run wanton-crown QQARDIAN; STOCK QUOTA TYONS Stock Markets At A Glnlllifl Elwhlnso nmsecl to be taboo in colfzbst areas, but this New Zesland I iDOInt t 50.8, Oct B- on n; beak since last ‘IWONTO. Jan. 16—(OP)—The Auacosuh upward vueh in the Stock 1mm Am Oar and ‘I herniated in the 11ml union of the Beth Steel WNKWbhmidn-ommtheleadon N Y Central Bmieflerca-iaoxsiauoolntm OheseeCrhio Md “n. Emu“ western oils linlsheddtfho defy the gfl‘; Atto Lila changed in the n. . Gen Elec - -- or Jun. l6 (OP) Gt Nmom l-flibvbouyantpoperu growsSidOlINJ in last week on Kennecoct the k e Mer- Mont Wald ti‘ °‘° it“ ls m‘? “m...” ‘Pl. l- ee s, w e e sold in the flea-vim U 5 Blabber November and the mines’ total was Radio Corp 11 mo . Am Teal: Tel NEW YORK Jan. 16 - (A?) — United Aircraft mar n. gen- V um Corp Emily satisfactory wee Bait West Union Will] no! stocks and bonds con West Elec to run away from other U 8 Steel securities on the recovery s rlnt. .».._ The Assocla Press -stock 3..., was up .2 of a net ‘adv-once of M5 m‘ ~ - - 3 The rail ave film“. w, 1; lns_ dog of wnr fight along with lnm. When pholograph- was up _4 t 24:7‘ be“ s, 2d he llilll 1115i Chflbfd 3° Tibet up the side of a troop transport, some- 30 and forathe wlsek wasnrifieed . where in the South Pacific. Transfers fotall 661.940 shares ___. wer - ' "‘ compared mil 346.150 “the evvlsrés 1*" _ —‘“ —" u-rdsv since Sept. is“. or ffislh '" .rI".rn**-.:e- '°fl...fi.”"“" wit’: - e ___ a 0 ow e _ at, into Lathmm Advertising Rates Payable m Advance b331,... .......’.~.....°:”;...°“...§‘.;f "s" 5;; Minimum Charge for All! Advertisement 26 Cents §},§',‘f,_2T'§a’{fm§°§§$d§afhfieiaflQ Can ‘(Iliir lllgtmd (jeniral uuardlau locale. 5o per Ifllfli‘ Western and Eastern locau ‘l5 u" ‘MW all $174544 m Bridge u par word; Announcement! Ind homing Events 3c per M". ' Selling by locals and commission Dom Om; P; woe-M 40.0". "W1" l" Mwimiw Names 10c per Inch; Lists oi hmises featured early dealings in A l-‘loral and Sivlfllllll 05°F"!!! Cards. etc., be per- name; Lug"! 0| the pit. Latter American houses en- Dam at”; B Uondvlfll" We n" Inch: We dlnl ensa cments so words [or sun ltered the market on the buying. ma, 5e and l0 cents for every additional 3 wnr a. Notices of Thank; and m Dryden" Appflfiltldtlrlflr 79° Der inch or 4c ‘or word. Lists of Subscription; CHICAGO. Jan. I6-(AP)—Whe-B»t Ford A u: cents per lnch- Aililmu and Presentation non. Other rates oa and rye prices broke sharol Bst- T q annliefliivll- urdoy when scattered liq ation 1m Nickel r? disclosed a con icuoug absence of 1m o“ -- this ma..." "*1 my i“ e“ M» r—* '. , emu-us - 0s or- pfd mile Help Wanted female Help Wanted “"5 "lmvfled rye dropped more Motllgower a u! lVA than '3 cetm migmwhe$hnwtm M " H ANTED — LIST BO '. API‘ NTED — MAID GENER Cam's 5' one 9- e5 1'5 Nat Steel Cliff‘ wGuardinn. l-ll-tl housework. Small adult fami]; feebly ‘mm the PM‘ can N0!‘ PM \---— " '““‘_*—"_“ 1°1- PR-Yadlse Row, Si. Jenn, N_ B, —- Nmendu nxixrao - . . 9R BOY T0 ,_,5_2,_ Price Com win-k on fuirn. Eugene Cullen, _ Charlottetown, R. R. 6. 1-15-31 F r sale S}: 1L2“, P‘ “"11; - DIETITIAN r o u w d will... Edward ‘Island I-los Fglém sari; Qrvtpwrouunnaun _ In“ m“? Apply w Supeiinendent. 1- - i. - 98 u e1. Northlfivei. MONTREAL‘ Jam m _ (o?) __ B . - WANTED — EXPERIENCED AC- countaut capable complete cfflcc c n, and not adverse to iluililrlulsilizo travelling Mnrltlmes. Mk1) menu-retired gentleman with XniYAlUlFJI‘ of book-iseepu Sununri‘ emplirvinent. ADD v by letter lo National Selectivlelieri- vice Olllllf‘. __________ _____ W anted nmrn h-isllA-I- A Lluardi n. n; - uvxnnzao cannon oil. w. Wheatley. EH»: iish ult ' W W_____I__?_i__ WANTED-ONE GIRL _»,BOAR_D- or. Write B care of Guardiiirh z‘ NOTECE Water Rate Payers We wish lo remind cou- sumers rates for pre- sent quarter are now overdue. Charlottetown Water Depl. ' 0VER§ll0ES i: Juat received a supply of ." men's used two-buckle over- ' w. shoes. Sizes 6 tn l2, priced . 