ee ae provided for all bad and doubtful) debts. without drawing on the Stantial inside reserves held by anet bank at that time, but lave mater- 1 me added to them during & the per; Out of the profits of the year there a n $6,358,730 are higher by hed a nus 8 first paid in 1920 with the intima- Poy 2 Current “Loans and Diss unis tion that it would only continue over © $6,000,000 lower, being the period of good times but which $49, 356/228. 78 compared with $56,- has been paid regularly ever since, 3,946.39, which is due in ’ Books! Bosksk Our stock ‘of books, of: ar deny Jatest and best copyright andr poets, ete. Books for Men, Women, ~ Stationery! :. A choice line of the best: procurable: ko tie pie me although it may be found advisable fen crop movement in the West be- and eb Sil fe gd Cards. Many new Inepest our and agg not ta continue it another year. ing later than it was a year ago, Dare 75 Circulation but to a greater extent to the ecur- . ‘ 3 ; at . ' lapige en : The baiance sheet too,-we consider} tnilment of the demand for loans, || B es H mn : P % Book ; Gh Ce ee) Se alan im quite satisfactory. According to Cus-)owing to. slack business, which 1) /5 : ibl , y and rayer ym ; +S eee ew stock of Bibles, Testaments, Prayer Books and Hym Ys. tom, I will explain briefly a few of|have already referred to, There is as the changes which have taken place. |aiso a fairly substantial reduction in Warwicks fed line. This line contains numerous articles suitable fo for Christ ; > mas gifts and party prizes. sg Tee) ? (in attr star Wh it puree pease we Tee sae ste wee Taking as usual our Habilities first: |the amount of our Loans to Western F ountain Pens and Pencils! } the Circulation of $9,626,554 shows/ farmer customers who had in many earry the well known Parker Duofold Fountain Pens and regular - a falling off of about ~ $1,300,000) cases over-borrowed. The greacer from a year ago or practically 9% -|portion of the funds freed by Parker Woutatn Pens. The old reliable Waterman. Ideal Fountain Pens and Pencils and the Wahl (new stock) Eversharp Pencils. bd This compares with a falling off in contraction in the Loans haye found Dolls, T eys, Games! the circulation of all banks, accord-|gafe if somewhat less profitable em- i ing to the Government return of the/ ployment in the increased amounts =5 A nice“line of Dressed Dolls and Mama cecal priced from 25¢ up. A . complete stock of various kinds of ToyS and Gam 30th. September, 1924, (which is tue) of securities held and loans at call last available for comparative pur-jand to Cities and Municipalities, poses and figures taken from which] which I have just referred to. Com- o ‘ I will make use of throughout My|/pared with last year the percentage andies or hristmas remarks) of $20,703,748 or 11.2%.|of decrease in our Loans was 10.5°% , ‘ . This general falling off in circulation | and the decrease in the loans of all iv is undoubtedly due to less activity inj the Chartered Banks in Canada, ac- . ‘i trade and somewhat lower prices. cording to the September Govern- As in former years we will have SPEC- a pa "posits cage yA ment Returns, was a round $100, A . e deposits, w urse s6€/ 000,000 or exactly 9.4%. Our Loans ' IAL CHRISTMAS CANDIES —a necessity the portion of the bank's. usiness|and Discounts have received a con- be ; " Id’ most likely to be disturbed by un-j|tinuous overhauling’ throughout the ? for every home and for every child § toward conditions and which last) year and we believe that they are a : stocking for Christmas. year showed a shrinkage of $1,650,-| particularly clean and desirable ‘et. “ patter "38,120,090 cc oo a x There has been a decrease of nearly i i tal be re comipared w 50% in the Non Current Louns gs v Do not fail to secure your Christmas $30,442 1983 or leas by apMlehown bythe statement. while tes necds from us, seocsnaiaty $1, 300,006). 