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‘I'OMKINSON CLOSE TO THE LEADER. IN 10mm LEAGUE A Tomidnson was largely respon- sible for his team's win with his nice score of 601 pins. although all his team were right on the job, winning by near- ly 300 pins. Minoan ‘ . 870 7806 .,.881 2557 Sky , 756 .723 779 .2258 In last week's ten-pm bowling Tom- ktnson’s team jumped up to within one point at the leader. 13. Sky. mm . . 870 .606 .,.881 .2557 Sky .................. 7.56 723 779 2258 Tomlinson won all four points. Alton and Tonkm hauled on alleys 5 and 6 to a 2- all tie in their league fixture _ Alton ..... . .. .695 . .. 671 . .771 .. 2137 Each won two points. The standing of the teams, up to and including Nov. 25th. 13 as tollows:â€"Sky. 17 points; Tbmkinson, 16 points; Ton- kin, 11 points; Alton. 4 points. Toronto Mail and Empirezâ€"US. Congressmen who have been investi- gating the sales tax in Montreal, Qfie- bee and Ottawa will return to their own country strongly favourable to the re- peal of the Eighteenth Amendment. Thursdav. Dec. 3rd. 1931 BANK OF MONTREAL TOTAL OF QUICKLY AVAILABLE RESOURCES; . $417,406,508.” (equal to 58.11% ofall Liabilities to the Public) Other Loans . . . . . . . . 348,525,148.“ To manufacturers, farmers, merchant: and others, on condition: con- sistent with sound banking. Bank Premises . . . . . . . . 14.500.000.00 x Customers’ Liability under Letters of Credit Total Liabilities to the Public . . . LIABILITIES TO THE SHAREHOLDERS Other Assets not included in the Forcgoing . . . Making Toml,Assets of . . . . . . to am: payment of Liabilities to :12: Public of leaving an execs of Assets over Liabilities' to the Public 'of RESOURCES To meet the foregoing Liabilities the Bank has Cash in its Vault: and in the Central Gold Reserve- Nom of and Cheques on Other Banks . . . LIABILITIES TO THE PUBLIC Deposits 695 . .. 671 . _. 771 .2137 685 ...... 741. .751 .2177 The strength of a bank is determined by its history, its policy, it: management and the extent of its resources. For 114 years the Bank of blontrcal La: been in the forefront of Canadian finance. Money on Deposit with Other Banks 0 Government at Other Bonds and Debentures Gilf-edge Securitia (Ix majority ofvbn'cb We! Call Loans outside°of Canada Secured by bonds, stock: and other negotiable set-under afre value than the loan: and represent”: money: quickly era "rub no qurbing efect on condition: no Eduada. CallLoaminCanada . . Payable on demand and secured by band: and nod: cf greater value at current quotation: than the loam. Total Liabilities Real Estate and Mortgages on Ru! Estate . . Ac ‘red in (1): course of the Bank? 6min“: and in pram of being «.21: upon. Capital, Surplus and Undivided Profits 86 Reserves for Dividends . . . . 0 77:5: amount represent: the shareholders’ intern: in (be Bani, over which liabilities to the public talze precedence. Other Liabilities Payable on demand. Letters of Credit Outstanding . . financial rexpomwilitia undertaken on bebal of customer: or com- mutual transaction: (set ofliem'ng amount [I "New“! Notes of the Bank in Circulation . Established 1817 GA presentation, in easily understandable form, of the Bank’s Payable in an], on Won. Available on demand. M947 and Industrial and other stock: a! or below maria value. Ban"; .prerm'ser, the value ofu'vbitb largely exceed: 314, 00,000,, 8 ‘ pear under (bi: beading. 5 P. Tbreep properties only are carried an the mesa of holding eompa niex; the stock and bond: 0 these com panies‘ are entire med by ”:4 Bank {nd'eppedr .on :Ize ob at Jhx. oo in egcb case. All other of (be Represent: liabilities of customer: on account ochttcr: of C rcdit issued by the Bank for tlm'r account. Profit: for the year ending 3m Ottober, 1931 Dividend: pad or payaHe to Shareholders Mon {0: Taxes. Dominion Government Reservation for Bulk Premises . . . Bahnceofpmfit andlmAccount, 3st October, 1930 Bdanaofptofixnndlmarfiedfomrd . Item: which do not come under the foregoing beading; Payable on demand and after native. ANNUAL STATEMENT GORDON, Panda: 3lst October, 1931 PROFIT and LOSS ACCOUNT Parliament Elections are now over and Bill Dunn is the new member of the 11th. Ontario chs' Parliament for this riding of Cochrane South. Bill polled a. total of 52 while his opponent, Bob McWilliams, received 21 votes, a majority of 30 for Bill. The diflerent centres voted as follows:â€"â€"South Porcupine, McWilliams 8. Dunn 0; Schumacher. McWilliams. 10, Dunn. 2; Timmins. McWilliams, 3. Dunn 50. The platform on which Bill based his successful campaign may be summar- ized as followszâ€"l, Our Sunday School programme should be made more in- teresting and helpful to our Tuxis and Trail Ranger groups. For this reason the following suggestions are made:â€" that they should take part in the bible LIABILITIES o (1. UVU’ JACKSON DODDS. $4.3 20,000.00 610,000.00 300,000.00 Jain! General 514mg": study tests; that mentors should be encouraged to become the Sunday: School teachers of their groups; that a? temperance Instruction course might be taken up with the groups. 