5: from 75c to $1.50. . c a n. i n l a ‘hESIIEltr-tn get em ui c ' Exchange Store l0! Richmond Street hi? r .1 1'01‘ i r ' (‘diet-ling rcrcllu n. u» bobby cl tvounm n. wnrker, owner nf sCflllld largest ecrumulntlon of them In shown wrltlnghln name with the largest. elk-lo"! Ileu ever 4o years old, and In insert, wrlllfll FOR. sari n. 0 .r-. smcn Barred Rack Pullers. W. ilvhcut-i Vloy, blast Royalty. 1; 2i volt sans: _ nnivruyn sLFTIElH Apply Roger Boyce. Bonshmv. l_ . EACIIER VANTED FEBRUARY 1st, for Wiicullcv River School. Supplement $150.00 per year. _, Repgli Barrett, Secretary. 1 LONDON. CP)- Forecas in} ' greater naval activity .4_=1a-wards with a need for more members of the Women's Rnyul Naval Service us partners of the men of the Royal Navy, Miss N. ,1. Currie has been appointed superintendent personnel in India, Ceylon Admiral Sir James smmervllle, cocnmniirlri-fin-efilef o! the British -- ‘II eastern fleet, cs: WJ-iYl-iAVE Q fir, some Qw- Veer?» ll. J. MlBllll OPTDMETIIIST Ilttlug and Supplying Glaesei .' m. _ octane. P I I. onm flours: l0 n, i2 n. u I to li P. ill. ‘ Holidays etc. hv appolntmeni Office Connected with DBUGSTOBI the U. b. with one of the Kill!“- 3" Produce prices S i on spot Nth-S’! for A-Lorge A _ 1-2. W of Wrenl and § ‘ East Africa. Superintendent Currie will be attached to the staff aitirrday reported by the Domini/m Deparlnnent of Agriculture follow:- Ezzgs: Graded shipments qucégo m . iuim 33-34, A-Pullets 27-28, B 30- ?.'if."'i.,ti?li" “i"“‘°n°'°i'i"§€’ m... Q... y... pr _ g pr cc - - 1 in, _ First rude solids. lob price 36-36- clesale pasteurized etu-azo amok No. 1 35‘A-35%. Cheese: Current white western Acnw and Que. 20 FDB. wholesale Jt-b- Llqemm‘, H gin: western and Que. white ‘to 7-4- ; fiotatoes: 79 lb. bag No. l Que _ » 155-135. N.B-. and PILL, 1.754.. 0 115w“; MINING PABKDALE W. l. ‘“‘ meeting of i The Parkda school on Jsmaary ‘ em: in the chair. Meeting B 11.111118 the Ode onc.‘ renew-m U16 Birolul creed in imison- Twenty-two mem- bers and two visitors wane present. Minutes of previous mee were read and met with appmv . The school committee reported a. tree given to the pupils and gifts for the teachers at hollda. closing. A deflation of fen dolnrs was received from Father co Doug e sick cumnlttee re- ported the sending of two sym- paithy cards one convalescent 3911mm, . carxtAcaadof thamkswasxend )0 from a. member of the armed forces 9n oversees for Christmas box receiv- ed. No Red Cross RePOYt this month. The treasurers showed a suostantlal balance in the regular le L”- formrig of Ra Knltrlng partle for Fcbnminy. Mrs. . Gaud . Mrs. Gary and Mrs. Cell- beck. A social hour was spent and meeting closed by singling the Nat- 1,91,“, tonal Anthem. s2 El.- L, ms wmrun sxercu v v By James MacLem varalgo v V We have lived the scene he pie- Lived tllirgascene the artist sees: Chiming sleigh bells, evening ves- w pemflelds and ermlned trees. N sharp and cekn those winter sun- Whcnsille smoke rose Laramie and Straight as tree tmlrlrka from the a?" Slender eoludllgia to the ab. "g And woke eeedthe [olden lamb- uri t ac as the snow llrbqmnngug: want: and friendly fire- si . ' Bumisncelefl kettle there Hi0"- W hmv lived the life he turer. “M” “:5: é: mwarbmulae 05f thaecsleighbella arena‘ ll,” our land of olden times. Heard their ohiflll-ng. chlminl. vviefiethe sis-nay Gilded hell In at air: to of heaven ed ease: Seintillotinl. seuimuuns. Wh the Old hi!” I086 IIOIIR. wail: the winding road n» plc- gnu; gr“ Winds through childhood dream no and ma. flfl, . L i u l we usclnan. Chlcugo vvlr He's 19 l-z-puund llrecl- CURB T710016 Ullllbtl ~ - QHONHUIMM III-IMAM AND IUAYIC PAIN! ‘ 00W I IUMIAOQ e IIIAIN llew York Stock Montreal Stock Q g 8 G “as .- >- .