DQCEMBER 29. 394.1

THE ROYAL BANK OF CANADA

Montreal Stock CENTRAL GUARDIAN A||i6$' Grand Strategy

Exchange

i-i-nm

THE CI-IARLOTTETOWNjQARDIAN

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rllili‘. FIVE

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w (Canadiap i»... General Statement, 29th November, 1941 ' l-IAIILITIII “m” ' m" g mg _ B611 T91 L’ 1W . “mm” u‘ ‘m’ I I a ‘n . _.___3'm‘°7"“ Can Car Iwund 5 1-2 8 23.209.074.84 Can Qar Pfd "-196" Can Ind s1 a a i-a i WW1" 83 50%.. o .-= l 51.956.171.41 gslaness t 36 1-2 . a . °" 5m" beefing“ ' Dist Beag g: 1-a _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dom Brldgg 33133 ii‘3='e’é'ii’i'iiie“i‘li.‘fii'i’“if.ff.i‘.if”i;.' n. “""'"°"‘ Dom 8M1 B 6 H interest accrued to date of statement. . , 417.403.399.71 DOD‘! TEXLUQ '19 1.2 Depiggtiulaa-lances duo to other and n “I l. Found; Cg 18 ‘ dbhlaoqu . . . . . . . . . .. , , p Tob my,‘ “Qfsiifilhmfl. &°°'.i.§"i§.?i"eee"'k m; Nickel s4 i-z foreign countries . . . . . . . . . . .. . . .. . . .. . .. il.00ll.il7.l6 “G “t1 POWH’ H l-I 1 h 1, “kl _ ii‘ '1“ 195-" Nile BIBW Z5 1'2 Eflifikfiyiei’. ‘d! :'t°"°‘;"‘: m“ “-"”:“°-" Nat Steel CB-I‘ i: ‘e uncesan e erso or t , ' ' Licullaxirlitiis to éhedsmiblic not lingliidginun 3s'9“‘“°'°l gfiffgfgan 13 1.4 oreoing ea .......................... 13103173 s‘ Lawc mo sl,o1s.|i9,7si.cs g: 3-2:“ ‘l’; 1'4 l! _ IQQETQ Bi’- 01 Gil-ll Nd 6B i-I h Id i Can d . . . . Queue?- fioin 111i; in cilia“ ' 1559,1321: . u s a l e e aew ere. , , z‘".‘f.i.‘.".y‘li‘~.“r‘i".friw." M t 1 C 1, Notes of Bank of Canada . . . . . . zgjqlqamg ll r Deposits with Bank o! Canada. 61,925,375); Notes of other chartered banks , 646,553,” Government and bank notes other than Canadian. . 13.468.117.28 (‘an-F ) Cheques on other banks. . . ' Il4.177.0l0,91 r n" ”“"¥.“.‘.‘.ll"£.‘.“c?.?$§’..'.".‘7‘“ smi- vim Due by hanks and bankin espondenta elsewhere thaninCaxiadssu-u. ..... .. 71547.53"? Abltlbl Com 65 Dominion and Provincial GUI ent direct and tuJolJux Abtubx Pr‘! — 1 a guaranteed securities maturing within two Albfilifll 15 ' years. not exceeding market value . . . . . . . . . . . . . ZOEQOJJTLM Bllllllffl A 13 3-‘ Ofhcr Dominion and rrovinciiil Government direct Don A 4 and guaranteed securities. not excecdi rnar e n C Vlglu€ . . . . . . . . . . . ..‘. . .. . . . .t .J._. . . K131335743 gfirAl/T“ 15 8 4 no ' ncliliii?‘ l?i3.'.ai.;.".i;.';. muslin‘ " ' ' ‘i "uuuu Iii“ yhliki” 25s?» 13.349.017.73 Ina‘: o“ a M e M. I) ‘ma’; 31.449.116.57 1m Pele lg t: Canada on bonds, dcbent n, atoc a and other Price Com securities of a sufficient marketabla v I to PflOQ Pld — cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,340,019,“ _ IaII and shore (not exceeding 30 da s) loan Isa- w are than in Canada on bond)‘. debentures, stocks and other securities o! a aufllclant marketable value to cover. . . ... .... .... .. .... . 10.0mm,“ Banks Qinerit liOllllldleféd discourzt; ‘in other- n“ n, a“ ' "Lflagom. ______ se ncu ,etrnat o pmiili . . . . .. . . . f, to Provincial Eoverruncn‘: . 1.036.615]? (Cllllflllll PPM!) rzlsiazroicitcilt to munlci l5 “E m‘ v Current loah counts than In i l ‘ stock‘ ch” Canada. not otherwise included. estimated losa provided for ............................. .. . . 75.554.65.62 Canada - Non-current loans. estimated loos provided for. . . 1.5745848! Mont-cu 15¢ -————-——- 835.597.199.16 m“ __ Bank premises. at not more than coat. leaa amounts written cl. . . 14.218.241.17 Comm rlfienltcstate other lthstntbanilsfgernhaea . . . . . . . . . . - 1301.38.39 Royal Bk 15 o iiesonrese a so bank. .. . , ... Llnlsiliitles of cuatorherauunder" ycceitanooa and f and! as 667'“, 3° Nova Scot“ pct contra . . . . . . . . . . . . . . . . . .. . . . . . . . 35.906.450.01 Shares of and loans to eon ed com . . . . . . . . . . 25.182.415.97 DCPOIIIQ-afkh tha Minister of Finanos for tho security of note dr- wo Y k s k on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ofllecru assets not included undu- tho foregoing heads. . ‘Wilding?’ N o r

