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Bernice Emily Wellwood, the 8 months old daughter of M and Mrs W. J. Wellwood of Durham, died on Sunday from pneumonia after a short iiness. Sask., and grandson of Mr and Mrs John Hincks of Egremont, was awardâ€" ed the late Governorâ€"General of Sask. medal for Grade 12 for high standing and work for term ending June 1940. Gordon had the very high average of 91.6, having Jed his classes all thru high school. He was born and educated in Craik, and is now at-' tending Normal School in Moose Jaw.l Sask. 1 AWARDED GOovernor HUNTLY R. to meet payment of Liabilities to the Public of leaving an excess of Assets over Liabilities to the Public when n i idanttrndt $ uie ie rvuug its management and the extent of its resources. For 123 years t Z:wb ongontred has been in the forefront of Canadian finance. Tbestrenglbofcbabisda'erniaedbyitsbédor!{fi TOTAL OF QUICKLY AVAILABLE RESOURCES «_ $663,185,436.13 (equal to 75% of all Liabilities to the Public) Loans to Provincial and Municipal Governments including School Districts en w o omm 26 212 N/2 20 BANK OF MONTREAL RESOURCES To meet the foregoing Liabilities the Bank has Cash in its Vaults and Money on Deposit with Bank of Canada . . â€" . _ . _ Notes of and Cheques on Other Banks . LIABILITIES TO THE SHAREHOLDERS Capital, Surplus and Undivided Profits and Reserves for Dividends . e § Represents liabilities of customers on acéunt ovf Letters of Credit issued and Drafts accepted by the Bank for their account. Other Assets not included in the Foregoing . . Making Total Assets of . _ . . , ; _ LIABILITIES TO THE PUBLIC Two properties only are carried in the names of bholding companies; the stock and bonds of these companies are enâ€" tirely owned by the Bank and appear on its books at $1.00 in each case. All other of the Bank‘s premises, the value of which largely exceeds $13,900,000, appear under this heading. Real Estate, and Mortgages on Real Estate Sold by the Secured by bonds, stocks and other negotiable securities of greater value than the loans and representing moneys quickly available with no disturbing effect on conditions in Canada. Call Loans in Canada _ . o a o o o o Payable on demand and secured by bonds and stocks of greater value than the loans. Bankers" Acceptances: . i‘ . â€" l2 l.zn .. .s. .. GENERAL‘S MEDAL , 17 year old son of Call Loans outside of: Cana'da Not exceeding market value. The greater portion consists giltâ€"edge securities which mature at earl y dates. Stocks . a c o c m o o s Industrial and other stockt Not ovreedino mrker malsia Money on Deposit with Other Banks . Government and Other Bonds and Debentures Appropriation for Bank Premises . . . Balance of Profit and Loss Account, 31st October, 1939 Balance of Profit and Loss carried forward . . Profits for the year ended 31st October, 1940, after making appropriations to Contingent Reserve Fund, out of which Fund full provision for Bad and Doubtful Debts has been made, and after deducting Dominion and Provincial Government Taxes amounting to $1,927,824.40 . . . Dividends paid or payable to Sharcholders . 200 .0 $2 880000 on Other Liabilities to the Public s S a Items which do not come under the foregoing headings Total Liabilities to the Public £ A A Total Liabilities . o Payable on demand and after notice. Notes of the Bank in Circulation o s Payable on demand. Acceptances and Letters of Credit Outstanding A presentation, in easily understandable form, * of the Bank‘s, ANNUAL STATEMENT 31st October, 1940 Acquired in the Acqutrea in the course of the Bank‘s business and in process of being realized upon. stomers‘ Liability under Acceptances and Letters of Credit . T x x A ar C To