HomeMy WebLinkAboutThe Huron Expositor, 1950-12-15, Page 2il'AQ TW
E .1 ° `EXPOSITOR
Established 1860
A. Y. McLean, Editor
Published at Seaforth, Ontario, ev-
try Thursday afternoon by McLean
Gros:
Member of Canadian
Weekly Newspapers
Association.
Subscription rates, $2.00 a year in
advance; foreign $2.50 a year. Single
copies, 5 cents each.
Advertising rates on application.
PHONE 41
Authorized as Second Class Mail
Post Office Department, Ottawa
SEAFORTH, Friday, December 15
By -Law Revision Necessary
More and more progressive mun-
icipalities, irrespective of size, are
becoming aware that, in order to
grow in a manner that will avoid pit-
falls for their citizens in the years to
come, some restraint must be placed
on the type and location of construc-
tion.
On the other hand, there are many
municipalitie's-who ignore complete-
ly the problem facing them. They
continue blithely to depend on out-
dated and impractical building by-
laws to provide the protection to
which the residents and the commun-
ity is entitled.
The situation of which the Inger-
soll Tribune complains is by no
means peculiar to Ingersoll.
"At the moment," the Tribune
says, "there is no zoning nor any
building regulations in Ingersoll,
which is a most unsatisfactory con-
dition for a town this size. Perhaps
it is all right for a crossroads com-
munity, but not for one the size and
importance of Ingersoll, an Inger-
soll which would like to become—and
should become—even bigger and
more important. Apparently the on-
ly building requirement that we have
is that we plunk down $1 for a per-
mit. After that, the sky, or the
depths, are the limit.'
•
Back to School
A recent development in education
in Ontario is the growing number of
people over sixteen years of age, who
are heading back to school.
They are not attending school in
the conventional way from nine in
the morning until four in -the after-
noon, but they are going to school
just the same. They are being intro-
duced to a variety of subjects that
results in their being better able to
take their rightful places in their
communities, and as a result enjoy a
fuller and more profitable life.
This back -to -the -classroom move-
ment that started three years ago in
Ottawa has now spread to nineteen
counties in Ontario, each having one
rural community school open one
night a week. Some .4,000 rural resi-
dents are attending the schools that
offer anywhere up to 21 classes a
night in farm, home and recreation-
al subjects ranging from soil conser-
vation to dramatics and interior dec-
orating, to music. Area manage-
ment committees, made up of local
residents, are in charge of the
schools, and the classroom facilities
are provided by district school
boards.
„sU
•
Freedom and What It Means
A philosophy that might well be-
come a guiding principle for Cana-
dians is that which was contained in
a recent 'address by the Chancellor
of Bishop's University, Mr. John
Bassett.
Mr. Bassett, speaking at the an-
nual convocation of the University,
asked his audience what truth is
most necessary for our age. He went
on to give the: answer.
' "May 1 suggest to you that it is
the ancient truth spoken by Pericles
sole twenty-four hundred years ago
*heii...h$ said, 'The secret of freedom
> c `;age.'
,s cret was never more need-
oday, And it is need -
Ma be of good
e ll th wt rids. anxieties;
Ise there are so
tr,
OU
el Of
ity should be one strengthened to re-
sist those who cleverly seek to dis-
credit individual effort and make of
dependence almost a social virtue.
What such false prophets offer is at-
tractive .to the weaker side of human
natures They suggest that there is
a way out of personal responsibility.
"Society; they suggest, may be so
arranged that by some collective or
social organization man can be re-
lieved of the necessity of having him-
self upon his hands. All that is re-
quired is that he should be willing to
submit to the obedience of depend-
ence.
"All this is a fallacy that our uni-
versities should be resolute to ex-
pose. The need for self-reliance aris-
es from the fact that no man can
ever escape, that in all the ultimate
things of life and of experience—the
things that make thought and deci-
sion and faith—man . is alone with
himself .
