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Tomorrow, we open our new store ‘ at 5 Pinc Strect, North, Timmins, between the Imperial Bank â€" and ing scuined away hungry, but giving focd does not appear to be as difficult as giving money â€" and there is, of course, the suspicion that the money may not be used for the bed anyway. «So, gathering the items together w: of thansient "have come o their Houses late in the mnhg asking for ,money for a bed for the night. .., It’aeemaiwwdonaeoldnmwomd the poor young fellows off without the quarter, but this sort of thing can," of course, be overdone. <iIin no single in=â€" atance have we heard of any one be-1 at 5 Pinc Strect, North, Timmins, between the Imperial Bank and Store. We feel sure that our patrons will be pleased â€"with these spacious quarâ€" ters space for a much larger stock,â€" When you come in you‘ll find the new store more atâ€" Sractivein ievery way. â€" â€" Announcing th _ _ BUT NOW in our new store we,have ample space. row you will see our counters and shelves alive with the vanced â€"patterns are here and the materials too. You j them . ... be sure to call and plan your whole wardrobe 1 Then You‘ll Be Interested To Know More and more women are making their‘own clothes.. The way to get something reallysmart and distinctive is to make so many have turned to sewing that our little store was nc modate them nor was there space to carry the range of m s o ie o P i c wl t ce t c wÂ¥ D j tairt... Gay and springâ€"like, some with splashes of | colour. Frilled: curtains . and glassâ€"curtains, too! Yiards and yards of curtain and drapery material just in. Marquisettes silk and cotâ€" tan nets, homespuns, shadow ‘cloths and creâ€" £onnes in every colour and pattern imaginâ€" Hundreds of pairs of fresh crisp cottage curâ€" able. Just the: materials you‘ll 1 brighten your home for Spring. ATTBSOLDSTORE!?PINE ST. N. Unma!ichfldren‘s\vearandnryuoods are completely cleared. DRY GOODS STORE any that have app.ied to us perâ€" sonally we have given the information calleéed Chief Mcinnis to ses whether he throw any light on the seemâ€" ing epidemic of bedless men. . â€"~ â€" â€" So You Sew ofmwommnmlymmem. Janmenhmmmvereumeamm These transients apply to the police osrlceandmnnowedwstaymtbe jait overnight; in the morning they apâ€" ply to the Township for a meni ticket:; are given one good meal, and are sent + m‘ ight there were 14 mes there. | "**** ke, exouiding Tuesdays, the . reeve nnsiemsapplytoflmpoucoj-- f i are allowed to stay in the ‘ ight; in the morning they 2D~ | dividua; attention,. and the court sat Township for a meul ticket; _ ‘‘| till late in the night. Men on t oné good meal, and are sent e Ns shil j work,; who could fhot get in the dayâ€" rialse _ L122 1 7 TTP"‘*#46 Uuwers are these new mate( rials.= You‘ll â€"see them latér on only in the smartest Spring frocks. Stunning tinted flower prints. ‘splashy or scrolly forals. massed effects. Soft or brilliant solids too. ° and shelves alive with the spirit of Sprifig;_; filéj‘t;’d- here and the materials too. You just. won‘t ‘be able. to resist call and plan your whole wardrobe for the gay months‘ ahead,. Cheery and fresh as little Spring flowers are these new mate( â€"riale _ o oo s ic t s h t e ut T At 5 Pine Str'e'gt_,,;North’ O W o e e n . 20 eSÂ¥ _ WA VY * ce to carry the range of materials ‘that they have es e s s t e e e o ol ts nictive is to makeit themselves.â€" In fact little store was no longer: able to accomâ€" P uP in / MB _ e o clothes. They have found~ the sure time, were heard in the evening. Over four hundred appoals were recaived and dealt with. Arrangements are almost completed for the Girl Guides‘ Telephone Bridge which .will be held on Valentine‘s Day. youâ€"c.‘ne in toâ€"morâ€" Moose provided a very .kmch and every one enjoyed ig thoroughly. ‘ The Women‘s Association of Porcuâ€" pine working in support of United Church interests in Golden City is holding a bazaar, Valentine tea and baking sale on Saturday next, Feb. 11, in the Porcupine Municipal hall. The ladies would be delighted to welcome any,South â€" Porcupine visitors at this Beforeâ€"Easter the school will proâ€" duce a â€"concert with two plays for which the students will soon begin pracâ€" _ _A basket ball game between Schut macher High School girls and our cwn High School team resulted in a score of 18â€"10 in favour of Schumacher. In the:first half of the game the teams appeared fairly equal, but in the second half the speed and strength of the SMacha squad showed up, and our husky maidens lost out. Miss Scully, of Schumacher, and the new Scuth End teacher, Miss ‘Foster, reâ€" fereed the game. A dance followed, at which Mr. Ben Schult‘z orchestra played. Lunch was served and the visâ€" itors were given a gcod time. The High.