THE CHARLOTTETOWN 6111111111112,-

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1111's. only $2.96, regular $4.00 undgggkqynlrdl-al‘ arquci This “ma. . 8 a sure money saver - MARSHFIE-LD FARMERS» m VBALANCE of\\’1n11:-11‘$~§1-,--.- I - 1 STITUTE Saturday 111. l1. ('11,!) ,.,, “llk llfvfiir-s, 111m 1-!1ll1l ' -‘ ‘I s‘, M“. 0 n 4' ¢ 5 ten-all"- "Olll- lSlilllll 'Pl0u1-1-r " l“ 1-11-111- 111 s 1111-111!!!“ groan‘ r 0 Z- ] 5 S““'"'$~" M11 Brodie. ..\1.!..l1 ""‘°“"s-- 1:101. 1.111." J pm n" ' - ' '4,’ ‘Free. ‘ » _‘ //, . ' - 5 , 1141-: mwum. ' °’ /- _ ' 1 1 MEETING 1- // - if . i ‘P _-1l11.s1- . - ,. ° - " /l ; ,M OWNAL_ cmcun" ANNOUNCE- ,,.,,, , jmle’ PP-"BQ D-Hfylng Co.‘ ~,; Slfllfilllg Statements - if .- ENI-Wmshlp 1m S‘un1l1v F l“ helll Ill Stank-v H‘ ll l - / ' / -' = 125th.) in Pownal at ‘ll 11 ( ‘lull’ 1922 “l 2 ll- m1 Adllafilirl!" fl ' I i 7 p. m.. um! Mi11v,,._w,n 410'}; ‘n .5111; y. _ ' Y g‘ Om _ YCSS€S g Pnwnul S11111l-1v Sr-lneul zttdlll) '1' mh- -- l ' 1 ‘ l d d P fi E ' E Millyju“, ._-.., Scmml m L30 CIIEIIIYON METHODIST CIR. Mr. ‘Hume Cronyn, Presiclentz—— t a Q ‘- .-— Slllld-n; |.‘,.|, 1-; W.” g1 "l'mm time 1o time we have evi- / E 1. .1, . -. .-. Wvlcunn- 1,, .' ' '_ _" f"; fl j :///j ‘ dence that the gas xel f mutu lly l - ' ' ' - 5 EDW‘ ‘ I I ' I -‘-'1\'v-,-‘1- 1 1-.URCH NEWS _.l'l‘l‘.\'0n ll 11. l1llll1wlljq,,‘l,(,’,lh~ll‘l: tlulluri - f/g/(E is leading the insulating world airllo ‘ncreasa In the surplus earmngs of. the Mutual :r 1 / '- E “Hmm h ‘ _- - . _ u .. Tran M" H, ,-,._umud 7 p‘ m. . . . 1 _1Th]:¢ehl1g:.¢1-lpa1h§ olarlxqldetg syellem. L1F¢ Assurance Company 0F Canada-was shown by lhe Filly-Second .1‘ 5 _ ,, , A, _ " l , . , x, -~ W, ,_ .)_ ¢_-- "___ j I i105 cunver , 1e rovlrenl , , ; 111- ,1 .1~ .1111. \\111 1. . k ‘ ’ ‘ 4 "1- 11>1~1 11131 1.1111.» ./,< - L“ and Trust C, Philflde, M“ Annual Slalemcnl, as presenlecl at the Annual Meelmg 0F lhe pohcy- 1 = b H“. ,,,_,_,,, | “-,,,,|,, |,,,,.,, (Hm 1. _ 111111) OV1-lllllg_ “,1. A BOOK FOR FARM5R$.