f NOTICE JANUARX 2o. 194s liieii’: Appointment As Senate leader Expected This Vieeli orrrAwA. Jan. 1e - (on .. tel Meclienlie mm is p tme slxipfillkd to announce this week me appointment of Thomas Vleri, former a1 member of Parlia- ment for Montreal Outremoltt, as speaker of the Senate, the late Senator Willie the House of leots its own Weaker the Senate speaker is appointed by order-in- collncll and the vaca to be filled, it was learned , well in advance of itle resumption of Parl- lament Jan. 2'1. ‘me appointment carries with it a salary of $6.000 an allowance o1 $3.010 in lieu of living quarters and an allowance for automobile a1 $1.00). Added to the regular sesalorial indemnity of 84.030 these make a it! compensation of $14,- 030 s Yea!‘- openlng of the session will bring up in the House of Commons the necessity of electing a deputy speaker to succeed Mr. Vlen who held that position before his recent aprbllltllléllt to the Senate. It is understood the Government is considering several candidates for tiiis amwlntment, among them Jo- seph Bredette. Liberal member for Cochrlirle, and Lionel Chevrier. Liberal member for Stcrmont. . The procedure in this aopolnt- I ment is for the Prime C1110! Juetic u “Mduhdemsir Lillian P. Dun, "W! l0 ttiehocnate chamber and I Ibeec from th thi- prowling Parliament, ° m’ Ngflredfiuli iniifié the larl oi with a throneo? 035?}. “Sig: 8 5' In the Sue to tn iflterl Ill e . tween tnree and four o'clock” 4:1, g, gun mural: by the iornaalitv peaker an . ireivingulieviumelnbers. n . _ w convene without a speaker the sittin wl b, di by the senate I u ‘med - . P. R. DuT bi , misses: we" c "53"?- . . . ., s m. mm,’ out‘ A cf i Ca There are three new House mem. be?! in be introduced on this occa- sion but only one oi them has been iiworri in so far. he is War Per- vioes Minister llaFIerhe who won the hv election in outremont after Mtg. vlen's appointment to the Sen- a . ‘I112 other new members are Frederick Dorm. (Ipd chprlpvqjx. fifiillllmilyl and Rev. Sonia-v "riowlcs 10.0.1“. Winnipeg North Centre). There are three vacancies for which no bv-el-ctions have ‘WEN fiveeh-s-iillrk, Humboldt and Montreal Cartier. FBEDIIJOTON AND VIOIIITY School is progressing favourably unoel- the i-alagement uf Miss Jean r nominate the Govemmentk choice. | “M, customarily the motion is carried, without debate. i Appointment oi a deputy speak-= er is not urgent and may not take lace u:itll several days after Pari- ament resumes. Parliament Meets Jan. I‘! Both the Senate and the House cf Commons meet Wednesday af- iernoon, Jan. 2'1 at three o'clock, the hour to which they adjourned iii-t Aug. 1. At foiur o'clock the de- plity of the Governor-General, SFBNE T0 LET Corner Fitzroy and Edward Streets Excellcnt business stand. Aiiiflly R. S. Mac EAT]! a eiephflle_82'l The Annual Meeting of the Tryun Farmers Institute will he held in Tryon Hall on Saturday, January 23rd at. 2 o'clock, Should the day be stormy on Monday the Z5th at the lame hour. All interested are re- quested to be presPnt. ' CHAS. B. LORD, Secretary. 1-20-11. AlliiT|0N sill: I have been instructed by the Adlliinistrix to sell by ubllc auction, on the premises of t e late Frank McKay. Darnley. on Wednesday, January 20th, the following stock. crop and farm lmplcm nis. Sale commencing at 1 o'clock. ‘ If day is stormy. first fine day William H111 o! the R. C. N. V. R. spent a short leave at the home oi his parents Mr. and Mrs. Robert Hill. Since the ‘ § _s__-__ l. lsrocx Quoni PAGE FIYF m. riiAizixrri-‘sfiwiii’ niiAilnii-sl Peach inc ‘ ‘ “m” °‘ 3,,?""