HomeMy WebLinkAboutClinton News-Record, 1957-11-28, Page 3e..
A SPECIAL MESSAGE TO CUSTOMERS OP T,141is11
��. A•�, NOT' tWMIR 28, 1$57
CLOWN M=4/
VISITING OVERTHS HOLIDAYS
Gp'CNA=-,thestere,,the: pomfortableway.Nomattrr where
you're going, whether Toulre travelling solo or with your
famriy _you.can make your now
.
Saowf1 ed ,skies
e .
or icy roads 441 make dee .diff, erence yoti'ii get where.
• you want :to ;go, and you'll :enjoy every relaxing minute of
'your trip. •
,Insure your tholiila y -furs lans---b., makingyour CNR
ervation new! Check ,too the mone •savinatures of
▪ es n e.money,saving
out iamily.iiare Plan, Ask about CNR Gift Certificates, ileal
for holiday ,giving!
elort ttickets•andinformation contact your toga!
' iCaaadian National, representative.
Exery year, more and more people who
,are going `visiting.over the Christmas
$eason •go
Between
you and meet ,
and niy bank
IPi hiarn Morrolt•, Manager
Clinton Branch
Bunk Of Montreal
Even fair a banker, figures can
be pretty cold things by themselves. I .always find
that you have to look beyond then before you
can get a true picture, of what they really represent
•of what they mean in terms of people like you
and me =- and bur :endeavours.
Take my bank's annual report for 1957, For instance.
The two -and -a -half billion dollars shown on deposit is
quite an impressive figure. But what's behind it
what does it represent?
The answer amounts to this: it represents the
money you have saved through your own industry
and thrift money which we use to finance enter-
prises of every size and description .. , to help
farmers,, fishermen, businessmen, store -keepers,
schools, churches and industries to prosper and
grow.
In short, it is your money that's helping buiid.a
stronger, more prosperous Canada. Every dollar you
save at my bank plays an important role in the story
of our country's --- and out community's — growth.
It's a role all of us can be proud of --- you and I
.. and my bank.
The 8 of M's 140th Anniversary Report covers
the widespread operations of Canada's senior finan•
elal institution for the year ended October 31st,
1957. Froin its wealth of facts and figures I've
picked out three of the most significant features o£
the Bank's,annual story. They are the life -blood of
Canada's economy.
• °MY BANIl"
ro, MM[ION. tomos
Highlights of the 0 of M's
140th Annual Report •
DEPOSITS amount to $2,632,251,291, well over 'half of which is
the personal savings of Canadians in all walks _of life. The re-
mainder is money deposited by business firms, institutions and
.governments. The bulk of this money is hard at work in the
form of loans to people and businesses of all types:
LOANS, at $1,437,636,447, establish a new record. The 13 of le's
loans in Canada -- the highest in its history— are Helping every
branch of the Canadian economy to prosper, Large and smalls
they have been made to business and industrial enterprises o£
all kinds --- to farmers, fishermen, oilmen, miners, lumbermen
• and ranchers •--• td citizens of every catling, to provincial and
municipal governments and school districts,
tNVE5TMENtS higlegrade goverement 'bonds amounted to
$6ra7,13S,040. This motley helped to iinanre mmny important
government projects, designed for everyone's benefit, Other
securities held by'tke Bank -•- which include a diversified list of
high-qualky short -terra ledtistr1al issues — bought total invest'•
meats to $872,675,309,
BANK Or MONTREAL
etufaea 94a Viud
MORE THAN 700 BRANeHte AditieSe CANADA
ironing with 'Chnatlzans iii every teak of We spree )$17
17
f'ACxz T
pundlors
Account of 'ear's ,Services
With the acelat•natien received
at Monday night's etexe inatiert
meeting, ,Mayor W. Miller will
enter his third Consecutive year as
Mayor of the Tow Of q n'tou, It
is iivg seeoad aeclaratson, The fire
at yearwas Won as, a result of an
election in which he defeated the
incumbent Mayor M, J. ,Agnew,
e$leeetking
to the le1eetoa's' on Mon,
;day ziight! .Mr, Miller eoixrinented
oil the fact that Ile had :allpreciat-.
ed • the ,ec-operation received from
etieegounce, ,and thanked ,the lopes
for • the fair coverage received
throughout the year,
AS a f the Mid Wes.
member D
tern. Ontario Development Assoc.
iation, he had .been part of a dele-
gation to Toronto to an .audience
with the Minister of Iiealth with
regard, to the iplacemen'f sof a child'-
ren's hosiptal. in the county. Hirt
commended Tom Fryde, MLA,
VX-
eter for the work he had done in
this regard, and stated that their
Soni~ had peen etrienccessful, since
the hospital had :been located in
the .south of the province. •
"Small towns, Are not getting
their fair share of houses;' stated
the mayor, ,"A town has to have
A population of 5,000 to be eligi-
hie for Federal aid in getting new
homes 'built, and that's ,not a fair
thing."
