~ PAGE TEN i

' I95’.

;__TH_E__GUAI_{_DIA_N. giyigorrsrowu

JANUARYJ6. 1949

llariiiay I lieu:

‘Mr. Louis Carroll. Baltic. is a. patient in the P. E. I. Hospital. Charlottetown.

Mrs. Wm. J. Paynter, Boiling- ton, is visiting her sister, Mrs. Wm. Cousins, Darnley.

i

Miss Edith Cousins, Darnley. was a week~end visitor to Sesvlew, the guest of Miss Joyce MacKay.

Miss Merle Crozier, teacher at Irishtown School, spent the week- end at her home in Darnley.

Mr. Theo. Crozier. student of Prince of Wales College. Charlotte- town, spent the week-end at his home in Darnley.

Mrs. James Cousins. Baltic. is spending some time in Summerside with her daughter. Mrs. Borden Connell who is ill.

Rev. James Cross conducted iii-ay- er meeting in the Baltic School house on Wednesday evcning. There was a good attendance.

Mr, and Mrs. Chas. Hickey. ltarn- entertained a number of friends and neighbors on Friday evening to ten tables of progressive auction. Mr. Earl BlacKey and Mrs. Gordon (foi ins won first prizes, while l\lrs. .Z\l’i Tilacliay and Mr. Jas. Murphy‘ won li‘t" consul-i- tions. l.un"li wan served by host- ess. assisted hy lndirs. Proceeds in

Piusville and . Vicinity

Mr. and Mrs. Norbert Corcoraii motored to Summerslde last week.

Mr. Keir Murray was a business visitor to Summer-side last week.

Miss Marie Corcoran, teacher of 8t. Lawrence School. spent the week-end at her home here.

Mr. Ben Kinch spent Sunday with his parents. Mr. and Mrs. Benedick Kinch, Brockton.

On Tuesday everiink a very en- joyable dancing party was held at the home oi.’ Mrs. Elizabeth Gallant.

-—Congratulatloiis to Mr. and Mrs. Joey Gallant on the birth of a daughter in tiie Western Hospi- tal. Albcrton.

Mr. Gerald Hardy. Summcrsiiie, Spent the wreck-end with his parents. Mr. and Mrs. Jzicob Hardy, Rose-bank.

Mr. Dolore Gallant has return- ed to Freetown alter spending the iveek-end with his parents. .\lr, and Mrs. Phillip Gallant.

Mr. Ralph Hardy motored from Siimnierside to spend Sunday with his parents. Mr. and fvlrs. Jacob

aid of Darnlcy Vi’. l

A card party. sponsored hv the "Hall Committee". was held in Seavieiv llall Fridtiy evening. Mr. John Murphy winning the gents‘ 1st prize, and Mr. Andre": Bryrntton ‘playing as a laid) i, wi-iniuz ladies’ first priic. Mr. Asnnli Blakeney. gents‘ consolation. Mr. Amos Ad- ams (playing as a iadyl ladfes‘ con- solation. Lunch ivris sewed by the ladies in charge. Proceeds in aid of hsrll.

The homo of lilr. and Mrs. Roy \Voodside was the scene of a large number of friciitls and relatives who gathered to honor Miss Edythe

'l~o was one of thr- sea- Thc living room vszis prcttily dororawwl in civil‘ white streamers and colored bal- loons. A pretty decorated chair oc- cupied a corner of the room where a nicely formed archway was artis- tically rirrvrzcil. Thc ziicsl of honor was crccricri in by her sister (Aniirit Mrs. Ralph lldwards, 04in took her place hcridc the bride. The many and inrious gifts wcre car- ried ill a gully trimmed brisket by Georgie Lockliart and Mary Mac- Niitt. This ilflSiiDt had to be re~ filled several times. The parcels were opened by Mary Bcaristn 871-1 Dorothy Henderson and the names of the donors and good uishcs were read by Mrs. l". W, Donald. 'l‘hr~ gifts consisted of silver, and vhinawrirc. lincn. bedding, and iliiiCr housekreiling necessities be-, sides a largo iiumbcr of envelopes. l-lzlyihe in i gracious manner ex- pressed her thanks and apprecia- tion to all for their kindness at this time. All joined in singing "For She's A Jolly Cood Fellow". The i-rmuirirler o.‘ the evening wan pleasantly spent in games and a “curly F" --<<‘-l\;: of old favorites with .\lrs. Frank Bearisto leading at

Mo!

