(continued than use It I

ttunrron H0153 -

, .- . 1' their share of mm lc-:;lld:l1tI:'-llaulk irnjwoventcttts. Street Te,-9 also assessments made Th?" 1.... my totalling s1z.ss4.12 ll””."l:l property owners for a por- "Hmgl 51 set and sidewalk im- mmvemenls completed in 1954- Prglle extra-ot'dinary receipts re lured to above enabled the City ll. write off durtng the Year till the Centennial expenditures. instead 01 rlml-ging them over a period of years, as first anticipated. Debentures totallinl 394-75090 matured during the year and were retired. One of these issues was the first refunding issue made In 1935 in the amount of 58.250-W Thl other-issues totalling 885.500-00 31'! go be replaced to the extcnt'of 50 per cent with Refunding Debent- ures of 343,250.00. These T fundins Debentures were not issued ll!

as to the investments held on yourl behalf. They are listed in the City accounts at par value.-'. as per details on page if. The Sinking Funds are based on refunding 50 per cent of all original issues mat- uring up to 1959. 25 per cent from 1960 to 1968. and payment in fr of all maturities in 1969 and later years, with payment in full of all refunding issues. assuming an earnings rate of 3 per cent. On this basis, vthen the 1955 refunding iss- ues of 843,250.00 referred to are made. the Sinking Funds will be in excess of actualal requirements by 319,394.96. and. if tltis trend contin- ues. the foregoing refunding plan may be eliminated before 1968.

In 1956 a deposit from Currmt Funds of 31.16.089.86 will be re- quired to maintain the schedule. along wlthiS2l.000.00 for the High School Serial maturities and 315.- 800." for the annual instalment, on the interest-free Provincial loan for the High School. Money for the last

two items will come from the Ed- ucational Tax Levy.

EMPLOYEES' PENSION FUND In addition to the regular contri- bution by the City. an additional amount 0! 39,000.00 was taken from Current Funds, in line with recom- mendations of a firm of actuarles that the Pension Fund be augument ed. investments totalling S3'J.000.00 were made during the year for the Pension Fund out of cash available for this purpose, and there is still 315,510.75 in unlnvested cash, some

1955 and should be Issued in 1956- In the meantime. the Clpllhl FUN! show a liability to Sinking Funds for'the amount. ' . 1

The net debt of the City. consist- ing of Debentures Payable and Bank Overdrafts. less Cash and Bank Balances and-Sinking Funds Ia 33.760.040.21, an increase in 1955 of 515652.24. Details are on page 13. . SINKING FUNDS

The Sinking Fund investments of the City are in the trusteeship of the Eastern Trust Company and of which should be invested in the we ve accepted their certificate coming year.

clunnsnrlrbrtltns BALANCE SHEET December 51131. I955

ASSETS Cash on hand and lit bank . . . . . . . . . . . . . . . . .. 811,295.02 Taxes Receivable a see page 14 - Real Estate . . . . . . . . . . . . .. . 3134,03l.51 Personal Property . 115,862.04 Poll . . . . . . .. 125.566.64 3375.460.70 Less: Allowance for Uncnllectable Accounts... 116,661.73 250799.06 Debenture interest prepaid ..., . . . . . . . . . . . . . . . . . . . . . . . .. 153.75 Deferred Charges - , Motor Equipment .. . . . . . . . . . . . . . . . .. S 27,121.52 Less; Accumulated Depreciation . . . . . . . 18,441.14 13,631.38 3283,9281!

LIABILITIES I

Dotwtttures lutcrest Payable Art-ounts Payable .

Amount due to C:tpttalhFunds”l . . . . . . . . . . . . . . . . . . . . . 233.1!33:65 S253.985.60 Surplus--Balance at debit. December 3151. 1954 8 1,009.81 Excess of Retenuc over Expenditure for the year 1955-sec pages 2 and 3 . . . . . . . . . . . .. .'itI.tl52.22 29,942.61 S28.'t.928.2l

STATEMENT OF CURRENT REVENUE AND EXPENDITURE for the year ended December flirt, I955

REVENUE

Taxation

Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3512.it9.'l7t1

Personal Prriperty ....... .. 232,238.36

Poll . . . . . . . . . . . . . . . . . . . . . .. .... 91,989.25 937,121.39

i.lt-ensra

Amusement Halls . . . . . . . . . . . . . . . . . . . . . . .. 3 20.00 Auctioneers . . 100.00