"Much has been said in this land
about 'security' but Canada must
seek `security' as a reward rather
than as an escape.
"In fact, the' greatest danger is
that Canada may start settling down
before she succeeds in gi'`bwing up
and no symptoms in a nation are
more distressing to behold or are
more alarming to feel than the
symptoms of a premature aging.
"If Canada is to turn her resourc-
es into security, it will require a mass
of effort and an unending enterprise.
If too much emphasis is placed upon
having security before risk, Cana-
dians may find themselves becoming
too content with too little
"But all universities must expose
in our time the bitter fallacy that the
difficulties of life can somehow be
banished if there is only enough or-
ganization, enough centralization of
our body politic, or enough submis-
sion to state authority.
"How much more freedom would
there be for the spirit if the old and
,,unalterable truth were boldly taught
that difficulties are engrained in life,
that they are inescapable, and that
the only freedom lies in a spiritual
courage? . .
"I think that we need to recapture
something of the sombre wisdom of
the writer in the ancient Book of
Ecclesiastes when he wrote: `There
is no discharge in that war.'
"There is no getting out of life's
unending struggle. Life will not Iet
people alone nor guarantee for them
invulnerable security.
"There will always be something
to be done and something that will
require courage in the doing. There
will always be some danger to thrust
back, some enemy to be faced, some
responsibility to be accepted, some
watch to be kept."
What Other Papers Say:
Small Town Advantages
(Aylmer Express)
It is revealed by the Dominion
Bureau of Statistics that in this high-
ly dangerous age, Montreal, the coun-
try's Aargest city, had the worst traf-
fic record with 132 deaths. Toronto,
the second city in population, was
next, with 106 deaths. Then came
Hamilton with 42, Windsor 39, Win-
nipeg 33, and -Ottawa 29. Fortunate-
ly, Aylmer didn't even rate a men-
tion in that report, and we hope it
will remain that way through 1950
and the years to come.
•
Not Necessary
(Port Elgin Times)
Now that municipal elections in the
province are over, that strange con=
glomeration of platitudes—the in-
augural address—will again be trot-
ted out.We can all look forward to
the same old promises of lower tax-
es and better municipal services and
a host of rosy pledges which die as
soon as they are uttered. All any tax-
payer asks is that municipal govern-
ment'be honest (sad to saya great
deal of it not) spending within the
ability of the taxpayer to pay and the
elimination (af wasteful expendi-
tures, If all o ,thesse are given by the
elected representatives the electors
ill overlookh n u ke"4.Of judg-
+EPn" i .,�,,, ;i`I�' + r,:'il1$ F ��sl,v �I•.i,.ix .,i,',h. a;•rt
c / ,9'p ,y1
• THE HURON EXPOSITOR •
The Duchy of Cornwall
(From the London Times)
Cornwall was the first dukedom
ever created in England. It was
conferred by charter of Edward)
III, in the Parliament of 1337, up-
on his son Edward of Woodstock
—called in later ee ituries the
Black Prince—with remainder to
the eldest sons of the Prince's
heirs, those heirs being Kings or
Queens of England. The long list
of castles and manors named in
the charter were intended to pro-
tide for the maintenance of the
heir -apparent to the throne; and so,
tlutugh all the changes and chanc-
es of history, they have remained
to this day.
At present, however, there is no
heir -apparent. In those circum-
stances the charter lays down that
the Duchy and its possessions shall
revert to the Sovereign ua'til such
times as there is an heir to inherit
as Duke. When the Civil List was
fixed at the beginning of the pre-
sent reign, the incomes assigned
by the House of Commons to Prin-
cess Elizabeth ands the Duke of
Gloucester were made at the
King's desire, a charge upon the
revenues of the Duchy' -of Cornwall,
and the surplus devoted to reduc-
ing the cost to the Consolidtated
Fund of making provision for His
Majesty himself and other mem-
bers of the Royal Family.
