The Exeter Times-Advocate, 1948-12-02, Page 10*Page 10
emphasized
'paper
more people would send in their
news
farm
more fully: local
could be Improved if
THE; TIMES-ADVOCATE, EXETER, ONTARIO, THURSDAY MORNING, DECEMBER 2, 1948
WROTE
THIS BILLION-DOLLAR STORY
Unique Farm Forum
The Vnltjue Farm Forum met
at the home of Mr. ana Mrs.
Leonard Merner, Zurich, with
Mr. W. IL Edighoffer leading
the discussion on “I see by the
paper”. There were forty mem
in attendance. The discus- ’ the privately owned papers; the
went us follows: Daily pa- daily paper
emphasizes the market it-.
of news and educational the
local paper is doing
the publication
and co-operative
hers
sion
per
ems
items; local paper is doing a
good job; the publication of
farm and co-operative organisa
tions serve us very well as do
could ho improved
in the following ways by having
criminal and things that
tend to lower the moral stand
ing could be less elaborately
printed and those that tend, to
uplift moral .standing could be
items; the publications of
and co-operative organiza
tion serves us well as do the
privately owned papers. The
next meeting will be held at the
home of Mr. and Mrs. Cliff
Pepper with Bruce Klopp lead
ing the discussion on 'T hear
by the radio”, Guests for the
evening were Rev. Heimerich,
Mr. Albert Kalbflelsch and Mr.
Leroy O’Brien gave the group a
few words of interest. The
meeting closed with the hostess
serving a delicious lunch.
I
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HERO ROLE WAS PLAYED by Stuart Peacock, Tobermory,
Ont,, guide, shown with wife and son, Bruce, when he risked
his life in pounding seas for forty-eight hours to rescue fif
teen men and one woman which made up the crew of the
tug Patricia McQueen. The tug had foundered in a .storm
off Manitouliu Island. — Central Press Canadian
CENTRALIA
and Mrs. Andrew' Hicks
week after
in Toronto
the Royal
Mr,
returned home last
spending a few days
where they attended
Winter Fair.
Mr. and Mrs. John
and Mrs. Herr, of Hensall. called (
on Mr. and Mrs. Ray Lamrnie •
on Wednesday evening- of last {
week. I
Mr. and Mrs. Truman Mills !
and David, of Sarnia, were visi- ■
tors with Mrs. H. Mills on Fri
day of last week.
Miss Wilda Pollock, R.N., of
Kitchener, was a week-end guest
with Mr. and Mrs. Lome Hicks.
Mrs. R. J. Smith attended the
funeral of her uncle, the late
Mr. R. Francis, at Kirkton on
Saturday.
Sunday evening visitors with
Mr. and Mrs. Ray Lamrnie were
Mr. and Mrs. George 'Dunn and
Mervyn, of Hensall, Mrs. Iva
Dunn of Exeter, and Mr. and
Mrs. Chester Dunn of Stephen.
Mr. and Mrs. Stobb, who have
been residing here for the past
few months, are leaving this
week for England,
Mr. Gerald Godbolt underwent
an operation for the removal of
his tonsils in London on’ Mon
day of this week. His many
friends wish him a speedy re
covery.
Miss Margaret Cook of Water
loo spent, the
parents. Mr.
Cook.
The public , , _
ed a few new books including
the American Standard Encyc
lopedia, all of John Buchan's
and several pf H. G. Wells’ out
lines of history. This is a com
munity effort. Come in and see
us.
There was a good attendance
at the W.M.S. t'hankoffering ser
vice in the church on Sunday
morning. Rev, G. Cowper-Smith,
of London, as .guest speaker, de
livered a very interesting and
helpful address on the Amster
dam Conference where delegates
from all over the world met in
a great assembly to proclaim
Christ as lord and master of us
all. The choir, under the leader
ship, of Mrs. G. F. Penwarden,
provided special music.
R. Stewart
Solemnized in Seaforth
The marriage
Kegele and Mr.
was solemnized
Church manse,
Monday with
officiating.
The bride wore a
dress with matching
i and corsage of pink
of Mrs. Doris
Wilson Allen
at the United
Seaforth,
Rev.
on
Workman
f
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f
week-end with her
and Mrs. B. D.
library has .acquir-
.Across the nation — in cities, towns and
villages — the B of M has kept your money, and the money of
1,700,000 other customers, hard at work in 1948 . . .
helping Canadians in every walk of life to make a better
future for themselves and for Canada.
Here is the money that makes the wheels of commerce
that provides thousands of business
enterprises — from the largest corporation
to the smallest one-man show — with the
credit they need to carry on from day to day.
To citizens' on salaries... to farmers with seasonal
incomes... to merchants, manufacturers, business-;
men in every worthwhile line of endeavour
... to municipalities, school boards and
governments ... to churches,
hospitals and all types of
!
I
grey crepe
accessories
carnations
Mr. and Mrs. Clarence Reid,
of Hensall attended the bride
and groom. ‘
A receptoin was held for
ty guests
and Mrs.
bride and
Hensall.
