Ontario Community Newspapers

Porcupine Advance, 2 Feb 1928, 2, p. 11

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NOTICE IS HEREBY GIVEN that the Corporation of the Township of Tisdale intends to apply to the Legisâ€" lature of the Province of Ontario at the next session thereof for an Act of Parliament for the following purâ€" poses: To consolidate a floating indebtedâ€" ness of One Hundred Thousand Dollars ($100,000) of the said Corporation, and to authorize the Corporation to provide by Byâ€"law, to be passed withâ€" out submitting the same to the taxâ€" payers authorized to vote on money Byâ€"laws, for borrowing upon debenâ€" tures of the said Corporation the said sum of One Hundred Thousand Dolâ€" lars (100,000) to pay off the present floating debt of the said Corporation. _The existing debenture debt of the said Corporation is as follows :â€" Debentures issued for By W. G. BOWLES, South Pmcupme, Ont. Its Solicitor. Dated at South Porcupine, Ont., this 19th day of December, 1927. REGORD QF FORTVâ€"SEVEN VEARS Of GOOD PROGRESS $677,1715.80 The Corporation of the Township of Tisdale. North American Life Reports Satisâ€" factory year. _ Policyholders‘ Interests are Held Paraâ€" mount In presenting the fortyâ€"seventh anâ€" nual report of the North American Life Assurance Company, the preâ€" sident enlarged upon the satisfactory progress made in 1927. In doing so he called particular atâ€" tention to the dividend sceale which for the fifth suecessive year has been increased. â€" Policyholders of the comâ€" pany must feel gratified at this accesâ€" sion. For a period of fifteen years there has been no decrease in the diviâ€" dends paid to policyholders,. _ This accomplishment without an impairâ€" ment of the company‘s earning power, or its ability to pay future dividends, makes the company‘s record an enâ€" viable one in this respect. In referring to the assets which toâ€" tal $35,608,067 it is interesting to conâ€" sider those features which emphasize the financial strength and security of the North American Life. $21,118,â€" 000 is invested in Government and municipal bonds, stocks and debenâ€" tures. The holdings appear in the report at their book value regardless of the fact that the present market value of these highâ€"class securities is $22,894,720.11. The cash income from all sources totalled $8,039,359 showing a splendid increase of almost a million dollars over the previous year. During 1927 payments to policyâ€" holders by way of death and disability claims, matured investment, and maâ€" tured endowment policies, dividends to policyholders, cash surrender values and annuities amounted to $3,082,510 showing an increase of more than a halfâ€"million dollars over the amount paid in 1926. a #4 The fact that less than o of one per cent. of the entire s earnings of the company is p its shareholders confirms the that in the North American policyholders‘ interests _ are mount. The president in his speech on conâ€" ditions in Canada in general emphasâ€" ized the splendid year that the counâ€" try enjoyed as a whole, in 1927. . He summed up the different industries mostly all of which enjoyed a proâ€" sperous year and he referred to Canaâ€" da as the land of untapped resources and boundle ... .. Debentures issued for aterworks and Sewers: .:; Debentures 1ssued for local improvements Debentures issued for general purposes "Orange Pekoe‘"‘ is only the name given to a size of leafâ€"Some good, many poor, Orange Pekoes are soldâ€"The most economical and yet the finest flaveured is "SALADA®" Orange Pekoeâ€"Sealed in metalâ€"pureâ€"freshâ€"deliciousâ€"43¢c per â€"lb. We do Electrical Work of every description, contract or otherwise. Why not let us solve your Radio troubles. George Taylor Hardware Limited / RLBCTRICAL APPLICATION TO PARLIA MENT opportunity 10 Third Ave than oneâ€"half entire surplus ny is paid to ms the claim merican â€" Life, s are paraâ€" $337,614.14 302,149.92 9, 8,4 <I 4 11 BIG SNOW STORM M HAILEYBURY DISTRIGT Railway Lines Blocked. Lines Had to be Shovelled Out as Snow packed too Hard to be Ploughed The previous week Timmins had a snow storm, but it was not in the class of the Haileybury one last week. Still, it was quite enough. At Haileyâ€" bury, Cobalt and New Liskeard, howâ€" ever, last week‘s snow storm was what is technically known as a ripâ€"snorter. Reference was made in The