iff

%

eza2 g

ale

cry

A banquet. tor ‘4 fiona was hed iat aa.

Ch tetown was held last night at Charlottetown Branch ‘of

sland News Page

Eastern and Central Districts

Group Planning | | | Reunion, Dinner

Medium eee eee ee eee

| Ils Offered Ken

— The congre-

of the esate United

has had under consid-

for some time, the re-

i — present church

organ. annual meeting hheld on Thursday evening at the Christian Education Centre, the organ committee .reported that eo teeenend organ at present i otal in the church was con- —s. ty, and. also Tiperied committee had received an offer of the presen- tation of this organ to the church

as a , Pending the ap- proval of the congregation. recommended

EMPLOYEES HONORED -

the Royal Canadian Legion. TO RIGHT are’ Mr. Butler, City Comptrolier John Butler Howard Frizzel, Mary Mc- ae ee oat gifts Quaid, Herbert Jewell and Er- on behalf of the city. LEFT nest Seller,

i

Keir Memorial Church

Memorial |his work

new momen’. added to the

ting

consregation to the minister fr Seid’ Gira Bites cat toe

The three retiring managers, the auditors, Wallace Pickering and Earle .MacKay, the secre-

tary and treasurer weré ‘all re- elected for another year. A committee consisting,

Ms. John MacNutt, Mr. head

providing more space for the Sunday

A vote of thanks was extended

New Life For

BRIEF

CITY AREA FUNERALS

GALLANT _ funeral for John J. G was held Tuesday Jan. 25 from his Mate residence to St. ce eens,

ed by Rev. Joeeph LeClair. Pall bearers were: Reigh Bagnall, Gerald Precie: Gordon Mathe- son, Fred Smith, James Gallant, and Gerald MacDonald. Inter- ment took place in the church cemetery . ‘

' Church, South Rus

EGG PRICES

Failing Hearts! Dramatic new surgery, pio-

dian doctor, has launched “a era of treatment” for, vic- of coronary-artery dis- | ease. In February Reader's Digest, read how movies are

neered by a brilliant Cana-.

:

ee’ Ee Tae ee =

TO: THE POLICYHOLDERS OF PRINCE “MUTUAL FIRE INSURANCE C aan

This is the report of the Directors of Prince Edward Island Mutual Fire Insurance Company for the year 1965.

Tee Riche Sevens yee S this Company’s life has been an

year. The income of the Company both by way of premiums collected ‘and interest collected surpasses all other years in the Company's history.

During the year your Directore, on behalf of the Company,

Tye

&

participating treaty and enables the Company to carry a total of Forty Thousand Dollars insurance on: any set of buildings. -

It is not the intention of the Directors to carry

“= Confederation ~~ Centre

P.E.I. "federation is also in Tor- onto attending the annual meet- ing of the CFA which opened Tuesday.

ennessey Home to the Church of the Most Holy Redeemer where Requiem

“High Mass was celebrated Rev. William Cumerford, CSsR, te a ee ee ae.

5 ae Leal

5 m =

¥

The most

WHAT

tounding

TH

Will the U.S. ~

astronauts find -- when they land on ~THE-~MOON?-

SEE! GASP | WONDER ! THRILL !

to the

WONDERS

- of the-moon world

“ONL The, Space

Age cbuld have created it!

, ONL’ Dynamatlon

_| #0 ,also do our assets. _ Approximately ‘Sixty-Five per cent of the net sretnnas e Ex

premium-rate- wé-would-endeavour-to scoetions a First Sarp lus Farm. Tractor Insurance Treaty which would include public liability up to, and not over, a certain amount oigeeeedi with the

™ other four points of a_policy.of. this nature.

The farm tractot lability policy would be similar to the First Surplus Fire Insurance Treaty.

