DECEMBER l4, i927 
     
    
   
   
    
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     THE Cliifikflfifiliw“ GKAQEPEF‘! . 
     
    
   
   
    
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     and that unless railways are permit- ulllllllull lmelll. on llll, .- . -. ‘iii tiic countivs industrial "twaken- l..-|l> l||\\:ll‘>l.\ iii.» i’ -- l 
     
     - » ‘ llhas found an outlet in pubht loans . . i - ‘ .‘ . . . 
     
     lid l0 l - _ . l‘ . - I puvnqpa _ _ _ . v ~- .< _- ~ » < ~_» "P l i . l|lil| I m l . 
     
     l mp0“ 931N339 9031035 00¢‘ changes lllLlPHl and lhtylllUle llll- t0 dOl]ll‘>.i\' tutti iuieigii industries mg- lt° 001".‘ l‘ m9“- a“ l‘ al“a"slllll/:tlllli i .-..l....i....|il» iiilti .ii,t.il..    
     
    
   
   
    
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     [l"a‘°t°'"alf“al" °m°l°0°Y0I0D0Ta1poitzuit iacturs in the trade and and govcinnicntiil bodies. A persist- 005 0°90 w Plmflde 9""? possibleflillll iv lli-llflw" i-r t-lIh-lmi \' » 
     
     000 00010 Bleldflfeitsltnflble TQCOIII-lccoiionuc situation bearing on our em. upward trend oi sectiritv inark- 0555mm‘? l‘) “gm'“l'~“"’* Iuh-rlt I "  . "l"'lt II|<~ |'|'"-*I"' - 
     
     _ Iron-fit‘ to their Proprietors. commerccll-elllis business, elslu m.“- lmllls has l-ellegled ll, I may add that the present yearllil . k 
     
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     ll be impeded in movement, to (llBl some elllelll me gradual “slug o; has witnessed the 50th anniversar l l . v - Uh‘-  _v . .-      
     
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     122m Two. u _ _,   
     
    
   
   
    
     Firspthen. in ttvo fundamental ffi-lfllQeyekl l-glteg and the growing pres- Jl I0!‘ (‘Slimlfilllllem BI Wi00lP08 Olll ' . l _ l l _ 
     
     _ _ __ v v _ lspccts. earning power and liquid on; cl guypllls fund; segkjng prom. tvcitr hnnlts filst branch west oi thelilv _ l ~‘ l“ ~f‘_l‘l'll‘,l{l_vll_ll_ 
     
          Business in the L-nited States. lsll-gngth of resources, our position able llll~esllllelll_ The ca“ loan tale great Lakes. the confidence tthlclit. il- lllv l null. “lllqfluu ll“, . ._ ‘lax X5” ll.l.lll,lll_iil\ly llm _ 
     
     _ i H ' _ _ v _ _ l _ ‘ccntintics highly satisfactory. Never! (m; ml. veal averaged 41g per celllv .he batik show-ed in the potentlalitlesliil.l.i..\~.. ..i iiii- .lt'lln|| III ti..- iitt- - -" ‘ junfllll,‘ . tt-ii-ible cold fl e gm 
     
     {E0 -!.*::>.=* 411:?‘-  ~€Z“ .=-;v-_ The present prosperityof the Unit-lhave we been better prepared to care! ' .17 per cciit in i526. Bl I09 PFfllYW-i at I001 0M1) K1810 llt\*t-\t'l'l»t"" '. I w" l< .- - ‘rough gem"! 
     
      er  fit Séalcs $981515 ltilasedl or}: a SOUHCllfOF all the normal needs of the pub-‘ j i - . ptll" important bllflnegg Seen moi-c than jlus 'fied._ arlld cvi-l“ IILlTll-tllIlII-i: “I A . ~. l. i lIII-iin“ Ill ~HI3II.\’_IIIL'II;I lgedsuoiv. Every. 
     
     _ tun a 1011.3“ n iougit emarkcdIIi and to meet - b g . -. . .. .-  ~ - Z cnce of cur cont nuin Iait is ‘0"_‘ '_ i ' . _ ' . ti; t 01' I 1' I not e 
     
     ' upward trend of busi ess prevailingififirtiicial o-igeiirv. m“ “Hm-sh or”? 1'1"‘???ifflhiziltifilleéilfifiiéiigwtlllg<be [W00 l" m" llresenlgchal" °l lhlllftlp-lli‘ |:l|‘l~luI'l“l||ilt t l“ 03"" h" “n! WHQY- 8 em m 
     
     01' last two roars as eased‘ oh.‘ ‘ ' m~ -1 it; l"1ilii_s whtch destrovedalbthhvhes throughout the IhroEItti-t iiik. i.ii' " - wt tlii-ii unit m the drug at 
     
     there are definite indications that thg- At the close of our bank year. total. “fol ll“. Clopglll val-lollglPrairie Provinces. t-.i ii_t- ii... ti"... u»  llltkoll llll. clerk if h? knew 0?’: m‘ 
     
     ..,»_ _~. i. . I - _- ~,~ » < v _- _- _.v_t~ a -_ '_ _ o. 
     
     M“ not.“ Amml“ (l 0 ‘ml “"30 ‘hwlwj s5"“r‘u"l"‘c\\li‘ll “nu how's U“ Itliébuubb SdubU-‘uory (Onqnilqnslalsisgts Mood apsslslfioogou. fan-d '0“'Jj5u'ic1‘- b“’“le*5 hi“ “wed a mm“ Summ-“Ig up? n ma) be bald tmnll-i-iiiilllilli "til" “(‘;|.|4'l>|\ I . t . Iliiiti! Ktmil lie could Rive me He fme 
     
     _  vvl __ _ _  _ _ _ .it nnu obtain uill be iuaiiuaiiied I 1b 01000111 $48 000.0 0 was lli. “ll .. l. “(l uwtdo -.- llllllllll-ollgll. the business situation in Canada ' - - ~ , ' old 
     
     o. t..t ~ I tilOldLls ul tht Bo l t llt‘l platt .l.\l)Illl-l])i1l gram Dw- iiiic‘. that itii-"hei- XIVTIC-"Qtp grlnyfll litiuid torus-cash call loans sectirfl ’ ,"l‘all"lll,ill“ " - was never more hopeful though I rm" ll l ~ ll m“ “mm 
     
      i- ... . ,. ,.... - ,, ‘ ~~ .- ".‘ 2"‘ l t‘ “.' ’ _ ~ . ' ‘t 't~~\ ~~<>' 
     
     ‘tlflllliihll lulu iii .li. Bond LUKE‘! c! tiit 'l)‘.‘t)\l!l(i‘.\. Without 3.3- lllnl- ht- Qxpmjlfd. It Ls‘ not a l)l'05pel~- itles. or other items readily realiz- out K ‘I’ should like to add that no good cant.» _ i... _m' i_ ‘-~| .‘i\..",.‘.‘.pit‘it|. ‘.t l Dr‘ Wood's 
     
     H": H00 (Wifllr- 1'- Iliill‘ 0t‘ >010 J1 ‘It o< butintcotts as that witnessed 3003- T0959 $00k 055900 901ml 03773 CCll".\‘.L‘l'\‘li1l failures tit Canada for come of discounting the future toofurv-tt -- t-I r ctr-t I-ttl I M“ ~"'"II" I < 
     
     t~ " t) i iirine: tlv 3G1 vcax t‘) ' t1 '  i er cent. of our tot l liablit‘ .- t - -. t l“ ~ gyj ~ ' ‘. - _ » _» v ~I t- s. -\~' = lI"\'l =\~ >0" ‘P 
     
        S.   .      h3g3; lgugrltgtl; gctngiglgl“... ,,.....i.. 8.... u.....i;,,.c,.;,,;*;,..'f.;§;§;;eu... jilfifi. i.9;’...‘“.‘.§‘,..‘}§;‘;‘;. §gt..igl§h<*‘.3;";i. §';;;g,§;,=ia;§"§;;$;g  ‘ ..._...::.v   '..'..   Norway 
     
     ' 3 Ev sip Vin-tin: Alert-duh A . . _ 50ml. Clllllv ' desprcittl prosperity. It ls a signi~ Bl P051000 03 ‘V0300 F001‘ 300K l5 with ‘ £85 1rtiliii~ ~ with liabilities oi Lllld a svniptoln of the some over-ill, ' ‘l1;f""l' '" m" """',‘ "' Us, . Pl". 
     
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     ‘o take tht- . __ _ '_ .5500“. lllelllgov null  rite llOllgl that profile oil lgrg? maintained. ‘8131471000 ll‘i i9" . tCllfilClfllfiE that got its into trouhlsvti 
     
     _ -, v_ -..~iti ss t nccrns are or t .t . . in t i0 ast. - 
     
      $3‘ part on a tnorc tnoderate scalltc lltgfilqll l our "Omnlelglabl m?“ ‘ID aCotzliaada) galll; .;.~_-,-,lllg>, which are \lS\l-flll\'~ The Fppectilaticn n'o\v st) itittch in I‘ . _ . - syrup 
     
     »~ ‘ _ . . -s.-- l._  - J '1  _ I _ _ -‘. _. > .- _ ' , v v. ._ _.__. ll l ~- _ v _ _ 
     
     .1 i.t“l n, Ivli‘. l-l. l; . ' ' . - . titiuut‘ toraiik mo“, (“"105 ed m 1926' "ilizitntimlsttgiied atyfigglhk 000 Maoist’ liltiiiflllahtg “Wlgltltwllitlrog Daeli" gelrilmilotltlitildiltlgg. etlio ' “mdh Mtml flclctqltidfigl i’ "m! I m" ' v - I’ 1' _ H‘ 1 “Qmlm m "y m 
     
       . . - _ . v_  ~ . -. - ~ t» I’ - . ~ as r" .<a "e' ‘e ci  ,. - -  
     
     ~~~"_'~l“ll v - m _ l v‘ . 1 . . ‘JHlI cxportvh: lhe banking SHLRIUOILI! is itgrecd. 0- 0'01‘ 1-0205! Imlu-SITIBI fllfimmfifs. the whtlt . Canada than area:- ago. ll - lenllellcl-l lsllléclllllllloll llkg "" H‘ ' "I ' ' l I - “Avml ~71" 00ml? “'08 "Pttrly tisoil 
     
