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&3 §3 ome en ce _ Total Amount of Insurance Now in Force $87,756,853.00.â€"Net Bricker, a * Amount of Premiums Written in 1930, $331,235.00.â€"Imâ€" m :;f provement Noted in Class of Risks. â€" More Aggressive of the Don Policy Adopted In Securing New Business. Company. es Dire L. W. SHUH REâ€"ELECTED PRESIDENT; ' Directore > FOUR DIRECTORS ARE REâ€"ELECTED were reâ€"elec Addresses were made by President L. W. Shuh, managing director Arâ€" thur Foster, Ford S. Kumpf and James C. Haight. o You will note from the statement submitted, that while we have more policies in force than last year, there is less insurance in force and a very considerable drop in the preâ€" mium income. This is due to the fact that at the beginning of the year we found it necessary to raise our farm rates, particularly in Eastern Ontario where farm losses Those present included: L. W. Shuh, W. G. Weichel, Arthur Foster, Jos. Stauffer, of Galt, J. Howard Simpson, Guelph, Ford S. Kumpf, E. J. Bauer, Oscar Rumpel, J. C. Haight, W. R. Bricker, F. H. Moser, R. S. Bean, J. A. Fischer, C. H. Ruppel, E. Rotharmel and J. Gillesâ€" pie. In seconding the motion for the adoption of the directors‘ report, the viceâ€"president, W. G. Weichel, took occasion to refer to the loss susâ€" tained in the death of one of their colleagues, Richard Roschman, a director of the company since 1915. Managing Director‘s Report As is my usual custom at the Anâ€" nual Meeting, I shall give a brief resumé of the year‘s operations. The directors‘ report was read by the president, L. W. Shuh, while Arthur Foster read the report of the managing director. An interesting feature of the meeting was the unveiling in the board room of a fine oil painting of the worthy president, L. W. Shuh. A short address was made in connection with the unveiling by viceâ€"president W. G. Weichel. It is noteworthy that this longâ€" established â€" and â€" soundlyâ€"managed company has built up a very subâ€" stantial reserve fun(f, which is a source of increasing strength to the Company. The Waterloo Mutual continues to maintain its strong poâ€" sition among fire insurance comâ€" panies in Canada by consistently following progressive yet conservaâ€" tive policies in the conduct of its business. The 67th annual statement preâ€" sented at the annual meeting of the policyholders of the Waterloo Muâ€" tual Fire Insurance Co., held on Saturday at the head office in Watâ€" erloo, again disclosed the strong financial position of the Company whose total cash ussets, including accrued interest, amount to $1,663,â€" 281.08. The residue of premium notes is $204,328.05, making the total assets of the Company $1,â€" 867,609.13. Arthur Foster Managing director of the Water loo Mutual Fire Insurance Co. Premiums, Cash and Fees.......... Premiums, Mutual .......00000.. Commissions on Rebates and Reâ€" INSUFAMCE ...........c...... Reâ€"insurance for Losses Interest and Rents......... Sundry Receipts ... Real Estate ..:smmusremoses Debentures, Market Value (Book Value $1,554,535.51) MOrIgrAges _.........o iscc rvoinecornreance Due from Reâ€"insurance Comâ€" PRIIES ... viareimunaecinse Agents‘ Balances .................. Cash on hand and in Banks..... Accrued Interest on Debentures and Mortgages : Residue of Premium Notes Total Assets . ... Net Amount at Risk The Waterloo Mutual Fire Insurance Company L. W. SHUH, President “ B @ J 0 J 2 _: Mr. aud Mro. N. M. Steiamen Proâ€" alIntains rong§ POosiItIOn|.""::""~ , On Jan. $6th, Mr. and Mre. N. M. For the Year Ending December 3lst, 1930 The Sixty-Eighth‘ Annual Statement of RECEIPTS ASSETS ... $75,398,013 Government Deposit There have been very few changes in the.staff during the year. Our chief Inspector resigned in the spring and was honored by the Directors with a place on the Board, where we still have the benefit of his years of experience on the road. It may be necessary very shortly to again place a second man on the road in order to carry out the policy of replacing our farm business with a better class of insurance. There were a few other changes in the staff which is now complete and competent to carry on the work in the office. Ford S. Kumpf, a director of the Company, briefly commented on the financial statement presented. He said it.was worthy of note that of $1,663,281 of assets, not one dollar of interest or principal was overdue and speaks very highly of the sound investments made. The management of the Company showed wisdom in building up a subâ€" stantial surplus ‘which was gratifyâ€" ing to both policyholders and direcâ€" tors. It also provides ample proâ€" vision for abnormgal losses which the Waterloo Mutual, in common with other fire insurance companies, susâ€" tained the past couple of years. . J. C. Haight, K.C., solictor of the company, said that with continued sound and progressive management the Company would continue to progress. Mr. Haight paid tribute to the memory of the late director, Richard Roschman, who held the confidence and full respect of memâ€" bers of the Board and fellow citizens. In his death the town lost a citizen of high integrity. He said the directors showed its confidence in electing to the board William R. The losses on farm business durâ€" ing the last year were again very heavy and contributed almost enâ€" tirely to the fact that on the year‘s operations we had an underwriting loss. The investments of the Company are in an excellent condition. On December 31st not one dollar of principal or interest was in arrears, and while the market value of some of our investments has diminished, yet we are hopeful that with the reâ€" turn of more prosperous times the value of our securities will advance to normal proportions. It is gratifyâ€" ing to know that during the year there was a very considerable inâ€" crease in the market value, with a result that there is very little difâ€" ference now between the book value and the market value of our securiâ€" ties. In concluding these remarks I wish to thank the Board of Direcâ€" tors for their kind consideration of all questions placed" before them during the year and for the helpful advice given from time to time. Arthur Foster, Manager. Waterloo, Ontario, January 31, 1931. We succeeded in securing a large volume of new business but as these , policies are smaller in amount und| premiums much smaller than farm | risks, there was not sufficient insurâ€" ance placed or sufficient income deâ€" rived from this new business to make up for the heavy loss in the furm income. It is our intention to continue this policy during the com-‘ ing year by trying to replace the loss on farm business by new urban business, and we trust that in the! course of time a drop in the loss ratio will justify this action. I have been excessive. As a conseâ€" quence of this raise in rates, many !armcx, sought insurance | elseâ€" wheri. To make up for this loss of business, efforts were made to inâ€" crease our business in towns and cities, with gratifying results. This business is the most desirable and at the same time the most difficult to obtain. $ _ 45,000.00 1,535,362.89 $ 1,663,281.08 204,328.05 $ 1,867,6090.13 $350,372.35 70,451.62 $564,275.25 18,408.46 39,644.39 75,010.38 20,300.00 5,036.38 1,929.02 30,480.69 25,163.10 