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.I ANUAANNIAN 'W‘WTIONAL CGRrocers company LImiTED JA 1 WwWHOLESALE â€" oisTRiou ToR 8 â€"â€" Thursday, Feb. 2nd, 1928 BEST FOR ALL YOUR BARKING, The Fiftyâ€"seventh Anrual General Meeting of The 1 Office in Toronto, on Wednesday, January 25th, 1928, at affairs of the Bank as on December Sist, 1927, was submi Capital Stock paid in.......... Reserve FUunt...... 2. 7231 se n t n +k [X Balance of Profit and Loss Account carried forward Dividend No. 181, payable 3rd January, 1928. ... .. Bonus, one per cent., payable 3rd January, 1928 . .. Former Dividends unclaimed . .......... e eÂ¥ x+ Total Liabilities to the Shareholders. .. Notes of the Bank in Circulation............ Deposits not bearing interest............... $ Deposits bearing interest, including interest Accrued 10 Balances due to other Banks in Canada.............. Balances due to Banks and Banking Correspondents Wwhere than:in Bills Liabilities not included in the foregoing .............. Letters of Credit Outstanding....... Gold and Silver Coin, xk k k ks 6k s * Dominion Government s k es e ks }}s Deposit in the Central Gold c Notes of other 6018 United States and other Foreign Currencies............... Cheques on other Banks. . Balances due by other Banks in Canada.................. Balances due by Banks and Banking Correspondents elseâ€" where than in s Dominion and Provincial Government Ssecuriti¢s, nol CA~ ceeding market value.............}}g+} 6c u6n ces Canadian Municipal Securities, and Bl’ltlbh Forengn ‘and Colonial Public Securitiee other than Canadian, not exceeding market value. ............} se uc c ty ki Railway Call Other Current Loans and Discounts in Canada (less rebate of interest) after making full provision for all bad and doubtful . sn k5 $ Other Current Loans and Discounts elsewhere than in Canada (less rebate of interest) after making full provision for all bad and doubtful > > }s> Nonâ€"Current Loans, estimated loss provided for............ Bank Premises, at not more than cost, less amounts written off Real Estate other than Bank Premises..............> ++ Mortgages on Real Estate sls l Deposit with the Minister of Finance for the purposes of the *‘â€" Circulation Other Assets not included in the foregoing Liabilities of Customers under Letters of C Ws REPORT TO TE SHAREHOLDERS OF Tuxz® Domixntonx BaANK:â€"â€" That we have audited the above Balance Sheet as at December 3ist, 1927, and compared it with the books and vouchers at Head Office and with the certified returns from the Branches. We have obtained all the inforâ€" mation and explanations that we have required, and in our opinion the transactions of the Bank which have come under our notice have been within the powers of the Bank. _ . . * In our opinion the Balance Sheet discloses the true condition of the Bank and is as shown by the books of Bank. the A. B. SHEPHERD, C.A. of Peat, Marwick, Mitchell Co, D. McK. McCLELLAND, F.C.A. ce i e e e on o oo io t C ap Wnn . * of Price, Waterbouse Co. A. W. AUSTIN, Ai CJ\\,D\'\AIIIB P ds C ds ts ols th 2 Anc h ts d d o ie h P way and other Bonds, Debentures and Stocks, not exâ€" ceeding market tA ue and Short (not exceeding thirty days) Loans in Canada on Stocks, Debentures and Bonds and other Securities of a sufficient marketable value to cover . . ...........> and Short (not exceeding thirty days) Loans elsewhere than in Canada on Stocks, Debentures and Bonds and other Securities of a sufficient marketable value to cover President. Provincial Government Securities, not exâ€" Fiftyâ€"seventh Annual Statement Premier and Cabinet to Make Tour of the North Country Plans Now Under Way for Trip Over the T. N. 0. Party May Include Members of Legislature. â€" Mining, Pulp and Paper, Forest and Farm Development to be Viewed. Trip to be After Close of Session. Plans are now being worked out by Mr. Geo, W. Lee, chairman of the T. N. 0. Railway Commission, for a tour of the North Land by Premier Ferguson and his Cabinet. _ If the plans developed, as at present hoped for, the event will be a trip not only for the Premier and the Cabinet but also for the members of the Legislaâ€" ture. â€" For several years past there have been proposals, chiefly from the North Land, that the members of the Provincial Parliament should pay a regular official visit to the North. It regular official visit to the North. It is felt here that if the members of the Legislatureâ€" were acquainted with this North Land and knew from perâ€" sonal touch the possibilitiee of this country, there would be less disposiâ€" tion to question investment of public money for the development of the North. Up to date, however, not even. all the members of the Cabinet have visited the North. This country is forâ€" tunate in the fact that the Hon. G. Howard Ferguson knows the North very completely; Hon. Chas. MeCrea is a North Land man himself; Hon. Wm. Finlayson has spent time and effort without stint on learning all possible at first hand in regard to the North and its problems, his visits here being frequent and his interest ind attention unfailing. Something more will be accomplished if the whole Cabinet visit the North and see for themselves. _ All the North asks or requires is a fair deal. Everything spentâ€" here is money well expended for the province. If the members of the Cabinect and the Legislature were all AUDITORS®‘ REPORT TO SHAREHOLDERS GENERAL STATEMENT LIABILITIES ........Q.