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.v‘..‘. ;u .VAOIR UUWIC htl‘lllu'u Ibhune 804 The holdings of cash and deposit in Central Gold Reserve total $83,625,914. at which level they are equal to 11.64% of public liabilities. Business Well Maintained Just how well the business of the Bank has been maintained under less active industrial conditions is indicated by total current loans in Canada. of $291,111,569, compared with $290,872,423. At the same time deposits bearing in- terest are $539,922,593. againSL $540,977,- 246 while total deposits are now report- ed at $669,047,251. The Bank reports that with its total mats of $794,523,333 it has liabilities to the public of $718,330,729, which leaves an excess of assets over these liabilities, in the form of capital, sur- securities which mature at early dates. _Included in them are Daminion and Provincial government securities. amounting to $169,089,426. up from $131,107,484; Canadian municipal se- curities and British. foreign and colon- ial public securities of $58,034,199. com- pared with $46,447,441; and railway and other bonds. debentures and stocks. $11,095,421. up from $5,074,726. Liquid Position Strong At the end of the fiscal year tocal assets were $794,523,333. down from $826,969,537 at the end of the previous year. Of this amount quickly available resources amounted to $417,406,508. equal to 58.119}. of all liabilities to the public. Included in these liquid assets are government and other bonds and debentures to a value of $236,433,817. the majority of which are gilt edged The statement, which is published elsewhere in easily underStandable form, gives considerable information regarding the main features of the Bank’s position. government and municipal s. This is apparently due to tn reduction that has occurred in 108.11 department. Sharehold sure to appreciate the strong made in face of the unsettled conditions and will readily note sources available to take care business expansion that ma throughout the country. naps the outstanding feat manner in which the busiz Bank, as represented by cm has been maintained. It is Wmt to note that deposits wrest, in which is included department, are practically 1mm those of the previous Among the largest g those in such high c government and mm: The Bank of Montrealâ€"for the year to October Slatâ€"ts forwardh its shareholders a stong and sati tary statement. Under the ge conditions that prevailed during period there is, as expected. a de In total assets. as also in profits. Fine Showing by the Bank of Montreal when Well Maintained. Total As set: Stand at 5794523333. Liquid Assets at $417,406,508. SaviM" Deposits at High Level. GOLDFlE! DS HOTEL \‘ext to “art Bowie Limited You know there is nothing She’ll like better than Dainty Silk Undies. While They Last! WHY BE IN DOUBT? HOSIERY ALL “'OOL HOSE airs of Ladles‘ Teddies, Panties, Nightgowns and Pyjamas. in tea rose. flesh and pistachio. heart a flutter or two. Dancettes. A gift at once practical a n d thrilling . . . excel- lence of quality that all women appreciate, with touches that cause e v e r y feminine s holdings as pal securities. to the steady ed in the call ‘ - . .eholdm m'Bride and Bridegroom ii: and loss to be carried forward up to $1,103,426. mg momg Honoured at Reception ttled business r note the re;- On the occasion of the marriage of care of any Mr. and Mrs. Kerr 9. reception was may occur izeld at the home of Mr. and Mrs. Fred Walkley. 9 Borden avenue. sister of the is publishedlblide- A very pleasant evening was nders‘tandableif? )ent in dancing and all sorts of good jnfOrmation times. Then came a presentation. tures of the consisting of a splendid dinner service, a present from the bride‘s many friends. Il'he presentation was made by Arthur Wilford. who is a brief but down from effective speech. wished the bride. on the previous behalf of the many friends present. :klv available health and happiness. Then all sat‘ 517.406.508. down to a bountiful supper, after whichi‘ )ilities to the there was more dancing and lots of liquid assets fun. At the conclusion of the very .1. bonds and happy evening all sang. “For 1193 a $236,433,817. Jolly Good Fellow." “Auld Lang Syne" re gilt edged and “God Save the King." Everyonel .» a"... do,“ had a good time. and wished bride andl ltrong al year total Spe- ning ature bearing uncha *5; 79c 31 )Ol'tf 00 frivolous 1n. if Mr. and Mrs. L. G. Harrison. of To- ronto. were visitors here last week. Mrs. E. Stevens returned Saturday evening. after three months' .visit in Nova Scotia. and other points. She was accompanied home by Miss Marion Lawldr, R.N.. of Halifax. A. Wilford. Mr. and Mrs. W. France. Mr. and Mrs. L. Mason. Mr. and Mrs. Gillen. Mr. and Mrs. H. Dion. Mr. and Mrs. Scullen. Mr. and Mrs. L. Bound, Mrs. Rogers. Mr. and