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HomeMy WebLinkAboutThe Exeter Times-Advocate, 1930-05-06, Page 2'A , ’* THt-RSDAlT jM® r>m,_1930 Choien at Enthusiastic Liberal Convention Thomas McMillan, iM.Pw who has the standard of the Liberal jparty in the House of Commons for 4Swth Huron constituency since 1925 lias again been unanimously nomin­ ated as the Liberal candidate to rep- jresent the -riding in the approaching; federal elections, He was the choice at n combined meeting of the federal and provin­ cial Liberal Associations of the rid­ ing held ip Hensail on Wednesday afternoon of last week, in the audi- •jtprium of the Town Hall, Staunch supporters of the party state that Jtjie meeting was the best ever held m the constituency, both from a; vlpwpQjnt* of utteudaubO’ and enthus­ iasm. Every seat in' the’ hall and gallery was occupied, with many standing at the rear and mi the stairways. Six other candidates were’nomin­ ated,’’but they retired in favor of Mr. McMillan, They were Dr, R, R, Boss, of Seaforth; Er. J. W. Shaw, Clinton; AViiliam Colliding, Seaforth J. G. Stanbury, Exeter; Qwen Geiger Hensall and Charles Fritz, Zurich. A large number of women attended the meeting. ' Officers of both the federal and provincial South Huron Liberal As­ sociations were elected for the ensu­ ing year. The meeting opened with Thomas Shillinglaw, Seaforth, presi­ dent of the provincial association, in the- chair, who afterwards turned the meeting over to Dr. J. W. Shaw, Al ■# presentation, in easily understandable form, of the Bank’s SEMI-ANNUAL STATEMENT £ 688,067,754.78 (x) in “Resources”). LIABILITIES Liabilities to the Public 38,473,147.00 10,941,971.37 8,745,783.97 $ 746,228,657.12 15,448,293.39 The strength of a batik is determined by its history, its policy and the extent of its resources. For 112 years the Sank been in the forefront of Canadian Finance. i f * 4 121,661,712.27?CO. 922,087.90’ had been' claimed that 68,028,615.57 27,460,856.27 $ 373,450,296.33 417,998,828.93 14,500,000.00 bi? compani^ 1,930,456.44 10,941,971.37 3,778,095.16 $ 76,370,991.11leaving an excess of Assets over Liabilities 0 all on's ♦' articles to the same any other nation in Clinton Hausall W. Gold Fritz, of McEwan, aap,979-45 6oo.ooo.bo ;o s. 4 ^3,543>o»7;87 / $ 822,599,648.23 746,228,657.12 Balance of Profit and loss Account, October 3 xst, xpiip Balance of Profit and loss carried forward $ 94,421,408.82 45,507,317.11 2,997,566.44 ? 54545 M3 , .735^2.31 , jtr,*81,033.74 A 822,599,648.23 he concluded. “With vigor, Canadian, vision, Deposits ... Payable on demand and after notice. Notes of the Bank in Circulation Payable on demand. Letters of Credit Outstanding Financial responsibilities undertaken on behalf of customers for co^ mercial transactions (see ofsetting amount (x) in "Resources”). Other Liabilities . . . . . * B * Items which do not come under the foregoing headings, incluSing $5,000,000 advances from the Dominion Government under S"he Finance Act. p Total Liabilities to the Public • • . || Liabilities to the ShareholArs Capital, Surplus and Undivided Profits 4 86 Reserves for Dividends . • '* This amount represents the shareholders* interest in the Bankf over which liabilities to the public take precedence S Total Liabilities PROFIT and LOSS ACC Profits lor the half year ending 30th April, 1931 Dividends paid or payable to Shareholders > Provision for Taxes Dctninion Government Reservation for Bank Premises , > To ineet the foregoing Liabilities the Bank Cash in its Vaults and in the Central Gold Rs Notes of and Cheques on Other Banks 1 Payable in cash on presentation. Money on Deposit with Other Banka \ Available on demand. Government 86 Other Bonds and Debentures •’ Giipedge Securities practically all ofm>Hicb mature, at-earlyAa Stocjt^ • • • • • • • and Industrial and other stocks at or below market va Call Lories Outside of Canada ... Secured bonds, stocks and other negotiable seamties of value 'than 'the loans and representing moneys quickly availa. no disturbinfteffect on conditions in Canada. Call Loans i&Canada Payable on dema^l and secured by bonds and stocks of greater than the loans, it TOTAL,...QF^QUIC^X. AVAILABLE RESOUR (equal io 51.03 of au^ia^llilies to the Public) Other Loans ... . . To manufacturers, farmb merchants and others, on conditions sistent with sound banking.