‘O00....00..... ooouooocoolo...c.ooooooo- Brves Te 35 ce t 1 DN N0 NeA c t t t 0 iCW L O% Ne t(# ...... 15 .. % I.............. ... . $21,857,656 95 erest . 86,899;262 98 ASSETS redit, as per contra ing of The Dominion Bank was held at the Head th, 1928, at which the following statement of the , was submitted :â€" elseâ€" $ 7,844,817 00 $ 26,652,084 21 ~~14,970,048 05 $ 59,235,617 13 108,756,919 93 2,199,987 74 2,924,818 09 17,568 00 635,915 02 15,088,105 35 151,3183 11 8,046,539 01 1,964 00 3,478,017 66 4,313,374 26 2,266,311 14 5,886,430 85 1,428,765 85 181,568 77 5,531,630 99 35,545 60 31,296 60 fully seized of the possibilities of the North they would be even more ready. than at present to invest the country‘s money for the development and the consequent progress and prosperity sure to follow. The tour planned by the T. N. 0. was designed at first to show the railâ€" way and the country to the Cabinet as a whole. Since then, however, it is understood that the party has been broadened to include members of the Legislature, and it may finally deâ€" velop into a regular erusade from the south of the members of the Legislaâ€" ture, irrespective of party or other standing. _ Probably the only thing that stands in the way of such a eruâ€" sade is the cost. â€" It is certain that the | 314,650 OO 207,227 43 THE PORCUPINE ADVANCE, TIMMINS, ONTARIO standing. _ Probably the oniy thing that stands in the way of such a eruâ€" sade is the cost. â€" It is certain that the T. N. 0. has the necessary organizâ€". ing gifts to carry through the most: ambitious plans along this line. It would appear to people in the North Land that no matter what the cost of such a trip, it would be worth all it cost. There is little doubt but that one of the great hopes of the continuâ€" ed prosperity and progress of the proâ€" vince rests with the development of the wonderful resources of the North. As a preliminary to a general acceptâ€" ance of this fact, it would surely be a good thing to have all the members of the Legislature visit this country and see conditions, progress, and prosperâ€" ity. It would mean that hereafter proposed expenditures for the develâ€" opment of the North would ‘be conâ€" sidered intelligent â€" personal knowledge as a guide. The proposed tour of General Manager. $ 6,000,000 00 $ 14,362,630 46 $141,482,753 72 $ 69,776,353 86 122,380,025 78 4,740,097 49 $141,482,753 72 8,362,630 45 inspection of the North Land is â€" place shortly after session of the Legi trip, the lines of the the North Land is expected to take place shortly after the close of the session of the Legislature. On the trip, the lines of the T. N. 0. will come in for special attention as a matâ€" ter of course. The party will travel by the T. N. 0., and their tour will include visits to Kirkland Lake and Rouyn. â€" Kirkland Lake will prove of great interest, and as Hon. Wm. Finâ€" layson has a particular regard for that camp, the party will likely see and hear a lot about its progress. The trip to Rouyn will be made over the new branch line of the T. N. 0. to that camp. _ Cobalt, Haileybury, Liskeard, Iroquois Falls, Timmins, South Poreupine, Schumacher, Cochâ€" rane and other centres will be visited, and these places will no doubt receive the attention that is their due. At the last session of the Legislature, Premier Ferguson promised considerâ€" ation to the idea of a visit of the whole Legislature to the North, holdâ€" ing that a view of the wonderful minâ€" ing development, the great pulp and paper industries, the railway extenâ€" sions and other North Land features would be well worth while. The big paper industry at Iroquois Falls is worth a visit alone, while there should also be keen interest, indeed, in the other pulp and paper industry and town built on such a remarkable sceale in a short time at Kapuskasing. The mining areas of the. North should come in for special notice on the tour. No doubt they will. The Minister of Mines for Ontario, Hon. Chas. MeCrea never misses an opporâ€" tuniy to see that the mining features of the North are given due consideraâ€" tion. At Cobalt there is the world‘s leading silver camp. _ The second. greatest gold area in the world is that of the Porchpine eamp, which centres around Timmins. â€" Kirkland Lake is a new gold camp that merits notice. The new Kamiskotia copper camp is holding attention and interest in the mining world toâ€"day. The Sudbury areaâ€"the world‘s great nickel camp â€"also deserves a call. The proposed trip should be of great value to the province as a whole, and the more extended the seope