IS 9

unicyan our 3

ad Meals

no Guardian. Charlottetown, Thurs. NM,

Bank Of Montreal Deposits, 1 Resources At Record Level

MONTREAL, — Record levels were reached by the Bank of Montreal in resources and de. posits for its 1958 fiscal year, the bank Wted In its 14lst annual mom yesterday.

At an, ﬁnancial year-end, on Whey 31. resources reached the $3 1-4 billion mark for the ﬁrst time in 115 history. increas-

5411 million over a year ago, to [wing the 1958 total to $3,277

million-

A new high was also shown In deposits. with a $406 million in- crease over 1957. bringing lihe total to $3.038 million.

There was little change in the B or Ms total loan figure. reflecting Canada’s recession picture of the past year. This year's $1,417 mil- uon total compares with a figure of $1.438 million in 1957.

AIDS HOUSING

In this total are included NHA loans which rose by more than 340 milion to $171,371,272, enabl- ing more Canadians to buy homes of their own.

The B of M's traditionally- su-ong liquid position was main- mned, according to the report, which shows quick assets at $1.926 milion. This represents 62.1 per cent of liabilities to the pub- lic. compared with 54.8 per cent In 1939?.

Evidence of the B of M‘s con- ﬁnuing expansion to meet the country’s growing requirements, I; found In the valuation set for bank premises. which shows I rise to $41 milibn trom $36 million me previous year.

PROFITS RISE

A net profit of $10,356,690 is mom by the statement. an in- crease of $706,998 over 1957. Total earnings—before income taxes— are $22,889,690. Provision for

Strikes Cut United Slates'

Air Services

CHICAGO (APL-A strike by flight engineers and machinists against Eastern Air Lines Mon- day left the US. air transport in- dustry with two of its major car. rietrs grounded just before the US. Thanksgiving holiday rush.

Six hundred members of the Flight Engineers International Association left their jobs at Eastern in a protes‘ against tak- ing pilot training courses, and 7,500 members of the Interna- tional Association of Machinists joined them in a sympathy walk- out.

Trans World Airlines was im- mobilized in the fourth day of a

‘ strike by TAM employees after a

. lions.

breakdown of contract negotia-

A third major carrier, Ameri-

. can Airlines, was threatened with

a strike by 1.491 .pil'ot-s, membens of the Air Line Pilots Associa- tion, in a dispute involving pay, rules and working conditions. Capital Airlines, a major oper- ation. was busy rte-establishing service after settling a strike by lA-M machinists Friday with a three-year agreement that would bring pay up 4.1 cents an hour by the third year, to $2.95 an hour.

Missing Tug Turns Up Safe

TOBERMORY, Ont. (OPT—The tug Helen M. B. steamed calmly into Tobermory harbor Monday and then promptly set out to re- trieve the scow she lost during a battering weekend storm.

Her sevemman crew was un— harmed.

The tug had been the object of I 12-hour search on Lake Huron Sunday 3 ft e r Capt. Clarence Courtemanche r a di 0 e d: “Lost scow at 3 am. Trying to save tug and crew."

Sam Creighton. harbor master of this Bruce peninsula port. said The ocean~gxoinig tutg's steering

‘ mechanism had broken down and

she had to be steered manually. Generator trouble had caused the lack of radio contact. There was no other damage.

The lost scow was spotted by l United States Coast Guard am- Dhibian plane near the mouth of South Bay on Manitoulin Island, about 30 miles across the lake from here.

Eaton Considers Plans To Assist Maritime Provs.

DETROIT-Cyrus Eaton said {Wkly he is considering plans to “Juvenate economic troubles in the Maritimes. He said he may Place industry in the Springhill, -S-, mine disaster area, but he was examining the problems of province as a whole. He had

hot considered any outright grant “0 Springhill.

The Maritime tourist industry ShOUId be increased, he said. en'se populations in the U.S. “ear the area could bring wealII

Nova Scotia. er. Eaton said he will cele- fate his 75th birthday on Dec. '7 by skiing at Pugwash, NS.

