g FREEMAN JACKSON «Jackson Family's "Outlook Brighter; By RALPH CAMERON Guardian-Patriot Staff Writer "Surely goodness and mercy will follow." The Biblical p i1 r a s e comes easily to mind in watching the heart - stopping thankfulness of the Freeman Jackson family when they think of tile reaction of Islanders to their sorrow and loss. It was just a week ago tllat all early - morning fire slaslled through their home to destroy everything they owned and take the life of their little son Carl who “would have been five ill prll " Since 1 h at disastrous day when a heroic 31-year-old moth- er wakened 1'n the early hours to a smoke-filled house a n d /r aekling flames to rescue sev~ #1 of her eight cllildren fr o m .he holocaust. filings have grad— ually brightened for the family. DFSPAIR IS GONE Happiness may not come for a long time to the stricken fam- tiy. but at least the black de~ spalr of a week ago is gone. Tlle sense of personal loss is still great. but it is no longer a feel- ing of total loss. The Freeman Jackson Fund. started by The Evening Patriot the day of the fire. has changed the outlook of the family. It has *FIRE FU N'D . given them hope. “With this we. i can start thinking of getting an- I other house and having our fam- ' tly together again." Mrs. Jack- son said yesterday Right now they are scattered with six of the children out at St Vincent's Orphanage: seven year-old Debra still in hospital “under treatment for cut. tendons M MR. AND MRS. The youngsters have fun play- . ing in the rin at St. Dunstan‘s University. but “you n e e (1 stick to play hockey". Jimmy, said as he recalled that he had two hockey sticks “but they go burned in the. fire. Mr. and Mrs. .Iaekson talked freely of their reaction in the response to the appeal for aid but said it had been so tremen- dous and warming “we hardly know the words to describe our 5 feelings with so many 9 o p e . digging into their pockets to ' help us." They were particularly truicil ed by the stories of the lit tle kids coming into The Patriot of- fice to leave their few pennies— small in amount but tremen- dously large in feeling. “A person doesn't realize how many friends he has until h c meets a disaster like this." Mr. Jackson remarked. QI'ICK RESPONSE Repli Mrs. Jackson “you ake people for granted. But when this happened to us peo- ple were coming ‘ clothes to“dress most as soon as they were 4-. out The Freeman Jackson fund moved over the $1.- 500 mark yesterday as $128 ill contributions received. This ht the. total to $1.- - “'9 hroug tn er hand: an r. and Mrs. 569' Jackson staying with the lat- ter's sister. Mrs. “Francis Grif- fin. 23 Esher Street. Yesterday. two of the boys. James. 12. and Freeman .Ir., 9. Were. visiting their parents as immy. the oldest of the. chil~ dren and the one who first wak- card to the fire. wanted to see if daddy could get him a hockey stick. ———.—————- of the burning house. Tlley had only their night clothes on and the folks knew they had to be ‘ dressed to go to the hospital." . Mr. Jackson. in talking . plans for the future, said he had 2 hoped to Stewart but when he went tip to sign the papers the owners .ehanged their minds. “But Ii —————————i am still looking and still hop" B R I E F S attend a meeting of a group of friends in Mt. Stewart this evening where he thought. plans for his future were to be dis- 1‘ SIBpatnMfinrfhngnENreturned have handled the situation nor 1 to his home in Alberto" atm- .brought his. youngsters home. eceiving treatment in the Char. i from the orphanage, he said. lottetown Hospital. sanvnn YOUNG ‘ 13 FATE-NT The young war veteran was . ‘only 13 when he was be dly inlfglhfggarmgpllalfi patient iwounded in the Scheldt Estuary -white serving with the N orth ‘Nova Scotia Highlanders. He. :spent several years in hospital: ' after that before his leg was fin- (Alla lee announcements In ‘ally removed If Camp Hill in micro natal e ‘ 195 . Adverrl'ltnl "child-Jami" d . When he was finally discharg- ‘ed. he lived in Sthc‘w‘iacikie. N..