__~-S,,“,, fljzfli f,,]',°,,,;,,~ me Hahn“? “M, 1,3 M’ L/‘I;I,: v 1 1 ._ .1 _ qead Office ‘of- the Com Rm a, Wflcr] ( O t . Z, : “m, _, ,,_,,-1__| ‘li- ,,,,,~,.,-,,,,_._-~ - 11> 1-. 1;1'\...-1l 111!u_!\\-11 11-11111, "'11- your book ‘First A11! F111~m 5 thch/lelrnpolitan 1-.u.1.-..'.;. I l‘ , l y _ ‘ U" " m“): o" ' ‘lulu, 1.21s Juruq-SU“ s,“ _ Th t-1111i1uj111d l‘ yrus .\1-u1-,,_ §iI'_t('1-‘nn:1ru1n' sumo 11s you Swill i able aurl llmnr. l1.» announcer] n» ' nd‘ / 1/ a p11» \ w)“ Frill‘ _ 21113111, (L U“. dmrdh, ."l. lls: the very thing l‘ j inlenlinn of rcdccnunghs stuck and r r . _ _ ' E 1:1~1- ]1|-:,\_1-1l 1l111l ,,-,,t.,, _, mt“ _ .1, \\.11-1 lh-sqlvpd ma, Sun“ \\.1nt 11ml 1l!1lu‘t know it 1101111] n“. 2 filming nvcrwils pohcyholdersone . _ llh: _. .. _rn!la, or Surplus eurnn.“ uperalmns wlll befgg 4 / _ 5 qumm,“ gm“ I'\,l,|.l)lng_ “Hgllih §I)0|H:|'1‘1>|‘!:-_ -1l1-1-M|,:]>I,L,_.,. m?“ will,‘ '1'!Iti ‘l. 911111051- l ,,,_,. Suhscriptimhi j hundred 51nd twin? mglbon, of Uflélfil, ullinFlily (lislrllauletl lo (he policyholders ul the [Vlluufll h! cash or applied lo the I l ' / ‘ Z --.- 111-1111}: \\'! 1 11111. " -‘ ‘" . - ' ‘ 1-‘ 1-11!!! s11 - 2121-11111 1 ,., ,- - azsuel - ‘ ' ‘ - ‘ _' ',- .. -' - z lllnl: l 1-11111-1-11 1111! u!‘ the wwll- lmrll-ll lh1- :1!'!'i1'11111!l\'1- Wllic-l! 11"!!! V 1-1li1111pi: rz-(Z-l-‘lll’: “H! I” " ‘ hlslnse-"j-r‘ Tllllsrdw: "Ill-S fillllfln s: he 13cm?“- o ' c“ Prenrmma or added to the i ‘Le vfllulh ‘f [he ‘Plyhcies’ as ‘Per Policy- ’ z _ M _ . _ L I N - ,1“. ,|,_.!,;,11- l11- um- u! 1 ' ...,.h _ [ll-.1l Almost l, H, d d H ' d Y o era 1ncl1v1due1l o hon. Three factors have combmcd lo bung ubuul lhls recl-lellez 2 _-.1>1 4111111111 .1111 !11.\t,-1l1.11 . l) 11 . _ ‘ 1 1-1111! Aul 1s 1, 11111111111111 °"“'° M‘ W“ "mnagfi “mam , m- ‘, g}, a ] '11 c / , / 5 111-1‘ huu >!1:11-i11g!_y 1 an.’ , hrndll1-llon 11ml 11o: 1111-1111111 or stuciw lm" _l°§""">ny lq the strength of Je " e mm“ ° ‘e omlmnl" 7 4 E 1.. 1, 11.11.- 1111 111111111 111' 11.. spmmzo CONTEST AT YORA Md” “lwuld- b" ‘Ylllwul u vvl-y “mmwc °°°l’°“‘“°"-" / I. : 1011M!‘ 1y1‘1_1:1‘l)l]__\'lfi'd>l~k>-b11 lzszugilolft glglilllnzll;il“i'g'll"l_lllzty 1-!