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pius, 16 n : 1 sident | al insu: amotint compan for the creases with t} holder:s dividet The federa its inCc shown ficiaries d $12,676,783 $2,727,906 while â€" liv dividends 503. ‘CAQ _ B1 amounted surplus : 766.968. nuity contr: 593,898, an the vear 193 more ths authcrize vincial D Total : were $99 816. Th ncome 557,039 $938,59 bursem 985.060 ceived $491,6( ncrea tion f New 939,764 vear, ; in busit total in ed for 1 policyvh tures of board C tion Lif Very Satisfactory Report of 1954 with Notable Inâ€" creases Shown in Busiâ€" ness, Income and Assets. 63rd Annual Report Confederation Life 31 1M ANNUAL STOCKâ€"TAKING SALE NOW ON You‘ll Enioy Ironing THURSDAY JAN Canada Northern Power Corporation Limited Controlling and Opcrating NORTHERN ONTARIO POWER COMPANY, LIMITED NORTHERN POWER COMPANY, LIMITED iT HOTPOINT FEATHERWEIGHT Full size, yet only half as heavy as the ordinary electric iron, FEATHERâ€" WEIGHT is a masterpiece of lightness. You can iron with it for hours and not feel the least bit tired.> It‘s so fast ; so easy. You simply guide it over everyâ€" thing, from lacy fabrics to sheets and tablecloths. Attractively priced. Conâ€" venient terms, 907 16 1€ J Domini 1b paidâ€"for insurance, ‘, in total assets, in surplus accumulatâ€" nds to participating he outstanding feaâ€" nnual report of the of the Confederaâ€" n for the year 1934. the amount of $46,â€" and revived in the f $8,081,.524. â€" The men icyholders, reâ€" d for additionâ€" eccepted, for an rease of $4,925,â€" hich the assets lance sheet are ‘low the values 0149,228 w an â€"incre: e of the Conâ€" mnsuring public, nd stability, is percentage inâ€" 1934 figures ents to policyâ€" Per Cent. Discount On d1 40 p.c. of the rdian business nion and Proâ€" insurance. The rance and anâ€" ounts to $85,â€" $3,.823.,.998 over $365,213,941, a: As considera ind 31s pt Un rs and beneâ€" amounted, to imounting to 1g the vear, federation | 34 he ad| $2.150,â€" 4 p.C.. E.t *SUT* 198 p.c * TAe Decemâ€" to al} I 0o $21 ear ( with this 1934 ctal al of of should be c holders with the municip tual obligati cpinion hav the serious e municipalitic evident whe necessary. 1 pictureâ€"the type of secuw trust compar steady rise in the market prices oi highâ€"grade securities, leading in turn to firmness in the best corporation seâ€" curities and finally to investments in carefully selected preferred stocks. The rise in market values of Dominion and Provincial securities during the year was particularly marked. * "The number of defaulting municiâ€" palities increased during the year, and the Province of Ontario," commented Mr. Macdonald, "would appear to harâ€" bsur an undue proportion of the deâ€" faulters. There seems to be a rather widely held opinion that lower interâ€" est rates on debenture indebtedness should be conceded by the debentureâ€" holders without regard to the ability cf the municipality to meet its contracâ€" tual obligations. Those who hold this spinion have, perhaps, not considered the serious effect upon the credit of the municipalities, which will become very when further borrowings are necessary. There is another side to the ictureâ€"the chief investors in this: In the Canadi outstanding feat vear, Mr. Macdon place in the though this w prices rather duction. inecre ind Conditions in 1 while still below provement in ve earnings. The vear, in the auton _Caslt and sundries, o.12 p.C. In presenting the report, Mr. C. S. Macdonald, pr951dent pointed out that without governmental interference by way of czodes or other measures, the business recovery in Canada has more than kept pace with that experienced in most of the other countries of the world. Imports for eleven months of 1934 had shown an increase of over $108,500,000, or 23 p.c., compared with the same period of 1933, while exports had shown an increase of well over $111,000,000, or 30 p.c. The excess value of exports over imports was over $1117,500,000. ! lowing schedule: Governmentâ€" and municipal bonds, 41.95 p.c.; other bonds, 14.74 p.c.; city and town mortâ€" gages, 12.54 p.c.; farm mortgages, 1.63 p.c.; head cffice and branch buildings, 1.97 p.c.; other property, 2.03 p.c.; orâ€" dinary policy loans, 13.84 p.c.; single premium policy loans, 3.11 p.c.; preâ€" ferred stocks, 1.06 p.c.; common stocks (companies with no funded debt, mainâ€" ly Canadian banks, trust companies and Consumers‘ Gas Co.) 1.67 p.c.; common stocks (funded debt) .34 p.c.; cash and sundries, 5.12 p.c. in