DECEMBER l4, i927

I .

THE Cliifikflfifiliw“ GKAQEPEF‘! .

__ s__.,~__ _ -_ _ _.i_.

I . and that unless railways are permit- ulllllllull lmelll. on llll, .- . -. ‘iii tiic countivs industrial "twaken- l..-|l> l||\\:ll‘>l.\ iii.» i’ -- l - » ‘ llhas found an outlet in pubht loans . . i - ‘ .‘ . . . lid l0 l - _ . l‘ . - I puvnqpa _ _ _ . v ~- .< _- ~ » < ~_» "P l i . l|lil| I m l . l mp0“ 931N339 9031035 00¢‘ changes lllLlPHl and lhtylllUle llll- t0 dOl]ll‘>.i\' tutti iuieigii industries mg- lt° 001".‘ l‘ m9“- a“ l‘ al“a"slllll/:tlllli i .-..l....i....|il» iiilti .ii,t.il..

» » t [l"a‘°t°'"alf“al" °m°l°0°Y0I0D0Ta1poitzuit iacturs in the trade and and govcinnicntiil bodies. A persist- 005 0°90 w Plmflde 9""? possibleflillll iv lli-llflw" i-r t-lIh-lmi \' » 000 00010 Bleldflfeitsltnflble TQCOIII-lccoiionuc situation bearing on our em. upward trend oi sectiritv inark- 0555mm‘? l‘) “gm'“l'~“"’* Iuh-rlt I " . "l"'lt II|<~ |'|'"-*I"' - _ Iron-fit‘ to their Proprietors. commerccll-elllis business, elslu m.“- lmllls has l-ellegled ll, I may add that the present yearllil . k wt ‘

I

ll be impeded in movement, to (llBl some elllelll me gradual “slug o; has witnessed the 50th anniversar l l . v - Uh‘- _v . .- ‘ I I i

