The Wingham Advance Times, 1932-02-04, Page 5Thursday, February .4, 1932
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NAME...:_..__-._..-._:_....----_-.....,.........:..:.., :1
COUNTY COUNCIL
(Continued from page One)
35 and a balance of $171.70.
R. H. Thompson tendered his re-
signation as a member of the road
commission. Reeve McKibbon mov-
ed that a letter of appreciation of his
services be forwarded to Mr. Thomp-
son.
Striking Committee
The following were appointed as a
striking committee: Reeves McKib-
bon, Goldthorpe, Bowman, 'Ballan-
tyne and Wright.
On motion of :Reeves Campbell
and Bowman, George Elliott was ap-
point
-
p
point to the Good Roads. Commission
fol three years, and Mr. Gamble to
complete the term of Mr. Thompson,
W. j. Henderson, ex -Reeve of
Morris, was appointed to the Wing -
ham high School Board.. A. J.
Gold-
pe was a J
1 ppoiitted to the Criminal
Audit Board for 1932.
A motion of Reeves Craigie, God
erich, and McKibbon of Winghaun
to grant $1,000 to the Goderich, Clin
ton, Wingham and Scott Memoria
Seaforth lIospitals was referred to
the Executive Committee.
A motion of Reeves McKenzie and
Matheson that the usual grants be
given to school fairs of the county
was referred to Executive Commit-
tee. The same committee will also
deal with the granting of $25 to i'ufi-
lic Library Boards; also to the Hen -
salt Seed and Stock Show; Huron
Plowmen's Association and the, Clin-
ton Spring Horse Show.
A motion asked that grants to ag-
ricultural associations be given pro-
iriding they allow no midway on the
same grounds.
Reeve McKibbon said that accord-
ing to statistics, two •anen are ap-
pointed to cemetery boards annually
and asked Council to decide whether
they should be members of council
or not. The Minister of Health ad-
vised that there was no reason why
members of council should not be
menibers of the cemetery commis-
sion. Messrs. Geiger and Haake
moved that members of council be
appointed, which was carried.
Wednesday Session
The morning session of Huron
County Council on Wednesday was
largely occupied with hearing reports
of Corporation officers. In comment-
ing on his report, Roy Patterson, the
County Engineer, said there had:
been comparatively few serious ac-
cidents on the County roads in 1.931.
The Public School Inspector, E. C.
Beacon, and Dr. Field also submit-
ted reports,
The Striking Committee's • report
was as follows, the first named being
the chairman.
Executive -Moser, Geiger, Scott,
Craigie, Wallace.
Legislative—Scott, Archibald, Bea-
-ver, Smith, Douglas.
Finance—Goldthorpe, Smith, Mc-.
Quar.rie, Matheson, "Leiper.
Education — 'Francis, Archibald;
Cardiff, McQuarrie, Wallace.
Property—Haake, Douglas, Moser, 1
Taylor, Stewart.
House of Refuge -McNabb, Stew-
art, Ballantyne, Wright.
Children's Shelter — Goldthorpe,
Sv, eitzer, McKibbon.
Old Age Pensions — Bowman;
Haake, Craigie, Geiger, McKibbon,
this committee to' select its own
chairman,
Good Roads — McKenzie, Gamble,
Elliott,
Cemetery -Francis,' McNabb.
Agriculture and Advisory --Wright,
Carter, Ballanytne, Matheson, Camp- e
bell,_ w
Warden -r' Gamble, Bowman, Tay- w
lor, Leiper. c
Robert Higgins of lTensall, and in
joint Cameron, Ashfield, were .tipa t
pointed . County Auditors for 1932. h
Other applicants were; A. E. Irwin, of
Bayfield; .Leonard befit, Colborne; G
Abtter Cosens, Wingham; A. E. o
Chamberlain, Seaforth, pe
The Engineer's report pointed out by
that there were now'
a tier w c_ 25 miles of'sui�•
face treated roads through- villages 1`0
and hamlets, eight and a half miles ve
of which was treated for the first bo
time last year. A distributor and Vet)
gravel pits wet purchased during the 'du
year, also one drag lino.
