llla.l5_1_9

[PRINCE EDWARD .--.- TO-DAY ills.

i

‘Resources Over $1,3i3,000,000 Maintained.

in practically every department-with Ioutstendinl ‘ in holdings ,0! Dominion Government bonds Jndicatina wider participation in .the nation's war effort-the 136th annual report oi the Bank oi Moa- treal. issued today. shows total assets at an ail-time hillh oi i1.- 313.000.000 and may be rezB-rded as »an impressive exhibit of the econ- [omic strength and stability oi the ,country in this fifth year of war. I Profits ior the year which end- ed October 30. after deduction oi taxes Dlyallle to the Dominion Government. amounted to $3,102,- 834. ahowin- an increase of $18.- ‘816 over the previous year. this re- presenting a return of 430 per cent on the shareholders’ equity. which compares wit 4.31 per cent shown a year ago: 4.51 per cent was shown in the 194i report With kreater business activity. this tilz. ure might have been expected to be higher. but increased taxes have practically oifset the effect of enlarged gross earnings. -At a {iglilgiz nearly $375,000 higher than n

year amounted to $2,913,000. 0i this amount. 0165.000 is reiundable under the provisions oi the Ex- cess Profits Tax Act.

The net profits at $3,302,834 were distributed to shareholders to the extent of $2,160,000 which ‘compares with $2,700,000 last year. and an amount of 8500.000 was

left a balance o! $642,834 to be add- ed to the previous balance oi .-i.- 236.687 ln the profit and loss ac-

scRa/lr aooltl a caerr PLAY: a GREAT. car/n‘ PICTURE THAT you SIMPLY

HAVE TO SE51 E k2‘

account at 01.879521. Deposits at Record

shows public confidence in the in- itution—-have shown a marked advance in the twelve-month per-

PLUS - NEWS

cslllnlil aullllllllil

Boyer - Fontaine, New Film Team,

pLAyERs coéTA-REEO ‘at five cents n word. strictly pay- (CONS ANT NYMPuI- able in advance.

TENDER. LOVE STORY

Charles Boyer and Joan Fon- COOKS ‘Or Phoms‘

talhe arle starred to£relh2l~ lol the coNmuEﬂATluN “n: n,“

“ hc C-lnstniit . Warner Bros, SUKAALL‘

‘lere at the Prince slclward Theatre |on Monday.

The ﬁrm has an IIHDTPSSIVE sul: porting cast headed 121-’ 1e l%lllgtll. Bgenda Marsnill, Charles} Somgirehetlgter bone‘ ‘vno k l“ a.'|Decclnbcl' illli ior Xnlls delivery dbhmy This is caused by serious shortage

oi materials. Uraswell Studio.

assortment of ladies tires s ul‘ coals. Kennedy s MJGIBS-tiﬁﬂdy-

Montagu Love. Edward Cianhelli. ‘Joyce Reynolds. Doris Lloyd and Joan Blair. ' ' “The Constant Nymp " tells the

Personals . . _ Vilisc" Alk- 1 5 mus, l<l 1 lint Swr-l Oil L3“? Dodd‘ a jPPng, ‘mm’ Vliileygcllilis l-‘ciblblieirhlbnlc IIKJLUISIIIQ gﬁeglzlégcgnovgglbger gsiltgﬁirs‘ Prince (Joulily rlcsuital ullci is culi- cohsidered a child. l-le zharrle Hi "alcscmg "Plﬂs Mme’ beizutixflul society gilrl cully to ﬁrld ou w en t too ate ‘l-lt he as always loved Tessa. BONSHAW w‘ I‘

Based u o“ the 00pm“ now] by The annual lr-leellnlz-oi the Bon-

directed by Edmund Guillding Mrs. J_w_ Boyce’ Nov‘ NHL

I OANDIES FOR. aromas

-, ALBIEIRS —_“(OP>-A proposal -tllat the British army in North Africa should give up their choco- l the“ reparw

“Union Jack." ' £1.13 48-‘ “- ‘*"

National ‘Iii Sound Movies

year. $50.00 was given tile Re

th t llll B08111 ‘were: asriven all other war funds seas. Donations were also ivcn

Plus NEWS — COLOR PARADE — COMEDY

SHOWING DAILY A'l‘ 3.15 — 7.00 — 9.00 l “"1"” °" "and °f $57 38

She lives you s. feeling of. ‘really New Glasgow - - - Wtﬂneidly __ knowing the thousands ant. lhuu- North Wiltshire — — — Thursday ‘rgfgllé-tztgfa‘ MTS- J- $1llld5‘0I nil-Ills W118i they? akitorliil v sunny ' icllllli ne ll‘ s as e u." nil ' ernon —- — —— — -' -' t in: hours and who work ‘like nlen u“ “d M“- Anen Slew“ With lncli. Plilyillg opposite her

sllllivkilf ha... Work And Fight In Thrill Film

MacNevin an School Committee ~— Mrs.