1 am _ real estate, mortgages and other ie ng — Inst y nee th 4 saints remain as just about the same : : alling off was in @ur public deposits! fy ur We are now carrying a fine line of | the decline this r is altogether in sod -, Bank Premises J t alan d vith the ™ , ; FANCY BISCUITS. 4 wieliondi a Geransioant, The “cay tee Se ek and Inspect our stock te | , . our Bank ses’ Account, w . which is actually some $1,315.000 has grown a little, tiaving increased Ma less than it was 2 year ago. Our ord-| ai0.5 the year from $4798.06! 83 || 5 *4 Pai ech fellewine tne Henge | 2. $5.062.808.65. Most of thls has] | liott reer. : Bank disaster, were shrinking a reat ae ——— by the rag | a ‘ ‘~_ ; referred to in my remarks las - F Sj : The Home of Home-Made Candy and Pure I Shrink until the turn of the year,|*ear) from the Liquidator pf the || “Quality and Service” a oe IOMS S ORE Se ACY ae ure ce eam “ ur cat tence nines 4m prove- Home Bank of Canada of four offices is Gabel's Old Stand. Wallace Street. f isi : one and, notwithstanding the fact in Toronto situated at Bloor and ‘ : B q that we havc closed a number of of-| Bathurst Sts., Church Street, Queen] ; P: ; fices, are~actutilly some $500,000 and Bathurst Streets and West Tor- ‘ | mora than they were last October, a, We subsequently purchased. and 1 feel they will continue to! Pre the price is included in our — . |Premises Account. the premises Brow, eae penses eee Seek Cee \fo rmerly occupied by the Home Bank has heen a substantial increase in as the number of our depositing eustg- | Of pom we eee hee wa — mers during the year. The deposits! We needed premises o Rave AM of all the banks, according to the! >Uilt and equipped a new building #. : : sey _ ro Danforth anf Carlew Aves. tf: = TURUNEN UIa my Christmas Cards Etc! We are showing a complete range of Christmas Greeting Cards in single and folder design. Christmas tags, seals-and cord, Christmas tree decora- tions and Christmas bells. The well known. Dennison Ilne .of decorated and plain crepe paper Subscript fons? e take oo for any magazine or newspaper you may desire. We nr prompt service . Dene aT (i = 3 . Ke 3 ROTO TORT a iver <enennernrpereraeeneenneesenmneeeenr OEIU TS IOE Jane Your trade kee be appreciated and you are invited to visit our store 4 » Return of September, chow 1 Searles er kee Mesgee $27,-| Toronto and have erected moderate 564, 581 or 1. 5°; the deposits of the//Temises at Cottam and Kirkland Imperial Bank "ot Canada have de-| Lake, Ontairo. Handel in the Pre creased 1.4%, so that we fully held|vimee of Saskatchewan and at Jas bilities to the public call for no par-| to Bank ay ag hen a A ticular: comment—they comprise or- Durt "the ran a enaand } dinary banking balances kept by our uring e year ar correspondence in Canada, the Un-| ranches in Toronto at the four ia — strengthen oyr chain of Branches up 4 points where we acquired the Home : ited States and elsewhere for their Genk Offices, The vacéita. wah ‘ Mar year. | Yonge Street north of Toronto, We daiiy transaction? and the Letters of ¢ Nea) ar! possibly one exception, have justi- Gn Credit outstanding. As in former =. Ths OM cuee § VENTILATED ° e Oash and Liquid Asscts closed twelve Branches ane Sub- , Making C hristmas Cake Turning to the other side—that is, Seances wecatle {a the Wet where v3 od 1.4%, 8 r a} , “eee . ei : ° : rg Yberta. On the d our own, something which we con-| Per and Sangudo in Al strue as a well-merited mark of pub-| ther hand, we disposed of various ig i 72 ea 1 or oO er years we have no borrowings or| fied our doin the Assets: In Cash on Hand and at! ' vecaitg (4k wok david teake' som 2 wy tho t of i Is No E ¥ Bankers, Notes and Cheques on tinuance or where we were able to ; ever 1 the confi . small pieces of property which were jit So ee king Balance not likely to be required, the full cY. ! The other items among our lia- proceeds in all cases being credited v . + +4 Branch opened during the year was of see a patie ae ahead se gen at Richmond Hill, where the amal- os e pe 7) osu any borrowings under the Finance pametip n of the Standard and Ster- ; = Act nor have