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THURSDAY, MA~CH 241h, 1949 THE CANADIAN STATESMAN. DOWMANV!LLE. ONTARIO PA~V. VIVE Cà.Plowmen Hol Aller Enjoyable Ti Aboard the Queen Mary - By the Urne you wiUl be reading this letter the boys and I will be home-that is ail of us except Wilbert McFaddin, the Salada silver medalist, who decided to remain in England a few extra weeks. We are very glad to re- lax on this luxurious liner be- cause frorn the moment we land- cd in England, nearly six weeks ago, until now we have been constantly on the "go". The boat trips, going and returning, have given us our only moments of leisure - providing one was &seasick. ,p eaking of seasickness re- minds me of a story I heard years agQ but which is stili timely. A young fellow on a certain ship was selling subscriptions to the magazine "Atlantic Monthly". Me SWEET CAPORAL CIGARETTES I AC for safisfacfion reasonable prices Brlng Your Watch To Us ALL WATCH REPAIRS GUARANTEED For One Year MAINSPRINGS INCLUDED MIARR'S JEWELLERY BOW31ANVILLE 43 King St. W. Phone 463 Smaulfrl, arc safe on I.aý, R,,9c , ON LONG POINT This 30-mile pont jits into the warmn iators of I.ake Erie just over ,ý,40 miles soutis east of St. Thossas. I'sa swel site for fainiiyv vacations. Sale sandy heaches for junior ... basa fisling for (kid . . . fun and 1 Mies for the 'teen-age crowd. %Vrite aýrfoik('L iy ' ofiiw n (om- merce, silmene, Ont. Ybu meiliet qct rons avross tise border on ! on.g po.in-lt . . . give tiens a iriendiv feeling about Ontariol LETS MAKE THEM WANT TO COME BACKI meward Bound irip Io Dritish Isies rwalked up ta a passenger who ;was leaning over the raiiing and !said: "Sir, wauld you like ta tsubscribe ta the Atlantic Month- ily?" The man replied, "Son I'm )subscribing ta the Atlantic daily." k The Queen Mary is a beautiful ship. Ta me it is like a fioating island an which there is every- thing that one may need ta live 5in comfart. I arn not gaing ta iattempt ta describe it because I know last year's teami manager did a goad job of that. Instead I shall try ta recaîl the events of aur last few days in Bnitain. Aftqr sigbt-seeing in Northern Ireland we sailed for England wbere we spent almost a week before aur ship sailed. Our first stop was Wolverhampton, county Staffordshire, one af the mast heavily industrialized areas in the British Isles. The farms in this district also appeared ta be mare pprasperous than saime other sec- tions of England we had visited. The British Isles possess a beauty quite different fromn any- thing aur Canadian party had ever seen. The architecture of the buildings, the cauntry-side and even the people vary greatly fromn one section of the country ta another. Often when driving a short distance we noticed that the scenery would change entirely within a radius of 50 or 60 miles. A Castie Near the Welsh Borderý The farthest point reacbed on this, our second visit to England, was the city of Ludlow near the Welsh border. We saw the re- mains of the aid Castie Ludlow which was built as a strongbold against the invading Welsh people in the. days when the Welsh and Englîsh were bitter enemies. The battles of that time would appear ta have been more bar- barous than the warfare carried on by the North American Indians against the new setlers. Ludlow Castle is not as wel preserved as Edinburgh Castie. Nevertheless it was a wonderful sighl ta behold, with its walls measuring eight ta 10 feet tbick and Ihe numerous raoms accupy- ing in ail about five acres of land. From Ludlow Castle we drove ta an aid inn known as Whitting- ton Inn which they say was once owned by Dick Whittington, Lord Mayor of London, and dates back ta the year 1310. Here we enjoyed aur first steak dinner since landing in Britain. The following day we jaurney- ed ta London where we saw many places of historical interest in- cluding Westminster Abbey and St. Paul's Caîhedral. Our visits were hurried but what impressed us most was the age and grand- eur of the numerous buildings throughout the city. Later we took a bus trip through a beautiful part of the country in and around London, leirminating at Windsor Castle where the King and Queen spend a portion of their time. We were impretsed wilh the magnificence of the Castle. During aur tour of the country- side, we bad an.,opporlunily ta visit the Anglo-American Oul Companys experimental