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.. _| _ Kitshener‘s Modern Dept. Store â€"â€" HKing And Queen Steâ€" The Waterloo Trust and Savings Company (Continued from Page 2) * while reasonable time will have to be accorded to properly meet their obligations, any . premature and _ forced acceptance of principal cuts ' by investors would have a very grave . and disturbing effect on the general . credit of the country. f Estates And Trusts it is but proper that reference . should be made to our Estates De partment. 1 think that vur officers could write an epic on the trials and tribulations, the worries and someâ€" times joys of administering the conâ€" stantly increasing number of estates and truets. Our fAgures for last year abow an increase of close to half a million dollars, after having distributâ€" ed amongst heirs the proceeds from. a number of estates finally wound up. | There is no department of a trust company business in which more imâ€" portant problems, requiring careful consideration, arise, or where the human side of the ibusiness is 80 vaâ€" ried. Hardly a week passes but what one or two new estates come in for administration. And never a week passes, it seems, but what three Of . four new wills are completed where the Trust Company has been appointâ€" ed as executor. It would be difficult to run any business 100% perfect, but it must be said that our Estates Department has been remarkably' free of dissension or disagreement with fieirs or other parties connectâ€" ed with estates, and this is sublt:n-‘ tiated by the fact that in by far the | majority of instances where benefiâ€" ciaries reside locally, we are in turn appointed by them in their own wille. The value and protection of trust company administration seems to be impreseing itself more firmly on the public mind. ‘The increasing comâ€" plexities dealing with Government legislation, taxation and other points relating to estates, all point to the obvious advantage of corporate ©xâ€" ecutorehip. The reputation of The Waterloo Trust for careful adminâ€" istration has increased year by year. We have a etaff in the department Iwo Sheeling OpecIiaMlis An Uunpromen 90 JER* MERCC OO T uo EXCEPTIONAL IN QUALITY for the prices featured â€"â€" force, assets, reserves, and other important items was Npol"‘d‘ width about 2 yards: . hvlt.l.QWM.Pru!dmtotmlunnlweMunm‘ BLEACHED .......... 46e Yd. _ UNBLEACHED ........ 38e Â¥4. Company of Canada at the annual policyholders meeting in dop in antnin ol hn un e cesc s1 oo, us ammrmrsrantccnmrccce mannnrgucmscncmms mm icmmmnteinting ntiiestatnsintis Waterloo on Thursday. â€" hommnuesoldinwsswueopsmnblyinexeeuof ‘ t R 1 J...5 AInamesent th SPECIAL VALUE FEATURE at 16¢ yard â€" 15 shades in the Broadcloths, solid colors â€" fresh, new patterns in the Thursday â€" Friday . Saturday FEBRUARY 13 â€" 14 â€" 16 _ PREMIER THEATRES AMATEUR CONTES Prints. ‘"‘Rose Of The Rancho" /.t The Kitchener Theatres! Ethel Merman . â€" _ Sally Eilers and Parkyakarkas With JOHN BOLES GLADYS SWARTHOUT Monday â€" Tuesday Ounly â€" FEBRUARY 17 . 18 LYRIC One Dyy Only â€" Wed. Feb. 19 "STARS of the DUMBELLS" Prints, Broadcloths, lsc_ Commencing THURSDAY, FEB. 20, in coâ€"cperation with the PARK CENTRAL HOTEL, New York City, we are presenating a series of Amateur Contests. _ Feature Presentation: > Two Million Dollar Laugh Sensation! EDDIE CANTOR Two Sheeting Specials _ .141 2. 