Hardy. Rosebank.

M155 Hazel Corcoran. teacher oi Mill River East. spent the week- end with her parents, Mr. and .\'lrs. J. J. Corcoran.

Th» Misses Rose. Ruby and Eleanor Reeves. Freetoun. were Sunday guests of Mr. and Mrs. Jacob Hardy and family. Ruse- bank.

Mrs. Angeline Baticliarci l1a> re- turned from Stimmcrside, iilicrc she spent an PILIONfDIG two weeks visit with her slstcr-in-laiv. .\lrs. Mary Peters.

Orville Dalton. lvlr. Lance Dalton and daughter. Mary Patricia. worr- Sundriy visitors at the home of .\ir. and Mrs. Am- brose Corcoran.

The majority of children are confined to their hotncs with measles. \\'r' hope they will soon he sufficiently rc- covcrcd to return to school.

Mrs.

the school

Mrs. Lance Daton daughter. Dolores Anne. has re- turned to her home in Burton, Lot 7- after spending a fc\v'tl:i_vs irith her parents. Mr. and .\'lrs. Ambrose Corcoran.

with her

Mr. Eric Gallant has returned to his work at the Provincial San~ atorium, Charlottetown, aftcr spending his Christmas iacation at the home of his parents, Mr. arid Mrs. Philip Gallant.

the piono.- A delicious lunch was served by the hostess. assisted bv some of the ladies. At a late hour kind “good-nighis“ were said after wishing the bride-io-bo many ycars of wedded bliss.

How many things made of 64/01/2111!!! can 19g see in a kitchen?

i-‘WELLJ’ you say, ‘ the kitchen.”

Right! The more

kitchen, the more aluminum you will see. For aluminum is the modern metal. It has so many advantages. It is light, strong, good-looking, will not rust. No wonder more and more people want more and more things

made of it.

Not only things for the kitchen. In fact, more than 1,000 Canadian

ALUMINUM COMPANY OF CANADA,

Kinlioro and Vicinity

Miss Mary Murtagh has taken up her duties as teacher of New- ton School.

Miss Elizabeth McKenna visit- ed her sister, Mrs. Ellsworth Bassett. Albany.

Messrs. Wilfred Trainer Francis McKenna were visitors to the City.

and recent

Many friends of Mr. P. 1... Morris rcgrci. to learn of his illness and hope for a speedy recovery.

Miss Noreen Shreenan. Kiiikora. has also resumed her duties as teacher of Fcrnivood School.

Mr. Charles Atclvor. Siitnmpr- side. made a business trip to Kinkora and‘ vicinity on Monday.

The many friends of .\ir. Frank Greenaii regret to learn of his recent illness and wish liitn a spot-fly recovery. Mr. Emmett Murphy. hluiitreal, spent Neiv Year's with his wife and son, also his father. John .\i. Min-phi". Kinkora. Mr. Borden Greeiiati returned home last week alter spending a few pleasant uceks visiting rclut- Ives and friends in Toronto.

Mi». EiiYfliiPiii Smith and Flor- ence McKemia anti Jackie Mulli- gan, Ncivton. resumed their Grade Xl studies at Kiiikora High School. Mr. blmmei; 'l‘raiiior. and MFCICIIIIP Grcenaii. Neiiwii. have resumed their dulics as icacltcrs o.’ Emerald High School

Kiiikora-

liirs. John Grcetiazi and dauchtcr hladellnc have returned home after spending Christmas and New ifvar": with l‘(‘i3'l\'t‘.~. lll Toronto.