““°““ ‘°""""°"| NUNTIIEAL SIUIIN} i ' EXBNANGE (Canadian Press) -Bcll Tel 147 ‘ i???“ A "1': ow - Bldg Prod 15 1-4 Can Cam 1'3 Can Car Found I 3-1 Can Car d 28 3-4 Can mu Al A 4 1-4 Can Pac l l-l C Steam I 1-4 Ceanfle l0 ' Cockshutt Plow i 4 Cons Smelt 9U -3 Dom Coal Pfd l2 -2 Dom Brid 36 -2 Dom Stee B _ 0 -4 Dom Textile ‘i8 Dryden O i-l Gen Steel Ware n1-2 How smith. 13 1-4 Imp TOb 121-4 Int Nickel Lake of Woods 21 McColl Mont 6 5-8 Mtl Power Nat Brew 2'1 Nat Steel Car 39 1-2 Norands 44 Power Corp '1 Quebec Power 15 5-8 Shawinlgan l8 3-8 St Lew Com 2 l- St Law Pfd l! l-I Wpg Hes A 3 1-8 ‘iiarleton and liiciniiy Pie. Voftion Gillie who u train-g inig at Beach Glove. spent his 'fur- lough at his home in Glen Valley. Mr. Ralph Weeks returned to St. John, N. B. having spent his hall- days with his parents, Mr. and Mrs. Lorne Weeks. Cpl. Wesley Murray of the gqeC A. F. spent Christmas hare, guest of his parents. Mr. and Mrs. Nelson Murray. Misses Eileen Weeks and Adelaide wigmorc, P. W. C. udents, have returned to Charloitstawivn having spent their holidays at their re- spective homes in Pleasant Valley. Miss Georgie Buchanan of the C. W. A. C. left the province recently for training elsewhere in Canada. L. A. C. Arthur M8"18iil’l wlvo is training for a, Pilot in the R. C. A. F, left fiidav morning to rejoin his squadron in Quebec. Prior to his deniirture. he was tendered a fare-l well party st the home of his oer- enis, Mr. and Mrs. Sterling Mas- Izan. and was iresanted with an i Mrs. Lester MacWillianl-s, Augus- tine Cove, is visiting relatives and friends in Charlottetown. i Miss Viola Ballem. returned home after spending a |pieasant week at the Manse, Car- leton, where she was the guest of ‘Rev. and Mrs. J. H. B‘shop. Miss Hattie Ross, Carleton, spent Ilast Saturday in Charlottetown. 1 am. Frank Muttart and Mr. §Morlcy Muttart, Carleton, motored to summcrside on Thursday. A quiet wedding took piace at the Baptist Parsonage in Summer- slde at one o'clock on Tuesday, December 29th when Bernice Agnes ‘Stewart, daughter of,Mr. and Mrs. ‘John Stewart. Carleton. became the ‘wfe oi Kenneth McNeill. son of Mr. and Mrs William McNeill of ;Augustine Cove. The ceremony was Iperfolmed by Rev. C. W. 000k The bridal couple were unattend- ‘ed. The bride looked very pretty fin a dress of rose-colored crepe. address and a well filled purse. ‘Following the ceremony. they mot- A. C. 2 JOhn A. Blard-aci scent a short leave with his parents, Mr. and Mrs. S. A. Biandcii. Mr. Reginald Weeks of Amherst. N. S. spent New Year's with h‘s palents. Mr. and Mrs. I-Iarry Weeks. MANGABEIRA RUBBER? ' RID on JANEIRO _ (c?) Unit- ted Nations need for rubber has l d fMacMlckeh. 