FINANGIAI. STATEMENT

I'D: THE POLICY IOLDIII 0! PIINCI IDWAIII ISLAND c MUTUAL I'll! INIUIANCI (DHPANY

. Your Directors wish to submit the Iixtaantll Financial statement of the Amalgamated Cosnpaniss for the year ending December am” 1958

if there were no amalgamation this would be seventy-Three year; Prince Edward island Agricultural Mutual Fire Insurance Company would be in operation and the Fifty-Eighth year the ts-iginai Prince Edward island Mutual Fire insurance Company would he in operation, During the year this Company suffered a seven loss in the passing of one of the Directors. Mr. Walter Grant Macxenue, Mr. lilacKenzle was one of the Senior Directors and was a very conscient- ious supporter of the Company. He would not in any way bow to any pressure to which he might be submitted. if you will eat the Financial Statement as certified by the Auditors you will see that our net premium income was 8146,0815: for the year ending December 3ist., 1950. This is a decrease of ap- pruximate' 8,000.0) when it is compared with the lass income. The interest income has increased approximately 3400.00. The losses which we paid amounted to N7.i09.00. This is 0 de. crease of approximately 3m.000.00 when it is compa ed with the 1955 figure. Last year the losses were approximately 77.5 per-cent oi the premium income. This year the losses are 06.1 per-cent of the pg-e. mium income so that we have a net excess of receipts over expend- lturcs of 316528.00. ' we carry a total of Mi.n80,430.00 fire insurance. You will notice that this is an increase from last year. No doubt you will wonder why

OTTAWA, (Special) - J. Wat- son MacNaugl1t, Liberal M.P. for Prince and parliament y assist- ant to Fisheries Minister Sinclair urged the government on the floor of the commons W " lose no time in appointing a com- mission to enquire into the effects of freight rate increases in the Maritimes and to recommend re- medial measures."

For many years. Mr. M.acNaught said. transportation had been the most thorny problem for the Atlan- tic Provinces. The Gordon Com- mission itself had dealt with it to some extent and had recommended that Maritime freight rates be the subject of a special inquiry. Every commission fit the past sixty-years which had investigated Maritime

to time Provinces. The newspapers.

MacNaught Urges Inquiry Re Freight Rates Increase

The member for Prince said it was unfortunate that the Gordon commission report had received unfavorable reception on the part of daily iiewspaperg of an Mu-1.

he felt, had emphasized the neg. ative sweet: of the report and had Vlftl-Illly ignored many worthwhile Iulxcstions that had been made. GREAT DIFFICULTY The great difficulty at the pre- sent tinle Mr. MacNaught said, was that the original benefits coni ierred on the Maritime Provinces by the Maritime Freight Rate! Act. had been "whittled away" by a series of horizontal freight rate increases.

its congratulated 'l'.J. Kickham. Liberal M.P. for Kings for the able way in which he had dealt

affairs had stressed the problem of costly transportation.

with the problems of Prince Ed-

ward island in his speech on the Draft Address the previous day. When extending congratulations to the mover and seconder of the ad- dnil ln reply. Mr. Macfiaught re- called that he hlrnself had the hon- or to move the address in reply some 10 years ago.

Two years use. the member for

Prince continued, he had stated in the House that he felt the unjust United States tarriff on Canadian potatoes should be renegotlated. The U.S. impost on potatoes grown in the Maritime Provinces was in- equitable. he said. and was a mat- ter of much concern on the part of Maritime potato-growers. "1 lI0P9." he said, "that Canada and the United States will get to- gether and work out an equitable tariff arrangement on potatoes."

He told the chamber that Canada had asked and had been granted pcs i ' to review and to rent.- gotiate the

The Guardian Page 13 Thursday, Jan. 24, 1957

Delightful

(Continued from page I)

the eerie "Danae Macabre" by Camille Saint-Saens: the-beautiful "Papse Curumiassu" and the sav- age "Xango" both adapted from Brazilian folklore by Heitor Villa- Lobos.

Acoompanist John Wustrnan gave the audience a brief glimpse of his artistic ainrnent in bril-

liant. masterful interpretations of

Intermezzo in E major, Opus 110, No. 6, and Rhapsody in G minor, Opus 79. No. 2. by Brahms.

