OITII

lllielneed it.

_ DIVIIBIIIGATION. A APPIIOIATION POBSIIILITIES, - AND EXPERT INVESTMENT

All I0! DIIUIIPTIVI OIIOULAI

F. J. BllElllllll 81 BOIIPAIIY LTD.-

l. M. liAGNALb-lusger Charlottetown

AN SUPIRVIBION

Telephone M10

lo per word; 0f Floral Ind Spiritu for 81.00

Central Guardian locals. 5c pe Announcement! Claielfied, 8c per word;

Advertising Rates-Payable in Advance

Minimum Cher-n For Any Advertieernent l6 Cont: 1

r woldfweeiiern end Eastern local! end Coming Evento, 3c per word: In Memorien! Noﬂcee. 10c per Inch; Lisle

al G0

inn of Condolence. 70c per inch; and 10 cents for every additional S words. Notioee of Thaniu and Apprechtlon. 10c per inch or 4c per word. List; of

inscriptions. 40 cents per inch. Addrele and Preoentotlon, $1.00. Other rates on application.

CHI!!- elv-i 5o per heme; bet- Wﬂlﬂllll "illlencnil. 40 word!

Howe-rd Barth

Montreal Exehenge

s8aarabsseazaiaasss:siﬁa:zﬁzﬁépgszaasﬁzepzy-QQQQQ5p;

For lele 1t “Sous-in \ I Relldeneo on Main Street d l u “mill! loin in residential heme.‘ n n. For further parijculero apply to 1 MELVIN J. MoQUAID, Solicitor, . Swirls. l’. l. I.

Beth lzlteel .. Ii Y Central .. Ghee and Ohio .. Con Edison General Moron .. __ Generol Elec .....

For Sale Female Help Wanted $5,, 5% , ron sous-cm ~ _ '* “m "er-- hay. Edison Douglssfwiuﬁfbirrlgon wﬁgngounﬂqyntllfillrggfetfn£uib Cagn 111d M A

2-15-21. ply 24a Fitzroy Street. 2-1£§'.1§Y,,DNQ'§F°I FOB SALE - no. 4 HALL Gnu. WANTED 1M1 PM

’I‘lu'eaher, practically new. A150 housework. Ngosgialtligllflllgdﬁsnl‘ P°w°r H95

“"8109- Albw Gallant. Oyster Apply to 80x N s Guaxlien ' 1 l1 Tub 5-8

Bed Bridge. 2-14-31. I ' 2_'2_ _ B C Powey _ 7; _ FOR SALE - LARGE GANDEB, WANTED _ EXPERIENCED Co“ 8mm m

2 your old. E. Ryan. Lot. 40. saleslady for country stpre Jghn 5-1;?! o‘ woods

245-“ °'°°""°'- Have Rim- ‘2-1521. umgywﬁinn i1 —— won sou: - 2 orncn sm _ 1142C 11 m 1 ‘ . Tmmm» "b- "1 — (C?) —- witih ﬁxtures. also quantity K118i wﬁfcﬁ] HUQULEEKQEQZPE“ (l): Nut oﬂteel gar . 12 stock Qmtmmu-

linoleum. All 1n 000a condition. rs. .1. n. Stewart, 131° $151111 c" NW P“ 5

Dr. Ayers. 2-13-1521. 1111101- 11000. Phone 1493. 2-13-31. game? 7-8 “i” 01°" you sou: - awop Boner: 4 “e °"‘ 1" aaoom '

years old. broken single and dou- Male Help wanted gggwlfsml‘ 110010501 C111; "134:

ble; also ilily 3 years 01d. Mathias ‘ n“ l" 600011411211 g1

Murray Nomi Wiltshire. 2-15-21 w“TE”-L'5T B°Y~ APP" w """"" " l" 3700IAm11istlc '

Guardian. 2-12-01 181 Low m0 1-2 8° ‘you SALE ___ MILL AT MiLL Tgxﬂlo 34 ‘owlknttx --- 50

Valley with J!‘ without rotary. 51x52]; wglﬁgrlltlilﬁlt IQOBTHDOm I'M‘ -- llmliﬁiizoiexl. l 3g

