HomeMy WebLinkAboutThe Lucknow Sentinel, 1947-11-27, Page 5•
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NOV411 27th 1941\N
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H ' WCI N0111' 'SENTINEL, l:tlOT NOW, ONTARIO .
1UPPLEMBI I..
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HISBILLIO ��`R
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H•O is k STORY
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Everywhere in Canada ; in villages, towns,";metro.
politan centres you tan . find them.
They are: the : eo ae 1,5oo OQb. s .rot .�'—
.Y p p � t. :� in; r,•.
. � . . every -walk
of life who are building their 'futures `and doing their day -to
day iiinancing..by saving or borrowing at the Bank of Montreal.
Every member of this B of .M family has a
hand in building the resources of the Bank, whip
he builds his own future. These resources, which
amount to nearly two billion dollars, exist ` almost entirely
because of.. the balances these,p pl arslow..yountllc'i..
M,
_uY a uapn ent an paY Is':men, : 7 'T�.
Here are the dollars, that enable ;the
B of M passbooks.,
This money does not., stand. idle
for the building of, the nation, .
Here,°is the moneythat i'na •es' the .-..
k the,.
of commerce turn' . 'that helps the farpier
.garner,his crops . that helps the lun bemoan
.. it works constantly
Bank to make more than 500 personal '
loans every business day of the •
year to' men and women'who need;inoney
to meet emergencies. and take
advantageofopportunities. .•.
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Here is the, credit that provides, thousands of business enter-
prises .-- .f ron the. largest company to." the smallest one man
show -; - with • the ready' money they need to buy . raw materials'
for manufacture, to pay wages while awaiting returns from
the sale of finishedgoods, and to carry out plans for expansion.
To citizens, on salaries . to farmers with seasonal incomes •
• to merchants, manufacturers, and businessmen
-in.:even worthwhile line. of . endeavour . to muni-
'cipalities school boards and governments to:.
churches; . hoS itals- and: -a11 -=types °-of public–institutions
hundreds of millions of dollars are 'being lent by B of`M•:
crlanagers. at more' than 500 ,branches'.from the Atlanticto the
Pacific _
These mullions of ,transactions add `up to a 'billion -dollar`'
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story that makes interesting reading.{,- not so much on account
of the fi . ures involved; . but because of • the ; human 'stories'
behind them.,
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For 130 years Canadians have put their trust
in the B of M: Never in that time has the
Bank• failed to .repay a :dollarleft in its
care . never has it failed to open for
/% business on a single banking day.
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'7WH14THE 9 of M HAS TO MEET ITS: OBIJOATIONS
(91STI: The B,of M bas cash in its vaults and money' •
oil deposit with the Bank. of • Canada amounting td .
MONEY in the form of notes of, cheques on, ''a
deposits 'with other: banks. 4:.
INVESTMENTS: The B of M.: hasclose to one billion
dollars :invested in. high-grade government . bonds .,
and other public: securities,: which have a ready mar ,.
k'et Listedotrthie Bankes books.ata figure rot gr""eater';
than their market value,: they amount to•
; ...
TheB•of M haS Other bonds, debentures and
'stocks; representing to some 'extent the; extension ofr r;
.credit.to•indi/strial enterprises for reconverSion:;and 1•Pir4)1
• •uo8 caitisauut F
'p sgni, ac{ &tuo fl M .aou „
° 1stss8 apes;no SttV ' jpanut uoo .fir
''seotga' st Oojoept... ;tiasa:zd ' at,l;'.
• • •d3iu>es o3 trxn3oa aana 0; .atcitssod:
-Ant aq TIT* 3t a iatt ti 'uotteutui
1i61,1 Is;ej 0111 2uttioeoacdde ..;sej
eatOtt; pue 'Ut ;tag . leoID ut
asaot>t, pti8 asxotn, 1404 titM suotl.
`45*Qa a"tnu tit 3tt saa''ItM put
'r3snWcz.::'�ap f3�e ' tte tions jaduto5
b; s1dU.1011 ;re.pue buy "tut ut%l;
Ingstr►iM dtto sr 'poi uotutuon att;
..to; ' i ttl M dir.x union : jjt & uaw
• 3Bq;: ptte 4gst jas Ajlua. oqur sr aim
-3su ttau lit leg;' �r Num, �tto)aax
.01 1TB saIdtotit.rd 9,tlsrtoioos asatt
pa se goon • ase ; ';o 'tib ;ui•Tt)t1.
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203,696,837.69
136,768,245.65
057,8.88,826,81
WIIAT. THE71 of M, AWES .TO OTHERS:•:
DEPOSITS; While many.business firms, manufacturers'
merchants, farmers and people in, everytype: of
,•»„ness..•have large deposits with the B thebulk
of the moneyon deposit with„the Bank is the savings
of Imre than a million prorate citizens: The total.
of all deposits is ... . , i.
BANK NOTES:B of IM bills in''c'irculation, . which' ares •
payable on presentation, amount to;
OTHER' LIABIt.ITIES 1ldliscellaneous 'items, 'represent-
ing -Mainly* commitments'Aundertaken bythe-Bank
on, behalf of customers in their foreign and domestic
trade' transactions.
3. .
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$1,783,441,64741'•
4783,548.00
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29,100,538.78
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GRplitin MIAMI NI/Of .
esottm:, ..year
01.4 scle Wad .01
dri-AnorrO; Jesoyo e. tie
eq molls sotii• ,
ptu
TUR u urn
4.11e_ TeetS Was
. that years later ariother, party
nude. a death -bed eonfeSsion to
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ucknow