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HomeMy WebLinkAboutThe Seaforth News, 1956-01-05, Page 2V.:Ea, MST "'Dear Anne Hirst: We live in e small town and have three young children. My husband drinks too much, but he does pay our bills. His sister has been with us for over a year, and she is very hard to get along with — and now his mother may have to come here! She is over 60, and likes an ac- tive life. Last year she visited us for a few months and every- thing was at cross-purposes the whole time. (She has never :liked me.) Her other son def- initely refuses to have her there. I think my hausband's mingle sister should make a home for her, but she declares she will not take hei on. "If the all could get together and find a place for her to live, I would do without anything; but we're all in the same boat — no money. "My husband's unfortunate disposition is another problem. He is very, very hard to please, and though I do my best I can never predict whether he'll like it or not. He always says I can have anything I want, but that only holds good when I don't want anything. I have a few clothes, and I cannot express any personal taste in even our house furnishings. He must boss everything. "The prospect of my mother- in-law living with us appals me! 1 feel sure things won't work out at all. Have you any sug- gestions? FRIGHTENED" a I can imagine how you *' dread the coming of your Lifelike Roses 507 .tey . is tet utet M1GCJgb'lY Lifelike roses in color—sparkle Oa this stunning oval doily! Pattern 507: Color - crochet coal doily 32 x 15 inches, in No. 30 mercerized cotton; smaller fn No. 50 cotton. Matching round doily is Pattern 603. A lovely twosome for gifts!, Each pattern, $6 cents. Send TWENTY-FIVE CENTS in coins (stamps cannot be ac- cepted) for this pattern to Box 3, 123 Eighteenth St, New Tor- onto, Ont. Print plainly PAT- TERN NUMBER, your NAME end ADDRESS. LOOK for smart gift ideas in bur Laura Wheeler Needlecraft Catalog. Crochet, knitting, em- broidery, lovely things to wear. Dolls, iron -ons, quilts, aprons, novelties — easy, fun to make! Send 25 cents for your copy of this book NOW! You will want to order every new design in it. * husband's mother, remember- * ing how she upset the whole * household before. You have * my sympathy. Yet some ar- * rangemenntshould be worked * out to easethe situation. Ask * your husband to consider this * idea: * Get the two families to- * gether and discuss the matter * frankly. Why couldn't they * make a bargain — the mother * spending an equal time in * each household? It is not fair * she should live with either * couple permanently, a n d * knowing when she arrives * that she will be leaving at * some definite date will lessen * the tension of her visits. One * can stand anything when she * realizes it isn't going to last * forever. * Another suggestion is that * your husband's sister who is * living with you should pro- * vide a place for the two of * them. Since she refuses, she * should certainly assume the * responsibility of entertaining * her mother during her visit * with you, taking her to * church and other places she * wants to go, and so relieving * you and your husband to that * degree. That would keep her * out of your hair, so to speak, r and more often away from * the children, who, from what * you say, do not welcome her * presence. Your hu s b a n d * should make it clear that she * is not to interfere with their * training, nor in household * affairs. * It is unjust that you alone * should have to look after her,. * A mother is the equal respon- * sibilty of all her children. If * they will admit this fact and * approach the problem with * good will all around, the bur- * den should not be too heavy * for anyone. I hope some * equitable arrangement can be * made, * Meanwhile, try not to dread * the future so much. It may * work out better than you ex- * pect especially if you will * try harder to win her friend- * ship and make allowances for * the eccentricities of old age. * You say your husband is didi- * cult; yOu are not close to your * ester -in-law, either. Can't , * you take these difficulties * more calmly, lessen your own * tension and be more of the a stabilizer in the whole fam- * ily7 It would help all around. * * * The shadows of coming events can be blacker than the reality. It does no good to dread changes in our family life, but must face them with equanim- ity and courage. Anne Hirst has helped many a reader, and perhaps she can help you, too. Write her at Box 1, 123 Eigh- teenth St., New Toronto, Ont. Royal Bank Net Earnings The Royal Bank of Canada closed its fiscal year on Novem- ber 30, 1955 with a profit, after taxes and all other charges, of $10,858,480, a 13.6% increase over the figure for the previous year. This represents earnings per share of $2.58, as compared with $2.28 in 1954. The bank's profit and loss statement this