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1HE OSHAWA vA LIMES, FRIDAY, DECEMBER 28, 1928 WHITBY Representative--JAMES HOLDEN Phone, House 15----Office 484 Whitby Electors Will Vote on Question of Extending Town Park Ratepayers to Decide Matters | at the Polls on January 7 ~--Involves Purchase of Old Factory to North of Town Limits -- Many Ar- guments For and Against (By Staff Reporter) Whitby, Dec. 26--The question of whether the town park should be extended by the purchase of the old factory to the north of its present limits is on which the ratepayers will 'be asked to decide when the bylaw is submitted to the people on Janu- ary 7 For and Against Many points have been raised for and against the proposed purchase. Those infavor point out that the town is growing and that more park space will be required, They claim that the new property is needed to give the park a suitable entrance from the north and that park de- velopment will encourage more 'people to reside in Whitby. + On the other hand the opponents of the measure claim that the price of $3,000 is too high. They admit the value of parks but do not favor the expenditure of so large a sum at the present time, Decide January 7 One thing however seems certain, Whether the price be considered high or not, the property will never be purchased cheaper for if the town refuses to make the deal the Jand will soon be encumbered with dwellings. Under these conditions it would be practically impossible for the town to extend the park without tremendous expense. The matter therefor must be decided once an for all at the polls, on Monday, January 7. SERIOUS OFFENSE BRINGS SENTFNGE IV REFORMATORY Jesse Pyke Said to Be a Vic- tim of Alcoholism, Since the War xd (By Staff Reporter) "Whitby. Dec. 28.--A sentence of two years less one day to be serv- ed in the Ontario Reformatory was meted out to Jesse Pyke when he pleaded guilty before Magistrate Willis yesterday afternoon to a gerious offence against two small boys. Through the defence coun- gel, D. A. J. Swanson, of Oshawa, the accused elected to be tried summarily. Alcohol Victim The court was informed that Pyke was a returned soldier and the victim of alcoholism and had been unable to settle down to steady employment since the war. Magistrate Willis in passing sen- tence expressed the hope that the hard" work, strict supervision and care he would receive in the re-: formatory might enable him to get a new start in life. Crown Attorney J. A. McGibbon of Osha- wa, prosecuted. the case, COMPOSITE LODGE INSTALLS OFFICERS (By Staff Reporter) Whitby, Dec, 28.--The installa- tion of new officers for Composite Lodge, A.F. and A.M., took place in the Masonic Temple, Brock street, last night, The ceremony was per- formed by Very Worshipful Bro. W. M. Jermyn, assisted by other Past Masters of the lodge. Follow ing the service. a sumptuous ban« quet was served and the new offi- cers were given an opportunity to address the members of the Order, New Officers The officers for 1929 are as fol- lows, Worshipful Master, E, L, Od- lum; Immediate Past Master, S, J. 'pall; Senior Warden, M, M. uib- son; Junior Warden, F. T. Rowe; Secretary, J. W, Bateman; Assist- ant Secretary and Historian, GW, P. Every; Chaplain, W, M. Van Valkenburg; Director of Cere- monies, W, M. Jermyn; Senior Dea- con, H. L. Taylor; Junior Deacon, H. Robinson; Senior Steward, PF, A, Nixon; Junior Steward, F, 8. Murdock; Inner Guard, H. L, Prin- gle; Tyler, C, Broughton, DAMAGE ACTION HEARD IN COURT BY JUDGE RUDDY 1 |Mrs, William Black of Can- nington Seeks $500 for Injuries in Fall (By Staff Reporter) Whitby, Dec, 28. -- Damages nf $500 and costs are being sought by Mrs. Wm. Black, of Cannington, in an action against that village which opened before Judge Ruddy in county court chambers yester- day afternoon. The palintiff in her statement of claim alleges that on February 13 last she fell ou a slippery portion of sidewalk crossing a driveway on Cameron street, Cannington. Her injuries included a broken shoulder cap, and for a number of weeks she was unable to do "her housework while she also claims that she suf- fered permanent injury. The statement further declares that the village is guilty of negligence on account of the faulty construction of the sidewalk as it did not al- low for the proper drainage of water. No Responsibility The village admits the first clause in the statement of claim but denies responsibility for the condition if the sidewalk on the ground that sidewalks in all neigh- boring municipalities were render- ed slippery by ice on that particu- lar day and that it would have been impossible for the municipal authorities to clean off the ice. It is also contended that the plain- tiff is guilty of contributory meg- ligence as