HomeMy WebLinkAboutThe Herald, 1914-03-05, Page 2i irsa1 .'I1'1'uai Report
STANDARD RELIANCE
MORTGAGE
CORPORATION.
The Standard Reliance Mortgage
Corporation of Toronto held its annual
Meeting of shareholders on Monday,
March, 2, 1914, in the offices of the
Company at 54-8& Zing Street East,
Toronto. The, following report was
submitted and approved:—
Your Directors have much pleasure
in submitting herewith the first An-
nual Report and Statement for the
past year accompanied by the Balance
Sheet to December 31st, 1913, show-
ing the result of the Company's oper-
ations.
The Directors are pleased to submit
the First Annual Report and Balance
Sheet of the Corporation for the per-
iod ending 31st• of. December, 1913.
'fh-'Order-in-Council approving of
the merger of the Standard Loan Com-
pany
oml;any and the Reliance- Loan and, Say-
ings Company of Ontario was passed
on the 21st day of April last, and the
actual merging took place on the first
day of May.
It will be noted that after paying
all fixed charges and expenses, in-
cluding outlays consequent upon the
amalgamation, the balance available
for distribution has been sufficient to
allow of payment of the usual divid-
ends to the Shareholders, and an ad-
dition of $100,000 to the Reserve Fund.
which now stands at $400,000.
We are pleased to be able to report
a substantial increase in the Deben-
tures placed by the Company, and also
in the Savings Accounts. By reason
of this our total Assets now stand at
over $5,100.,000, or an increase of over
$300,000 since the merger, and the
net earnings of the Corporation are
greater by over $30,000 than the com-
bined net earnings of the two Com-
panies prior to the amalgamation
The shares held by the Corporation
' in the Dovercourt Land, Building and
Savings Company, Limited, represent
assets consisting of real estate slaving
,,au actual value largely in excess of
the par value at which the shares are
now standing on the books.
To fill a vacancy in the Directorate
since the amalgamation, Dr. E. Jessop,
of St. Catharines, a large and influen-
tial shareholder in the Company, was
elected..
Since the last Annual iMleeting of
the Standard Loan Company, now an
integral part pf the amalgamation, the
death of oneof the most distinguished
Canadians, Lord Strathcona, has taken
place. We feel sure that all our share-
holders:deplore the great loss which
the Dombiion of Canada has sustained
by tills passing of one pf the most not
,Able figures in theehistory of our coun-
try. He was, at the time of his death,'
Director at this Corporation.
We take great pleasilre in bearing,
testimony to the efficiency displayed
b3'..the officials and -agents of the Cor-
.A1*A.R'CIIY RULES PORTUGAL.
Reifwiy Tracks Torll Up and Tele-
graph System Paralyzed.
A despatch from Paris says :
Railroad communication between
Lisbon, Portugal, and the Spanish
frontier has been completely stop-
ped by the acts of railway men be
longing to the revolutionary section
ef:the socialist party who have gone
on strike.According to passengers
Who arrived here frons Lisbon on
Thursday after a journey of 102
hours, instead of the 'usual 32, the
tracks have been destroyed in many
places;; a bridge has been blown up
and telegraph and telephone com-
munication has been interrupted al-
most throughout Portugal.
•
CHEST CRUSHED BY. TREE.
Sad Accident to Prominent Citizen
NM" St. George.
A despatch from Brantford says:
Richard Morris, milk vendor, of St.
George, was killed at that place on
Wednesday, a limb of a tree which
he had cut down. and which he was
ttrying,to swing over, recoiling and
striking him on the chest, crushing
it in. He leaves four sons and two
• daughters. 1VIejer,. )frank Morris,
. London, and Staff Captain Arthur,
of Toronto headquarters, both in
the Salvation Arany, are eons of the
deceased, who was a .very active
Citizen of that town.
NEW DESTROYER R WRECKED.
1 Rocks
Runs on Clyde RO S During a y C
Trial Trip.
A despatch from London says:
'The new destroyer Laverock, while
undergoing her trials on the Clyde
on Saturday, ran on the rocks. Her
plates were ripped and her propel-
ler smashed, and the vessel became
'Waterlogged. Her crew were saved.
. OF lot• N T O DEAD.
EAItT, xT
Fortier Governor-General of Can-
aria Passes Away.
o
A dr,>spat+�h from. London says y
Twin Earl • f• Minto, former Geyer -
art C;•en.eal of Canada and Viceroy.
of India, ,.did at 4 o'elock an Su1x�
44y. ph!i Ililil4,ry 44,zed Sixty-six.
poration 1n ertorntieg their rospe0:
tive duties
Respectfully submitted on behalf o2
the Board.
