= | i } H. F. MeRAE, EDITO R AND MANAGER s HEAD OFFICE Daily News Building, 3rd Ave, Prince Rupert, B.C. Telephone 98. TRANSIENT DISPLAY ADVERTISING—-50 cents per inch. rates on application. Oontract DAILY EDITION EDITORIA Ls It is only a few years ago Siace everybody was pointing to Canada as a law-abiding country; a country where po- litical purity existed in a mark- ed gressors were dealt with in a degree and where trans- summary manner. Contracts was freqently made with politi- cal in the United States much to the advantage The terrible dis- closures that have been made conditions of Canada. of late, however, in connection with the purchase of war mate- rial shows that Canada has caught up and gone away be- yond anything yet disclosed in The regret, too, is that the govern- the American Republic. ment has seen fit in most cases It is no disgrace for a government to have robbers in their ranks providing they are willing to to shelter the criminals. have them exposed and the proper punishment dealt out. But a mild l@pture to the of- They should be made to feel the pinch of the fenders is futile. law in the severest form that it ean be administered. * * = It is not only in Dominion affairs that corruption is prac- ticed. Premier was recently found In New Brunswick the guilty of the grossest graft and forced to resign. In Manito- ba the government is face to face with a charge of a huge misappropriation of funds in connection with the construc- tion of Parliament buildings. On the request of the opposi- tion the Lieutenant Governor recently prorogued the House until a royal commission should investigate the matter and the evidence so far submit- ted seems to substantiate the charges. In British Columbia ministers of the crown have been found guilty of “cattle rustling,” trust company “busting” and “baiting” rail- way kings. What is the coun- try coming to? Is the moral stamina of the people dead or will there be a_ revulsion against such iniquities. Can- ada has reached a crisis in her history. We must clean up or go duwn and out. af + a * + The Bank of British North America, one of Canada’s old- est and best known banking in- bad a ae MY NEW \ .S POLICE REPORTER- ON MWY TO TH NOW TO TELL'EM vy ‘ Waar Mo LAM BUSINESS (S AN’ GET. POLICE STAN f Oe stitutions, has just issued its seventy-ninth annual report, in which it shows nett profits of $645,000. with other banks, this is a decrease In common from the earnings in 1913, but an examination of the balance sheet, which appears elsewhere in this issue, reveals a position of selid strength, particularly so in the case of Cash Aseets, which, Bank amount to no less than 64 per with Balances, cent of the bank's immediate liabilities. a In times like the present, a a policy that safeguards the in- terests of the depositing public to such an extent is in itself the highest recommendation a bank can have, and that the de- positors of the Bank of British North America appreciate this fact is evident, as the amount on deposit shows an increase of over $4,000,000. * * > Despite the doubling of its Cash Reserves, the bank exer- cised on restrain upon its bor- rowing customers for the le- gtitimate requirements of their business, and the total of Cur- rent Loan in Canada shows lit- tle change from the figures of the previous year. * * * The careful management of this bank has always been un- derstood and need not be com- mented upon, but it is note- worthy that, despite the gen- eral depression in_ security values, it has not been found necessary to make any provsi- sion for depreciation of invest- which quer Bonds and Dominion of ments, include Exche- Canada 3 3-4 per cent Bonds. In addition, the bank subscrib- ed for $500,000 of the British War Loan. The changed at 8 per cent. Substan- dividend remains un- tial appropriations were made for the various funds for the benefit of the staff, while $25,- 000 was subscribed to the Ca- nadian Patriotic Fund and the Red Cross Society. About 15 per cent of the staff are, at prsent, on active ser- vice in the defence of the Em- pire. Something THE DAILY NEWS | SOLDIERS ON ACTIVE THE DAILY NEws | THE LEADING NEWSPAPER IN NORTHERN BRITISH COLUMBIA Published Daily and Weekly Guaranteed Largest Circulation SERVICE TO HAVE OPPORTUNITY TO VOTE (Continued From Page One.) expert amender of obnoxious clauses and it just naturally can | keep its hands off a bill like that At least that is the theory. Whether the Senate rises to the bait or not it’s a safe statement that almost anybody could make that bill a great deal better than i! stands now. He would be doing a good work at that and if any government supporter yelled traitor at him he could get back by retorting “Boots” or “Binocu- lars’ or “Horses” or something equally relevant. Indeed, there are plenty