Ontario Community Newspapers

Porcupine Advance, 12 Apr 1945, 1, p. 7

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B’nai Israel Synuogue treet North IBRAEL ) A nALPERN M Canter A f !;;_z: JGA }_' Pourth Ave., and Cedar Bt. M. REV. W. M. MUSTARD, M.A., B.D. 1. _ _ _ _pastor J. Spillenaar. f \Bun Morning Worship. 11 a.m. "_». Sunday School 1 pm. _ . "~‘ Rvangelistic Services 7. pm. Frldayâ€"Childrens Church 7. p.m. Prayer Meeting 8 p.m. 25 Golden Ave., South Porcupine Sunday School 2.30 p.m. o Evangelistic â€" Service 7.30 p.m. ‘Tuesday Young Peoples Meeting 7 p.m. Thursday Childrens Church 7 p.m. Prayer Meeting 8 p.m. All Welcomeée BShaw says Hitler will end up in Dublin. We should say: it serves both Dublin Porcugine United Church orshipâ€"Schumacher 11 a.m Evening Serviceâ€"Golden Cityâ€"7.00 p.m _BUNDAY SCHOOL 7 p m.. © BANK OF COMMERCE BLDG. aev Canon. R. 8. Cushing, B.A., L Th. , Priestâ€"Inâ€"charge t s 10 00 am. Sunday School 11.00 a.m. Morning Prayer â€" 7.00 p.m. Evening Prayéer Holy Communion on first Sunday Minister: Rev. A. R. Chdwick, L.Th. 11.00 a.m.â€"Morning Prayetr. 2 p.m.â€"Sunday School. 4.16 p m.â€"Baptisms. 700 pm.â€"Evening Prayer, Holy Communion on first Sunday of month at 11 a.m.; on second Sunday at 830 am.; and on third Sunday at of month at 11.00 a m. ‘llâ€" are wekcome, 10.00 a.m.â€"For all 12 years and over 11.00 a.m.â€"Dome Sunday School â€" 2.00 pm.-“{-.‘-l!-'or all below 12 years . The Salvation Army i CAPT. and MRS. DOUGLAS CHURCHB: Services Sundayâ€"11 a.m. and 7.00 p.m. Epén Tues'day,' Friday Aand 'Bafiturday from 12.00 noon to 5 o m. Oddfellows‘ Hall, Sptuce Street Nfl‘fl "â€"â€"Aunday Service 11.00 am. â€" Evening Se ~ BLOOX AVENUR. REV. J. C. THOMPSON 11.00 am.â€"Morning Prayer â€" ° Divine Service at 8:30 pm. in Anglican Church South Portcupine. The Presbyterian Church in _ Canada MACKAY PRESBYTERIAN CHURCRB 113 ELM STREET SOUTH Minister: Rev. Pr. Geo. Altken, Th.D 11 a.m.â€"Morning Service 3 p.m.â€"Sunday School 7 p.m. Evening Service \North Bay Nukget:â€"GeOrge Bernard Monnotgg United Church _ 100 Mountfoy Street 8. Christian Science Society s Peniecnstal Assembly. Cor. â€" .Re@ and Commercial Ave., REV. E. GILMOURâ€"SMITH, B.A. 11 am. Morning Worship 1 :pm. Evening Worship SBunday School 12.15 for 9 and over 94.00 for 8 and under Delnite Bunday ESchool 1.45 Public Worship 2.45 Golden ‘Cityâ€"1.30 Schumacherâ€"2.00 p.m m tb ourfriendly, ~Inspirational Services ’Q that your children are at Sundas Sunday School 045 a.m. 11 am. Morning Worship. 7 p.m. Evening Worship 12.15 p.m. and 2.30 p.m. The Church Trinity United Church St. Matthew‘s Church Schumacher Anglican Church ‘United Church South Porcupinge, Ont. Lutheran Churc South Porcupine, Ont (Missour: Bynod) E. Rotb®, Pastor erviceâ€" 7.00 p SUNDAY SCHOOL You Are Welcome Pine St. North. . â€"~An ectual examination of the Penâ€" sion Fund has established the fact that the Fund in now actually sound AaAnd that the,Company is freed from the terms of the Pension agreement with respect to the 53,332 shares menâ€" tioned in last year‘s Report. These shares are now held in trust for the UOcmpany. ‘The Gross Production for 1944 was 134,230 ounces of fine golq as comâ€" pared with 149,641 ounces in 1943. The Net Operating Profit, before deducting, Depreciat{ons Production, Ingome and Excess Profit Taxes, and Outside Exâ€" ploration was $2,951,954‘.13 Similarly the Net Nonâ€"Operating Profit was $921,271.31. These combined miscellanâ€" eousgoperating revenue (net) of $14,â€" ©055.15 gave a total of $3,888,180.59, At the close of the year the net excess of Current Assests and Other Investâ€" ments (Bonds and Shares at Market Price, except shares of Sigma Mines1 (Q@uebec) Limited, which are carried at cost) over Current Liabilities (inâ€" I I tluding dividend of $584,000.40 payable January 30th, 1945) was $9,437,072.63â€" contrasted with a sum of $7,819,010.47 at the end of 1943. In both computaâ€" tions there is included the market value in London or shares in South African mines, the proceeds of sale of which would be subject to exchange restricâ€" tions under present wartime regulaâ€" ,tions, as noted in the Balance Sheet and elsewhere A portion of this imâ€" proved position is attributable to the recovery of part of our original investâ€" ments in Indian Molybdenum Limited,, but the greater part is due to apprecâ€" djation in the value of our securities, or to judicious changes in our holdâ€" ings. The Company‘s net working capâ€" ital, and the sum of its workings capital and investments in subsidiaries at cost, ‘presently.stand at