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Central' Garage Temperance=st Opp. St. John's FChurch We wish to announce that we have been appoînted Chevrolet Service, Station We have secured a flrst.c]ass mechanic who can repair ail makes of cars. WELL STOCKED We carry a full supply of Ford, Chevrolet and Maxwell parts, Gasoline, Greases and Oiîs. Je IIATLY - The Garage Man Phone 44 and 114 Bowmanville CIF ~iI One Month- Mlore Only one more month before yOU will want to get the old bus out again. Are you ready for it ? Or are yo'u going to wait until you want it and then have to lay it up for repairs the first trip out ? Be wise,. cali us tip and we will get your car, fix it anyway you want, and returu it to you again. If it is possible to please you ,we will do so and we will give you a price -on the work before we start. Have Yo Your New Lens? We have the Lens that passed one of the highest tests, both as to flglit and non-glaree; at the Iow price of $2,75 a pair for any make of car. Accessories! See us for tires, tubes, chains, etc., or anything required for your car. We carry the stock. Luke, Boys& Cryderman West E~nd Garage Bowmanville Auditors Present Report to, Town Council, <Continued from page 2) Accounts Payable: tÎhe ec-hedule, of accounts payable was prepared from the in- formation and vouchers availablo, and ie tated to include ail kuown liabilities of this nature Debenture No. 2, Rois Can Co. By-Law: This debenture did not mature until January 2ud., 1921, but was in-cluded as a current liability in the 1920 uccounts as we are informed that the levies under this by-law have to date been included in the esti- mates of the year preceding maturity. Debeature Debt: The Tow's -debentlires have ail been issued on the annual puy- ment plan, and the accompanying echeduLle gives full particulurs as to bylwnumber, purpose of issue, date of final paymient, intereet rate, and balance of principal nnpaid. Town Surplus: It will be noted thut the Town hues a surplus on both Current and Capital Account, although lu arrivinig ut the former no pro- vision hue been mado for possible lose in the, realization of the varions outstanding balances. Contingent Liabilities: lu your laet annuai balance shoot was shown a liability to the Provincial Highwayc Commission ro bridges of $6704.59 offset by a similar amount lu the accote for debentures to ho issued. We are iuformed that the amount'of thie uaccounitlbas been reduced but as the balance to be paid is not definitely knownr no provision bus been made for this itemn in tho accompanying statement. Further, somne record should ho made of debentures which, wo are inform-eý1, have been executed and dellvored to the Hydro Eloctrie Power Commrission of Ontario representînig the Town's guarantoe re Hydre- Radiale. These debentures are ln the nature of a contingent rather than a direct liabiiity. Receipts- The cash receipts have been subi ected to a careful audit, enquiry having been made into ail known sources of revenue and, from the in- formation ut our disposai, it would appear that ali recoipte have been ac- counted for. Disbursements: Choques have been issued covering ail payments, the maijor- ity being payable to order and igued by the Mayor and Treasurer. In the absence of the latter, the Clerk acted in hie capacity, although'not officially uuthorized to do se. Several choques were chunged from order to bearer and the alterution initialled by the Treusurer ouly. Unless for come very unusual circumetance wo cee no roason why the endorsemeut of any cheque should ho waived and we do not feel that your bunkers are justified in accepting, without endorsation, c4eques where a change hae been iuitialled by only one of the signing oficers. After u great deai of trouble and search wo were able to securo satisfactory vouchers for practically îevery payment. The difficulty of locatîng these papers could ho eliminated by the adoption of a proper system of fiing. The precont method of authorizing paymeut of accounts is faulty. A liet le preparod setting f orth various details, presented to the Council by the Finance Committoe and -When passed le entered in the mfinutes as sundry uccounts wîthout details or total. This method leaves too, great an opportunity f or changes being made ufter authorization, and if the f ull details of accounts pussed woro recorded