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HomeMy WebLinkAboutZurich Herald, 1947-11-27, Page 4Ze ► ZURICH, ONTARIO Leav tt's Theatre Exeter, Ont. Phone 135 Thurs., Friday, Sat., Nov. 27, 28, 29 "FIESTA" —Starring— Esther Williams Ricardo Montalban Syd. Charisse M.G.M. Tech, color feature Monday, Tuesday Dec. TWO FEATURES: (Adult Entertainment) "POSSESSED" 1, --Starring— Joan Crawford Van Heflin and Raymond Massey "THE CHASE" —Starring- -Robert Cummings Peter Lorre 0n Wednesday only, Dec. 3rd, Two, Features: ''-PARSON AND THE HUNTRESS" Starring Johnny Weismuller "FALCON'S ADVENTURE" 'Starring Tom Conway COMING — Dear Ruth, Dec. 4, 5, 6th. The Variety Girl. Royal Wed- -ding, Carnegie Hall, Batchelor and the Bobby Soxer. Perils of Pauline .For Ever Amber on Jan. 5, 6, 7th. Aldon Theatre GRAND BEND Presents for Your Enjoyment Following Attractions: the -.uFriday, Saturday Nov. 28, 29. "Joe Palooka Camp" Starrring J. Kerwood and Leon Errol ,."Rainbow Over Rockies" .. Starring J. Wakely mon., Tues. Dec. 1, 2 "Two Mrs. Carrolls" (Adult Entertainment) --Starring— Humphrey Bogart,Barbara Stanvryck Short Subjects: "BIGTIME REVIEW" "FAIR and Warmer" Veda Thurs. Dec. 3, 4 "City For Conquest" —Starring— James •Cagney Ann Sheridan Short 'Subjects. - "MELODY of YOUTH" "Mousernerized Cat" DASHWOOD . BAZAAR and BAKING SALE . The Ladies' Aid of Zion Lutheran Church are -having a Christmas Tea, Bazaar ;and Baking Sale on Satur- day afternoon, December 6th at Pale's Hall, Dashwood, from g to 5 Kam. The public is cordially invited. Mr. Gordon Eagleson who has been in Montreal for several months - has. returned home. Ray Snell has accepted a position -with Mr. Harold Kellerman in the chopping mill: Mr. and Mrs. Harry Cook of Win- dsor spent the week -end here and in He nsall. George and Russell Tiernan spent -a few days at the Winter Fair in Toronto last week. Mr. Ed. Nadiger is spending a law days with his sister, in Mt Clem- aens, Mich. Mr. and Mrs. Merrier Eilber of 'Ivothville, Mich., spent a few days with the Kraft (Sisters. Mr. and Mrs. Alvin WiIlert have moved on to the farm of Mr. A. - -Tiernan formerly known as the Web- .er Farm. Mr. Sprule Currie motored to .Ieaford on Sunday. Mr. Van Dyke . of Tavistock in- tends spending the winter with his daughter Mrs. Ness. Mr. and Mrs. Otto Restemeyer 'visited in London on Sunday. Several from here attended the funeral of the late Mrs. W. Walper in Exeter on Monday. Miss Mona Tetreau and Mr. ICen- neth Kraft and :1Ii: s Marion Smith and Albert Rader spent the past week -end in Toronto attending the Ice Follies. Mr. Thos. Ogden or Iriiimor', +Sa k., who has been recuperating nt 'the home of his _sister, Mr,. Wm. Nadiger for the past six we•ks, re- turned to his home on Wednesday, accompanied by his son Roy of Fill- more, Sask., who came east two weeks ago to accompany his father home, and has been visiting relativ- es in and around here. Mr. and Mrs. Wesley Filkins of ;Howell, Mich.. scant the week -end 'with her parents, Mr. and Mrs. Win. Nadiger. VI C;,l,nn-, r; ve:a" old 'lamely ter of Mr. and Mrs. Cliff Salmon, tmdev•„r•r' „„ on'ration for append- i�,;,:,. 1., 12,,,,,1 ,ti Ho; :+.,,t 1...