manufacturers, farmers, merchants and consistent with sound banking. Prime drafts a.:upred by other Available on demand or at short notice Payable in cash on presentation. e e e e e OSE * * * * U This amount represents the shareholders interest in the Bank, over which liabilities to the public take precedence. f Financial responsibilities undertaken on (see offâ€"setting amount in "Resources Je and Mortgages on Real Estate Sold bv the other stocks. Not exceeding market value PROFIT and LOSS ACCOUNT frequently. four days later. Mr and Mrs Tipler are weillâ€"known in this Jocality, having visited here It was learned heve with deep reâ€" gret of the death in Detroit, Mich. of Arthur ‘Tipler, husband of Kate Weir. He was struck by a hitâ€"andâ€" run driver on November, eleventh and was so badly injured he died YOUNGâ€"At St. Jacobs, on Sunday, Nov. 10th, to Dr and Mrs . Dondld Young, a daughter (Crystel Donalâ€" Thursday, Ndy. 2ist, to M Mrs Hugh Yake, Egremont, a Established 1817 banks ARTHUR TIPLER Durham Hospital, on others, on conditions behalf of customers JACKSON DODDsS, $2,880,000.00 _ 500,000.00 Je Offlt' General Muaggy; of $ 77,083,656.50 $961,334,955.77_ 884,251,299.27 The snow fence has been all erectâ€" ed along the Highway to aid in keepâ€" ing the roads open for traffic. Mrs J. Whyte S$r. spent Sunday viith her daughter, Mrs R. Pinde:. on Sunday with Mr Robert Carmount and family. Miss Davessa Dickson is visiting lv:ith friends at Guelph. __Mr and Mrs Victor Longo and Carâ€" oline of Kitchener visited with Mrs Wm. Dickson on Sunday. Miss Caroâ€" line remained for a longer visit with her grandmother. & | Mr and Mrs Jchn Nelson and Doug-' las visited Sunday with Mr and .\irs! Wm. Nelson. l $ 83,034,576.56 32,254,269.70 $961,334,955.77 35,313,063.39 233,560,368.24 $884,251,299.27 $848,865,349.96 11,677,303.17 461,827,040.63 13,900,000.00 2,724,581.95 Mr and Mrs Allan Holliday visited : Sunday with Mr Robert Carmount $1,321,642.15 $ 55,941.59 1,265,700.56 19,552,470.11 $3,435,941.59 61,382,283.44 77,083,656.50 4,606,348.55 3,380,000.00 11,677,303.17 19,816,520.50 974,202.89 3,892,125.64 332,264.27 196,182.87 THE DURHAM REVIEW (aie"l SIsSpIn reeently attended the Coun. H. Cowan remarked there Silver Wedding Anniversary of Mr pad been a lot of .kicking about the and Mrs Claud Witherow, Normanby. weeds on roadsides. and the time is M Russel Drimmie was in Aylmer coming when a sprayer must be one day last week. â€" His sister, Mrs bought. H. Roth and Mr Roth have moved Robect Sim assured the Council there from Mt. Forest. > not to be afraid of his entry; he Mrs. Claud Witherow spent severâ€" found that a good fellow before, al days last week at the home 0‘ was often said to be a rogue when her _ parents, Mr and Mcs Peter pe got into Council. His only criticâ€" Mutch. ism was ‘twas a mistake to put gravâ€" Several cases of measles have been e1 on roads so late in fall. _ Should reported in the community. ‘ spend ‘snowplowing: money to kill nnerromirnincn ariinn omm annons | weeds. The field crop judge remarkâ€"| ? 'ed roadsides were â€" a disgrace in BORN : Egzemont. fhs O‘BRECHTâ€"In Mount Forest Hospit â€" Reeve Patterson replied to a few al, Sunday. morning Nov. 24th, to criticisms or comments. Grey is the M and Mrs. Fred O‘Brecht, (nee only County left in Ontario that doesâ€" Edith Hunter) of Mount Forest, @ not snowplow. He was not in favour daughter, (Karen Faith.) of a 50â€"50 division of cost. bat Mrs. Claud Witherow spent severâ€" al days last week at the home o% her parents, Mr and Mcs Peter Mutch. Mr and Mrs Peter Mutch and Mr. Grant Crispin reeently attended the Silver Wedding Anniversary of Mr and Mrs Claud Witherow, Normanby. M Russel Drimmie