4B 4B i 3 vectindinndsn d t i0 ENTER NOW! ENTER NOW! ‘The winner of the Grand Final will receive a free trip to New York City, a guest of the Park Central Hotel and an m ance with the Floor Show of the "Cocoanut Grove", the Garden of the Park Central Hotel. cAP lT 0 L Agplication Blanks eveilable in Theatre lsbby. TUEATRE It‘ll Thrill! It‘ll Stir You! KITCHENER "RED" NEWMAN â€"__ PAT RAFFERTY And other Stars of bygonme ‘pyu , "THE CALLING OF DAN MATTHEWS" 310 o biaknbidn id d d dfi n or careful adminâ€"| The old man sighed. "Well", be ased year by year. said at last, "if you are going to use in the department any you might as well go the limit." With O INCREASE IN PRIC es m‘ ons egng ols (ee i + , The surplus earnings during the year, e m i en iank wige rour fntean a best sorvice possible to its clients. | Total payments under policy :onl::u:ts d1 We believe that this department will ,000,000, the ater part of which was continue to develop and become inâ€" $16 * €t® P8 creasingly more important. holders. & Future P i During ?he 66 years of t'he U Speaking generally for the whoie|$200,000,000, including $62,600,000 in divi business we look tarwu-d'rrtz& th:’of: to policyholders and beneficiaries. ture with confidence. Fated hold 5 veer important PoUon | geruect ombrem ceonditionsy . the | , amonget financial institutions of ihe g«ident noted that in common‘ CONTTN ‘counlry‘ Our activities being COBâ€"|_iry a noticeable steady improveâ€" tred in one of the most Bubst2DtA! | oont sales of life insurance are inâ€" wections of the Province, the business |_,sazing, "OQur Canadian people reâ€" should keep pace with the commuD+ |{opnize that a life insurance conâ€" ties with which we bave be@D 80 |;yact can be relied upon in its enâ€" closely identified. The real worth Of |;irsty and that there is no investâ€" any institution should be measure4 |mont today which affords the seâ€" by the type of ite service. In OUT |eurity of a life insurance policy," case It is a pleasure to feel that frOm |no stated. our several departments of business "The insurance buyer wants proâ€" some worthwhile contribution in the |tection on which he can depeng in way of fnancial service is rendered. ‘bad times as well as in goo:' g;ld â€"Dac Wes T U TIGET Lo apised shat It is always a pleasure to pay triâ€" bute to the fine spirit of loyalty amongst the officers and staff memâ€" bers. They all seem to be imbued with a sense of their responstbilities and a recognition that it is only through diligent and faithful service that an Institution such as ours can prosper. In a very large measure the successful ibullding up of The Waterâ€" Adus Shnbaindatitinhan e ue 100";';:]’8‘;,' t-:'(;uki;; attributed to the conscientious and continuous efforts of the various members of the staff. Farmer (to new band from L6 clty): "Now, when you are attending to these mules, I warn you not to aproach them from the rear without speaking to them first." New Hand: ‘"Why is that; is it a question of etiquette on the farm?" Farmer: "No, it ain‘t a matter of stiquette atall. But oBe O LUUIM! mules is liable most any time to kick youâ€"all in the bead, an‘ 1 don‘t want a lot of lames mules on my hands." Including "Fonetic" Spelling "How do you spell ‘graphic‘," asked the young man, "with one ‘t or two? Thursday â€" Friday â€" Saturday FEBRUARY 13 â€" 14 â€" 15 "Stars Over Broadway" L_22000000 I Added Feature KEN MAYNARD in Monday â€" Tuceday . Wodnesday FEBRUARY 17 â€" 18 â€" 19 Sky High in Entertainment ! A New Tops in Comedy! "The Littlest Rebel" n oN OoUR STAGE â€" Pat O‘Brien _ â€" _ Jane Froman James Melton _ â€" _ Jean Muir Framk McHugh â€" Phil Regan "LAWLESS RIDERS" With John Boles â€" Jack Helt SHIRLEY TEMPLE In Her Greatest Picture $1,000 A Bafety First Added Feature With â€" _ Leila Hyams $527,372,000 (excluding sold during the year. â€" The increase in assets the total to $152,631,000. _ During the 66 years of the COMPS! $200,000,000, including $62,600,000 in dividends, to policyholders and beneficiaries. In a comprehensive resume of | g::nl business . conditions, thc‘ ident