     . ~ i>t> tipliiiiiiti-ti .0 ‘h. _ _ ._ - i  tttlnll; ngllclllllllal _wlllllllolls all. (Iitllit! to their strong liquid position. 3am; deb - that l5 the total of fglgl-v l5 not 5515935., but a svniptnii» . ‘ l i utitircil that tlw fltthflltwflt sow‘, mill 
     
     . and that 3-111 C ll _ "erhntl .hc farmer has niuchiin- 11980 X055 00110103 09¢°lm0°00ll0l1 items;clirii'zcd t0 customers‘ accounts llllll lllle “mm. ll level. wlll global)“. l by the time the second bottle was usctl 
     
     l‘. be lllt‘.~t‘\l't’l.lll) U1 1hr uieet- lii this vttilllltxxlOll. it ma} 0t‘  ‘ .t>:. Bus position: labor is as well h?!“ ‘l5 ma," heremmfei 8150. C_61";are an t".'t'!l better" indicator. and clue llsellq lgxpellencl, Sllggesls ml, th l ‘t III-Ill':;I'\\‘Il|-}II" ‘ _ '“'l'l'l‘_l the i-old had gone. Now I will never 
     
     This lllll lt_.l-l-~_l\ll »_-_ll_»_l~,,._llii<.._t~.- .l!i\!']\l((| -i:~.t: thc lot o1 Lanathau Lll' IJQIIP!‘ off than it has been at ally taiii loans of a special nature whtchthegp lit. ll pt=i~ cetiL-in excess oi 192G imvrdcn‘ or guarding imam“ Dosgiblevl“ l‘ l“: ‘lzllllllylullhnl ‘L. ‘I i v v I l he ‘without i‘ in (he bought» 
     
     lltls lJUvll iiiul~h tmprovcdin time tn the country's historv. and 00092000 “D00 0“? 00005 1051 3'00!‘ q-thpt-ltc allele-ls '0. f-Q l; Hon‘ I .....i.| ...iii t-i lll.iii\ ‘ ‘  pl-ll-a 35l- ll llllllll. llll. f ~ - 
     
     ~».- l. l)?‘ x  '0 “ I iiuieuiheiteri b '  ‘t ‘ -' ' ~ ‘ f‘ ‘- - ‘ ‘e 9"" ' t " I b“ amllftflllfl 
     
     .oti. A I ines. at titi . lllfllluh it hus de- l 0 I0 900 0010- 0810s An l,\li.iii~i\c iezii in BUSIIICSA. lawn,‘ mlll ll ml, ovm__ll.esclllllqll_ l . l, . . v l.” _ l l l Tl l . 
     
     t ed from its" peak level. has rc- Ifliluctd by advances more widely m. Ol a “we q“, k . l, ' I ‘ ll.- . l l, .. '_‘!-i P"_ “P00! 1y w ‘l. Milliiiiu 
     
     "t‘llt‘(l in an orderly manner. ‘ 0T3“ mdlcmmn 05 ttreater Canafii has attracted znorc thutiig Neverllllelegg‘  lol. ll“, ~I ti" l 2°’ Llmned’ lurumu’ o“ 
     
     . .. .i'>'a_-t'“tv’ t o - ~ -~ - -~ TM. i“ ‘ "--‘ ‘ 
     
     t-Qwlllts’ t” I 01 01001‘ CQIHIIIQIINI“. _C(.‘l‘l‘.1lll elements in the present ti  sTliEPlOAllllln62513152538522‘; 3311;! lzilliilsdlllflllkfifégivlxl“. tiifieiilliwtlllfilfl. Fmflnm '0‘? Pmvldllmv!“ “"0 F" 10901‘- _ - l I_ v‘ ' " l.__.__.__. ...___. -._____ __ 
     
     has Iurttr-llv ClOHWl tht c1111 of 011310 ~“_llllfl\l0l\ arc rather less favorable of all Canadian banks at the end o! celcbriiuon of ..t= Diamond Jubilee ail-km “o me mmgllom‘. m" " ‘ » Jlltlillhnlf uliin-U I 
     
     L}('l\\'(‘@ll '.\"l1ZI‘t thc farmer‘ MISS 80H ‘E0110 lllPlllfilllllt 06- i0 that HIIIIIIHII 5010001001? ‘m’ laws! filurefi BVJIl-kvf Content iitiuii and the ohciiint: oi lam}?  Clzgnqvlllllllllllfljxfllllxl? .. ’ ' ‘I'Iti"|-~I.II|I lltlrllllill lIIl'iII|\ Pllttllttll i-i‘ lllll l't'~i'Ill‘l|l\'t\ ll 
     
     v l, l ,__ l l, ll. ,. . , . _ . _. v v- t A _. t -. . »_ . ._- '- . _ - < * i 
     
     it lit std.» and so ha. lflOClPlflUtt altit» 10-‘ 110i IYIEQWTM “I! ’I 601R flgtlmgflled 51-0-351300000- tin iiitcitititioital hiidpe Dtfihfilflllfiualned cl by the Fathom (ll Com “Ilhlt hi“ l- II l-Ihtaiii l. t n! llilu Ptllllllr), .....i ... 
     
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     wzejtidice of producers. 
     
     1hr» ~\- “ital-thy, 99 Yule st. nut. 
     
    
   
   
    
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     The Prtwidenfs hltlrcss l H 
     
     1.51m. g; gibillltlillll Smallest‘ 
     
    
   
   
    
     m“ ““°l’l"‘§‘1“l:;§ zctcti i‘ hill" 311100 UllvIlJlllCd 
     
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     ‘tlYllY. gill?‘ llll H.‘ Kill‘ Lit‘!!- 
     
    
   
   
    
     >‘ "I ‘m lmonm‘ “Hmm ll l. all. llll l. Dlcl-qllpll llll-ll-llllllill t-itilic-i" cvpectatiotrs btit there In F01 Er" l) > minciior " 
     
     m ‘he MM ‘he Bum: diltt-tiiilttiti 1 > . A " ‘ ' hit-n in recent \t'eek's‘ evidence of  O01‘ deposits totiil 5709100000. 810B ' i d" diCpZnLt-g bottle: ‘Migration’ . Not in m“: 5mm m ' 7 "'1 Twill-II "I ‘ i .. . . 
     
     the tit-nth m \ ~ llllllllfoll hlllllmon‘ All ample lvllpvlh lull-Pate of 553900300 lronl ll“, Co“. v M my lvfllm nolghblvl__ looastftiliit-ss. out merely in calm ap- Illtilll .\_- _F  .lv“"‘-'.'-l' ‘.-_ ‘ll jlhvhl“ v _ |l4' lllullllll “at l'.‘ll'_l‘ltltl \\'lIl| 
     
     Jlllllll l.lll_ v l v _ Cl mwglllltlll fumlg due l“ m“ ll ypgpglldllll; llllle lasl Yams “llllle {W (film: m‘? (vmpvldoll Lrtttral oi cittl- (‘Oflllipy and its rti. .ii_-_-_. it it  f‘ _ . ‘iswlinld (cw-l |1l.i|tsi~_ ‘lll. li..l._|_. itivitii will. . 
     
     l-tirt-igu (itpitiil llultl l0 l, slacllclllllg ln lllfllllcivl much of this representsdeposzits oral . I ‘I Illllyl “lnnglvc “Al. llfifitttcttsl] 111111)’ we not t~1aim_ that we ‘Iv llfllllrlvQfffllll ; " " ‘ ’ ll . ‘l “"3? m l‘ """""“"" “““=\I“\'I'“\- 
     
     nrtiriti". coupled with a decline in cciiiinercial and special nature. a ' - . llttrltl- t~ that thlfgqttnttl- m“ a ‘l9 “Ilrlblllto “lllvh go to . . i I ‘  ' - .iui iii-i-litl- iii-ihtticii In \‘ti\|. ll 
     
     C_~\!11I1I'-0001010“I000" lv1'00l.\' I0- coininnditv prices. has resulted iii a #0001." W100" 0f E00 100110150 1105* - lziiowti. and oitkr intuit" thott- la nngh“ PHQOM we F“? I- I  II" '"\' I"'\\'~'r Io I'Xl>r.-~'.-= my Ira 
     
     ~ , Cit ‘a trtiitrNt-tv ‘torkuvherc. 1' mai-izctl rise in the prjcgg Qt lvilogllt occurrctl in otir Savings Department. (l... ... ‘lgi‘(\“ng “Hm have oarrltd hfismrl dllrtllll‘ dhllllflY it°I>II10I1011W "m. WM". ‘ l] ‘ "Imlilltflll “I ""11" ‘ ~' 
     
     lltlllllt-ws Ul 1i ' aiIJOIYOOfiOO oi Caiiact- and bond». Atv the same time the *1l°.“,“‘l4 mt“ ““l"~*l.’"-‘“d PT°~“P°T1,\-\‘ia\v:-._\ .-lI;ill‘~1§l()llr, that will (‘ll\l'.il\I‘I“ “sllalfqgl; ilihtqrll‘ f“ Icnloiod-Irm“ t-i ~l-lllll I-iiit: i “ -~'I\\_|l‘li rlllvl Y‘ i i 
     
     ' to all ll!‘ cur have been €t.tl0\I‘I-~ "I 41001.05)" l0 Pmvltllllfl all 46,1115‘ émllllcmlimv?‘ Plllhllcl ¢°"0<l9ll°° 10‘ the p 01 'the Dominioiiabroad “ll llrlllsslclllrllllllé‘  flfzllfgxge i. l\ ll'll\lt" I nut tutllwl“ -' ii in ii iiiiiitt-i- ‘ 
     
     ilfllllllllilllllttw nntl iii~ - * . . a . .i lldttiOll oi \\lll"|l vlfiflfd 0W WliJll-tl i}! lvhnt‘. is not '1' ° 0" '9'” -.intt .ii. I tn Olli tldtfllllrl-ZQ- _-‘\<l‘.l“" tc-i- climate that itiakcs of us ahiirtlv t ». vllfllls’ --i " - ll{ifli"'1'|)ii"-qlflllll... - l ,. ll. . ,. 
     