Th vos WL eouiearios the Sibaeecial. statins as certified by the Auditors, you will see that our net premium income wes $290,063.59 for the year ending December 3ist., 1965.. This is an nme $20,500.00 when i is compared with

Our total insurance carried amounts to $75,615,465.00 which is an increase of approximately $6,000,000.00 over last year.

oe ee

come is derived from farming and fishing risks. "The net interest income ‘amounted to $30,930.62.

The net‘ losses which we incurred amounted to $166,222.02 which is’a decrease of of approximately $17,000.00 in comparison with the 1964 figure.

.4-premium .income.. acess Wi SGhemellaanslg OT fir noes wo Conk a tarvo, act expenditures amounting

excess of receipts over to $60,719.27. Our net premium income from: insurance on farming and

. fishing risks for the year 1965 was $189,814.43. The balance is

income from mercantile ‘risks and income from insurance. on. dwellings, schools, churches, halls and other miscellaneous risks which ere not considered farm risks.

Notwithstanding: the high cost of materials and tees Disectirs. Gd ek Glan Mo-Gither desirable Ge aeceesery to: increase the rate of premiums on fire insurance as has ‘been done by some other Companies.

Your Directors wish to emphasise the fact that we are serviting the: farmers: of Prince: Edward’

at less than cost and have been having a surplus each year. The surplus being derived from interest collections on sound investments of this Company.

Gee ee ees ee the year 1965

Rural Outbuildings ....,...... Wepeie ss ve coeuss vu vs $64,427.02 Harel DWM i oe6 Ce iii disco cccsccesced ++ 60,962.56 Potato Warehouses .......:.. Poe eea cri iccsicicive oss 10,036.00 LAVOMOCE Mil CHO iS ics Bre, occ ccccceeces +. 7,285.50 Urban Dwellings ............... Didde cys scaveuceee ; 5,250.67 Charehes 40. ose, Cee hes UVGESES cic scctoccuaty §,215.23 Stores ........ seeeeee Ceccccvee Phebe eecereneeesese . 4,658.41 Foraitate 66 oa, PUUUGEE as iebescccceee +. 8,429.60 Fire Departments .......; WEEE EEG oAe sc cccccccets ‘... 8,150.00 Canteee’ 65 ie beeeuees WEvEWN se ceveccscue ‘ 3,000.00 Meat Plant ......:..... Was ede Drihecscecsesvcoeee 1,811.56 Stock it Store a Pei iiseeccsccewe ~~ 1,085.14 ~ 602.25

558.45

344.85

215,08

176.37

167.08

129.18

125.00

105.66

could make it so real.

100.00 the balance is miscellaneous ted 1964 stealing Jess overestima losses out

STARTS TODAY

etoile eae of oe

4 is dade be ubecehs BMURAD Etc ce cape $ 79, 64: Defective Wits ccc F bbbecenesss. Incendiarism aor

SORA e ewe eeeserareenes

an Ee

| various organizations of | Church. Appointed to the Miss-

| financial tituation’ im connect- * | Ohristian , Education Centre.

daar yeas ae Wenner aconimaicly 61. pee samt. of the

Island--with:-insurance- |: «x

sington Church

ary for the seen, and read the minutes of the last cones congregational meeting as as the minutes of a meeting ange in the year.

thanks of the congregat- ion was extended ,to Hattie Clark for her work in connect- ion with the /annual statements.

MINISTER PORTS

The minister reported on the work in the church, the on visiting families, and the sick, proposed classes for church membership, and gave aspects of the spiritual work.

Reports were submitted by ~ 5 ‘

that. “‘we like to maintain | the

the associ

was | at | MacCormack | of - the

ionary_and-Maintenance commit tee, for 1966 are Mr. and Mrs.

A statement was made on the ion with the completion of the

g

“FINANCIAL STAT

_temperatu res

Members of st and 5th) * Low evernizht High the, =| g zg

other Yarmouth ‘

Medium St. John's | Boston ation | |New. York

hen |'Tampa | Miami [New Orleam

Los Angele: ther office says cloudy skies land man, George Darrach, were reported in three Mari- time provinces late A few snowflurries were

moving slowly eastward’ and,

i tion, but. only -a little jin the southern sections.

