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Home My WebLink AboutThe Goderich Signal-Star, 1953-03-12, Page 4WAGS rocs THE GODERICH SIGNAL -STAR • =mums • aimc�� SPECIAL . iiirrig cupscups� � 150 trl Cuoicz - OMATOES IOMAIS CATSUP ss OZ. TR 11 OZ - 3O TLE lac 210 &YI.�aIal csa JL . TOMATO SOUP rnHs[>ra PEAS � COJCZ P c piC cx�Ir•s IRhSB STEW > CA>SADA oics Sinutwimutus UICHM>P�S-O szicZD BREAD iCUMssz• COITIE IkGs 930 A[RAgT DINNER 2 p=ad. 290 11110.1 OIITARIO I.eS. 250 WHIT BEANS "ABISCO DED WHEAT2 P=� .31p 2 1e OZ. TINS u 07.. TEN 2* OZ. TINS 1s 07.. TEN 250 150 29C 290 O=~ 260 Tlx 14c rAIRWTID ae Couse. SOLED TUNA rnrl►rrasr CLUI1 IAM - STRAWBERRY t 'HUBBY OR HAINEY KLEENEX •if)nSTr. rE1TEt.! 3BIOME trUIcE :.(INITY 5911112 naoic'.!f OZ. TL14 24C I OZ. '390 JAR PKG. 200 tw'z- tST�tLEE� OLIVES T4IILD COLOUntD NEW CHEESE i'tT:.DECIIT fiI3IC'iED ME ROSES, FLOUR F is COOICIRG OR rA3tisk' SE sena= Zr[ABGARDrE rr 3PREADS OR 3LICIS Q 01't SALE :i0W--ZWA3Q�t RUM NETTER LIMING 'MAGAZINE eq i� o -piLDPiM BUY AND USE EASTER SEALS Steps To Secure New Industries Are Enumerated The four essential steps in entic- ing new industry into- a town were %outlined by Andy, Boutilier 'uf the Dontinibn Tar and Chemical Com- pany. guest speaker at the monthly dinner meeting of the Goderich Junior Chamber of Conhmefce held at the British Exchange Hotel on 11'ednesdsay evening last. Mr. Boutilier'a suggested steps were:1 1. The formation of an industrial ' commission. 2. The preparation of a survey of the town's potent- ials., 3. Establishing contacts. 4. Following up prospects A sznall industrial commission is ' preferable and it should be cool - posed of men of integrity, who have the interest of the .town at heart, no axes to grind and the ability to keep confidences. The duties of the commission would be to set up a planned program and keep the program moving. The co-operation of the press should be enlisted so that the citizens of the town can be inform- ed of the commission's policies. Mr. Boutilier suggested that the commission should comprise a cross-section of the town's popul- ace. with representatives from the town council, labor bodies, trade associations. local industries and the Chamber of Commerce. The employment of a full-time commissioner is preferable, but lacking this a part-time commis- sioner should be appointed. He must be a man dedicated to the job and with the over-all facts at his finger-tips. To, ,demonstrate the worthwhile- ness f` a commissioner, the speak - 'pointed out that, since appoint- ing one. Owen Sound had, in 1952, obtained six new industries and in 1z OZ. JAR 25 BOWL - 0 LB- 430 490 II 390 320 77cctaa 'I/e9eta £ea TENDER, CRISP FLORIDA - Green Celery Size 48's -440:-.1 FLORIDA MARSH SEEDLESS Grapefruit Size 96 JUICY CALIFORNIA NAVEL Sunkist Oranges ALL VALUES EFFECTIVE 111 GODERICH UJ ' Etoiao Tfare 3411.. net. 14 Size 288 7 LB, BAG 1 LB. PKG. I OZ. PKG. COPY50 2 for 19 5 for 29c DOz- 25c• OUR GUARANTEE An merchandise sold al '"four Dominion Store" is uncondition- rrantaeed to give you 100% C. the same period the town of Perth had gained five. , Detailed Survey A detailed survey should in- clude: freight rates and compara- tive speeds to various cities; high- way transportation rates and speeds; the ability of local indus- tries to sub -contract; manpower in the district housing and school facilities; availability and price of land; water, hydro aitd sewer ser, vice; adequate maps of town and district; zoning by-laws. After the survey is printed it should be given a wide circulation. Aggressive action should thea be resorted to, with approaches made to companies in large Can- adian cities and American firms wishing to expand to Ontario. All prospects should be followed up with personal