     1‘I7"'~'l-<’" i" h“ W1‘ " ' l “n”? . Cmmdla“ t~rcdit sittntioii  {we As a Silill of this countrws izrowins» 1° m“. ‘W ‘an. l?“ lulnlsqllnftlaliq-l'm PIT-DIP. and lavish natural resources. I II 0 ‘ hi‘ tilt-i“ v ‘ill lldlll‘ itiiiilz". ‘out: *l\‘*‘ll illlll'l\l"‘ifl=llll‘t\lll‘kl 
     
     . itiutttctpttl htindo “my rogmvnfover wh-lcll-khttgndott- Llallllal l_psuul_cc_h_lhe de-lmsils payzlvlflllll _li.'it tul. Isl tingle wt tint:  t0 Thls appraisal belng Cong“. w” _ _ v _ l ll Hull _. .ll llvlll. Wlllllluqlllllllull “l “m. _.,,l.l.l_.l__ 
     
     ceplivt- market in ‘ll,._..l,l.'l.('. gvglem has evlegclildelzl: able after notice iii all bunks exce; i290" _h ‘l’  lzlyillnlqélllfll,‘ can. given prudent management of‘ .- 4 ‘ ' I‘ l. ‘ hi1 ‘ ql“ ti“; lm’ Pl" 
     
     .I'I\\lill ..; iir. p-tiblit .\il(lvL‘Olll> _ . _ ‘ial and liytlroi qllmg llllluéncc,‘ Gralll-yllllg lnéreas ‘ the vtotal ‘tflllllhfluial ion/its b; 360 __-__ ‘ ‘  ralllalll 6m. levenll}: Iillll‘ public affairs. proceed upon our .' t; i . ‘ _ _. l _,., “l... , " ' l “nllngnpngllllllllutlll. 
     
     M:- lluisiiici i ~ _ t-i turporutioti» aic now lll-l. Show“ in me savlngs dew" intllioiis. uhervas l5 yearslago thesel _ l_ t,‘ lg Qslllnnlcd lm. ll“, ocstuied way with couragcaantl on- : ~ - _ _' ' tutu... iii" [Illtluill lllvll llllll ut- 
     
     Wlllllllu, m llll_ l film vlv bung llltrhllWlnvlvplyln“ films of [he banks m the comm lclvlllvs “Clonal sllcll (leposlm by zlll. l  (m, M Owl. 200 mllllons m ihtisiasni. I . .- _ Illl-PIHIIQ - v. - I - ‘ III u... t l...‘ HI iu-lui Iiirttl. 
     
     “i   i. T“- ““"°“-‘i“‘.i°"  P12 "“‘.‘%"“‘ l“.°€‘“° ”‘ "‘° "°°' “mm” ' '   "“ "°l“"'="&‘“ ‘ ' 2...;  ‘i-‘lii  .  :::i' .'.::f...":'. '-:.i'.i:..' "  .'»..:'. 
     
     t F0010 "Itlrl 1t Arc-w ‘ivc: ll( ls- A‘ 11 ' 10L" 15ft 1J0!‘ Cent. over . ., - ' l . u Ill 1\\I)l‘lXlll‘l11\\‘.\' L5 iiii .l<  - I- Ii x ll.l \vl'-| ll‘\‘\‘ iw ti . "I i: ~ -- l --ii itch '1' tlti l: 
     
     U . ‘\_.llL‘ liiivitiz‘. R [H ( iotfhtLlliltitgztfllllillit‘glpffiel§llfilldlfffi‘an: klviiiVélblO llll ‘interest by, Canada Pnhmual R"l'°"*- ‘Hm ‘ ||"_‘|"ll‘l ivtliit villi.‘ _|lI'|‘|:-|lii|\‘\|\‘ ~""'l"' V” "H" m  _‘ m 
     
     .\ fiatisfitt-tni-ti- Yt-zii- mziblc Dffflflllll on Junexciiaugt- condlfion‘ ln Euro ‘bank; lolllll- TQDllQSEl“ 45 pal. eel“). aniiii.ill_\ oiittsioreicti itidebtetitiess. The Cuslonmn. leper“ on “m”? . _ "' Hll‘.“"“"“"""“ " "l" " nulllllfivfllfllyflmfll illllllfrlfllll‘: m l 
     
     v_ - . and ‘Jlilibtlgh interevt and . ‘ p?‘ of total assets. I lv_ _.  _l_ _._l_ C l d . ticns- in the various prot-inctu lltll-lvi l - viii Tllillll ih-‘tutrtl "\“ I'M‘ "“ ‘iiil ltztfiltl tui- u..- iililiiiiiitiiii-iit iii "ll 
     
     ll l“: _l lllelltlll-l. ll. l-ellllll llllll lull v _ l.(,ln|tvlr*l\QQ\ tilt the hor- In simaltin oi Eur ii ' n ("k 5L l‘ llkal" ls“ ‘lo on fl?" been prepared and all. llvalllllble‘onitl » ii- “Illlli .\--t it tviit l|>"ii\~.ll'\' IIHI it. ‘llltl ti.» .-i.-.-ii.i.. ..i itii-i-lu-is iw-i 
     
     . . - - "" . . - .1 1..‘. ."-  ‘ 1;. _, , _ , i, -. .._ .i.. ‘- . . 
     
     . rii: ill‘ had another .\;ill~i£1([()l\ v _. l. ozhfl'\\']sc tipcrzttg tlll vlm. 3,0 l ,3 ,d W193“? "mfna Out note circulation. at 545100.000 P? l-m“ 9 .2“, ‘Wflefpmen ‘f. request to any persons rlesirin the ~ l" ." "'1"? Y". ' '. m‘ i“ It'_ ' l _ ‘ ‘i- . .. __ t,“ 
     
     _ l _ _ __ vlv_ Umnve,“ _ t. . iecoi ed a gcneialfatoi- l. nlllollllllalel‘. the l , l .l n.t.i.itu iii tut. cotumi. and it ..~ i! in . t...\i..t i..tt.._ .1. . _ . - \\lv~ll _t 
     
     "t! 1l“'_"““'a*‘ “u 0v‘ ‘ f ‘ ' ll.“ o.“ is. ch the \.ilOl.‘.(\(l\'flIl[3'-Z(‘- r-hlc .'ltl\".lll('(‘ towards more normal l; l.’ ' ‘ Sane as as s , rtalize that i -- i.-l.. -.t - i . lfllttsllt yiiur iiii~i~t~i.. \ 
     
     ""0 mim“ m“ u“? urmfllmg‘ ‘ft l. ion 0i .\l"‘I.II'lliC$ ll‘- tChtlitioiis. and this hioveil-lgnt ‘lg " m‘ r (icrcss has kept pace \\'i".i_ Rem" AdWmPd- l" " ' ' ‘ ' l"“‘i" ' " ‘I "l u "filllll Tl‘ 11h?» 
     
     »‘ It>'-'~\0010§> 0"‘ 0*“ ma‘ Tar“ ‘ ,1 ' 'l:()bt't‘ll iai-rtcaitdtl .' rtrsstiig steadi . The aid ren- Ottr Batik Premises Account is l ~ i ‘ of till» Dolmmom Ho?“ ' ‘llf. vtt-iii-iiuiii lllt-ll iii-iwi : ‘- “'l'.""' i ttit- t'.\‘i-.i.it'..-.- 
     
     lmlwrtant borrowers hate taken _ " . to‘ iinpovc . red countries by lcivci- by 5250.000 than a _vear ado. ‘ . " “ml” “i m" m“ 135mm m vour per i" » .-, . I»: W‘ "IH-rltn Ii""!""- ‘i ‘ ‘ " i 
     
     llifltit‘ o‘. prwselll money iiiartztw I’ o. ioreigncredits is restoring Attelnllollvt lllld new bulllllngs have pal-llllllal- 0t llilllm llllload ll-lw m; .v o I _in sslon. ‘we utl. go 0ll__\\'llh ii... lit-l... i. .. v - j _ - l. . -_ » - - ivlth l 
     
     IllCll.‘ to iuiid their il"i(l9bll‘(lllr‘<~i .-. '. " iiititiviigv has had the t-ccnotnic hie. which must in been paid for out of profits as tisual-uiteit-sttvl in Canada. that ‘with I31’- Sinllxm‘ .1e5°1un°"g?fl°" ‘vmch I "." “"“l""" "M .ll"".“l‘"‘l\l_l._ t » ‘ .~t\~.-ii:t.“"“,“‘_“ l“.“_" ','lrl'lfl".'l'.l','l:§.'§ 
     
     is<tuniz to the puhhr: lone-tern‘- -- “P805000 0‘ "mm WW5“ 01 “m” "lake £01‘ '00DF0\'£- 0 3 9-‘ “Y” 3'9"?“ “..°‘.‘mm'\' Jul-i "mow [he aduwmmof m” ‘P’ "'3".Im'i'l:5i!lti:iiu-iliiliiiiiliisi-t- ‘llllltlwtl "l" “nil-uni ‘lllllltl“lé‘ Iscitllr ‘lltll'“ll“ll‘l-" "l 
     
     > .i iiit- Dlllltlllll; ()1 new 1I"‘I_1I I11 ‘world trade. There still rc- . ‘ ~ Bunk has paid dividends" ‘ Tl‘ _ ~ ‘lll "I l ‘. ."' l; li lllnlipll ‘WI t" 3h" '.~' ‘f ll], .ll - -.-.-_ I. 
     
     t-i ls vc‘. uo t‘!l(l. PHCI‘ i1 1n to bcsolved many problems nt Profits and B7hking Service " . llllt‘ ‘UDIIOH _ fllirllltl ll‘? lllcnxengsna Rlidolphe Leiiiieux. K.C..!.,l,,l,l ,  Z I‘ u ‘ '- \lll\l“v__l\llti\ll"l‘l‘ll‘lll I 
     