The 1931 expenditures on roads are
made up as follows:
Road. construction, $47,833.63;
bridge construction, $1,113.50; main-
tenance and repairs, $61,659.51; ma-
chinery and repairs, $11,575.11; pur-
chase and development of gra-vel pits,
$2,551.24; superintendence, '5,072.16`•
County$
bridges, .$583.29;- total $130,-
388.44; deductible receipts, $2,060.'72;
net. total $128,327.72; ' government
grant should be $64,163.86..
A vote of thanks was tendered En-
gineer Patterson on motion of Reeve
Geiger who expressed the• opinion
that the report was the best the;'En-
gineer had; ever given.
Afternoon Session
County Treasurer, Gordon Young,
reported the financial condition of
Huron county as flourishing at the
afternoon session of Huron County
council on Wednesday. The stand-
ing of the county highway accounts
- is the best for some time and the
_general account deficits are being
gradually wiped .out. The report giv-
1 en by . Mr. Young is as follows:
General account: — :Outstanding.
notes, $55,000; retired notes $10,000;
bt,rrowed, $130,000; total: loans $175,-
000; loans retired, $140,000; balance
of notes carried over into 1932,. $35,-
000.
County Highway Account: - Out-
standing notes, $78,000; retired in
January, ' $10,000; total, $68,000. ' At
the end of April the Government sub-
sidy of $68,000 cleared up all loans.
During the year the county bor-
rowed $100,000 in new notes and re-
tired $40,000, leaving a balance of
$60,000; estimated Government grant
$65,000; estimated balance, $5,000.
Provincial Highway Account: Cre-
dit balance $25,125.48; interest, $612.-
05 proceeds, $44,271.17; total re-
ceipts, $69,971.18.
Payments: Debenture issue, $12,-
950.46; provincial highway- work,
1930. $59,033.76; total, $71,984.22,
`which exceeds the receipts by $2,-
013,04.
Liability: Bank 'deficit, $2,013.04;
provincial highway account maturing
in July, :$47,559.97; debenture to ma-
ture December, 1932, $12,950.46; to-
tal liability, '$62,622.47.
Children's Aid Report
R T. Edwards, superintendent of
Children's Aid. Society, reported the
cost for maintenance as $3,396.74. In'
presenting his report Mr. Edwards
said, "The first aim and object; of ,ev-
ery Children's Aid Society is that of
prevention.- If children can be saved
and helped in early years, there will
be a( tremendous saving` to the com-
munity. Domestic difficulties and
family troubles by which children are
affected are assisted in being solved
by the Children's Aid Societies.
The work of the Lions Clubs- of
Goderich and Seaforth in connection
with crippled children was commend-
ed highly in the report.
H.' McCreath, newly elected coun-
cillor of Colborne, was given a hear -
ng. He asked the assistance of the
reeves in having the Dunlop tomb on
Saltford Hill marked in a special
way. He showed asketch of the
tomb and its surroundings. ' Mr.
Dunlop was a first settler and the
first' warden of Huron County. Mr..
McCreath's idea was to have the
words "Dunlop's Tomb" printed in
cobblestones on the side of the hill
in eight foot: letters:'
George S,potton, M.P., and C. A.
Robertson, M.L,A., were present and
addressed the council.
The corn borer inspector, O. Gunn,
;cplained some matters regarding his
orlc on au etuluiry from Reeve Ste -
art. The remuneration he receives
ante uncles fire. Mr. Gunn said one
spector is appointee! for each coup-
y:, With the Coesent of the reeve,
e !nay appoint an assistant. He lead
fly one man working for him. Mr.
turn received $470 last year. Only
ne conviction had been made, Fifty
r oetst, of Mr. Gunn's salary is paid
the Department.
Reeve McNabb advocated revers -
11 to statute !-bot In his township
ork was done better by statute la-
r than it has been since. The road
ntrnissrotlor's salary had been .re-
ced from $5.00 to $3.50. The high-
n,„
Iel„armiel�9U)wtxmM 6 _u. I16.t411i
ways department didn't approve.
