The Huron Expositor, 1937-12-03, Page 6ra
al R, or
Canada's Trade
git•' 9' exwelou I n its
,,,,lopprattakus,. in keeping with
Penal :bunlness activity of the
re ected in the annual
4 teuieat for the yea' ending Otto-
1?or 30t11, now being forwarded to its
q harelielderh by the Bank of Montreal.
The assets of the Bank, now stand-
ing at $829;633,950.98, show an in-
ereaee of $24,552,000, as compared
With a year ago
An analysis of the assets reveals
the remarkable strength of the insti-
tution, the proportion of quickly
available resources standing at 4599,-
051,153, as comipared with liabilities
to the public of 3752,736,753, being
79.58% of these liabilities.
Improvement in Current Loans
The Bank has again followed its
custom of some years' standing by is-
suing the statement in an easily um-
derstaudable form, grouping the fig-
ures
idures with annotations that explain
their purport.
From the public standpoint the most
interesting feature of the statement
is the demonstration that it gives of
the expanding scale of • he country's
industrial and commercial operations;
reflected particnlw:rly in the iinprave•
�paxisa
meat in current 1ns In Camera,
which, at $204;760,84, show an 'in-
crease
increaseas compared with last year of
more than 130,000,000. -
On the °the rhand, due no doubt to
the restricted operations ia. the se-
curity markets, call loans in Canada
are' down from .$8,169,988 last year
to' $6,857,700 at the preset time. A
similar movement is not oeab1e in
.eali loans abroad, these new standing
at $19,878,944, as .compared with; $25,-
400,166.
Total deposits amount to $717,799,-
105—an increase of $26,497,000 as
compared with last year's statement.
Moderate Increase in:Profits
In keeping with the larger scale of
the, Bank's business, the, profits show
a moderate increase. The net total,
after deduction of Dominion and Pro-
rinciai Government taxes of $942,957,
amounts to $3,408,328, being at the
rate of 4.47% on the combined. capi-
tal, reserves and undistributed pro-
fits. After payment of the usual divi-
dends and an oppropriation of 3400,-
000 for bank premises, the sum of
$128,328 was carried forward to pro-
fit and loss account,
PIPE
TOBACCO,,,
FOR A MILD, COOL SMOKE
The pry eipai accounts, with come
parisons vitih those of the previous
year, show:
1937 • -1931
$ $
Total; Assets 829,633,950' 805,081,998
Liquid Assets . 599,0.51;153 606,472,587
Gov't and father
437,381,825 442,781,097
19,878,944 25,400,166
Breads
Call Loans out-
side .Gana is
Call Loans in
Canada
Total Deposits
Capital
Rest
Profits
6,857,700 8,169,988
717,799,105 691,312,054
36,000,000 36,000,000
39,000,000 39,000,000
3,408,328 3,181,501
An English tourist travelling in
the North of Scotland, far away from
anywhere, ,exclaimed to one of the
natives:
'Wily, what do you do when any
of you are ill? You can never get a
doctor!"
"Nae, sir," replied Sandy. "We've
just to des a natural death."
BANK of MONTREAL
Established 1817
•
A presentation, in easily understandable form,
of the Bank's
ANNUAL STATEMENT
30th October, 1937
LIABILITIES
LIABILITIES TO THE PUBLIC
Deposits $717,799,105.99
Payable on demand and after notice.
Notes of the Bank in Circulation • 24,428,895.00
Payable on demand.
Bills Payable . • . 213,945.47
Time drafts issued and outstanding.
Acceptances and Letters of Credit Outstanding 7,759,145.50
Finanaal responsibilities sndertaken on behalf of customers
(see off -setting amount in "Resources").
Other Liabilities to the Public • 2,535,661.75
Items which do not come ander the foregoing heading.
Total Liabilities to the Public •- $752,736,753.71
LIABILITIES TO THE SHAREHOLDERS
Capital, Surplus and Undivided Profits
and Reserves for Dividends . . 76,897,197.27
This amount represents the shareholder? interest is the Bank,
over which liabilities to the public take precedence.