- LESNhQASL ‘TTTTTssTT """ rennin-assuming .. .. ea w; sets-e 2.. m, Idfd b-ICJI-I ell I {S}! I I GIIWEV-‘sbtfili I34 'f'T-: comes TORONTO Jan. 16 — (C?) — 5 w; D- . as see _- _ sssesiisitiée Evil-I 4' ' 392%!‘ f - - $5e§§$$§et¥a$$§ >- I N Dr. Millan who explained mm;- thoroughly the benefits of Group mun-ow o5 Hospitalimtloxi. A DflDer was r Hglflweu o3 form the Can Association for Hedlgy Adul Education regarding the gown; r 4pm ‘T 771-7.. guwigiagoomonsc-r 8» user-nag B w . . .- >-u.- | r-war r our‘ use: . 2 3 l-l {J - - ~12" >- f“- . SNQE$B8Eé=SZrBE$SSSS 2 lar attends f VICE-PRESIDENT ‘I Hon. Senator Antoine J. lager, M.A., LL.D., K.C. ' Honourable Senator Antoine J. Leger, M.A., LL.D., K.C., barrister, Moncton, N.B.. member Executive Committee Soclete Nationale dc » PAsSomption and Soeicte Mutueilu do i’Assomption. appointed Vice- President of the Board of Cem- mfssicners-Censors of The Pro- vlncial Bank of Canada. DIRECTOR | M Cecil L. Carsley Cecil L. Carsley, President, gm. ada. Vinegars Limited, Toronto, and The Lion Vlnega; 00., Limit. ed. Montreal, elected to the Born-r; of Directors of The Provincial Bank cf Canada. COMMISSIONER-CENSOR Clement Tremblay Clement Trembiay of AyezsLim- ited. Lachutc. Que. and President, Melbourne Merchandising Limited, elected to the Board cf Commis- sioners-Censors of The Provincial Bank of Canada. IN MEMORIAM MR5. JOHN D. BRUCE The funeral of the late Mrs. John D. Bruce was held on Sunday Dec. 26th, 1943. at her home in Valleyfield. Mrs. Bruce had been in falling strength for some years her sight also gradually leaving her until she became almost com- pletely blind, but only for the last couple of weeks was she confined to her bed. During these years of seml-invalldism, and in her ill- ness, her needs were devotodly ministered to by her son and daughter W. A. and Mrs. Bruce. Mrs. Bruce was formerly Annie MacLeod. and was born at Valley- fleld East. May 15th, 1958. daugh- ter of Alexander and Katherine Macbecd. who were both immi- grants from the Isle of Skye. She was predeceased by two sisters. Mary of Vnlleyfield and Sarah. Mrs. Roderick MacLeod of Kil- muir and later of California. Four brothers also predeceased her. Malcolm of Vnllsyfleld, Angus, M LA, of Montague, and John. of California. In 1994 she was married to John D. Bruce of Valleyfield West who died in November 1935. Out of s. family of eight, three sons, Munro, Alex John, and John 4° S. predeceased her. Surviving arc W. A. at home, Daniel who ls o9 married in Mansefield, Ohio; also three daughters, Annie, Mrs. John “s P. MacLeod of Montreal, Kather- ine, Mrs. John D_ MacLcod of Klnross and Esther, Mrs. Chas. Maclneod of Plctou. She nlsn lrnves. 13 grandchildren and 7 grunt grandchildren. Bhe was a faithful member of the Valleyfleld Church and a regu- ‘ as long ns strength ermltted, a good neighbor and a, hd friend. The funeral was‘ largely attended and was conduct- ed by Milton IFraser with inter- ment at the Valleyfield ‘ >- Pallbearers were Messrs. Herbert Macljenzie. VAlexander Mnrtln. Norman Nicholson‘, Angus Martin. Munro Bruce and Malcolm Ross- I-lymns sung at the service xvrrc 'I'lue Lord's My Shepherd. Abide and Bye. JAN- 8 1940 --Speclnl Finnish communique reports destruction of Russian division second to be g3‘ 32.5; routed in 10 days. Italy and Hun- 135 gary reported to have agreed on some trained employees has rc- u-moo. defensive “alliance. suited in a heavier load than lllllOl f PAGE 111C THE PROVINCIAL BANK 0F ‘CANADA 43rd. ANNUA SHA REHOLDERS I GENERAL MEETING OF THE Analysis of the Statement, by the General Manager, Mr. J. U. Boyer President's The 43rd annual meeting of the Shareholder. of The Provincial .Bank of Canada was held at. the lfiead-Office in Montreal on Thurs- iday, January 13th, 1944. ‘The Pre- ,sldent, Mr. Che. A. my, was in the |chair. The notice calling the meet- Iing was read. The minutes of the last annual general meeting were approved. The Report, of the Board of Directors was read-and the financial statement for the year ending November 30th, was Jeseuted. v Analysis of Statement and Profit t Lona Account by the General Manager The statement; of the Bank for the year ended 30th November. 