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PAGE SIXTEEN The Market hl LIVE STOCK MARKETS. Toronto, to, Dwe 21 Extra $11.25 to $12 75 to $11.00; ica, $10.50 to $10.75; $9.60 to $10.00; do., me $5 common, choice 00; Buteh- heavy steers, io. good heavy, erg' cattle, do., good, dium, £95.00 to $8.25 to.-38 choice, $9.00 bulls, $85.00 1 bulls, $7.10 bulls, 5.25 to $6 choice, $9.50 to $10.00; do., $8.50 to $9.00; do., medium, to $8.00; Stockers, Feeders, $9.25 to $10.00; and cutters, $5.15 to $5.50; good to choice, $95.00 to $140.00; do., com. and med. 75.00 to 90.00; Springers, %90.00 to $130.00 Light ewes, 12.00 to $14.00; Sheép, heavy, £6 00 to $7.75; Yearlings, ; Lambs, $17.20 good to choice, $13.50 to ; Hogs, fed and watered, $18.- 06; do., weighed off cars, $18.25; do., f.ab., $17.00. 25; do Butcher $10 00; 5 do., 50; good medium do., rough Butel her to ) $8 do., good $7 Buffalo. Fast Buffalo, Dec. Receipts, 350; strong. cepits, 100; steady, $7 to $17.50. Hogs, receir and easier; heavy, $17 mixed $17.00 to $17 $16:75-to $17.00; 50°to $16.00; %0 ronghs, $ $15.25 to $15.50; roughs, $16.00; stags, $14.00 Sheep and lambs--Receipts, 1,400; active and easier; lambs, $13.00 to $18.85; others unchanged. Chicago. Dec. 21.--Cattle--Re- Jaarke: firm; beeves, $7.26 to $14.3 estern steers, $6.- 20 to $12.75; a and feeders, $6.25 to $10.30 Hogs -- Receip 13.000; market strong; light, to $16.30; mixed, $15.70 to $16 : heavy, $15.70 to $16.55; rough, $15.- 70 to $15.90; pigs, $11.00 to $14.10; bulk of sales, $15.90; pigs, $11.00 to $14.10; bulk of sales, $15.90 to $16.40. Sheep--Receipts 10.000; market weak; lambs, native, $12.65 to $16.25, 21. --Cattle-- Calves--Re- 00 to $17.50. 2,000; dull » to $17 3 10; yorke pigs, $15.25 to $15.- 756 to $16.00; pigs, $15.75 to to $15.00. Chicago, « eipts, 13,000 Winnipeg. Dec. 21 The stock and feeder trade was dull, with a de- cline of from fifty to seventy-five cents per hundred. Veal cattle sold easier with sheep and lambs steady. Butcher steers ®old from $6 $10.25; heifers, $6.50 to cows, $4 to $9; bulls, $7.50; oxen, $5 to $8.50; stockers and feeders, $5.50 to $8 Veal calves, 5.50 to $8.75: sheep. $12 to $18.50 ianthe, $13.50 to $15 The hog market was steady Jeets, $17; cows and beavies to $14; lights, $14 to $15. Winnipeg, Montreal, Montreal, Dec. 21. of live stock at the C.P.R stock y ards were only 350 cattle, 100 calve ding during the week in antieipa of the holiday demand for choice cuts and larger sales altogether had a good effect, for everything brisked up While cholce cattle for the Christ- mas trade is not being offered very freely, there were.some on the mar- %et which scld in odd lots at $12.50 per 100 pounds, but the majority of good steers fetched only $12. Lambs were not very plentiful and some- vhat better demand developed which forced up prices to $18 for choice. Calves were also hetter as to price, some milk-fed selling at $15 per 100 pounds, Quotations at C. The offerings P. R, Yards this morning: --Kxtra choice steers, $12.- 60; choice steers, $10 to $12; choice cows, $7 to $9.50; good, $6 to $7; butcher's bulls, $6.50 to $10; calves, $13 to $15; grass c 50 to $8; canners' cattle, 25 to $6; sheep, $11.50 to $12.50; lambs, $16750 to $18; select hogs, off cars, $17.50 to $18.25. GRAIN QUOTATIONS, Toronto, Dec. 21.