re . THE DAILY NEWS W cme THE Dawy,News ING ALUM Published Daily and Weekly Guaranteed Largest Circulation * H. F. McRAE, EDITOR AND MANAGER HEAD OFFICE Daily News Building, 3rd Ave, Prince Rupert, B.C. Telephone 98 TRANSTENT DISPLAY ADVERTISING—50 cents per inch. Contract rates on application. DAILY EDITION 4 ose Wednesda April 214, 10 EI D Tr tT oO —R I A a s ——— The stand taken by the G. T. contended that it would be set- P. with regard to the site for ting a precedent to give away a city fish wharf is hardly leases at less than 6 per cent worthy of a company that must and that others would want a expect to reap most of the similar rate. Well, this is not to be taken seriously, the G. T. P. cannot find fault with a feel- ing that is getting very gen- eral, that there is a great deal of incompetence in many de- benefits. Indeed, it doesn't an individual or a private cor- seem possible that they were poration that is seeking rights, partments of the service. Most serious in the proposals that so why should anybody come of the local men exhibit a will- were put before the Council along a little later and ask for ingness, not only to provide a Monday. Mr. Morley Donald- similar terms’ Surely the city popular service, but to assist) : “ in the development of this son, general manager and vice of Prince Rupert can be placed evelol president of the company, was in a class by itself. . a pered by “the man higher up.’ | The G. T. P. should have a man port, but they seem to be ham- represented as saying that his company would be glad to as- But the fact of the matter is sist with a cash donation if it that the city is offering to do stationed in Prince Rupert who | were not that financing was so what the G. T. P. should have was big enough to have com-| difficult. In the next breath we] done long ago themselves if plete sway over every depart- | are told that ihe G. T. P. will they had used ordinary busi- ment without having to refer if | give a five-year lease to the| ness foresight. What non- back to Winnipeg and Mon-| city but they insist on getting] sense it is to build a_ costly treal. It is only by having a) 6 per cent per ennum on its] road into this part of the coun-| 4" 0 the ground who knows | valuation as a rental, which is try and (hen fail to go after the the loeal conditions and who} considerable, especially as the} business that naturally be- has sympathy with the aspira- | city is finding it hard to even longs to them. When they re- tions of the people that condi- | find the money to build the fuse to build a fish wharf in tions can be established that| wharf. order to induce the fishermen will give local satisfaction and | . & 2s to come here they are cutting make every man a booster for It has been contended that off the channels of revenue the company. the government has fixed the which they must have in order © rental at 6 per cent, but that is} to exist. They contend, of It's an old-fashioned idea | only the maximum charge. The course, that the strenuous that a company can prosper government very wisely and times prevents them from get- and ignore the good will of the apparently very necessarily in-| ting the necessary funds. Well,| P°oPle. Modern business Is be-| sisted that no more than 6 per if the city is willing to assist ginning to understand and ap- | cent could be charged but there why shouldn't they came half preciate the psychological ele- is nothing to prevent them way and offer a free site? Not ment as never before and no from giving it free or making only is this good business, but wide-awake company would any charge less than 6 per it is ordinary common-sense. ever think of creating an un- cent that they wish. It is again If this proposal of theirs is necessary discord with their - employers or with their cus- fh >, tomers. A man who is in per- fect hormony with his employ- —s a | er is worth a dozen who cher- ish a grudge. ~The same ap- Em ress Jams | plies to the public. In a hun- dred ways will its value come back to the corporation or in- dividual that takes pains to Are strictly