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By Mre. Lorne Renuse (Chronicle Correspondent) Mr. and Mrs. Clarence Hieroniâ€" mus and daughter, Mr. and Mrs. John Schneider and hmfl" and Wellington Hieronimus of Waterâ€" loo spent Sunday with Mrs. Emma Hieronimus and Harvey. Mr. and Mrs. Hastings and daughter of Listowel spent Sunday with Mr. and Mrs. George Richardâ€" Mr. and Mrs Thomas Birmingâ€" ham and Donna attended the fun: eral of the late Mrs. John Birmingâ€" ham (former& Ellien Bannon) in Stratford on Wednesday, Nov. 19. _ _A new teacher‘s desk has finally arrived at the Crosshill school. _ _ Mr. and Mrs. Lloyd Becker and family have moved from Baden to the late Aaron Bendcr farm. _ _ Edmund Bender has completed his machine shop, west end of vilâ€" lage, and is having it wired for electricity. e e C Miss Anne Woll and Elwood Squire of Kitchener visited at the home of his brother, George, on Sunday. First Cburch of Christ, Scientist built fast enough to supply the immediate need. Ontario‘s fastâ€"growing industry and agriculture, electricity. New power developments cannot be ELECTRICITY 1Ss PRECIOUS A Fine Gift Is Lasting Wednesday Evening Meeting at 8 c‘slock when testimonies of Christian Science GORDON‘S GOOD GLASSES 40 Ontarie St. 8. KITCHENER _ Mr. and Mre. Gar) Bobma#er ____________ 110 1 . . . AND WHAT COULD BE FINER THAN THE GIFT OF BETTER VISION CROSSHILL MAINTAIN EMPLOYMENT Ts e ine eeooes t morantneneet l eouadh dalt m~u~ § frosh, naw viespeints. a fuller, richer understonding of today‘s vito! Corner Water and Francis Streets, Kitchemer CHURCH SERVICE AND SUNDAYy SCHOOL: i1 A.M. This year, make your gift a practical one and one that will be used and cherished throughout the years. 2 to $.30, motiths urnies me nore Wit ter Fair in Toronto since its open» Mr. Amos Horst, our oldest citiâ€" zen,hunotbeenenaoym(thebd of health for some A Saturdny';eisht motorist, ran wild as he ente the village from the west, leaving the road with his car, ran over the lawn and crashed into the house of Mr. Norman Veiâ€" tel. In mnouverin‘“hh machine the driver missed a hydro pole by Mr. John MacDonald has returnâ€" ed from a deer hunting trip north. Reports are floating that several village deals have recentâ€" ly been commted}uthe details of which have thus not reached pubuauonm Messrs. B. Weber and Walter Stroh have been recent buâ€" siness visitors in the Moorefleld _ Mrs. Walker, of near Ottawa, who was the former Miss Baldwin of that place and a recent teacher Kitchener, spent Sunday at the homes of their sons, Geo‘lzle and Vincent and the Mrs. Whitehead. | Miss Vivian Letson, nurseâ€"inâ€" training in Toronto General Hosâ€" pital, ‘:Fent over Sunday at the parental home. Messrs. Isaiah Weber and Daniel Knorr left on a trip to visit friends in Pennsylvania. 00 _ _ Mrs. Edna Burnett, over the weekâ€" _ Woolwich 71’fownship Council meets on Tuesday for its monthly session. It is noted that the Voter‘s List for Woolwich Township, just postâ€" d up contains over 80 names more of persons entitled to vote at l2e municipal election, than the list of the previous year. _ Mr. Byron A. Letson has purâ€" chased a lot from Mr. Roy Koenig on which he proKosed to erect an implement warehouse and showâ€" rcom. Mr. Letson has for a numâ€" ber of years represented leading {erm machinery firms and deals chiefly in power machinery. and legal holidays. You will find yourself one of and Mrs. Wm. Whitehead of Lanada‘a @;{%m@ OTHER ASSETS: These chiefly represent lisbilities of customers for commitments made by the Bank on their behalf, covering foreign and domestic trade TOTAL RESOURCES WHICH THE BfM HAS TO MEET ITS OBLIGATION$ | . . . . . l l l o . CALL LOANS: The B of M has call loane which ase fully protected by quickly stteable securities. These BANK BUILODINGS: in hamiets, villages, towns and large cities from coast to coast the B of M serves its customers at more than 300 offices. The value of the buildings owned by the Bank, together with furniture and equipment, is shown on its books at . QUICKLY AVAILABLE RESOURCES: The resources listed above, all of which can quickly be turned into cash, cover 78.79% of all that the Bank owes to the public. These "quick assets" amount to $1,432,027,658.28 LOANS: During the year, many smmillions of dollacs have been lent to business and industrial enterprises for production of every kind, including housing and construction â€" to farmers, fishermen, lumbermen and ranchers â€" to citizeas in all walks of life, and to Provincial and Municipat Governments and School Districts. These loans now amount to . . . . MONEY in the form of notss of, dseques on, and deposits with other bamks. . . . . . . . INYESTMENTS: The B of M has close to one hillion dollars invested in highâ€"grade government bonds and other public securities, which have a seady marâ€" CASH: The B of M has cash in its vauits and money on deposit with the Bank of Canada amounting to . WHAT THE B of M HAS TO MEET Its oeclications : transactions The Bof Mâ€" has other bonds, debentures and stocks, representing to some extent the extension of mdicnindu:r‘idmhna:v-h-d for . ductive faciliti tablished fheids. Valued at me more shem the market price, they smount 9B . . .. . k. o%. s k ket. Listed on the Bank‘s books at a figuse met greater than sheir market value, they amount to . _ . . uw in Canads â€"in villages, towns, metroâ€" Here politan centresâ€"you can find them. prises â€" They are the peopleâ€"1,500,000 strong â€" in every walk show â€" They are the people â€"1,500,000 strong â€" in every walk of life who are building their futures and doing their dayâ€"~â€" day financing by saving or borrowing at the Bank of Montreal. 