noted that in common with a noticeable steady improveâ€" ment, sales of life insurance are inâ€" creasing. "Our Canadian people reâ€" cognize that a life insurance con-‘ tract can be relied upon in its enâ€" tirety and that there is no investâ€" ment today which affords thfi seâ€" ““-‘i'â€"h: insurance buyer wants gro- tection on which he can depend in bad times as well as in good a:ld h e 310450000 i oo thaniisnit c 20 it is now universally recognized that this can best be obtained by the purchase of insurance. The securâ€" ity of investments is the very foundation of the institution of life insurance and while investors genâ€" erally are vitally interested in the maintenance of governmental and municipal credit, particularly is this the case with a life insurance comâ€" pany. "Investments of life insurance companies are limited to certain classes of â€" security which _ are deemed to be the best to rrotect the interest of the tgolicyho ders. The very nature of the contracts of life insurance requires that safety shall be the first consideration. For this it is essential that the contracts on which investments are based must be secure under the law of the land. 2 ol .3 4.05 Absonttui d neiiient "The funds of a mutual insunncel company belong to its policyholders and the insurance companies are in effect merely trustees for the policyâ€" holders with regard to investments which they make in bonds and mortâ€" gages. In the large majority of cases l’{»remhum represent the result of thrift and selfâ€"denial in order to make provision for the later years of lifeâ€"or for the protection of families." \ He mted out that it is essential | that should be a reasonable remunerative rate of interest on a Hife insurance company‘s investâ€" ments, as the rate of interest which An unbroken 66 year Eighthleth Birthday Anniversary. On Friday evening, Feb. 7th, twenâ€" tyâ€"four children and grandchildren of Mr. Christian Shants gathered at his home in the village on the occasion of his â€" eightieth ‘birthday. Mr. Shante‘s oldest son, Rev. 9. 8. Bhants, who is pastor of the Bethany Mennonite Cburch at Kitchener, read an appropriate address while two of the grandchildren, Karlmont Poth and Howard Shants presented I‘l;l with a Bible and an electric heator. A dainty lunch was served at the conclusion of an enjoyable evening. Handkerchief Bhower. were L. Ahtdiail} Alforininaihebs. Alibienieet‘ ‘The monthly meeting of the: N.D.C.S. Literary Society was held at the echoo! with the president, Arâ€" nold Pipher, presiding. "O Canada" was sung in opul: after which the members responded to the roll call with, ‘"The name of a British Posses sion". Laurene Stolts gave & readâ€" ing and a vocal duet, "Recessional" C LCC T mâ€"It Sullar shd s e e en enc Hncs ts was rendored by Ruth Snider and Ruth Bean. A eummary of ‘"The Life of Ruadyard Kipling", was given by Margery Shupe following which the song, "Red, White and Blue", wAS sung. Willard Haliman gave A readâ€" Ing entitled, "Children‘s Song" and the N.DC.S. Exchange was read by Lorne Baer. A reading, ‘"The PlAg", was also given by Clare Ludoiph. Nationa) Anthem B.Y.P.4. Mr. Lincoln Cassel presided at tn‘ regular meeting of the B.Y.P.U. which was hoeid at the home of Mr. Philip Poth lost week. Psaim 48 'undiyllr.nmldmm which a mixed quartette composed of Mre. L H. Cassel, Miss Doris Bochâ€" toi, Mr. Anson Lang and Mr. B. A. Poth sang, ‘"The Church in the wild wood". Mr. Philip Poth gave a talk Unbroken For 66 Yea! yOU EyCY earnings during the year, all of which is p‘id‘ licyholders, totalled approximately $5,000,000. under policy contracts during 1935 exceeded rreater part of which was paid to living policyâ€" LtAE .. comidut. nb tirdE Ladd Jicdd rary Society was