HomeMy WebLinkAboutZurich Herald, 1949-12-01, Page 4ZURI# ONTARIO
ZURICH HERALD
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• H E NI. S A L !..
LADIES! Don't forget to look
+over the gift selections at 'Tudor's in
Ileneall. Lunch cloths, Scotch lace
itable ct otitis, 100 V., all -wool aalankete
-and Bed Covers.•
Mr and Mrs F: E. kshn'ian and
family of Tillsonburg visaed with
.Mrs. Ashman's si _ter, Mr. and Mrs.
Thos Chuter.
Mrs. Harold Broderick ane eon and r
Mfrs. E. Broderick of Exetei, visited
.with Mrs. Flora Consitt.
ANNU
the public, by trying to give thonn a
severe and hard winter for the saki
of one's health, or by other'., who are
trying to prophesy a mild anti open
I winter, so that they will not suffer
I from the cold. All seems to be fruit:_
less;.-
In the neighborhood, .ascii �n • m-
ment has already beeii aired, and
s much have met with disapprova�.BUt
AL REPORT
Montreal — Outstanding features
,of the Bank of Montreal's 132nd an-
nual
report is the fact that, for the I
first year_end in the bank':, history,
its total resources exceed the two -
billion -dollar mark, n.hile deposits
and commercial loan: are at recoxd
levels. Always a dePendabble reflect-
ion of the nation's economic health,
the report of Canada's seni,.r finan-
cial institution this year shows sub-
etantial growth in practically every
phase of the Bank's • operations.
What the bank's two billion dollar
resources represent, anri no•,v they
are put to work, provide the raVr mat
erial for this informal, humanized
annual state ment, which was orig-
inated ben the B of M in 1945 and
since then has been considerably de-
veloped in answer to the wruespread
public intere::t 'shown in it.
Pertinent thumbnail sketches and
clear simple language in the actual
breakdown of the figures make the
B of M's .statement easy to under-
etand and .of interest to everyone.
Dominion Income Tae and Prov.
Taxes amounted to $3,4055.000, and
dividends of $3,600.000 have been
distributed during the year ended
October 31. This money represents a
return of 4.23 per cent on the share-
holder's funds.
DASHWOOU
The. Youth Fellowship of the Ev-
angelical 11. B. Church will have
charge of the • evening service Sun-
iday Dec. 4th. Ivirs. N. E. Dahms of
,‘Sebringville will be the -guest speak-
aer and special music will be provided
by the Sebringville ;yroung"people.
The Evang. Church Council have
i ranted the young people of the core
anunity the privilege 'of using the
(church shed as a skating rink. Ar-
arangements have been made with
(Eire Lutheran church board for the
)use of their shed for the horses dur_
ling the winter.
- The auditorium of the Evang. U,
E. Church is being redecorated. Ded-
ication services will be held in the
aaear future. . '
•Miss Gladys Marks of Listowell
avpent the week -end with her sister,
Mr and Mrs Henry Hoffman spent
last week -end at Richmond Hill also'.
attending the Royal Winter Fair. at
Toronto.
Mr. Fred Schlundt is on tee sick
list.
Mrs. Cowan of Hanover is visiting
faith her daughter, Mr and Mrs. Har-
eld Kellerman.
Mr and Mrs. T. H. Hoffman. and
1Ir and Mrs L. Kleinstiver spent last
week -end in Bowmanville, also at-
tending the Royal Winter Fair at
Toronto.
Mr and Mrs Marley, Saunders grad r',
family of Exeter, were Sunday visit-
9..s with Mr and Mrs. Harry Hoff -
than. " a
St. Joseph and Beaver Town
Mr and Mrs. Joe Masss and fancily
and Mr. Pierre Dueharree. of Wind-
sor and bliss Ella Gigriac of Ahm-a
erstburg, were visitors with the for-
Iner's parents on the 13. W. Highway l
Messrs. Donimic and Pete Jeffrei.
have started the work on a cottage
en the Wm. Ducharree Jr. summer,
(resort. They expect to have 3z cam-
pieted before wintee sets in,
Mr, and Mrs Xuno Hartman of ,
the Goshen Line, south were Sunday
visitors with Mr and Mrs F. Duch-
erine.
Comment—
wel'1, We are having a little of late ,
fall weather and if taken foo erious-!
y, nno might think that elre''l .' win-
ter 'has set in for . 'oyd; and Satur-
day , r the 17th o° Nowlin:ear, ,c it!
dict titila fall, would mak, o rather: !
Itrr: ; Winter. It i:; p:money for any
oni to be thus .lr.Nr,u;n+Zeal. Already 1
1c re has been .nosh pr ouht: y about
the - t - -' ,. 1,.5
Severe months of winter ahead, This
liter ei r c.r.«,7°,I,., l°''' ,a• -•fog,
br. with critic.r, aora,i It air^.t#r,•..