Apply Melville H Weeks, Pred- “vim tinny“ wor wamhwpg Elec A 1'4 5800Aumaque "13

erlcton, P111. 3.15.31 m 1 ° ' .. r .. 5°“ °! o"! 14 mo‘ '3

s exper ence to A. L. 31-05111“ H unor .. 0.55 Personal Gm m’ “H” 19:83:31: m ‘£2 L

snmvnon runners um rzr- wanted ‘Z-ﬂﬂﬁflfﬁ" g‘ r0011 ,2 11.0- 1.00; _ " '1 .0.1°0.01"=:. $112.2... 1” "$15.2"... *° "l" The Markets "?.%'.%1f:f::.=. i2 2-1-91. ___.____'_____________ 1520MB,“ Dam 40

H! surrnms runes: WANTED "‘ ‘ Gmmm- u?“ “Wlﬁlﬁldu . ﬁ mus‘! pm ‘(m p 11%“ 01101-100 smicn, A GRQIRQQ 3001115011 0001 .12; - - - . Bull . 41

lee 25c- 24 Am _ ._... 1111:1014 b 1. uﬁPlﬁfsov-ltskiolt)’: Wm $2M lnnou- '22 ber Co.. go: Hamiltonl, 0% Joseph S. b01103, léorthzgggiklg: WLNNIPDG. Nb. 14 -- (OP) - 3500l0aluwnt. '33 0" 2.“i‘i"..°°.;‘§.i° isrmmsv“ .2.“- 21.100121 11 Miscellaneous WANT!» - macaw’? Form 011-11010 1110110 100:0 001i: $11100? 4000 c0311. 2?, "Illllrﬂidied rooms. " " " "it... ""0101." 1-21.01"? m‘ “ml” “" °“‘“ Mm"- 910112211“. 1%. W“! a ‘l B" ouncnno no 4 .. ... 8300IDo 1 '

w _ _ wmrnn - BY COUP n, - . 1 (or) na da. 40

"““'B °“"W“‘“' gain“; M e-cih rfgﬁs or 10000152.‘: grlafllgncmez band 00:11.21? oom- iggoog}: Ag: t . 1n f 44 n t a §

Lost, Found, strayed Guilt-dint: ' Wm‘ ’§_"1§‘1',_ i r1000 100101-111; 110m 0110110 0113:1111’; 3050lEast M01 nou _ uArnAw rox. TAT. p t 0 lime?! cloee molt. of the flkgiggdeﬁuilivan

nrd» Econ: mom. e s Wheat. corn 004 may 15101100 906111-010 011,5 war 0...... "111? .111 Yo“ m m» ‘ “ ‘ 201112.122‘ - l:

— . Pm 11pm m lvmrer. orlt 111 t- -6 r331 u ~"‘"1'§,§°1* u»: m- 5.12m“ .:*P.."i*:.:'..°:1§=1.1,""?1;;“=i;;- 0ﬁ°il.‘i’“ﬁo.ftz”-il.tir..i°'.l..z; $10.15;“ “.2

w . , _ .1 ' . a e .

1. h w m‘ l1..""..'.':'.*i;.=.;1§ P51290021. M"; “81i.“‘é§.’.ki..°.2i“"...0..'“‘2?:.!’°$:;* ?"..;.;10...°1"".:* " ' ' - lfl - _ 6'1

eac ers anted git-POL?‘ ontrtli; Raadiiilghes Drug The respect of e scaling up o1 55001001111110 35 1.2 wmvnm_ “Acnlnroignlcl - -. e n ros. 215 31mm requirements wee men- 000Gold 0r _ m

point 5cm“. 575m supplement - . ls e possible elpleneﬂon of 4000 Gold Ea: __ 17 1.2

for m” “minder of the Se” n the current weakness. . 6300 Gold Hawk 133

M“ Neg; Mugachem Secremﬂv: d Bome 0f The senior oils, inciu- 3400 Gold Mon 2,30

' m P" d“ 1.:.2.§:::.-=...o:1"1e 122.1: 1;. n - O

G8 0U, worked h er. 4000 Hark/or N 25

Tho report t st Dickauon Rod 5700 Han-icon ’ 2a

___ e hed cut o rich vlln spurred 2038 Halon. .. '23s

Murmur‘ Fab u 1c ‘adeénand éorarilzeein 381:; B11516 ti): 3700Diedlcy 2:15 Produce 01100; quoted nlrécﬁdf urnover 0i 70.000 shares. Other ' is

w reported by the Dominion new“: live golds on smaller nine in- _ m; ment of Agriculture follow: uded Bevcourt Lunwerd, News, . o9

