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?EUE8DAY, NOV. 27tb, 1147 TEE CANADTMi STATESMMi. EOWMAXVHLE. ONTABXO PAGE EVEN COURTICE Un. Jack Reid, Oshawa, and Mm. Enoe Taylor, E9benezer, wlth lira. Fred Balson. Bazaar aponsored by 'Ebenezer Berean Ladies class, was a grand success. Everything was disposed of and refreshments were scrvcd. President, Mrs. K. E. Caurtice, oc- cupled Uic chair for the opening, a"d callcd an Mrs. Hopkins who ln company with MEF. Frank Run- dle, Oshawa, spokW few words, as teacher of the clàss, and then declared thc bazaar officiaily op- ened. ]Program given was as fol- lovVs: Young men's quartette, Bill Rundlc, Elmer Down, George and Murray Osborne; young ladies' quartette, Gwen Osborne, Muriel and Jean Down and Marilyn Run- dIe. Miss Lila Osborne and Mrs. Muir Jr. gave readings and Miss Louise Pearce a vocal solo. Pro- ceeds were around $100. Admis- sion was thc size of your waist- Uine, forwhich, you paid anc cent en inch. I Mrs. Leslie Hancock is imprav- Ing fram ber attack o! pheurisy. . Mr. and Mrs. Esli Oke have Poved into their home after seli- lng their f arm ta Mr. Rocko. Sor- ry to report Esli suf!cring from an attack o! shingles. Mrs. Douglas Oke has been with her parents in Oshawa as Mrs. Wrggthas been confined to bcd with Jùmba go. Best rwishes ta Marilyn Rundle, who was chosen as Miss Darling- ton at the dance given by Roy Nichais at Newcastle an Thursday night. She received a lovely gift of a 52-piece set o! Morningstar silver. Young People's Union was en- 'tertained iby Newcastle Union on Monday night. Bowmanville Un- ion, who had charge of devotion- al, were also guests. Ebenezer provided the program. Another monogramed quiît was quilted by several ladies at the. home o! Mrs. Geo. Barber, for the bazaar. Bob and Mrs. Barraball have mnoved to Orono. .Spcedy recovery is hoped for Jean Autil who bad an appendix- operation in Oshawa Hospital. Home and School Euchrc bad six tables in play. Winners were Mrs. Harry Gay, high lady; con-* solation, Mrs. J. Toolcy; higb gent, Ernie Gearing; consolation, Mrs. Clarence Hockin, playing on a gent's ticket. The many relatives and friends were glad to welcome Misses Al- ina and Carlotta Courtice, regis-.- tered nurses from Chicago, who ASPHALT ILE FLOORING Floors ihat endure Easily maîntained Laid sud Finlshed by Expert Workmen With One Year Guarantee. Bad Drinley PHONE 653 Sheppard &GuiI bamber Co. Limiled Phone 715 - Bowmanville ASPHALT - FELT - SHINGLE Brick Siding Eavestroughing FURNA6CEI AND OILDURNERS Cali onunusfor Guasanteed Work DAVIS &GRANT PHONES: 2842 26274 * mnnIre4%t. lb 730 rmonte in mCh hol hovo privle bu*h end mollo. Fwoemovcmons wattsorwtr the mnmpwontmn ai- vmm e aimiidpmt.d m"Vol. are spending a holiday with their sisters, Mru. Blake Courtice, Cour- tice, and Mrs. Chas. Wright, Bow- manville, and brother L. J. Cour- tice, Oshawa. Mrs. Bob Courtice and daugh- ter, Lynda, have returned from Belleville. ManY from here were in at- tendance at the party given by Roy Nichols at Newcastle Com- munity Hall on Thursday night. The bail teams were guests of honor. Royal Winter Fair is being wefl patronized from this district. Sonle who attended are* Bill and Mrs. Bickle and sons, Mrs. Eddra Price, Mrs. Mabel Bennett, Mr. Jay Truli, Norman and Mrs. Grif- f in. W.M.S. MEETING Woman's. Missionary Society met in Ebenezer schoolroom with president, Mrs. A. J. Oke, open- ing the meeting. Mrs. Elton Wer- ry acted as sccretary. A new life member was announced, Miss Es- tella Penfound, made possible by her sister, Mrs. Melville Staples, Orono, in memory o! their par- ents, the late Mr. and Mrs. Simon Penfound. Highlights on the sec- tional meeting at Hampton were given by Mrs. Chas. Found and Mrs. Ross Pearce. The latter in- cluded her report on temperance also. Miss Louise Osborne read a letter from Miss Luchla Rorke written to Mrs. C. W. Slemon in regard ta conditions in Japan and the need of food. Collection was taken for this and Ann Hoit, Mrs. A. J. Oke and Mrs. R. Gay were named a committee ta pack a box o! food. Nominating committee for new slate of officers were:- Mrs. Hopkins, Mrs. Chas. Osborne and Mrs. Chas. Found. Chapter o! Study Book "Great is the Com- pany," dealing with the "Island Keeper o! the Word," was well presented by Mrs. H. F. Osborne. Mrs. Hopkins and Mrs. Alan Down tald o! the work o! Hiriam Bing- ham and son in Hawaian and Gil- bert