beld| rev. and M with the president, A" | Eyvan ofâ€" Manm presiding. "O Canada" | in the village »ul: after which the| xrs. Andrer ponded to the roll Call|L, visiting at ime of a British Posé®®â€" | y[rs, George J ne Stolts gave & TOAdâ€" | Mr. Kigin F cal duet, "Recessional" | was a guost 4 by Ruth Snider and | yra, E. K. Bo A eummary of ‘"The Life| yr. and Mri Kipling", was given bY |iiy of near | ipe following which the | visaitors with White and Blue", WA# | Bergey. d Hallman gave & rOAdâ€"| Misg Jean "Children‘s Song" 224 | Theima Bost ®rchange was r08d4 bY |gunday at th was closed with the NEW DUNDEE annuities). amounted to $7,219,400, bringing of the Company‘s existence CONTINUED PROGRESS of growth in insurance in mortgage or bond. He affirmed his belief that a reâ€" cognition of the sanctity of conâ€" tracts is essential and any action w. H. 5UMERVILLE General M-nogr of the Mutual Life Assurance Company of Canâ€" ada, whb analyzed the annual statement at the annual meeting held at the Home Office in Waterloo on Thursday. church organizations were postponed last week owing to the severe weaâ€" ther conditions. wons m LMRCL ERCCCCT Miss Vera Hallman gave &n adâ€" dresa at the concluding seesion of the â€" annual | threeâ€"day midâ€"winter Chrietian Life Conference wh!gh was Mn e Eit se ue cete e held at the First Mennonite Church, | Kitchener, last Thursday. Mrs. M. C. Howling entertained siz little girls at her home last Thursâ€" day on the occasion of the eighth birthday of her daughter, Marie. The afternoon was apent in playing games after which a deliclous aupper was served. Personals. 1 oo Over 18,000 policies were We are sorry to repor: NT ZUR* of Mr. Andrew McKague‘s father ‘tl ‘Teeawater. Mr. McKague returned on Monday after spending the past week at his home. ‘The Misses Althea Bock and Willa Cressman of Lorne Park College, Port Credit, and Mr. Ronald Bock, B.A., of the Ontario College of Eduâ€" cation, Toronto, spent the weekâ€"end at their homes in the community. I FFH en m §A OEmoit m Ee en C t Mrs. B. Boshart, Miss Dorothy To man and Messre. Gordon and Ernest Egerdse visited with Mr. and Mre. Fred Schadler at Kitchener last Satâ€" urday. C uoc ie Eslsoee Messrs. Gordon and Charles Berâ€" gey of Kitchener spent the weekâ€"end at the home of Mr. and Mrs. James Bergey Rev. and Mrs. E. Sider and eon Evan of: Mannbeim flld on friends in the village last ] + Mrs. Andrew Koohler of St. Agatha is visiting at the home of Mr. and tum. George Jacob. Mr. Eigin Bru‘l.ehor of Kitchener 4) nebdbobidiihic i troniyntads hi t was a guest at the home of Mr. and Mrs. E. K. Bock over the weekâ€"ond. Mr. and Mrs. Joseph Good and famâ€" ily of near Plattsville were recent ECUDeT: Miss Jean Yule of Ayr and Misa: ‘Theima Boshart of Kitchener spent Sunday at the home of Mr. and Mrs. Fred Egerdecs. Miss Marjorie Hall of Perry‘s Corâ€" ners spent the weekâ€"end with Miss Romola Madter. ghe Gave Him Up Two girl friends met in the street one day. "I hear you‘ve broken off your engagement," said one of them. m omcs dcLC COd tme PA duthcam . aos dn caintabe in P L "Oh my dear, yes." answered the other; "Jack simply became imposâ€" aible. He criticised the way 1 dressed, objected to my friends and unnmm-owunmm and call. Then, on top of all that, he auddenty wont of and married anâ€" other girl. So 1 cimply made up my 222 & 1 dodiicadintinerre as fiiympibear ty mind to have nothing more to do has been paid to report the death Mr. and Mrs. Gilbert thai i in (B20" 0 "ube ol "of on ::Eg.".j_.f*-‘...,é-"‘-l | &.wwowm“"’;& x _ SiF. och adÂ¥0e85®0 18 "o.|lowed by the Federal Department of fioi&“d“» Insurance. The Company increai ‘ m Mlnmm&mh tion of excess governments would | $8,000,000. 97.52% of ?