Total Liabilities . . . $829,6331950.98
RESOURCES
To meet the foregoing Liabilities the Bank has
Cash in its Vaults and Money on Deposit with
Bank of Canada . .
Notes of and Cheques on Other Banks .
Payable in cash on presentation.
Money on Deposit with Other Basks
Available on demand or at short notice.
Government and Other Bonds and Debentures
Not exceeding market value. The greater portion consists "of
gilt -edge securities which mature at early dales.
Stocks . . . . . . •
Industrial and other stocks. Not exceeding market value.
Call Loans outside of Canada .
Secured by bonds, stocks and otter negotiable securities of
greater value than the loans and representing moneys quickly
available with no disturbing effect on conditions in Canada.
Call Loans in Canada . . ' . .
Payable on demand and secured by bonds and stocks of
greater value than the loans.
Bankers' Acceptances
-
Prime drafts accepted by other banks.
TOTAL OF QUICKLY AVAILABLE RESOURCES .
(equal to 79.58% of all Liabilities to tbe,Publir)
Other Loans . .
To manufacturers, farmers, merchants and others, on conditions
consistent with sound banking.
Bank Premises . .
•
Two properties only are carried in the names of bolding
companies; the stock and bonds of these companies are en-
tirely owned by the Bank and appear on the books at $1.00
in act case. All other of the Bankti premises, the value of
cc largely exceeds $13,,700,000, appear under this heading.
Real Estate, and Mortgages on Real Estate Sold by the
•
Acquired in the course of the Bank's business and in process
of being realized upon.
Customers' Liability under Acceptances and
Letters of Credit . . . . .
Represents liabilitiesof customers on account of Letters of
Credit issued and Drafts accepted by the Bank for their
account.
Other Assets not included in the Foregoing
Making Total Assets of .
to meet payment of Liabilities to the Public of
leaving an excess of Assets over Liabilities to the Public of $ 76,897,197.27
•
$ 86,226,720.23
27,718,431.85
20,665,157.41
437,381,825.01
286,235.50
19,878,944.34
6,857,700.39
36,138.52
$599,05;1,153.2,5
204,760,812.11
13,700,000.00
1,192,681.35
7,759,145.50
3,170,158.77
$829,633,950.98
752,736,753.71
PROFIT and LOSS ACCOUNT
Profits for the year ended 30th'October,1937, after making appropriations
to Contingent Reserve Fund, out of which Fund full provision for Bad
and Doubtful Debts has been made, and after deducting Dominion and
Provincial Government Taxes amounting to $942,957.54 . $3,408,328.80
Dividends paid or payable to Shareholders . . . $2,880,000.00
Appropriation for Bank Premises . . . 400,000.00
3,280,000.00
t Balance of Profit and Lots Ac $ 136,324.70
cotmt, 31st October, 1936 •1,036,534..73
Balance of Profit and Loss carried forward $1,164,863.53
CHARLES B. GORDON,
Preside*:
JACKSON DODDS,
G, W. SPINNEY,
Joint General -Managers
* * *
strength of a hank h determined by its history, its policy,
igement and the extent of its. resources. Por 120 years the
has been z the forefront of Canadian finance.
ri
.1
A
RHEUMATIC FEVER
Acute, rrheumatiem also called rheu-
matic fever occurs most frequently,
during early adult We. It le eherac-
t'erieed by .swelling and inflammation
of jousts, and not infrequently by he
; tammatient of the lining of the heart.
• That itis caused by a germ. has
been established by recovery of the
perm from the fluid of an Inflamed
tint. The ersease is more common
in ma es than female because ext •
sure to wet and cold and sudden
cban'ges of temperature to which
workmen are exposed in much great-
er numbers than are women have
been found to be 'very important un-
derlying causes: It would appear
that body resistance is lowered by
dampness and cold allowing the germs
to gain a hold upon the system. Those
who work outside, as well as bakers,
iron workers and others exposed to
taudden changes of temperature srhoald
take precautions to avoid getting
chilled.
