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Hydro aj DEBENTURE LIABILI REDUCED, EQUIPME ADDED TOTALS $22 Consumers Increased in Both Electric and Water Departments; " Hydro Builds Up Re- serve to Maintain Mean Average of Power Costs In reviewing - the progress ot! Oshawa's public utilities -- the, electric department and the water- works department--chairman Wm. | Boddy, of the Public Utilities Com- | mission, states the two departments | combined have in the past two years - improved their position by i $229,387.17. 1 The improvements in the elec- tric department which include sub- | station equipment, transformers, : meters, office equipment, trucks, | water heaters, etc. total $57,419.00. ; During the two years, 1939-40 the | debenture liability has been re- Guced by $29,925.41, and during the | period of two years the commission | has paid to the Ontario Hydro | Electric 'Power Commission an amount of $88,873 for the purpose | of maintaining a mean average of | power costs. The total in the | three brackets amounts to nite 587.00. Hydro consumers have increased | from 6,940 in 1938 to 7,099 this year, and the increased demand for power. has accelerated from 13 520 | ip. fo 15364 hp. Due to the in-| crease in consumers the commission has been able to operate ten per! estimate of the cent. under the budget this year. The waterworks department has | had a very successful year, also, Mr. | Boddy reports. Improvements her2 have amounted to $22,582.00 while the debenture liability cut by $91,217. Consumers have in- creased from 5503 in 1938 to 5,642 this year and the consumption of water has increased from 595,113,- | 000 gallons as of October 31, 1938 | to 696,589,000 gallons the same date | this year. The cost per thousand ! gallons in 1938 was 16.07c. but this | year the cost was reduced to 14.57c. It is a source of considerable sat- {sfaction to see the strides made by the commission during the past two years with these essential com- modities giving a maximum of ef- ficiency at a minimuny of cost. Following are the details of the summary of improvements present- ed by Chairman Willlam Body at | the recent meeting of the Public Utilities Commission: Electrical Department Improvements to our System, ex- | cluding our new water heater con- trol which was placed in operation January 1st, 1940, have been paid | for entirely out of revenue with one | exception, viz, a balance of $7,534.52 | for the water heaters installed prior to our present system of pay-as- you-go. The detail of the improve- | ment and additions to our plant is | set out below: Lands and Buildings .... Sub-Station Eguipment Distribution System (General) Electric Water Hpater Control ..... Bees... Line Transformers. Meters . Street Lighting Equip- ment Regular General Office Equipment 97.00 | 26,359.09 5,907.87 | 6,230.16 8,614.01 913.94 4795 4,383.24 1,415.27 5,502.67 2,400.00 Electric Water Heaters .. Old Plant $57,419.01 This reduction is accounted for by the fact that the Commission ¢ispcsed of the old Oshawa Rail- way Generators. Debenturc Liability Due to our regular annual pay- ments on the prifieipal, we have still further decre this liability as follows: Balance .Dec. 31, Balance Dec. 31, 108.491.54 Bi i voir 29.925.41 Reduction ats ( | estimates. the regular cost | have paid to the Hydro reserve the following 10 or 9% of Total 33.80 or 3% of Total average cosh extreme. ' precipitateg prosperity y fone a" trig tides of depression over. a to the e Reducing ur Debenture Liability to extent of And paying info the rate stabilization reserve in 1939 ....5% (1940 is as yeh u We have acl $ 57,419.01 -20.925.41 bso has been | $ 34781 .. $138,416.95 | i this Commission .j tegest on consumers' deposits at the Marks Theat Reopens Satu | | KEITH WILSO manager of the Marks" announces that the pop house will reopen Saturd noon after undergoing ext! terations and installation equipment and seats. proved our position in the past two years by §$ Equity in H.E.P.C. ..Our equity has increased as lows over 1938 (1940 is as! yet un: known): .... ... a eras $468,390.55 415,387.59 $ 53,002.96 or 13% Consumers | Growth of the system is further reflected by the increase in the | number of consumers. These are | | set out below in their proper classi- | | fication: | Dec. 31 Oct. 31 In- 1938 1940 crease 6278 6426 148 | 554 564 10 | 106 105 1] 2 4 2 gr 6940 7009 159 ; or 23% K. W. Hours Profluced An idea' of the tremendous in- crease in the demand for power can { be gained from the following fig- | ures: Average Monthly Demand: 1398 . . 