+ w..,t, ,.,?m. l.. STANLEY TOWNSHIP Mrs. S. E. Hodgson of Saskatoon, Sask., is visiting at the home of her brother -in. -law and sister, Mr. and Mrs. W. Sparks, Bortz —• Steckle — At the Scott Memorial Hospital, Seaforth, on Nov 15th, to Mr. and Mrs. Ivan Steckle, of Hayfield, a son. -Robert D. Scotchmer Robert David Scotchmer died at ZURICH HERALD his home, Hayfield on November 21, after a short illness. He was born in Bayfield, the son of the late Alfred Scotchmer, and died in (his 76th year. He lived on and farmed on the Bronson line, Stanley 'Township un- til he-rdtired in 1926 to live in Hay- field. He was married in 1895 to Jane Sherritt who died in 10124, He later married Margaret Campbell who survives. Also surviving are two sons, Harold, Toronto; and .Lloyd Barfield, four daughters, Mrs. Don McKenzie and Mrs. Bert Dunn, of near Bayfield; Miss Mabel Scotchmer Toronto, .three sisters, Mrs. Wm. Heard, Hayfield; Mrs, James Porter, Goderich; Mrs. Myron Butler, Van- couver, and four brothers, Alfred and John, Bayfield; Fred, Richmond Hill; and William, Egmondvi'lle. The body rested at the residence until 2.30 p.m. Sunday when services were held in St. Andrews United Church. Interment Cemetery. John Wellington Johnston There passed away on Sunday, Nov. 9, at his home on the Bayfield Road, J. Wellington Johnston, who was born Oct. 9, 1872 and resided on the homestead, except for ten years, until his death. He was married to Mary E. Clarke, June 1903, daughter of the late Mr. and Mrs. Wm. Clark, Babylon line, who survives him with was made in Hayfield Thurs-day, November 27th, 194W two sons and four daughters: Jv. Perce Johnston of Wellington, Renu E. Johnston, Toronto; Mrs. Mel"vim Webster, Varna; Miss Rachel John-. stun, Varna; Mrs. Harold Rowson, Varna; Lloyd W. Johnston, Varna, and eight grand children. He was a, son of the late Mr. and Mrs. Johm Johnston, Varna. His only siater,l4Srd Thos. M. Johnston, predeceased hina in 1944. The departed was a member trf the Varna United Church. L. 111115 BILLION -DOLLAR STORY Everywhere in Canada —in villages, towns, metro- politan centres — you can :find them. They are the people — 1,50:0,0:0"0 strong — in every walk of 'life who are building their factures and doing their day-to- day financing by saving or borrowing at the Bank of Montreal. Every member of this B of M family has a hand in building the resources of the Bank while he builds 'his own facture. These resources, which amount to nearly two billion (dollars, exist almost entirely ibecause of the balances these people can show you in their ,BX:f.M passbooks. 'This money does not stand idle b , . it works constantly for the building of the nation. Here is the money that makes the wheels of commerce turn ... that helps the farmer garner 1 crops ... that helps the lumberman buy equipment and pay his men. Here are the d©liars that enable the • Here is the credit that provides thousands of business enter- prises --- from the largest company to the smallest one -matt show — with the ready money they need to buy raw materials 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. Bank to make more than 500 personal loans every business day of the year to men and women who need money to meet emergencies and take advantage of opportunities. * For 130 years Canadians have put their trust in the B of M. Never in that time has the. / Bank failed to repay a dollar left in its /V care ... never has it failed to open for business on a single banking day. f0 Vt.';mac. la, THE icACtS WNAT 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 the form of notes of, cheques on, -'and deposits with other banks. . . . .. . INVESTMENTS: The B of M has close to one billion dollars invested in high-grade government bonds and other public securities, which have a ready mar- ket. Listed on the Bank's books at a figure not greater than their market