Miss Teresa .\i(lK(‘llllfl lcit Moti- day morning for Monctoii. She was accompanied as far as Sackvillr: by her sister, Eliirahcth also Phyllis Farmer, Klnkora.

.\li:s Georgina Greonati. nurse- llrtraiuluz at the Charlottctoivli Hospital, spent New Year's ivcck- end at thc home of hcr parents. Mr. and Mrs. John Grcciian.

Nliss Dorothy" Smltli. Newton. and Miss Catherine liiorris and liiarjorie Roberts, Kinkorti- llUISes- iii-taining in Charlottetown Hospi- lfll. spent Christmas at their homes.

Mr. and Airs. Friar CYCl-illlcl and little dziuglitcr Joan have rc- turlied to their home in Souris after a iery pleasant visit with Mrs, Creanicrls parents, Mr. and Mrs. Joseph Trainer".

FINANCIAL STATEMENT

PRINCE EDWARD lgLAND MUTUAL FIRE‘ INSURANCE ‘ COMPANY . -

BALANCE SHEET December 31st. i948

INCOME Net Premiums collected Net Interest collected Profit oti sale of Securities

339305.15 0,704.67 452.18

0

Total laconic EXPENSE

Agents‘ Commission Losses incurred Inspection costs Administration Expenses

$13,945.30 47,118.98 462.90 11.05313 Total Expenses 372.5013 NET INCOME PYt-Vlslfln for Income

$26.84 1.87 9 .220 .76

T...‘

Surplus for the year ASSETS

(‘ash on hand and in Batik Premium Notes Receivable Agents Accounts . Dominion. Provincial and Municipal Bonds . . . hiorigages and other Securities Accrued Interest on Securities

690.50 474.16 890.51

216,345.11 68.3813! 982.29

$287,783.98 LIABILYIIES

Bank Overdraft Unpaid Loss claims liicomc ‘Fax Mivaiicn Payment

S 2,030.44

.. . 150.00 $9229.76 $2352.25 6,867.51

S 9,056.05

260,195.10 17,611.91

December 31st, 1047 Net Assets . . ilctcmber 3l~:t., i948, Surplus .

$287 [T0196

AUDITOR'S REPORT

We liaic audited the records of the Prince Edward Mutual 1-‘.re insurance Company for the year ended Decembr 31st,, i948. and verifmd the cash and bank balances and securities:

A1.- riil itisuraitce is on the premium note plan, the reserve for llll(ll.l'll€(i premiums described in section 68 M) of The In- surance Act is not required;

We have cxziniincd the reserve for unpaid claims and in our 0Dlliitll ii. is adequate;

we have verified the balances owing by agents and on prem-, iiini note-i

‘Flze Balance by Lhr Insurance Act from being

filed thereunder",

the foregoing comments, in our opinion, and ormatlon, and the explanations 5,. _ _ V heet setsforth fairly and truly the mite of affairs of the Prince Edward Island Mutual Fire In- surance Company as at December 31st,. 1948:

.'\ll tramnctloiis of the Company that hziic come Wllllifl 0W’ ttutlcc have been ivitliin its powers. Cliarlottetuuii, P.E.l.

January 14th., 1949

Sheet docs not include as 8.681s items prohibited sboim in the annual statements

H. R. Doane and Ocmpany Chartered Accountants

TO: THE POLICY HOLDERS OF PRINCE EDWARD ISLAND MUTUAL FIRE INSURANCE COMPANY

Yo Directors wish to submit the Eighth Financial Statement. of the amalgamated Companies for the year ending the Thirty-first,

Messrs. Lornc Trtiinor. Louis Slirecnan, Ray McCari-ellc. J. D. McCarville. Allison Farmer. Albaii Smith. Arnold and Ronald Aiclvor, Gmfge Keefe, Margaret Mulligan and Catherine Keefe Iinve return- ed to St. Dutistans College alter spending very enjoyable holidays with their parents.