Batteries 60.00

Bicycles 355.50

I-luiidings . . . . . . .. 474.00 ('oin-opcrnted Machines .. 930.00

Electric Light Company 100.00

Fish and Meat . . . . . .. 423.00

Garages . ... 100.00

Horse and Carriage . 15.00

Labour . . . . . . . . . ., 1.tl70.00

Milk Vendors 350.00

Peddlers . . . . . . . 750.00 Restaurants 260.00

Signs . . . . . . . . .. 130.00

Taxis and Transfers 1,325.00

Taxi Drivers . . . . . . .. ll9.0il

1heatrett 200.00

Truckers . . . . . . . .. 42.25 7,625.75 ;

Rents

Market Reins .......................... .. sto.:tm;.5tt

Market Tolls 628.15

Scale House . . . . . . . . . . . . . . . . . . . . . . . . .. 664.45 11.511010

lundrl '

Police Cottrt and Dog Tax . . . . . . . . . . . . . ., I lti,ltti5).lI

Interest on Taxes . . . . . . . . . . . . . . . . . . . . . . ., 6,015.00

Grants and subsidies front the Province-

Fire Department .. 1.300.011

Library Grant . . . . . .. 1,500.00

Dominion - Provincial Agreement . 20,000.00

Per Capita Grant . . . . . . . . . .. . . . . . . . . . .. 47,061.00 Commissioners of Sewers and Water Supply 451,550.71

Parking Meters-eCity's share 6,003.06 Miscellaneous Receipts . . . . . . . . . . . . . . . 1,004.50 144,304.80

Total Revenue for the year . . . . .. . . . . . . . . ..Si.000.73l.12 Less: Total Expenditure for the year . . . . . . . . . . . . . .. 969,778.90 Excess of itevenue over Expenditure . . . . . . . ..S 30,952.72

ITATEMENT III" (IURIIHNT lIUCVI':NUI'l AND EXPENDITURE for the year ended December 31st, 1955

. EXPENDITURE

(it-ncral (iovcrumrnt Advertising .. . Assessing and Collecting Auditing ... .. . (fity Gnvcrntncttt (fity Hall Moitttenoucc Chic ltllf't'll0ll insurance .. . . . . . . . . . . . . . . . . .. interest and Bank Churgcs-

Handling ('ltorgcs

Honk Uvcrdrait . . . Parking Meters .. . . Pension Fund Contrilutiton Printing ltcports Satety oi Securities Superannuation Miscellaneous . . . . . . . ..

Protection to Persons and Property Building Inspection C. N. ll. Wig-Wags Ftrc Department Fire licpartutcut Grant .. Police Department

The W

"W .E.?”'i."i.".."i2 l"...l2.'t':' 51 i urc a . ens t . s”.'.f.'.".'i1.i',-, January 28th at 3.00 p. m.

REGULAR THURSDAY nlght

danc-. Canadian Lest-m Home.

Kenalnglon. Muaic by Erwin Delg- han and Sunshine Boys. Admission 50 cents.

IMMUNIZATION CLINIC. at Summerslde Health Center. vac- cination against smallpox. in- noculation a g a to s t whooping lcough, diphtheria and ioekyaw. Friday, 27th of January, 1956. 2.30-4.00 P-m- --

COMPLETES TRAINING - AC 2 Albert Cody. son of Mr. and Mrs. William Cody. Summerside, has completed his basic training at R.C. A.F. Station. St. Johns. Quebec. and has proceeded to R.C.A.F. Station Penhold, Alberta. where he will train as an accountant.

POWER SITUATION - Sections of Summerside still without elect- rlcity include the south section of Water Street East. a section direct- ly east of the light plant, some homes on ”The Hill" and some in the lower part of the west end of the town. Linesmen yesterriay were restoring services to Maple, Duke. Beaver. Cedar Ave., Cedar, S'reets and were installing polasl on Water Street East. Homes in the Convent Street area including part of St. Mary's Convent School w 2 without electricity from Tues- day night until yesterday afternoon while a burned out transformer was being replaced.

Personals

Mr. Jerry Doucette is still a pati- ent in the City Hospital, Charlotte- town.

Mr. Clifford Mactiuigan. sum-l' merside is a patient in the Prince County Hospital.

Miss Margaret Slticlds has re- turned home from Kitchener, Ont. to be with her father. James Shields who is seriously ill.

The many friends and acquaint- ances ot Mr. James F. Profitt of Kensington will be pleased to hear that he has recovered from his ra- cent ilnestt and is able to be out again.