of good answers to those who may be using the old flag at the next general election to cover a multitude of sins. The objections to the were many and interesting. was that there were at least four | places on the way there and back | where the ballots might go} wrong. Considering human| frailty the opposition was not in- clined to ask the government to | incur this great tempttation. The! limits of virtue must not be | strained. _ Colonel Hugh Clark | blurted out the truth when he a | bill | one that the bill was framed with the idea of a general election and that} a general election which did not | include the votes of the 89,000 | soldiers who are now overseas or | in Canadian training camps would not be a complete expression of | opinion. Which not only goes to| that the government does | not intend to wait until after the | war is over to hold a general elec- | tion but also that the predomi- | nant party is very much of Mr. Dooley’s mind when he said, ‘I) care not who does the votin’ s0| long as I do the countin’.”’ It’s in} the matter of counting that mis- takes are liable to occur, particu- larly in the counting of 35,000 overseas votes which are not sub- ject to the usual restrictions. To the 54,000 voters encamped in va- rious parts of Canada the oppo- sition does not strenuously ob- ject because these voters will be fully apprised of the issues and will be provided with the custom- ary apparatus of Canadian elec- tions in the shape of pooling booths and such but the 35,000 overseas voters are another story. The popular last election was only 50,000 in a vote of 1,250,090 and with the ebb of Con- servative sentiment what it is the opposition does not feel like los- ing track of 35,000 votes which might tip the seale one way or another. Dr. Michael Clark laid his fin- ger on another weak spot when he pointed out that the Canadian overseas soldiers were now en- tirely under the authority ef the British War Office, and that Lord show Kitchener might not tolerate electioneering in the trenches, much less taking the soldiers away from their work to vote. | Such a thing as voting on the bat- | tiefield is contrary to all imperial ' garded for the time being as a man apart with a higher, sterner About A Chief of Police precedent, the soldier being re- | | | i duty to perform than mere voting. Dr. Clark, who has son at the Monday fey lay Ap 19 1945 eee The Bank of British North America ESTABLISHED IN 1836. Incorporated by Royal Charter in 1840, PAID-UP CAPITAL, $4,866,666.66 RESERVE FUND, $3,017,333.33 Seventy-Ninth Annual Report and Balaice Sheet Report of the Directors of The Bank of British North America, d to the Proprietors at Their Seventy-Ninth Y Macting, on Tuesday, March 2nd, 1915. early General The Court of Directors submit the re te ye to 80th November last e seen that the profits for the Year, including 487.85 brought forward ¢, noveahunr ae amount to $615,014.27 of which $194,666.66 was appropriated to a dividend uate October, leaving a balance of $450,347.61 out of which the Directors propose to declare a Divitend 10s. per Share, payable, less Income Tax, on 8rd April next, leaving a balance of §}: 7,081.69 to by carried forward. The above Dividend will make a distribution of 8 per cent. for the Vear. The Dividend Warrants will be remitted to the Proprietors on the Ist April next ine the Year that closed 80th November last, Branches were opened at Brom} and sees Geta, B. C., a Branch was closed at Paynton, Sask. and a Sub- Bran: h at | oa Lae Avenue, North Vancouver, B. C. The following appropriations from the Profit and Loss Account have been made for the bene of the Staff, viz. :— To the Officers’ Widows and Orphans Fund............. $ 7,862.7 sh We Pension Fumd...cccsscscccoccecescsces 82,509.83 ts " Life Insurance Fund.......eesesseeeees 2,920.00 These amounts are for the whole year and include those already set forth in the Statement to 80th May, 1914. Donations amounting to $24,333.33 have been made to the Canadian Patriotic Fund and the Canadian Red Cross Society. London, 18th February, 1915. — General Statement of Liabilities and Assets AS ON 30th NOVEMBER, 1914 LIABILITIES Capital—20,000 Shares of £50 each fully paid.......... evcoes $4,804 686.66 Reserup Fund. .. .........ccsescccsevcccvcccsescessccovcces . $,017 333.83 Dividends Declared and Unpaid.........+++ Eocveesdeccsccseve 4,081.85 Profit and Loss Account— Balance brought forward from 29th November, 1913.. ... 