s $4M.‘

3...»! I South Africans

mo. Africa hopes to snort 5,- c lc tons of deciduous fruit ear valued at $0.000 ($1,- ), W. V illigen. man-

of the deciduous fruit board

return

space or nation of essentials to Brita ch of the refrig-

go grated h-Botrth

ln.

with an Ilfliflic capital .000,000 were formed duriflx:

last . latest rlgwse miorwatgnt glee revfil. a Figures or were W!‘ con ' more those of loua years. Registration “III-twat... oom-

les l“...

remaining fund of the prison- Ifl of war relatives ' ‘ _ _'l‘he money will be used in t. of err-prisoners. their chi h field

rs dependants in rue rehabtli

00109011! h com arcd with

1M4 a pr peak of 220.000.4300 in I843. _ It is not sa-pse

tli will be - gull: Africa rIs

, \__sigrtatory.

NOW News)

should be’ ready for

PREPARE 1'03 I: llixporhisntal his-mass

switchers l5? Bmlrlency. and now is the time before the spri_ rush begins . ‘ihink bee! on las year's oper- “m- nee: a" -" t“ w en

Iii "I with bass t sum- '?’-?~»5l.“"iil"'..‘3l' '12?" '.'.‘“.l"..‘l

ac s on ‘We w! out delay. RISkety boxes. . and other faulty snt. should not be i w.a.

e. in

Dom on _ logs foo-rww imp‘ $1.14 — u ont star m..fi‘r§.::.~il" .. 5D ibanuia will do all fifty 0n to fill orders. they cannot fl orders on a raomsn 's notice

%Yb°ll:h8c shipps

‘lgl-Ilflu that DOWTIRIULIOI‘ the pur-

c 05¢ f . .ma.:.ut'.. .... rm. ed ‘or 5 0 liaa-ruwduld be allow- mml m“ in 1046.~and to" of Bauer 0on- fl‘ ll mired or rescinded bee- lfll? depend on honeyfor

‘YCOLD?

bearing Bad?

seagull-BY 11. 1w

Future’ of ton on lmlividu

Says Mutual lite President

Emphasizes Opportunities of Small Businesses. Louis L. Lang Pohts Out That 70% of Manufacturing Establishment Have Lass Than l0 Employees

Need of Co-Opcration by

and Labour Is Stressed Naius of Lilo Insurance lmpiaasiaed by _War

' Waterloo, Ont, February ‘l:

Declaring that "freedom is no word for a tired and hesitant people," necessary for huge and successful production of goods and services are present h: Canada. and that the future of the country depends largel on the manner in which Canadians, as individuals, use their abilities, opportunities and possessions, Louis L. Lang, President

tliltall“‘

of The Mutual Life of Canada.

Meeting oi the policyholders of the Company today. issued a stirring appeal to Canadians to got behind all constructive efforts for the good ofthegreatsraadnorshlanflaltianaehtbeehasemergedoutof

dhs war.

finndfls Imiationahlp With Other Nations

"No nation or people in- the world can now stand apart or act alone." he asserted when discus- sing Canada's increasingly ' r 1'~ tent role in international spheres,

as a member of the United No- tions Organization, as a member of

the British Commonwealth and nnplre, and in her relationship to the United States. “In all three re- lationships," he said, “Canada. can maintain her individual life and state- as a nation. thinkinx l!!! acting as a unit, but always in friend and intelligent co-opera- tion til others." harms s! hlvil Iaiflalvs "Canada compared favourably with other countries in the degree of progress so hr attained in de- mobiliaat-ion. rehabilitation and n- asserted.

one!!! ion that hciors responsible includ- gm} being qpllsd to a ed tho emphasis given to the un- great extant to these problems as certainty of life by the World War

was devoted to the winning 0! the war.” No dealt at length with. the vital matter of ample eat. stat- lng that when consider! ,, this im- portant subiect the responsibilities and opportunities of prints cilia zens and of Governments should be studied and. so far or possible, defined. and added: “Let us help the Dominion. Provincial and Mu- nicipal Governments to perform their appropriate functions. but lat us also cherish ‘the ideals and prac- tices of private endeavour and con- duct which have sustained and benefited the English-speaking world for generations."

