HomeMy WebLinkAboutThe Wingham Times, 1914-02-12, Page 6THE DOMINION BANK
Proceedings of
THE FORTY-THIRD ANNUAL GENERAL MEETING OF
THE SHAREHOLDERS.
THE 1o1lTY-T11111D ANNUAL GENERAL MEETING OF TUE SlIteelE-
IIOLDELS THE In./MINION BANK wee held at the Banking /louse ef
the Instil (ohm, Toronto, on Wednesday, 28th &aware', 1e14 -
Among those present were noticed: G. N. Reynolds, H. G. Horton, Hon. J.
J. Foy. M.L.A., James. Watt, A. Foulde, W. C. Harvey, A. M. Nanton (Winni-
peg). E. lu OS, U. Wilkinson, James Matthews, Chus. B. Powell, Walker,
Sir E. IL (Isier, .\ LP., H. W. Hutchinson (Winnipeg), DeArey Martin, IC.C.,
E. Dingle, A. R. el,teDoneld (Epsom), IL IL Playtner, F. Boehmer„ Chas E. Lee,
J. J. Cook, E. leeele S. Harwood, J. Gordon Jones, F. LeM. Grasett, M.11., P. H.
Gooch, F. S. Wileen, J. D. Warde, C. P. Wooler, A. E. Gibson, R. 13. Morley, W.
MeAdie toshawa). Dr. Chas. O'Reilly, Thos. F Mein, J. E. Finkle, 1'. Sehoeler,
James Scott. W. J. Waugh (Ilamilten), A. McPherson (Longford), Judge Mc-
Intyre (Whitby ), 11. Morris, II. W. A. Foster, W. G. Cassels, F. C. Snider, W. S.
Kerman, Halligan, 'Wm. Ince. 11. J. Bethune, W. Muloelt, Jr., Rev, T. W.
Paterson, Co pt. D. F. Jessopp, Percy Leadlay, S. Jeffrey (Port Perry), J. Ite
Niven, 0. E. Greee, E. T. Fisher, A. 13. Fisher, M. S. Bogert, L. Patton. E. IL
Osier, R. J. Chrietie, F. C. Taylor (Lindsay). F. L. Fowke (Oshawa), J. C.
Eaton, L. Li. Baldwin, W. R. Brock, R. M. Gray, R. Melholland, A. R. Boswell,
E.C„ J. T. Small, X.C., S. W. Smith (Whitby), William Ross, E. W. Langley,
J. 0. Ramsey, E. C. Burton, G. McDonald, J. Carruthers, E. W. Hamber (Van-
couver), F. J. Harris (Hamilton), W. D. Matthews, H. B. Hodgins, Dr. A. J.
Harrington, S. S. Wilcox (Hamilton), Richard Brown, W. C. ('rowther, W. Cecil
Lee, Stephen Noxon, F. P. Miller tNapanee), W. E Carswell, H. Crowe, Jas.
Wood, W. T. Kernahan, J. 11. Paterson, r. I% Brown, Alfred Haywood, N. F.
Davidson, A. A. Atkinson, H. Gordon MacKenzie.
at It was moved by Mr. E. W. Hamner, seconded by Mr. R. J. Christie, that Sir
Edmund Il. Osler, M.P., do take the chair, and that Mr. C. A. Bogert do act as
Secretary.
Messrs. A. R. Doswell, K.C., and W. Gibson Cassels, were appointed scrutin-
eers.
The Secretary read the Report of the Directors to the Shareholders, and
submitted the Annual 'Statement of the affairs of the Bank, which is as follows:
TO THE SHAREHOLDERS:—
The Directors beg to present the following statement of the result of the
business of the Bank for the year ended 31st December, 1913:—
Net profits for the year, after deducting all charges and making full$ 68S'1119.°3
Balance of Profit and Loss Account, 31st December, 1912
Premium received on new Capital Stock 811,344.80
950,402.7S
Provision for bad and doubtful debts
Making a total of
Which has been disposed. of as follows:
Dividends (quarterly) at Twelve per cent per annum .. $649,04,6.77
Bonus, Two per cent 116,176.70
$2,449,856.59
Total distribution to Shareholders of Fourteen per
cent for the year $763,823.47
Contribution to Officers' Pension Fund 25,000.00
Transferred to Reserve Fund—Premium on New Stock811,344.80
Transferred to Investment Accounts 200,000.00
$1,802,168,27
Balance of Profit and Loss carried forward $.647,688.3
RESERVE FleND.
