Ontario Community Newspapers

Porcupine Advance, 3 Feb 1927, 2, p. 11

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England, where he went early in Noâ€" vember in the interests of the comâ€" pany. Mr. Harris had previously visitâ€" ed ngland some months ago, when his daughter was presented at 8t. James Court. Negotiations «at that time were started and have recently been consumated. « *Harris Consolidated Company now own the largest area of mineral lands of any one company in the Porecupine Mining District, having over 2,200 acres fully paid for. Some of the properties have extensive plants and equipments thereon, which will be more easily brought into production. Diamond drilling and othe developâ€" ment work has proceeded on Harris Large Block of Shares Has Been Unâ€" â€" derwritten in The Old Land. Capitalization Twelve Milâ€" lion Dollars The following reference is made in a reeent issue of The Mail Empire: ‘*‘Mr. L. G. Harris, of L. G. Harris and Company, president and general manager â€" of â€" Harris _ Consolidated Mines, Limited, has just returned from BRITISH GAPITAL N THE HARR!S PORCUPINE MINES EWaraol Flt and Pneumonia Neglected bronchial colds are danâ€" gerous. Stop them instantly with Buckley‘s Mixture. Its action in reâ€" leving the cough and clearing the tubes is amazingly swiftâ€"and sure. a positive gurrantee. Buy a b today, and be safe. W. K. Buckley, Limited, | 142 Mutual St., Toronto 2 a positive gurrantee. Buy a bottle AUDITORS®S‘ REPORT TO SHAREHOLDERS We RErrort to tE Snarrnuoro®rs or Dominxnion BaxK:â€"â€" That we have audited the above Balance Sheet as at December 3ist, 1928, and compared it with the books and vouchers at Head Office and with the certified returns from the Branches. We have obtained all the informâ€" ation and explanations that we have required, apd in our opinion the transactions of the Bank which have come under our notice have beena within the powers of the Bank. § â€" In our opinion the Balance Sheet discloses the true condition of the Bank and is as shown by the books of the Bank A. W. â€"AUSTIN, â€"Circulation Fund.. Mortgages on Real Estate sold Other Assets not included in the foregoxng At the Fiftyâ€"sixth Annual General Meeting of the Shareholders of The Dominion Bank, held at the Head Office, in Toronto, on 26th January, 1927, the following Statement of the affairs of the Bank as on 31st December, 1926, was submitted:â€" than in Canada.. Bills Payable ... Liabilities not included in the foregomg Other Current Loans and Discounts in Canada (less rebate of interest) after making full provision for all bad and doubtful debts.. Other Current Loans and Discounts elsewhere than i m Canada (less rebate of interest) after making full prov:slon for all bad and doubtful debts. Liabilities of Customers under Letters of Credxt as per contra Real Estaté other than Bank Prexmses uin td s 5) Nonâ€"Current Loans, estimated loss provnued for : Bank Premises, at not more than cost, less amounts wntten off Deposit with the Minister of Finance for the purposes of the Capital Stock paid in. Reserve Fund .. Balance of Profit and Loss Account carned forward Dividend No. 177, payable 3rd January, 1927. . sY Bonus, One per cent., payable 3ard January, ig27. :. .. Former Dividends unclaxrned s cssn Advances under the Finance Act .. Balances due to other Banks in Canada Balances due to Banks and Banking Correspondents elsewhere Total Liabilities to the Shareholders. ... Notes of the Bank in Circulation .. Deposits not bearing interest. 