This surplus was about £90,000
per annusn, and therefore, al-
though the Parliamentary grant
to 'Princess Elizabeth was raised
on her marriage from £6,000 to
£5+0,000 annually, the upkeep of
her household still remains well
within the total which would be
the unchallengeable private inher-
itance of a Prince of Wales, if he
existed..
Though the Duchy is in the
King's hand, the title of Duke is
treated for the time being like
those peerage dignities held+ by the
Sovereign„ which "merge" in the
Crowe. It has been suggested that
it might be used to provide Prin-
cess Elizabeth with a peerage in
her own right, or should be con-
ferred upon Prince Charles. Though
there are subtleties in the law re-
lating to the Duchy which maks it
dangerous to dogmatize, this course
seems legally impossible, even if
there were no other objections,
The charter of 1337 is still in
force, and keeps the dignity con-
tinuously) existing, though some-
times, as now, in a kind of abey-
ance peculiar to itself. It is gen-
erally held, therefore, that it is
not at the King's disposal to re -
grant to a person not within the
limitation of the charter. It is
true that when the first Duke died
in his father's lifetime, the Duchy
was granted to his son, who within)
the year ascended the throne ad
Richard) II. But in the Prince's
case of 1607 the Judges •held (per-
haps erroneously) that the char-
ter, being granted in Parliament,
had the force of statute, and on
that interpretation it limits the
royal prerogative.
Accordingly, when a similar situ-
ation to that of 1376 recurred on
the death of Frederick Prince of
Wales in 1751, his son,. the future
George III, was made Prince of
Wales and Earl of Chester, but not
Duke of Cornwall. Moreover, if
Princess Elizabeth were now made
Duchess of Cornwall, or her son,
Duke, there could be no words of
inheritance in the patent, the suc-
cession being already determined
by the charter.
Seen in the County Papers
Purchased the Yemen Grill
Last week Jim Lem, of Lucknow,
purchased and took immediate pos-
session of the Yemen Grill next to
the Wingham Curling Club, also
purchasing the building. This busi-
ness is now open and will be
known as the Wing Grill. Mr. and
Mrs. Yemen intend remaining in
town. if accommodation can be se-
cured, and he will carry on as
salesman for the British Knit
Wear.—Wingham Advance -Times,
Men's Choir To Present Carols
The men's choir under the direc-
tion of Mrs. Joan Skinner Gaffney,
will present a pre -Christmas carol
service in Trinity Anglican Church
on Sunday, Dec. 17, at 7 p.m. Now
comprised of between '27 and 30
n,rn, this group is coming along
well and has been diligently prac-
tising for this service at which
Cameron Geddes will be, guest solo-
ist.—Mitchell Advocate.
Hold Farewell Party
Friends and neighbors of Mr. and
Mrs. William Henry gathered at
their home recently when Mrs.
Sam Fear and Mrs. Walter Oster
were hostesses for a farewell party
in their honor in view of. 'their in-
tended departure from the com-
hunity. About 35 were present and
the evening was spent socially and
in playing euchre. Following lunch
Mr. and Mrs. Henry and Barbara
were the recipients of suitable
parting gifts. Mr. Simon Hallahan
read an address, while Marilyn and
Larry Fear and Lenora Ann Halla-
han presented Mr. and Mrs. Henry
with a motor rug and cushion, and
Barbara with a lamp. Mr. Henry
replied on behalf of his wife and
Barbara.—Blyth Standard.
New Rector Inducted At Bayfield
The induction of the Reverend
H. J. E. Webb into the parish of.
Trinity, Bayfield, St, James, Mid-
dleton, and St. John's Church, Var-
na, was held in Trinity Church on
Wednesday of last week and de-
spite the inclemency of the wea-
ther, there was a good attendance
for this impressive ceremony. Ven.
Archdeacon C. W. Foreman, Lon-
don, read the Bishop's mandate.
