The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1923-03-01

enable us to make the year 1923 a splendid
one from the standpoint of earnings.
OF Modest capitalization
Though many advisers suggested a
considerably larger authorized capital, we
decided after careful figuring to stick to
our general policy of 1.-THE smallest
practicable capitalization - and keep it
that way" Small capitalization, so long
larger returns to the shareholders.
With assured sources of ample crude sup
plies, eliminating necessity for overly-large
cash reserves for buying and storing crude
far in advance of actual month to month
needs, We have provided amply in the pres
ent authorized capital for the cost of con-
structing the plant Of the very best ma
terials and workmanship in every particu-
lar to the last detail of stills, boilers, agi-
~tators, rundown tanks, storage tanks, tail
house, condenser, loading racks, pipes, pipe
fittings, pumps, pump-house, laboratory
room, offices, garage for trucks, warehouse
for compounding plant, mixing kettles,
brick, lumber and labor-everything essen
tial, and a fair allowance for additional
costs or extras that could not be antici-
pated; plus a reasonably substantial work
ing capital.
Finances Well Under Way
There will be no large expense for fin
bonuses of free stock issued; the only cost
being for announcements and a limited
amount of printing and postage, etc.
"While a considerable amount of the
f5Ao4O &C hdo DCCh oPOhOA " OC1OlC we
prepare this statement, shares are offered
for general public subscription in reason
ably moderate lots with the view to wide
of ownership; the only two
reservations being that, first, we reserve
the right to allot or cut down the number
of shares subscribed by any one indivi-
second, one-half of the shares offer
ed are reserved for subscription exclusive
ly by shareholders in the Sunburst Oil &
Gas company or associated companies. All
shares will be sold at par, 81 per share,
and subscribers wishing to pay for shares
Liberty Bonds, Savings Certificates,
etc, will receive credit for same only at
their net market value. Subscriptions may
be made by payment of only part in cash
at time of subscription, but balances must
be paid during the months of March,
April n May.
Stevenson Interests Control
I'm order to allay all fears as to future
control, we wish to state
again distinctly that the control of the
company will be subscribed and held
lmong the interests now associated direct
y In and controlling the Sunburst Oil &
and allied Royalties companies.
10 temper expectations to reason, we
to state that the Sunburst Refining
company does not expect to cause any rise
or crude oil, nor to effect any lowering
the prices prevailing from time to time
or refinery products; we are just going to
'xtract and distribute to shareholders
80 Poooiuic uohdr u pIo1it tHdL we can
between the two-between the price of a
'arrel OF crude and the highest price OBJ
ainable for the refined products therefrom.
THE profit from refining a barrel of
rude is not the fabulous amount claimed
y .get-rich-quick promoters, but it is
mple to satisfy any shareholder in a re-
inery competently planned, economically
efficiently operated, and the
roduct we'll sold.
ITO those Who become interested with
8 in the Sunburst Refining Company, we
romfse the satisfaction Of ownership in
n institution Of which they may be proud,
profits enough to crafty all their
easonable expectations"