Bride-elect
A very
spent at the home of Miss Edna
Walsh on Monday evening when
fifty friends and neighbours ga
thered in honour of Miss Doris
Buchanan, bride-elect. Misses
Audrey Walsh and Marlene Pet-
skzi favoured with vocal duets.
Contests were enjoyed and a so
cial hour spent, during which
the bride was presented with
many beautiful and useful gifts
in a prettily decorated basket by
little Joyce and June Munn. Miss
Dorothy McNaughton read the
following address:
Hensall, Ont.,
Nov. 29, 1948
thir-
Mr.
The
at the home of
Reid, Hensail.
groom will reside in
Honoured
enjoyable time was
Dear Doris:
Knowing that a very happy
event is to take place in your
life, we have met here to ex
tend hearty congratulations
and best wishes and trust
the years that lie ahead
hold for you much joy and
piness.
May your troubles be
your joys many, and your
of matrimony have smooth
ing all the way.
We ask you to accept thesj^
gifts as tokens of our friend
ship.
that
will
hap-
few,
ship
sail-
Signed on behalf of
your friends and neighbours
The bride expressed sincere
thanks after which refreshments '
were served. I
WANT ADS DO MORE WHEN
YOU TELL MORE. PHONE 31W
turn.
public institutions... hundreds of millions of dollars are being
loaned by BofM managers at more than 500 branches from
the Atlantic to the Pacific.
That’s a glimpse of the 1948 worksheet for your
savings ... the sum of your contribution to Canada’s
progress added to that of 1,700,000 other Canadians in
the B of M family.
B of M depositors’ savings — your
savings — thus play a vital part in
maintaining our high Canadian standard
of living and in making Canada the third greatest
trading nation of the world.
Yes, by saving at the BofM today,
you are helping to build the greater
Canada of tomorrow, while
securing your own future.
4
f
$ 211,721,990.06
114,887,350.99
CASH: The B of M has cash in its vaults and money g3
on deposit with the Bank of Canada amounting to
MONEY in the form of notes of, cheques on, and
deposits with other banks............................................
WHAT THE B of M HAS TO MEET ITS OBLIGATIONS:
f
ft
1,003,513,939.08
WHAT THE B 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 2
of the money on deposit with the Bank is the savings
of well over a million "private citizens. The total of %
all deposits is...........................................................
SANK NOTES: BofM bills in circulation, which are
payable on presentation, amount to ... .
$1,877,011,226.85
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. 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,
stocks, representing In large measure assistance to
industry for plant development in the post-war
period. These investments are carried at . . .
4,244,517.00 ¥
4OTHER LIABILITIES: Miscellaneous items, represent- •■•Lib
ing mainly commitments undertaken by the Bank
on behalf of customers in their foreign and domestic
trade transactions....................................................
TOTAL OF WHAT THE BofM OWES ITS DEPOSITORS
AND OTHERS.................................................................................w
TO PAY ALL IT OWES, THE BofM 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
/ _________________________
This figure of $82,939,240.64 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.
* * *
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 30th, 1948, of .
Provision for Dominion Income and Excess Profits
Provincial Taxes ......
Leaving Net Earnings of ... ,
This amount was distributed as follows:
Dividends to Shareholders ....
Balance to Profit and Loss Account .
27,185,663.58
$1,908,441,407.43129,037,998.89
1,991,380,648.07 €31,177,918.004 *
<#•
$1,490,339,1^7.02
8,439,669.54456,266,244.22
Taxes and
2,980,000.00
♦
15,3915604.71 s
I
{AND HOW
THEY WERE
DIVIDED
C4LL LOANS: The B of M has call loans which are
fully protected by quickly saleable securities. These
loans amount to .
TOTAL RESOURCES WHICH TflE BofM HAS TO MEET
ITS OBLIGATIONS .
BANK BUILDINGS: In hamlets, villages, towns and
large cities from coast to coast the BofM serves
its customers at more than 500 offices.The value of
the bujldings 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 .. Y ...... .
• 0
$ 3,600,000.00
1,859,669.54
INVESTMENT
z *
B of M EARNINGS ON THE SHAREHOLDERS’
I
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On each dollar of the shareholders* money invested in the
'Bank of Montreal, the Bank earned 10.17 cents in 1948.
To TAXES ...............................................3.59 cents
To SHAREHOLDERS .... 4.34 Cents
To SURPLUS . . . 2.24 cents
Now is the time, to choose your Christmas Cards
while the selection is at its best.
Once again, we have a fine display of Coutts’
famous cards. You’ll have no difficulty in choosing
your way of saying Merry Chistmas to your friends.
Cards Personalized at a Moderate 'Charge
Order Your
Christmas Cards Now
QUICKLY AVAILABLE RESOURCES: The resources listed above,
all of which can quickly be turned into cash, cover 78.09% 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, fisher
men, lumbermen and ranchers — to citizens in all
walks of life, and to Provincial and Municipal
Governments and School Districts. These loans now
amount to ......... .
29,383,602.12