farmi located in a fertile agricultural district about 60 miles outside of London. Here scientific tests are conducted on diesel ails, lubri- cants, tractor fuels and a hast of other petroleum products. We were interested ta learn that when Anglo-American bougbt Ibis farni tbey didn't build any new buildings but simply turned the barns and other farm. build- ings int laboratories. Wbat was formenly the hanse barn is now the recreational building for the staff of over 200. This building bas a thatcbed roof which is said la be the largest in England. The Anglo people did valuabie work for the government during the war years in testing lubri- cants and fuel for engines and aircraft and now in peacetime they are continuing their work with the samne scientific zeai. Canadians la Television From the Esso Farrn we were elce'ated position and will seat '00 persans. No furs are in evi- lence when the sale is in pragress for the buyers have visited the DOES YOUR BACK ACHE? itting in a draft-working in a damp Place-wet feet-there are dozens of things which may cause a backache! tut there's one way thousands of Canadians have found ta help relieve tis condition-Dr. Chase's Kidney- Liver Pilis. This effective remedy tones p both the kidneys and the liver- and brings welcome relief from pains sn the srnall of the back caused by' "cold'" in the kidneys. Sa insist an this -liable remedy- proven b>' aver half- -cen tury's use- Dr. Chase's Kidne>'- Livcr Pillta. a drug cowîtcr.a# ; store-roams previously and know by numbers the furs they wish to purchase." The "Bay" is proud of its record of being the oldest establishment of its kind in the world and after learning the quantity of furs that are sent fram Canada annually, we are canvinced that the fur trade is stili one of Canada's Most important industries. On aur last evening in London we were entertained at a farewell dinner at Simpson's, one of Lon- don's fashionable restaurants. This brought to a close four weeks of experiences in the aid land which will long be remem- bered by ail of us. RhYs Bacher has just corne in to say that we are only a few hours frem New York. We have had a wonderful trip but like most travellers we are looking forward to Our hamecoming. My next letter will be written frorn Brantford and I shall try to sum up Our impressions of conditions in the British Isles-what the people generally and the farmers in particular think about the country's nationalization pro- gramn and the cancellatian of food contracts with Canada. Governmnent and Business Dori't Mix "Canada's 'invisible governrnent' continues to provide evidence that, like oul and water, govern- ment and business don't mix"I said Joseph Lister Rutledge, Chairman of The Canadian Unity Council, recentlv. Mr. Rutledge referred to what he called "be- hind-the-scenes 'experts' who are responsible for Ottawa's policy on foreign exchange contrai. "The bureaucrats have usurp- ed the functions of business with the result that machines are idie Cartwright Council and workmen are .going without wages, we are iosing the export Transcict Important of every dqllar of aur national in- Business March Meet corne, and we have closed the door on the hundreds of millions Cartwright council met March of dollars of new capital needed 7 with ail members present and ta develop this cauntry's re- Reeve W. G. Bowles presiding. sources," said Mr. Rutledge. "And Communication was received in spîte of the fact that govern-, from' Mr . Bowman requesting ment policy an foreign exchange raad east of Blackstack ta be hard contrai has backfired so badly, surfaced. aur elected representatives are Lter ro D. hmpn being asked to extend*this auto- etr fo D.T mpn crat, bureaucrat contrail for affering woad for hall at $22.50 another two years, until 1951. per cord was filed. apit ai axqx ax il W. Weatherilt and A. Dysart "AsMr Aan ocerm pinedpresented petition for , street "As r. lan ockram oinedligbting in Caesarea. They were out s0 ably in bis speech on this instructed ta prepare plan for subject in the Mouse of Cammons instructed ta prepare plan of last week," stated Mr. Rutledge, same and return with petition. "the government bill should be Bert Gibson and Clarke Wil- subi ected ta thorough study by lasapae eoeCuelr the banking and commerce coim- wlia gapered cbeforeCnl re2 Mn.te Cacera mes t ta vtecon and 24, Con 5 anîd 