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PAGE lg irre " THE DRYDEN OBSERVER "7" JANUARY 6th, 1085. THE ROYAL BANK of | CANADA IN STRONG LIQUID POSITION Annual Statement Shows Total Assets at $765,512,920--Liquid Assets at $355,923,015 and Equal to 52.86 Per Cent. of Total Idabilities to the Public --Included in Them Are Cash Holdings of $164,630,724, Equal to Over 24 Per: Cent. of Public Liabilities -- Savings Deposits Hold Up in Satisfactory Manner Shareholders of The Royal Bank of Canada will have rea- son to be gratified at the strong statement ee is being forward: ed to them for the fiscal year to November 30th. In line with the reports by the larger banks Total Assets. due to the less active business conditions, are down moderately from the previous year. On the other hand there has heen a substantial increase in the hold- ings of Government and Muuni- cipal Bonds, with the result that Liquid Assets have increased to 52.86 per cent. of public liabili- ties. A further feature of the Liquid Assets is represented holdings of Cash, which now aggregate as much as $164,630, 724, and are equal to over 24; per cent. of public liabilities. Profits for the year, as was to be expected, show a slight recession due to the general trade conditions and the lowe: interest rates that have prevailed in reserve centres, but after making full allowance for all bad and doubtful debts, and providing for cost of manage- ment, they were amply sufficient to permit of the payment of dividends and the usual approp- riations, as also to allow of a further contribution to Profit and Loss Account. % Strong Liquid Position The statement which appears elsewhere in this issue shows Total Assets of $765,712,920. Gf "this amount, liquid assets amount to the large sum of $355,929,915, equal to 52.86% of all liabilities to the public, Cash holdings. aggregating $164,630,724 and forming one of the striking feat- ures of the report, represent over 94% of liabilities to the public. Dominion and Provincial Gov- crnment securities ave $86,443, S44, compared with $35, 473,058 at the end of the pr evious year, nd Canadian ties and British, foreign and eclonial public securities $26, 750,444, up from $24,641,816. The various loan accounts re fleet curvent business conditions and are down substantially from the previous year. Commercial loans now stand at $360,562,256 against $419,345,043, while cal' loans in Canada have heen re duced to $28,951,263 from $39, 137,268 and call loans elsewhere to $36,400,142 from $37,156,111 Reduced import and export trade account for the reduction in Tetters of Credit to $20,092,951 from $28,966,506. Deposits at Satisfactory Level Deposits have been well main. tained. Total deposits at $619, 094,143 show a reduction for the year of less than 7%, from $664.- 795,716. Savings deposits made a very gratifying showing, anc at $468,391,1563 are down less than $3,000,000. large (Government loans floated during the year, the total would indicate a tendency among de- positors te keep ample cash bal- ances and to add steadily to their savings. Non-interest de posits, which in the main are the working balances of business and farming customers, reflect the curtailment of trade activity and lower prices, being down to $128,983,165 from $170,913,903. Shareholders will be interested in seeing that the reduction in loan accounts has more than off- get the reduction in commercial deposits. At the same time, the strong liquid position means that just as soon as trade recovers the bank is in a position to take care of the Increased require- ments of its customers. Earnings have held up well, especially in view of the lessened business activity and the lower interest rates at reserve centres. Profits for the year were $4,861,- 849, compared with $5,448,327. They fully covered dividend re- quirements of $3,850,000; contri- bution to Officers Pension Fund $200,000 appropriation for bank premises $200,000 and reserve for Dominion Government taxes $600,000. 1 by the! municipal securi- In view of the| For a number of years the hank has carried an unusually large amount in undivided pro- fits. This year the directors have authorized a transfer of $3,000,000 of this amount to in- vestment depreciation reserve. This will be regarded as a con- servative move, strengthening as it does the inner reserves of the bank to this extent and leaving $1,166,954 to be carried forward to credit of Profit and Loss Account. The annual general meeting of the shareholders will he held at the Head Office of the Bank in Montreal, on Thursday, Jan- uary 12th. Notice to Anglicans The churchwardens with an unanimous vestry have decided to hold our Annual Congrega- tional Meeting on Monday nex January 