Mrs. McGarry. John Hudson. Mr. and Mrs. Brown, Miss J. Chenier, Mr. and Mrs. T. Lang- man. rs. F. Turner. Mr. and Mrs. Chséth. Mr. and Mrs. E. Briggs, D. R. d5. W. Reynolds, J. Reynolds, Mr. and Mrs. G. Jenkins. Mr. and Mrs. Allen. Mr. W. Johnson, supervisor Moose organization.” Mr. Kerr. the bridegroom is Dictator of the Moose Lodge at Rouyn. Miss J. Chenier was the the evening. groom the best of happiness. Among the friends present werezâ€"Mr. and Mrs Profits for the year were $5,386,379, equal to 7.189; on the combined capi- tal. rest and undivided profits as com- pared with $6,519,031 in the wevxoua year. From these, payments made were dividends to shareholders of $4,- 320,000; provision for taxes Dominion Government of $810,000; reservation for bank premises of $300,000; leaving a balance of $156,379. which brought pro- fit and loss to be carried forward up to 11d ladies and Children’s Ready-to-Wear older .18. undivided profits and reserves for ridends. of $76,192,601. Profit and Lou Account I‘he profit and loss account reflects 9 less active conditions. Profits for 3 year are substantially below those the previous year. but were sum- int to cover the payment to share- iders of the regular dividend and the same time make provision for iminion Government taxes. and re- «’93 for bank premises. as well as to .‘mit of a further contribution to pro- and loss account. They. however i not permit of any bonus to sham- BLOCK W i t h inclement weather here. rubbers of quality become a necessity. Special for our Grand Open- ing Sale. Medlum and spiked heel only Sizes3to7 LOWER PRICE AN INDI’C‘EMEN’I‘ STORY Now is the lime to buy that n w dress or winter 0 at at a great saving. LOW PRlCE AND HIGH STYLE TELL A CONTRASTING See Them Feel Them and Try Them On! Ladies’ Rubbers $24.95 DRESSES $4.95 69c. $18.95 COATS $16.95 to to pianist for Toronto Mail and Empire:-â€"-This sea- son offers unusual opportunities for a man to make a reputation as a. weather prophet. All he has to do is to say that it Ls going to become colder and stick to it. 17"] the township of Whitney there are two candidates for the reeveship and seven for the four places at the council board. The following are the names on the ballot for next Monday in Whitney:â€" For reevezâ€"Geo. D. Hamilton, mill- man. of the townsite of Lakeview. Joseph W. Young, miner, of the town- site of Porcupine. For councillorszâ€"John Burrows, cook; of the townsite of Porcupine; Fred L. Croteau, prospector. Lakeview; Zack Hart. farmer, Pcrcuptner'l‘hos. Hunt- ley. fire ranger. Porcupine; Pasquale Rotondo. section foreman. Porcupine; Thos. A. Strain, Inkeview, contractor; I. P. Wilson, Porcupine. farmer. Election battles seem to be. the order of the day in this vicinity. As will be noted there are contests in 'I‘isdale township. Timmins. Iroquois Falls, and the township of Whitney is also in the ring this year. It may be that elec- tions are contagious, for often the municipalities named have acclama- tions but this year they are all staging contests. Election Contest in Township of Whitney Mrs. Eugerina Gignac neglected to Open the door of her house recently when the police visited there and in police court she was fined $100.00 and costs for obstructing the police in the discharge of their duty. A charge of vagrancy against a man who has no fixed place of abode was remanded to next week and if he has moved on by that time it is not likely that anyone will try to bring him back. Antonio Garbellottc, who charged Luigi Dellantonio with making threats of violence, failed to appear and this case against Dellantonio was with~ drawn. On a charge laid by Chief Jones of having unlawful weapons Dellantonio was fined $50.00 and costs. When arrested Dellantonio was found to be in possession of a gun though without any permit for same and being an alien. Arthur Smith, 26 Mountjoy street. charged with illegal possession of gold. was found guilty and sentenced to three months in jail with hard labour. ‘ The charge of illegal entry into the premises at 16 Elm street preferred against Mrs. Dagenais was withdrawn. The owners of the house are now in possession and the matter was dropped. Marcel Riard was charged with un- lawful entry on the premises of a tenant, but the charge was withdrawn. There were. five charges of assault at pclice court this week, this being the most popular charge for the day. the next. in line being the common drunks of whom there were three. Each of the common drunks was fined $10.00 and ecsts. Among the assault cases were two in which a man charged 1-. woman with assaulting him and ’ the woman had a similar charge against the man. The row took place at one of the hotels in town and the police were sent for. The charge and coun- ter charge of assault resulted. Magis- trate Atkinson fined the man and