803,104.21 Dividend paid April, 1014 .....cscesesvcseccevervecssese 104 666.66 108,437.65 Net Profit for the year ending this date after deducting all current charges and providing for bad and doubtful GUNG. o6 950 058% bs BU cbc 0Sscowig ita ceedves sé seu ene ba __ 596,576.72 645,014.27 Dividend paid October, 1914...... oor secececs deevesveces 104,666.66 Deduct : 450,347.61 Transferred to Bank Premises Account... ... $ 973.33 Transferred to Officers’ Widows and Orphans eT eee eee 7,862.77 Transferred to Officers’ Life Insurance Fund 2,920.00 Transferred to Officers’ Pension Fund...... 52,509.83 Canadian Patriotic Fund and Canadian Red Coane Gaekat ys... i.00c cries seporccevess 24,333.33 88,599.26 Balance available for April Dividend................ 861,748.95 Notes of the Bank in Circulation. .........+seecseee- ee 4,427 423.58 Deposits not Bearing Interest. ...........:seecerseecseeecees 16,967 ,655 36 Deposits Bearing Interest, including Interest accrued to date. 26,307 607.43 Seienaes due to other Banks in Canada...........00++ éccvens 173 03.68 Balances due to Banks and Banking Correspondents in the le United Kingdom and Foreign Countries,........0s00+++ 314,776.56 Bille Payedse... .. vi sccecerssedesvsevess 00 000 00eecesensebe coe 2,124, 504.54 Acceptances under Letters of Credit... ..0.scseeeseseeecceee . 1,669, 200.10 Liabilities and Accounts not included in the Foregoing..... oe 1,369,058.91 Liability on Endorsements. .......+06++++00005 Pe sioneccic ee $614,663.23 ——e- Liability under Guarantee in respect of the Sovereign Bank Of Camada..... .ccsccccece bad. oes eebessPachilnsees soees 300,000.00 — $60, 604,993.30 ASSETS — Current Cole and Bullloe, 6600080900 bcosc0e cede resescs «ss» $ 8,083,877.86 Dominion Notes........ deneaedhbooceccracesess eosadberc¥ies 7,588, 168.87 $10, 622,046.73 Wate Oh ctlane Dette 65's conta on 5.00 0400 tennss rene sssigncns 877,653.59 Cheques on other Banks.............0.0005 éiechaiens ee vhs 1,733, 655.87 Balances que by other Basis in Coneda Tee reves ian seals 8,154.83 Balances due by and Ban Correspondents elsewhere than in Canede. varicose : wees naa ree nsae os tae ; 2,941 835.78 Dominion Province vernment Securities not exceeding Market Value.......... i attenhsdebhtatacceienantes dhe . 2,992.79 Canadian Municipal Securities and British, Foreign and Exchequer Bonds £510,800, @ Cost, and amount paid juer , ‘ost, and amount Allotment, £100,000 War Loan)...... tastseghtbeasreas lee 1,608, 131.13 Railway and other Bonds......... sdanasaespackantees eve 98,615.16 Call and Short Loans in Canada on Bonds, Debentures i RRIOUED, cits esas. ak seen ee eishtivesdieaabons thopgnavag’ 1,828, 649.73 Call and Short Loans elsewhere than in Canada. .... anads-s 2,819,090.96 Other Current Loans and Discounts in Canada (/ess Rebate a BRDU, 5. os p50 odednd cook daca thant tects Wiisasiescs 26,179, 121.01 Other Current Loans and Discounts elsewhere than in Canada ae (ess Rebate of Interest)........ ap dikhos bina ce 00 ks hese Cie 6,057 821 . Liabilities of Customers under Letters of Credit as per contra.. 1,669,200 3 Real Estate other than Bank Premises............ Seakes saben 11,908 31 Overdue Debts (estimated Loss provided for)............++++ 210,585.90 Bank Premises at not more than Cost, Less Amounts Written off 8,184,199.¢¢ Deposit with the Canadian Minister of Finance for the geroneee of the Circulation Fund— Dominion of Canada 8% percent. Bonds, £250,000 @ 98. 1,192,833.33 Cash...... Cre reccrcbceccsccecs ord codghdens bh sdeeeeedoee 232,248.08 § 1,424,581.41 Deposit in Central Gold Reserves. «05-00-20... ++ i 600,000.08 Assets and Accounts not included in the Foregoing.... 840,721 Stock Excha. Securities have been valued at or under prices of 27th July, 1914. —— $60,604 ,093.30 ARE, J. H. BRODIE Disectony ed Returns from the iran nes, we have required «> H. B. MACKENZIE, General Manager. RA We have examined the above Balance Sheet with the Books in London, and the i that in of we report to the Shareholders that we have obtained all the information and expla Rank. As requir opinion, the transactions of the Bank which have come under our notice have been within the ers of the ie ecked the ca by Section 56, Clause 19, of the Bank Act of Canada, we visited the Chief Office (Montreal) of the Bank and coc’ ”” we verified the securities and found that they agreed with the entries in the Gas of the Bank with ors ow of the rther report that, in our opinion, the above Balance Sheet is properly drawn up so as to exhibit a true an ‘ shown by the state of the Bank's affairs according to the best of our information and the explanations given to us ©ed books and returns. N. K. WATERHOUSE, FRANK 8, PRICK, Auditors. 4 ccountants London, 18th February, 1915. Members of the firm of Wa & Co, Charte —_——- - Scares Scoop Speechless WY . oad im ’ ‘ I CLL ATH HH y i if | ff | 4 th A Thi Mh | A SIR WHUT ® DID COME IN TO ON is ° ) nwo J i j = Hs —_— i > ie = / vichul ae} otter ——. a ———~- ~~ ~ HUH -WHUT HAVE DONE- OUT WITH IT °-MURDER ?- BY GOLLY “OU LOOK LIKE. Ay “ ans BE uf CEU HOUS E_ SRO NHING, ced | Pee a c =e =]FOR THE f\| i} Hier Wish