Decide Against Entering Contest

Four men reported elarlier as being possible candidates for coun- cillor in the forthcoming civic el- ection in Summerside stated yes- terday they have decided against entering the contest They are Dr. Hubert MeNcil, George Olscamp. Venor Arseanttlt and James Hog- an.

Up to the present time there has been no announced opposition to W.A. Cttrrie. who is seeking the office of mayor. In the East Ward Coun. W.E. Jenkins Is re-ominat- ing and may possiby contest again- st two candidates, although they have not made know their intent- ions as yet. They are G. Lorne Monkley anti George Key. Sr. inl the Centre Ward Coun. J.L lilac-l Dougall. who is seeking re-election will be opposed by W.R. Tinncyl as things now stand and in the Wc.-tt Ward. Cottn. Clarence Stet-let still remains unopposed as far 215' could be learned last night.

S'side C. W. L.

The regular monthly meeting of the Summerside sub-division oil the Catholic Women's League wast held on Wednesday evening. .lan-, uary ltlth in the K. of C. Homei with the president, Mrs. Carroll Delaney presiding.

The meeting opened with the Lcague prayer. which was follow- ed by the minutes, read by the sec-l retary. Mrs. Wilfred Perry. The trcasurer..Mrs. i)olore Richard. re-l ported a substantial bank balance.

Corrcsponden 1. as read by Misst Margaret Wedge. consisted of thank you cards and a letter re the national scholarship. Red Cross 1 Convcnor Mrs. Ivan Clow reported twenty-nine garments made during the month. Sick convenor Mrs.l Joseph Llnkletter reported making. fifteen sick calls and sending one card. Miss Margaret Wedge who 1: led as ronveuor for a lottery ronl ducted by the ('..W.I.. stated that a substantial amount was realized fmm this effort. '

Saattry Expenditures School Taxes on Airport

Police Court . . . . .. 3,895.63 Street Lighting . . . . . . . . . . . . . . . . 10,869.13 125.794.35- Puhlle Worlttt Street Maintenance . . . . .. 51.-31,310.71) Unemployment insurance . 907.54 . Workmcn's Compensation 9,379.24 ltii.50.'t.57 Conservation of Health 3.41-1.51 Public Welfare - Grants 13,012.50 School Board .- ' l 214.405.-55 reatioa and Community Services Library . . . . . . . . 7.038.” City Dump 3 4.35028 Market 17,917.26 Pond 4,348.00 Squares . . . . .. 5-N4-I3 Victoria Park 14.05137 Centenn'.'tl Year ....... .. 30,403.47 92,203.99: Debt Charges interest on llebcufurca . . .. ll47.0li4.3N linking Fund Provision--(lent-rat l23.320.N Plnvincial Loan for Queen Charlotte High School i5.l'l0.00 823,010.05

Iau: Payment: received on street and lldnvalk Aaaeumaata

...........

0,011.0! M!.M.5I

Guaodian

egslern

ANNUAL Congregatlonal meet- ing of Princctown United (Jturclt Malpeque in memorial, room. Monday, Jan. 30th at 2 ocloclt.

I,0.D.E. MEETING - The reg- .ular monthly meetlnl "I Abeiiwell Chapter i.0.D.E. w: held at the home of Mrs. W.A. Allen on Wed- nesday afternoon, the l'CKeI1t., MUS Wanda Wyatt presidln8- A lell” of thanks for pictures donated to the Canadian Legion waslread. Mrs. Claude Ives was aplwlhled liaison officer for the chapter for the Canadian Association of, Con-

- ed 'to the outdoors by upstalr neigh-

.'Screams lAAwaken Neighbors

S'side Father Collapses From Smoke When Mattress Burns

' Summerslde firemen were call- semi-conscious condition as a re- ed out yesterday morning shortly suit of being overcome by the after five o'clock when a matress,smoke. He had managed to get caught fire in an apartment locatedlfrofn the bedroom to the kitchen at the corner of Notre Dame nndtbefnt-e collapsing from the effects Blllnm" strut” l" which M'- mil of the heavy smoke. Mrs. Camer- Hrl. -"Gk Clmtmh lhd lhelr W0 on had entered the Prince County children reside.-iwhen firemett ar- Hospital the day previous, l., U... HVW Ill! m'u'953 hm; bee" T'3l'h0Vr dergo treatment. Mr. Cameron was taken to hospital for a chckup IIOTS. Whit rushed 59W" l0 h0lPlbut was released short time later. pfter being aroused by screams of H, is an eml,l.,yl.e of R, T, Hal. the Cameron children who ap- mam Lld. . plrenlllf W9” lW3k9'"-'d ll-V ll"-'z The matress and sortie bed cloth- lm0k?- cs were destroyed attd some dam- However. Mr. Cameron was age to the apartment resulted from found on the kitchen floor in althe smoke attd water.

