HomeMy WebLinkAboutThe Goderich Signal-Star, 1947-01-16, Page 6TI1E ROYAL -BANK OP. CANADA
•
ANNUAL MEETJNG
• declares increased industrial output,
Syd• ney,• O. ��l'�?5911� President,
<<r, �o.a e i,c eft . and io1rdl slstalat�la
sen
a
:,t➢ >R"�t31 Ii
between �a
�� t➢.
provide beck of future prosperity—"If
tax eared>ltct D ,W would� df3 there Ao
`business lab ,a �d. Govern ;r'i;0a+�4 keep t neir heads,
reason wh we should no co .s; rr> roto our de&aged xe0O.aver 0
. , yeg and prepare to stop. forward i_� future."
•reports aaSetS �t • record • level for
�e � era Manager, ' a assistance
ce
�.. h coxtseeUtiYe. pear -notes increased, financial
e e busi1 ess, and. r Q ividua1s—dop0S1t3 • +t $1,963,,103,951
rcad..x� d aches va1uahie ,Id. to traders.
. ,i e4,cla new nigh pobat-=---firer branches
Government ex- satisfy most of their •v her• wants.
"4V�,i�si � that lavish
�� 'end"itur i provide no. assurance of good
1P 4
c n
not
and
s a
dynes, a� °that living stand p
be .raised through lesd' production anti,
. higher *ages, was voiced by Sydney and
i. Dobson, President of the Royal sent oued that had beens will abandoned survive,
be
7 aanllp of Canada, at the bank's �aunual returned to. Ou the whole our Can -
Meeting. adian people are sensible and sound.
and
.On the other band be declared that They care entertained by picture
increased production and whole -hearted stories of Utopia, but they know ture that
CO -operation between management and success fs not made of dreams. .The'
labor would provide a solid basis for story of Canada's Nadvancement is one
tosperity. He also noted. that the pre- of people and resources, and the in-
r�
a
e",;4DE IQII Ih!�N4 L.WaN+4 Yh
v. �cfA RA.mayW.A.r `°C anadlian6 are costk3' and the price Ceiba# . I ap pro�Q � . GEORG $ alt`C WA
zxssaa� its eo>�as�rvatian
.
,+ u-
• t rad
, IIs rola
gc�r�eraflly' saaa�p�ii�aal► he sate, ��li0n. the policy of removing to g
they learn that .their Pulp and pwaPer illy, lmt as .quickly as CQode and ser The Woman's Auxiliary of . St.
mill tale only about 23 per cent. of the
takes 3 ler a n uan .er
a vica.'e become available, and I anb la0llt': Ga'or^a►s church et in the Guild r®oxla
annual lomat crop, while fuel wood ful that world and douicette conditionaa on Tuesday, January It4t1#, wiffh the
I tt lumber " `and naiscel will coon persalt tie to rd burn to as gree president, Mrs. IL ,ll. Farr, in the
laucous preducts take 41 Icer cent., and econoaaay. chair.
pulpwood exports use over 5 per cent.' it
1
<, . create more
paper aZ l
pulp e
"Though: l ui,l 1 1
employment than any other manufaC-
tune and is the lat;sgest single item in
14
"'phi , country, reached Maturity Thi meeting 'was opened with. the
11
call and r politically °baa of Y � t-
its r a� 1. Y.,
Y he i
throughfollowed by t
.�. bra
industrially. If bii;iileba, labor aud xnem c prayer, ,
, >' he. s there an prayers led by Mrs. Fred
,Ilion..
t,or erlliuc.ut keep, their `td
SUCCESS NOT MADE OF DREAM»
"There have been all sorts of plaids
t
laid- Out by advocates of _uiproveuien
in our a :Quopaiic affairs, but it is becom-
ing clear that many of the old principles
is
sent 'level of taxation was as drag on
business and that substantial tax re-
ductions would give an 'incentive ,to in-
dividuals and to . industry., encourage
expansion and new° ventures, encourage
greater production and, lowet prices
and, therefore, prove anid to a higher
standard of living.
