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" Operations for the year

than last year. After payment

22 The Guardian, Charlottetown, Wed., Dec. 14, 1966.

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expansion policy, in 1085 ee the economic pace has in unemployment. Furth ceanamtededs a mae a little lent is narow corparat prot roe gece ox, Beados 03 isina tee esate the Untees Suen, te i + hom States, the the world metal markets countries -of Seemed 1966 merchandise deficit in the National increase be in the of the Bank

contingencies.

z 5 cm of the usual jons for This is approximately $120,000

the figure of 38.6%, resulted in a profit of $4,585,300 of $2,320,000 for income

The Canadien economy seeme to have: of

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a account call loans but only oon total er last, an But our the’ wneen 0 Oe. one mf chet dipeaciation

sea ebanrcmn They been the large Europe. year kt of payments. . 8 aS by the Vice-President and General Manager, Mr. Léo Lavoie. some $40 — increase reaucnon of Teste in assets of 1965. and deduc-

Tax purposes, net profits

the Bank illustrates the tighter credit conditions which have year. However, we should be pleased with the sustained

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_YOUR PARTNER + HEAD OFFICE: MONTREAL, P.O.

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