‘it depends on

day of Ucccnibcr, A. D.. 1948.

ll l-Ilcre were no amalgamation this would bc the Sixty-fifth year Prince Eiiiiilltd Island Agricultural Mutual Fire Insurance Company ivas n: operation and the Fiftletx year the original Prince Edward Is- land Mutual Fire insurance CD1 pany would be iii operation.

The um premium income loi- the year amounts to $89,205.15. This amount is ilze largest premium inccme in the history of the Company. If a survey of the Financial Statement of this Company were made n. ivoiild be seen that for the last. number of years the Company has been iticreaslng its business each year, which shows conclusively that

mend hero's why aluminum is so useful-

firms-are shaping aluminum into

products as big as railway cars, as

modern the

small as hair curlers

All this means a lot of work for Canadians. There are 15,000 people on the Alcan payroll. Then, too, there are all the fifty-odd thousand people who make the thousand- and-oiie aluminum articles which

Aluminum new unto

.2’

lighter lo use

you see iii the stores.

Praline" and Processors of Aluminum for Cllililion Industry and World Markets

Yes, aluminum means a lot to you and to Canada!

Needs no poinl

Always looks smut

Neale qulelily, "only

liwisvilllsl l

in an loin, today 0| tomorrow. no an lint; to lad aluminum dusk will‘. garden teehfllgbt,

covers or vests. vseuuas ele

stisebaaota, bomb mm

_St. Marybilhurchi

the people on this Island have confidence in the affairs

The premium income of the Company has trebled years. ‘

The amount of Interest. collected as current revenue for the year is $9,104.87. This amount is three times the amount which was collected tm years ago.

Our Assets are in a liquid form and are entered in our Balance Sheet. at. their fsce value. If our total Assets were liquidated the amount received-would be a considerable amount more than the value at which the assets are listed on the Balance Sheet.

Our total Investments amount to l284.'l28.56. This amount is divided as follows:- . .

Dominion. Provincial and Municipal Bonds 4216.35.17

Mortgages and other Securities 8 68,301.80

‘Iihe accrued interest on securities mounts to $5,208.00. In our opinionthis amount is readily collectable. In our Balance Sheet, this item 1s carried at $082.29, so that you will see that the Company is in a very sound financial position.

The losses foi- the year amount to $47,118.98. This BWXIIS to a little less than 53 per cent of our premium income.

The following is an analysis of the losses that we paid for the year 1946:-

Rural or Farm risks Garages . Mills

Urban Losses Stores

And the balance is ma e p of sundry items.

The following is an analysis of the causes of losses:- Unkngwn . . . . . . . . . . . . . . . . . . .. .

of the Company. lb the last ten

.............. .. $37,730.93 3,572.20 3,500.00 2,735.15

689.00

$13,021.03

Alberton , fi and Vicinity

Friends will regret to learn ti." Mr. Alfred Aherne has entered the Western Hospital for triat- ment.

Mrs. William Fraser and small son left on return to Montreal Thursday, "they were acoompameq as far as Bummerside by M" Frank Fraser and Lily Beth Clark

Miss Ferne Wilkie has return“ to resume her studies at Prince of Wales College after a very “my, abls week-end. here. the gum, o, her parents, Mr. and Mrs. Arm... Wllkie. .

His little school friends P, sorry to learn‘ that ‘Mute, and,

with tonsllitis. and hope h; mu be able to return to his class rcsl soon.