prC stry, in the , and of n business, it ul The situa!l utomcobile roduction the produc newsprint hown ow normal, showed imâ€" volume of traffic and 1e situation, during the tomcbile industry (86 p.c. oduction) in the mining e production of iron and ewsprint, in the lumberâ€" n the output of electric own great improvement, re also took a prominent improvement over 1933, s the result of increased than increase in proâ€" ure ald he bond market, the during the past said, had been the market prices of , leading in turn st corporation seâ€" to investments in ferred stocks. The of Dominion and during the vear A T iy transportat1i01 I€¢, iGan and charged with on Silverware, Cut Glass, China and Leather Goods ; also on the Best Grade Jewellery | â€"*"I am in sympathy with tion," said Ald. Simpson. from a humane point of something done." The matter was referred commission for action. Chief Constable D. Loud ‘ during the past four week: »©oOme shoot few | with that have tha son of The matter was referred to the police commission for action. Chief Constable D. Louden said that during the past four weeks police offiâ€" cers have been checking up on stores where staffs worked after midnight, in an effort to stop the occurrence. "soon we will know the difference between Sunday. and Monday." declarâ€" ed Ald. J. H. Simpson at the last meetâ€" ing of the Sudbury city council when a deputation from the Sudbury Minisâ€" terial Association protested the general practice in the city of having store clerks work until 2 a.m. Sunday mornâ€" ing putting stock on shelves and other work. The clergy also complained about the common sight of loads of wood being trucked through the muniâ€" cipality. butr Ministers in Sudbury Say Clerks Working on Sundays IV senting the policyholdersâ€"R. S. Walâ€" die, Col. J. F. Michie, Arthur F. White, Arnold C. Matthews. At a subsequent meeting of the bsard C. S. Macdonald was reâ€"elected preâ€" sident, and Mr. R. S. Waldie and Col. J. F. Michie were reâ€"elected viceâ€"preâ€" sidents. |lent indicatitn of the strength and stability of the association and the I security behind its policy contracts," said Mr. Smith. "The Canadian life insurance companies, cayrrying on, like the Confederation Life, an internationâ€" _al business, enjcoy to a high degree the confidence of the public in all the countries where they are doing busiâ€" ness. At no time has the prestige of Canadian life companies stood higher than it does tcday, at the end of five most difficult years." The board of directors was reâ€"elected as follows: Representing the shareâ€" holdersâ€"C. S. Macdonald, John Firstâ€" brcok, James E. Ganong, W. C. Laidâ€" law, C. P. Smith, P. A. Thomson, J. §S. McLoan, Col. Robt. F. Massie. Repreâ€" it veports have been made in town to : effect that there was an epidemic poisoning of dogs here . Enquiry by e Advance seems to disprove the gestion . There have been many ths among the dog population durâ€" the past few days but this ssems to due to a distemper or Other disease t is attacking dogs here at present. ne days ago the police were asked to ot no less than five dogs inside a hours, the animals being so ill h little, if any, chance of recovery, t their owners thought it best to e the dogs destroyed rather than them suffer. In some cases doctors ised the disposal of the dozrs veports nave effect that poisoning of > Advance There is a recurrence this year of an gument carried on last yvear in Sudâ€" values, which the limits de regulations of $21,557,039 ceived by 10W investing the funds of thousands of inâ€" dividuals possessing small means, whose savings have been entrusted to the companies by way cof life insurance premiums, or for investment of loan and trust companies. The consequent loss in the income of many th:susands S attac days a no les curs, STOCKS BONDS GRAIN J91,00J in 1954 wWwas the largest reâ€" ed by the association in any year. th claims in 1934 had been materiâ€" less than in the preceding year. ense ratios had been reduced and return from the invested assets had 1 most satisfactory. The practice he association has been to carry its hor ortant. ne ‘ doing bu. Canada, b idland, CF America ; Sarnia Owen Sound Kirkland Lake Cobalt Timmins Noranda North Bay Sudbury Toronto Montreal Hamilton into the accounts at the which, today., are well OFFICES Car ut in Grea hina. Cuba and the W Ss@aid tTnhn 1934 w iccounts give an exct of the strength alt m a of A Y ming nounced <the s activities of Hawali. The Managet G. F. Black the