she knew the condition of this particular portion of side- walk. Case Adjourned Judge Ruddy ruled yesterday that a written argument be sub- Royal Bank of Canada Creates New High Record for Canadian Banking Total Assets at $909,395,884 Are Largest Ever Reported By Any Canadian Bank----Commercial Loans in Canada Have Gained Over $66,000,000, and Now Total $292,315,472-- Profits at $5,881,253 Make New High Mark A new high record in Canadian banking, with the largest assets ever | $31 reported by a Canadian bank, is one of the outstanding features of the annual statement of The Royal Bank of Canada. With its large branch system, covering every section of the country, the bank has evidently been called upon to finance a very large proportion of the increased trade and industry of 'the Dominion, The large |S resources of the bank have enabled it to readily do so and at the same time maintain its usual strong cash position, Of perhaps equal interest to the many shareholders is this year's pro- fit and loss account, As a result of the more active trade conditions, earnings for the year also constitute a record for Canadian banks, Growth In Assets The marked progress reported from year to year has resulted in total assets of the bank having gained to $909,395,844, compared with $894,663, 903 at the end of the previous year. This substantial gain has taken place notwithstanding that at the time last year's report was submitted it was intimated 'that there were some large temporary deposits of a special na- ture, while it is understood that no such special deposits are included this year, This will be taken as a fur- ther indication of the strides the bank has made, through its very com- plete organization. Of . total assets of $909,395,884, liquid assets are $398,862,085, being equal to over 50 per cent. of liabil- ities to the public. Included among them are cash on hand and in banks totalling $180,321,670, being 22.62 per cent. of liabilities to the public. Other liquid assets include Dominion and Provincial Government securities, $85,257,914, compared with $73,307, 380; Canadian municipal securities and British foreign and colonial pub- Total Assets Cash on hand and in banks . Savings Deposits Commercial Loans Government and Municipal Securities .... Railway and other bonds, debentures and stocks Call Loans in Canada Call Loans outside Canada Profits sesnssrnne essere lic securities $16,730,643, down {from ,296,226, and railway and other bonds, debentures and stocks $16, 640,108, compared with $15,890,650, Larger Business Handled The very prominent part which the bank has played in financing the larger business of the country is re- flected by commercial loans in Canada of $292,315,472 up from $225,- 36,860, an increase for the year of over $66,000,000, At the same time current loans elsewhere than in Can- ada are down to $145422394, from $153,411,835. Of equal importance is the man- ner in which savings deposits con- tinue to expand, deposits bearing in- terest having now gained to $523,651,- 908 up from $514,562,219 a year ago. Record ings A new high record for earnings has been set. Profits for the year amounted to $5,881,253, as compared with $5,370,145 in the previous year. The profits, added to the amount carried forward from the previous year, brought the total amount avail- able for distribution up to $7,691,085. This was applied as follows: divi- dends and bonus $4,200,000; transfer red to officers' pension fund $200,000 ;: appropriation for bank premises $400,- 000; reserve for Dominion Govern- ment taxes $530,000; leaving a bal ance to be carried forward of $2,361,- 085, as against $1,809,83) at the end of the previous year, A record disclosing such unusual srength and reserves, should be es- | pecially gratifying to shareholders | and the public generally, As is well- | known, the Royal has important of- fices and connections in all the prin- cipal banking centres of the world | and such a satisfactory report will be taken as evidence of the sound- ness of Canada's position. i The principal accounts, with com- | parisons with those of the previous | year, show as follows: | 1928 1927 $909,395,884 894,663,903 180,321,670 183,651,551 523,651,908 514,562,219 439,962,619 381,190,498 101,988,557 104,603,607 16,640,108 senses 56,265,327 sense . 