The ' t applause of a well- pieased audience required Miss Mcmurray to sing three additional

numbers after the conclusion of . the regular program. As encores '

the artist chose a humorous sketch. "Tbcre's No Hiding Place Down There;" the ever popular love song "In The Gloaming, 0 Darling;" and from the deep son "My Lindy Lou." 7 MOUNTAIN AREA The kingdom of Nepal in the

potato tariff agreement

with the United States. This is a

Erlxtlcc curled out under the a .

the insurance liability has increased when the premium income has decreased. This is due to the fact that this fall we effected a great amount of short term insurance which produces a small income and which runs for a short time but which has to be taken in as a liability as at December 3ist., when the short term insurance is at its peak. The short term insurance covers produce such as potatoes. grain. etc., stock and fann implements during the six months of winter or from November until approximately May. '

Our net income from insurance on farm and fishing risks was 585,507.62.

N we 0 TOWN was the fact that unlike the town-

owned ,uipmcnt which cannot spare the newly shoveled walk or

Himalayas covers 54.000 square I.” 7; miles, including Mount Everest and other great peaks.

Alberton United Church Annual Meeting Was Held Wednesday

The annual meeting of Alberton Pastoral Charge of the United Church of Canada was held in the church hall at Alberton Wednes-

II I AIRRT I

An R.C.A.l'. snow blower. which snow blower cruised steadily along was made available to the town cutting a nice clean edge right to of Summersldc for a few hours the curb and depositing the snow through the kind co-operation of in any spot. direction, or distance driveway. the snow blower ls con- group Captain W.H Swetman. com- the operator desired. trolled so that the snow Is deposit- manding officer of R.C.A.F Station A mature of me machine which ed in some other direction.

years an it was expene for Eon-

gregational purposs. The llil

president is Mrs- Earle Atkinson. Mrs. A.C. Green. president of the W.M.S. Auxiliary. reported a mem

sidered farm risks and other miscellaneous ridss such as churches. 15 um, . 1 t g u, 1 H ,;c, 9Vl:d';n:lI::si:,';?::5l5a;:'i;ex::I':g'l me” l:::m,;r;)00ner,3;us,f&I,e;1 a';go::b?,,; Kellyx-princess of Monaco. gave subjects of France's high taxes :Il:l;Te&icf:nra:,""oal3gd nu'p':gblim,. The loss percentage of the premium income on rural buildings in mg were "ad by the recording pounds of used clothing for over- glmh lgvdedglewg l0 3 :13hl'ik 'l”lP9d and mllll-"Y ilgallgi M”lc'l3'”;u” which ind been of great concern i956 was Seventy-Four per-cent. The loss per entage of the premium sgewal-L Roy 1,0,”. 000 mowed, seas relief were forwarded to Tor- olisglg w (3138 H": 98 "K Glgllt Him! DOW 81'? BE!" 81 G In to me town. ' income on other risks for i958 was Fifty-Six per-cent. Rev. DL Wm. H". the upon of :vx:lll0.dEd0lI2lLil.I:lol.y friendships art:-;l;k P "The.de”verI; Sven.” very quick! mlsofxry asgglcghg .gun. mmled hAftcr the. firs; gig snowlystorm S c u me ca s, y , t ; com. . The following is an analysis of the losses which we paid for the gznslon Xorogleuggst .z::1re'yF?ir.::; pital calls, 83 treats. 163 cards, 35 and in a normal way,” said a booming, Monte Carlo radio intcr- plwwgllnpvzxfk :1 o::;.:; meet, , yell" 19552 ens: Sm", , '50! mem,” letters, 24 bouquets of flowers. four medical bulletin signed by three "Med ' I” ”"”” M Mun" when a much larger snow storm . - , "P" y " removal notices sent out and one attending physicians. "WSIC ind "'9 9'1"" '"m”""c9d mocked gu m-eetz again, andwhlls KCIISIIIQTOII. Po E: '-

