2 THE BAILY yews | j rhe harvest was a fair ote, the complete THE BANK OF BRITISH NORTH AMERICA ‘:* ss" a) estimated yield of over .¢ THE DAILY NEWS THE LEADING NEWSPAPER 'N NORTHERN BRITISH COLUMBIA Publishes Daily and Weekly by THE PRINCE RUPERT PUBLISHING CO. LTD, PRINCE RUPERT, B.c. Established in 1836. Incorporated by Royal Charter in 1840. tainiy have been eonsiderably greater but ATCA Double Weekly Service by the splendid steamer, PRINCE RUPERT and PRINCE GEORGE Leave Prince Rupert for Vancouver, Victoria q, ‘ Mondays and Fridays at oA mM weettle og For Gtewart on Thuredays sam For Granby Bay on Sundays at aa y Steamers Prince John and Prince Maintain Weekly Service Between Vict . Queen Charlotte Islands, Calling at Wa i bound Saturdays at & P.M. Commer Masset and Naden Warbor, leaving Prince | Commencing A GRAND ACLS System bushels The total area sown Would cer for the vuf(evipable weather eondi tions which prevailed last spring Agriculture SUBSCRIPTION RATES—To Canada, United States and Mexico: : wae i’ Scach or tes Gen & oad @ aby nth oy Si fe uy eae” Woe SEVENTY-SEVENTH ANNUAL REPORT AND BALANGE SHEET|:» "os © $2.00 per year. All Other Countries: Daily, $8.00 per year. ao nae a all peculiar in Canada’s ex Weekly, $2.50 per year, strictly in advance, J aE ~ ye - Report of the Directors of the Bank of British North tions have been very satisfactory; all busi TRANSIENT DISPLAY ADVERTISING-—50 cents per inch, CGontract ‘ nese ts active, and a strong demand for rates on application. America, Presented to the Proprietors at Their money exists, and seems likely to com inne we vneral srosperity of Seventy-Seventh Yearly General Meeting, Ta eas See ma oe tame vol have caused on Tuesday, March 4th, 1913, the basic ees ox y Ban orene | the great progress Albe HEAD OFFICE Daily News Building, Third Ave., Prince Rupert, B.C. Telephone 98 Train No, 2, for New Hazelton, leaves Prince | The court of directors submits the accompanying balance sheet to the 30th | the past few years, |.¢., a rapidly typ chee and Saturda ’ A ; BRANCH OFFICES AND AGENCIES November last population and ample supplies of fresh Orand Truok Railway System from Chicag 7 ’ ates ¢ all | It Will be seen that the profits for the half year, including $175,610.22 brought apital, It would not be wise, however Canada — ted tat ee ualled rvies , : : . . ° : e . . oo ri » ac 1 f ror a nrormation, tickets, reservatior New York—Nationg! Newspaper Bureau, 219 East 28rd St., New) forward trom tast account, amount to $563,514.02, whieh the directors propose to |to overtook the fact that the activity of General Agent. Agency all Atlantic Steams! : A. moma York City distribute as follows trade has been stimulated to some extent) : #TER, . — In the payment of a dividend of 40s per share #104,666.67 by the spending of profits arising out of Seattle—Puget Sound News Co Payable less income tax, on the 4th April next real estate transactions, nor can ft be ex 1ae 10.00 pected that profits on the same scale} . wn . : . a Te , | Transferring to the reserve fund London, England—The Glougher Syndicate, Grand Trunk Building, | pansrorring to the bank premises account CANADIAN PACIFIC RAILWAY Littl ’ NEW , : » > o yonus of & per ct t to the Staff, bo 066.67 ture they give rise to will continues in Trafalgar Square. And in the payment of a bon t 5 per by "i about 4 79 |definitely. A word on the issue of new || ARE YOU GOING EAST e S S Ag =3 000.00 from this souree, as well as the expendi Leaving a balance to be carried forward po,4aae ae Subscribers will greatly oblige by promptly calling up Phone 98 in The above dividend will make a ei of 8 per cent. for the year — creaflons ae, oe a rekt THIS SUMMER? Magazines :: Peri, . : : i“ >» par TT J sarriere The dividend warrants will be remitted to the proprietors on the d April next ut of piace Canada has een 4 ery : . \ewspg ease of non-delivery