Islands with the Bible. De- votion period was taken by Miss Ann Holt. Those in charge of meeting were Mrs. H. F. Osborne, Mrs. Frank Worden and Miss Ann Hait. B. T.S. Scouts Prosent Concert At S.A. Hall., Oshawa On Monday evening, Nov. 17, the B.T.S. Scouts journeyed ta Oshawa ta put on their papuhar concert for the fifth time. This time it was at the Salvation Army Hall in Oshawa. The show was under the direction o! Messrs. Bent, French and Cutbbertson. They were welcomed by Len Knight, Executive Commissioner o! Oshawa Boy Scouts; and also by Major Roberta o! the Salva- tion Army. The concert gat underway with ail the -boys singing "lHow do you do Everybody." This was fol- lowed by a "Word a! Wehcome," by A. Smith. Other sangs were: 'Under the Lilac," by everybody; 'Found a Peanutf" A. Smth- 014 Bill Lyceft Wlns lionorsas Leadlng Uife Und.rwrfter Always searching for success 3tories, The Statesman finds i.n he November issue of "The Bull- 2tiri," an attractive magazine is- sued by the Dominion Life A7- surance Company, Waterloo, Ont., mention of the fine record a! a Durham County producer, W. L. (Bill) Lycett, of Bowmanvillc. After 14 ýyears as Principal of Maple Grove School, Bill Lycett resigned to join the Dominion Ag- ency Staff, July 1, 1946. As-e ful W. L. Lycett time representative since that time he is the only anc o! the Cen- tral Ontario Branch to,achieve jhe Honor Roll of the Company every manth during the past ycar. In the meantime Bill attended the Home Office School and in written and oral examinations won the Certifîcate for High Standing. Hîs production carncd him a trip ta Manor Richelieu, Murray Bay, and the Saugenay Tour in the Company's Annual Convention. There he was pre- sented with bis production club pin and shield and Mrs. Lycett who accompanied him was pre- sented wïh a writing set. Recently at the Agency Dinner in Peterboro, the District Mana- ger, Paige Rowell, annaunced that Bill had won the contest for a "written brief" and other awards included a new Stetson bat, the lst contest prize, together with two certificates, Dominion Doorway and Hiliard Club. Mr. Lyeett on caming ta live in Bowmanville, bought the lower part o! the aid Frank farmn includ- ing the residence and barn and somehow finds time to look a! ter bis dairy catthe and do some mar- ket gardening. When askcd the secret o! bis success, Bihl said: "Just bard work with thc main idea o! rendering the finest ser- vice possible." 'fhe Searchlighl Of Publicif y MacDonald Had a Farm,"1 Bill By Lewis Millilgan Duf!y, A. Smith, Bon Newton; 'The sensational charges o!"war- "The Lord is my Shepherd,"1 Billmongering" against the United Dufy, Bon Newton, R. Allott, B. Sae ad ySvetdmgt Fincy; a ango! ingCrobyVisbinsky in the United Nations "sung" by R. Alhott. Other sangs General Assem'bhy recaîl similar sang by everybody were: "Today charges made by Hitler against ig Monday," "EmporoP Napolean," Great Britain before that last "Ham and Eggs," "SociaJilitY," World War. It wihl be rememn- "One Finger, One Thumb," and bered that Hitler, in his periodi- "John Jacob Jingle." cal hysterical outburst, na me d The skits werc very weîl put certain politicians and other lead- on and sanie werc very bumorous. ing men in Britain as "warmon- Sanie o! these were: "The Milky gers." Mr. Vishinsky bas mi- Way," by Bill Duffy, Ron New- micked the German dictatar by ton and audience; "Cackling Con- naming Americans wbo bave in- -test, "Mr. Bent and audience; sisted upon a firm stand against "Telephone Line," D. Eversan and the duplicity and aggression o! B. Finncy; "Oscar the Trained the Soviet and its domination o! Flea," Ron Newton, Bill Duffy; the Unite.à Nations byv means o! "Hat," M. Bet ad auienc. 'the veto. "Ras,"Mr.Ben an auiene. Lloyd George was anc o! the Other bits on thc program were first ta call upon the British Gov- imitations by R. Allott, trumpet ernment to "Stand up ta the dic- solo by Don Christie and the hast tators!" Hitler hated Winston item o! the concert was "The Churchill for bis persistent efforts Boys o! B.T.S.," their school sang. in parlaiment and out ta awaken 0'Canada was sung and the boys the Government and the people werc thankcd by Len Knight and o! Britain ta the grawing menace Major Roberts. of Nazi Germany. Thýe fuebrer A collection was taken for the furioushy denounced Mr. Churchill benefit o! the Salvation Army as a "warmunger." If there had Troop