122m Two. u _ _,

Firspthen. in ttvo fundamental ffi-lfllQeyekl l-glteg and the growing pres- Jl I0!‘ (‘Slimlfilllllem BI Wi00lP08 Olll ' . l _ l l _ _ _ __ v v _ lspccts. earning power and liquid on; cl guypllls fund; segkjng prom. tvcitr hnnlts filst branch west oi thelilv _ l ~‘ l“ ~f‘_l‘l'll‘,l{l_vll_ll_ Business in the L-nited States. lsll-gngth of resources, our position able llll~esllllelll_ The ca“ loan tale great Lakes. the confidence tthlclit. il- lllv l null. “lllqfluu ll“, . ._ ‘lax X5” ll.l.lll,lll_iil\ly llm _ _ i H ' _ _ v _ _ l _ ‘ccntintics highly satisfactory. Never! (m; ml. veal averaged 41g per celllv .he batik show-ed in the potentlalitlesliil.l.i..\~.. ..i iiii- .lt'lln|| III ti..- iitt- - -" ‘ junfllll,‘ . tt-ii-ible cold fl e gm {E0 -!.*::>.=* 411:?‘- ~€Z“ .=-;v-_ The present prosperityof the Unit-lhave we been better prepared to care! ' .17 per cciit in i526. Bl I09 PFfllYW-i at I001 0M1) K1810 llt\*t-\t'l'l»t"" '. I w" l< .- - ‘rough gem"! er fit Séalcs $981515 ltilasedl or}: a SOUHCllfOF all the normal needs of the pub-‘ j i - . ptll" important bllflnegg Seen moi-c than jlus 'fied._ arlld cvi-l“ IILlTll-tllIlII-i: “I A . ~. l. i lIII-iin“ Ill ~HI3II.\’_IIIL'II;I lgedsuoiv. Every. _ tun a 1011.3“ n iougit emarkcdIIi and to meet - b g . -. . .. .- ~ - Z cnce of cur cont nuin Iait is ‘0"_‘ '_ i ' . _ ' . ti; t 01' I 1' I not e ' upward trend of busi ess prevailingififirtiicial o-igeiirv. m“ “Hm-sh or”? 1'1"‘???ifflhiziltifilleéilfifiiéiigwtlllg<be [W00 l" m" llresenlgchal" °l lhlllftlp-lli‘ |:l|‘l~luI'l“l||ilt t l“ 03"" h" “n! WHQY- 8 em m 01' last two roars as eased‘ oh.‘ ‘ ' m~ -1 it; l"1ilii_s whtch destrovedalbthhvhes throughout the IhroEItti-t iiik. i.ii' " - wt tlii-ii unit m the drug at there are definite indications that thg- At the close of our bank year. total. “fol ll“. Clopglll val-lollglPrairie Provinces. t-.i ii_t- ii... ti"... u» llltkoll llll. clerk if h? knew 0?’: m‘ ..,»_ _~. i. . I - _- ~,~ » < v _- _- _.v_t~ a -_ '_ _ o. M“ not.“ Amml“ (l 0 ‘ml “"30 ‘hwlwj s5"“r‘u"l"‘c\\li‘ll “nu how's U“ Itliébuubb SdubU-‘uory (Onqnilqnslalsisgts Mood apsslslfioogou. fan-d '0“'Jj5u'ic1‘- b“’“le*5 hi“ “wed a mm“ Summ-“Ig up? n ma) be bald tmnll-i-iiiilllilli "til" “(‘;|.|4'l>|\ I . t . Iliiiti! Ktmil lie could Rive me He fme _ vvl __ _ _ _ _ _ .it nnu obtain uill be iuaiiuaiiied I 1b 01000111 $48 000.0 0 was lli. “ll .. l. “(l uwtdo -.- llllllllll-ollgll. the business situation in Canada ' - - ~ , ' old o. t..t ~ I tilOldLls ul tht Bo l t llt‘l platt .l.\l)Illl-l])i1l gram Dw- iiiic‘. that itii-"hei- XIVTIC-"Qtp grlnyfll litiuid torus-cash call loans sectirfl ’ ,"l‘all"lll,ill“ " - was never more hopeful though I rm" ll l ~ ll m“ “mm i- ... . ,. ,.... - ,, ‘ ~~ .- ".‘ 2"‘ l t‘ “.' ’ _ ~ . ' ‘t 't~~\ ~~<>' ‘tlflllliihll lulu iii .li. Bond LUKE‘! c! tiit 'l)‘.‘t)\l!l(i‘.\. Without 3.3- lllnl- ht- Qxpmjlfd. It Ls‘ not a l)l'05pel~- itles. or other items readily realiz- out K ‘I’ should like to add that no good cant.» _ i... _m' i_ ‘-~| .‘i\..",.‘.‘.pit‘it|. ‘.t l Dr‘ Wood's H": H00 (Wifllr- 1'- Iliill‘ 0t‘ >010 J1 ‘It o< butintcotts as that witnessed 3003- T0959 $00k 055900 901ml 03773 CCll".\‘.L‘l'\‘li1l failures tit Canada for come of discounting the future toofurv-tt -- t-I r ctr-t I-ttl I M“ ~"'"II" I < t~ " t) i iirine: tlv 3G1 vcax t‘) ' t1 ' i er cent. of our tot l liablit‘ .- t - -. t l“ ~ gyj ~ ' ‘. - _ » _» v ~I t- s. -\~' = lI"\'l =\~ >0" ‘P S. . h3g3; lgugrltgtl; gctngiglgl“... ,,.....i.. 8.... u.....i;,,.c,.;,,;*;,..'f.;§;§;;eu... jilfifi. i.9;’...‘“.‘.§‘,..‘}§;‘;‘;. §gt..igl§h<*‘.3;";i. §';;;g,§;,=ia;§"§;;$;g ‘ ..._...::.v '..'.. Norway ' 3 Ev sip Vin-tin: Alert-duh A . . _ 50ml. Clllllv ' desprcittl prosperity. It ls a signi~ Bl P051000 03 ‘V0300 F001‘ 300K l5 with ‘ £85 1rtiliii~ ~ with liabilities oi Lllld a svniptoln of the some over-ill, ' ‘l1;f""l' '" m" """',‘ "' Us, . Pl". - . i iii--