051M100- to research in the field of an elastic H. producing plant hitherto virtually o1 ed to the home of the bride's par- ‘ents where a wedding supper was served to the immediate relatives. A quiet wedding took place at ithe Tryon United Church Parson- age at 4 30 P. M. on Monday, Jan- uary 4th, when He an Blanche, only daughter of Mr and Mrs Charles Robezison, Carleton, was united in lmarrlage with Arthur Stewart, only Ison of Mr. and Mrs. H. Stewart Rev. Ward MacLean performed the cere- mony. The young couple weze at- uritcuched in Brazil - the man- ‘tended by the aunt and uayle oi gabelra. LIVE NEAR coAsT following. ———— ARTHUR J. STEWART, Three-fourths of Brazil's popul- Auctioneer. ation is concentrated in a narrow 1-19-21. ""*"" castafstrlp, - - s WE OFFER- iiiiiioiiiii Lliilll a 41/2 FIRST MORTGAGE SINKING FUND BONDS MATURING MARCH 1st. I961 POWER 0o.,Ltii. % PRICE 99.50 AND INTEREST TO YIELD ABOUT 4.544% FULL PARTICULARS 0N REQUEST. F. J. BRENNAN 8i COMPANY LTD. . E. M. BAGNALL-MANAGEII Bank of Nova Scotla Building Charlottetown all advertiser's own name "Hel lllhflfl be suomitt: d by the advertiser The Charlottetown Guardian. __i_-_ ‘ lielp Wanted’ Advertisements l _ [Betty Murphy, Pauline uvoie. Under tile new government IUIIALAUUIIS flinch because cl- ‘Anqenna Gallant; fectlve on September 4. it l; still permissible to publish over domestics; farm help; teachers: IlJ-unf and trapping help. and fer atiideota employed alter v All other “Help Wanted" advertisements. however, must service oiileer. Unemployment 0 1-‘. Hall. Richmond Street, and on receiving the of- ficer's approval the advertisements can then be inserted in National Selective Commission, to tile lusuranc‘. g . Advertising Item - alioina-dbamtevaayalverhanennflaah idyllic ll Advance ‘ Recitation. the bride, Mr and Mrs. illam Heckbert of Summerside. The bride were a street length dress oi Powder Blue with black accessories. Her sorsage was of pink cal-nations. Fol- lowing the ceremony it wedding so - per was served at the home of t br'de's parents. Carleton School Christmas Con- cert was hed with a large attend- ance of parents and interested friend and all the chlldzen per- fumed their parts exceedingly well, giving evidence of careful and pwnstaking training by their teach- er, Miss Mary Quigley. and the awompnnist. Mrs. William Stevenson. Mr. Erie Thomson very capably pelformed . the duties of chairman. The school was taste- fully decorated for the occasion. At the close of the program Hazel Paynter read an appreciative ad- dress to the teacher and. 0n be- half or the pup ls, Pauline Gallant, presented her with a handsome suit- case. Then Santa Claus appeared gene ous and jolly as ever. and distributee- gifts to all the pupils from a prettily decoratde Christ- mas Tree. Following is the Pm- gram: '-' I We come Reirtation, Gordon Mac- Donald. Openln chorus. A Christmas Eve. Wektome Exercise. Ireta Stevenson. h ' t E ise. Katherine p Wanted" advertisements for ‘Hgwgyilnggrdon "fjfimnald, pa“. "m" “d P"""‘"°""" line Gallant, Hazel Paynter. Haul smih. June Douli. _ Bobby Campbel. March of lvlechanieal Dolls. Ger- trude Hfiwliti. casein Gallant Hazel Smith. Audrey Campbell- Pearl Noonan. June Doull. Dialogue. Making A Cake. Gordon MacDonald. Victor Robertson and l Vernon Gallant. Recitation. Arnold Francis. Dialogue. The Little Gossips -' Gertrude Howatt and June D0011- E. r’ Christmas Dolles. Betti‘ Murphy, Iretn. Stevenson, Pauline Lavoie. Angelina Gilli-Iii’- Motion song, Christmas Stocking. vex-non Gallant. Gordon MacDona . Victo- Robertson. Arthur Pivot"- Daatral uardlan ioeab. ' you; fleas-g saggy ' iio oer .9... Aloe u I1mc€£ s=a s» per wen“ ,.,,"‘,‘;‘,',*;},;"§';,;,,‘i“;:‘;;*.’.‘é 011mm" :i.*:.-::=::.'i "m." "we"... .."- r...“ "- .. w c» was» c“ Qogflqlflgg. 