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Simple Bank Report l’?fl??ll?//fi?/u?f/’f.f??’?.fa Vf’f/’l 844844888 * * * *%*5# Enlargement of the bank‘s fac through the constructicn â€" of branches and the renovation of mises in various parts of Cana manifested in a substantial ri the value of its premises whic $13,000,000, has increased by t tliree million dollars, All of these factors add up to give the bank recordâ€"breaking resources of ciegar and to t{he point. Deposits at New High Deposits of $1,783,000.000 ag: an allâ€"time hish, show ng an i of $47,000,000 over the previou and demonstrating the way in Canadian are endeavouring to the danger of inflation. The statement is also bri considerably by the additicn thumbnail sketches throughou the use of simple, everyday 1: in place of the more formal f terms usually found in bank For example, bank assets are : to as "What the B of M Has | ts Obligations," while liabillti simply the B of M O Others." Likewise, the expl: notes under each subâ€"headir clear and to the point. dollars that en: more than 500 business day of who need mone and take advan Again this ysar, following it orig.naied, the Bank of has conte forward with a trated, easily understanda THURSDAY, NOVEMBER 27 i91f 20 PINXNE STREET NORTB McInnis Block Phors 112 Tirm Everyone Who Owns A Home Needs Comprehensive Liability Insurance SEE US TODAY Simmsâ€"Hooker Pickering commercial financing, industrial bonds and ased from $56,000.000 ar, following h prac HOME OWNERS personal ioans every the year and women to meet emergencies ge of opportunities." Timmins M Owes tc explanatory l 111 which, at by nearlyv anguage inancial reports. referred * Many New ( ‘as:ng found imuch which mes!\t la : ; Books Added _ To Library Vveatr L G. Erdman; Friends and Lovers, Helen MacInunes; Way of Life, A.: H. Gibbs; John Barry, D. R. > Bedford: Rachel, March Cost: Out of Tomorrow. Stella Morton; The Veiled Fountain, Harry Hervey; Disturb Not: .Our Dreams, H. D. Skidmore;. Dull the Sharp Edge, Ellen Marsh. You Rolling River, Archie Binns: The Bright Promise, Richard Sherâ€" man; Heaven and Vice, Ethel Huesâ€" ton; Heritage Perilous, Jeffery Farnol:; Prize Stories of 1947, Herschel Brickâ€" ell, editor; The Merry Innocents, Nolan Miller; Big Ember, Edward Havill; Deeper the Heritage, Muriel Elwood; All This to Keep, M. P. French; Too Much Living, Robert Hichens; Full Mcon, P. G. Wodehouse: The Sound of Chariots, H. T. Miller. The Axe of Wandsbek. Arnold Zweig; Darker Grows the Valley, H. H. Kroll; Adversary in the House, Irvâ€" ing Stone; The Years of the Locust, House Divided, B A. Williams: Came A Cavalier, F. P. Keyes; The Golden Porcupine, M. R. Bolton:; The Silver Nutmeg, Norah Lofts: Ride Easi! Ride West! Anne Powers: The Lardners and the Laurelwoods, Sheila Kavye Smith. N()N-FICT]ON How It Happens, Pearl S. Buck; Great Shooting Stories, S. S. Ludlum, editor; My Danish Father, Karl Eskeâ€" lund; Iceâ€"Caped Island, Greenland, Kare Rodahl; Shikar and Safari. Ediâ€" son Marshall; Flashing Wings, R. M. SBaunders. Meéen of Law, Wm. Seagle For Such a Time as This. R. J. Renison (Bishop) Christ Sstopped at Eboli, Carlo Levi: Edmund Campion, Jesuit Martyr, Evelyn Waugh: Canadian Strencth, Coroly Cox; 5,000,000 casualties on the Home Front, Louise Neuschutz: Norâ€" mandy, A. H. Broderick: stop Annoyâ€" ing your Children, W. W Bauer; The Day Nursery. E. S. Beer; Gun Care and Repair, C. E. Chapel; Combat Scientists,,. Thiesmeyer Burchard: Painting for Beginners, Jan Gordon. The following is outstanding ones Many enter books have be shelves cf the Souch Porcupine 78 BRUCE AVENXUTUE Phone 30 a ning and informative n added recently to the Timmins Public Library is a list of some of the Ont. The member speaker of Tuesday‘s The only â€"reason why some people meeting was Albert Aube who spoke don‘t own an elephont is that nobody on St. Catherine who was the patron ever offered them _one. at a dollar saint of the day, November 25. Mr. down, ; * $ i A. Cousineau, spokesman for the deleâ€" gation that attended the Convention held at Montreal Saturday, November 22, reported on the highlights of that convention. The ottyr