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‘longer fit to handlé a game. . History is cnly reveating itself. More |than once in the past, the Mines Leaâ€" Executive has been forced to in ou‘side arbitrators to handle tne.games, as the fans were convinced smat this league had the world‘s worst ’referees What happened? Topâ€"notsâ€" . The big holler cf the week seerm _bn- weâ€"called poor officiat‘n; wh‘stleâ€"tooting gentemen, nar Vail and Normie Woon. ,R(d was last Wednesday night‘s a b:tween Hollingzer and the Po: %u iwyâ€"clubs always provide ',tmtoot setâ€"up for a rough game, lu y a dirty game. The fact the tilt was plaved in the South itce nalace didn‘t help matters ci as the South End fans are as r azx can be found anywhere. 7 *back their team to the hilt. As skid before, both Hollinger and S EKnd have some real bruisers who -;-play it rough and play it diry. T ‘4s quite a difference between t ,1“!9 statements though. A game ‘be rough and stlll not be dirty. B ‘checks can be tossed in every dire: still no penaities dished out inotmng ilezal has been done. is where the trouble s arts. Most ‘hate to see their ‘darling‘ flat o1 his back and immediately h *!cr the ref‘s blsod. Then as the g progrcsses the swaking gets worse ‘Tinally by the end of the contest ‘spec.ators have come to the cor s‘ion<that the referees involved ar ‘longer fit to handle a game. §ports Corner Agents With Underwriting Facilities For All Lines of Insurance Today disaster strikes at the financial ’Esccurity of home and business and usually as unexpectedly, too. Insurance is the great safeâ€" guard against dangers that threaten frony within and withâ€" out. No matter how careful we may <be, things happenâ€"some preventable, some not. Look to the insurance companies for the financial security against disaster which these establishâ€" mcnu alone can provide. This ggency represents the hest Onlv Simmsâ€"Hooker Pickering Friday, Sat., Sun. Midnite, Mon., Tues. ~â€" WWirk THE SPEED OF LIGHTNING HIJ KIDN! Timmins And South Porcupine * Color Cartoon by Doug MeLellan V an Heflin Tod: 6 67 Tel ‘h ‘3 ra n *9 egn tlhese game can ty. Bodyâ€" r dires ion thumbnail SKe.ches day language in the of the statement‘s 1 of M‘s revort unde Starts and n In sSpecial Message For B of M Accounts chers from outside the camp failed to satisfy too. One lasted about 10 days and on another occasion a highly rezarded ‘tooter‘ lasted about a month, kefore he was ousted. Can it be the officials or the fans? I am inclined to believe that the fans are at fault as they do not know enough about the rules. More than once a call has been made where the refs received a tremendous booing because they were calling something, in which they were quite right, but because the fan doesn‘t know a certain ruie he is positive the official is wrong. How many of these hollering fans can honestly state that they know the 80 rules constituting ‘he game. Everyone thinks he knows them, but it would be a safe wagetr Jriat only a handful actually do. Just remember the next time you are cerâ€" tain that the ref is wrong, that all but one of the local officials was a topâ€" notch hockey player in his day and has a complete knowleage of the rules and their applicaticn and he does not ueserve to be made the goat of your By the look of the Senior League at present, it appears as though the group is going to be divided into three sect on. At the top of the heap we lind McIntyre and Hollinger, Porkies are loafing around in the middle and holdng up the league from the bottom are the Falls and the Juniors. Hol« linger and McIntyre have shown since ‘ke beginning that they are going to be tiugh to beat. The Combines have given a few good showings lately but just haven‘t got it as a winning club. The Papertowners looked good against Hollinger a couple of weeks ago but they too won‘t win too many games. It is only fair to say though, that things mavyv be d‘fferent for them when get ther own ice and get regular prac ise sessions. The Porkies, who were picked to waltz away with the group, haven‘t been burning up the league so far, but Saturday night‘s exhisition against the Falls gave signs that the Porkies had