Rural Dwellings . . . . . . . . . ............. 333,230.71 Eight meetings were held during received Christmas Vmu to elder. "Her mghne” the Prince” and in 0 wlemn V010,; I r -Ne to 0 u up

Rural Outbuildings .. . 23,112.27 the year with an average attend- I M -mm Mm of 0,. con, 0", cm, an 00,”; V", w,,.-- "Today. Wednesday. J : ,',',”"',"”,"',,i;',,',mc 0,, 05:0. 0;

Urban stores . . . . . . 14.ozo.oo ance of twenty. At seven of the Y i M u I id 0 0 A 210 M am 0 . 'th 23, at 9;27 mm, 1.3031 um. 4:27 9 ””' id l h J e

B h w re ue” gregat on. e ngs ncu e w r g s e ann unceu e the gnaw banks on the 5 es 0 t a C

schwl moioo meetings t ere C I ship mission study and necessary arrival of Princes s Caroline 3-"L AST P”"ce3' 5”" 3'" meet proved to be a problem be-

mkery ' 3'on'5o spake” Membe" M 0,158” buslileas In June the West Prince Louise Marguerite first child of hmh 10 I Sill. C-Bl'l0lM UNI" cm" of an quanmy of snow

Urba" Dwemnu " ltm'a Men.” Bmtherhmd were wan M rally wds entertained and in De- reigning Prince l'i.ainicr III and M"3"e""'- I 5"” tl"”I" l" G", which could not be pushed back J f

U”"" D''"3 5”" l'mim ”'” meeting" Pmlec” durum u" cember a joint Christmas meeting the 26-year-old Hollywood movie "15" 3” P355”-I 0" W9"-" .0, 10,100, Ind wma. md. it .1. ' O '

R"”" F""'""" :'051l:'oo 9:3” hI"”:I"ded mm” W”: ”: was held with the Guild. For the star he married last April. m,glITEs gEIltE:uIl'iAgIoN5id "I 0 most impossible to widen the nar- -

. an

il'2i'F5l"".'T..S.'."?'7..Zf ........ .. 1.9.9.3 E.:.ii..22 .3.?it2"2.52.f:flt.:.... ggm,1:gg.e:;a:,l;:,',",i.i;t'.;);' ,?.::d.:,?; am To moms the 5.53” .53. "aeerfzctl; cowl. ;:;.,',';,";:,,::,:;: mm by -W 207:. mscoum on .11 Meh's and Bow coA'rs Comm?"-il3l05"mm" CWII" -N lirgiecl at tgI'&”"5g':”u::l;md . heard and Mrs. Winston Currie. beP';l:l?::5 IE”:Jlcll;9'el:!9 hm”! tlgul '",'re:'"Mo ac” "mem followed With the arrival of the R.C.AJ'. and JACKErS-

U h F t . S: e an re . d B B d -W e or a er c n th dun uni

FillteanDep:lI.'l'mItl!ll'lTl . 275.00 year of increased activity of the g:hhuec'yu:deS?:ag:r,h;,bl:,f10:11 on the throne of the 367-acre Riv- Rainler's announcement. 0'1?-':)pI;I:::!f w"f1': mtpgmhfg Me;-1'3 V.neck slegvelegg SWEATERS, 5595... Rural Garages 150.1!) Alberton Ladies Guild. Projects of Frank week. and M". wed” lcra principality unless a son is The news set off celebratlonlli den.” of speed. SllmmGl'-id” Clearlng 33-95-

pmate summ" Co 40.00 the yggr included catering to the Hardy. horn later to the royal couple. the ringing of Monacos ii churc man were my widened u u" '

woodworking Plant 35.uo Men's Association on two occa- o Th. Ladle. Md "Po" 0,” ",0 Moinacans were jubil ant. If bells and ciR.mpagneL toasts all 209;, OFF 011 Men 0 and Boy. CAPS,

Commemm G3,", 0 , 7.m gions, co-operating with the La- bym.'ec,e0.,y' M," M559”:-geld Rain er dies without an heir. Mon- over town. e uh, ll ,1 '