-0:. From general depressed conditions| for the . .. chin in 1931 rom gen co or ous year. and u‘; difficult to form an estiâ€" wutumllyh-thn l’“? uuofmeouhlbufionwwhm and repayments of existing loans ‘nmlou of insurance dollars put| were considerably higher, reflecting MIIOR® O° .00 @uring these years|improved conditions. 111110040 Als P cmamdet td P : e into circulation during these years MORTGAGE LOANS AND SALE AGREEMENT$ Com_pri;ipgfintmmummlmteincvuypmwd GOVERNMENT AND MUNIUIPAL PUMNUO All Canadian o 2 02 W 0 4 e o on o# n * OTHERBONDS'....,..,,. STOCKS y n y y m w w y Oe woke s 2 The value of bond and stock holdings authorized by the Superâ€" intendent of Insurance of the Dominion of Canada exceeds the, book value at which they are shown by a substantial amount. INTEREST Due and accrued on invested assets â€" MUTUAL LIFE PAYMENTS DUE From Reâ€"assuring Companies ~ ~ >* 90 C o C C C POLICY RESERVES a _# &. C h ogre se ‘The Department of Insurance (Dominion of Canada) under whose supervision this Company operates, requires the mainâ€" tenance of a reserve fund sufficient to guarantee payment of claims as they arise under assurance contracts. UNPAID POLICY CLAIMS Which include death and disability claims awaiting proof, matured endowments awaiting payment and provision for death and disability claims of current year not yet reported | > DIVIDENDS AND OTHER AMOUNTS COIU OO OWGem: mmlInaN DP VILUEEPTEOC OAAAE OME EC enc ie ON DEPOSIT WITH THE COMPANY â€" «0 > 9~ 0 ~ DIVIDENDS TO POLICYHOLDERS ' Due but not yet paid > > > 90 t t o ~ t o " C TAXES ’ Provision for taxes payable in 1936, computed on business of 1935 N LCl y 4 o# w0 w @0 o# o +0 ho 9f PREMIUMS AND INTEREST â€"â€" Paid in advance > 90090 t o t o "o To To 0000 > OTHER LIABILITIES > > 6 60 5o t t t n 0 SPECIAL RESERVES AND SURPLUS FUNDS, as follows: Dividends allotted deferred dividend policies _ â€" $ 706,819.74 Provision for interim dividends under quinquen nial policies > 90 90 n o t t o ~ C 225,081.12 Provision for staff pensions | â€" > _ > 90 ~ 450,778.00 SLan PC w2 l Ts + «n mnn 00 TOTAL ASSETS Sixty-Sixth Annual Statement December 31st, 1935 w. G. WATSONM . > 9 ISAAC PITBLADO, KC., I 8. G. LONG, LC > > Q F. §188 > > > c W. M. SOMERVILLE, J. M. LANG, A.LA.. PAS H. HOLMES, AIA., P.A.SA; J. M. LIVINGSTON, M.D .A A complete_report of the Proc of id Company, Waterioo. .fiv.:l? ebruary 6th, Ow-.’ &!M"' FPOWISON IUL SNVLLIIO CRIRMDORE Dostem ABst CR nial policies > 90 90 n o t t o ~ C 225,081.12 Provision for staff pensions | < > _ > 90 ~ 450,778.00 Provision for dividends payable in 1936 _ â€" _ â€" 3,600,000.00 Specific Depreciation Reserve on mortgages and sale agreements | > _ 9. 90 50 C C 1,055,447.87 Policy Reserve Adjustment Pund > â€" â€" â€" 600,000.00 General Investment Reserve | â€" > > c C‘ 1,200,000.00 Free Surplus available for contingencies _ â€" > 4,714,915.56 TOTAL LIABILITIES AND SPECIAL FUNDS «> AND MUNICIPAL BONDS ALA., FAS . Acuary H. M. COOK, A1A. . GEN. HON. 8. C. MEWBURN, KC., 2nd Viceâ€"President, Hamilton ALA G. BLAIR GORDON â€" > Established 1869 C A N A D A BOARD OF DIRECTORS THE LIABILITIES W. H. SOMERVILLE of the Annual W. G. MURRIN > > c GLYN OSLER, KC > > HON. J. FRED FRASER HON. J. E. PERRAULT, K.C C H. HOUSON > > > A. B. PEQUEGNAT, ALA., FAS., Assistant General Manage: H. L GUY, FAS WATERLOO, KC., CMG LOUIS LA COURSE LAN« 1@ Viceâ€"President, Kitchener held at the Home Office of $152,631,157.48 . + Vancouver, 56,055,771.12 16,100,620.15 2,046,205.23 $152,631,157.48 $122,838,639.83 28.734,113.19 4,348,053 07 2,508,607 .01 2,690,331.43 695,517.01 13,3531,782.52 967,803.16 400,812.11 12,553,042.29 2,173,365.62 Arthabaska, Que Chatham, Ont 801,087.27 209,121.09 283,306.15 5,634.03 nt of Agencies â€" _ Treasurer Toronto Halifax