1:1’; may; t. L‘ Howatt. . and 1e “uh n, q,- 4 ‘g Pantomime-Silent Night. H" 10a CI I h L d iglr". solo b!’ Mrs Stevfllw" eelah p: ma. menu all sue. 0373C‘: i oiiiiowue, Sellino The BIIIY- 01m"- anelieation die Doullfleno ‘Girldlkeypgstrxibell. i . re .' - , lkyhé-tcllifncnnscmu m. w m ' Ar- Wiinted ' F" 8a“ thgrwgtvlnugdnchmmu m“ .#____~.-_________- . A Medley of longs. vmvn Gli- lvalvsso - STANDING tumors Ml BALI - IUNG IIIIGII. lent. Gordon mcoonaiii. victor including‘ veilow biach. y 501513? “will Dilnn. Aiblny. 1-30-11- mgerliga. 0mm’ mun , . Ii. - lid-refine Nomi’..- ‘Lisle u» m "l ,1"; ll - "W" Fllilllll- Diedlolilg. omen rml wile so- highway or cod road. Do not g l 9*"- l m“ w, lean s‘ Gordon smnmiii, “.'°"“’.‘ “i ""‘.1‘""'.'“i".5"§ "' ' "9""; °°sl,....,'t."‘°“.i $17.2‘: me or nspec on o atlie ne ' u ne l tte h s. n an n» ente Wanted , l a _ ;...;..?'.. ti’? .2»... ___‘l‘;__________ sci-in» m... M. , _ wt...“ "fificsiili. '°‘J""fi§f %.‘.'.'1.‘."“' """‘"" "'73. —-----_------——e traits lama-me. ted aid, Vernon Pauline Gal- LIST l0!!! WANTID. AI‘!!- Art 00-. . . filariiiau. " i-ie- . “gust. Anemone 301M ounp- Lust Recitation, Sybil . ______________ g9 p331 _ ggnflp 11mins!- Iareweil heroine. by the school. ‘tiiiiflbmli 1t.'.t°"at“.itt':‘:‘°' Writs M c" "s. n a . o y . . - - - I- M. God Se e the ling Pownal, has VI <-r‘i.ende nouston with seven mem- evi York _ s (Canadian Press) m“ m . A" ° l’ II l- Canadians. Am “In: ‘bl u‘: -i - - win 11 . Be dill Av :4 . 8 ‘l - Ches ‘gt Ohio a . -i 1° ‘i exceedin l etroii — in» Auto u a i ~ 9 l’ F - s: -i duties o! bunks. re 4A 1-4 Gt Nor Pfd l2 - " swat“... " ~ on a - N Central It . intent and ability of the free q- Am gs 1o . on rise system to meet the chal. n l; 1; g4 .4 lenge of the poet war world was PhIIPetCc 44- kavnoteoianaddressby s14 oil u ,1 47 . Morris W. Wilson. President and Tex‘; m“, 4g ,4 Manag’ l“ of ‘file Royal United Air 2'1 - Bank of Canada at the bank's ‘l th B Rubber 35 . Annua Meetin . U a steal co 4g . "Assuming inIelligent eo-opera- ailadium 10 -4 ti0n on the part of government." West Union l‘! . said Ir. Wilson, "free enterprise. West flee e2 - which has. already ovided for the people who ve un er it the greet- = alt degree o comfort and security M l C work's hirsiolgy; can ‘meet c enge o e -war ontrea "r mid. It can, b ICCUDIIIIKNIIAIIIIGI‘ - al remonsiIllli . lave the ___. people from the ev that accom- (Cauallan PIOI) pany state control — obliteration Stocks Close of private life, destruction of per- Abitibi Com 10o sonal freedom. elimination of in- Abitihl Pfd 6 1-4 dlviduol incentive. and the extinc- Asbestos 24 7-8 tion oi those extra gains which B A Oil 10 3-! fairly go to those who work spe- Bathurst A - 14 1-2 ciallv ard Don A 4 1-: ee gitemrise. with its wealth Fraser V ‘I’ C 14 1-4 of exiper nee. established ition, Pbrd A " and wide resources, t e only Imp Oil i2 1-1 s stem known to us under which nt Pete 1'1 3-4 t e job can be done. The proplhet Price Com wh now foretells that our w ole rye m will be swept away in favour of some economic heaven - and earth as t unformed. ls not an s only misguide but dangseroils. m 1s dangerous because h pre - ings interfere with confident con- centration on the war effort. and (Canadian Press) they are menacing to the practical Stocks Close solution of the. problems of peace. Commerce . 