HomeMy WebLinkAboutZurich Herald, 1938-12-08, Page 4w4'rE O7R
Fay Uncial Report
Showing assets at the highest point
ince 1929, the Bank of Mantreals'
•,
annual financial statement just issued
contains. numerous features which
in.acaite a steady expantaion m opel•-
,tions during the past twee'' months.
Nat only does the statement show
that the Bank has maintained Its tra-
aditionally strong position but the
figures reveal a year of prog cess in
▪ 111
the main Channels of the Bank's
ibusiness, with assets up by over $44,-
4000,000 bringing the total to $874,-
255,828, the highest in any year
~minae 1929. The liquid position of
the Bank is shown by quickly avail-
able resource., which total $620,-
385,119, of 77.80% of all liabilities
to the public. Notable is 'the substan-
' tial increase in loans which, exclusive
jof call money, amount to 8227,000,-
000 as compared with $204,000,000 a
year ago. Call loans fn 'Canada show
ra slight decrease compared with those
of 1937 while abroad They are a mil-
lion and a half dollars higher at 821-
493,000. Increases are also noted in
both deposits and holdings of Gover-
nment and other bonds and debentur-
es.
HILLSGREEN
Mr. George Stephenson of Walk-
,erton visited his parents Mr. and Mrs
E. Stephenson during the week.
Mr. and Mrs. Earl Love and Mr.
and Mrs. W. Davidson -visited friends
at Stratford during the week.
Mrs. Minr rove is visiting her son
Voss and wife and fancily.
Mr. and Mrs. C. J. Cochrane and
Mr. and Mrs. Peter Cameron of
Sask. called to see Mr. W. J. Jarrott
itne t ternoon.
Mrs. J..Jarrott of lippdn Mid on
.1)r. Gilbert of Hamilton, walled on
relatives one evening.
The sympathy of the community is
felt for Mr, and Mrs, Eldon Jarrett
in the loss .of their infant craughter`
last Friday,
Mr. and Mrs, G. Love and •Mr. and
Mrs. H. Fuss were to Guelph •ane
day.
Mr. and Mr's. W. Richardson visited
relatives at Tillsonburg.
St. Joseph and Beaver Town
Mrs. N. A. Cantin who has been
visiting in Detroit the past week, has
returned on Friday last:
Mr. and Mrs. Joseph Bedard and.
Mr, and 1VIrs. Leon .Bedard of Pointe
Aux rouleau, and Mr, and Mrs, Gil-
bert Denomme of St, .Joseph were
Sunday visitors with Mr, and Mrs.
Gilbert Jeffrey.
Miss Gabriel Cantin •of Detroit,
called on her parents :on Sunday.
Mr. and Mrs. Tyrus 'Stansberry and
sons of Detroit were week -end visit-
ors •with the latter's parents, Till'. and
Mrs. F. Ducharme of the Blue Water
Highway south
Miss Eyonne Masse who has been
spending a few weeks in Windsor
with her sister, Mrs. Lydon Denomme
has returned to her home.
Miss Veronica Ducharme who sp-
ent a few weeks 'in Detroit, returned
home on, Saturday last.
DRYSDALE
Mr. Ed Etue, Mr. and Mrs. Chas.
Bedard attended the funerar of the
late Father Brisson at Windsor, and
whose remains were buried at Lon-
don.
oil00
ZURICH — ONT.
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signet ring with $8.95
white top at
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What he las ;always .wanted
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Choose this fine 15 jewel
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STOP AT
!UM'S 01E -STOP SERVICE,
BLUE MARATHON GAS altd la t. Delivered ;to °ou the most modern
way, with. a WAYNE Co rating I°ump that automatically figuses the
amount of your purchase. These 1i sumps are utaetl ,in all leading gas
stations in Canada, and U. S. A.
HIGH PRESSURE LUBRICATION. 'Your car is Q;reased by attend-
ants that have had five years id practical and tec$7is' ce11 experience in
Detroit. We use the latest model at pressure ;gx gun .using
seven different kinds of grease tri lubricate yomr rear
EXPERT REPAIRING To all rnaltes Of oars at attraci5Ve prises.