CANADA ®PLAYS FULL PART"
Stressing the- increasingly important
role of Canada . in 'world affairs, Mr.
Dobson said: "Canada is playing her
full part in the peace organizations
and served on nine international bodies.
She was the second largest contributor business executives who are trying in a
of food and the third largest contributor sincere way to develop a better know -
of money to UNRRA.. She . hey ,the ledge of what the consumers want,
largest store in the world .of the basic there is no reason why- Canada cannot
essential. of atomic energy—ura.niuna. look that, forward itable business, to a ariod •and higher
great eX-
I believe at, thc$ugh in numbers the pairsion, profitable
Canadian people •carry small weight in standards of living. -
the world, when, the account of .World "I regret very much the irresponsible
well-being comes to -be added up it wilt! outlook • many persons have regarding
be found that the weight of Canada's workevand
the time will one neY e hogb
tt
rnCCCSS was a big factor in whatever when possession of a job will be con-
ain
• success is_ attained.", a little
"I think .bat experiences of the past''sidered an asset, when having
few years have -brought home to all of•i money as a standby _will' looin larger in
us the fact that .business and industry , people's minds than leisure hours. True
exist to•latisfy the smeeds 'of people. • satisfaction can be taunt' only when the
"There are many wants, such as 1 worker values mainly the Work be does,
political and economic security, Pack- I and not how much he is i els . tino a high
omeel
Sties for improvement and relaxation, � his employer~to.pay.. .
competent health services, and wider
.education, but I shall speak particular-
' ly of the business aspects.' I believe
. that prosperous business conditions will
be the • bedrock upon which people• will
genuity of .the people in- using the
resources.
"Roughly ti8 per cent. of our popula-
tion are tinder 40 years of age... That
means that the numerical built of the
people is not yet 'set' in its ways,. but
is of au age to demand the latest, or
better than the latest, in devices; com-
forts and services of a11..kinds. It is a,
thought to keep every business execu-
tive on the alert, because people's -wants -
rule the market and decide the profit or
otherw se Tof° production.
eri tore .reading, from St. Mat-
t Th p
(anacia"s export trade, yet lire, insects no reason why we should not
l comps lete tx#ew 2:1-X2, was glycal l?y Mts• I'aliner,
atnd disease consume 60 pee cent. more our delayed revonversiti pp wair in Mrs. 1-12, the new president, Palmer.
wood annually than do the pulp and year, and prepare to -•stet) fl r� 4 dressed:the ia#he o and e'ent, ad -
paper mills: Other -countries have sale- i facture." • • .. her assurance of their hearty co a ed
tceeded tat practically. eliminittialg wast- GENERAL IWANAQ;€EIt'S ADDRESS ron in zlce of
it beartyrY• won-
er-
clave itue to nature. In Swedes, with In Iprescaitiug the baauk'S 77th Annual atduring the year. One new member
less than kis pee Bent. • of Canada's forest Report, Mi. Muir, General' Manager, was cordially weloauaeci.
area, there are more than twice as, stated that for the sixth consecutiveMrs. "dull d't and Miss I{;". Drown were
many forest engineers as in Canada.
VALUE MULTIPLIE
"I wish to draw .one fact particularly
to your attention. In 1915 the pulp and
year, the total assets of the bank, which appointed plain°fate for, the meetings.
now stood at $::,131,y74,316, had The members expressed their desire
rescued new record levels. New records to secure the W.A. lantern slides on • the
had been established in many depart- 'Study book for the next ,aueeting.
•
paper industry took pulpwood `valued meutsj of the bank's business. L i lu#d
x t-
at $122 million, and converted it 'into aesett? totalled $1,609,742,166 represen
ing 81.69. per cent. of the total liabilities
to the public.
"The volume of Commercial loans in
Canada is up by $25,789,321," said Mr.