â€"School debating team will compete with Cochrane here on Feb. Mr. Kitchen a rousing vote of thanks at the conclusion. ‘ Mr. Nix, of the staff,.} officiated at the piano during the picâ€" ture showing and played music suiting the scenes portrayed in an exceptionalâ€" ly brilliant manner. Pupils of South Porcupine High 6chool had a very pleasant evening at Friday‘s Students‘ Night. Mr. Stan Kitchen, of Schumacher showed a movie travelogue, featuring same of the most interesting: places in the world. The youngsters thoroughly enjoyed the picâ€" tures which were very good, and gave Ten members of the Consumers Coâ€" operative Society attended the party at Harmony Hall in Timmins on Friday 'evening and thoroughly enJoyed the afâ€" fair. Friends of Archdeaton Wosdall will be glad to know that he is recovering from his recent fall and will be able to take the Sunday services tomorrow Mrs. Shaheen is at present in Torâ€" _Don‘t forget the Valentine tea . and apron sale to be held by the Unitéd Church Ladics Guild on Feb. 14th, in the church, Bornâ€"On Sunday, Jan. 29th, 1939, to Mr. and Mrs. FAarengo, of South Porâ€" cupineâ€"a daughter. . ~Bornâ€"On ~Saturday, Feb. 4th, 1939, to Mr and Mrs. A. Curley, of Moore Stâ€"a daughter. The ladies of the United Church Guild will meet on Tuesday afternoon in the vestry of the church. Two rinks, one from the Dome and one from South Porcupine, are leaving on Sunday to take part in the curling bonspiel at North Bay next week. The Dome team will be composed of C. Kemsley, W. Honer, D. Richards and 8. Harrower. South Porcupine rink will comprise W. Fairhurst, C. Fowlie, C. Lamothe and P. Murphy. Mrs. David Kemp, of O‘Brien Ave., left this week to spend thres: weeks with her mother in Coniston. cent bazaar which was acknowleded a wonderful success. _ Mrs.. R. Cameron, who has been spending a month with her family in Toronto, returned to South Porcupine on Tuesday. o . Mr. W. D. Pearce returned home on Monday from three weeks spent in Kemptville and Ottawa. Any who would care to help by enterâ€" taining on that nish:s will be welcomed. T‘wenty hostesses have volunteered, but the more, the merrier. Each. hostess is having two or more tabl‘es. In no case is one table being entertained. Mr. W. G. Skinner has given permission "Tor the prizes to be displayed this coming week in his flower shop windowâ€"six prizeés, and all worth winning. In our report of the women‘s Auxm- ary of the Porcupine General hospital on Thursday one important item was omitted. The High School Giris, unâ€" der the direction of Mrs. Blake, made many hospital dressings on Friday eveâ€" nings which Miss Morgan, superintendâ€" ent, has mentioned â€" specially as a "great help." This should have been included in the report. The Kiwanis, this Thursday had their regiular meeting as usual, but no guest speaker. Much of the business session was taken up with reports of the reâ€" R. .O. McCulloch, President, The Mutual Life of Canada. who preâ€" sifed over the 69th Annual Meeting Af the Company at Waterloo. otherâ€" companies the total Paidâ€"for Business â€" formeyeartmmm only exceeded the Pald-for Business of 1997. Hflhw Wd Sor the fact that business f; pot as active as in the preceding ithatrtb(wetoonrlmyfmm their vohime of sales" |â€" "If calculated on the same basis as in 1937, the â€"gain in our Assurance Asâ€" count is $12,847,100; but certain pn- sion contracts providing for return of premiums, which were formerly in Asâ€" surance Account to the amount of $4,â€" 315,515, were at the end of the year transferred from Assurance to Annuity Account. .The gain in the total Inâ€" curance in Force, 6559;109.991 was thus reduced to $8,532,585.