"Why should they object to our
reducing his salary?" asked Mr. Mc-
Nabb. He urged co-operation,
Reeve Wright saw no reason to go
back to 'statute labor, In his' town-
ship they haven't a draw over two
miles and they have • thirteen .patrol-
hien. The warden said he, felt the
wish of the council would not be to
go back.
School Inspectors Beacom • and
Field. gave their reports and answer-
ed many questions regarding the ex-
tra teriii required by• the department
at Normal which some members of
the council designated as unfair. The
appreciation of the members was ex-
eressed to the inspectors in a vote
of thanks.
Thursday Session '
Huron County Council, in session
on Thursday was asked toreduce the
salaries of all officials over which the
Ct uncil has control, by twenty per
cent. The request came in the forth
of a ;motion ,by Reeves Taylor and
Wright and was referred to the Ex-
ecutive committee. Another motion:
was for a 10 per cent. cut. A decis-
ion undoubtedly be reached before
th•e conclusion of the present session.
At the same time Reeve McNabb
asked that a resolution .be forwarded
to Prime Minister R. B. Bennett,
Premier Geo. S. Henry and the Rt.
Hon. W. L. MacKenzie King, leader
of the opposition, asking that all gov
eminent officials' salaries be reduced
20 per cent,
A ;motion, sponsored by. Reeves
Siveitzer. and .Bowman asking that a
by-law be, prepared confirming the
appointment of Traffic Officer Lev-
er and giving him authority to act
under and to lay information under
the L. C. A. as Traffic' Office;' was
carried:
The Thursday afternoon session
was a short one as Council adjourned
early in order to allow committees
to meet and prepare reports.
Reeve Smith inquired of the Coun-
ty Engineer, "Are you a full time of-
ficial of the County, or are your .dut-
ies only certain ones?" He also ask-
ed, "In connection with bridges
culvertcharge
s do you: extra for
t
Plans and specifications?" Mr. P
terson said that lie gives full time if
necessary in looking- after the affairs
of the county, and replied "no" to
the second question.
The Warden and Reeve Wright
`were appointed delegates to the
meeting called by the Minister of. Ag-
riculture in Toronto on. February 4th.
Tlie members of the Council were
guests of the Warden who entertain-
ed formally at the Bedford 'Hotel on
Wednesday evening.
Ian McLeod, Agricultural "Repre-
sentative, gave a short summary of
the work of his Department. At the
short course in Dungannon there was
an enrohnent of 30 boys and 37 girls,
the average attendance at both cours-
es was thirty.
"The Agricultural Department is
not `supplying any seeds this year for
School Fairs and 110 special assist-
ance is to be allowed," said the
speaker'. "Other years three judges
were supplied but this year these will
have to be provided without assist-
ance from the Department. The
most successful fairs were held in St.
Helens and Belgrave. A grant of $25
to. each Schools Fair in the County
would be appreciated. Lack of local
interest in some schools : d:ist.riots
might hinder the holding of some
fairs. Some Township Councils have
supported Fairs to the extent of $25.
Mr. McLeod submitted the financial
statement of the Junior Extension
Fund, showing receipts of . $359.35
and a balance of. $71.77.
N. W. Tr,ewartha, of Clinton, an
ex-Ward•en, being present, was asked
to address the Council.
THE WINGHAM ADVANC1-TrM1 S
ceive $4.50 per day.
The other clauses in the Executive
Committee's report were adopted
with 1 ia
s amendment 1 e1x
dtrit t
tied the grartt'to
tlle North and South Huron ;L'lon'-
inen's' Association should be ,$100 in-
stead of $50 as hroug'ltt in by the
Committee, fifteen Councilors voting,
for the amendment sponsored be
Reeves Cardiff and Archibald, The
following' were the recommendations
adopted, Reeve Haake in, the chair,
Grants of $700 to each hospital;
Tenders for goal supplies, ..13reail, E.