131 ‘ "Changes mus take account oi Nova Scotia :27 realities rather than theories. when Montreal _ this war is won, the soldier will Royal .._ wish to get back to his everyday life; the farmer will still want to own his Ifaran.‘ thetsmallt owner wl. es re o rean ownership: the retailer, the whole- lialer. and the manufacturer will ——v-—- be found as anxious as ever to The January meeting of the New carry on their own branches of our ireeenterpl-ise: and the three mil- lion thrifty holders oi their coun- bonds will still look for. and try’s a‘! entitled to, their interest earn- ‘The idea of profit. which is Glasgow women's Institute was had at the home of .Adr. and Mrs. bers and one visitor present. The meeting opgnegkiirlthelusualnnlaknr, ner wiin e .es den t e cnalr. alter singing the Ode, the D,:'y'ge°“°_r§’g,e'§°'k ‘ma. m" Club Women's "Creed was repeat- t ' y? "m" ed m wwou M“ ca“ w” am naure. and ate;- the war it will d b - t - he m still motivate individuals and col-- iditl» ti»? Th“ 853x55.“ o bifstittiiiissii.'i°“'°"ii” - '. . s con an. port was heard and stood approved. u, “Men, revolution", chm e the bills for the Christmas treat be ‘system, upset the mode of life and paid. Cards of thanks for Christmas ‘ disgerse the savings, investments scxeg were read from the follow- an insurance of the peoole of this ing. Pt. Harry McCoubrey,_. Pt, nation, I think the‘ proposition ueorge Brown, W. A A. C. M“. needs only to be stated to reveal 105a Mccoumqh Alta-aim,“ m- its folly. At the same time. it. is gins giicrklesfin. also lettrer oéttngm giigrglii" “if. $813.9; “its propaganda .om' s. en arson or pan- . ~ age col action. $2.00 was voted for BENEFITS or to be sent to the Klluman Club. graziecfoard papers werf passed grit. m“: ‘Nflmunl 0 S IBDOI Wll KVCII. ' l_ _ school committee attended the ,,,§f.‘-,,,‘,‘"‘,“',;$,,‘Q‘P,‘,‘,‘yo‘§§ Qgnrfie Christmas examinations which In sole ground that h! was a socialist very satisfactory. it was dec ded that o; gemggogu; 11111011 be dispensed with dill’!!! i116, . ‘The weakness however. of those dilrstionrbtsr Wallace Dick eson who theoriae» libout-qicst-war invted the members to her home coomony" he said, "often lies ul rol- the Rbruary meeting. Mrs. their lack of practical experience Channel-g Laird and, Mrs. Earl of business and their disregard oi in was moved and seconded-that which would uproot the economc aidened b those who seek i4} lb- fluence coilrse of events. Mr. Wilson radily acknowledged that the stysetem of free entervflfl --ih fact whole economic lyi- Hougton will have (ii-mg of 511g the widespread. undeniable diffu- Drogram. The host and rhgstese en- n °f u“ him!“ g1 "l?" terinined with Share The Wealth, evil“ l" "W, "i" "hi; fag; which was greatly enjoyed by all. dladflh" waft?‘ E ea§§$‘;van_ PM" "m 5"“ ‘i’ "m" ‘"‘° ‘m’ aisle s??? essc 51130111 rassemble and swered the questions correctly. Mrs. anal‘ u em and present m m, “est” (hmpben w“ m’ "Oscar" Elli‘! c their irresistible conclusions winner. The meeting closed by sing- fhowmi m, m, mum and 5mm’ lng the National Anthem. u; m, mlrm o; gm gnaw? to -—'_- d th th t to one. ALIERRY PLAN! school. '15 incur-mg‘ rtéelegyflgc carry e u men e . The puiflg of Aiberry Plains “Thar: aretplentyof hard-headed School presented their Christmas geople in Canada who. for instance. concezt to uite a large number of ave money in the bank: there are parents an visitors. The pro- more‘ than five million deposit ac- wac, ca...» can '€f.i.