a B. C. Product. Right from the please the people. That's delicious, fresh picked, sun ripened fruits of something the G, T. P. haven't the Fraser Valley and Vancouver Island, to yet learned and which they ve purest of Cane Sugar. must learn before they ever vay a cent of dividend on the Every step in the producing and manufac- ' great investment they have in turing of the delicious Jam contributes to the this railroad. prosperity of B.C. It will satisfy the most —-— — exacting. For a cemfortable room, eome to the St. Elmo Hotel, 836 Sec- SOLD BY ALL GROCERS ond Avenue, near Fighth Street. In 1-ib. Glass Jars and 4-\b. Tins Newly opened. Steam heat and hot and cold water in every room THE EMPRESS MANUFACTURING CO., LTD. Free baths. Rates reasonable Vancouver, B. C. | Good | Somers. Empress Jams |f} tue) :'25 Milk: Govt. Inspected Cows The Best Equipped and Most Sanitary Dairy is the Subscribe for the‘News’| "tz. | = y Tr ? "7 - The Bank of British North Amerieg 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 Balance Sheet Report of the Directors of The Bank of British North A ; Prosepted to the Proprietors at Their Seventy-Ninth Yearly Gaal Meeting, on Tuesday, March 2nd, 1915. The Court of Directors submit the accompanying Balance Sheet to 30th Novembe: 118 It will be seen that the profits for the Year, including $108,437.55 brow ae - November, 1913, amount to $645,014.2 "27 of which $194, 666.66 was appropriate! | Br pe 29th October, leaving a balance of $450,347. 61 out of which the Directors propose to Paid last {0s. per Share, payable, less Income Tax, on 8rd April next, leaving a balanc. 1 x te J carried forward. The above Dividend will make a distribution of 8 per cent. for the Year The Dividend Warrants will be remitted to the Proprietors on the Ist . Ap During the Year that closed 30th November last, Branches were openc:| mheed. & and Prince George, B. C., a Branch was closed at Paynton, Sask, and a Sub-Bra Ly 2 rm Avenue, North Vancouver, B. C. onsdale The following appropriations from the Profit and Loss Account have bee: fot the banal of the Staff, viz. :— To the Officers’ Widows and Orphans Fund,............ $ 7,5 7 " " Pension Fund.......+.60+ beceee Ph pecs 52, } " " Life Insurance Fund............ 99 ees 2,9 These amounts are for the whole year and include those already set fort to 80th May, 1914. Donations amounting to $24,333.33 have been made to the Canadian Patriotic Pand and the Canadian Red Cross Society. London, 18th February, 1915. the Statement General Statement of Liabilities and Assets AS ON SOth NOVEMBER, 1914 LIABI LITIES Capital—20,000 Shares of £50 each fully oo oo bb be be ceageee $4,856, 666.66 Reserve Fund... ‘ on vbeg 68 ebeeges 8,01 33 Dividends Declared and U npaid. ose seeceesecees bess csesesores 4,951.86 Profit and Loss Account — Balance brought forward from 29th November, 1913.. ... 803,104.21 Dividend paid April, 1914 ....ccscescee cee eeees ce wsceees 194,666.66 108,487.55 Net Profit for the year ending this date after deducting all current charges and providing for bad and doubtful GOD, oc vi cieccndindbasdecdamecbecsess sapebuceés ; 536,576.72 645,014.27 Dividend paid October, 1914. .....50.sseseeeeeeeeeeeeces 194,666.66 Deduct: 450,347.61 Transferred to Bank Premises Account...... $ 973.33 Transferred to Officers’ Widows eh Oretem Fund..... : 7,862.77 Transferred to Offic ers’ Li ife Insurance F und 2,920.00 Transferred to Officers’ Pension Fund...... 52,609.83 Canadian Patriotic Fund and Canadian Red Cross Society. .....ccsciccccscsvccecees 24,333.33 —— 88,599.26 Balance available for April Dividend.............+++ 361,748.35 Notes of the Bank in Circulation... .......06.ccseeeeeeeeeeee 4,427 4 3 Deposits not Bearing Interest..........0:seeeeeeeesseseeeeee 16,967 f Deposits Bearing Interest, including Interest accrued to date. 25,307 Balances due to other Banks im Canada... .......cseeeeeeeees 173, Balances due to Banks and Ranking Correspondents in the United Kingdom and Foreign Countries.......cceee+++ 314.776.56 + TRIN PEON 00s 04 0.6.00. 