the highest level atâ€" "tained since the outbreak of war. The annual report of the Dome Mines Limited was released for publication on Saturday. It is an interesting docâ€" ument and shows that the Deme Mines in common with other gold mines is handicapped by the shortage of availâ€" able labour and the taxation in force. Despite these handi¢aps, however, the Dome milled only 6,000 less tons in 1944 than in 1943. However, the grade was also slightly down from the preâ€" vious year on account of conditions. From the President‘s Report ' The following excerpts from the | report of the president, Clifford W. Michel, gave important and interesting information :â€" i _ The taxes estimated for the year 1944 are as follows: Dominion Governâ€" ment $845,096.00; Provincial Governâ€" ment $66,500.85; Municipalities $20,693.â€" 44; these total $932,290.29. By careful use of the available manâ€" power, the tonnage milled during the year was only 6,000 tons under that treated in 1943, but the grade continued to decline, due to the inability to conâ€" tinue normal development, a condition fully outlined in the General Managetrs Report last year. This necessitates a reduction in the dividend in October from a quarterly rate of 40c to 30c per share. As we have advised you in previous wartime reports, no improve= ment in grade is likely, and only a gradual downtrend in earnings can be anticipated, until there is an increase in the supply of labour, It is with the deepest regret that your gdirectors record the death of Mr. Jules §. Bache, Chairman of the Board, and Mr. Alex Fasken, Viceâ€"President and Secrétary, and Counsel to the Company from its inception. In adopting resoluâ€" tions of sympathy to be spread upon the minutes and to be transmitted to the respective families, we weres conâ€" scious of the fact that we could never adequately express the admiration and respect in which we hold these two friends, nor the extent of the loss to the Compuny and to the community that their passing meant. Those of us who had the good fortune to be as« sociated with them will be guided by the wise counsel they gave us to further your Company‘s interests. Grade, However, Also Lower than in 1943 Owing to Inâ€" ability to do Enough Development Work. Annual Reâ€" port of Dome of Much Interest. Taxation Also a Serâ€" ious Problem. Lack of Available Manpower Holding Down Work of Mines To fill these gaps left in your direct= orate, we believe the Company was fortunate in 6btaining as associates Mr. F. Hedley Marsh, President of the Bank of Toronto, and Mr. C. C. Calvin, a partner of Mr. Fasken and formerly an assistant secretary, and now secretary, of the Company For several years the General Manâ€" ager, Mr. Stovel, has expressed a desire to be relieved of the burdens of superâ€" vising dailly operations. His services to your Company since 1928 have been of such great value that your directors only recentli® would accept his resignaâ€" tion, and then with profound regret Dome Tonnage But 6,000 TonsBelow Previous Year Despite Labour Shortage ~ INSURANCE IN ALL BRANCHES â€" REAL ESTATE ~ CaR and see us regarding New Low Rates on all Automobile Insurance At the same time your directors proâ€" _pose to establish a whoolly owned subâ€". sidary, Dome Exploration Limited, with: |headquarters in the city of Toronto, to‘ cutside exploration work. Thtough such a vehicle we hope to intensify outr , _already active search for new propâ€" erties and companies, and be in a | position to participate in the expanâ€",; concentrate in one organization all our, * | _sion which we believe will take place in Canadian mining at the war‘s conâ€" clusion, Mr. James G. McCrea, who has been with the Company for over ‘twentyâ€"one years, and in addition has. been General Manager of Sigma since its inception, will be appointed Gen»â€" eral: Manager of Sigma. His many years of experience with Dome â€" as Exploration Limited. He will also conâ€" tinue as General Manager of Sigma. His many years of experience with Dome as Exploration Engineer and as { Geologist and his outstanding part in the development of Sigma qualify him ‘eminently for this post. i z and with the proviso that he continue as a member of the Board, and accept the post of Managing Director From this position it is believed that. your Company will continue to have the benâ€" efit of‘ his extensive experience and knowledge of mining generally, and of the Dome in particular. Effective Marâ€" ch 1st, 1945, Mr. Robert E. Dye, Assistâ€" ant General Manager for nine years, will become General Manager, to which position your