Adjustments ......... 2,460.92 dies' Aid in cnterlns to I weddlns illg. Eleven meetings were held -00 becomes a French nrotector- iygs swlmvgd W J, 08' I Jr: W "1 Pun Mens Wool UNDERWEAR, med. weight combin-

l n n miscellaneous. meP"9n- ""99 iwd I'M II'l'l' during the year and the L In 60 Of won, (vmmbuw) neg, s7,5o..c1og1ng 35,00 And the has co ing in serving exhibition meals. mil, numb," gwengydght, Action. H - news from anyone they could get The followins u -n analyst: at the mm or um-: providing no-o'er; or me cigurlci: tlss aurlnzchey-gar Included cater i;.d,f,t,t;';,:”f,,.”',;f,';,,&f,"'”',',-mt ”" "" ”"- Many Telephones Men's CARDIGAN swslsmns. Regular 56.98-

Unkown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...... .. 83A,WI.ll ghrE::ll:;' in ."e9nC!9l':ucgon W; ing to the'Mens Assocation :3 weeks, Curl” Johnston: Cedric O 0 d Special 34.25.

Gmlleated and faulty arranged stoveplpes . .. 10.177-40 I I ' .u d ml M three 0008! OM. CIHIPGH 0!! W "mm. "0 Hebe, Come". we... r, a I UT T 5'' '

Gvelhested and faulty fins. .... ....... lo.eo7.2o gig; .f":,':.i.L.ngA”pahInzpPn!l iheieliiiiig Illa;-C-ill-egniIiilctlii'tI:e;1.g',:: elected. POST-Nliplltl About mm to Mr hundred 2096 DISCOUNT on all mans PANTS. Tractor backfiring 1 . . . . . . . . . . . . .. 7.a..'.i.uu ' h , ' Treasurer Wesley Hardy and re- , '3 5DIl'li8 from "I10 Ind lillli-ll Illllllltl A-W751 3:: iigrslergtedthio cT)mnl1ITll:l,l:'l: Th: h)lel3lri'Iea.nd"dg 4:31: :lioi:s cordinz steward Roy Leard were STTOWGT '":.::g.o( a::r.l1l:osu::. Men" Lined oven” JUMPERSI ux” 38 ta ”' R." 0" bum" ”V';n0xe: """ " friendship secretary sent out a nlversary sunay assisting with ex l"'”I”'ed ":1 tE”' gfbel FMd' ' lint: t: tyha RCA”! station The T650-sped” s5'o0' -

Careless use 0 p c . . . 1, 118 WI! Ippon an or. Mrs. Russell Hayes was honored ' ' i '

Clothing too near stove . 2,250.00 dde"'l'l9';3hgI':.y::5 ':::,I:;' Tfo'l,ml:he”:hug Mrs. A.C. Green was named at her home near Alberton Tuesday ::';:I::h':'n:"':1dnt;ye::rT.';”':,' Men's Unlined Overall , slam 36 to 48. Careless use of gasoline an 193 n. .. . um . . in, each . . during the mmmm 3';a1s:':teyry rrepresentative for the ayening WIlIeltl"lIt'ielI'lI.'lGl'I lgstbock Home of the overhead "bl". Reg. 04.50-Special 53.25.

Ll hi I g . . . . . . . . . . . . . . . . . . . . . .. . . r - h E8 . omcn's ns u e were cases

C;fu,',',",m .d,o,m bum”, U 1.5.7.7., come was larger man in preview E1;-r-;f,';8dggg;::',n;"gtgh';'cgu';;ll'; On motion the official board was .. . post- , - - sho . am. "3'of,do',mf,;'ug,;,',;"l,f,',3 ';',;:,S;,', 3095 DISCOUNT on all women's cars tort.

Grass fire . . . . . . . . . . . . . . . . . . . .. l.lzo.as an Wrchmng of mm,” mrpu, empowered to secure a minister were presented in a decorated umpgnmn which ,,u 10",,” '

Chudnn puymt Wm, much" 43);; son", ac. 3” ham ad 1” not by call or otherwise as seems ex- basket brought in by Mrs. George by "com bum” wum wumu 3096 DISCOUNT on all womens DRISSE, S1313 Tractor ......... . pital calls were made by mhmbtfgn Pn:;'ltlt:l;'-;l;hecl;:::,t;.r1s';rel:tfionl:u:i;r;lli IAflVltlLI. bagg. um very be", um. um; SLACKS.

