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Vial NationaI Probloms Discussed by Bank of Montroul ProsMdent Geoîege W. Spinney Gives "the Frank and Considereci Opinion of a Bankýer" on Nationalization of Banking 126th ANNIJAL PM"EETINîG Strongly Emphasizes Value of Victory Bonds Both Durinig War and After Ptobemsof vt ~ 'Int o Caaians in the tran'sition from war to Peace were dLiscus-sedl at the I 26t annu lùmetiing f anikof Ymntre'al saehler esed y bGeorg . S.111ey )... rsdn f thle inlstiin. AmnJh ujcsh eaitwith were wiatinl izaio o amin nvhichI hcgýe gav 1maÉhederb1lac"hefranik an considered opinion of a banlker" the value of ictr 3onds ïin te war andtr , aminl- h e eedfor ahely, igr san fe- ible~g e1nm natiiga ihadicesn prdciiy esni for fI1 l eploymlent and B.C. Bank Staff Now Élie filla 58% Wom, Men for Mi urces at thle lhii .lowing a presentatio of he tand loss statement of the 1as already publlshed, 31r, ey spioke as flos n the battie Unaes trag he worlt, thepstyear lhas ii ,us :- ucicause frprofound, :ful-neýss On the homne front tlhe year hos(ben on veme!nt. BuLt 1 tblink that realistic vwof the local must lead t tecocuso theb thra fiflto vt s attendant dislocation and ;h-îp h-as in no waiy diminishi- compiac- relaxation )m waretile I -~ - ahieemetsof Canla- du is try achiievemen(Ilts sould Pot have been pas- ït fori heco prto u efforts ofl mý-illion s o!f unl wxorkers wo have ato the task o5 war pro- the fletmaueof ergies and s 1li Ishould e(- t1 pa tih t o thjose ibIe <o)r no hless remcark- :îeis -agriultre nd rtaion. At na ime lintCe sfood occuipied sovtal nt a place la thieamor UntdNationsý as it does n farmers have met, and tiuing to meet, the chai- I vastly Inrased deniands heIm, under extrce e0h1- ofd shor-tage cof belpad of mchi~eryis eser-v- the, p;ra-ise and gratitudei iitire ,nation. Iso1 dlk 1s=y& ne!od cr cenîug the servi-es rendered by our w scarcity of equipment and man- power, the railways are hiandling freight and passenger traffic in a l] i-e rcr volume. Thne per- formance of such a task, uner tryýing ýonIdition-s o f operation, nd withlatveylittlie nc veýOijjnenet ofperso!right and ta the t ravelliig pblcisan Management and operating per- son nel of thle railwýav systemni May sell be Prud.l THE WATIMEWORK 0F THE BANK "f thiik itwoud"e qiei order for me naw!ta dr-aw attenl- tion ta'othe mn irinicbyu of servce ta mee the cbanging needs o! a naton at uar. Tiere ba n bee litiechage in the vol- ueofbasfbahcmeil aud fanalcharacter, lbut in vastly expanded. Transactians lin cheques eud depoiss Victory- Bonds and relaive coupons, pour- ing tbrough aut-r bud, ave b!een CALLS FOR CLEAR THINArKIN aU eil ng aiitelai1n d11 t-ikig aou post-al 0nin xhehw ee s achý ctent of theiswrrterenimust e a better Caad; Nu that osbe xa hve !w n d,ý, ineed n',iz t h contrai.s c a dacieigroes as eil as came ofthe persis- enirîte oi:hmannatu"re, an niil owerhipa .9y hope wouid b that caund- lans ili ex er thrugh dif- oit an eoamione u hc eneprs sdintatvanid th prof. cuetta ae r- garded as of litte valueau 1)wvrepuitaion.1 vial national imlportanlce n arn ço!dn htyou, as po prietors o!fte ank, wnidfeel Lihgt 15 wnvold hivc hbeercrni financing is kept tauh, patia "N\or has olur attitude i i i tis regadben merely que of passive agreemenit. 'For- our whole organi- zation bias foCussed vevy special attention upo. the mnatter olai-ýd - ing lute sale cof VçayBond's and Wvar Savings Certificates. 1 am proud of aour record inthe great national undertalngs. IUy written w-,ord nd îîoral persuaslin wehave dlone everything tvithin- or power ta encourage depost ors in tbis Bank ta use their funds ta the utmost lbnit of their abil- it, in the purchase o! Govern- metsecuritieýs aud ta leg thir incomes ta the samie end. But that is not ail. -We have, esýtablishïedl 1w ,vratesudspeciai t Se surities juta aur. hanfls for safekeeping. The sgiiac of this service goes beyo-nd th elimninatian of thie ob)vious rlsksý in keepingscuii l oe's own& home, for we kuaw xfrom expLjeri- enc-ue that thfe ivstrwho iodges, bis bonds at the bank for safe- keeping is thereby belped ani e1nc(1OUra1ed1 tapernetuatie bis savi ng s. VICTORY BONDS IN THE WA AND AFTE.R "Y'ou probablyhae rend pub- ic stateme(nts rcntythat would implly that the banks and other large isitutions have an intiere t lu) depriving the inidividual oef bis Victory 1Býonds in anccordanice t some C dee-lJaid anlld s instei scbeme, C o f co0n, ceiltratÉio, o! thorougbJly -informed Llland uhis c d apaslof tha at. is speak onl this pitwitb some udtarity.As omninChair- mnan of our Vietory Loan organi- Zatian t or a per-iod of two anid at h1al! yars Iwas ale t oberv planning and tirelss eupergy wbhich the Bns Trust, and L-olia c0mpll, Ir~TsUrlIr5,eennn at Bn .Onl to y audc stvuet th~ Pria- birtb- Duke u the shoul- QI ana nand iiterally in Ilhe ranlifi changecýor nQcessary -1t i')nýs it so <>,f lhe cVJqb( Iny j itis a d niatJional tion b i greatest p, in creas e, âan evenl int when a!ciy ta record ~ thirty-six supreme xviii en- service hy goes )tir ý 1