Others taking part in the service
were Rev. B. Farr, Goderich; Rev.
T. Dale Jones, Seaforth, and F/L.
C. L. Harding, Protestant Chaplain,
R,C.A.F., Clinton. Churchwardens
J. E. Hovey and Lloyd. Scotchmer,
Fayfield, and Alfred Hudie, Middle-
ton, presented the rector with the
church key.—Clinton News -Record.
To Sing An Radio Program
Miss Marjorie Hays will be in
Montreal on Christmas Eve to sing
on the "Montreal Singing Stars"
radio program. Miss Hays has
been studying with the Royal Con-
servatory Opera School in Toron-
to, from which she received a
scholarship this fall. The Opera
ScI'ool is presenting a two weeks'
opera festival early in February
and Miss Hays has been chosen
for the role of Cherubino in Moz-
art's "Marriage of Figaro." She is
also with the C.B.C. opera com-
pany. Miss Hays has been doing
considerable concert work, and is
to be guest soloist on the "Music
Night" program in Goderich on
Monday evening next under the
sponsorship of the BIne Water
1'and= Goderich Signal -Star.
BOXWORD PUZZLE
By Jimmy Rae
World Copyright Reserved
ACROSS
1—Not hollow
4—Volume, of maps
7—Second (abbr.)
8—Rule
10—Cuban dance
11—Fixed, regular
15—Slender finial
(Arch.)
16—b'a'se (prefix)
19—Woven receptacle
22—Silk substitute
28—Not shallow
25 -Sugar coating
25• --Pork's spike •
27—Higher
20-4rOney-gatherer
81—An expert
34 ---Adrift
37r--114lbgobiin
38 -Ideate
40 --acture mit
41—Belonging to a city
42—Capital of Norway
45—Ridiculous sham
46—Notch
49—See
52—Mimic
63 ---Midday leap
56—Elector
57—Not lax
58—By way of
69 --Churches (Scot.)
60'—Rove over
DOWN
1—Writer
2—S+welllhge
3 ---Cover with Cloth
4 ---Answered (abbr.)
5—Meadow
7.-4 V'eaoeitr
9- mien w ter
187-4rgany o4 'V6
13—Garden flower
14—Giver
17—.Mark of infamy
18Si gle things
20—Make entreaty
21—Hiilock
24—Joint of arm
28—Jail
29—Exclude
82—Unaccented
88—Union of three
35—Voluble
26—Planet's path
38 Separates
8'9—Weird
48—Suffer from hunger
44--Mus12a1 drama
47—At no tinie
48 ---Devoured
'60—Cereal grain
61—Tavern
4-41"ritin field
51i�-llniht'o title
Years Agorae
Interesting' Items Picked From
The Huron Expositor of Twen.
ty live and Fifty Yearo, Ago.
From The Huron E?cpositor
December 18, 1925
Mrs. H. Stott and Mr. Oliver
Goldthorpe, Bayfield, left last week
for Europe wihere they will spend
the winter in France, Italy, Bel-
gium and other places.
Mr. R. A. Brown, manager of the
Standard' Bank at Dublin,. has been
appointed manager of the bank at
Uxbridge. He will be succeeded by
Mr. P. F. Benn, of Pefferlaw, Ont.
A happy event occurred at the
final meeting of the Tuekersmith
Council on Tuesday • evening, when
the council presented Mr. Jas. V.
Ryan with a beautiful pipe and
leather case for the manner in
which he had performed his duties
as caretaker of the hall. On the
same evening McKillop Council al-
so presented Mr. Ryan with a box
of cigars and some choice tobacco
for the same courtesy, which he
had extended them in the Carnegie
Hall, where they (hold their meet-
ings.,
Mr. and Mrs, Hugh Chesney and
,Mr, and Mrs. R. McKenzie left on
Tuesday for Florida, where they
expect to spend several months.