___ ll \ tillc role, ls a newcomer lo tile The l-runehaulls importllwl Wscllbcva. one Jasx-éarker "0"" i" ‘Xékmﬁlmlln. _ Mrs. Hector _?___ stage. lnis is Mr. Barlt- MIL John Macpllggelh IN MEMORIAM

Yates," the Columbia picture whichi lrlrzivﬂtligtgglni: égrsguofh: st. P c shag, 53a 31:30.36 donate‘

in hind the N w Y -k llnell igcilblziilcdwibxrlgaootblemck Ml‘. erqs firs}: picture out we would eel!

opens at the Capitol Theatre tKlLljiV ll l! a ﬂue tribute to the :ncn a ‘-

SCTDCH.

Who 1m idc d et watc ins his _ ' [Mb bilish §iZl§$i3§§’"-‘.§m?l?§ I301‘ brnayalwfllga shipllgarg él_.il:f1in:i’lkdk€:' .0 - - . l l. ' muck up the men in actual com vlilliélgélsftlllllgmlilrlqbem- iAﬂmert Bass?“ '

The picture has n tpl-nldid cast. mull, Tommy Cook. Frank swat, AFTERNOQN DEG 1 w” serve b m” “(was

closed with t e Kins.

Claire Trevor is pcricciloll in the Douglas Leavitt and Bcotty Bee i210! s i943 model cirl welder- ett. TICKETS 25¢ ggppgg-l- wmnm 55"“ m “m” - srlrmmr u s w - (or) TABLES‘ Australia h}; had its

CAMBRIDGE thgialla-(crl-i with rnlemllh; stamp Sir l-lenrv Rllaer Howard. . fell’- ow and senior bursnr of sl. Johns Antique, llouscho

Qollege died llrler a and 1011M [en's wear ma Grub hale-

ll: antral“ ii m "m ’"““"" °“ "" cmient oi Indra. , '

till. SMITH cops r0 sasransnp _- m’. Gol

we ‘Ase

IILIIVI ACHIS

AND SOII YHROAT

FROM A COLIN Use ssh, lent-acting

walla; "minus.-

ewrrﬂ-rn. -

y! .'f0;;-;44"_F

n01"

written off bank premises. this

lcount. leavinlz the amount in this

Deposits—the largvzst item in the ‘balance sheet and one which best

lod. notwithstanding the heavy inroads made into surplus funds 0v subscribers to Victory Loans. Under the deposit heading the bank shows zlrl amount of $1.- 205,B74,000 which is $140,000,000 above the figure for 1942, which I

a Thl I is d f It ' At Prince Edward ofF0513uqrgtcresifebfllivculhbifrtisﬁn;

[of a newsy nature may he inserted

m" '5 ‘mm’ JUST ARRimLv-v-An excelleiié an

til-Wear. 11-27-21. . APPOINTMENTS liken an until

ennemb‘ me 9mm“: “as shaw W i. ivas ncld at tllc honlleuof " le

‘sﬂlfftm’ screen may 0v Kmhry“ president presided and opened the

meeting in tile usual way. Eleven members responded to the Roll Call by paying dues. minutes oi the last aiiiiual and last regular llicct- ings were rend and slgncc. 'lhe sick and school committees brought iii

L°”%.22§l$.“’o'°iol°li‘§i"élll‘¢¥§°“w§i ', P“ .*,"°*"'°“" "P" ."':.".° i‘ "it re r e yen

Publl-‘hcd l" m9 ‘M395 W?" vlvqoflxhesshxbg enabled othe niembcrspthcrs like a poisonous vapour or

ior their co-operation during thel like a breath oi sprint! Ollr secret

- $1-

icles, generous dozritlolns

ClBBYCCEGB WCTG BETH’, SO DOYS OVER‘

TB. League and Sanator um bed tray. The SecretaryTreas. reported

r._..._. The following officers ‘were ap-

N°v_ .- DEC l pointed for the coming year. Breadslbsne — - — — Monday President-IMP.” Hector _..__.,_.__ .,_.-._ . ____,_ , -esce . e - Mt. Stewart Tuesday N§1ge_p§;__ms_ John allmpham

_. M15. Neil

never blown so bitterly. Blocked

gMrrl-l. WE'LL

\ WITH you!

run CHARLOTTETOWN GUARDIAN _ - .._,___.