visits by the com- missioner. s«:,,. i The speaker pointed out that a whole -hearted desire for new in- dustry on. the part of a majority ', of the citizens of a town is one of the essentials. He suggested i that the results obtained will be inl direct proportion to the amount , of effort put into the obtaining. There were 4,,500 new jobs creat - 1, ed irk Western Ontario in 1952, Mr. 1 Boutllt-er revealed. "This is a challenge for the industrial j com- mission of Goderich." The speaker was introduced by Al Huffman, a co-worker at the Ilocal plant of the Dominion Tar and Chemical Company and a vote of thanks for the informative ad - i dress was moved by Eric John- stone. 1 - A request from branch 109 of the Canadian Legion for the sup- s port of the local Junior. Chamber of Commerce in obtaining the ob- ` servance of Remembrance Day,. November 11, as a provincial statu- tory holiday was read and follow- ing a short discussion, a motion that the Jaycees would give such support was adopted. Marketing Farm Products (From The Rural Scene) The demand for government as- sistance in the marketing of farm products still persists; and, the :lir is full of suggestions as' to how best this can be given. There is the suggestion that •.we give large quantities of our surplus products, free of charge, to coun- tries that are too poor to go into the market and buy for themselves, our own Government paying the farmers.. The idea ,is that in -this way large quantities of food could be removed from the market and scarcities created, which would raise the prices we could charge those who buy from us. There is the suggestion that the Government set a floor below which prices would not be allowed to fall, and if the market would not pay such prices, the Govern- ment should make up the differ- ence to the farmers. There is the suggestion of more marketing schemes and marketing boards to handle specific commod- ities, with monopolistic powers to compel. all producers to deliver their products to these boards for marketing. There is the suggestion that pro- duction be planned and limited to what the home market can absorb thus making our prices independ- ent of prices in the outside world, and enabling our- farmers to collect satisfactory prices from their fel- low citizens. There is the suggestion that our exportable surpluses be disposed of by international agreements be- tween the governments of produc- ing and those of importing coun- tries, at pre=arranged prices. And there is the suggestion that laws be passed prohibiting, or mak- 0 DOMINION STORES LIMITED Engineers and motormen on. Canadian steam railway passenger trains earned $6,007 on the aver- age in 1951; their 1939 average was $3,506. --Quick Canadian Facts. COMM!? IT IIV7WE WANT ADS BIND LEGION• HALL GODERISIH Sat., March 14 JACKPOT of $38.00 for full house iii' 58 calls. If not won on Saturday, *able of jackpot and also number of calls will he raised each week until it is won. r." 17GAMES$1.00 . . $5.00 CASH PRIZE 4 SPECIALS -Share the Wealth Doors open at 8.30 p.m. 1st game starts at 9.00 p.m. iIOtEQpO1itflll's ing irnpossible, the manufacture or sale of any products with which established ,farm products are un- able to complete. The one thought behind all these suggestions is that the Canadian market for food stuffs „belongs to• the Canadian- farmers and should be reserved for them, that our farmers are entitled' to prices based on their costs, and that it is ,the Government's duty to see that they get such prices, even at the taxpayers' expense if such is necessary. The first thought, conspicuous by its absence from all these sug- gestions is, that the consuming public of Canada have a right to live and to secure their food at prices commensurate with the value of