     ‘I'm- Billlkn o; Caiittcui ll1l'.'(‘ iicoiri- . . ' and lll't\‘!‘.'.'1lllL’(l Lfillsllinv’ Jhllniiiiiioi-talilicg to llNBIQCOHOllllC and tcncc. Slewarv i‘ i 50000000 b)‘ M1‘. W. M. \[‘\ . . - t. - ' l ' tit ' 
     
     . , _ .- .- ~ ~_ - 1P1 . we - em o ' , - ~ - ' - i ' i ~. . __ -‘ .l~-~.\ - - 
     
     ‘e12;“‘.‘.’?*::“.‘ “:33 hits: iiiiitiv -   .,..::;‘:i.:1s..:;:r»iutziiazrisitiiissi.‘zrssiissirrai:       Pits. "it  o’ "r    “  * ‘  i"; h 
     
     . “'1 ~ 7-‘  i l _ .t .. . ,- -_‘ _. v . '_ . _ _' >' v‘ . l l w, .. » . ‘o - it-_~t '1 ,__\ 52.71 i.it - - l [l't‘l!ll(l'\':l' 
     
     ‘ tut. ii l'Cll UA tiauc baiiiers. uhichsubltctvtiett is sometimes expressed that l0‘ 3"“ 000 0 P010 01> tdhlrfll 91 g 5 "0 0f 539-090. PM ,,r_'l..."t..t..-.. t ' .‘..ii ..i' llltpfilllilffillfillltfl‘ 
     
    
   
   
    
     IH-ltl '~"II ‘l1 c-utinrii-s- tvhi-ri- \\l' iii-,. 
     
    
   
   
    
     ‘ Iltll _\'(Z\l\ . lk“ 
     
     ‘llt' Iiaiil»: 
     
    
   
   
    
     l 
     
     The chairman then saidz-"With 
     
    
   
   
    
     '2 . 
     
    
   
   
    
     mrhuations" at a lou rau- Pl intern. ll-t- tru 
     
    
   
   
    
     v t-x A ugus 
     
     Zt-l-liiriii ]lv*|'|\l'l"I Ihvil ill..\---il_ :'|'l|t> lltilltlllfllllll‘ 
     
     v ~lll .lll,lll.ll "l lllvv ' > l lt_\' _. r. .l _ ltli-iilrriil Sir Arthur 
     
     - i liittc rcicrrctl to the past yearns u-Iit |'i-¢I . |- lIl'lI'I ltlllll ' mlms "1 - V’ I ‘ l" ' l‘ ‘ t?‘ l‘: ‘l-‘l "ll‘.‘.‘,“.“,‘.’.“ 
     
      _v ,.  v _ v l i . - i-i - i.i-;.~r lltw lwt. 
     
     ..t mo! tapansitc hi tiic totiiitvi} s “HF-I ‘I l» I'll‘ i. l....-l l,l_v_l_l‘l,nl l -. l ll. - ‘ll,,ll.,,,l~;l|.l.'- sli- |.<iui~~r Ho“ rt. 
     
     i lilllLlt‘ tl history That Catiadtatis ill‘ l"‘ -' - 'l I : l . - ._ ll.ll._.l.l l;..l.ll,..l .l v, .\i 
     
     "c _I'.‘ll)['I'lt‘llC(‘d it greater degree o! ti | I ' llil\ tvstlllllllllh .\l". ' - l. ti- I _ . 
     
     iudttdl l1I'(I'~‘l1Cl'll\‘ than evci- hv- -- ' " viiil-i-iii _\lttrt~tllll\ll, 
     
     ‘ sv t'_ 1- " 
     
     l t-ut. 
     
    
   
   
    
     h.“ ll§'l'|| i-i..ii 
     
     .r e ls‘. l Illlllk. undisputed. The - - .i., ,‘...l\ v,,'l,‘.,,,‘l llflllul l,‘ _ 
     
     .l;_'l‘l uciit-riil h-iel oi ciuulovmcnt. l '| - .tl.i| 1pm.: l|l'll ' tiiulli ill] “ll. l"";‘l‘l""‘l "|'l""""' "0' """' "I l. ll l 
     
     llvZlKl-Ylll tnhtintctl spending pout’: u! ll ' tsi-l».  -. “l _lll.l_.ll,l.l lfl lll_'_'l'l'l ‘. " "l'l' 1'“ ll-l“. lllulllll,» itii-ii lllll. 
     
    

    
     "l0 llftiplthfll iittitbiittiblc _  . ',l,,. l "v ‘ v‘ ' ll" |tl‘v\|I|t'l' lnlillt a . . ' .\i .| .~iiii.~.~.lii.-i.t Illltfllllll’ ..r ti... its.- 
     
     _ - .l .. ~ . u < , . ._ wicccssioxi t; econ harms - > -_  ‘ ' ' ‘ """ illllt i: I _» " - HI: u, sii- vii -- t tti-t-ttttii. Burt \\'-\~ 
     
     ‘I m Gxwignmln- m“! ‘V1019 “FY50!”  ‘till? QYOBI broriclciiuig oithc bu. ~. 0i prti- l|llll\ '.tl.|'l‘.|\.}!\lyv\s {iii} \\-» iii- ll)l ‘m  _ 4 "  ‘i l in“ ‘If lllil“. lwMidIiimd 
     
     ... » i »- ‘l, _-v--.-'. ~.  ’ ‘. * ’,‘ ‘ ....,.., .-., t, .' -’ - '  - '-tiii " 
     
      pml-llt, ttt-tti v l- v v __ v lllullfivlv Culvmvlu“ m l5‘? “lallrlih Bgilllm-lititt“. llLldht t.» (‘ll lmllk (lcpohllh and llml Obmmml ditcticn. giitilliittt lciiis apt) Cllnyl. lip \ . I'll] .i.. Hlixlilt ..i \i.i.i.l _ _ _ _ ‘flu ‘ml: __ _ 
     
    

    
     - . . » t 3s‘ i-. ' ‘w. . ...-.-..t ~». l i '5 ‘.’;‘.'l"‘t '- “"-  '"  '. , "  '." .'. 
     
     gut-Ill tillilhllihylt l v Ylvlllvd a nmrv new???“ "letiltd  If In). tht Bani. m tlli tniplovxiiitntwti Qvlrlgllalllllfls‘ _0°‘[_1_-‘lv""'\<l d“ 90v \\l..tI ti.. ti..~....t..i.» i.:i\...“.i.....-m‘ " iiulliiui . . i - - . | - iii-pt. - . . ll lt. tniiiiiiiii ii_i 
     
     -Ho_<pital. fIImitrt-ul Gtnci lmniieriitiuii. . . l . _ ~ “J! rittvk assets has been stcadilv cic~ “ . 0 "H1013. and otttsvitl» lithii-lu _ _ _ ‘ - - ~ -- -~ Ill .\\ \\\\“i\\'l\\~l‘il.l ti.» ituiii-iiizitu.» s 
     
     v __ . iuniiths. IllC bai-ic HKlllSItllUs of the l-lllllng in" s val. l w, x Piillllfll soiiuht mvesttncnt here chiei-  - ti...  ll .. . '-i HI iiu- lll\'llllllltlll. t \t. ‘. ti. “-~I‘~' " """‘ 
     
    

    
     and ‘K pwlln  t": i -_ ..l.l l. .1“ Vynulvnil c< lIYIOS. stich as troal. cotton. and A ‘l a ' m" ‘ l.\ l0 HQ-Wflzlllllflllt and tuuttiripal l - "h “ilh i-l it>rtlllll\l"n.l“ ' ; - l |I‘l“"lI "tw-"rlt wt’ tht- s ' i - I \'-lI‘4‘-|'l* 
     
     t ~ iii il . l“. . .. _~~. . . ~ . ll lmd fleelv ‘l. _ _ ,. l _ _ _ » v t ‘t > -. - i - . _ liI|l_ l .. l " _, _ i\\— ts ti lt~~~t vutritw l t ' :' .\ l-1v-- tit-t‘ 
     
     . l ' " - ' ~ 0 lm‘ V?" - t” '1 i1» ‘ OisUn-Opelatlng on ‘t I0 L-puunnze U“ S-uentgm m U.“ p“ mild {n lfuhu“ bumhnf‘, to m0 \|"|l|l".,ll“\i||‘|li[’-“H“ H’ t") Il\]tlu‘ll\lll\l|l\"illl4l thptt- tll-itlrlltlt‘ ' ' "Wltlrtitillltttl 
     
     tt- ~\ h" ' . _ - l. (ll ‘)lJO(i(l‘d4)1‘llV' E.ll-l_ f_ "I ncmic basis. but other hank tins ,bc;;i maintained while ‘I00 llllll-XDOHHUOH iol- lm cver-III-Wii. llFll i. ...' l ""‘ -“.‘""i .- i..- ' |||t~ll' --iii.t.ii..-.- i.‘ - -  'll,.l.,.,llll,' l 
     
     ‘I "'0 l0" “""" ‘ ~ . ‘not ‘pun Tttliiiirtigi. not‘ :'il.al“l.'.'°.".'.501'“ “f ‘hlltbtllltlitlg and dividends and bonus Itovv been rotor “‘-°“smg ‘“‘="l““l“““‘.l “"0- TWV-‘Y 1* it » Irv-ii tt-=i‘:"i--.l<i.i..i.§... iiifl -"§'.“l'.'fi" W‘ i‘ Iiiw ti-~.~.i"..iii~ xii-tit i- ' - ~ Il'l|~.~‘ ti...».i.il., inn. 
     