2 Deposits bearing mtereat, m(.ludmg interest accrued to date. . Letters of Credit Outstanding Gold and Silver Coin, current. Dominion Government Notes.. .. ... Daeposit in the Central Gold Reserves.. Notes of other Banks .. United States and other Porexgn Currencies.. Cheques on other Banks.. k Balances due by other Banks in Canada.. Balances due by Banks and Banking Correspondents elsewhere than in Canada.. ts s CA s aik o Dommxon and Provincial Government Securities, not exceed- ing market value. .. .. Canadian Municipal Secuntles and Brmsh Porexgn and Colonial Public Securities other than Lanadlan not exceeding market value...... Railway and other Bonds, Debentures and Stock:,, not exceeding market value.. k Call and Short (not e\ceedmg thlrtv da»s) Loans in Canada on Stocks, Debentures and Bonds and other Securities of a suflluent marketable value to cover. Call and Short (not exceeding thirty days) Loans elsewhere than in Canada on Stocks, Debentures and Bonds and other Securities of a sufhfcient marketable value to cover . ROXTO, January President. Fiftyâ€"sixth Annual Statement Jeems (turning over lazily in his bed)â€"-“Na, na I never tak‘ onything thro‘ the nicht.‘‘ ‘*The shareholders‘ annual meeting of Harris Consolidated Mines, Limitâ€" ed, was held in Hamilton, last week at tlu Royal Connaught Hotel, in one of its largest ball rooms, which was fillâ€" ed to overflowing. The following oflicers were elected for the ensuing year: L. G. Harris, president and genâ€" eral manager; N. C. Harrison, a manuâ€" facturer, Boston Mass:; Reginald H. Johnson, attorneyâ€"atâ€"law, of the firm of Storey, Thomd}l\e Palmer_ and Dodge, Boston Mass.; Dr. Kenneth McVey., (Grieve, in the morning at farm to young lad fee‘d for the first tiumeâ€" ‘"‘Come awa‘ tae yer brose, Jeems. It‘s halfâ€"past five.‘‘ ‘‘Mr. Harris succeeded, while in England in having a large block of treasury shares underwritten at a price that will give the company suffiâ€" cient capital to put several of these properties on a productive basis, alâ€" though he reports that there has been a strong prejudice against anything pertaining to investments in Canada particuarly mining. It was a very difficult matter at first to get the atâ€" tention of a strong financial concern, and it was only through a personal connection that he obtained the necesâ€" sary fund for mining in Northern Onâ€" tario. One of the redeeming features of Harris Consolidated Company, in the opinion of the English financiers, is the fact that the properties are enâ€" tirely paid for and the company free from debt. "©Shares of Harris Consolidated will be listed on the London Stock Exâ€" change at an early date. _ Harris Consolidated has a very bright future, and is destined to become one of the big operating companies of the counâ€" try. Dr.Kenneth MeVey, Toronto; Sir Alfred Melly and Sir John Preâ€" tymnan Newman, London, England, are interested in the venture."‘‘ Consolidated properties since early in March, 1926. Diamond Drilling has been carrled on, on the property forâ€" merly known as Beaumont Gold Mines which bas been taken into this conâ€" solidation, with what are reported as splendid results and a very large body of ore has been indicated with high assavy values ‘*‘Although the capital of Harris Consolidated Mines, Limited, is $12,â€" 000,000 ($1 per value shares) with UO()O 000 in the treasury, no shares hase as yet been issued. GENERAL STATEMENT LIABILITIES ASSETS $19,070,348 83 A. Bâ€"SHKEPHERD, C.A of Peat, Marwxck Mitchell Co D. MCcK. Mc_(_,‘LEI,LA\I_) F.C.A of Price, Waterhouse C . _ $ 2,126,813 11 _ 9,161,472. 50 1,500,000 00 886,300 00 121,030 04 7,998,834 23 34 43 $ 7,000,000 00 1,0832,554 92 180,000 00 60,000 00 98,860,580 94 1,738,008 46 24,601,159 95 15,378,393 54 56,731,593 66 4,808,942 48 2,151,928 34 9, 2,806,675 64 3,429,153 75 * * 3,397,021 78 36,754 10 267,870 94 5,724,24l1 43 7,455,572 00 1,261,229 32 104,652 00 690,611 69 314,650 00 38,889 65 255,237 49 C. A. BOGERT, : BRIDE OF FEW WEEKS | SUFFERS PARALYTIC STROKE DIAMOND DRILLING FOR COAL NORTH OF COCHRANE The Haileyburian last week says: ‘*Mrs. (GGieo. Duclos (nee Miss J. A. Qliver) of Elk Lake, suffered a paraâ€" vytic stroke in her home this week and is seriously ill as a result, She was formerly a resident of Haileybury and has many friends here who will learn with great regret of her illness. Mr. and Mrs. Duclos were married here on New Year‘s Day. Mrs. R. J. Oliver, her sisterâ€"inâ€"law, went to Elk Lake on Tuesday and Mrs. Duclos is being taken today to the Mines Hosiâ€" tal at Cobalt for treatment.