00.a0 00ds 06d 5 os coUbans 6 eoesad bevedads ° 2,124,504.54 Acceptances under Letters of Credit.......c.cececceeeseseves 1,669 Liabilities and Accounts not included in the Foregoing....... 1,369, | Liability on Endorsements. .........6-escccccssececcceceeee $614,663.23 ———sss Liability under Guarantee in respect of the Sovereign Bank Cr gu! PPT TTITTI ITIL TT TEE Tee eeee 300,000.00 —— $60 604,993.30 ASSETS el Cpnents Coles om Bes oc 60 bods cs oe p06: 66 h00 6hcacdeces $ 3,083,877.86 Dominion Notes........... dene tdacdeckéastceice ebepesdénter 7 ,538,168.87 si $10,622, 046.73 Notes of other Banks...... vevbesrvAlsie ts deed bab bness y sees $77 653.99 Cheques on other Banks... ....:.sscccsescscccccccccesceccces 1,733 605.8: Salahoos due by other Banks im Camada,........scseeeeereeee 8,154.83 Balances due by Banks and Banking Correspondents elsewhere a inte BAS «iin n'ctc nde Fond atenhs epscc ices o6bcdees 2,941 ,535.78 Dominion and Provincial Government Securities not exceeding a SE UII. Soi alas % op o:nk Ue thas 04 40d 0 0d site sss 0008 2,992.79 Canadian Municipal Securities and British, Foreign and Colonial Public Securities other than Canadian—{includin Exchequer Bonds £310,300, @ Cost, and amount — o/a ae Allotment, £100,000 War Loan)...... aad 6odannesnevecsnce 1,693, 151.13 Railway and other Bonds........ccscseccsresceeeccsseeseess 98,615.15 Call and Short Loans in Canada on Bonds, Debentures ORE IEG 65-059 ecco ocsenkehiiadinbnaacsels b¥is%sptee 1,828,64" Call and Short Loans elsewhere than in Canada..........+. 2,819,999 ‘ Other Current Loans and Discounts in Canada (/ess Rebate 3 Ge PRRs v's 00 6+ 0.60 0:080s40thanc chbsareeees cane etehes 26,179, 121.0! Other Current Loans and Discounts elsewhere than in Canada —— Cote Mahote of Tengah, véicaccescdnet tvs ccaddecciess 6,057 ‘ Liabilities of Customers under Letters of Credit as per contra.. 1,669," Real Estate other than Bank Premises. .......-..+e0eeseeeeee 11,903.70 Overdue Debts (estimated Loss provided for)..... (bts > tenes 210 “4 Bank Premises at not more than Cost, Less Amounts Written off 2,184,1 Deposit with the Canadian Minister of Finance for the purposes of the Circulation Fund— Dominion of Canada 3% percent. Bonds, £250,000 @ 98. 1,192,833.83 GH. . ve 000 0000s b 00 0000 0 oc cogeacenns bas ebameeecceeee 232,248.08 $ 1,424 ls in Content Gold Reserves. ooo6 040000 siaeeKtedeceee a BOK Assets and Accounts not included in the Foregoing.... 34 Stock Exchange Securities have been valued at or under the prices of 27th July, 1914, eee $60,604,” ) —— H. B. MACKENZIE, General Manager. “#. A. HOARE, J. H. BRODY. On We have examined the above Balance Sheet with the Books in London, and the Certified Returfts from t we report to the Shareholders that we have obtained all the information and explargations we have re quired opipectit the transactions of the Bank which have come under our notice have been within the powers of the be jon 66, Clause 19, of the Bank Act of Canada, we visited the Chief Office (Montgeal) of the Bank and « sind verified the securities aud found that they agreed with the entries in ‘the books of the Bank with regs rther report that, in our opinion, the above Balance Sheet is properly drawn up so as to exhibit a true an: d« state of the Bank's affairs according to the best of our information and the explanatians given to us aud ¢ books and returns. N. BE. WATERHOUSE, FRANK 5. PRICE, Auditors, aa » 18th February, 1915, Members of the firtu of Price Waterhouse & Co. Charters’ © ‘The New Police Reporter Will Work Inside For The Present _ a — — —< ee = Bp) > — 7 eS CHIEF = -TAINT \ (HE ELLO B0sS ? a | CROOK-IM THENEW | / SAY THERES A POUCE REPORTER FoR NOUNG RS A OUR. PAPER -CALL UP WERE CLAIMS TO TH’ CVT EDITOR AN’ BE NOUR NEW POLICE REPORTER j HE'S GOT SUCH A \916 = TL ~ Sof . SSS ~~ . Coe “SEZ HIS NAME Is SCOOP ?—? NS THINKING | louze. (P| | (HUM~- LET ME TRINIC—.scoor- yor ve- OP jt SCOOP- NO-CHIEF-NOBODY aC FROM This PAPER. BY THAT f NAME. — PROBABLY 4 Porct! } CLIMBER OR SUMPIN- SERIE ANG | } LEFT GARIBURNS | r KEEP HIM LOCKED UP-