or inattention on the part of The News carriers Since the last report a sub-branch has been opened at the Union Stock Yards large borrower on the London market Special Rroucsiogs , May, 56m to Sep CIGARS rOBACCY ie mm 3 my e , . aT ty a , alla aia . — — West Toronto, and a branch has been clos d at St. Martins, New Brunswick during the past few years, and it is a good Returning Limit October Sist 2nd Ave Below kK RI ITs ea . The following appropriations from the profit and loss account have been made and healthy sign of the country’s growth} Vancouver to Toronto and ale Ialang Clu DAILY EDITION ago. Thursday, May 1, 1913./5.. ine penent of the staff, vir so lone as the capital obtained ts wisely return iy 1 ae $92.00 eee ee _ R siatieadadais To the officers’ widows and orphans fund & 3.691.08 and economically spent; but at the same | oe to Montreal anc $105.00 To the officers’ pension fund 17,740.38 time the appetite of the English investing |] yancouver to New York and SS THE MOST PROSPEROUS period covered represented only To the officers’ life insurance fund 973.33 wiblic is mot unlimited, and there are at return +0 th ; $108.60 . ee . . Vancouver to Chicago anc . eleven months, London, 18th February, 1913 wesent signs of an attack of indigesti return $72.60 E B | YEAR IN ITS HISTORY. : Secieian Talli vale’ bee Ake aes Im quite & number of cases Iatety the in |] vgnpuuver’ to" Bi’ Pail and’ 2k mpress bow ing Heys i .3e ‘ 1 of stria . ea r public € jled to come Y ¢ 60 if in thon cae . er partment of the business The seventy -seventh yearly general |tory, and reflects the greatest credit on : yoy , ~ a - ; oh ; = : a ~ dur pili Corresponding Low AND POOL ROOM (i . . °o we relle ‘ ve vile riters m ‘ « development the records of all showed considerable expansion | meeting of the Bank of British North) the staff, to whose loyal peration aNd) iatter have been left with a big proporti +6 oo me noes Pp 12 TAM | ; , : rica was held on Tuesday, March 4, , ener y om ec we owe : General Agent Cor, 3rd Ave & 6th St » Prop the large Canadian banks in- and the necessity for more tor clean ° = "7 ys watt n. 5 Grac dane - aan a. , tion of the stock on their hands. Cond! ' Mary, South, Sunday, 6 P. M Prince Rupert Emplioyme a a 7 : a e offices o e corpo 5 ace wrefore, that, as in jf s years 0 . . . on ™ orate | : ae ' * ©. Box 4 Mt Bureay dicate expansion and increased commodious premises tO COPC | church street, E. C., Mr. €. W. Tomkinson | catistactory trading you have been pleased . e . seed scsleies — ons License a “ *‘rease : S85 eos esae He o a res eap creations < . profits, and in this respect the with the increased busine presiding sanetion the bonuses menended BY} inn.) to continve 60, owing, firstly, ' BEES became evident at a number of The secretary (Mr. A. G. Wallis) having |the court, you will be pleased on this 0¢-]in, ‘fact of the great activity of trade SS Bank of British North America T -he T . , g » notice conve > ~e ecasion to signify your apy il of a bonus . j 7 the branches. To meet the]read the notice convening the meeting ae n this country which ts keeping mone —— Racer 6 Suelsvens situation, new and ilarger|. The chairman said: The next business jas the rate of 5 per cent., amounting, a} gap, and, secondly, fo the large pr M B E R ’ | . is the report of the directors and state- | Stated in the report, to about $34,066.67 ae tan sovern ' O A The seventy-seventh annual hhal ‘ bable requirements en : : buildings are being erected at ment of accounts to be submitted, but}As regards bank mises, 5 will note | ments cdi deny have ts be met br tx statement and balance sheet several points, the more im-| with your leave I will take them, as usual, |that we appropriate $7 ) gt OF TRO] nn ules te Beeline e0 ik SMe : . eo : ‘ , . are “ee s rea ll first ask your attention to| year's profits to this a nt As you given elsewhere in our columns yvortant of which are Montreal, |as read. I wi demands of railways, municipalities, ete : Jol s i Ed t the balance sheet, on which a few com-jhave heard at former meetings, the open tt new nd developing: « ntries of New Wellington Ceal, Best on the affords solid evidence of the St. John and Edmonton. ; m : a aes ne n the new and de pin | . 