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WHEREAS the Board of Trustees of the Roman Separate Schools for the Town of Timmins reâ€" quire to ‘borrow the sum of $11,000 to provide funds for the purpose of comâ€" pleting the construction of a gsehaol building in the Separate Sehool Disâ€" trict for the Town of Timmins, and for such purpose to issue dedbentures therefor, bearing interest at the rate of Five ‘and oneâ€"half per cent. per annum, which is the amount of the debt intended to be created by this I‘:_V-]fl“ AND WHBDREAS it is expedient to make the prineipal of the said debt repayaible in yearly sums, during the period of twenty years, of such amounts respectively that the aggreâ€" gate amount payalble for principal and interest in any year shall he equal as nearly as may the to the amount so payable for principal and interest in each of the other years; AND WHEREAS it will be necesâ€" sary to raise annually the sum of #320.60 during the period of twenty years to pay for said yearly sum of principal and interest as they (become due ; AND WHEREAS the amount of the whole rateable property rateable for Separate Scehool purposes in the said Town of Timmins, according to the last revised assessment roll, is $1,559,703.00. AND ‘WHEREAS the amount of the existing debenture debt of the Board of Trusteese of the ‘Roman Catholie Separate Schools for the Town of Timmins is $141,000.00 and no part of the principal or interest is in arrear. iX + NOW THEREFORE The Board of Trustees of the (Rioman ‘Catholic Separate Schools for the Town of Timmins ENACT‘S AS FPOLLOWS :â€"â€" 1. That for the purpose aforesaid there sha‘l Ibe borrowed the sum of $11,000.00 and ‘debentures shall be i~sued therefor in sums of not less than $100. 00 éach, bearing interest at the rate of ‘Five and oneâ€"half per cent. per annum and having coupons attached thereto for the payment of interest. 19 B() #000¢00000000009000000000000090000060 Byâ€"Law of the Board of Trustees of the Roman Catholic Separate Schools for the Town of Timmins, to raise by way of loan the sum of $11,000 for the purposes [therein mentioned. The debentures shall all bear the Bringing Up Father Principal $11,000 . 00 10,0%4 .40 10,301 . 44 10,000 .17 9,620 .58 9,238 .61 8.826 .13 $.390 .97 7 A47 6,830 06.397 5,828 .70 5,228.G8 4,305 1,695 .73 868 .39 ) BYâ€"LAW No. 10. SCHEDULE "A" Part of Principal 11,000 .00 433 4509 484 5110 539 56° 60 63.3 BOT 7 04 8(;8 1O 3 O1) same date and shall be issuned within one year from the date on which this Byâ€"law is passed, and may bear any date mwithin such year, and shall be pavalble in twenty annuat instalments during the twenty years next after the time when the same are issued and the respective amounts of pruicipal and interest. payable in each of said years shall be as set forth in Weheâ€" duwie **A*‘ hereto which is hereby deâ€" clared to be and form part of this Byvâ€"La w. . 33 .20 3. ‘Dhe debentures as to both prinâ€" cipal and interest may be expressed in Canadian eurrency and may be payable at any branch or Ibranches of the Canadian ‘Bank of Commerce any place or places in Canada. 4. The Chairman of the said Board shall sign and issue the dobentures and interest coupons, and the same shall also lbe signed by the Secretaryâ€" Treasurer of the said Board, and the debentures shall be sealed with the Corporate Seal of the said Board. 6O 06 99 7. The said Deabentures may conâ€" tain any clause providing for the revistration thereof â€" jauthorized by any Statute relating to Municipal deâ€" bentures in force at the time of the issue thereof. 50 01 48 16 10 «1 02 02 TINALLY PASSED this 22nd day of December, 19253. Interest 605 . 60 387 .04 569 .33 .01 308 48J aO41 .O d 252 .16 211 . 0.3 11. 301 320 281 . 40 61 51 8G # us . Q4 J. W. WALSH, Secretaryâ€"Treasurer. J. E. NEWTON, Payment 920 .60 920 .60 820 , (0) $ ©820.60 920 .60 920 .60 920 .60 920. 920. 920. 920. 920. %20 . 920. 920. 20. 920. 920. .60 02( . 