13,5200 HP. . 14,1860 HP. 1940 (to date) .... 15.3645 HP. | An increase over 1938 of 18445 1HP. or 14%. ro Shes Monthly Demand: 15,8030 HP. 4 | oi 16.583.1 HP' | 1940 (to date) .... 18.230.0 HP. An increase over 1938 of 2,427.0 P. or 15%. Total K.W. Hours Produced 1938 to October 31 .. 25,975,440, | 1939 to October 31 .. 28,313,760 1940 to October 31 .. 35,056,560 An increase over 1939 of 9,981,120 K.W. hours or 35%. Consumer Cost | It is interesting to note that with | | the increase in Electricity consum- ed has come a reduction in the average cost per KW. Hour to the consumer, | Domestic Commercial ... | Power . Miscellaneous . Avge. Hthly. Cons. Avge. Net Cost Mthly. per Bill K.W.Hr 225 19¢ 2.25 19¢c 2.34 1.6¢c. A reduction of 0.3c. or 16% from 1937. Domestic Avge. Mthly. Commercial Cons. 1937 463 Avge. Net Cost Mthly. per Bill K.W.Hr. 10.18 2.2c¢. 9.99 2.0c. 10.27 2.0c. A reduction of 0.2c. or 16% from 1937. Budget The set-up and operation of a budget on a variable and fixed cos! j system has proven very successful. | In 1939, we operated 9% over our In 1940 so far, we are operating 10% under our esti- i mates. This is due chiefly to the increase in revenue out of propor- tion to the increase in expenses. Interest on Deposits Commencing January 1st, 1939, inaugurated in- | rate of 2% per annum. The only requirement was that in order to minimize the clerical work involy- ed, deposits would have to be in for a full interest bearing period, either January 1st to June 30th, or July ist to December 31st, to be eligible for interest. The interest is cal- culated twice a year, June 30th and December 31st, and credited to the | first consumers' accounts rendered in the year following that which the interest covers. A total of $433.33 interest was set up to the credit of consumers in this respect for 1939. Records To ensure more efficient opera- tion of the various phases of our system, we have installed three | Buffalo and a heavy 'statement of the board. (Continued on Page 11, Col. 5) CPR Has 29% Extra Trains -- Gray Coach Doubles Business Toronto, Dec. 27. -- Christmas traffic was very heavy over the holiday with the soldier traffic be- | ing very good. Both Canadian Na- | tional Rallways and Canadian Pac- | ific 'Railway had extra trains and equipment in operation to take care | of the heavy passenger travel. Canadian Pacific Railway had 45 extra trains on for the holiday with | the heavy traffic 'being from To« ronto to Montreal, Windsor, Ottawa | and Buffalo. There were a Jaren! | number of passengers from Sud- [bury and the north and quite al good crowd left Toronto for skiing in Quebec, Canadian Pacific offic- fals reported. Canadian National had 55 extras | operating, with much traffic re- ported; from Detroit, Chftago and | traffic to | Northern Ontario for skiing. Gray Coach Lines. doubled its traffic over last year, C. A. Ward, | of the TTC, stated. He said that | every available vehicle was pressed into service. PARKS BOARD HAS $1,000 SURPLUS Strict Economy Observed But Beauty and Utility Are Preserved Cobourg, Dec. 27.--Cobourg Parks Board is showing a surplus of al- most $1,000 as the year ends, it was revealed in the annual financial Strict | economy h been observed throughout the year and this ac- counted for the excellent state of the board's finances, In practising economy, the board was able to maintain the beauty and utility of the park, making it the stopping place of a large num- ber of visitors during the past summer. The board has constructed a new greenhouse in which to store the park plants during the winter months effecting a saving in the money hitherto expendea each year in buying new plants in the spring. Many additional measures to beau- tify the park are planned tor next year. Revenue during the year was made up of pavilion rental, $1,375; town grant (estimates), $1,700; tourist tees, $464.25; picnic fees, $32; miscellaneous, $12; and bal- ance on hand, $176.68, Total, $3,- 756.83. Bxpenditures, grounds committee, repairs and supplies, $45.94; flowers and gravel, $101,03; other items, $31.20; property committee, pro- perty repairs, $732.80; property