HomeMy WebLinkAboutThe Lucknow Sentinel, 1945-11-29, Page 6E
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The.Lucknow Sentinel, ,Lucknow, ;Ontar, fo
MANY' HOG PRODUCERS
•REGISTE. R AND VOTE
During • the, , 'Past •couple of •'
• :weeks wherever farmers met in
any numbers, .advantage has. been,
•taken„"to have hog •producers -reg=
;• ister and vote on the new hbg
marketing; 'plan
At Dungannon on . MbndaY ' of
• last week a joint .meeting; 'Was.
held Sponsored 'bY the Federa
tions'.. "of Agriculture' in Asli'field
arid • 'West. W aw'anosh.' Cecil ;John
Ston was chairman and Charles.
Coultes, Belgraire and Beat Lobb;
Godericb Township, were speak-
er.s. .
".Bain Stewart, ,agricultural• rep-
resentative••'was present and was
assisted b3>!.-. W •A •-Stewart- ins red
`ceiving registrations, with about
150producers registering, many
'of whom cast ballots...1\U. Stew-
art was also present at the recep-
K`obrid e 'Last Wednes,
tion, at. 1_ng g,.
day and- at, the• Ashfield' nomina-
•tlo i' •meeting pn: Saturday• when
more ' votes Were cast.
There are' some. 4,000 hog; pro-
ducers in Huron. County and a.
two-thirds vote' must favor the:
new scheme before it can, be.
adopted.; •
AS'HEIEL.D
• :Mr. John Cowan„, Sr„ .celebrat-
ed his 91st birthday' on November
22nd. Congratulations.
While returning home • one
night last week
Mr.,•R. A. Grant's
k‘.\\§"... s".` V
•TO A: AIPIL/ON CRSAuPdNS'
{
• y
THVRS,,. NOVEMBER1.901#
car ' went out of controlStr b*
he ditch. 1Vf r, Grant had .a•. cut on
t
his. head which 'requtreed s1? teen
.;�i'tchesR .
A . social 'evening • was held in
the Presbyterian church. on .Mon-
.daJC ,Dr. Rhoad was chairman for
ap rograiz of :solos, readings, a
trio' and community singing and.
violin seiecticns after which Mr
Donald and Miss Mary MacLean
secial Lusts, were
wiit2. *were p b °
called to: the front., Mrs.
MacLean read an address and Mr.
B, A..' MacDonald presented'
Don,:
ald with -.a,: chair.. Mrs, D•, R, Ma, ,.
Kenzie read an ,address on behalf
of the W.MS, and 1V s•, D'. %1a ct;
, prosei ted:' Mary with a founta ih •
pen and a 'bo•uquet of •t nuns, suit;
_able_zeplie ..WeV,e ..made, a it'd`
lunch followed,
•
GrEORGE ENIMERTON who
•:been. 'in the 'dry *goods. b. usit;r,,, 3 •
in ' Ripley for 50 years has :;,;!d
out .'to' the .Remington Brothi: s
of Kincardine;'
La
•
More " than a -million Cana-
i n Money
d a s. keep their mon y safe
• .at ' the .B of M. ,Each; of the :
Bank's 1,400,090 • deposit''•;
accounts is an expression of
trust in' this 128 -year-old :+
institution The money • on'';.
•ileo srt, ,'totalling' $.1,613,=,
000,000;•is•being constantly'.
.
employed Lor the frna ctal
needs,of'th' . nation, ofbusi-
e_
ness, and: of citizens .in every.
w = cva1lcof:lite
•
Business firms and priy.ate•
citizens' fronx:, the• Atlantic to •
the;P'acific have,. during• the.
nd r and
r • `orrowed a e
Year,: b p
Y
many.millions ofdollars from
the B, ,of M. Now standing.
at $220,000,000, tthe,-Bank's
loans. oil the wheels; of com=
merce and industry,— speed .;
their expansion create
ePnployment.. 7., . 'and”.help.
Canadians' in their ,:personal
day to day financing
•
Wel(overtone' hundred thou-
sand 'i ndiv dual 'Canadia•ns
lumbers an'd :.ostinen, truck
P
drivers and trainmen; doctors
and''dentists business 'men
dent t , bust ss
and business women, turned
to,.the-of.hLduring, the last '.
twelye•mionths for a•Personal ..
Loan when:extra:,money was
• .advantage neede' d •to take t se of
an • opportunity . or meet an
`emergenc'y. Ninety-four ped
outs) f, ryhtu dred;.wh_ i
• • ' � asked for. monex got it.
•
Y•
'I`a b s �?i'tu niark-eter$ps, : , d Iii—finasrerrlg—_..thc;._needs f
toimprove their ,arms
grain growers, :cattle.,.and
poultry raiser's,'fruit...gri WerS.•
'
and fur breeders—fanners rn
'every line ,of, agriculture
• borrow•;at` he,B of•M, Money
m • rov✓• •riot=
whtcls• :farmers .bot
bn1y,. brings comfisrt and 'p os=
perity, ,to: 'agricultural com-
inanities, ,blit, 'by e'nabling'.,;
. farme'rs;ttt produce more, con•
tributes to the prospecity and 7 .
welfare of the:wholenation. •
•
fiovernti�crirand-o£ G�usi- ecs;::;:
the ,•Bask shares heay.ily'' by;
investment in government
and a
deben
Other bonds and
• tures. Throughout the
war
these investments •hi e' in
• creased •tremendously• •.-and
today;;'•they 'amount 'to.' well
•over.•a. biLik,n dollars. mThe
•ajority of; these 'are' gilt -
edge securities,.tnatuting at
earl .`.`dates and'' are readily
,
arket ble.
