" ‘

GEIITIIII. GUARDIAN

Ibis oolamn is reserved ror my. at laeal Interest, but aovertldng oi a-aaww nature may be inserted at lva eants a word, strictly pay able In advance.

OIABWIILL lo: Photographs. CONIIDIBATION hiri- In SUIANCI.

TIE FIT-BIT! Shoe Company

Ltd. for all types of footwear.

SKI PABKAS and Curling _Coats

a Jack Cameron's. "The Story im- en.

ALL CIIIIBTMAS GIFTS Wrap- ped Free at Crochet-Vs Jewellery. Kent Street.

MISS, ‘MADELINE tLUMMIE) COSTELLO has Joined the staff of the Kent Beauty Shqppe.

ALBOLOCK ASPHALT SHING- LES just received car Brantford

Asphalt Shingles. Fennell dz g Chandler. z . CHIILDREN’? AID SOCIETY annua meet ng next Frid y 1 Better Engtlsh night. 8 o'clock ln City Countiil z n. c. wuulm. Chambers. - invited. : NQTIUE T0 ADVIITISEIS-5

i, \i'.hat Ls wrong with this sen- teiitc‘ "Mr. Allen gave these books to John and myself."

g \\‘h;it is the correct pronunc- jatign of "CFC"?

1; which one of these words is misspelled? Souvenere. atmosphere. iiiterlere.

4 \\'hat does the word "avarice" mcau?

;._ What is a word beginnir-t; with iii) that means "no longer in m’?

ANSWERS _

l Say, "Mr. Allen gave these books io~.lohn and me" 2. Pro- iioimce ar. a as in care. 3. Souvenir. 4. (lreodiness after wealth. "The lust oi avarice has so seized up"! markilld. that their wealth seems iaiiioi- to possess them than they possess their wealh."-Pllny. 5. Ob- soiclc.

in lilieemoriom

JOYCE MARIE MURPHY

0n ‘rhurrday. October 17. 1N5. the angel of death visited the homo of Mr_ and Mrs. Walter Murphy. Qouth Granville and claimed their littla daughter Joyce Marie at the early

. age of eleven months and c1811!

days. '

Joyce,,who was suffering from a spine condition since birth. entered the Children's Hospital at Halifax iii itlarch and bright hopes were held for her recovery. But despite the best of medical skill nothina could be done for her and she re- turned home a week later. She was a bright. lovable child and is sadly missed in the home where beside! her parents she leaves one little sister Laurene.

llcr funeral was held from her parents home on Friday morning, October 18th to St. Ann's Church. l-lope River, With interment in the church cemetery.

She was only a little white rose bud 1t dcai- little flower from birth

coil took her home to heaven Before she was soiled on earth.

Gard oi Thanks

.\lr. {illd Mrs. Walter Murphy. wishes to thank their many friends and neighbours for the acts of kind- ntu the Letters and Cards of Sym- pathy during the illness and death of their little daughter, Joyce Marie.

In Momoriasn

In loving memory of our dear Grandfather Janna E. Collins, who blind away November 26. 1M8

A vhmfnl Indie, a heart of gold

The dearest friend the world could hold-

lhrny mednorles fond aria true those who thought the world i3 Y0!-

l-"illly Ieaasnbsrad by Illa Grandchildren Iaynaond, Georgia and Mary.

ln Memos-lam

h ‘Willi emory of our dear Ililiher. Mrs. Benjamin C. Doug-

"lw Passed u. the areas r701"! November 26th. nineteen Iliad and twenty.

In Memos-loan

l" "W! and-loving umary of KINTIUI-D L. WAIT!‘ n _ . o Neveiboril. Ill. “n, fill-r Ihlrdshadowa nu

- In l-ovlng

Death is o heartache Some may forgot ltlm

In llosnorlam g

Ml. THOMAS HOGAN

who passed owtiy NOVIMIER 25, i934. . Memories are indium no one eon steel,

lat wa will ramanbsr. l! matter how long.

All advertisements to appear in Guardian must be in office b! tinon of dav previous to lnse or ‘n ‘en-SUN publication

EXHIBITION of Oil Paintings. l-larria Art Gallery. by Katherine Murchison; afternoons of Tuesday, November 26th to Friday. Evenings Tuesday and Saturday.