sup- plies, $33.26; miscellaneous, $81.28; tourist camp supplies, $24; legal, $76.25; light and water, $252.35; caretaker wages, $771.24; extra la- bor, $583.77; estimated accounts payable, $35; other items, $6.50; total, $2,794.41; excess of revenue over expenditures for 1940, $964.52. | by a reduction of | balances due to the Dominion Gov- DAILY TIMES, FRIDAY, DECEMBER 27, 1940 PAGE THREE works Improve Position .P.R. Employees Turn Jewelry Into Bomber: golden bomber", symbolic of the effort of Canadian Pacific railway employees to contribute 2 00,000 bombing plane to the Royal Canadian Air Force, shows some of the gold trinkets given by s in eastern Canada for this purpose. e nose 300 wedding rings, fraternity and sorority rings; the cockpit, of Masonic jewels; Fuselage and tail are of cuff links | vatch chains and necklaces which also spell out the words. The wings of the bomber are made of more than 160 | gl Bank of Canada Satisfactory Year ts $955,000,000 -- Current 1 Loans in Canada In- d $17,000,000 -- Profits Moderately Lower After ly Increased Taxes al Balance Sheet oss Account of . The and | of Canada for the year | mber 30, 1940, shareholders. ith the experience of Anks, assets show a perease as evious year ian Deposits Up was ls- | Dividends compared | psits amount to $852,- | is compared with $911. DUO, 00D in the previous year. The difference is accounted for mainly $20,000,000 of ernment and a decrease of $48,000,- 000 in deposits outside Canadian public deposits increased $20,000,000. Currents Loans Increased The greatly increased volume of | business now being transacted | throughout Canada is reflected Canada. | actually | in | an increase in commercial loans of | $17,000,000. have been reduced $10,000,000, Strong Liquid Position | Oa aaiances show practically no ¢ as compared with the previous year. Bank balances and investments show moderate reduc- tions but total immediately realiz- able assets amount to $585.000,000 which represents 66.5% of the to- tal liabilities to the public. Profit and Loss Account A feature of the Profit and Loss Account is an increase in taxes as compared with the previous year of approximately $620,000 after providing for h and making appropriations ntingency Re- serve, out of provision for all bad and di ful debts has been made, net its amount to $3,526,894. This moderafe de- crease as compar with the pre- vious year. $2,800000 was distri- buted in dividendsjg Contributions to the Pension rly Sotiety were increased to $325000, and an amount of $300,000 was written off Bank Premises Acc#l as com- pared with $250,000 in the preced- ing year. The balance of Profit and Loss Account carried forward amounted to $3,198,146, an increase of $101,894. The Annual General Meeting. of the shareholders will be held at the Head Office of the bank at eleven am, on January 9, 1941. Profit and Loss Account figures compare with the previous year as follows: Loans outside Canada | | Capital Stock. | Reserve Fund 'Loans Canada 231,234,467 YEAR ENDED NOVEMBER 30th 1940 1939 $ $ *3,526,804 *3,724,842 2,800,000 2,800,000 Profits 726,894 325,000 300,000 924,842 300,000 250,000 Pension Fund Bank Premises 374,842 2,721 410 Carried forward 3,198,146 - 3,096,252 * After providing for Dominion and Provincial Government taxes and after making appro- priations to Contingency Re- serves out of which Reserves provision for all Bad and Doubtful Debts has been made. . Balance Sheet figures for the year ending November 30th com- pare as follows: LIABILITIES 1940 $ 35,000,000 101,894 Prev, Balance 3,096,252 1939 $ P. & L. Bal. . Dividends ... Dom. Gov. D. Prov. Gov. D, 'Deposits Can. Deposits Fr'n Due to banks Notes in Circ. Letters Cred. Other Liabs, 3,198,146 729,000 20,462,767 15,065,375 609,203,083 105,403,465 12,263,507 25,103,351 03,678 37,954 ©.3,096,252 716,674 40,167,411 8,692,004 589,048,357 243,348,966 30,262,472 26,028,238 1¥,642,135 703,834 955,5%0,326 1,014,708,343 ASSERS 1940 $ 1939 $ Notes and *dep. Bank of Can. 82,08 Other cash and Bank Bal. .. 124,504,705 Dom, & Prov. Govt. Secs. Janam Municipal an Other Secs. Call Loans .. 