Re remarked emcee the number
of hours spent by the couneil in
answering cornplaintS of one, kind
or 'another, mentioning particular-
ly the damage to tree roots, and
to the good looks ' of the main
street currently being dome by the
Bell Telephone Company, but stet -
ed that with the "Bell" firmly es-
tafblished here, creating work' for
numbers of people, as, well as pay-
• ing heavily towards. taxes; there
was nothing to be done but accept
the disadvantages, too, He said he
expected the street would be put
hack as well as Possible.
Mayor Miller spoke in praise .ef
the clerk, John Livermore, saying,
"He is very sincere in his work," .
In appreciation of the various
service- clubs; Mayor Miller spoke
especially of the arena and the
swimming peal. He said, "The
press has, been after- us; asking that
we start- something, so that they
could .put in the paper, but. the
truth of it is that we have a for-
tuns ate town, With good services,;
water, sewerage, etc.,, a good -fire
department eand all such, and really
there is, not too much that could
be •started," He Mentioned the
possibility. that East Street, going
past Sherlock 1V1anr ing Piano Co.
Limited teethe new school, might
possibly be taken over as a cut-
off street by the Department of
Highways, and in that case, this
"worst street in town" would be
improved considerably. - '
Reeve Burton W. Staatley -
Monday's acclamation is a "first"
for Burton Stanley. It will be,
however, his third year as reeve of
Clinton. will do," said the reeve .appreeiale
welt',
Deputy Reeve N, 4'V'. Tr•ewaatttu
Going into his nth year at
County' Couneil, Deputy Reeve
NeIsonWTrewarthadeclared
that next fail tie job
wou. id be e
"free for 411," "There shoul' defin•
itely be some of the present
Ci1 po
en-
e ber mitring upinto, �oun-
ter council next yea? " be said.
"That's a bigbusness, handling 14
millions a year, We have men in
Clinton, able to tape their place at
County Council with any of the
men up there. "
In his address to, the ratepayers,
Mr; Stanley surntxied up- the accaxn-
piishments .of the Public Works
Departrnent for the past three
Years. "In 1954," he said; "the
dump Cost $x,780 to operates Sine
ee then post bee been $400 a year,
making a saving of $1,384 each
e e° c ired an -
:other
year, Also we., , hav a u
other "hole" to use- for ,dumping,
We are fortunate in this, Other
towns - have to !toll -doze out
dumps;"
"We have purchased a grader,
and have oibtained ' a central
g
ar
-
areg etei"thae1I per9euci prteMnta sseFi-rhsta wies
Coznrnenting o
n finances,
ie
mentioned that the $$0,000 de.sn-.
building on Albert Street, and then ture cost of the CDC( original
bought a building on . ames Street building had been completely paid
for $6,500 'Which gives us one roof off this year,. Also that the Celle -
under *Mich the town equipmenteey had only, two years to go to
can be kept, repaired,And worked complete the paying for the new
over; Using the grader for snow- Court Nouse, x.ocal taxes, had
plowing, we were able to sell the been slightly reduced, with, resi-
snowplow equipment, used on the dential rate down from 74 to 70,
truck, for $1,450. and the business rate staying at
7e, He commented, "Our town in
in goad shape.
• Mentioning the County Rome,
"We've surfaced the Main Street
sidewalks, paved "IC"ing Street and
put one new sidewalk along it;
laid 8,000 tile and put in several Mr. Trewartha noted that this
catch basins; repaired Mary Street year the farm - had shown a profit
draitc; installed pond at park to .of $1,691.95, and had proved it
hold water surplus there until it would pay its way. At the home
could drain away without flooding; are 96 residents, 55 of them get
have reconstructed Princess and the old age pension, and of this
Rattenbury. Streets ready for each one gets $5 to spend a month,
black -topping in 1958; hope to pave "One of the chaps spends the
them both next year, whole thing in ,cigars," reported
"We've gotten an additional the Deputy Reeve, 15 more of the
$6,000 grant for the hosiptal from residents pay their own way, at
the County Council for renova- $60 a month. "If you want a
tions, cheap pleasant, comfortable place.