such food in other lands. ' The second thought conspicuous by its absence is, that our overseas customers, who are in the habit of buying our surplus products, are under, no obligation to continue to 'do so; and if we commence giv- ing food away for nothing to other nations, in order to create scarci- ties and force higher prices in Europe, they might decide that they can get along without our products, as they did in the early thirties, when we tried to hold them up on the price of wheat. A third thought that is notice- ably absent from these suggestions is the impossibility of planning and harvesting the exact amount of food we will require a year ahead; and the certainty that any attempt to do so would lead to shortages in some years and sur- pluses in others. And the fourth ,thought cdn- spicuous by its absence is, that these suggestions aim at doing away with the corrective forces by world's economy in balance, in- creasing its production as the need increases, changing it with chang- ing needs, removing the obsolete and the decrepit to make room for the new and the vigorous, thus keeping the earth itself ever young means of which nature keeps the THURSDAY, MARCH 12th, 19163 and fresh and a good place to live. Fortunatey . all our farmers are not falling for these suggestions. Voices were raised in the recent O.F.A. convention urging them to do more. •hard thinking before com- mitting themselves to these vision- ary schemes. COCKTAIL. LOUNGE ONE OF DETROIT'S FINEST HOTEL TULLE First thing to do in Detroit is check In at Hotel Tullerl You'll enjoy every minute. Newly modernized. Beautifully decorated. 'Within walking distance of all downtown steres,theatres and business activ- Hies .. yet, you enjoy the ever- green atmosphere of Grand Circus Park ... The Tuner Coffee Shop or Cafeteria for excellent food modestly priced. 800 ROOMS $ .50 WITH BATH FROM up Harry L Paulsen, General Manager' DETROIT -7-21 th Ammal Deport to Policyholders MORE BENEFITS FOR MORE PEOPLE AIME benefits for more people than ever before! This key - .1.11. notes the service of the Metropolitan Life Insurance Company. In 1952, payments to policyholders and benefi- ciaries reached a new high -S915,000,000. • The daily transactions of Metropplitan are intimately inter. - woven with the hopes and aspirations of men and women. throughout the United States and Canada. Behind the annual accounting lies the story of families helped toward security, of widows cared for. and children educated. These human objectives far transcend the procession of cold figures across the pages. of' account books. Yet the figures' reflect the planning by policyholders to help assure the fulfil-. ment of their ambitions. At the end 'of1952, policyholders were protected by 551,900,000,000 of Metropolitan Life insurance -a new high record. Old and new policyholders increased their insurance protection by buying 53,600,000,000 of new Life insurance. New long-term investments in 1952 totalled 51,600,000,000. The major part of these funds went to help meet the needs of commerce and industry. In 'many instances, Metropolitan financed the expenditures necessary to bring to the public the benefits of technological progress in such fields aschemistry and electronics. rr.5:•,-}�s .y.,w .:,rar: r }n>r.•:rr. ••: r :::. _.; .. ;ri:..:,.:;^:y.;-;r; :•»:•<r:'-.rry `-'r;:::c,,:;:- ..-,.::.:�:�r-f't�: S,-:;�.•:: _: �.},: r ra+•i ir�•.;1.::.:::: -,i •.. f:.-:: ,;:::<; t-`ri:%f'r }y: � :.rr....,r. r-....rrr.:r.r�.•.-r: r.•.rr..... i... .