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HomeMy WebLinkAboutThe Goderich Signal-Star, 1946-11-28, Page 9• .t 'IIURBDAY, NOV Report; of,(ounty Jnghiecr Patterson County Bngliacor i.'s.tterr OTa'0 report over bridges that were designed .ori in- tan.,ouanty Council at i>;s �es�loan tart the C c 1 rally.' for eight togas. week was as follows,: The work,,a the year Was vOMPleted, generally, as planned, although nwe Were unable to lay' than proposed sur- face ntlrth of ° Brussels, owing to 'the lateness of the res om,'but wa could The rebuilding of all old steel bridges must be given atteantiU as .soman as posaible. Year's will bo required to complete theand with tl ,,scarcity of steel and other building materials and high costs, it will be `some years before' many can be replaced. q • t have carried it out had we known that 'ZIA Spraying ire summer season was to beI IA • year, our weed ,_spraying was , Fextended concentrated on exterminating. leafy As it was. spurge and Russian ' unapweed in the The scarcity o a i f ter 1 >- ty � a s is still a: county. When this is a,ccomplishjed, it greait handicap to the completion o$ is proposed to devote_attention to bind - Work. Maus --aa: -aft--the-Auarket- and we'Weed and otherbad' weeds tna.t have substitutes are inferior and dearer, so of yet infested 'all the fairms. Where costa; are considerably 'higher. It.. armers have clean farms, an effort has is doubtful' if 19.17 will,, see much re - fief from this condition, and if there Is- any change in costs it is likely to be upward for tn: year or so. On this uccotnnt, and because linen are generally enjoying full employment, it would not be wise to rush into a big. post-war construction program. On the viler ? , , ,ns • oT land adjacent to County hand, there has been much work u�i= ruad , -roads for;thE purpose of planting for done during the war years that de- ,snow control, and to provide extra 4ands attention—needed maintenance right -o2 -Way. About twelve years ago this- County planted a few hedges for the preen - 'don of drifts on the roads and these have given good, service. Several methods were used, but it was found. that the most practicable method is to buy' the necessary land and plant the, unchanged, and of all the projects car- full area to trees, not necessarily all ried out these have the closest reseni- „ evergreens, This practice • has the blance to pre-war prices, so that it advantages of lower cost of planting, will be .reasonable to carry on with and more certainty of the trees' sur - such work when •desirable.. viving. During the :past year heavy loads, . Jluny sections trans of our roads should be have caused the collapse of two steel so protected and it can. be shown that bridges on Provincial highways within the cost vV�ill be met in savings on the county, and such heavy loads are snowclearinlg alone. In addition, there using our. bridges frequently. Some of will be adNtntages, as follows : these bridges are high, and a collapse 1. Better snowclearing service. b could mean loss of life. An attempt 2. Room for ditches and flat slopes - was made some years ago to Jinall,t the l •-•..-on road grades. - loads on these bridges, but the Depart- i 3. Road grades can be built higher nient. of I-l:•ighways would not approve.: above the water table, reducing ,However, I believe another attempt damage .tnrage from frost. . . should- le nra-de, -an-d. in any case signs 4. Rooin for pole lines away from should be erected Warning traffic not the road, permitting unobstructed to take twenty -and thirty -ton loads cutting of _roadsides. been made to keep the weeds on the adjacent roadsides under control. It has been noted, however, that general seed destruction on roadsides adjacent to fieldsfull of weeds does not appear to do " any good. - The County has purchased several