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AJAX AND DISTRICT NEWS John Mills, Representative Phone Ajax 426 AJAX POST OFFICE STAFF KEPT BUSY The above two photos show the staff of the Ajax Post Office al- most overwhelmed with the ex- traordinary quantity of parcels | and Christmas mail which | flooded the office early this week | and which made the employment of extra staff necessary to handle the rush of the Christmas season. Photos by John Mills. ¥ 3 Ld 'NEWEST STORE TO BE OPENED IN AJAX The above photo shows the in- terior of Sheathers Hardware, the idly developing Shopping Centre at Ajax. The store opened on De- newest store to open in the rap- | cember 19, in time for the Christ- mas season. Mrs. Sheather is shown in the foreground. 4 '--Photo by John Mills OOP SCOUTS EijOY CHRISTMAS PARTY FIRST Ajax 1st Troop, Boy Scouts en- joyed a Christmas Party in Ro- tary Hall. The ".,s brought their girl friends and the evening was spent in games, carol singing and square dancing, followed by a re- past of hot dogs and ice cream. Head table, left to right, W. Weir, ce bl Assistant Scout' Master; D. Oland, Scout Master; Mrs. Oland, hostess; N. Ellis, Mrs. N. Ellis and J. Marsh, Hosts. . --Photo by John Mills AJAX ROVER SCOUTS PLAN FOR CHRISTMAS . .Ajax Rover Scouts have been ' spending many evenings in col- 'lecting and repairing toys which will be distributed to some less fortunate children in Ajax. Left to right, Douglas Cardoza, Rover Leader; Assistant Leader, Gordon Moodey; Assistant Cub Master G. Moodey, Junior; Cub Master, Louis Zammitt. =Photo by Jobn Mills In AJAX -- (Times-Gazette Staff Reporter) -- The executive offic- ers of the newly organized Ajax Lions Club held their first official meeting on Tuesday evening with President Paul Corbett in the chair. The chief items of business were the setting of regular meet- ing dates, choosing committees and setting the date for Charter night. The following decisions were ar- rived, at subject to approval by club members. The regular meet- ings will be at Arbor Lodge on the second and fourth Wednesday ev- ening at 6.30 p.m. and each will be a dinner meeting, starting the second Wednesday in January. President Corbett issues a cor- Club members now resident in Ajax to these meetings. Further in. formation. can be obtained from dial invitation to all former Lions' | Reed Newly-Organized Club Officers Discuss Plans the President at 18 Maple Street, 574J ht will be Held on Ap! 23, 1954 and the sponsors of the new club are the Oshawa Lions. : Mr. Corbett, in speaking of the new club said that it would be distinctly a service club in word and deed, and that all funds rais- ed for service projects would be held in trust and after regular audit, a financial statement would be released showing receipts and disbursements. The club has several Sojects in mind that will help m e Ajax a better community and more in- formation will be released on these when plans mature. Committee Chairmen are, Chas. , membership; Bob Gordon, publicity; Lloyd Landry, Atten- dance; Charter night special com- mittee, Joe D: Ir, IODE Chapters Christmas Party AJAX -- The Ajax-Varsity Chap- ter IODE held its annual Christ- mas party at the home of Mrs. Fran Conant. Present Were the Hona ent, Mrs. C. E. Olive; Regent, rs. Hope Fairly, 19 members, eight new members and one guest. An attractively laden table was a beautiful sight. All enjoyed the turkey dinner. Eight new members were wel- comed into the chapter and pre- sented with badges and constitu- tions. The door prize was won by Mrs. C. E. Olive. Interesting games were played. The evening ended, too soon and with reluctance guests left with pleasant memories of an enjoyable evening? Re-Appointed To School Board AJAX -- The Ajax Public School Board has confirmed the re-ap- pointment of W. David Claringbold to the Ajax and Pickering District High School Board. Re- | Mr. Claringbold has represented Ajax on this board since Ajax be- Trophies To Be Presented AJAX (Times-Gazette Staff Re- orter) -- In Rotary Hall tonight ednesday, at 8 p.m. the Pee Wee baseball members who were final- ists in the OBA playoffs will be pre- sented with jackets and crests to commemorate their achievement in reaching the finals: Trophies will also be presented to the winners of the track and field events which were run off on Coronation Day. There has been considerable de- lay in obtaining these particular trophies. The originals were en- graved with the wrong definitions. he matter has now been cleared and the trophies are ready for presentation. All winners have been notified and are expected at Rotary Hall with their friends and par- ents. 