under Mr. D. Byrant. been a few simihar "warmongers" The ladies served lunch and at that time in high position in werc thanked by Ran Newton in the United States, there would his usual capable manner. have been no Second World War. But Churchill was a voice crying in the wilderness. AID PROSPECT4VE MOTHERS The situation is very diffirent taday. The United States gav- fMany o! Ontario's expectant ernment and the Amenican people mothers in the past year bave ta- are fully awake ta the Hithenian 'ken advantage o! recent legisha- tactics and propaganda o! the Sa- tion which enables them ta bave viet. Hitler did flot want a world ane pre-natal examination free o! war, neither does Stalin today. charge. The angry outburst of Vishinsky is a case o! chagrin et being de- The legishation was brought in- tected and exposed in a vintual ta effect on Oct. 1, 1946, unden annexation of accupied territary the administration o! the Depant- and the renewal o! Communist ment o! Rcalth. It is hoped that fi!th-column movement for "wor- this service will encourage an ex- hd revohution." pectant mother ta seek medicah Mr. Vishinsky is quite correct advicc early, thereby guarding in accusing Americans o! propa- the heahth of mother and child. ganda, but it wouhd be more cor- Earhy medical cane leads ta the recthy termed caunter-propagan- prevention o! maternai and in- da. It is the propaganda o! the fant deaths. O! the. 44,851 pros- searchlight. "Men love darkness pective niothers who took advan- rather than light, because their tage o! this service during the deeds are evil," and the Russian first year, a great perîentage o! leaders are writhing and squeal- thcm arc bclieved ta Ihave been ing unden the glane o! publicity. influenccd ta continue with regu- The seanchlight has penetrated the lar examinations. In 1946, the screen that has been thrown a- number o! ive births was 93,809. round Eastern Europe since the - close of the war, reveal.ing the ruthless extermination o! national 20-LB. SUGAR G»7TS TO leaders who dare ta oppose or ut- U.K. PERMITTED ter a word against Soviet plans for the creation o! puppet states Shipments of 20-pound cartons which are cventually ta be ab- o! sugar ta persans rcsiding in the sorbed in the Rusian Ethpire. U.K. is permissable now that sug- Poland, Bulgaria, Raumania, ar rationing bas cndcd in Canada. Hungary and Yugoshavia have al Post Office officiais point out that been brought into subjection ta regular customs forms must be the Soviet. They are .termed filled out before the sugar is dis- "democracies o! a special nature," patched averseas, and that recipi- but they are only transitional on ents of 20-lb. shipments must pay the way ta complete absorption. approximately 80 cents duty on Czechaslovakia is the only coun- the gi!ts. Paymcnt of the duty, try within the Russian encircle- howver lsexpcte tobe pla-ment that is not completely sub- sure for most Britishers, who arc jected oCmuitsprson b ut even that country ia under allowcd a weekly ration o! only 8 Soviet dictatorship in regard ta Repots so ta .f si-international affairs. Repots sow tat g!t sip- When it is recalled that Britain, ment s will have no effect on Can- Canada and the rest o! thç Com- ada's abundant supply picture. monwealtii went to war la th. first place in fulflIment\of a pledge to protect Poland agalnst- any aggrdssor, the present domination o! that country by YTtussia lsaa plece cf traglc irony. Poland was rescqed from the grasp of Ger- many only to be swallowed by the Soviet Union, lvhich Britain and the United States helqptd to save from the dominaton of Ger- many! Thdse' are facts that can4wt be denied, and w *-r. Vishinsky sought taoh i a smokc- screen of ahbalsificatiQn against the IL .ates. Such tactici are flot .