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THE DRYDEN OBSERVER fe SE LETTER FROM U.F.C. TO TOWNSHIP COUNCILS purchased at considerably lower about the same figure; with a ministrator. We regard such an 90d. 1939 prices. The indebtedness resting Dominion debt, which expendi- | extreme measure as virtually AT POPUL AR PRICES December 22nd, 1932.1 0" oynties has risen from mers tures on relief and falling reven- | handeuffing the elected represen- To the Clerk and Township nothing a few years ago to ny ues will again probably force tatives of ; the people In the LE Couneil. sixteen million dollars in 1929. above the two and a half bililon | municipal field, and in your pro- PUMPS, STRAP SLIPPEES AND TIE Centlemen :-- We nelogse herewith a state-! the United Farmers setting forth our op- proposed legislation ment from of Ontario, position to same at a time when all farm; produce commanded higher, prices than can be secured today and when farm supplies could he Township indebtedness, aside' | from that incurred by so-calied townships bordering on Toronto is around thirty millions, and this, although the farms bearing that burden are worth less to- edness (urban and rural) ap- proaching the 500,000,000 dollar' mark; with a Provincial debt of dollar mark, the call is for the most rigid economy on the part of all bodies responsible for the spending of public funds. Rural municipalities have been the least offenders in mounting out, you will then become merely a municipal bureau subject to the control of an outside ad- test against such imposition we are pleased to offer our fullest co-operation and invite you to use our organization in any way that we can serve you. Acecor- dingly we would appreciate hear- A NEW LINE OF SPRING SHOES OXFORDS mo HEELS, MEDIUM AND HIGH which it is announced will come | day than they were thirty years expenditure and we feel will ing from your municipality, Sizes up to 8 before the Legislature at the! Tn not a few cases muin- lead the way in retrenchment. with suggestions either from hoRLse] I taxation on purely farm onds is perilously near the rent- al value of same. { "Unfortunately, too, this does In forwarding this present- ation, we wish also to thank you for so generous a response in supporting us in our recent ap- your nomination meeting or your council board. as to the strong stand we may be compelled to take in order to preserve the The statement speaks for While protesting aga any proposal that would tak ale fal from municipal councils powers | not tell the whole story. While peal against the injustice pro- | fundamentals of democratic gov- perly helongin SEER ER micipal spending has posed in Fire Insurance Regula- ernment. Is this not so vital: ! PATIL a, ts} 2 AE } athe : : = + Te . 1 x % yo eink ¥ acknowledge that township coun- been mounting and rural munici- tions. ; | that it should be introduced ~t cils realize that the time has| pal indebtedness has been in-! We believe that the enclosed i all nomination meetings? come to put a firm curb on! creasing, there has been still statement presents an even great. i Yours very truly a municipal spending. Four doll- | more rapid expansion in spend. er community of interest, since R. J. Scott, J. J. Morrison, ars are being spent by rural ine and borrowing on the part if this recommendation from the! President Sec.-Treas. +, GF hie ! dan Sie a . Pore rp ---- ee ------E-------- municipal councils now for every of the Province and the Domin- : dollar that was spent by the ion. vi a --=--===| ihe hoyal bank of Canada c td ii 3 Our Specialty -- GIFTS THAT LAST -- 4 i " iin Sa . 