(Signed) N. II, STEVENS,
President.
Dated, Toronto, 13th February, 1914:
Balance Sheet as on December.
31st, 1913. �.
ASSETS
Mortgages and Securities.
against ileal Estate. $4,255,220 43
Loans 31,376 62
Stocks, Bonds and De-
bentures at cost
Real Estate, foreclosure
Office Premises
Office Furniture
Accrued Rentals:.. , ....
Agents' Balances
Municipal Debentures, at
cost
Cash on Idand and i11
411,716 60
88,162 85
174,560 53
5,000 00
548 84
3,357 97
23,608 91
•
106,785 06
$5,110,332 81
LIABILITIES
To the Public
Debentures with Accrued
Interest $2,119,989 05
Deposits with Accrued
Interest 512,877 58
Mortgages Assumed ... , 13,195 53
Unclaimed Dividends 688 62
Accounts Payable 1,217 49
Dividend, No. 2, Payable
January 2, 1914 .... d. 63,225 01
$2,711,193 28
To the Shareholders
Capital Stock Subscribed 2,070,810 00
Less Unpaid thereon 85,705 72
$1,985,104 28
Reserve Fund
Balance at Credit, Loss
and Gain
400,000 00
14,035 25
$5,110,332 81
LOSS AND GAIN ACCOUNT
Interest on Debentures
and Deposits ..
Dividends Nos. 1 and 2
Transferred to Reserve
Fund
Balance Carried Forward
$122,521 14
118,471 88
100,000 00
14,035 25
$355,028 27
Balances, Dec. 31, 1912 $ 3,691 72
Net earnings after de-
duction of expenses of
management and pro-
vision for all known
Losses , , ..... 351,336 55
$355,023 27
CIIAS. BA13CKkIAI19,
Secretary.
H. 'WADDINGTON,
• Managing Director.
AUDITORS' CERTIFICATE.
We have audited the accounts of the
Standard Reliance Mortgage Corpor-
ation for the year ending 31st Decem-
ber, 1913. Wo have seen the Muni-
cipal Debentures, received certificates
from the Corporation's bankers as to
the bank balances, verified the cash
on hand, obtained a certificate from
the Corporation's officials as to the
value of the stocks, bonds,•' debentures
and loans, and we certify that the
above Balance Sheet is in accordance
with the books of the Corporation.
G. T. CLARKSON, F.C.A.
A. C. NEFF, F.C.A.
Chartered Accountants
Toronto, 12th February, 19149
After adopting the report, the share-
holders elected the following directors
for the • ensuing year: • Lord Hyde,
W.. S. Dinnick, Herbert Waddington,
Hugh S. Brennen, E. F. 13. Johnston,
K.C., John Firstbrook, Nathan H. Stev-
ens, E. Jessop, M.D., J. A. McEvoy,
David Rata, Jaynes Gunn, David Kemp,
E. C. McNally, W. L. Horton, Rev. G.
Ir. Taylor, M.A., R. H. Greene.
Head Office:' 84-88 King St E., Toronto
4.4
REMARKABLE TLESl3LTS.
Army Doctor Tells of Experiments
With Typhoid Vaccine.
A despatch from Ottawa says:
Col, Sir Win, Leishman, F,R.S,;
E.B:.P:, professor of pathology at
the Royal Army Medical Col?ega,
London, England, who is generally
recognized as one of the greatest
men in the medical profession in
Great Britain, told a. meeting of the
Association of Officers of the Medi-
cal Services of Canada here on
Wednesday many of the results of
his experiments with typhoid vac-
cine, of which he has made a spe-
cial study. He claimed that the
success of the vaccine has, been de-
monstrated in a remarkable way,
especially in tropical countries
where typhoid or enteric fever is
more rampant than elsewhere..
.k
SAILORS' GRAVES.
Grant of $250 Will Be Made to Pro-
vide Grartestoues.
A despatch from Goderioh says
Janes Richardson, secretary of the
Lakes Disaster Fund at Toronto,::
has notified Mayor Reid that a
grant of $250 will bo made to pro,
vide markers or gravestones over
the graves of the five unidentified
sailors buried in Maitland Ceme-
t•ery, near here, last November.
Mayor Reid has been urging this for
sonle time past.
Have Been:
Untold Benefit
New Brunswick Woman ; rtdses
Dodd's Kidney
She Suffered for Four Years, and
the Doctor Could Not Help ;Tier,.
lint Docld's •Kidney Pine have.
