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HomeMy WebLinkAboutThe Exeter Times-Advocate, 1947-11-27, Page 8THE TlW-APVOG^TE, EXETEKj ONTARIO, THURSDAY MQRNJNG, NOVEMBER 27th, W FREE AIR!1 Howdy Folks! This is the way that the col­ ored laundress said she raised her boys to be polite: ,fAh raise them with a barrel stave” she said, ”and I raise them fre­ quent.” When it comes to awarding the crown for the height of in­ difference, it should, in all like­ lihood, go to the man who sees a black speck in his pudding and doesn’t care whether it is a rais in or .a fly 1 IN STOCK ® Exhaust Pipes ® Mufflers ® Pipes For AH Popular Makes of Cars $ Pipes and Mufflers made to fit all older models (3) Floor Mats to Fit ® Heaters and Defroster Fans WE SPECIALIZE IN ALL MAKES OF CARS CENTRALIA Miss Marjorie Flynn, o£ Brant­ ford, spent the week-end with her mother, Mrs. Geo. Flynn. Misses Helen Lightfoot and Aud­ rey Harrison visited over* the week-end with relatives in London. Mr. Otto Brown underwent an operation in Victoria Hospital Lon­ don, last week. His many Triends will be pleased to know that hv is progressing favourably. I Mr. Andrew Hicks has been in Toronto at the Royal Winter Wir for the past week where he was showing some of his fine hogs. Miss Mildred Elliott RN. of Lon­ don, spent the week-end with hex parents, Mr. and Mrs. Murray El­ liott. Mr. and Mrs. Wm* Essery atten­ ded the Ice Capade in Toronto lust week. Congratulations to Mr. and Mrs. G. F. Penwarden who on Saturday of last week celebrated their 25th Wedding Anniversary. Mr. and Mrs. B. D. Field are holidaying in Toronto. Mr. Elmer Powe was in Toronto at the Royal Winter1 Fair last week as a member of one of the stock judging teams. Rev. H, J. Mahoney of Exetei’ delivered a very inspiring sermon on Sunday morning when the W. M.S. held their annual Thank of­ fering service. The choir sang two anthems. Mums in silver baskets added a note of cheerfulness to the occasion. Messrs. Frank and George Hicks each brought home a deei’ from their hunting trip last week- On Sunday morning (Nov.3 Oth) the Sunday School will hold their Anniversery Service with Miss K. Hayes, of Sarnia, as guest speaker. A good attendence is requested at this service. BRINSLEY Rev. and Mrs. Hana spent .Sun­ day evening with Miss Amos, Miss Gertrude Amos the teachers’ convention Strathroy op Friday last. Mr. and Mrs, Jack Ttfevethick, Grace and Ruth spent Sunday eve- Mary B. attended held In L' .L.U'l ,!l.l L.lI Z • IT-. J.. .< 4.-. l! "'.'J >.i,i •• I .I- : ping with Mr* and Mrs, Geo. of Lleury, Gerald and .Joan Rock, of don spent the week-end with grandfather, Mr, J. D* Amos. Mr. and Mrs. Cecil Ellwood spent Thursday evening with Mr. and Mrs. Lin craven. Those from the community who Neil, Lon-Ijfeeir attended the Royal Winter FftB’ ovex* the week-end were, Mr. and Mrs. Ansel Lee, Mr* and Mrs* Joe Amos, .Mr. and Mrs* Wes Watson, Mr. and Mrs. Jack Hodgson, Mrs- Earl Dixon and Douglas Lewis, Mrs. Ernest Harris spent a few days last week at the home of he?* daughter1, Mr. and Mrs. Emerson Woodburn, o£ Greenway.We are sorry to report that Mrs. Clover Lewis is confined to her bed at the home of her son, Mr. ,Earl Lewis. While Mrs. Dewis was attending to chores in the barn the litter carrier broke in some way striking Mrs. Lewis on the fore­ head causing a nasty gash which required a number of stitches. Two old bachelors sat talking. Their talk drifed from politics and finnaly got around tp cooking* Said onet “1 got one of them cookery books once, but I neyer could do nothing with it.” °To much fancy work in it, eh?” °You said it. Every pnp o’ them recipes began the same way—‘Take a clean dish’-—and that settled me.” WROTE DOLLAR STORY South End Service Station RUSS AND CHUCK SNELL Exeter Phone 328 Sunday and Evening Service One garage will be open in Exeter on Sundays and dur­ ing the evenings throughout the week. Open this Sunday and During the Evenings throughout the Week- . LAING’S Shower for Bride Elect A large unmber of ladies gath­ ered in the schoolroom of the church on Monday evening to hon­ our Miss Marjorie Smith on her approaching marriage. Many beau­ tiful and useful gifts were pre­ sented .to her in an attractively decorated barrel; to the tune of “Roll Out the Barrel”. An address was read by Gx-eta Webber. Other numbers on the programme inclu­ ded a sing-song, an instrumental by Mrs. W. Skinner, a solo by Mrs. R. Hodgins, readings by Hazel Mc- Falls and Maxine Bowden. Marjorie expressed her appreciation for the beautiful gifts and invited all lad­ ies to visit her in her new home. Ice cream and cake were served. Everywhere in Canada —in villages, towns, metro­ politan centres — you can find them. They are the