Mr. Stanley congratulated the to live," said Mr . Trewartha,
two men on the streets gang, say- there's none better in the county,"
ing that thee- worked hard ' and There are 20 residents with no in-
steadily with no grumbling. He come at all.
thanked all the other committees The Children's Aid Society re-
in council for Bolding back exwpen-ports "no problem families in Clin-
ses so that they would have some ton."
to give the Public Works Commit- The County Engineer considers
tee, "That's what co-operation the roads in the county a "head -
t.
Bank of Montreal Shows Highest
Paid Up Capital in Blanking History
The highest paid-up capital fig-
tare in Canadian banking history is
the outstanding feature of the
140th annual financial report of
the Bank of 'Montreal which shows
deposits, loans and total resources
at record levels. The report, cov-
ering the year ended October 31,
was released here this week by
William Morlok, manager of the
,Clinton branch.
B of M capital, stood at $45 mil-
lion, has risen to $53,686,832 as a
result of a recent offering of new
stock. 'Ibis figure ; will increase
to $54 million whets the stock issue
is complete. . Together with a rest
account of $118 million, sharehold-
ers' fund, including undivided pros
THIS i5 'WHERE YOU CAN
SAVE DOLLARS $ $ $
at your Red and White
DoIIar Days Sale
Over Fifty Items at. Low, Cost Prices
.HERE ARI; A FEW OF THESE ITEMS;
Rose Brand .
MARGARINE
White Cross Interlake
TOILET TISSUE
KLEENEX
Chubby or Regular
Libby's---i.i' oz.
CATCHUP ..,,,,,,
Red and White
JELLY POWDER ..,,
Monarch '
SPONGE PUDDINGS
4 lbs. for $LOO
9 for $1.00
Kellogg's
SPECIAL "W'
Birdseye Frozen
GREEN' PEAS
Birdseye Frozen
ORANGE ItJICE
Cloverleaf -1)2 lb, tin
FANCY RED COROE
6 for $1./00
5 for $1.0(0
13 for $1.00
4 for $1.00
4 for $1.00
5 for $1..00
6 for $1.00
3for $1.00
...'MESH MEAT.
RINDLESS BACON
1 Lb. SMALL SAUSAGE
1.2 oz./Pkg. BOLOGNA
CKOICE WING S'I'.EAKS
It VNH STEAII MI1 CEB
Ali �for $1.
per Ib. 590.
>..,... ..,. per Ib. 59+
STANLEY'S Red & White
SUPER MARKET Oueen St.
June IIS` 24441 Open I+'riday Nights
oseleileeseiteee
fits, will accordingly rise of $174,-
113,534.
Total deposits have increased
by $43 million to a new high figure
of $2,632 million. Resources clim-
bed $&3 ninon to a record of $2,-
866 miIlon.
Strong Liquid Position
Although the bank's holdings of
government ` and other securities
were reduced from $916 million in
1956 to $873 million in 1957, its
traditional .strong liquid position is
maintained in its total quick assets
of $1,476 million. This represents
54.8 percent of all public liabilit-
ies,
_:While. commercial loans, stand-
ing
tanding at $1,174 milnibn, showed .a
slight contraction of six million,
the figure for total loans at $1,437
million compares with. $7,383 mil-
lion in 1956, an increase of $54 mil-
lion, chiefly in -call and NHA. mort-
gage loans, ,
The figure of. $36 . million, as
valuation for bank premises across
Canada, is clear indication of the
extent to which new branches have
been established and existing of-
flees modernized, since the com-
parable 1956 figure was $30 mil-
lion.
IB tot .M Earnings Rise
The statement of earnings shows
the B of M's operations throughout
the year resulted in a profit of
$18,840;692, an increase of . two
millon dollars, over the previous
year. Provision for taxes, how-
ever, at $9,191,000, 'exceeded pay-
ments to shareholders by well over
one million dollars, leaving a net
profit of $9,649,692.
Of this amount, shareholders re-
ceived $7,946,013 on the basis of
$1;60 per share—the same return
as they received in 1956•
aehe." He says there artist bei
mare money to keep them. repair-
ed, and the bridges safe. Three
bridges- were built in 1957 at cost
of $146,000. There are 491 Miles
of County Il<oads in Huron, They
have .d'eeided -to use hotinix, pure
chased from: the Levis Contracting
.Company new plant near Holmes -
vibe for paving pn the future, sin-
ee the cost is, low in comparison
to the durability of hot mix sur,
faces.
Cotuttitt.orss.