‘ lun. Il1-!_ the, <>Q>_i_ i Mr- R- O. McCulloch, 1st Vice- D ' I E , z‘ ' f - E ll; l1‘ > 11111 1-,‘-<! -1!!1l I \'l -'1'0nt1--t ll. L-h- l" -'\ m" ml " P'°5ide“t"' l. ecrease In Xpanse Ratio ,1 1 A : ~ , . , . 1.1.. s , I11 112ml! 1)! :1 1:l11ll1-11;.-;1- M .- - x‘ ' I; ~ 1.111 ll1:1l 1>ll~1| l $111 1111' i!! . Whirl! l1111l l11-1-11 mun-l t l - |-- Th“ Compmy h“ always lmd - ' ' : M,‘ "mu ‘mg’ i . n, m“ “lung hung‘ ti,“ 11.1.‘ é- 1 conuflpu,‘ film, i" m“, Gm“ we“ The percenlage 0F lhe ‘Tulal 111001111: requurrrl (or operalirag expenses § , _ , _ A , _ _, __ -_ __ _ A H _ -‘- ' 1 a|1(|nr1|||1|-,g,n me "escn, simaum, was reduced from 20.45‘ - 1n 1920 lo 18.00’ 1n 1921. 1 .1 ,1: h.1.~ 1111111 .1 111w 111.111 out l: 111111.111, .1111! _~,,.,,,. ,, vkupnm. m. GEORGE WILLIAM MCLEAN l alnkr-s '11 (HI ' '1 IL 1U / g my <11,111.-1-l1 1.1 11>: sound 11s tlur 1111-111:>1-1~.~ 0!‘ !l 1 Y. l‘ .‘ _ _ , ‘ ' U r C91“ an“ m l“. H” , Z 5 ‘fwd I HT] [NW u“ the PM,“ "r H“? _nruglll mm“. Sxrllutl!‘ v -—- I menrluus agrmultuml posslbllllles , ' / /$ E l 111-1 |'1!'!11 lu-liz-vvr in 'l“1u- 1-x1-1-1'1li!1'l\' ' -- l‘ » I M!“ -HHI WWI)!" m nM-lm-wm‘ “m7 and Us “Inmate progress and 2' Increase In Interest Earnings l ‘ z 1111-11 i1 1l1-llv1-1-s 1'1.-‘.-1}1111.1-111lI.}. \1-'l1.ll.l:.lln1l1}1 l “l1 “h. U] m‘ qulmumilng lnswm‘ “W-"l €§v'l°"'“""' Wemcugnizclhallhe / g z H, .. , . , ,_- .. ,,‘,,._‘, __ _’ -_ K- . . _ _ _ . .. I . m“, mmmnrs Surfirilqll rgr-‘H ‘lmnlzlvllvflltzrllu \\l11-!!l 1.111. l- 1-11l:1.\" , adiseisifivg éll‘rfvlifihsgrgi°i'e°‘ih‘i’i ' The average rule ofmlereslem-neclhylhemvcslmcnls oflhe Company § l; '|‘111 |11!.-1-1111!in111l l’1'11 1-1-1-1 l1111l l11-1-11 111-1! p1-;1,-1,S..,, ,_ 1;,.,,,.,_,", “flfiwlll “iii-fl ll-“l lllllll: _,_c,1,uckg,_,_im psmfleareinrluqtrio"; shows nnmcreuse from G/LIQQI-in 192010 6.60'_,Z,,in 1921. / '/» : E ,-~'.,l~=l"l “4 "l':. ~21 ,- >".-.--.. , . ‘ - 1 .>11|11, , f .' ' " .23) U111 1H: 11'! mm“ ‘1211-[111 l; si11l1rlh1 11.11l111t,.. 1111 .l11.1,, 3,,.,I,.HH m“, l“ I1 “m” $1111.12 l1¢-‘.11..1l 111.11 nfmlmlenl. We ‘ 7 '1: z : u 1-11 1.. 