sumers. This was rmlnztlon day and a slate of of." ers for the com- ing year was submilted. The meet- ing closed with the national anth- em. Tea was served by Mrs. WE. Smallman and Mrs. Irene Htll as-I stated by the hostess. Mrs. Allen. The next meeting will be held at the home of the regent on Thurs- day. February 16th.

rnucxs nacovt-man - Two

(Continued from page 2t

MRS. CUTGLIFFE

Pierce. Brackley. brought gr-em. ings from Mrs. Macinncs. Branch ltllllllal l"”'t' lINII'Ht!t'0 C0-- ill "19 press secretary. She urged the sup- annual uttwttuc of the Company port of the United Churcbman; held in Suututct-side on Tuesday. promptness of sending reports Jan 24. the papers and on behalf of

New President-

Mr. '1' .1 ltllllitil. Betletlue who was elected lltrsidettl of the P.E.I.

trucks that were stolen from Sum- merslde streets Tuesday night wr both recovered yesterday by town police. One truck. was a 1-2 ton owned by Mr. Leonce Arsen-I ault, Argyle St.. and the other was a 1-ton, vehicle owned by Mr. Lloyd Heckbert, Strmmersidc East. -

i

. . gg tonight. ter's work. . Perry of St. Eleanors was held A. lltthlov is l-' .llCIflt(". J M '5mule yosrel: RC-To l-"0 Wedt zsday morning from the Bow- J.A. (Tl.-ark 1- 11' tlnrrlson. clllzellshlpp seC,.'elal.y 'm.P"'s '8" l ness Funeral Home to St. Paul'sl A. Stllipltutut 1- L. lnman. sume nf llll, work 'm.SOm l;hr:;': Church where Requiem High Massj 3545. She said love Sand kindncsspls tehel-l .. . l

was celebrated at 9:00ta.m. by Rev. 11. LeClair. The pail bearers were, Earle Hickey. Willard Dur- ant, Robert Steele, Norman Perry, Stanley Gaudet, William Carney. Interment took place in the chufcb

4

ct-metcry with Rev. Joseph Mac- to

Leod officiating.

SNOW l .' WEST PRINCE -- A. heavy fall of snow Tuesday morn-: lng quickly blocked the Western. Road near Elmsdale to motor ta!-' fie tl vehicles were unable to proceed until the assagc of a snow l plow from Tignish about noon. De- spite three weeks of mild well weather. cuttings are high in many ' sections of West Prince and there are few places for vehicles to- mcet on the road between Alber-l ton and Montrose. Snow was hea-l vier itt t)'i.eary Tuesday and mot-1 or traffic was proceeding with dif- ficulty Tuesday afternoon.

Islander Heads Texas Crippled Children Center

A former Prince Edward island- er. Mrs. Rita Stlegel recently ar- rived in Lufkin. Texas. to take charge of the new Crippled Child- rens Centre in that city.

Mrs. F gel the former Rita O'Brien is the daughter of Mr. and Mrs. James W. O'Brien of Elms- dale, P.l-1.1.. graduated from Mc- Gill University in 1948 and did internwork for six months in Can- a.

Following that she uorkcd in tile Mercy Hospital at San Diego, Cal- ifornia, the Kebat-Kalser Institute

3 Q.

Professional Cards

said; cunt Club Schedule

Tile fnlltmtttu ix lllt' schedule for the Sunuttcr.-ttlc curling Rink for

reports from time to time.

urgent needs of the church li1 fhel various areas and challenged the Workers to endeavor to provide

best way to break down barriers of racial predjudice and injustice. RESOLUTIONS Mrs. Hazen Howard. chairman of the Resolution and Courtesy eommittee. brought in the follow- igwesolutionsz bereas many children in their early teens or younger have been seen smoking, and whereas many storekeepers sell cigarettes to these children, be it resolved that the proper authorities he request- ed to take the required steps to prohibit the sale of cigarette to minors. Motion carried. - That a committee be appointed at this annual meeting of the Pres- byterial to have the secretaries reports memeographed and a copy

T.l). hlorrt-nu 1- A. Gordon. H. tliat-l”at'I;tttv IV A, Brooks. J. Hayes vs. .lftlllPS MacGregor.