» P h“ arlecons. end Wright Hnrlrcevee. 4g 1.3

E5655 11¢ for export A . 00

Large s1; A Meal u. ruiw YonK. Feb. 14 "- (AP)— 33

, Stead-y employment. Good cases: A Largo agull-z-ziéfpnggaigiti: “a “W” "° u" ﬂllvinz aide . so was» and 11111-0 0000111000. i‘! m” ‘ “m” °°= B =1": <1 én...“¥.i0$“'-0""'0£‘°€0.”li0;1‘;'§ " ‘° Qlilllilel, for both married Bweiptt: 1.214 bones. 1s wmcwnuc timid 0'00 10p [nine coupled and single men, in "mm" *4’ f °' "m" "m" W" .. 1'1 Pr‘ Ed BUTPIIR: Wholesale Que. 101,. '° “"4 m M mliority or instru- 00 nee ward Island. hing pomw-Md mm and storage ce 0c c110 close. 5;

_ _ No 1 36 1-2: No 2 35 1.2- curmm: is finished around their but ,5:

For further informauon receipc Que No 1 pasteuhzed w as b01395 revived that s otriko set- 1,33

11y t " 04 del Mtl- N tlement would iollow the release

a" . ‘my first grade’ 3102mm.“ 3'4 -d°l M“ from lhe White Home of the iong- £3 N wine as; 00M. 31, y prints 1°“ rlellyed pay-price formula. Bethe- '15 ATIONAL R-coeipte: o boxer 1011001 ended up ! point while us. ‘w, EMPLOYMENT ' our?!’ 1111101100“ $1.1m 1 u. _ ‘y, “"1538: Cutout eipts 55°” P"! 3

OFFICE ern end Que. 00101-3? 32' nverllﬂ W" “D .5 of e point at 1,5:

white ﬂ FOB; wnqleme muted‘ 71-6. lini- nin nincc Feb. 1g;

2-1521 12 13/1“ 1/111. white 251 3-4-21 u 1-:

_ Receipiz; 1n 1,0,... - Moummr... no. 14 - (or) - 11

Ewvd gym strong recoveries in 43

POTATOE: 75 1b m“ No 1 quors Dﬂ-Dcrs. neuritic! gave 24

- ~ Que. P11. ' o firmer dispi 0mg ma; " For, Sale ...".1*..:.:"..:11.: 0 u» M “ .01 001 111 215.233‘ ' - Morkezhthﬁp prcvio myhthi! week. "41; 1.1 XI Q ll Tl,

Producte of 001100100 v00-110001 Wrdnwlwiq geliy "10500100 1110 ‘Irhlriin; Work slum. 011-1111111100 Bonus cozvvimr period of lhlrp declines Wnlknr 111 Gﬂilmd! Brlshton Bond. Thole moy __. Preferred went to n. new hiph md 4 33 be obtained by M"!!! mhllly. Honor Roll of Souris Conv 0 1 others better were Walker Oom- " 115 DI in: cnehond ta n] awe lte January 1946. m or mcn Suxriims A100 “A" end "B" l‘ I lulu Purchased. 0011mm m- Grrdc XI.—1 110100 M; . 1101100 12101111000 Mel 11 " m tional Tralnin- l; e joint project 11f Bﬁlhodette McDonald l/fasaml“ 2' ferred Label-t N t1 c em Pa‘ s? Dominion on Provincial Govern- Innis; 3. Alton McKenzie w ac‘ d 1'01 1,0 ~‘ ' Q m“ Bremen" " 1° ma...“ Grade x__1_ Ramomfpetersv 2 grind 0a 111;“ Cnrxliedinn Brewerie! 1.12

us’: or‘ narrows Afgggdgugpbeil; s. 1101110 Foley’. ' 01100 0011101100101‘ Zugiiziriiutrfigg 2211*} 4

a Giana some“ ht " ~_- Emil“ MCGa h: d . ' ‘

z Medicine Camel. splint” 1'33"" ‘Mimi Marlin o“ ~- 93

Jig “uni s r ' VIII 1 Gcrtrud M 1: 11g

e Illl h P‘ - o c on- -- luam > 12." 7' "n " "' ’ ﬁymfd *g°l°gaggl“l-mlr<geihgrdge w- AgfnifrliﬁuufnAmﬁiiﬁilzligeo I. ’ ' - - ~-