Muir "but this does not give. a true
It was decided to cater for the
products which had a gross value of
$400 million. In other words, the in-
dustry 'multiplied more thaui threefold
the value to Canada of its pulp wood
cut. In course o a process, , ' ►
gave employment to 40,000 persons and 'picture for the reason that at isloveanber
f that cess its mills
paid them $80% million in salaries and
wages. In addition, it supplied workers
in the woods with employment and
their' wages amounted to $75 million.
When you add the purchase of materials
and supplies, $184 million, you realize
-how important the industry is to the
whole economic life of the nation.
"That this, industry could be further
expanided° is evident when we consider
that the pulpwood shipped out of Can-
ada in a raw state in a year would sup-
ply a large paper -making' industry.
"The lumber industry, which includes
production of sawnlumber, shingles
and boards, has been increasing stead-
ily. , As in the case of the pulp and
paper industry the value of the forest
cut has been much increased by pro-
cessing, •in this case almost doubled.
NEW PRODUCTS FROM WOOD
"In additiiou, new horizons are open-
ing up fon the use of our, forest pro-,
".liven an intelligent approach ,by
•d standard of living for everyone, and in
leisure, but I am sorry to say that too
many 'of our people today make high
wages and plentiful leisure the greatesf'`
aims of their lives. They pay too little
attention to the fact that • every pro-
ducer is also a consumer, so that -whir
Refrigeration
SALES •. ' SERVICE
-.. • ALL MAKES
Commercial—Domestic
Manning_Refrigerat1on
Service
Call for Free Estimate
•
50• ELGIN AVE. PHONE 1098
36tf
P NERAL ,SERVICE
• No extra charge for the use
of our. Funeral.Home, Toron-
to Street •
Prompt Amb• ulanne
Service ► r.
,235 -------Res :: 306; Or 7
they gain*. as producers they lose as
consumers. It is wholly false to say
that less production and more pay per
worker can assure us of prosperity
just as false as to think that raw ma-
terial and labor costs can be increased
without at least 'a corresponding in-
crease in the cost of living."
30, 1945, a Victory Loan campaign was
in full swing; nor is the 'loan total a
complete index of the" financial assist-
ance which Is being supplied by' the
bank to"' oticr clients in their 'postwar
business activities. Included under th'e
heading 'Other :Bonds, Debentures and
Stocks' are many millions of dollars
representing, the purchase ley the bank
of short- "to mid-term bonds and de-
bentures issued by clients to enable.
them to carry out expansions and.;
'improvements of a capital nature.
'In addition, the smaller class 'of
customer continues to take -substantial
advantage - at -our --facilities. This is
demonstrated, for example, by the fact
that during the past year we have made
a total of nearly 150,000 loans of $500
and under for personal' purposes.
"Our loaning business abroad has
also continued to expand as is, illus-
trated by a well., diversified increase
ducts, such as in the manufacturer of of $16,623,715 in commercial loans."
plastics and textiles. This field so far' RECORD. DEPOSITS
The. (general Manager noted that BEATTY WASHER SALES
total .deposits had increased" by more
than $74,000,000 to .the new all time
high point of $1,903,103,951. The num-
ber of deposit accounts in operation
continues to grow and, as° a matter of
fact-has,;increased -iii: Canada alone -by
116,000 during the. year bringing the
total in operation up to 1,(170,000.
"The profits.for the year were
'operation possible between management 1P03,244 greater than for the preceding
GOOD NEWS
for Housewives!
litaraiea'0 banquet Which is to Lal e
plate early in the a pring.
The 1"IDoeeaae eanninittee, Mise Brown
and a�.re. Stag# fords, ;asked. for don-
atienrl toward the outfits regl1ired for
two children In Cariletoai Indian Rani-
c16ntiel School.
During the afternoon, Miss Nancy
Wilmot situ- two pleasing solos.
• ��meeting
c r c.
The .resident closed ci the
p
with prayer. Mrs. Mile;, Mrs. 13rowz#
and Mrs, Shore served dainty re-
freshuaeuts.