4 ments and explanations are, I think, re- jing of fresh branches a the growth Of fin. world We have a fatriy wide a Coast development of this well con- In the course of his address quired. Taking first the debit side, the /the bank's business demand continued €x-] Guaintance among those who undertake Phone 116 Ri 4 k the chairman dealt ably with reserve fund now stands at the figure of |penditure on this account and you wil th new issues, Le bankers stock and agers Black . . ) f marks . ; “s mo a Fads a : ese ne . ank« i “ ted institution and mat economic conditions in Canada, = 920,000, £ compared “= ane =e Pwo ao that provision IST heokers, and underwriters, and we think Complete Line of < the most prosperous year in incidentally touching upon the ast year nis increase is effectec ) ne phe equirec © meet any epreciation t will be niv prudent for those ‘intend transfer of $146,000 from the profits of |rather the reverse, as ir property tends], . its existence. In his address tendency toward rash borrow-|j..) year. a larger appropriation than we,to increase in value—but simply to meet). ” to embark on . hemes ce * | BUILDERS SUPPLI LINDSAY’ CARTAGE and . ‘ 5 ph ; z ; : , ication to the London market not to . to the shareholders the chair- ing gn the London market, and |nave often made before, but one which|the growing need of the bank's business e without first realising the diMculties WESTHOLME LUMBER CO., Limited STORAGE man drew attention to this and referred in appreciative terms|we believe will meet with your approval/!t will, perhaps, be of interest to you W]iney may have to meet and the high Ph 186 am added with justifiable pride toward the late gereral man-|both from the point of view of the sound-j|hear that the foundations of our neW] rates they are likely to be required tt ae G. T. P. Transfer Agents * 7 ness of a policy of strengthening the re building at Montreal are now in, and good ‘ . 7 . « ar “Ne ager . Ss » € g 2 ay As to the rospects for the pre . @ that the record was particu ager, Mr. H. Stikeman, and his neueb Gh-tuuch 0 penatile, MAR tects Gd prenteee, We tana: eit be.imese GI 100 ov. son odd oh aoa Bene Sw en Orders promptly filled Prices reasonabls larly remarkable as owing to a successor, Mr. H. B. Macken-|ract tnat it brings it up to the satisfac-}erection during the coming summer. Some dangersous business, but there ts good |it @ pleasing duty t ne 0 OFFICE—H. B. Rochester. Centre st Phoet change in the bank's year the zie. tory 1 wind fieure of #2.920.000 Deposits; Of you may have noticed statements in reason for thinking that a larger area than |, possibly “ y have «@ ad ex “a show the considerable increase of #$3,-| the press with regard to our intentions in]... before will this year be under crop seca aoe. Te 7 , ~ | 385,272.80, which I think is a good and| Connection with our building at Edmonton, | .ineo a greater acreage was summer fal sined about the reserve fund and the) substantial growth, having regard to the] to the effect that we had decided to put up], _ | reserve from bank premises. Y ef owed last year than in the previous year fact that money has been in strong de-{4 ten storey building. This information is] yoreover. it is hardly t be expectea|°? % the & ding at Edmonton, | have SMITH & MALLETT mand Notes in circulation show an in- | dite erroneous ur building at Edmot that we shall see a repetition of the un siways thought that “u were extreme | THIRD AVE rease ¢ 56.5 . » 0 , 1 andseme built consis 5 se in havin buildings ith h