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HomeMy WebLinkAboutClinton News-Record, 1959-12-03, Page 10•••••••• ;44,1, ................ ;4•••";:••.„ :*•14.*:•( W••.• vfat• 4. • r/ v 7/ A 4 ML-920C Itepreselitoo,ret, N. C. LAWSON, tLINTON, ONTARIO Phones: But, NU 2-9644; Rot.- ALI 2.9787 • 41111.111Pro • Christmas is for mothers, too • fit.; •'44"* No- • . . ,...... • ••• .•••••••:•::, •••••••.•:, • • • ••• . • - • \ hakW.S.,it4 0.:M4g3t • •X • ‘,0.- • . . and you can make this her happiest Christmas yet! Give her a modern electric appliance—the gift that shows you care enough to lighten her work throughout the year. Modern electric appliances are easy-to-use, economical to operate. They give long service— lasting satisfaction. This year, tie a Christmas ribbon around her "most wanted" electric appliance. It's a thoughtful gift because it helps her "live better electrically"-7, the safe, clean, modern way. LIVE BETTER ELEefinleA7CLY J. 4 A. 't s t • • • • , • . . TEN ctaf,17011 114WS-ITMCORP 'THURSDAY, P1 01V1B4R, 3, 11 More Canadians Than Ever Before Borrowed From Bank of Montreal County Federation Reviews Year Hears Bob Carbert, Ottawa , 03y 4. _Carl .1Xemingivo3') More Canadians borrowed more money from the Bank of Montreal in 1959 than ever before, awar- ding to the banles annual state- ment, released here this week by William Morlock, manager of the Clinton branch, Commenting on the bank's 142nd year in business, he said the Unprecedented demand for credit of all kinds came in one of the "tightest" money periods of modern times, In total, B of M loans were more than 25 per- cent above the 1958 figure—.$1,- 772 million compared with $1,416 million. These included a 32.55 percent boost over 1958 in NHA. mort- gage loans, from $171 million to $227 million, enabling more people to buy homes of their own. To rope with; Canadians' loan demands, the bank reduced its security holdings by more thnn a quarter. These are now reported at $886 million, or 28 percent low- er than a year ago. BUY HIM THE ALL NEW Strong. Liquid Position " As a result, although the B of M maintains a strong liquid posi- tion, "quick" assets now stand at $1,578 million, or 51.6 percent of all liabilities to the public, versus 62,1 percent at October 31, 1958, Deposits show a little change at $2,998 million, compared with $3,- 098 million a year ago, The same is true of total B of IVI assets, which stand ,at $3,259 million, against $3,277 million in 1958, The bank's earnings for all of its 810 offices in Canada and a- broad totalled $24,833,660, before income taxes, Provisions for these tax bills, however, took more than 50 percent of the earnings, or $12,642,600, so that the net pro- fit was $12,191.060, or $1,834,370 more than in 1958. 'The 21,000 B of NI sharehold- ers received dividends totalling $1 810 ,684,30 on the basis of .5 per shar 7e—or $1,957,870 less tha 8 n the tax bill, The year's operations included issue of "rights" to 675,000 new W. L. MOR1...00K Manager, Bank of Montreal shares of capital stock. When completed, this issue will bring the B of M's paid-up capital to $60,750,000, the largest of any Canadian bank. Safe Driving Week All Across Country December 1 to 8 From coast to coast in Canada, motorists and pedestrians will be called on to shake off the apathy that makes them easy targets for death on the' highway when the nation-wide Safe-Driving Week carnjaigne opened on Tuesday December 1. The drive against motoring and walking apathy will last for a Week, to December 7, sponsored by the Canadian Highway Safety Council with active co-operation of many federal, provincial and community organizations. Calls have been issued by both the Prime Minister and the Gov- ernor-General for the people of Canada to shake off the indif- ference so many hold against the dangers of highway travel. It is pointed out that the great highway toll of past years h been largely the result of apathy of-drivers and pedestrians who re- fuse to realize the imminence of death, injury and serious econ- omic loss through traffic mishaps. Huron. County Federation of Agriculture held the annual meet- ing Thursday, November 27 in Londesboro Hall with about 200 present. We could have accomo- dated another 50 and while there fair 'representation from 137Orsifiacers elected from the floor the ladies Section they could very well have made up the extra num- bers. Warren Zurbrigg, Clifford, President; Gordon Grigg, Wroxet- er, firSt vice-president and Frank Yp re' The e°11 i d Re npR tr . e3' Clinton, second vice- s president Winston Shapton reviewed the activities of the or- ganization over the past year and noted that there is need for im- provement in the financial posi- tion. This is caused not by a re- duction in the income but rather by the ever-increasing call for as- sistance in solving farm problems Stamps Rubber S of every description Marling Devices Also Stamp Pads 4.