Timmins deleâ€" gates to the convention were the viceâ€" president J. Vincent Gauthier and Leo P. Lalonde. e Club <Richelieu held its weekly luncheon meeting Tuesday noon at the Algoma Hotel. The president, J. TOTAL RESOURCES WHICH THE Bof M HAS TO MEET ITS OBLIGATIONS s OTHER ASSETS:, These chiefly represent liabilities of customers tor «ommitments made by the Bank on their behalf, «overing forc:gn and domestic trade transactions: .. ; _ _ _ w RANK BUILDINGS: in hamlets, villa LOANS: During the vyear, many millions of dollars have been lent to business and industrial enterprises for! production of ewery kind, including housing and construction â€" to farmers, fishermen, lumbermen and ranchers in all walks of life, and to Provincial and Wunicipal Governments and School Districts. These lamrns now amount to o i. _ . QUICKLY AVAILABLE RESOURCES: The resourc all of which can quickly be turned into «ash, cover that the Bank owes to the public. These ass CALL LOANS: The Bof M has call | fully protected by quickly saleable se loans amount to . INYESTMENTS: The B of M has close to one blllu)n dollars invested in highâ€"grade government bonds and other public securities, which have a ready marâ€" ket. Listed on the Bank‘s books at a figure not greater than their market value, they amount to MQONEY in the form deposits with other CASHW: The B of M has cash in its vaults and money on deposit with the Bank of Canada amounting to . WHAT THE B of M HAS TO MEET ITS : large cities from «coast to coast the Bof M serves its customers at more than 500 offices. The value of the buildings owned by the Bank, together with furniture and eqhipment, is shown on its books at . The Bof M has ather bonds, debentures .'m,d‘ stocks, representing to some extent the extension of credit to industrial ‘enterprises for reconversion and for expansion of productive facilities in established helds. Valued at no more than the market price, to *‘ . it‘ .. _ W x t+â€" > Banx or MonTrREAL 4 7(u8“ld‘déed Gank . . . WORKING WITH CANADNIANT IN CVCBY i4 Here are the dollars chat cuable the Bank to make more than 500 personal loans every business day of the year to men and women who need money to meet emergencies and takeâ€" | iss SsmmA advantage of opportunities. fls ooo e en en This money does not stand idle . . . it \ for the building of the nation, Here is the money that makes the wheels of commerce turn . . . that helps the farmer garner his crops . . . that helps the lumlwrmdn buy equipment and pay his men. EC verywhere in Canada â€" in villages, towns, metroâ€" politan ‘centres â€" you can find them, They are the people â€" 1,500,000 strong â€" in every walk of life who are building their futures and doing their dayâ€"toâ€" day financing by saving or borrowing at the Bank of Montreal. ' Every member of this Bof M family has a hand in building the resources of the Bank while he builds his own future. These resources, which amount to nearly two biilion dollars, exist almost entirely because of the balances these people can show you in their B of M passbooks. THE PORCUPINE ADVANCE, TIMMINS, ONTARIO Bâ€"of M has call loans which are qiuickly saleable securities. These of notes of banks. . Aube said that the old French Canaâ€" dian custom of making toffee for chilâ€" dren on that day dated back to the days of Marguerite Bourgeois who in the early days of the colony to attract the Indian children to come to school thotight. of making toffée for them. Since she was successful with this, the making ofâ€"toffee became popular and with the vears formed part of the French Canadian traditional customs. This explanation of the origin~ of this tradition along with a number of others paraliel to this one made for a most enjoyable address. cheques on, and The resources listed above, 0 {.l\h cover 78. 7)" of all se "quick assets" amount to towns and of M serves . : WROTE . . THIS BILLIONâ€"DOLLAR STORY WORKING WITH CANADIANS IN works constantly $1,898,1405,305. 