of vay « $3 ve — ee _ a ee en , rons : ' sally nfavorable weather conditions ™ : ' ; ‘ ow tial ' : os Plumbing Heating, Stear hitting and 049.26 Following the practice of the] ing of four storeys, i. e., a basement, a ; ' ; . ; . ve a Bn tee 2c (pene which prevailed last spring, and which n : : ' sheet Met Ww > reat Joint Stock Banks, we now show the} oor for the bank's business entire and : evat mewha we ia " ee etal Work jouDt prevented the seeding of a consid . separately from} two % of offices above; but we have | the buildings around because it bas | | (ffice: §rd Av Workaba amount of our acceptances . erable area Meanwhile mmigration con nad Phone i74 iA * jour ther liabilities, which is an improve » idea embarking pon a more am peeesinn 7 = encrmens stati ond trem curred t me that mn these Canadian : .) jment, we think, as revealing more clearly | Ditious building programme, as has been|ine figures at present to hand it appear mes Wales Grow 6 Apia ~ ‘ . mT , . al - ; 1 ' : . asibl . es the bank's position With regard to the! *U¢fested In some quarters A new branch kel that the total for the fiseal year | °*°S ‘ score f the best 7 ble t ! ’ ae be 1 rel ‘ al the tt exten f ’ | 10 |“Liability under guarantee in respect of is ¢ pened since the last rey t atl ending tet t.. will amount t rT lthe Sove ads of #30¢ the Ur Stock Y is, West eront “ . busines I mis st 1d i n a | [ue Sovereign Rank of Canada” of $300 , ards, West 7 WO ssupens. So quence WGNCS te tee pees LoS “Valhalla” of S.H. &EF 1. ’ con ne | 3 i al , @ R A | | ©) 9) aad Bank premises account has increased by|' Montreal. After so many years of de-} sisting, too, in the main of men and wom. |°U°" #* Lethbridge and Red Deer, but that voted service to $ @ matter which ho doubt you have hot $73,447.73; that is after crediting the ac the Bank's interest hisfen in the prime of bite During the past OCEN Eveaincs UNTIL 9OCLOCK count with the provision of $73,000.00) retirement, will, I believe, be no less re-|year Mr. Hoare and Mr. Mayne Campbell from the year’s profits, but I shall refer|#'etted by you than it was by the court.} have both visited Canada and have done hear from you that your late general mat ; to this account subsequently The profits; ©a4nnot, however, let this occasion pass} much valuable work in the bank's tnter ager, having felt obliged to retire after OWN YOUR OWN HOME of the past half year, as stated in the re-| Without saying how great has been thelest, for whieh we are extremely indebted. | var Eevee, OS Wee Serve © Oe Barristers, Solicitors, Ete. the value of his bank, has been succeeded by Mr. Macken , port, including earry forward of sound Judgment and mature}! now bee to move that the report and Bo : T $175,610.22, amount to $563,544,02,/@XPerience in the general manager’s chair|accounts be adopted | Me. | Gms enttomely ping thst your chalc a6 BE INDEPENDEN which we propose to allocate as follows:|®9@ bow much the bank is indebted té i hh, Manet’ tet te comeed Me |} fell upon him, for when I made his ac- | Melgereen Bleck Prince Rupert, $194,666.67 in the payment of a dividend] for building up its business on safe] adoption of the report | quaintance in Victoria some years ago—tt ul have been inforemd in previous : br se has been closed at St. Martins ending March 31, 1912 1 is ° wees pwa a ay an ears that no loss was anticipated in this ew Br swick We hope shortly to hear = : . sentemetions: te , 1. i: e ! rt 4 act onnection Unfortunately, the winding} that our branch at Regina has been opened a. oe . es ay pe . ss ; = re o ; ry w : have put r butid SCAN DIN ANIAN ery jup of the affairs of this institution now] During the past year, as are aware, | 490.000 whet ns sone . poptlatien in thet | '"% ® Edmont ‘ eh as f at : Easier to Use |seems likely to yield a less favorable re-; Mr Stikeman has resigned the position! sountry was 40 millions rhe