year is being presented in slightly different form in that profits are shown after provision for depreciation and income taxes, which form- erly v ere shown separately. It is also noted that the bank has. set aside this year $11,215,000 for income taxes. Out of net profit regular divi- dends of $6,604,422 were paid to shareholders plus an extra dis- tribution at the rate of 200 per share amounting to $840,000.. The residual amount, together with the balance of undivided profits resulted in the sum of $4,- 918,133 from which the bank 49ce Orail e zeal Mix and sift 3 times, 214 c. once -sifted pastry flour (or 2W1, c. once -sifted all-purpose flour), 3%2' tsps. Magic Baking Powder, f tsp. salt, % tsp. ground mace. Cream 1/3 c. butter or margarine and blend in % c. fine granulated sugar; beat in 1 well -beaten egg, 1 tsp. grated orange rind and % tsp. vanilla. Add dry ingre- dients to creamed mixture alternately with c. milk. Turn batter into a loaf pan (4A" x 8M") which has been greased and. linedwith greased paper.Bake in moderate oven, 350 about 1 hour. Allow loaf to cool in pan. Spread sliced cold bread with butter or margarine for serving. Always Dependable OVERCOMES HANDICAP—One armed Max Dobis manipulates the delicate parts of a watch he's repairing at an exposition. Dobis, 38, was one of the handicapped employees who demon- strated their skills at the exposition. He lost his arm during World War II, learned the watch repair skill after the war, and now works as_a watchmaker in a department store. transferred $4,000,000 to the Rest Fund, leaving a balance of $918,133, This is the 6th year in a row that the Royal Bank has transferred to the Rest Fund a portion of the current year's earnings. Capital and Rest Fund now stand at $42,000,000 and $108,000,000 respectively which, with undivided profits, bring the capital funds of the bank to $150,918,133. The bank's annual balance sheet just issued shows total assets for the year at $3,284,- 143,865, a figure which exceeds the record total of a year ago by well over $250,000,000. The first Canadian bank to show deposits in excess of $3 billion, the Royal attained un- der this heading a total of $3,062,220,349 in 1955, an increase for the year of $264,672,200. Loans, exclusive of mortgage loans under NHA total $1,243,- 629,362, exceeding the 1954 fig- ure by mere than $55,000,000. Call loans are down by some $81,000,000, reflecting reduced activity in the securities mar- ket. Other loans, including com- mercial loans in Canada, in- creased by $187,214,898 to $1,- 108,841,182, indicative of the degree to which the Royal Bank has participated In the marked industrial and commercial de- velopment throughout Canada during 1955. A striking indication of the extent of this bank's participa- tion in providing loans for new housing is the figure for "Mort- gages and Hypothecs insured under NHA (1954)", which now stands at $100,865,965. This is well Over four times the figure of a year ago and represents 38% of mortgage loans on the books of all Canadian chartered banks. �s RONICLFeS ,��etestesdsallzeteF RM It is years since we have been as cold in the house is we were last week. We were even cold in bed. At least I was. Partner had sense enough to get up and find an extra blanket for his bed. But I hated to leave the comparative warmth of the bed- clothes for the chillier atmos- phere beyond. And, oh dear, that wind! Until Partner reasoned it out we were a little alarmed at the house being so cold. We thought we had taken every pre- caution to make it comfortable —storm windows, insulation and plenty of coal. But it being fairly mild for so long Partner had kept the fire in the furnace as low as possible. So, when that cold nor' -wester struck this district the furnace firebox was half empty and, because of the wind, we were afraid to put on too big a fire. Better to be a little cold, we thought, than to get too warm by having the house catch fire. However, the storm was of short duration. It is now all in the past—and it departed without leaving too much damage in its wake. We had two other worries last week. David, of course, was one of them. He is out of the hos'+i- tal again but needs plenty of attention—steam at night and no draughts. If he cries for any length of time he gets very wheezy so I foresee a somewhat spoilt boy in a very little white. Our other worry concerned a traffic accident in which two of our friends, were involved. Are parently a car braked too curl denly and swerved across the road in front of M 's ear, M .. . received' minor injur- ies; his wife wes cut, bruised, and is still in bed suffering from ISSUE 1 1956 shock. That kind of accident could happen to any one of us who might be driving along the road minding our own business. The current campaign for safer driving hasn't come a day too soon. Oli yes—and we have another worry—what to do about Christ- mas. We intended