‘o take tht- . __ _ '_ .5500“. lllelllgov null rite llOllgl that profile oil lgrg? maintained. ‘8131471000 ll‘i i9" . tCllfilClfllfiE that got its into trouhlsvti _ -, v_ -..~iti ss t nccrns are or t .t . . in t i0 ast. - $3‘ part on a tnorc tnoderate scalltc lltgfilqll l our "Omnlelglabl m?“ ‘ID aCotzliaada) galll; .;.~_-,-,lllg>, which are \lS\l-flll\'~ The Fppectilaticn n'o\v st) itittch in I‘ . _ . - syrup »~ ‘ _ . . -s.-- l._ - J '1 _ I _ _ -‘. _. > .- _ ' , v v. ._ _.__. ll l ~- _ v _ _ .1 i.t“l n, Ivli‘. l-l. l; . ' ' . - . titiuut‘ toraiik mo“, (“"105 ed m 1926' "ilizitntimlsttgiied atyfigglhk 000 Maoist’ liltiiiflllahtg “Wlgltltwllitlrog Daeli" gelrilmilotltlitildiltlgg. etlio ' “mdh Mtml flclctqltidfigl i’ "m! I m" ' v - I’ 1' _ H‘ 1 “Qmlm m "y m . . - _ . v_ ~ . -. - ~ t» I’ - . ~ as r" .<a "e' ‘e ci ,. - - ~~~"_'~l“ll v - m _ l v‘ . 1 . . ‘JHlI cxportvh: lhe banking SHLRIUOILI! is itgrecd. 0- 0'01‘ 1-0205! Imlu-SITIBI fllfimmfifs. the whtlt . Canada than area:- ago. ll - lenllellcl-l lsllléclllllllloll llkg "" H‘ ' "I ' ' l I - “Avml ~71" 00ml? “'08 "Pttrly tisoil . ~ i>t> tipliiiiiiti-ti .0 ‘h. _ _ ._ - i tttlnll; ngllclllllllal _wlllllllolls all. (Iitllit! to their strong liquid position. 3am; deb - that l5 the total of fglgl-v l5 not 5515935., but a svniptnii» . ‘ l i utitircil that tlw fltthflltwflt sow‘, mill . and that 3-111 C ll _ "erhntl .hc farmer has niuchiin- 11980 X055 00110103 09¢°lm0°00ll0l1 items;clirii'zcd t0 customers‘ accounts llllll lllle “mm. ll level. wlll global)“. l by the time the second bottle was usctl l‘. be lllt‘.~t‘\l't’l.lll) U1 1hr uieet- lii this vttilllltxxlOll. it ma} 0t‘ ‘ .t>:. Bus position: labor is as well h?!“ ‘l5 ma," heremmfei 8150. C_61";are an t".'t'!l better" indicator. and clue llsellq lgxpellencl, Sllggesls ml, th l ‘t III-Ill':;I'\\‘Il|-}II" ‘ _ '“'l'l'l‘_l the i-old had gone. Now I will never This lllll lt_.l-l-~_l\ll »_-_ll_»_l~,,._llii<.._t~.- .l!i\!']\l((| -i:~.t: thc lot o1 Lanathau Lll' IJQIIP!‘ off than it has been at ally taiii loans of a special nature whtchthegp lit. ll pt=i~ cetiL-in excess oi 192G imvrdcn‘ or guarding imam“ Dosgiblevl“ l‘ l“: ‘lzllllllylullhnl ‘L. ‘I i v v I l he ‘without i‘ in (he bought» lltls lJUvll iiiul~h tmprovcdin time tn the country's historv. and 00092000 “D00 0“? 00005 1051 3'00!‘ q-thpt-ltc allele-ls '0. f-Q l; Hon‘ I .....i.| ...iii t-i lll.iii\ ‘ ‘ pl-ll-a 35l- ll llllllll. llll. f ~ - ~».- l. l)?‘ x '0 “ I iiuieuiheiteri b ' ‘t ‘ -' ' ~ ‘ f‘ ‘- - ‘ ‘e 9"" ' t " I b“ amllftflllfl .oti. A I ines. at titi . lllfllluh it hus de- l 0 I0 900 0010- 0810s An l,\li.iii~i\c iezii in BUSIIICSA. lawn,‘ mlll ll ml, ovm__ll.esclllllqll_ l . l, . . v l.” _ l l l Tl l . t ed from its" peak level. has rc- Ifliluctd by advances more widely m. Ol a “we q“, k . l, ' I ‘ ll.- . l l, .. '_‘!-i P"_ “P00! 1y w ‘l. Milliiiiu "t‘llt‘(l in an orderly manner. ‘ 0T3“ mdlcmmn 05 ttreater Canafii has attracted znorc thutiig Neverllllelegg‘ lol. ll“, ~I ti" l 2°’ Llmned’ lurumu’ o“ . .. .i'>'a_-t'“tv’ t o - ~ -~ - -~ TM. i“ ‘ "--‘ ‘ t-Qwlllts’ t” I 01 01001‘ CQIHIIIQIINI“. _C(.‘l‘l‘.1lll elements in the present ti sTliEPlOAllllln62513152538522‘; 3311;! lzilliilsdlllflllkfifégivlxl“. tiifieiilliwtlllfilfl. Fmflnm '0‘? Pmvldllmv!“ “"0 F" 10901‘- _ - l I_ v‘ ' " l.__.__.__. ...___. -._____ __ has Iurttr-llv ClOHWl tht c1111 of 011310 ~“_llllfl\l0l\ arc rather less favorable of all Canadian banks at the end o! celcbriiuon of ..t= Diamond Jubilee ail-km “o me mmgllom‘. m" " ‘ » Jlltlillhnlf uliin-U I L}('l\\'(‘@ll '.\"l1ZI‘t thc farmer‘ MISS 80H ‘E0110 lllPlllfilllllt 06- i0 that HIIIIIIHII 5010001001? ‘m’ laws! filurefi BVJIl-kvf Content iitiuii and the ohciiint: oi lam}? Clzgnqvlllllllllllfljxfllllxl? .. ’ ' ‘I'Iti"|-~I.II|I lltlrllllill lIIl'iII|\ Pllttllttll i-i‘ lllll l't'~i'Ill‘l|l\'t\ ll v l, l ,__ l l, ll. ,. . , . _ . _. v v- t A _. t -. . »_ . ._- '- . _ - < * i it lit std.» and so ha. lflOClPlflUtt altit» 10-‘ 110i IYIEQWTM “I! ’I 601R flgtlmgflled 51-0-351300000- tin iiitcitititioital hiidpe Dtfihfilflllfiualned cl by the Fathom (ll Com “Ilhlt hi“ l- II l-Ihtaiii l. t n! llilu Ptllllllr), .....i ... I

wzejtidice of producers. 1hr» ~\- “ital-thy, 99 Yule st. nut.