188.06 Other Speakers POBROE OO oooeree in areecvrnyenans Rebates, Cash and Mutual Reâ€"insurance ............0.0. COMRINISSION® .....0...o0 esc 0ocec nz eivees Taxes, Government and Municipal Expenses of Management........... Debentures written down.......... Balance : ooo en Unpaid Losses (nmet)......... . Unearned Premium Reserve For Cash Premiums $270,968.38 For Mutual Premiums 20,383.31 Htprrmmn e saes 291,351.61 Cash Balance over all Liabilities 1,349,650.40 No. of Policies in force ARTHUR FOSTER, Manager $100,000.00 EXPENDITURES LIABILITIES The cash assets of the Company, including accrued interest, amount to $1,663,281.08. The residue of premium notes is $204,328.05, makâ€" ing the total assets of the Company $1,867,609.13. The liabilities, conâ€" sisting of $22,278.99 of unpaid losses, and $291,351.69 of uncarned premiums, total $313,630.68, leavâ€" ing a balance of cash assets over all liabilities of $1,349,650.40. â€" The retiring Directors are: L. W. Shuh, Arthur Foster, E. J. Bauer and W. R. Bricker, all of whom are cligible for reâ€"election. On behalf of the Board. . L. W, Shuh, President. Waterloo. Ont.. January 31. 1931. Your Directors beg to submit to you the sixtyâ€"eighth annual stateâ€" ment of the business of the Comâ€" expenditures of the past year and pany, comprising the receipts .and the balance sheet showing assets and liabilities of the Company on the thirtyâ€"first day of December, 1930, with the auditors‘ certificate for the correctness of same appended thereâ€" to. The total amount of insurance written was $39,118,338.00. The gross amount now in force is $87,â€" 756,853.00, and after deducting reâ€" insurance the net amount in force The Company‘s total income from all sources was $564,275.25, and the total expenditures were $523,â€" 324.36. The net amount of preâ€" miums written for the year was $331,235.00. â€" We regret to have to report the death on February 18th last of Mr. Richard Roschman, who had been a Director of this Company since 1915. Mr. Roschman‘s place on the Board of Directors was filled temâ€" porarily by the appointmient of Mr. W. R. Bricker. In conclusion we beg to draw your attention to the main object of the meeting, viz. the disposal of the several statements before you and the election of four Directors in the place of those retiring. _ _ Miss Irene Good is «pending some time at her home near Baden. Miss Nora Henderson of Paris is spending a few days with her sister, Mra. Elgin Miller. Bornâ€"To Mr. and Mrs. Vernon Witmer on Tuesday. Jan. 27th, a con. Congratulations! lmmedintelg following the annual meeting, the Board of Directors met and reâ€"elected L. W. Shuh, presiâ€" dent, and W. G. Weichel, viceâ€" president. : Directors‘ Report To the Members of the Waterloo Mutual Fire Insurance Company Gentlemen : The total number of policies issued for the year was 23,023, and the total number now in force is 44,299, an increase of 37 over last year. â€" â€" The net amount of losses incurrâ€" ed was $238,169.00, a decrease of $13,058.00 from last year. Mr. Gordon B. Hallman made a business trip.to Owen Sound last week. A hearty vote of thanks was tenâ€" dered the manager, office staff, directors and agency force for their faithful services during the year. is $75,398,013.00, a decrease of $785,696.00 from last year. â€" J. F. Scully, C.A., and R. P. Uffelâ€" Directors Elected. Directors whose terms expired were reâ€"elected as follows: L. W. Shuh, Arthur Foster, E. J. Bauer and W. R. Bricker. man, llhhr.