1 H 1.... .1! 11.. 1l!1l.~ 1-112. wv! 1- 1'.\'!_'1-,11,|11!!I1ll’\- u! 1111- 1-,11-l 11111 n!‘ i. fir-W 111:1! 1m!- agrlculturul pms- H1 F 1 / ' ,» ; I 1.!:1.1!»-1»11:1.1. .>v1-1' llfly lhuu- n1- 11111! lh1- Dlahunu-s 11-1-1-1- :1 'l‘h1- 1l1~1-1-:1<1-1| 11-1-1 111.11.» ,-. p'"","-"' "‘ ""-"-'“-*"“"Y 5°‘ ‘he Wmwll‘ 3' lg Y avota e Mortahtg ‘- 5 1m l ~11 .1'1111-u!- from !'1-- 51-11-11!!! I'm!!! star! 11> finish, Sll(l\\'- 1111s! .\'<\uuz 1111!! -‘ '1 l ~‘ l w“ ' am ‘ “hpmcm"lfmwdalmd"l" ‘ 2 z 3. ,,,,,-,. ,,,,.,, ;,,',.|I ,,-,,,,,,.,, 1,10,“; gm: ,1“, yurk yum]; lump,“ m m W ‘M ‘huméu; t“]‘l";‘i:'l;hl:l';'l;|l pulu- .~1 l11r_ as we cunjullnw it. The morlalily rule of 1921 was {he lighlest experienced by lhe l j -/ . S1.u~-111>1l1-- l 1111111 11ml l'\'l'l'.\’_ ‘i518 H1'_u11 1111-1111 111111-12 A 'l‘".1hl1-;111, ?llllllll'(‘llll,\' ulw 1-,,- ,1.-1-1'1-,-|v (1,, “°"‘““‘"'.“_l ‘mlhdhe lmlmF-‘le 9f Company in recenl years, being relullvely 20‘ ' less lhan in 1920. ' i : E 1-1-11! 1,-111:11|:1. Many 111 1 11111111111; s1-1-n1- hy huys in 11m. 111:1! 11:1)‘ \\l1il1- :1! l!l.~' .\‘1Hl( h! iimetly’ h‘ l“ CUmmYw l" "KW m '0 ' '/ i '- 17" ll-‘lll l'l'-"l"llll'lll lilwlll" l'<H"!u. will! :1 r1-:1l (‘uuzullilu sul1li1-r "“<'*'i\"'<l :1 1-1-1-1- >1-\-1-1-1- vhillillt. H's mongllgefi on "nprove ML‘ I l 2/" E 3 m .11-| “Wllllll illlll llilv‘ luilllt Svull-v 1|l!l\' is w-urlhv 111' Th" 'lil\' l'11ll11\\'l|1~ !h1- <l1>1-!0|- u-w-‘l em farms‘ ' $0 . t’ $11’ I ' z ‘- ' -. . I ~. - ' '- - 1 _ * - = - ' ' ... ' 7 ' , 1 ' :-\"1=11.-'_1- 1-111-11411-1! h: 1h!» :-1|11~1-111l 1111-11111111; 11l.<1111 .~:1111:|1_\~ 1!,» lvlllwl 111 !|1- !.-11111| H1111 111-111-1-1- Mr. ciju. BnwnmnLcllnlrmnnof U19 Surplus Ecunmgs of - l2457O687 bclnb - 1 ' 1141111: (‘lllllll-'l '-l),,,,$,,,,,',-,,,,g,.--' \_\'u.~'-.<ul‘l' in}; 11-11111 whu! ,-1-1-!111-1 '“""“" ' ' / ‘ ' i 1 -11l1l I») ll1'1l1lin llrus -,\~!,|1-], w“ |,,,,!, ,,,,,.,-,._.,,,,,,_, ,,,,,| ,.,,_ i" ln- |>:l 1l_\.~:i,- 111' II!!