The Lucknow Sentinel, 1962-12-12, Page 109V
PACT TEN'
THE LIICKNOW' SEN. .L� LUCIKNOW, ONTARIO
WEPNESDAY, DEC
1982.
On Whole Been
Year Of Progress•
In today's fast-changiz g: world,
Canadians must meet new chal-
lenges with . new receptivity :to
sew ideas, according to the pre-
, sident of the Bank of .. ontreal,
G. Arnold Hart. -
Mr. Hart told the bank's 145th
annual meeting that the period
• of tough' trade-bargainingahead
will offer new opportunities in
terms of broader markets, "And
in, the' vigorous pursuit of ap-
portunities which . new and' grow-
ing markets will ,provide, ides
the great chalenge ,to • Canadian
adaptability," he added. : •
-`Shareholders also heard R D.
Mutlho land,; vice-president ,and
geneyear's manager,
busrto October 31st„
with : assets passing $4 *billion &
loans, pasping $2.billion, booth.
for the first time at, a year-end.
l+t was a year of intense con-
petition • for deposits among all•.
financial institutions,. he ' said,
with the Chartered -banks operat-
ing under .conditions of mone-
tary restraint for. a large . part.
of the e time. . '
Mr. Hart said that •although.
there were weak spots and de-
spite the mid -year ' foreign-ex-
change crisis, "in general, tihe
*level of economic activity in
Canada. bpi been high and ris-
ing,".
ising, ,. so . that, : , "on the . 'whole,
i ins has been .a year of progress
and ,it now Seems certain 'that:
FOR LIFE
TILE BEAVER is woof the mod industrious of animals.
M lois with Taring cue ow the construction of a home brigs fsm..
Beavers =lib( life, and their homes
srs bait with an eye to permanent ma
a Mao binds or buys a hone he, .too: likes'to
1M1 ad it a pennant. RIF it is at Mine that the family develops roots
and friendships. Safeguarding the -home for the family is but one
of Sao Life's many services for the security and protection
of PwsSK aad those you lova Let me tell you about these :scilicet,
m J Kinahan
S.R. !, LUCENOW -ramie : Wmgham 717--w-4
$UR LIFE ASSURANCE COMPANY OF CANADA f7A+A1a
G. ARNOLDHART,
total output in ' 1962 will reach
a record. ..high:" . •
�
Speaking out in favour of, a
stable exchange rate' "in the
interests , • of orderly business
conditions," Mr',. Hart said an at-
mosphere ' •"conductive to an
inflow of ' capital from abroad"
;has . now , been re-established.
Bdwever, while Canada is thus
financing its, current • initerzta-
tional deficit, "what we have not
succeeded • in doing as; yet is to
eliminate or even to reduce
materially the deficit itself"
Mr., Mulholland reported' B of
M assets of $4,015 million, loans
of • $2,269 Million and deposits'
of $3,713 .million..Personal .' sav-
ings., ncreased by . $85 million &
.there, were 100,000 more 'savings
accounts 1 han • a 'year. earlier. Net
earnings were $16,103,512, attri-
butable in part .:to- "a more ex
tensive use of our •miscellaneous
services.".. .
. "Our policy instructions to our
managers in: these ' matters have
constantly: directed them ,to see
said.:
Teeswater VVipedthat special attention is given to
the legitimate needsof 'the au
borrower'Mr. Vulhblandait Old' Council
..,
MONUN.QITS
For sound, counsel and a
correctly designed, from quality material, rely on.
fair price on, a. monument
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Waikertoz
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Established Over Sixty Years
Phone 638-W
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keynoting
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Tcrtonto king Alla. Gardens.
Close to finest shopping and
entertainment centers, major
hospitols and subway.
Beautifully appointecl. rooms
and suites. Dining Room.
Television. Children. FREE.
Moderately $6.50 Single
Priced from •: Occuponcr
1:8.50 Dle
ski
'Occupancy
Frederick Funnell,Gen. Mgr.
CENTRALLY LOCATED` AT Telephonic 3684823
306 .fowls St.
v
-4.. -•r --� -�
Your
TOYLAND IS OPEN
AT CREST HARDWARE
We have 'a ' large 'selection on display to suit every
memberof your family , from the infanta up.
