JANU 1932

fl 7 H i i“, I

Win the

BEAUTY CONTEST

.4r-'1V'v l'

you ‘are ‘ in every day!

T/ie girl with clean, wholesome shin is always welcome. M”; single her outfor the charm of her natural loveliness.

t

k i» "11 i1Gcnil1= Gfliml’ ti‘; hlean . . def 1‘ A", “on

Y hl ' amt 511mm‘

' Torlur, rot a (loom cakes of Calay. Use no other soap while tlirylust. Your shin will he cleaner, finer, smoother. Yourconl-

l

plitriorl will reveal a natural loveliness you nczw- silspccterl.

Um» \ll\'1l't_ minim‘ with Cathy's gcilcrous laihcr and

Unshaken Faith in“ Future

"I have witnessed many depressions during the lust titty years and l-

t “While I do not wish u: voice my prediction as to tho date of business

f‘. t

Royal Bink of Canada. held at thcl Head office in lvlontroai, both tho President, Sir Herbert Holt, null the Vice-President and General Manager, Mr. M. W. Vviison. were emphatic in their expressions of ,unqualificd confidence in Canada.‘ Sir Herbert Halts ‘mature world-aide business c-xpcricuce is‘ reflected in his statement "I have ' witnessed many depressions during the course oi’ the last fifty years and I sco nothing m this one which weakens my faith in this country". The tonc of both addrcssesuas one

5 tics and finance in the principal J countries are capable of bringing l l i -l

intrinsic worth, improvement coulciiooo 19119911311 1101? 0111i! 1911B 111111591‘- be cxpcctcd as and ivhen mcasurcsi‘ were taken which would result in a. real return ‘oi’ confidence United States. marks he had referred to tho spleu- 1301111111011 0f 911111111111 111111011111 5P1“ . H1811‘ 1101119 5351011111 811d 1111951433" did record of the Cllililtliflll banking rive 110w as 1m flchicvvfllwlt <11 ed the lflrscr body of wafer Wile" system during a. time when disor- ganization in finance was accen- tuating‘ the depression in manyl other countries. _ _ , opinion iiiai iiie miaiivoiy Sniik Thc homo position of the llnllklllhh“ and daubllcsi rushing 111m" factory posiiiim 0i Canada couiii be i was m untamed at substantially the 11nd slaycd “homc."

attributed in ho small degree to the .5011"? “m 115 11 Full‘ 12-)- stabiiity of our banking organiza- , v _ v _ Mn Alec Desgxiiiis “viii, Twenty; tlon and the way in which indus- 14871’ of 15411111193 1° 101‘ W111"- 1111

try had bccn supported.

the report sii- Hvi-iici-t nyUrrp/ii , iug tho period of world dcprc-ssion,lrcllllvPd f0!‘ o. fHW d-"IYS V1110 with profound regret O tho death ‘M13 W115“ 5111111 of Mr. Neill, after a. iili-tilno sipcut “big”? Sf tit“? 031111153111 bmllliinéili in . . sys em o axe carco -c nccrs . iiisiiiiosiiigiiioliiiii‘lioliiilii ainwlilsici U“? ¢°111111Z\' 11118 11cm (‘lc-"rkl dcnfi-lnlwr" “'85 1110 mics: recently o: Mi: H councillor, friend, and Canada an oniiucut bunker and disiiligilisiiczi citizen."

siiiiaiion i“ nmiciiimie and the | them and I thiiil: it will bc admitted

QIEEQEBRJQVFTEIFPEVN fiUARQlAN

0f Canada ‘Expressed at Royal Bank Annual Meeting

couous 51193-53" S

IXTUR The SAFE, SPEEDY, PROVEN

REMEDY 1-1-11

nl’l ~_/\

see nothing in this one which weakens my fullh in this country."- Slr Herbert Holt, President,

recovery, it will he very disappointing ii an improvement does not "l" Place in lilItW-ltl. W. Wilson, Vlcc-Prcziiiient and General Manager.

'At the annual meeting of The

Closing hi1 rcmarks Sir Herbert said in part “It has been said that tit is darkest just Iiefore the dawn. land in previous depressions condi- ltions have secmcd most discourag- ing at a tlmo when improvement ihad already sct in. The violence of the depression must of itself tend to produce a. strong reaction. It may well he that the gold countries are now on the verge of a rise in the price level. With a sound and strongly integrated banking system. very tame hardly moving out of thc no important investments in dcprc- iii-ay oi- iiie inirudei.’ in their path’ ‘ 22:112. Si?"fiii.t’.iifii°‘i‘i.f°tiiliglad 1 on