6. No action, Mr. ockramstatd tat on- Road Supt. was authorized ta troiled exchange had lost many purchase 19 culverts at approxi- of Canada's export markets and mate cost of $1674. that it had dried up the flow int Canada af the risk capital that is Councillor Cochrane was ap- necessary if the cauntry's natural pointed cammittee ta purchase resaurces are ta be changed into wood for hall. wor, wge an rel ealh. n. By-law was passed empower- wor, ags ad ea welt. r.ing Reeve and Treasurer ta Cockeramn stated, as an example, borrow money for current ex- that wbile it 'rerjuires a billion penditures, if necessary. dollars of new currency ta devél- Tenders for gravel, bulldozer op the western ail fields, the and scraper for construction work gavernrnent's policy of holding aur ýeeoee.R .ByhC.tn dollr t anartficil vluehasders for bath the above were ac- made Canada an exporter rather cepteci by unanimous mations. than an importer of capital. Dpistrict Municipal Engineer was requested by clerk ta prepare Mrs. Bambridge, DeKalb, plans and speicifications for re- III. inseningin hr rnewî t inforced concrete bridge between Statesman, writes: We enjay theCos5an6,poitlt13 Statesman every week, especîally Orders were passed as folaws: the Tyrone news where over 60 Commercial News, advt--- $13.60 years ago I united with the H.E.P. hall, arena & garage- 28.17 church. Wonder if anyane bas a H. Thompson, Sec. Treas, Bd. picture of the church they would Education ----.---------2, 000 send me. May God bless you aIl. H. Tbompson, fox bounty --- 81.00 HERE le THE Financial Statement of the Metropolitan Life Ineurance Company fan last year. It je mare than just figures, because back of thcm ie the story of what 32,700,000 policyhalders in Canada and the United States have donc for their families and themselves. The raie of Metropolitan, like that of any Life insurance company, hasbheen ta help policyholders ta make effective their individual plans for protection against the uncer- tainties of, life. This Statement is a brief account of ite stewardship. The amount pâid ta policyholders and beneficianies in 1948 was $721,366,364. 0f this sum, $263,780,754 went ta the beneficiarie of 235,000 palicyholders; $147,045,672 ta some 450,000 individuals for Matured Endowments and Annuities; and $59.403.238 for 650,000 dlaims for Disability and Accident & Health benefits. In addition, the total paid included sums for cash surrender values, dividende, and other payments due under outstanding policies. The total payrnents by Metropolitan ta pôlicyholdere and beneficiaries during the last 16 years aggregated Statutory PolIcy Reserves ...... This amaount. determined in accordance with legal requirements, together with future prcmniumns and reserve interest, is necessary ta assure paymnent aofal future policy benefits. Policy Proceeds and DivIdends Loft wlth Company ............ Policy praceeds f ram death daims, matured endaw. ments, and other paymnents, and dividenda - icI t with Company by beneficiaries and palicyhalders to be returned in future ycars. Roerved for Dividende te Polleyholders Set aside for paymnent in 1949 ta those polîcyhoideru elîgible ta receive thcmn. Policy Clalms Currently Outstandlng. Cîims in process of seulement, and estirnated daims that have accurred but have not yet been reported. Other PoIicy Obligations.. .. .... Prerniums received in advance, reserves for mortality and morbidity fluctuations, reserve for continuing the pragram af equalizatian dividenda an weekly prernsum policies. etc. Taxes Accrued...... . .. .. .... Including estimnated amnount of taxes payable in 1949 on the business af 1948. Contlngency Reserve for Mortgage Loans Alil Other Obligations.... .. .. .. TOTAL OBLIGATIONS. ....... SURPLUS FUNDS Speclal Surplus Funds . . $ 80,013,000.00 Unasslgned Funds (Surplus) .. .. .....453,921,805.89 TOTAL SURPLUS FUNDS .. ........ TOTAL OBLIGATIONS AND SURPLUS FUNDS $7,800,699,727.00 485,882,414.00 152,067,254.00 35,428.842.47 55,327,132.80 J. Ballingaîl, use of truck- Road Vauchèr No. 2--- Council adjourned ta Apnîl 4 at 2 p.m. 10.00 551.56 meet OBITUARY MES. WILLIAM L. COURTICE Annie Clara Courtice, a member of the famiiy from wbich the vil- lage af Caurtice derivcd its narne, diect at the borne of ber son Garn- et, ai Pickering, March 14. Mrs. Courtice was 86 years af age.' The wife of thc late William Lawrence Courlice, the deceased was Annie Clara Carruthers pniar ta ber marniage. She is survived by Garnet and another son, Harold, of Portland, Oregon. Natives af Ontario Caunty, Mn. and Mrs. Courtice farrncd until the lime of his retirernent. They settled in Pickering and after Mn. Courtice died bis wife went ta live witb ber son. On Friday lasI she suifered'a stroke. Death came tbree days later. Funeral service took place from ber son's home in Pickering. Interment at Mount Lawn Cerne- tery. MRS. CHARLES J. GRASS Follawing a long illness the death occurred at ber borne in Brooklin ai Jennie Bowman, be- loved wife of the late Charles J. Grass, in ber 881h year. A resident of Brooklin for over 60 years, the deceased bad re- sided in Enfield, Harmany and Oshawa where she attended High Schooi. During ber lifelime she had been an extremely active member of Brooklin United Cburch and was beloved by ahl who knew l.er. A daughter of the late Mr. and Mrs. William Bowman of Bow- manville, Mrs. Grass was born in Darlington Township on November 2, 1861. Mer husband, wvho predeceased her in 1941, was the miller at Brooklin for many years. The last member of her family she leaves to mourn her passing twa daughters, Mrs.' Harriet Fraser of Brooklin and Mrs. Jennie Hall of Toronto. Also sur- viving are three grandchildren and three great grandchildren. The funeral was held from residence, at Brooklin March 17. Interment was in Groveside Cemetery. Rev. M. C. Fisher, minîster af the Brooklin United Church conducted the services. HARRY BRANTON The death occurred in the Osh- awa General Hospital March 17 of Harry Branton, beloved hus- band of the former Annie John- son. Mr. Branton had been seri- ously ill for the past week. Me was in hîs 64th year. A son of the late Mr. and Mrs. Charles Branton, the deceased was born in Darlington Town- ship on January 3, 1886. Prior to movhig to Seagrave eight years I ago, ho had lived in Oshawa and had been an employee of Genera Motors for over 25 years. Besides his wile hé je survived by three daughters, Elnia of Cen- tre Line, Michigan, and MildrecI and Dorothy of Detroit, and two sons, Roy of Royal Oak, Michý, and William of Ferndale, Mich. Also surviving are two sisters, Mrs. Eva Keenan and Mrs. Mark Turner (Alice) af Oshiawa and a ibrother, Frank, of Oshawa. The funeral service was held March 21, followed by interment in the Union Cemetery, Oshawa. Rev. R. F. Wilson, minister of First Baptist Church, conducted the services. REPAIES TO ALL MAKES of Sewing Machines Workmanship Guaranteed Cails Made on Thursdaya SINGER SEWING MACHINE CO. 47 Walton St. Phone 1015W Port Hope ; 1 FILTER QUEEN Don't buy a Vacuum until you have seen The World's Finest. FOR FREE DEMONSTJXATION WRITE OR PHONE Your Authorized Representative WILLIAM S. COLVILLE - ALSO USED VACUUMS AVAILABLE - Phone Bowmanville 2393 160 Kint St. West Policeyholders Business $9,346,330,825 - a sum whîch has served as a stabilizing influence in hornes and communities throughout this country and thee United States. This total exceeds the Company's assets of $9,125,145,007 as of December 31, 1948. These assets are hcld ta meet obligations of $8,59 1,210,20 1, af which more than 90%,O represents statutory reserves for future payments ta policyholders arid beneficiaries. Over and above these obligations, there remained a surplus of $533,934,806, which is about 6%/' of obligations - a back- log which must be available against the possibility of epidemics, adverse ecanomic conditions or other unfore- secable situations. The Company's assets guarantec the fulfilment of the $39,958,5 17,854 of Metropolitan life insurance in farce. In addition, they assure the paymcnt of the 448,394 annuity and supplerncntary cantracts outstanding, and the 6,546,412 palicies or certificates praviding benefits in event of cither accident, sicknesgs, hospitalîzation, surgical or medical expense. STATEMENT 0F OBLIGATIONS AND ASSETS DECEMBER 31, 1948 ASSETS WHICN ASSURE FULFILMENT OP OBLIGATIONS Government Securities U.S. Comerment **. Canadian Government.. .$53,133.829,569.00 .255,432,766.35 Other Bonds .. ............ Provincial and Municipal . .$ 69 ,755,5 10.23 Rairomd .. ........50,930,398.52 Public Utility .. .....1,152,792,757.79 Industrial and Misceilaneous . . 1,722,176.660.28 Bonds ai the Company's Housing Deveiopment Corporations . . 