683 17,503,203 156,980,347 315,435,430 48,891,727 17,638,183 72,232,408 25,151,148 Loans to Prov. Govt. Loans to cities, towns, mun. & school dis- tricts 18,374,597 Loans Foreign 179,277,396 Bank Prem. & Real Estate Letters Cred. Other Assets 1,573,175 20,392,898 89,275,905 17,273,131 18,003,678 5,452,855 17,652,455 17,642,135 5,547,485 955,570,326 1,014,708,343 May Be Snow For Week-End Another dull day, slightly colder with light rain or snow, is in pres pect. Yesterday was "let-down day" after the bright weather of Christ- mas. Rain was general throughout Southern Ontario, north of Kapus- kasing. About 06 of an inch fell in the Toronto district. There is a possibility of snow dur- ing the week-end to hearten Oshawa skiers and it probably will be colder. Yesterday the temperature was about 40 most of the day and today it will range between 34 and 38 de- grees, it is expected. Weekly Review Livestock Market All park property is free of debt. Toronto, Dec. 27 -- (CP) -- The small supply of livestock offered on the market here this week was cleared at unchanged prices. In the cattle section weighty steers sold at $8 to $9.50 cwt. Butch- er steers and heifers were mostly $6 to $8 with a few light steers up to $8.75. Butcher cows sold at $4.25 to $6. Canners and cutters traded at $3 to $4. A few bulls sold between $4.50 and $6 cwt. Fed calves ranged from $8.50 to $10 with two at $10.50. Small lots of stockers sold at $5.50 to $6.50. Milker and springer trade was quiet with tops selling at $85 to $95 each. Calves of good to choice quality sold at $10.50 to $11.50 with an oc- casional tons at $12. Common lights sold downward to $6 cwt. Lambs sold steady at $10.75 to $11 for good ewes and Wethers with common to medium grades from $6 to $10.50. Sheep ranged from $2.50 to $5.50 cwt. Hogs sold steady at $11 dressed and $8.25 liveweight with sows at $4.75 to $5.50 dressed. Weekly summary: Last week Cattle Calves Hoge Sheep and Lambs This week 1,927 3,509 1240 to date 200,736 146,746 231,143 141,955 1939 to date 291,789 140,609 251,034 157,082 This week 1039 3818 1,205 580 2,609 2,681 4,602 668 1,754 838 3,008 35,000,000 | 20,000,000 20,000,000 | 215,321,154 | U.S. COMPLETES FINGERPRINTING OF ALL ALIENS 4,200,000 Have Regist- ered, Compared to Anticipated 3,600,000 Washington, Dec. 27. -- A four- month program to register and fingerprint every alien in the United States, and its possessions ended at midnight last night. Every non-citizen, with the ex- ception of foreign government of- ficials and their immediate fami- lies, who fails to. register will be subject to a $1,000 fine and six months! imprisonment. mate of 3,600,000 aliens in the | United States--and several hundred the rolls are closed. registering are Canadians. Under a law passed in 1937, aliens 1922, may legalize their presence by application, provided they have no criminal record, and then would be eligible for naturalization. Those who entered illegally after that date are subject to deportation, but such a the Attorney-General. mised cases, "a square deal" in those checking and filing the | 5,000,000 expected forms is pleted, the job of searching out and punishing viclators will be started on' a broadscale. VICHY REFUSES GIVE U5. BASE ONMARTINIQUE Washington Experts In- sist Use Be Made of in Face of Rebuff who entered illegally before July 1, | SILVER CUPS PRESENTED TO REGIMENTAL BAND BY GSHAWA CITY. City Recognizes On- tario Champions Who Won C.N.E. Trophy Three Years in a Row; Congratulated by Mayor Anderson Oshawa's 1940 City Council per- formed its last official act at the Hotel Genosha last night when sile ver cups, miniatures of the cup which the organization won at To ronto last September, were presente ed to the members of the Regimen- : tal Brass Band, The presentations were made at a social gathering sponsored by the City Council at which brief addresses were made by city officials and officers of the | band. the pro- | | | band for the past 11 years, More than 4,200,000 registrations | have been received at headquarters | here--compared with an early esti- | thousand more are expected before | It has been | estimated that 10 per cent. of those | | | | | step Is discretionary with | He has pro- | Once the task of classifying, re- | nearly | com- | Washington, Dec. 27.