Hampshire book you wish. We may have it at an attractive price.

ADDRESS P. O. BOX 423, CONCORD, N. H.

Life and Accident Insurance
United in One Policy

THIS substantial New Hampshire institution, officered and directed by New Hampshire men, operating under the direct supervision of the New Hampshire Insurance Department, subject to the rigid requirements of the New Hampshire insurance law, furnishes a combination of life and accident insurance in one policy which cannot be duplicated by any other company doing business in this state. Why should New Hampshire people look elsewhere?

What we do for one premium and in one policy:

$5,000.00, death from any cause.

$10,000.00, death from any accident.

$15,000.00, death from certain specified accidents.

$50.00 per week for total disability resulting from accident. Every dollar of the policyholder's interest as represented by the reserves calculated by the Insurance Department, on deposit with the State of New Hampshire.

A Splendid Opportunity for Successful Agents

UNITED LIFE AND ACCIDENT INSURANCE COMPANY UNITED LIFE BUILDING, CONCORD, N. H.

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