Thursday should be cloudy as & disturbance approaches — the

Real Estate, at eost less depreciation

WEATHER 3 and 90. Outlook for Teureier Cloudy. Seasonable temperatur. TORONTO cp) — Observed |es. .

“High tide today at Charlotte. town 1.13 ami. and 2.12 p.m. At ee and 8.47

Tuesday

; ; : reunion in the Kingston Legion | Vancouver Summerside tide eighteen ’ IS Re ataiiiad later than Charlotte. The Guardian, Charlottetown, Wed. Jan. 26, 1966. 5 —— the evening of. Jan. Jen. teres | oo # taeiotie Stewart G. Ives, Charlottetown, | Toronto a.m. and sets at 5.24 p.m. Present of Memorial Org CAM wie wes an officer with the 2nd Ottawa

Kingston Bull Earns Award

Diamond Hill Dean received

3

SVTRSVSRBLVBBIBsoes uhsBga. SHSAS SARL ee eZSSeeiwe.~.~8see

HALIFAX (CP) — The wea-

How fo relieve

Use Kidney BACK 2322

thoy" caustns io testes oy ACHES: oa

ane on Dede.

= eS condi.

NT

expense percentage of the income is 126 per

Defective Witing &. Short Circuit ......5.......0000 , 9,516.13 This year the Pauly, Floaied ot Explnded Ol Siove snkdet - . 8,802.65 cont compared WO ee ee ee eee Laghtningy «000.053 Sis eeeae eee pedesecencee : :“"Overhea' & Flues aeese ‘ - Supplemental. (Wind ‘ete:) is. on in 5 per eons eon of the premium income Furnace or Stove Exploded........ ; per cent compared with 12.98 per cent last ‘year, ie eS ee Be ek sabe Your Direetons are pleased to report tits were ae looses Tractor Backfired in Barn voacsesseeaneesiiesceen 2:00.09 | mcurred during the year im connection with insurance on tobacco, Children Playing with Bee: geri enscues isedes 2,320.25 | The losses which previously occurred were chiefly - Faulty Salamander SSL ChCt Rasam |ty inclty entgment, cae te Game Gee Melee oF proper Grass Fires ...... : seestueeeasesneneces 1,966.66 | equipment and knowledge of curing, processing, and storing of Faulty Smokehouse ‘Equipment . eeeeveese vanees ao >| tobacco ‘after it has been reaped. : . Broken Light secccces eeewccece evececes f pe ‘ = igarette ca cae céeoa ea ecndecaeecs cam We think that in growitig and processing tobacco the opera lective Furnace «. ie ccosssonunhesqeiMiune 206.00 | tors of the kilns ‘should continie t make themselves more Spark from Burning Garbage . senda 449.00 | familiar with the safety requirements so that losses will be Lighting Fire with-Gasoline or Kerosene ......+.+. a5. prevented or reduced to a minimum, 5 Hot Adie nites. ci cctee case toecias tee reeecsecss 106: During the year the ‘Company has continued, with a minimum Adjustments © ........ fos Deals peeeeves ss ++ Vemmee paseas 5,645.66 of expense to make strides in the right direction by ; the balance ‘is miscellaneous less overestimated 1964 losses out- | its services to the people and always remembering that the standing ‘ aoe security of the policyholders i of paramount importance. - Your Directors again note that a large percentage of the| If you will examine the Balance Sheet of the Company you catises of the losses is stated by the insured as unknown and no | will see that the book value of the Bonds exceeds the actual indication is forthcoming as to the probable cause of the loss. | market value of the Bonds. {In our opimion, there is no cause In many eases it.is thought that the probable cause of the foss | for uneasiness, because in the foreseeable future Directors is known but not divulged: If the probable cause of the loss | do not see any reason which would require us to’! these was See tae roe be eet ae es es " : ‘ worked out w! would proba! eliminate or reduce par- 3 ; oN saving § ‘Your Directors trust the current year will ‘be another stic- aes ee both to the insured | ccssfal year aod will again demonstrate: the benefit Of. the oo. d . | Operative principal which underlies the system of Mutual In- '' Some persons still persist in lighting fires in their stoves | surance. * : y Pa itty: ton ott sectehy sees, a — ->. x , liab’ been stable z "| figure has not varied to any extent for some time. ; = a Bo According to the requirements. of the “Insurance - Act our | J ALBERT LINEKLETTER ~~ cme tT - minimum reserve would be $230,000.00, therefore you, the Policy- ‘< E T. L. LINKLETTER holder's, can rest assured that the financial Strength of the Com- Ee ahaa pany is in excellent condition. ee Committee en Behalf of Directors. STATEMENT OF INCO ME AND EXPENSES ine . For the year Ended December 3ist, 1965 _* __| _ INCOME. = EXPENSES ———-—_-— Sonepat neni eins ; —-- Agente’ Commissions .<..... sovgceee @ 47,2 Net Prentiums~ ....0s00002000; vieeee $ 290,064 Losses imcurred ............ ecdaseeee SORA, AOR TORN oii cscs cccleccaes 30,931 Inspection costs . eee 4 : & Net Office a WU sé Lacs 310 Administrative Expenses oie eae te Fs Profit on .disposal stments $ 321,305 prec on Building . Office Soc eee eae 2 ee 1615 $ 280,588 BALANCE SHEET. cea oreo ae a as at December 3l1st, 1965 ae FOR THE YEAR « eeerser TAPES oe $ OF. | ---- (Cash-on—hand—and--in-bank===>--- oe, aaa —_ % heques.nsnssnsssteness $ = - Spam Notes receivable for cash premiums 2,062 $ 22,883 oleae seease mw Deposit Receipts — Canadian Imperial 9008 Bank of Commerce ................ 125,000 ieee meets et Se a. Gamer Bond t - ciate (approximately se pecembey 31, 194 5/0555 Mag sa a a ia aoe wasceeaan TAB es Market value $282,959) ........-... 313,440 Pe oe Mortgages and other securities ..... 193,917 af ‘605,254 é Accrued Interest on securities ...... 1,170 633,527 Deduct: Net investment in office ‘ natin equipment ..... sbsecsiscacaphuenee . 008,088 .