deputaâ€" I would like view to see F. O‘HEA RN CO WE ofer an unexcelled service in ninâ€" ing and industrial stocks, bonds und commodities. Membersships on leading exchanges toâ€" gether with our extensive private wire system reaching all principal financial markets and northern mining centres, assure rapid transâ€" mission of important news and a fast and reliable market service. ntemnlila managet income of ild receiv arry its ir book within ; of the The inâ€" ADVANCE, TTMMINS, ONTARtTO MJl embers Toronto Stock Exchange Winnipeg Grain Exchange Montreal Curb Markct Chicago Board of Trade the king accepting nct only the _pre-- miers‘ resignation but also that of all the cabinet. Premier Kimon Gueorguiev, who has been practically a dictator in Bulgaria, for some nine mconths, has resigned. King Boris moved suddenly and swiftly to take the reins of power in his own hands, and as a consequence of the king‘s attitude the premier resigned, support of the Government in any manner designed to adjust econcmic conditions. There were a number of stirring passages betwesn the two leadâ€" ers. Many important announcements were made or suggestsed. One stateâ€" ment by Hon. Mr. Bennett was to the effect that the number of unemployed is less than 500,000, perhaps 400,000. Hon. Mr. King had mentioned a milâ€" lion. Mr. Bennett explained that the largest number of unemployed had been 750,000. The million was made by including the families of those on relief. Hon. Mr. Bennett also said th: people did not want an election, but that it would come in due time. KING OF BULGARIA TAKES ACTION TO RESUME REINS _ Much interest is centered these days in the parliament now in session at Ottawa. The announcement by Premier Bennett of his. policy and platâ€" form to improve: conditions in Canada by giving the great majority a better chance for "life, liberty and happiness" has caught the public fancy.. In support of his platform Hon. Mr. Bennett promised to introduce legiâ€" slation at this session of the House to put into effect the changes he believed desirable. Hon. Mr. King did nct outâ€" line a Liberal policy but he did pi‘omise Phones 100â€"106 Addresses by Premier Benâ€" nett and Hon. Mackenzie King Create Much Interâ€" est. Some Highlights of Session. | maiden name was Fereda Labine, was born at Chichester, Que., 36 years ago. In addition to the bereaved husband and four children, she leaves to mourn ‘her loss her mother and Mrs. Rae Derâ€" way, â€" Kirkliand Lake, Mrs. W. G. lCreswell, Mrs. Arthur Carriere, Ottawa, Mrs. Frank Cook, E. Labine and D. | Labine. Stirring Times in the Dominion House The funeral of Mrs. Raymond took place on Sunday, Jan. 20th, from her late residence at 46 Bannerman ave., to the Church of the Nativity where services was conducted by Rev. PFr. Dennis, and thence to the R.C. cemeâ€" tery. The pallbearers were her two brothers and Joseph, James, Maurice and Michael Landers. TIMMINS Much sympathy is felt for the beâ€" reaved family and near friends in their loss. Mrs. Lawrence Raymond, esteemed resident of Timmins for the past nine years, passed away at an early hour on Sunday morning, January 18th, in St. Mary‘s hospital. The late Mrs. Raymond, whose maiden name was Fereda Labine, was born at Chichester, Que., 36 years ago. Funeral on Sunday Late Mrs. Raymond Resident in Timmins for the Past Nine Years Died Here on Friday. Many Friends Mourn her Death two chiidren who live in his native country, Italy. PFuneral services for him will be held toâ€"morrow. Albino Mascuz, 28 years old Badly Crushed in Fall of Rock on Wednesday while Scaling. Dies from Injuries _ From Falling Rock Comer Third and Pine St a Reg. $10.00 for $8.00 Reg. $15.00 for $12.00 2 year guarantee with each watch Middlesex County, Ont., is proposin a tax on all bachelors to pay for th "absolute folly" to think about doing away with the throne. He considered a constitutional monarchy the best government for Britain for the presâ€" ent. In an address at Manchester, Engâ€" land, Sir Stafford Cripps, leader of the leftâ€"wing Laborities in the British House of Commons, said it would be Eight years ago Geo. Canning, of Stratford, wrote his initials on a $10.00 bill in Vancouver before he passed it along. Last week he saw the bill again for a few minutes when he cashed a cheque in Stratford. He did not keep the bill, however. "Go along, little doggie, go along!" he said. Speaking at Holy Blossom Synagague at Toronto at the weekâ€"end the Lieuâ€" tenantâ€"Governor Dr. Herbert A. Bruce