ll‘

The Prtwidenfs hltlrcss l H 1.51m. g; gibillltlillll Smallest‘

m“ ““°l’l"‘§‘1“l:;§ zctcti i‘ hill" 311100 UllvIlJlllCd tr ~

‘tlYllY. gill?‘ llll H.‘ Kill‘ Lit‘!!-

>‘ "I ‘m lmonm‘ “Hmm ll l. all. llll l. Dlcl-qllpll llll-ll-llllllill t-itilic-i" cvpectatiotrs btit there In F01 Er" l) > minciior " m ‘he MM ‘he Bum: diltt-tiiilttiti 1 > . A " ‘ ' hit-n in recent \t'eek's‘ evidence of O01‘ deposits totiil 5709100000. 810B ' i d" diCpZnLt-g bottle: ‘Migration’ . Not in m“: 5mm m ' 7 "'1 Twill-II "I ‘ i .. . . the tit-nth m \ ~ llllllllfoll hlllllmon‘ All ample lvllpvlh lull-Pate of 553900300 lronl ll“, Co“. v M my lvfllm nolghblvl__ looastftiliit-ss. out merely in calm ap- Illtilll .\_- _F .lv“"‘-'.'-l' ‘.-_ ‘ll jlhvhl“ v _ |l4' lllullllll “at l'.‘ll'_l‘ltltl \\'lIl| Jlllllll l.lll_ v l v _ Cl mwglllltlll fumlg due l“ m“ ll ypgpglldllll; llllle lasl Yams “llllle {W (film: m‘? (vmpvldoll Lrtttral oi cittl- (‘Oflllipy and its rti. .ii_-_-_. it it f‘ _ . ‘iswlinld (cw-l |1l.i|tsi~_ ‘lll. li..l._|_. itivitii will. . l-tirt-igu (itpitiil llultl l0 l, slacllclllllg ln lllfllllcivl much of this representsdeposzits oral . I ‘I Illllyl “lnnglvc “Al. llfifitttcttsl] 111111)’ we not t~1aim_ that we ‘Iv llfllllrlvQfffllll ; " " ‘ ’ ll . ‘l “"3? m l‘ """""“"" “““=\I“\'I'“\- nrtiriti". coupled with a decline in cciiiinercial and special nature. a ' - . llttrltl- t~ that thlfgqttnttl- m“ a ‘l9 “Ilrlblllto “lllvh go to . . i I ‘ ' - .iui iii-i-litl- iii-ihtticii In \‘ti\|. ll C_~\!11I1I'-0001010“I000" lv1'00l.\' I0- coininnditv prices. has resulted iii a #0001." W100" 0f E00 100110150 1105* - lziiowti. and oitkr intuit" thott- la nngh“ PHQOM we F“? I- I II" '"\' I"'\\'~'r Io I'Xl>r.-~'.-= my Ira ~ , Cit ‘a trtiitrNt-tv ‘torkuvherc. 1' mai-izctl rise in the prjcgg Qt lvilogllt occurrctl in otir Savings Department. (l... ... ‘lgi‘(\“ng “Hm have oarrltd hfismrl dllrtllll‘ dhllllflY it°I>II10I1011W "m. WM". ‘ l] ‘ "Imlilltflll “I ""11" ‘ ~' lltlllllt-ws Ul 1i ' aiIJOIYOOfiOO oi Caiiact- and bond». Atv the same time the *1l°.“,“‘l4 mt“ ““l"~*l.’"-‘“d PT°~“P°T1,\-\‘ia\v:-._\ .-lI;ill‘~1§l()llr, that will (‘ll\l'.il\I‘I“ “sllalfqgl; ilihtqrll‘ f“ Icnloiod-Irm“ t-i ~l-lllll I-iiit: i “ -~'I\\_|l‘li rlllvl Y‘ i i ' to all ll!‘ cur have been €t.tl0\I‘I-~ "I 41001.05)" l0 Pmvltllllfl all 46,1115‘ émllllcmlimv?‘ Plllhllcl ¢°"0<l9ll°° 10‘ the p 01 'the Dominioiiabroad “ll llrlllsslclllrllllllé‘ flfzllfgxge i. l\ ll'll\lt" I nut tutllwl“ -' ii in ii iiiiiitt-i- ‘ ilfllllllllilllllttw nntl iii~ - * . . a . .i lldttiOll oi \\lll"|l vlfiflfd 0W WliJll-tl i}! lvhnt‘. is not '1' ° 0" '9'” -.intt .ii. I tn Olli tldtfllllrl-ZQ- _-‘\<l‘.l“" tc-i- climate that itiakcs of us ahiirtlv t ». vllfllls’ --i " - ll{ifli"'1'|)ii"-qlflllll... - l ,. ll. . ,. 1‘I7"'~'l-<’" i" h“ W1‘ " ' l “n”? . Cmmdla“ t~rcdit sittntioii {we As a Silill of this countrws izrowins» 1° m“. ‘W ‘an. l?