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r royal bank statement sets if ew records as assets cross 25 billion level totml deposits mt l63x3i41 reateh new high point for can adian banking liquid position strong- increased profits offset by hltfier taxes new high records in the field of canadian banking are revealed ir the annual financial statement of the royal bank of canada year ending november 30 the re port shows total assets have now topped the 2 5 billion mark an in crease of 18268866 over the record figure of a year ago deposits have also reached the highest figure in canadian banking history the tota at the end of the royal banks fiscal year standing at 2350314 347 this increase has occurred despite a reduction in gov ernment deposits of nearly 46 000- 000 interest bearing deposits have also reached a new high level of 1 123723 791 an increase of 19805565 the steady rise of in terest bearing deposits characteris tic of bank statements during the past few years shows a tendency to level off due no doubt to the im pact of heavier taxes and higher living costs demand for commercial loans in canada has continued heavy due to the high level of commercial and industrial activity during the past twelve months this is reflected in an increase of 67122070 under this heading much of this increase oc curred prior to the governments announced policy of credit kestrie- 1 reasons cjreetines i ila an6 good wishes jf 8 i jvt for the new year 1 stanley l hall i i l 1 1 heres one christmas present fl its not too late to give i p 1 i i 1 i 1 i 1 1 1 1 1 1 1 1 1 1 4cw7inad eal perhaps in the rush of christmas shopping you forgot the letter from halton tuberculosis and health association which came in your mail if you did and you still want to give leave your donation at the bank of commerce georgetown or at the herald office with walter biehn georgetown representative on the association every dollar is needed for next years important work i 1 i 1 1 1 i i i 1 1 uv space contributed in the service of the community by johft labatt limited tion in february call loans in canada standing at 21191846 are down by 31347547 the liquid pos ition of the bank continues very strong cash assets total 488057439 which is equal to 20 per cen of all the jbanks public liabilities liquid asels amount to 2 624599059 equi valent to 66 96 per cent of the banks liabilities to the public included in the banks liquid assets are domin ion and provincial government sec- ities totalling 836209958 ank premises accoojrhjias increa sed from 1706874 to 40508 774 due to the banks continued program of branch building and improve ment during the year major im provements and extensions were completed at a number of branch points for the better accommodation of the banks steadily increasing clientele and staff and for increased e fficjency profits are higher after the us ual deductions for contingency re serves and the staff pension fund total profits amounted to 12983064 as compared with 11 845 118 for the previous year of this amount 5276 000 wis reserved for domin ion and provincial taxes an increase of 1 264c0oo in addition 1400949 was set aside for depreciation of bank premises after tihe above deductions thelnet profit was 636 115 as compagd with 6559 725 in 1950 out of net profits 4 200000 was paid in divioens which includes an extra distribution this year of 20c per share and 2106 115 carried for ward to profit and loss account resulting in a balance of 3026154 from this amount 2000000 has been transferred to the banks re serve fund which now stands at 52 000 000 lowing a balance of 1 026 154 in th profit and loss count bowling club theatre o assessments discussed witfl joseph gibbons georgetown assessment commissioner presiding the county assessors association held a meeting in nelson townshjp hall last week percy spurgeon oakvule was elected president to succeed mr gibbons next year and frank crump was elected secretary the assessors met in the morning and continued their session in the afternoon after dinner at the estamlnet chief topic for discussion was the assessment value of bowling alleys and theatres and varied viewpoints were expres sed v t a tagged rainbow trout was caught recently in lake michigan and it has travelled 400 miles in six months i y the georgetown jlerald wednesday dec 26th 1 95 f io i i 1952 greetings g from 1 i i kenjvicivlillan 1 i 1 jv farm machinery j sales and service georgetown t rm nfws canadian bred houteins top michigan cattle sale the dispersal sale of the formar herd of purebred holstems owned t r b merkley flint mich is of particular interest to canadian breeders because of the large per centage of animals of canadian bloodlines in the herd the top price of 1000 uas paid by henry bartel hastings minn for franlo treasure chieftain the yearling sire this bull is of canadian breed ing on both sides his paternal grand dam being browns mistress cor- rinc bred by brown corp la tuque quebec and a consistent win ner at the top shows of the contin ent while the maternal grand dam is montvic chieftain abbekerk bred by mount vicoria farms and re serve grand champion and best- uddercd femal at the waterloo iowa dairy cattle congress in 1942 she is the dam of the noted extra sim montvic monogram the mat ernal grand sire is emperor of mount victoria used in the mount viqtoi la herd at hudson heights quebec and in the held of c e d greene agincourt the second highest price of the ilc w is 2 100 paid by k 1 cham- beilain romeo mich foi the six voai old iiii ioidholm cornucopia betty hc was bred by emerson foul hoinby third highest price of 2225 was paid by ufkefield farms i larkston mich for a four var old daugntci of knymondale idcad successor bled by raymondale kims vnudreuil quebec still anothci daughlei of raymondale ideal successoi biought 2 000 on the bid of c b smith williamston michigan t a seven year old cow bred at ray- mondvale faim sold for 1700 while a six year old of us breeding biought 2100 two full sisters both granddaughters of the famous mont vic lochinvar brought 1500 and 1100 respectively the 1500 being paid by clayton rohlfs and sons fairgrovc mich for a sevenmonth old heifer calf and the 1100 by wm warren bay city mich for a bred heifer the 67 head biought 50865 for a general average of 759 y y y y y y y y y y y y y y y y y y y 5c to 100 store y main street georgetown meres for a happy new year as we wish our friends throughout the district the compliments of the holiday season bains new years wishes bo all and thanks for patronage during our first year in business cleaves meat market walker cleave main street j phone 255 v y y y y v y y y y y y y y y y y v v v y y y y iiiiiimimii3ii 1 mwnum i i 8 seasons greetings m from the i georgetown 5c to 100 store g i mill street phone 549 incccwmciccm npm 1 rjvvnmmkftsi- may every month of the new year be a good one with a wealth or joy good health and success in store for you all o orgetown dairy main street irwin noble hhhh mlwlwmmrtlmllmrtlm 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