--Manitoba wheat--No. 1 northern, $2.28; No, 2 do., $2,20%; No. 3, do., $2.17%; No. 4 wheat, $2.10%, in store Fort William, including 2%e¢ tax. Manitoba oats-"-No. No, 3 C.W., 76% 76%e¢; No. 1 feed, Fort William, American orn. No. 3 nominal. Ontario" bats-No. 2, 78¢, nominal; nominal, side, Ontario wheat--New, No. 2 win- ter, $2.22; basis, in store Montreal, Peas--No, 2, $3.70 to $3.80, ac- cording to freights outside, 'Barley Malting, $1.29 to $1.30, according to freights outside. . Buckwheat--$1.50 to $1.55, cording to freights outside, Rye--No. '2, $1.78, according {reights outside. Manitoba flour--First patents, in "Jute bags, $11.50; 2nd do., $11.00: strong. bakers' do., $10.60, Toronto. Ontario flour-- Winter, according to sample, $9.95, in bags, Montreal; $0.75, Toronto; $9.70 hulk, sea- board, prompt shipment. Millfeed--- Car' lots Delivered Montreal freights, aks included, 'bran, per ton, £35; shorts, do., $40; middlings do, $45 to - $486; good feud flour, per bag. $3.25. ay--No. 1, new, per ton, $15. 50 to Rest: mixed do., $13 to $15, irack, Toronto. rT. lots, per ton, $9 to Toronto, 2 C.W,, 80c; No. 1 extra feed, 76%¢c, in store yellow, white, 77 to No. 3 do., 76 to 77e, according to freights out- ac- to ~ annie. Montreal. 'Montreal, Dee. 21. Corn--Am- . erican No, 2 yellow, $2.15 to $2.30. Oats--Canadian western, No. 3, - 891% ¢; extra No. 1 feed, 89%e¢; No. 2 local white, 84c; No. 3 do., 83c. Flour--Manitoba opring wheat pat- ents, firsts, $11.60; "do. seconds, nL 10; strong os $10.90; ht 1 rollers, bags, $5.20 to 5 1%. Rolled oats---Bag of 90 $5.30. Milifeed--Bran, $35; "shorts, $40 to $42; middlings, $48 to $50; monillie, $56 tv $58. Hay ==No, 2, per ton, car lots, $15.50 : EL -- « Winnipeg, Dee. *%.--Oats--No. 2 bulls, light yorkers, $15 4 ' cows, | $7.25 to $8.75; 1. Canners | Milkers, | | | ) il | | | | | i | | i * 1 Stratford, 761 No. feed, ' 4; No rejected aud No. 1 NW 83. 06% Chicago. nicago, Dec. *21.--Corn--No nominal; No. 3 yellow, ; No. 4 yellow 1.47 to $1 ve $ to 78 Rye , $1.75 Timothy, $5 or, $20.00. to $26.00 nominal. Lard, $24.37. Ribs, 75 to $24 T9¢ arley, 0 to Minneapolis. Minneapolis, Dec, 21. yellow, $1.60 to $1.65 white, "75 1-4 to unchanged. Bran, «orn, No. Oats, No. 1-4c. Flour to $40.50. 3 3 76 1 $40 New York. York, Dee. 21.--H.y No. 1,.$1.35; No. 2, $1.25; $1.05 to $1.10. Hops easy; medium to choice, 1917, 52 to 58¢; 1916, nominal; Pacific coast, 19 23 to 27¢; 1916, 15 to 15¢; other ar- ticles unchanged. New girm No. 3, state, Calgary. Calgary, Dee. 21.---Oats, C.W., 719%¢; No. 3 C.W., extra No. 1 feed, 75%¢; No. 72 1-4¢; No. 2 feed, 70 1-4c. GENERAL TRADE. No. 2, 1-4¢; 1 feed, 76 Batter. Jelleville, 'Brantford and Hamilton, b0c¢; Cobourg, 44c to 45¢; Kitchener, 45c to 47¢; London, 48¢ to 52¢; Owen Sound, 40c¢; Port Hope, 47c; St Thomas, 43¢ to 45¢; Stratford, 45¢ to 46c. |" : ¢ Eggs. Belleville, 60c¢; Brantford, to 656¢; Cobourg and Kitchener, to 60¢; Hamilton, 70c¢ to 75¢; London, 50c¢ to 55¢; Owen Sound, 5c; Port Hope, 47¢; St. Thomas, 58¢ to 60¢; 50c¢ to 55¢. 60¢ VOC Chickens, Belleville, 24¢ to 28¢; 22¢ to 25¢; Cobourg, and Stratford, 23c¢ fo 2f 26¢ to 30c¢, -L Sound, 24¢ St. Thomas, Brantford, Hamilton itchener, ndon, 22c; Owen to 25¢; Port Hope, 2: Zheto 26c. Potatoes. Belleville, $2.10 to $2.20 per bag; Brantford, $2.50; Cobourg, $2; Hamilton, $2 to $2.15; Kitchener and Port Hope, $2.25; London, §2 to $2.25; Owen Sound, $2.10; St. Thomas, $2.25 to $2.45; Stratford, $2 to $2.25 per bag. Wheat. Belleville, i$2 to 1$2.10 per bushel; Brantford, Kitchener, Port Hope and St. Thomas, $2.10; Cobourg, $2.10 to $2.15; Hamilton, $2.12 to $2.14; London and