“ lulnlsqllnftlaliq-l'm PIT-DIP. and lavish natural resources. I II 0 ‘ hi‘ tilt-i“ v ‘ill lldlll‘ itiiiilz". ‘out: *l\‘*‘ll illlll'l\l"‘ifl=llll‘t\lll‘kl . itiutttctpttl htindo “my rogmvnfover wh-lcll-khttgndott- Llallllal l_psuul_cc_h_lhe de-lmsils payzlvlflllll _li.'it tul. Isl tingle wt tint: t0 Thls appraisal belng Cong“. w” _ _ v _ l ll Hull _. .ll llvlll. Wlllllluqlllllllull “l “m. _.,,l.l.l_.l__ ceplivt- market in ‘ll,._..l,l.'l.('. gvglem has evlegclildelzl: able after notice iii all bunks exce; i290" _h ‘l’ lzlyillnlqélllfll,‘ can. given prudent management of‘ .- 4 ‘ ' I‘ l. ‘ hi1 ‘ ql“ ti“; lm’ Pl" .I'I\\lill ..; iir. p-tiblit .\il(lvL‘Olll> _ . _ ‘ial and liytlroi qllmg llllluéncc,‘ Gralll-yllllg lnéreas ‘ the vtotal ‘tflllllhfluial ion/its b; 360 __-__ ‘ ‘ ralllalll 6m. levenll}: Iillll‘ public affairs. proceed upon our .' t; i . ‘ _ _. l _,., “l... , " ' l “nllngnpngllllllllutlll. M:- lluisiiici i ~ _ t-i turporutioti» aic now lll-l. Show“ in me savlngs dew" intllioiis. uhervas l5 yearslago thesel _ l_ t,‘ lg Qslllnnlcd lm. ll“, ocstuied way with couragcaantl on- : ~ - _ _' ' tutu... iii" [Illtluill lllvll llllll ut- Wlllllllu, m llll_ l film vlv bung llltrhllWlnvlvplyln“ films of [he banks m the comm lclvlllvs “Clonal sllcll (leposlm by zlll. l (m, M Owl. 200 mllllons m ihtisiasni. I . .- _ Illl-PIHIIQ - v. - I - ‘ III u... t l...‘ HI iu-lui Iiirttl. “i i. T“- ““"°“-‘i“‘.i°" P12 "“‘.‘%"“‘ l“.°€‘“° ”‘ "‘° "°°' “mm” ' ' "“ "°l“"'="&‘“ ‘ ' 2...; ‘i-‘lii . :::i' .'.::f...":'. '-:.i'.i:..' " .'»..:'. t F0010 "Itlrl 1t Arc-w ‘ivc: ll( ls- A‘ 11 ' 10L" 15ft 1J0!‘ Cent. over . ., - ' l . u Ill 1\\I)l‘lXlll‘l11\\‘.\' L5 iiii .l< - I- Ii x ll.l \vl'-| ll‘\‘\‘ iw ti . "I i: ~ -- l --ii itch '1' tlti l: U . ‘\_.llL‘ liiivitiz‘. R [H ( iotfhtLlliltitgztfllllillit‘glpffiel§llfilldlfffi‘an: klviiiVélblO llll ‘interest by, Canada Pnhmual R"l'°"*- ‘Hm ‘ ||"_‘|"ll‘l ivtliit villi.‘ _|lI'|‘|:-|lii|\‘\|\‘ ~""'l"' V” "H" m _‘ m .\ fiatisfitt-tni-ti- Yt-zii- mziblc Dffflflllll on Junexciiaugt- condlfion‘ ln Euro ‘bank; lolllll- TQDllQSEl“ 45 pal. eel“). aniiii.ill_\ oiittsioreicti itidebtetitiess. The Cuslonmn. leper“ on “m”? . _ "' Hll‘.“"“"“"""“ " "l" " nulllllfivfllfllyflmfll illllllfrlfllll‘: m l v_ - . and ‘Jlilibtlgh interevt and . ‘ p?‘ of total assets. I lv_ _. _l_ _._l_ C l d . ticns- in the various prot-inctu lltll-lvi l - viii Tllillll ih-‘tutrtl "\“ I'M‘ "“ ‘iiil ltztfiltl tui- u..- iililiiiiiitiiii-iit iii "ll ll l“: _l lllelltlll-l. ll. l-ellllll llllll lull v _ l.(,ln|tvlr*l\QQ\ tilt the hor- In simaltin oi Eur ii ' n ("k 5L l‘ llkal" ls“ ‘lo on fl?" been prepared and all. llvalllllble‘onitl » ii- “Illlli .\--t it tviit l|>"ii\~.ll'\' IIHI it. ‘llltl ti.» .-i.-.-ii.i.. ..i itii-i-lu-is iw-i . . - - "" . . - .1 1..‘. ."- ‘ 1;. _, , _ , i, -. .._ .i.. ‘- . . . rii: ill‘ had another .\;ill~i£1([()l\ v _. l. ozhfl'\\']sc tipcrzttg tlll vlm. 3,0 l ,3 ,d W193“? "mfna Out note circulation. at 545100.000 P? l-m“ 9 .2“, ‘Wflefpmen ‘f. request to any persons rlesirin the ~ l" ." "'1"? Y". ' '. m‘ i“ It'_ ' l _ ‘ ‘i- . .. __ t,“ _ l _ _ __ vlv_ Umnve,“ _ t. . iecoi ed a gcneialfatoi- l. nlllollllllalel‘. the l , l .l n.t.i.itu iii tut. cotumi. and it ..