$l,075.II9.76I.66

S. G. DODSON General Manager.

\

M. W. WILSON. President and Managing Director.

AUDITORS‘ REPORT To nu Siuaaaotppiis Till Roui. Ban: ov Carma:

Exchange

y... .i.‘.'l.‘.."..°i§‘3.§’l"L1.JI'.?J'Z.7'ii§'i§f.';'§i‘ia§i.§?§’%$Tii“i/lii?3 5's‘; 112i §‘.’i‘§i'.'.".':.§?ii‘.'l Wimu" "ml nun»; (mm ihe branches. \Vo have checked (he ca and the securities represeiiiing the Bank's hvnlmrnf! held ar she Head Office s: tho cloie of the fiscal year aiirl s: various dates during dis slggkg year Aiv-Ilfi slin rliecked ihe caiii and ini-escmenr seeiiiiiies as several ofsiis important branches. \\ c have obiaiiied all the information and explanations n vs vs required. and in our opinion iii IIIIIIICIID‘?! ofihe BiflkkWblCh have coins uniiefioiar notice. hsva bee: within the powers chins Am C 511d I‘ lfl . e v ' ‘ ' ' ‘ ..........:.".:;;:i=i.":::.:.i::.b2rr::ii.i:":::.s.::;.l':1.x:.':..i:':.':.i.'=""-"=- m, Egg? AS. C. ROSS. CA, l ‘I oil’. s. m... i. s...» l A d gzfdvivrAgm w. GARTH THOMSON. ca. " “"- ofPesgMarwichMitcliell ac». f Bel-h 59°91 Montreal, clfllllhntttmbllzl’, 194i. C1188 01110 Chrysler Con Edison PROFIT AND LOSS ACCOUNT m“ alum m“ Bl fPflndl. ccounlllthN i». Ge" °° ' 'i“e°i°i>.°....".°..‘..'....f'.'.A .... ..'.‘ ..... s 8.l9l.l46.1l1 Gen Motors Profits for the ycar ended 29th Novanber. I94]. after Gt, Nor Pfd providing for Dominion Government taxes Kennecon amounting to $I,892.2l4.96 and after maklno’ a lo ations to Contlirilgen Rem-vacant you?“ w c eserves prov s on or Ind II doubtfuldebcshaabeen ds......-..~~.... $835,911.47 Nor Am co _ i 6.734.074 ll Penn RR APPROPRIATED AS poLLowsi Phil P" 9° IlividendNo.2i4 atB s 700000.00 3m 0“ NJ Dividend No. 11s n a per lnnum. . . . . . . 700,000.00 Texas Corp ilividcnd No. 21h at a , per anrium . . . 700,000.00 United M.- Dividend No. 2l7 at 8 n per annum. . . .. 7 .000.00 U s Rubber r ens u sh p I Fund Soehty Agozglgig 3 8,51‘ Cog .on u ant s enl saaahnhala . Appropriation (fior Bank Pigsgniaea . . . . . . . . . 4 '000. v53‘ 61301.0” Ba ance of Profit and Loss carried forward . . l.Z09.074.M a 0,114,014.04 Ww- Elw iii?‘ woglwgg-Lh