holding it here as usual but now we cannot make any definite plans as Dee and Arthur won't be able to bring Dave out if the weather should be the least bit rough. Dee wants us all to go there instead but we think she has enough to contend with without taking on any more extra work. We could all help with the work, n of course, but maybe too many arg„ind wouldn't be too good foF Dave. However, 2 expect everything will work out all right—it generally does, any- way. It is just another of the kind 0f problems most of us. meet with in our everyday life. Problems that we either face, overcome or , . but no, we don't let them get us down, do we? We all run into periods Of stormy weather—both real and theoretical. Rough while it lasts, but eventually the sun breaks through again. Just as the sun is shining now—so bright and clear—it would seem that cold, windy spell we had last week was little more than a dream. Speaking of dreams—we hope plans for the Federal -Provincial Health Insurance will be some- thing more than a dream. The way things are new too many people are haunted by fear— fear of the inevitable outcome of illness—doctors', nurses' and hospital bills. And that isn't any dream either—it's a nighbnare! One woman, just after a series of X-rays—said to nie the other day—"What's the use of work- ing hard all your life and then when you're olcler paying what you've saved all out in doctors' bills?" What, indeed? Of course, most peop1., even on farms, have some sort of hos- pital insurance but it doesn't begin to cover the entire cost of an illness. No doubt we should be amazed if we knew how many farms carry a marts' ge raised when money for medical expenses was an absolute neces- sity. Finance companies report a large percentage of their loans are also for the same purpose, At such a tiine it doesn't make things any easier to hear that tax figures show doctors to be the highest paid group in Can- ada. In 1949 they came third. Itismy guess that, employment being at a high level, there are fewer bad debts On the doctor's books, which would naturally account for an increased income. "State Medicine" are :words Of i11 repute but surely Canada can benefit frown the mistakes and experiences of proven med- ical pians in this and other countries. Saskatchewan seems, to be quite satisfied with its pre- paid hospital and medical plan. Dr. 1VMcKinnon Philips has gone one further with suggestions for home -care for patients not ur- gently in need of hospitalization. Some such scheme should surely relieve some Of the congestion In hospitals. Quite often patients enter hospital because it is their only way of collecting sick ben- efit. The chances are they would much prefer tie stay at home. A Federal -Provincial medical plan is bound to affect us all, so wouldn't it be a good idea to follow it carefully and be ready with our own opinion as to its. merits—or otherwise? FLAMED—Japan's Foreign !Ain- ister Namoru. Shigernitsu faces a no -confidence vote for his failure to gain Japan's admis- sion to the United Nations. The powerful Socialist party is de- manding his resignation, blam- ing Japan's rejection on Sisige- mitsu's "'mistaken knowledge of and policy regarding Nationa- list China's attitude and his failure to restore relations with the Soviet Union." F A Condensed Annual Statement 50th November, 1955 ASSETS Cash on hand and due from banks (including items in transit) Government of Canada and provincial government securities, not exceeding market value Municipal and other securities, not exceeding market value Call loans, fully secured Total quick assets Other loans and discounts Mortgages and hypothecs insured under N.H.A (1954) Bank premises Liabilities of customers under acceptances, guarantees and letters of credit Other assets LIABILITIES Deposits $ 542,453,934 944,686,948 356,820,517 74,788,180 $1.,918,749,579 1,168,841,182 100,865,965 27,119,386 62,423,760 6,143,993 93,2 84,143,865 Acceptances, guarantees and letters of credit . Other liabilities Total liabilities to the public Capital paid up Rest Account !Undivided profits $ 1,062,220,349 62,423,760 8,581,623 93,133,225,732 42,000,000 108,000,000 918,133 3,284,143,865 STATEMENT OF UNDIVIDED PROFITS Profits for the year ended 30th November, 1955, after pro- vision for depreciation and "income taxes and after malting transfers to inner reserves out of which full provision has been made for diminution in value of investments and loans Dividends at the rate of V.571/2 per share . . $6,604,422. Extra distribution at the rate of 200 per share . 840,000 Balance of undivided profits, 30th Novernher, 1954 . . $10 tae.tgo /,444,422 $ 3,414,058 1,504,075 $ 4,0,00 Transferred to Rest Account . . . . , , 0 . . . . /1,00000;000 Balance of undivided profits, 30th November, 1955 . *Provision for income taxes 411,215,000 JAMES MUIR, K. • Chairman and President 918,133 SEDGEWICK, General Manager