The onset of the disease is char-
acterized., by a feeling of prostration,
fever, much sweating, and pains in the
joints especially affecting the arms
and legs.
The pulse is 'rapid and bounding,
the tongue moist and, coated and the
.patient quickly loses appetite and de-
velops a great thirst. .,The affected
joints, frequently knees,' elbows, an-
kles, wrists and hands are swollen,
red, tender to touch and „extremely
painful. Nausea may also be 'a dis-
turbing factor and constipation is
practically always present.
But more important perhaps than
the troublesome symptoms described
is the damage to 'the lining of the
heart which occurs in about 50 per
cent. of eases. . 1
•
A persen suffering from nheumatic
fever should be kept in bed and' made
to remain absolutely at rest to avoid
any strain being placed upon the
heart. The acute stage lasts from ,10
to 20 days but, there is great danger
of relapse if proper care is not tak-
en.
The painful joints should' be kept
wrapped preferably in flannel. A
nightgown—split down the front,—
permits of sponging and drying the
body with the least amount of dis-
turbance to the patient.
Liniments and drugs which control
pain will alleviate the distress while
absolute rest will help the heart to
recover from the inflammation which
may have attacked it. Under medical
and nursing care recovery may be
looked for but without proper care
the results may be . disastrous.
Questions concerning Health., ad-
dressed to the 'Canadian Medical As-
sociation, 184 College -Street, Toron-
tc• will be answered personally by
letter,
Pupil: "1 can't read this correc-
tion of yours, air."
Teacher: "It says you must write
more t:leariyi"
Farm Notes
Guelph Winter Fair
The Ontario Provincial Winter.
$air, ot'berwiee known as the Guelph
Wiiater Fair, was officially opened on
Tuesday night, November 30th, by
Hong P. M. Dewan, Ontario . Minister
of Agriculture. The largest .entry list
in 10 years has -been recorded and
the show is attracting visitors from
all parts of Ontario, Eleven Agricul-
tural Societies were entered in the
competition class for grain or seed.
They are Brooke and Aivinston 'So-
ciety; Carrick, Colchester South; Er-
in, Esquesing+ Society of Georgetown;
Floe; Society, of Elmwale; Markham,
North Middlesex, Paris, South: Water-
ier) and Woodstock. Twelve teams of
Junior Farmers were entered in grain
club competitions. Durham County
sent two teams, Halton two, Muskoka
three, and Huron, Lambton, Norfolk,
Ontario and York Counties one each.
Three Middlesex clubs were entered
in the potato competition; Wentworth
also had three teams of boys, and On-
tario and Durham Counties one teattl'
each. There, are a number of out-
standing Clyde and Percheron horses
entered, while the Horse Show every
night of the Fair\ is providing very
keen and thrilling competition. - The
livestock entry was exceptionally
heavy in all classes.
Official Crop Report
Total grim production in Ontario
911
• creit
$150/01,150
NOVO HIGHER
..,
w
A QUIET, WELL CONDUCTED,
CONVENIEN't;'M0DENN 100.
ROOM H07'SL—s0 W1TNI OATH
W1tk i • FOIt 00LD0 •
TAKE A DE LIME TAlti
a�tblil DEPOY Cot W11Attc-266•.
1 Usually common constipa•
tion is the result of eating
meals low in "bulk" or fiber.
Headaches, poor appetite, lose
of energy are some of the
effects of constipation. It
keeps you from looking and
feeling at your best.
C
NSTIPATION
2 Relieve common constipa-
tion with Kellogg's_ALL-BRAN.
This wholesome ready -to -eat
cereal absorbs water and
softens like a sponge -- form-
ing a soft mass which aids
elimination from the colon..