M. W. WILSON. President and Mlnlflfll Director.

Montreal, December 21. I941.

I. G. DODSON Gcisral Manager.

THE BAPTIST CHURCH the God of love and tenderness. "our Father which art ln heaven". Christ, the only mediator between man and God hath revealed the father.

If he had not come, our world would lack his estimate of human values. the sscredness of human personality, the brotherhood of all mankind only where the coming of Chris has been realized has than been humln liberation. The message of Christ ls love, this wprth of man, the brotherhood of

e

If he had not come we would have no glow of the star of hope, the eternal power of goodness, the confidence that builders shall pre- vail over destroyers, the ultimate triumph of good over evil. In smobs and noise of battle shall vs

Al; the morning service ll a.m. a large congregation heard the Rev. I. Judson Levy in his sermon on "If Christ had Not Come." suggested by s few words from Saint John 15:22, “If I had Not Conic," one may wonder what kind of world this wouid be had men novel‘ heard the angel song. Never would we have known the revela- tion of God made plain in the ad- vent of Jesus “the son of Man hath declared Him." Our philosophy of life ls based on our conception of God, the world before Christ coped for God, only in Jesus do we see and know and understand

Professional flarils

mas passes shall we return w

thinking primarily 0f self? May

McLEOD a. asunsv gfi?" "mm m" "i °'" W.I.BENLIYK.O- Thalnonlinganhhsmwasw s. s. ssmtsil. n. c. - ma; .

c. r. asurtsv. bus. fi-mlifmw" ( “mm m“ Barristers The Church School met with

and Attorneys- aa- La

I fine attendance at 2.80 pm.

"W1..." ,,”° w“ mwefi-l???‘ fiiiyfiiefi with deep If Map bye will coywfgigflnyt gnu-f}. 55mm,

"Whfo Shepherd's watched their

flocks by Night.”

liorrell and Coapany B. F. AROIIIBALII _

Chartered Aocolmlanla Iastsrn Truss landing Charlottetown

Says Japan will Bo ilofsatoil first

sis" "ll..’.'.:.'“ n au wouldeybs out of the war before

M. ALIAN FARMEI

ici-gei u» angel song? As Chrlst- H

SYDNEY. Doc. fl-(Monda )—(A

PI-rbnner Prime Minister Robert a s s

bod“ th t Jm 113:’!!! Blah

‘y r- Budbur! Cont

Close 30 1-4 11D 26 ‘f-U 18 1-2 39 1-2 63 3-4 32 l-i 43 7-8 l2 I0 25 l-l 30 19 7-8 36 35 1-4 ‘l 1-8 0 5-8

5.8

Mining

(Canadian Press) ‘IORONTO, Doc. 28-

Bloch

Arntffeld Beal- Ex Broulan

Cdn Malartlc Cent Pat Chester Cochanour Confer-um Dome Oil East Mslartlc Eldorodo Falconbrldge Inilcoeur

Slave Labs Stoop Rock

“ us a a ug ‘MA L“. “RYE: 11a will lmosf eei-mniy five"? ii BAllIl-lgfal-lg,‘ fléllellllflll no. wmrxgnknmug m, Llflg; 1W“ noun co com. E2239‘: w.“ ,, macgm. “m,” . v offered ~. ALEX w. MATHESON fitlzlhinfifi We” d»... .09 l W" M" moral and psychological reverse. Ym" Ya

'.f§..“'“i.“§...?°"°"é’.ii.e5§’ s! Ofllcs: ll Great Gsargs ltssal. hat-Nil

Owls have eyelashes aiads of a.

