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HomeMy WebLinkAboutClinton News-Record, 1948-12-02, Page 64 PAGE SIX CLINTON NEWS -RECORD nteresti THURSDAX,,, nECEMESER:2;. l9 Items:. From. News•-Record'.s Correspondents for Detroit to spend the Thanks- at Grant Stirling's home when MEWS OF BAYF.IELD Representative: Miss Lucy R. Woods •Phone Clinton 631r31 Miss F, Gallop left on Tues- day to spend the winter in Sea - forth. The School Nurse, Miss Mac- Kenzie, Clinton, spent Monday at Bayfield Public School in rou- tine duty. Mrs. C. W. Brown is the guets of Mrs. N. W. Woods "The Hut" this week. Mr. and Mrs. Chas Shier, Rip- ley,, visited Mrs, . W. J. Stinson on Sunday. Miss Betty Lou Larson, Lon- don, was home from Saturday until • Tuesday. Mrs. J. A. Ferguson, Goderich, was the guest `of, Mrs. N. W. Woods on Tuesday. Jas. R. Scott returned home on Monday after having spent a few days in Toronto, Mrs. E. A. Featherston return- ed home on Saturday aster hav- ing spent the week in Sarnia. Mr. 'and Mrs. W. Stothers and two children, Embro, spent the Weekend with Mr. and Mrs. Ted Mack. Mr. and Mrs, Keith Pruss spend the weekend with the lat- ter's parents, Mr. and Mrs. J. H. Parker. • Migs Gloria Westlake, Lon- don, 'spent the weekend with her parents, .Mr. and Mrs. Walter Westlake`: Mrs. L. B. Smith and Miss Maxine, London, spent the week- end with he rmother, Mrs. Chas. W. Parker. Miss Jessie L. Metcalf, Detro- it, spent the American Thanks- giving and weekend with her mother; Mrs. W. F. Metcalf. Mr. and Mrs. J. Cruickshank and small daughter, Clinton, spent Sunday with Mrs. Cruick- shank's mother, Mrs. Wm. Stur- geon. Mr. and Mrs. Fred Davison, Detroit, visited the former's mother, Mrs. J. Davison over the American Thanksgiving and weekend. The many friends of Miss Maud McGregor, who went to Clinton Public Hospital on Mon- day to undergo surgery, wish her a speedy recovery Mrs. V. Burt, Mary Lou and Ronald Burt, London, Mr. and Mrs. Howard Burt, Kitchener, were with the former's parents, Mr. and Mrs. F. W. Baker, over the weekend. NEWS Mrs, Eliza Toms, who has been in ilii health for some time, was taken to Clinton Public Hospital by ambulance onFri- day where her many friends hope she will improve in health. Rev. and Mrs, LaVerne Mor- gan and Karen visited Mrs, Mor- gan's parents in. Otterville on Monday and attended the con- seerati'on and enthronement of the Very Reverend G. N. Luxton as Bishop of Hiiron at St. Paul's Cathedral, London, on Tuesday, Guests at the home of Mr. and Mrs. Edward Sturgeon over the weekend were: Mr; ' and Mrs, Dennis Bisback,'Clinton; Mr. end Mrs. Stuart Sturgeon, Prseton; Mr. and Mrs,' Dave Baird and son, Carl, Mr. and Mrs.. Jack Anderson, London; lVliss Jeanne Sturgeon and Frank Anderson, Mitchell. Successful Tea • The Ladies Guild of Trinity Church held a very successful tea and bazaar at hte home of Mrs, H. R. MacKay on Saturday afternoon. The tea tables were set in the dining -room and Christmas gifts, home-made bak- ing, etc were for sale in the liv- ing -room. Here From West George Loree, Nanton, Alta , visited his cousin, Mrs. Colin Campbell, Bronson Line, for a couple of days, last week and called on other relatives in the district, Mr. Loree came east to drive back a new truck. Wafer Turner, who had been out West, accompanied him East and re- turned to his home on the illus Water Highway. Trinity W. A. Meets The W. A. of Trinity Church met at the home of Mrs. N. W. Woods on Thursday last. The Rector, Rev, La Verne Morgan opened with prayer and scrip- ture reading. Following the bus- iness session conducted by the President, Mrs, Emerson Heard, the Rector gave a resume of the address given in St. George's Church the previous Thursday evening by Canon Colin Mont- gomery who with his family was spending