HomeMy WebLinkAboutClinton News-Record, 1947-11-27, Page 6:eresti.
froN I iWB-RECORD
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NEWS OF BAYFIELD
Representative
ss Lucy R. Woods Phone Clinton 631r31
Ir. and. Mrs. T le Mack 'spent the
week end in Detroit
Vire. M McPheelran Petrolia, is vis
etii g her 'ceusin, :Mrs, Robert Scotch -
Mer.
' The rnaaiy friends of Alfred •Scoteh-
Mar, who is ill, wish him a speedy
recovery.r
llire and Mrs. Chris Parker and
elaugiuter, •Beulah, spent the weekend
in; London.
!Mrs. James Porter, Goderich, is vis-
iting ,her 'brother; !Alfred Scotchmer,
and Kra. Scotehmea.
Howard . Burt, London, visited his
igraardparents, Mr. and Mrs, F. W.
1
Baker over the Weekend.
Wi. Woods spent several
days last week withher daughter,
IMrs.• R. H. Middleton, Hemsall.
Dosses Milvena Sturgeon and Gloria
Westlake, London, spent the weekend
at their respective homes in the vill-
age.
Jbrs. R. Harris of Manitoba is vis-
iting her son and daughter-in-law,
, 'lt. Lieut. Allan Harris and Mrs
Harris.
Mr. and Mrs. A. Furter'. and son,
William, spent Sunday with Mrs.
Furter's mother, Mrs. William T.
Stinson,
Mies' )Lucy IL. • Wood's returned..
home on Friday after having received
treatment in Victoria. hospital, Lond-
on, for; over three weeks:
Qlilr. and Mrs.. Quentin Hallman
and two "sons, New Dundee; visited
Mre. Helena -tee aunt, Miss lglizabeth
Reid, and sister, Mrs Grant Turner
on Sunday.
Harold ISeotehmer and Miss Mabel
•Seotehener who were called home ow-
ing to the serious illness and sub-
sequent death' of their father return-
ed to Toronto on Tuesday.
,Mrs. Delbert Haw . and daughter
Haynie, who coon on Sunday to att-
end the. funeral of her uncle, the late
Ketene IScotehmer, returned to Proton
Station on Tue'sdley after having spent
a couple of days reeith her mother,
Mies. William Heard.
Counter Check
NEWS -RECORD.
Books at The
•
TRUItlg AY, l�T'ZOVE!MBEUL 27, lee
's .lural Correspondents
4C NDE KORO
Wo 'welcome Mr. asci+ Mrs. Walter
1Lerslelce to the village this week. "
Mr. and 14'rs. John Aamustrong and
Hereon spesst Thursday in London.
Mr. and Mee. Charles . Vodden vis-
ited with Mk. and -Mas. Sean Daer,,pn
Sunday.
Mrs. William Lyon; left on Sunday
to 'spend the winter with her soh,
Dr. I&k Lyon, Leaanington.
`MTs. Wesley Beacon and Edith
spent Sunday with ;Mr, and Mre.
George Neil and eaniily, Kirkton.
Rev. Mir. Watt, Wihteehureh; will
have charge of the service in Londes-
bora United ,Church on Sunday, Nov-
ember 30.
Mr. and 'Mrs. John Pipe spent the
week end at Brunelle at the home of
J4r. and Mee. ;Mervyn Pipe and
family.
Me.. and Mrs. Watson Shouldice and
Kenneth, Brussels, visited with. Mr.
and ,Mats, Stanley Lyon and family
on Sundlay,
leers. John IAamusrong is spending
this week with relatives alt`Baanypton
and Toronto and is also attending the
Royal Winter Fair.
'Miss Dorothy Little, Toronto, spent
the 'week end at /the home of her
mother MTs ,Robert Townsend, and
her mother accompanied her back to
Toronto to attend the Royal Winter
Fair.
Successful Banquet
Hulled Federation of Agriculture
held a very successful banquet in the
THIS BILLION -DOLLAR STORY'
Everywhere in Canada — in villages, towns, metro-
politan centres -- you can find them.
They are the people —1,500,000 strong.., in every walk
of life who are building their futures and doing their day-to-
day financing by saving or borrowing at the Bank of Montreal.
a Every member of this B of M family has a
T-‘2417 hand in building the resources of the Bank while •
r" he builds his own future. These resources, which
amount to nearly two billion dollars, exist almost entirely
because of the balances these people can show you in their
13 of M passbooks. 4'
This money 'does not stand idle ... k works constantly
for the building of the nation.
Here is the money that makes the wheels
•of commerce turn . , . that helps the farmer
garner his crops ... that helps the lumberman
buy equipment and pay his men.