W. Cleveland, .3-1b. loaf 10c; Meat,
C. C. Allison, lle per lb,; Milk; left
to the gaoler; Groceries, J. Calvin
Cult; County Printing, McLean Bros
of Seaforth; Institute for Blind, $100,
Sick Children's Hospital, no -grant;
School Fair, $20; Agricultural Fairs,
$100; Hensall Seed. Show, $25; North
and South Huron Plowmen's Assoc-
iation, each $100; Flowers for 'Court
House, $20; Public . Libraries, 'each
$25; Corn Borer Inspector's salary,
40c an hour, he to provide his own
conveyance.
Wants No Interference .
Council went on record as being
opposed to any Legislation which re-
stricts the powers of municipalities,
and gives the Government control of
their finances, when the Committee
endorsed aTresolution from the Unit-
ed Farmers of Ontario, protesting
against the usurpation by the .Prov
vince of the municipalities' affairs.
Reeve McNabb "How does it
come that all the braids in this Pro-
vince are in the City 'of Toronto?
Our Townships are free of debt. Are
we not qualified to say whether or
notwe should issue debentures with -
cut asking• the consent of legislators
wino have piled up millions of debt
in this Province? I think the order
should be reversed. The resolution is
all right, the only mistake the Unit-
ed Farmers made was going into pol-
itics."
Reeve McKibbon pointed out that
Legislation was aimed at Border
municipalities and. the Yorks. He
said there were people who could not
collect on their Border City coupons.
• It was, finally decided to endorse
or'
he
the resolution by a vote of sixteen to.
thirteen
.
at- i , but the resolution will be
redrafted by the Resolutions Com-
mittee and sent direct to the Govern-
ment without reference to the Unit-
ed Farmers.
A motion by Reeves Sweitzer and
Ballantyne that Council petition Olt-
tario Government that we revert to
Statute Labor, the same grants to be
paid on such work as were paid und-
er the present arrangement, was car-
ried.
Another Salary Cut
In the afternoon and concluding
session the salary of H. T. Edwards,
Superintendent of the Children's Aid
Society was reduced $400. The Mo-
tion by Reeve Geiger was that Mr.
Edwards be paid $600 by the County
instead of $1,000. An amendment
moved by Reeves Bowman and Arch-
ibald that Mr. Edward's salary be
subject to a 20 per cent. cut was 'lost
on the following division:
Yes—Archibald, Bowman'', Cardiff,
Craigie, Elliott, Francis, Gamble,
Goldtrorpe, McKenzie, McKibbon,
Stewart, Taylor, Wallace -13.
No—Ballantyne, Beavers, Camp-
bell, Douglas, Geiger, Haake, Leiper,
Matheson, McNabb, McQuarrie, Mo-
ser, Scott, Smith, Sweitzer, Wright -
15.
The motion carried on the same
division, those voting against the ant
enclment, voting for the motion.
In answer to Reeve Stewart's ques-
tion, "Does an auctioneer's license
et,title two men to sell tender it?" the
Warden said both must have a licen-
se.
13y -laws confirming the• appoint-
ments to the Good Roads Commis-
sion, trustees, etc:, were passed.
The Warden expressed his apprec-
iation of the co-operation he had re-
ceived and . the January session of
Huron County Council closed with
Auld Lang Syne and God Save the
King.
Friday Session
Drastic reductions were made in
the salaries of the County officials at
the Friday morning session when sal-
aries were :reduced all the way from
five to thirty-three per cent.
The following figures show the
comparison in the salaries of 1931
and those adopted in Council for
1932, the 1931 figures appearing first
in each instance.