9th, 1933. There 'are several very important things to discuss, among these, will be our adieu to the mortgage, which for many years has been a "thorn in the flesh"--the nature of Satan to buffet me." To bal- ance our joy is the serious thought of St. Luke's future, what about it? At 8 o'clock on Monday next those who are interested in St. Luke's will be there, unless un- avoidable through business or sickness, but do make a great effort to attend. Rev. W. M. Clarke Cellophane Handbag made at Home one of the newest articles resulting work which has i narrow strips of transparent ma terial and attracts eness of the finished handbag. Then sew in a lining, bend the woven strip up from the bottom and down from the top until it resembles an envelope and from the popular modern handcraft ts basis in the braiding of which is now. responsible for so many | catch the lower sides with stitches of 2010 ~~ LV Ojo Q 00 Oo attractive and useful things, is the enve- lope the material used, is first cut into strips 16 inches long and four inches wide, doubled so as to be half inch wide. are tacked side by side on a board (ircn- ing, or bread, er cardboard is a good sup- | port). Be sure the strips are folded . and tac] ked straight and that they are very close together. Then cut 18 stri 4 inches wide and fold in the same manner as the 16-inch strip. Interlace them over and under the ve Keep pushing each we ing tightly ape ard so the bag re be firm. After weaving, remove the tacks. "Affix g st trip of gummed tape the entire length of each of the four sides. Turn the loose ends over these strips and fasten [ed Ko white silk. The plain trans- parent 'Cello- phane" can be easily secured by saving wrappers as so many articles now reach the buyer in a "Cellophane" cover. Rolls of coloured "Cello- phane"', to add variety and attractiveness to the purse, can be N \ 0 0 handbag. "Cellophane," which is These 6 inches hy the outside strip on them tightly. Coloured shal snd at stationery, department and woven in at top and bottom add to the | chain stores. "CELLOPHANE {s the registerc ed re e mark wating cellulose sheets and films, manufactured in 2.C 'anada under special ari cements with the duPont Cellophane Co., Inc. Churches ST. JOSEPH'S CHURCH Father Belanger, P.P. Sunday: 10 a.m. Holy Mass. 11 a.m, Catechism. 7 p.m. Rosary and Benediction ST. LUKE'S ANGLICAN CHURCH Suday Morning 5.30--Holy Communion. 10 a.m.--Sunday School. 11 a.m.--Morning Service. 7 p.m.--Evensong and Sermon. Rev. W. M. Clarke, Parish Priest ST. MATTHEWS CHURCH Eagle River, Ontario. January 8th. 1st Sunday after Epiphany. 8.00 am. Holy Communion. 11.00 a.m. Matting and Sermon. 3.00 p.m. Sunday Sehool. T. CANN, Priest in Charge. THE UNITED (HURCH OF CANADA Dryden Ontarig Dxdrift--1.30 Sanday School. 2.30 Divine Worship. Dryden--11.00 Church School. 7.00 Divine Worship. The minister will preach on-- Awareness to the Significance of the Days. You are heartily welcome. John W. Howes, Minister. CLASSIFIED COLUMN TO RENT -- FIVE ROOMED House, apply Dryden, Ontario. FOR SALE -- SOUND DRY Tamarac Wood in large or small quantities, per cord $5. « Green Birch $5 per cord, ap- ply F. Boomhower, Dryden. J. L. SKILLEN, AGENT FOR Sun Life Assurance Co. of Canada, Wawanesa Fire Insur- ance Co., Canadian Pacific Ex- press Money Orders, Cunard Steamship Tickets, and Scan- dinavian American Lines. FRATERNAL NOTICES GOLDEN STAR LODGE AF. & AM. No. 484, G.R.C. Meets in the Masonic Hall, Dry- den, the Second Tuesday of each month. Visitors cordially invited. Con Anderson, W.M. A. J. Clempson, Sec'y. LOL DRYDEN LODGE, No. *Uelie 7694 Meets the First and Third Wednesday of each month, at eight pm. in the Town Hall. Visiting brethren cordially invited. W.M.--B. R. Smith. Ree. Sec'y.--0. S. Jackson. 1.0.0.F.,, DRYDEN LODGE, 417, meets in the Town Hall, Dryden, every 2nd and 4th Mon- day in the month at 8 p.m. Visit- ing brethren cordially invited. A BUCHANAN, N.G. F. WHITELEY, Rec. See. C. J. Wright] 3) TEED () EE () SRD () GES) RE ) <i §) Genera! Statem Capital Stock Paid up Reserve Fund $35,000,000.00 $35,000,000.00 Balance of Profits carried forward. . . ........ivneins 1,166,954.95 $36,166,954.95 Dividends Unclaimed. ..................... 