we had any during the| ing Banks offered an opportunity to : Ps Other Banks, Deposits in the Central un Gold Reserves and other instantly aoa ooeeinicn Oumar io the i | available assets of that kind we have heavy cee ar acias tepewe and d you? Z 3 27,153,070.69, t - Especially if after your trouble you have en i x can ar the burden of taxation placed upon . ; #Z ° : , ‘. an ranches, y : ; ‘ ‘ ae the misfortune to get it burned. And there's Liabilities are nearly $8,000,000 less. | Gu, policy will be one of expansion a i 4 se It equals 28% of our total Liabilities in this direction. It is not unlikely ; ; But . No economy in it either—not when you can te ihe Bye cotpared — 76% | that it will be found advisable to 4 ‘ 7 ast year. e e include our —— - ‘ r the r ant- ; _| Withdraw some of our smaller offices ,. SianK 2 k pu chase eal thing from us, in any quant pigenr gon’ waae nek a a el where dull business makes, it impos- What could compare with ity desired and iced to your order, at the tc, we have $58,951 118.69 of reed, | sible to earn the cost of maintaining teed Marshall % i avatios of reac-|them and I fancy that this will be f Guaran arsha the t of lifetim of ; ; Cushions e a e reduced price this season of onl ily available Assets compared with ‘ e 7 $55,786,268.66 in October 1923, an| (ound tg be the policy of all Canad { 06Mattresses increase of over $3,000,000, a per-| ‘29 banks for — to come. béar this Trade Mark COMFORT! ; comeaye Of SSSR soemared WER) on. grote of the bank consists of 256 : =< tO mother, sister, friend, — 30c a pound i 54% in 1923, a very strong position 1.240 office of whom ter e Have you tried our Cream Goods _ | indeed I think you will agree. young wumen sel ) bare pleagure: in $29.50 f0 $75 | bi on Saturday. There has been Uttle change in| #&@in testifying to their zeal and ef-j . Guaranteed for § years the character of the Reserves. There | ficiency. S been a reduction of a million Shareholders ge in the amount deposited in! The number of our shareholders 3 e Gold Reserve, representing cash|continues to grow, the number on G t; S reloased throygh the retirement of| October 31st being 2,413, compared - Circulation. The sécurities held are| With 2,364 a year ago, and 2,055 in of a somewhat higher grade—Bonds|1920. An increase of nearly 400 of and guaranteed by the Dominion} Shareholders, or nearly 20% in the BA KERY and Provincial Governments being} Past four years is very gratifying to BQ QB roughly a million and a half higher,|the management, who regard it as \e _ at $13,487,079, while Munictpal se-, strong evidence of the high stand- curities are about a million less at|ing of the bank in the eyés of the $3,696,366 and Railway and other} Public generally. - I would like here to voice my real-| ~ 5 nT antion, of the loss sustained by the . pope he and the management ae the bank in the passing of Dr. Mer. ly oung Men! eel as Director and Vice-President, be Protect Your Ankles | | ‘ ing also congratulate ee on your : fortune = eae { P _ Jf you are wearing Oxfords for winter. We have a Two Buckle Overshoe that is E made to fit tight and neat around the ankle. Made especially ‘to wear with Oxfords. Our Marshall Ventilated Mattress Cc., Limited ‘ TORONTO “ good of Mr. Walte Laidlaw ad a Dir- ector. His pe Sam has my very Condition of Business : : i. It is the custom of the President aa j - viees Ag phrase oe and || Slowtand:‘baa-given: poe A vary thet _ FURNI TURE DEALER mmary. his feeling . There has re- Wallace St. - Listowel improyement in j : . also the au ~ ~ {condition of our Western farmers as| Much has been written and said interests and who oF one to ritnacd pt bagd ati > Pek ede pot mach ee Seaton kate any Bee a reget age reer banking. with su arge culty mm: m competition} absorption of a uniee rove-| ‘nose provinces, end one of Cankaas iwith the big fellows, and, as the|¢rate-sized banks needs is an increase | President at sresteat. nu Re number of Broth ny the land. Until. some such movement. occurs