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Clinton News-Record, 1959-12-03, Page 11D MARTIN'S 2nd FLOOR Lay-A-Way Plan VISIT Y WHAT 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 and other banks amounting to CHEQUES and other items in transit representing the net amount of the moneys moving between branches of the Bank and into the B of M from other banks on account of customers' trans- actions INVESTMENTS: The B of M maintains a strong liquid position through investments in high-grade government bonds which have a ready market Listed on the Bank's books at amortized value, they amount to The B of M has other investments — including a diversified list of high-quality short-term issues. These investments are carried at . . . 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 cover 51.6% 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 enter- prises for production of every kind — to farmers, fishermen, oilmen, miters, lumbermen and ranchers — to citizens in all walks of life, and to Provincial and Municipal Governments and School Districts. These loans amount to . . MORTGAGES and hypothecs insured under the National Housing Act, 1954 representing ad- vances to homebuilders BANK BUILbleIGS: in hamlets, villages, towns and large cities front coast to coast the 13 of M serves its customers at 800 offiees. The value of the buildings owned by the Dank, together with fur- niture and equipment, is shown on its books' at OTHER ASSETS: Theta chiefly represent liabilities of customers for commitments made by the Bank on their behalf, covering foteign and domestic trade transactiont . .. . ... TOTAL RESOURCES WHICH THE B of M HAS TO MEET ITS OBLIGATIONS e 4 4 . . .6 et WHAT THE B of M OWES TO OTHERS: DEPOSITS: While many business firms, manufac- turers, merchants, farmers and people in every type of business have substantial deposits with the B of lee well over half of the money on deposit with the Bank is the personal savings of more than two million private citizens. The total of all deposits is . . . • )THER LIABILITIES: Miscellaneous items, represent- ing mainly commitments undertaken by the Bank on behalf of customers in their foreign and domestic trade transactions $2,998,208,008 60,134,833 TOTAL OF WHAT THE B of M OWES ITS DEPOSITORS AND OTHERS . . . . $3,058,342,841 TO PAY ALL IT OWES, THE B of M HAS TOTAL RESOURCES, AS SHOWN ON THE LEFT SIDE OF THIS STATEMENT, AMOUNT- ING TO 3,259,693,572 WHICH MEANS THAT THE B of M HAS RESOURCES, OVER AND ABOVE WHAT IT OWES, AMOUNTING TO This figure of $201,350,731 is made up of money subscribed by the shareholders and, to some extent, of earnings 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. BANK OF MONTREAL eve4oWei ?Oa 60,414 Clinton Braxich: WILLIAM MORLOIC, Manager Londeshorough (Sob.Agency): Open Mon. & Thurs. WORKTRO YAM CARPI*** II *IMO /MK OF LIFE SINCE 1817 $ 201,350,731 4.. To The Electors, STANLEY TOWNSHIP: I would appreciate your support in the election Monday, December 7. Seven years experience as councillor and eight years before that as school trustee should be of great benefit to help me to fulfill my duties as your Deputy- Reeve in 1960. — Alvin Rau 4$-b ELECTORS, TOWNSHIP OF STANLEY I am offering my serv- ices as Reeve for 1960, after serving ten years as councillor and two years as Deputy-Reeve, Since it will be impos- sible to call on everyone, I solicit your vote and in- fluence on December 7. If you elect me I will serve to the best of my ability. -- J. Harvey Taylor FOR TRANSPORTATION—CALL HU 2-9968 To The Electors Of STANLEY TOWNSHIP: I wish to thank the ratepayers for your sup- port in the past. I am ag- ain a candidate for the position of Reeve and ask for your support and in- fluence. If successful will continue to work for the best interests of the ratepayers of the Town- ship of Stanley, 48-b — Harvey Coleman 4. S To The Electors, STANLEY TOWNSHIP: I would sincerely appreciate your support and influence at the polls on Monday, December 7. My four years in council and six years as school trustee should enable me to serve you well as Deputy- Reeve in 1960 — Jack Scotchmer NOTICE TO THE ELECTORS OF THE MUNICIPALITY OF THE TOWNSHIP OF STANLEY AN ELECTION To Fill the Positions of Reeve and Deputy Reeve, and for Three Trustees for the Stctnley Township School Area Board for a Two-Year Term, will be held on MONDAY, DECEMBER 7, 1959 at the following places, and by the following named persons: Polling Sub-Division No. 1—SS 1—Lawrence Falconer, DRO Polling Sub-Division No. 2—SS 10—Jack Aikenhead, DRO Polling Sub-Division No. 3—SS 14—Nelson Hood, DRO Polling Sub-Division No. 4--Township Hall, Varna Lloyd Johnston, DRO Polling Sub-Division No. 5—SS 5, Goshen— William Armstrong, DRO Polling Sub-Division No. 6—SS 4W—Leonard Talbot, DRO Polling Sub-Division No. 1----Mrs, Denomme's Store., Drysdale—Philip Durand, DRO Palling Sub-Division NO, 8—Town Halt, Harald Brandon, DRO POLLS OPEN FROM 9.00 A.M. TO 5.00 P.M. Dated at Varna, this 30th doy bf Nov., 1955'. JEAN ELLIOTTe Returning Officer guAsPAY, P.4czmna. 