~ i! in . t...\i..t i..tt.._ .1. . _ . - \\lv~ll _t "t! 1l“'_"““'a*‘ “u 0v‘ ‘ f ‘ ' ll.“ o.“ is. ch the \.ilOl.‘.(\(l\'flIl[3'-Z(‘- r-hlc .'ltl\".lll('(‘ towards more normal l; l.’ ' ‘ Sane as as s , rtalize that i -- i.-l.. -.t - i . lfllttsllt yiiur iiii~i~t~i.. \ ""0 mim“ m“ u“? urmfllmg‘ ‘ft l. ion 0i .\l"‘I.II'lliC$ ll‘- tChtlitioiis. and this hioveil-lgnt ‘lg " m‘ r (icrcss has kept pace \\'i".i_ Rem" AdWmPd- l" " ' ' ‘ ' l"“‘i" ' " ‘I "l u "filllll Tl‘ 11h?» »‘ It>'-'~\0010§> 0"‘ 0*“ ma‘ Tar“ ‘ ,1 ' 'l:()bt't‘ll iai-rtcaitdtl .' rtrsstiig steadi . The aid ren- Ottr Batik Premises Account is l ~ i ‘ of till» Dolmmom Ho?“ ' ‘llf. vtt-iii-iiuiii lllt-ll iii-iwi : ‘- “'l'.""' i ttit- t'.\‘i-.i.it'..-.- lmlwrtant borrowers hate taken _ " . to‘ iinpovc . red countries by lcivci- by 5250.000 than a _vear ado. ‘ . " “ml” “i m" m“ 135mm m vour per i" » .-, . I»: W‘ "IH-rltn Ii""!""- ‘i ‘ ‘ " i llifltit‘ o‘. prwselll money iiiartztw I’ o. ioreigncredits is restoring Attelnllollvt lllld new bulllllngs have pal-llllllal- 0t llilllm llllload ll-lw m; .v o I _in sslon. ‘we utl. go 0ll__\\'llh ii... lit-l... i. .. v - j _ - l. . -_ » - - ivlth l IllCll.‘ to iuiid their il"i(l9bll‘(lllr‘<~i .-. '. " iiititiviigv has had the t-ccnotnic hie. which must in been paid for out of profits as tisual-uiteit-sttvl in Canada. that ‘with I31’- Sinllxm‘ .1e5°1un°"g?fl°" ‘vmch I "." “"“l""" "M .ll"".“l‘"‘l\l_l._ t » ‘ .~t\~.-ii:t.“"“,“‘_“ l“.“_" ','lrl'lfl".'l'.l','l:§.'§ is<tuniz to the puhhr: lone-tern‘- -- “P805000 0‘ "mm WW5“ 01 “m” "lake £01‘ '00DF0\'£- 0 3 9-‘ “Y” 3'9"?“ “..°‘.‘mm'\' Jul-i "mow [he aduwmmof m” ‘P’ "'3".Im'i'l:5i!lti:iiu-iliiliiiiiliisi-t- ‘llllltlwtl "l" “nil-uni ‘lllllltl“lé‘ Iscitllr ‘lltll'“ll“ll‘l-" "l > .i iiit- Dlllltlllll; ()1 new 1I"‘I_1I I11 ‘world trade. There still rc- . ‘ ~ Bunk has paid dividends" ‘ Tl‘ _ ~ ‘lll "I l ‘. ."' l; li lllnlipll ‘WI t" 3h" '.~' ‘f ll], .ll - -.-.-_ I. t-i ls vc‘. uo t‘!l(l. PHCI‘ i1 1n to bcsolved many problems nt Profits and B7hking Service " . llllt‘ ‘UDIIOH _ fllirllltl ll‘? lllcnxengsna Rlidolphe Leiiiieux. K.C..!.,l,,l,l , Z I‘ u ‘ '- \lll\l“v__l\llti\ll"l‘l‘ll‘lll I ‘I'm- Billlkn o; Caiittcui ll1l'.'(‘ iicoiri- . . ' and lll't\‘!‘.'.'1lllL’(l Lfillsllinv’ Jhllniiiiiioi-talilicg to llNBIQCOHOllllC and tcncc. Slewarv i‘ i 50000000 b)‘ M1‘. W. M. \[‘\ . . - t. - ' l ' tit ' . , _ .- .- ~ ~_ - 1P1 . we - em o ' , - ~ - ' - i ' i ~. . __ -‘ .l~-~.\ - - ‘e12;“‘.‘.’?*::“.‘ “:33 hits: iiiiitiv - .,..::;‘:i.:1s..:;:r»iutziiazrisitiiissi.‘zrssiissirrai: Pits. "it o’ "r “ * ‘ i"; h . “'1 ~ 7-‘ i l _ .t .. . ,- -_‘ _. v . '_ . _ _' >' v‘ . l l w, .. » . ‘o - it-_~t '1 ,__\ 52.71 i.it - - l [l't‘l!ll(l'\':l' ‘ tut. ii l'Cll UA tiauc baiiiers. uhichsubltctvtiett is sometimes expressed that l0‘ 3"“ 000 0 P010 01> tdhlrfll 91 g 5 "0 0f 539-090. PM ,,r_'l..."t..t..-.. t ' .‘..ii ..i' llltpfilllilffillfillltfl‘