Al OT_ Jt- 1 ROREN _ "WRISTb°
Mrs. 'Ali cert Goldthorpe, South street,
is in Alexandra Hospital suffering with
a double fracture of her .left wrist, reT.
ceived when She slipped on some ice
as she •was leaving her home to attend
church op .Sunday anrorning:
441, Amensomaim44.-salmor
ink vilionpuwammater
IF
MOST MOT41.35-00 RSDO THIS
IfBaby
as*OoId
You worry about your present
or future security,
Phone Carlow 1706 or write
D. R. ROBINSON
Monarch Life Assurance repre-
sentative, it,R. 4, Godericb.
36tf
..AT i301111ltls tub WORKS FOR iIOURS
throat, chest, bads while child sioeps-
#with VapoRub. Re- Often by morning,
lief•brinsing�€�ctioe : most distress of
strata right away...' tho cold is, eosed.
Illt est -known. home remedy
you can use to, relieve
'distress df children's colds is
comforting Vicks VapoRub.
Even while you Tub it on.
VapoRub starts to work t0
. ease distress ...and it keeps
on working during the night.
No wonder most mothers do
• this when a
cold strifes. '
'reel ht, try . V � C
POR u
� VA
J
Rheumatic Pains
The twinges of rheumatic pains are .quickly ..
relieved by the use of Paradol. ,One tablet a
dose at two hour periods, stops the pain,
continued use helps to relieve -cause 9f -pain.
Paradol does not disappoint. -
I andbag size, •
12 tablets, 35 ets.
Economy size,
60 tablets, $1.00.
and
Bolds
just been tapped,
has only �u t
tremendous possib% ties.: We cannot,
therefore; afford tb waste or to see
carelessly destroyed any portion of
our great forest resources.
"Throughout the responsible financial
press during late -months, We have seen
articles to the effect that today more
than ever increased industrial output
is a -necessity.' We - need the best co -
and labor. ~The high rate of product- twelve months' operations..
tivity which would result would be the "As you will have observed'•from the
onlyeffective' influence I know of Directors' Report, it has been decided
to transfer to the Reserve, Fund of the
against inflation." . ; ,y �
- Dealing with therriuestion of taxation, bank $5,000,000 from ..the amount at
Mr. Dobson noted :hat war expenditure credit of.Profit & Loss Account.
.was down to ..35 per cent. of what it "There will still be left the sub -
t~ wa`s'in 'he ak•year.. :'Yet the'govera- ., t ntial sum of $1,4671414 to be carried
meet is collecting in this taxation year forward
an • amount equal to 24 per cent. of "You will also note that the Reserve
the approximate\ 1946 national income Fund has been further increased 41,y the
e ' red' with 11.05 per. cent. in- 1938. f thef .$15,000.000.
Ouapa .
The Finance Minister set, his require-
ments at $2,769,000,000 in his last bud
get, compared 'With. $534,400,000' in 1938.
DRAG ON BUSINESS ,
FOREST WEALTH • "Now it doesn't. matter "Where that
Reviewing Canada's ' fortunate com- revenue is Accumulated by the "Govern-
petiti\'e position, Mr. Dobson pointed uient, or how it is taken, the withdraw-
rticularlY to Canada's 813,000 square _al of this Money constitutes a_drag open.
miles_et proddctiye forest wealth :arid business, . Substantial reduction in
urged that active steps' be taken to taxes would give an incentive to in-
dividuals and to industry, encourage
- . - expansion and new ventures, encourage
Cernelery
Memorials
T. PRYDE & wON
(formerly, Cunningham & Pryde)
Clinton, 'Exeter, Seaforth
Write'-Box„150,or phone 41J,
E$eter
Q4 -to
call.
Skill Affections 01,,ten
Cause For ,Unhapinness
Are you ashained Of your appearance because
of a skin rash, boils, pimples or other skin. affections',
Too few people realize that these affections may
be easily remedied. Impurities iv the blood. may
often be the caase for ugly skin affections.