SHOWING DAILY BANK 0F MUITREM. UUNTIIHIES T0 EXPAND WIT" NEW RESURDS FUR ASSETS All) PIIBLII: DEPOSITS‘

with Nearly $800,000,000 in

‘ Government and Other Bonds — Strong Position

INCREASED PROFITS G0 LARGELY TO MEET HIGHER FEDERAL TAXES

‘ ‘ s record at that time. Commercial and other loans at $220,990,000, are only nightly mall. er. This is in lino wi h the trend oi recent vears. in wh ch the need for banking accommodation has been substantially decreased. There is the isct also that many iii-ms engaged in peace-time pursuits. with much reduced production. are not now requiring the financial assistance needed in former years. Like commercial loans. call loans have shown some increase and now amount to 831036.000 as against 810310.000 in 1042. Government Holdings Elle Sharply As would be expected. the bank's holdings oi Government and oth- er securities have risen sharply and now stand at $700,462.00‘?! 00m- pared with 00823305000 s year ago. The bank's investment d170- iolio. as always. is made up in large measure of Dominion Gov- ernment and high-grads provincial and municipal securities which mature at early dates.

In line with this is the increase in the bank's quickly available re- sources which amount to $1.035.- 610,000. being 83.81 per cent liabilities to the public. An in- crease oi nearly ll0.000.000 in these resources is recorded in cash on hand and money on deposit with the Bank oi Can da which together stand at $122. 7.000 as against $112,710,000.

Notes oi.’ the bank in circula- tion show a reduction from 515.- 354,000 to $9,790,000. reflecting the trend which began some venrs ago when. under the terms oi re- vised banking llgislation, ihc chartered banks commenced tha gradual reduction of their note circulation in favour oi the Bank oi Canada.

With total resources amountinl! t0 81.313.064.000 and liabilities in the public amounting to $1,235,- 031000. there is left an excess oi resources oi $77,433,000. This is comprised of the capital of $36,000,- 000 and res:rve iund. profit and loss account and reserve ior divi- dends totnllinr: $41,433,000. which together represent the sharehold- ers‘ equity in the bank.

THE WKIRKMPULPIT L: z

Preaching last evening on tlr: text “Think on these thinks" iPhil. 4:81 the Ministur, the Rev. Tl-l. Busscll Somers said: “Again I want you to consider this-how much of our unconscious irlilll- cllce lies in our thoughts. Nnt c-zl-v by what we do and say. but by the kind cl thoughts we are cherish- illg ill secret. do we ilnprss our- selves upon our ncglibors, and nelp or hinder the little world in: nlovc ln Thai. very SHSZEOSHVO and spirit- ual \Vl'li'l'. Mr. aiceterlinck outs the matter in his own poetic way. He says. Thoueh you assume the face of a saint, a hero or a mar- tyr, the eye of the passing child will not qrcet you with the some

lurk within you an evil thought." Now probably there is a little cx- aggeratlon there: on’: ihOiHht.

not reveal itself. The totality o! saintly ChﬂrClCi‘ ls too great to be ovcrbornl: by till- intrusion of one shadow of the devil. But this is certain that by tile thounhts we harbour and let ourselves dwell upon and cherish in the dark. we touch and turn and influence our world ivlrcn we never dream that we are doing it. There is nothinz lliddcn that shall not be revealed- ivhat a dcntll there is in that one word of Jesus! He is not mcroly thinking of Gods judgment-bar tomorrow. He is thinking o! the undetected revelation of todav. Our Lord recognized that the kind ’ thins: we brood on. the kind of thought we allow ourselves to think» though it never utter itself in actual words. or clothe itself in the flesh and blood of deeds. on- compasscs and affects the life oi

is not such a secret as we think.

hour that we meet them? it is

.. v ' O0 it €WWSWQQWP Saalrlrllbn . Mrstmg. Beaten and Mrs. see the need oi controlling our

thoughts.