{s.. athe town from w e s M e. MRKAY ' M "‘9 P'E‘l' ““Sm'7 the former Freda Neill came. tal. Jan. 22. 1963. Mrs “Vi for two veers before going to Elizabeth MacKay. widow of Sudburv_ but. the late E. Calvin MacKaYi 0n returning to the island Elmo" 5mm- Re’t‘" ‘t they took up residence in 1. "1° Cutdme Funeral Ho“lelvste-wnrt where they lived until from where the funeral w t t l the "m h' “"11 hurlldBY- l“’vl't’icei Mr. Jackson recalls there "‘mmemlnl Gt 2 o'dock- 111- were several other Islanders ferment in the Cutcliffe re- serving in his unit when he was - relying vault. later to be bur-[wounded One of them was the led in the People's cemetery. ilate John A. Macdonald. Cardi- T’lease omit flowers. igan. who as a major with th e._ “-——————————~_______..._.____ ___'_._. . IN MEMORIAM In memory of our dear son and brother JAMES LEO DEIGHAN Who passed away suddenly one year ago mi. Jennnry 28. 1962. - Ills memory fondly cherished by Bother. Mother. Brother and Sisters. 1 t t . . I t the is a veteran he could n ot have met the q u a l t ft cations E needed under the V e t e 1' ans iLand Act. but he. thinks the iFreeman Jackson Fund may i change that. Alone he could not ‘ ' linorning i gBurlingtm f T. L J I Macintosh. ' ; Alle ' '“‘ liposition i _ over With .pe the children al- ofte lSiAND NEWS PAGE! Summerside And Prince County. ‘The Guardian. Charlottetown. Wed. Jan. 23, 1963. 35 MacCailum oi Prince Edward Island Fire Mutual i mercantile insurance Company atlgreat Bracklev Bea‘h Man 1 MUanI Fire (0- t SLlMiMERSIDE m Gregoriihat the amount of insurance1 Brackley Beach . on was elected presialmt. of Lilccrcased risks has considerably and risks averag higher premium mercantile. deal the annual meeting yesterday‘l'ate, the report noted. retiring l. inkletter was re-elec1~ secretary-treasurer. John Tignish. is ic ed president. Also on the directorate are Ralph Johnstone, Long River; Linkletter. Linkletter iRoad; Chessel Annear. Lower IMontag-ue and J B. Edwin The director’s report read by 'l'. L. Linklcttcr. secretary-mau- ager. showed the company to be. in a very sound financial with I for 1962 of 626.2%.61. and assets more than three times the re. outremen‘u of the insurance Act. The report showed premium income for the year was $221.329.22. a decrease of $5.000 year. This decrease was the i i in the Civic Auditor-‘DANGEROUS PRACTICE .‘inm prestded over by } ipl'esident. E. W. Johnstoue of fact that the cause of a large percentage of the losses was and The directors abhorred not known to the insured fires ill with gasoline or kerosene. which is very bad practice. de- the t the‘ report emphasized that e- some persons still ' ‘ i lighting their stoves .Mr. Justice IR. Bell melded lat the trial V Defense counsels were J, Watson MacNaughl. QC. John P. Nicholson. and Neil R. MacLeod. and for the plaintiff_ Gerald R. lFoster. Q(‘. and \lerlin \‘unn. Defendant .To Appeal : ‘S’sicle Case SUMMERSIDF‘. An appeal ASKS FOR WAR will be made by the defendant. ,. . . J.E. Dalton. against the verdict I‘MPU' .Pommzé ‘AP’ returned Monday anommn h). President (than: bal-shek ap- a seven man jut-y m Supreme pealed Tuesday for greater ef‘ ‘Court at Sumnlorside which fort toward the goal of recover- ‘awal-dm mp piano” Mam". lug mainland China from the Eleanor lliggins. of Dartmouth. (3"mmumbl5 "1 (‘all upon all {N'su 522.857 in damagm a nd my countrymen." he said. “fur- 13525 funeral costs The mod ac. filer to intensity our spiritual ‘tim, resulted {mm the deg. mobilization. strengthen our 'truction by fire of the Clifton military capabilities and pre- iHotel on March 14' 19m. 1,, pare for the sacred war of na- iwhich her husband perished. llonal l'Ninw’FN" THE POLICYHOLDERS OF PRINCE EDWARD ISLAND MUTUAL FIRE INSURANCE COMPANY I Your Directors wish to submit the Turin lfatatement. of the Amalgamated Companies for y-Sm'mid Financial PAST PRESIDENT’S PIN PRESENTED The retiring president, Mr. IDeCember 3151-1962. {he year ending Johnstone present some . . . . . . . ‘ ' . v- ai which mvealed the Ta p i d‘ going pieSldent] of the George in. F. Arsenault. as J. Hamll- annual legion meeting Mon- Company would bp in “permafand Six..._1}mlr war: "1‘= firming! growth of the company. Amongi R" Pearkcs .‘c .BIaMh. or "in Douglas' .M" Stmvarl' pm‘ day mgm' and was a!” We“ Prince Edward island Mutual Fire insurance Companv would be these it was noted that in 19421 the 'Royal (.arnadlan Legion. \‘lnClal iprestdeni looks on. .«cnied a 3100 cheque. for the 3m operation. ‘ the companys net assets were receives the past-presidents Mr. Douglas conducted the Freeman Jackson Film Fund. 1 t Tassels have been set aside ml i $167000. In 1962 the net asset“ be were recorded a log $568. 000. Mr. .lohnostone stated that 60 per cent or more of the net. the past. 20 years. but. during the. net the past five years a Whoppingi 25 per cent of these assets amounting to 8132.000 have been compared to the previous set aside. e noted the policy of pay-; timed to be due to the factfimcnt of $50 to rural fire de- 1 fall and this motor ('Ihsf‘ of the fiscal year~also some let their insurance lapse. :ories of risks and the. num- ber of applications for c o in- surance and stock insurance decre . Tile total increased insurance carried over the t Also attributed to the decrease iabsence of two was the fact the directors saw hers. said it was the first time! ‘fit to reduce the rate of prem- tin 20 years George M. iums charged on certain categCharlottetlown tiai money was scarce lastipa-rtmcnts which answor calls 1' con. ioutside their own area. een as M r. J Oll'li'SlOflC. the Grant of has missed a meeting and 19 years since W. Brooks. Summerside has not been present for the annual‘ mce mg. ‘ The directors reelected for‘ previous another term are John Ma In~ year but the total premium in- ltosh. T. L. Linkletter and C C hes- eome decreased due to the fact lscl Annea‘r. ' t where i sequently a considerable num- buildings insured by the (30m-1 ber of policyholders did not. pay .pany are involved. has b their premiums until after the :vcry successful. and is regard-i faithful mcm- E I! you will examine the, Financial Statement. as certified by t the. Auditors. you will see that our net premium Income was Turn 0 r Giydon. Reg Dennis. m1.329.22 for the year ending December 31st. 1062 This is a de- O O Lorne Glydon. Ushers are Rossicreas? 0’ HPPFOlealf’lV 35.00000 When it is compared With the i . . ‘1961 income. ' ‘ wonds‘dP' Rn: Denms; “me This decrease \nlti tlireitoi feel i d i if f i th 0 . .. . . ~15: imo leae a ‘ "Pmmmee‘h Pam“, Hendprsnp‘money was very scarce this fall and winter. hence a considerable . 