populatior 1 think at ' " ! ee ba > & © | Meets every 2 and 4 1. Better for the Shoes sult, and there will probably be some loss has held for so many years of gen f Canada is now only just eight millions |“ “ we sf aye but 1 : p.m. in the hall a ve |which, however, we have fully provided} «ral Manager of the bank The reasons| which goes to show how extremely rapid ay tad em Meier substantia Z = for according to the information im our| Which led Mr. Stikeman to ask to be re s the growth of Canada at the present ind tf Edmonton grows i mn easil ‘ possession Turning now to the- credit] lieved of his office were entirely in con time, even when compared with the large ‘tend your buliding f you think it more side, cash and specie are down by #562 wetion with his health, which he felt growth of the United States in an earlier lesirable to do ral than obtain 4 D. C. STUART 614.85: cash at call and short notice are | ¥@* no longer equal to the strain of the period of that country’s history '. ate fresh le 1t strikes me si that you | —EE up by #1,329,325.13 The proportion of | Work and responsibilities which fall t brings home t us how enormous a ds ave sther a small proportion of branches | Accountant ——_ — wr soeash «to immediate liabilities is 33] e lot of a general manager Mr. Stike velopment is required in every sort of nm Alberta, Dut | daresay that has been 308 2na Ave aie Phone 280 ( < ma per cent Investments show but very] Man's connection with the Bank extended] direction, both public and private, wher areful considered by , \iber™® | auaiter for the City of Prince Rupet ° hd bd : slight changes, and stand in the books at/over @ period of forty years, including[a countr? has to provide for an annual |" "© De wolne ahead at ao woe Y PRINCE RUPERT. 8. C wD y | L W or below their market value Bills re-| “ree years as first agent at New York, lincrease of population by immigration |" ™ i Bmow thet some of th aan ceivable show an increase of $3,124,463.26 and eighteen months as general manageriaione of 5 per cent that increass have branches in one or tw ther places oa Alex. @. Manson, B A W. E Williams, BA, LEE WILLIAMS & MANSON loverlooked | was extremely pleased t le an ani , rom Coast to Coast in Canada j P 7 We ave loaning money fro ; m gree of 405 a share, less income tax, $146,000.00] 404 Conservative lines. Good as was the The Chairman—if any ‘shareholder has | "Y**"? ss oF seven—t was particularly | to our contract holders to to. reserve, $73,000.00 to bank premises] Credit of the Bank of British North Am-lany questions to ask on the subject of struck with him. 1 regarded him as ah aoe pRINCE RUPE? BUY OR BUILD HOMES account, and $34,066.67 in the payment/@rea in 1894, when Mr, Stikeman took] the bank’s business I shall be very pleas oe of extraordinary capabilities and of |**™ ‘ s 5 pe . © the sts . over . one - » boundless ner) always te the . ry PAY OFF MORTGAGES =< bones ot 5 pe t atee ' ° taf, ~_ om om on “_ RANT, we believe |ed to do my best to answer him s couuineh ‘esuntiam ts eth hein te at JOHN &. DAVEY D re to be carries orward 6 stands even higher today, an were the Mr Theodore Ilis ‘itliame re j oy , aS i — © : ' IMPROVE REAL ESTATE eodore Ell William M hair ihe came in contact There are one or two | TEAC HER OF SINGING | $93,446.80. The balance sheet, | think you| ©4use of this result to be sought, it might} man. your speech has been so complete | matters, if | am not taking up your time: oxo anam, 100,08 too much, on which | should like to draw | P68? oF we. roron AT will agree, shows 4 healthy condition of|irly be replied that it waS in large}that I have little to ask you in connec , affairs, both as regards the growth of the} ™easure due to Mr. Stikeman’s efforts.