1943, which are before you, show a year of satisfactory progress and an ap recimble rise in the assets. Tote assets at $92,399,690. are approximately $20,000,000 higher than at the same date last year. As will be seen from the figures, the Bank's usual strong liquid position has been maintained. Cash items and other readily realizable asset; amount to $74,754-916 and represent the high ratio of 85% compared with 79% last year. Cosh items, which include notes and cheques on other banks, notes and deposits with the Bank of Canada and deposits with for- eign uuuBBPOIIdGDtS, totalled $13.- 917,18»4. and are approximately $3,500,000 higher than last year. Investments have increased sub- stantially. Short term Dominion and Provincial Government secur- itles of $24,306,231, are $7,415,348 higher than the previous year. Other Dominion and Provincial Government securities of longer maturity amounted to $22,774,120. and show c. gain oI 92% during the year The corresponding figure in 1942 was $11,872,592. Invest- ments in Canadian municipal and other bonds, debentures and shares. which at the 30th November, 1942 were $11,275,054, have declined to $9,533,443, o; a reduction of $1.~ 741.610. There was greater sctlvlt in do- marid loans against eecurit es dur- ing the letter part of the fiscal year. Call and “hurt tenn loans against marketable securities in- creased by the sum of $1,161,864, and at the 30th November 1943, stood at 04,137,569. Because of the easier financial position in which most industries and commercial undertakings now find themselves, the demand for current loans has not expanded. Total current loans, which nt the end 0f the fiscal year amounted to $13,779,274, show a. decline of about $300,000. As wartime controls of business and credits are eased or lifted and industry switches» from war reduction to a peace time basin of requirements. the demand for current loans will doubtless b0 greater. Since your Bank enjoys a strong liquid position. it will, as in the past, be ready and will- lng to assist its custome in che loaning of funds in all cases where the possibility of successful oper- ations is well established and the repayment assured. Deposits show an outstanding: of $85,698,324 as compared with $65,420,590 last year. Non interest bearing deposits rose from $16,- 820,418 at the 30th November 1942. to $20,781,699 on 30th November 1943. The increase in non inter- est hearing deposit; has arisen largely out of idle capital in the hands of the Bank's customers, brought about, by a reduced vo- lume of credits and lower inven- tories. Interest bearing deposits showed an exceptional gain during the year. rising from $44,186,457 in 1942 to $55,316,870 at the 30th No- vember last. or a net growth of $11,130,412, Manyvmorc people now carry savings accounts and the public in general appear to be more thrifty. The credit balances presently maintained are higher than in 1941 and I942. Deposits of the Dominion and the Provin- cial Governments have reached a total of $9,542,072 as against $4.- 390,07B last year. The notes of the Bank in cir- culatfon. at 01,348,900 reflect a contraction of 8424.770. This re- duction complies with the provis- ions of the Bank Act which re- quire that notes of the Chartered Banks he replaced, gradually. by note; of the Bank of Canada. Notwithstanding the lower yield on investments, the profit of $455.- 760 for the yea,- is but slightly less than the showing for the preced- ing one. After providing for Dc- minion Government taxes of 0119.001. using $70,000 as a writer off against Real Estate. and pro- viding for the payment of $200.