Balance at credit of account, 31st December, 1912 $6,000,000.0G
Transferred from Profit and Loss Account 811,341.80
36,811,344.80
E. D. OSLER, President.
C. A. BOGERT, Gen. Manager.
WINGRAN TIMES, FEBRUARY 12 1914
The officee at North Vancouver, 13.0., and GuernseY, Seek,. were closed,
as existing eonditiens did net warrant their continuance.
Very satisfactory progress is being made in the erection of the new Head
Office building at the corner of King and Yonge Streets, Toronto, and It is
confidently expected that the premises will be ready for occupation before the
end of this year.
The customary thorough Inspections of the Head Office and Branches
have been made, including the verification by your Directors of the Belem()
Sheet now presented.
All the Assets of the Bank have been carefully scrutinized by the Directors
and Officials, and its Investmtnt Securities are carried on the, Books at con-
servative values,
13, 13. OSLER, President.
The year 1913 was one of general financial and commercial depression
throughout the world, which conditions became more accentuated during the
closing months of that period. Your Directors, therefore, deemed it advisable
to enforce a policy of conservatism without interfering with the requirements
of legitimate borrowers.
The funds of the Bank were fully and profitably employed throughout the
twelve monthe under review, resulting in a further increase in the net earnings,
the disposition of which is dealt with in detail in the accompanying Report. A
bonus of 2 per cent was again distributed, in addition to the regular dividend of
t2 per cent,
Following the announcement made in the last Annual Report, an issue
of $1,000,000 of new Capital Stock was made to Shareholders of record of the
150. of February, 1913. The whole of this issue was taken up, and althcugh
the final payments thereon are not due until June, 1914,-3811,344 of the
amount had been paid up on the 31st of December last. The total Paid-up
Capital of the Bank was, on that date, $5,811,844.
To meet the requirements of Section 56, Subsection 6, of the new Bank
Act, you are now asked to elect A.uditors to serve until the next Annual General
Meeting, and two written nominations have already been received in this con-
nection.
You are also requested to sanction the passing of new By -Laws,
necessitated by changes in the Bank Act and the advisability of having them
more fully meet present circumstances.
Branches were opened in 1913, as follows:
New Westminster, B.C.
Fairview, Vancouver, B.C.
Fernwood, Victoria, B.C.
Medicine Hat, Alta,
Arlington Street, Winnipeg, Man.
Walkerville, Ontario,
Danforth Avenue, Toronto, and
Eglinton Avenue, Toronto.
Toronto, 281b January, 1914,
The Report was adopted.
In conformity with Section 50, Subsection 6, of the new Bank Act, Messrs,
Geoffrey T. Clarkson end Robert 3. Dilworth were appointed Auditors for the
Qurrent year.
New 13y -Laws were submitted and passed by the Shareholders.
The thanks of the Shereholdere were tendered to the President, Vice -
President and Directors for their services during the year, and to the General
Manager and other Officers of the Bank for the efficient performance of their
respective duties.
The folloyzing gentlemen were duly elected Directors for the ensuing year:
Messrs. W Austin W R 13roeit James Carruthers, R. Z. Christie, J.
0. Eaton, J, .11 Foy, K.C., M.L.A„ W. D. Matthews, A. M. Nanton, E. W. Hamber,
U. W. Hutch nson, and Sir Edmund 13. Osier, M.P.
At a sub equent meeting of the Directors, Sir Edmund 13. Oster, M.P., was
elected Pres ent, and Mr. W. D. Matthews Vice -President, for the ensuing
term.
GENERAL STATEMENT
I I
LIABILITIES.
1!
Capital Stole paid in $ 5,811,344,80
Reserve Fuitd $ 6,811,344.80
Balance ofProfits carried forward 647,688.32
Dividend N. 125, payable 2nd January, 1914 171,393.08
Bonus, Tev!per cent., payable 2nd January, 1914, , . , 116,176.70 ,
Former Dividends unclaimed 1,310.70
ii 7,747,913.60
Total Lialities to the Shareholders 313,559,258,40
Notes in 'circulation $ 4,630,890.00
Deposits riot bearing interest $ 8,604,347.66
Deposits b,"ertring interest, including in-
intertUtt accrued to date 51,184,242.71
f - 59,788,590.37
Balances/due to other Banks in Canada 540,263,77
el1ances4lue to Banks and I3anking Correspondents
in the Vnited Kingdom and foreign countries783,418.32
ills Paiable . 184,747.44
.,'cceptailces under Letters of Credit 931,914.76
10bi11tiCs not included in the foregoing 87,378.99
Wel Liabilities to the Public 366,947,203,65
\\e p 380,506,462.06
e, ASSETS.