+4•-•-•-•-•-4,4-•-.............. and M . Sold by Clinton News-Record that is being made to the county organization, Interest 'is running high among the farmers and well over 100 have been attending the township annuals. Over the year well over 2,000 farmers will be out to meet- ings to hear what is being done on their behalf and to offer their suggestions. Mrs. Vera Greig, chairman of Ontario Farm Forum, spoke brief- Iv on the need for the results of these groups. This program is put on for the purpose of placing the problems of agriculture before you so that your opinion can be discovered •and a good decision arrived at. Douglas Miles, agricultural rep- resentative, expressed apprecia- tion for the assistance given to the- department in the brucellos- is canvass and Miss Bette Till- man, county home economist told of the fine support given by the federation 'to the girls 4-H pro- jects in Huron, Bob Carbert formerly of CKNX farm department and now direc- tor of the information and assis- tant secretary to the Canada Federation of Agriculture was guest speaker. He explained how When you have to stop for a wig-wag, keep at least 30 feet from the rail tracks, recommends the Ontario Safety League. That way if another driver crashes you from behind (and it does happen!) you avoid the possibility of being forced into the path of the train. the farmer is represented in this body, There is no direct voting power for the individual any more than there is in the House of Commons in Ottawa,.. Rather you are represented by the delegates that you elect by vo- ting through your various organ- izations, just as you are represen- ted by your local member of par- liament. This is the only way by which all farmers can be fairly re- presented since direct membership voting would mean that the nat- ional organization could very eas- ily be dominated by the forme in close proximity to the place annual meeting Last year it w in Saskatoon; this year it will in Toronto, Mr, Carbert also outlined sor of the many questions on whi government asked the CFA prepare statements of opini( Freight rates, the small farm, i Elation, credit Administration, cr insurance, rabies losses, and p( haps the most important of was the establishment of a woi food bank, 'wive 'zI1C-144e14101VAWMaWate1g1MROMMSOC-14141C-14-11 ' FOR THE FARM This Repair Unit Was Built For The Inexperienced Besides being an efficient welder, it will cut, braze, solder and heat. Tt will hard-face all wearing equipment and thaw water pipes in minutes, even underground. For those cold mornings this repair unit has a battery charger-6 or 12 volts—which can be .used as a booster, These are only a few of the jobs this repair unit could• do for you. Used Electric and Acetylene Welders The Best Christmas Gift of All FORNEY REPAIR UNIT For a FREE trial or information, call— Edward Odbert 1520 or write to 278 Albert Street, Stratford zioaaloimammobvizmivaaigzommtamablaaaab.-11,, The. Mutual Life of Canada policy- holders are accustomed to big divi- dends. The company is famous for its outstanding dividend record. The increased dividends that will be paid to the policyholders in 1960 will further reduce the low net cost of their insurance. The Mutual Life has been providing policy- holders with insurance coverage at the lowest possible cost since 1869, the year the company was formed. 'and has been applying the same principles to group insurance since the company entered that field in • 1927.1 You can shape in the dividends that go with Mutual Life of Canada policies. Your nearest Mutual Life representative will provide complete information on the advantages of Mutual Life of Canada protection, 1869-,---nirtety years al leadership in mutual life insurance-1959 Don't Miss Hearing REV, GERALD MORGAN Outstoridirig Soloist, Youth Speaker and Guitar Player IN Clinton Legion Hall . ON Saturday, December 5 at 8 p.m. Sponsored by: TRI-COUNTY YOUTH FOR CHRIST 484 4.