a few days with Bishop Flemming en route to Aklavik in the Arctic. OF AUBURN Donald Ross, Galt, was a week- end visitor with his mother, Mrs. Fred Ross, Miss Frances Houston, Lon- don, visited her parents,Mr. and Mrs. John Houston, lat week. Miss Jetrid Anderson, Strati ford, spent the weekend • with her mother, Mrs. W. T. Robison, Mr. and Mrs. J. A. Nott and daughter, Stratford, visited Mr. and Mrs, W. T. Robison, Sunday. Mr. and Mrs, Harold Nicholson and daughter, Karen, Seaforth, visited Mr. and Mrs, W. Brad - nock, Sunday. Mr. and Mrs, Robert Turner entertained the Post Office staff to a fowl dinner at their home Friday night. Trustees Re -Elected A nomination meeting was held in the Public Library Fri- day evening. The 1948 trustees were re-elected: R. D. Munro Harry Beadle and Bert Craig. B.Y,P.V. Meets The B. Y. P. U. held their monthly meeting in the church. The meeting was in charge of Mrs, Glen Raithby and Allan and was conductf,d by Allan t with Evelyn Raithby presiding at the piano. It opened with a sing -song followed by the theme song "Love Lifted Me". Prayer was offered by Jas. Raithby and the scripture was read by Bob Wilson, A reading was given by Grant Raithby, A piano solo by Christine Cunningham and Eve- lyn Raithbyf conducted a Bible quizz. A duet was rendered by Mr. and Mrs. Vesterfelt. The topic was taken by Geo. Robert- son who gave a talk on his 'trip to the Coast. Meeting closed With the Mizpah Benediction, VARNA Mrs. D, Dewar was renewing acquaintances in the vfllage Mon- day. Dr. and Mrs. Harvey Reid, To- ronto, spent the `weekend with the Dr.'s. mother, Mrs. M. Reid. Mrs, Frank Greives, Brantford spent the past week at the home of her parents, Mr. and Mrs, M. Elliott. Mrs. E. McDonald and daugh- ter Marguerite, Hensall, spent Sunday afternoon with relatives in the village. Miss Violet McClymont has taken a position with Mrs. M. Reid who returned from Clin- ton Public Hospital Sunday. Mr. and Mrs, A. Case, in com- pany with the latter's mother, Mrs. J. Reid, London, called on friends in the village Sunday. The sympathy of the commun- ity is extended to Mr. M, Elliott in the loss of his brother, Well- ington, who passed away at his home in Brucefield, after a ling- ering illness.' : The two brothers spent many years in their young- er days working together on their farms. Sympathy Extended We regret to report the sud- den passing of Robert G. Thomp- son, Goderich Township. The sympathy .of the community is extended to his sister, Mrs. L. Beatty, Varna. Y. P. V. Meets The Varna -Goshen Y. P. U. held their regular meeting at the home of Mr. and Mrs. Fred McClymont, Arnold Keys pre- sided. Hymn 257 was sung and Miss Henri read the scripture and followed with prayer. The minutes of the last meeting were read end adopted and the roll call answered by twenty-six members. Hymn 261 was sung and Mary McClymont gave the topic, Hymn 287 and the Mizpah Benediction closed the meet- ing. The next meeting will be held at the home of Vivian Chuter on Dec. 6. Marion Hill will give the topic' and Mona Reid will have charge of recreation. Stanley Township Miss Lois Moffat, London, spent the weekend at her home. Miss Mildred Aitcheson, Sea - forth visited Mr. and'•Mrs. Stew- art ,Bawd' a few days last week. Mrs. Thomas Baird, Sr. return- ed home this week after spend- ing some time visiting 4 Shep- perton. Miss Kate McGregor, of Wing - ham, and Miss Margaret Mc- gregor, Toronto, were at home over the weekend. Annual Meeting OF Bayfield Agricultural Society 1N THE TOWN HALL, HAYFIELD FYELD Wed., Dec. 8 7:30 P.M. 49-b Goderich Township Mr. and Mrs. George Clark and Mr., and Mrs. Sample, spent the weekend with Mr. and Mrs. Peter Clarke. Mr, and Mrs, Alfred FI, Warner entertained a few of their friends to . a goose dinner Thursday