Advance last week to the storm and its effect on traffic. Further details are given in The Haileyburian, and these may be of interest in view of the fact that there was no snow at North Bay at the time and the points further south were also free from snow. _ In the Poreupine district, previous to the storm last week, there was more snow than at Haileybury but now ‘both the Cobalt and Poreupine camps have a sufficient supply of snow to do them all winter. In the south there are many businesses that regret that there is no snow,â€"those that sell skus, snowshoes, ete. Either the Poreupine camp or the Cobalt camp would be quite willing to furnish the southern sections with snow enough to carry on provided transportation can be arâ€" ranged. â€" The majority of people here, however, would not be willing to give up All the snow. Most people like a little snow for winter. It doesn‘t seem like a real winter without snow. And it is not a good winter if there is no snow. Usually when snow storms are goâ€" ing in this North Land, Timmins gets its share, but this town escaped "the big one thdt. hit the Cobaltâ€"Hailey burvâ€"Liskeard â€" districtâ€" last week To get back to the snow storm in the Halle\huxv Cobaltâ€"Liskeard area, though ! The Haileyburian last week flV C CA o6 ic fact that (‘flI’b only reached Blackwall Street at noon gives some idea of the violence of the stmm and the resultâ€" ine drifts. ©Several of the students from the Haileybury High School took advantâ€" age of the demand for men to make the odd dollar on Saturday and some of them continued their labours uxml 3 a.m. on Sunday. The boys worked manfully and earned their pay. ‘‘While the temperatures this winâ€" ter have not been as severe as usual, there has surely been more stormy weather than in recent years. Yesâ€" Local Distributorsâ€"National Grocers Co, Ltd., Timmins y nc The boys worked TJhe Famous Red Seal is "Ljour Guarantee of Puritg Made by O‘Keefe‘s Beverages, Limited, Toronto THE PORCUPINE ADVANCE, TIMMINS, ONTARIO DEPARTMENT UNSEATS NORTH BAY SCHOOL BOAR tion Trom the Untario epariment ol Education. â€" The order points out that the trustees should have been elected under the new ward system, instead of the way they have been elected in previous years in the city. As a conâ€" sequence of the order, North Bay will have to have ancther nomination and election for the public and separate school boards for the yvear. THREE COBALT CHILDREN WERE INJURED LAST WEEK The Cobalt Record (if that is the; name of the Cobalt paper, but it isn‘t| any more than The Advance is The Gazette) says :â€"â€" \ While playing on the verandah at the Public School on Wednesday afternoon Albert Munroe, eightâ€"yearâ€" old son of Mr. James Munroe, the school janitor, slipped from the railâ€" ing of the verandah and fell, breaking his arm. The accident happened just before the school bell rang for the afternoon studies. _ Although sufferâ€" ing intense pain the little fellow said nothing about his accident until his teacher, noticing that he looked il1, asked him what was the matter. He said he felt sick, and was sent to Nurse Campbell. An examination was made and it was found that his arm was broken. Medical aid was at once callâ€" ed and the fractured arm set in a cast. Two of the children of Mr. and Mrs. Wm. George were painfully injured during the weekâ€"end while skiâ€"ing. Victor George, the eldest boy, was hurt on Saturday while skiâ€"ing on the chool ated Victor tgeorge, INne CiUuEesb UOUY, . wdis hurt on Saturday while skiâ€"ing on the rock pile near his home when he ran against a piece of sheet iron inflicting a gash which required several stiches to close. On Sunday afternoon Vieâ€" tor‘s sister Bernadette fell while skiâ€" ing and wrenched one of her ankles so severely that the swelling made it impossible to tell at first whether the foot was fractured or only sprained. An Xâ€"ray taken on Thursday showed that no bhones were broken. DIAMOND DRILLING AT PARMAC PORCUPINE MINES It was announced last week by Parâ€" mac Poreupine Mines, Limited, that diamond drilling on their property in the Poreupine Camp would be started this week. This decision, they say, was reached in view of the fact that Douglas Mutch in a eport on the proâ€" perty had stated that ‘"recent develâ€" opments. on Coniaurum showed conâ€" clusively that properties in this seeâ€" tion could develop ore provided they had the necessary formation, which did not have to be connected definiteâ€" ly with what is known as the Pearl Lake porphyry mass. _ Parmac has the necessary formation and a strong break along a favourable contact. In our opinion drilling to depth on this property is well warranted and offers fair possibilities.