-:.......! Some S369,000,0(X) was invested in city and farm nwrtgage loans in 1952. Part of these funds helped finance 30,000 new homes. and they brought the total outstanding ,home loans of the Company to 197.00(1 at the year's close. The net' rate of interest earned on Metropolitan's total in- vestments after deducting investment expenses was 3.211in comparison with 3.07'x; in 1951. however, the United States -Federal income tax reduced the net investment return for 1952 to 3.00'; . On new long-term•investments made last year, the net interest rate, after all investment expenses but before the United States Federal income tax. was' 3.73`'c - the, highest since 1934. Other high lights in Annual Report: 1. The number of policyholders increased to 33,700,000-a new record. 2. Accident and Health protection continued to grow. in public favour, and this was particularly true of the new forms of protection provided by hospital, surgical, and medical expense policies. At the end of the year about 6,200,000 persons were protected by Accident and Health coverage under Metropolitan Group and individual policies. - 3. The mortality rate among Metropolitan's policyholders METROPOLITAN ASSETS AND OBLIGATIONS .. . DECEMBER 31, 1952 ASSETS WHICH ASSURE FULFILMENT OF OBLIGATIONS ` - Bonds S'l,996,545,124.86 U.S. Government . Canadian Government - Provincial and Municipal Railroad Public Utility Industrial and Miscellaneous S1,844,608,305.55 143,537,746.75 66,051,354.87 660,243,225.66 1,514,241,381.02 3,767,863,111.01 Stocks Att but 518,064;177 72/ate preferred or guaranteed. Mortgage 'Loans do Real Estate . . . . On urban properties . . 51,914,495,597.64 On farms . . . . 161, 582,149.54 Real Estate (after decrease by adjustment of $l,900,000 in the aggregate) Housing projects and other real estate acquired for in- vestment 5391,638,408.63 Properties for Company use 46,718,864.57 Acquired in satisfaction of mortgage indebtedness (of which 52,059,121.24 is un- der contract of sale) . . 2,600,936.44 1 Loans on Policies Made to policyholders on the security of their policies. Cash and Bank Deposits . • Premiums, Deferred and In Course of Collection 177,509,022.72 2,076,077,747.18 OBLIGATIONS TO POLICYHOLDERS, BENEFICIARIES, AND OTHERS Statutory Polley Reserves This amount, required by law, together with future premiums and interest, is necessary to assure payment of future policy benefits. Policy Proceeds and Dividends Left with Company at Interest Funds left with the Company by beneficiaries and policyholders to be paid to them later. Reserved for Dividends to Policyholders Set aside for payment in 1953 to those policy- holders eligible to receive,.tbem. Policy Claims Currently Outstanding . Claims in process of settlement, and estimated claims that have occurred but have not yet been reported. Other Policy Obligations Including premiums received in advance and special reserves for mortality and morbidity fluctuations. Taxes Accrued (payable in 1953) . Security Valuation Reserve Prescribed by the National Ass Aation of In- - surance Commissioners. Contingency Reserve fee' Mortgage Leans All Other Obligations TOTAL OBLIGATIONS, . 439,058,209.64 465,211,481.47 175,519,891.02 161,709,504.12 Accrued Interest, • Rents, etc. . . 100,898,064.65 TOTAL ASSETS TO MEET OBLIGATIONS 511,592,529,045.66 SUR LUS FUNDS Special Surplus Funds . Unassigned Surplus - S106,783,000.00 557,944,554.32 TOTAL SURPLUS FUNL!S TOTAL OBLIGATIONS ND SURPLUS FUNDS . . 11(443 -Assets amounting to 5552,449,409.65 are deposited with various public officials of law or regulatory authority. /y y }•// p�pp�y�gp�pq J�,r 1� y [X/.S• s9{xJU{•:.• vr.•rri-•}•:9�:{AC••:<Q!r;;}.•.yv.3 :';: i;'r':i: :M -,4,M. ��'rYi', :9."-�YW54YYr094F:41NW- - f!h"Jrr�J}Y/rOM•.I:•i%154[�F•3:-Y.?�rfi'%,\'r,•j.,c::F.itirl:•$My'{i%�.