Zurich Herald, 1942-12-03, Page 4PAGE 't4 .WIt
1
BANK OF MONTREAL
Established 1817
cA presentation, in easily understandable form,
of the Bank's
ANN UAE STATEMENT
31st October, 1942
RESOURCES
Cash in its Vaults and Money on Deposit with
Bank of Canada .•
Notes of and Cheques on Other Banks .
Payable in cash on presentation.
Money on Deposit with Other Banks • .
Available on demand or at short notice.
Government and Other Bonds and Debentures
Not exceeding market value. The greater portion consists of
Dominion Government and high-grade Provincial and Municipal
securities which mature at early dates.
Stocks .
Industrial and o• ther stocks. Not exceeding market value.
•
Call Loans . •
In Canada • . $ 1,920,538.28
Elsewhere . • . . 14,289,715.53
Payable on demand and secured by bonds, stocks and other
negotiable collateral of greater value than the loans,
TOTAL OF OUICKLY AVAILABLE RESOURCES
(equal to 81.65% of all Liabilities to the Public)
Loans to Provincial and Municipal Governments
including School Districts .
Commercial and Other Loans . .
In Canada . . . . $205,232,367.17
Elsewhere . . . . 16,121,869.59
To manufacturers, farmers. merchants and others, on conditions
consistent with sound banking.
Bank Premises . . •
Two properties only are carried in the names of holding com-
panies: the stock and bonds of these companies are entirely
owned by the Bark and appear on its books at $1.00 in each case.
All other o•' the Bank's premise-, the value of which largely
exceeds $13,900,000.00 .sra included under this beading.
Real Estate, and Mortgages on Real Estate Sold by
the Bank . . . . . .
.Acquired in the course of the Bank's business and in process
of being realized upon.
Customers' Liability under Acceptances and
Letters of Credit .
Represents liabilitte.r of c: tomerr on account of ▪ Lett▪ ers of Credit
issued and Drafts accepted by the Bank fur their :r. -:khat.
Other Assets not included in the Foregoing (but includ-
ing refundable portion of Dominion Government
taxes) •
$112,710,23541
45,053,234.05
38,814,805.11
683,835,390.58
311,309.43
16,210,253.81
. $896,935,228.59
23,569,694.65
221,354,236.76
13,900,000.00
808,330.38
16,184,995.02
' 2,566,745.60
Making Total Resources cif . $1,175,319,231.00
LIABILITIES
Due to the Public
Deposits .
In Canada
Elsewhere . • .
Payable on demand or after notice.
Notes of the Bank in Circulation
Payable on demand.
Acceptances and Letters of Credit Outstanding
Financial responsibilities undertaken on behalf of customers
(see off -setting .amount in "Resources").
Other Liabilities .
Items not included under the foreg• oing headi▪ ngs.
Total Liabilities to the Public .
To meet which the Bank has resources as
indicated above amounting to •
Leaving an excess of Resources over Liabilities, which
represents the Shareholders' interest over which
Liabilities to the Public take precedence.
Capital • $36,000,000.00
Reserve Fund, Profit & Loss • Account
and Reserves for Dividends . 40,793,014.20 $ 76,793,014.20
▪ $1,064,645,439.71.
$930,996,417.53
133,649,022.18
•
15,354,907.00
16,184,995.02
2,340,875.07
$1,098,526,216.80
$1,175,319,231.0(
PROFIT and LOSS ACCOUNT
Profits for the year ended 3ist October, 1942, after making appropriations
to Contingent Reserve Fund, out of which Fund full provision for Bad
and Doubtful Debts has been made, and after deducting Dominion
Government Taxes amounting to $2,539,874.12 "of which $72,360.97
is refundable under the provisions of The Excess Profits Tax .Act) ,
Dividends paid or payable to Shareholders . $2,700,000.00
Appropriation for Bank Premises , . 500,000.00
Balance of Profit and Loss Account, 31st October, 1941 . • •
Balance of Profit and Loss carried forward
HUNTLY R. DRI'MMOND, G. W. SPINNEY,
President
$3,283.018.19
3,200,000.00
$ 83,018.19
• $1,153,668.75
$1,236,686.94
General .Manager
* *
The strength of a hank is determined by its history, its policy,
its management and the extent of its resources. For 125 years the
Bank of Montreal bas beets in the forefront o f Canadian finance.
DRYSDALE
Mr nand Mrs. Alex Aubin of -near
iKilipen were Sunday visitors with
,their daughter, Mrs L Montague.