• � ,: res• _._ _"• .. •. ,
`RESOURCES WHICH THE ;B of M HAS TO MEET ITS OBLIGATIONS: ` WHAT THE:: B of M OWES . TO OTHERS:
•
farmers an
.: DEPOSITS?. Business ,firms . manufacturers;. merchants;
CASH - .. The -B of M has•casliIn its vaults and moneyon.depoStt:.
d-
•
with the'Bantc'of Canada amountin to`; 161,907,191.42."
private citizens, ` numbering wRl l .,Over 'a'. million, have • money On.'.:,
g .09.5
depos ,f with„the B,of M.IThese'deposits; amount id 11,613,428,7 , 6
dNElr1he form :of no es..of; chegtreron aTrd deposits with `l 7 bi1Ts in,ctrcu7atto wli►.c are a a e
A .. DOTES. 130 r P X. .
„other nks .a. able on de>;nand•or. at shirt atotice�) s' ., .: 1 4,063 2'$0 42. 6
(P Y a t
•
presentation, amount to•
`kN'VESTIk1ENTS: The: B .of:MM has well over ;one:billion• dollars m=
%%cited' in high=grade government' bonds and other secnritiest Which
lave areAdy market. The majority, of them will be paid • in 4111 at..,
i!rly. dates: •Listed'on.'the: Bank's books at a' Jhgnre not greater •than
th:r.-i •:nirrke value; they' amount. to
STOC 4. of 'industrial and other, companiesa :stualk
of 'the .tza:l;k s lit, l'dings '(actually; only l/ of '1%' o( all. its invest
1nents)..Vaiued,at•no more than, the .market price,: they amount to•
CALL LOANS: ;:The' B of'M has call•.loans. (loans 'payable: on.
demand) .`ch wh -are Weil"pro•tested--by--quickly saleable secttrtttes.
_
These loans atnount to; .
1,117,694,002.86'
333,993.69
60,417,165,5i.
OTHER ;L'1AB1LITIES:• Miscel'ianeous'iterns,,`representing mainly,
commitments, undertaken on behalf of customers in their. foreign 'and,;
domestic trade transactions, totalling $16,895,8;2758.' .
17;114o,05.99
TOTAL OF, WHAT THE. of M•OWES•�� I
TS
DEPOSITORS'TO
S`
•'•
,637,192 386-05— -
• TO PAY' ALL, IT OWES,;; THE B of NI` HAS ' TOTAL' RE=
SOURCES, AS SHOWN ON TI.1E LEFT SIDE OF 'THIS STATE,
1�LENT, AMOUNTING TO - i,715,934,320.49 •
WHICH MEANS THAT ; THE B of M HAS RESjOYJ'RCES, .. .
ABOVE W13AT' IT:OWES; AMOUNTING'TO '''.T1-4-.-:-.78,741,94.44
3. • .
OVER AND , •,
,UI T ee v This' ure`of $78,741,934,44 is made.up ofMoney subscribed yt es creno
,,. QUICKL1' . ASAI LAitE RESOURtI:S. The regourCes ltsted,ab8ve; • � � :: ; �:�g been'.
. all that who ownr. the Bank. and; • to some extent, of Profits which", have from' time to . time
a h cover. '8
44 oof
kl cd into cash, %
all of which can qua y.bz,trt'rn n �.
the Bank owes • to its depositors 'and others'. These.. "quick 'assets" ,ploughed back into 'the business to broaden: the Bank's services.
,t
11
+l:
}
•
a
ii5
ci
•
>,
•
amount to•
LOANS:. 'During the, year, millions' of dollars have, been 'lo'aned to;
g
farmers,'to fishermen ,— to .'citizens in all'walks of
• business firms, to I�
life and to Provincial and Murncipal,',GoVernn'Ients and School Dis-
'tricts. 'These loins now amount •.to
$ANK .)lustootiGsi In hamlets, vi11'ages;•towns and•,1 ge cities •
1 m coa t to coast'the .B,' of M••'serves •its customers at 4 0, offices.
roF,
' The value76f the`buildtngs owned; by'the Bank; toget cr• with frit-
nitute and equipment, is shown on 'its 'books at i''^ ` r 14'
•
OI HER .ASSETS: ' These chiefly represent 'liabilities of .custpi ters
for commttinetlts:'made bby the Bank on their behalf; covering foreign
and domestic trade' tran$acti0 s, totalling. $16,895,827:58:.. 20,772,125.2•6
Z)10715,934,320.49
„$•1,464,326,243.90 -
PROFIT$:: After making provision for 'contingencies, ;and after
3;iding $579,840.48 for depreciation of .Bank,•. premises,,•furniture'
•�, and equipment, the B of M reports a: profit for the twelve months
•'o October 31st 1945 of.. ' :220.264 341.1
'I'axei•uner theIncome, dIome. and ExcessPruhts Taxes`Acts:ate estimated at,
•
•
Leaving a net profit of
Of this amount, shareholders ( paid. dividends pit the rate -of "60 cents •
a year for each $10 -share of the Bank)received or »,ill. receive .
•
Thus, the, -net amount to he added to the. balance of profits from.."
previous years' operations is • •
•
10,571,610.18
• I`Z's. OBLIGATIONS
R.1LI
•
Balanc.e:Th the Profit and joss' Account at' October 31st, 1944,.
amounted to. `.. , .
Leaving the h'lanee to this account at October 31st, 1945, at
•
�>~OftGE .\w; SPIT 1 X President
.IT
ANA.'D
•
• . ••
ten
C.• CrAl Dt'4EII, Gehera1111ana er '
$5,719,681.58"_ r
2,785,(1(•10.0 ►.
, _S2,934 681:58'
2,160,000 0(.):'...
$ 774 681,58
2'441„'N821.32,
'83,188,502.90 °
•
•:-' •ter
7.
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