evening, Mr, and Mrs. J. H. Feagan and Mr. and Mrs. R. J. McMillan, Goderich, were guests on Sun- day with Mr. and Mrs. John Middleton. • Mr. and Mrs, Robert Archer and family, London, spent the weekend at their cottage, Blue Water Highway, - Mr. and Mrs. Hazelwood, Silver Birch Beaoh, left on Thursday giving holiday with Mr. Hazel- about 60 neighbours and ' the wood's sisters there, members of Porter's Bill Com - Mr. and Mrs. Will Tebbutt, munity Club, gathered to honour Goderich; Mr, and Mrs, O. L: Mr. and Mrs. John McGuire prior Paisley, Clinton, . and Mr. and to their departure from the corn - Mrs. John H. McEwen and Stu- art McEwen, Stanley, spent Sun- day with Mr .and Mrs. Stewart Middleton. Guest Choir The congregation of St. James' Church, Middleton, was favoured on Sunday last by having as guests, Mrs. May Rance MacKin- non and her junior choir of St. Paul's Church, Clinton. This choir very kindly furnished the music and singing at the after- noon service. Feted. Ere Departure A very enjoyable social even- and refreshments rounded out e ing was held ;Tuesday evening very pleasant evening. munity. Mr,r, and Mrs. McGuire have sold their farm to Willis and Merle Switzer and have moved to the Base Line, Hullett Township, where they have ten acres. During the evening Mr. and Mrs. McGuire were present- ed with a beautiful wall mirror and a bracket lamp, Miss Mary Torrance reading the address and J,,R. Stirling and Mrs. Don Harr- is making the presentations. Miss Dorothy McGuire replied suitably in behalf of her parents. Cards LONDESBORO Miss Ann Simpson, Farquhar, .visited at the home of Mr. end Mrs. Tom Allen last weekc, Miss Dorothy Little, Toronto, spent the weekend at the home of her mother, Mrs. Robert Townsend. Mrs. Shortland, Saskatchewan, visited at the home of Mr, and Mrs., John Shobbrook for a few days this week, 1VIr. and Mrs. Tom Allen and family spent Sunday at the home of Mr. and Mrs, Kenneth , Simp- son of Farquhar. Mission Band Meets The Mission Band t%etd its meet- ing Sunday morning, November 28, in the basement of the chore with the president, Ken Wcod in the chair. The meeting open with the call to worship, an singtng hymn 270 and God $av the King- The Lord's Pray: was repeated in unison. Jun Marring read the scripture. Th roll call was answered by 2 present. Joyce I angrad gave th temperance number and. Be Lyon the World Peace. Marguer its Lyon favoured with.: a pian solo. The study book- was give by Mrs. ,13. Shobbrook: A anis oto, ar r story w.'., given by Mrs Ivan Carter. The meeting ci with singing hymn 275 and th closing prayer and Benediction THIS BILLION -DOLLAR STORY Across the nation — in cities, towns and villages — the B of M has kept your money, and the money of 1,700,000 other customers, hard at work in 1948... ,l helping Canadians in every walk of life to make a better future for themselves and for Canada. Here is the money that makes the wheels of commerce turn . , " that provides thousands of business enterprises — from the largest corporation to the smallest one-man show .— with the credit they need to carry on from day to day. To citizens on salaries ... to farmers with seasonal incomes ... to merchants, manufacturers, business, • men in every worthwhile line of endeavour .. to municipalities, school boards and governments ... to churches, hospitals and all types of public institutions ... hundreds of millions of dollars are being loaned by B of M managers at more than 500 branches from the Atlantic to the Pacific. That's a glimpse of the 1948 worksheet for your. savings ... the sum of your contribution to, Canada's progress added to that of 1,700,000 other Canadians in the 13 of M family. 