This aolainl la raaarved for asws of lseal lnfaraal. but advsrtls I a asway altars may bl Ilasrla colts a ward. advaaon

A I

_ _, _ Hlnging On strictly payabla la

BY THOMAS M. JOHNSON NIA BIvlco Military Writer The organisation, in Wssizingfon.

,.__.__..._.. COOK STUDIO when

9”?“ n‘ “m3 Plwmgnph“ Olcflthsliplxllglb War Council ho dlr-

' — cc e ics’ grand s ragegy of eififfiihfieh‘ Jifhiméefi; "l" w" w- emmmw- born or we Civic eleeiieii. L-113-12-21-4l "mfllmml "Y mmWY ""1 naval

.___ ‘lebaltdpisilfnf-lrwtthatthlsgreat-

CONFEDERATION L!!! INBUI. ° W °n° W"- gflgg. 1,91; The Atlantic and the Pacific are not compartments. but comple-

30/ DISCOUNT on 4th installment mmlfi- 50 When the Allied strate- cltblaxes if paid before Januaryqlst, gist-s meet around the green-cov- 10 , L-173-12-' -4l. cred table, their first attention will be lven to the following things:

B ngaporo ls the key, not only w ills For East, but indirectly to the Mediterranean theatre. It ls Ja- pan's prime objective. because vic- tory there means far more to the Japs than does even victory in the Philllppines. And it means more to us in the long run.

And Singapore ls in danger soon- er than was expected. Its protect- ing battleships are sunk.

The threat to Singapore was suddenly intensified by the all-out onslaught of some 80.000 to 100.000 Japs against, the Phllllplxle island

FUNERAL SATURDAY - The funeral of the late Mrs. Ihanklfn Bhanbon of New Glasgow, N. 5., was held Saturday afternoon from the Salvation Army Citadel, Char- lottetown. Service was conducted by Capt. W. Mercer who also officiated st the grave. Pallbearers were: Messrs. Percy Dovme, Ralph Crook- stt, Samuel Vail, Bl-ooklnc Vail, Wm. McRse. Ralph E. Bevans. In- terment People's cemetery.

NUMBER 0F ROADS OPEN — Although the Charlottetown-Sum- mcrslde highway ls still blocked w

motor vehicles. plows succeeded in 0f B1110"-

clemng the majority of remaining T"! JED llhd IOIQQS. 11gb“!!! aved roads to wheeled traffic dur- WIIlhWBTYi-S ihrvu-sh the narrow ng the weekend. The st. Peter's Malayan peninsula are probably

finding the jungles helpful. Our army's experience indicates that in jungle warfare, the attacker knows whore he will strike, the defenders does not, and whether from ground or sir, has difficulty 1n seeing. To the anti-Axis team. llie Phil- ippines are the 40-yard line and

highway to Souris was cleared and cars are able to travel from suin- merslde to Borden and from Sum- morsido f0 O'I.ies.ry. The Montague road was opened early lust week. Plows got only as fair as Brook- fleld in an attempt to open the Charlottebown-Summerslde road _ last week. A severe snow storm a Slnsflfme 1B the 15-yard Ime- week ago plied high drifts on all Singapore ls the great crossroad the main roads of the province, of the Far East, and on that. cross- whlch still remained open. and road 1s not only our tin and rubber prevented wheeled traffic on them. Supply. but one of the world's Emil