1‘ "- n" 9' T oml’sonl Edwm‘number of policyholders did not pay their premiums until after Johnson. Scott Woodside. Roland the close of our fiscal year and some. of them let the insurance Profitt: church publications sec- lapse- retary. Ralph Howard: adjust- . This decrease is also due to the fact that your Directors saw moms committee. Wilfred Pick_ifll to reduce the rate of premiums charged on certain categories ering and Don Baker. ‘0'" “5 The chapel steward rcported‘ Another reasoufor the decrease Is due in the fact that tho that me church foundation nearinumber out applications for crop insurance and stock insurance the door was in need of repair. idecreased- and this will be attended to lni Our total insurance caiTied amounts to 359.732.9133 00. the spring. The cemetery Pom-t Our total insurance carried has increased over last year but mittee was instructed to do as :our total premium infome has decreased. This is due to‘the fact it sees {it regarding the. fencing ithiat the amount of insurance on mercantile risks has decreased of the cemetery iconsiderably and the mercantile risks average a great deal higher Mr. Murray congratulated thelpl‘emill’m mile i ; KENSINGTON w The. annual The. chapel steward. Stanleyi “meeting of Margate Unitedl Sharpe. reported the organ raw. Cllureh was held recently withi paired. coal ordered. and win-l Rev. L. M. Murray. interim mo-‘ (lows and door repaired, l dcrator in the chair. The meet-' [ ting opened with a short devo- OFFICERS NAME” 3 iinnal perm-L l Officers for the coming year Minutes of fhp last annual} were appointed as follows: trea- mppting were read by the soc.‘ surer. Ralph Howard: auditor. retary. Mrs. Arthur Profitt. andi HE‘th Mayhew: secretary. M“ the treasurer. Ralle Howard Arthur Profitt. all rc-elceted. Ea”. his report which showed a New stewards are Arthur Pro- balance after all expenses were. fl“ and Hillard W00d5ld9- paid. The UCW report prepared: Other officials are: ehalrmanl, iby the president. Mrs. WilfYEdi of stewards. Heath Mayhew: se-3 church on the leadership an d, Our insurance iPickerl'ng. was rea 1! Mrs. cretary of stewards. Ralph How- the strength of the congregation. also do our assets :At‘thllr Proflll. Who 8‘50 I‘l‘DOFl-tard: chapel steward. Stanley He encouraged the people and} Approximately 60.5 per-cent of the net premium income 19 1(‘d for “‘9 nlll‘Sel‘Y kindergartenl Sharpe: manse trustee. R o s s thanked them for their recent‘derivcd from farming and fishing risks. CIZII‘ZS. K _th w t d1 Woodside: cemetery committee“ gift to him. i The net interest income was 52430641 rs' 9‘ arm" “pore : 1' Th net losses which we incurred amounted to $153.35.!” {0“ the Messengers: M“- R e ’3 decrease of approximately 628.099.1111 when it is com- e . I " twhlch is. a ' limits. ti: filtratirklNcr EDWARD ISLAND MUTUAL one; we the m i i i coverage continues to increase every year so l9 Are Sent To Penitentiary From Prince County In 1962 V o SUMMERSIDE _ A record in- .impaired driving were not effi- tal of 19 prisoners from Prince icadous- The Chlaf Jusmce 331d ithree months: on a second of- County were sentenced to terms lthere is a standard of fines in ‘ fence. not more in the Maritime Penitentiarv at erage in tile past has been five r year Sentences ranged from two to f e yea rs and totalled 41% years for the 19 offenders who also spent varying lengths time in Prince County jail while waiting trlal. V In his report to the Grand Jury at the November Supreme Court sitting. Sheriff R. 13. Dew- ar stated th e r e had been 132 prisoners under his charge ' Prince County jail since the ay sitting of Supreme Court. .1115 report showed the majority of offenders were concerned ‘with excessive or improper use of alcohol. Exactly half of the prisoners were jailed for intoxication. 