‘ The Annuity Contracts in force call for annual Anâ€" nully payments at maturity of $2,444,â€" carnings in excess of cur valuation rates in the contribution they make toâ€" wards a surplus distribution to policyâ€" holders which is kept our Company in "The careful selection of risks, both at Head Office and in the Field, has again given the Company a favourable mortality experience, In view of the proespect of reduced interest earnings, the‘ability of the Company :o mainâ€" tam these ‘mortality savings is very gratifying. .It is not always recognized that these mortality savinzs are a factor equal in importance to interest low cost life insurance protection. [Shows Gain in Assurance . |~ Force, Assets, Ete. alu- â€"| gble Addresses ‘Given. ‘"Bonds and Debentures are taken into cur Balance Sheet at book values which are amortized values, with the exception of a few securities which may have been written down. Stocks are shown at the purchase prices, unless in the exceptional case written down. Comparison of the book value of cur security holdings with the â€"market valuations furnished by the Departâ€" ment of Insurance indicates an exâ€" cess of market values over our book values of approximately $7,691,820.94. "‘The rate of interest earned on mortâ€" cage investments for the year 1938 was 4.82 per cent , and the rate earned on mean ledger assets, 4.68 per cent, the latter being only oneâ€"tenth of one per cent. less than the 4.78 per cent. earned in 1937. Interest carnings have held up remarkably well, especially since the average yield obtained a new bond purchase in 1938 was only 3.55 per cent. "The Total Assets amount to $178, 977,222.71, an $8,780,870.37 in 1937. ‘Holdings of the Government and Municipal Bonds ((All Canadian), were 441 per cent. of the total Assets on December 31,, 1938; Other Bonds, 10.7 per cent. Mortgages and Sale Agreeâ€" mentsâ€"City, 15.7 per cent., Farm, 4.3 per cent; Loans to, Policyholders, 15 per cenit.; Real Estate, 28 per cent.; Cash, 1 per cent; Stocksâ€"iPreferred 8 per cent, Common, 2.7 per cent; Due| cent; Due and Accrued Interest, 1.3 per "Free Surplus of $5,722,000.02 has been increased by $558,172.60; as comâ€" pared with an increase of $379,914.04 in 1937; and the Policy Reserve adjustâ€" ment Fund has been increased $300,000 to $1,500,000. The purpose of this Fund is to strengthen the Company‘s Policy Reserve by changing the basis of valuaâ€" [ tion of the business written in the years ; 1870 to 1902 and 1926 to 1935 from 3% per cent., to 3 per cent. When this business is, in the near future, valued at 3 per cent., the Policy Reserve Adâ€" justment Fund will soon disappear from Special Reserves and Surplus Funds and be absorbed in the Policy Reserve item of Liabilities. This strengthening of reserves is, of course, entirely beyond legal requirements, but it is undoubtedly the prudent course to take in view of ‘the trend in recent years to lower interest returns on inâ€" vestments. In addition to the Policy Reserve Adjustment Fund and the Free Surplus already referred to, the Comâ€" pany has the General Investment Reâ€" serve of $2,000,000, a spezsific Depreciaâ€" tion Reserve on Morgages and Sale Agreements of $1,383,728.37, and has followed the practice of preceding years by setiing up at the end of 1938 $3,500,â€" 000 as provision for dividends payable to policyholders in 1939. Thus a wide margin of safety is provided above all the obligations of ‘the Company in the interests of security to policyholders, and continued stability. ‘"From the cperations of 1938, we have azain increased Special Reserves and Surplus Funds (excluding Provision for Staff Pensions) . by $917,729.26, to a fotal of $14,719,049.13. In previous statements, provisions for Staff Penâ€" slons has been included in Special Reâ€" serves and Surplus Funds, and alâ€" though they are not all contractual liagbilitics, it is preferable that be excluded from Surplus Funds. Discussing the company‘s reserve and other features of the statement, Mr. Somerville said : New assurance paid for in 1938, exâ€" cluding annuities and revivals, were $44, 855,000 and brought the total inâ€" surance in force to $559,100,000. Assets were increased by $9,000,000 to $178, 975,0C00. annual meeting held at the Head Office at Waterloo last week. â€" â€" Before becoming a chartered accountâ€" ant a man must serve an apprenticeâ€" ship of five years with a graduate accountant and pass three examinaâ€" tions, primary, in‘ermediate and final. ~A special sitting for the examinations was held in Timmins in December, simuiltaneously with the provincial exâ€" amination, which was held in Toronto. One hundred and fiftyâ€"one candiâ€" dates were successful from the proâ€" vince. Of that number sixtyâ€"five passâ€" ed their primart examinations, fiftyâ€" seven their intermediate and thh'ty- nine