4 Window mun. 4 11m 18" Gglgh-QMVI Bell McDonald. c M" "El" 1°'°°° m" "°- 4630lQuemont 21o x ll". 0mm cram-l: Ellen Mullnly: 2- ’*°“ e000 Roche . 17 "l" oouu Deer. 1111-00100 2's" 0 GM, v__1_"ﬁf;h“B-§::5 glnrrznnr: _ 3068mm Mm: 13g

‘fwindowwlhnio! W’ x Winn‘ crggdiee; af°lmnﬂ1“.‘"§,§éo'o 1d I 00:31:12? '20 " 3'" "Wlﬁm" 2 Eil ' . "“= mos ca: 11

fognﬂeféidhcbonold, 3. 51111-10,“ 8:?“ m2 rode 1v.—1. P wooishewkuy 5:1 11d: 2.10100 Pequetlgtgcflinelvgflleaisjirre‘ Th“ "W! at St. Mary's 11110151100011. . 1.1a vvzgirria-iénouyiognq, - Church, Montague, l; for u" emooieucen . w (25 can, lgFD5n§{§9“°' use orf the purlehionere only. ‘ 1g; PIM- e P . o res . GJflde 11.53:‘. 3:12:11» 111091100; pa” n! 1 “igg ' origin‘. 1101-101 Stub- By order of the Trustees, 2: credo .- ' - n00. , ,}-,£‘;1;M&;;£~. hi‘? mums 0.4m, 0073 ME. ’ mum._ Jump Bmld, Chairmen __ M 1.52 so 90

‘ITIIE. CHARLOTTlETOWN GUARDIAN

sroéx QUOTA iioivsj

FIFTY-THIRD ANNUAL

REPORT

OI‘ ‘l’!!! BOARD 0F DIRECTORS For the Inn Ended 31st December, 104i

To the Shereholdern

Your Director! lubrnit here- with the r mnclel Statement of your Company for the year ended 31st December. i040.

The Net Earnlnp were I100.- 31315. 0f this mount provision for toxe! consumed 886.000: dividends. at the re ler rote of $8.00, were paid. !n the bllance wa! added to the Proﬁt end boa! Accculnact which new lien st

$28.82 .

This year new ihe end of world War No. 2. Ito aucceutul prosecution culled for the meri- fice of many lives ln our gallant armed forces and the best endeavours of willing civilian helpers in many directions. a‘. was part of the price of victory and as we turn to meet the piohlem! which will scccmpeny our neg-found pence, we lbnli have n d of all of our courage and patience that we can muster. There is no easy way out. There are still large expenditures for demobilization Ind re-establlsh- ment of. end on to p ed men to be met-end they will be gladly met-end debts neur- red during the War. which Will constitute s mill-stone around the necks of this and more than one succeeding generation. Our duty lo to face the problem! with stout heart! and to overcome them one by one l! they erhe. That can be done.

We have bed much plenum in welcoming home from e war many membe Company‘! smr.

to e

. We feel lure this task has been accomplished, and we wish to acknowledge the debt cwln to thorn members who did ouble duty in the ebunce of their fellow xadleiels. A! a after the normal distribution of expiring Truatl. the i8 increased by $4,388,292.08 durln! the year to a total of $08,988.- 01440. which constitutes s new high record of busineo! on e

k . boo I of $6.000!!! we! writ-

The sum ten oﬂ the account Ollloe Pretri- Safe Deposit

ises, Vaults and Boxes, and the Expenditure on Oﬁlce Fixture! of $4840.03 ha! been written out. in its entireLv. An amount of $8,004.00 wu used for writing down various Capital Account Aunts. Again we recom- mend ! provision cf $5,000.00 from the pert year‘! esrnlnlll toward! the establirhment of the Stuﬁ Pension Fund.