To get relief -from sldn troubles, boils and
pimples, try Buda& Blood Bitters. ,Thit vegetable compound aets 'on
' the boVvela, kidneysaliver and Stomach. It helps -to eliminate Wastes from
. the system. The result may be a smoother, clearer skin.
B.B.B. has brought relief to thousands of other Canadians"suffering
from skin affections. It should do the same for zona Ask for it IA an,y'
drug counter. Specify Burdock Blood Bitters.
The T. Milburn Co., Mated. toronto. Ont.
greater production and lower prices,
and therefore. prove an aid toward a
higher standard of living.
"Some will say the Government needs
the money for social welfare and sub-
sidies and so on, but I would point out
that lavish Government expenditure
has been unsuccessful in creating pros
perity. "A `let the Government do it'
attitude will not get us anywhere, -and
necessity alone should be the decisive
factor in judging whether to retain
some of the wartime controls and prac-
tices. In' some cases the manufacturers'
profit has been squeezed between rising
AND SERVICE
announce that they will soon have on
exhibition and for sale'iti Goderieh the
new Beatty_ .Automatic Washer. This -
is good news for housewives because
the Beatty Automatic, does away with
95% of the manual labour previously
needed to wash and damp dry clothes.
• The only labour Y•equired to operate
the Beatty Automatic Washer” is that
of placing the clothes' in the Machine,
Adding soap and water; and turning; a
sw.itrh. Within a fey- minutes the cloth-
es will have been thoroughltr • washed,
rinsed and damp -dried, "ready for hang-
ing on the • line. The Washer even
drains and cleans autopiiaticelly-no
soap C lemnawpst:- -aaaa -a. -_.
Tlie new 'revolutionary feature of the
addition to it o .sole o Beatty Automatic is that the rinsing
brie It I d of the bank land drying is performed by li�y'draulic
up
"It may be recalled that in the de,
pression period of the middle 80's it
decided to tr transfer $15,000,000
CirChaseTP�ra
ging the Reserve un € pressure. No installation costs are in-
fo ;$40 000;000, in-
c,urred in installing the washer in the
home. It ,, is vibrationless and
can be • used in . the
�waS � � '�
from the • Reserve Fund to inner re- 1 laundry, kitchen or bathroom without
serves. Time, however, has shown this any C»ecial foundation.. No special
to have been , an overly • conservativee g; plumbinor .water heaters required.
ti
precaution.. '� Consequently the en °y
lois simply been reversed."
AID TO FOREIGN TRADERS ,
Discussing - the wide network of
brandies. operated by , the bank, • Mr.
Muir referred particularly to the use
f 1 role l.laved by the "hank's foreign
The washerr can be 'attached to taps as
easily as a girclen hose ; and water can
be heated on a stove if the home is not
with a water heater.
Simple construction is another fen-,.
ture of the Beatty Automatic). -It .has
ii less than half the number of parts of
lir:iuches in facilitating foreign trade. 1 an ordinary wringer type washer.
"The unique position which we ecciipy," F. SKELTON �Pr�p•)
he said. "as the Canadian bank with
'the most extensive chain of foreign HAMILTON ST. GODERICH
Branches, enables us to render export-
ing and importing clients a banking"
service which cannot be paralleled."
Mr. Muir spoke in highest praise of
the loyalty`, ability and interest of all
members of the staff.- "Your bank is
not the handiwork of any one'nran," he
said, "nor even of any, smith group of
men. lh-the•••contrary,• it. is a monu-
ment to the co-operative effort of many,
each .one serving with enterprise and
enthusiasm in his or her particular
sphere of duty.
-**1- eauuot commend these- Tien arid. -.•
women too highly to..yo:u,: nor,, as I see'
it, 'can theManagement Of- the bank
rendes a, greater service t� you than
that they. should., at all times try to
ensure that a staff such us 1 have
described is fostered, encouraged and
maintained." •
•
KINGSBRIDGE
KING SBRIDGE, Jan. ,14.—Mr.' and
Mrs. Cafell Hansford' and family, who
spent the Christmas 'holidays in Tor-
onto, have returned to their cottage
here.