was in Aylmer one day last week. His sister, Mrs â€" H. Roth and Mr Roth have moved there from Mt. Forest. > f Several of our men have been calâ€" led for a month‘s training. A2: Grant Crispin has gone ti! Kitchâ€" ener and Messrs Lloyd Long and Harry Mather to! Long Branch. Mr Ed. Watson, Durham spent Sunâ€" day with Mr and Mrs George Drimâ€" Corp. Fred Carrow, Mrs Carrow and Paul, Sarnia were guests at the home of Mr and Mrs J. D. Drimmie one day last; week. Mr and Mrs Arthur Eccles spent Sunday with Mr and. Mrs Jas. Laâ€" mont of Woodland. Mr J. D. Drimmie spent a day last week in London, Mr and Mrs Alex. Henderson are spending several weeks with memâ€" bers of their family at Guelph and Allistonr. Mr and Mrs Chas. Daly and family fzom near Clifford visited recently with Mr and Mrs Ralph Lamont. _ Guests during the week with Mr. and Mrs James Nicholson were Mr. and Mrs Andrew Wagner and Stella, Weodland, and Mr and Mrs No.man MacMillan and Keith, Arthur tp. Mr Arthur Haas is spendfng a week in Montreal. The Community Circle met Monday night in the United Church. The meeting was opened with the call tc worship and scripture reading by Evelyn Love. An interesting topic, "How we got our bible" was; take~ by Rev. L. Knox. Laura Matherled in community singing and Elizabeth Aitken had charge of the games. Mr and Mrs McGuire, Jean, Eleanor and Desdemona, spent Supday with Mr and Mrs Wm. Teeter in Durham Bev.â€"(Gibscn is spending a few days in Owen Sound visiting his parents, Mr and Mrs Bert Gibson. Wm. Connell of Guelph spent Sunâ€" day in the village. f Dougall McMillin and Bryce Merâ€" cer of Hamilton spent the week end in the village. i Mrs. Aberdein spent Thursday in Mount Forest and attended the Hagâ€" gis supper in the Presbyterian church Mr and Mrs James Glenister and sons of ‘Toronto spent the week end with Mr and Mrs Geo. Burrows. on Caturday. n * i _ With Clerk J. M. Nicholson voted Mrs Hatch of Mount Forest spent to the chair, Reeve Patterson was Thursday with Mr and Mrs Irvin. j first called upon. He said the tp. had Mr. Irvin received the sad news of 2 fairly good year, bank bcâ€"rowings his brother‘s death in Duluth on Saâ€" down from $21,000 last year to turday. ‘ |to $6,100 this. Roads had been hard Mr J. Reid of Conn spent Sunday to keep up this year. with his mother, Mrs T. J. Reid. | Launching into County affairs, he Vincent Ellis of Guelph spent the "82d off Co. receipts and payments. . weekend with his parents, Dr. and GveY is in real good shape, ‘only $95, Mrs. W. P. Ellis. 540 net debt, and $47,000 estimated Mr and Mrs C. Fenton visited the SUrplus in 1941. The County Roads‘ Port Albert ai~ field the first of week Com. had laid 44 miles of mulch _ C Accigent. We are pleased to see +N©¢ Present Council, and the new !her looking so well. We wish her a 21¢ Which is apparently @#ving spienâ€" speedy recovery. did satisfaction is Mr and Mrs Geo. Aitken, Mr. and Reeveâ€"â€"S. M. Patterson. Mrs Win. Aitken, attended the fune _ DePUty ~eeveâ€"Wm. J. Aldcorn. ral of their cousin, Mrs R. Barbour, _ CoUncillorsâ€"Findlay Clark, Henâ€" on Sunday afternoor. . ry Cowan, Thos. Hattle. | M Lorne Moore spent the week| The only other candidate nominated‘ end in Palmerston with his parents, Was Robert Sim for councilior. Mr. and Mrs. E. Moore. Mr. Sim _ withdrew announcing Mr and Mrs R. Treleaven, Mr. and be had no intention of causing an Mrs Ken_Alles visited in Palmerston Clection. from Durham hospital where she was for three weeks foliowing an automoâ€" bile accident. We are pleased to see S1rs 1. J. Reid spent a few days last week with friends in Mt. Forest. Mr and Mrs Norman Treleaven and Mrs Hetherington spent a few days in Toronto last week. My