Gold and Silver Coin $ 1,609,657.87
Dominion Government Notes .,.. . 8,524,405.25
Deposit in Central Gold Reserves 500,000.00
Notes of other Banks 674,007./2
Cheques on other Banks 3,048.680.85
Balances due by Banks and Banking Correspondents
elsewhere than in Canada 1,609,129.65
15,965,880.74
Dominion and Provincial Government Securities, not
exceeding market value 407,120.43
Canadian Municipal Securities and British, Foreign,
and Colonial Public Securities other than Can-
adian, not exceeding market value 531,352.85
Railway and other Bonds, Debenturee, and Stocks,
not exceeding market value 5,299,059.67
Call and Short (not exceeding thirty days) Loans in •
Canada on Bonds, Debentures, and Stocics 4,651,964.71
Call and Short (not exceeding thirty days) Loans
elsewhere than in Canada 247,498.10
Other Current Loans and Discounts in Canada (less
rebate of interest) 48,495,567 06
Other Cerrent Loans and Discounts elsewhere than
in Canada (less rebate of interest) 24,275.99
Liabilities of Customers, under Letters of Credit as
per contra 931,914.76
Real Estate, other than Bank Premises 16,569.56
Overdue Debts (estimated loss provided for) 146,132.38
Bank Premises, at not more than cost, less aniounts
written off • 3,488,029.08
Deposit with the Minister of Finance for the pur-
poses of the Circulation Fund ' 263,900.00
Mortgages on Real Estate sold :writ. - 37,196.32
Toronto, 31st December, 1013.
27,102,876.40
53,403,686.68
880,606,462.08
C. A. BOGERT,
General Manager.
PUBLIC SCHOOL REPORT
(Continued from Page 31
E. Kew . 591
Lillian Ellacott 565
F. Snarling 557
M. Johns 546
A. Sturdy .... ....... 545
D. Lynett , 516
Laura Ellacott .5°7
H. Mills .484
J. Vanstone.... 424
C. Showers 384
C. Stapleton206
Jun. Section. Total 725.
A. Baird .. 667
N. Boardman ..... .033
D. Perrie 013
A. Munro.... ..... 602
L. Johnson .000
H. Wilson .... 591
W. Ellacott .... 551
R. Williams .... 635
M. Seli 502
I. Bell 496
ABS LUTE
SECURITY.
Contoine
Carter's
Little Liver Pills.
Must Boar Signature of
ce"aayee--
See Pac-Shrille Wrepper Below.
"Orr fame,' end as M-5,7
41!"03 ta VC:3rd,
FOR 1:1AWIllg4
FOR ClalSS,,
FOR IlittlaL
FOR 'TORPID LIVER,
FOR CONSTIPATION
FON SALLOW SKIN.
FOR THE COMPLEXION
tzt,
°WU SION: HEADACHE*
CARTEri8
Ere
F. San .. 474
C. Hingston „ 441
R. Barrett ... 434
J. Ard . 12)
N. Morden 410
W. Angus .... -364
F. Piper 347
V. Forler310
S. Hohnes ..... -302
DEPARTMENT V.
Sr. Section. Total 400.
A. Scott ... 372
M. Cosens ,„ 362
F. Frost ... . 352
N. Isard ...... 3,60
G. Fixter .„ .... „. 342
S. Robinson,.,. 316
S. Harrison 31:4
R. Clark ................314
M. Redmond. ....... ...312
A, Irwin „ . .312
A. Gould . 310
N. Clark ..... .200
M. Dennis 286
L. Bell ..... • ,.. 284
E. Wild „ 282
D. Piper 280
K. Donaldson 278
L. Campbell.... . 248
A Brown.. . 218
11. Williams. ,. . 218
M. French 180
S. Bennett . 104
M. Vanstone 34
Junior Section.
M. Pilon„., ...384
S. Frost .374
E. Taylor.... 372
0. Bowers 352
W. Brooks .346
L. . ..... 344
V. Anisbury- ...... .336
D. Cloakey 324
A. Forgie 31.0
L. Sanderson .. 312
B. Irwin 310
C. Dobie.... .... -272
C. Lockman .... . 260
A. Williams.. 252
F, Pocock ......218
G. Bisbee ... ... 241
L Watson 238
C. Hinscliffe 286
E. Rogers ...... -.226
W. Mann .... ... 172
C. Mason . 160
E. Stevens ... 124
E. Gibson .... .. 112
A. Carruth ....110
C. Caseraore 84
DEPARTMENT VI.