     "roxrlnc dt ntiiitis o! Kill‘ cit l)“, l, “lhljllml pl“, _l;_ - l‘ 0t M1 mdusttttis. the niotiu amt lollably qallleq Ql-el- lllld “boll. most of _thc_ larecLvint-rr-usctli-itpitn.‘ uh II"I‘I| -tv' |llll‘t' lll. III; \-~ I» t" ~'\~I<'-_-I -' H _- -iiii-ii.| ,‘§s||. llllll .\t ' 
     
     isvitiit-t‘ l>!'t"0i*~‘l b?‘ “h” ti  Au‘ llfOlllChllLlv tl-f- ill,. Electrical trades and artificial Qlk. these. however. we continue to fulfill "@0003 H1 I01‘ iiivestuictit l.» for iii- I"“'f'." "‘" "'."I“I"'* ' " “ ‘l’ WNW“ Imilflnl“ z _ l’ lmmml" ' '\“\“""r"' 
     
    

    
     ‘ l ~ -- ‘* 1* ' t» -< - . .' . - . ‘ ' -~ . - . .~ ~-- . ---.' -- ' ~ .: ~: -' ‘ <0>—--» 
     
    

    
     vl Qul_l)rl__ lull ll l. llollel ‘U! l‘ l _v v v __ v lllllllflklllfl .t.r.tsl.intial progit lllll lllllllllll. llmCllOl-lx blllepllal.‘ _. trittial (lt\f‘lOl)l)l(llI. It is no“ itilll. tut ti ~1\Ill |l\ .it. .1 lltltiiitrl dill-iii; l Ilttl _ 
     
    

    
     t . it. . 1140.. {Olllllp .iattit.i. (l(t)ll<rlH\- , C, . . . = , -, h . itt 1.. iii.~ |'t|l|IIllll||ll\ |ti.- hum iitlsii- \IIl4'v|\l \t-. _ _ .. 
     
     l. 5.,» ‘ljt"~l‘ ‘.‘I'('\ti‘lin‘_‘ IlPQCIl‘ ll; v .. iiuttiix: thtwiti tsltivutlq l _ - -- . out lint.‘ lie-at Hlllllll depositors money. and at the ..lhl" vtclmléedt 01131010011‘lUISIIWIHIlWiiiI-t I-i- lllilllllillllfltl. iiiiii i..i ' ' ll lI|I.|l\ iiiut llltill with. -, ' 1 $31003‘ Ilflfiltli‘ or" tilmfiflt "lit 
     
     t Itittirc. ‘ t '. . iiurrtzits Mtarl.“ ahhears Y‘ itlmrilln-‘t-mclxtwji 1mm my‘ l§°“l“".g-.cver Wm?“ "0 Fmlw“ End] lfeflllu.-th,clf’.lol mv..bmldvmu.“l) of.‘ """' III" "rtlhh  < t... ‘i-t-tl ittlvlliurttvr- I‘ ~ - ' ipletl with r-orns. llut it is lltlllll‘ 
     
    

    
     . Ill. llptvt l. l, (ll m". it l l:   lllH T0331 ‘veilzinon oi uanatlas financial prps- vdritllsfllblwléllilt lvuoflulltiiufiltii v _v - _ iiilll l-Iltnt f . _. , 4 ,...l,..._ lllv ilk I'd"! _ _ l _. .v _ luvs“ Sullnvrlng Mm“ W“ h“ l__“lll_ll_ 
     
    

    
     _  _ _ _ . . _  v. _. n. lll. l.~ll.l._.._l.ll_'l~~ll,_. l v ' l, v »_ ~ v v - ~ _-- t. l.i..i— . t in this most iinpoitant period t t  h I o‘ l l0 (ll-WIMP! v v I‘ ““ ' '_II"“"I* "Ii l‘ ."' _ H = _ -'l. . llil wlll ‘I(]]l(‘-| .v.-_.l l-lll-ll 
     
     - §ll\|IIl\\ (onthttott - .i tin i t) t . _ - . . i . . . |Il .. .- ... r.ii.t llllil .i ..i .- . I - .. I ill till t I 1M1. 
     
     I-tntml l _ lllvlvl“ U,‘ mp uiu itan. i continued irr-t . t-i tle.ololiiiiciit_ thrill»... fnnnLtvg and spirit of hcr population to lillx l l " "l‘ "II "if l l‘ i» l‘ ll l ll‘ ‘III ' "II l‘ i 
     
    

    
     . . . '. l i - ~. ll-l -. -» . __ l . U "l. - .- . - _, ‘n ' -* - . --i--i lll» i. ~1l\'\\\YIt i l i .‘_, .l_t ~. ~\l~_ 
     
     . . , t , . '- \"IY l - ~ '~ ~- ‘  hlllttltl-nlllhzwsm-“l,g  ‘ruldfol- M .1131" 3 m“ illlplccmilm] m 9"“ ‘m mCreas-lngb _-"np0u.‘““ PM“ I x f‘ “‘t\-l’.l|~‘<.|>ihil: ~ltul Illrktdlt: t-‘-'~i|\ltii‘ltiiil_\.‘l‘its"uwllmnlllit- ‘mmmd 
     
    

    
     iriitit- i-oiitiiiinns in (Alndlld ti.i.i i_ tvl it  l t{_ is trotting (WIGOIICU GblVTZlllOllF to the Canadian luihlitu ""1002 the mdttstital nations o1 the ‘l ii " i . ll lllllvll lirsl - |Il‘<‘lI Nllfrulllltlvil ‘ 
     
     ti. i tr ti. ut-t-ii LlLl-l‘il_‘.ltll(l\\‘i1ll€ i   _ ()1 blllldiilq glxtlxillolls Q 00 001008! cuspositioti rm the part _ - wcrlo. The great expansion iii n» tti.- llWlll _t--~\i - - hut llwll It -' i -' - Hl|t| (|ll‘l‘|‘lIrl‘\ \\'|\l tum- 
     
     = s It Itet-ti (‘Ollipellllflli ll‘. . . . _ . In me fir“ "m" ttemploicrs and emplovcti tau-attic Our officcs in London. New York rent years ofmuiing and incttilltirai: E "' :"'-"I"-\ _ l." N "Iv l lll pi-iiiizltur ti.» itiiiii. Ill 
     
    

    
     . llll,f_ lmllllllLl. Shoals llpllpllllll i _ _  -v._.vlll,ll llllllvlvéllloflll cc-olit-rzition to thts end. ‘and Par‘ continue to function sub with their field now extending into l, _ "‘ """"' "' '"" ""1"" I"'"lI'"II II 1"""" 
     
    
   
   
    
     it ]Ilv'il\Ill‘|'_ . pl ll ‘Is 
     
     ‘bin; Dir-cu ‘. ' ' 
     
    
   
   
    
     - i-  ' - v1" l.‘ JIO\'l' >rr-' . _ i , .  . . ~ . .  A . ~ able < * t . 
     
     . Li‘ tare of Int it." 911W I l l . - mill. .i.i.. DCLll lfiCCltlllll the attention oilbanl-t profits are large. but they tire 5°~OUJDOO< i‘ 1° “e "cmllm o! M" m mm ammm mmahnemh [0 |».iii.it lul‘ itir -. ‘ . .l~ll,. iitithit ful- th» illfitttlllllhvlll ..i 
     
     . . .-  .-  4y   .~ .  
     
     tic» requireineiiu i~ so urea. that \-" all.“ ma,‘ we enlplolv. a fowl". lllml . aid-up capitol aiiiotuits i0 m“ last. mtcts uith the approval " ‘ l““""" “l‘l“"“““l~ m‘ l" all “up. 
     
     r export tit l101\'.~i— "(WT 1>'100->‘l1'0I18Il1 OYIIIB Wlmdlnaid-up capital. This reserve fund. 5‘“'5)7'_'O0' am‘ mw-agfiot“ “““‘\I0\\0 yum‘ “"000 09018 in the opinion til lfffllluuui. '.\4lI-\ll"'l- “\\\<‘l\l\\e2(\\\ t‘ \ ‘lllll l'll'll'll'ls' \ t|...ti 
     
     .1 -- '..t ->  ufllv _ _ _ ~ '  ' " 
     
     ("Jeutke m ‘L i . .. . - cipondtiig periozi (‘URL -\\ iii... it peziod of Ihe Yea!‘ resents in part the accumulation oi l" ‘7\'""“ (‘l s“ ml“ - b‘, _ - 
     
     ~ - - - . iatifiedvand confirmed.“ T\\\III|A\ T.- mutt-rt i . - ' \llt i» 
     
     .\\‘. h - 
     
     qttir- Sim“; l“ “w” financing m a “"15"? preinitiins. ranging as high as SET 
     
     2 g1 w. tut-ti i; .i Pruitt and In ~ _ ._ .  .' ‘  ' i‘ “I W100!" b°1'I'°\\'i0E-= ill NEW not profits ‘eprescnt earning of 8.71 
     
     ~- ‘ “.'lU.9It'.{IlIJ. . - l ,. .,__ _ . 
     
     u, U! u ’ v l]‘}l _ ' ~ I i Wt lllttfllllllu m Hull WP-iirr‘ tci e; Canadian bankint: has se . 
     
     .l,-l- 0;‘ sjotititn’). 0W 
     
     ' ‘=l‘“"“" "‘ U (iiciitzoiis of a persistent. ll slow M?" mm? kcpn‘ 
     
    
   
   
    
     »., . w ' ..-_“ __ l -. . i- . _ 
     
     llfilhliihiqn t). )89\?J0- rht  l l vtt-l-ilntlnlllll mllltilellcc at Gen,vlcel‘tail1ll\tl‘ot excess“? lll lll-Qpollloll 1.10.000 total llS IO allltéoltl million dollar Joint Hospit- i». .....ii.... ..i ' ~' iltitllturfl iiiiti m.» i-i.-<-ti.... ..l .l,l.,...,,.l_ 
     
     t" 01 030001 "1"? Cilhadm“ m“ ‘r ' -» - . ' ' r to the capital emDloretl. To cite our‘ 3w "mlmfi- and " "lmpalgn "lad? m Montreal mil.‘ hm“  I n‘ ‘tut tht- t-iiiiuhit: .\'*‘1ll' W" "1"" I""“""" 
     
     V v ‘ ~ ' l - < .'.- ' . - - ~- . . 
     