‘‘ ‘*Diamond drilling in the prospecâ€" tive coal field in the Mattagami Kiver area north of Carrying Place has not been very successful as yet. The first hole was put down three or four miles from the original indications. The piping was extended to about 170 feet in depth without encountering solid structure. Trouwble was experienced with pipes breaking and the hole had to be abandoned. A second hole is now in progress at a point closer to the river. ~ Observers are mystified over the drilling being done so far from the original indications. It is difficult to understand that if eoal was indicated at a depth of about 113 feet more than a year ago at a point close to the river, why the present explovnation campaign should not have been centred there for the purpose of securing confirmation or otherwise.‘‘ The above paragraph would have been much more helpful to the public, and much more informative, if Mr. McRacâ€"â€"had interviewed those in charge of the diamond drilling and found out from them or from the management why the procedure sugâ€" gested is followed. No doubt there is good reason, and to leave the matâ€" ter the way it is left does not illumiâ€" nate the situation or assist in letting the public know whether there is coal in commercial â€" quartities north of Cochrane. "©So you‘ve sold three dozen pairs of garters since morning?‘‘ cried the lady customer. ‘‘I don‘t see where they all go to."‘‘ ‘‘Neither do I‘‘ blushed the male clerk,. Writing from Cochrane to The Mail Empire, Mr. J. A. McRae Ssays :â€" THE PORCUPINE ADVANCE, TIMMINS, ONTARIO General Manager. $127,780,858 11 $ 60,014,343 53 $ 6,000,000 00 $127,780,858 11 $ 14,273,091 92 110,110,744 41 3 397 021 78 67,766,514 58 8,273,091 92 ononomipnooanan‘s Dr. Robert Harvie, late of the Doâ€" minion Geologiceal Survey and one of the first geologists to study the Queâ€" bee field, has been in charge of the Born in Englind ......... ... 156,677 Born in‘ Sceotand ........ .}... . 47 432 Born in ‘Ireland.. ; . 19,342 Born‘in Wales"..:............ 4,172 Born elsewhere in Empire .. _ 9421 Born in United States ...... 37,391 ‘‘It will thus be seen that 318,705 were born in Canada, or 51.4 per cent. of the total. Those other Canadians bormn within the Empire but not in Canada, were 237,605 or 38.3 per cent. of the total. And in the diseussion of the subject it is always fitting to reâ€" call that 37,391 of the men who enâ€" listed in Canada were born in the United States."! PROPERTIES IN CLERICY BEING CLOSELY EXAMINED "In New Liskeard there were so many Englishmen in the local company that when they left for the front, the local Sons of Britons Lodge had to be closed down for the time. A letter in a Toronto newspaper has started a discussion as to the reâ€" lative merits of nativeâ€"born and Oldâ€" Countryâ€"born Canadians. Such a discussion is necessarily unprofitable and of illâ€"effect. Both proved themâ€" selves true men in the great war, and to go further than that is likely to breed unnecessary animosties. In such a discussion misâ€"statements are likely to be made on both sides, and no good results. There is a chance for harm. The (ilobe and The Star, of Toronto, have ‘both had their say, and the outâ€" come has not been much for the adâ€" vantage of anyone concerned. _ The New â€" Liskeard Speaker, however, has joined in the _ discussion and seems to have cleared the air, leaving the subject clarified, and no doubt all feeling satisfied that Oldâ€"Country folks make good Canaâ€" dians, and Canadians are loyal always to the Empire and the right. In a front page editorial last week The Speaker sums up the situation in the following article :â€" ‘‘None can honestly belittle the splendid part the English born in Caâ€" nada took in the war, nor the Canaâ€" dians