IH-ltl '~"II ‘l1 c-utinrii-s- tvhi-ri- \\l' iii-,.

‘ Iltll _\'(Z\l\ . lk“ ‘llt' Iiaiil»:

l The chairman then saidz-"With

'2 .

mrhuations" at a lou rau- Pl intern. ll-t- tru

v t-x A ugus Zt-l-liiriii ]lv*|'|\l'l"I Ihvil ill..\---il_ :'|'l|t> lltilltlllfllllll‘ v ~lll .lll,lll.ll "l lllvv ' > l lt_\' _. r. .l _ ltli-iilrriil Sir Arthur - i liittc rcicrrctl to the past yearns u-Iit |'i-¢I . |- lIl'lI'I ltlllll ' mlms "1 - V’ I ‘ l" ' l‘ ‘ t?‘ l‘: ‘l-‘l "ll‘.‘.‘,“.“,‘.’.“ _v ,. v _ v l i . - i-i - i.i-;.~r lltw lwt. ..t mo! tapansitc hi tiic totiiitvi} s “HF-I ‘I l» I'll‘ i. l....-l l,l_v_l_l‘l,nl l -. l ll. - ‘ll,,ll.,,,l~;l|.l.'- sli- |.<iui~~r Ho“ rt. i lilllLlt‘ tl history That Catiadtatis ill‘ l"‘ -' - 'l I : l . - ._ ll.ll._.l.l l;..l.ll,..l .l v, .\i "c _I'.‘ll)['I'lt‘llC(‘d it greater degree o! ti | I ' llil\ tvstlllllllllh .\l". ' - l. ti- I _ . iudttdl l1I'(I'~‘l1Cl'll\‘ than evci- hv- -- ' " viiil-i-iii _\lttrt~tllll\ll, ‘ sv t'_ 1- " l t-ut.

h.“ ll§'l'|| i-i..ii .r e ls‘. l Illlllk. undisputed. The - - .i., ,‘...l\ v,,'l,‘.,,,‘l llflllul l,‘ _ .l;_'l‘l uciit-riil h-iel oi ciuulovmcnt. l '| - .tl.i| 1pm.: l|l'll ' tiiulli ill] “ll. l"";‘l‘l""‘l "|'l""""' "0' """' "I l. ll l llvZlKl-Ylll tnhtintctl spending pout’: u! ll ' tsi-l». -. “l _lll.l_.ll,l.l lfl lll_'_'l'l'l ‘. " "l'l' 1'“ ll-l“. lllulllll,» itii-ii lllll.

"l0 llftiplthfll iittitbiittiblc _ . ',l,,. l "v ‘ v‘ ' ll" |tl‘v\|I|t'l' lnlillt a . . ' .\i .| .~iiii.~.~.lii.-i.t Illltfllllll’ ..r ti... its.- _ - .l .. ~ . u < , . ._ wicccssioxi t; econ harms - > -_ ‘ ' ' ‘ """ illllt i: I _» " - HI: u, sii- vii -- t tti-t-ttttii. Burt \\'-\~ ‘I m Gxwignmln- m“! ‘V1019 “FY50!” ‘till? QYOBI broriclciiuig oithc bu. ~. 0i prti- l|llll\ '.tl.|'l‘.|\.}!\lyv\s {iii} \\-» iii- ll)l ‘m _ 4 " ‘i l in“ ‘If lllil“. lwMidIiimd ... » i »- ‘l, _-v--.-'. ~. ’ ‘. * ’,‘ ‘ ....,.., .-., t, .' -’ - ' - '-tiii " pml-llt, ttt-tti v l- v v __ v lllullfivlv Culvmvlu“ m l5‘? “lallrlih Bgilllm-lititt“. llLldht t.» (‘ll lmllk (lcpohllh and llml Obmmml ditcticn. giitilliittt lciiis apt) Cllnyl. lip \ . I'll] .i.. Hlixlilt ..i \i.i.i.l _ _ _ _ ‘flu ‘ml: __ _