     ‘m! Obhgcc.‘ w (‘mm m 1N6“. Ym. m“ “m? v hi (IlPfll Britain. one outstandingcne million dollars greater than our 9i. . tttth a rt-tt-yt-e account oi 0f lhlb meeting o1 shareholder in} ‘llillllllltll:‘Tlvlllfvllllxl"E33? vlglqvlllltlfll "n-llllllwhllllllllll-‘lt ‘gllJlllqll-cligwlll:“hll: 
     
     (}‘d ttbrc-"l lfllLt‘ tint v_ I _. l __ _ .  ,» l, _ __ _ . ., ,_. , ' ‘ ‘ ‘ " 
     
     ‘ ““ - p.010 flTliil ssu- 00*“ I" Ittmr of the American the l)r0llert_\'oftlie shareholders. rep- 30“ "m-"OO- “MC G‘ ""”‘“""“” m"  "’Z.“.i§“‘.’.'ff§‘;.,‘,!}l‘Lfllgfjflmitt °f . -t'...\.. "I'l"'ll\""| “Hilt- 
     
     .. - -. '  _ _ . ' _ ‘ ’ ‘ 5 ‘m?’ I ll ' 'l'llll\*llll'll thin 
     
     ‘ o“ v.v‘_‘]_“¢¥,‘l’.‘ff.“.'i s (J ' . i 1t oi luilp full to ‘tut  l" usually the case. undivided profits from the beginnin" ii- tluiiiti-tc i.. i~ . . h ‘ I 
     
     ._. 4| v t _ ‘v . v . v _ l J lllllll 4 lnesl. . t ita-on oi ..\.. tsthattlic United 9f mp Bunk in 1311 and substantial lmluslrlul llflllupnlom. llllllhll‘ pin": iii_ ..._..|iiii...,. tl, 
     
     0"“ ~ " ‘ " 0 "  -" d ‘Wbw i‘ m 0* Pxllilrtsflfgrainaiio ner share. at which our stock has 
     
     1-: ‘\' H‘ - ;' ' .. " i . - ti‘. “Mm- ‘Yhlli’ l0" “Wllldrflwfll 0f Dl'0' from time to time been issued. Our 
     
     ‘ “ . . ind the transfer of balances to — <  ~ - ' - 
     
     .-\._ m. zit uriiigiiii; .. i . - I _ _v - '.(.l t.iit.oi L0llll)ll‘iC(l capital and ic- 
     
     V‘ l . - ‘ ‘ ." ~“'“J" 000-000 01 l0? 10011‘ RUIN’? scam. liicicit-iitalll". llt".'[‘1‘ in thchis- 
     
     ' I -- t . . 
     
     to .ittit~ llltlfl ‘(Hltrlbllltlli factor». i : t~ to the customer been chczipci" 0.5 
     
     l "1 "ll 5 'll\.t'it~ utvttltl ailment‘ to l)l"t'lt‘fll' in- (‘fli(“(n“‘“ “w: ‘m’; Commmmr‘ 
     
     watt rc "ht-Ii . ., . . 
     
     UM Kill" “Yul; * tiitptuttttttiit iii btltillltst (tgnulllnll; 
     
     -.. 
     
    
   
   
    
     thti t must 
     
    
   
   
    
     1 -. . . . .~ .- ~ i‘ uhit I|'l\: t-- l‘ ‘I ili. .-- ti il t l - >i . t 
     
     - _ . i - . - .. . isiitctotlli and iiotidc a "ofitztlln a ticttlttiral Ma ll. o. t f " '. l ‘i "l - " “ “‘- l“ ""' "’“ . 
     
      ~.;lIl~I;lt_'!fil'_\' l)l"()ll‘\. Nlillllitlll _ w . .. _in 103%‘ o. a dmd d v ildl p bli" - _ H t! l l . 0 00-; mt! o“ 1hr. l.......i_ ........i..ii.i..-_t Hlll‘ his... til _ l- t-ttltsvlititllittlvllirhfl lll the t TBElTED a1“ 
     
     _v_ _ v ,,,l,nlr,llll . .. , l - _v COlKlll-(n. F. _ l 0 0f‘ ~10 0 50-050 t‘. fltllttlttft 01000 1101010 OI ntllh turd PZILXLTLKl t-... . I t\\ ri~ Illitl l illlt - .~ 1'"! ~ tlllllt"! llllvl Il"\'I\l-t|ll . » 
     
     tno~rir~ IYIIIW“ » 40- M‘ ‘ ~_ " v l. ~ .v _. , ll , _ ‘f 5 m “m”: dmm“ 01° 0T ‘he B10005 general operations those various fabrics coniiuoiilv i-e- tit t- ll l . up... ..i Ill" .\tuii~i--i- i.- Ill" '0 i ' lPllk nefefg a m ed 
     
     l: y _ , mull‘ lllmll - - = v inst tun have been somewhat in- l ‘d. l ll l l - .-- , - l d . .- - , -_ _ ml pl, ll“... l,, ll.l l-,,. ll‘. lll.“ ,_l ._ _ , _ _ __ _ | ll r3 C 
     
     .tii. ol . lll, ., . . . l mi tn a _\. ticy the to Canadian (‘TFO loasmtificial silk art- gpnr- H I l \ l lll \\ i...\.tii_ ..\t"'“ . . . 
     
     “ '4' ' mmmi" WW I‘~i l(ll"ll‘ Wilt" \Io hill ttilaaI “(llzgltll-llllgtilrllnflnfilal posmolllljl mp!‘ lots l: service which manv of our izivtiiiii" itistanccs. SCRITPiV lc  ini- M IMIII‘ h", MPHIIM Prim". v i ' l _  ' "' m“ mlmmim" Qnrzgfiufi§l‘§§t$§§ll§'l‘§é§il'§di3§‘l§§§§ 
     
     . _ v _. _ . /llA4 . . . . . . ...- . - i ias ceninatcrii 3100‘ T ‘ 0' l ' l ‘ l? ' ’ - .. -. .  _ -. Illl ii- (:|\‘ Jllll |\l'l\.llI' l .i~ ii». ~  ~ - 
     
     lltlpfilts, llllll. (lffdvlltlllgll v apparent 0mm- munscql_ulv_ Unvm bvqba a] tun s into ietn llKi enough to t» . t is the trteat pltiglbs. m til l._ lllnllvll,‘ l. will “vll .l _. l __ . _l _ 4 _ _ 
     
     lnttvi‘ iiivtvniiiIlle 100F001“ ‘~03 llllll Ol l-l-llllllw ‘llflult ‘v _v_  I Iced P0031? 00d It" commend most highly. iiiiiety of other industries. for whit-lit -i.‘» lint‘ 1 ‘ ‘Ff. ' ' - i;ii.'it.-.‘|ml.‘ti “ l ,,-..  "HlmL 5'." "- " '"'"' "' “"‘“‘l‘°".' "*""1"l'"=tl""m°h¢lwill,lt* 
     
     _ v _ t t‘ i to.i..ohdation of a large pait of tht- ll -l- l- .. . . - . III 10h" itt III“ tun-- Ilmt I u tfalls lnluboli with DWI 
     
     that the lltlt‘ o! business lust _. ~l llm (ll Clllllllljllllll lllll-l uvnlrlss floating anllshorl lwm ln_ l l?“ m‘ marl-ma“ €‘"*°l°t"'"'".t .°rl,"l‘ ',-" - v ' -  ‘ ' ‘i a‘ i Ill |i--  tit-putt it." tun-I ' ‘ ' 
     
     ' hm lllljffl}. tgiiinc t-iiiplovmeiit to ttiiptetlness. On the other hand coui- Wlonet-irv Nitii-itlon lllrmll .11..§fi{§§§‘,;‘§§‘~§l§l.°f§3§t02;]Pitlrleltjl I "H5  » II‘ wlltllilzlxl.‘ ' ' ll. i-titi-i itiiii Ill \ i II i \ 
     
     hr: it'd s market for iixtmv coni- liit-l-cllll qnd lllqll ll-l ' - ' ‘ ‘ ' ‘ ' ‘ ' '. ‘ ‘ " W‘ m.‘ ' "ll.-~ ti. l; I \l ~ ‘ ' -\  ' W“ "“ "'“""" 
     
     flhtltfltlllll"! mrc" : '~ truer than builder-s‘ Irrtrti- have shown less pfiosgéritcyx'ltflliliioililsfiz . zllgllerxgfgllge txhtzilyextfh r n L? obvullls'i""li"" l“ "‘""- :'>"'|"':l"'.|' "I " " t" "t " l‘*""\‘l"""' W" """'I""~' "It'll" 
     
     . . »‘ » i - V -. . ~ ‘ - . . t ' - ‘t ‘ ‘ I - ' . ' ' ‘ ‘ ' ‘ 
     
     llvfilltllll-l, till-ht - 1 in.il.. ate I _ vi icase lot ‘population and thr- mimcdiatcly preceding yearsziorq I" ‘he LQMD" ‘mwkcl ‘he Bank “l days we dtvelt fllmOfil.e\\t':li"lgll\l’rllll)(t)'l‘llOllvhl§ h ~ t.-iiik'i'.'.""i. "i1 i" -' - "i - 
     
     1 tll;lilt>fi't'lll iron l »‘\\Ll.l.i]l$hl')£'(tlv(‘lllllllfllllltiufdlllll tum gleam. llllvlllg been Clllllllled ‘bl-lEnglantl discount rate Wns rcdtit-tjd flgrlclllllll.ul_ fisher‘, and "loyal m_ -i 4 i\...i'.i. IIIL  '.'..'.'.'"t]-.»- ‘ H ‘HI ."““!l‘ roll Iw-rv 
     
     ll. v) Flllllllllll. ll, llltt- $Lfflnfl (fllll- . _. . t. uit Lill u  ..i.. 1.. ut .- ltt _'lll).|)l'cclélllon alld Col-lllllll-allvc from 5 pct" cont. to 4  per cent, in Sources when apprlilqlng m“. nqllom th- lit-tut ..t' lls i'..i.iiti..l»s ll i. - l..- .iii.tt l._.lllll'l.l.__. vm"'lj v" "I" WI" 
     
     l.‘"‘.'l(>l\ iroiii ttlirozid. its an iiicrciti-l \_ I lv , -"l“_b1lvl,ll' Ol the national current-int“ ‘f’! ‘Mhmwhlch “mm Ft h.“ To‘ h] wealth. we must now also tirkeiut-l "ll" " """“ ' < -_ - -. Illlll i-ti -i it ‘..i"‘.‘.‘.\“‘.‘11‘.*;,.:;§;§)fl , ' 
     