directors welcome him, confident of his ability and judgement. Once again your directors express their thanks to the management and their operating staff for a job well done in a year that brought more than the average number of problems to the mining industry. General Manager‘s Report The following excerpts are taken from the report of the general manâ€" ager, Mr. J. H. Stovel:â€" Concerning Employees Even after five and a half years of war we continue to lose men to the armed services. These now are mostly young men who were employed before they had reached enlistment age. Ten of our employees have now been killed in action. Those killed in 1944 were: Pte. Harry Robinson, Capt. F. E. Wright and Pte. Jos. P. Lone. ‘Cpl. P. D. Farâ€" rell was killed in a jeep accident near North Bay in 1944. Four of our emâ€" ployees are now prisoners»â€"ofâ€"war in Germany, those captured in 1944 being Sgt. Air Gunner W. McMahon, Fâ€"L Charles Thornton ;and FPâ€"O S. F. Bryâ€" ans. The list of our wounded, some quite seriously so, is ever growing A few of our employees have been decorated or have been mentioned in despatches for bravery in action. The record of our employees in this war is something that we can all be proud of. We can also be proud of the record of our employees in the Sixth and Seventh Victory Loans, which came during 1944. Despite a decreasing number of employees and an increasing objective each time, the employees continued to oversubscribe the objecâ€" tive set. . War Work This war contract work, which is carried on in coâ€"operation with the other mines of the district, was conâ€" tinued on throughout 1944 ailthough on a somewhat lesser scale than in 1943. It appears now as if this effort would be discontinued shortly for lack of further contracts : Death of Company Officials The deaths of Mr. Jules S. Bache and Mr. Alex Fasken during the year were a great loss to your Company.. Mr. Bache, as President for twentyâ€" five years, and Mr. Fasken, as Director for the life of the mine and as secreâ€" tary and Legal Counsel for most of that time, were more tran just Presi«â€" dent and Secretary. They were, in fact, the dominating personalities in the Company structure. They both had an exceptional personal interest and pride in your Company and were at all times ready to back up the management in its operating problems and in advanc«â€" ing those policlee which were for the betterment of our relations with our employees. Dome Mines was exceedâ€" ingly fortunate to have two such men at the helm over most of its life. They will be greatly missed by those of us who knew them well. Our operating experience in the year 1944 was very similar to that in the preceeding year. There was a slight falling off of men avaflable for mlne of our broken ore reserves we were able to maintain the tonnage milled. The general grade of the ore, for reaâ€" 18 BRUCE AVENUE â€"____ [ hB porevpiu® abvancg. ‘This will be the last Annual report that I will present to you, as my resâ€" ignation as General Manager takes effect on March 1st, 1945, and I think it not out of place to end this report on a personal note. What of the future? The immediate future : holds little hope of improveâ€" ment and conditions may, for a time, grow slightly worse. From the many letters we get from employees in the armed forces we have every reason to believe that most of these men will return to our employ and that they, together with our older employees who are still with us, will form a solid core of capable, experienced workmen abotut whom we can build a working force equal to that we had before the war. I say, with all sincerity, that there was no finer body of men working for any Company. Under these circumâ€" stances â€"I expect that your mine will climb, slowly but steadily, out of those depressed conditions which were solely caused by five and a half years of war My nedrlyâ€" seventten years. with this Company have been happy ones, happy because I always had the supâ€" port of the President and Board over me and of‘‘the staff ~and: employees under me. These war years have not always beeneasy, but that we are coming out ‘of them much better than I. would. have daredâ€" to hope:in 1939, had I known â€"then that the war would. still <be unfinishedâ€" as I write this, Inâ€" any years of service ~your Company I have acquired: a ~faith,in. the continuing future of Dome Mines that not even the years of stress: have been ableto shake.: But® I have reached â€"theâ€"age when I‘feel that Iâ€"should stepâ€"aside and let‘ those: youngex than : I am carry on I extend to