i i i i » ES soe Thursday, January g THE DAILY NEWS 1944 a et — — — ee — ——. ——$—__ / “|THE ELECTRICAL SITUATION are now inquiring into these] Balance Sheet Suen Apri!, 1918. THE DAILY NEWS IN CITY OF WINNIPEG | ficures. pe ica Wane ; , roperty and Plant Joint use of poles investment} water power construction. . $3,605,321.39 THE LEADING NEWSPAPER IN NORTHERN BRITISH COLUMBIA Published Daily and Weekly by THE PRINCE RUPERT PUBLISHING CO. LTD., PRINCE RUPERT, B.C. SUBSCRIPTION RATES—To Canada, United States and Mexico: Daily, 50c per month, or $5.00 per year, in advance. Weekly, $2.00 per year. All Other Countries: Daily, $8.00 per year. Daily News Building, Third Ave., Prince Rupert, B. C. New York—Nationa! DAILY EDITION Some” people think the ex- have the liberty of every mayor got converted, This is isher, At the same time, as the not because he appears to be canypaign goes on the passing more tries hard to be less filthy than formerly. is that in this campaign he has H. F. McRAE, EDITOR A ND GENERAL MANAGER Weekly, $2.50 per year, strictly in advance. HEaD OFFICE BRANCH OFFICES AND AGENCIES Newspaper Bureau, 219 East 23rd St., York City. of the bylaw seems only pious, but because he tion of the mayor himself. The reason for this fact that waar yu Thursday, Jan. 8, 1914 Telephone 98. New Brit- sec- ond in importance to the elec- The the mayor has favor- ed the 4greement from the first a manager and that he is led by is only another evidence that a bit and bridle. Occasionally, he has given the subject a however, he bursts forth in great deal of thought. There such a way that all may know] are many wide-awake people the stagnant pool is still full in this town who are only just to overflowing. now beginning to see its im- OR Lee portance, When a man sup- The latest example of his ports a proposition because his old methods is his charge that friends do he at-once declares it was Mayor Pattullo who to the world that he has no accused the launch men of conviction at all in the matter. overcharging. What will that Complicated questions require large and intelligent audience the application of serious who attended that meeting thinking and most people are think of this when they see il in cold print? Can any one the task. who attended that meeting hai think hereafler that Mr. New- This citv has a herculean ton is an honest man? Mayor] task before it in preparing its Pattullo never mentioned the streets and in laying its sew- question ‘at all; “This, however,!. ers. It has another. disadvan- is a fair sample of Saim’s tage from a financial point of methods. He is underhanded, view in thal it cannot lay its unfair, and has absolutely no} ~ plans in proportion to its pop- regard for the truth when ulation, but rather must make falsehood wil suit his’ pur- those plans big enough for a poses. city of vast importance. avian ay Everybody would like to see The reference made to the the city own all its utilities launch men by another gentle- right away, but where can we man certainly was hardly fair. get the price? A speaker at The price charged for those last -night’s meeting put it boats that make a business of ealering to the public has al- not afford to build myself a ways been two dollars and a house ‘I must be centent with half. It of course is different a rented one.” with “tramp” boats not doing atine * regular service. The reference, hie de thé issue. that Bies however, Daren only es PASSING before the people of Prince remark in connection with Rupert. Don't be stampeded similar conditions that are be- lieved to exist elsewhere. ; g “a Thav ,haps: indeed the reference was ian a vas io. be not intended at all for boats ery. Get down to “brass tacks” doing standard business. and count your dollars and cents, and you will find that It is possible that a few of} you will need every one of them Mayor Pattullo’s supporters| for other works that no one cannot see their way clear Lo | will take off your hands and support the Hydro-Electrie by- | law. either too busy or vividly when he said: Per- In this of course they | : } to attract too lazy for “Tf I ean- by the people who are erying that must be done if we expect people to the city. > if ‘ein Birks G LOCKETS, SCARF PINS AND _ CUFF LINKS | APPROPRIATE CHRISTMAS GIFTS FOR MEN AND BOYS Our Catalogue illustrates a ery complete assortment of these Jewellery lines. LOCKETS in solid gold or gold filled, made in