18 for impaired driving. four for possession of liquor. three und- r the Excise Act (relating to stills) and a variety of other of- ccs including rape. criminal negligence and break and entry 3 Q in which evidence revealed li-i quor played a leading role in the crimes. In his charge to the Grand Jury last November. Chief Jus- tice hane A. Campbell stated. although he did not favor se- vere penalties. it. was apparent that sentences being imposed for pany commanders The Jackson c b t l d r en are James 12. Catherine 10. Free- man .lr. 9. Cheryl 8. Debr 7. Richard 6 and Ronald the baby at four years of age. musical comdy. l . imagistrate's courts ranging from 1 months without. the option. of Dorchester. N.B.. during 1962 it 1375 to $125. He pointed out that '1 fine and for a third offence no was learned yesterday. The av- ithe criminal code provides in i less than three months and not ‘ _ ast vear the losses were approximate-iv 603 per cent of the who were organized recentlv.i l - “- . ‘ - premium mcome. This year the loss per ental’re h prenuum M“ Donn“ “"9 "‘9 Sunday; ‘income is approximately 661 per cent so that we have a net. 1 School report and also the cem-i .excess of receipts over expenditures amounting to $5189.61. letery report. Mrs. Charles Den- ; Our net remium income from insurance on fanning and Lflshing risks for the year 1962 was 5134.13.13.83. The balance is 'incorne flrom mercantile risks and income from insurance 01: dwellings which are not considered farm risks. schools. churches. ihalls and other miscellaneous risks. 1 . nis reported for the Fellowshipl iGml'p‘ “.1 “pm” “'9” vary 1 For the year ended December 31st. 1962. i encouraging. '. ' INcoMa f not more than $590 or im- . Net Premiums . . . . . . . . . . . . . . . . . . . . . . . . .. f 221329.22 The average percentage of the security reserVe of the insur- Flsnnmml 0‘ "0‘ m0” “1 a“ Net. Interest ........................... .. 21.99643 same liability for the last. twenty-three years is This year Av - t L . . _ ' _ _ _ . ’ _ _ _ . . _ _ . _ , ” 525.45 5 245352.11 our securities equal 95'? Th average ran e rom low in tllan th re a ‘9‘ 0m“ a” a ' __ ._ ._._ 11940 of .8"? to a high of 1.05% in 1949. so that there is a decrease at :between the high and this year of .1'7. not 1’76 but 1'7. l iEXPENSEs i The following is a summary of the financial standing of this I I l t cussed. l . l I But he said that even though “lament “’35 ""9 0f “‘9 mm' t . Agents Commissions . . . . . . . . . . . . . . . . . .. It 33,353.06 ‘Company as at the Thirty-First of December 1942. 1947. 1952. 1”"3 “85° “‘8 first offence. 8 finelmorv than one year chases lncunr. ................ .. .. 153,315.99 1957 and 1962 tr )ection Costs . . . . . . . . . . . . . . . . . . . .. 463.40 Year Premium Jnterest Lassa 1 A- ministration Expenses . . . . . . . . . .. . 32,394.00 Income “came Paid ~ "Max:300 Net Assets [3 oreciatio-n mt Building and Offlf‘t' 1942 348430.31 $6.189 32 315.441.49 31443825700 $157,555.52 Equipment ........ ... .. .,... . t.4.'itl.05 220.572..” 1947 8.. . 9.629 93 52.44467 522.161.3297 00 260.195.10 . . .. -.__._ 95 13354094 0.241 15 70.09023 716233.454 no 329.4710] ."I'JRPLL’S FOR THE YEAR $ 155289.61 451 "14.97613 43.704.91700 436964.80 - . .43 133.3069!) 58.732.96.300 H.184?! V BALANCE SHEET th The following is an analysis of the losses which we paid for ‘ as at December 31st. 1962. 9 W” 19621’ ASSET“ 1liur'a: Dwelhng- .. . _ . . . . . . . . .. 8 56.20735 ' ' - ' x ura Outbuildings . . .. . 32.23431 Cash on hand and in bank . 5 9,337.19 ' Stock. Produce 8: Machinery other Notes Receivable for cash premiums .. 1.987.295 11,324.48 mtflgghetractors . . . . . . . . . . . . . . . . . . . . . . 15599.45 _..,_._-<_. i I . . . . . . . . . . . . . ‘ 8.486 I . . . Dominion. Provincial and M- u n i e i p a l gmmlfili: - - r i - - o . . . . . .. ' . 3.1 l n ‘mat. market ‘- .- - . . . . . .. 