people —1,500,000 strong — in every walk of life who are building their futures and doing their day-to- day financing by saving or borrowing at the Bank of Montreal. Every member of this BofM family has a hand in building the resources of the Bank while he builds his own future. These resources, which amount to nearly two billion dollars, exist almost entirely because of the balances these people can show you in their B of M passbooks. This money does not stand idle ... it works constantly for the building of the nation. Here is the money that makes the wheels of commerce turn . . . that helps the farmer garner his crops ... that helps the lumberman buy equipment and pay his men. Here are the dollars that enable the Bank to make more than 500 personal loans every business day of the year to men and women who need money to meet emergencies and take advantage of opportunities. i Here is the credit that provides thousands of business enter­ prises — from 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 finished goo'ds, and to carry out plans for expansion. To citizens on salaries ... to farmers with seasonal incomes . ♦ . to merchants, manufacturers and businessmen a in every worthwhile line of endeavour ... to muni- cipalities, school boards and governments ... to a® churches, hospitals and all types of public institutions . , . hundreds of millions of dollars are being lent by B of M managers at more than 500 branches from the Atlantic to the Pacific. These millions of transactions add up to a billion-dollar story that makes interesting reading — not so much on account of the figures involved, but because of the human stories behind them. Rn Service Station Alex — “On your recent tour through the West, did you enjoy ithe ^scenery?” ■Bill—“We missed the best part of it. Our new car travels so fast that we had to give most of our attention to gas stations and pol­ ice courts.” (3 ......... ....—. Business Review I These business firms invite your patronage. Dealing with them gives satisfaction and helps to make this a better community »mBIWm.IWr..l.».................................................................................. @ HARPLEY Mr. R. Wilton, of London, call­ ed on Mr. R. J. Hodgins on Sun­ day. Miss Donna Hayter spent the week-end with friends at Grand Bend. Don and Clare Love, of Shipka, and Maurice Webb, of Dashwood, spent Sunday afternoon with Mr. Wm. Love. We are sorry to report Mrj Robert Murray on the ,sick list. The sympathy of the community is extended to Mr. and Mi’s. Jos­ eph Carruthers and family. Mr. and Mrs. Don Hendrick and Mr. and Mrs. Garnet Patterson, of the Lake Road, visited on Satur­ day evening at the home of Mr. Colin Love. Mr. and Mrs. Wm. Love visited on Sunday with Mr. and Mrs. Ed. Turnbull on the Lake Road. Mrs. Turnbull’s parents, Mr. and Mrs. Buert, of Manitoulin are staying with them for the winter. Mr. and Mrs. Newton Hayter and family spent Sunday with Mr. and Mrs. Statton at Grand Bend. the FACTS WHAT THE B of M HAS TO MEET ITS OBLIGATIONS: CASH: The B of M has cash in its vaults and money .. II®, on deposit with the Bank of Canada amounting’ to . MONEY in the form of notes of, cheques on, and deposits with other banks. ...... POP’S Taxi Service IPhone: Grediton lSrll Exeter 357 CREDITON EAST Mr. and Mrs. Tom Baird, of Grand Bend, spent Sunday with Mr. and Mrs. Sam Sims. Mr. and Mrs. Alec Hamilton and two sons, of Grand Bend, spent Sunday with Mr. and Mrs. H. Lew­ is and Mr. and Mi’s. L. Wein. Mrs. E. Pym, of Exeter, held a Wear Ever demonstration at the home of Mrs. Aaron Wein on Mon­ day evening. INVESTMENTS: The B of M has close to one billion dollars invested in high-grade government bonds and other public securities, which have a ready mar­ ket. Listed on the Bank’s books at a figure not greater than their market value, they amount to . . . The B of M has other bonds, debentures and stocks, representing to some extent the extension of credit to industrial enterprises for reconversion and for expansion of productive facilities in established fields. Valued at no more than ths market price, they amount to ... ..................................... CALL LOANS: The BofM has call loans which are fully protected by quickly saleable securities. These loans amount to........................................................... 136,768,245.65 957,888,826.81 ★ ★ ★ For 130 years Canadians have put their trust in the B of M. Never in that time has the Bank failed to repay a dollar left in its care . . . never has it failed to open for business on a single banking day. BEHIND the figures $ 203,696,837.69 96,866,538.42 36,807,209*71 WHAT THE B of M OWES TO OTHERS: $1,783,441,647.31 Highland Cedar FENCE POSTS ON HAND Anthracite