EUESDAY. Annual Statement

Li‘

of the

Provincial Bank of Canada

Increase in Assets-—High Ration of Liquidity Maintained.

The annual statement 0f The Provincial Bank of Canada for the year ilidllig 29th November 1911 reveals a siilistuiilial increase 111 assets and .1 very stzong liquid position.

Total assets amounting to $60.- 080146 indicate an increase of $5,000,000 compared to a year ago.

(rash holdings, including the de- posit with and notes o1 1hr- Bunk u‘. Cdlliltill siunzl n: the iii-J. level 01 $11,310,138.

Investment securities amounting to $26,471,105 show an increase of 34.300000 over last year. Federal and provincial government securi- ties also show nu increase of $5.- Ttlallltk) .\Iti111t-1pi1l .~cc1:i'1tics have 1x211 reduced by 31.700000 while other bonds and debentures have increased by $300000. Call Loans have been reduced from $3,481, 123 to $2 989,136.

Cash holdings other with n‘hc1' rt-adilv a1 ' assets amount . l which is equivalent to ‘lc ltigli percentage

of 73'; of liabilities t0 the public.

Profits for the year, attu- mu- ing all appropriations for wntln- ‘£01115 no: nits t. $440,644. Out of 1111s aznuuii: a prm ion of $149,210 “'21s Illlill" i111‘ Domzriloii taxes leav- ing a baLincz- oi $291,434. This unount added to the balance at credit of Profit and Account makes a total of $500, 83; from which $50,000 has been appro-

priatod for depreciation on Real Estate and 5240.000 in dividends was paid to shareholders. ‘

The balance at credit of Profit and loss Accounts on 29th. Novem- ber is $210,763.

loans and discounts tncludint loans to miuiiclpalitles and school commissions, amour/t to 010980.787 which reflects an increase 0f 51.120000 over 1940.

Total deposits amount to $53,151.- 840 as against $17,882,722 a year ago. Notwithstanding subscriptions to the Victory Loan and purchases of War Bavinl! Certiﬁcates. by the

public during the year, saving de- “d Y0

yoicsit-s amounting aaawooo s 1o\\'11 an increase of $2.400.

There has also been an increase in Current Accounts deposits ivhich stand at. $11,150,000 compar- °".€f-i.§.‘-’.'.l°°'°°3 mo...

an B0 - merit deposits amount to $1077.91: as against 81.523245 1n 1940.

Notes of the 13ml: 1n circulation amounting to $2,275,000 show a re- duction over last year. These notes are replaced gradually by note! of the Bank of Canada as called for by the Bank Act which requires from the chartered banks an annual reduction of 10% in-the amount of their notes in circula-

on.

‘The annual sump! meeting of shareholder-a 1 be hold at the Bank's Had-Office in Montreal. on 8th January 1942.

‘ HONOR ROLL i’ 0T. DIARSPS ACADEMY. SUMMERSIDE The following is the standing of the pupils of St. Mary's Academy. Siunmerside for the month of Dec- ember: Grade X.—l, Filorenoc Williams; l, girth Kell ' 8 Lillian Glow.

WHY HAVE .sonE FEET?

Grade IX.--1, Mary T. Arsemult; Nan Mutants; 8, Frances Mac-

e111.

Grade VIIL-l, Eleanor Campbell; i. Suaie 010w; l, Sadie Gallant.

Grade VH.—1, Florence Glow: 2. Dorothy MaicNeill; 3, Frances Mor-

F1501’).

Grade VL-l, Marjorie ers; 2. Dorothy Araenault; 3, Marie ereaa Gallan

Grade V.—-i, June Perry; 2, Anita MacNeill; 8, Mary Florence Gallant.

Grade IV.—1, Dorothy Gallant; 2, Zelnin LeClair; 3, Mary Gallant.

Grade III.—l, Shirley Noonan, Mariorie Arsenault; 2, Olive Arsen- ault, Ann AT-Iearn; 3, Bonita Unk- lotter, Dorothy Arsenault.

Grade II.—1, Mildred Cameron; l. Jean Gaudet; 3. Theresa Gallant and Yvonne LeClair.

MUSIC DEPARTMENT Over 90%

SENIOR. CLASS l. Jean ﬂicholson; 2_ Margaret Allen; 3. Doris Herring.