Messrs Claude Bedard, Joe Masse
Mr and Mre John Denomme of Win-
dror were week -end visitors with re-
latives and friends.
Mr Fred Papineau of Detroit, Mr
Peter and Alphonse Papineau all of
Windsor spent the week -end at the
former's farm.
]:Private .john Denomme and Mrs.
Denomme of Niagara on the Lake, is
spending a two week's leave with
their parents.
Miss Voronique Aubin .s visiting
with her sister .Viva. L. . 'lent:i ue,
Mr. Betini,j Denomme of tendon,
I ,5c it Sun =lay with his Barents, 3!'i'
thiel lblxs, Armand Deno: ire.
St. Joseph and Beaver Town
Mr. and 'Mrs Philbart Denornme of
Windsor spent a few days the past
week visiting with friends and also
moving away their furniture to their
ned home in Windsor. '!
Miss Lueine Denomme of the Blue
Water north was a St. Joseph visitor
on Sunday last to Miss Antionette
Masse.
Mr Nel:+on Bedard of St. Joseph
north left on Monday last for Wind -
Mrs. Rachel I)etiomine of 9Jiridsor
spent a few days in this neighbor-
hood visiting rwith Mr and .Mrs Len.
Snraras and other relatives.
Mr and Mrs Percy Bedard of the
Pine 9'pter north urea. a visitor to
lir and Mrs James .Masse on Sunday
enther in the ,poa`t'A »fftee.
Mars. T tloperoft is spending a
week with her father in Chesley.
Walter Ness 4nd friend of London
spent the wee'lt end with his another
Mrs. Nes.
Mr and Mrs Marry Coots or Wind -
or were week -end visitors here and
in Hensall.
Misses Ist belle :and Lily Howleaa of
London were week -end visitors with
Mr and Mrs. 'T. Harry Hoffman.
Mrs A B (Oestreicher and Eunice
spent the .week4end in Toronto.
Mrs Floyd 'Wein who underwent
an operation in iLondon Hospital was
able to be (brought home ion Sun-
day.
Pte. Ralph lWeber of Chatham was
home for the week -end.
Mr and Mrs:Sam Oestreicher spent
last Friday iin 'Kitchener. Mrs. •Oes-
treicher staying over for the week.
Members ;o:C'the Ladies Aid enter-
tained their 'husbands and friends to
a fowl dinn :dinner in the basement
of the Lutheran church and had Rev
and Mrs T TLtlft present as their hon
Dred guests neoanmernorating the 1245th
anniversary 'in 'the ministry of Mr.
Luft. FalloWing the dinner a .cong-
regational •seri*ice was held in the
auditorium 'eat -the church and Rev. A
F Poll of :Sclbrrngvllle in charge. At
the close ,of ttlhe service a social hr.
was spent in :tite`,basement when Rev
Loft was presented with a purse of
money from the -congregation. The
presentatisn nsnade by two of the
elders of the cthatxch, Lev. Schendel
and Ernest Matter. '.Mr. Luft made a
very fitting reply. 'The evening was
spent in .conamuriit .singing conduct-
ed by Clayton lPfile so Dashwood and
speeches were rtnade'by Rev. A. Poll
of Sebringv-8.le •sand 'Soy. ea. Polies
of Wartburg. A. Acafeneria lunch was
served the tattle 'being • cgeared with
t.a lovely anniversary cake decorated
w, ith dandles. Mr Lzttlft ac wrtne to Dash -
r
last.
The Messrs Peter and Frank Pap-
ineau of Windsor and Frederick of
Detroit spent the week -end in this
vicinity.
DASHWOOD
Mrs Hooper has moved into Mr. E
R •Guenther's apartment above the
post `office.
Mr and Mrs .Melton Wolper moved
their household effects to Ingersoll
where he has secured employment.
1blr and Mrs A White and two da-
ughters of Detroit spent Thursday
with her mother, ;Mrs W.itzel.
Tpe Ross Guenther loft this week
for Halifax.
Miss Dorothy Ratz of Slainka has
taken a position with Mr, E. R. G'tw
wood in 1933 and has served the foc-
al congregation since that time:.
STANLEY TOWNSHIP
Clifford Seotchmer of Chicago sp-
ent the week and. with his parents,
Mr and Mrs John ;Scotahaner Sr., of
the Bronson line.
Sorry to report that Mrs. John
Rathwell is quite ill at present.