Coal and Coke ON HAND e A. J. CLATWORTHY We Deliver Phone 12 Granto® SAINTSBURY Mr. and Mrs. Maurice McDonald attended the twentynfifth wedding -anniversary of Mr. and Mrs. Fred Penwarden on Saturday evening. Mr. and Mrs. Heber Davis and family spent Thursday evening at the home of Mr. and Mrs. M. ;Cor- bert, ,of London township. Mr. and Mrs. Harry Carroll at­ tended the funeral of the late Mrs. Powell of ,Granton on Friday. The ladies of St. Patrick's church attended the bazaar at Trivitt Memorial church on Friday afternoon. They reported an en­ joyable afternoon. Mr Roy Odden, of Filmore, Sask, spent the week-end with Mr. and Mrs, PI. Davis. The ladies of the W.A. and the Guild met in the Parish Hall on Wednesday afternoon and packed the bale for The Mohawk School at Brantford. At the close of the afternoon’s work Cannon James of­ fered a prayer on the sending out of the bale and success in our Work, Mr, and Mrs. Earl Atkinson and girls Were entertained to dinner at the home ,of Mr, and Mrs. L. Hod­ gins recently. Mr. and Mrs. *M. Abbott and' family Mr. and Mrs. C, Davis and Cameron, Miss Audrey Woods, of London, Mrs. F. Davis and Mr, G. Wolfe, of Hamilton were entertain-! ed to dinner on Sunday evening. QUICKLY AVAILABLE RESOURCES: The resources listed above, all of which can quickly be turned into cash, cover 78.79% of all that the Bank owes to the public. These "quick assets" amount to LOANS: During the year, many millions of dollars have been lent to business and industrial enterprises for production of every kind, including housing and 4 construction — to farmers, fishermen, lumbermen 1 and ranchers — to citizens in all walks of life, and 1 to Provincial and Municipal Governments and School “ Districts. These loans now amount to ... . BANK BUILDINGS: In hamlets, villages, towns and large cities from coast to coast the BofM serves its customers at more than 500 offices. The value of ‘ the buildings owned by the Bank, together with furniture and equipment, is shown on its books at . r7i®fn OTHER ASSETS: These chiefly represent liabilities of customers for commitments made by the Bank on their behalf, covering foreign and domestic trade transactions. . ........................................................... e $1,432,027,658.28 421,704,063.46 13,276,623.00 31,396,960.45 $1,898,405,305.19 DEPOSITS: While many business firms, manufacturers, merchants, farmers and people in every type of busi­ ness have large deposits with the B of M, the bulk of the money on deposit with the Bank is the savings of more than a million private citizens. The total of all deposits is . BANK NOTES: B of M bills in circulation, which are payable on presentation, amount to ... . OTHER LIABILITIES: Miscellaneous items, represent- . ing mainly commitments undertaken by the Bank 1 on behalf of customers in their foreign and domestic trade transactions............................................ Nf- * " TOTAL OF WHAT THE BofM OWES ITS DEPOSITORS AND OTHERS............................................................................. TO PAY ALL IT OWES, THE B of M HAS TOTAL RE- SOURCES, AS SHOWN ON THE LEFT SIDE OF THIS STATEMENT, AMOUNTING TO.......................................... WHICH MEANS THAT THE B of M HAS RESOURCES, OVER AND ABOVE WHAT IT OWES, AMOUNTING TO This figure of $81,079,571.10 is made up of money subscribed by the shareholders and, to some extent, of profits which have from time to time been ploughed back into the business to broaden the Bank's services and to give added protection for the depositors. ♦ # # EARNINGS — After paying all overhead expenses, including staff salaries, bonuses and contributions to the Pension Fund, and after making provision for contingencies, and for depreciation of Bank for the twelve months ended October 31st~ 1947,^of”. . Profits Taxes and » • • . premises, furniture and equipment, the B of M reports earnings Provision for Dominion Income and Excess Provincial Taxes *....., Leaving Net Earnings of.............................. This amount was distributed as follows: Dividends to Shareholders . . Balance to Profit and Loss Account • • • • • 9 BofM EARNINGS ON THE SHAREHOLDERS’ I I AND HOW THEY WERE DIVIDED • * • • 29,100,538.78 $1,817,325,734.09 1,898,405,305.19 $9,579,285.29 4,156,000.00 $ 3,600,000.00 1,823,285.29 INVESTMENT On each dollar of the shareholders’ money invested in the Bank of Montreal, the Blank earned 11.81 Cents in 1947. f To TAXES............................ To SHAREHOLDERS . . V To SURPLUS ...» . 5.12 • 4.43 ♦ 2.26 Cents Cents Cents TOTAL RESOURCES WHICH THE BofM HAS TO MEET ITS OBLIGATIONS . , . . ..................................... WORKING WITH CANADIANS IN EVERY WALK OR LIFE FOR 130 YEARS MMetMss MBBPW