3 ; : x 3 [7 RS Yet 4 C2 wa 03 08 ct ¥ 2] pb} ; > Now is a good time to have that ring, brooch, or eneral Statement ABEL 30th November, Lo | Cleaning, rressing and Remodelling : i \ / 4 necklace remodeled. : Sn ; GES \ Clothes Come in and let us check over the setting of you : Tamed Lisnsrns Our prices are right Give us a call ' 3 . op r h '3 ret] : oF: Capital Stock Paid up. .....o..o.... RTL RE $35,600,000.00 3 4 S are rigal, vs : It's much cheaper to have the claws retipped, or a Reserve Fund. ........ooneeiniiis Alaa Shy $35,000,000.00 i new setting than to lose the stone. Balance of Profits carried forward......... Se avin dunes 4,155,105.61 : ere Se eek vy Eo Fi 3 (2 « jo 1 9 i $39,155,105.61 ve have a few suits and overcoats left which we are L. iM. BEATH & CO. Didone Jima. Coin Caan eae, 5 Sana i 8,723.93 4 by i t ividen 0. at per annum), payable ist ciearing at cost. THE JEWELLERS December; 1981. +. «vss snessssessreressnssesne 1;050,000.00 pido Leg : % : I -- TT 40,213,829.54 Experts in Watch, Clock, Jewellry and Optical Repairs. em 52 ,213,829. : \- J Deposies Bo} bearing Inpsony SRA senses $170,913,963.64 5 . my eposits bearing interest, including interest accrued to a Aare of Satement. .... i. i. ci rer vein ene onnisse ve 476,389,171.86 Levinson 8 Clothes Shop ~\ ------ eee. Fis Boral Depasifs, 0, live ilies sins dromesioe ous $647,303,675.50 i = 7 ! Notes of the Bank in circulation... vow ne mene 33,237,047.54 Earl and Queen Sts. We buy raw furs Dryden Advances under the Finance Act. ................... 20,069,600.00 : PIE 2% H Balances due to other Banks in Canada. ............. 836,763.11 » . . Balances due to Banks and Banking Correspondents it rm ------ { O Ice Ine 0 elsewhere thanin Canada. ..........cc..u....... 16,655,880.18 er : Ble Payable 0 i 0 hes isc, area tats ove 3,121,924.13 momar in iniiipisiaiti i Liabilities not included in the foregoing.......... sivs 367,360.18 aT TT Th S o ! meme em IY, ST, 100,64 x resh 6 TOCEeries Qi | Letters of Credit Qutstanding. ....oeeeeeeennrnnenas 28,966,506.64 {8 : |! $825,702,436.82 x = ; ASSETS : c-------- : P vis 1058 Gold and Subsidiary Coinon hand. .............. oo. $27,530,855.47 Fo Dominion Noteson hand. ...........cccovvuivnuaa.... 39,169,463.25 Deposit in the Central Gold Reserves. ............... 3,000,000.00 United States and other Foreign Currencies. ,........ 15,842,986.38 men' 2 res Sy sti le $85,543,245.10 .q. " Notes of other Canadian Banks. .....e.eeueun.,..... 3,378,737.54 Spare Ribs, 2 1D fore. «oo vuon iin. roa en Sl ear pC Cheques oR 3g hams. Tp hs Cae ray 25,329,297.95 th 15 nd Balances due by other Banks in Canada.............. 3,144.37 Shoulder Tiamb Chops, per It De TTY? J yt ai Balances due by Banks and Banking Correspondents THEE Heit 110PS, per LEE ERE RR Re RE! FLOUR AN D FEED, CURED MEETS, elsewhere thanin Canada. ................... ... 36,032,466.96 11 or TEN gr 15¢ Dominion sid Prominin! Government Securities (not Shoulder Veal Chops, per on te 0 oP SL q : T exceeding market value)... .u.. ou. LE 85,473,058.48 : i FRESH FRUITS, VEGETABLES Canadian Municipal Securities and British, Foreign Bakeasy Shortening, perib ............... ; 5100 ani Conil Pehle Soourines She than Cana- 5 =, i ian (not exceeding market value). ...... .. . . .. 24,641,816.53 2 Te AY . 1 9 AND CONFECTIONERY Railway and other Bonds, Debentures and Stocks (not Devonshire Sausage. per 1b... civ, % 15¢e 4 3 exceeding market value)... i. iii. iui is 11,935,404.81 i = Call and Short (not exceeding thirty days) Loans in Maple Leaf Sausage, per ib ...... A Th vn a Canada on Honds Esa and Sudts and Eh : mee other Securities of a sufficient marketable value I a oh Dis --_-- Ther Somes of 2 sulficiens Sark le wine Pi. rshaon tt Tope Oly Tors el a ee ; ee 20e Call and Short (not exceeding thirty days) Loans else= y > 1a a 11 or 7 ; where than in Canada on Bonds, Debentures and Blood Sausa £8, 2 Wooler ou Uo Sie nw i Eee vw ATT : CLEANEST FRESHEST STOCK AT THE RIGHT Stocks and other Securities of a sufficient mar- o i Zz ' ketablevaluetocover.........oonvveninneninn.. 37,156,111.72 Garlic Sausage er 1b 25¢ = - I $348,630,551.82 a usage, p ari eos Sh PRICE AT THE WRIGHT STORE Current Loans and Discounts in Canada (less rebate ; of interest) after making full provision for all bad ---- 5 z and douhitul Sehes ET A a Lt a $291,576,220.24 : urrent Loans and Discounts else a a Cavada (less rebate of interest) after making full - 2 { 5 I provision for ail bad and doubtfe! debts 124,581,388.79 Phone 6. A. I ATERSON Dryden Non-Current Loans, estimated loss provided for. 3,187,434.63 { , J) . a : . | A / 2h 3 40 Bank Premises at not more than cost, iess amounts written off. ..... 2 C. > & Ii i€S Il g h f, 3 GC n € Real Estate other than Bank Premises... .........0....000oooenoun -- ; Mortgages on Real Estate sold by the Bank. |... ... y EEE NSE CR ed : Liabilities of Customers under Letters of Credit as per contra. . 