NOVEMBER 27, 1950

rim ouannim. CHARLUTTETOWN '5

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GREAT

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Brilliant aoiieairelnelaIIkdP sin mounting of MI gold 0'

G- H. TAYLOR

O

Jewellers

llanli of Montreal Annual llport

MONTREAL. Nov, 11 - Passing the hell-billion dollar mark in its current loans tor the iirst time in its history. the Bank of Montreal today published its 1&0 annual re- pcrt in a simple. clear, humanized ion-an oi statement tree item the mystery traditionally attained to bank atateements.

In presenting its annual state- ment in terms which anyone can understad, the B or M cotlnues the course it has pioneered tor six years. Unique among bank state- ments. the report aims to iniorm BJ11 Canadians. and B of M custom- ers in particular, or the bank's op-

iion-dollar resources. and it points up the responsible role or the bank- er as the man who brings together he people who save money and the people who borrow it.

"A special Message to customers or the B or M," as the lasrd ennu- al report is entitled. brings the reader right into the picture ilrom the outset. with the heading; "Your 2 Billion Dollars are Busy.. . work- mg with Canadians in every walk

reds oi millions or this vast sum are loaned to private citizens-to farmers. merohants and manufac- turers-and to public institutions

going to be any pleasure trip. The best we can wish you is good luck. and a safe return to home and dear ones. Whatever oomes you will know you have done what you could to make this old world a better place ior all to live in and worship in their own way.

when oil is over. our sincere wish is for your safe return and now we commend you to God. whom we all worship. on banal! at Your Friends and neighbours or corn- wall. York Point and North River.

ADVANCED PRICES ecuuv can IA1'l'lIlll.ea. sue

IMIIIIBE ILOGK 8 0.

erations in employing its two-'bii- .

Whiskey bottle like this was weapon, police say. First woman in Ottawa's history to be charged

mags -

Sullivan was

with murder. Mr. arrested while returning by car to Toronto.

TORONTO.

Distilling Company's

Nov. 25-(CF) - Hiram Walker-Gooderham Warts Ltd. today reported and earnings at record peaks for the fiscal year ended Aug. 31. 1950.

312,887,822 over a year ago. The company reports that the increase was due to devaluation of

of life." . . The imwmem . . may hum . the Canadian dollar in Sept. 1949 I is no money that you met Lsoomo Financial II9IW"t iii: 5i?iiii2"ae”Lpii5iVlra1312y ii? iii or ' other 3 at M W5wm"5 h'V' ml ' U. S. following the start 0! the -V - ' V deposit at our branches aaoss the Korea COMUCL Q," nation-" and Immts Wt hm" hum" The company, with head office 5 ll A

at Walikerville, Ont., is engaged in the distilling industry through subsidiaries in Canada. the Uni- ted States. Argentina 'and Scot-

and sales

LOANS: During the year. many millions of dollars have been lent to business and industrial enterprises for production of every lrind - to farmers. hshermen, Iumbermen and ranchers-to citizens in all walks of life, and to Provincial and Municipal Governments and School Districts. These loans, now at the highest year-end tigure in the Brink's history, stand at . .

IANK IIMLDINOS: In hamlets. villages. towns and large cities from coast in tons! the Bof M serves its customers at more than 550 oibces. The value of the buildings owned by the Bank, together with furniture and equipment. is shown on its books at

97!!!! ASSETS: These chieily represent liabilities of customers for commitments made by the Bank on their behalf, covering foreign and domestic trade a transactions. . . . . . . . . .