- 000 in dividends to the Sharehold- ers, the balance carried forward on Profit and loss Account is $231,845. as compared with 6211.- 770 last year. The income and excess profit taxes paid by the banks and by businesses generally have become exceedingly onerous. as they re- present s large part of the net earnings. These taxes, however, are not the only imports which have to be borne. Many others. not so apparent, but, none the less levied, constitute a substantial az- gregnte and add appreciably tn operating coetn, - During the course of the year, the branch located nt. 3B7 Main Street, Saint John. N.B.. was clos- ed. and the business transferred to the Charlotte Street branch. in the same city. The Rogersvllle, N.B. branch was converted into an agency and the Brebcuf and Pointe au Chene agencies in the Province of Quebec were closed. All “ “ were , dur~ Ins the course of the year. The services of the Bank to the Government in the matter of sub- scriptions to Victory Lonu Bondu and the delivery of the bonds to the public, the safekeeping of the .n.,§§..with..m,..nnd lruma...sivcr.t. Bye ksccurige, the handling of mum» no coupons. as well n; a multitude nl other services. have added consid- erably to the duties of the Hank's staff. These additional duties. 601111166 with a larger vnlume of daily transactions and the loss of of the liabilities to the public, as Ion the shoulders of the experi- enced staff, who have had to carry on with the aid of untrained hell‘. The ratio of female employee: and the total number oi the staff. as a whole exceeds the quota of the pre-war period. It. is a pleasant duty to extend my sincere thanks to the officers and members of the staff for their loyal efforts throughout the past V931‘. which has not been an easy one. I would also like to express my appreciation to the Board of Directors of the Bank, who have B? kindly given me their no-onera- ton. ‘run rrtasmcumvs apbucss Mr, Chs. A. Roy My first words will be to recall to your mmory our late c01- league, the Honourable Senator Louis Cote, Barrister. who died in the month of February 194.3. Mr. Cote was a mun of great sym- pathies, endowed with fine Judg- ment, 1n the business of the Bank. I wish to pay tribute to his mem- ory for the many services which he rendered. The General Manager has given you a review of the figures in the Balance Sheet and in the Operat- ing Statement. He has also ex- plained some of the principal items. Your Directors "the showing reflected by these statements as satisfactory, and I hope it will also appeal to you in the same wny. increased appreciably during the year. The new resources were used to add to our holdings of gov- ernment bonds and other quickly realizable assets. The revenue derived from mis- cellaneous services and from in- vestment; is higher than that of the preceding year. The factor ivhich contributed most; to the investments. The additional op- erating costs. however, have ab- sorbed the greatest part of the in- creased revenue, No modification having been made in the exceptionally high tax on profits, which was imposed in the year 1942, the dividend paid to the Shareholders has remained at the rate of 5%. The figures 1n the Balance Sheet submitted to you._sgain show s substantial increase in deposits. Despite the withdrawals to cover subscriptions to the Victory Loans, the public continue i0 maintain appreciable cash reserves and are thus in a better position to aus- tein the Wflg- effort and to con- tend with post-war circumstances. after the close of the war, there may be a withdrawal of part of the increased deposits, ford the purpose of trade expens on an the cost of changing over plants to meet peace tune demand. as well as for the, development of the many other