     .. .. tt.itiiiit~ o! llllllfirl» attests: iht ~00 0 J00“. "all?!hnllllilflgglllillktilly tlolobtam luntll all:116g‘;I‘m:gcélalilfxtiwlgtlllllllé?"10%)?‘ to act-stint the coiiiitrt-‘s iinttiltl T.'i'"“l|,',|."' ‘ " . T ‘ ' "l"" "l~"l*"ll'lllt\i~lt to thiiiiii _\'llll lur Ill" .Fol Qulck and Easy 
     
     0 ‘ l ‘l " ‘ '5 l‘ “Y Ilex - I “ ' '  “ m9 l“ wcaltli in \\"'Il(‘l' pntvct" and in min ‘-- iii. II - ' ‘ : ' ‘ "" ‘e 
     
     A .. . - vi ' . - ll.\ u ~ ~ . ' l ‘ 
     
     . tlurltii; ilit- \- |i.\\.iri|~t lll _ ' - v _ l__'v v _ v  
     
    
   
   
    
     Every drowns‘. o; ll; PAZO OlNT ENT 
     
    
   
   
    
     lxiihhri" lriltll’ '~lit>' ~ ‘d ~lltllll 0"‘ ,- .. . l . , , -. . . .- . . _ - _ w ‘ ~ i. - 
     
     ...i».-~i.it-iit. ii~=~~i>1hrt 001"“ “rl .~."..’{l§ 143-" ".1; l§l§~.t.‘.'i‘3“§i’ tiitllfit-l-‘illi £1753." “oii-‘Siiliiili’? l3’: ‘iii?’- '°'““°“’ Zlllliil.llilllfilfiltlgii"i.i"lit"ll'l‘i °““‘"‘" ~- 
     
     _ vv _ d _l l m wolwmr l? -v » ._- . _ l .. H .  h , . oi in the rc- v t» m), cert Iltillt- llllltl, 
     
     wt i t -. W0 IK l"; 5 n bpmrlriit» liainiitll} leiiiiictl lesson oflosscs "" f. zlrrflnfitetl commercial tit-atvivlllllcdtill 0pm market 0l)(‘l‘lll.l0ll-l. lmpllrlllllu. of Agl-lcllllllrl, 1'" "W" " . - 
     
     h. and the uitthltl‘ lb I ‘ t ¥"1ll lOFRI/llVll and a nczvcr ilen- iiitl the withdrntwil of a lartze part is control has had the cflect oi ' I i 1t. .i- : Butt-e; 
     
     "‘.tl"l ilit iiiittitilzivlulte ollitiutorctlrri  iii profits lbittlo fffrlllllt the pa}. oi the Army of Oc‘clil)ntiqrl_ lhlflblllllllhil (he Itgigrl-tetbtllscotint gate. we should not luse Sl l“ of tholnmvu ‘ _ "N , v‘ _ _ t‘-| _ lWl-‘vnuliii-ii ...."'..I.'.‘»..Zl,_!";§,.;;f,,,,. l" m." i n 
     
     t. t, \lll.1llll_\' dutiinis it-tl. Jill iii 1.1L‘ . ll imttirc mint; w a i: is. - _ _ v M Wet‘ mrm s. i s at ‘l out _  .l _ l‘ _ » l . .4 l,‘ l, . . ' ' 
     
     lvill" llifil‘ month. 01 the rem" 10l~='*33l'~I\I""~\‘~'~‘/-‘ “ “T! *0‘ l0 0" 01001- 00 folmg" lmlmlms m m" dlslmsal °1 l m "c" °en"" ‘md a5 50°" 1'00"!’ gtiitll‘otltogi-‘ivinfuildeiangg{al‘llldliiitrls'W- ‘lllfyl'l:l'll'lifl‘llt‘l‘ ‘“mliltimiiiili-ilhll t: ‘ll’. .\l‘l|||ll‘ iii-....-..i..- i'i.- Montreal’ Toronto’ 
     
     ...l. ll»l.l_l.llll-lll.ll Ulllv .. lllll ll l-llllltllt-iiiiiiut l't'll'.llll il'l1!IlCI\'l)Xv'(s'»lIlV, my "I" Pmmv-‘ll (K000101011! Illftlllilhllll- “'15 “Onlmmlded 0 bell" I'M" I000 its importance jq only llllelltllfll-ll 15$ "““‘ "“"’ ""“ »‘"‘~"'*‘ i" httltlti ‘Ir-~ lttiiiik itiiii \|l'. l||I:l>t-l'|L\\El|l“l l 
     
     lull“ ‘WW0 l __ “Wvvupauv ‘ml “l. l. llal l,” 111ml llllllllgcllrl, BllllkrlfItlflnllp.lullollntlngto nearly llllll llllln n Noll.yol.ll_ subslnnllqv the inn“? m l- 1m .md _‘-__ N J‘ .i..ii I Vi‘ i... li i... Ilt~ lltml‘ .-i i|.i--i.. I|I\' Illltllllll .. utt- \\ t..- - l!‘ ' (‘If 
     
     o - I.» -- All lk I v-plllod "-1 “all l, _.l, l, ll-lllllllll (.1113 thousand milltondollars.opertttglbziliiiiccs. h vc been transferred to gllollltllllfluge ell‘ h?“ n": lvlfimfil llllllllsi; ill ..iii....i.-. llll l'll;ll",1a- ii.=.i vlms .,...|_ v| ,l,, ,,,,l lulu“ l, ll- l, l,‘ v_ I / lcagfl 
     
     “m? iiitiulrluh ‘(i159 iiltiitiillni~ of (‘fil"§\\“l‘i= ~ ‘~ ‘ ‘ “mmlll-Y-  sp°°"ll“l"° ficclllgfnégghllllllfggellflfllégglglgejlwglim hlllral is the infist valiilahlc ‘$11059. 0"\t"l"l' ‘l’ ‘l‘l" T"-""ll"['l‘ 0 ' "lll " Mllttvl-tr-li iii.» li“lll \I'Ill‘ llI iii.- Hl*I'\l~‘I‘ 
     
     ‘ ‘ ‘ V ' ‘ » " - - l - 'l. V . . ,~ i- ’\\|‘l I lt‘_\llllll i|-__' It'll‘ ,l> l l. l; .l. ' , _ t 
     
         ..                
     
     l ll _ ._.  u ..ll._\l_, .. 
     
     " h“ ‘WW0 “'0” M‘ ,“b““‘m"ml Tiit- l()"t'\tZl\ trade of Catt: .1) coii- P:.l:‘l§llll"-‘kl“d {I0 It 412mg extent with ‘uarked improvement in its POSlUJILl tllll lmllollunl Tl our nnricultural . .-.~.i..iiiiiii|i I t i.“ illliv-l u iltufhflllll l‘v‘_, ‘vlllll_‘_fl“‘l‘jf‘:ll‘v‘, l 
     
     .-.i.{i<I~~ii. iii the fltlllllllllflllill‘ 0 lnnvc l,, Nlvlml lmlll m mlmm vmd . .. en o 'V\'fl‘l' e ts. imposes a during the last few years commands lmlmtl-t» is nu“- lclg Qqrllfill u, llm-ei . - ‘ . ‘ ' - ' hi || 1' t II I \ ~ ‘ ‘ 
     
     I w“ hrr1‘i>t‘!‘"II-< "10001005 “"0 0 ..tIu- In tht- seven months to Oct0~ W (NW1 ‘PM difficult of solution» ntflmmlon‘ smog lgizallthe Bflllghrc-la vzistlv creator future. for we have!" "Wlmmmpttw" l v “ H M. “ W“  International 
     
      ~l -'.l(‘(l. oer ' I thi. t“ nmvip-t-ni mint dto ~ i - - . - .. .. ~‘ “@185 I00Y9050 Y 0Y0!‘ 0 >01‘ ~' ' i ' p ' i 11"". "' "" “""f- T" ‘ - tiii k! ii i ' ' 
     
     W I H H . 00.000. lgltilllil tin ll‘l‘(.‘l'f‘21s‘l‘ oi ittlilliihi“?lltimlll§yvllialiiii°l Qmlé (‘cuts brintling its ratio to liablltlies iiitliolicliileltlihgrtlstlfig  ugh?  ‘m "mimtlm" " lltlllll wit. iiiv \\l\\\|\‘\\,_l\ i '0 """""'l‘l'l' "" I ' . hmlted‘ 
     
     ‘ 4 . a - ' ‘ t t>~ I i<\‘ '1! , . ‘ > i " ~ Ii i-i- 
     
      t-utiipziriittvclr new IPIHIIII‘ "I 0.i..000 ovcr tlic currcspotidiirt llmh anmvmvsarv; of thclaailll‘ hilly)‘  m?!“ aboul l9 pm. Fell; to tit-tn‘ awaiting settlers t0 occupy them. Noi|iii|ll'i\i'i~-iii‘ .ll|| il|Il|\"\ ' tit lllnfll-“hvlit?!"$10)‘alllu-lfiwllli-Tltlfr-‘tlI4L‘{Tlllt-‘lllll i 
     
     ‘ht hti~~int~ss tit llflllklllil. owuuz lollttfl octiotl lust tjear. Recovery lroni the plly coincide with general lJrosl-lerlly. ' m“ Gem‘ 5000 099070000)’ T01‘ 5911190‘ 0X1-<ll-'.“I'|" 1"! "w" ‘ll-Iu-l l'lll"l‘ "l_|l\'4*l‘\ t>l' iii-Y ttiiiir riirti {Ll-v MONTREAL 100° A M pgllv 
     
     lztrut- itiiioitnt 0i securities. both ltW-t‘llllallfllllllfflfid has been r‘oI_i-_stnIII__Ifiv‘Tli' anniversary of Confederation Atmrt from one or two industrial “wwhme m the “land loday‘ Thpnlii‘ t -. I wuhv’ ANN“: m“ m“ """"' b ' I v 
     
     t-iitii and domestic. Ilml 1W0 \>\‘\“'»’»l “f l"_“v"‘_v‘l"" '01“ 5"“ ""1 lmpoiWha- dPPDrnPd the national conspic~ ttipital issues there have been no “up”: we “am are F?" to come‘ l.‘ ' .' i  l" silt-intuit 1.. .. .. . AP-iTORONTO 5.40 P. M. Dally 
     