Qmllluinessoshedeniltcin Oansla"

‘Mr. Lang quoted figures which emphasised the prominent place which small businesses. ‘reflecting individual initiative and enterprise, occupy in the economic life of Can- ada. stating:

"Of the 14.240 facturing “ _ ing over five nlployoee N! ea- tablishment in 1902. 75'pfl‘ cent. employed under 50 employees and 87 per cont. or 12,388 em-

.p under 100. This is con-

vincing evidence that were ia opportunity in Canah (or the

small company under the floo- dom of enterprise which we on- joy . . . ‘big business’ is the ex-

ception rather then the rule . . .

individuals or small groups. day

by day are inves their sav- ings or borrowing o r people's savings, to start small businesses for themselves. The great major- ity survive, grew and provide employment for many thousands of Canadians. This is the system under which Canada has devel- oped to the proud position in the world which she new occupies. It is worth preservation and en- couragement by our fiscal poli- cies, and it is my hope we shall never discard it for the fanciful drearnland of Stats ownership and control by the State of every- body and everything." Bohnatian af Govaranaant Oonboh Needed

Continuing his discussion 01' the factors which will make for a proa- poroul and united Canada, Mr.

Lang called fol‘ modification, and abolition as soon as possible, oi Government controls, ‘for invest- ment of savings in new and exist- inI forms of production, replace- ment o5 fear wlthua ngrlt of cour- agqan arseogai on tbeirgraat

peasibilltisl V! fleas in posi- tions of leadership.

Referring to the huge increases in taxation and Government ax-

turas in Canada daso

. fang observed:

‘There are those who lay that if the country could spend “retrial-lg:

Canadian manu-

m”,

and is now financially stronger than at any time in its history."

future with courage and with faith, confident that by wholehcarted use of our invincible spiritual and ml- terial resources we shell participate In a more weed 11y whim unkind nu yet known."

an Depends al Initiative

Government, Management

when addressing the 76th Annual

(Jo-operation Needed The speaker called for greater co-oporauon between Government, management and labour, asserting: "We are too apt to think that the interests of Government, of man- agementof ownership and of labour are at variance, one with the other. Government actions should repre- sent our interests expressed by our elected representatives, and the in- terests of organized and unorgan- ized llbouraro identical with the in- terests oi.’ ntsnagem t and owner- ship. Labour has everything to gain from active and prosperous Cana- dian industries operating under free controls."

Idual Hi0 lales Increase Turning to the confidence l dis- played in the Mutual Life of Can- ada as revealed by the very largo increase in life insurance sales in 196, Mr. Lang expressed the opin-

end the ' ’ tendency to make life insurance a vehicle for in- creased personal savings. Ho point- ed out that the Company's strength and stability as shown by the qual- ity of its assets and its earnings, had kept in step with its construc- tive progress. 56.7% of the total assets are comprised of Victory and other Dominion of Canada bonds.

Ilka Dividend of 81,500,000 to In- crease Distribution of Surplus to Policyleoldore In 1M0 to 85.350000 Mr. Long referred to the an- nouncement which had appeared in the press regarding the company's decision to pay an extra dividend to policyholders in 1M6 in addition to the regular scale, and elated: "Playing experienced favourable earnings and having made provision in our preceding Annual Statement of SIJGLOOO to meet possible addi- tional war mortality, which fortun- ately was found unnecessary for that y . ‘ to the Board that the position of the Com- pony warranted the distribution oi this sum to policyholders as an addition to the surplus to be dis- tributed in 1M6."

Moderate Interest Bates on Igh

Grade Bonds Desirable When discussing ’ . rates Mr. Lang expressed the hope that: “those responsible for the fiscal policies of this country will give somewhat gnater weight to the desirability, from both economic antisocial viewpoints, of encour- aging thrift. and providing an incentive for saving, through a continuance of moderate interest returns on high-Rude bonds. There has been a tendency over the past decade to deny encouragement to thrift and saving. This is a very short-sighted policy because the continued prosperity of tho country must. depend on future savings, which are not encouraged by unfair treatment of those who have been savers in the past. Not only has the development of this country depended to a great extent on this sterling attribute of character present in such marked degree in our forefathers, but it is difficult to believe that lack of saving and foresight can accomplish much u“; is socially desirable or an con- tribute grsatly to socially desirable objectives." '

filling‘ Lifo in Strong Position

r. ng also referred to the strengthening of the Company's Wflullllllcy reserves as sound poliw in the interests of the policyhold- ers, to the favourable mortality which the" Company had Oxpefl- sncod. and added: “It is most grati- ng to report that this Company has come through the strenuous Wli‘ 70m with assets unimpaired