in the minutes no such op- portunity would exist. The expenditures under the varions local improvement construc- tion by-laws do not happen to have been passed by Council ini the usuai munner. Although the original by-luw may ho construed as uuthorizing the expenditure, we feel it would ho advisable to have the detaîls upprovod in the camne wuy as with the ordinary accounts. We record -below a summary of uccounts in addition to those iust mentioned which wero not submitted to Council for approvul. These are mostly items for labor and vie*ed iudividually they are emaîl but taken collectively they mun into a considerabie eum. Ronds and Bridges........ ......... $685.00 Cemetery.....................241.50 County Ronds................ ........ 132.40 Public Property .......................115.20 Fire Departmnent.................... 8.00 1Miscellaneous. ........................183.59 $1,365.69 Duplicata Debentures: A largo number of duplicate debenturos with coupons attached were found in the caf e lu the Treasuror's office. Iu our opinion, the risk attached in keeping papers of this nature se easily available le vory great and, ut our suggestion, thoy have been'caucelled,. We would recom- moud that, with the. exception of, perbape, one specimen copy, they ho destroyed. Collectoiris Roll: Thecollector's roll le curefully written up. A statoment of ur- rears was prepared, which, together wîth the amounts trausferred to the Treasurer, appeared to balancethe roll, but an item of $80.08 puid direct- iy to the Treusuror on account of urrears was overlooked, se that the roll le apparently out of balance by that ainount. This may mean that some Sother taxes of a simlar amount have been paid but not marked off, b ut to the date of the completion of our audit no trace bad been f ound of any sucb item. Taxation of Incarne: ,In our opinion, more attention ehould ho given to assuring that propor assessments are beiug made on. income. A returu of income shouid be required from every person who mîght be hiable in uny respect, and the amounts roported thereon conipared with returus of salaries, wages and dividende paîd which should ho obtained from ail businesses. Guarantee Bonds:1 1 The foliowing guarantee bouide wero hold as of December 3sit., 1920. OfficiaI Company Number Expires Amount J. S. Moorcrkaft London Guarantee & Town Treasurer, Accident Co. 772432 May 8, 1921 4000.00 R. Jarvîs, Collector do 772431 May 8, 1921 12000.00 Fire Insurance: Policies were inspocted coveriug the followingi Town Hall and Municipal Offices Building Town Hall and Municipal Offices Contents Fire Hgall and Assembly Room Building Fire Hall and Asseembly4 Room Contentâ Tool House Building -P.lihIli1 r Si,. Enid,,'. insurance: 15,200.00 2,800.00 1,OOOi.00 3,000.00 1,000.00 Contents 33,26.00 South Ward Public School Building 6,000.00 South Ward: Public Scbool Contente 750.00 High School Building 25,000.00 High School Contente 5,000.00 Higb School Rifles i,560.00 Canada Scale & Suicer Go. Lt. Building 8,000.00 Canada Scale & Slicer Go. Ltd. Machiuery 18,000.00 Rose Can Co. Ltd Building 40,000.00 Bowmanviile Foundry Co. Ltd Building 14,000.00 Having in mind presont replacement costs we wouid rocommend the appointment of a committee to determine the sufficioucy of the fore- going insurunce, as wo feel that the Town le not lu ail instances udequate- ly protected. We 'note that a considerabie umount of your insurance is piaced through town officiais acting as agents of the insuring companies. This, is not good pructice and we would recommond th#t it ho dîscontinued immediateiy. Loans and Asa itance to Industries: The following documente have been examiued: Mortgage, Canada Scale & 1Suicer Go. Ltd. dated July 24tb., 1919, 4 per cent 17,500.00 Lease, Rocs Can Go. Ltd. dated April 6th., 1920, Lease, Bowmanville Fonndry Company, Ltd. 'dated, April lSth., 1902 Leace, Thompeon W. Blaeck dated November llth., 1920. Waterworks Accounts: As was the case lu the generul accounts, conslderable dlfficulty and loec of time -was experienced in locating original vouchers, wbicb were found in ne lees than three different offices, namély, Treasurer, Clerk and Engineer. The f ollowing vouchers were missing- Neptune Meter Go ........... -..........64.00 Bowmanvilie Foundry Co............... 3.87 W. H. Dustan................ ....... 