Faulty Stove Pipes. Faulty Over-heated Stoves . Faulty Shingles .. Suspected lncendiarlsm . Oarelessness Careless use Lightning ..................... .. ..... .... .. Using gasoline and oil in lishl-lnk And the balance by other moans. If you look into the causes of losses which are known. you will see that. about. 60 per cent of these losses could have been avoided if s periodic inspection of the bilildliiss Ind lieatiriE Equipment l! made by the insured and the necessary action is token forthwith to eliminate any potential fire hazard. . It cannot be repeated too often that fires do not happen. They caused and iii most cases by carelessness. To PTOWCI- 0w‘ Nitlwmy property. it is the duty of his capability goes, to‘ elim-

Flues and Safes and 10,300.60

6,259.00 5,005.00 3,585.00 2,700.00 2,017.87 575.00

of Barn

re afnd save useless destruction of lives and every individual to endeavour, as far as inatc any liro hazard. ‘

It. is the desire of your Directors to be able to supply l-lre Insur- am... a; the iowbst possible premium and also furnish the best ser- vice and security. The ptemiums can be reduced and the best security nmiutameq, only by reducing the number of fires. This can be done by eliminating fire hazards. ‘

This year we effected approximately now carry a total of $5,391,233.00 Ill-Wilme- of insurance we have carried. _ _

Our Assets have been increasing. Our Liabilities, by way of in- surance carried, have also been increasing. We have a large leeway between the minimum amount. required as set out in the Insurance Act and the amount of our reserve.

It is the aim of your Directors to keep the ratio between the insurance carried and the reserve in a good healthy state and also supply the necessary sci-vice at the lowest possible premium rate.

Our surplus for the ycar amounts to $26,841.67 from this we must deduct. the amount of Income Tax payable, namely $9,229.75. This leaves us. a net surplus of $17,611.91.

At. the beginning of the year our reserve amounted to 8260.19510- To this ivc add our net surplus for 1948. Therefore on the ‘Thirty-first day of December, A. D. 1948 our net reserve amounts to $277,807.01.

Your Dircctors feel that the time is not oPvWWlle _!°1' filly fl-"lllll" tion in premium rates, because as ivc increase our reserve our liabili- ties, that. is, our insurance carried also is increased. ‘Phe cost of building material and the general cost of NPB-Irilli 03/1158“! build‘ ings has greatly increased in t-he last few Yfiali T015 "W750!" m‘ previously small fire damage, so that the ratio between small dam- ages and complete loss is narrowing.

The average commission paid to the Agents amounts to about 15.0

.- - i ' ' .i_ ' pa. lliixeteiltiaeiizispdifinrrlnigiitjglim of the 00111118"? 501mm" l” “m” 11.1 pei" cent. of the income or a decrease of about. .7 Ml‘ 91"" In comparison to last. year. Your Directors view this decrease veiY "("11" ablv. especially when the cost of everything purchased is increasing. ‘Your Directors trust. that the current vw Wlll be 0 tiwméilll y"; and will again demonstrate the benefit of the co-operative prin-

' . a Insurance.

d“; “lilcsiinu223?‘gagxforiyf-liixi-teiiiyigg ‘of a felloiv Director name- ly M23; Ass. Robertson, who has been a valued member for nine years. . Mr. C-llessel Anliear of Lower Montarue was appointed i0 wmrlvle the term vacated by the death of Major Robertson.

Mr. Parkman Jenkins a former Agent of the Company is now re- fired and Alexander Robertson has been appointed in his place. Rgspectlilliy submitted this Twenty-fifth day of January, A. D.

COMMITTEE ON BEHALF ‘OF DIRECTORS

$9,696,212.00 insurance. We This is the largest amount

1940

Y.P.A, report vi-liioh indicated much interest by the young peo- ple hi church work.

Sgt. D. J. Heath reiid the report of the Badminton Club. 1t was shown that. this club was of a definite value in helping to keep the young people together.

The following officers were elected.

Wardens: James A. Connell and Geo. '1'. Clark.

Vestry: James R. Murphy. J. M. LogamE. E. Parkman, D. J. Heath. G. A. Coles, F‘. S. Mulkins, J. W. ucky, P. Wan-cm R. A. Horne. W. J. Salter, Frank Cameron. Earl Simmons.