Ila concluded: "we can face the

ago than

General Manager Comments 0n Mutual Life

at ' . 'rn' at h were - an"... cm-n c sum-u - W i! H!’ next month are ltlu Louise Gall-

mwn willie “Willi? 3°!" 753% ma. an um Ima llman.

dos-sees s- u . . . m tn

nsanlyuoa. hll hMI m Ii delegate tom the “rl-e-gir-ilif" d2: slam ammo, eamslmaaat see All! all Ilrlloae assume a vivid and interesting doacrip u... un- ‘Fltietoess-tans." anus. w. w. n. sommmo. Vics-Prssi- gg i" "'°°""" m!‘ "'PP"""" '1' a“ w‘ “Muimmm "mu." was received and when deal Docifical with glue fliditllsail with r by the

Head Office, totalled S606, duction of $441,696 from the figure at December 31, 1944.

sronoaaoo. constituted a record in 1116 Cvmlwnys history. for leach of the put 1e years tbs Company has shown an in in insurance in force. _'l‘here are 310$ policy mn- tracts in force. “ When dealing with salsa oLasw insurance the speaker said: "For m"? W!!! between 301i Ind (05 of our new business has been sold to persons buying their first life insurance polligy, usually at ahfairl? young I80. e first poilfll ill"- ally smaller than the ascend. third and subsequent purchases. The average-size first policy sold in I045 was $1,569, whereas the aver

leeolld or subsequent policy sold to persons ‘ ‘ exclusively in The Mutual Life was 8M0. the latter accounting for 10% 0f "l? NW business for the you. An eddi- tlenal 17% of the new business was sold to persona who were csrryina previous insurance in both The Mutual Llia and other companies ans thetyubgluaglrt an av

po cy o . It was reported by the 19'1"’ that s constantly increesl num- ber o! psopls in the lower come brackets are purchasing life insur- ance, and there is also a substan- tial increase in the amount of in- surance sold on the lives of . and children.

was Claims 1...... saooaaee

War claims accounted for 23 per cent of the total death 01AM! 0!

$6,156,018 on Ordinary insurance

paid in 1945. as compared with 24 per cent oi the claims in 19M. Dur- lng the six war years from 1940 to 1945 inclusive, policyholders carry- ing a total face amount cf 833.7501;

000 of Ordinary insurance died.

per cent being war claims.

The associated diseases of the Heart, Blood Vessels and Kidneys again accounted for over one-half of the civilian death claims. the per- centage being 51.5 per cent in 1945. compared with 50.6 per cent in 19M. No significant changes were observ- ed in other causes of death. General Investment Reserve and Unassigned Contingency lfimd az- grcgated Sl5.083.158. an increase for the year of $1,286,790, Surplus Earn- ings for the year beinfl 35.460949. Assets

An increase of $17,456,388 in the Company's assets. to the total of

$26B56il,01‘8 was reported. The main increase in Assets is in holdings of Bonds which total $85,958,818 of the

Company's total assets. 0f this amount. Dominion of Canada dim!

and Guaranteed Debentures com- prise 8152805398. being 74.2 per cent of the Company! Bond holdings and 56.1 per cent of the total assets.

Provincial and Municipal Bonds had a book value of 535315.700 at the and of 1945, equivalent to 13.1

per cent of the total assets. and Public Utility, Industrial and other Bonds at 817837.718, comprise 6.82 per cent of the total assets.