     . itl n m ts l"l‘ been K458000000 - - 4 - . l1 lllli l-lll ‘Iu o; l l- . . l- tlil. Itfllllllllnll t..i 
     
     thtttibtilrrl In IIIVPiIOPRlsIhP estnb-l n;l|‘ .,_l n‘ ll‘ .v llw-Oi  llLl'~ll(‘.~»S and hcllaecl to confirm Can- iinportantCnnndlt-tn r-tiiissitins in tht~ ‘m v. ' “h p p“ m“? ‘Yspau . MW" """"'.' ‘"011 "\\'-- lii-i ..| - ‘ 
     
     ll l‘l“‘i‘\z tit‘ Siuciiritit-s Dt-p:iiIiiit-ii'.~ vvfre  znulle Lhlsllll  “l;   tun. plat-om tht-tvorlrl. lvlyhopc and Lrnrlrin market during the vent". and osrlwlllllllallellgl. Cziflgllmfig “Tmlh “r ""| m n l l lll_‘.'_“l'l'_'l‘ll" ‘_'l'_‘l‘ {Ill-flirt HI ti. tIIII-iiis iii‘ ~ - M'- (YHICAGO 1.50 A- M- nu“ 
     
     ., ~~ - 4 ' r ~- .t- .. .* . ‘ ; .. -tt" '- - ' Is - -  . 
     
     hf." the Iarurr Batik-s both hPIt‘ J00 llltl-MOl-vlvlllllvllUl Hm nmvalhm giitvtllu lihélliétalfhg’ gieat tiilteiltttiitc .ol’.\t as can he seen QIplCSGHlMCILvD-lng c g a n“ " Como ‘,'.'l'.,. l il, :\|ir\|l i iluittiiitut-t t lllll “ll lull,‘ "M": vlfllzvn‘ I _ _ 
     
     abroad. 7 icspcrit " lllli_\‘ br- trrtttertniitl [Ullllfi tvntthilv cmpllcirlttctilm apifgpklhaluoljil: ‘tltfilllnlhnplglléniesbflnq nmlmlfiipnntl " The (ma! Vamc or Calmdms field V) ‘l. - '4 mm It" i~r‘i"tl'3"-i.ll’i.‘l§iii..i"lll H“ h'“"ll"n' ’ ‘ ‘A l‘ clap- 
     
     . . t-I‘(.V(‘I‘f‘ :.tzri':\il1:":al u" ‘trrtini ' itd‘. -. 1 .' i . l _ a D “flow a 0m” o" (‘T005 1015 Y"? l5 050100100 a! "V911". I - v m ~" -~" 7 ' I . l ' '." " "~" ' l - t ‘ 
     
     Q10‘ Sliilllllw‘ DPImIlmPM mml" iiulh and Dunc": ruitpttlt lyltlvit" mgtlinlf-‘Hililélilittltxi ttgzilllzalllwin ltntittuglgy- lriilpdlncrp saflsfactogy . mm“ (or sonviisl'om'm0‘mm “nd “he? 70"“ PYWEHP. iiit- ‘ t ' - . Ill" I""'l"""‘l|5f‘ l- ' ‘it liztilwmlt I-HMFINH‘ "I - 
     
     fates the Otlrrflllolt 01' "l" B000 000i viitributvii. Pci-cnpita. Caitnda now .. » '  - - l0 ll- lmt‘ l0 00019- 0 P005 U"? 0l000lflllldticts. based on the returns for pre-H L.-...t I’  = ' 'l"' llll\'t' t-.. .i.... ~ ..“‘. “ l‘ “““'_“-" _ El) 
     
     _ v _ plntt in the British Commntiwenltli iituniion is extremely easv‘ shortl -' t - II‘ ~ - II - '“' l" "" ~“""‘ "l """""' I R CITY LIMI 
     
     Il1\'(\Sll‘ll('ll\l‘lUll$(‘ filIPXlLS and bioatl- mutt. iiiiiiti_.t_iii tho van iii ntitioiit lll Nnllnlltv dlllnlnls are ‘under 3 m. "e-l" vli ‘1005 VERY-s. may be estimated _ our " "twill" liilillriiiit tit. - i.. “WI Ini- ii....i.- .,.l.lli.iiti-i-i_ llllflll): 
     
     m“, ullrlplw-lll. l‘, ll“. l)lll)ll,_._ Loan; ll ll-itvlll-l-l nlhl()l"u:gl1 ,.olllllll.lil-.l.itrlll. ‘h; dollar value or 67m Fran": TII3\-KVS|U0,OUO.?UU. Thercflure. the Sl)0llvdl_l1ql-\r\'t|l llmllmtzllw l‘ r -lh‘_ "mlkx b": W‘ hrvnlillt ‘llllutlnlluullliu"ln-l-lllilrltl qptlvllllltrlli IN. MONTREAL 12.30 P. M» D5“, 
     
     In Bond Huuirs have reached con-l lliluvncc nilllflrlt‘. althtuigh ltlllSltlvF-v Tl“. (lollerlll Rljlmgcr.‘ ANN“ llucllvuled wllllln v9“, narrow llmllljlip°“e‘l;e° °t"f'o m! class““hlfilllL-titp-itu-ic, \\llll'|l |i.- i"... ....,,,.l,l..l,,,'ll_.,l'l."lljlfwllfjl‘ except. Sunday 
     
     sitlcialzlt: proportions. but as tht‘ “ll “(lmm- "‘"““"" l" {Mm m . . In the United States: inottntintt tzold film,$200500030“}‘Z‘,,“§,“Q}§§°"l§} ..l_.n,ll _ . _ ‘pl H“ ffj:flll'v'_""'l' "lllrervf w- iih-iu-ii l|_v tiu-I-f- Ar. TORONTO 3.30 P- M- 
     
     arc properly “lllfigllflfdfltl. they ic- I» - ~ -- ". Cllfllllllllll and Gentlemen: - inipnrtations have been unimportant runrerne ll“ llllllc '- ‘ll l l... ,I..,\" -.-‘"'_""' ',_l ,l,,.'" ' ll - "tl “'"tt_'l"tIItl tttvlrlt 
     
     l _ I h ll b‘ 1n v I tlllvll llllvo lwl-on‘ "ml lhe o“ hm _ l, ‘ . h it l _ - P0 l‘ Ill 1P PC0110!!! t‘ t ‘ _ _ V _ I lhv ltrtiuii-ss u!‘ (hi1 l 
     
     ])ll. tn. t. .ia)c is o -. The Rnflvrw‘ vv - _i r i art it in t e s tint on. althouizlitttt ll" (ll me collllll-vv .i.~l..- l , , - t- uiiu. ..t iii-iitrlvlllv "ml "m 
     
     - » -- a ctI and tenth animal balanci- slice! t. 515i cold accumulation has not been ' 
     
    
   
   
    
     ~"-I\Il-'~~-'1~I‘t-~-t.tIi--I|<. III- ‘It liI|4I\\ll thiii i-tir |Il'l‘\lt|l'IlI 
     
    
   
   
    
     ‘Take 
     
    
   
   
    
     i-II - ~ i - : ~‘ ‘u ll itti nli-llulitt-il. itiitl l ~ 
     
    
   
   
    
     'I"."r~ 1171"‘ uI 2\$‘.l'lt"\ll\\ll't‘ IS tlrl l, . l_ v _ vv v v l ol the Bank. .u*t~d as n credit. basis to the cxtt-nt This air has a direct bearing nrtl“""_ l -. _ "'_ ' _ v ur- ll 
     
     l,” lull Cl hull“ ._ lllllldllllll," . ls iitt to sti that iailuaw-i i of creating undue inflation. A sup- the business ol our bank. for wl\ilc"_,.-.';‘,l. ..r ~l,.'.nJliliflilPlfliaafit- up»... mull‘ l . . ". l" ‘l. For RESERVATIONS, FARBS. 514'» 
     
    
   
   
    
     :1": -~:it-~ t: i I" t   . t-~ -" - ,.. - _ . , - 
     
     m “we M, mo" “g Canada. mp l v t ‘u Iflillll  comm H Iii will Vtloln t uith ctistoinllct stflllllfll portion of the sttrpluscit-dit this institution is taking its full part ‘ls ..-' ‘tllrl. ll i~_ Mr. rhitirtuiiii, I|_\'ll\ll|l) ' ll ~v .i.. l'...i Apply lo 
     
    
   
   
    
     Icortilogiciil (‘filldllltllls vaiv. as i.l , 
     
    

    
     lhc past seas-on. yct (lcrelaitc a t-tml ‘ ’ T 
     
    

    
     wet sprlnu. which delayed FOUND" W. K. ROGERS. 
     
     ii tzood harvest was “raped. Th ' Clly Hcltet AIOM 
     
    
   
   
    
     wheat crop (it the \Vt‘:~t(‘l'll prnvitiri"= F l ' I 
     
    

    
     was (‘Oli‘l(l"!‘£lbl_\' in excess of 400» '  
     
    

    
     000.000 bushels from a seeded arm     “Qlrficglfitsl. 
     
     hull n million acres less than in i928. ‘ 
     
    

    
     In quantity this yield has been cx- - p_ w, QLAIKIN, ' 
     
    

    
     tried iinh" once -iti 1923. Alberta. t .-. < 
     
     l»  u ‘ District Panama ARM. 
     
     Chuiolilotown. 
     
    
   
   
    
     "orcd with abundant rainfall. pro- 
     
     d o itrcnt crop of wheat and oats. 
     
     "int: the whole of the IHCITHHL‘ 
     
    

    
     ‘ Jcrmci- ctrrcnl for all Canada.