^ Bank Premises . a. . * . Two properties only are carried in the names of holding the stock and bonds of these companies are entirely owned by the Bai and appear on the books at in each case. All other Bank's premises, the value of whiajAargely exceeds $1^,500,000, a pear under this beading. t & Real Estate and Mortgages on^Real Estate Acquired in the course of the Bank's bi&incss and in process of being realized upon. of Creditx Customers’ Liability Under Leite Represents liabilities of customers on account ^Letters of Credit issued | by the Bdnk for their account. Other Assets not Included in the Foregoing Making Total Assets of to meet payment of Liabilities to the Public of 76,370,991.11 >) THE EXETER TIMES-ADVQCATE GHnt'on, tlw president -of the ^federal prgauisatiQP, When Mr. MeMillan awe to speak following his pQmijiatiQh, ho was ac­ corded an ovation which. lasted for several minutes. Applause and cbeers echoed throughout the hall and Mr. McMillan was visibly touch­ ed by the reception, tendered him, “I want to thank you sincerely,” he said, '“for the confidence which you are placing in me. There is not the slightest doubt in any mind, that we will win this electron by a great­ er majority than ever before, 'the King Government has an adminis­ trative record uneciualed by any Other Government in the history of Canada, The Conservative party today is like a body of men who are dressed up and have no where to go. They have absolutely no policy of any kind.” I its trade that are lie con- any COI- stand we Dunning In addition to Mr. MoMlUan, spirit­ ed .addresses were mkde by Dr. r. r. ross, William Gouiding, Dr. J, W« Shaw and J, G» Stanbury. Before the meeting; closed, the resolutions committee introduced the following resolution which was adopted amid tumultuous applause; prenriep ami Member Xirdprsod “Resolved, that this convention of the Liberals of South Huron, in ses­ sion assembled, desire to -express our hearty indorsation and confid­ ence in the Government and leader­ ship. of the Rt. Hon, W, L. Macken­ zie King, and also tp express ©nr en­ tire confidence in our candidate now selected, Mr. Thomas McMillan. We have every confidence that he will be elected, and the Government re­ turned to power.” Mr, McMillan stated that had the Government ignored the challenge thrown down by the United States Government, when, it revised its tar­ iff regulatioiis, it would have been absolutely wrong. He said it was high time that Canada was coming to the front and showing preference with countries willing to deal with us.” “I want you to realize,’ tinued, “that it is. the -duty of government to try to interpret rectly the sentiment of a sane people and surely we Canadians are intelli­ gent', as well as progressive and up to date. We will not stand the hu­ miliation of being, trampled under foot by anyone, It would have peep one of the greatest .mistakes our Government could have made if it had taken the United States tariff changes lying down. Budget Rouses Wide Interest ■“The Dunning budget lias caused more uneasiness in Washington, than all the previous ’budgets in Canadian history. Today the Canadian bud­ get is front page news and editorial­ ly commented upon by the whole American press. It is simply the climax of, protestations from thirty- three nations. However, Canada’s latchkey is still hanging on its door to show that we are willing to ex­ tend the hand of