Delegates to Diocesan Halifax: E. E. Parkman. Alternate: Miss Wands Wyatt. Delegates to D.C.S.: James Con- nell, Hank Cameron and J. M. Logan. -S.

DRUGS

Iimiual Meeting 0f

Suiiiiiiarsiile

._Ths annual meeting of St. Mary's Church. Summerside. was held Friday evening in the parish hall with a large attendance. Prior to the meeting the W. A. served g delicious supper.

Archdeacon Harrison, presided. and opened the business meetinl; with prayer. He thanked the of- ficers of the church and choir and the different organizations for their cooperation throughout the year. He also referred to the of- ficial visit of the Bishop Coadiu- tor Rt. Rev. it. l-l. Waterman and thanked the people for their N" spouse to the Bishop-s appeal.

Mr. Geo. T. Clark then read the minutes which were approved. James A. Connell submitted the Warden's Report showing that the church was in a healthy fin- sncisl condition. ln this report the warden thanked the different- woinerrs organizations for their substantial aid and expressed ap- preciation for the rectors fhithfill service.

The report of ,the Sunday School submitted by Mr. Coniiell. the Bup- erintendent was very satisfactory and mowed s lasso attendance of children.

The annual‘ report of the Wo- men's Auxiliary was read by Mrs. ll. '1‘. Tanton and indicated the great amount of work accomplish- ed for ths missions of the church.

The annual report of the Ladies’ Guild presented by Mrs. Ralph Ozon was s. most encouraging one. It showed that the ladies are do- ing an excellent work besides giv- ing $500 to the general fund and helping in many ways the various activities of tho church.

Mr. Judson Logan read the A.

Synod,

By Mail We are as hear to you as Your Mail Box

Our Mali Department fills your or! e r immediately alter it ls received. Our Dru! Store is one of the but

in the Maritime; everything ls available by aiait- - - iandlnyourro- ‘ ailments and you will gai- the some ooiirtoom asrvloo

IIIOIIIS sum "III! ‘Ibsen

es you would over our counters. Preaori are dispensed scour ely and

salt direct to you b! "- taro niali.

IIIMAN ma commit

i

Mr. John. Inman. Six, who zo- turned from the Prince coum‘, Hospital the earlier part of ths week. is now taking a three week‘; rest at the home of his dough,“ MIR. Russell Bell prim- 10 m.’ return to the hospital when, he will undergo further treatment. Mr Inman is feeling well and u ‘m, to be about as usual.

lilrs. P. A. Fitzpatrick was host. ess to the United Church Guild oi Monday evening. Mrs. E. Clow i“, the worship and Mrs. l-I. J. Pike, vicbpresldent, conducted ti“ business. Regret w“ gxmessed that the president. lVLi-s. Hot-b," Matthews was unable to be pro- senl. owing to illness. In ha; an...“ report the treasurer reported that $125.00 had been given to the germ. til expense fund of the Wllgregat- ion and $25 to the Missionary ant Maintenance IPund. A prop-m] provided by Mrs. Cedric Hum" and by Mrs. Arthur Wilkiq was greatly enjoyed. Refreshments were served by fiie hostess. ss- sisted by Mrs. John Black.

'_I‘he regular monthly meeting 1.; the Hill's River Womena institm was held on Monday (Welling it the home of Mrs. Fred Lcard, There was an attendance oi eighteen members and two visit. ors. A number of bills were pm "M94 lmd Paid. The teacher re. ported that the articles put-chard for the school kitchen ‘were “in, llvlflry- e February meeting will be at the home of Mrs. Gordon Hardy. The following committm were appointed: Lunch - My; Alvin Ashley. Mrs. Erskine wit. lace and Mrs. Robert Hardy; Bic! - Mrs. Walter Wells and Miss Florence Leard; School -_ Mrs, Walter Wells: Etitertalnmrnt ._ Mrs. James Hodgson and m“ p, beard.