Kidligin ll. . ' 'digth ear.In o-operas ' d ti fro frost

0W-M 3-3 GUARDIAN i"""'"'-:iei- ”.:'r. in i::::..E.'.';'.".lz'3:::.-. .'::'l.2:'.d :.”::'l::2l".l':”.:.:".":.'::d:.z -E3?-a ”h:"':..””.. ':..m.-.' in women nmusm-cue-mu - ma non. , Ci tt Etta . is es was e oramem- - - - ' - - nun-ted xpansions

Oilgnllennfp Exploded 4”” RAYMOND Grant optomltrist bi-”l'rz'l”"' 0'i'"ll-ll”! who W" "7." 33:'?,', mu, M, M, "3E'l'b.',t,f',,E”"',CI;,'”' W M, zivlimlu ln.the lsandy czvered cao - Women's Flannelletts PYJAMAS. Ilzel lml-ll Gilli!!- :" - - -- ma '.:':.L':'..:i:...”.':'::::.ti::; -o -. -- -e-”””- --K ----3- --im -3' u-' ""i."'.?'"'2.it.if..hT.h&7 SW W5-

re pa ens - ' .. sens ve ny Adjustments ..................... 2.02.9: ""”'Y- J” "- Lam-'Atd. , ;1.l?:;.””&f.:i,:"'.?;Z. l:',,,”,”;;":,'; &.',','"i';-,,?t3l.,l;”"5";,,t,,fl ,'.i,';,',,l;",',..1'i" .4... ..... sfiectad and ......a Misscs' Flannelletta PYJAMAS, out a to 14- And the balance is miscellaneous. . IENSINGTON Rink, 'l'hursday- T33-WUFER5 3EP93T the conference N. n "V y i the line troubles which are axc sped” 51.75. Indian Rh" VI. Sherbrookg The "pan of the "300","-..w... R G I Elyc dall (A CD REV. N. Games and COIIIOIU. directed U! pected to men, dulppeu when

. Your V" - -re ” in the t ' ill"! of ” Sw Game time 3:15. sum. .u... no H-ray. showed on-new mv "- ,;f;; 0 mg" 3- V"; ""94 M''- ””d W"”' "d W" 5”” am: wea again cover: "I0 Chiidnen's Flanneliette PYJAMAS, sizes 2 to s ysan iron 58 of the Statutory Conditions in the policy so that a reasonable ters to be in a satisfactory condi- "' 9" 0' W "9 llll lei! MCM'il"1l'v IN Pl!" "M33105! dumcg

amount of fuel oil may be stos-od in proper containers and a resson- TIIEBE wul be no dances in Kn tion. A vote thanks was axtand- ""'"""9" VII Without I minia- by Mrs. C.W Hayes. contributed ' -SPCClRl 31-35-

nn. amount of gasoline may be mean in proper oontainars in out- sington Legion Hall until furth- ed to Mr. H and Mrs. amly. "'- to 0'0 h-991"" 0' "'0 WWW-

Our net income from mercantile risks was 810355.00. The balance is income collected for insurance on dwellings which are not con-

bulldings. it is now very cunmon for farmers to have as much as two

hundred and fifty gallons of gasoline stored as much as six hundred gallons

to keep the ratio between the a good healthy state and also possible premium rate.

it has always been

offuololl

in psrfqsnthebastacvioaat

pensea of the Company at a

This year the expense percentage the lowest it has ever been a

assured that the llaa excellent condition. , Fronltileaboveyoswilaoticaihatwehavahsdasnecessfol