activities, which hnve had to be abandoned or held up be- cause of the war, we propose main- taining a strong liquidgposltion. Federal Government issues kept first place in the bond market increase and are now at a figure; ed nctlve. during the past year. Although the two war loan issues. offered to the public in the year 1943, were for higher amounts than those on the market in previous years, sub- scriptions to both issues exceeded their objectives by substantial mar- gins. The prices of Govennent and Municipal bonds have been firm. with n tendency to strength. There was no change in the cheap money policy. Although the re- muneration for services in all oth- er spheres of activity has increas- ed most considerably since the outbreak of war. the rnte of in- terest remain; very low. The expansion that took place in industry and commerce. lo- gether with a greater-circulation of currency. during the year 1m, has added to the resources of cor- tatn classes of society, but. eon- versely, has made more difficult the problems “of those who have capital or those who are burden- ed with administrative respon- sibilitles. The volume of war production attained a new peak during the past year. The importance of the development was recently referred to by the Honourable the Minis- trr nf Trade and Commerce, an representing a dollar volume n! some $55.000.000'pci- week. Indus- trie: engaged. partly on the pro- duction of war goods and partly on civilian requirements. nlso op- crated at high capacity. The work- ing class. favoured by conditions. could always find employment at. still higher wages. Revenues from agriculture and live stock exceed- ed that of many years past. Retail trade in general remain- Owlng to rationing. many establishments found it nd- visable ln cease doing business. cue lo their inability to obtain p sufficient volume of merchandise. The numerous and complex regulations of the Wartime Price-v and Trade Board and the rigor- ous application of certain of the other war measures. principally those concerning the control of manpower, have proved a source of embarrnsment to industries and commercial establishments operat- ing exclusively for civilian re- qulremcuts. The lack of raw ma- terial in cerlnln enses und, in oth- ers. the shortage of mnnnlnvor. or the impossibility of getting the proper type of experienced help to replace those who enlisted in the Fbrces. or were drafted into the war industries or Government services. have, in many quarters. given rise lo n feeling of anxiety as to the future. nrr- of foxes on a high scale for n period of several years. gives rise to the thought that such taxes will be permanent. The pre- sc-tit abnormally high tax on uro- flts has mndr- it lrupcsslblo (or those companies and ollirrg- in business. who at the outbreak of vsnr had burdensome liabilities, fronurcduclng their debts. Their credit is thus weakened. because the possibility of borrowing. or of obtaining a delay. is based upon the possibility of repayment. Spr- ciul consideration should be given in those cases where debts are continued to rise dwuflg Lin: yeah, and was keenly interested consider The total assets of the Bank higher revenue. is the increased to Foreseelng the possibility that. Address, Mr. Ohs. A. Roy hlllh and the working adequate. own“ 1-" For some time. various group. gSVUW-UIIE different policies, have > vii contending for Federal beg- lslal-IVE DOWN. A; the outcome u‘ F!