Treleaven attended the Buttermakers‘ Convenâ€" cion held in the Royal York and the ladies visited friends. Miss Fileen Smith of Gugiph spent the week end with her parents, Mr. and Mrs E. Smith HOLSTEIN LEADER ONTARIO ARCHIVES TORONTO YEOVIL zeturned home Coun. Thos. Hattle complained the power sraders were not used on $th and 10th concessions at all, but we understand these roads were in pretâ€" ty good shape. There‘s lots of crushed stone at; sides of road: paâ€" trolmen could fill in and fix roads and keep money in township. Sheep killed cost $314 this year; only $50 last year. Road Insurance is $45 less.i there being no claims. It cost $381 for keeping snow roads open.l With only $320 Shent for bridges and' $243 fow> culverts, the township got, away easy. Coun. Findlay Clark thought the tp. balance at first of year would be about same as last. _ A lot had been‘ paid for snowplowing less for relief,| but nothing had been spent on weed elimination . It‘s little use cutting’ weeds; they should be killed by spraying. l Depâ€"reeve Wm. J. Aldcorn said this would be his fourth year as deputy, the third by acclamation. Beâ€" fore another contest he will be deputy five years, and he now felt that he should then retire, or run for reeve. He was plump against snowâ€" plowing which costs a lot. The Co. graders may perhaps be a little cheaper for tp. road work, but they were held back a month or .more, roads got bad and they cost the tp. too much. He had expected Holstein would get the pavement this year, but a soft hole in south end first needs tiling, and thinks it will come next vear. He hoped to get bend on 12th con. sideroad to No. 6 highway straightened out; it has now been surveyed. this winter; Holstein should get in touch with Owen Sound Highways office to secure it. Co. Council will do all they can to get any plow municipalities want. County snowâ€" plowing is coming however,â€"and soon; but for the war, it would be here now. County education costs ave steadily increasing; in Egremont‘ they are a little less, while tp. rate. is also a little lower. | A resolution to buy a Co. snowâ€" plow was voted down, only mover and seconder supporting it,> Ayton will be taken care of by Provincial plow road this year, but hadn‘t enough graders after loaning maintainers to the townships. Already three years in office, Egreâ€" mont Township Council was returnâ€" ed by aeclamation Friday last for anâ€" other term of two years, without 2 dissenting volce. â€" There was little interest taken throughout the town ship, no contentious questions were before the electors, and it was a flne‘ day for farm work,. Only 38 electors including the Council, attended the‘ meeting. Egrenont‘s Council â€"Back by Acclamation ‘The ] The funepl of the late Mrs Robt. Barbour on Sunday last was largely attended by friends and neighbors . | Deepest sympathy is extended to Mr. Barbour and family in their beâ€" reavement. |â€" The Ladies‘ Guild held a sociable _evening at the home of Mre â€" u.. attendance. ‘The evening was spen; in games and social intercourse. Rev. R. S. Jones offered prayer, aftc: which a tenâ€"cent tea was served by Mesdames Hooper. ‘The tea ouns visiting ".iends in Toronto and where. Mr and Mrs ‘ames Leeson and two daughters spent Sunday with Mr and Mrs Fred Schmidt of Allan Park. Quite a numuber were engaged in shingling the new Orange Hal: in Varney this Wednesday afternoor visitors with Mr Mr Arthur Rahn of Strai Reta and A~ Oscar Rahn 0 er, spent Sunday with Mr Miss Perdue of Tcronto spent weekend with her sister, Mrs W Kerr. Measles are going the ~;cunds :n the village. Mrs Wm. Picken of Bentinck ard Mr and Mrs Clarence Hutchinson and son Roy of Durham spent Friday