-unofl.hhk&‘h Bricker, for many years a val member of the board of directors Auditors appointed for 1931 are Auditors Appointed. Officers Elected. Vote of Thanks ROSEBANK $ 22.278.90 $ 1,063,281.08 $265,388.44 41,152.82 57,408.52 81,818.32 j 5,149.25 72,407.01 6,983.1 1 â€" 33,967.78 $564,275.25 Life ty to be held in the near future. The meciing was closed with the Mizpah benediction. j Personals. and Mrs. Louis Kropf and family and Mr. ‘Moyer of Kitchener visited Mr. and Mrs. Christ Kropf on Sunâ€" dav. There were quite a number preâ€" sent at the local Young‘s People‘s Society on Thursday evening. The topic. _ "What _ my Denomination Means to the World," was handled by Rev. S. H. Swartz. â€"Scripture readings were read by Lloyd Burâ€" getz, Bessie Colpitts and Arthur Moscer. A recitation by Doris Colâ€" pitts as well as a reading by the pastor was given. A very good exâ€" planation of "My Denomination" with its history was given. At the close of the talk a solo "The Shelf behind the Door," was sung by the paustor. Roy Colpitts who received the most points in the contest which was held, was presented with a sterâ€" ling silver Christian Endeavor pin. An announcement was made regardâ€" ing the invitation extended to all the members to attend a meeting to be held in the Zion Evangelical Church, Kitchener, on Feb, 2nd, at 8 o‘clock. Plans were made for a Valentine par Mr. Floyd Kropf of Waterloo, Mr. and Mrs. Bill Kropf of Waterloo, Mr. Mis. S. Stengel visited at the home of Mr. and Mra. J. Moss on Thursday. Mrs. Ed. Stahl visited Mrs. Alan Burgetz on Monday. Mrs. Harry: Thalervisited Mrs. Feasby on Thursday. About eight persons were pleasâ€" artly entertained at the home of Mt. and Mrs. Irvin ‘Moss on Saturday afternoon in honor. of their «on Gerald, who celebrated his aixth hirthday. Sunday visitors at the home of Mr. and Mrs. Allan Burgetz were: Mr. and Mrs. George Johnson of Blair and Mr. and Mre. Gordon Stumpl of Kitchener. Mr. and Mrs. Roy Schiedel of Bresâ€" lau visited Mr. and Mrs. Ed. Janzen on Simdiay. Mr. and Mrs. Kraehling of Hamilâ€" ton visited Mr. and Mrs, Wm. Lee on Sunday. Mr. and Mrs. J. visited Mr. and M Preston on Sunday Miss Agnes Yecney and Ruth Scharfer visited Mr. and Mrs. Henry Schmidt of Kitchener on Wednesâ€" tlay evening. Mr. O. Campbell was a businese viaitor in Oshawa on Wednesday. There was a large attendance present at both the Church and Sunâ€" tlay School services on Sunday. Mr. and Mrs. Alfred Lee and daughter Vivian. of Kitchener, visitâ€" eg Mr. and Mis. Wm. Lee on Sunday. _Mr. Orson Campbell who received word of his mother‘s death in Ware, Mass., on Friday, left for that city to cttend the funeral. The School children along with their fteacher, Miss Dorls Huber, enjoyed a sleigh ride party on Friday afternoon Roads Heavy. 4 â€" Miss â€" Phelan, Mre. Krese, Miss Pauline Kress, ‘Mr. Harold Krees and Miss Stella Lnit of Kitchener visitâ€" ed at the home of Mrs. Luft on Sunday. Misses Gladys and Dorothy Rohr visited with Miss Delores Reinhardt cn Sunday. ‘Mr. and Mrs. Norman Snider and Mr. Walter Snider of Alberta visited Vr. and Mrs. J. H. Sherk on Sunday. Personals MUr. and Mre. John Holim and danghter _ Mildred, _of _ Plattaville, visited with Mr. and Mrs. Levi Holm on Sunday Enjoyed Sieighing Party. The Galt road has been ucoodtu-, ly heary this past week and come daya wa«s almost impassible for cars PROGRAM BY THE â€" YOUNG PEOPLE‘S SOCIETY Mr. Wm, Habermehl of Breslau is spending a week with his daughter, Mic. Christ. Kropf. â€" Miss Myrtie and Verna Bricker of Kitchener spent the weekâ€"end at their home here. Measrs. Clifford and Roy Swartz of Kitchener visited at their home over the week end. Mica Bescie Hope apent the weekâ€" end with Miss fiah Hallman of New Pundee, j Miss Angeline and Sara