920 60 GUO 60 60 60 60 6O 60 50 6O 60 $18,412 .00 Annual Chairman. The Keynotes in Address in Legisâ€" lature Last Week by Hon. James Lyons. In the Legislature last week Hon. James Lyons, Minister of Lands and. Forests, gave a comprehensive alll’-‘ vey of the Department of which he. is the head, with particular reference to Northern _ Ontario‘s potential wealth and its development. Mr. Lyons pointed out that the time was at hand when the Government would do well to seriously consider the esâ€" ablishmeat of a Department of Reâ€" search to see what could be done in the way of the consenvation of forâ€" estry products by the utilization of byâ€"products. He condemned the forâ€" mer (Government for extravagance, an extravagance that he estimated had increased the total taxation in Omâ€" tario by $40.00 per head. He menâ€" tioned that the ‘former (Minister of Lands and Forests, Hon. Beniah Bowâ€" man, had been generous with his own constituency of Manitoulin. â€" During the U.F:O. regime expenditures in Mr. Bowman‘s riding had increased sevenâ€"fold over those of the previous four years. In the riding of Stuarâ€" geon Falls the increase had (been fourâ€" fold. Under the present Government the intenrtion was to make expendiâ€" tures where the settlers needed roads ‘and other works, rather than to make the expenditures â€"rewards for the vwotes of constituencies or memlbers. Press reviews of the address by Hon Mr. Lyons show that the Minâ€" dster announced a reorganization of ‘the administration of the Northern '()nt(mo roads system, previously divided according to locations and conditions under three Provincial deâ€" partments. (Coâ€"ordination would he effected, he said, which would elinrinâ€" ate a condition which he described as retaining one official far every unit of expenditure .of $1,200. MORE ROADS FOR NORTA, AND FOREST PROTEGTION We he said, ‘‘to give greater consideration to the building of branch trunk roads. At the presâ€" ent sime little consideration has been gciven to them. We propose to serve the outlying districts by «constructing more branch roads and by maintainâ€" in# them in good condition.‘ Within the next three years he hoped that the (@Government would have completed the link in the proâ€" posed transCanada highway bet‘ween Port Arthur and the (Manitoba boundâ€" ary, a distance of 115 miles. Ontario, he said, should not "ag behind in link ing up the two, extremes of the counâ€" trvy by a huighway. He â€"stressed the . importance of Northern ‘Ontario‘s pulp industry to the Province and the country as a whole, and said it the intention of the Government to work out . a policy that would provide continuous supplies of, raiw material, not only for existing industries, ‘but any others that the Government "might approve of in perpetuity. A general survey of Ontario‘s timber resources would be undertaken very soon. Hon. Mr. Lyons quoted statisties to support his advocacy of a policy of the retention in Canada for manuflacâ€" turing purposes of the raw materials of the forest and estimated that Canâ€" adian workmen and ‘Canadian indusâ€" try had dost untold millions in past years in permitting the bulk of the manufacturing to jbe done in the United States by Amerijcan workmen. If Canada was going to. continue to sell pulbpwood to the American manuâ€" facturer, she should get in return free entry of all Canadian wood products into the United States. As a step toward economy, the Minister said that there was urgent necessity for the working out of some scheme to have complete cutting operâ€" ations conducted in forest areas, where previously the newsprint comâ€" panies had gone through and simply cut off the spruce. Before another year, he believed, a system of â€" slashâ€"burning _ will have been devised which would constitute a solution of a longâ€"standing prolblem "Oh, Father, the T. N. O. is Late" Porto Rico‘s Other Records for Disâ€" tance are British Columbia and Scotland. PORTO RIGO RADIQ HEARD IN TIMMINS REGENTLHY Recently ‘Mr. P. Dougall, who is an ardent radio fan had the pleasure of listening in on a radio programme broadcasted from (Porto Rico, one of the West Indian Islands. This was the first time that Porto Rico had been heard in Timming and Mr. Dougâ€" all was naturally proud of the receord thus made. Last week (Mr. Dougall recerved a letter from the Radio Corâ€" poration of Porto Rico, in answer to a card that he had sent, saying that on the morning ‘he had listened in it was a special concert that was being broadcasted. The â€" letter _ further stated that the distance records for the (Porto (Rico ‘broadcasting station were British |Columbia in Canada and Scotland in Great Britain. The Radio Corporation station is in the centre of San Juan de Porto Rico, the capital of Porto ‘Rico, ‘‘the Island of Enâ€" chantment.