y"'"- Summer-aide. Directors: B1. Ray- if no will uamine carefully you will see out the book value of sum by muownle. Orchestra. W- M mnmmm GM Wm, ma. usual the actual am-hot vslss at on man. is on qlniu Dancing fro no . mo. Adnsisa- ',.,,,, ' ”" t hi to of the NENSINGTON gluyour Directors this am not cause no alarm bscalua in the he Ion so cmtsm ,,,I:f,"A'f;”' "',f,',T.,”f5 ,',”"t.'- w"' iciii. The iaii-"e'c'i.'.i.b”tvl'ui'.'il5v"es'".5n THIS WEEK AT The first 1. it ilotiy One or ueablstuturoyonrbiraetorsdoastnsaayrsssonwhichwooid (W Y o,A"m.::' .1: N; nd”,,,,.,,,mmcoucn U. S. roc e.P - "q""'0 "I N '0" W" ""'- ' - g...,':.":;”" DEW?” "W" Wednaaiay h ide ywhere in his report th non si- CIVIC STADIUM E I""ld'”' M Very med” '0'" ”"”"" ""' M '” """' "" "” '" ' "'”""' availabi 'i3-"M "'ini' "t'ea"i'. my mend-I meetings or the dust Ilr Rayner. ut.a".i..i'il.. lctures ' year and will an!!! ilIll0"ll'''' '” T. A” "”'m. "5 diiivsrinog Ouardbirs Ag: can-. Prince Edward island Presbyteriai bmich new has tile. largest mem- P ' "W WI” 3"-"ll" '3' ml” '' n"'”"' ah. om" gummgf-.10. of the United Church of Canada berstllp since its lganizatiun of "V3957 N O T I C E mlkespectfulty submit!!! WI l'l''''W'''"'tl 50! 0' -Vllilfio A-D Am; M. I L. F In w.M.a. which a great numiger were active 4:00-5:!)-skating . . CRAP 3 ton , r 1 . . (384-t 7- -'- "WA" mm IA-sue Last night: vost- itfr. weboter Metherwali. oi.tml:sihy:s'i.mn:r:a'i.i'ihl: 1:133. "mom-Thu" 18:03 103" lllclmwll polled game will be held tonight, on. is a patient in the w sant p.-0...... 1..., 0,", very M. rnmsr Effective January 26, 1957, our registered Egg WM '1'. 1- I-INK!-'1'!” mo. vocational school vs. cr-lr Hm! - cessfui Ind revealed um approx- l;ao.3:oo-Pro School am. xgnsmaron Grading Station P-59 will be closed. .We thank you c"""""" " '''''I' '' ""'l""' ' "ll? .400 oheuants had been 0:15-MONTAGUI vs. acts for your valued patronage and regret we' cannot

the lowest

thapalicyofyourDiroctocItokaapthaax- minimum. '

PlINCllDWAIDlll.AN'DlIl'l'IlAl.'IIImIUI.ANCI OIIIPANY

;.c0g so and Q 1 ..................,.'

i""..-"'a'l.

day afternoon. Rev. A.S. Weir. D.D- conducted the opening worsllip and presided

bership of twenty-two, of whom thirteen were life members. There

Birth Of Prin

MONTE CARLO (AP) -Grace

CGSS

ate and its 4,000 citizens become

Summerslde. removed snow piled high by town plows along both

was appreciated by homd owners.

Photo by Woitol

or notice.

SEE Mons Mayhew, Jean Mur- ray and Dianne Jenkins on C.G. LT. interview CFCY - TV Friday at 0:50.

MUSICAL FESTIVAL syllabus available Allison MacI.ean's of- flee. lummerside. Albert Noon- an's, Alberton.

IIDIQUE Rink Thursday. South Shore League, Albany. St. Pats vs. Lot 10 Ba ers. Game time 8:8). Skate after. ree school skate in afternoon, 2:30 to 4:!) pm.

RI GULAB Thursdl! night dance. Kansington Legion Home.

who so ca bly assists him.

By a lot vote Reginald Trav- ers. Norman Hardy and Gordon Warren were elected to the Board of Stewards for a three-year term. other members of this board are Roy heard. Cedric Hunter Parley Hardy, Wesley I-tardy. Mrs. James

ALBERTON

Mr. and Mrs. GM. Johnston left Albakrton for Pictou. N.s. early this wee .

Mr. lI.D. Corbett, who has been a patient in the Prince County Hos- llli-ll. returned to Alberton Tues-

if if