oval, square or round shapes, plain or engraved, and suitable for attaching to either FOB or WATCH CHAIN. Some of the olid g ld designs are set with a diamond centre. SCARF PINS in all designs and qualities, set with gems or semi- ‘precious .stones. You will find these very faithfully represented in our Catalogue. CUFF LINKS in many fine designs, according to the fashions of the day, in solid gold, gold filled, mother of pearl and sterling. From these designs you may choose links with either rigid or loose connections. These are thorougiily illustrated in ou Catalogue, which will be sent free to any address. Our prices are moderate and ali orders carefully filled. Sons, Limited JEWELLERS AND SILVERSMITHS Geo. E. Trorey, Managing Director VANCOUVER, B.C The city officials report that they| week, at Wallace's. 4tf = a epee — ——— = —_—_—_—__——— . ol aie ’s Your Last Ch S It $s our ast ance, coop Drawn for The Daily News by Continued from page 1) 30th is charged e., from the ist The de- months for the ending last, depreciation year April, for bul six months, i. November preceding. preciation for the $99,662.32. six was sinking fund the debentures depreciation amounts, thought unjust to those of the present time, and unduly beneficial to the future, that both sinking fund and deprecia- tion reserve should be set up so that it is provided that out of the depreciation reserve may be taken whatever are necessary to pay to the sinking fund trustees. The accounts include sinking fund items for a_ short period before the depreciation charge commenced, hence the diffirence between the deprecia- tion charge and these The main sinking fund payments the debentures were not re- quired to commence until one after the plant commenced operation. The commenemeent ist Noveber, 1911, so that it is only from the 1st November, i912, that the plant has carrying its real financial Heneeforth the plant will aside depreciation out of which the sinking fund payments will be taken. {t will not be required to provide both. The examination conducted by Yearly meet than the Il was payments are Lo less sums reserve reserves, on year was been load. sel Mr. Seott, the commission’s ac- countant, was not pretended to be an exhaustive audit. Never- theless a great deal of time was taken in eliciting information and in discussing with city rep- resentatives and _ officials the points which presented them- selves on the surface. The vised balance = sheet recently completed, and not published, is the result. When the accounts of April30 last were filed they were accom- panied by a notation that they did not contain certain items to be charged when atdited. These items were: Accounts payable re. Capital $74,918.53 Stores 39,825.39 Operating Lethe a 5 11,501.20 Accrued interest on stock and debentures .. Wages é t Accounts receivable 70,444.43 These items are included in the accounts now furnished. It is to be remarked concern- ing accounts payable that here- tofore, whether because of haste in . construction otherwise there has been a lack of reeord ofthe obligations of the depart- ment on Current aecount, Un- certainty as to exact standing ,of accounts payable has resulted, The accounts originally pub- lished showed an actual capital expenditure up to 30th April, 1913, of $5,759,169.09. The ac- counts now show expenditures $6,143.693.04 as of that date. The. difference is made up as follows: Outstanding bills payable Water power Conduit construction Conduit construction— Bills payable . or § 98,921.84 280,069.56 5,532.55 $384,523.95 bills payable is one of the shows an The outstanding on capital account items noted above, but increased amount. The conduit expenditure was omitted previously because it was thought to belong to an in- dependent city account being authorized under separate legis- lation. It is now to be considered part of the hydro-electric system. The item was given at $195,065.19 in the first state- ment. The figure for stores in the present balance sheet is $237,900.14. An inventory is produced showing as of the same time stock valued at $261,034.40. as stores not in original balance sheet now appears at $5,344.71. The depreciation and fund reserves are now $117,891.08 instead 149.52. Differences in stock issues and bank loan appear. They are evi- dently due to the introduction of the conduit sinking given al of S66,- expenditures previ- ously omitted. The deficits up to 30th April