Stratford, $2.12; Owen Sound, $2 to $2.07 per bushel. Barley. Belleville, $1.10 to $1.20; ford, $1.10; Cobourg, $1.15; ilton, $1.25 107 $1.30) Kitchener, $1; Owen Sound, $1.15 to $1.22; Pert Hope, $1.15 to $1.20; St. Thomas, $1.50 to $1.60; Stratford, 95¢ to $1.20. Brant- Ham- Oats. Belleville, 75¢; Brantford, 70¢ to 75¢; Cobourg, 72¢; Hamilton, 78¢ to 80c; Kitchener, 65¢; London, 68¢c to 82¢; Owen Sound, 74c to 75¢; Port. Hope, "T0c; St. Thomas, 50c¢ to 60c; Stratford, 72e. Hay. Belleville, baled, loose, $10 to $12; Brantford, baled and loose, $13 to $14; Cobourg, $10; Hamilton, baled and loose, $12 to $16; Kitchener, 'baled, $12 to $13, loose, $10 to $12; London, loose, $12 to $15; Owen Sound, bal- ed, $12 to $13, loose, $11 t8 12; Port Hope, lcose, $11; St. Thomas, baled, $15 'to $17, loose, $13 to $14; Stratford, loose, $11 to $13 per ton. | The Kingston Market Kingston, Dec. 22nd. Dairy Products. creamery, $11 per ton, Butter, Ib Rows Butter, rolls, Ib. Cheese, 1b ... Eggs, fresh, doz Eggs, storage Oleomargarine Eels, Ib. 5s Flounders, Ib, .. . - Fillets, Ibs ... .. Finan Haddie, 1b. Hake, Ib... .. .. Haddock, fresh, Ib. Halibut, fresh, 1b. Herring, fresh Ib, Kippers, dot... .. Oysters, qt. ... Perch, Ib. ... .... PKA, BD. wus ani ER Rook-fish, Ib. .. .. "a Salmon, ib, ...... 25 Tilefish, Ib. ...... on Trout, salmon, 1b. 18 18 White fish, Ib... . (tresh) .. .. . Grape-fruit, each. Lemons, doz .. .. Oranges, doz' .. . Peaches, dozen .., Pears, dos. . Grain, Barley, bush Bran, ton .. . .. Muckwheat, bush. Corn, meal, cwt sore, yellow feed DUBE «ui niin Flour, ewt, first . ius, ewt, second Peed flour, bag " Hay baled, ton .. Hay. loose, ton .. Middlings, ton .. Oats, Man., bush, Oats, local, bush . 310 ex-1 Shorts, 43.60 45.00 10.9% 8.00 2.25 ton Straw, baled, ton Straw, lcose, ton. Wheat local bush. Meats. 'Beef-- Cuts, ib. .. iin Local carcase, 1b, Local, hinds, 1b Local, fronts, ib. .. Western, carcase Ib. . Western fror live dress Mutton Poultry. Chickens, dressed, 3B, nln 3 Chickens, live, Hens, dressed, Hens, live, Ib. Turkeys, 1b 1b, Ib Vegetables. Beete, bus., sey Tv ¥H Cabbage, head Carrots, bus. Celery,' bunch Lettuce, bunch Parsnips, bunch 10 Potatoes, bush. 1.76 Cnions, dry Ib .. Fes 5 10 10 10 Hides, Ete.--John McKay, Goose down, per 1b . Red Foxes, Prime No. 1, up to Raccoon, up to Skunks, up to Mink; up-to Hides, green med, 3 lbs. iP, .. Lamb skins up to Veal Skins, . Deacon skins, No. 1 Horse hides, No. 1 large, . Eee. § ae 6.5 Tallow Cakes Wool," washed, Gensing, wild per 1b. Beeswax, 75 16.00 5.00 300 7 ? 4.00 trim- ' tare, . 16 fresh 5.00 25 2.00 Pe Ib. dry Ib. up to THE DAIRY INDUSTRY. Interesting Figures Regarding Pro- duction of Butter and Cheese. In a press bulletin issued from Ot- tawa the census and statistics office reports on the total production of butter and cheese in the creameries and cheese factories of Canada for the year 1916, as compared with 1915, the report being based upon returns collected from the dairying branches of the provincial depart- ments of agriculture. The figures for 1915 represent approximate esti- mates, as the returns for that year are not quite complete. The total number of creameries and cheese factories operating in 1916 is re- ported as 3,446, including 993 creameries, 1,813 cheese factories, 624 combined factories (cheese and butter), and 16 condensed milk fae- tories. The. total . number of pat- rons contributing to creameries and cheese factories during the year 1916 was 