that has been deferred, dangerous sec- tions of road that require improve- ment, culverts and f ttdges th(it must be maintained or replaced. We find; . too, that cost of our _hard surfaced , roads have not advanced. much, owing largely to the cost. of bitumens being May bewarnifn. . Backache may be a signal your kidneys are failing to filter excess acids and pbison- ous wastes from the system. Dodd's Kidney PiHa. help relieve this condition, often the cause of backache, headache, rheumatic pains or disturbed rest. •Dodd's contain essential oils and medicinal ingr -, drentc.whtch ac di ecdy_on, tlte_.kidney . •w - �'�tid"=#ieTP'�Fie-peg+aifiit`""horlu�fla""`la'c�"tion._'.fy Get Dodd's Kidney Pills to -day. 138 5. All the -advantages of reforestation and eon8ervation --on the areas plan. llutedein=l�sxtYipnient Is Old • This- year a considerable sum. was expended for new equipment, but_most of our equipment is old, and; when available, replacement for many ma- . chines will be ,advisable. It will be found advantageous to purchase other machines that «•e do not how possess. Our machinery operations were car- ried on at a satisfactory cost, The new International truck and trailer hopper earned enaligh, above operating nosto-: pay', dor ..'"eatr'at>teina resj 1'd"0- one hotiisan'd doTlas. Our tar distributor, which is fifteen years old, continues to save a lot of - money for Jobbers for Wheel and- Rim Co. Bring in your steel tractor wheels and:, have them converted to ' rubber! �. .. � 247 or 658 PHONE BRADLEY & SON GOa7ERICH WE SPECIALIZE IN PARTS HARD TO GET ANIMAL OLD -DISABLED SE.4ICE DEAD. CATTLE • HORSES • HOGS • SHEEP • CALVES Promptly and Efficiently Removed Simply Phone Collect 910r16 Clinton 215 " " Stratford WE DO THE 'REST I ORM YOUR DEKALB TODAY FROM H. L. STURDY � p d?.i UCII\1 ONT. THE GODERICH SIGNAL.STM .t �. . County. ,Over , gallons 7 4f IdEdgar, O.E.�., pC'lR0 n k an Q8te z q bli1rn &emsprlyd, -at--a las;• f . 8leia of--ikne'fDi su3mittia��D1CIII, k, s.,pso lpr galko, whie current contractre 'Caldwell drain. Ij roaAn Lloy Tall, en. p 1ccs for ;stuck woi<'h is'ab.out 22,1e. //yy elosln: ' an iteluize. statement saving � !" `I.v 4� �• , .. � � rtaatc..- � t QV �A1; t, about $.0,000 is ,idnaiia<ated, in 'leases bleurred in 'repairing the Toll PP ,(.tP . The' old machines that t we drain.. .r . have been trying to re iaee statggIlaaA deputation Prcn;'u�il; Library through the worli to be done, and the B bard, dlelgrave, 'met with Council con - coots were better in some instances eerning a gra!t. than ` expected: . -'i Motiorn by Councillors' McDowell and • ... ._ _____ , _, _.._ - a Robertson that an extension of -time be © U CIl,�z'anted Mr.. dgar in preparin,g"reportr Carried. Mothby Colncillors Ruddy -and nd EAST WAW4 NOSH IR.obertson that Bel rave Public Library Council met on November '15; all receivea grant of810. ('ur rl members present with, the etception The members noted • withnoted sure of Councillor Black, visiting in Westerh the presence of Mr. Stuart MeBurney tanafia, Reeve J. D. Beecroft pre- at the meeting,. sided'. A revised account fur sntlwplowing The following cerrespondeoee' was in spring of 1940 was passed on to the presented: From J', II. Kinkead re Roaid Superinrtendent for his accounts. payment of school trustees ; filed. Prom The following accounts were ordered 3. W. Bushfield re Townshifn 'of •,East to be paid : Stainton h airdware; ceme- Wawanosh and Scott ; tiled. From tory fence, $29.611; Wingha m horse mp a Ma . Nh'�i�nfr! Chow; gr'a at, a 9 . . eeerofty celet lust ro , $',j; cJ) ? Q111I, do., V; R. 1llaidaioand. ally., ;1 1 . Iitunr'o, fool - seam .,$11 g, 91.110 171n3 Kann I dyiigice-. Thneu, voters' lists, etc„ $70.17; CI NX, tariuounceanienta, $1.59; Coriloraticin of ][Myth, balk rent, Division Court, $20; Belgrave School Fair, grant, $15; 