>

Errol Stetson, O’ Leary Alice Gallant, Wellington Herbert Craig, 150 Belmont Street, Summerside Clifford Simpson, Stanley Bridge M. R. MacLean, North Wiltshire : Alexander J. Robertson, 111: Grafton Street; ‘Charlottetown :

Suspected Incendiarism ..... hdersowenersceasesssyse James I. MacKay, — from Grain Crusher 061s eessts eee 078.00 111 Grafton Street, Charlottetown ~ f ae iy : -

After deducting the net investment in office equipment, as shown above, the Balance Set doc not include as items prohibited by the Insurance Act from being shown in t he annual statements required to be filed of Section 62 (1) (@) of the Income Tax Act, it h as been determined ‘that the Company is taxes, since more than 50% of its premium income was in res pect of the of farming ang fishing Subject to the foregoing comments, in our: opinion, an d according to the best of our information given us, the foregoing Balance Sheet sets forth fairly the true state of affairs of Prince Edward I surance Company as at December 31, 1965. All transactions of the Company that have come within within its power. ars Charlottetown, P. EB. 1. . phe tus , ie January 14, 1966. Chartered INSURANCE AGENTS _._. DIRECTORS

oe

Erle Lowthie, Crapaud

Albert ter, Linkletter Sea sr : T. Leland ter, Summerside, i

Gregor MacCall lum, Brac

Chessel . he, Bracke

J.B. tdwin Reid, Rollo Bay

ca