Sr. Division. Total 382
B. Roardman .....381
F. Aldington... 378
J. Johnston 371
L Lutton .... . 373
R. Brown 373
E. Varey 372
C. Cruickshank ..... 371
E. Currie.... . 308
M. Angus aes
V. Robinson 364
G. McTavish . 361
W. Lockeridge 359
G. Simmons—. .356
C. Boyce .... . 352
G. Gibson—. .......350
L. Zurbrigg .....847
T. Vickers.... -333
R. Holloway.... ....326
H. Aldington.. . 318
C. Cooke.. ..... ....273
D. Thomas —.252
V. Bell 231
3, Bayles 143
Jr. Division, Total 362
L. Kayser ... ... 362
A. Williamson ...362
L. Holmes ....
361
K. Munro
360
Couldn't h Notisework
HEART VILS SO BAD.
Mrs. Thomas Melville, Saltcoats. Sask.,
writes:—" 1 thought it my duty to write
and tell you how much your Milhurn's
Heart and Nerve Pills did for me. My
heart was ;:o bad I COttiti 110t sleep, eat,
nor ,.'alk about fly: houl,:e, I could not
do my houseworh o, wimt lily
',aro .coat not do had to go untloe.
I had two small children (lemndilg. on
me besides three men in cook for, arid it
worried me to not be to do anything.
My husband hod Li:Jai some of your
pills, some years ago, and insisted on
me trying them, so I started, and be-
fore I had taken them two weeks I was
considerably better, and before. I had
taken two bos.es I was doing my own work
again. Anyone suffering from heart
or nerve trouble of any kind shoald
just give your pills a trial, If anyone
cares to write to me I will gladly give
them all the information I know Lott-
ettating yottr wouderful medicine."
Milburn's Heart and Nerve Pills are 1
Mc. per box, or 3 boxes for 31.25, at all
dealers, or mailed direct on receipt of
priee by The T. Milburn Co., Limited,
Toronto. Ont.
V. Robertson
K. Cruickshank .... -359
L. Hanna ... 358
M. Schaefer 357
C. Bennett. 356
V. Dennis 349
M. Hendrick ..... 342
C. Donaldson ... -340
S. Page 331
S. Hutton.... .... 328
B. Joynt 324
R. McLeod.... ..318
W. Sturdy 308
M. Holloway.... ....294
J. Carr . 275
B. Coutts.... .... .220
A. eloakey ....217
M. Stratton , 194
H. Aitcheson..„ - „ 177
C. Hardy 150
W. Clarke -127
G. Arde 115
J. Cooke .•,••• 87
P. Allorn .....
DEPARTMENT VII.
4th Class. Aggregate 000.
li.Cdslick ,„
T. Stricker „„ „. 520
0.Patterron .. ,......
ZW
Carruthera... -.400
L. Hicks „,
W. Bai1e:57.. ..... 440
D. Lloyd.... ..... .425
B. Dobie ,410
F. Bell , 330
E. Forgie 320
E. Hill 315
M. Hendrickz '290
0. Showers.. 285
M. Holmes „ . 205
W. Merkley ..175
G. Simmons.... 130
E. Amsbury • -125
H. Wright.... 40
3rd Class. Aggregate 560
A. Field ......525
F. Hart 450
D. , ..„420
K. Carter 410
B. Jarvis .....365
T. Isard 805
G. Anderson 300
M. Swanson 305
W, Kew ..., 290
E. Simpson 265
L Aldington 205
A. Doyle 206
M. Fells . ..... 125
E. Blackball 65
T. Saint.,....,..
Wingham Club
4••••••••••••••••
NOW OPEN FOR
MEMBERSHIP
Club to be opened on or about
January lst
Will have facilities for all Out-
door and Indoor Sports
Will also have Literary
Department
The Club has applied for in-
corporation with the following
provisional directors - N. I.
Sinclair, W. H. Gurney. A, II.
Wilford, A. L. PoslIff, G. R.
Smith, W. A. Campbell, Dr.
A. J. Irwin, J. Ritchie, R. A.
Currie, F. B. Walker, IL 0.
McLean, Dr. G. H. Ross, Dr.
H. J. Adams, J. W. McKibben,
L. Kennedy, W. A, Miller, R.
Brookes, G. Jacques.
The Membership Fee is $2
initiation and $3 annually.
Application for membership
ma 3 be made to any of the
above mentioned provisional
directors.
The Club will meet the
'wants of all classes. BE
SURE AND JOIN IT.
H. DAVIS
WINGHAM,IONTARIO
Agent for
Allan Line
Cunard -Line
Donaldson Lines.
Canadian Northern Lines
Ocean Steamships.
2nd Class --A. Corbett, L. Bennet, P.
Pilon, H. Wilds, K. Irwin, E. Lewis, E.