Warden—$100, $100; Clerk, $1800;
$1,200; Treasurer, $1,800; $1.300;
County Crown Attorney, $1,100, $1,-
000;
1;000 County Engineer, with car and
upkeep, for Good Roads, $3,400, $2,-
900; For County Roads, . $200, $200;
Gaoler, with fuel and lights, $1,000;
$950.; Matron of Gaol, $225, $225;
Turnkey of Gaol, with fuel, lights,
'etc., $950, $850; Manager,. House of
Refuge, $800; $720; Matron of House
of Refuge, $700, $700; Assistant Mat-
ron, House of Refuge, $400, $360; In-
speetor• H. of R,, $300, $2'75; Physic-
ian H. of R., $00; $360; 'Chaplain,
H, of R., $200, $200; Auditors Coun-
ty Accounts, each $50, $45; Criminal
Justice Accounts, per day, each $5,
P r
$4,50, and 1.0c per mile one way tra-
velled; Caretaker of Court .I-lons r
e a a cl
Registry Office, $1,000, $90Q; County
Councillors, per day, each $5.00, $4,-
50 and 10e mileage one way:
All members of C'omniittees to re-
lee
I E.}l�tiLh
DOMINION BANK
IS IN A VERY
STRONG POSITION
Notwithstanding the downward
trend of general business which was
in evidence throughout the bast year,
the 61st Annual Statement of The
Dominion Bank covering the twelve
months ending December31st last is
rarticularly, satisfactory.
The Bank's Net--I?rofits of $1,322,-
287, are 18,89% of. the Paicl Up Capi-
tal, and are - only $87,000, below..the
figures of last yea;. These profits
were distributed as follows: Divi-
dends to shareholders at the: rate of
12 per eerit. per 'annum $840,000., a
contribution to Officers Pension
Fund of $50,000,, Reserve to Cover
Dominion and l'.rovincial Govern-
ment taxation $211,297,, and a pro-
vision for depreciation in securities
$200,000., leaving a balance carried
forward to Profit and Loss account
of $465,209, This is $21 000
than the amount brought 'forward lat
the end of December 1930,.
Deposits were maintained) at fig-
ureslos
o
c e t those .of the,est,
p
being $105,449,000 compared with
$107,432,000, in 1930, a rediretion of
less than 2%.
Deposits not hearing r .interest stand
at $20473,2'78,, and those bearing in-
tcr est at $85,275,816:
Immediately Available Assets at
$61,911,381 are 54,03 per cent. of
Public Liabilities. `Chis is a some-
what higher, ratio than that of the
last Annual Statement,
The Bank's total investments are
*20,353,000, an increase of nearly $5,-
000,900. during the year. Of the to-
tal holdings $23,597,000, consist of
Ilorninion and Provincial Govern-
rnent and ifunicipel Securities,
Current Loans while showing a
small reduction have beee maintained
well in line with the present require-
ments of business. They appear on
the: Statement as $61,248,986., a re
duction of only 5.4 per cent, compar-
ed with the figures under this head-
ing of a year ago.
Capital, Reserve Fend and Undi-
vided Profits total $16,465,209.
•
AS MEN GROW OLD.
To the Editur av all thim
Wingham paypers,
Deer Sur:
'Tis a quare whither we do be hay- s
ire so it is, an not much loike the
wans we used to hev in the ould days s
wid the roads blocked wid shnow p
from fin ce to fince, so that payple s
had to droive troo the fields.' I .tink t
I kin hear the Sleighs schreechin yit
..n a could marnin, an see the shtame.
raisin off the horses, haulin wood to
town fer two dollars a cord.
Och, shurel 'tis a quarewurruld,
wid iviryting changin in it, an Finer
ally fer the . wurse, in slipoite av all
the taichers, an dochtors, an mim-
bers av parleynvnt, an noospaypers,
an books, an radios, not minshu'nin
the wimmin, givin us good advoice.
irivy day av our loives, I tink meb-
by there do be too manny fellahs
givin advoice an not enough takin it.
'Tis
too extravagant we do be git-
tin intoirely. If ye don't belave hie
jist look at 'the fancy candies in thee
shtores, lashins an lashins av them'
In the ould days we niebby got a
was referred to Executive Conunti-
piece av maple sugar on Sunday af-
t e tr
l,ctrt � ins, if we had been. ,Food all.
thewake befeor. Thin we hev tings
to aisy ietoirely, to rear shtrong mitt.