IrG' '.'T ' ..' ler .ri., r .,. rr 1• ri}; t.rt
1
•
Cleik...1 Notice
Of First Posting 'of Voters' Lists for Year
1949
MUNICIPALITY Of HAY TOWNSHIP, COUNTY OF HURON
NOTICE is hereby given that I have cornplxea with
Section 8 of the VOTERS' LISTS ACT and I have posted
up in my Office, at Zurich, Ontario, on the
19th DAY OF NOVEMBER, 1949
the lint of all persons entitled to vote in •the said Municip-
ality at Municipal Elections and that such list remains there
for inspection.
And I hereby call upon all voters to take immetxiate
proceedings to have any errors or omissions corrected ac_
cording to Law, the last day for appeal being the
10th DAY OF DECEMBER, 1949.
Dated at Zurich, Ontario, this 19th Day of November, 1949
H. W. BROKENSHIRE,
CLERK OF THE TOWNSHIP OF HAY
•
we believe it to be the general opin- furthermore, it would be a great
ion of all, that Indian Summer is disappointment to the tribe, wno molts
yet in the fore set, and if the old I for the first snow fall before stor-
Legend proves this year, as in the ling away their provisions•. for the
past, we can still look for it. And winter.
°Tlntrsdar Decertnber 1st, l4:
E
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THIS YEAR
A TWO -BILLION -DOLLAR
STORY,
Every one of the B of M's 1,700,000 depositors has shared in the
writing of it.
Simple and straightforward, it tells how the two -billion -dollar resources
of Canada's First Bank have been put to work ... how these resources —
born of the deposits of our customers — are helping Canadians in every
walk of life to make a better future for themselves and for Canada.
You can see these dollars
at work everywhere . B of M
commercial loans are
at the highest year-
end figure in the his-
tory of the Bank.
w*.
A^,
.M.
WHAT THE B of M HAS TO MEET ITS OBLIGATIONS:
CASH: The def M has cash in its vaults and money
on deposit +w.iffh the Bank of Canada amounting toes
MONEY in tine form of notes of, cheques on, and
deposits with other banks
INVESTMENTS: The B of M has over a billion dollars
invested in high-grade government bonds and other
public securities, which have a ready market. Luted
on the Bank's batiks at a figure riot greater sham their
market value, rthiaay^amount to
The B of M Meas other bonds, debentures and
stocks, a substaatial part of which represents assis-
tance to industry far plant development in the post-
war period. These investments are carried at
CALL LOANS: T.he &ofM has call loans which are
fully protected by ,gui&l:ly saleable securities. These
loans amount to
QUICKLY AVAILABLE RESOURCES: The resources listed above,
which can quickly be .turned into cash, cover 78% 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—to farmers, fishermen,
lumbermen and rnnthers—to citizens in all, walks of
life, and to Provincial :and Municipal Governments
and School Districts, These loans, now at the highest
year-end figure in the 13ank's history, stand at .
BANK BUILDINGS: In hainlets, villages, towns and
large cities from coast to coast the B of M serves
its customers at 541 office*. The value of the build-
ings 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 ira.td•J,hy the Bank on
their behalf, covering foreign and domestic trade
tainsac•tions
$ 229,296,309.15
156,733,757.58
1,044,968,842.2t
122,917,348.16
• 48,174,652.91
1,602,090,910:01"
487,352,653.41
17,850,169.22
32,394,530.80
;rOTA.1. RPSOURCES WHICH THE I3 crf M I`Li5 TO MEET
ITS OBLIGATIONS ,r2, 39,688,25M i
tr
`ltd
WHAT THE B of M OWES TO OTHERS:
DEPOSITS: While many business firms, manufacturers,
merchants, farmers and peoplein every type of busi-
ness have substantial deposits with the B of M, the =
larger part of the money on deposit•with the Bank is
the savings of well over a million private citizens
The total of all deposits is
BANK NOTES: B of M bills in circulation, which are
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 13 of M HAS RESOURCES;
OVER AND ABOVE WHAT IT OWES, AMOUNTING TO
$2,019,142,697.65
3,621,916.00
31,767,839.18
$2,054,532,452.83-
2,139,688,263.44
$ 85,155,810.61
This figure of $85.,155,810.61 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.
a: ''
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 13 M reports earnings
for the twelve months ended October 31st, 1949, of .
Provision for Dominion Income Tax and Provincial Taxes
Leaving Net Earnings of
This amount was distributed as 'follows:
Dividends to Sharchoklers .
Balance to Profit and Loss Account .
K
9,221,569.97
3,405,000.0ci
. $
5,816,569.97
▪ $ 3,600,000.00
2,216,569.97
N'TR IAL
" O1 KiNG WITH CANADIANS 1N EVERY WALK OF LIFE SINCE 1817
Vaar
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