2. As relat- ing to our athletic part of the pro- gramme we shouid not merely have group contests but have district C. S. E}. T. meets. To a certain extent we have group contests in 'I‘immins. but we should and could excite more in- terest in the district if we had athletic meets between South Porcupine, Schu- macher and Timmins. These district meets should try to be run under the basis of the national athletic contests. 3. The third plank of my platform is the highest and what I think the most important; it is to show the spirit of Tuxis by discouraging racial discrimin- $718,330,729.12 $669,047,251.” :1 76,192,604.“ $794,523,333.96 718,330,729.12 $794,523,333.96 5 $3,625,914.91 35,794,511.2o S 76,192,604.84 236,433,81 7.82 3 156,379.57 947.047.38 $5,386,379.57 $5.230,(X)0.00 $1,103,426.65 28,252,802.06 22,27o,3 1 1.79 14,500,000.00 38,028,370.50 9,243,921 .73 2,311,533.19 8,943,524.05 8,943,524.05 1 ,785,228.94 1,735,466.32 3,412,686.66 THE PORCUPINE ADVANCE, TIMMINS. ONTARIO The number attending \the meeting was estimated as high as 1.000. There were 25 constables present, but them was no disturbance and the omwrs did not interfere. Bella. Gordon. well- known leader. presided over the meet- ing. St. Cathaflnes Standardzâ€"What we cannot understand is why Canadian Communists so wedded to their faith. don't hie themselves to the country where it is applied. Trial and conviction of Communist leaders in Toronto was the subject of a. resolution passed last we}: at Mont- real by a Communist meeting in Prince Arthur hall. The resolution deplored the trial and included an undertaking to provide as much as $100,000 for ex- penses of an appeal, which it was stat- ed would. it mammary. be carried to the Privy Council. lin Government and Municipal securi- ties which means that as the demand by the public for loans against securi- ties has decreased, the bank has in- creased its own investments in hlgh- grade securities. The year has been one of decreasing values, but notwith- standing this, the total assets of the bank have only shrunk about $9,000,000 [and now stand at $139,176,651. De- f posits by the public are down $4,500,000. but in recent months these deposits and more particularly the interest- bearing or savings deposits have been lincreasing, indicating that the public are again beginning to save. These deposits now stand at the substantial amount of $109,940,280. Current loans stand at $65,108,364, a decrease for the year of $1,737,805, indicating that the bank continues to carry its full share of the commercial needs of the country. A strong liquid position has maintained cash assets standing at $20,895,270 or 16.2 p.c. of liabilities to the public and the quick or immediately available as- sets at $66,108,986 or 53.7 p.c. of lia- bilities to the public. The profits for the year amounted to the substantial sum of $1,328,863.47 and after paying dividend at the rate of 12 p.c. per an- num and making the usual provision for guarantee and. pension funds also taxes enabled the directors to set aside $250,000 for depreciation in securities and to carry forward the substantial sum of $761,908, an increase of over $20,000 in the amount carried forward from last year. Altogether the state- ment is a very satisfactory one and in- dicates the bank continues to enjoy its; full share of public confidence. Asthe! Imperial Bank is the first of the larger] banks to issue its annual statement, it is of more than usual interest this year under present business conditions as indicating the trend of what the state- ments of the other chartered banks is likely to be. SAY THEY WILL APPEAL THE CASE TO THE PKWY COUNCIL 5. Supporting the C. E. S. T. movement generally by making the bond cam- paign a success. This could be done. he thought. by more publicity and by adequate planning’ of the campaign. 6. Giving our strongest support in every way to the Tuxis and Trail Ran- ger movement. To do this the candi- ldate urged all to live in the highest possible way. to put more emphasis on |the fact that the movement is interde- nominational and a vital part of the church programme, and to remember that the boys of to-day are the men of to-morrow. “If elected I pledge my support to W. Carlson who is running -for premier on practically the same platform as I have outlined to you," gwas the concluding words of Bill {Dimn’s election appeal. ! South Porcupine ‘ The Trail Ranger and Tuxis groups gwent over to Schumacher last Monday J i l itraining camps and to district camps. 