Red Cross Notes
The nursing course, which the Va-
rna Red Cross has been planning' far
will not begin until .after the New
Year. All ladies who wish to take .ad»
vantage of this course are requested
to register with the secretary, Miss
Rachel Johnston, as soon as pos-
sible that final arrangements may be
completed. The quiltingcommittee
report a very active season has be-
gun, three quilts finished, which in-
clude a top donated by Mrs Connell;
a top by Mrs. Ings, assisted by girls;
another top from the WMsS of the
United Church, the lining for which
was donated iby Mrs Helen Clarke.A
top just been received from the Jun-
ior Institute.
Councillor is Injured
W J Falconer, prominent Stanley
Township farmer and Councillor, is
Iin Clinton Hospital seriously injured
in a fall which occurred on the eve.
of Nov. 248th at his farms. He had
gone u into the hay mow to put down
feed for the stabled stock and in
Thursday, Deeember 3rd, 1942
the semi -darkness appears to have
stepped' over the edge of the , feed
chute, falling a distance of 30 feet
to the haseanent floor. His sons Mer-
vyn and Frank, who were also work»
ing about the barn and yard, 'format
their father lying unconscious in titter
feed passage. Dr,Oakes, of Clinton.
was summoned and had the injured
man removed by ambulance to the
Clinton Hospital where it was Mound
he had considerable bruises.
PERMITNEEDED
The Price Board issued an order'
last Tuesday placing under permit all
slaughtering of livestock for the sale
ofo sheat. The measure is designated
to obtain more complete control of
meat supplies throughout Canada.
The order specifies that after Janu-
ary 1, 1943, "no person shall
unless he has previouslyobtained a
permit from the foods administrator
(J G Taggart) or anv other person
authorized by the board, operate an
abattoir or slaughter -house, or slaw
ghter livestock er have livestock sia'.
ughtered for him if the meat so ob-
tained is sold or ,offered for sale ix
fresh, frozen or other processed
form." This order does not apply to
any fanner or livestock produeer,.
who slaughters livestock for his hou-
seholdconsumption only. But it he
slaughters animals for retail or other
sale, n a public market or Qiihexwiseo-
a permit is then required.
Dead and Disabled Animal's
REMOVED PROMPTLY
Phone: Collect: Exeter 235. Seaforth 15
DARLING and CO. Of CANADA LTD.
(ESSENTIAL WAR INDUSTRY),
,STAT EME NT
about
In spite of the fact that in some Canadian cities butter supplies recently have not
been sufficient to meet the greatly increased demands, the situation does not
constitute an emergency: nor is it as serious as some people seem to think. There
are two main causes for these temporary and local shortages:
For the past year we have been consistently using
10% to 15% more batter than in normal times—
with consequent disturbance to the distribution'
of our butter supplies.
Many people have been buying more butter than
they currently need.
The limited nature of the present shortage is shown by the fact that if every home
would .reduce its consumption of butter by only one ounce per person per week (for
the average home this means a quarter of a pound a week)—or if we reduced our
national consumption to the peacetime rate --the shortage would soon disappear.
There is no Reason for Panic Buying
•
It is unpatriotic and unnecessary
bOurs to the nearest grocery store.
HOW TO SAVE BUTTER
AT i1EAL-'CMI.
1. lTse hatter only for spreading
On bread.
0. Never use butter just out of
the refrigerator. Wait until it
is soft enough to spread easily.
3. Add a small 'amount: of milk
when creaming butter for .
sandwiches.
IN COOKING
1. Do not use butter in baking
and cooking, when lard, shor-
tening or meat dripping can
be used.
.l7se level measurements of
butter.... Guesswork means
waste:
3. When adding cheese to a
cream or white sauce, use
only half amount of butter
stated in recipe.
4. Use paper wrappings from but-
ter to grease baking dishes,
5, Do not use butter for re-
warming vegetables,
6. Serve meat gravy to avoid the
use of extra butter on potatoes.
7. When adding butter to vege-
table dishes, add it sparingly.
Do not melt it and then pour
on,
for housewives to rush out to beat their neigh -
Butter wilt not be rationed to meet the present
situation. Butter production is actually above
normal for this time of year. The Board itself is
taking special action which it is believed will
speedily restore normal supplies in retail stores.
These supplies will however be adequate for
normal consuinption, if housewives in all parts
of Canada co-operate.
Yqu can help in these wags:
Scrupulously avoid waste and'
extravagance. Waste is wrong
at all tithes. In time of war it
is sabotage.
Reduce present eonsunliption
of butter by at least one ounce
per person per week --(for
the average home this means
a quarter of a pound a week.)
Do not buy more than Set
needed for immediate use.
$Iw