at last come to lif.e. Bill Maki has made two big changes in his lineâ€"ups which seemed the other night to be working wonderâ€"< f1il and may be just what the daoctor ordered. Jack Ladds has been moved from the Adamo lne to the Hepworthâ€" Haneberry trio and Frankie Sicoli now flenks and Houston. The move really paid off as both Ladds and Haneâ€" berry turned in a hat trick and Hepâ€" worth garnsred 7 scoring points. That‘s the way things s‘and after the first month of play. Tomorrow urcd Wr t ONTREAL fcurth so in last year‘s statement, bright »bnail ske . ches and clear everyâ€" anguage in the actual breakdown e statement‘s make the B ‘s report understandable and inâ€" it Susan he reader as an ac ive parâ€" ith the heading: "It Took I 1,700,000 Fellow Canadians This Billionâ€"Dollar Story." es on to show just how dolâ€" ited a the B of M are "kopt Oork â€"â€" lhelping Canadians in k of life to make a better POWER â€"BATE , â€" SBhowing the eccess.ve year, t marks vyet ano humanizing its ctice originated 45, and designed out of bank s a N THE SAME PROGCC a qy Havward Fotoâ€"Nite S8$00,00 KELLAWAY td cose Custsmers c1 rt immediately an ac ive parâ€" » way for he Bank her forâ€" s annual by the i to take nents. report These deposits, amounting to well over one and threeâ€"quarter billion dol«â€" lars, demonstrate how a national inâ€" stitution like the B of M is big simply because a geart legicn of citizens look to it to safeguard their savinzs and tn emplovy those savings accordinz to sound banking principles. Reflecting the bank‘s steadily growâ€" ing participat‘on in business activities Record Deposite Billion In step with an increase in practiâ€" cally every department of the bank‘s activities, deposists are nearly 100 million dollars h‘gher, with most of tmne increase being in the savings deâ€" posit category. TOTAL RESOURCES WHICH THE Bof M HAS TO MEET ITS OQOBLIGATIONS . BANK BUILDINGS: |n QUICKLY AVAILABLE RESOURCES: The resources liste all of which can quickly be turned into cash, cover 78.09 that the Bank owes to the public. These assets" at JINYESTMENTS: The B of M | CASH: The B of M has cash in its vault on deposit with the Bank of Canada : MONEY in the f ts Ci the | furni their transaction #JANJ: iJuring the year, many muillior have been lent to business and industri for production of every kind â€" to fa men, lumbermen and ranchers â€" to c walks of life, and to Provincial an Governments and School Districts. The LO >3 , i h 1n fully pi invested in i CFl ublic securities, which have 7 the Bank‘s books at a fiouw 1ns amoun L A.cross the nation â€" in cities, towns and villages â€" the B of M has kept your money, and the money of 1,700,000 other customers, hard at work in 1948 . .. helping Canadians in every walk of life to make a better future for themselves and for Canada. Here is the money that makes the wheels of commerce T‘- turn . .. that provides thousands of business 3t y enterprises â€" from the largest corporation to the smallest oneâ€"man show â€" with the credit they need to carry on from day to da_v. To citizens on salaries . .. to farmers with seasonal incomes ... to merchants, manufacturers, businessâ€" \ men in every worthwhile line of endeavour \\\\ . . . to municipalities, school boards and \\\ in governments . . . to churches, \\\ A hospitals and all types of \\ \\\ LOANS: The B of M has call protected by quickly saleable uTe .}.? iv‘, ;.,.,! PORCUPINE AnVANCE, TTIMMINS, ONTARIO Th NV her bank The bank‘s resources have reached Out of earnings $3,800,000 was dis« a new high of $1,991,380,000. This 18â€" trimuteq to shareholders, the balance ure exceeds the B of M‘s obligatiOns of s1 s59 6g9 being transferred to the ‘to teh publ‘c by $82,939,000. profit and loss account. Net Profits Steady A graphic earnings statement, an After paving all overhead expenses, innovation in last vear‘s B of M reâ€" including staff salaries, bonuses, and port, sums up the whole billionâ€"dollar creased by nearly 8 percent over i year‘s figure and its holdings of inâ€" dustr.al bonds and debentures show a substantial addi ion of over 32 million. However, this has not occasioned a reduction of the bank‘s lholdings of government and other public securiâ€" ties, which have increased by approxiâ€" nately Â¥Whe B of M‘s commercial loans in. Contributions to the pension fund, and en than nt t many millions of dollars and industrial enterprises kind â€" to farmers, fisherâ€" ichers â€"to citizens in all Provincial and Municipal \YORel ich have | 5 percent otf VJ wn on its the Bof M serves fices.The value of nk, together with oans which are ecurities. These nds and other ilion nti quick assets" amount BanK or MoxTrRrEAL bilitic Bank wns and 11 4 XA. a V ... 