their final. f Results of examinations, which were made public over the weekâ€"end, showâ€" ed that two other apprentices with Mr. Ross were successful. R. H. Pope passed his primary examination and J, D, Anderson passed his intermediate First prize for the province of Onâ€" tario was the award granted George E. Armstrong, of Timmins, for marks obâ€" tained recently when he tried his inâ€" termediate chartered accountancy exâ€" aminations. Mr. Armstrong is an apâ€" prentice with George Ross, C.A., of Timmins. Local Student Leads in Accounting Tests | "I decry and deplore the claim of |those who contend that our governâ€" ment deficits can only be prevented by arbitrarily cutting the interest rates on public Gebt, and the abrogation of cur pledged word ccupled with afailâ€" ure to even attempt to live within our National income. ‘This is not the honâ€" orable way, nor is it the one in which 'the most advantageous sclution lies. It is my firm conviction that the greatest good will be done to the greatest numâ€" ber if the relations between debtor and crediter which have in the main proved not only effective but reasonable are permitted to continue without arbitrary interference, and an orderly adjust= menit of financial obligations is arrangâ€" ed in accordance with contract terms." Later/in his address Mr. McCulloech stated: "It is our duty as patriotic citiâ€" zens in the futlure of the nation to see that the same economy of management is observed in its fiscal effairs as we would apply to our own personal and corporate expenses." > » + "If we could be assured of sane sound Government, lHimiting cur expenditures to our available resources, balancing our budget and aiming at reduction of cur public debt and relief from some of the taxation which is crippling the current business of our country upon which our prosperity depends, I have no doubt that â€"our national â€"economy, through the working of natural econâ€" omic forces, will adjust itself to the changed world conditions. Certainly with all our wealth and resources of mine, field and forest, it is well within our power to maintain our national solvency but we cannat do this if we continue to anticipate the revenues to be derived from the fubture developâ€" ment of these resources by pmng up an interest bearing debt." The President of the Company, Mr. R.O. McCulloch, during the course of his address, said: _ _JEWELLERS AND OPTOMETRISTs 7 PINE ST. N. TIMMINS PHONE 212 Be sure to come in during this storeâ€"wide event. This is the onceâ€" aâ€"year opportunity to save ‘on the things yvou‘ve always wanted ... . rare opportunity to choose gifts and suitable items for bridge‘prizes and other occasions, Everything in the store is, of course, of Halperin‘s usual high quality, Call in toâ€"morrow. L.â€" HALPERIN CONTINUES â€" With Great Reductions in Every Department en l â€" Today will be cloudly. The cold_ wind which was noticed this morning will continue and light snow will fall, he said. _â€" Maximum and minimum temperz’t- tures over the last few days have been as follows:; Thursday, maximum 27 beâ€" . low zero, minimum 17 below zero; Friâ€" day, 15 below and 8 above: Saturday, zero and 16 below; Sunday, 6 below and 14 â€"below.â€" Last night‘sâ€" minimum ~wWas 6 below and at eight o‘clock this mornâ€" ing the thermometer sxx deâ€" grees below zero.â€" } On Thursday five inches of snoaw fell. Between 9 a.m. and 10 a.m. on Friday a quarter of an inch fell. There were a few flurriss yesterday. Total depth was a quarter of an inch. Weather during the next few days will remain cold or moderately cold, said Sidney Wheeler, Hollinger weather expert today. He prophecied that there would be flurries of light snow.: Expect Cold Weather Says Weather Expert Elk Lake.â€"Provincial Constable . Alâ€" lan Stringer, who has been stationed at Schumather and who beforse that was located at Iroquois Falls, has transferred to Elk Lake post of the force according to advices reaching here from district headquarters at. Halleybury. Constable Stringer, whose move is ofâ€" fective immediately, succeeds Constable J. F,. Pretorius. Durinz the vacancy at the post here, Constable Fred Simpâ€" son, of the Halleybury deta"hmenb has been in charge. Transferred to Elk Lake Post from Schumacher Across the Road or Across the Country WE CAN TAKE IT! Phone 427 STAR TRANSFER Moving. CB.ATIN G PACKING SHIPPINGâ€" STORAGE Local and Long Distance EVERY LOAD INSURED