.. Here are the dollars that enable the
Bank to make more than 500 personal
'a loans every business day of the
year to men and women who need money
to meet emergencies and take
advantage of opp`ortuni '
Iles.
-''—
TONaito
A_
Nkt
Here is the credit that provides thousands of business enter-
prises .— from the largest company to the smallest oto- nein
show —. with the ready money they need to buy raw reateti< is'
for manufacture, to pay wages while awaiting returns from
the sale of finished goods, and to carry out plans for expansion.
To citizens on salaries . , . to farmers with seasonal incomes
... to merchants, manufacturers and businessmen
in every worthwhile line of endeavour ... to muni`
cipalities, school boards and governments ... to
churches, hospitals and all types of public institutions .: .
hundreds of millions of dollars are being lent by B of M
managers at more than 500 branches from the Atlantic to the
Pacific.
These millions of transactions add up to a billion -dollar
story that makes interesting reading .-- not so much on account
of the figures involved, but because of the human stories
behind them:
va CAANADIAki
tel
./
* * *
For 130 years Canadians have put their trust
in the 13 of M, Never in that time has the
Bank failed to repay a dollar left in its
care ... never ,has 4 failed to open for
business on a single banking day.
ur 61
is yy"'
4,4
3k
;1;
IS � �, ® THE
FIGURt5
THE FAC
IS
WHAT THE B of M HAS TO MEET ITS OBLIGATIONS:
CASH: The B of M.has cash in its vaults and•money
on deposit with the Bank of Canada amounting to
$ 203,696,837.69
MONEY in theform of notes of, cheques on, and i7
deposits with other banks i• t 136,768;245.65
INVESTMENTS: The 13 of M has dose to one billion
dollars invested in high-grade government bonds
and other public securities, which have o ready man
ket. Listed. on dark Bunk's kooks at a figure not greater
than their market value, they amount to . . .
The. B of M has other bands, debentures and
stocks, representing to some extent the extension of
credit to industrial enterprises for reconversion and
for expansionof productive facilities inestablished.
fields. Valued at no more than the market price,
they amount to . . . . . .
CALL LOANS: The B of. M. has call loasts which are
fully protected by quickly saleable securities. These q-
iodns'amount to`. ., 36,807,209.71
QUICKLY AVAILABLE RESOURCES: The resources listed above,
all of which can quickly be turned into cash, cover 78.79% of all
that the Bank owes to the public. These "quick assets" amount to $1,432,027,658,28
LOANS During the year, many millions "of dollars
have been lent to business and industrial enterprises
kr production of every kind, including housing and
construction •--• to farmer's, fishermen, lumbermen
and ranchers—to citizens in all walks of life, and
to Provincial and Municipal Governments and School
Districts. These loans now amount to
UNIX BUILDINGS: In hamlets, villages, towns and
large cities from coast to coast the BofM serves
its customers at more than 500 offices: The value of
the buildings ewaut by the Bank, together with
furniture and equipment, is shown on its books at . -1 13,276623,00
OTHER ASSETS: These chiefly represent liabilities of
customers for commitments trade by' the Bank on
their behalf, covering foreign and domestic trade
transactions:l,
957,588,626.81
96,864,530.42
421,704,063.46
TOTAL RESOURCES WHICH THE B of NI, HAS 'go MEET
ITS OBLIGATIONS , , ,
31,396,960.45
$1,898,405,305,19
WHAT THE 8 of M OWES TO OTHERS:
DEPOSITS: While many business firms, manufacturers,
merchants, farmers and people in every type of bust•
nos have large deposits with the B of M, the bulk
of the money on deposit with the Bank is the savings
of Inure than a million private citizens, The total
of all deposits is .
BANK NOTES
$1,783,441,647.31
NOTES:
BofM hilts in circulation; which are
payable on presentation, amount to . . . V. 4,783,348,00.
OTHER LIABILITIES; Miscellaneous items, represent
Ing mainly commitments undertaken by the Bank
on behalf of customers in their foreign'and domestic
trade transactions
TOTAL OF WHAT THE B 01M OWES ITS DEPOSITORS
AND o'rurRs
TO PAY ALL 12 OWES, TI•IE.B,of;M, HAS: TOTAL RE-
SOURCES, AS SHOWN ON THE LOT SIDE OE THIS
'STATEMENT, AMOUNTING TO . . , .