wo- man each $5.00 and costs. The man had had a charge against another man who was in the hotel at the time. the charge making the third of the assault cases for the day, but as the accused was not located to serve with the sum- mons to appear the case was re- manded to next week. A fourth charge of assault against a Commercial avenue man was dismissed as was also a case where a woman charged a gentleman acquaintance with assault. Five Assault Cases at Court This Week Man and Woman Each Lay Charges of Assault Against Each Other. Each of Them fined $5.00 and Costs. Sixteen Cases at Court. :fiEfORCUPINE ADVANCE, TIMMINS, ONTARIO In the early days of construction the wonderfully rich silver ores of Cobalt steps unforeseen results electrified the province and latterly the country at large. Pruvmce Builds Road Finally in 1902 the province elected to build a road; not in. the expectatiofi that it would be profitable in a. direct way. but in the hope that the clay-belt would eventually justify the invest- ment. Thus was the Temiskaming and Nor- :hern Ontario Railway conceived and undertaken. and from the very first Cambrian shield; a region of forest. lakes and rivers, a land practically un- known. Later it was discovered that in this north, over the height of land and toward James Bay, there was a belt of fertile clay territory stretching from east to west. The possibility of settl- ing this area became a provincial am- bition and the first step necessary to this desired end. was the construction of a colonization railroad. For a long distance it would have to traverse the pro-Cambrian wilderness, then regarded as an economic desert, and even with railway facilities it was considered that settlement would be slow of accomplishment, due to the western prairies still being largely un- occupied and offering a more inviting; territory. Bay, will recsrd the last chapter in the affairs of the road to date. Until some 30 years ago. most of On- tario's pepulation was south of a line drawn westward from the Ottawa River. North of that line lay the pre- Cambrian shield; a region of forest. tChairman T. 8: N. 0. Commission) The announcement shortly forthcom- ing that the T. a; N. 0. Railway has fully completed and opened for traffic the lBS-mlle main line extension north of Cochrane to Moose Harbour. James Bay. will record the last chapter in the affairs of the road to date. gfibfiK Tapping the Riches 0f the North Land Chairman Geo. W. Lee Reviews the Thirty Years of Progress of that N. 0. Railway. Mining and Agriculture DeveIOped in North. EGGS @sz §8A TINS 3 We Rolls 1b.]5c I ; 35;." 360 l I :/":- onuno F T !ifé. A’ \/ 1” m 5 340 w...“ shapping Bag Pru- Qmmmmmmmmmmmvmmmmmmmmmammal BONELESS MERE!) (half or whole) BUTT ROAST ROI’ND STEAK Delicious! Nut-Filled GOLDEN WESTâ€"Bolling SPECIALS ON SALE AT THESE PRICES Friday 9â€"10 3.121. BURNS' STORAGE EXTRAS By George W. Lee DECEIWBER 4- 1 O FOR FRIDAY AND SATURDAY ROAST Average 3 to 3% lbs. Lig'nite Fields The lignite (coal) fields so far de- monstrated by governmental explora- tion over an area of {our square miles, is estimated to contain hundreds of mil- lions of tons of commercial value. Ex- perimental tests are now being under- It has been Known for years that the alchipelago fringing the eastern coast, is rich in vast deposits of iron ore of high quality, and on the west coast near the Coppevmine River, very ex- tensive copper areas have been explor- ed. coastal shipping, which. itxis believed, will assist in the development of natur- al resources, on or adjacent to a two- thousand shore line of navigable water of James Bay. I From its inception and for above reasons. the '1‘. 6r N. 0. Railway has [been eminently successful. and yearly lincreased in magnitude of its service {and undertakings. Soon Ontario's farthest northâ€"with ocean outlet availableâ€"will be linked up with Southern Ontario. from the Great ; Lakes through a forested and habitable gland; powered with great rivers and tpossessed of many valuable resources in lignite. timber. pulpwood. gold and Silver mines. fire clay. gypsum and iron ore deposits. et a1. Part of this new- ly-opened territory has agricultural possibilities equal to that of the great clay belt farther south. Coastal Shipping Unlike the Hudson Bay Railway to Churchill (which is 800 miles farther north), the Ontario extension is not intended for transatlantic shipping. James Bay-â€"the southerly part of Hud- son Bayâ€"upcn which the new tide- water harbour is situatedâ€"is a shallow body of water. and in any event. Mon- treal and the St. Lawrence River route afford a nearer and better export route so far as all of the provinces south of: the clay-belt is concerned. Moose Har- bour and the 'I‘. N. O. linking it with Southern Ontario, are designed for thel were uncovered. and