Councillor John A. Sutter, report
for t
ting r the pro ectionf to Persons
and Property committee, *reported
six out-of-towxi calls. and 2Q local
calls by the fire department this
e r d t'a
a n nod o
y , an me t a pr posed
new area fire zone, with Seaforth
as Centre, and a night school which
all firemen could attend,' and re.
eeive lessons,
Mr, Sutter noted the work done
to property !behind the town hall.,
where 'there' Wes
room for
50
ears to park. He hoped for new
street lights, on the main streets.
next year, and more on back
streets, as well,
Councillor U, N. Bridle Voiced
bis appreciation for the good bus-
iness experience gained by work-
ing on the finance committee un-
der V. W. Trewartha, and with
the guidance of the clerk John A.
Livermore.
+Commenting on the industrial
Committee Werk, he said they had
teen tied down, since they had no
budget. He said, "I feei this year
that I'll .press for having any funds
normally paid to the Mid -Western
Ontario Development Association,
be paid to our ,committee, X don't
believe .that Mid-WODA has bone
anything much in Huron yet, and
if we have that money to spend,
i['ll guarantee we'll do some adver.
tiling for Clinton which will bring
sone dollars back to our town."
Cottttc;liar Edward 4, Pate note
that the entire budget of the Heal.
th and Welfare Committee had not
• (Continued On Page 4)
Youa��Qe,r..
if you Frei
LLIN'
These days molt people work under
pressure, worry more, sleep less, This
strain on body and brain makes physical
fctness easier to lose, --harder to regain.
Today's tense living, lowered resistance,
overwork, worry—any of these may affect
normal kidney action.+When kidneys get
out of order, excess ,acids and wastes
remain in the system. Then backache,,
disturbed rest, that "tired -out" heavy -
headed feeling often follow. That's the
time to take Podd's Kidney Pills. Dodd's
stimulate the kidneys to normal action.
Then you feel better—sleep better,—work
better.Ask for Dodd's Kidney Fills at
any drug counter. .53
What ba age to do
with borrowing rnonej?
ate'
Age in a company spells experience:
Because HFC .ia backed by 79 years'
experience, you may borrow with con.
fidence. You get prompt attention,
repayment terns tailored to your needs,.
peace of mind about money matters. Do
as two gexierations have done. Borroat
with confidence from Household Finance.
USEHOLD- FINANCE
R. K. Fitch, Manager
35A West Street Telephone 1501
GODEft1CH
,Largest Stock- of Used Cars
in Huron County
1957 Buick Century Sedan
1957 ,Buick Century Coach
1957 Meteor 300 Sedan
1956 Buick 4 -Door Hardtop
1956 gelymouth Sedan, automatic
1956 Chevrolet Deluxe Sedan 1952 Willys• Coach, overdrive
1955 Dodge Hardtop 1951 Pontiac Coach
1955 Studebaker, overdrive 1951 Chevrolet Coach, new paint
1954 Mercury Sedan 1951.Buick $edan
1953 Dodge Mayfair Sedan 2-1950 Mercury Mercury Sedans, radios
1953` Pontiac Coach 2-1950 Ford Coaches
1953 Dodge Sedan, radio 1950 Plymouth Coach
1952 Chevrolet Coach, radio 1949 Ford Coach
1952 Pontiac Sedan 1948 Pontiac Coach
MANY OLDER MODELS
Trucks:
1955 MERCURY, Special Morrison telephone or hydro hex—
Just
ygxJust the thing for plumber or. electrician,
1954 CHEVROLET 3i Ton — 1953 GMC 3 Ton
EARS N
'Motor Sales -
1955
Buick Hardtop, automatic
1955 Buick Century Sedan
1953 Buick Sedan, automatic
1953 Ford Sedan, Automatic
1.
Phone Zurich '78 (Collect)
And We'll Come Up and Show Yoti. the Car of Your Choice
OPEN EVENINGS 'TILL 10 O'CLOCK
InZeTAt
•�tr.��*..; �•T;•��:,a:
Be sure you have '
the correct postal addresses.
Check your mailing list now
Hove you forgotten anyone'?
fitly plenty of stamps ahead of time.
• Peek your gifts in sturdy tiartons, wrapped in WO paper and
A " tied securely with strong eord.
For correct postage and safe delivery have your part:ets'
weighed at your local Post Office. Print address, and return
ko. ' address too, both outside and :inside parcels. -,�
invariant — Check' Past Office leaflet delivered to your
haute for mailing dates to distant points and remember --
tar !seat delivery, tnali your parecls and earls ouorbefore
December 17th,
el
;....`+- ?ie-