JUNIOR CLASS 1. Anita MacNeil1; 2. Jean Dunn; 3, Irene Gallant.

supply, buy.

for these purposes.

each succeeding month

contracts; and, on or

been entered into on or

NOTICE T0 Steel DISTRIBUTORS and Processors

FFECTTVE on December 27, 1941, no pet- E son shall, without obtaining a permit, sell, or otherwise acquire, use, or consume new 01' second-hand, plain or fabricated steel plates, szructvural shapes, or

Wilﬁtiliﬂtiliﬂ. remodelling, O1‘ re pair of any building. container-tank. boiler, bridge, tower, conveyor, or other stationary structure. This

does not apply to the sale or supply by a primary producer of steel or a rolling mill to a. steel manufacturer 0r a wholesaler or a. jobber, or to a sale or an exchange between any of them; but 1t does apply 1n these instances to the purchase, eoqulaltiomuac, or consumption oi these items

Every person, with the exception of primary producers of steel or rolling mills, who ordinarily has possession of or power to dispose of net 14a than ton toms of new or second-hand, plain, or fabricated ctul piston, bars, ahall furnish to tho underlttncd on or before January 5, 1942, and on or before the 5th day of

separately each item which such person had on hand. at the and of the preceding month, other than those required for the completion of approved statement of the outstanding contracts which had

involving the use of over one ton of steel plates. structural shapes, or bars.

SEVERE PENALTIES ARE PROVIDED FOR. CONTRAVENTTONS OF‘ THIS ORDER.

Aqalieaiiuukllmiii mayhem“ i°=

Department of Munitions and Supply, Ottawa,

bars for the

au-uotura-l shapes. or

written returns showing

before Januarv b, 1942, a

before December 27, 1941.

P. B. HIBOURN. Steel Controller.

Canada.

" ‘Yr®1“ls§“i§.@lUI£'/O"IIIIIIQ

Ivor/cs

Fourth or final installment on Civic taxes is due and p-1_\ able nn or before the 31st day of December 1941.

1 (II>”.""IIII of fl per cent is allowable on fourth instaII~ :21 if |1:1i(| ns per the above date.

inlt-rist 1:1 the rate of 6 per cent will be added to all

1= 13:1 luxes lifter December

31st, 1941 on Real Estate,

I will Prupertyq Permanent Streets and Sidewalks.

Nb tzixpay/er in arrears

at December

31st, 1941 Is

t ii;;.l1!e to vote at the coming Civic election in February. ' JAMES A. FULLERTON,

City Clerk.

Olwara/IIIIIIIIIIIIII‘

‘mi

Kensington and Vicinity

Gunner Arthur Watson of th- R..O.A., station in Nova. loot-Ia in homo cn his loom.

Biro-Hurt. Donald Baker of thl R.C.N.V.R. is visiting hi; palvnll and Mrs. C.C. Baker of Mar- gae

Pie, Thoma; Dung! i1 Wndiﬂl afew dayaleavcwi yhls fimiiyh Kmaingitlill.

The Kenslng-ton‘ High school pupiis are once arein enloyinl! the Christmas holidays. On Tﬂﬁiday the held their Christmas tree Si... m he wimmeiruxguahim

y and o: Pl the “Home an; Sohoi-l Assoc- laton." Each teacher was also rc- msembered with gifts from the pup-

ae t Ohm-lea Tupltn of the P.li:. . is spending hi1 Christmu leave M. his home in Kenaington.

Mr. Keith Kennedy, student o! Acadia University is spending the holidays at his home here.

The Mites Jean and Mary ltir- linq are spending Christmas with their parents, the Rev. A.D. and Mrs. sterling of Kcnsill-gton

Mr. Chester MaoKay oi’ Part spent a few dag: in Kan- e cf v

ihetirvmn ' "0'

m. George German of the 1L0. AI‘. stationed at Summerside is spending his Christmas leave at his home here

Mir. and MrmOIiver Profitt In rec: o0 tulatlons on the birth Oct l y da liter.

Master James Caldwell is Spend- ing a short, holiday in Spring Val- ley with his aunt, Nlrs. Lester Bry- enton.

Mr. David German ltudeint of st. bunstarrs Unver-sity is heme on his holidays.

His many friends are pleased I0 learn that Major Inglis 1s able to nor/um to his work again after hi: recent illness.

