Ontario Community Newspapers

Porcupine Advance, 23 Feb 1928, 2, p. 8

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The President, officers and memâ€" bers of the Timmins Post desire to extend to all those bereaved or sufferâ€" ing as a result of the recent terrible mine disaster their deepest sympathy. From Toronto comes the following telegrams: from the provincial secre.. tary, Mr. A. Shieldsâ€"‘‘Kindly exâ€" press to the mayor, officers and memâ€" bers of the Timmins Branceh our deepâ€" est sympathy. Advise if any memâ€" bers lost and what assistance we can render."‘‘ From the provincial president of the Ladies‘ Auxiliary of the Canadian Legion in Toronto: ‘‘Ontario Provinâ€" cial Ladies‘ Auxiliary Canadian Leâ€" gion expresses deepest sympathy.‘‘ Thursday, Feb. 23rd, 1928 Che Canabian Hegton in Cinmtins _SUN LIFE ASSURANCE | _COMPANY OF CANADA News and Views of Legionnaires SUN LIFE ASSURANCE COMPANY OF CANADA ASSURANCES IN FORCE (net) 1,487,990,000 An Increase of $231,500,000 New Assurances Paid For : â€".â€"328,408.000 An Increase of $62,518,000 Taalt Income â€" â€"â€" ; . .â€". An Increase of $23,801,000 Payments to Policyholders and Penclhiclaries â€" . . . 42224000 Total Payments Since Organtâ€" â€"~ > â€" ‘s.~ ‘£~ 300,040.000 Reserve for Unforeseen Contingencies 12,500,000 Surplus over all Liabilities and Contingency Reserve â€" â€" _ 45,280,000 An Increase of $11,269,000 ADBSEIS â€"at December 31, 1(927 .. . . .2 ~ ~4091,305,000 An Increase of $56,054,000 Substantial advances have been made in all departments during the year. The total net income for the year exceeded one hundred million dollars s The high earning power of the Company‘s investments has been again demonstrated. The net rate of interest earned on the mean invested assets, after fully providing for inâ€" The strength and resources of the Company have been further enhanced . . . vestment expenses, was 6.47 per cent. This gratifying result has been made possible by dividend increases, bonuses and stock priviâ€" leges accruing on many of the Company‘s holdings. The wisdom of the investment policy which has been consistently followed in past years, in favouring long term bonds and the stocks of outstanding and very carefully selected corâ€" porations, has been once more emphasized. The appraisal of our securities shows that the excess of market values over cost increased during the year by $19,235,889.99. In addiâ€" tion, a net profit of $5,028,033.20 accrued from BY THE HON. SECRETARYâ€"TREASUCRER Dividends to Policyholders increased for eighth successive year Letter from the Central Toronto Veterans‘ Club: **T. Fellows, Esq., Secretary, Timmins Branch, R.E.S.L Dear Sir and Comrade, I beg to inâ€" form you that the members of this branch of the Canadian Legion wish to express through you their heartfelt sympathy and deep condolences to the unfortunate familiee who are sufferâ€" ing loss as a result of the recent catasâ€" trophe at the Hollinger Mine. While we down here have little conception of the magnitude of the loss that must be felt in your town, yet to a certain extent we realize the heroism that has been displayed by your citizens and our deepest admiration goes out to those who played their part so nobly cent. This EXTRACTS FROM DIRECTORS‘ REPORT the redemption or sale of securities which had risen to high premiums. The quality of the investments listed in the assets is testified by the fact that on both bonds and preferred stocks not one dollar, due either as interest or dividend,.is in arrear for even one day, while the dividends accruing to comâ€" mon stocks are greatly in excess of the diviâ€" dends payable on the same stocks at the time of purchase. The surplus earned during the year amounted to $38,.511,029.67 from which the following appropriations have been made: $5,000,000 has been deducted from the market value of our securities as a further provision against possible future fluctuaâ€" tions, increasing the amount so set aside to $10,000,00G. $1,500,000 has been added to the account to provide for unforeseen contingencies, which now stands at $12,500,000. $1,000,000 has been written off the Comâ€" pany‘s Head Office building and other properties. during the crisis, and sincerely trust that this same spirit will help them to carry on, until the blow is somewhat dulled. _ With kindest personal reâ€" gards and best wishes, Yours fraterâ€" nally, A. Gibbons, secretaryâ€"treasurer. The following extract from another letter from A. Shields is interesting also:â€"‘‘It must have indeed been a trying time for Timmins, and I will appreciate your conveying our deepest sympathy to the members who have lost so many dear friends. The kindâ€" ness and hospitality shown to me dur. ing my visit to Timmins will never be forgotten by the writer, and I can assure you that anything we may do to assist those who have suffered wilt be done. _ Yours fraternally, A. Shields, Provincial Secretary, Canaâ€" dian Legion, B.E.S.L." Glad to note that among the list of volunteers for reseue work this post was representedâ€"one of the names being that of Comrade A. P. THE PORCUPINE ADVANCE, TIMMINS, ONTARIO Jennings, M.M.:â€"It is evident that the spirit that earned him his decoraâ€" tion during the war is still very much alive. One can hardly imagine the very anxious and trying times which have of late been experienced by our hon. members, Mr. E. L. Longmore and Mr. John Knox, and we sincerely hope that no illâ€"effeets will result from their strenuous labours devoted to the cause of humanity. One feels grateful for the excellent advice and practical suggestions so kindly tendered me by Comrade Geo. S. Drew, town councillor. In a recent conversation with him much informaâ€" tion that will be valuable to the Leâ€" gion in the near future was elicited. â€"as a matter of fact I hope I shall bump into him more often, for it is never too late to learn, and I am fully aware of my limitations. Well, the annual general meeting resulted in the election of a really strong executive committee, and 1 After making these deductions and allocaâ€" tions, $11,269,330.89 