value, they amount to . . The B of M has other bonds, debentures and stocks, representing to some extent the extension .of credit to industrial enterprises for reconversion and for expansion of productive facilities in established . fields. Valued at no more than the market price, they amount to CALL LOANS: The B of M has call loans which are fully protected by quickly saleable securities. These loans amount to 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 LOANS: During the year, many millions of dollars have been lent to business and industrial enterprises for production of every kind, including housing and construction — to farmers, 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 . . . SANK BUILDINGS: In hamlets, villages, towns and large cities from coast to coast the B of M serves its customers at more than 500 offices. The value of the buildings owned by the Bank, together with furniture and equipment, is shown on its books at . OTHER ASSETS: These chiefly represent liabilities of customers for commitments made by the Bank on their behalf, covering foreign and domestic trade transactions. se TOTAL RESOURCES WHICH THE B of M HAS TO MEET ITS OBLIGATIONS - tr • r., r:y 136,768,245.65 957,888,826.81 96,866,538.42 36,807,209.71 $1,432,027,658.28 421,704,063.46 13,276,623.00 31,396,960.45 $1,898,405,305.19 BANK OF WHAT THE 0 of M OWES TO OTHERS DEPOSITS: While many business firms, manufacturers, merchants, farmers and people in every type of busi- ness have large deposits with the B of M, the bulk of the money on deposit with the Bank is the savings of more than a million private citizens. The total of all deposits is . . . . ®• . . . SANK NOTES: B of M bills in circulation, which are VW payable on presentation, amount to . - . OTHER LIABILITIES: Miscellaneous items, represent- . ing mainly commitments undertaken by the Bank on behalf of customers in their foreign and domestic trade transactions TOTAL OF WHAT THE B of M OWES ITS DEPOSITORS AND OTHERS TO PAY ALL IT OWES, THE B'of M HAS TOTAL RE- SOURCES, AS SHOWN ON THE LEFT SIDE OF THIS STATEMENT. AMOUNTING TO WHICH MEANS THAT THE B of M HAS RESOURCES OVER AND ABOVE WHAT IT OWES, AMOUNTING TO '$ 812,079,571.19 emonin And This figure of $81,079,571.10 is made up of money subscribed by the shareholders and, to some extent, of profits which have from time to time been ploughed back into the business to broaden the Bank's services and to give added protection for the depositors. * s * 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 B of M reports earnings for the twelve months ended October 31st, 1947, of . Provision for Dominion Income and Excess Profits Taxes and Provincial Taxes Leaving Net Earnings of This amount.was distributed as follows: Dividends to Shareholders Balance to Profit and Loss Account $1,783,441,647.351 4,783,548.0o 29,100,538.78: $1,817,325,734.09= 1,898,405,385.19 $ 9,579,285.29 4,156,000.00 5,423,285.29 $ 1,600,000.00 BofM EARNINGS ON THE SHAREHOLDERS' IN On mach dollar of the shareholders' money Bank of Montreal, the Bank earned 11.81 AND HOW To TAXES 5.12 THEY WERE To SHAREHOLDERS 4.43 DIVIDED To SURPLUS2.26 1,823,285.29 VESTMENT invested in the cents in 1947. cents cents cents ?'.'..�.w�.,,'•.;lt.'i:',�•..py..`V r,.;,.rM1 .;\;,�r,�` h; ��.�,}�>:as,, .:.;ph„":�”, ::��" �ti��t. L:\:r;;, M1•t_ ..y? ,1a,.` : .r::f ..,v:..•. V '..o.. .... `. r......}. ......w.`a 12.3# �' r ;>: OVA. g,, �� < •i.Y�v • �3+. +,r„fiErr'�lk a,~ : a3'•�1 Yr. ra:::�V•alG. 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