221,192, the deliveries of milk amounting to 2,600,542,987 lbs, and of cream to 15 5%, 620,636 lbs. The two chief dairying provinces of the Dominion are Ontario and Quebec. Both manufacture cheese and but- ter: in Ontario more cheese is made than butter; in Quebec more butter is made than cheese. In Ontario the total number of establishments oper- ating in 1916 was 1,165, and the patrons numbered 87,325, whilst in Quebec the establishments numbered 1,984 and the patrons 79,145; so that the average number of patrons per establishment was 75 in Ontario and 40 in Quebec. The total production of creamery butter in Canada in 1916 is return- ed-as 82,564,130 lbs. of the value of $26,966,357, as compared with 83,- 824,176 lbs, of the value of $24,368 - 636 in 1915. Comparing the relative production of the provinces, the pro- duction in 1916 is highest in Quebec with 34,323,275 Ibs. of the value of $11,516,148, as compared 'vith 24,- 680,109 Ibs. of the value of $8,031,- 998 in Ontdrio. These two provinces together produce about 70 per cent. of the total creamery butter of Can- ada. Of the other provinces the pro- duction and value of creamery butter. in 1916 were in reiative order as fol- lows: Alberta 8,521,784 lbs., value $2,619,248; Manitoba 6,674, 510 lbs. Yale $2,038,109; Saskatchewan, 4,- ,669, value $1,338,180; Nova 3 1,586,679 bs. value $505,- 000; British Columbia 1,243,292, value $497,316; New Brunswick 709,932 Ibs, value $236,194: and Prince Edward Island 613, 880 1bg., value $184,164. 'The average price per Ib, 'of creamery butter for all Canady works out to 33 ' cents in 1916, as compared with 30 cents in 1915. By provinces in 1918 the h gh- est price was in British Columbis 42 cents and the lowest in Prince Ed- ward Island 30 cents. In the other provinces the price per Ib. for 1916 was as follows: Nova Scotia, 32 cents; ' New Brunswick, 33 ents; Quebec, 34 cents; Ontario, 33 vents; the prairie provinces 31 . 'ents, The total production of factory cheese in 1916 was 192,968,597 ibs," of the value of $35,512,530, us com- pared with 183,87 8,898 Ibs. of the value of $27, 587.776 in 1915, By provinces the lead in produ:tion is taken by Ontario with a total quan- tity in. 1916 of 126,015,870 Ibs, of the value of $23,812,935, Quebec bjing second with 61,906, 750 Ibs., of e value of $11,245,104. ' These two provinces together account for 98 per cent. of the total production of factory cheese. The production and value of factory cheese in thé other provinces in 1916 were as follows: Prince Edward Island, 2,121,736 lbs, value $409,435; New Bruns- wick, 1,185,664 Ibs, value $210,692; Manitoba, 880,728 ibs. value $158,- 931; Alberta, 745,122 Ibs, value $154, 454; Nova Scotia, 94, 147 Ibs., value $16, 959, ah Biitish Columbia, 18,00 Ibs. value ot ae 0. The ver- age price per pound factory cheese for all works out to 21 cents i JIE "YR, 8 oI average price is highest in British Columbia, 25 cents. In Quebec and Ontario the Ee I a ts, and 1n A) berta it is 21 cents. ' . W. c Hawkins, Montreal, elected president of the Southern' Canada Power Company. ? Limited. | | ti of $20 a Share Payable in U.K. and US Bonds. New York, Dec. 21.--The - Del- aware, Lackawanna and Western stockholders of the Delaware, Lacka- | wanna and Western Railroad, has de- ciered a spec ial dividend of $20 a yable in bonds of Great Bri- | tain and in Liberty bonds. -The dis- tribution will consist of $3.75 in bonds at par of the United Kingdom jof Great Britain "amd Ireland, due 1919, in bonds at par of the | United Kingdom, due 1921, and $12.