one of the great silver areas of the world began contri- buting to the success of the railway. Later on gold also was discovered along the route of the road. and in course of time. immensely rich. precious metal territory was disclosed, eventually des- tined to become second in importance to the South Africa fields. Tr hp Ib. 13c 1b. 150 AYLMER A particularly fine blend- ing of several Canadian halts. Ideal for9 salads, cocktails. and makes a very delicious economical dessert. ADDITIONAL SPECIALS COCOA FRUITS 75c FOR SALADS Each 5:105:80 SAVE! Wéaeatiets A" the vatammes and the heatth- giving elements of the whole wheat grain. in a deli- cious cereal Cold weather is Cocoa time. Have you a tin on the pantry shelf? Now is your chance to buy this famous Cocoa at a real low price. for your Ci PEEL A ape THE thAL BREAKFAST CEREAL CUT MIXED SDS ly finetflcnd- a! Canadaan >cktauis. and nirnl dPQQDI‘f The interests served by the T. N. 0. Railway are many and varied. con- sisting in agriculture, mining, hydro- electric power, lumbering, pulp and pla- per mills, et al., also the increasing requirements of the many cities and towns which have arisen along the line It is expected that the gold recovery for 1932 will apprOximate fifty million dollars; with an ultimate return of present and new fields in its next de- cade of one hundred million dollars. Canada now occupies second place in world gold production. having exceeded the output of United States in 1929. Extended to Agriculture The prosperity of the mining areas has extended to the agricultural dis- tricts in affording a lucrative market for farm produce. much better prices prevailing than in the southern part of the province. This year has wit- nessed one of the most bountiful hare vests ever recorded in the north coun- try. Over and above all. at present. stands the precious metal mining industry. which is steadily increasing, as present mines expand and new fields of im- portance are discovered and opened up for future wealth. The gold and silver mines along the line of T. N. 0. Railway have paid the following (grosS) since the incep- tion of the road and up to June. 1931. as follows:â€" Cobalt silver areas . .. . .. $105,144,883 Porcupine gold areas ............ 84.262.735 Kirkland Lake gold areas . 20,239,814 .0 O a .0 0'. O A .0 .0 .0 O O 0'. O. O O O. O O O. O. O O 0. 0 O N O O .0 O O O. O. O O .0 O O O. O O O O OI. O 0 0-. O O O. O O O. O O O. O. O O .0 s .0 vvvvvvvvvvvv OOOHIHO "HOO'WVWWWOOOO M taken in England. Canada. Germany and United States, Over and above all. at present stands the precious metal mining industry. I which is steadily increasing as present mines expand and new fields of 1m- particular m- our Peel now Ltmas baking. afrvixv.”3t?!!£:?fr?3fr????£1.xvvv§fffiffffffft3r3ffff$ .n J V.” CE magiâ€".gmm. 52.5 Siam m 5,,,.\..24c 6.00 p.m.â€"For Children Pictures Depicting Bible Scenes will be shOwn on the screen COME AND SING THE OLD. OLD SONGS AND HEAR THE OLD-FASHIONED GOSPEL BREAKFAST No. 2 SIZE TIN Wlll conduct Two Meetlngs at 6 pain. and 7 p.m. respectively ui Tin 25° FRY’S GRACE CHAPEL. TIMMINS Friday, December 4th, 1931 A DEPU’I‘ATION FROM .11, L’S $219,647,432 Full large halves. Secure require- ments now for Christmas baking. Mâ€"lb. Package HAI VFS‘ EATON’ S Rog EATON \\' \u am? lh. Illft 1H- M! “C ml lb mm! 111er lb. HALVES ORANGES E 1w] Dates. Clan . u-Hnnha no pkg Hallowl Dates. I; rnia Seedless Raisins i Raisins. Selection Brand Chatham Newszâ€"Christmas shopping should be a delight this year. with so many people who will be pleased to receive the gifts that their friends have to offer. lailuwl [mu-'3. 'pkg. . , PEELâ€"Drained Caps cf the road since its inception in 1903. The railway‘s continued progress and expansion during the past decade is ! evidenced in the increase in capital in- vestment from $19,496.265 in 1921 to 839433.031 in 1931. During the entire period of operation the amount of 314.- 638,245 has ben paid to the treasurer tof provincial government out of the I road‘s net earnings to October 31. 1931. inclusive. New York “Judge“:â€"-A professor says that children‘s banks savings teach the children to be misers. Our obser- vation is that it teaches their parents to be bank robbers. Kingston Whig-Standard 2â€"Radio manufacturers are trying to eliminate fading. That is not needed. All they should do is arrange to have the fading coincide with the gushy spiels from the announcers. High-Grade Samples from Week’s Run of the Press 'lv nttle 5 Art! ll). EXTRACTS m1 Urang 3 "l. .......... 31h. Bleached Sultana: alt-twin Raisins. ll Dark Sultanas. I :12; $1.65 3 MINCEMEAT APPLES va pl 10 "15- 34c CHERRIES Inga CHOICE COOKING: RAISINS Thursday, Dec. 3rd, 1931 JAPANESE DATES 4 to 5 dozen 2. hot 1c 7.00 p.m.-â€"For Adults h ll mg 236 25c 31c 130 18:3 16 49p