‘** Porto ‘Rico, formerly one of the Spanish West Indian . Islands, was discovered by Christopher Columbus in 1493. ‘Ponce de Leon founded a settlement in 1510. The island was ceded by Spain to the United States after the iwar of 1898 and in 1900 civil government was conferred. The chief exports are sugar, rum, molasâ€" ses, coffee, tobaceo, hides, live stock, dye woods, timber and rice. There are extensive phosphate deposits along the south coast. Gold is found in the mountain â€" streams. Copper, lead, iron and coalâ€" have also been found, and there are saline or salt ponds. An excellent school system is in iforce on the island, with comâ€" pulsory attendance. The people are anxious for genera‘) education and adâ€" vancement. The population is a‘bout 1,300,000. _ San Juan, the capitall city, is an upâ€"toâ€"date city of about 75,000 people. San Juan is some 2,300 miles from Timmins, ‘‘as the crow flies,"‘ so the radio concert heard here made a reeord. The concert came through clear and distinect. A SOUTHERN NAME FPOR THE TRAIN ON T. N.0O. EXTENSION There is an old saying that you have to go away from home to get.the news. As an example, word comes from Hamilton, (one of the Jittle suburbs of (FToronto), that the train on the northern extension of the T. N.0O., Cochrane to Island Falls Junetion, is known as **The Polar Bear Limited."‘ Coincident with this news is the inâ€" formation~that iCol. J.4L. MacdLaren, of Hamilton, one of the T. N.O. Commuissioners, is armed with official reports showing that the Polar Bear Limited has been late only once all winter, and that no southern railroad can, equal this record. It‘s a good little record, all right, and well worthy of emulation tby the rest of the T. N.O. srstem as we‘ll as lby the railâ€" ‘ways of the South. Easter Monday Dance, under the auspices of the St. Matthew‘s Girls‘ Auxiliary, in the Masonic Hall, Timâ€" min‘s,(on Monday evening, April 21st. Wolno‘s Orchestra will furnish good music for the occeasion. in Ontario lumbering operations. He intimated that when the system was worked out operations would ibe made compulsory on timber companies. There were 89,000 square miles of forest left in Ontario, he said, which was not any too considerable when oneâ€"considered that 2,120,000 acres had been Iburned over ‘last year, of whickBR30 per cent. had been highâ€"class timber lands. He went on to state the department‘s determination to nse every possible effort to curtail forestâ€" fire losses in Ontario. WThe utilization of its own air foree for that purpose, he said, hadâ€" effected ~eonsiderable economy. JOST THINK â€" HE‘S OINnG TO PLAY FOR US AAIN: THE steady growth and increasing usef ulness of ‘-‘.A-r\ p~upâ€" C 9 en o o n nsl L on n *11 _ --A._.AL_.! EVC Sn P e Wws * this company may be illustrated in no more striking way than by the figures showing the annual payments â€"to policyholders. ‘For example, this table comparing figures for every tenth year since 1873 : The total disbursements of the Mutual Life to policyâ€" holders or their beneficiaries up to the end of 1923 amount: to the immense sum of $47,108.707.62. Policyholders of today will appreciate the present position of the Company when they understand that at the present moment we hold in reserve for future pavyments no less than $59,383,426.66. This means a total either paid to policyâ€" holders, or held in reserve for them exclusively, of $1060,492,134.28. The Mutual Life of Canada is one of the strongest insurâ€" ance companies in the world. Let us send our literature explaining the principles of true Mutuality. *MUTUAL LIFE OF CANADA : Waterloo,.Ontario SULLIVAN NEWTON District Managers TIMMINS _ QONTARIO 1873 1883 1893 1903 1913 1923 By Geo. McManus 2,687 62,595 212,828 493,721 1,396,445 . 5,369,743