either, but it is nonsenical and harmful to institute comparison, when all did so well. The second operation is an ing driven into a large lmnl} to large surface showings of c ite. While the tunnel was solely from the standpoint o mical mining, yet the surfac with seams of chaleopyrite. NOW THE TEMISKAMING ENGLISH ANSWERED CALL ‘*The Daily Star takes the Globe to task for publlshms._ a letter without comment which alleges that Canadians did not take the active part in the war they should in comparison with the part taken by the English living in Canada. It was alleged that ‘‘eightyâ€" five per cent. of the enluisted men were born in the oldâ€"country, and that seventyâ€"five per cent, of . them were Englishmen.‘ ‘*The Star‘s figures puts the matter right, and for the satisfaction of the inquisitive : Total enlistments in Canada .. 619,636 Born in Canada :.;. 318,705 Born in Englind ......... ... 156,677 Born in‘ Sceotand ........ .}... . 47 432 Bornâ€" in ‘Ireland.. ; . 19,342 Showed Great Anxiety to Get Into Firing Line in the Great War. Some Remiscences. *A few months after the war broke out, the writer was in Victoria, B.C., and saw an Englishnan who had come from hundreds of miles in the Southâ€" ern Pacific on his way back to Engâ€" land to enlist, while there were three who came from the shores of the Areâ€" tic Ocean, also on their way **Home did so well. oper of econoâ€" ce is shot i adit o tap tw chaleop:s s locate The Finaneial Post in a récent isâ€" sue says :â€" ‘*There may be sermons in stones and running brooks and good in everything, yet to the casual or to the unobservant eye, the good which lies on the surface is usually so apparent that it perhaps does not receive the attention which it deserves. An inâ€" tance of this lies in a meeting of one of the weekly service luncheon elubs in Montreal. ‘*It is, of course generally realized that these elubs do a not inconsiderâ€" able amount of good work in social service way, but perkaps they achieve much greater results in other direcâ€" tions. At this particular luncheon, a French Roman Catholie Montreal business man presented a clock to a Methodist parson jand in sinecerity wished him God speed in the new work to which he had been called in another province. The next item on the programme of theaneeting was an appeal by a Jewish member of the organization for further funds and for assistance in carrying out the club‘s programme â€" ofâ€" distributing Christmas presents to underprivileged kids in the poorer parts of the city. character, the intentions or the ideals of the various creeds and nationalities which all combined produces Canaâ€" dians. *‘*Men who have worked together in ths way in all these clubs across Caâ€" nada cannot in the future be made to believe bedâ€"time stories regarding the "‘Fifty years ago in Montreal, it would have been impossible to find any such group of men gathered toâ€" gether exceept to serve their own perâ€" sonal ends. Toâ€"day all the componâ€" ents of our nation are just beginning to know one another and just beginâ€" ning to appreciae one another; for the last ecannot help bhut be a corollary of the first. f ‘*‘The working together of those of different nationalities and different creeds in this fashion is without doubt one of a most helpful portents for the future.‘‘ j ONE OF THE GOOD WORKS OF THE SERVICE CLUBS ‘"‘In the Heart of Moneta‘"‘ Cor. Pine St. and Kirby, Timmins 29 Third Avenue CASH OR EASY TERMS Cor. Mountjoy Street and Third Avenue Timmins PHONE 59%5â€"W "Half a Moon"‘ © Sold by 2. ‘‘(Tschaikowsky) Part re 1812 Overtu "Hello Bluebird" "T‘ve Got the Girl" "1812 Overture" RECORDS Â¥ex Trots from ‘"Honeymoon Lane." Ben Bernie and His Hotel Roosevelt Orchestra. (A4eveland Symphony Orchâ€" estra, Nikolai Bokolof, conâ€" Voeal Choruses. Nick Lucaes, "the Crooning Troubador," with Guitar. Piano â€" accompaniment by Sammy Stept. GEO. TAYLOR HARDWARE LTD. 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