520.051.366.17

gm Hg

18,4 50.7-10.5 1

41.569.661.76

TOTAL RESOURCES WHICH THE BofM HAS TO MEET

- g e a e o g g .” . O2Il90iS29i56I.93

ITS OBLIGATIONS

-- - ":51? "m" ”V;""”.'.:: m: Net profit or 527 925374 or so as 1”"d- s boards to osp an ' ' ' ' i NORWEGIANS IM-PRESSED ed Mm enthusiasm over the db cgugghesp - . p g - per share. and consolidated sales . - . of s3-13122 732 compared Wll.I'l net HOT DEFENCE velopme t of diesel engines. A This plain talk holds good Death of Francis Sullivan. 52. been discovered for the crime. The proiit 6: 'szi.o43ee9 or 38.19 per .fa,': .-I OSLO - (CP) --The six-man member said two hope that our an-quhoui; mg report, breaking above gem” df bl 50-year-old Mrs. Sullivan is daugh- share. and salesvoi'p29-1,112,700 in Balconies iamiliar on houses in mm ' Norwegian railway delegation experience may prove of practical down imposing figures into the .- e mm a ow to the ier or late Richard Gough. part- the previous fiscal year. Mediterranean countries originally Hotel room in luxurious hotel which studied American railway value in development” oi railway mnpze facts about people that they back ohthe head, said hospital nu in D;-jginal mm of semen. working capital was s113,8'i2,1s1 were built so that boiling oil could Chateau Laurier. where ' technique 15” Wmm" N" "m"'"' l'99hm'1u9 in N'”W3Y- reflect. The statement is also iD3lh0108iSl- As yet no motive has Gough. i'ur merchants. in the 1950 eriod. an increase or be poured on attackers. was slain. is shown. brigihte ed b the thumbnail sket D ' .s n v ' ches which have become a terniliar hail--mark of B or M annual reports Y CROSSWORD and D gllllil)-S8 DOWN 13 Habitual Em" miiiilf.2tm”.?f3”u.m no million in a touuook 1pN.".m,, munkud, year. the tbsnrilssdltiarasivitg gisismesa, 6.Exclama grooves 15. Asterisk suvcmmen an 1'1 hi! hi HOW; lion 2. Brittle 16.Weyward stand at s52a.ooo,00-the shes 9.Mare 3.Eetired 19.Scorch year-and figure in in iswrv-ex genume 4, p,e,1dm3 2o,1me1 meeting the growing financial n s W””;.”' ?”.S;., ii'3il2S."'"” B .3... . ”'c'5ii.iTZ5;i23S ifid”;”'3i M has 8 . . ' 11.bI1:un: t.Erblui;n Prlxiilteir (F;-l inozits r;s4.2lvu.Irtp)es tlript can be1qit:icl;8 he,..mg (gym. . a veo g y um n cas are cqua 12. Large pill s.i:azei' Anm s-i..,,,.y,. Mm, per cent or public liabilities. This for-ahorse 7. Goddess 27. Reject liquid position reveals the bank's iisioihs at rudely 35- Show emit strength and its ability or meet mgranchgg death 29. concurred 38. Recline whabeve, demand, are mm, upon dcer's (Norse)- 80.Denomina 39.1-landie d1 "5. antler a.Achnrm tion Wlliw" i Deposits with the n or M-in the 1 . 17.Bcliold! 11.Germa'i-re giagppalnh glgiul-:';'f3' names or 1.800.000 custcirsmers-havf; . . . i5.Devlce to compo - ' risen to a new high th year. an hoist 12. Edict. or running Ordnance am um be ”'om'mo'ooo' an mere,” V anchor; interdiction knot (abbi-.) og 03.43.000.000 since 1949. 1 O e 20.05""! After settling all overhead ex- ' 21.Hebi'!W penses. including stair salaries. cost- lveltttr (Fr) of-living bonuses and pension Iund . . 21 b 9" - contributions. and making al".ow- . 23-DGVWH 1 depr iatlcn 0! bank pre- t 24-B”"5 hiliibs (dlrid proeifision (or cont.lngen- . 35if””l”"" cles. the bank reports earlngs oi . . ' ree . 39,530,000. While this is an increase ”'M'”"”. N r is me. is in me ”'R”"'”" :mgu1ni;(i?d oboe! sl8900u0roieisets th: d Zn 0 2 e pmmd airi Net earnings'ior 1960 total- ”;”()"r.'”d ling I s5.942.ooo mar payments or i 32 add C taxes. are thus up only si2a.ooo on This is the money that you and 1,800,000 other To private citilena . . . to farmers with sea- ”: Hebrew the year. p B of M customers have on deposit at our sonal incomes . . . to merchants. manufacturers month Fade”! ”ld Pigxfwiitl gin”; ”d branches across the nation. Through this money. and businessmen in every worthwhile line of 85. inflamed fo'?1?gog', 5: gnu”? difmmagd iv you are helping to finance hundreds of th0u- eodeavor...ro municipalities, school boards ago-ee1l&n(gv:irI) the bunk in dividends. These. ofi sands of Canadians . . . from the Eshermen of and governments. . .ro churches. hospitals and 36' gnmpul ' the bugs of pl . 51,”, pg, mnum, Newfoundland to the lumbermen of B.C. . . . all types of public institutions. ..hundreds of 37. Quu-genome, amounted to eanoomo. represent- who are busy building a better future for them- millions of dollars are being loaned by B of M cowardly his I "Wm '0 "W 'h3'9h01d9" 01 selves and for Canada. managers at more than 550 branches from the ieilow 4-1113199? 