•
A Smile Or Two
From The Huron Expositor
December 21, 1900
The bachelors' ball, held in Mil-
ler's Hall, Hensall, on Friday night
of last week, was a social event
that had been looked forward to
with much interest, and proved to
be an enjoyable one. The music
was supplied by the London Har-
pers.
Missy Ida Dick, Hensel', who has
been engaged as milliner at Dur-
ham, has purchased a business
there.
The annual meeting of the Sea -
forth Hockey Club was held Fri-
day evening, when officers were
elected as follows: President, H.
M. Jackson; vice-pres., T. J. Steph-
ens; sec., J. E. L. Pangman; treas.,
Hosie Thompson; committee, Wal-
ter Baker, Thos, Johnstone, H.
Cline, D. McLeod and H. Cobbert.
Mr. Robert Bell has had a new
stable erected on the foundry pro-
perty for the accommodation of
his horses.
Mr. R. McLeod, of Walton, has
purchased a new Massey -Harris
cutting box for the benefit of the
farmers of the community and will
run it in connection with the
threshing and grain grinding out-
fit.
VIM
"M'ml I'm a bit doubtful about
giving the job to_ a boy who's left
six jobs in twelve months, as you
have."
"Yeah, but don't forget sir — I
DFCEIVIRER 15, 1950
didn't leave sal of 'em Voluntae-
ily."
•
Preacher (at close o4 sermon to,
one of his deacons, half asleep) :
"We'll now have a few minutes of
prayer.' Deacon Brown, will you
open?"
Deacon Brown: "Open? I just
dealt." -
• . • .. • is an estate
targe enough to benefit from
Trust Company services?
• The size of an estate is not the determining factor as
far as Trust Company services are concerned.
• The important thing is whether Trust Company ad-
ministration will bring actual benefits to a wife and
children --or whoever the beneficiaries may be.
• Estates now being administered by The Canada
Trust Company range in size from small to very large.
• Regardless of the size of your estate—our Trust
Officers welcome the opportunity to discuss your
estate plans with you.
CAADATRUST
company
8i -cinches in 6 provinces
J. W. McLachlan, Trust Officer
Dundas at Clarence — London, Ont.
Capital $7 ,000,000
Reserve Fund 811.000,000
THE
DOMINION BANK
80th ANNUAL STATEMENT
31st October, 1950
ASSETS
Deposits with and notes of Bank of Canada
Notes of and cheques on other Banks
Other Cash and Deposits
Total Cash Assets
Dominion *cad Provincial Government Securities (not exceeding
market value)
Municipal and other Bonds and Stocks (not exceeding market value)
Call and Short Loans (fully secured)
Total Quick Assets
Commercial Leans and Discounts
Bank Premises
Liabilities of Customers under Letters of Credit and Acceptances
(as per contra)
Other Assets
$ 50,424,891.72
26,169,475.84
14,183,390.61
LIABILITIES
Deposits
Deposits by other Banks
Acceptances and Letters of Credit outstanding
Other Liabilities
Total Liabilities to the Public
Capital Paid Up.
Reserve Fund
Dividends declared and unpaid...
Balance of Profits as per Profit and Loss Account
$ 90,777,758.17
154,587,158.48
15,275,349.98
15,580,545.05
$276,220,811.68
t 75,443,05 3.67
6,878,758,24
12,208,385;44
336,473.97
$471,087,483.00
8425,872,353.21
13,648,058.25
12,208,385.44
529,973.03
$452,258,769.93
$ 7,000,000.00 '
11,000,000.00
317,329.41
511,38 3.66 18,828,713.07
PROFIT AND LOSS ACCOUNT
Profits for the year ended 3185 October, 1950, after making appropria-
tions to Contingency Reserves, out of which full provision for
bad and doubtful debts has been made
Depreciation on Bank Premises 8450,083.21
Provision for Dominion and Provincial Taxes 900,000.00
Net Profits
Dividends $700,000.00
Provision for Extra Distribution -20c per share, payable
15th December, 1950 140,000.00
Amount appropriated to write down Bank Premises
Amount carried forward
Balance of Profit and Loss Account, 31st October, 1949.