Special Prices on Brakes dined
Car Wash 39o. Tire Repair 25c
Battery and Tires checked and windshield cleaned Free. We Aim
to please. When in Zurich take advantage of our modern rest ?wins‘
Zurich's Up-to•Date Service Station and Garage
HOWARD KLOPP, LESSEE
C. 1"i'ritz & Son Used Car Lot in Con';ection
Use Eine Marathon Gas for Better Mihhage
GOODYEAR TIRE'S, BATTERIES ACCESSORIES.S'ht,, me 78
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ZVRICH H•RALt
Mr. Ed. 13adore has engaged. with
Miss Rose Snowden for the .winter
months,
Rev, Father Bii'isson spent a few
clays with .his parents near near Chatham.:
Mrs. Erdest Denomme spent a day
with her mother, Mrs, Wm. Dolton -
me.
Mrs. Braude Denonime spent a few
days with her sister, Paul Masse
of the Bronson .line,
Mr. Loo (Corrive'au is busy these
days getting signers for the preven-
tion of T. B. in cattle campaign. Mr,
Steckle from Stanlef brought to the
burg for examination by Dr. W. B.
Coxon the head of an animal that
was badly diseased with T.B.
BLAKE
Mr, and Mrs,. Josiah ,Steckle and
family visited on ,Sunday with Mr.
and Mrs. Rudy Swartzentruber.
Mr. and Mrs. Jacob Gingeric'h, and
family, Mr. and Mrs. Dave Gingerich
were Sunday visitors with Mr. and
Mrs. Sam Gingerich.
Mr. and Mrs. Peter ]3rennerman
from Tavistock were Monday visitors
with Mr. and Mrs. Jacob Swartzen-
truher,
M. and Mrs. Chris Schultz and
family were Sunday visitors with
Mr. and Mrs. Gordon Erb.
Mrs. Chris ,Swartzentruber who
spent sometime with her mother who
is ill near Carthage, N. Y. State. has
returned home recently.
A few of the Blake boys gathered
around Monday evening for the aChi-
veree of Mr. and Mrs. Lloyd Finni-
gan. The boys wish to thank the
young couple for the kind hospital-
ity.
STANLEY TOWNSHIP
Mr. and Mrs. E. A. Westlake of
the Blue Water Highway, and who
have been lifelong residents of that
community have moved to Bayfield,
where they have occupied their fine
new home built on Clan Gregor
Square, where their many friends
hope they will enjoy many years of
comfortable retirement. •
At the recent Nomination in Bay-
field for Village Trustees, the- old
board was re-elected.
Goshen School, No. 5 Stanley, will
hold their Christmas concert on
Thursday Dec. 22 at 8 p.m.
Mrs. J. A. ,Carn'ie and daughter
Jean have moved to the Blue Water
Highway to spend the winter with
Mr. and Mrs. Gladwin Westlake.
Miss Celinda Steckle is at present
visiting her sister Mrs. Smith at
Markham.
Considerable interest is being tak-
en by farmers re the question of
making Huron County .a eestx'cted
area. Local meeting •have -•ec-. con-
ducted by our Agricultural Repres-
entative and the people are co-oper-
ing to have it go over in a big way.
Mrs. Thomas Snowden is at Eg-
inor_dville with her cousin Mrs. G. :11.,
Coleman who, had the misfortune to
Hall and break her knee.
DASHWOOD
NOTICE
Rubber Footwear is greatly
Reduced in Price this year.
Watch our windows for prices.
Pfile's Shoe Store, Dashwood
Mr. William Kleinstiver who spent
a few weeks in Chicago has returned
home.
The Bazaar held on Saturday pro-
ved to be very successful.
Mr. and Mrs. G. Fee of Hensall,
were Sunday visitors with Mr. and
Mrs. S. Gottschalk and Mr. and Mrs.
W. Stade.
Mrs. P. Haberer and Mr. Bruce
$lopp of Zurich spent Monaay with
relatives in town.
Mrs. K. Meidinger who has been
attending Mrs. Koch has returned to
her home in Hti ensall.