WHICH MEANS THAT THE Bed M..1tAS RESOURCES,
OVER AND ABOVE WHAT-I,T OWES, AMOUNTING TO $ 81,079,571.10
This egure of $81,079,571:10 is made up of money subscribed by the shareholders
and, to some extent, of•'prolits which have fronetime to time been ploughed back into the
business to broaden the Bank's services and to give added protection for the depositors.
t'• * u
EARNINGS •--After paying all overhead expenses, including staff
salaries, bonuses and contributions to the Pension Fund, and after
making provision for. contingencies, and, for depreciation of Bank
premises, furniture and. equipment, the 13.oIM„reports ',earnings
for the twelve months ended October 31st, 1947, of; , , $ 9,579,285.29
Provision for Dominion Income. and Excess Profits.. Taxes . arid
Provincial. Taxes . . . •4,156,000.00
29,100,538478
$1,817,325,734.09
.1,898,405,305. t9
Leaving Net Earnings, of . . . . . $ 5,423,285.29
This amount was distributed as follows;"
Dividends to Sharehrlders , ` , . . . 1 3,600,000.00
Balance to Prodi and 'Loss Account ... . • 1,823,285.29
ElofM EARNINGSON THE SHAREHOLDERS' INVESTMENT
1 On each dollar of the shareholders' money invested in the
1 Bank of Montreal, dee .Bank earned 11,8i cents in 1947.
AND HOW To TAXES3 12 cents
THEY WERE To SHAREHOLDERS. 4.43 cents.
DIVIDED To SURPLUS , 2.26 cents
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er R,1II4G WITH CANADIANS IN EVERY WALK OF LIFE FOR 130 YEARS
SU11'4MERHILL
The regular monthly meeting was
held November 12th ah .the home of
Mrs. Wilbur Oriel. The meeting
Community Hall, Londdslboro, on Fri-
day evening, followed by a progrem,
which everyone enjoyed'. The ladies of
the United' Church catered.
Newlyweds Honored
A reception was held at the home
of Mfrs. Williams Lyon, Londesboro, on
Wednesday afternoon and everyl1',ng of
last week, is honour of the nnnvlydveos
Mr. and Mrs. Charles Stewart. The
meny beautriful gifts received' by the
bride bespoke the esteem, in which
she is held in that •community.
opened by everyone repeating the
Lord's Prayer. Roll. call was answer-
ed by 1e members„
A letter was 'read from L'Ingiand
telling of the shortage of food,; over
there.
•Readiiugs were given by liars. C.
Farquhar, "011 Mighty the Wheelie
and "Beeipe for Happiness,”
by IMrs. Crivih for Remembrance Hey
"Fee the Fallon";.
The next meeting will be held at
Mrs. Glen Cornish. Roll call to be
answered by a favouriteone nice,
dish: Those in charge of the Pres am
will be—Mrs. Russel Neal, Dorothy
Blake, Mrs. Earl Blake, Ws.
Vodden. Lunch,—iMrs. Wes. Vodden,
Mrs. : ted Vodderti, Mrs. -N. Wright,
leers. et. Good; Meeting closed by
singing God Save the Xing. Lunch,
was served.
y EGGle 4
.�i
Coote ,60
81
on Guaranteed
Trust Certificates
ISSUED for any ;amount ....for a term of
five years , , .. guaranteed both es to principal
and interest , Interest cheques mailed to
reach holders on due date, or, at holder'a
option, may be allowed to accumulate at
compound interest.
An ideal investment for individuals, eomr-
pnnieeauthorized by law for cemetery
boards,; executors and other trustees,
THE
STERLING TRUSTS.
CORPORATION
Sterling Tower, Toronto
86 years In 8uilnas
Clerk's Notice
of First Posting of Voters' List
Municipality of TUCKERSMITH TOWNSHIP,
Huron County
Notice is hereby given that I,rhave complied with section
3'of The Voters' List Amendment Act, 1937, and that r have
posted up, at any office, Tuckerslmihh Township, er the 20th
day of November, 1947, the lists of all persons entitled to
vote in the said muncipality for Members of Parliament and
municipal elections ,and that such lists remain there- ter in-
spection, and Lklereby call upon all voters to take iimaied-
fate proceedings to have any errors or omissionscorrected
according to l�alw, the last date for only ,appeal being the 11th
day of Decemiber, 1947.
E. P. Chesney, Clerk, Tueltersmiths Township'
48' -49 -
Huron and Huron -Perth
Progressive -Conservative Association
ANNUAL MEETING
Friday, November 28
8.30 o'clock
Cardno's Hall, Seaforth.
Speakers: COL. GEORGE A. DREW, Premier of Ontario,
and the following:' Dr. Hobbs Taylor, M:L.A.; L. E. Cardiff,
M.P.; J. A. Bradshaw, M.P.; J. W; Hanna, MVY.L.A.; Thomas
Denit, M.L.A.; J. Fred Edwards; M:L.A;; Thomas Pryde.
The address of Cal. Drew will be recorded and broadcast
over CKNX at 1 o'clock on Mandan' December 1
E. D. DELL, President CLI K FTSEEM Seerntary
IIIINVyigi PP]:PPI''111
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