BOOK 0F KNOWLEDGE — Educate your child. It Pays. Write R. ll. Bousiieid. Head 0f~ flee Representative. o/o Genera. Delivery. Charlottetown.

CITY POLICE COURT-PA‘. the City Police Court on Saturday morning the accused in o Pro- hltbiilon case was fined $100 and costs or two months. Two drunks were each fined $10 and costs or 20 days. A third drunk was re- manded untll tomorrow.

Y.M.C.A. BASKETBALL —Bask- otboll periods loi- Y.M.C.A. older My!’ 8Y0“?! are being conducted at Prince of Wales College. Drill in basketball fundamentals and scrimmage will be the prluolpal features of the classes. Under Mr Scantlebury’; direction, interest in Y.M.O.A. basketball will be main- tained for future development in ‘he new building.

MARITIME Y.M.U.A. SECRE- TARIES CONFER. — Secretaries of the Y.M.C.A.s throughout the Mar- itime Provinces are holding their annual conference at Moricton over the weekend. J. Hartley Fow- ler and Nelson McEWen of the National Council staff will be pres- sent to take art in the conference program. Oi cers of the Maritime Secretaries‘ Association are Pres- ident? JA. McConnell of Char- lottetown, Slice-President. PJ-I Henson of Sydney‘. Secretary- rreasurer. Murray Corbett of Hall- fax.

NEW POI-IO CASES — Three new polio cases were reported last Saturday with one fatality, a 14- year-old King's County boy. The other cases are a 38-year-old wom- an in King's County and a six- year-old girl in Charlottetown. This mabes the third polio case to have occurred with the city during the last few months. Public Health of- ficials said last night that the polio epidemic is definitely over but that there may be a few cases even dur- ing t winter months. According to stat ts of the Department oi Public Health and Welfare. there hava been a0 polio cases in the Province this year with l4 suc- cumbing to the disease.

Personals Ni‘. l. C. Ma-‘cbhneraon has as aumed duty as Press Relations Oi’ flcer of the CPR. at saint John

N3.

Mr. and Mrs Wallace MaoKny of Stanley Bridge left on Friday morning for Boston where they will visit their daughters, Florence and Eleanor. and Wallace's siatem,

Jean and Alberta.

Mr. Sherman Stewart of the local branch of the Provincial Bank of Canada leaves this morning for Toronto, where he has accepted a position in a large commercial firm. Mrs. Stewart will join her husband in Toronto later.

AMONG OLDEST MATERIALS Oll W; from the Pttttll is one oi the oldest materials known to mankln

Memory of

nothing con ltaol, new Its ls pone, '

inserted by. Family.

Bank 0f Montreal Gives Story 0f 1946 Operations

modern trend in bank statements which it initiated s year ago, the Bank of Montreal today published its annual report covering finan-

l.il00.000 customers in the form of a well-illustrated and readily- undemtandable story of 104d oper- ations.

The story. told simply and clear-

poslt figures, all-time high re- sources and an indication of the general prosperity of Canadians during the year._As the Bank of Montreal puts it, the annual state- ment shows the "Human Facts Bo- hlnd the Figures" in examples of

up the statistics of a record year of financial operation.

In many ways, Canada's senior financial institu-

lst the Bank of Montreal. for instance. now stands at 31.736.000.000. tho

than 8100000000 above the figure of last year. While indicating that Canadians venerally are better of! financially than they have been hr "t number of vears. the 58mg in- crease nrovldcs reassuring proof that the citizens of the nation arc themselves wiselv safeguarding atzainst runaway inflation through their personal financing.

Assets at Peak -

of Montreal has in resources to

st .843 0M Mil-tho assets figure in the the bank, Included with the fig- ures contained under this Ite-odlug are explanations. rzunwe. of the various items of the Rank of Montreal's balance sheet

largest

resources are of particular inlel" Psi lust now, since they indicate a trend away from wartime fin- anclriq measures towards more

neilcctlmr- operation. For one thin!!- mmmercinl and other vans have tumor-d from 82302641300 ill" "l $10ltill000n during the year; while at the same time. holding of’ bonds. debentures and stocks-other than ‘zrivcrnment and other public rec- urillcs-Kre shown at $58.022.000. This flrzurn represents lo some ex- leni the extension of credit to in- dlwtfinl enternclses for reconver- slon from wartime to peacetime Wrnflucitlnn. and foi- exparullon of ni-nductivc facilities in established fields The bank's main invest- ments are. of course. still in hlnh- vrad- government bonds and other nuhlic securities which nrvw stand at well over a billion dollars.