}] tion with the report before us: in fact o/ bank's business and the general strength} The general managership thus vacated has| you have already referred to certain points re Opinion from you, if you see your way a to give one as being indirectly at any ile, connected with the business of the ; | and soundness of our position, and in the} been filled by Mr. H. B. McKenzie, wholon which | would have asked for an ex : as You probably observed in the Times | | } latter connection I may mention that full} "as the entire confidence of the court.| planation. First, let me say. however provision has beef made for all probable| Mr. MeKenzie has had a wide experience|that it is generally considered an omin PER AN m | ony oy > ego age your notice of the beats business, as inspector,|ous sign when many shareholders attend 4 ‘ ri s made up to No-| ranch manager, superintendent of cen-|la public meeting; on the other hand, it ts Investigate the ©. H. I. C, contract plan today. It will vember 30 instead of to December 31, the| Pal branches, and finally, for the past|a sign that the shareholders are absoli pay you. It means becoming your own landlord. latter having alway been the date for the |four years as superintendent of branches | tely Satisfied with the eondeet of ps HAYNER BROS. » eM ALMERS f last Saturday an article on “Canadian UNDERTAKERS 4% f Banking and 4 telegram from the Times rrespondent on the subject He seems to tink that there is @ disposition to op- | ore Sr¢d Ave pose the extension of charters except o1 s closing of our accounts in previous years,|'" Montreal. He is a man in the prime of |business of a company by the directors | The Canadian Home Investment Company, Ltd. and the profits earned, therefore, are for a} life, forty-five years of age, and is very|when but few attend. No such idea has | U CoMditions. That ts @ matter which | period of eleven months as compared with|tishly thought of by all who know him. weighed with me in coming here today fects this benk, although it will not do | Home Office, Pacific Building, Vancouver, B. C. complete periods of twelve months pre-|We look forward to his filling the posi-|I know that during the considerable ou AS for some years, as we have just had | Prince Rupert Office, Federal Buiiding viously, Bearing in mind this faet, a com-|tion to the satisfaction of the court and|ber of years that I have been a share. |” {Marler renewed. Amongst those pro Open Evenings Until 9 o'Clock parison of the profits for the past three| the pfofit. of the shareholders. Having| holder in the bank you have had but very |e * “Hat seem likely to be objectionable - 2 FISHER years is interesting, and shows the result} QOwW dealt with the affairs of the bank in| small meetings, but | have uniformly re nat ae wee you Will be Better hie to re 7 Embaine? j for the eleven months just closed in «| detail, | think you will probably like to|ceived such courteous consideration as @ caren SA cpsasen, ate Tantasien of veterves Funeral Director and . Particularly favorable light, For 1910 the| hear a few words from me on the sub- | shareholder from the board and also as a inepection by government inapectore, lend | HARGES AREAS ‘poone 288 profits were $554,800. for 19414 $627,800,| Jeet of the general trade conditions pre-|small customer from the oMecials of the banks, rural eredit and interference with 2nd &t., cor. 2nd Ave HT and for 1912 (eleven months), $678,-|Vailing in Canada during the past year and|bank, both in London and New York, and OPEN DAY AND NIG 505.57 rhe result, | think, 18 satisfac-}om the subjeet of the present position.'at one or two other branches, that I reel | Continued on Page 3.) —_— —— ——— — = EEE —— = — Scoop Has More Patriotism Than Appetite Drawn for The Va MAYBE YOURE HOMESICK ENOUGH To EAT ir j\ THe BesT GEE BOSS-L WAS a 1) THING Tve , SO HOME sick THAT FoR. SusT one a 4 SEEN SINCE WHEN T SAW t fo WE'Ve BEEN P - HAT Bust oF a IN Mexico UNCLE SAM-I JUST HAD TO Bouv \T- ain'r \v a DANDY? \ —= sf PL yy Oe Lee /f / @®ruas