The rate of interest earned on

Invested Assets in 1945 was 4.27 per cent

Moritlle loans Mortgage Loans and Sale Agree-

ments totalled 51101921748 at the end

of the year. Applications for new mortgage loans to the amount of‘

$310172, including 532 applications for loans under the National Hous- ing Act, were accepted in the past year.

lea! Estate Real Estate holdings, aacluaive: of 085, a re-

lztra Distribution of Surplus The company is continuing in 1946

the same scale of dividends to pol- icyholder as was used in I945, plus < an extra surplus distribution oi 31.500.000-

WJLS. Meeting

The ft - women’? emoo

Ml _n Auxiliary of the United onu.~'.3i?x§tf§.-1§Y§l§§b.§ t litre? ilcteltrhelillrast Parlour of the Heart; 5th f5‘? Hill on Thursday, the

PMrs; J. L. Lockhart. 1st. Vice nt. conducted the devoti n. al exercises. Thirty-two mcmll 3 and three visitors were Pfegenh “Meeting opened by singing "Mar; V9 T" The! . followed by prayer b)’ Mrs. Lockhart. Psalm twenty- gur was read responsively. Mrs. . Nowsom led in prayer, Two verses of ' akg time to be hwy.- closed this i ressive service. Mrs. R. E. utch, the President then took the chair and requested the Recording Secretary to read the names oi the Life and A-mual membe a of the Society. lvfmutcs of the January meeting were road by Mrs. L. Bust finance committee pointed as follows, Mrs.

WQB

Mr . J. rt k rd ’ -' 111.2%.‘ ‘go §r§°rTE§ii§§fdr-?..§“ifi. . arns. vegniteaeforeet wfjetahtlealq “lava n. o e o an s o e retiring o flcers for their faithful work. eellecilall; tohrlbs. W. H. , w o asérltiring in heuwefforetes ygrsPrgsai: Mrs. Johnson was requested to act as the W. M. S. r csenta- tive on the Official romanaireasurer reported $11.30 y.

Hrs. ll. O. MacKa reported 64 vfsltmrltoih H tl d50- torlum. s. e. o-spficlgod .35. i-tétcoagrestlngtlnotch on ‘the "firm ‘r-

ques on. rs. . gsmhahort darlcloton Gig-regal

a r an o _ Biaortfketchestof thyllivcs find wor o we o our san - gizlmaggs, In‘? Alice rdlon anld

ss ry arson. were ven

R. Re era and

11E cuaaLor-rerown- cuaumau ,

Mutual LifoPresidoni

P ld t f T L '

res en o he Mutal Llf f a Canada. who addressed the ‘e163: annual meeting of policyholders.

held at Waterloo,

February 7. .0‘ Thursday‘ 4

---»---- s If... Memos-lam ; ' naunsEurcu

_ The death occurred on the morn. 1-115’ 0i uoccmoe

l

is death heart condition developed, day prior to his death he was around as usual but passes away Seiggpectedly and peacefully in his

lie was born at Mt. l-ierbert and resided there all of his lifo with the exce ttooi of a year in Mass. U.S.A. H15 Omfl. B11 old Mutch home- stead, was named Mount Herbert after the Rev. Herbert Starr by his grand uncle Robert Mutch many years ago, _

lie was a son of the late James

couver. B. C.

' Mr. Mulch was a very successful farmer and remained active in farming to the last. l-le was an eld- er in the ihurtod Church, widely rcs~ peeled and esteemed for his gen- uina sincerity and highest integrity. He was a regular attendant. not only at his own church but also at tlhe nearby. Presbyterian church. Mermaid.

The funeral from his home Sat- urday aftenwon was exceptionally large. The service was conducted by RovE. R. MacVicar of Pow-no] assisted by Rev. Carlyle Webster oi Charlottetown. Tlhe funeral addres‘. was based on the comfort. and hope of the Gos 1 in such times as i-h s. The 23rd salm and Rock of Ages, favorites of the deceased were sung. Interment was in the cemetery at Mt. Herbert, Pallbearers were nep- hews and a cousin " e01 e Mason, Hope Match. Leslie Mute . Wendell Mutch, Allison Mutch and Alley Mu! .

There are left to mourn. his wife nee Lottie May Jones; one son James Robert and two daughters. Lois. wife of Harry Wood, Mt. l-Iertl ertand Bernice. wife of Ernest Smith. Dalvay, Also 12 grandchild- mn and one sister Mrs. Margaret MacMillan. _ 2-11-li.