of the personnel of the party visiting here, the more valuable the tour will prove from the provineial viewpoint. It is to be hoped that arrangements may be made to have the tour a reguâ€" lar erusade of all the members of the Legislature, and that all the members will find it possible to go on this trip and see what this North Land has to offer in the way of resources, indusâ€" tries and possibilities. TORONTO BROKERS JOIN MONTREAL STOCK EXCHANGE The Northern Miner last week says: members of the Standard Stock and Mining Exchange, Toronto, are reported to have recently bought seats on the Montreal Mining Exâ€" change, and it is said others will folâ€" low. There is a ticker connection between the two exchanges and it is expected that there will be much more activity on the Montreal Market than heretofore."‘ GOVERNMENT CHASES THE FRAUDULENT BROKERS Almost a hundred cases of alleged fraudulent brokers acting in Toronto have been brought before the courts, Attorneyâ€"General Price stated in Toâ€" ronto last week. Thus the attorneyâ€"general says A hundred schemes for muleting Toronâ€" to citizens have been nipped in the bud. 1 The modern apartment kitchenet is extonsively condemned, but after all, vou must have some sort of garage for the Star, c 2t .A canâ€"opener.â€"Border Cities a number of to our province s and finding a illible, gets him ) with him in a SVNDIGATE PLANNING LINE 1O CRIBOUGAMOU Announcement Made That Will be Interest to South Porcupine People Interested in Mining V enture A group of South Poreupine men, including Reeve C. V. Gallagher, are interested in very promising mining claims in the Chibougamou Lake area in Quebee. Work on the properiy has given the most satisfactory results but, of course, the difficulty of access and the cost of transportation have handicapped immediate development. These handicaps are evidently to be shortly removed, a railway now being planned to Lake Chibougamou. _ A despatch from Quebece City, publishâ€" ed in The Montreal Star some days ago reads as follows:â€" "The British syndicate, headed by Lord Gainford and Sir George Courtâ€" hope, which is planning to spend many millions of dollars in industrial deveiâ€" opment in this province, will build a ailway from St. Felicien to Lake Chibougamou. "This was the announcement made vesterday by Hon. Adelard Turgeon, head of the Quebee executive of the syndicate, who said that he conferred with W. T. A. Procter, another Queâ€" bee member of the syndicate who reâ€" turned from England last week, in Montreal on Thursday, and he had told him that there was no doubt that this railroad would be built up to Chiâ€" bougamou for the opening of that reâ€" #ion. Mr. Turgeon was asked if he had yet heard officially whether the British capitalists had decided to purâ€" chase the Deschesnes, Ontario, Nickel plant. He said there was nothing ofâ€" ficial to be said about it yet, but that he was fairly certain that the plant would be bought. Mr. Turgeon said the group was going on with its railway from St. Felicien to Mistassini. The Governâ€" ment, some time, ago, granted a subâ€" sidy amounting to $192,000 for this line of 32 miles in length, and a furâ€" ther $375,000 for the continuation of the line to Chuteâ€"aâ€"Caron. The line has ta‘ nha raommleteda~by. .Jannary. L. has to be completed by January 1. 1929, and Hon. Mr. Turgeon said that work would be resumed in the spring and the line would be completed in time Our telephone girls have long been noted for their courtesy. What is needed is a course in politeness for some subscribers.â€"Hamilton Spectaâ€" tor. TIMMINS BRANCH, sOUTH PORCUPINE BRANCH, Foreign Exchange RIAL BANK o m o ar w #w* Royal Bank Building, TORONTO, 2 ‘ Montreal Quebec Ottawa Hamilton London, Ont. Winnipeg Saskatoon Vancourer Investment Service By Mail We invite your enquiries for Invesiment Service. Through our Mail Order Department the outâ€"ofâ€"town investor commands the services and accumulated experi« ence of our entire organization. In addition to the prompt and personal attention given to enqguiries asking for information or su ggestions, various publications keep the investor by mail in close touch with changing conditions and developments. Our Deferred Payment Plan will appeal to the investor of moderate means desirous of building an income in conservative securities. is a specialty of the Imperial Bank. The rates we quote are up to the minute and when you buy or sell, in small or large amounts, you are always assured of the very latest quotations. of L I M IT ED HAILEYBURY ROTARY CLUB sSTARTS WITH 30 MEMBERS charte the T numbe Rotar Devenish, F. V George. It is eybury Rotary plete operation speakers from that Rotary clh It is not true and pays. She troit Free Press In all the debates at the Optoms cal Association meeting the eyes wavys have it.â€"Sudbury Star. GEO. TAYLOR HARDWARE LTD not true that the woman pays ‘s. â€" She usually charges.â€"Deâ€" is expedc DISTRIBUTORS D. SUTHERLAND, Manager. J. PAUL MICHAUD, Manager. the Optometri