3. U. Currie, sheep claim, $170; Or. 1?. I Ee- Qallurn, valuer's services,$..t.fll); ('ounty Treasurer, hospital account, 811.45; Roy, Toll, Toll drain, 813.43; Rev. G. Dunlop, library grant, $10; 3. F. David - .son, brushing, $22.30; 7t"elfor Cooht, ditching, $2.25; Uexuoai it'uin, in- spector, $45; Gordon Smith, checking, $U1.35; Joe Kerr, crushing and hauling, 0,610185'.;. Hugh, Wharton, 'i)v' 4 .l5; D. Murray, welding, 84.. Claurt or Revision A Court of 3Revis1on was held on November 15, at 2 ,o'cloe1 , on the assessment roll for 1947 as presented 1)5 Assessor McDowell. Several changes' were made, due to PAWN NMI rea?Ra�t ehangcs of �wnol'�9zi',�~i,-_-_ a.c.•aont eve' tall. - A �y v ill can. 12,, 0wnca by 3eI t ZIa(Z war cvfu?' l $200. 413 Tato furt+lcr airpenls,wOue, gmcGenWd. the• (Jourt �. Revision f a)� i7 QDIIb . � 0 a3 at�a'Gd a d the roll as a me%ndpd was adopted as that en which -1917 taxes will be levied, on motion of (aonnellt6rs udd ` arae Mei)uwell. r., Council adjourned to meet ora Decera- bex 1L,r . m . L. R. RJDllid�l�T1iD, i Township Clea POLIO COIUE l •;Filson Haiwkin , aleal'ortil,' pleaded guilty in the weekly Police Court last Thursday of keeping liquor for sale,- contrar to regulations of the Canada Temperance Act, and paid a' line of $50 and costs. Under a search war- rant the police 'seized a quantity of beer and several brands of liquor on 1 n t "avvai l Thit moat selleiid ds* it tie releaitied,w kruviausii Oe i t*b s If, G1aII i` i V1111 ix tie cceond c, navZtlio in halt U4 ar twit ligeacling gunty to «`i lilirli'e or v&g r'aaaey, at Grand Lend on Noveulber A. L. 4ral4,rertsorw as granted Fended s:'nton fogwa ix months by Affaglt3trato 3. W. Morley jou band of 100 and off,to. . teeuEcdhsElI asked bowebolder for a blanket and a Arte to . fleep, '` Ile shovved tbo court t it 'ehar e papery from *s l{itary GerMice, 11Ii1 e 80100, . Brantfor'dA. P. McKay and ars. M. i rainer, Tora)sato, were, eaaeh lined $2i and costs for cer'vl meat on meatless days. Tbo : were • conce$ ssionaires at the International flowM ing atch anti sold winners International hannburgerls on Tuesday and • Trl'rlday,, If you dont want, it to sonic. body : who . does 1 Use a 8igna3l-$ter want ad. • t0,40,,r w Merchants, businessmen and people in every sort of enter- prise borrow a lot of money from the 13 of M. One of these was Mr. 13. R. 13., an expert baker, who, after service with the Forces, wanted to own a smallwholesale bakery again. Lacking, the ready cash, he :repine to thel3 of M, obtained a i loati;aadisnowrunning, a Profitable ltttte, business. -Thtfusands-e 3asm Y �� with big enterprises and little ones—use 13 of M loans to help them in their financing. --- The dollars they borrow oil the Wheelsfacilitateproduct; Mid- d - industry, tion and create employment. • (1 M1 B of M Personal Loans helped no less than 157,020 people during the past year—people like Mr. A. L. T.., who, needed money to help him finish con- structing his own home. He got three B of M Personal Loans, totalling more than 1600, over a period of 18 months, and he has. paid them off regularly in monthly instalments. Now his home ' is in fine shape and the loans are repaid. Interest Cost' of loans: $32.53. Over 500 people from every -N3014,o ,-.:, ;,vgrrl0,10 the° ? f every` business day to borrow for personal needs. M,Ilty 01001A • BANKING is not the mysterious business some people are .inclined to think it. In its 'fundamentals, it is no more comp/ex than any other type of business. ' ,The chief difference. is that, instead of dealing in goods, your bank deals in money ... money which belongs mainly to you and to the many other Canadians who deposit their funds with the bank. At the B ofM, for instance, well over a million peoplehave placed on deposit close to one and three= quarter billion dollars. " This :;money doesn't stand idle . a .,.it works to earnIg keep, This is why, as you will see here, some of the dollars left at the B of M are lent • to merchants, businessmen and manufac- turers anufacturers to assist them in their operations, while others are used to finance the needs of governments. Some enable farmers to improve their farms, . buy machinery and market crops. Many others .go out to help citizens in their day-to-day financing — in meeting emergencies and in taking advantage of opportunities. The sum total of all these transactions makes interesting •reading, not so much on account ` of the ' figures themselves, but because of the human stories behind them. At the close of the B of M's business year, it' seems a good thing,for these dollars to show what they have been doing and for the Bank to report on the trans- actions which it has -undertaken for its customers from coast to coast. , 1 Farmers all across the Domi- nion use, the I3 of_M to finance their needs in buying seed, cattle and machinery—in marketing crops—and lir im- proving their farms generally. ^:L 9 This means more prosperous farming communities — and ,wxl bigger agricultural prsoduc- i ton to meet the urgent needs of a hungry world. Typical of these go-ahead `•f• farmers is' Mr. R. 13• � ,.� �'C:•.L L., who wanted to clear and break acres on his farm. The job $325 would cost but his ready cash amounted to only $125. With the aid of a 13 of' •�:>;tiJ..,{;t . M:farm improvement loan of t•:•':,�+:�o;j ..$, he completed .'•; ompleted the job ►�,;; *4 and has considerably in- creased the production and profits from his farm. To muniilipalities, school dis- tricts and governments, the B of M is constantly' lending money for undertakings that benefit the whole community. Take the case of an Ontario town, which -to pay for' a new sewage system—was selling debentures amounting • to $305,000. The.. Bank of Montreal bought 4-4% of the • issue, a total ,of $134,000, which is now being used by • the town to complete the undertaking. Many,. municipalities use the • B. of M's facilities to finance community improvements and to handle their financial transactions gene -tally. • WHAT THE B of M HAS IN RESOURCES TO MEET ITS OBLIGATION CASH- .. The B of M has 'cash in its••vaults and money on deposit • with the Bank of Canada amounting to . . v . • . $ 192,687,153.28 MONEY in the form of notes of, cheques on, and deposits with other banks. . . . . ' • r . • ,INVESTMENTS: The 13 of M has well over one billion dollars in-. vested in high-grade government bonds and other public securities, which have a ready market. 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 reconyersion from wartime to peacetime production, and for ex- pansion of productive facilities in established fields. Valued. . at no more than the market price, they amount to,. . CALL LOANS: The B of M has call loans which are fully protected ' by quickly saleable securities: These loans amount to QUICKLY AVAILABLE RESOURCES: The resources listed above, all of which can quickly be turned into cash,, cover 85.35% 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 construction — to farmers, fisher- men, lumbermen and ranchers — to citizens in all walks of life, and to Provincial and Municipal, Governments and Schobl Districts. These loans now amount to . . . . BANK BUILDINGS: In hamlets, villages, towns and large cities from coast to coast the B of M serves its customers at 498 offices. The value of the buildings owned by the Bank, 'together with fur- , niture and equipment, is shown on its books at . . OTHER ASSETS: These chiefly represent liabifiCies of customers , for commitments made by the Bank on their behalf, covering foreign and domestic trade tranattions, totalling $21,538,615.59. TOTAL RESOURCES WHICH THE B of 'M HAS TO MEET ITS OBLIGATIONS . . - • - 98,358,231:24 1,099,728,432:17 56;022,9'26.42 59,391,558.13 $1,506,188,301.24 301,659,974.44 10,575,688.13 25,561,623.59 $1,843,985,587.40 `.i If you are a B of MPdepositor; then it may' be your money which assisted Mr. P. R. B. to buy his bakery -which helped, Mr. A. j . T. finis constructing his home— which enabled Farmer R. B. L. to make his farm more pro- • fitable—and which helped finance the new sewage sys- tem forthe Ontario` town. Thatwor'king money of yours is part of $1,700%000,000 which well over a million Canadians have deposited• at 498 B of M branches from coast to coast. Each one. of the 1,531,658 B deposit accounts is an expression of , trust in Canada's, first -estab- lished bank, which has been -' working with Canadians in every walk of life for 129 years. WHAT THE •B of •M .OWES TO OTHERS: • • DEPOSITS: While many, business firms; manufacturers, merchants, farmers and people in every type of business have large deposits with the )3 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 . •-w . • , . ' $1,736,212,708.33 BANK' NOTES: B of M bills in circulation, which are payable on pfesentation, -amount to . . . . •, • 5,512,707.50 OTHER LIABILITIES: Mi§cellaneo0.s ;items, representing mainly commitments undertaken • by the Bank on behalf of customers • in their foreign and domestic trade transactions totalling $21,538,615.59. .• ••••• 23,003,885.74 • c• TOTAL OF WHAT 'I HE B of M OWES ITS DE'OSITORS - AND OTHERS 1,764,729,301.59 III PAY AIL IT OWES, ,THE B of M -HAS TOTAL RE- SOURCES,S SHOWN ON THE LEFT SIDE OF THIS STATEMENT, AMOUNTING TO . . . . 1,843,985,587,40 WHICH MEANS THAT THE B of M HAS RESOURCES, 'OVER AND ABOVE WHAT IT OWES, AMOUNTING TO $ 79,236,285.81 This figure of $79,256,285.81 is made up of money subscribed by the shareholders , who own the Bank and, to some extent, of profits which have from time to time been ploughed,•back into the business, to broaden the Banks services. PROFITS: After making provision for contingencies, for, depreda- tion of Bank. premises, furniture,, and' equipment, the B of M reports a profit (including an adjustment in United Kingdom Taxes 1938-46) for the twelve months ended October 31st, 1946 $ 10,263,782:91 Provision for Income and Excess Profits Taxes 5,776,000,00 Leaving a net profit of . Of this this amount, shareholders (paid dividends at the rate of 80 cents a year, plus an 'extra distribution of 15 cents, for each $10 -share of the Bank) received or will receive 3,420,000.00 Thus, the net amount to be added to the balance of profits from previous years' operations is . . . • Balance in- the Profit and Loss Account at October 31st, 1945, amounted to . . ' • . ° 4,487,782.91 T ransferred to Reserve Fund, which now amounts to $42,00,000 and is included in the shareholders' funds of 879,256,285.81 mentioned above 3,000,000.00 Leaving a balance in the Profit and Loss Account at October 31st, 1946, at . .. . 8 1,256,285.81 $ .1,067,782.91- 3,188,502.90 ,067,782.91-3,'188,502.90 '4,256,285.81' • +ar-.r j;`sans}?:ti4;�Jr,{.;•!,•r}w!.ve;: `.+rn+?{i�},,f} ..{n..?+::••. ♦ •,, ;.,.,,, R f i'-. :: A•,'u r+h}:! :..�.A•{.YK•.}L\;K :•A1'.}}?,SL4•.hf•.li. •.11;1 •h4 .•..Y^, •,..ta ...%. vf, i Vr,! '1, ?.L. '•:!1.Y •.•,v: .:y+. J=Yr. '• q... .. }. rr. ,: .•}., .fl, .. 1r. •,. , ... J. :. }.,. .,.. r. •.� ., ...,. ,...t.} � .,.. � .1. N. ... .: ,}.::::-:ti:Vr }., • .V}srwrl. rJ.Vf NJ..{VN%J...hV:'Jr Nri�.ir.'�N.{':,...,h..:VVJ..:.v,µ r.. ,}!}. J.. ...V...V.•• :. .:,J••y.. ,.. ... ..�...,. .:, .... :.. ,:••.-•,:'. : ,-1 1•_h.•A„ .. •.:.. 4., .:. f.... %JJ � I .y ^� . . � k .....J. r..,.. V:.:�� ..1:•.,}.'r.. vJ.:•.4'.}:.V}rrLij A tip/^, '}?>,.�µ.: r..�•.ivJ��%{•:tii•::'r • J...: � 1.,5, . . .. .. ..... ...... v ; Q RKI-N.O WITH 0 • ANK QF MONTREAL C, A N A 0 1 A. N S A.A'N EV:•ERY w'AEk ,p .:L ..pE 'SINCE I. 71'18 • • •