Williams, R. Carr, N. Fixter, F. Page,
C. Dickson, C. Louttit, I. Ellacott, E.
Wolfe, M. Vansickle, F. Angus, H.
Vickers, W. Scott, E. Thornton, G.
Ledeitt, P. Stokes, R. Lockman, M.,
Coutts, E. Walton,
A. L. POSLIFF,
Principal.
'LEAVING TOWN
I'AgNNIMMIMMM"...MNMMIOMIIIIII"MlrallraIMMMIMINIMIIIIIINIMIMMOMIMIMMP,
7,000 Stock
of
Watches, Clocks, Jewell-
ery, Silverware, CutIGlass
Leather Goods, Ladies'
and Gent's Umbrellas,
Stationery, Wallpapers,
Windowshades, Fancy
Goods, etc„ to be sold at
and below cost.
As owner is Leaving Town
estesseatameecresee.
Everything Must be Sold
Sale is Now On
A. M. KNOX I
'Phone 65 Opposite National Hotel
Children• Cry
FOR FLETCHER'S
CA.S"T"CDR1A
A cyclone from the Atlantic caused a
panic in St. Petersburg. Trees were
torn up, houses were dismantled, and
the canals overflowed It was stated
that complete inundation of the Observ-
atory was only averted by the ice bar
at the mouth of the Finland estuary.
Mrs. Mckenna, who was sentenced to
eighteen months in prison for defraud-
ing the Bank of Ottawa last fall, was
released on parole, Chief Burke of
Brockville, was on hand when she left
prison and she was immediately arrest-
ed -again on a charge of defrauding the
Bank of Toronto of $400 in June last.
The woman is a nervous wreck and had
to be removed to the hospital.
W. J. Gage has given a further con-
ribution of $100,000 to the Nationat
Sanitarium Association, making his tot
al gifts to this cause over a quarter -mil-
lion dollars.
A stading army of 3,000 men is to be
formed from the Ulster volunteers.
They are to live in barracks and will be
paid five dollars per week. It is said
that a large number of volunteers are
anxious to serve in the standing army.
HELPS THE SICK
TO GET WELL
••••••1111.111110.1101•1
A Good Friend To GIN PILLS
The letter below Is only one of many
that shovt bevy GIN PILLS are regarded
by those 'who have used them,
The first consideration in building a
poultry house is location. It is of great-
est importance to select a site having
well -drained soil, next to having a. con-
venient location. The poultry house
may be nearer the residence than the
live stock barns, and as women have a
large share in the management of the
flock on the average farm, it should be
so located. It is undesirable to build
the poultry house near granaries, cribs
or barns which may furnish a harbor
for rats and other vermin which prey
on poultry. A sunny location well shelt
ered from the north winds is highly de-
sirable whenever it is possible to obtain,
it with out sacrificing ground drainage,
"I think it my duty to tell you that
GIN PILLS are a sure elite for Kidney
Trouble and La Grippe. suffered so
much with my kidneye and La Grippe.
until I used (l IN PILLS, and now would
not be without them in the house, /
shall always recommend G114 /nLts to
anyone I know is suffering with their
Kidneys."
111i0'111.1r,mt, VANCOUV0,11, 13.0,
GIN PILLS are sold on a positive
guarantee of money refunded if they
fail to .give relief. Sot, a box -6 for
$2.50. Sample free if you write Nationat
Drug and Chemical Co. of Canada,
Limited, Toronto.
MANGA-TONE BLOOD 8,t NERVE
TABLETS are the ideal tonics for Dale,
tliin people. 500, a box -6 for li2.50. 207
PRINTING
AND
STATIONERY
We have put in our office a complete stock of Staple
Stationery and can supply your wants in
WRITING PADS
ENVELOPES
LEAD PENCILS
BUTTER PA PER
PAPETERIES,
WRITING PAPER
BLANK BOOKS
PENS AND INK
TOILET PAPER -
PLAYING CARDS, etc
We will keep the best stock in the respective lines
and sell at reasonable prices.
salielIMIO1110111••••••••••11.k
JOB PRINTINU
We are in a better position than ever before to attend
to your wants in the Job Printing line and all
orders will receive prompt attention.
Leave your order with us
whey in need of
LETTER HEADL
BILI. HEADS
ENVELOPES
CALLING CARDS
CIRCULARS
NOTE HEADS
STATEMENTS
WEDDING INVITATIONS
; :POSTERS
CATALOGUES
Or anything you may require in the printing line.
Subscriptions taken for all the Leading Newspapers
and Magazines.
The Times Office
STONE BLOCK
Wingham, Ont.