'The preentations of both trophies and crests to the ball team are not Christmas subjects, but now is a very good time when everyone seems to be in the spirit of giving. Refreshments will be served and a program has been arranged to provide some good entertaimment. came an Improvement District and has given faithful service all through his term of office. WASHINGTON (AP)--Arthur H. Dean, who tried vainly for seven weeks to arrange a Korean peace conference wil the Reds, has urged the American people to match Communist stalling with patience and hope. North Korea politically and eco- nomically integrated ' into their own economy," he told a television and radio audience Monday night. "The outlook is discouraging but by no means hopeless. ere is no easy, pat solution. It will take all the brains, energy, resolution and patience at our command." The special ambassador spoke in a report to the.people on the Panmunjom talks from: which he walked out 11 days ago after the Reds accused the United -States of "perfidy." He said the Communist negotia- tors aimed for a long-drawn-out session in the hope Americans would lose patience and, through public opinion, force a settlement on Red terrns. "The meat of the cocoanut" pe "I do believe the Chinese Com- | munists are determined to keep | holding up the talks, he said, is Dean Thinks Reds In Korea To Stay Communist insistence on including five countries, including India and Russa, as neutrals at the pro- posed Korean .peace conference. NO MORE SHOOTING He said the Reds sought to drive a wedge between the United States and India by creating an impress.on that the U.S. "does not like India." Dean said he is sure that, even if no peace conference is ar- ranged, there will be no shooting again in Korea. The Reds did not want it be- cause they '"'took a terrific beat- ing," and both the United Nations Allies and South Korea, which had threatened to go it alone, were determined to abide by the ar- mistice agreement. Dean's public report came after he met at the ite House with President Eisenhower and after he talked with the ambassadors of the 16 other countries which' fought in Korea, including Canada's A.D.P. Heeney. '"We stopped the tide and time- table of Red aggression," was the way he summed up the results of the UN stand. . Notable gains in all departments of the bank's business are revealed | in- the annual statement of The Royal Bank of Canada issued to- day, new high records in the field of Canadian banking having been achieved under several significant headings. Covering the twelve months' period ending November point for Canadian banks and an also substantially higher and total loans for the first time have pass- ed the billion dollar mark. Profits for the year are higher, rmitting a further transfer ,000,000 to the Reserve Fund. This is the fourth consecutive year in which transfers have been made. The Reserve Fund has been fur- ther increased by the transfer of $12,000,000 from the bank's Con- tingency Reserves. With these ad- ditions the Reserve Fund now stands at $70,000,000, representing an increase in that fund of $15,- 000,000 as compared with a year ago. . than the record figures of 1952, and have now reached the impressive total of $2,734,644,077. Interest-bear- ing deposits by the public again increased substantially and now total $1,234,884,944, highest in the history of the bank. Public de- osits not bearing interest rose by $54,897 118 and now total $1,240,- 424,365. Total loans are shown at $1,144,- 146,223 an increase of $161,968,307 for the year. This increase is large- ly accounted for by the heavy volume of commercial loans in Canada, which increased by more than $105 million, to reach a total of $824,467,516. Call and short loans in Canada and elsewhere increas- ed by $52,450,039. . Indicative of the Royal Bank's traditional strength are cash assets of $600,920,111, representing 21.56 per cent of the bank's liabilities to the public; liquid assets amounting per cent of the bank's public liabi- ities. Profits for the year amounted to $18,952,608. From this amount $1, 365,472 has been set aside for de- preciation of bank premisés and $8,952,000 for income taxes. After the above deductions net profit was $8,635,136 as compared with $7.