What wid autos, 'an tillyfones, an
moral mai;,' and roidin plows, an rad-
1c,r, payple hev got so they k,in nay-
tlxer avuruk,. arr rade, arr fink.an
'fv
it "body is the same as ivirybody ilse,
wid no outsbtandin rain at all, at; all;
In the good mild days iviry man
throid to be betther at some wan
ting thari annywan Ilse, Mobby he
cud dliraw a shtraighter furrer ar-
rounda whate field; arr lie cud drolve
it yoke of oxen beta:er than antsy av
his naybers, Yis, we had good min,
an good farruuiers in thin;' days, an
I am glad to say we hev salve yit,-
but they do be gettin slcurse. In the
cued days wan man wttd ixcelI at
feidin a trashin masheen, .another at
clhressin a bafe, another at Koen tur-
nips, another at singin Scotch arr Ir-
ish t songs at parthies, another at play -
in the foife on.. the twilfth av July,
another at ; trowin the showlder
slttone, an so fort. ,Iviry ratan had a
slipeshalty, arr throid to hev wan;
hie own shtunt wus houldin the fut.
av a poslit at barrun raisins, an theer
wussen't a man in the sittlemint cud
batemeat it ayther.
Shure, we hev no such min inthese
cicginerate days as we used to hev
whin the wurruld wus young wid us
orrid fcllabs, The young ruin now
lipind theer .toime reedits the shport
ages, an lookin at thecorniek
htrips in the paypers, arr lishtenin
c' the radio, arr talkin about how
many manes they kin get out av a
gallon av gas, an wurst av all, sorra
a wan av thim will git out an wur-
ruk fer his earthy at-elickshun t011I1e
widout ixpicktin to be paid fer it.
lfebby 'tis 0n ould fogey I am git-
tin to be, an the byes are not so bad
afther all, but I souletoimes time av
a verse av poethry I wance cut out
av a pee -per an poshted in me schrap
book.
"The great world moves so fast to-
• day,
It leaves an old man by the way,
Forgets the work that he has done,
And all his toil beneath the sun;
And all its voices seem to say,
Stand back, old man! I(.cep out the
• way,
T} r
ear the voices it.i•uel' roar,
I go, the night is settling dosn,
But 11 pr<tos they'll anis ine tv110.t 'rl
i o
more,
The old man eolces ant i c'
i pttt as
round."
Yours next wake,
Tieeothy Hay,
MORRIS
Mrs. John Dixon, of Toronto, vis-
iteii a few days with her sister, Mrs.
Ernest Dennis.
Mrs. Harold Thomas and children
spent a few days with her parents,
Mr. and Mrs. E;. Dennis and visited
old friends around Browntown.
Mrs, Harold Thomas and children
of Brussels, spent a day last wee.
with Mr. and Mrs, Wm. Elston.
Canned Tomatoes
Canned tomatoes are available to
everyone and they are a food which
hould be included daily in the diet.
If you have not been converted to
tomato juice for breakfast you are
missing something, both . from the
standpoint of appetite and heeith.
Use . tomatoes, cabbage, and apples
freely and you have gone a long way
!towards solving the problem of fresh
foods for the family.
Apple Meringue Pudding
1 pint applesauce
3 eggs
1 teaspoon nutmeg
2 tablespoons sugar
1 teaspoon almond extract
teaspoon cinnamon
1 tablespoon butter
Mix the spices, butterand well
beaten egg yolks, with the applesauce
while it is hot. Beat until light. Pitt
in a buttered baking dish and cook
10 minutes. Remove from the oven
and cover with a meringue made
from egg whites, sugar and flavor-
ing. Return to the oven . and cook
until gently browned. Cool and ser-
ve with cream.