last, formerly given at $1114,- 866.22, are now stated at $142,- 274.64, Outstanding accounts as of the 30th April, 1912, had been brought into the revenues of the year 1912-1913. It is said the amount cannot be exactly arrived at so as to be excluded, and that it amounts to a figure in the neighborhood of $7,000.00. The accounts have not. been dis- turbed to meet this point. In the item above mentioned accounts receivable, no provision was made for bad debts. These have now been estimated at %7,- 711.47 and a reserve set up there- for. Objection taken Mr. was by Scott to the capitalization of the installation and removal of me- ters. The inspection and in- stallation are to remain as capi- tal items, but removals are to go to operating account. A stores and supplies item not included in the one above referred to gives rise to difficulty. There stood to the debit of this aecount the sum of $77,113.45. But the material had, it is said, gone di- rect into construction in the early stages without being accounted for through the stores depart- ment. The item is now closed by being carried to overhead dis- tribution. To an equipment account there is charged $27,824.92. far the facts as to this have not been definitely ascertained. It is said there is no inventory, and the amount should be transferred to a construction account. City of Winnipeg Hydro-Electric System, Year Ending April 30, 1913. Operating Revenues Commercial Lighting Commercial power Municipal street Hgbting So $286,437.50 71,954.59 28,921.94 Municipal buildings lighting 13,662.35 Municipal power—water works ‘ sates 64,198.27 Municipal power—Miscel laneous 3 2,467.82 Tramway earnings . . 6,649.13 Accounts receivable at 30th April, 1913 70,444.43 $544,736.03 Operating Expenses Power (schedule) ay #25,616.70 Transmission and transfor- mation (schedule : 37,573.81 Distribution (schedule) 41,969.76 Consumption (schedule $ 6947.14 Commercial (schedule) 64,701.54 General (schedule 17,079.15 Tramway (schedule 17,035.58 Undistributed (schedule 34,220.41 $245,144.06 Six months depreciation Depreciation (credited to reserve Taxes . a: $09,662.32 045.95 $102,708.25 Total operating expenses $347,852.34 Net operating revenue 796,883.69 Non-operating revenues 908,15 $197,EPed(.. income $197,791.84 Deductions from Income-— Interest on funded debt... $210,649.55 Interest on floating debt.. 70,575.19 (Contractural sinking fund requirempnis, $43,843.30 chraged “ to deprectation reserve) ; 281,224.74 Deficit at beginning of year q $58,841.74 Deficit for year........ 83,432.90 Deficit at close of year (as per balance sheet)... $142,274.64 Municipal ownership means all \public utilities within the city limits owned by the city. Under this agreement the city owns all its public utilities inside the city limits. 3tf Wait for it, don’t miss it! The big sale starting Thursday, this Distribution system 2,012,706.79 Hydro-electric system eX tension 19,601.00 $5,637,800.18 Discount and expenses, stock and debentures sold 121,359.01 oo $5,759,169.09 Conduits 280,069.09 Accounts Payable Water powel 98,921.84 Conduits 5,592.55 $6,143,693.04 Current Assets Accounts receivable $70,444.48 stores 237,900.14 Electrical appliances 3,408.20 $311,752.77 Investments Sinking fund trustees $20,496.52 Other Assets city and Winnipeg electric railway, joint use of poles #5,344.71 Consumers Wiring and in stallations 163.88 Deficit 142,274.64 $6,623,665.56 LIABILITIES. Stock and debentures £6,542,000.00 Less unsold at 30th April, 1913 934,375.00 $5,607,625.00 Current Liabilities Accounts payable $160,548.67 Bank of Montreal... 604%39.79 $854,588.46 Accrued Liabilities Unmatured interest on de benture debt ...... 35,849.55 Depreciation reserves 117,891.08 Uncollectable accounts 7.7ANA7 $6,623,665.56 Slit Stocking; Got $15. Great Falls, Mont., Jan. 7 Mrs. Lewis Gaudier, wife of a painter, was held up here Satur- day night at the point of a re- volver by two men and while one clapped his hand over her mouth, cautioning her to make no noise, the other, ascertaining she had some money in her stocking, promptly eut it open and ob- tained $45. Ladies, vote for the Company agreement and cook with ¢elec- tricity. No smoke! No dirt! No ashes! 