Her a Ncw Lease of Life«>,.•
Porton `Orr1e :n.-.ar,
2nd;, - (S .lac a•I : `°'I' f i e�
Kidney * Pills the beat kid&kidney,�inedi-
cin 1 have ever ueted. They have
been of untold benefit to me."
The speaker is Mrs. John S.
Dickinson of this place. She is . en-
thusiastic in her praises of the great
Canadian kidney remedy, and not
without reason-:
`rI suffered from kidney trouble
that started. in a cold," she contin-
ues, "and for four, years T was. ne-
ver free of it; I. teas treated' by 'a
doctor, but he did not scorn, tri be
able to do me xn,u�cll;,good.
"I had rheunratisln and neural-
gia, and my joints were Still'; "ony
muscles 'cramped, and I' Was always
tired and nervous. I perspired. free-
ly with 'the slightest exertion.. I
was depressed and low Spirited, my
limbs swelled, and I had ,a drag
ging sensation 'across the loins.
"Nine boxes of D;odd's Kidney
Pills made a. new woman of ole.''
Are not Mrs. Diekincon'a symp-
toms those of any run-down, worn-
out woman? They are also the
symptoms, of kidney ; disease.
I)odd's 'Kidney Pills give new life
til . run-down women by curing
their kidneys.
SENTENCED TO HANG.
Frank W. Haynes Will . Pay the
Penalty for Murder.
A despatch from Sydney; N.S,,
says: Frank W. Haynes .has been
condemned to, death for the mur-
der of Benjamin Atkinson, a hotel -
keeper. He will expiate tht:-crime
for which the has been found guilty
on Friday, May 8. Sentence was
passed on the prisoner on Thursday
morning,and he was at cine. taken
to the county jail to await his-eice-
cution. Haynes °followed Atkinson
into the woods near Mira
and murdered hint- i 11
over the bead with a .s'G 1 e: .Ii,ab-
bery was- the motive. Haynes was
seen near the snot ; where Atkin-
son'•s body was found, and could not
explain how he came possessed of
a large sum of money f,:iund upon
WAS BLOWN TO PIECES.
A. Miner at the Hewitt-Gowganda
Mine Killed.
A despatch from Elk Lake, Ont.,
says: James Dunn, a minerait the
Hewitt-Gowgandaproperty .at Gaow-
ganda, was killed on Tuesday under
circumstances which will lead to
stringent inquiry. He had loaded
a round of holes and was ascending
in the bucket when his loading stick
caught in the side of the shaft, and
Dunn was tipped put, falling to the
bottom of the 100-feict shaft, The
explosion occurred almost imme-
diately afterwards, and Dunn's
body was blown to pieces.
Women with Sallow Skhi
Here is a Good Treatment!
You Get Results Quickly.
Womanly beauty Is largely the mit-
ward expression of health.
Every woman with pale cheeks and
poor complexion needs medicine—
needs a potent tonic to regulate her
system.
To tone up the stomach --t.1 insure
good digestion --to give new life and
vitality to the whole system Where is
therea remedy like Dr. Hamilton's
Pills? -
Dr. Hanlilton's Pills enable you • te.
eat what you like—they correct con-
stipation—make nourishing blood—
instil force and vim into a run-down
system.
If nervous and Gant sleep, your re-
medy is Dr. Hamilton's . Pills—they
search out the cause of your condition
and you rise in the morning refreshed,
strong,vigorous, ready for the day's
work.
Dr. Hamilton asks every weak and
debilitated person to use his Mandrake
and Butternut Pills. - They nieke old
folks feel young, and weak folks feel
strong. Their effects upon ipsomhia
and langour is marvellous. Hundreds
declare they soothe and quiet the
nerves so that a good night's, rest al.
ways follow their use.
To lookwell, to feel well, ,to keep
well, use Dr, Hamiltces Pills. They are
mild, cleansing, strengthening ---good
for the young or :old. Sold by all
dealers in .25e. boxes,;,
PONS
SEPORTII VROM R'N* t:EADiNp TRAGI
'CENTRES 0P AMERICA,
Prices et Cattle, Orlin, eneaMf Ana ?Otto* -
traduce At Homo Ano Abroad,
Breadstuffs.
Toronto, Maroh 3. :Pleur, Ontario wheat
flours, 90 per cent., 83.80 to 83,85, seaboard
and ' at $3.80, Toronto. M --F
anitobairst
patents, in jute bags, 85.40. 'de.,. seconds,
$4.90; strong bekclrs', in jati