- spiun, _\~ “Iw-lfihyyllyzvul v1...,!1~~~11»111l1-drum; wlzll» ' PCT of TOlal A5S€l$ ' /€/ § l- '. llrllflléifiln‘ "\'l" il-Yhn-niupz. 'l‘h1-r1- \\'1-|-1- !l1|-1-1-,1-!'l'i1--"ll" ‘my’ “"1" l1.‘ ll lW-‘IIIIH- "\'l In“ ’ N-muu ‘ullmull y - ' l Z 5 z " ‘ lnllflk-Ill jllllLKP-b‘. 1111-‘. I'M-u‘ llrulliv. llr- ‘Ml’ ’.l'"‘ ""' l"“"‘l-"-"'-‘ “"'-" _ ' The combined eflccl 0F lhcse lhree cliflerenl lnclors in lhe Culnpanfa / ' 2 5 E ,-.\!1-!111n11l.1 11ml .\1'|l1u1- \\‘y:1l ‘ "hm: 'l“"""<l“"l' 'l"‘ ‘-\'l1"l- §' , ,. . . ‘ , . . ' -5 5 Z ‘whnm, dpvishm m“ "uumnmlkh. ill‘! 111-111. 'l'_l!1- 1Il|,-.-,1.-~,. l.1i1l ll.~' 1l1-11,ll.\ I.I.1l‘:ll,..lll,':,.l1:. experience {or I921 was to nwrcasc ‘he surPhls earnings / €_ z E ,!"1\':-!' u! th1- girls 11:4 tlu- \\‘i!111r-1'.-1. lm“ m‘ l""" U‘ "Mfr nlwlll" lllllll. H H_,"',l""'l“"‘l°""l . /" '; l E .,\](),0,,g], |],,. “(u-s “-,.,»,. (Hsfllnmnlb: llllmlulh-gvvl-ithllfil 1-\\">-|!‘1l1:1.; u!" l-‘ljllujrl, ' _ l.‘ l"“‘“4. WM‘ _ from per Of RSSGtS t0 p8!” //,, 5 E 1-1l !h1-\- \\"1.-!'1- 1:01-11 s 111!‘ \ h1-: l._' “ ' -. " ' ' 7“' l‘ "- """ _ , " _ . , _ '_ , _ f 5 E {vow (Y-rvumnks ‘(M llnnvi_("l'h" 1:111)!!! 1:11 l11-.11-!_.]Ilu :1 shr-rl whllv. Cmrlt"l?"b>’1-C“"f""‘mfmfm"; The mosl slgnlficanl llem 1n lhe annual rcporls 0F a hle IllHllYflflCU crnnpnny_ 1 . i I Mr. Kll-l-stuzul, s1-1-11u1l1-1l h)’ \l'ill.!:.l l s 1H" “l” ‘ll -"'l 111111 llu- #11111!‘ l "1l.:m'.','.(.1.m‘Hjllwallfl, ilolng Business on lhc perliclyallng plan is nol, lhe amount ol Surplus al10\\'n by the / I § ': “'95, ,_-,,,,| ,,x,v,.,,,|,.,| u, ,1,“ j,,,|,_-,._, l“fl'_li\ llfil_l\l"l5.lllll-l _ ‘ X ’ _: V,f"ff“fllj_l}‘l’lzij'f'*l“"9" Balance Sheel lJul lhe Surplus Earnings (or (he year. E f 1b‘; llu- Prushll-lll. lluruhl \\':1tl.\'. 111 m ‘(I'm l1"! hum‘ m“ I'M; "n -‘ I“"l"' "m ' m" m‘ 3mm" l’ 5 5 ‘. » ‘ ' '\')11-1'1 ' : - \ .-' , g - lSlimwhliilh“m“ ‘llmlgflsl "urlixllr“'l l'-ll'11n1il_\' wl-ru ululosl l11|\'1-1-l-1‘)l1111-\ Z 7 ,3 E l§,§,,,1,,f),{“5,113",{.,‘,‘;“",,‘,f};1},,,"“‘_‘;1113;»: I ,- Salient Poinls (Pom lhs 1921 Report /3 f § ‘ ' ~ ‘ ' "" ‘."l‘.'i ~_ "- ' ' '1 --': 1‘. . . '-' -