30 Discount ie allowed on water rates if paid within the specified time, but in numerous instances this aliowance was made after the final discount date. This, we feel, ise unfair to those who pay their accounts promptly and we would recommeud that the collection of the grs amount be always euforced after the expiration of the discount period. Public School Board: The books of the board were found in good order, and the' transactions are ueatly and accurately recorded. Accounts were passed and recorded in the minutes in the correct manner except in two c'ses where euudry accounts were passed without details or totals. geveral invoices were O. K'd by the Principal or .Ghairmau of the committee under whose recommendation the expenditure was made, which is good practice and which we would recommend be carried out in conuection with ail expenditures. The bond of the treasurer is for $1500.00 placed withthe, Dominion Gresham Guarantee Company No. 75193 expiriug Auguet lst.. 1921. The bond was found to be in order up to August lst., 1919. Subsequent renewal7 receipts were not avaîlable but a letter was obtained £rom the local agent deciaring the premium paid, the bond lu force and application has been mnade to the compaay for duplicate reuewai receipts. High School Board: The books of the board were found in good order, and the transactions are neatly and accurately recorded. Accounts were paseed and recorded lu the minutes in detail with the foiiowîng exceptions. G. E. Evans, Examinations............ 134.30 W . J ., Morrîson, Examinations......... 63.15 E. E. Suider, Examiniatio-ne............. 35.50 R. D. Davideon, Examinations........... 55.80 Water Rates......................... 13.73 J. S. Moorcraft, Insurance Rifles....... 6.50 The bond of the treasurer is for $2Q00.00 placed wîth the London Guarantee & 'Accident Co. No. 703288 expiring April jet., 1921. The actual bond was, not produced for our insepection but renewal receipt No. 4531 was ecrutinized 'ýand appeared to be in order. Application should at once:be made for a duplicate bond. We have examined the~ varions investments comprising the scholarship fund. General: s Our opinion has been usked as to the advisabality of c'om- biining the offices of Clerk and, Treasurer. This, we feel, could be done with considerable advantage to the town. Much of the work ,iý ciosely allied and a certain amount of duplication of work couldho avoided by tonibining the offices. A f ew instances were noticed of a mnember of the Council byeing interested in transactions with the town, in' connectjionl with which, we are given to uuderstand, there are circumistances which make it practically unavoiduble. Changes in System: In order to facilitate the work of your office and to enabie you to have a complote record of ail transactions we desire to make the foliowiug suggestions and recommendations-_ General Ledger: The foundation of any system of accounts is a ledger iu which are recorded partîculars of ail Assets, Liabilities, Expenses and Revenues. Such a record does not exist lu your office and we cousider it most im- portant that il should ho immediatoly started. The Balance Sheet ac- companying this report forme a natural basis for the commencement of thîs ledger and ail transactions since the first of the year could thon be recorded therein. From this record, if properly carried out,' could be prepared practically at any time a statement of the Town's financial position instead of it being necesary to collect the information' from many differeut sourceeg as ut present, with the attendant danger of some- thing beiug overlooked ô? forgotten. Taxes Receivable : In the ubove meutioned ledger should be opened an account with the Colector, who would be charged with the total amount of each year's roland credited with the collections turued over to the Treasurer, the balance thus showing ut any time the amount of taxes stili iUnpuid. Similarily an account should ulso be carried for arrears of taxes, which would be supplemented by an arrears iedgor showing the particulars of ail unpaid taxes for prior periode. Local I mprovements: It is customary to carry a separute bauk uccount for dils- bursements on local improvement construction, not includiug the items in the general fund as in your accounts, and we would recommend that you take into consideration the advisability of making this