0"” 0?! wmig”-fwd! Atlantic to the Paciic. bank's 3 ar - lbigggl-easionoi amouent to ss'i.49a.ooo. This figure is 1 T”d”' "'”" 1”?" m '"l”5 m "Mm. made u of me money subscribed and more people are borrowing P P .. u ii.Degrade by the shareholders and, to some 1 money at MY BANK than ever 13. Nouriahed extent. of earnings which have irom before. You will nod the story of M. Mooed time to time been Dlcjmled N03 these two billion busy dollars in DAILY CRYP'.l.'OQUOIE-ller-e'a how to work it: aeofbiiaigeagmta ma 0:: 3: ,0 ; mil the him and sgum rim follow... A X 1' ” I' ” ib 'l x II added protection !or its depoeiwrfs. x io1.oNoa'!:LI-OW d 0M W" '"'W "”"" '" "'”""." " "”' ””'"””. A ” "TL Communm Honors for the mug L's, X for the two Oa, etc. single let em. u . trophlel. the length and formation or the words are -. P”. MggAuhy Each day the code letters are different. ggg ty was held at the home A A Cryptolnm Quotation ofAMr'P3:nd M". Jun” Doyle. East NRC o3Nxy3o Nu oacc DKOV PIQQ, :1&;i;tshi;ac;nul:IyonorP(;iint:;P:. 5121:; a pizza or: HQLYBO-DN”c Light Infantry. who was music: 0 C an no AND HER V0” W” ""” "mi '""""”"” 1"" "M M '1" inur Hi! I in iiiis ro ii: r in oniiamons vim Ill! 3 Hi mm to mm 3-turd-y'I Grim "0 i and family. . o E g 9 g 'BLE OF A BIRD. 30 50'” M SWEET so DEuCATELY' A most enioyabie eveninl was CLEAR-BYRON. spent in dancing and social con- CASH: The Bof M has cash in its vaults and money 3 DEPOSITS: While many business firms, manufa uuzn. V9l'lIH0n- 5 V”! ulvuni 3dd"” on deposit with the Bank of Canada amounting to Q 225,417,399.” merchants, farmers and people in everytype of busi- Di WIS "Ed by 14”” Mmnmuld H; ncss have substantial deposits with the Bof M. the WW0 A-ndxew Mlcswlwm 9"” MONIY in the form of notes of. cheque! On. Ind ' larger part of the money on deposit with the Bank is epzggz "mm. with " "wen mud deposits with otherbanks . . . . . . . . i50,9I7.5B7.75 the savings of well over a million private citizens. ' J” ' . 5”'"”3 ”P"'"d W ”l""" '0 iuvrsrumrs: TIieBofM has overabillion dollars We mm of '" depom " ' ' ' ' ' ' ”'m'”7'm'o' , p 7 3" '"l1:fgl'”: 3 gfufe” flgflfgiozl; .-,...,..d ... h.,....,,.,.,, g.,.,.-..,....., bond, ...d cu... y omsa i.uaii.mas: Miscellaneous items, represent , . soonh . 09d 9;. 1 d1 public securities which have a ready market. Listed 5' i"5 main” mmm"m""5 u"dm'I"" by 9" Bmk lugfsuoxiagguiiv thebyaddresa. at on the Bank's bdoks at a hgure no! (main Ibmi their M b'h'If of Fmmme” in theh fmeign md d”"m'jC ' - ' Dem. surunszgyour "had: and mad" WI”, they "mum (O ' - - . . . V l,ow'Mm6o1." trade transactions. . . . . . . . . 40.01.8745 - neighbours are gathered here this . TOTAL OF WHAT THE BofM OW!-ZS l'i'S DEPOSITORS . V. evening to ahortkyou tin a mini! The BofM has other investments representing AND OTHERS . p ' . . . , p . . . . ”Jo3.03o,660.61 5,1. ' -p I, gayn oar eaniilprteckili. mi: pug, mainly short-tergn credits to industry. These invesb nu,” ,9, 1, To PAY ALL 11- owls. THE B or M HA5 TOTAL mg. , i ' pm. .1 ".1. ,,.,,,.1 m; M, ... ,,h.,, "'--'9” "”'"" " ' ' ' ' s ' ' ' -i I ' ' SOURCES. AS SHOWN ON THE Liar-'r SIDE or THIS duty calls. It takes a lot 01 (shall cm. ,.M,,,,1-... 30f” ..., an 1...... ..h..;. ... srarruam, AMOUNTING TO . . . . . . . z.i9o.sz9.36s. ff "lgjdfltfiflg ”d"f””:f.ff if fully protected by quickly saleable securities. These wiiicii MEANS THAT run Bof M HAS RESOURCES. an”; fmh the mfl. ojycommumm; 10..., .....,......., , , , , , . . . . , 67.912.596.98 OVER AND ABOVE WHAT IT owns, AMOUNTING T0 3 37.493.708.30 allover. even inourownn. A . , -' WCKLY IVAIIJILI IISOURCII: Th I ted bov . Q - i ' :(r,i::lnt,.hntg:n;ufaavx-G :i:mE.:::, qwhirh can quickly be turned into cash.Ccbeirs:rm'7t:'7c:lbf all due: This figure of 887.493.708.30 is made up of money subscribed by the shareholders C those to volunteer know it is not the Bank owes to the public. These "quick assets" amount to . . Jl,602,476,SBO.68 '"d' m wmc ”m"' of pmms which M" (mm mm m mm mm Plough”! b"k M" "'9

business to broaden the Bank's scrvices and to give added protection for the depositors. a e 0

IARNINOS - After paying all overhead expenses, including ital 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 ofM reports earnings

for the twelve months ended October 31st. 1950. of , . . . 3 9.536.897-69 Provision for Dominion Income Tax and Provincial Taxes . . 3.S94.000.00 Leaving Net Earnings of . . . ' . . e n . . . . 3 5.942.397”? This amount was distributed as follows: Dividends to Shareholders . . . . a a - e n - S 3.600.000-00 Balance to ms: and Loss Account . . a u o . 1:341:37-69

BANK or MONTREAL

1817

IN EVERY WALK OF LIFE 8l.NCE

H -.,' --A I . ii"