000000 4,996.29 Dividend No. 181 (at 189% per annum), payable Ist Pocember, B30. eee ee 875,009.60 . ---- 37,056,951.24 : . $72,056,951.24 Deposits not bearing interest $128,983,165.53 ; Deposits bear . Balances due to other Bar Balances due to Banks and Ch Gold and Subs Dominion N Deposit in the Centra : SS United States and other Foreign Currencies. ......... Notes of other Cana h Danks Sy EE Ts a ah 2,087,242.18 jues og other B: ARO A SR 18, 667, 993.61 2,232.25 Railway and other B Cali and Short (1 Current Loans and Discounts in Canade a (less rebate Current Non-Current Loans, estimated loss provided for...... Bank Premises at not more than cost, 1 Shares of and Loan Deposit with the M Other Assets not included in the forego H. 8! HOLT TO THE SHAREHOLDERS, THE ROYAL BANK OF Can with the books and acco returns ave of the Bank's fos year, aad during oy year we eounted opinion the tran sacti ons. thi powers of the Bank. the true condition of the Bank as at the Bank." Montrea , Canada, 28th December, 193 Bape of Profit and Loss Account, 30th November, 31 Dividend No. Dividend No. Dividend No. Dividend No. Transferred to Investinent Balance of Profit and Loss car H.S. HOLT, ¥ontreal, 28th December, 1932. date of Sta 468,391,153.26 662,915.70 21,056,908.77 ---- 619,094,143.26 28,733,752.74 25.600.000.90 9,352.87 335, 1768.32 28, 092, solv 71 $765,512, 920.14 14 elsewhere than in Canada $28,168,513.49 38,046,090.25 3,060,600.00 16,012,894.92 21 Gold Reserves. $85,227,898.65 Correspondents 58,645,357.92 79,402,825.96 89,448,844.13 t Securities (not dian (not exceeding market value) o...........0.. 26,750,444.41 exceeding mark 9,748,496.47 nt on Boz nds, 28,951,263.41 36,400,142.54 $355,929,915. 58 of interest) aft: and doubtful d Loans Canada (les provision for ail bad and dot Ee $252,280,972.62 re than in ng full tiuldebts 0... 104,167,441.69 4,3 3.872. 16 359,562,286.47 17,194,857.80 2,431, 601. H4 870. 947. 78 amounts written off tor for the DUT 1,666,800.00 503,766.08 of France to AI the ik si is, and the assets and liabilities of The Royal Bank of Canada (¥ the above General Statement. President Zar nz Wi SoN, . senera ar AUDITCGRS' CE RIGiaNtD al Manager 'We have examined the above St tatement of Liabili HE and Assets at 30th November, 1982, : k of Canada at Head Office and with the certided ash and securities at Head Office at the close he cash and examined the securities 1s the branches. W --- The aho »ninion SA fawn up so as to EE) close 30th orien 1932, and it is as shown by the books of A.B. PRONE, GC, A. pi Auditors. _ $9,016,954.95 i mE 206. 90 PROFIT AND LOSS ACCOUNT APPROPRIATED AS FOLLOWS: 173 at 129% per ann {AE 1,050, 1,056 240, 445.00 246,080.60 _$9,016,954.95 M. W. WILSON, General Manager President > FY pep -- SS py Pp -- EE) EE OEE OER 0 OES (SED OER) OEE (GES GED OEE OEE ( "Is Your Watch Keeping Proper Time?" If Not -- or send it to M. BEATH & COMPANY THE JEWELLERS Prices Reasonable Repairs Guaranteed C. P. R. Watch Inspector Bring i. Box 272 Dryden, Ont. Em (EE OEE - () ENED ) -<ED- () SZ i NR a HHBHUH BH RBH EH HH RE HRHE HH R HHH THER TU knee, sizes medium and large, 3 pairs for ..... $1.00 Broadeloth Slips and Bloolargiat Leeds 49c Girl's Helmets, assorted colors o.oo viii ines veins 50¢ Ladies' Sweaters, Canadian style, Monarch knit, ammorted colon onl nl Te oa $2.75 - Corticelli Yarns, one ounce balls to clear at ...... 10e FHHUHHEHHE HIRE EH EE EE TH EH HEH HH HEHEHE HH i GIRDLES AND CORSELETTES Foundation garments--several styles, fashioned from brocaded materials and panelled with elastic. Corselettes have long skirts $1.50 to $2.85 39¢ tailored style, elastic at waist and Girl's Fleeced Bloomers, navy, sizes 10, 12, 14 Rayon Bloomers, BUY NOW AND SAVE J. ELL nn HH ITH TIE | | | | | is Be J a Dryden Lumber Company, Ltd. BUILDERS AND CONTRACTORS Complete line of lumber, shingles, sash and doors, builders' hardware, roofing and building papers, b:ici, lime, plaster and plaster board. Ask us for an estimate on new or repair work. Distributors for Canadian .0il Products D. ANDERSON, Manager. og == Dryden Dry Cleaners DYERS & TAILORS Queen St. Dryden, Ont. Opp. Station Bring Your Soiled Clothes Here & Save. EXPERT DRY CLEANING AND DYEING AT CITY PRICES Furs Remodelled and Repaired at Reasonable Prices. Come in and inguire--There is no obligation. B. LEVINSON, Mgr. THE CHOICE OF ALL DRYDEN P Sparkling delicious beverages of differen manufactured right in your own town, ERVE IT AT YOUR NEXT PARTY. den Bottling Wor Opposite the Dr; flavours, rden Public School a AS ea Nm tes matt eon) HOME BAKE CANDY SHOP CREAM PUFFS SATURDAY AT SPECIAL PRICES TRS LHS] BOX CHCCOLA WHITE FLOUR BAGS We have about three dezen White Flour Bags at $1.00 per dozen. eo ee E. W. STANSFIELD & SON 0. H. PRONGER, Prop. = ns PHONE 26 We have a few lines of Groceries and & Candies to clean up on after cur Sale. 5 th dark Honey, pails Cheese, 1b Lard, in 1 Ib prints, per tb Fags, fresh seconds, dozen Putter, Scotch squares, Ib Chocolate Drops, Ib (Chocolate Buds, Ib Shelled Walnuts, th Blue Ribbon Tea, 1b Mixed Nuts, per bag 5 Ib Macaroni, box Prunes and Evaporated Apples, 1b Cooked Ham, Ib Fresh Whitefish and Trout, Ib Suckers and Jack Iish, ib 14 Ib Boxes Butter