3tf Ladies’ white embroidered dresses at sale prices on Thurs- day at Wallace's. Big bargains in ladies’s waists at Walace’s sale on Thursday. Hotel ; Directory Od Members P.R.L. Vintners Association WINDSOR HOTEL Corner of First Ave. and Eighth St. W. HM. Wright, Prop. HOTEL CENTRAL First Avenue and Seventh St. } European and American Plan | Peter Biack, Prop. e KNOX HOTEL First Ave., Between Eighth and Ninth European Plan, Rates 50c to $1.00 Per Day Beener & Beener, Props. J. Y¥. Rochester Vv. D. Casley EMPRESS HOTEL Third Ave., Betweeu Sixth and Seventh Streets European Plan, 50 to §1 Per Day PREMIER HOTEL American and European Pilap F. W. Henning, Manager ROYAL HOTEL Corley & Burgess, Props. Third Ave, and Sixth St. European Plan Steam Heated BEAVER WHOLESALE LIQUOR CO., LIMITED Second Ave. and Sixth St. Phone 102 PRINCE RUPERT IMPORTING CO., LIMITED Fraser ana Sixth Sts. Phone 7 TRURK aly atl PACIFIC General Agent Fridays at 9 a.m, For Vancouver, Victoria and Seatile S.S. PRINCE ALBERT OR JOHN Sundays at 6 p.m., For Vancouver and Victoria, commencing Sunday, January 18th pr AY SYSTEM For those contemplating a trip to any point east of Chicago t RalL service second to none, (th St For full particulars and information regarding trips to any | ALBERT DAVIDSON (Agent for all Atlantic Steamship Lines) x Rout e Double Track edd and tenuty combing 0 } Prince Rupery THE Animals, kinds and robes. class. dermist, 72 couver, B.C. Real Estate, Albert Between on application. Phone 300 Bookkeeping Taught By Private Lessons WENDELL R. JONES EXPERT ACCOUNTANT 3rd Ave. and Sth St., PRINCE RUPERT, B.C. birds, of game Insurance and Loan Notary Public. Rents and Collections Block, 2nd Avenue Prince 5th and 6th Streeis HARRISON. ROGERS Suite 1, Federal Block PRINCE KUPERT, ‘ST. ANDREW'S SOCIETY UP-TO-DATE HAIRDRESSING PARLORS 211 Third Work Strictly First Class Switches of All Kinds and Hair Goods 4 Specialty St. fish and heads St., GEORGE LEEK Rupert LAND CLEARING Peter Nelson is open to take contracts) fom clearing land in and around also cordwood for fuel, ete. Terms, B.C, ROOMS : | Second Avenue, Opposite Empress Theatre Business meeting 2nd Friday in month. | Visiting Seotsmen are cordially invited. | For rates for hall rent apply secretary, | Ss, D. MACDONALD CHAS, DENNIS President secretary | er “< ' Phone 639 all mounted; hides tanned and made into rugs All work strictly first A. MITTLER, Expert Taxi- Helmecken Van- Broker Terrace; ete, P. 0. Box 1635 any time 138 2nd Ave. 839 Srd Ave. W. THE RELIABLE PLUMBER HARRY HANSON DAY AND NIGHT Out-of-Town Work Hotel and Restaurant Work Tenders on New Work Plumbing Insured from Frost Work Done Premptly Reasonable Prices One Trial Will Convince You F. M. CROSBY Second Hand Dealer Wants to buy all kinds of Househoid Fur- piture, everything in the line of Mechanics’ | Tools, Guns ana Men's Clothing. Highest prices paid Phone Red 243 | licigerson Block Phone 489 SERVICE and Guaranteed at Will call | | }Office 606 3rd Ave. | INDUSTRIAL SITES Third Ave, With Rail and Water Transportation Apply HARRISON GAMBLE & CO. Financial Agents Prince Rupert | HAYNER BROS. UNDERTAKERS anv EME Funeral Directors Ord Ave. near 6th St. PL \LMERS E. L, FISHER Funeral Director and Embeimer CHARGES REASONABLE 2nd Gt., cor. 2nd Ave. Phone a6¢ OPEN DAY AND NiGH APN RSS If you are looking fo to-date renting agen your property in the George Leek. GEORGE LEEK 220 2nd Ave. Ph COAL New Wellington Ceal. Phone 116 Best on the Coast Rogers & Black SMITH & MALLETT THIRD AVE Plumbing, Heating, Steamfitting and Sheet Metal Work JMicn: 8rd Ave, Workshop Phone 174 2nd Ave. bet. 7th and “th Su Second Avenue WILLIAM T. HOUSE B.C. Land Surveyor 2156 ne ij PRINCE RUPERT i bi BD. C, STUART Accountent 308 2na Ave. - Phone 280 PRINCE RUPERT. 8. 0 Alex. M. Manson, B. A. W. E, Williams, 5B. A., LL WILLIAMS & MANSON Barristers, Solicitors, Etc MONEY TO LOAN Box 1585 Prince Ru; t Teaming, Sa Furniture Carefully Storage and Forwarding Wood and Coal “PACIFIC TRANSFER C0. and Baggag: and Promptly P. O. Box 203 Phone @ P. ROBERTSON Chartered Accountant Audits, Investigations, Adjustments, Lia’ dations and Assignments Smith Block, 3rd Ave., Frince Rupert, 8 © TRY A “NEWS” WANT AD LUMBER COAL —snd— Complete Line of BUILDERS’ SUPPLIES WESTHOLME LUMBER CO., Limited Phone 186 FAT CHANCE IM THAT Boss Us PRESENT! ENTRANCE ‘Yo STO Re ee —l— \ j —_—_——- ! Hi PF SAY PAL-OURE. B\G AN STRONG TLL GWE YH Two BATS TO GOIN THAT STORE AN’ BOY ME A TWo NESSUR- TUL GETCHA THE BEST PRESENT © BELIEVE ME — SHAT WUZ SOME CRowd BUT X m GOT A PRESENT. THA LADY WILL BE. < WHATOYA ee in| ~e - in —_ LGe-- | {