13 of M depositors' savings, our °F ',IONISE/a, savings — thus play a' vital part in A �=dt J4 ,' Inti maintaining our high Canadian standard "_ 1,; of living and in making Canada thethird trading nation of the world. Yes, by saving at the 13 of M today, you are helping to build the greater Canada of tomorrow, while securing your own future. t 0, ANA9IANS THE FA CT S WNAT THE B of M HAS TO MEET ITS OBLIGATIONS: CASH: The B of M has cash in its vaults and money on deposi€with the Bank of Canada amounting toli. 211,721,990.06 3 114,887,350.99 1,003,513,939.08 129,037,998,89 31,177,918.00 17( Him TINE EiGUR 5 for 1948 MONEY m ' the f ' orm of notes of, cheques on, and ., deposits with other banks INVESTMENTS: The B of M has over a billion dollars invested 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 hocks, representing in large measure assistance to industry for plant development in the post-war period. These investments are carried at , , 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 78.09% of all that the Bank owes to the public, These "quick assets" amount to $1,490,339,197.02 LOANS: During the year, many millions of dollars ' have been lent to business and industrial enterprises for production of every kind — to farmers, fisher- ;. men, lumbermen and ranchers — to citizens in all walks of life, and 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 13 of M serves its customers at more than 500 offices,The value of a (, the buildings owned by the Bank, together with furniture and equipment, is shown on its books at 15,391,604.71 OTHER ASSETS: These chiefly represent liabilities of .i customers for commitments made by the Bank, on their behalf, covering foreign and domestic trade transactions A 29,383,602.12 TOTAL RESOURCES' WHICH THE B of M HAS TO MEET ITS OBLIGATIONS $1,991,380,648.07 456,266,244.22 4144 gg'+e4 W s p,::i4 44,,W WHAT THE 8 of M OWES TO OTHERS: 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 well over a million private citizens. The total of all deposits is /ANK NOTES: 13 of M bills in circulation, which are .4001 payable on presentation, amount to . . , OTHER LIABILITIES: Miscellaneous items, represent- ing mainly commitments undertaken by the Bank on behalf of customers in their foreign and domestic trade transactions ,. " __ 27,185,663.58. TOTAL OF WHAT THE B of M OWES ITS DEPOSITORS AND OTHERS $1,908,441,407.45- $1,877,011,226.3Y: 4,244,517.00 TO PAY ALL IT OWES, THE B of M HAS TOTAL RE SOURCES, AS SHOWN ON THE LEFT SIDE OF THIS STATEMENT, AMOUNTING TO 1,991,380,648.07 WHICH MEANS THAT THE 13 of M HAS RESOURCES, OVER AND ABOVE WHAT IT OWES, AMOUNTING TO $ 82,939,240.64 This figure of $82,939,240,64 is made up of money subscribed by the shaceholdese and, to some extent, of profits which have from time to time been ploughed back into the, business to broaden the Banks services and to give added protection kr the depositors.. * EARNINGS—After paying all overhead expenses, including staff salaries, bonuses and contributions to the Pension Fund, and after Taking provision for contingencies, and for depreciation of Bank premises, furniture and equipment, the B of M reports earnings for the twelve months ended October 30th, 1948, of . . $ 8,439,669.54: Provision for Dominion Income and Excess Profits Taxes and Provincial Taxes 2,980,000.00 Leaving Net Earnings of , $ 5,459,669.54 This amount was distributed as follows: Dividends to Shareholders t $ 3,600,000.00 Balance to Profit and Loss Account 1 859 669.54 8 of M EARNINGS ON THE SHAREHOLDERS' INVESTMENT AND HOW , THEY WERE DIVIDED ga `,cid{, a a r ewsw `m a.. On each dollar of the shareholders' money invested in the Bank of Montreal, the Bank earned 10.17 cents in 1948„ f" To TAXES 3.59 cents To SHAREHOLDERS 4.34 cents To SURPLUS 2.24 cents i. q<l letemo,,teesatas trso A1,§1K OE MONTREAL eurette4d ?tit veugi .WORKING WITH CANADIANS IN EVERY WALK OF LIFE SINCE