Firestone Officials Here For Store tipsning
I. M. Sycr D. C. Knight
The newest Fiir-stone healer Store in Fanadn will be formally opened here tomorrow by Bl')'Fi'll0I'I S: itluvkny (3o., and among the distinguished cucsts who here are R. M. Syer, Trade Suit-s liiuimncr nnd D. C. i(night, Asst. Trade Sales Man-
are for the occasion
Union League Makes SteadyProgLegSin Province
International Credit Union Day. which is being observed tomorrow evening at a banquet sponsored by" the Prince Edward Island Cre- dit Union League. serves to high- light the fact that since the in- troduction oi credit unions in this Province over 53,000,000 has been loaned to members, while only SL828 has been charged oi! as un- coliectahle. The guarantee fund. which is a reserve against bad loans. is 5.08 per cent of the total loans in effect.
Since the organization of the first credit union in the Prov- ince on May 29. 1936. the move-
ment has grown steadily. Total assets at the end of last year were 5844.633, an increase of 573.- 832 over the preceding year. To- tal savings amounted to Ki'53.957. an increase of 570.465.
Total income for the period was 540.223, an increase of 135,085. Total operating expenses of 518.804 left a net income of b21.419. The most important items oi the operating expenses were Cunn lnsurnnrc. .W.4T4. and salaries. 35.742. There has been considerable increase in both items over the past year. Oi the 540,223 received as income,
alter of the Firestone Tire & Rubber Co. ol Canada Ltd
Phone
. i
' e for opening sdo.
O
-747
over 527,000 was returned to the lnembcrd as dividends or interest
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BRYENTON
"Ti-IE GUARDIAN. CHARLOTTETOWN
rebate expended as salaries, or used to provide other services in the communities.
The number of loans approved and granted was 3.096. totalling 985,891.11. an increase 0! 822,768.61. During the previous period the number of loans was 3094, totalling S463.l22.49. Seventy per cent or the loans were tor 3200.00 or less as compared with titty per cent during the previous year.
During the year 1949-50 one credit union was organized-Trim iiy Credit Union Ltd.. at Sum- merside. One credit union was dis- solved-Sea Breeze Credit Union Ltd. It is interesting to note that this latter organization paid a premium of twenty per cent on members' savings. Total member- ship now stands at 9928. a net decrease of sixty-six. .
The average membership is 180 with an average shareholding 0! 566.98. an increase of 511.03. The average number of borrowers is 59. with an average loan of 5156.93, an increase of 37.25.
Pursuant to Section 4 of the Credit Union Societies Act all credit unions were audited except those in Charlottetown; those will be audited during the winter.
The increased work of admin-
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&- tion and supervision has,nec- sitated the appointment of tieid man, and it is hoped, that more time may now be given to individual credit unions.
During the past year the stat! of the Credit Union League has assisted St. Dunstan's Extension Department in their educational work. The stall has also attended many meetings in connection with credit union activities. -
WAKE up voun LIVER Bili-
Without cu-.I-Ans rm; ins out oi led in the Mean; Ram so Go
The live should pour out about 2 pint: of lsllo on into your digutiva tract avsry day. If bile is not lowing , your load Inay It Ina Just docay in tho diioatsvo
is gas in oata up your stosnac . You get. eonatigatiod. You feel sounaunk and the
a punk.
Is iid. gentle Carter's Little Liver Pills to get. that 2 pint: of lull: now- toda . Blactlvo in ma g bilo dow y. Aais Kw Carter's um. vr Pills. 864 at any drugstore.
estott div MacKAY E CO. ”
Ytiiiii FRIENDLY FIBESTONE DEALER.
187 Great George Street Charlottetown
(Former cash and iisrry store)
......i Sdo in full swing nu
slain and by Rev. J. R. McMahon
they lost.
i...;i 'ii;iiSmi of 0'Loary Mamie Lodge
'-on Monday nlsht. October 0th. there was a vary large atten- dance at the Annual visitation oi the Corinthian Lodge. No. 17. at o'Lesry by Most worsliiptul Grand Master Archie Thompson oi Tryon. accompanied by other Grand Ottlcers includlnz:- Fred 1. Bell, Bummerslde, Deputy Grand Master: Grand senior steward J. E. Murphy of sum- merslde; Past Grand Master '1'. Allison Dawson. Tryon; V. W Grand Chaplain Rev. 1:. G. Evans. Chsrlotteiown; V. W. Junior Grand Deacon Gordon Lord. Char- lottetown; V. W. Grand Pursuiv- ant Errol Stetson, O'Leary.
Mr. Errol Stetson welcomed the visiting brethren who were intro- duced by Reginald F. Macausland splendid addresses were given by the Grand Master. the Grand Senior steward, the Grand Chap-'
or Alberton and Rev. C. 0. How- lett of O'l.eary. The special tea- ture of the visitation was the dedi- cation .:i a new altar in memory at the isle Mr. Earl MacDonald of Gienwood by Rev. E. G. Evans. the Grand Chaplain. Delicious re- freshments wero served.
e nlnous acuoos. More than 340 overseas choirs
are affiliated to the Royal school of Church Music at Canterbury. England. y
of
OCTOBER 17.w 195
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canaoxs ras'res'r.sei.Lmo sans-oae
,w..,45m.w.m.5m.x ”
Phone 747
4 Opening I-umn sue".
m-two
PREVIEW TONIGHT From 7. 9 r. M.-EVERYBODY WELCOME -9 come IN AND see. cHAiu.orrs'rowN's NEWEST sroas. . featuring a complete line of Firestone. Exlro Qudity. Extra Vduo. House and Auto Supplies. Tires and lotteries.
NO MERCHANDISE on SALE n-us sveumor
p ' Everybody invited to register for Grand Door Prizes to be drown for Saturday evening. Oct. Lodios' Grand Prize. Ekco i i Stainless Steel Starter Set; Gentleman's Grand Prize. Remington Contour Electric Siiovor: Cliildi-en's Grand Pulse. is 20"1'rloyol,o.
, y Souvenirs to as. during Preview. on-ui Opening H Your postman will be delivering a licsi&Il with full . Tdto odvesifogoeof tiloso Spooid Offers a
morning. Oct. is.-watch vein iocd