good relationship and peace. That is the take under the present budget.” Mr. McMillan said that when the King Government came in. power in 1922, the people of Canada were wondering how it would be possible for any government t'o meet the fi­ nancial crisis which faced the people of the Dominion, and how the coun­ try was ever to keep going. When the Liberals took power, they ‘.were faced with an annual expenditure of $463,500,000. “Here are some of the things which the Government has done since ensuing office,” he declared. “In the eight successive years since that time, in. the matter of public expenditure alone, the' King govern­ ment has saved the people of Cana- ada no less than $692,000,000. “Canada has stopped doing; busi­ ness on the back streets,” he added. “She has opened her stand on. the grand international highways of the world. Her portals are open, 'to every nation in 4he universe. Cana- ada today is shipping more fully manufactured goods into the s United States than any other country in the world. She is sending more semi­ manufactured country than the world,” He said, it Canada is robbing her heritage by the exportation of raw materials to the United States. He stated the real facts disclose that while Cana- ada does export to the United States $123,000,000 of raw materials an- ually, she imports raw materials from the U. S. for the use of Cana­ dian factories, to the extent >of $71,- 000,000 more than she exports. No Such Thing' aS Failure “Canada is doing a pretty good business,” Canadian Canadian energy and Canadian la­ bor, there is no such a thing as fail­ ure if we put our determination be­ hind 'our business.” William Golding', of Seaforth, said if the Conservatives have any kind of a policy, lie would like to know what it is. -Mr. Bennett has said the Lib­ erals. have stolen the' Tory budget, and in the next breath, says the Lib­ eral policy was made 111 Washington, Mr. Manion told the house that the budget was nothing but bunk, .if Mr. Bennett says the Liberals have stolen his budget, and Dr. Manion says it is nothing but bunk, well—* Dr. R. R. Ross of Seaforth point­ ed out that the present Liberal Gov­ ernment is one of the best govern­ ments. Canada lias ever had. By tlie reduction of ..the national debt and by the great master-stroke of /the Dunning budget, it lias conclusively shown that it is a government of the people for the people. Officers ElectM Tho following officers of the Fed­ eral Liberal Association, of S, Huron were elected tor the’ ensuing year: Honorary Presidents, FL Smith, of Exeter; M, MttMie, Seaforth; presi­ dent, Dr, J, W» Shaw, of vice-presidents, O.' Geiger, Mrs. C. Zwickei'', Crediton; Ing, Seaforth; treasurei’, C. Zurich; secretary, John A. Brucefield. The provincial assoc ficers as elected are: Honorary presidents, Centralia; William Ztirich;4 president, J» G, Stanbury, of John lament, of F. L, T. J, Sterling, Mrs, Miss Mrs. Miss Exeter, It. G. Seldom ; Hensail, T. Walsh, Seaforth, W. Beattie, Goderich Tp., J, Eseterp-yice*presidentst -Chas. Mon­ teith, Hensail. ’Mrs. A. Isaac, Exeter John Caldwell, Exeterr treasurer, C. Frit?, Zurich; secretary, J> M.’Goy- enlock, Seaforth. Thomas shilEuglawr, Seaforth, who has been the president of the pro­ vincial associating,for the.past tijjee years, declined to fllow his name’ to be placed in nomination. He felt the honor was one which should be passed around. * * The municipality chairmen for both the federal and provincial as­ sociation are as follows; Clinton, Dr, M, McInnlS; Axton; Jeckell Berry; Smith; Bayfield, ’Mrs. E. Yoe, Holmesville; Hay Tp,, F. KaJbfleisch, Zurich;'Mrs. G. Taylor, Zurich; Hullett Tpt, Wm. Mason, Bly th, Miss S. Brigham, of Blyth; McKlllop Tp., Alex Cuthili, Seaforth, Mrs. Stanley Tp., R. D. Aikenhead, Tp., T. Collins. land, Mrs. F. Kerr and Mrs. F, Young Crediton; Tuckersmith Tp., D. F. McGregor, Seaforth, Mrs. A, Broad­ foot, Brucefield; Usborne Tp„ A. Morgan, Hensail Mrs. ft. ICydd, Exe­ ter. J, Murray, Walton; Lamont', Zurich, Mrs. Brucefield. Stephen Dashwood, M, Eng- W, C. T. U. MEETING A meeting under the auspices of the W. C, T. U. was held in the James St. United church on Wed­ nesday evening of last week when Mrs. Gordon Wright, the Dominion President gave a splendid address to a fair sized audience. Rev. C. J. M-oornouse, of Main St. conducted the opening exercises, af­ ter which Rev. D. McTavish took charge, Rev. Mr. Down, of Exeter, Rev. Mr. Anthony of Thames Road and Rev. JMr. Sauer, of Dashwood, were present and were called upon for short addresses. The. talent als by Leona Miss Marion Powell. Two appropriate program was given by local and consisted of instrument- Misses Dorothy Grassick and Brown and a violin solo by OUT-OF-TOWN CALLS-QUI COR AND CHEAPER THAN EVB Evening fbicj on one" (blattynAplsfu* iion) calls l’oio begin at 7 p.m. Niffihfwes begin at 8.30 p.M, Jusi give "Long Distance" the number post "tvant speeds tip the set'- ■vice* If y.on don’t know the distiini number, "Informdlioh0 wll look if up for yoih solos were given by Miss Reta BdW ana W* R* Qoulding. 4 Miss J, S. Murray, the local presh dent, introduced Mrs. Wright, wht|! guye an inspiring address on thflf subject -of prohibition. Mrs. Wrigilt has assisted ' in .election campaign® in many of the provinces, both east and west, and ip the campaign soon, to be held in New Brunswick she to take part. j t “Many men and women put tlieifl party before God,” Mrs. Wright said, “and in many ’cases the pupil® were silent on the question and even church members hid their colors 0$ election day. The last year of pro* hibition the amount of sale was $6,* 000,000 and the 1929 total, undejg government control, was $57,000,* 000. Qrime has increased under the present system and is still soar* ing both among men and women.’*. jpi-ize Awards B At the conclusion, of the addreSP a hearty vote of thanks was tender­ ed the speaker, after which the? prizes won. by the contestants on the? recent education campaign were dis* tributed. ” The contest was open to Exeter, Usborne and Stephen, in which there are 18 Sunday schools. Thei tests were in three sections, senior,, intermediate and junior, and result­ ed as follows: Senior—Earl Brown, Allan BrowA Intermediate —- John McTavish^. Marliss McFauls and Walter Webb­ er. Junior—Howard Presczator,. Ro­ bert Brooks, Gail Browning and Douglas Oestricher. The prizes were distributed by Miss Murray, after which Mrs. Wright added a word of congratu­ lation to tlib.winners and an appeal, to the audience. for - membership in', the union. ’ • { . The engagement is announced of Annie, youngest daughter of Mr. and Mr^, .James Sholdjce to Mr.-. George T,tjWilIiamson, son of Mr. and Mrs. John.Williamson, both of McKill-op, the marriage to take place’early iia June. Mrs. Kane was, a timid soul—no doubt- about it! Modern efficiency rather terrified her. She wanted so much to ralk to her s.sier in a town 80 miles away because a friend had told her how she enjoyed weekly long distance chats with her home. Bat she‘didn’t know how to go about it. “There’s nothing to it,” her friend told her., “just ask the operator for ’Long Distance’ and when she answers tell.her the number you.want. If you. don’t know- your sister’s: number, ask Tnformatiori’—it‘s so,very simple.” Mrs.t Kane felt Oncoufaged. She tried it our one evening5, found the operator helpful; and in two minutes was talk* irig to her sister and enjoying herself thoroughly, ,r And the call cost h6r orily 40 cents*-- the evening station-to-statibn rate (aftcy, 7 ■; ' , *6- The Frlday night 34iiiriute talk to her sister is now ari institiifion. It has mado Sueh a difference to linow she is so near! And Mrs* Kane calls after 8.30 p.m. now, at a cost of only 25 cents—> the night rate.