MRS. JAMES A PAYNTER

. . $599 lllr h , c w h t expect a ﬂne “~00 W m‘ T B mum“ “d There passed peacefully awa_ at "doll: tllxiboflbglblléﬂlfi’! ﬁgietbdgfffl‘. girli- perfgnnglilgectble Edgar Buchanan iﬁiglriaglixllnllélgéilgéllb-“nﬁljgl- 121g“: moms of tha; dguﬁixtierlgg 3Y1‘- rnﬁbsfmlxib gfoﬁhéﬂfnt‘: 3,‘; Psynter of Clinton in her ‘l0 year. WEDNESDAY answered Jrith a flour sfickl.“

“we; d h assed acefully away t0

Book lnte willshvneverbeen 0'59‘) ‘

Collection. Vsrletlyi é ma“; 5F? iunny“ eNcw soum the reward oi t ose who nut their I

trust in J s

e us.

wales." and the winter winds have Burma m, 5mm,“ m; w“ patient and cheerful with a plan- hlsh- sant szrllle and s warm hand clasp, and s kindly word ior s11 who came

JUNE AND TED BE

u! presentation, in easily understandable form,

TOTAL OF UICKLY AVAILABLE RESOURCES . $l,035,6l0,171.18 (equal to 8 .8I% of all liabilities to lb: Public)

Loans to Provincial and Municipal Governments

Real Estate and Mortgages on Real Estate Sold by

Due to tbe Public

Ulliippl")'i..'i"i'.1l3lC smile. if there

flashing and th-cn expelled. may.

Leaving an excess o Resources over liabilities, which

Why are men drawn to us? ‘Nhv resses. ‘ll boys suits and hulncroils are men fgpelled by us? Why -s it that sometimes we instinctively shrinlz from people in the very first

because the heart-more powcriul than any X-raW-dlrciphcrs for lt- seli the secret story: brushes past speech aild deed. into the hidden place and apprehends tho existence M“, that is there. To think case thoughts is a sin aaainst our neighbor as surely as it is s sin Boym against ourselves. To be unclean qouﬂmnﬂ Fm!“ Even! ln’ll’l’lﬂEtlk1§iitlOa lg to rniakv: lit - ~ — — — '- - ~ __ _ d; Mm- ar er or o ers e goo . n Auditors M" Ged e the interests of our influence. then.

no less than of our happiness wc

GEORGE W. SPINNEY,

Tbe strength of a bank is determined by it: history, it: polit- , it: management and the extent of its resources. For 1Z6 years I e Bank o] Montreal has been in tbe forefront of Canadian ﬁnance.

PAGE THREE

BANK OF MONTREAL

Founded in 1817

of tbe ‘Bank's

ANNUAL STATEMENT 30th October, 194?

RESOURCES

Cash in its Vaults and Money on Deposit will:

Bank of Canada . . . . . | | $122,277,005.70 Notes of and Cheques on Other Banks . . | s 50.369.612.05 i

Payabls in mb on pmmlalion. z Money on Deposit with Other Banks . | , , 41.078.651.11

Al/ailabl: on demand or at 1/100 notice. Government and Other Bonds and Debentures . . 799.462.639.56

No! exrerding marks! laluc. T/ze greater portion ramilu 0/

Dominion GRITVIIIVICIII and bi b-grade Provincial and Municipal

Jnluitie: wbizb manna a! earfy dam. Stocks . . . . . . . . . s 385,280.79

I/ldullrial and vibe! llorbl. No! exceeding mum's! L-lblll. Call Loans . . , , . . 110363818!

In Canada if .' . . . 8 5,550,701.55 Elsewhere . .' . l . l8,686,2S0.46

Payable on demand and 14mm! by bona}, ltorirl and o/bn negotiable collateral of greater mlue r/mn xbe loam.

17,544,577.50 226.399.651.32

including School Districts . . . . s

Commercial and Other Loans . ’. . . . . In Canada. . . . .‘ . 321144539705 Elsewhere . .' . . 10.954.254.21

To mans/lulu .1, laymen, mnrbnlllr and otberr, an condition: raluillell! will: round banking.

Bank Premises . . . . .

Two praperlir: only are ran/rd in tbs IIGIHU a/ balding ram- pamer; lb: 1101b and bond! of ibele rompanitv ave entirely owned by tbe Bank and appear an in boob: a! $1.00 in curb ran. Al! alber of lbe Bank’: premiler, tbc value a] wbirb Iargsl] exceed: 313.400.000.00 are inrludrd under Ibir binding.