- . . » t 3s‘ i-. ' ‘w. . ...-.-..t ~». l i '5 ‘.’;‘.'l"‘t '- “"- '" '. , " '." .'. gut-Ill tillilhllihylt l v Ylvlllvd a nmrv new???“ "letiltd If In). tht Bani. m tlli tniplovxiiitntwti Qvlrlgllalllllfls‘ _0°‘[_1_-‘lv""'\<l d“ 90v \\l..tI ti.. ti..~....t..i.» i.:i\...“.i.....-m‘ " iiulliiui . . i - - . | - iii-pt. - . . ll lt. tniiiiiiiii ii_i -Ho_<pital. fIImitrt-ul Gtnci lmniieriitiuii. . . l . _ ~ “J! rittvk assets has been stcadilv cic~ “ . 0 "H1013. and otttsvitl» lithii-lu _ _ _ ‘ - - ~ -- -~ Ill .\\ \\\\“i\\'l\\~l‘il.l ti.» ituiii-iiizitu.» s v __ . iuniiths. IllC bai-ic HKlllSItllUs of the l-lllllng in" s val. l w, x Piillllfll soiiuht mvesttncnt here chiei- - ti... ll .. . '-i HI iiu- lll\'llllllltlll. t \t. ‘. ti. “-~I‘~' " """‘

and ‘K pwlln t": i -_ ..l.l l. .1“ Vynulvnil c< lIYIOS. stich as troal. cotton. and A ‘l a ' m" ‘ l.\ l0 HQ-Wflzlllllflllt and tuuttiripal l - "h “ilh i-l it>rtlllll\l"n.l“ ' ; - l |I‘l“"lI "tw-"rlt wt’ tht- s ' i - I \'-lI‘4‘-|'l* t ~ iii il . l“. . .. _~~. . . ~ . ll lmd fleelv ‘l. _ _ ,. l _ _ _ » v t ‘t > -. - i - . _ liI|l_ l .. l " _, _ i\\— ts ti lt~~~t vutritw l t ' :' .\ l-1v-- tit-t‘ . l ' " - ' ~ 0 lm‘ V?" - t” '1 i1» ‘ OisUn-Opelatlng on ‘t I0 L-puunnze U“ S-uentgm m U.“ p“ mild {n lfuhu“ bumhnf‘, to m0 \|"|l|l".,ll“\i||‘|li[’-“H“ H’ t") Il\]tlu‘ll\lll\l|l\"illl4l thptt- tll-itlrlltlt‘ ' ' "Wltlrtitillltttl tt- ~\ h" ' . _ - l. (ll ‘)lJO(i(l‘d4)1‘llV' E.ll-l_ f_ "I ncmic basis. but other hank tins ,bc;;i maintained while ‘I00 llllll-XDOHHUOH iol- lm cver-III-Wii. llFll i. ...' l ""‘ -“.‘""i .- i..- ' |||t~ll' --iii.t.ii..-.- i.‘ - - 'll,.l.,.,llll,' l ‘I "'0 l0" “""" ‘ ~ . ‘not ‘pun Tttliiiirtigi. not‘ :'il.al“l.'.'°.".'.501'“ “f ‘hlltbtllltlitlg and dividends and bonus Itovv been rotor “‘-°“smg ‘“‘="l““l“““‘.l “"0- TWV-‘Y 1* it » Irv-ii tt-=i‘:"i--.l<i.i..i.§... iiifl -"§'.“l'.'fi" W‘ i‘ Iiiw ti-~.~.i"..iii~ xii-tit i- ' - ~ Il'l|~.~‘ ti...».i.il., inn. "roxrlnc dt ntiiitis o! Kill‘ cit l)“, l, “lhljllml pl“, _l;_ - l‘ 0t M1 mdusttttis. the niotiu amt lollably qallleq Ql-el- lllld “boll. most of _thc_ larecLvint-rr-usctli-itpitn.‘ uh II"I‘I| -tv' |llll‘t' lll. III; \-~ I» t" ~'\~I<'-_-I -' H _- -iiii-ii.| ,‘§s||. llllll .\t ' isvitiit-t‘ l>!'t"0i*~‘l b?‘ “h” ti Au‘ llfOlllChllLlv tl-f- ill,. Electrical trades and artificial Qlk. these. however. we continue to fulfill "@0003 H1 I01‘ iiivestuictit l.» for iii- I"“'f'." "‘" "'."I“I"'* ' " “ ‘l’ WNW“ Imilflnl“ z _ l’ lmmml" ' '\“\“""r"'