Mr. Robert E. sons mviouqu explalned wss lower and in October. we had to cut our divâ€" idend rate steadily for two and a half years. While some supplies were difâ€" ficult to get, we did not suffer unduly in this respect. B onfTario . National Reconstruction has become, during recent months, one of the popâ€" ular topics throughout Canada. It is evident that the people of this country are determined to put into their postâ€" war efforts much of the push and determination that have made their war effort so successful. With an abundanceâ€"indeed an overâ€"abundance â€"of natural resources to work with, they are determined to provide the million new jobs that will be required to absorb exâ€"s@rvice men and women and munitions workers. One of the clearest evidences of our determination to tackle and solve this problem of postâ€"war employment is the present activity of the new Deâ€" partment of Reconstruction in Ottawa. The Honourable Mr. Howe has adopted in his new organization much of the businessâ€"like basis that has. made his department of Munitions and Supply such an outstanding. success. He has appointed as directorâ€"general or coâ€" ordinator: for each important branch of the new Department a man of out=â€" standing ability,, specially (skilled in the work of that branch.. Once again he has enlisted the aid of some of the To you Sir, and to the Board,. with which I will still be associated, I exâ€" press my sincere thanks for the supâ€" port that I have alawys had from you all To Discuss National Reconstruction and Mining at Annual Meeting of C. I. M. M. Dye, my. successor, my congratulations and to him and all those under him, whom I have known and worked with so long, I extend my best wishes for success and wellâ€"being at Dome Mines. â€" ts !that Mr. A. A. MacKay, well known ‘ mining engineer and President of the Canadian Institute of: Mining and Metallurgy, has been appointed ‘"Coâ€" ordinator of Resources Development" in the new departmental setâ€"up. His will be the rather complicated : job of seeing that all possible. natural . reâ€" ‘sources are put to use, without undue ‘duplication and without overâ€"producâ€" tion. ‘ Mr. MacKay will, therefore, be ! primarily responsible for= both »the | creation and the permancy of the milâ€" 'lion new jobs we must have.. This is a "tall order" but with the aid of his able associates, there is no doubt it i can be accomplished problemâ€"the of : converting our temporary wartime industries into best brains in Canada to solve a tough permanent peaceâ€"time employment The mineral resources of Canada will play an important part in this changeâ€" over from war to peace. No doubt it is partly in recognition of sthis fact The main topics to be discussed Aat the forthcoming annual meeting of the Canadian Institute of Mining and Metallurgy at Quebec on Apfil,; 17, 18 and 19th will revolve ‘round the quesâ€" tion ‘of "Mining ‘and. National: R,gcon- struction." â€"It is expecteds ‘that s the deliberations : of {several ; hundreds of mining men ; there: asaembfed will assist â€" materially, in giving' sulglance and supports to* Mr MacKay and the Department of : Reqonsuuction Abses Gallant Flier‘s ‘Little : Daughter Also‘ a 1J FC Flight â€" Lieutenant Gordon â€" Corrlgan is now entitled to use the coveted. inâ€" itials : D.â€"F.~C, . And.so : is, his© babv daughter. How.â€" this comes about As told: in the following: paragmph from last. < week‘s . Rouynt-Noxanda PreSs "In Toronto ‘on > Thursday last daughter : was. born.: to. F.light Lieut' Grahamâ€" Corrigan,. DF‘C . (youngost son of Mrs. A. Corrigan, of Rouym, and Mrs. Corrigan, the fmer Mary Hall, daughter of Mr. and Mrs. M. Hall. ‘The young couple were married in Engâ€" land in June of last year and the bride, who was a corporal in the Woâ€" man‘s Division of the R.C.A.F., returnâ€" ed to Canada last December, visiting later in Rouyn. FIt. Lieut. Corrigan, who was awarded the D.FP.C. last fall for exceptional service in operations, is still in England but is likely to be back home in the: reasonably near future and eventually take up resiâ€" dence here. Quite appropriately the name given to the little daughter who arrived last Thursday is Dawn Frances so that her initials will correspond with the wellâ€"merited distinction a=â€" warded herâ€" father for Gallant serâ€" vice in the air." Sudbury Star:â€""All frills are elimâ€" inated from the ‘45 feminine bathing suuit, And then what have you got, except a few facts of life? //Afl @# << CX $ .7 € “\d‘ _ CA #. v)’ raAdk® s8vEN 284

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