The Mortgage lnveetmenie of emountinl to over have continued to be edminl ully. with due regard to misting the borrower: n11 far u pculbe lr all cases of adversity. 1n env event of arrears of interest arising an Ccmpuy Mortgllu they. of course. are into Earnings. All Morztliiggs

. r - l y

revult of the year’! operation and -

not taken.

r0} #1110 Year 194

1110100 1101:1110 1

FIFTY-THIRD‘ ANNUAL REPORT

Adding another successful year to ! long record of continuous prosreso. tho

Fifty-Third Annual Report of The Eastern Trust

Company was presented to

its Shareholder: during the, Annual Meeting held on February 14th. 1940.

Notwithstanding the inevitable handicap! r trols and heavy. complicated tlxatlon,

greater and stronger institution than at any time

of'$155,313.15 show! a gain of $3,484.75 over the twelve months. 1944. to $88.988,014.40, s! increase of $4,283,292.98 l; molt gratifying, and

eoulting from wartime con-

cur Company enter! another year e

in its history. A net profit eamlngs for the preceding

Total assets increased from $79.004,721.42 st the close of revealed by the 1045 Annual Statement.

Thin the 1945 total constitutes an

ell-time high record of business on our Company’! books.

Testimony to the eﬁlclency of our advisory increase in the ‘number of clients, large

senior ofﬂcers for advice regarding the highly

which confront them under present day controls and _tax

This familiarity with dav-to-dey conditions. merit and our experience of more than fifty vearl.

and small,

service ls seen in the marked who have consulted our complex business situations regulations.

combined with sound judg- lccounls for the strong

management policies which have carried this Company successfully through

another diﬁlcult year. and enable us to presen covering our business in 1945.

t such a favorable report

?__‘ — LIABILITIES AI$TI Capital Paid Up 51.000.000.00 Dominion, Provin- Reserve Fund . . . . .. 400,000.00 elel. Munici e1 Reserve for Mort- !nd other Hon i 000,943.10 gag . . . . . . . . . . . . . 71,089.71 Stoc . . . . . . . . . . . . 94,101.00 Profit and Lou! 1.0m; on Mock Acccu . . . . . . . . .. 3.01114 end Honda EH86 Provision Aﬂlinlt Mortgages 405,210. 1 Liability for Tax 84,889.06 Accnmy than“ m Dividend No. 1'19 dill Max-tn‘.- ‘n d 312011946 .00.... 10,000.00 Bond. __ ___.___ but” Reel lei-lie Ield for Iele 1.00 "-1.12. e " $00001: $1100 ncccocc ‘ Advance! to Billed. ' hut! ﬁnale: 110.5008! Geek h Md

-----c- " LNJMI

rumour -——-——Q 1.00.!!! rnvuennim .

end e001- .. . 13,101.14‘ ﬁfiéliﬁfﬁuﬁ anion ocrom ron mveerurwn c2‘ §m:”§..'.".°.' 140.com nonhuman ......._.......91c,u_c._o1gp —-—-- 10.01010! . "can "'- '1". i!

are under a Committee of the Board ep- cninted for that pur on.

The Operations an Records of the Com y were subjected to the usua eaumlnetlo! b! “l lnspectln: Ofllclels of iiie Do- minion Government and other iurlsdiction! and by the Inspec- iinn Committee of your Board. All items of the Company's aueis were examined by our own inazeetion Stall end Auditors. an the Certificate of the letter l! uﬂsud to the Report.

The Public continue: increa- ingly to utilize the Compsnyh Facilities and Stall. There are today so many busine situations perplexing to lndl duels but capable of utlon in exper- ienced hendl at the cell on the Company's advisory eervice in lcular alone etnorb! a time of several

nhuee continue! to the policy of the Company 1! alway! to give e highly efﬂclent servlcn ‘to customers lergo and

small.