*.i cunning. To the Western mind they are chilci- ish, and the curious thing is that a man of Mr. Vis hinrsky's apparent intelligence shouki think they could fool anybody. .But it is the way o! ahi dictators ta resort to bombast whcn theit, ambitious plans arc thwartcd. The purpose is ta scare their epponents into submlission. But the lntensity of Mr. Viahlnsky's tirade only served to stilTen the backs of his oppo- nents and ta rouse Hector MeNeil, the British delegate, ta a reply that dçmoished the «Iran cur- Port Perr Man Pays $60OOO Bâck Taxes Murreil Goo'de, Port Perry, bat- tling works %roprietor, who plead- cd guilty ta a charge of attempt- ing ta evade payment of taxes ta- talling $30,000, was fined $100 and costs and ordered ta pay $60,000 ta the department of national rev- enue within 18 months or face a sentence of six months. The defaults werc sales, excise and bottie taxes, Magistrate'Frank Ebbs was told. izer. At Ottawa, when a macler- ment, ta test the value of 600 Somn.Suggstilons On Making Pasture Puy (Experimental Farm News) There are many pasture areas in Eastern Canada that because o! their topography, iack o! adequate drainage, location, or sanie other reasan, have been allawcd to re- main in pasture almnost indefinite- ly. The fertility o! these aid pas- turcs has gradually decdined and wceds have replaccd the better pasture plants. Extensive fertilizer trails, con- ductcd over Uice ,ast years by the Field Husbandry Division, Cen- tral Experimental Farm, Ottawa, says S. M. Donaldson, Assistant, Pasture Investigations, have prav- cd that pasture production can be încreased economlcally by the ju- diciaus use o! commercial fertil- ate application of fertilizer, con- sisting of 100 pounds of suiphate of ammonia annually, plus 300 pounds of superphosphate and 75 pounds of potash every four ycars, was used, the return over cost o! fertilizer was $8.32 as comparcd with $8.00 on the check. The in- crease in yield of grass in this case was 42 per cent and the car- rying capacity increascd by 38 per cent. When the rate was in- creased to 200 pounds of suiphate o! amMonia annually and 450 pounds of superphosphate and 100 pounds o! potash evcry four years, there was an increase of 60 per cent in grass produced, with a corresponding increase in carry- ing capacity, but the return a! ter paying for the fertilizer was $7.06 which ia 84 cents less than on the check. Results o! a more recent experi- pounds of superphosph;t. .very three years as compared wlth -a complete fertilizer made up of 100 pounds of suiphate of anion4ti annually and 600 pounde of super- phosphate and 100 pounds of pot- ash every three years, are even more striking. Over an eight year period, the superphosphate treat- ment has increased grass produc- tion 75 per cent and the carrylng capacity 58 per cent, with a retura over cost of fertilization of $28.71 per acre as comparcd with a re- turn of $19.50 from the check. The complete fertilizer gave a 65 per cent increase ln grass, a 50 per cent greater carrying capacity, and a return of $24.04. On the basis of investmnent in fertilizer, each dollar spent on superphos- phate returned $5.02 and on the complcte fertilizer $1.83. THIS BILLION-.DOLLAR STORY Everywhere in Canada - in villages, towns, metro- politan centres - you can find theni. They are the people - 1, 500,000 strong - in every walk of life who are building their futures and doing their day-to- day financing by saving or borrowing at the Bank of Montreal. Every member of this B of M family bas a - band in building the resources of the Bank while -he builds bis own future. These resources, which amount to nearly two billion dollars, exist almost entirely because of the balances these people can show you in their B of M passbooks. This money does flot stand idle . .. it works constantly for tbe building of tbe nation. Here is the money that makes the wheels of commerce turfi ... that belps the farmer garner bis crops ... that helps the lumberman buy equipment and pay bis men. Here are the dollars that enable the Bank to make more than 500 personal loans every business day of the year to men and women wbo need money WNAT THE B of M MAS TO MEET ITS OBLIGATIONS: CASH: The B of M lias cash in its vaults andznoney .L on deposit with the tanik of Canada amounting ta . MOHE>' in the form of notes of, cheques on, and deposits with other banks...... .. . . INVESTMEHTS: The B cf M fias close ta ane billion dollars invcsted in high-grade govertment bonds and other public securities, which have a ready mar- ket. Listed on the Bank's books at a figure noi greaer than their market value, they amount ta o The B of M has other bonds, debentures'and stocks, representing ta some extent the. extension of credit ta industrial enterprises for reconversion and for expansion of productive facilities in established fields. Valued Bt no moro ihan the market pri cs, they amount ta...... . ...... CALL LOA NS: The B of M bias cal bans which are fully protected by quickly saleable securities. These loans amaunt ta....... . . .. .. . . QUICKLY