These fizurcs clearly demoM-lrate thr- trend away from co‘n.'li'ions which r-visted rliirimz the war WMn much of the financing of ‘ndua- trial nroiecta was done through the use of uovernrnent funds. and the unit-w towards norm-‘l condition! lu which r-rlvnte husmcss ("min- olnrr is dnnc- through the facilitied of the charatered banks. ,

The statement shows that the arpiiiar proportion of all the bank's assets ia,ln the 1'0"“ 0| "liquid resourcen-W-cash and (“ll loans. or securities which can b0 converted into cash quickly Md easily. Total liquid resources of the Bank of Montreal MW "l?" l9 atsosuzszmio. as compared with $1,484.15” 000 a 3'05"‘ BS0-

Wlflg Use of Facilities

Illustrations accomlilllvilil! n" annual statement show how burl- n", fltfmg, pfivlle citizens and covernmenla use the manY film‘ lites of the bank not only to de- posit their mony for safekeeping. but to borrow for the financing 0f new enterprises, tho relflir ""1 construction of homes. and Y0!‘ municipal and farm improvement!

A, “fight i... v-xuected, with the largely expanded operations of the iirriir during the vast‘ we“ ill; profit figures are subetantla .v above those of a 3'9"‘ l" ‘no R ta understood that. in addition to lhn increased volume of blHiMlI- a factor affecting profits its cerésin abnormal revenucs accruing 1T‘ ‘W. the period tinder review.

The statement "hm" “""'m' flu.‘- mxpg o! 14.431782. an 00m" M,“ with {2334681 last year After mvment of dividend! to that" who have invested their money in Bank of ~Montroal shares an "mo..." of gtosflfm was added to me My“; In profit and lean ac; rnunl, with made a balance o cinemas, from which a tHYiINI‘ of ashroooo with made to thc Re- glfvi‘ Fund which now stand.- at elongation.“ part of the share- holrlovs- fimrls amountlnfi i0 579-‘ aroma. rm. figure is rmde no of mow-v subscribed by "l9 "1"" ‘holders who own the bank and t» some extant. of prollil Wllif-"i from time to time-as this yell“- hwe been ploughed back into til‘! humn," in shtnnTlllflfl tho banks pnqlfiofl and to provide added protection for fllfl deposit-o =~

at smite. SPIAIIIS '

s. Muscular mus

MONTREAL — Maintaining the ,

clal transactions with more than .

ly. is one of record-breaking de- ‘

individual transactions that, make ' this report of ' tlon reflects conditions as tbfiy ex- .

in Canada today. Deposits in ~

highest in its history and more -

Tntal assets. or “What thé Bank meet its obligations" now stand at '

l29-vear history ol’_ in simple lan-.

Two items contained in the total ‘

standard financial armngementa of _

THE»

.__. ..,._

/ “d Merchants. b-ol:::,'f,,,,. rvpkbfizredvtvqa lot 05 "M"

r68 f these from the B 0"‘ o” o

‘ha Forces. V" d,“ small wholtlll‘ '_ e Lacking the“ obmmd a

came to ahead h 5'0‘ running

Homo“, llttls business.

‘ wqfitable

Thousand} °l l n “no. bil “ma” '

industry. tioo and H"

other

. . v a

ITS OBLIGATIONS

busiM" “l”

M loans

ta empiflrifl“

which have a ready market.

to Provincial and Municipal Governme These loans now amount to .

ARLOTFEFOWN m GUARDIAN

B of M Personal Loans helped

no less than 157,010 people during the past year-people like Mr. A. L. T., who needed money to help himfinish con- structing his own home. He gor three B of M Personal Loans, totalling mokg than $600. over a period of l8 months, and he has paid them oft’ regularly in monthly instalments. Now his hogs is in fine shape and the loans are repaid. Interest cost of loans: $52.53.

Over 500 people from every walk of life come to the B of M every business day to borrow for personal needs.