1.7.. 0 Hyatt Haslam 5 General Srore figs-.Sglmgggmfirl’rr f “mm... 1 grgan gwtegllillcgr u. . . . . . . . . . . . . . . . .. 43mm - Fredericton Mortgages and other set-hone: . . . . . . .. 13.195036 _ agrgges u urine: .. . . . . . , . . . . . . .. . d c I L k D Accrued Interest on securities . . . . . . ,. t.l7fli:‘.itl 525.141.76 Soho?“ I > 310mm oy crews uc y c or Store _ . "—7" - ; mam hid Clothing .... .. 2.74m Hunter River Real Estate. at cost less depreciation 33.46925i Fire Departments ‘ I _ ' O . H 2: ‘m r l Tractors . . . . . . . . . . . . . . i 651 or ' s 570515.50 Boats .. 1:42.330 . “Vac” S‘I'Ofe‘ LIABILITIES ' Restaurants . . . . . . . . . . . . . . . . . . . . . . . . . . .. 836.36 143 St. Penci- S Rd.. Parkdale Agentsi Armumg mmm ‘ 5 31355 ‘ Smo er ouse . . . . . . . . . . . . . . . . . . . . . . . . .. Provision for unpaid loss claims . . . . .. 3.00143 3.31509 _ - r ~ a - - . . » . . . . . . . .. ..n O Weatherby's Clover Farm Store 1 magnum: Equipment . 2;: an . .. . 1.11 79 Upper Queen. Ch'town NET ASSETS _ Office Building ........................ .. 12534 ’ V 331 cc. December 31. 1961 . . . . . . . . . . .. 6 $1395.36 1 Rink ‘ H mm QUALITY PERLUXE — ODOIJRLESS Add: Sunplus for the year . . . . . . . . . . . . .. $1389.61 2. ‘ _ . . I . _ . _ _ _ . _ ' . V . . _ i I _ ~ u 3n n” -.——_ —--—-—~- [ Adjustments . .. . , . . . . . . . .. 40:10.90 M t N t i l i O I n c .3 "68334-97 and the balance is miscellaneous. 1”” "9 "Vemm‘m " ‘The following is an antvsis of the causes of losses‘ . ‘ . . I H I t ‘ '41. . . . . , . .. .. s m SH'RT LAUNDRY SERVICE Equtment. ................... .. “1—161-56- $57220 ‘ gay?“ n x m. V ......... H s 73 e er 1V9 lies ~ . oreplpes . . . . .. . . . . .. . T D t 570-53550 on Stoves Exploded ............ .. 7.650 on ' . 7‘ Oil Stoves Flooded . . . . . . . . . . . . . . . . . . . 7.56100 ' A U D l T 0 R‘ S R b P 0 R 1 Lightning . . . . . . . . . . . . . . . . . . . . .. 45131.17 Bl We. have audited the records of the Prince Edward Island. suspected Incendiarlsm . . . . . . . . . . . . .. 4.13.1313 Mutual Fire Insurance Company for the year ended December‘ Gasoline Lantern Exploded . . . . . . . . . . .. 4.100 on 131. 1962. and verified the cash and bank balances and securities.‘ Faulty Winn: . .. 1.0;;‘36 ‘ As all insurance in on the premium note plan. a reserve for Flt“ nf‘t’ar'mt'n" - - a - - a ~ ~ - - - - - a - - - » ~- -; unealued premiums. as described in Section 69ml of the insurance Heat lamps. Pd . . . . . . . . . . . . . . . . . . . . .. I.” an Act, is not required to be segregated from the Company's general EgoTtacgi‘rcE?Plnd ' - r ~ - ~ - ~ - i ' - ‘ ~ ~ a H reserve. ‘ ' . . . . "w; '-, WOMEN ARE We mm m m m m m Wis": opinion. It in adequaw Children elavih ' with Matches . . . . . 0.27 '11 . We have verified the balances owing by policy-holders on Adjustmentg' 1‘ _ ~ ‘ _ _ _ _ . . _ . __ 40mm notes for cash premiums. ' . y H After deducting 1119 net inypsiment in office Fqlllpmmt' as and the balance IS'I'TIISN‘: alieeusH 1 H mm J ‘ ‘h ‘ w. shown above. the Balance Sheet does not include as assets items Ym" D-I‘N‘m” ““il'l' ll" l’l" ‘3 ‘f' ‘ “ " "" " 3‘3- Tickets available at Musi Presented by Prince of Wales Auditorium Feb. I - 2 Admission 1.00 Curtain goes up or 8:30 p.m. . . Come and enioy this fine A speck] subsidized matinee for school children only on Friday afternoon. February lot It 2:30 pm. as a special service to enable our young people to nee thb fine drums and music nt the record low price of 25 cents. CANADIAN OPERA COMPANY prohibited by the insurance Act. from being shown in the annua-i.t>er00mazc 01' the losses was not known to Illp insured statements i‘equ‘u'ed to be filed thereunder. ' Some persons still persist _in lighting fire.