9 Was here for an address to “19 Economic Club of Detroit. K_________

TWO HURT IN TWISTER DENVER (APT _ Two per- sons were injured and 25 to 30 hoInes damaged by a small Allister that skipped across a re:- ldeﬁlial area northwest of here “5583'. High winds struck the area as Arctic air moved into C0101‘ado from the north. Gusts reached 100 miles an hour.

QUAKE HITS FRANCE

TARBES. France rAPV — An Fa rth q u a k e early Tuesday mocked down several chimneys “‘71 Wakened hundreds of people m this area near the Spanish “Tommi”. Two fairly strong shocks “9” accompanied by a loud “mblmx wise.

l I I | | I | I I ' I Silver Losses Molasses: | I I I l | I I | I

27, 1958. 15

taxes is more tha $9,191,000.

Payments to shareholders t

ed $8.904,564 - or 931528.436 0'léegsls than the bank's income tax pay— ments - leaving a balance 0‘ earnings for the year of $1.452,12t}

it last year's figure of

912,533,000—9394zooo 5

on operations of more than 750 B f; ‘- l

of M offices in C I abroad. anada a n d This amount added to 1957 u . . . ’ 11‘ divided proﬁts of 32.113.834. per— mitted a transfer of $2 million to

the bank’ rest acount. This left . 3

undivided profits at 31.565960 at

October 31. The B of M rest or ‘ '

reserve account now stands at I new high level of $120 million.

WIN m THESE

Prestd AUTOMATIC APPLIANCES

Enter The

fin/MW‘S"

MOLASSES Contest NOW!

Open to residents of Nova Scolio, New Brunswick, Prince Edward Island, and Newfoundland only.

0 THIS IS THE GRAND PRIZE:

msm AUTOMATIC TRY PAN mm AUToIIIATIc PRESSURE cooITTII msm AUTOMATIC , nuTcII OVEN msTo AUTOMATIC Gllll PRESTO AUTOMATIC SAUCE PAN

Ten more prizes! Each of NI. ten next best entries will be awarded one of these magnificent carving sets in handsome hinged case.

O HERE IS ALL YOU HAVE TO DO:

I u Ask your grocer for an entry form— or use the one in this advertisement. Write 25 words or less about who! you like but about Sllver Losses Table Molasses.

2. Write your name and address and the name of your grocer (if you win a prize he wins one tool)

3. Attach the "Tear down, twist off" tab from the Top of a package of Silver Losses Molasses or your grocer's sales slip. A reasonable facsimile of either one will do.

4. Enter as often a: you wish, but all entries must be postmarked no Inlet than midnight, December 20, I958 Mail your entries to Dominion Molasses Company, Dartmouth, N.S. This con- Iesl is open only to residents of Nova Scolia, New Brunswick, Prince Edward Island and Newfoundland, except em- ployees of Domiriion Molasses Com- pany or in advertising agency, Slan- field, Johnson Si Hill Limited.

5.“. decision of the iudgcx will be Iinul. Winners will be announced.

This Is who! I like but about

ALWAYS INSIST ON THE 931 GENUINE EXTRA-FANCY QUALITY

W J TABlE MOIASSES

Packed in the Maritime

YOU WON’T BELIEVE YO U R OWN EYES WHEN YOU SEE THE LOW, LOW PRICE TAGS ON EVERY SINGLE ITEM IN THE

STORE!

’_ Completely

ers,

list.

ALL ON SALE TO SAVE YOU

LUTHER SUGGESTIONS

Radios,

10 LB. TUE

EASY WASHER

159.974

10 CU. FT. ADMIRAL

Pump dz Timer REGULAR $229.95

SALE PRICE ‘

DEEP FREEZE

Reg. $319.95 NOW

10 CU. FT. ADMIRAL

REFRIGERATOR

299-97

m 5 ELECTRIC RANGE

214'“;

FULLY DELUXE SALE PRICE

DeLuxe A Fabuloul Saving FOR ONLY

WITH MATCHING STOOL

NON MAR TOP Now

REG. $169.95

Self Levelling Legs REG. $69.95

"GIT

Record Players, Irons,

MONEY FOR CHRISTMAS.