-_-_- oil filling stations. We can best

OLD WELL PLAYs PAIVIF-Ah

starve the Axis by starving the old well, dug a century ago to sup- motors of its airplanes, tanks and ply a Charlottetown dwelling house tnlcks. To hurl back Hitler from with water proved valuable in re- the Caucasus oil country is not verse Saturday during the iii-e enoush unless we also hurl back which swept the Woolworth store Jail"! from We Illdiefl- 5abf>lflge on Queen street, The well wag 1o- of oil wells could be repaired in e cewd under the Moon and 1m- long war; oil could be taken Izod store, adjacent to the burned ihfwill We R66 $98 i0 i116 Medi- buudin.‘ when m; mm; Q1 water tenanean. which then had. become cured on the fire began to seep 8n Axis lake. _ mo m, Mom-q and More“ 1,55% Not s11 at once, of course. First ment fl; was found the old well Mew would be w use Smswm M rovlded a convenient way to let n hm- nse-lnsi ships bearing pre- f; drain off. Water caused some

clous war supplies from America. dgmggg g0 the Mom-e and Mcuod Australia and India ‘to the "new basement but the loss was lcduced arsenal °f demwmcy’ w‘? f" e5‘ by me easy means o; escape found tabllshlniz in northeast Afiica. All through the 01d wen It had been this ls the picture 1f Singapore almost forgotten mm the Hm falls. For it ls the only place south Older residents said they believed °i Haw“ “he” m" “at” Y1?" me we“ w“ on property formerly can base. Hawaii ls 5000 miles owned by Mr. William Kurd. ‘;‘If,§,l"33,§§ ‘f, ‘Iltfitwgéesfiel-l’ Q12‘; ____ s . ave . SUCCESSFUL CONCERT _ by mm“? "Filly {MIR *0 ‘flake pgfigggt 1.0% arergrtfd thédchrlaswni gig; more mobile-but, fl; ls a. a e nee war as - svenin which was sponsored by the Chsrlo tetown Male Chorus and ss- U- 5~ 1105555 TN 53173 slgtlgag aéfillsllg. Proceézglsiswere lilimald MUST BE REPLACED o e men's mas nd of the Charlottetown Free Dispen- That ls why, to play our part on sary. The enjoyable program con- the anti-Axis team, we are has- slsted of choruses. carols. vocal sn- fgnlnq (,0 wglgqg our nwn 103595 10s. aTpxlano selection and a. fmum ct m ‘hips and 5m“ Gum's 105, solo. e male chorus was under 51G h t). u- ; ' dkecflo l, Prof J h“ I h d ampers e a. erry. but heroic T ‘i: ° - ° “c a" Wake and Midway are still there

33mg" algtgisfiglliagidgr?gfn% g5‘ and so is unadvertlsed Samoa.

Important on the sea ferrv is ggglérfikgfkgawgiaxé: §ia$lc€msfi1§f another unmentloned island-Cocos. ley, n. s. n. and Mr. Charles Earle. “"- "mle-"i Firm haul" become-s- Mn Albert Blanchard w“ “mom, through Costa Rica's war declar- ation, a treasure for the defenders

psnfst. The concert was under the of our great ferry-house at Pan-

dlstlngulshed patronage of I-Ils Hon- our, Lieutenant Governor B. W. Le- Eml-

Page and Mrs. IoPage: Premier Off the Canals Pacific entrance, Campbell and Mrs. Campbell and tiny Cocos is now a. Warning sla- His Worship, Mayor B. Roy Holman tion against what struck Hawaii- find Mrs. 110101811. dawn all‘ attack from carriers sneaking up overnight. That dan- ger was foreseen at Panama and two years ago I saw calculations against it. lacking only one factor -Cocos. Now Cocas slips into place

Personals

Gm. John Caswell has returned to his unlf. in Quebec after spend- ing his Christmas holidays with his wife and little daughter st 5t.

AVnrd-l. m‘ 1‘

cles reg to th

Bpurgeon MacLennsn, R. C. A F. and m the event,’ lemm

now stationed at Mount Joli, P. Q.. spent Christmas with his wife at her home in Victoria, left on return for Mount. Joli on Fuldsy morning.

AC2 J. W. McCIoskey and AC2 J. J. MacDonald. returned to No. D Flying School after spending Christ-

as cave at their omes 1n Bear

I'll Riv"- the flnal word. If. will be Camille Arsenault left Friday Eff“,

IIXOIIKCIS.

"In an hour when ye Son of Man cometh."