Forman (to new night watchman)
"Well, a
everything t r1n all •
J
right?"
h
Watchman: `Yes, I 'aven't done so
bad for the first night. 1 checked
riff everything and there's only one
thing missing—the steam roller:"
TH E OM 1
rt
t. "r
Sixty.first Annual St
tement
.� I6
A. i tt
The Sixty-first Annual General Meeting of The Dominion Bank was held at the Head Office
in Toronto, on Wednesday, January 27th, 1932, at which the following statement of the affairs of
the Bank as on December 31st, 1931, was submitted:
LIABILITIES
Capital. Stock paid in
Reserve Fund
Balance of Profit and Loss Account carried forward
Dividend No. 197, payable 2nd January, 1939
Former Dividends unclaimed
Total Liabilities to the Shareholders
Notes of the Bank in Circulation $ 6,262,303 00
Deposits not bearing interest $20,173,278 59
Deposits bearing interest, including interest accrued
to date 85,275,816 48
$ 7,000,000 00
$ 9,000,000 00
465,209 22
210,000 00
945 00
9;676,154 22
Balances due to other Banks in Canada
Balances due to Banks and Banking Correspondents elsewhere than
in Canada
Liabilities not included in the foregoing
Letters of Credit Outstanding
Gold and Silver Coin, current
Dominion Government Notes
Deposit in the Central Gold Reserves
Notes of other Banks
United States and other Foreign Currencies
Cheques on other Banks 6,789,813 28
Balances clue by Banks and Banking Correspondents elsewhere than
in Canada 2,122,778 44
ASSETS
105,449,095 07
963,835 12
$16,676,"54 22
1,534,617 11
366,948 27
114,576,798 57
1,622,126 30
$132,875,079.09
1,013,693 91
9,367,640 89
1,000,000 00
686,390 00
42,360 13
$21,027,676 65
Dominion and Provincial. Government Securities, not exceeding
market value 19,222,378 98
Canadian Municipal Securities, and British, Foreign and Colonial
Public Securities other than Canadian,not exceeding market
vaiue 4,374,813 00
Railway and other Bonds, Debentures and Stocks, not exceeding
market value 2,756,483 62
Call and Short (not exceeding thirty days) Loans in Canada on
Stocks, Debentures and Bonds and other Securities of a
sufficient marketable value to cover.. 13,011,678 70
CalI and Short (not exceeding thirty days) Loans elsewhere than
in Canada on Stocks, Debentures and Bonds and other
Securities of a sufficient marketable value fo cover 1,183,400 51
Deposit with the Minister of Finance for the purposes of the Circu-
lation Fund 334,950 00
Other Current Loans and Discounts in Canada (less rebate of interest)
after making full provision for all had and doubtful debts........ $61,248,986 69
Other Current Loans and Discounts elsewhere than in . Canada (less
rebate of interest) after making full provision for all bad and
doubtful debts` 1,643,043 42
Non -Current Loans, estimated loss provided for 222809 73
Bank Premises, at not: more than cost, less amounts written off,,..,.,• , 6,031,160 59
.;Zeal Estate other than Bank. Premises 50,035 32
Mortgages on Real Estate sold 15,706 43
Other Assets not included in the foregoing 120,829 15
Liabilities of Customers ender Letters of Credit, as per contra
$61,911,381 46
69,341,571 33
1,622,126 30
$132,875,079 09
A. W. Ausnrr, President. C. A. Bee ter, General Manager,
AUDITORS' REPORT (0 SHAREHOLDERS
Wti iseronr.`ro TM: SITArErt0LOECB or Trim DoMiNrori EArmg:-•- `
'Chat WO lacy e°:arrincci the above Taiancc Sheet as at December 3 t .
vouchers at read Otmc, unci with else certified re fs , 1931, and compared it he lr fott ation and
d turns horn the Breeches, We hour.. obtained all the information Wird
explanations that we ilii t requited, and its our Opinion the transactions of the Bank which have corse under OUT notice
have been within the t„•wine of the Bank,
la our opinion the B„lance Sheet discloses the true condition et the Bank find is as • drown ,b ' tee books of'
the Bank. pp
A. B. Stmes n>;rrn CA,of Peat, nfarwiok, Mitchell & Ce.
la. Molt. M6Ctetee ro,
tri Price, Waterhouse et Co.
ToenNro, YAi;t'AttV 1
1932.