HEAD 0F HILLSBORO SCHOOL Report ioruhe xnontth of January. Grade IX.—1. Lane Douglas. Grade VIII 1, Oswal Brazel. Grade VI. Sr.-1, Dorothy Doug-

ins. Grade Vi, Jr.—1_ Mary Myers; 2.

Joyce Jardine. made V.-1. Lillian MacAssey; 2. Louise Brunei.

rode lV.—1, Juno MacAssey; 2.

G Elsie Coffin. Grade Il!.—1, Cecil Myers. Grade II.—-1, Wayne Cameron; 2, Robert Myers.

I Grade I. A.-1. Lionel MacAssey; 2, Marguerite Myers. I Grade I_ B.-1. Arthur Cameron.

l Perfect attendance - Lane Doug- .las. Dorothy Douglas, Mary Myers. Wayne Cameron, Robert Myers.

Arthur Cameron. Teacher —- Geraldine ltogorson.

ARTIFICIAL HEAT I AND LAYING IIENS

Flo years’ work of the Potlltry lnivistfdn. Dominion mperlnlczrtal l service, with housing

Fanns °3 laying hens has shown that» 4110 use of artificial heat gave no in-

crease in production over that lobtalnod 138i moderately insulated hoarse under the severe conditions prevailing in the Ottawa Valley. Additional insulation over and a- hove that Provided by a four-inch,

air space in the back and end.

ught no Increase in N011.‘ bout 5 b. of per bird per . ear was the maxinnnn feed lav-

hieved thro h ting the qsfinswlt is aoporeugt‘. stile! i-hv l, ‘ vision, a

that mg hons will produce well un or a very wide range of temperatures and con- ditions of humidit . ACOItA AICIITIIUIS ACCRA. Coast —-(Cl')—An Engineers and Architects’ Society h” “to promomte tho ac quisltionnsand interchange of

kn led of the ortglneeringp 5.530%... and allied prom- ns.

NTMIN

M lnbdriih. “WMElFur-ia-s-y “flannel a idol sells-mas

THE MUTUAL LIFE Assurance. Company

OF CANADA i

lssalllshsl use Head Office: Waterloo, Onhrla

rem ANNUAL STATEMENT December 81, 1M5

A S S E T S I noaumox or camps and DOMINION ovanamnnn nouns.

which comprise 56.7% of Total Assets ......... ...,.......... uszaoaaoaoo PIOVINOIAL AND MUNICIPAL DONDI. ooaaistin entirely of obliga-

tions of Canadian Provinces and Municipalities ..................... 85.315.700.78 OVIIIB BONDS, including Public Utility Industrial, Institutional, U.S.

Treasury and Municipal Bonds .. 173771850 STOCKS. Thsss consist of Preferred Stocks of 3112833410 and Common V‘

Stocks of $5,065,340.08 ‘MIAMI.

The Market Values c! Bond and Stock hol&gs no nbstnel, I excess of the Book Values shown above. -

MORTGAGE IJOANS AND SALE AGREEMENTS, of which 18.3% are loans

under the National Housing Act ............ 30.199.748.06 REAL ESTATE, including $600,393.38 for Head Office; at cost, less amounts

written off ......................................................... 1,207,028.38 LOAN! '10 POLIOYHOLDEIB, fully secured by Cash Surrender Values l8,255.4J.A29 CA!!! at Head Office and in Banks ..................................... 624,909.33 PBEMIUMS due but not yet paid; and on a semi-annual, quarterly and

monthly basis, where part c! the premium for the year remains to

be paid (fully secured, because assumed paid in calculating Actuarial

Liabilities) .......................................................... IDBILOOLOG ACCBUED INTEREST, representing Interest on Investments, earned but

not payable until 1946 (interest overdue not included) ............ 1.04.2114 PAYMENTS DUE IPBOM IEASSUIING COMPANIES for losses or claims

paid by the Company ..................1........................... 41.41610 TOTAL ASSETS ."u........u...................................,....- %.UU.0180I

. L I A B I L I l‘ I I I T RESERVE FOB ASSUBANCES AND l , alentlng the afre-

gato actuariahliabilitics for contracts in force on December 31, 9B,

as required by the Dominion Department of Insurance ........ .. Ilfllflblfl INCOMPLETE AND UNIIEPOITID including death ll