Transferred to Reserve Fund
Balance of Profit and Loss Account, 31st October, 1950
ROBERT RAE,
Presic eat
$471,087,483.00
$ 2,595,761.89
1,350,093.21
$ 1,245,67949
840,000.00
250,000.00
$ 155,678.68
1,355,704.98
$ 1,511,383.66
1,000,000.00
$ 511,383.66
A. C. ASHFORTIH,
General Manager
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ACROSS
1—Not hollow
4—Volume, of maps
7—Second (abbr.)
8—Rule
10—Cuban dance
11—Fixed, regular
15—Slender finial
(Arch.)
16—b'a'se (prefix)
19—Woven receptacle
22—Silk substitute
28—Not shallow
25 -Sugar coating
25• --Pork's spike •
27—Higher
20-4rOney-gatherer
81—An expert
34 ---Adrift
37r--114lbgobiin
38 -Ideate
40 --acture mit
41—Belonging to a city
42—Capital of Norway
45—Ridiculous sham
46—Notch
49—See
52—Mimic
63 ---Midday leap
56—Elector
57—Not lax
58—By way of
69 --Churches (Scot.)
60'—Rove over
DOWN
1—Writer
2—S+welllhge
3 ---Cover with Cloth
4 ---Answered (abbr.)
5—Meadow
7.-4 V'eaoeitr
9- mien w ter
187-4rgany o4 'V6
13—Garden flower
14—Giver
17—.Mark of infamy
18Si gle things
20—Make entreaty
21—Hiilock
24—Joint of arm
28—Jail
29—Exclude
82—Unaccented
88—Union of three
35—Voluble
26—Planet's path
38 Separates
8'9—Weird
48—Suffer from hunger
44--Mus12a1 drama
47—At no tinie
48 ---Devoured
'60—Cereal grain
61—Tavern
4-41"ritin field
51i�-llniht'o title
Years Agorae
Interesting' Items Picked From
The Huron Expositor of Twen.
ty live and Fifty Yearo, Ago.
From The Huron E?cpositor
December 18, 1925
Mrs. H. Stott and Mr. Oliver
Goldthorpe, Bayfield, left last week
for Europe wihere they will spend
the winter in France, Italy, Bel-
gium and other places.
Mr. R. A. Brown, manager of the
Standard' Bank at Dublin,. has been
appointed manager of the bank at
Uxbridge. He will be succeeded by
Mr. P. F. Benn, of Pefferlaw, Ont.
A happy event occurred at the
final meeting of the Tuekersmith
Council on Tuesday • evening, when
the council presented Mr. Jas. V.
Ryan with a beautiful pipe and
leather case for the manner in
which he had performed his duties
as caretaker of the hall. On the
same evening McKillop Council al-
so presented Mr. Ryan with a box
of cigars and some choice tobacco
for the same courtesy, which he
had extended them in the Carnegie
Hall, where they (hold their meet-
ings.,
Mr. and Mrs, Hugh Chesney and
,Mr, and Mrs. R. McKenzie left on
Tuesday for Florida, where they
expect to spend several months.
•
A Smile Or Two
From The Huron Expositor
December 21, 1900
The bachelors' ball, held in Mil-
ler's Hall, Hensall, on Friday night
of last week, was a social event
that had been looked forward to
with much interest, and proved to
be an enjoyable one. The music
was supplied by the London Har-
pers.
Missy Ida Dick, Hensel', who has
been engaged as milliner at Dur-
ham, has purchased a business
there.
The annual meeting of the Sea -
forth Hockey Club was held Fri-
day evening, when officers were
elected as follows: President, H.
M. Jackson; vice-pres., T. J. Steph-
ens; sec., J. E. L. Pangman; treas.,
Hosie Thompson; committee, Wal-
ter Baker, Thos, Johnstone, H.