Ill!‘ TIE I of I Ill ll IIESWIBES T0 MEET ITS lIlLlilTllllSi

CASH . . . The B of M has cash in its vaults and money on deposit

dome people are inclined its fundamentals, it is no

dealing in goods, your money . . . money which

million people have placed to one and three-quarter

This money doesn't stand idle . . . it

works to earn its keep.

d aha, _ --_ .-...____._.... .. --,

Farmers all across the Dom]. xxx-n use the ofM to fifllnce w’ needs in buyin‘ "my cattle and iIllChinery_i5 “mfmns "WW-and in h... ' Pftfvlngtheirlarma “mun” Zhurneans more proapemu; b_ min; communities - and A55" '5"°'1"ll‘ll produc. hi?“ ‘o m." '5' “flout needs ° ‘PMIFY world. Typical of ‘h... “Hhnd farmers is Mr. R. B. l. wh wanted to clesrsnd hrekk o acres on his farm. Th '- would cost 152$, bu: b): ready cash amoungqd m on, $11!. With the aid Ola a g] M “m imwmillcot loan o! ‘mo’ h‘ m-Plfltd the jol :1: has camgduib], in. ased the pfgdqcdon u‘ Profit: from his mm,

DEPOSITS: While

i

BANK or MONTREAL i

WORKINO WITH CANADIANSHN EVERY WALK OF [IFE SINCE I017.

Bmxmo is not the mysterious 5min”;

than any other type of business. The chief difictcnce is that, instead of

to you and to the many other Canadian; who deposit their funds with the bank.

At the B of M, for instance, well over a

T mlmldmlitl i, - mm "d - vaerltsidscstrsflfg: I ofM is constantly landing "m"! for under-gun‘. d“. benefit the whole wmmum-W :13: thehtsase of an OflQQfiQ "wit. :wl-lf.—fl7 Pay for a _ syn: _ nllragdebe .....,,,,,§,',,,,,}f,"' U0 ‘$05,000. The Bank o‘ . manual bought (s; of d" " f m" °i 3134.000. 351th u now hair,‘ u,“ by u l “ml " m 9911191“: the u“, muldlflllties use dag so: wlfltilities to finance ... :1?" _ ladle their fiaandg "lflllmons generally.

AVIIIT TIE I of I OWE! T0 IITIEIS:

This is why, as you will seehere, some of the dollars left at the B of M are lent to merchants, businessmen and manufac- turers to assist them in their operations‘ while other! are used to finance the needs of governments. Some enable farmers to improve their farms, buy machinery and market crops. Many others go out to help citizens in their day-to-day financing — la meeting emergencies and in taking ldVlllUBC 0f up‘ ' la

‘The sum total of all these transactions makes interesting reading, account of the figur because of the h

to think it. ln more complex

bank deals in

belongs mainly

on deposit close billion dollars.

At the close of the B of M's business year, it seems a good thing for these dollars to show what they have been doing and for the Bank to report on the trans- actions which it has undertaken for its customers from % I i

r _------_---,..-_.----¢oaq

If’ you are a B of M depositor; i

then it may be your money

which assisted Mr. P. R. B.

to buy hit bakery-which

helped Mr. A. L '1'. finish constructing his home- which enabled Farmer R. I.‘

L. to make his farm more pro-

i Stable-rind which helped finance the new sewage sync um for the Ontario town; Thatworkiog money of yours ls part oi‘ 31.700.000.000 which well over a miiiicl Canadians have deposited 11' 498 B oiM branches from coast to coast. Each one of the 1,531,658 B ofhf deposit accounts is an expression ol- trusr in Canada's first-estab- lished bank, which has been working with Canadians in ovenwllkofiifeforll9years.

Is-

.4

"9'!’