charged that conspiracy of silence exâ€" isted in Toronto in reference to the Housing Commission‘s report on slums. The Lieutenantâ€"Governor was chairâ€" man cf the commission and recomâ€" mendations were made to right the evil conditions. Nothing has been done, however, and the people who should move, do not even speak of the report, Dr. Bruce said. Watches Semiâ€"Weekly Review of News in General Items of Interest from Far and Near. Special Notes on Happenings of the Day. 15 Jewelled Surplus Earned Buring the Year Total Net Income 2 1..p.D e Real Estate: Head Office and Branch Buildings Other Property â€" Bonds and Debentures: Government and Municipal COIHCPS~ *« * ale es‘ * . Macdonald, Mortgages: City and Farm â€" â€" 185 Iâ€"*SZECERITY ana New Assurances and Revivals in 1934 President. An Increase of $8,081,524, or 209 over 1933 Head Office Confederation Life T HFK »A Shows that, at the end of 1934, the Association has increased its resources and strength, even over the very strong posiâ€" tion of a year ago. The increase in Assets, New Business. Business in Force, income and Surplus, quite clearly reflects theimprovementwhich has taken placein business as a whole. PAYMENTsS TO POLICYHOLDERS and BENEFICIHIARIES 8$16.090309. 7614 s 2.90 7 .0 I 1 In 1934 satisfied policyholders of the Confederation Life Association, resident in Canada, applied for additional insurâ€" ance, and were accepted, for an amount equal to almost 40% of the Company‘s total new Canadian business for the vear. Town $12.6 76. 7 8: DIVIDENDS TO POLICYHOLDERS The Sixtyâ€"Third Annual Report of the In which the Assets of the Association are invested, as at 3lst December, 1934, is shown in the following schedule: MIGH GRADE An Increase of $4,.925.916 over 1933 The values at which the Assets are carried in the Balance Sheet are more than $800,000 below the values authorized> by the Superintendents of the Dominion and Provincial Departments of Insurance. G. Russel Boucher has resigned as senior magistrate for Carlton, Renfrew and Lanark, to enter the political field. Between 10,000 and 12,000 people thronged Massey hall Sunday evening to hear J. S. Woodsworth M.P., nationâ€" al head of the C.C.F. He said he would support the specific proposals of Hon. Mr. Bennett, but he did not think they went far enough, e S â€"| establishing of agriculturalâ€"vocational schools. _ There are 500,000 bachelors in Ontario, M. A. Campbell, secretary of the Trustees and Ratepayers‘ Assoâ€" clation, says. Fears of war between Japanese and Chinese troops is again on the wires. Fire swept the East Londcn (Engâ€" land) infirmary on sunday evening but the heroic work of the nurses preâ€" vented any loss of life. While the flames roared about them 60 nurses reâ€" moved 250 patients, all of whom were. in bed, to safety. Many patients were taken out wrapped in blankets. The cause of the fire is not known. G. Russel Boucher has resigned as R. 8. Waldie, Col. J. F. Michie, Telephone or Mail Orders Promptly Attended to Association $99.131.082 Association tceâ€"Presidents. 95 9 14.74%° it 3dlst December, 1934 2,.54% 1.063% Exceess of Receipts over Disbursome OF THE SECURITIES . Halperin Jeweller and Optician Policy Loans: Ordinarty > !% «_ «_ "s s Ssingle Premium m i# * 0w Stochks : ;. Common (Companiecs with no funded debt, mainly Canadian Banks, Trust Companies and Consumers‘ Gas Co.) VC Common (funded debi}; . :. \% Cash sand: .‘ :. . . . An Increase of $4.169 Total Assurances in Foree As at 31st December, 1934 8 reâ€" were were The 24.:5.060 Lost in the bush during a ragi snowstorm on his way to his minn traps cn V Lake, John McDowell, years of age, of York township, x found frozen to death at the head Deer Lake, seven miles from Grave hurst. Ceneral Manager and Actuary Stephen Kisch, aged 29, was at the home of a Toronto minister, ready to be married, when he was arrested on a charge of swearing to a false declaraâ€" tion in taking out the marriage license. Kisch, who is a Roumanian, is said to have married a Welland girl in 1925, and this wife is alleged to be living now in Northern Ontario. Former Fremier Geo. S. Henry this week held meeting with all the Conâ€" servative members and candidates from Western Ontario to discuss plans of battle for the coming session of the legislature. Sir William Mulock, Chief Justice of Ontario, and Postmasterâ€"General in the first Laurier Cabinet, started his year this week. Total Surplus As at 31 December. 1934 87. 66.90613 V. R. Smith, Toronto over 1,06% ts 11