Mr. Paul Paynter spent the weex- end with friends in Long River,

Sergeant Walter Duggzin anq Mrs. Duggaii are spending the Christmas holidays with the form-

er's parents Mr. and M11. John Dugga-ri of Kensington. Mr. John MacEachern was a

business visitor to Kenslnazon on Monday.

Mr. Theo Ling, vice-principal of Kens-lng-tcn High School, is enjoy- ing a pleasant holiday at his homo in Wheatley River.

Miss Jean Mallet of Kensington was a recent. visitor to Elnistlalc the truest of Mr. and Mrs Arthur Lambe.

Mr. Ferdinand Kilbrlde of the R.C.A.F. stationed at Summtrside is spending Christmas with his family here,

Pto. David MoNally is spending his Christmas leave vritn his wire and family here.

on Tilfsday were: Mrs. Thompson, Mrs. P.N. Lleut. Lorne and Mrs. and the Messrs. Herdun wlarin, Robert Stavert, Cedric Owen and Altmo Cameron.

_Miss Frances Kelly of Summer- side is spending the Christmas hol- idays at; her home here.

Mr. Alonzo Cameron of the Vet- eran's Heme Guard is on leave at his heme in Indian River.

His many friends are pleased to sec Mr._ Boyd Bcarislo home for the Christmas seascn and a1; wish 111m the best oi luck.

Pte. Russell Reeves eta-timed at DeBert is visiting at his home in Kensington for Chr stmas.

Miss Gladys AmQtwng, an or St. John is sepndilng a ieasant lambda/y with friends in rising-

Mr. Harold Ramsﬂy oi’ the R.O. A.F. is spending Christmas a-t his home here.

Miss Patric; Pendergasb, si/ud- ent of Kinkcra Convent is spend- imr the Christmas holidays at her home here.

Pte. Elmer Gauthier is sivznding Christ-mas with his wife and fam. iiy here.

Pte- James will or the v.51. HiCh-Ilndﬂi 1| home on lea/re.

Mr. Gilbert Caldwell cf the RC. AF. is a ndlng his Christmas furlough Kensingtton with hlg family.

m. mutual Denied-tn cf % I. 0A1". b mending the Ch holidays at his home hen.

Mr. Arthur M111 of the Bani: of Nova. Sootia. Montague, is lperid- in; Chm-stance Witth his greats Mr. and Mire. Roy M111 o! enatngwn.

Mir. 121.11 Dymeeit of Bummerlldo is sepnding Christmas at his homo in Margatc.

mnAngusJoneeoftheBankof

yo?‘ miwilai friends in’ “f

mwmm.

m. Archibald Camnfoe‘! is en~ loving a pleasant holiday at his home in Clermont.

Mr. James Clark of the RCA. stationed at Yarmouth Ia Wendlng an enjoyable leave at his home in Remington.

Mr. and Mrs. use» MacKay are visiting in Dnrnlev the Quests Mrs. Edward MaoKay.

Mﬁ IMUG HMIM. . R.N.. 0f Charlottetown ‘s "nioylno l holiday at her home 1n Spring Valley.

Mr. Jnek Burns of the RCA. Yarmcuth. is sp-mdim! Girls nits with his wife in Kensingtin.

Mrs. Clark- Harding and son Alan are vlvtleg in kerwngton the tzivsls n.’ ltlrxs. Findings n01’- ¢~nt< Mr. and Mrs. George Mac-

\'A|| l_

THE CHARLOTTETOWN GUARDIAN _ DECEMBER 1941 —-< 4i " '

U “will” an \ " K woo 3“ ‘R one" wnuihu‘ \ ‘ IMnI nuhghll‘ ""1105 . onuylﬂvj“: IQ!“ 5 '$¢UP.\“: ‘u f‘. ‘ n1 1.. w"°,':m nib “:3, n11» l‘ "' “i” 0&1“ HO.‘ “ E a ‘iwgulﬂﬁ. No n tﬂﬂo“ PER-fuzz‘; rlgl“. ME‘ m L.“ M, ﬂaw‘ h“ I ‘r’ at NEW “i r111 I ‘is "‘°'°' "mthwviniiim "" n‘ u» who" '. $3.!!!‘ v | other than "d, 005M.‘ M. “nﬂilﬁ mortar g I01 "t" ‘Ilro "ti; (m, h‘ “snail =3‘ ' a in?‘ '“ dun: r 3 l" (b) 1mm»! t .“v.~ P“; no (o n"; gni M‘ ,4 m