1 3,400,000.00

the Bank . . . . . . . . . §53,7Z7-6i Arquind in lb: roam: of lbs Bank’: bluinu: and in prarur o] being realized upon.

Customers’ Liability under Acceptances and Letters of Credit . . . . . I a Reprnenll IiabiIiI/c: of ruliamer: on armlmi 0/ Le/Inr of Credit

iuuzd and Draft: “rep/ed by Ibo Blink [or Ibeir arolml.

Other Assets not included in (he Foregoing (but includ- ing refundable rtion of Dominion Government taxes $195,472.75 . . . . . . I 2,487,682.99

1798,8440}

Maldllg Total Resources of . . . . | . $1,5l3,064,654.69 LIABILITIES

. . . . $1,20$,B74,791.46 $1,046,857.927.64 1 $9,016,865.82

Deposits . . | . . In Canada . , , . Elsewhere . . . .

Payabh on dlmand or a/In nolin.

Notes of the Bank in Circulation . . . e e 9,799,544,470 Paysbl: an demand.

Acceptance: and Letters of Credit Outstanding . . 1796834405, Finanrinf relponribililiel umlnlsben on bebalf o] rullcmer: (n: aﬂ-aelling amount in URIJDIINEI").

Other Liabilities . . . . . Q | q ZJ97JHSJI

Item: no! included under tbs [ongoing bedingl. Total Liabilities t0 the Public . . . | . $l,235,651,521.53

lowlife! zdJirb l/u- Brink ha: relource: n: Indicated above arrmunling to . . . $1,313,064,654.69 --—-_i__

eserltr the bare/widen’ interest over which Liabilities to the Public take precedence.

Capital . . . . . 636.000.000.00 Reserve Fund, Proﬁt 8e Loss Account and Reserves for Dividends . . 41.455.555.56 S 77,433.353-3$

PROFIT and LOSS ACCOUNT

Proﬁts for the year ended 50th October, 1943, after making appropria- tions to Contingent Reserve Fund, out of which Fund full provision for Dad and Doubtful Debts has been made, and after deducting Dominion GovelnmentTaxcs amounting to $2,915,194.04 (ofwhich $165,585.91 is refundable under the provisions of The Excess Profits Tax Act)

Dividends paid or payable tc Shareholders . . . $2,160,000.00 Written oil’ Bulk Premises . . . . . . . 500,000.00 2,660,000.00 8 642334.19 Balance of Proﬁt and Loss Account, 51st October, 1942 . . , , $1,236,686.94 Balance of Proﬁt and Loss carried forward . . . . . . . $1,879,521.13 mimi-

$5,502,854.19

B. C. GARDNER, Prelidenl Gmnal Aianagn

IF '1' vk

those wiioﬂrnourllil.’ B “nevmﬁlwks fuller iarser ille-

About ei ht months ago she was in poor hea th and was moved to Ken- slngton. where she improved some and was able to go home to her

There are left tormourn absbrraw-

1‘ W" "m- “Elm” 1mm“ “Mme” nnslliina) Major of Needham. Helm?

—"—‘-—-"‘-—j—_'-=*"""“"“ 2"‘ . Rn Hamilton who tend“

h“ m h" Mme she W518i a‘ ling husband. three riliughgeirs. ma Figﬂothemdeéeeseid. melee‘, m ' ed b n w), knew “or, surely (Violet) Mrs. George Carter. v- sons. n ensn s I "“” ' ‘ are I s are - w“ w“ "crass! it.lat..llirsi“ll..i’slr.l...

A Flavour- the

From time inlmemoriel cooks have and spices to give appetite appeal to their creations. ocipes have come down to us from ancient Rome that are redolent with the panqeni products oi fer Cathay.

Today's housewives can duplicate their successes. And even introduce new combi- nations to iuiri ao the family l3 stile by choosin irouli e qroli v hwlltl Spices. eso may cost a 1i e more. 1W1 they are rosll most economical beolllle oi their bodied ﬂavour . . . II! Schwartz and be sure l

Canada's Oldnl Cola end lake Home HALIFAX. IOVI b00715

CFNTLJDV OF

“Soul of Food”

W. H. SCHWARTZ k IONS LIMITED