Hallman «pent Thursday in Galt. Miss Evelyn Bricker of Galt visitâ€" ed at her home on Sunday. Mr. Harvey Hallman and «ons Jack and Joe, of Dickie Settiegient, vi«ited at the home of ‘Mr. and Mra. 0. G._ Hallman‘s on Sunday. Reâ€"elected President of the Watâ€" erloo Mutual Fire Insurance Co. Mr. and Mrs. H. Romitz and eon aund daughter of Bridgeport visited Mr. and Mrs. Lee on Sunday. Winners in Contest Announced Plan for Valentine Social. Other News Notes. PROVES INTERESTING CENTREVILLE Mrs. J. Bieth and family and Mrs. Robt. Bieth of ROSEVILLE L. W. Shuh Mr. Elmer Boshart of Pine Hill is assisting . Dan _ Steinman cutting Mr. Bob Burt has rented Mr. Theo. Huehn‘s house and expects to move in the latter part of this month. Mrs. Hy. Struth spent two days at the home of Mrs. Raiph Thompeon this week, at New Hamburg. Mr. Allen Jantzi V(-;l_l_evdm(;: friends in Badep last Saturday. 5 n en ts oPt the home of her parents, Mr. and Mre. Peter Boshart. Mr. and Mrs. Sam. Schmidt were Sunday visitors with Mrs. Leah Bast. Dr. Harvey and Mr. E. C. Boswell visited with friends in New Hamâ€" burg on Tuesday. 25th ANNIVERSARY â€" OF PASTOR‘S ORDINATION A very pleasant event occurred‘ here on Wednesday afternoon, Jan. the‘twentyâ€"eighth, when about twenâ€" Mr. Lorne Habel who has been confined to his home for the past three weeks is able to be out again. ‘Miss Elmina Schmidt spent a few days with her brother, Sam. Schmidt. Mr. Moses O:fi.l'a'l'lt;_i-.m.F:!’lgelbert.. Martin and Jno. Struth made a busiâ€" ness r.rip_ to ’I'mjontu last Monday. Mr. and Mrs. I. C. Laschinger ipent Saturday with Mr. and Mre. Duncan of town. Ministers Gather at Heidelberg and Conduct Impressive Service. Mr. Chas. Hel];éi fi:as_â€"ziulv)u-.-;.l;let&a: visitor in Kitchenel: on Monday. Mr. and (Mrs. A. Gooding and daughter of Washington and Mr. and Mre. Leighton Shantz and daughter, of New Hamburg, were Sunday visitors at the home of Lorne Habel. Mr. Simon Bast, who moved to town last week has opened up a harâ€" ness shop next to the Post Office. Mr. J. A. Hoffman of New Hamâ€" burg was a visitor in town on Monday. Mns. E. C. Boswell and son Walâ€" ter, is visiting with her parents at Otta wa. Mr. Eli Kischel of Kitchener was a visitor in town one day last week. Mrs. Katie Zehr is spending a few days with her son, Mr. Chr. Zehr. Mr. Walter Green and son ;V':lter of Waehington «pent the weekâ€"end at the home of Mrs. Hy. Struth. Mre. Dan Gascho and family of town. An address was read and the couple were presented with suitable Mr. and Mrs. Sim. Schwartzenâ€" truber and family spent a few days with Mr. and Mrs. J. K. Schwartzenâ€" truber. Bteinman, Mr. and Mrs. Sam Steinâ€" man and family, Mrs. Mary Jantsi and family of New Hamburg, Mr. Mr. Elias Brubacher of Wallenâ€" stein was renewing old acquaint ances here in town last week. Mr. Brubgcher was one of the leading business men in Baden until about 13 years ago, when he moved to Welâ€" leeley. He says he sees many changes that have taken place. Personais. family of Kitchener, Mr. and Mrs. Chr. Gascho and Lydia, and Mr. and Notes Many Changes. Mre. Menno O, Erb spent Friday at 10 King St. S. _ WATERLOO Phone 894 BURMA SAUCE Specialâ€"Cameo Brand TUNA . BACON Specialâ€"Eagle Brand LOBSTER ‘; 20° Glassco‘s Black Currant un e n e uw P e Jm1 "@39° e ::33.:3..‘2. 21 Marmme«gpq ( "SA76 PLUOMS 15â€" [6â€"oz. jar . Carroll‘s Own Waxzâ€"Sealed Specialâ€"Red Cross Brand Red PALMOLIVE saALMoN _‘ 28° Carrtoll‘s Sliced and Wrapped Specialâ€"Pineapple Splits BISCUITS 1 (A new creation by Perrins for Carroll‘s) HEIDELBERG 3 cakes 23' and _| cake FREE IS CELEBRATED Fancy White Meat 3 2P255° hlp:e.dsle V ;S 1. 