HUNTER RIVER AND VICINITY‘

The writer noticed. s flock of Hungaran Partridge recently in a. clump of spruce. These game birds were brought here from Europe and being protected are iucrcasngl in large numbers. They seemed

and l

Rom for ihc past fcw months has

General Manager's Address rcturnvcil to hcr home in Graham's

his about and the indictment

V ‘small trout, in the strcams. roimdw ration of‘ existing business but also about‘ Winn the siioiims maxim“; the acquisition of new and ilcsn»

iii iiic lablc connection. He rcfcrrcd to the ‘ Pd‘ those fish‘ doubtless being of m_ lsubstantiai ovcr-silbscription of the ‘m mwmluliml~1 tum of mmd- 1°“

Endowments, Earlier in his Lcfl on Dc osit - - - waters subsided they wcrc

caught in hollows and present a He exprcsrcd the ‘Strong Liquid Position ltlaintaincd-rafllor pitiful slim" lowing up and

-which our government and Cauazla- l iiic l dians generally may wcli be proud.

lilliCliiy [i-calivmlc arc-sets being more than

Special Charges:

ircforril": ‘in the enviable record ollscld his ["7111 111 Whefltlvy River 1

Before moving the adoption or nthe Canadian banking S_‘1‘Sl0l‘i‘ltl'.ll‘-<T“l‘d 1110"“ t0 ch>""l°9l"l°““ 11"‘ i-Agrccmcms ' ' l

"Once again tho] -_____ 3114s. Robert Silliphant, Huutcz‘ iiis ii oustratcd. The type of orgunizatioulmild Mrs" ‘Sam simphanh-J‘ l limdcr winch they operate vnziblcsl i b ks .l=l‘il '. " ' . ' our an to t1 o bimd now ofilpohce

the transactions that conic bcforc ,- Car (ionfiscated;

Jciilll-s a lovlli

7on1. - - - - - Daluct:

After dcuiilig briefly with the Provision for Sm“ Pension.

Conllnisaions, axes and Gcnrral Pixpcunci- Lose and Depreciation on Ledger Ansel: Amounts Written Oil Head Ofhcc Premises

- - - - - 3 Aumunta “Wilton O11 Bonk Value of Bonds as Provision for Possible insect

Net Amount Transferred to Surplus Fund: - - -

Operating Results 0f MUTUAL LIFE

Assurance Company

0F CANADA i

for the Year Ending December 31st, 1931

7Y1

PROFIT AND LOSS ACCOUNT REVENUE BASIS

. . < . . S l . F d a at D "l l r 31st, 1930 cansiatin

of quid’ opflmhn" exemplified by P901119 W110 have maintained thclriiunow against the dink splucei urptilcincrliaili liilceatmcncitiiiiclaicervo . . i - Q 1.350, ‘t1

Mr. Wllsons reinai-K. While I doimoralo unimpaired, and with a —————— Ft“ Surpius for (iomingennirs _ _ _ "aozlizpgé

not wish to voice any prediction asisysiem of government permittingi Her friends in Wheatley Rlvcr 3 5 6-73 31390 to the date of business recovery, ltipi-Omiig and decisive action, cimaii; w-ii regret ma“ Miss Gien w-gj ‘ " " ‘ will be very dlsapnvintlnc 1f Knits in H. relatively satisfactory posi-‘mom vim has W“ visiting ‘mill INCOME ~

111111101/13111111111 111168 1101-1111113 Dlaceitlon and we are justified in looking in” mmwnotlucr M“ Almmndcr premiums (Mi) _ _ _ . . . _ $151“ 111011195

01111115 1932- T110 161111015 0f llfill-ito the future with confidence." g“ ‘ ' "“' "

interest and ltcnia (after deduction of $394,287.16 for possible loss of inicrcsi on Farm Mortgages) - -

- t'i,489,5 18.58

Ro d. l ‘against any who brook the way “i111 Mr. M. W. Wilson, Vice-President a ; gupplemciutary Contracts i d- -A - I 2,320,322.87); be severe indeed," The Prosideng and General Manager, stated that 1 ro tan Appreciation on A? grr one n a, .- llointed out that with quoted volucsl111111111fl11111°° 01 111° Bank's assets? Tm rvcmii heavy thaws m“: m 8218005 2'“ of most securities vivcli under thcir'1111 11- 1191110 11-8 high 115 $1325.909i-l°=1"-"‘”~1 111191-511 1° 1111111119115 °1

EXPENDITURES AND RFJSEIEVIIS Death and Disability Claims, Matured surrendered Policies,