With profound oorrcw your Directors record the death of ~1101r late colleague. Thomu l‘. Tobin, K.C.. of Hallfex, Director since 1016 !nd ! Vlce-Presldeni 0i the Company since 1932. Mr Tobin's interest in the Company's fortunes never flogged. Ind hi: wise and always careful counrel! contributed in no smnll degree to placing the ccmpnny in the eminence which it occupies in the Trust Company field in Easlern Cumin.

Your Director! wish to express their iipprecleilon oi the lo |l and eillclent service which he membe 0 of the 8t!!! hlve con- tinued to render in the dileblrge cf their duties.

. Respectfully Iubmitted on b4- helf of the loud.

I‘. l3. McCURDY. President H9"!!!- Nov! Beetle,

am Jenusry. 1040.

Stock! d Ioedm. . U " Moﬂlll-a 2s mime B MQMBDS Ill DI! and .. H.841! ' ME?“ u amur lsrngﬁcngrgnvsro AND 110? ‘ Estates, Trusts. and Agencioe 10“§‘0010q Value‘. 4.500.417‘! under Administration .. 471.006.709.00 .___..__ umggn 088.088.014.40 53335411444; h i o“ IEBIBVI FUND 50c. 81 Iy Balance . . . . . . . . ...................-.Z‘.2.. I 400,000.D - ii

13%

h T m 1 i M an IOWOFIT AND LOSS AOCOUR‘! 0 “I IyDv w 00-17. 1045 llylal DQ011044. 8,001.74

_ Ci ........... .. 011,000.00 - not?“ after m}

Qulrtnrly Dividend No. 170 W u“. Qg ﬂ doclmd and d Jen. I. 1 20.0004!) _,‘ wt, Apﬂiggf " 8g: LET. wnlﬁ 3:066 #8381? l :3 m ogcéogrpmr’: u! a1: 1o - 1100010 Written n0“ .. almloo‘ 0 ~ 0 ~- '-~' “ Provision for Taxeo . . . . . . .. 00,000.00 " ‘iraniferred to Staff Pension . Iund .. . £000.00

Balance .931 g4

We certify tli t th f i to condition of $110 8013110281103"?! 0'110’1§§.'°“* h

. J 28,8211

rroct and shows iruly and clearly the ﬁnancial

. . . n - 5:: ff AMllaglrihnaiiﬁi-ooid c Sgd. I‘. ll. M. JONES. General 10.011101

AUDITORS’ CERTIFICATE ,

To the Shareholder! of THE EASTERN TRUST ihli:

We have examined the Book: end ACFOuMQ 0g n,‘ gum-n Tm; comp“, ‘t m

Head Office. H lifa . d i. 111 ch 1 110110 00011 zumiznouxvlfirn 11:0 10:01 113333123°K2;,.,£°'2,§°§.,:{“,,§$.?";$f

" anche! end end 5t. John‘!

Nﬂd. Branches, and have scce ted the Certificate of the Company‘; 1m “w; 1°1- hi,

eudlt of the Toronto bunch.

the Chu-lotteiown. Mon ton 1nd Breaches have accepte "if! Ihlvtcior for Toronto Branch.

epithet‘: ‘unified the Securltiu e 0n

m0 10001 Auditcre‘ ‘yafrciyigtigm cumm" “d m m‘ “h” 0010111100 of the Board 1n 0000001 hwﬁﬂ";:mj:lllol;gce

We luve been furnished with all the ‘ end ‘ ' 0 h ' l lnd in our opinion the Bahnce Sheet of Slat December, i045 lubiiiitted X00013. l!‘ pro;

l! drewn up l0 s! to exhibit e true nhd correct view |iven to u! uid u ehown by the booko of W: “ammo” “q

!ir! at 81st December, 1045. a

llelifex. Nov! Scotle, l1 hnuery. llil.

[In

the He! Oﬂlce end at

“mi“0'"‘.t"'t .1.” PM...‘ “l” I 9P0 0 O M! M! Prvvmy 1101a.

of the mu of the omponyh

JOHNSON. 814111! 4 CO0 Chartered Accounilnil. Auditor!

BOARD. 0F DIRECTORS

r. r. mun. Ion“ "fPgn-err-u see. n. o.

.92” .. ~_-_ -_- _n:ﬁh ‘rein.

He?‘ 1

' .1" ‘c. c,

eaplenstiono

0H5». 115101