'evening and attended an illustrated ”Around the World" lecture given by 'Rev. Smith, of Cobalt, which was much appreciated by the boys. ' Timmins i Excelsior Tuxis Square now have .their cabin completed and are ready {for the busy winter with its ski hikes, fete. and are looking forward to many enjoyable evenings around the big icmmp stove, secure and warm from the ‘ winter's storms. The statement of Imperial Bank of Canada for the year ended 3lst October 1931, which has just been issued indi- cates that notwithstanding the de- pmsed business conditions that have prevailed. the bank has made a very satisfactory showing. Some of the more important changw in the balance sheet are a reduction of $10,000,000 in call loans and an increase ‘of $5,000,000 ation. We should learn that each nationality has a contribution to make to Canada. 4. To give our work more publicity. Under this heading the can- didate urged the wearing of the Trail Ranger habite. and the conducting of newspaper columns with both local and provincial news. Each group in the district. he said should send id' some material to help make this column in The Advance 9. success. Another point in the platform was one looking to the creating of more leaders. To this end he suggested sending Tuxis boys to General North Bay: Last Saturday at noon, Mr. T. M. Palmer of North Bay. de- voted his “radio hour" of the local broadcasting station CFCH to the three boys, Terrence McKee, Vernon Hume and Clarence Richmond, who are runn- ing in the parliamentary elections. Mr. T. C. Cummings gave a short talk con- cerning the purpose of boys’ parliament and introduced each of the three can- didates. Between each speech a quar- tette of boys of the age of twelve and thirteen gave very good songs. Splendid Showing Made by the Imperial Bank Annual Meeting of Vipond Gold Mines Work at Depth Giving Some Entourag- lng Indications. Cash Fashion Strong. Board of Directors lie-elected. Encouraging indications have marked the development programme of Vipand Consolidated Mines Limited during the past year. but the work failed to re- sult in any outstanding development. shareholders were informed at the an- nual meeting on Thursday last by Mine Manager R. E. Dye. according to des- patchms last week from Toronto. One of the most interesting recent events at Moose Harbour was a real art show. It would perhaps be giving a wrong idea to say that the recent art show at Moose Harbour was the first Shareholders were told that it was expected the programme would reach fairly definite results within the next few months. The programme. as it was set down a year ago. was outlined by Mr. Dye. He stated that the work on the 1.450-foot level on the eastern contact has encountered two low-grade ore lenses, one of which, it is believed. is an extension of Porcupine Crown vein at this horizon. Raises are now being put up on this. Along No. 9 vein at the 1,450 encouraging values have been found in the northern part of the drive, and this is being drifted on. Among the 5-8 system, minable lenses were found at 500 and 600 feet. and recent diamond drilling at the 750-fost level has given an attractive condition to which crosscut is now being driv- Moose Harbour Has Its First Regular Art Show of its kind to be held in that part of the North. It might be well to leave In answer to a question Managing Director A. Dorfman stated that there was several months’ ore ahead of the mill in the old workings, without con- sidering possible new finds. The com- pany is considering its policy of paying for development and other mine work out of mill profits. ed Word coming down from Moose Har- bour giVes interesting news for No- vember in the far North. The weather at Moose Harbour this year has been regular North Land weatherâ€"fine and fairâ€"and the growth of flowers in the gardens at Moose Harbour has been truly North Land weather. The cash position of the company is strong, according to R. Home Smith, President, and the investments in ex- cellent condition. the latter showing appreciation over costs, even at today’s prices. The Board of Directors was re-elect- ACCOXW out that part of the matter and to emphasize the fact that the November art show at Moose Harbour was an unâ€" usually pleasing and successful event. Miss E. Harper. of Oxfordshire, Eng- land, a guest of Premier Henry on his recent visit to the far north, recently gave a display of her water colours and sketches to the several white residents of the post. While at Moose Harbour Miss Harper made several paintings of local scenery, including one of the An- glican church at Moose Factory. Miss Harper is visiting Canada in connection with the “3000 settler families" scheme. 'ding to reports coming down from In recent weeks pictures at the thea- tres here have been marked “U" and several have enquired as to what the "U” signifies. It simply means that the picture is specially approved and is recommended as suitable for children as well as for adults. Pictures marked “U" have found favour with the cen- sors an dare the kind that may be at- tended by children with no possible chance of anything but good for the youngsters. Moose Harbour last. week, Miss Harper picke_d butterflies. pansies and dande- lions at Moose on Nov. lst.