- 129,085 in 1952. Out of net profits 30th, the balance sheet shows as-| sets of $2,895,856,189, a new high increase of $204,399,315 over the previous year's total. Deposits are Deposits are $207,133,640 higher | to $1,823,643,607 are equal to 65.42 | $4,200,000 was paid in regular di- vidends and $700,000 as am extva 1 Royal Bank Has Record Year -- Assets Hit Peak distribution to shareholders, leav- ing $3,735,136 to be carried for- ward. From the resulting balance of $4,515,375 in the Profit and Loss account $3,000,000 has been trans- ferred to the bank's Reserve Fund leaving a balance of $1,515,375 My Favourite Christmas Recipe City Rallies Around Widow KITCHENER (CP)--Mrs. Rose Watson expected a dismal Christ- mas season. Instead she and her two small children will enjoy a warm celebration, blessed with the best wishes of Kitchener residents. Two months ago Mr. Watson, a wounded pensioner, was killed in a level-crossing accident. His THE DAILY TIMES-GAZETTE, Wednesday, December 28, 1953 ¥ pension ended and there was no estate. | Despite poor health, Mrs. Wat- son, inelig for either civic re- lief or provincial mothers' allow- ance, took a job in a factory to earn money -for her daughters, Nancy, 5, and Sandra, 8. A report of the situation in a Kitchener pevEpaper has brought a flood of contributions of food, clothing and money. More than $1,000 has been contributed to til Mrs. Watson 'becomes eligible for mother's allowance in a few months. PM ON HOLIDAY OTTAWA (CP)--Prime Minister St. Laurent left Ottawa Tuesday for Quebec City where he will spend Christmas with his family. Trade Minister Howe will be act- ing prime minister. The prime ister is scheduled to return to provide security for the family un- Ottawa Jan, 4. ASSETS ing market value of credit . LIABILITIES Deposits + Other liabilities . Capel .... Reserve Fund . . PROFIT AND Notes in circulation Dividends payable . . Balance of Profit and Loss Account . Dividends at the rate of $1.20 per share : : Extra distribution at the rate of 20¢ per share JAMES MUIR, President 30th November, 1953 Sh sh SE a TR RE Se Te iY Other bonds and stocks, not exceeding market value Call and short loans, fully secured Total quick assets . . . « « +. © 4 4 0 8s 8 8 0 8 es 8 0 8 se es Otherassers ©... Ls". i. Jaan, © eo 8 0 0.0 0 0 0 0 0 ® 8 8 ss. 0 0 0 8 0 0s se Acceptances and letters of credit outstanding Total Kabilities to the public sso 0 0 8 0 8 0 0 5 + es 0 ss 0 es 0 LOSS ACCOUNT Profits for the year ended 30th November, 1953, after maki appropriations to Contingency Reserves, out of which provision for bad and doubtful debts has been made Provision for depreciation of bank premises . Provision for income taxes si siais eiaies ® eo 5 + 6 0 + 8 8 ss ss 8» ET THE ROYAL BANK OF CANADA General Statement Notes of and deposits with Bank of Canada . . . . $§ 226,402,343.82 Other cash and bank balances . . Notes of and cheques on other banks . . . . . . . Government and other public securities, not exceed- 181,033,444.16 193,484,323.76 : 972,141,264.96 101,301,756.80 149,280,473.79 $1,823,643,607.29 Other loans and discounts, after full provision for bad and doubtful debts Bank premises . . . Liabilities of customers under acceptances and letters . 994,865,750.13 20,871,991.94 $1,213,786.7% 5,261,053.05 $2,895,856,189.16 Som ------------ 83,335.04 2,734,644,076.93 51,213,786.75 1,615,814.82 $2,787,557,013.54 35,000,000.00 70,000,000.00 1,783,800.83 1,515,374.79 $2,895,856,189.16 Ss EU $ $18,952,608.56 1,365,472.39 $17,587,136.17 H 8,952,000.00 $ 8,635,136.17 $ 4,200,000.00 700,000.00 4,900,000.00 Amount carried forward : 3 : : Balance of Profit and Loss Account, 29th November, 1952 Transferred to Reserve Fund Balance of Profit and Loss Account, 30th November, 1953 vee §3,735136.17 780,238.62 $ 4,515,374.79 3,000,000.00 i $ 1,515,374.79 ran T. H. ATKINSON, General Manager by JOE KROL Canada's ouvistanding Football Star Twice winner of the Lou 'round athlete, wearer of many other athletic laurels, Cup championship Canada's all-time football * Hamilton-born "King"' Krol. member of six Grey teams, hailed as t", is ow with fifteen years in Canadian senior football behind him, Joe has retired from the and, since 1945, game. During his scintillating career, he played on championship teams for, Western University, Hamilton Wildcats Toronto Argos. A keen man, top, with a saucepan, Joe carries all his football verve and dash into his recipe for English Bread Sauce --the winning touch for any Christmas dinner! ENGLISH BREAD SAUCE 4 la Joe Krol 2 cups fine bread crumbs 2 medium onion, chopped fine 1 teaspoon sage Va teaspoon salt Dash of pepper 1 tablespoon butter 1 cup milk Flour for thickening Cook onion in small amount of water until tender. Add bread crumbs, milk, butter, salt, pepper and sage. Heat and stir. Add hot with turkey. flour to thicken. Serve '