43,646,421 5,881,253 | | | 15,890,65 53,338,78/ 97,949,240 5,370,145 RADIO CONFERENCE AT OTTAWA JAN.9 Representatives from Four Foreign Countries Are Invited Ottawa, Dec. 28--It was announ- ced at the Marine Department yes- terday that arrangements are undegd way for the re-assembling of the short-wave radio conference that met in Washington last August. The next meeting is to be in Ottawa on Jan. 9, and in addition to delegates from the United States representa- tives have been invited from Mexico, Cuba and Newfoundland. Meanwhile a despatch from Wash- mitted and the case was therefor adjourned. J. E. Anderson, wu. Lindsay, is acting for the plain while A. G. . Browning, of Whitby, is defending the Bo pal corporation. A number of Cannington citizens, including Reeve Adam Dobson, were present in court yesterday. : ington today indicates that the Fed eral Radio Commission of the Uni- ted States is making plans to allo- cate most of the short-wave chan- nels available on the North American Continent to stations in the United States. If this is confirmed, it means that the United States proposes to "hog" already hogs the channels in the up- per band for its several hundred commercial broadcasting stations, leaving only about half a dozen ex- clusive channels for Canada. Agreement ls Sought The Marine Department of Can- ada, which has supervision over broadcasting in the Dominion, de- clined today to comment on the Washington press despatch, in the absence of official advices fron. the United States Capital, beyond obscry- ing that of the 639 channels in the short-wave band two-thirds are auth- orized under the International con- vention for ship-to-shore aircraft, amateur and other common services, and that the main purpose of the Ottawa conference will be to endea- vor to reach an agreement in regard to a division of remaining channels which are available for point-to- point service in North America. | It is hoped that the Canadian offi- cials will not consent to the United States appropriating an unequal share of short-wave channels -- L Attention! All Retail Sales of Flour, Feeds, Grain Seeds and other lines carried in stock, after December 31st, will be for cash only at all branches. The satier lids beso gon to theroudtlly with many of out Cusiomess sud we believe it will be mors satisfasiory 10 do business on a CASH BASIS. We would ask your co-operation in this change of Terms as we fully believe we can render you better service and closer prices. All accounts will be rendered 31st of December and interest at 7¢¢ per annum added from that date on any accounts unpaid. Soliciting your continued patronage and assuring you of our best services. NEW REDUCED CASH PRICES WILL BE IN EFFECT AT ALL BRANCHES JANUARY 1ST, 1929. HOGG & LYTLE LIMITED CHURCH STREET PHONE 203 the short-wave chennels, as it [3 HOSIERY, MARVEL PURE THREAD SILK TO THE TOP. ALL THE NEW SHADES IN CHIFFON AND SER- 95 c VICE WEIGHT. ........... OR CONTOUR HEELS PAIR . ses eee ORIENT, FULL FASHIONED HOSIERY IN ALL THE NEW SHADES WITH SQUARE 81 50 . $2.00 STORE - WIDE VALUES AGNEW-SURPASS opened their 30th Store in Oshawa last Thursday. The public, realizing that this chain of Shoe Stores that stretch from Windsor to Quebec City can offer better values, hundreds of people visited this store in the past week, All went away knowing that at last they can buy BETTER SHOES FOR LESS. Follow the Wise Shoe-Buyers TO Men's Oxfords "Black or Tan in the Season's Newe st Models $3.85 $4.85 RUBBERS Men's - 85¢ Boys' 80c Youths' 75¢ 'Misses' 70c Agnew Surpass' New Store That is the reason for the existence ot chain stores. By buying through our Cen- tral Buying Office, we have a purchasing power that enables us to sell you shoes, quality considered, as low as the largest retail and mail order houses in America, and 'the assortment is much grea er. Then, too, our customers have the advantage of personally selecting his or her wants, In introducing this modern method of merchandising footwear for the whole family, may we especially stress this fact that better shees than those sold by Age new-Surpass Stores are nowhere sold for such low prices, We ask you to | | | See Our Goods and Compare . Our Prices We especially invite yon to attend this, our 30th s ore, and join with us in making this another step forward in Oshawa"s commercial institution, AGNEW-SURPASS SHOE STORES. Ladies' Patent One Strap i Values up to $3.50 $1.89 Gaytees In all Shades "We are sorry that we could not serve e seryone the way we would like t have done in the past week, but our Sales Staff vas not sufficient to cope with the crowds that came with our Openi-2 £ in the future we can give Letter service. MAY WE SERVE YOU? MEN'S OXFORDS Black or Tan in the better grades at 6 °7 °8 *9 Ladies' Hockey Shoes Sizes 2153 to 8. new snappy styles. $3.15 and $3.65 }$2.65 and $3.15 45¢ 0 $1.00 Buy '"Factory-to Foot" shoes and save Money at this store Agnew - Surpass 23; Simcoe St. South Oshawa - Fhone 3057 Women's Orthopedic Oxfords and Straps. Built in arch support. From $3.85 up MEN'S SOCKS Jaeger and Monarch. All Boys' Hockey Shoes Sizes 1 to 5 1-2 cle. Our szles force is larger and Misses' and Children's 3 Buckle overshgces First quality at $175 al $1%