“ 155110 may have a far real-n. mg effect on the economic life of We wvnrry. m; question in m; Ilxllnds of many is whether the rm. ‘((11111 15 twins to remnln on a 0cm. 1'9 l’ planned} and directed ecu. Umy, or if it will again forge ahead an athsystem, if not completely ee- B" at least. eniovms sur. flclent liberty so that capital an‘; private initiative may continue to contribute to the progress and d“ Villflllment of the country. A 8Tcat deal of conslde tin] has. clurlnl; recent months been 3.1"" V1 lhe question of post-war 001101110115. and plans are being eldbilffltcd on the assumption that Private enterprise will continue Larry on its usual activities. A“ measures 7/0 prevent lllllllllplflyn ment, a5 well as those aiming an °°°I1°m1° dvveiomnent. should have l? lhflr objective the emplqymen ° l5 ml!!!’ workers as possible their usual tasks, whether in m, {lll-‘ilfily. commerce. agriculture n; n- e technical professions. 0e1- lab°rau°n W 3111s end on the psi-Q of the economic forces in privfly, industry, will obviate the are“ of possibilities of work uneq- Govcrnment sponsored p The Dosslbilities or we, gevFbped PY moans of nubl mks will nave the inevitable con; Sequence of an increase 1n g lvlfittllabflS debwnow very 1.1g}, the Staarle egttglllsilfnexox wmml ‘ negate liberty. pen“ o! ntll such tlm - Sivfed- the duty Qof-gveprevilahrfcahes has bee" ""08 the outbreak hostilities. is to be industrious an thrifty and, to devote all i- sources to the task of winning t gvfr with a, minimum amount frflbticn to the economic s n. ‘The subscriptions h; u... 1 Vfiory Loans. which greatly Passed their Objectives, lndfca Basin in an unmistakable way t will of the people to pursue th war effort notwithstanding sacrifices which have to be made, On motion of Mr. Chs. A. Re Sewnded by Mr. J n. Laforce t Directors’ Report and ggamm submitted were adopted ungn (filgly- The annual report n; ard of Commissioners-Cans w“ Prewnl-ed by the Presfden of the said board, Hon, E. L. Pa aude. PC, K.C.. and was adnp The _ following Direwm; w elected. Meesm. L. J. Codere. oer; L~ CBTSIBY. 0- G. deTonnnnco Hon. It. O. Ci-rothe. M.L.c,, Am- Lambert. Alfred Marcie, Jean land, Chs. A. Raw. George Savoy. Tl" 501101011! were elected me here of the Board of Commlssio age-Connors: Messrs. Narclsse 1) vii-mien. n. Le 1n or LL-L-r 3-30. Hon “Sgenatorafiimbifl J- Leger. KC. Mr. Victor Morl N.P. Hon. E. L, Patenaudc, P. . w Clement ‘Premblay. M H Special meeting of Board of Directors held imme atelv after the General Meeting Shareholders, Mr. Chs. A. Roy w re-elected President and Messr Jean Rolland and Geo A. S21v1)? were re-elected Vice-Presidents.’ ' At s. meeting of the Board Commissioners-Cements held s vltenwuslv. Hon. s. 1.. Patelwudg P -, K11, was re-electecl Pres de t and l-Ion. Senator- Antoine Le er. KC. Vice-President i301: SALE Bed Highboy » Immediate Sale-CASH. " r1. LT. DIXON 80 Brighton Rd. Phone 1445 F012 SALE Large Dining ‘fable Buffet 2 Lounge Chairs 4 Kitchen Chairs RlIK-Cal“Det 9' x 7‘. Avnly :- m rumor: smear, After '1_ r. M, Mortgage Sale There will be 501;] 3|, noun tlcn at the Law CourLs gullili ii Charlottetown on Tuesday themilra ‘fill’ of February A.D. I944, M, the hour of twelve o'clock noon ALL THAT parcel of land situate lyln Ind being on Lot or Townshi Number Twenty-seven in Prim County in Prince Edward Island bounded and described u 101mm Bounded on the North hy the Kin kora Road, on the South by Inn in the possession n! Owe-n (i. Mr.- (ilfvlllv, on the Earl. by mm Irv the possession of Michael J. Mc- Ivor. and on the West by land in the occupation of Fred McCarvlllc containing Eighty-three urrrs o lon'd more or lees. The above sale is under and b) virtue of a power of sale container! in an lndcniure of mortgage bear- ing) date the 3rd daynuf Novcmhcl A . 1931 and made tween Urban Farmer of Kinkora In Prince County in Prince Edward Island, and Mary Farmer his wife. of lhe 1st purl nnrl Catherine Farmer of flinkoril aforesaid, Willow of the 2nd part,‘ default having been made In pav- ment of ihc interest due on shill mortgage. - For urthcr iarilcularn nplvly Johnston A». ohnstcn. So lritfl Charlottetown. _ Dated this 31st day of January AD. 19H. . CATHERINE I-‘ARMI-ZII. Monrcacen. l-l-le-iv-al-l