change. If the sepurato account la carried, the records shouid ut aIl times ho pre-, pared lu sufficient detail to enable you to determine the, distribution of the total overdraft over the various works in progrees. When drawbacks are held over a period of years as a guarantee, the amount thereof should bc withdrawu from the regular account and placed in a special snvings uccount until required. Passing of Accounts and Filing: Ail accounts should be numbers as vouchers, consocutively, commencing from the first of each year. If two or more invoices from the samne person are to ho paid ut one time they should bear the samne voucher number., The account, chargoable shouid be cleariy dosig- nated on the invoice by a person hav!ing first baud kuowledge -of th)e purpose for which the expeuditure wus incurred and the inivoîco should' then be 0. K'd by the Chaîrman of the committee responsiblo for the expenditure. The, Clerk should then prepare, for the Finance Coin- mittoe, a ist of accounts to be passed by Council, showing voucher num- ber, name, account chargènhie, and umount, attaching thoreto the original invoices. After the Committee hue satisfied iteoif as to theý regularity of the vouchers, the liet may be siguod by the Chairmian and pasod on to Council for formai approval alter which the accounits should be listed'in detaîl iu the minutes. Whon the accounts have boon receipted for puy- ment, the numbor thereof shouid be eutored opposite the entry in the cash book and the vouchers filed iu numerical order. It le particularly important to analyzo paymonts on Dobeuture principal or iutorest according to, the by-law numbers and to file lu, soparate lots the. coupons representing each specific payment. If there are any matters in the foregoiug report thut are not clour to you we chall bo pleased to go more fully into details. Respectfnlly submitted, THORNE, MULHOLLAND, HOWSON & MCPHERSON, Chartered Accountants. Auditors. March lst., 1921. Tbe Old Reliable Girocer SWith the varioUs changes in present market conditions the welfare of our customers is upper- Most in our mind. Our long experience in the grocery business places us in a position to buy tL-o advantage and seli at the lowest possible prices.- WESELL HOME-MADE BREAD AND BUNS MADE RIGHT IN BOWMANVILLE. ARCHIE TAIT PHONEB 65. Prompt Deiivery. Bowmanville. BOWMAINVILLE, MARCH 10, 1921 Rh"eumatismn Neuritîa, Sciatica, Neuralgiat. Rheuma.tic Capsules Rave brought good hoalth to halfl -iumon A healthful, money-eavîig remedy, veiliknown for fil teon years, pro. eý>bd bdoctresold hy drug- gi $1box. rAsk our age'ts or write for a f rce trial packtage. Templetons, 142 King W., Toronto Local Agents, Jury & Lovell'u Dz-ug Store. N s U R A N C E In ail branches. First CIgss Companies Promipt Service Feel Free to Cônsult me at aýny tîme 'about Insurance in which you~ may be interested N. E* NtADS Instxrance Agency Office Weffington Street Phone 162 BoMmanviIle Ilere's Proof That Ends Headache Mr. E.. F. Tomkius, Ex-Mayor of Coati- cook, Que, proves it, 'Your Tablets are a safe and effective remedy for hoadache" Mr. Geo. Legge, Editor of the "Graub*y Leer-al p!roves it. "You Znto Talets deserve ta 1;e wliW ly known as a remedy that will ssop k. (L Hanson, B. A.? K. Q., colcom etc the Husears, proves it. "I use Zutoo Tablets and find, them a veryBaatisfactory remiedyfor Hea .kacho." a5 cents per box-at ail deriers. OUR TIRE REPAIRING BUSINESS ro THE WEST END 0F THE STATESMAN BLOCK Opposite Hotel Bowman &amlieson Bros. Phone 193 Bowmanville Tire Repair Experts A -Bad Case, Eczemna Al Over dis Body- Ris Legs-R~is Arms Covered àrha Clari, of Brookville, N. B., creva story of great sufféring into a 1ew worFdq. "I war torrnented beyond wuords. y could flot uleep. ye Iud lot put a, pin onnMywhlole b=y. tried seversI doctcrL Thev imid it wasscrOefIR. Three dollar bottie, of D, . )D. issU Z used. 1 have lnotbaci a mre for Ov monthe." Rach week w'e are selecttng a lettep tom smre Canadian sufferer ta chow what can Le ilone ta it ching, burnlng sUn ireeu b the clear, purifying liqnid wazh, D. D. D. Stop t1at «4& today. Ton are not asked ta uie 1D. D. D. for weeks before you receive rTe- suts. Ifyou don't get relief frorn the very lut bottie we hand yougmoney back. el.oo a botte. Try D. D. 1). Se., oq ME loio fbr Siun Dsà%w e JURY & LOVELL DIRUGGISTS BOWMANVILLE j