Mrs. Ezra Bender met with a nasty
accident one day last week when she
was bitten by a dog causing her to
fall breaking the ligaments in her
leg.
Harry Hoffman attended the an-
nual dinner dance of the Ontario
Commercial Travelers' night held at
Hotel London on Friday night as gu-
.est soloist.
Mrs. Wm. Eveland is visiting in
Detroit.
Have Successful Month
The Walther League society of
Zion Lutheran church, Dashwood got
into full awing during November, and
meetings were well attended. On
November the 1st under the direction
of the pastor Rev. T. Luft, a mission
study was coziclucted bearing on the
z.hurch's wozik among the Indians,
Jews and peoge of foreign tongue.
On the following Tuesday the subject
was Bible study; The next week the
soder* had the .nivilege or hawing,:
Itev:'E. Mueller of o,^,levelanc, a focal:
boy Who is working among the col -
cured pro sle of that eirt5 , Rev. Mueller
a.ve• a detailed description of his
work among the Negroes which pro-
ved bigliKly *Wresting. The society re
_pondod with a rising vote of thanks,
One week later the society aecussed
'Murch music and hymnology fn wh-
ich meeting Mrs, Edgar :�ssterneyer
;ave an interesting essay on Ojai.
subject. On the last Tuesday of
eolith various businees affairs wet'
taken up following by a short one -ac'
clay "Who's a Coward" fp which El
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Poconiber 8th, '1988
{
BANK OF' McNTREAL
Esta.blishedi 1181;7.
eAp. resentation in easily understandable f9rin,,
of the. Bank's
ANNUAL STATEMENT
31st October,, 1938.,
LIABILITIES
LIABILITIES TO THE: PUBLIC.
Deposits . . . .. ..
Payable on demand and aftrn notice..
Notes of the Bank in Circulation .
Payable on demand.
Bills Payable . . .. ..
Time drafts issued and outstanding..
Acceptances and Letters of Credit Outstanding
Financial responsibilities undertaken on behalf of customers
(see off -setting amount in "Resources"):
Other Liabilities to the Public
Items which do not come under the foregoing headings.
Total Liabilities to the Public . .
LIABILITIES TO THE SHAR: HOLDEE?S
Capital, Surplus and. Undivided Profits
and Reserves for Dividends .
This amount represents the shareholders' interest in • the Bann,
over which liabilities. to the public, take precedence.
Total Liabilities: ., $874,2:55,828.88
$763,156,945:74"
22,542,921.50 ,
V9,848.31
11,377,574.84
3,1:12,201.10
$797,339,491.49
76,916,337:39
RESOURCES
To meet the foregoing Liabilities the Bank has.
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' n
gilt -edge securities whish mature at early dates.
Stocks . . . . . . _.
Industrial and other stocks. Not exceeding. mnarket••rralne_
Call Loans outside of Canada . . . . .•
Secured by bonds, stocks and other negotiable :.ecrerities• of
greater value than the loans ani'representing moneys quick:..,
available with no disturbing effect on conditions kr Canada.
Call Loans in Canada . . . . .
Payable on demand and secured'bty bonds and stocks of greate.'c
value than the loans.
Bankers' Acceptances . .. ..
Prime drafts accepted by other banks.
TOTAL OF OUICKLY AVAILABLE RESOURCES
(equal to 77.80% of all Liabilities to the Prtblici
Loans to Provincial and Municipal Governments
including School Districts .
Other Loans . . . . _
7'o manufacturers,. farmers, merchants and'others) on•conditions
consistent with sound Ranking.
Bank Premises . . . . ,.
Two properties only are carried in the names • of holding
cornpanies; the stork and bondi of these companies are en-
tirely owned b5 the Bank and appear on the books at SLOG,
in cash case. All other of the. Bank's premises, the valrce of
which largely exceeds $13,900,000, appear under this heading-
Real
eadingReal Estate, and Mortgages on Real Estate Sold by the
Bask . . . . . . -
Aeq .'.red in the course of the Bank's business and in process
of being realized upon.