•$:�T}?r'.;:li._r::,: COPYRIGHT CANADA,•1933 - METROPOLITAN LIFE INSURANCE COM Metropolitan Life Insurance (A MUTUAL COMPANY) HOME- OFFICE: NEW YORK continued to be favourable. Death rates from many causes - particularly tuberculosis and mgst of the common childhood diseases -reached all-time lows. 4. In -common with the experience of business generally, Metropolitan's expenses increased somewhat last year. A con- tinuing effort is made to keep them at a low level consistent with proper service to policyholders. 5. Dividends to policyholders in 1952 amounted to 5192,000,000 -the largest sum'In the Company's history. Metropolitan's Report to Policyholders for 1952 would not be complete 'without appreciative reference to the loyal and capable Metropolitan men and women who made possible the efficient and progressive service which our policyholders quite properly expect. Additional details of the Metropolitan's service last year are given in the Company's Annual Report, copies of which may be obtained on request. :•:vrau:'S?"'r ;`•: n•? Y:^.;•::: •fon}:<;?;;x ; .::i;.r,.:•i:,rr+�:+.yrya} 59,856,893,709.00 653,976,566.00 181,782,277.00 55,011,01 f.17 76,947,311.14 47,012,225.46 23,176,699.00 7,150,000.00 25,851,692.57 510,927,801,491.34 664,727,554.32 - - SI 1,592,529,045.66 der the requirements in•' Y> t -.}vx Mr.vyp}vyx{r.Yh' �},'.p�` J `•}Y�k'/io1 k`.suZ7 � :.o-rY. c:f�<4•/}><;tyNi'ia!• . }};;.t�.-.,-< � x�.<•, 'sy..r. ANY ompany CANADIAN HEAD OFFICE: OTTAWA �x{ These high lights of the Company's business in Canada during 1952, our 80th year in this country, will be of particular interut'"'fo Metropolitan's Canadian policy- holders and their beneficiaries. Payments to Policyholdels and Beneficiaries Metropolitan paid in 1952 to its Canadian policyholders and their beneficiaries $45,499,950 in death claims - matured policies - accident and health and disability benefits - dividends and other payments. Of this amount, 68% was paid to living policyholders. The total amount the Metropolitan has paid to Canadians since it entered Canada in 1872, plus the amount now invested in Canada, exceeds a total premiums received from Canadians by more than $416,000,000. CHARLES -O. TAYLOR, JR. President .i•��:.�:,.r:;.rr r METROPOLITAN OPERATIONS IN CANADA Life Insurance in Forces I 1952, Canadians bought $253,039,328 of new Life in- surance protection in the Metropolitan, and at the year's end the Company was serving 2,530,000 Life,insurance policy. holders in Canada insured for $2,821,693,811. Of this amount, 56% was Ordinary business, f7% was Industrial and 17% was Group. Total Investments in Canada Metropolitan investments in Canada amounted - to $637,590,599 at the end of 1952. These investments' -'are•- playing an important part in the economy of Canada with substantial totals of Federal, Provincial, and Municipal bonds and with sizeable totals in the obligations of steel and paper companies, the oil industry, railroads, electric light and power companies, and others. Health and Welfare Work Since 1909 Metropolitan has conducted a continudus health education campaign in Canada and during 1952 participated in numerous activities. More than 2,200,000 pamphlets on a variety of health and safety topi'is were distributed - monthly health advertisements appeared in national publi- cations - "Good Dints for Good Health" was a daily ir feature on many rads stations. R., rr..w.l,.,:; .;.}MSS•;:.?_: <: . ;..x:., r .y -r; v. v.•{rvtK:•+Cr,: ,y.. }{' • f rY •+i.r•.. 4 `�:•^i?y (`..Sr . r{: ,{n -�,r % ,�.y'K^•'.•<: , x•: r }.•. • •.•: M84GFl�!.. . r. r. }.�-•Wri?..: 7C�y vr.li l'r}.J�'.'•>r3'�• . .i �$0'>Y.Y ....R�:h. .y.. •} '�:�� yy`l' , i �... �•r•,rr: r.v:: '+ . /: ...^}iy} . %r, r n rY. r.� moi.. }}.+F. y4:..: vn..a�-x•:�ry r•Siri%fiY:'yfiYy�+..'. METROPOLITAN LIFE1 INSURANCE CO. Canadian Head Office: Ottawa 4, Canbda. Gentlemen: Please send me a copy of your Annual Report to Policy- holders for 1952. NAME STREET CITY PROVINCE a