has been added to the undivided surplus, bringing the total over all liabilities, contingency account and capital stock to $45,280,896.14. * Your Directors are gratified to announce, for the eighth successive year, a substantial inâ€" crease ‘n the scale of profits to be distributed to participating policyholders during the enâ€" suing year. $500,000 has been set aside to provide for the greater longevity of annuitants, bringâ€" ing the total provision under this heading to $2,000,000. $50,000 has been set aside to provide for claims in respect of total disability as yet unreported. $11,090,056.61 has been paid or allotted as profits to policyholders during the year. In addition, $6,205,573.00 has been conâ€" tingently allotted to deferred dividend poliâ€" cies issued prior to 1911, and to five year distribution policies, to provide for profits accrued but not yet payable. hope the boys will slam us good and hard if at the ead of the Legion year we do not show results. Of course, we ean show results in the pastâ€" but we cannot live on the pastâ€"so must go forward all the time. On Tuesday the elected executive committee, conâ€" sisting of the president, Dr. S. R. Harrison, viceâ€"presidents Austin E. Neame and Dr. A.,8. Porter, and Messrs F. J. Bradley, W. 0. Langdon, J. A. MacDonald, W. A. Devine and H. C. Garner will have conmmeneed the task of appointing the various sub.committees, and it is hoped that we shall obtain the loyal support of all those so appointed. | From the January number of The From the January number of The Legionary (which in passing 1 must say is a credit to its producers) 1| quote the foliowing :â€"‘‘Several Canaâ€"| dian municipalities have been larly generous in donations to LogionI branches. Among such that have reâ€" cently *‘come through‘‘ handsomely are York and Peterborough county Here are the grants voted by the former at a recent meeting: Veterans of the Federal Riding of North York, $500; North York Townâ€" ship Veterans, $200; Searboro Legion Branch 13, $2004; Long Branch 1.0.1, $150; Lake Shore 73, $200; Long Branch 101, $150; Lake Shore Veterâ€", ans, $100; York Township Veterans, $1,000, being $200 to each of five asâ€" sociations; HM. Army and Navy Veterans of York Township, $2,000; East York Veterans, Todmorden and Woodbine Heights, $200 each. _ In similar substantial money, Peterâ€" borough County Council endorsed the: good work accomplished by The Leâ€" gvion in the county and donated $150 to the Peterborough and $100 to the Lakefield branch." L am glad to observe that the mumâ€" cipalities are recognizing the worth and work of the Legion, more particuâ€" larly so in its relief work : we of Timâ€" l mins are having a hard time of it proâ€" viding reliefâ€"indeed, a far harder task is set us than can be imagined. We do not care to give publicity to the many and increasing numbers of ‘ cases of relief we have on our books; | but 1 believe I am correctly expressâ€" |ivng the opinion of this post when 1 state that we do intend to try to raise our own relief funds; and beyond the tag days, we feel that we shall be doâ€" ing more good that way than if conâ€" I verted into just a channel for receivâ€" ing and administering funds for reâ€" lief. Of course, this will not by any means prevent our acceptance of conâ€" tributions to our relief fund that come our wayâ€"emphatically the reâ€" verse! A generous offer of a silver ecup has been made to this post by Mr. A. J. Shragge, that good friend of ours, whose shop in Third avenue was the "~ h e reneral H.Q. in our attack on the pockets of the community on Novemâ€" ber l1th of last year. No, this cup will NOT be used at the Vimy Banâ€" quet! TO BUILD STONE HOUSE IN FLORIDA FPFOR MINING MAN. Some time ago The Advance made mention of a stone house to be built in Florida from Northern Ontario stone for a former prominent mining man of the North, Mr. Geo. Tough,. In the last issue of The Harleyburian there is the following further referâ€" ence: ‘‘Jas MeFarlane, sr., Browning street, is now in Florida, where he will build a stone house for George Tough, prominent mining man and a former resident of the North Country. The material for the house was shippâ€" ed from Cobalt early in the winter and consists of selected stones from the Cassidy gravel pit. Considerable work was necessary to seeue a proâ€" per proportion of the different kinds of stone that will go into the building, and from all accounts the new house is going to be something unique in is going to be something unique in the history of building in the Gulf State. Mr. MeFarlane took with him his son, William, as his assistant. They will be in the south for some months.*" GOOD WORK OF CHILDREN‘S AID SOCIETY IN ONTARIO The following is from a recent isâ€" sue of The Toronto Globe :â€" ‘*‘The good work earried on by the Children‘s Aid Branch of the Ontario (Government has been made possible by the devoted volunteer service given by thousands of citizens. There are some sixty Children‘s Aid Societies banded together, and they represent an unpaid directorate of over fifteen hundred of our best citizens. Public sentiment is the strongest factor in the successful operation of any soâ€" cial law, and this has always been with the Children‘s Aid Society in its efforts to safeguard and enrich the child life of the Province. Over one thousand homeless children were plavtâ€" ed in free homes during the year, and to make the work still more complete those who have comfortable homes and no children are asked to consider seriously the adoption of a little boy or girl, and thus add to their own happiness in addition to performing an act of the highest altrustic serâ€" HELPFUL HINT FOR THOSE USING THE TELEPHONE VÂ¥1CCE The following is from **The Legionâ€" ary,‘‘ the official national publication of the Canadian Legion :â€" The troops sure learned to appreciâ€" ate Cocknevy humor after rubbing ate Coc shoulder doughty of .. Lon T‘é W her »IT »yes, himself . old â€" saying borrn, not paid â€"Thomas Fellows 1J1¢ it ver the lett ats w ho the ol Ti

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