- in their stoves with . By virtue of Section 62 ill tsl of the Income Tax Act. it haul-gasoline or kerosene w 1 is a very ha practice been determined that the Company is not liable for income taxes“ ‘ percentage of the security reserve of _ insurance since more than 50% of its premium income was in respect of liability has beenstabte and is approvimateiv .95 of i It. This the insurance of farming and fishing risks. figure has not Varch to any extent. for some time last past Subject to the foregoing mmments. in our opinion. and ac: . According to the requirements of the Insurancr A" pm cording to the best our infmmation and the explanations givenimlmmvum reserer would be 9162.00900, therefore you. the Policy- us. the foregoing Balance Sheet sets forth fairly the true static of'hnldem can rest assured that the tmanmal circumstances of the Iaffairs of the Prince Edward Island Mutual Fime lnmrancelcmnbm are in excellt‘flt condition. lCompany as at December 31. 1962. All transactions of the Oom~ This year the expense percentage of the income is 13.1 per 1unnv that have come within our notice have hren within its power. ‘t‘m‘l Mmf’tlfl‘d “'lllt It’ll on rent last year and 13.1 per cent in Charlottetown. P.E.l. ILR Donne and Company 1950- I ‘ ‘ January 10 [963 Chartered Accountants. This year the t'nn‘IfT‘lcslt't-n pmpnlagp M the pram,“ mm ' y is 14.6 per cent compared with 144 per cent last year. INSURANCE AGED.” Again we would like to point out that it has always been. and n'lleary‘still is. the insurance the c by Mozart . Errol Stetson . . . . . . . . . . . . . . . . . . .. ,_ . .. aim of your Directors to keep the hratio between fly; ' . . . . . . .. V.‘ i 'll. Northam R. R.: > ' reserve in a good calthv state an .imteycgl‘mgrd' ' ' ' ' ' ' ' ' i ' ' ' ' ' . wmimtmialso perform the best service at the lowest possible premium ‘ ' A - """"""'.:‘.‘.'.:::::'. ............. _. 3 ~ to. 27.3"“ 23:1!“ ’ ' ' ‘ ' ' ' ' ‘ ‘ ' _ . ‘ u ‘ _ _ . ‘ . U Stank“. Bridge It has always been the policy of your Directors to keep the iN’I “R'dfixam """ . . I ‘ V ‘ _ N Norm ’wnmhire. . at a minimum having regard to thi- serviees rendered. ‘Alexahdec J Robert" . . . . . .. 111 Grafton Street. Charlottetown- " you will examine the Balance Sheet of the Company you I men I MacKav A in Grafton Siren, Chafimtmpmn will see that the book value of the Bonds exceeds "1“ actual mar- '3 ‘ i ‘ ‘ ' ' ' ' ' ' ' ' H ” ket value of the Bonds, In our opinion this does not cause any I‘, l R E (T T 0 R S consternation. because in the forseeable future vour Director: in not see any reason which would require us to sell these Bonds. F7. W. .lohnstone. Burlington . . . . . . . . . . .. > President Gregor MacCalium. Brackley Beach . . . . . . .. Vice-President ‘l‘. Leland Linkietter. Summerside. .. Secretary-Wanna Your Directors tru~i that the current year will be a sureesstul year and will again demonstrate the benitit of the m-operative principal which underlies the system of Mutual Insurance. “3" “mm” ' ' ‘ ' ' ‘ ‘ ‘ ' ' ' ‘ ‘ ‘ ‘ ' ' ‘ ' ' " , Respect. hilly submitted this Twenty~Second day of Jammy . . . . . . . . . . . . . . . . . . . . . . . . . ,.Crapaud hum“. 1 Albert Linkletter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Inlf'lklt‘flfl' (gzdty E w‘ Toombs Music Store Cbessel Annear ...................................... .. nMflTntanuc ism. {PEG-m “nut,le .I. R. Edwin Reid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. o ay ISgd‘l , [, LINKLE-n-ER "in" Broth". Ralph Johnstone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Long River Cum on Behalf of Dim fl