4 Every member of this Bof M family has a m hand in building the resources of the Bank while he builds his own future. These resources, which amount to nearly two billion dollars, exist almost entirely because of the balances these people can show you in their B of M passbooks. This money does not stand idle . . . it works constantly for the building of the nation. Here is the money that makes the wheels of commerce turm . . . that helps the farmer f garner his crops . . . that heilps the lumberman it buy equipment and pay his men. 3 ¢ Here are the dollars that enable the Bank to make more than 500 personai % loans every business day of the § year to men and women who need money \\Q to meet emergencies and take \\ advantage of opportunities. ‘\\\\\ pegge vaue‘s ol is wees Enesaone spent a few Bl’â€"v-uflu tion at the home of Ié' -l;. A. G. Woite. fit the weekâ€"end 'm.: vfi who w ter &m n&fl’lfi; Gilâ€" christ‘s parents, Mr. and Mrs. Fred ;:Em was a business visiâ€" unm“u d"n-mu_- _ _ PÂ¥i, furg racts 8°C°~ _ BanK or MoNnTREAL THIS BILLIONâ€"DOLLAR STORY «. â€"» , WORKING WITH CANADIANS IN EVERY WALK OB LIEE FOoR ;30 2y Epodarei ie e oi mds Teet spent Sunday at the home of the former‘s dsughter and sonâ€"inâ€" h'I lr.l:dlu!fiarot'u- Mamomwumg Sr., will be glad to know she up and around again after being and plum he | \\\\\\\\\\\\\\\\\\\\\Hllm!mg/é//// Rp $1,898,405,305.19 $ 205,696,837.69 to her bed for a w 421,704,063.46 957,888,826.81 136,768,245.65 31,396,960.45 13,276,623.00 96,866,538.42 36,807,209.7 1 p* ra C B @ o t Millcsre Caneg, @.a 2 ; 'r § G> } wrote °* @ @ of water vapor in Here is the credit that provides thousands of business enterâ€" prises â€" from the largest company to the smallest oneâ€"man show â€" with the ready money they need to buy raw materials {~> wanuilacture, to pay wages while awaiting returns fr0n the sale of finished goods, and to carry out plans for expanâ€"iun. These millions of transactions add up to a billionâ€"dollar story that makes interesting reading â€" not so much on account of the figures involved, but because of the human stories To citizens on salaries . . . to farmers with seasonal inconi.s . . . to merchants, manufacturers and businessmen _ ; in every worthwhile line of endeavour . . . to muniâ€" fi cipalities, school boards and governments . . . to churches, hospitals and all types of public institutions . . . hundreds of millions of dollars are being lent by Bof M managers at more than 500 branches from the Atlantic to the Pacific. behind them. | ;NI.’./////'////% ts P This TOTAL OF WHAT THE Bof M OWES ITS DEPOSITORS . AND OTHERS . . . . . . . . . . . . $1,817,325,734.09 TO PAY ALL IT OWES, THE Bof M HAS TOTAL REâ€" SOURCES, AS SHOWN ON THE LEFT SIDE OF THIS STATEMENT, AMOUNTING TO . . . . .0. .0 1,898,405,305.19 WHICH MEANS THAT THE B of M HAS RESOURCES, OVER AND ABOVE WHAT IT OWES, AMOUNTING To $ â€"81,079,571.10 Een ces This figure of $81,079,371.10 is made up of money subscribed by the sharcholders and, to some extent, of profits which have from time to time been ploughed back »1to the business to broaden the Bank‘s services and to give added protection for the depositors, BANK NOTES: B of M bills in circulation, which are payable on presentation, amount to . .. . . OTHER LIABILITIES: Miscellaneous items, representâ€" ing mainly commitments undertaken by the Bank on behalf of customers in their foreign and domestic trade transactions. _ . . 0. 0. 020020 200. EARNING$ â€" After paying all overhead expenses, including staff salaries, bonuses and contributions to the Pension Fund, and after making provision for contingencies, and for depreciation of Bank premises, furniture and equipment, the B of M reports earnings for the tweive months ended October 31st, 1947, of . Provision for Dominion Income and Excess Profits Taxes and Provincial Taxes . . . o. 20 20 20 2002000 WHAT THE B of M OWES TQO OTHERS; Bof M EARNINGS ON THE SHAREHOLDERS‘ INYESTMENT 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 AND HOW THEY WERE DIVIDED is amount was distributed as followst Dividends to Shareholders . . . Balance to Profit and Loss Account of the money on deposit with the Bank is the savings of more than a million private citizens, The total of all deposits is . . . . a 0. .0. . Leaving Net Earnings of . . THE FIGUREg , For 130 years Canadians have put their trust / in the B of M. Never in that time has the Bank failed to a dollar left in its es repay 5/ care . . . never has it failed to ojpen for [ z. _ __ _ business on a single banking day. o es To To To On each dollar of the shareholders\ money invesr i in Bank of Montreal, the Bank earned 11.81 cenis in 194~ SHAREHOLDERS tor Your vote and infuence For cars and information Phone 3â€"3513 2B MO N TR EA L . $.12 cents .& 4.43 cents . 2.26 cents $ _ 3,600,000.00 LA2 428 5.39 $1,783,441,647.31 $ 9,579,285.29 29,100,538.78 4,783,548.00 4,156,000.00 §,423, 285. >0 YEARS