“"ii..'i‘°§f..fi‘“i‘..‘iu’3° mar c a . . S w ac- - ' g i, 1 Iiaxdtllitltxsy °ll'-°nrelim°lr':mli'i3red°éii'°§li ecome ong cau. - Chrismias Wishely. three boys. i m}: ofliglwiis glgigggtg-ibngifliglyy; 52mg’ ‘MW old m‘ Nidmlu’ "w Savinée Cer ifieetes or other’ gov- py-u. ~11»- o- 1w»- o- :..'2."."'i..°‘ih".nii.. .. pgziil. Christmas Choppers. six 2f,‘,‘,‘,,'fi',_°-§,.‘,‘§§ EZ“'.§'.'Q°§,‘J°NF'#K "l- ~ alert u. their own well-be ng. will Song by Helen and Peggy Mar» tell the theorists and agitators what Donald encored. chan es are acce tableinthe mode Recitation, Kitty's Giristmal, of 1 e which, wih all the fault-i Delilah w Leon. o. may pOsseIis. has produced the" Son , Wandering 0n, two girls. savings and these bulwark-l 01:11:01" C mas Drill, nine girls. sonal and fI-mll! lwllfli - P" Alphabet Song, eleven pu s. m the with who m“ be “"- Bong by Helen and Cee Donald encored. “Recitation. A Wish. George Mae- Ill. . l Bong Goodnight Children, six pu- P115,“ "w" fislfielli“ w“$‘=°§‘“i‘i§’.§"o§i§ii§'§ osiio. A I Installs. ' g . “m” “m” " wwmlynwwniflii-QIZ “"9 old’ chlwm" 5°11 hi“ which had been brought about bi '1'» ' the we‘ would remsinflThel-e must D '1°3“*- A 91°11 Pllllll- 81x pllllll-l- and wi be developme it, particu- sonr. Helen and oeou Mal-Connie larly in. the realm of maximum enoored. employment d freedom from Song, Galvan-in nose four pupils. want. The o 1e Dglll, Cbrisbnu ltocklnge, ti: u“ WP - ' . .' , h ' Song. That Lime xiii Sister of filgwnms’ “or a, m! 5m? security measures devised by Gov~ erninents will be effective without solution of the employment with in." he said. I'll. D'a'l0Ille A Chrlsiflill IAIIOII, four Dll Chorus. The Chrilianal Welcome. Closing remarks lav-chairman hav- iiighbeeri given. Santa Claus arrived wi_ a well fliledpack and dis- tributed "many sift: Iiitnlflfll‘ the eonner ere was all tenniaeion and lie of lunches.‘ » IAMILIIS III-AUDI‘ oouliowlori or TAXI! ..*=j:..ii....=~a.=.i~.ihiiis.ss.rnc ‘ p d the coin‘: There are men mam in_ the Y" "" °°"°'{,',‘.°;‘°:a“ fiflh" $13M" m“: M“ 1"" -§§.ln'i'§'y.'“i'le'7° flied orut tgat AI ‘ . - present the taxpayer was always uuuf". rAomc eight. months 1n arrears in his pey- d this t tax lla- NIIweNIIIdNNlNIGn celzal; circum- bthlbitants d Philippine Tllllidl lllllk Gillies‘; Hit Iellilfl , “gem; g very oua ., , . den. He felt that a. cancellation amm- and dialects. .. ' .0 ta! volved would not necess ‘ I w l ii l] lliTU H dot-he for the vear ending Stpt The Royal Bank of Canada I 74th Annual Meeting Norrie W. Wilson, President and Managing Director, urges post war planning on basis o! free enterprise _- Only opulent likely to appeal to self-reliant young Sydney G. Dobeon, Vice-President and General Manager, reports allele over 81.291.000.000. — Liquid position War odds heavily to routine 1n any dlminition of revenue tothe State. It would only become neces- sary to retain the higher scale of taxation for a somewhat longer period. and at all times the Govern- ment would then be collecting its tallies from current earnings and rioy, on earnings of the preceding year. Mr. Wilson hoped that the Government would respond fa- vourably to the many representa- tions that were being made to it on this subject. GENERAL MANAGER'S ADDRESS In