1959 CLINTON Nms-ncolo) PAGE ELEMEZT tanley Township to Polls Monday elect 2 Reeves, 3 School Trustees Though eouneinore in Stanley ownship received an acclamation • ', %re %.1.4i,j4 • lest Friday afternoon, there will be an election involving the posi- tions of reeve and deputy reeve. Deputy Reeve Harvey Taylor is challenging Reeve Harvey Cole- man for that position, and two councillors Alvin Rau and Jack Scotchmer are vieing for the dep- uty reeve post, Councillors will be Ernest Tal- bot and two new men, Melvin. Graham and Elmer 1-layter, Lyle Hill, who made the motion nominating Harvey Taylor for reeve noted that after 12 years of service, Mr. Taylor was worthy of the highest position in the township. Mr. Hill said he was well satisfied with the job the council had done in the township in the past, but felt that when they got up to Goderich, they did not do so good a job—became a bit starry-eyed with regard to sp- ending money. "I don't agree with the idea of the airport. How many Reeve Coleman spoke first, mentioning the death of Mr. Hay- ter, the warble fly inspector, and Councillor Talbot's mother; also the resignation of Clerk Pred Watson after 27 years in service of the township. He said that Aldie Mustard (chairman, of the nomination day meeting) was the first choice as clerk, but he had decided he did not have time for "the job. Mrs. Harold Elliott had been the second choice. Commenting on the work of the roads committee, Mr. Cole- man noted that it was the first time there had been five men, and he believed the increase was a good idea. He said the county had paid $600 to him to make the trip to the Good Roads Conven- tion in Vancouver, and he was given privilege of travelling any way he wished. Two members of the committee went, He said that a development road (:such as the one from Blyth to Highway 21) was built by the Ptrovinee, and then was to be meintained by the county. Cost of road buildinc. he said, was $20,- 000 ner mile. He said cost of re- tile-faring road from Varna to Beyfiele had been $25,000. He renorted generally upon the road Work in the county, and the fact that insurance in the county from now on would be bandied by a Woodstock firm—with eommis- sions returned to agents in Huron County as the council decides. Since the Court House deben- tures will be paid off this year— special ceremony December 1 to mark this—the proposed addition to the county home would not in- crease the mill rate, Lyle Hill asked` why: a $17,000 elevator was needed in a one- story building. Mr. Coleman said he was not prepared to answer that. Mr, Coleman said the airport had been bought before any mem- ber of the present county council was there, and that to get con- trol of it the county would have to buy it, and then be able to dis- pose of it. "Travel by air," said Mr. Coleman, "is the coming thing. Whether the county should be in the airport business is an- other thing." Noting that part of the road at Hayfield was returned to Stanley Township in bad shape, he said it had been resurfaced by the pro- vince without cost to them when the province was finishing High- way 21, He told of travelling to Ottawa with E. A. Featherston, Bayfielel, and Elston Cardiff, to get action on the,erosion of the bank at Hayfield bridge. Possible cost was $100.000 and much too expensive for the village. Tenders have been called for the job of spiline it, and getting the harbour dredged. He appealed to his hearers for election, "I've been reeve for five years, To ever get in line for war- 'len you have to be on for five or six years, Mr. Watson ran first when he was in his fifth year, and then became warden on his second try on his seventh year as reeve." Deputy Reeve Harvey Taylor 'spoke favourably of the oppor- tunity to go to county council in that position. "There was nothing hidden at county council this year. We had a real good warden and he's nut a lot of work into the planning for the county home. It will cost a lot of money, but hos- pitals are full, and many could be moved to the county home if $ 302,015,952 197,816,881 680,591,333 20$,646,327 192,284,785 'there were more room there," He told, of the work in the his- toric committee, and the excellent work of curator Mr. Neill at the =seem. He told of the history being written by James Scott, Seaforth, for which tenders will be let in December, Five differ- ent publishing companies are in- terested, Mr. Taylor complimented the new assistant clerk, Billy Manly from Stanley Township, who had charge of the office in Goderich while John. Berry, Clerk, was at the West Coast this summer. He noted a profit of $2,800 at the County Farm, and the value of the opportunity there for the Soil and Crop Improvement As- sociation to have test plots for experimental purposes, Mr. Taylor spoke of road work in the township, noting that snow- plowing used up a lot of the bud- get. They laid off two men in the summer because money was short, He complimented the grader oper- ator on his wonderful job, and noted that Bill Taylor. the road superintendent had driven the truck. He said he would very much appreciate the suPport of the voters—he would like a year or two at the head of the council table. He had seven years on school board before coming into council 12 years ago, Jack Scotchmer reviewed work on roads in 1959, noting that the Peck bridge on Concession 2 had cost $6.015 for construction, end $2,938 for cement and steel, with a total cost of $10,000 including backfill. The grants from the pro- vincial government covered 80 percent of this cost. and Mr. Seotehmer said he felt it was wise to take advantage of it. He mentioned putting 8.200 Yards of gravel on the township roads this summer. cutting down the banks of the 16th hill, on the Bronson line, Alvin Rau said there had been 21 meetings recorded in the min- ute book for councillors this year, plus eight or ten to look after general "running around" to look after township affairs. He said the assessment roll was $2,- 434.280 and rising every year, The tax roll Was $116,918, and though population was down a little to 1,628, the per capita erant of $3.50 each had brought in $5.931. Drain work had included. the Stanley Big Drain, the Johnson- Dawson drain and the tap to the Rathwell drain, He felt the en- gineer's fees were terrific, and they might have to change engin- eers--or "waken him up iine- how2P, Mr, Scotchmer told of the Tile Drainage Act which had been. un- dertaken in the township this year, After final approval from the Ontario. Municipal Board, they would be able to loan up to $100,000 for drainage work in the township. Applicants can borrow up to 75 percent of the cost of the drain and pay it off in ten years at four percent. He said that though it appeared the township was in the red, when the one-third grant on ditches comes from the provincial govern- ment, then they would be in the Week. Ernest Talbot was introduced as the "old man" on council for 1960. He told of brush and weed spraying, costing $1.484, which had made quite a difference to the roadsides, no longer harbour- ing weeds. There were 9,742 head of cattle sprayed in 1959, Plans to raise the township hall. put in better heating and modern conveniences had to be put aside because of lack of money. Also the lake frontage had been grad- ually slipping away. Township councillors had talked the matte" over, but had not vet been able to find money to buy any land' which could be put aside for fu- ture generations to use. Elmer Hayter spoke briefly, saying he would have been here pier to get on council by election. Melvin Graham scolded the ratepayers a little. "We were not left in the dark about the need for councillors," he said, "The reeves let us know early what their intentions were, and we knew what was happening for the deputy reeve spot. There should have been more people interested in jobs on council." He told of be- ing approached. for school board first had not wanted the 101). and scent all morning of Novem- ber 27 eating someone to art there. Then art the hail in, the afternoon he had been nominated for council. He was not very bon- ny about the situation in which he had been nut. T. B. Baird. seeretary-treaser- er of the township school area board gave financial report fee the even, Transportation is cost- ing :030 net- month. He compared the $20.000 noqt per mile of road with the $20.000 cost per year of operating the schools within th" area. Menno Steckle 'gave the finan- cial statement of the .Clinton erict Collegiate Institute Board. The cost of the footing wail will ,be $3,000 more than estimatedi because the soil tests showed they must be four feet instead of two feet, Also the town drain was (continued on page 14) I 111‘11 0 2 MILLION CANADIAN $1,578,355,278 1,353,187,079 227,153,276 47,009,972 53,987,967 $4,59,693:572 FOR THE YEAR ENDED OCTOBER 31st, 1959 NE FACTS BEHIND IVIE FIGUREs