in Vallejo, ('oltf. 'lf1 and W; hing I1. D.C, l1l'lli'II tttuscula1' rehabil- itation ccntrcs She then worked in the Lee-t'uItttt:ttt Rehabilitation Centre in l(lltAllllt', Tennessee. and site uorkcrl for a few months in the Los .'hllL'(illw Hospital. .

ll She and llcr husband Howard reside in Lns tuct-les. where he is studying lmrltology. They have a daughter four months old. Mr. Stiegel now plans to move to Lufkin and will cotttutur his education at the Stephett F. Austin State College

"9 I Miss Enid Morstm, Cattditlate.”"0"”"ilelwled-l Secretary, presented the prcsentl

workers fully trained for the Mas- "f

forwarded to each auxiliary pre- sident. tmotinn defeated.) These has been a great deal

in Nacogdochcs.

11-Z-Itnjzcz Royal - Borden

January 25 - 26 Wed. - Thurs. - 8 RM. Rock Hudson and Arlene Dahl in "BENGAL BRIGADE" In Color.

Announcement

Having purchased the share of my former part- ner, Herbert MacDonald, I wish to solicit your cou- tittucd patronage and will endeavour to give the same efficient service as in the past.

Signer: Lowell Hogg. ROSS CORNER SERVICE STATION AND GARAGE.

ccatuao"

KENSINGTON Wednesday I: Thursday 7:15 - 9:15.

disatisiaction throughout the Pres- hyterlal Society, with the manner in which the election of officers is carried out from year to year. Be it resolved that at the annual meeting of the Presbyterial Socie- ty in 1957, that all names nomi-

the nated for offices which are vacant to be posted and toted on by ballot, the by the voting members of the tPltoto by Searsr Presbyterlal the secretary voiced Prc.x'byterial Society; appreciation to the papers for their the manner in which the election cooperation in providing space for of officers on the Maritime Cott-

similiar to

fcrence Branch is carried ottt

The officers attd members of the

Prince Edward island Presbytt-rial' session wish to extcudl

now thanks to the minister and session Trinity United Church for the use of Ihetr building, to the orga- nist and chotr for their attendance and musical contribution; to the ladies for their bountiful and tit-- Iiclous meals. to Miss Aileen lltttz. the guest speaker. for her informa- live and interesting address. to the

Thursday, Jan. 26, 1956 The Guardian. Page 11

little mission band member for her Press secretary. Mrs. George E sweet solos; to the janitor who nlng North Granville , made us comfortable and to all Rev. A. S. Weir assistant minis- others who helped to contribute to ter at Trinity installed the new of- the success of the meetings of the" ficers. Pmlhyterial. A vote of thanks was extended OFFICERS to! thedrefirilzgl offll.-ers for their Mm Russel ll-eam Cascum C, spendt wor tn tel past years. chairman of the nominating clbem-. M51 F' W: C"mm.Te led ll" mittce presented the slate of of-lclosmg. worsllm. exercls" 7 mm flee” lol. me coming year. gregattonal stngtng of Forth in thy Past president, Mrs. Hazcn How- llame 0. L."rd ".9 E" " Th” ."'e"l' "cl. Cornwall Chrtsttan witnesses to (rod Ill President. Mrs. F. W. Cutcliffe ms dmly vmrk and m.wcm um lurederlclon ' tact wrloughtlof the pr1celesslmet- lst vice-president, Mrs. R. I-'. ll1ac- 31 0: slnulrmy and hl"'95ly' I Auslandl Blmmlleld . Prayer by the president closed 2nd vice-president, Mt-s:John Scull. me Pnlsbl "31" Summerside C Recording secretary, Mr.-t. Wilbur Webster. Maine Corresponding secretary. Mrs Sta- nley Thompson, l3l lllllslwm Sly neil found 21 co-opcrattvc subject Cllarlulleluwn for animal pltotogt'aph)'. A bull Treasurer. llllm lllmda Brulln-lIllf)ti.i(' nalkt-ti into her yard e-all General Delivery. Charlottetown or he” 3'?” ””'”d il"l””3' Wl'll' Secretary of Christian Stcwardshtp, she "wk l”i'"”e5- Mrs. C I). Mathesun. Sutuntcrsitlc. Secretary of Missiott (,'.l1't'l0.s audl Affiliated c. G. I. T. Hrs. tutu...-i

POI.iTI-I MOOSE lt()(.'l(Y .'li()L'NTAlN HOUSE, Alta. I('P- .. Mrs. .l. A. McDon-

How To Live