115,552,843.75 Stocks..... .... . .. .. .. .. Ail but $4,095,050.58 are Preferred or Guaranteed. Mortgage Loans on Real Estate. . Mortgage Loans on City Prop. erties.........1,045,046,270.06 Mortgage ILoans on Farma s 93,889,538.34 Loans on Poliles Mmdc ta palicyholders on the security of their policies. Real Estate (after decrease by adjustment ai 18.835,395.00 $25,000,000 in the aggregate)... .. .... Housing prajects and other reai estate acquired for investment . 153,465,256.62 21 ,000,000.00 Properties for Company use. . 34,716,517.77 21,969,435.99 Acquired in satisfaction of mort- sage indebtedncss (of which %8.591.210.201.26 $11,709,287.72 is under cantrmct of sale)..... .....46,235,804.19, Cash and Bank Deposlts... .. . Premlunis, Deferred and ln Course et Collection .. ....... . . 533,934,805.89 $9.125,145,007.15 $3,389,262,335.35 3,562,208,170.57 112,252,333.58 1,138,935,808.40 364,630,189.90 209,417,578.58 151,886,801.05 131,311,7 15.47 65.240,074-25 TOTAL ASSETS TO MEET OBLIGATIONS . $9,125,145,007.15 A few other highlights of the Comapany's t948 annual statement are: the net rate of interest earned on total assets reversed the trend of many years and increased fromn 2.94%/ in 1947 ta 3.03%, in line with the experience of busi- ness gcnerally, there were some increases in expense; the rate of mortality was slightly lawer than in 1947; the lapse rate was anc of the bcst on record; and new Life ineurance issued during the year was $2.904, 157,071. The amount held for dividende payable ta Metropolitan policyholders in 1949 totals $152,067,254. Metropolitan investments continued in 1948 to serve variaus sections of Canada and the United States and the cconomy of bath cauntrie. The Company je intereeted in making boans, ta either individuals or corporations, which meet the legal requirernents with which it muet comply. A mare complete review of the Company's affaire will be found in its Annual Repart ta Policyhalders, which will be sent ta anyone on .request. SOME FACTS ABOUT ME' OPERATIONS IN C t Theise htghlighta of the Compati Dominion during 1948, aur 76th y.n of particular intereat ta Met ropolita holdera and their beeiiais Payments to Policyholdersai Metropolitan paid in 1948 ta iti holders and their beneficiaries $3 cldaims, matured endowments, divid mente. 0f this, 70%' was paid ta The total amfount the Mefropol Canadiens since if entered Cc plus the amount now invest j exceeds the total premiums -~ Canadiens by more than $35 Lite Insurance In1 In 1948, Canadians baught $205,ý insurance pratection in the Met the total of the Company's Life ir Canada ta $2,241,526,648 at t] amount is made up of 57%-ý Ordine Sand 13% ýGroup. Total Investments Ini '~Metropalitan'e total investmentsi cd ta $536, 741,420 at the end af 19 S dollars are at wark throughaut th pilctically every phase of producti ..helping ta produce more good jobs for mare people. Health and Welfare " During 1948, a total of 222,687 made ta those insu red under Meti( l4 ntermediate. andi Grouin ,viliie ETROPOLITAN'S CANADA ny'a business in the ear in Canada, wiIl b. tn'& Canadian policy. and BeneficIarI« ts Canadian palicy- e38,815,091 in death ilends and other pay- living pblicyholder.. litan ha. paid t. aonada in 1872, sted in Canada, sreceived from 152,000,000. Force 932,746 of new LAf tropolitan, bringing insurance in force in the year-end. This nary, 30%ý Induetrial n Canada in Canada amount- 948. The Company'& the Dominon ... i tion and distribution As and create more ,e Work 7nursing visite was arpalitan Industrial. -- M--- l-r cai --aritta ,Jv,; 2 million pamphlets an health and safety were distrib.. uted, and the Company took part in 49 Canadian health campaigns. - -------- --------- METROOUTANLIFE INSURANCE CO. IConadin Head Office, Ottawa. Gentlemen:I PMette tend me a copy of yournnual Report ta Polriyholden I NAME. ---- ---- ---- STREET .... ------------ -- - - ---- C..IT.......PROV .. Metropolitan Reports,.bt on 1948 OBLIGATIONS TO POLICYHOLDERS, BENEFICIARIES, AND OTHERS Accrued Interest, Rents, etc... INOTE - Assetia aounting ta $438,451,141.%6 are deposited wth vmnious public ofllcials under requirements of law or regulatory autharity. Metropolitan Life Insurance Company (A MUTUAL COMPANY) HOME OFFICE: NEW YORK CANADIAN HEAD OFFICE: OTTAWA m1 t,- THUMDAY, MARCIT 24th, 1949 THE CANADIAN STATESMAN, BOWMANVILLE, ONTARIO PAGr Pm