DOWN
3 Unlike certain cathartics,
ALL -BRAN is not habit -form•
ing. Serve this food as a cereal
with milk or fruits, or cook
into recipes. Eat two table-
spoonfuls daily. In severe
cases, with each meal. Sold by
all grocers. Made by Kellogg
in London, Ontario.
het'e "" ea
•
FOR SALE BY SEAFORTH GROCERS
J. J. Cleary
A.C.Routledge
Clark'sGrocery
W. R. Smith
- Cardno's Grocery
SUPERIOR STORES
Ross J. Sproat
Miss N. Pryce
Alex. McGavin
Dominion Stores
in 1937 is estimated at 154,188,000
bushels as compared with 135,449,000
bushels in 1936, and an average an-
nual production of 169,066,000 bushels
during the ten-year period 1925-3.1.
This year's grain Drop will exceed
that of any year since 1931 with the
exception of 1935. The combined
yield of hays crops and corn for fod-
der is .considerably greater than that
of last year and almost the same as
the ten-year average. Total tonnage
for 1937 is 'estimated at 9,406,000 tons.
and with the exception of 1936, .is
larger than itt any other year since
1930. Rots yielded very well this
season and total production Is esti-
mated at 39,434,000 bushel&, whfeb is
approximately 3,000,000 bushels great-
er than last year and roughly 700,000
more ,than the l0 -year average, 1926-
84.
Total feed supplies in the i'rovir.ce
of Ontario are censiderably larger
this year than in 1936. Last year
crops in Eaatern Ontario' were not
affected • by the drought which pre-
vailed over the . greater portion; of the
Province: This season yie per ac-
re of practically all eropa-aWere Con-
siderably
onsiderably higher in dentrai, Western
anti Southern Ontario, but in Eastern
Ontario, particularly grain, ehow'ed a
substantial decline from Utah year,
dna to a combination of adverse fat;•
tors including an exceptionally late
seeding, premature ripening and .ex-
tensive rust siiatnage.
The 1:937 Ontaria Potaat° bira0 is
esttinited at 10,180,000 dittW
shows an increase of 850,000 cwt. ov-
er 1936. The average production for
-1925-34 is 10,140,000 cwt., so that this
year's crop is practically"the same as
the 10 -year average. The acreage this
year shows a• gain of 5,600 acres over
1936, and the yield per acre is plac-
ed at 67.2 cwt., as against 64.0 cwt. a
year ago. The dry bean orop is con-
siderably
onsiderably higher, with production in
1937 amounting to 1,089,000 bushels as
compared with 743,000 bushels •n
1936. Total tgacco produetion is
the largest on record and present - es-
timates place the crop at 62,000,000
pounds, a ariso of approximately 13,-
600,000 pounds over the previous re-
cord crop harvested in 1935. Sugar
beef, which are grown chiefly in
Rent, Essex and Lambton Counties,
Suffered from excessive moisture sup-
plies and the total yield for the Prov-
ince this year is only 240,090 tons as
against 391,000 tons in 1936. Botch
acreage and yield per acre showed a
reduction.
COUGHS, DISTEMPER,
BROKEN WIND
have met their master fa
ZEV—made by the mak-
ers of Buckley's Mixture.
Stockmen, poultry breed-
ers, etc., who have used
ZEV say k is positively,
"sure fire" relief for alt respiratory
diseases in horses, cattle, sheep, pigs,
poultry and doge. It is amazing how
quickly it gets retia, in the moat stub-
born cases. in fact, we guarantee ZEV•
to do in a day or two what it took old-
fashioned remedies a month to do. Pet
aim 5OO, Stock else 61.00. Get Z=V et
KEATING'S PHARMACY
S. C. I. COMMENCEMENT
Friday, December 3rd, .1.937
CARDNO'S' HALL, SEAFORT1
PRESENTATION OF' DIPLOMAS,AND PRIZES '
TWO 1 -ACT PLAYS: "nib Pampered Darling" & "My Lord in Livery"
'DANCES,' 'CHORUSES, EWM NASTICS, MUSIC
General Admission'85e Wickets may- be reserved at Abepbart's Drug
Store tor 100 extra on midi after 9 n.an., 3'riday, November. 26th.
Gallery 25e. No .redUttion ;tor children in the dt+ening.,
Matiiiee•'Frlday afteivioge aat, 015 p.m* Admission foto children and
b ler Adults.
s
S