‘‘ According to Mr. Mutch, Parmac holdings have the necessary porphyry formation and he says that this is separate and distinet from the porphyry oceurring on the neighbouring Mcelntyreâ€"Poreupine Mines. It is in connection with this porphyry that their productive veins have been found. ‘‘Parmae Poreuâ€" pine Mines has perhaps the most loâ€" cation of any of the undeveloped proâ€" perties in this section in regard to transportation and power facilities,"‘ he concludes. Dr. Ralph MeKee, an engineer from New York City and a Professor of Chemical Engineering, is associated with Mr. Mutch as consultâ€" ing engineer for the company. _ Dr. McKee is connected with the Lewiâ€" sohn interests, which control the Kerr Lake Mining Company. He is a notâ€" ed authority on ore and shale and is associated also with several copper concetns. Cleaning Pressing Repairing Custom Tailored Clothes to Measure 52 First Avenue orth Bay as the om the ho TIMMIN®S, ONT. W. Varley s public an« ; for 1928 hay result of a c > Ontario Dep: The order poin 39p DOMINION BANK REGERVE FOND HGHT MILLUONS Splendid Earnings and Strong Liquid Position of Bank. 57th Annual Report Submitted to Shareâ€" holders The report which the directors of the Dominion Bank submitted to the shareholders at the annual meeting in the City of Toronto on Wednesday, the 25th instant, covering the operaâ€" tions of the year ending December 3lst last, was a markedly satisfactory one, showing larger profits, deposits bemmu interest at a new high point, and O'reatlv increased assets. The banks‘ business for the year, as reflected in the statement, gives evidence of improved business condiâ€" tions and the prosperity of the counâ€" try. Profits for year reached a total of $1,328,496.40, $69,000 in advance of the previous year. These earnings enabled the bank, after paying the usual dividends with bonus of one per cent. amounting to $780,()00, to contribute $45,000 to Officers‘ Pension Fund, provide $165,â€" 500 for Dominion and Pm\mcml taxaâ€" tion, to write off $250,000 from Bank Premises Account, compared with $200,000 last year and $100,000 the previous year, to tranfer $1,000,000 to Reserve Fund and carry forward to Profit and Loss $120,524.45. An index invariably accepted as evidence of the country‘s welfare is the record of deposits which bear interest at. our chartered banks. While total deposits of the Dominion Bank have reached $108,756,919, betâ€" ter than $10,000,000 in advance of last year, deposits bearing interest stand at $86,899,262 an increase of stand at $86,899,262 an increase of $7,000,000 and the highest point these (leposltmns have reached at any time in the bank‘s history. in the bank‘s history. Improved business conditions are reflected in the increase in currertit loans which appear at $60,664,382, an advance of $3,000,000 over the figures of last year‘s statement. The bank‘s liquid position has aiso shown marked advance. Cash assets are at $26,652,084, or 21.78 per cent. of liabilities to the public, while liqunid assets have improved by almost $10,â€" 000,000 during the year, standing at $69,776,353 or 57 per cent. of total liabilities. Total assets are $141,â€" 482,753.72, an increase of approexiâ€" mately $13,700,000. The notes of the bank in cireulaâ€" tion show an increase of over $389.â€" 000, which may be accepted as addiâ€" tmnal evidence of the activity in business. The report of the directors received the unanimous endorsement of the shareholders and the addresses of the president and general manager indiâ€" cated confidence in Canada‘s future. On this page today, appears a proâ€" testâ€"one of several The Tribune has receivedâ€"against the official laxity that permitted the body of Earl Ne!â€" son, executed here last week, to be exhibited to more than a thousand morbid sightseers. There is good ground for protest. It was a disâ€" graceful proceeding, wholly foreign to the way we do things in this country. Just who was at fault. The Tribune does not know or care. It is only important to see it that Canadian usages are not mocked in such manâ€" ner again.