presenting the financial state- ment, Mr. Sydney G. Dohson, Vice- Pleeident and General Manager noted that the present high tempo of business activity duetowar was clearly reflected in the biilllCb balance sheet and that under a number oi hearings record levels had been attained, Despite steady expulsion the bank's business, profits had been reduced. due in rt to relatively low yields on the ank's heavy investments in government bonds and to increas- ed taxes. _ Because of the decrease in net income. the bank had found it necessary to reduce the dividend rate of 8% to 6%. In this connec- tion Mr. Dobson noted chat during 1o th m Iiibllthl m- " ' ‘m arllyreeult III ITOOKHOLM—IOP)—TIIG . i Swedish Statistical Bureau re ts ‘L25, the mm. rate during 1m l8 l nel- thousard highest since 1925, and . 30. the lowest comparatively since 1845. the past 12 years bank shale- holders had had their dividends reduced more drastically than those in most other lines of busi- ness and that on the basis of to- day's dividend, the return is .8,2'l% on die average cost of the shares to the public ever a period of years. ‘ otal assets are now 31.2051.- e said Mr. Dobson. "Our liq tlorl is naturally very strong. total liquid assets of $906,440,230 repre- senting 75.44% of our total lia- bility to the public." Mr. n also noted that. de- posits totalling 81.181.217.192 had ncreased by over 3225900000. Of the total $029330 40 Canada. COMMERCIAL LOANS "Commercial Loans in Canada exipanded during the year $13,365,- 555. and are now $255,148,401. 1n- cluded in this amoun are tCmpo- of 841071.83 to purchasers of Victory Bonds. As tllere was but a small total of such loans current at the end of the previous yeisl", it will be seen that ordinary commercial loans are considerably lower as compared with a year ago. Considering the tremendous e nslon in business activity throug out Canada, the situation is anomalous, but. the ex- planation is that the expansion is largely in connection with war work. This lgeither financed direct- ly by the Government. or. because of prom t settlement (or monthly or 101111 htly accounts. the manufac- turer s able to finance without any, 01' st any rate with very moderate, assistance. There has never been a Deriod 1n the histo_ of this hank —lnd I may sayas ilar situation 81101186 to the other banks-when the ratio of commercial loans to deposits has been so low. The out- look in this respect is not encour. aging. as unfortunately the ten- 1191103’ 886K118 lo be for the Govern- ment to extend its policy of directly flllgflglllfl industry engaged in wu- wo The General Man er reported that, in conformity wth m; gov- ernment's wish to conserve mim- wwer. the blink had closed 39 offices. This, he said, did not mean lessening of business for "the bank but rather s consolidation. It did, however. represent an inconveni- ence to some of the bank's cus- tomers but he felt that they would Rllipreciate that the exigencies of war necessitated such steps. MANY OF STAFF 1N UNIFORM "During the war period our staff in Canada has increased from 5,165 to 8,049. the new members being almost all young women. Our male staff is now reduced to 3B per cent of the total and it is not uncommon 20 emplo ees there are only 4 0r 5 mien. cannot speak too highly of the manner in which these new ence. have carried on their duties. often