- 56 dm United.States Liberty Loan 4 per cent.'bonds at par, due 1924. 'the payments require fractional amounts of $1,000, payments will be j settled in cash at 95 per cent, 91 | per cent. and 98 per cent. of the par value of the respective bonds, which is {around the market price of the bonds. 14 | "Extra" For Nipissing. | New York; Dee. 21.--Nipissing | Mines Limited, has declared the regu- {lar quarterly dividend 'of five per { cont, and an extra.dividend of, five per cent., both payable January 20th {to stock of record December 31st. i This will be the second extra dis- | bursement, the same amount having |.been declared three months ago, and | mi ikes a total of thirty, per cent, de- { clared in 1917. $2.75 New Glass Concern, Montreal, Dec. 21.--An finential syndicate has been formed to fin- ance and operate a new glass com- pany in a suburb of Montrea] called 8t. Pierre; to be knpwn as the Con= sumers' Glass Company, and to work in opposition to the Dominion Glass Company, which has several plants throughout the country, including factories at Toronto, Hamilton and Wallaceburg. The new company for- merly called the Premier Glass Com- pany, which previously had taken over the plant of the Atlas Glass Company, and both of which proved failures. Commerical' Notes, G. H. Smith, formérly vice-presi- dent, has been elected president of the International Petroleum Company. American Steel Foundries Company show close to 43 per cent. on its $17,804,000 common stock for the year ending December 31st, accord- ing to estimate made in quarters well acquainted with company's business. At a meeting of the board of direc- tors H. H. Williams, Toronto, was elected a director of tue Toronto Gen- eral Trusts Corporation in the place of W. R. Brock, deceased. Mr. Wil- liams is a well known and prominent business man of Toronto. Bethlehem Steel for the two years 1916-17 will show a surplus of about $73,000,000 available for the sommon, equal to $122 a share, In Steel will have earned for its com- mon stock $122 a share; which com- pares with the low level of $64.76 a snare recorded on the New York Exchange Thursday. Three new directors were added to the directorate of the Merchants' Bank at the annual meeting, Farqu- ahr Robertsen, Alfred 3. Evans, and George L. Cains being increased nine to 12 by vote of the sharehold- ers. Walter C. ly elected president of the Standard Oil Co. of New Jersey, yesterday re- tionad Petroleum Co., Ltd Company has sold year six per cent. to a syndicate of American bankers. $4,600,00 Poultry Féeding Hints, The laying house should have six to ten inches clean straw litter on the floor, and in this the grain should be scattered, making the hens work for their feed. Grain should be given at least morning and night, the night féeding being about twice as much as in the morning. Hens should go to roost with full crop. Skimmilk or buttermilk are avail- able on most farms and will prob- g hens than when put any other use. Skimmilk may fed either sweet or sour, ing from, sweet to sour is not ad- visable. Sprouted oats, cabbage, or man- gels for succulence, should supple- ment the grain feed too much, Ground fresh bone supplies pro- tein, its value depending on ' the amount of lean meat left on the bones. Grit and oyster shell should - be kept in hoppers or boxes at all times. Granulated charcoal is bene- ficial in absorbing gasses and cor- recting