“Though we klll our prophets,

. of ‘depart’ or ‘come.’

with his parents, PM. I40 and Mrs. do” Arsenault, City.

Pte. Ieo Arsenault of the Veter-

drew illustrations from Christ's

n try on earth. and from subse- quent events. He referred to prophe- o last war up to the present conflict, showing how these warnings had been ignored. and the prophets denounced as war

I-Ie quoted the Biblical ngrophecy: thl not the

n

LSeen

Singapore

‘That's gOOd news, for next to sabotage, Panama's (realest danger is from sil- attack-worst of all, simultaneous attack from both oceans.

Despite myriad difficulties, not only the Japanese. but the Luft- plulned for such an attack, pre- wsffo were known then to have ferably “lien ships were transiting the canal to meet a. crisis like the present. And, one bomb in a lock . . . . . . .

Panama. Singapore, the Philip- pines; those three loom large in talk around the green-cloth table. There the Philippine picture looks a little different than in the head- lines. Perspcctlvrs have changed since we drew our (lefcnse policy for t-he 7000 isfands. Under our former policy we would give up 6909, fight delaying actions and scorch the earth everywhere save on Luzon where we would concen- trate defence.

It was thought that if the Jan- ancse could not take Afimlln, naili- ing else nmilri matter, because our Pacific Fleet was srrongzivr than theirs and would sink tlzell-s and starve out Japan. Or if the Japan- ese did take it, we wnukl take ll, back later. We WOYE so sure of this that scme thought we should not defend the islands at fill——jilSi'. come back and pick them up lifter we had beaten Japan.

That was the old plan. It was dropped when Gen. Douglas Mac-

Arthur persuaded PliflfildfilllS Iiglvivs 3e astounding) nnii nearly Roosevelt anti Qurzon list 11in is- filly 011.1 cruise 12000 i.) 20.0.10 lands could be hold. But. now collie lYW-‘S- ‘midi/111! 010m)’ oi’ time to Pearl Harbor and air-power. lurk in the Sm of Japan or of: cs0 nrliiy. Malays. 'l‘lwl‘e the iveiers am So we illust help Chins and Sing- REMOTE CONTROL studded with Japanese warships,

BECAME I11 PORTANT

The lnlenllon back of the separ- ated Jul) lanclinzs in parts of the islands that in old IVIIIKH‘ sec-med re- mvlm and ins‘ ‘Iicant may be to use them as tnkcofis for lumps over the once formidable Luzon moun- fsills by pnluchiltc troops and nir- borne infantry such ns caplxllfui Crete. Al. nlly rate they are false- offs for bombing of the Manila area, especially of our naval in- sfallatlons.

These are Inlpcrfant right now, 1116 mic at

N. B. Soldier Wounded in Shooting affray

he said. "there is one who will have

the un-

ted word of Judgment or ftlfi-

mmmnl "l" Awndinl chimm" word of the open portal or the shift ..

SAINT JOHN, N. B. Dec. 28-(0 P)—Suffering a bullet, wound 1n the abdomen. Sgt. Herbert Lobb was reported 1n serious condition fo- nlght while lice held an elderly civilian. No c urge had been laid.

The shooting, with a revolver, oc- curred ln 1000's residence at. East

ans‘ Guard of Canada left Satur- Gfain Saint, John Saturday night. follow-

day on return after spending his lmé a rcpgrted lqliilllél. llnringgeara

1; wl esprea mall lllilb a mal up -

Close Onhrmuxfifiyxfllfiazumwh h w“. --_- ed voluntarily at lice headquart- s14. ' " In‘ din ' “h... i (“Fain "gogglstlggestlorllzle uixigiytlelsdiqgeeni ' . ..R. ff Vf-POOI‘ l 800 HDQSFH ° §"_-f - 41-4 eraQnIgBGuErd ervgziihdi 13: Szi- excmnre Sslflirdfli’. WM" will!" “ mfiw“. °’ Sh“ 335.21 ulefltlliyval‘. 58 l-Z “may on return “gm. spending m; prices slumped 1-B--33-B cent s wfl-S 16001 m! nflmwv- Willi B -