AVAILAILE RESOURCES: The resources listed above, ail of whiclî can quickly be turned into cash, caver 78.79% of al that the Bank owes ta the public. These "quick assets" amount ta LOA NS: During the year, many millions of dollars have bheen lent ta business and industrial enterprises for production of every kind, including housing and construction - ta farmers, fishermen, lumbernien and ranchers -ta citizens in aIl walks of life, and to Provincial and Municipal Governments and School Districts. These boans now amount ta .. . . RANK IUILDINGS: In hanilets, villages, towns and large cities from caast ta coast the Bocf M serves its custoniers at ma.re than 500 offices. The value of the buildings owned by the Bank, togeth,- with furniture and equipment, is shown on its books at. OTHER ASSETS: These cbiefly represent liabilities cf customers fot commitments made by the Banik on their behaîf, covering foreign and domnestic trade transactions........... . .. .. .. $203,696,837.69 136,768,245.65 957,888,826.81 96,866,538.42 36,807,209.71 $1,432,027,658.28 421,704,063.46 13,276,623.00 ii! 31,396,960 .45 JOTAL RESOURCES WHICH THE Bocf M RAS TO MEET ITS OBLIGATIONS . .ee..$1»88,405,305.19 Here is the crédit that provides thousands of business enter. prises - from the largest company to the smallest one-man ehow - with the ready money tbey need to bu>' raw materials for manufacture, to pay wages while awaiting returns from the sale of linished goods, and to carry out plans for expansion. To citizens on salaries ... to farmers with seasonal incomes *.to merchants, manufacturers and businessmen in every worthwile line'of endeavour ... to muni- cipalities, school boards and governments . . . to à churches, bospitals and ahl types of public institutions . .0 bundreds of millions of dollars are being lent by B of M managers at more tban 500 branches from the Atlantic to the Pacific. Tbese millions of transactions add up to a billion-dollar story that makes interesting reading - flot so much on account of the :figures involved, but because of the buman stories behind theni. WMAT TUE B of M OWES TO OTHERS: DEPOSITS: While many business firms, manufacturera, merchants, farmers and people in every type cf busi- ness bave large deposits with thie B of M, the bulk of *the money on deposit with the Batik is the savings cf more than a million private citizens. Thie total ofall deposits is . a* ae'* a a a . a BANKf NOTES: B of M bills in circulation, which are payable on presentation, amount ta o OTHER LIAIILITIES.. Miscellaneous items, represent- ing mainly commitments undertaken by the Bank on behaîf of customers in their foreign and d4omestic trade transactions. q. . . . . . $1,783,441,6<7.3j 4,783,548.00 TOTAL 0F WHAT THE B of M OWES ITS DEPOSITORS AND OTHERS *. . . .. .. .. .. ..1,817,325,734.09 TO PAY ALL IT OWES,' THE B of M HAS TOTAL RE- SOURCES, AS SHOWN ON THE LEFT SIDE 0F THIS STATEMEbnT AMOUNTING TO..........1,898,405,305.19 WHICH MEANS THAT THE B of M HAS RESOURCES, OVER AND ÀBOVE WHAT IT OWES, AMOUNTING TO $ 81079,571.10 This figure of $81,079,571.10 is made up of maney subscribcd by the shareholders and, ta some extent, of profits whîch have frorn time ta time been ploughed back into the business ta broaden the Bank's services and ta give sdded protection for the depositors. EARNINGS -After paying aIl overhead expenses, including staff salaries, bonuses and contributions ta the Pension Fund, and after making provision for contingencies, and for depreciation cf Banik premises, furnuture and equipment, the B of M reports earnings for the twelve months ended October 3lst, 1947, of. . . Provision for Dominion Incarne and Excess Profits Taxes and *Provincial Taxes . '. . . . * ,6 a .* Leaving Net Earnings of . . . . . . . . * 9,579,285.» 54,283oo.»o This amount was distributed as follows: Dividends ta Shareholders . -. . e .* * 0* 3,a0Oa$ Balance ta Profit and Loss Account . 6 0 . . . . 1,823,285.29 DofM EARNINGS ON THE SHAREHOLDERS' INVESTMENT AND HOW THEY WERE On ecd dollar of the sbarehoîders' maney invested in the Banik cf Mornreal, the Banik earned 11.81 cents in 1947. To TAXES .. 5.. .12.ucents To SHAREHOLDERS s., 4.43 cents To SURPLus . e 6 ** 2.26 cente J3ANK 0 F MNRÀ e4~4d'4 MU4dtà<eW 0OR KING WITI- CANADIANS IN EVERY WALK 0F LIFE FOR 130 YEARS I Tan CANADIM STATESMAN, BOWMANVIIM, ONTARIO 'TEUPMAT, NOV. 27th, 1941 PAGI sz7m 9 29,100,538.78 a