19 $1,432,027,658.28 Poor 1947 Hay Crop Cuts Livestock Here 421,704,063.46 Considerably fewer lives.ock will be raised on the farms of Northern Onâ€" tario qauring the coming Winter, it was predicted this week in the monthâ€" ly report of the Ontario Department of Agriculture. Cause of this condition is a reduced crop of hay harvested in the North this year. In North Cochrane good hay is selling up to $30.00 a ton. It is felt that not many farmers are goâ€" ing to feed as many cattle with hay at that price and the number of cattle wintered will be 20 percent lower than usual. 7 31,396,960.45 88,826.81 kfi 957 13,2 136,768,245.05 203,0696,837.69 96,866,538.42 36,807,2009.71 In Cochrane South the hay shortage B of M EARNINGS EARNINGS After paying WHAT THE B of M owEs To : This Irgure of $81,079,571 50 is iqh and, to sortre extent, of profits which have Business to bmadcn the Bank!s serviceo 4 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 for manufacture, to pay wages while awaiting returns from the sale of finished goeds, and to carry out plans for expansion. To citizens on salaries . .. to farmers with seasonal incomes to merchants, manufacturers and businessmen in every worthwhile line of endeavour . . . to muniâ€" cipalities, school boards and governments . . . to t\ ie churches, hospitals and all types of public institutions . . . hundreds of millions of dollars are being lent by B of M managers at more than 500 branches from the Atlantic to the TOTAL OF WHAT THE Bof M OWES ITs DEPOSITORS ANBIDEHIERS 4C j24 goars 54; N o) sn TO â€"PAYâ€"ARL IT OWES, THE B of M HAsS TOTAL RE: SOURCES; AS SHOWN ON THE LEFT SIDE OE THIS ~ STATEMENT, > AMOUNTING TO s WHICH,/ MEANS THAT THE B of M Has RESOURCEsS, _ OVEHK AND ABOYVR UTUH ALT TT MAXUTBCE 1 1tA ind 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 behind them. managers Pacific. QTHER, BANK NOTES: B of M hills in circulation, which | payable ‘on pFesentation; amount to DEPOSITS: While many business firms, manutacturers, ~ merchants, farmers and people in every type of busiâ€" ness have large deposits with the B of M, the bulk of the money on «eposit with the Bank is the savings of moreâ€"than a million private: citizens,. The totai ()f'al‘l.dcp«‘fiits ISte _ We s o s AND HOW THEY WERE DIVIDED Dividen Balanee Leaving Net Farnings of ETT e e e t t * salaries, bonuses and contributions to the Pension F making provision for contingencies, and for depreci préumgs, and equipment, the B of M 1Cf for the twelve montbhs ended October Alst., 194147 FFOQVision d4or 1J Provincial Taxes THER, UABIUTIES Miscellancous items, répresent mc mainly , commitments undertaken by the Bank on hdm}t of customers in their tnrcum and domestic trade tr.ms.a(tlom nt was distributed as is to Shareholders . to Probt and Loss A. MEANS THAT THE B of M HAS RESOURCES, AND ABOVE WHAT IT OWES, AMOUNTING To 4 8 Dominion Incon is attributed in part to the lack of labor this Fall to harvest it. There is sufficient for livestock but there will not be enough to meet the local needs of timber companies. The total yield of grain is also less than 1946 and the present high price is causing farmers to cull out animals and poultry which are not paying their way. In point of numbers this will efâ€" fect poultry more than other lvestock. "Let out the hem and you‘re in style." What will milady. do now that she can no longer set her knecâ€"cap for a man? "Prospector PFinds What he Thinks is Prehistoric Graveyard." Well, can‘t he tell by the dates on the tombâ€" stones? For 130 years Canadians have put their trust in the B of M. Never in that time has the Bank failed to repay a dollar left in its _ _ care . .. never has it failed to open for 7. _ _â€"___â€" business on a single banking day. FOnts which hakc trom Bank‘s services and to oss Account xB To SHARFEMHOLDERS To "SURPLUS _ , # EVERY WALK OF LIFE FOR 130 YEARS all overhead‘ expense 1( l;fi fi]#ufc up follows THE SHAREKHOLDERS‘ INYESTMENT head including sta to the Pension Fund, and aft Excess" Profts Taxes and time to time been ploug give added protection f. otf mone // U € «. ion of Bank rt '“);12;? o ul®cribe #AK .OF ATDIDN 4.4 3 2.240 _ Andrew‘s Radio zwh‘ GUARANTEE OUR SERVICE MONTREAL % i,817,325, $1,783,141,6147.31 the shareh ied back in 1,898,405,305. 19 Cents cents Cént« 29,100,5 38 .410 1,823,285,.29 56+ OM ) 83,5148.00 1 0 Timmins |