Supplementary Contracts, etc. - Incrcascin Actuarial Reserve and Amounts

- 8 9,683,463.08

. 0,007,263.65 3,482,247.27 113,928.66 50,000.00

225.36.902.66

Surplus Earningsfor Year - o - - - - - - .5.44>3E5Ui11°_

Additional Specific Reserve against Loan of Principalon Mortgages and Sale

311862.43 500,000.00 ———-—- 814,862.43 8 4,648,817.57 4,648,817.57 - - - - - - - 510.277.331.47

Surplus Paid or Alloftcd to Policyholders - - -

8 4,773,173.71 139,323.00

K I V V . iii-iiiciiiiii iiiiiiiiiiiiciiiiiiig industries’ that the disposition has Lccn to deal .____ ' i _ \\.ilill ‘-\‘.il&‘i'. A quick CUlLl~\\'il(L'i' rinsc. Mil the tlll"! lcavcs Sii- Hui-bi,“ rciciieii to the piims with problems iii a sympathetic and (Canadian HESS) Surplus Fund-i a! 8! 1360111111161‘ 3191. 1931. 6011111111118 '11‘- i your skin. Your liLlCC fccls wontlcrfiilly clcan and soft. ‘Vmch 111° 11111191‘ ‘WY 1P1‘ 11 9°11‘ constructive “munch ATTLESBQRQI llaks“ Jim 31,. General Investment Rceerve- - - - Q 8Zl>i491l~94 . ' i - ~ , . f souduuo“ of we PF“1""IJ*'1I news‘ Free Surplus for Contingencies - - - 4,538,343.82 lur your daily licallty Contcst, gct a iluzcn calms 0 prim companies in Edsici.“ Canada, Business In Other Countries 0110 11011011111111 “T15 S1101 (16811 411111 ‘ s 5 364~H34J6 . . . _ . Y -i ~ ' it ~ _ a d .' - . d ti ' ' - - _ I a other as seriously wounded by ' Clio), tllL out soap ilhllatnl b) ,3 lultlllla siou doctors dlclmzlilwlllgflipthoiiliniamgigllhliilé s: “Entirely lsntlsfactorsyil‘ were mclag umdljnmipd ma“ they Md , v v ii-i i; .__ i . i -. words used n dcscriling the bank's - e i _ zt::;i.;..:::‘;":..;:::.i;rzziizi::2:l1x11111111 o1 :3 “i” "i" Outstanding feature-i of 19111 bmtmnenl- . . 1Q Coiiiiiiiiii in iiiiiiiiiiiiii iiio 5,,pi.,_ ' the foreign countries whore it cpcr-l “u °m° e ° p” Ce 1C " ' ' , . hiaov to which she is ooiilloii livl“l°s- m” msmlght‘ ' l n in cucv Reserves - 12.412 836.25 4n i i- i i i i i ‘ I Mr Wilson pointed out that the‘ The gunman pu<h‘ri b’1'11 urP us u” s an o i g ’ ' ’ lcasoi o icr nn ura ucviin ages. - - ' i i ‘~ '* ,, Bank's foreign branches have i 1m g iii 5 ohllc ’ ' ' i ' ldcrs - - - - 3 4- 989 562.3 l THE S Q A P O F B E U T | F U L ‘fr, 0 M E N Railways l llcrt-r been allowed to expose thcm- ,' xiii; biiilmglclcti CEO ihoedil: ash-uh Dlvldends pald "Pohclho ’ ’ rim ll‘ i. i ‘Y ‘Y b ri-iiiirmcniiaiii Th“ nppolntrmcnt or n My“ u 1 s;]civ0s tto] risk of loss through ex-ilnm and csnnpcd m "H Tom] Assets . . . . . - - _ - - - $125,848,128-74 .1_ .7 ,. c i . 91,; _‘ _ y _ _ 1 il-I. ciangc uctuations and as ii result ' ‘ ' ‘ , _ _ ‘ v .. i _, Z(I1)iIl)‘ili;l¢:*-li()$lnd\\ {tiae nlieptpmeii \\i_l 1.1191;- cxpcflence ijiiiiiig ‘the iiisi-i‘ The dead man is pairolm n.Ed- New Assurances paidJ-Or _ _ _ _ _ _ s 53,19_{_V;)()5_00 Y fi, “ 1h It such a c n I "110 91011055611 y/car had been entirely satisfactory. ward Gobin, 55, night patrol drlvcl‘. . l ol ‘s ‘ . ' ~ ciibiibie oi. bi.in'gii'i‘g* ignrsgiflgigcxlzf _ who for 15 years was n11 1115119111111’ Assurances H] force December 31 st, 1931 - $5ly3,379,937.00

A little JIKllFiUUS thinning to lct

inching i:.‘.'k iii the case o! those lllk growing fail flowers such as llama, daiil as

_- ..,_>,._,.i,,i.. ~ .I&4‘|' -(IYIL .; in- -evlll:

T0 HASHIN BIDOMlNG illlLlllfi, wil hurry blooming. It may be ncccssnry to nip the main sicm about _slx inches and if necessary

l some of the side shoots as wcli. This iaracticc usually starts the plauls blooming in a wcck or ten

days.

to the sunlight, supplemented bi’

and chrysanthe-

l

l

to ful

llllllllllllll,

The Moderr. '

dutious WliiCll would in large mea-

sure solve the present very serious‘ me Qcpincifjlllmffllilijlt iilglfgirifil-fifiroeiisffil: 113117911116 ‘mhnson- 25' 60m“ l“ situation caused by uneconomic.‘ ~ d‘ '- i v i . lis own automobile was invcsti~ competition and duplication of scr- i Lommo my price lads to the bash‘ I i

vices. Tile Prcsidcnt stntcd “Sav-' lugs to the country of from $G0-' 75,000,000 a year are possible and this without impairment of scrvicel

Pointing out m“ as long ns|forccs would soon be at work in other tip-if! bagriiiit-slagniust British Ein-

l‘9 OD S H ' . . gigging parts 351316; i factor of business psychology is one 1 head, anti then wounded 11101113503 protect themselves by concerted y,of constantly increasing importance" , lic thrust both men into tic s re. action, he expressed hope in the Mr. Wilson declared. Distrust results oi’ the Imperial

duccd a. scientific tariff structure which would stimulate Empire trade without handicapping home industry.

Commodity Levels The wounded ma“ is rrvsPrve off-city

of 1924-1928 was essential to a callus a rclwrt that =- HPH 1111’ irealiy satisfactory recovery in world , been sccn acting in a suspicion 1 ii - _ _ I ‘. ._. now being considered by the United l with Johnson‘ Gobi“ localized m States Congress and felt that they I “lmngwi ‘liwstmned him and p“ justificd the hope that; corrective him into the automobile prcpnr

the public." r. l. illcr 1i Conference that . Mo“, to mmm to police hemp try}, I i P h quarters. The min suddenly drew I18 . l "As the dhlifizssitjhrchritighucs the a pislol’ Sh” Gobi“ through thy

i 001111

nations raise intolerable

year 1931 iii-rt t‘? . in 1932. and and drove away. Conference i lack of confidence are largely res-i Gobinvs cm- “iiis found abandon- be held in Ottawa. provided care- lponslble for the extremes to which - ccl shortly afterward. imi-iiysis and close Study world buslncss has gone. He indl-i catcd that we in Canada. had been _. particularly fortunate in this rcspoct l “m! “m1 "Cmmdence l“ 01"‘ comm’ ous tcrms that we must not get into “nd In our “bully 1° 5°11"? mettle frame of mind in which w.-

.o_

reciprocal

Public Finance

The highly satisfuc’. p _ _ past year permit the payment t0 policy-holders during

1932 of the same high dividends as were paid during the

.. ‘1 _o

p l

Lowest Expense Ratio in the Company's History. Death losses were well within the expected. Surplus earnings pcr $1,000 of total assets were $43.41.

I I I

y results; of the operations of the Z‘T"".".1‘l. increase will not be made

Y V Y

A Purely Mutual Company

Established I869

RECORD OF PROGRESS

The success of the National 15 nmPlY 11159111911 by 0111' P1151? 1060111 , holding their own, he (lcclarcci, ll"i(i , I AIR“ pnifilliiliniiiii." £11111’; 3111111611 Loan was referred to as a “m! future 1“'°51’°°l5-" Luck 91' 111' ‘ \vliiio reduced earnings for tho "l" Iii-tom: r-r coll (v07 $11034 807 ilotublc achievement. Ho stressed lt°rl1l1tl°1ll1l Confidence was the m111l1' time being may bc inevitable, we. I 1831i S» l l.(i..0 $1.‘l-11»-1~(l_ "'_(‘ .. ' l, ~- the fact that both internal and 11111511” 1“ 111° W111’ 1° Wmd-“dd” should be cralilflrd 0111111 111151101- i 101i $3,329,511 $18.10l.8»l. S-‘L-LIOO $llll~pf~11fl wtcrnal rcvcnuc had been reduced 1111911955 rcmvfly- Mr- W1l5°11 ‘V6111 iod of transition a great majority of i 19-31 q»)? Q30 9,19 $191; 8,1}; "[28 $'[.t_(>(yf]._372 $S13,3l9‘937 _y the decline in the activity o: '3“ 1° 911111655 111G 0111111011 111l11¢011-iour Canadian concerns are more l ‘ “" " ’ “ " 7' ' ' '

l

‘HOlIf/WATIQB BOTTLE"