disorders of the digestive systems. It may either be mixed to be pers. a POULTRY PICKINGS, 4 During the period of high egg + production many eggs are crack- % ed, broken and lost because awm- "+ ple nest room is not available. "+ Give chickens plenty of ventila- + tion at night. Give them enough + floor space in their hovers. Don't «& force them to stay in small quar- + tars. "+ Put in fresh nesting material + "often and insure clean eggs. + Gather thie eggs at least once % daily, Keep them fu a cool, dry + place, + Eggsal odors very rapidly. "+ Keep them away from decaying % vegetables, onions, kerosene or % other strongly odorous things. 4 Market the eggs regularly, two : or three times a week if possible. ode ob Hhrreasersisbiateie James Beadle, a boy rom Wess ry red ore Judge WE 'Brockville, ville, on a charge of shop ey ros The trial was adjourned. Charles Herbert eson, fourth | som of the late Semator Col. Roder- Picton Council gave a further grant to the sufferers at Halifax of $450, making a grant of $500 from municipality. Rev. W. A. Bremner, St. Thomas, has accepted a call of St. Andrew's church, Cobourg. ably bring better returns when fed" No. layin . other words, in two years Bethlehem Teagle, Toronto, recent- signed from the board of the Interna- The Shawinigan Water and Power two- convertible notes but chang-. with the mash or fed alone in hop- Fd ddd bpd bd hb + BE bh bbb bbb dd ddd dk dck Matheson, died in Perth on Sat- y FORTY- EIGHTH ANNUAL STATEMENT The Royal B Bank of Canada GENERAL STATEMENT 30th November, 1917 LIABILITIES TO THE PUBLIC: Deposits not bearing interest - Deposits bearing interest, in« luding interest accrued to date of statement SE Se AT $252,987,382.81 28,159,361.49 14,582,659,38 Notes of the Bank in Circulation ... ... ... Dalance due to Dominion Government . . . . Balances due to other Banks in Canada ... Balances due to Banks and Banking Correspondents in the United Kingdom and foreign countries 5,801,808.96 - - - : 6,166,596.49 Pg . 297,494.63 5,510,310.9¢ 364,787.53 Bills Payable *. .. 're Acceptances under Letters of Cc redit "pie -$307,703,795.76 TO THE SHAREHOLDERS: Capital Stock paid in ... ve Reserve Fund Balance of Profits carried forw ard | ene A Ae 12,911,700.00 .$ 14,000,000.00 564,264.53 pay- 14,564,264.53 Dividend No. 121 (at 12 per cent able December 1st, 1917 Dividends Unclaimed per annum), se sae | 387.35 7.07 0 3 ASSETS Current Coin ... ... ... . perth +2 ses rere $ Dominion Notes ,.. ... ... .. . vio ven J8.013.850.91 18,284,444.7 $ 34,364,275.66 Deposit in the Central Gold Reserves . . 16,000,000.00 Deposit with the Minister for the purposes of the Circulation Fund vie 3 ' 'av 645,685.00 Notes of other Banks EN OR SE 5,308,203.91 Cheques on other Banks o vas Bus 5,283,364.45 Balances due by other Banks in Canada nh 229,868.41 Balances due by Banks and Banking Correspond- ents elsewhere thah in Canada . .. Dominion and Provincial Government not exceeding market value . .. Canadian Municipal Securities and British, Foreign and Colonial Public Securities other than Can- adian, not exceeding market value ... . Railway and other Bonds, Debentures and Stoc Ks, not exceeding market value ... rT Call Loans in Canada, on Bonds, Debentures and Stocks .... .. ae Call and Short (not exceeding 'thirty days) elsewhere than in Canada ,704,338.84 Sec urities, 332,197.31 ,086,645.77 2,777,603.85 $ Low 2,040,687.27 Loans 14,5 2 7 - - $165,836,706.79 Other Current Loans and Discounts in Canada (less rebate of interest) ... .. Other Current Loans and Discounts "elsew here than in Canada (less rebate of interest) v xv Overdue Debts (estimated loss provided for) $102,358,027.10 53,764,037.92 490,064.82 oo Real Estdte other than Bank Premises ... ... ... ... ... ...... Bank Premises, at not more than cost, less amounts written off .. .. Liabilities of Customers under Letters of Credit, as per contra . . Other Assets not included in the foregoing . .. ' © tS $335, 574, 186. 