Cline, D. McLeod and H. Cobbert.
Mr. Robert Bell has had a new
stable erected on the foundry pro-
perty for the accommodation of
his horses.
Mr. R. McLeod, of Walton, has
purchased a new Massey -Harris
cutting box for the benefit of the
farmers of the community and will
run it in connection with the
threshing and grain grinding out-
fit.
VIM
"M'ml I'm a bit doubtful about
giving the job to_ a boy who's left
six jobs in twelve months, as you
have."
"Yeah, but don't forget sir — I
DFCEIVIRER 15, 1950
didn't leave sal of 'em Voluntae-
ily."
•
Preacher (at close o4 sermon to,
one of his deacons, half asleep) :
"We'll now have a few minutes of
prayer.' Deacon Brown, will you
open?"
Deacon Brown: "Open? I just
dealt." -
• . • .. • is an estate
targe enough to benefit from
Trust Company services?
• The size of an estate is not the determining factor as
far as Trust Company services are concerned.
• The important thing is whether Trust Company ad-
ministration will bring actual benefits to a wife and
children --or whoever the beneficiaries may be.
• Estates now being administered by The Canada
Trust Company range in size from small to very large.
• Regardless of the size of your estate—our Trust
Officers welcome the opportunity to discuss your
estate plans with you.
CAADATRUST
company
8i -cinches in 6 provinces
J. W. McLachlan, Trust Officer
Dundas at Clarence — London, Ont.
Capital $7 ,000,000
Reserve Fund 811.000,000
THE
DOMINION BANK
80th ANNUAL STATEMENT
31st October, 1950
ASSETS
Deposits with and notes of Bank of Canada
Notes of and cheques on other Banks
Other Cash and Deposits
Total Cash Assets
Dominion *cad Provincial Government Securities (not exceeding
market value)
Municipal and other Bonds and Stocks (not exceeding market value)
Call and Short Loans (fully secured)
Total Quick Assets
Commercial Leans and Discounts
Bank Premises
Liabilities of Customers under Letters of Credit and Acceptances
(as per contra)
Other Assets
$ 50,424,891.72
26,169,475.84
14,183,390.61
LIABILITIES
Deposits
Deposits by other Banks
Acceptances and Letters of Credit outstanding
Other Liabilities
Total Liabilities to the Public
Capital Paid Up.
Reserve Fund
Dividends declared and unpaid...
Balance of Profits as per Profit and Loss Account
$ 90,777,758.17
154,587,158.48
15,275,349.98
15,580,545.05
$276,220,811.68
t 75,443,05 3.67
6,878,758,24
12,208,385;44
336,473.97
$471,087,483.00
8425,872,353.21
13,648,058.25
12,208,385.44
529,973.03
$452,258,769.93
$ 7,000,000.00 '
11,000,000.00
317,329.41
511,38 3.66 18,828,713.07
PROFIT AND LOSS ACCOUNT
Profits for the year ended 3185 October, 1950, after making appropria-
tions to Contingency Reserves, out of which full provision for
bad and doubtful debts has been made
Depreciation on Bank Premises 8450,083.21
Provision for Dominion and Provincial Taxes 900,000.00
Net Profits
Dividends $700,000.00
Provision for Extra Distribution -20c per share, payable
15th December, 1950 140,000.00
Amount appropriated to write down Bank Premises
Amount carried forward
Balance of Profit and Loss Account, 31st October, 1949.
Transferred to Reserve Fund
Balance of Profit and Loss Account, 31st October, 1950
ROBERT RAE,
Presic eat
$471,087,483.00
$ 2,595,761.89
1,350,093.21
$ 1,245,67949
840,000.00
250,000.00
$ 155,678.68
1,355,704.98
$ 1,511,383.66
1,000,000.00
$ 511,383.66
A. C. ASHFORTIH,
General Manager
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