under difficult conditions. Routine work has increased as a result of war activity. ‘Ihe halid- ling of Victory Loan agaplications and the negotiation o coupons alone entail a greet deal of addi- tional work and the volume of cheques in circulation has grown considerably, Many of the youn women recently engaged are call upon to assume l , lbilitles which under normal conditions would be formed by e riencecl men. Th means that t e senior officers, in addition to looking after their own duties. must devote much to supervision and training. "We are proud of the contribu- tion made by our staff to the armed services. Since the outbreak of war we have granted leave of absence for military service to 1.876 men. Of this number, 1,192 enlisted from Canadian branches, and this is equivalent to well over half of the male staff under 4e N"! 0f I80 the outbreak of war. I am lure I ain voicln the feelinl of the shareholders w en I say that. we wish a safe return to these men who are serving their country go patrlotically. “Unhappily: there have been ca- sauitles. ‘I11 ty-four of our oung men. whose names are recor n the printed n of vierein to find that at a branch with i5 to I members of our staff, many witil- ‘ out any previous business experi- I BOYS Can Enlist Now! Here's good news loi healthy, WQH-dBVEIQpQd lad; anliiousio serve their Country but hitlieilo barred - because oi their age. According lo the following Qmflfl 0139f. iiiey may now express their pani- oiism in a practical my and release A Caleqci, soldiers for combat service overseas. (a) Boys who have attained ih¢ aqc oi i1 W,“ m, be enlisted in active drills 0| the Canadian Army loi the purpose oi undergoing training. No vbo lllell be so enliiled without having previous y obtained the written consent oi his parents or guardian. Hays site" be entitled to ieccivc boys' voles oi pay ' until attaining the age ol l7‘ years, aliei which they shall be entitled to Standard rates oi pay as soldier; NP_ ‘WY shell be sent beyond Canada to a lone oi military operations beloie hovin? leached the loll "i! established loi this piiipose oi soldicis of iii: Canadian Aimy. For furl/icy informalion roll an LOCAL RECRUITING STATION HALIFAIX-“Cogtwell Street next to Hospital. Also st Yeimouih‘ Kenlvillc, Iiuio, New Glasgow, Sydney and Charlottetown (b) (c) (d) Royal Sisters of Egypt s}; Attractive daughters of the Nile are Princesses Fcrial, 4 and Faivzl-l. 1 children of King Farouk and Queen Florida oi Egypt- ian. ._ As port of their war service A111’. training; Eloy Scout.- iii 11‘. icn ties are receiving instruction a; Junior i l“_ill'.‘l‘l. Aboic, Viiixl. ill‘ Scull learning to handle, and how i0 jump iu n ills not. is meeting, have given their lives in the service of Canada. These names are held honour, and we Ply tri- bute lo lr memory." RSNIIIITIEITING! HAl-BINGBORG. Sweden -fCP) Citisens of this Swedish west coast area lit huge bonfires on the shor s in the recent holiday season to mark their greetings to German occupied I Denmark, across the waters of Ore lilnd. His own head close-slinvcil for comfort (and sanita- tonl Private Blnjnmin if lliiitiiii Tots ii (‘lilliiilfi Jill of Fiji Is and lntlvi-‘s iilm-ivllzzv Whiliiii‘. find Pill Naiivc chuck": rLlll b= .< m Burl wk 1 k of hall“. _ The soltiii-i‘ ‘ ‘ll. 01' U s. t mils that M." nit NE~\ Pilate) i l. .11 a, . I