--Naval ex- perts contend that an air and naval | | base on the French island of Mar- | tinique is necessary to complete | American defense plans in the] Caribbean. Well-informed sources said the experts are insisting upon the use of the island for such purposes in the face of French refusals. If the United States had a base there, they contend, the Caribbean: could vasion, { The island has been the centre of | controversy and mystery since France capitulated to Germany. It is a link in the chain of islands athwart southern entrances into the Caribbean. Admiral William D. Leahy, new ambassador to the French Vichy government, is expected to open conversations for a base on the island. Leahy is an expert on Ca- | ribbean defenses, having supervised | the fortification of Puerto Rico, where he was governor. ! Informed sources said that | France's attitude was dictated largely by fears of German re- prisals. The navy reportedly is anxious to obtain a site there because Fort de France, the main port, boasts one of the finest harbors in the lesser Antiles. A deep, protected anchorage would afford shelter for a half dozen large naval vessels, while the surrounding hills are adaptable to adequate gun em- placements. The harbor formation provides a natural runway for heavily ladén bombers or naval transport. Com- parable facilities are available in only a few other harbors in the lower Caribbean, arnt sai be completely sealed against in- | | the The miniature silver cups were presented to the bandsmen by the city in recognition of their out- standing performance in winning C.NE. championship in their in three successive years, The event was attended by city alder men and officials, practically all members of the band, and officers of the Ontario Regiment (Tank). Need Financial Assistance Apart from the presentations, the feature of the meeting were broad hints both by Lieut.-Col. R. B. Smith, commanding officer of the Second Baftalion, Ontario Regiment (Tank) and by band officials that the city's renowned musical organi zation should rec=ve greater finan- cial support fresn the city treasury | than heretofore Ernest J Luk, secretary of the presente ed the suggestion admirably when he pointed out that the band, reali- zing that the city's financial posie tion for several years was precars ious, "had not been too demand- ng" in requests, but now that the city was in a better financial poste tion "we presume that the council will be more generous in their sup- port." He complimented who have been the councils responsible for COUNCIL Cost of Living Is Advancing Ottawa, Dec. 27.--The index Num ber of living costs on the base 1935= | 1939-100 rose from 107.0 in Octo ber to 1078 in November, due to higher prices for foods, fuel and home furnishings. Living costs for November were almost four per | cent above the level of a year ago and approximately 7 per cent highe er than at the outbreak of war. An index for 46 food items ade vanced from 106.1 in October to 108.7 in November. Dairy products, eggs, groceries and fruits moved up- ward, while meats and vegetables recorded declines. Cereals remained at the same level for both months, Moderate increases in prices of coal - and coke caused the fuel and light= - ing index to increase from 108.0 to° 108.5. Home furnishings moved up from 109.7 to 110.0. bringing the city through the fine ancial wilderness over tie past few years to the point where "Oshawa is given generous space on the fine ancial pages of the large Toronto newspapers." Secretary Luke also expressed the deep appreciation of the bands« men individually and collectively for the miniature cups which had been vresented to them in recognie tion of their prowess in band come petition at the Toronto Exhibition, Lieut.-Col. R. B. Smith, V.D., paid tribute to the large measure of generous assistance which the band has received over the past years from Col. R. 8S. McLaughlin, point- ing out that the continued existe ence of the band would have been well nigh impossible but for that assistance, He also pointed out that such 'aid could not be expected in= definitely and that the city as a whole should share responsibility for maintaining the band as a civie organization. It had brought the city great honor to date and would continue to be a valuable asset in (Continued on Page 11, Col. 4) 12 KING E. - SATURDAY SPECIALS - PHONE 1147 TURKEYS Large 18-201b. Birds Bopeless Rolled PRIME RIB ROAST aap 'SLICED PORK Fresh Shankless 1b. 15- ROUND STEAK .... nD' Choice Skinless 1b. 19. Shoulder Stew Cuts 1 Lamb Chops Sliced Breakfast BACON m 27 Small Link SAUSAGE 1b. 15. Fresh BROS. Lean LIMITED