52 S. HOLT, President. EDSON L. PEASE, Managing Director. Auditors' Certificate reholders ¢f the Royal Bank of Canada That in our oj on the transactions of the Bank wihich have © have heen within it powers of the Bank That we have checked fhe cash and verified the Office at 20un November, 1917, as well as at ar Bank Act, and that we found ther agreed w We also during the year checked the branches That the above Balance Sheet has been tompared by us with the books a: the Chief Office and with the certified returng from the Branches, and in our opinion is properly drawn up so as to exhibit a true gnd correct view of the state of the Bank's affairs accord- ing to the best of our information and the explanations given to us and as shown by the books of the Bank That we hdve obtained all whe Information and ¢ JAM E. NEILL, General Manager. We Report to the me unkler our notice securities of the Bank at the Chief rther time, as required by Section 56 of the 1 the entries in the boeks in regard thereto cash and verified the securities at the principal nat ons TEaurey by us TAR WI A. FER MITC Ht 1. 1. C.A., of Marwick, Mitchell, Peat and Co Auditors Montreal, Canada, 18th December, 1917, PROFIT AND LOSS ACCOUNT Balance of Profit and Loss Account, 30th November, 1916 A. . . $ Profits for the year, after deducting charges of man- agement and all other expenses, accrued inter- est- on -deposits, full provision for all bad*and doubtful" debts, and rebate of interest on un- matured bills ... Sidi sie wre wre 852,346.28 2,327,979.51 -- $§ 3,1804325.79 APPROPRIATED AS FOLLOWS: Dividends Nos. 118, 119, 120 and 121, at 12 per cent. Per annum ... ... ..: s.r cre aa. ... $ Transferred to Officers' Pension Fund ... Written off Bank Premides Aceount ... War Tax on Bank Note Circulation . .. 'Contribution to Patriotic Fund Transferred to Reserve Fund .', . sh aety 528,300.00 Balance of Profit sud Loss varried forward rs . 564,264.53 ---------- §- 3,180,380.79 RESERVE FUND Balance at Credit 30th November, 1916 . ' $ 12,660,000.00 Premium on New Capital Stock issued to Quebec Bank Shareholders . ., Transferred from Profit and Loss 'Account 1, 549,404.00 100,000.00 250,000.00 128,357.26 60,000.00 911,700.00 528,300.00 Balance at @redit 30th November, 1917 $14,000,000.00 EDSON L. PEASE, Managing Director. H. 8. HOLT, " President. Montreal, 18th December, 1917. C. E. NEILL, ; General Manager. Closely Related We Sell Goods for What They Really | There's a closer relationship be : Are. ot I Pea tag Donde - fou may suspect. Right feed means goods coming in dally. Sokige birds, quicker returns and Shelted Almonds, Shelled Wale For bigger dividends wuts, New Dates, New Figs, N 3 i, ot ST TPT To Fata, Dn, Velvet ou you bs kind you need is here, and our advice is free for the asking. Baker's Grocery W. F. McBROOM Phone 1016. Frineenn da Faoatcane 'Stn. 42-44 Privcess Ntreet. AS KYOUR GROCER FOR Charm Tea IN PACKAGES. Nia. Cr EACKACE Packed in Kingston, by 'GEO. ROBERTSON & SON, Limited.