af ternoon with Mr and Mrs Jas Leeson Threshing in this vicinity was comâ€" pleted this week. Mr Will Ritchie and Mrs Thos. M Girr of Durham spent the first of the week with Mrand Mrs Wilbert Blythe. Mr and ‘"Mrs Arthur Atkinson, Durâ€" ham were Sunday guests of M and He did not believe in forcing a vote on the electors for a twoâ€"year term, or otherwise. Council had askâ€" ed for petition for it if desired, but none was forthcoming. f on a 25â€"â€"25% basis. Blocked roads he realized. are a detriment to a small village. The â€" horseâ€"drawn grader has served its day; our roads are mostly too narrow; we‘ve got to have heavy grader. It cost the tp. only $400 for ordinary work and $240 for widening and grading Philp‘s sideroad. He admitted too late gravelâ€" ling: ideal time is Sept. and October, or carly spring. â€" He thought weeds in Egremont no worse than elseâ€" where, but sompthing has to be done. A year ago it was requested each ratepayer cut weeds in front of owni places and tp. on sideroads. Some did it; ‘twould be best if all did so. ; Mr would favor keeping main Co. roads opened if municipalities‘ share was U eee ol P ienctnatiisonee Wlinacmien n snn ciable change. ' After payment of the usual diviâ€" The bank‘s part in financing the ‘dends and appropriations of $500,000 expansion of industrial, _ agricu}. for bank premises, $55,941 . was tural _ and other productive and, added to the balance of profit and general business activities throughâ€" loss ecmpared with $82,446 in 1939; cut the country is reflected in a,n"the total balance in this account is increase of over $13,000,000 in lcans now $1.321,642. 8 l After a year of wartime condiâ€" ";p manufacturers, farmers, merâ€" tions, the annual statement of the chants and others," at $233,560,868, 'Bank of Montreal reflects again‘ the compared with $220,548,911. _ Loans | strength and soliqarity of an instiâ€" to provincial and municipal govâ€" ‘tution which for 123 years has been ernments, . including school â€" disâ€" in the forefront of Canadian finance. tricts of $35,313,063, compare with 'IAséeta of | $961,334,955 show some $36,712818, while other items ‘icontmtion as compared ‘with the among the bank‘s resourcesâ€"Bank previcus report, when an allâ€"time Premises $13,900,000. Acceptances and record of $1,025,508,367 was estab petters of Credit, $11,677,303, and llishedâ€"due in part to transactions "other assets," $2,724 581 â€" show of a special nature, as was explai®»~ no important changes. ed at the annual meeting of shareâ€" : ‘holde':sâ€"but showing :g substantial wilt):p(;s;fi'w;t o:::'s's?.':::' ‘c:t,mpz:z ;’;‘;’erf;;:;’ i:"elggst‘_“ ot" 5874'255"!bank in efveulation, at $19,816,520, ‘The profits for the year, after were less by $1,950,172, in keepfng rasking appropriations to" Contin with the contraction . of issuing gent Reserve Fund and provision power under the Bank Act; .a.ccep- aoe * han capg sasmeuror Sgept, Aug Oe mand. Ietlorns ioh Acredit ‘outâ€" ’Federal and Provincial taxes, were ‘s.tandh:.lg at $11,677,303, and other $2.435,941, as compared with $3462â€" (AP""U® to the amount iof | #3.802.â€" slsn ons Anemoresss on doe Nee thon, nome Aiteshe the total bank‘s contributions to public reve-,;”f liabilities to the public at $8841.â€" nues is.indicated by an increase in 251,299 hbeing lower by $64,251,622. Federal and Provincial taxes from The reduction in deposits can be $1,198,413 | to $1,927.524, or $729.411,; (2kCn 28 ® result of the withdrawal ‘The profits are the equivalent r Of the special transactions already 4.5% on the capital, rest and “n.:referred to and public participation divided prcfits, showing no appreâ€"| in government war financing. ciable change. , After payment of the usual diviâ€" ALLAN‘S CORNERS away on a visit Gordon Flewellyn and Mr [cCabe of Toronto were re CMERTEARARdET NE VARNFEYV Rahn of Stratford, of Montreal Report ‘ f Reveals Warâ€"Time Strength Harry Caldwell ar> compared ~with the among the bank‘s 1 . when an allâ€"time Ppremises $13,900,000. 