~

rchaots,

may business firms, manufa

with the Bank of Canada amounting to . . . . . .. S i92,6e7,i53.2l slrxegleatgi typed: ‘II-iaxploasrge "0"" in m: ‘mm o‘ not“ of, dvqu.“ o?’ ‘yd icpofim with» YUJSLZSLZ‘ I gfilkulfsfiedcslggzlslff- moi-re th-m l. mlfhot‘. pnav‘woauzaen‘laThf ‘l|736o2l1,708.$’ _ IANK NOTES: B cl M bills in circulation, which are payable oa INVESTMENTS: The B o! M has well over one billionvclollars in- Pmfimlumi ‘mum "K ' ' ' _ - t - ' _ ' t _ ~ 5512-79759 vested in high-grade government bonds and other public securities. on“. _“‘||u""= Mllflulllw“! "m". "Pmmulll ml"!!! - - commitments undertaken by the Bank on behalf of customers Listed on the Banks books atafigun l." the.‘ ‘ i d d m u. u d u“ a. u“. no! pram than iluir mute! 1/1110’, they amount to . . . l,099,728,j32.l1 ‘zldiéfigfg? .m_ i) u. c _ '_' ‘ ‘f m?‘ ‘to . m3. zhoosjai,‘ The B of M has other bonds, debentures and stocks, representing TOTAL OI WHAT THE B of M OWES HS DEPOSITORS V to some extent the extension of credit to industrial mterpriscs for AND OTHERS . i . . . . . . . . . . . 1.7647330!” m. aversion from wartime to peacetime production. and for ex- TO PAY ALL IT OWES, THE H of HAS TOTAL RE- pansion of productive facilities in established fields. Valued at 5QURCES. A5 5HOWN 0N THE 151T SIDE OF THIS so mouths tbs main prim, they amount to . . . . . $6,021,926.41 sT-ATEMENT: AMouNTlNs To - - - - _ - ‘_ - - 1.843.985.5940 _ WHICH MEANS THAT THE B fM HAS RESOURCES, 641l- l_-°Alll-' ‘Ii-w B of M)“: m" Iowa vhidi m Mir Prowl“! oven AND aaovs WHAT rr cgwes, AMOUNTING "r0 a vstzsitzasor by quickly saleable securities. These loans amount to . . . 59,39l,558.l9 _ 1 This figure of $79,156,318! is made up of money subscribed by the shareholders QUICKLY IVMLAILI IISOURCII: The resources listed above. who own the Bank and, to some extent, of profits which have from time to time all of which can quickly be turned into cash, cover 85.35% of all ploughed back into the business to broaden the Bank's services. that the Bank owes to the public. These "quirk assets" amount to JLSOSJBBAOLZI e i. I PROFITS: After making provision for contingencies, for deprecia- 1~~==.w"-= a. aw» a d~i=~ "t" b» -=~»- as: fr: .'*:'-‘"i'-»'"":i"':i,:'::.:r‘t'"n:..s=ttzftii f? §“=:"=;*d.-*,;"=*".-'"*' §"'°°‘P§jffcfi§;_*"§f“';f;"m°‘ 611'; 1.... 1938-46) r...i......i.. m... ended on... Slat, i946 s 1636mm): nan,’ ltlirrklbirrlrxzesn atfidlklautrchss-f t: citizens in all walks of life, and I Pmvifio“ f“ Income “d Ext“ Prom’ Tl“: ' l’ ° ' ‘ 5’776‘00o‘0o and School Districts. Leaving a net profit of . . . . . . . . ' . . 4,487,782.91. u a . . . . . . . 50l.6,59._9_74-4§ 0f this amount, shareholders (paid dividends at the tateof B0 cents , a year. plus an extra distribution of l) cents, for ach dlo-shara ' IANR Illll-IIIIOI: In hamlets, villages, towns and large citia °f d" Bmk) mdvd o‘ "lhmi" ' ' ' r ' ~ t 3420-00050 i from mast to coast theB of M serves its customers at wtlcffices. n,“ we n" mo“; m be “Med ,0 m, 5.1m“ of 9,05,, {mm . The value of the buildings owned by the Bank, together with fur- _ >_ 4 pruious ygggg’ Qpgggfiung i; _ _ _ , _ _ , _ _ 5057,7319} niture and equipmenhisshown on its books at . . . . . 10.575.668.19 gain,“ in ‘h; pmg; m3 1,0,, Mm“; l; 0,305“ 315;’ 194g, mounted to . a a a . . . . . . . . . _ 5,l88.S02.90 OTHII ASIITI: These chiefly represen liabilities of customers 4,256 28,81 for ‘commitments made by the Bank on their behalf, covering Transferred to Reserve Fund, which now amounts to $42,000,000 , foreign and domestic trade transactions, totalling $21,555,611». 255L625.” mg i, mind“; in u" ghggghgldggg‘ fund, of 57935695131 ~i—-——— mentioned above . . . . . . . . s . . . 3,000,000.0i TOTAL REWURCES WHICH T"! B ‘if M HAS To MEET Leaving a balance in the Profit and Loss Account at October 51st, . . . . - . . . . ‘LBGSSSLSBTJO 1946, l! . . . a . . . - . . . . . . 1,256,285.81