21. A BP9\ ° ] 4 BCp° Mr. and Mrs. Oscar Huehn and family of Conestogo spent Sunday with the former‘s father, Mr. H. N. 'Huehn. Mre. M. Hoerle and daughter Ruth, are spending some time in Walton with Mr. and Mrs. Charles Sellers. tea were consumed in 1930 than in | 1929 by the people of Canada. After the service a social hour was spent in the bacement of the Church where the wives of the members of the Church Board also served a dainty lunch to the viciting friende. Personals. Mr. and Mrs. A. Brubacher of Kitâ€" chener and Mr. Clayton A. Brubachâ€" er of St. Paul, Minn.. called on Mr. John Ziegler on Tuesday. Mr. and Mrs. Herman Bechthold and little daughter Betty, called on St. Clements friends on Tuesday. Mr. and Mrs. John Jacobi of Bamâ€" berg visited Mr. and Mrs. Jacob Schafer recently. Representatives of the Kitchener, Hanover and Conferences were present Mr. Kip. Hutchison of Chatham is visiting with Mr. and Mrs. Harry Steiss. Mre. C. Schleuter and Mr. Alvin Schleuter of Linwood called on Mrs. Jacob Fries on Friday. ty pastors from all over Ontario of ‘the Canada Synod of the Lutheran Church and the members of the Hetâ€" deiberg congregation assembled in the church _ to _ celebrate _ the twentyâ€"fifth anniveraary of the orâ€" dination of Rev. H. J. Lamack. Rev. Lamack was ordained in Winnipeg in the year 1906. Services started with Rev. Schuelke, Kitchener serving at the altar. Rev. Goman of Milverton freached the anniversary sermon. Rev. Mr. Reble, president of the Synod conveyed to Rev. Mr. Lamack the greetings and congratulations from that body during which time Rev. Holm of Conestogo, on behalf of the Synod presented him with a cheque. Mr. W. J. Sattler, on behalf of the congregation, read an address and also presented Rev. Mr. Lamack with a cheque while two little girle of the congregation, Stella Sattler and Florence Hahn, presented Mrs. Lamack with a beautiful basket of roses. Short addresses were also given by Rev. Mr. Knauff, Past Prestâ€" dent of the Kitchener Conference and by Rev.â€"M. Mosig of New Hamburg. a classmate of Rev. Mr. Lamack. Rev. Mr. Lamack, though completely taken by surprise thanked the brethâ€" ren in the ministry and the memâ€" bers of his congregation for their kind wishes and tokens of love and esteem. | 3-“'. tlll l“ o liomn â€" J SS IF m GAJ puss a 102 : Specialâ€"Patterson‘s Butterâ€"Cream Specialâ€"Nestle‘s Condensed Specialâ€"Kistâ€"Sweet Canned Grapefruit Specialâ€"South African Dried PEACHES ~â€" J$° Soda Biscuits Hamilton, Stratford Regular 29¢ per jar OLIVES .z. 1g: Specialâ€"McLaren‘s Invincible Peose _ 1i‘ ii|lmc Tidâ€"Bits of e . 2 ¢ Joanna Brand _ Patrico Brand Norwegian sSARDINES ... 15° "Your tablets have not only inâ€" creased my weight 15 pounds in a few months ‘but made me cheerful and more animated," so writes a proâ€" fessional organist. She closes by sayingâ€""My case was difficultâ€" Miss M. Schulze invites the pubâ€" lic to attend the millinery opening in the Evangeline Shop, Kitchener, on Friday and Saturday. Popular priced hats shown. McCOY‘S reg. 1 5â€"02. tin will be at Hotel Walper House, Kitchener, On Mon. and Tues., Feb. 9 & 10 Phone Hotel for appointment. The W. T. Pember Stores Increased Her Weight 15 Pounds In Few Months Manufacturerâ€" of fine Wigs, Toupees, transformations, etc. On our 40th anniversary we extend our thanks and _ appreciation to all our patrons and assuring you of our best efforts we solicit the continuance of your valued support. Limited 129 YONGE ST., TORONTO ONTARIO Cod Liver Extract Tablets MILLINERY OPENING W. T. PEMBER MR. J. B. KNIGHT e us 185 Beaver Brand MINCED â€"«» _A Pp° us.255° to gain