Customer' Liability under Acceptances and
Letters of Credit . . . . _ _
Represents liabilities of customers at account of. Letters 4
Credit issued and II'af'ts accepted' by the Bank for their
acce nits. _
Other Assets, toot included in, the Foregoing
t►.
Making Total Assets of .. .
to mass' parymera of Lhrbilities• to the Public of
leaving are excess. at Assets over Liabilities to the Public nj
$ 83,225,62335.
30,371,395.13
33$43,063.62
440,736,820.55
159,651.75
21,493,00538
5,374,98029
30,579.85
$6.20,335,119-92
37,015,594.19
190,687,855.52
13,900;000.00
1,096,707.73
8,377,574.84
2,342,976.68
$87'1,255,828.88
797,339,491.49
$ 76,916,337.39
PROFIT and' LOSS. ACCOUNT
Profi for tlieyea a nide& 31st October, 1938, after making appropriations
to Contingent Reser.e Fund, out of which Fund full provision for mad
and! Doubtful. Debts has been made, and after deducting Dominion and
Pr :Ext l: Government Taxes amounting to $1,152,615.49 -
Divideads paid or payable to Shareholders . . 2,880,800.00
Appropriatibre fen Bank Premises . • 500,000.00
$3.398.390.99
3.380,000.00
$ 18,390.99
Balance of No& and Moss Akwunt;.3'Oth October.. 1937 • _ 1,164,863.53
Balance of Profit . and Loss cactaed,forward.
CHARLES B. GORDON,
Presicteot t
$1,183,25452
JACKSC1N DODDS,,
• G. Nir. SPINNEY,
joint General Managers
The strength of a bank is' determined by its history, its policy.
its management and the extent of its resources. For 121 years the
Bank of Montreal hers been in the f ore f r•ont sof Canadian finance.
this manner Zion Walther League has
planned ;an, instructive and churchly
program which is meeting with a rea-
di response and will prove helpful to
intelligent church memberships. The
society intends to report in these col-
umns from month to month.
HENSALL
SPECIAL WE'11Sr-END SALE of
Ladies' Winter Coats and Dresses,
front The Bose Upstair ;s...oppe of
London, at G.00dwin's Store, Hensall,
ii'riday and Saturday.
Mr, and Mrs. Alex. Sparks of Bay-
_. '1d called on the foritler's mother,
1f1'r::. M. Sparks. They were en their
Ley iwry Florida wftero they will spend
he scow^N i"1?i;l�il?
the store sax; the Petty block recently3!Gx. land Mrs. Harold ,Hilliard of
vacated by T. D. Wren, where he; .Sinlsville -called ion friends. here.,
has opened up: a fine hardware stem. Master Ross Corbett,who has.,beent
Mr. and Mrs. Lee :n'edden harm 'visiting with his grandparents, Mn.
moved into the: apartments; above T. and Mrs. Albert Morenz at Dashwood'
D. Wren's store and are getting; nie- has returned home.
ely settled. Mrs. Lyle Stratham, of lsinggsville,
:MacLean, acLean, who is employed at 'humanly 1Jlaes Jean Elder, sprout, a.
Cook Bros., grain mill had the rots- fow days here with her parents, Mr:.
fortune of getting his hand crura the and -Mrs. John Elder, also attending -
elevator, busing his fingers cut so the funeral of her aunt, Mrs. R. Moir%.
severely that it required severat stit- ?lets] Kaiser of Detroit was a serf
cher to close the wounds. eat wisntor with his parents, Mr. and,
Mrs. John Raiser.
Mr. and Mrs. John Raiser, v,bol Joyce ,Scruton of Toronto spent
have :been visiting for the past; few the week end with her mother,Mrs.
weeks with relatives in Detroit, re- A. Srruton and sister, Mrs. P. Me -
turned borne recently.iirtttgilitoax
1?ou les Sangster underwtmt, an Penis Cantelon of Schomberg viiis-
opuraation, for .remal] ovo:° t.'?neIes a+' rte With file mother, Mes. l). Cam
it � iiirhu tor ....• i�.