fllonnlghly ilmmll m) "llllmllml “s 111u1lJ-ll,‘<l.-1l1-,$.l\ll-l.ll.l:l..'1ll.l.11l11 lllh‘ 1,. ".E.'1'Z"1'.I§§..TILZ'IZ Income, - - - v- .. '- $l1,059.484 Assets, - - - '- - $ 48,211,204 i E l" "°““.‘“‘ '?““"~’ “l” l"‘l’-“’ “l” "P" 1M 1-1 11 11101111111111 11111! .--r1"--1-1-~11~- f." , .. ' , "-1-" -_"'-"---"--- P111111. Policyholders - - s 3,812,814 12.15:.“ 1.. Force, - - $225,697,353 i/E = = purtumtv o! 11110111111114. . , , . .-- . . .. . » “‘ "1"" " “l P~"--'-l ---< P-- - v 9 _; . ; .111 wulhm, ,111- lnulhu!» .1111! 11.11-11.11. l! §u11...1..,..1.1,1_\-.11=_ General SurplusW-"uncls, - - $5,790,520.70 , - éi S I _____¢._}______ »|,,-,.,. __,,-1..,-< 1,“. ,,,~,,,,,,.,\- ,,,-,,1 l...” ..<»._1.1"...~|,,-... .-...1.~r..1-1....1,- x111...“ ' - . /, 3 1 " 1111110! .\11.11:»11!.! 1,1‘ 1.--11."11.-1.,1.- “'°"“""'"“"°"-""l'°Y“'-=°""*=--"-'-" -‘

Jllnnrwn l.ln nn-nt for Ilurnu, ' ‘ _ /

[ ""' 11ml .-\!11-,11< Sun-ling. l‘l.11-1»u1 -\\' 11!. l11u111- 11u-l ' l

I ' ' . 1-.-! . -.= 11111-8. .. Albr-rt Puul. R ' Jum-‘tu-{IItmlllhvg‘ l.‘ -I. ‘--, _ .‘:1s'.,':1n1v . ' “(:1 i1- .1 10111.1:- llflVC Qxlra beau-l Slllllll Aillllllllll‘ wllldsl (‘l Value thel-[U 111s himlll- -1u1l i11\-!:1I 1111111111, _ It contains come‘; Gr-nrgt- :-n1l1-:-.|'1-1| l11u1s1-l! !11 ull 1n

W ‘v , his homo, \\‘l11-!'r-, 111-. will lu- grr-utly ‘ '“"“ ‘s. -I. ' - ' - ellner S'i \\'l'.\'.\'lll‘l-I-G. l-‘1-h. l0.—~'l‘h1- l<‘1'e0 m|()t-‘1:1-!'lu\\'i111; 11-1111‘ 1-111-1-2)" H111!

r (llzlmmld rings Pruss puhllslu-s the following from K001i l'lll"‘l‘ ill"! ll"‘""l"l"‘ “lll-"lnh - , - - ‘ . , _ _ , .1 1 , , .. . uunshiun \\'h:-!-1-\'1-|' l11- \\-1-nI l11-\\.1,1 ‘Oled l0!‘ lhell‘ dlS-lilfktwimillgfi‘; Lzitiingllgliglfillrt 1, guns-lull hn-urlh- 1111111111: ih!» I l ‘l. ‘I ' 1‘ "n 1-: 1n.‘ -.-.~111-l:1!1-s. lu 1111 1213'.» ve charm and ev',ll11: (Tunadlun Natlnnul R11ll\\':1ys‘,5",;,:,G.,l!,l$“1-11111p:11111n1,< 11-11‘! luukf

‘lu vzniu fm- his hrlgh! su1il1- 11ml‘

he Settings afelwlll l1:-'r1-1l1\<-r-1l l0 :1. puiut _!n 11111k1- lhla 111:1ul_v lurm.

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