GOODYEARS ARE BETTER

FOR RE-TREADING -— In

an emergency such as this

—cureful drivers can have

good sound carcasses re- lreuded get many extra miles from their tires-help conserve rubber. Repairman have long recognized the worth of the careful workmanship in Goodyear tires. Goodyeufs exclu- sive, slrong Superlwist Cord con- struction stands up better-has more strength Iefi when the fraud wears out, is more likely lo give vou o sound re-lreod iob

GOODYEARHS THICK TREAD CAN BE MORE READILY RE-GROOVED. Another practice, not always recommended in normal

limes, is re-culling the design in o lire after the original design has worn smooth. Goodyear: are buill with u thick under-tread of rubber designed to cushion shocks-and this cushion can be re-cul by o skilful Goodyear repairman to give you IroclIon. at moderate speeds (and you should now) this method helps to prolong lire life-save rubber.

Provided you drive

1455521.??? -'

motorists Qg than on any other tire) you have these ADVANTAGES!

GOODYEAR LIFEGUARDS

ASSURE MORE SAFE

TIRE MILES. Many thou-

sands of wise motorists have, In the lust few years, equip- pod their lire: with lIfoGuords fol positive protection against blowout accidents. Now these motorists 1 reap a double advantage-for with LifeGuards they can run their fIIll to the lust mile-knowing that Ihoy are fully protected against blowout dangers.

YOU CAN HELP-

ny driving slower.

by avoiding sudden slop: and slam. by careful parking.

by faking If easy on curvu.

NO MATTER WHAT TIRES YOU

DRIVE ON...SEE YOUR

OOODYIAI PRODUCTS ARI WITH Till ALLIID IOICIS THROUGHOUT ‘IHI

WORLD

GOODYEAR . A- YOU THE FINEST TIRE SERVICE AVAlLAflll

HEIS EQUIPPED IO GIVE MlseEivaPa Eelﬁeﬁiffof . _ _ “Fwd _ camd- no» Ken-a». "a WW “a. n: .2: mo. t. Wm... paw... can»

u M 519°” 13w“ ‘i h“ ha” h‘ (‘iifdehelra 2i ‘aortic Caaeley and

. o

Mr. and ma. 5R. Pendlewn and _ family <( Keriaington spent Christ-

moa with Mrs. Pendleton’: inr- onta, Mr. Mrs. Editor of Manhfiield.

hﬂndametfrofflcol

m. Wendell nettle of tho Bank of Nova 500th, Btmmmlde, Christmas wi hi! Hirsute. and Nlrs. William Proffit or Ken- sington.

Mr. Joseph MacGnwr of om- icttetown h visitlna in Dam!!!-

---- Va-llov was Elrwga andmuﬁntgcotznmn-nyluﬁ ch Wednesday. mm M! o; an g Master James Maorleillwaaaviﬂ-

o v h eguesta iamaparcn lhbammnd“

and

\I- n n4 )|—_

htR.

MII Wanda Nova sooth. Simmerddc.

a vlaiwr to Kenslndton

en wedmmi. gatlon in attendance.

M1110! the Bank of client

Midnight Mag was celebrated at Qlfiot-"lll the Roman Cathoic Churc“ on N“! MI‘!- Christmas Eve with a lame con!"-

his = out. 1n. Km" spent Christ-run at b wn Illmt In‘: M,‘

aro‘ Mn. John MacFadyen and m. and ma, w“ da fer am of Kenalngton 10ft Charlottetown IPent

- la, Olsen. I“: céhililiseglrfht-a! K . U011

. . ‘Y E En en-

Mr. and Mrs. lfrthur Lgmbe ol holiday season in K¢ ti‘: Emerald IPOM Christmas in

Christmas with her parents. Mr. ’ " o‘ M".

and Mrs. Cecil M111 of Clermoiit. Sfiesdahio: mt 11:23:13; ﬁlummwm ‘M w, Mr. Preston Stewart cf Bum- W “IBM! H!" "m" n

ﬁmaﬂultuohﬁgm” “m; w. M: Fair Hoeachen of the Built Inugntarioowritel Bu“ who huguz“ ° ‘m y °' of N‘... an -. aim-mu

Ken- guest o! llrl. Ho!!! -