1 WROTE yz ‘ A I 'I'I'IIS BILLIONâ€"DOLLAR STORY 7 | d ver 78.09% of 1J IV bove al; Out of earnings $3,800,000 was dis« tributed to shareholders, the balance of $1,8859,669 being transferred to the profit and loss aceosunt. A graphic earnings statement, an after making provision for contingenâ€" cies and for deprecviation of bank premises, and taxes, the B of M reâ€" ports earnings for the year amounting to $5,459,000. This compares with $5,423,000 in the previous year. Profits before taxes were somewhat lower, reâ€" flecting higher operating costs and in‘erest payments on larger savings deposits. §1,991,380,618.07 1,003,5 1 3,939.08 456,266,244.22 129,037,998.89 114,887,350.99 zlla/-’ 990 ()6 15,391,604.71 29. 383 .60)2.1 public institutions ... hundreds of millions of dollars are being loaned by B of M managers at more than 500 branches from the Atlantic to the Pacific. That‘s a glimpse of the 1948 worksheet for your ;7 savings ... the sum of your contribution to Canada‘s progress added to that of 1,700,000 other Canadians in the B of M family. B of M depositors‘ savings â€" your savings â€" thus play a vital part in maintaining our high Canadian standard = of living and in making Canada the third greatest “// trading nation of the world. /I’//'/’/ Yes, by saving at the B of M today, you are helping to build the greater Canada of tomorrow, while securing your own future. C "Mw« OF MON P EAL t ’ EARNINGS â€" After paying all ov salaries, bonuses and contribution making provision for contingenci premises, furniture and equipme TOTAL OF WHAT THE Bof M QOWES ITS DEPOSITORS ANH OFHERS.â€" . . :. s n e sys * 15908,441;,407 .43 TO. PAYâ€" ALL IT QWES, THE BofM HAS TOTAXL RE. sOURCES, AS SHOWN ON THE LEFT SIDE OF THIS SEATEMENT, AMOUNTING :TO_ . â€" . â€"_ . «/0 *»8()(»48 07 WHICH MEANS THAT THE B of M HAS RESOURCES, OVER AND ABOVE WHAT IT OWES, AMOUNTING TO $ 82,939,240.64 This figure of $82,939,240.64 is made up and, to some extent, of profits which have from business to broaden the Bank‘s services and to OTHER LIABILITIES: Miscellaneous items, represent ing mainly commitments undertaken by the Bank on behalf of customers in their foreign and domestiz trade transactions BANK NOTES: B of M bills in circulation, which are payable on presentation, amount to DEPOSITS: While many business firms, manufacturers, merchants, farmers and people in every type of busiâ€" ness have large deposits with the B of M, the bulk of the money on deposit with the Bank is the savings of well over a million private citizens. The total of all =ti@posits Hig» :.;. BR e ANIDY HOW THEY WER} » DIVIDFEI Di\'ikl Leaving Net Ea Balane emises, Turniture in r the twelve months amount was distri IsiOn for 1 incial Taxe Profit an Sharechold Domimnion RuaSuataatan®s a®s ate ate ote ateate ate ate ate ate ate ateate atvateatecteats ote ateate ate ate ate ate ate ate ate ce ate ate ate # . ® .0..0'0 story, giving in detail â€"â€" down to the earnings in relat@on to the shareâ€" cent â€" the distribu‘ion of the vear‘sholder‘s invested dollar. On each dollar of the sharcholders‘ money invested in the Bank of Montreal, the Bank earned 10.17 cents in 1948. To FAXES ; j To SHAREHOLDERS To SURPLUS : 7 . 3.59 cents .. 2 {i~4.34 CENLS 2e / % . 2.24 cents crhead expenses, including staff s to the Pension Fund, and after es, and for depreciation of Bank nt. the Bof M reports earnings of money subscribed by the sharecholders time to time been ploughed back into the give added protection for the depositors. :.-"/..:':.--I-v‘/,-:Z/ -/.,:. a x n A X 1M $1,877,011,226.8% 27,185,663.58 8,439,0669.54 5,459,60060.54 3,600,000.00 1,859,6609.54 4,244,517.00