Open Saturday

Til-l 5.30 p.m.

N0 DOWN PYMENT “2—-

197'!

1 34"4

_: 5pc. CHROME SET '

Toast- Electric Fry Pans China Sets, Card Tables, Sweep- ers, Occasional Chairs and hun- dreds of items too numerous to

I

s

, /_ If],

at only

3 PIECE

Honey Blond Finish.

SALE PRICE

ONE LOT

FLOOR LAMPS

TRl-LAMPS AND BRIDGE LAMPS Chrome and Brass Values to $34.95

Your Choice

_ BED SPREADS

SINGLE 8: DOUBLE SIZE

— LUGGAGE SET

EOEDAR CHEST

PLATE GLASS MIRROR , ,2 ONLY _ 9 x 101/, ONE LOT 30...... Bed, Double2 4 4.44 ~ . Dresser. T V GUSHIONS

Axminster Rugs

Slightly soiled Reg. $189.95. Priced to go

Bedroom Suite SPRING-FILLED H A S S 0 I) II S MATTRESS

II 7.77

77-"

NO DOWN PAYMENT

N AT

CO. LTD.

THIS IS PROOF OF CROWDS COMING. CROWDS BUYING IIND CROWDS SAVING IIT OUR

YOU TOO WILL WANT TO JOIN THE CROWDS DAILY AND ENJOY THE TREMENDOUS SAVINGS AT THIS GREAT SALE! NEW BARGAINS PUT OUT DAILY. COME SAVE.

\ NO DOWN PAYMENT!

Up To 200 Weeks To Pay! No Payment Till

6 PIECE

DINETTE SUITE

MATCHING BUFFET

REGULAR $69.95 PRICE SALE

3 “ﬁligﬁé’w .77 ROCKER I OUT ET GbEs Wool Frieze Cover.

17” FLEETWOOD

TELEVISION

Consolette In Mahogany or

Walnut. Panoramic Vislslon.

A perfect gift for the entire family.

SALE PIRCE

$21 4.97

_ OEDAR CHEST

Light Finish. Tray In top. Moth proof Guarantee.

REG. $79.95 SALE PRICE

$69.97 1

POT BURNER

OIL RANGE

I-IOMESPUN

Perfect Gift

‘ . The - for DAD

REG. $9.95 SALE PRICE

$5.97.

‘-C._

2 PIECE

CombinatIOn FabrI-llte and “ c.I.L. Leather REG. 9274.95 1 . ~' SALE PRICE 2 9

29c. CHESTERFIELD

FOAM RUBBER Construction

MEN’S 2 PIECE

."">UT Zm'ﬂO

An Ideal Gift for That Man of Yours.

REG. $39.95 SALE PRICE

$31.97

aIlIc Thread. REG. $309.95

RANCH STYLE

UPHOLSTERED With Automatic Blower REG. $44.95 A REAL BUY. SALE PRICE SALE PRICE / 230 Coil Mattress

Metallic Covering REG. $274.95

SALE PRICE

w “G BEDROOM SUITE

L $33.97 w 84.44

Asstd. colors Values to $3.95

Your Choice

SALE \~

$64.44 979 mu

THIS IS JUST A PARTIAL LIST OF THE HUNDREDS OF ITEMS AT THIS GREAT SALE GOING AT A GREAT SAVING TO YOU FOR THE CHRISTMAS SEA-

ALL SHAPES, ALL SIZES AND ALL COLORS.

3 .44

180 Coll PRICES

Regular $29.95 START AT

— STORE HOURS

MON. - THUR. 9am. to 5.30 p.m. FRIDAY 9 am. to 9 p.m. SAT. 9 a.m. till 5:30 p.m.

.' s. {-54.7

, 0 DOWN PAYNE