Sporting Equipment
Our sporting . equipment will appeal to the . hockey min-
ded member of your family, and for' the younger
members —. Ftoboggans, stns, and sleighs will catchy ..
•
their ,eye.
c.
Crest .Is Your Shopping Centre
•
For All Christmas Gifts..
BEST PRICES j LARGE SELECTION
Drop In while the choice is at its best. Christmas is
just around . the corners q, .
Webster-& MacKinnon
YOUR LOCAL" CREST HARDWARE
Phone 50 ucknow
r--
,
ro
In Sewage - Protest
Teeswaterelectors demronstrat-
t edlast week ..how aroused. they
had • become over action to have
a sewage . disposal system foisted
upon,that they .swept out the
reeve , and council and. elected
an. entire . new board . comprised
Of. Reeve Frank Field' and Coun-
cillors George Bannerman, ' Gor-
don
orrdonsChurch; Borden .Litt. `' and
it Thomas, McAfee.
As weunderstand it, the ques-
tion• which had split . the. • harm-
ony Of the Culross 'villages ',had
its beginning when the Ontario
Water • Resources • Commission
decided a lagoon type sewage
disposal system was necessary
lh•Teeswater to clean up "pol-
lution." .
Plans were being . worked out
with Teeswater. Council for . the
undertaking.' The ' Commission's
policy. is to. hold "public hear-
ings" in 'such 'matters and 'does
not • approve a vote of the rate-
payers, although the opposition.:
reached , the point last fall, .at • the
time of the Huron -Bruce byelec-
tion, when Teeswater was 'told'.
they, could hold a vote. •
• Prior, to this aCitizens Com-
mitttee had been formed, sever-
al' very sharp letters appeared
in the reeswater News, and the
climax' came when the electors
held a meeting . to set up' a slate
ng., •
at
of candidates to be named
the' nomination meets
Referring, to this meeting The
Teeswater News .,said in part.
"The meeting was chaired by
Clerk A. H: 11IfcTavish, and in the
period of speech -making follow-
ing '. the nominations, / things
threatened .to get out of , hand,
with heckling • and interference
from the . floor reaching ".disgust-
ing proportions. In "this report
Nore' feel-that-1t.e•-4ess._.said.. about,:.
the whole thing. the better, as
the electors will have an, oppor-
tunity to decide the issue`+at the.
polls on Monday, December 3rd.1
The' result was 'that the "old"
council was • swept from office.
On election day fuel was add-
ed to• the fire when voters found
that the .ballots 'were numbered.
•
1
2
b
4
1
Y
3
2.
4
Press' and radio reports ..referred
to this as' a printer's. mistake,
but, this was indignantly 'denied
by Albert J. Worrall, publisher
of The `News.. , He. said ' he was
instructed to print 'the numbers
on the ,ballot by Clerk. Andrew
McTavish, the returning officer,
according' to a report' 'in the Kit-
chener Record.
In Theo News, •Mr. Worrall re-
ported the incident in •this , way:
"An unfortunate: circumstance •
was thefact- that. ballots 'were.
numbered,' • and *hen voters
heard of this. there. was consid-
erable
indignation.. 'About mid
afternoon ,feelings • ran 'so high.
.that' returning: officers. adopted.
the policyy of snipping offs ,the
numbers, before • ;ballots were
handed to troters. • When, batllot
boxes were opened for counting
the numbered ends of those re-.
maining complete were snipped
Off before being .unfolded. There
are conflicting storm `as to this
numbering; but ' the News` would
like the .public to • know •that it
was done on instruction from the
Returning "Officer, and the prin-
ter must foliowsuch instruc-
tions." '
ON SAVINGS
Interest fronh date--
of
ate- of deposit
Checking Privileges
Deposits by Mail
Hours --9 to 5 -
Fridays -9 to 9
Saturdays -4 to
GUARANTY
T-i:US:T. _
CANADA'S LARGEST,
' INDEPENDENT TRUST COMPANY
261-40thStreet, «t{�
tiO0 JiEn
POoNE 1580