â€"Winnipeg Tribune. N the Province of Ontario the Bank of Montreal has a complete organization, with headquarters at Toronto, specially organized to give careful attention and prompt service to banking requirements of the people of this Province. There are 241 branches of the Bank of Montreal :# this Province, the offices being located at every important centre in Old and New Ontario. Behind this Provincial Organization are the resources of a nation wide Institwâ€" tion, having a combined Capital and Reserve Fund of over $60,000,000 and Total Assets exceeding $830,000,000. Over 2.000 shareho.aers of the Bank reside in Oniario TROPHY OFFERED FOR LIFE INSURANCE MEN N. J. Wootten, North Bay, manager of the Northern Ontario Division, Sun Life Assurance Company of Canada, addressed the members of the Life Underwriters Association of Sudbury and district, at a meeting held in Sudâ€" bury on Wednesday evening. At the conclusion of his address, Mr. Wootâ€" ten announced that he would award a trophy for competition among the Life Underwriters Association of Norâ€" thern Ontario, including those at North Bay, Sudbury, Sault Ste. Marie, Timmins, Hmlo‘\bm‘\, New Llsl\em'd and Cobalt. The trophy will be aâ€" warded to the association reporting the largest number of new members during the year 1928. It is expected the contest will arouse considerable interest among the members of the five associations. As Timmins has ‘he 1largest numbDer oi new memuvel‘s during the year 1928. It is expected the cnntvst will arouse considerable interest among the members of the five associations. As Timmins has onesof the livest branches of the Life Underwriters‘® Association, with a large amount of business done by the agents here, there does not seem to be any reason why the Timmins branch should not stand a good chance of adding that trophy to the other trophies possessed by this live town. A Perth famer who brutally beat an elevenâ€"yearâ€"old boy has been fined .: tC the farmer had committed a breach of the Ontario liquor laws he might have been fined ten or twenty times as much. Public opmion will always be found solidly supporting severe punishment for brutal offenâ€" ders.â€"Toronto Mail and Empire. breach of might have times as 1 alwavs be For Sure Results Try Our Want Ad Column Through the Canadian Rockies to the North Pacific Coast and Callifornia . . every color of the rainbow dancing in the sparkling air. And you ride through this maze of beauty i comfort . . . over the Canadian Pacific Railway. But are you wintering in California? And is your return trip in the early spring ? Then arrange your return transportation via the scenic northern routeâ€"Puget Sound and the Canaâ€" dian Pacific Rockies. There is an excellent hotel and golf course at Victoria, the rose garden capital of British Columbia . . . also at ( V ancouver, the great gateway to the mystery of the Far East. OING TO CALIFORNIA? Then, do not miss the glory of the Canadian Rockies on your way. Ther winter garb is a thing of dazzling beauty. Glittering peaks of ice and snow . . . falls, frozen into a spray of diamonds Canadian Pacific . White, District Passenger Agent North Bay, Ont. Monday, the twenticth day of Febâ€" ruary next, will be the last day for presenting Petitions for Private Bills. Monday, the twentyâ€"seventh day of February next, will be the last day for introducing Private Bills. Friday, the ninth day of Marek next, will be the last day for resetvâ€" ing Reports of Committees of Private Bills. Clerk of the Legislative Assembly Toronto, Deeember 30th, 1927 LEGISLATIVE ASSEMBLY OF ONTARIO DID YOU EVER WISH that some progressive â€" manufacturer of ladies‘ dresses would get out a line of snappy, upâ€"toâ€"theâ€"minute styles, made to indiâ€" vidual measure? Well, your wish has come true, and this oldâ€"established house is now prepared for a big spring business, with beautiful samples ready. No experience necessary. Our training is easy. And remember, this is the only exclusively madetoâ€"measure line of ladies‘ dresses in Canada. Easter and early spring profits are awaiting you. Be the first in your district. Write toâ€"day for details ard exclusive â€" territory. Stanley â€" Styles, Dept. 39, Box 781, Montreal. Thursday, Feb. 2nd, 1928 Parliamentary Notice

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