28,966,505.64 : Shares of and Loans to Controlled Companies... .................0. 6,1724,799.50 ¥ ( A Deposit with the Minister for the purposes of the Circulation Fu 1,780,000 90 i Other Assets not included in the foregoing. ............000oennne.n. 544,628.84 : meaner HOME NOTE: --The Royal Bank of Canada (France) has been incorporated under the iaws ; of France to conduct the business of the Bank in Paris, and the assets and liabilities of The Royal Bank of Canada (France) are included in the above General Statement H.S. HOLT, - M. W. WILSON, President General Manager Van Horne Grocerv Phone 155 : AUDITORS' CERTIFICATE To THE SHAREHOLDERS, THE ROYAL BANK OF CANADA: We have examined the above Statement of Liabilities and Assets at 30th November, 1931, with the books and accounts of The Royal Bank of Canada at Head Office and with the certiied returns from the branches. We have verified the cash and securities at Head Office at the close of the Bank's fiscal year, and during the year we counted the cash and examined the securities at several of the important branches. We have obtained all the information and explanations that we have required, and in our opinion the transactions of the Bank, which have come under our notice, have been within the powers of the Rank. The above statement is in our opinion properly drawn up so as to disclose She Sus condition of the Bank as at 30th November, 1931, and it is as shown by the books of the Bank. Van Horne & Albert Sts. 4. Mi. HARDIE FROP. Is the record of the products of our bakery. BREAD -- BUNS -- FRESH ROLLS -- PASTRIES bake your dollars stretch out by taking advantage of a yo Coo Loomis AND CAKES. the following cheap prices. Montreal, Canada, 28th December, on 2 LR & Co. SER TQEY a All goods are of first class quality, and are being sold PROFIT AND LOSS ACCOUNT FRESH DAILY around town at much higher prices, but our low over- Balance of Profit and Loss Account, 29th November, head enables us to give these better prices. Profits for th year ended 30th November, i931... tities Trim 3 ---- 9,555,185.61 : Singapore Slised Pineapple ...... 0000 0 ii in 13a APPRBTPRIMTED AL NOLO a Fresh Vegetables for the weekend--Celery, Lettuce Sour Mixed Pickles, quart jars .......... . .... 30 Ma sa i at 2% yersnnom lg and Tomatoes. Raspberry Jam, Nature's Best, 4 1b tin ......... «+ Ble TRI fo nk en a ol mening : unpkin, Standard Quality, 2 & 1-31 tin ......... 9¢ Balance of Profit and Loss carried forward. [1111100 a i08 0000 rose Ten! hipackagen ovine i ii ue dB fi E. W. STANSFIELD & SON H. S. HOLT, M. W. WILSON, LET President General Manager 3 ; Me Ee Montreal, 28th December, 1931. Shop Early or Phone 135 as our Stock is Limited. hm eden he THE PERPLEXING PROBLEM CF A PRIZE FOR THAT TT is easily solved when you have our selection to choose from -- NOVELTIES IN CHINA, LEATHER, FANCY DECKS OF CARDS, - LOVELY LITTLE FRAMED PICTURES AND MANY OTHER SIMILAR ARTICLES ARE ALL HERE IN AN ABUNDANCE. The smartest prizes may be purchased at remarkably low prices. : SEE OUR SELECTION Sold on easy payments to reliable parties. Spel] START THE NEW YEAR RIGHT with a McCORMICK - DEERING Ball Bearing CREAM SEPARATOR Six Sizes, Hand Operated, Electric Power Driven . H. PRONGER, Prop. PHONE 26 SPECIALS For 11th to 15th JANUARY + Apples, good cooking, 8 1b for 29e. Melntosh Reds, Snows. For one cow or a hundred. Try one out in your own house, if you do not think it is the best looking, easiest turning, longest lasting mach- ine sold, we will take it out, and ask no questions. One cent candies for the children 7 for 5e. Chocolate Bars, 7 bars for 29c. Cheese 17¢ 1b for Monday only. Creamery Butter 25¢ th. : & yi ; : Ae eT, nh Ty Hy oe Prices, terms and literature on request. P.S.--dJoe went to Quibell and hasn't been heard of for two days--He wired for a truck load of radios. Js Ja CORNER Pronger 5 AumSirong "Through Service We Grow' For Wednesday--Flour, No. 1 patent $2.35. Flour, No. 2 patent $2.25. Shorts 89¢ Bran 85¢ MeCormick-Deering Dealer Be sure and see the Red and White for Greens, Celery, Lettuce, Tomatoes, Green Onions and Live Lobsters. OXDRIFT ONTARIO "No One Appreciates Your Business More Than We Do."'