Mr. Basil Reynolds of Hamilton is
Visiting with Mr. and Mrs. Ray Dalton.
We are' Sorry to hear that. Mike
Bowler was taken to the hospital last
Sunday, but hope for his speedy re-
covery.
While m of the sideroads are
blocked with now, the first sign of
Spring comes fr m Jim Doherty having
a ewe -with yoting lambs.
Mrs. Deb. Moore has gone to Jackson,
Mich., to spend the winter.
. Miss Mary Murray, who was visit-
ing with Mr. and Mrs. T. J. Lannon,
has returned to her home in Dublin.'
Fairba,nks-Niorse
Hammier Mills
Grain .drinders
Oil Burning Heaters
Engines
Fleury -Bissell
Grain Grinders
. Plows and Disc Harrows
John Deere
Tractor Stiff
Tooth' Cultivators
Diamond Harrows
Sin
GODERICH MEMORIAL'
SHOP
NEWEST DESIGNS
BEST OF MATERIALS
Guaranteed workmanship at
-prices that will please you. ,
SAVE ALL AGENTS FEES ,
Call at our office: or drop us a
:mil -141e- Picasedjo amt heir
ihoose a suitable memorial'
yoUr family plot.
R. A. SPOTTON
St. Andrew's St:
Combat That Cough
Dr. Food's Norway Pine Syrup is a prompt,
pleasant '"and effectual remedy for coughs, colds,
hoarseness, sore throat, bronchitis, spasmodic croup,
asthma and bronchial. troubles.
Safe, effective, inexpensive _ and dependable, Dr.
Wood 's Norway Pine Syrup helps'to loosen phlegm
and ' mucus, clear the air passages and bring ,quick relief. for cough; and
colds. t
Geta s'' ly `tif Dr: WoodAriqUiray Pine, --Syrup _today..-
1 `
The T. Milb-urn_Co.,T.iinited, Toronto, Ont.
Truly a
Funeral Home
Quietness, dignity with reverence,
and an understanding of fainily,
needs are,ever present ato
Funeral Home
E. E. CRANSTON
GODERICH
Phone 399W or J
iiimmommor
.ANIMAL
OLD -DISABLED. OR riEAD
,CATTLE,• HORSES • HOGS SHEEP • CALVES
PrOmpitly (MCI Efficiently Removed -
.iirnolv Phone Collect
010r16 Clinton
21 Ingersoll
215 Stratford
*f DO THE REST!
..DRYTLEANING and- PR. ESSING--
‘ GENERAL :REPAIRS
Guaranteed Mothproofing Service.. Waterproofing.
PICK-UP . AND DELIVERY
Phone 122 0, it. LOWERY
Cement Mixers and pum.p
Jacks
Pumps, Windmills, etc.
WE SPECIALIZE IN
,./Vjarnheil THE'.
ORDER OF ME
GOtbEi4 slag
Why Has It,
Grown? I
Why has the prac-
tice of making ar-
rangements in ad-
vance grown so amaz-
ingly in the last few
years? We believe
that it's due to the
fact that the war
taught us all to think
realistically. If you
are interested, we
invite you tg discuss
' yOur problems with
us, in complete 'Con-
fidence.
IVIERCURY-MOTORS an'd-PARTS
NEW and REBUILT MOTORS IN -STO-Cit—:/0 WAITING
PHONE BRADLEY- & SON GODERICH
247 or ,65
PHONE CARLOW',281
•
BR opHE yl
nelalS;Oice,
13 MONTREAL ST. P'HON1,120
NEW ND USED PARTS FOR ALL MAKES OF CARS
R go ,
b ...choice of
430 link 00 our 4 out of 5 women who
win prizes for home baking