4 5,508,367 was estab petters of Credit, $1 part to transactions "other assets," $2,7 ure, as was explain no important changes 1 meeting of share Manasite â€" o. €R18 86 Mr and Mrs! Double action. ... hn who had| Double barmony. ... returned with! ble entertainment * of Kitchenâ€" us recent . Meâ€" it the Waiter instiâ€" to provincial and : municipal govâ€" been ernments, â€" including .school disâ€" imceâ€" tricts of $35,313,063, compare with some $36,712,818, while _ other items the »zanc the bank‘s resourcesâ€"Bank "Strike up the Band Showing under Women‘s Inst | THUR.. FRID. AFTER SUnDay MON.. TUES w ‘The Farmer‘s *‘Daughter‘ â€"AND oN THE SAME PROGRAMâ€" Martha Raye Char‘es Ruggles Paul wMtenaa;:d 7Mc Orchestra A large number of men attended the sale of Mr imph Lennox on Nov. 2ist, where stock, implements » and furniture were disposed at fainy $ high prices. Mr and Mrs Lannox are rather irdispceed and thought it best to take life easier. At the present time it is their intention to remain on the farm. Mr and Mrs Reggie Ramaczce purpose moving in and taking charge of the farm duties. Musical Whirlwing â€" : Songs to make your heart sing lendour to dazrle your eyes . .. ay On Nov 20th the friends and neighâ€" bors gathered at the home of Mr and Mrs. Wm. Ellis, where they were presented with an address and a purse of money. They are prepariny to move to Holstein in the near future. be accepted if they pass their medic al test. were presided over by the S. S. No. 12 teacher, Miss Maloy. The meeting was enjoygi by all present. The December Guild meeting will be held at the home of Mrs Thox. Tucker on Friday Dec. 6th. Raymond Brown, son of John T. Prcwn has gone to Galt where he has secured a position. Mr Robert Hunter and Edgar Patâ€" terson bave volunteered for aeroâ€" *S hooting High‘ bank in ~irculation, at $19,816,520, were less by $1,250,172, in keeping with the contraction . of issuing power under the Bank Act; accepâ€" "other assets," $2,724,581 â€" show no important changes. Deposits, at; $848,865,349, ccmpare with $914,909,050; notes _ of the â€"ROXY AUCTION SALE MOUNT the auspices of the MIDNITE, 12.05, HCL Wt ns will at Friends from : David and Alico \® and â€" Lealie Maim Clifford Lindsay military training c The remains we Durham cemetery deceased, Georze chie, _ Thomas a William Ritchie a contributed sone M« the home of Mr Lindsay and was und they first an North Egremont ed Merritt post abolished . PFo Lindsay, 3rd . whom she has and a half years eight children «q daughters) of th Eliza MecGirr, _ N MRS. J% In hber S3rd Wilson, a wel spected aged died last Thurs bome of her Lindsar. "rd . he Melville Anders Among those tance were T his mother, Geof «nd daughter â€" Mrs Mitchell ; (sister and brot «l1 of Hamilton: cf Ningara °Fa and husband Gu Petawawa . t id thev The were Lesli¢ Norman Melville Ar me." The pall bors: John Ne MecGirr, John | Jos. McCaslin W. Hirtie. Th ck of Ages" " and Mrs l M 1858 n in Keigchle sons and th Hamilton: J land BRattaTe inson near St. T ago she s n« The funer n M M ibout he? Wilson funer Durham Durham . Mr and | the {unw It came town and the sudder Ann Mc moved hbor ted State Smith of VOLU TLillian a May pred h The rincham ollinson USe on n« la eCeased Ca 1V7 marrik it MARS ber n th n tha hom«x, 10M« iltali (Ive x N ollins one ol Si rinch CtOr ely nd a be lenel whit ollin dece D wal : who n San itil W ba m«