3 ve Mi Dee e re PAGE TWO TRE DAILY NEWS sii Mihalis ecember 4 ¢ . | , te meme nce ma ee ae a ~ ne Rn ea ec a mene SSS — * 4 | j ; , om avimain « j rn } \ baby beef. The animals should be! seenres 4 few tema, i, ee ee ee ae ee eee 1 1d turned off for ' nes | well fed and turned off for marks t) breeding and , Dei + p ¢ THE DAILY NEWS. INTERIOR in Japuary on to April and May.|sire, is boun hae * Dut + r7 y TAR ¢ : Lae eet FAMILY SHOE STORE LTD. PRINCE RUPERT - BRITISH COLUMBIA r , Py Ihey should not be rushed off atjhe uses ording . taba ae eee ; ———- - OO cs once but shipments. should belarea anywiy bas « Beli ; 4 Published Every Afternoon, Except Sunday, by Prince Rupert " spread out so that carloads may gui! ed as the mi ‘ Daily News, Limited, Third, Avenue VANCOUVER, Dec. 5—“Producing at interv us. Prince Rupert alone fnowhere is thu climate mg *y H. P. PULLEN - - - Managing-Editor baby beef is the best prospect of will take wy carloads per week. able {or beef roduction Pen Rar ig farming in Centra! British Colum- Prince Rupert will alse take beef }siart made Ver, there ' it * bia.” declares T. G. Stewart of the of good quality from the interior all} grow up an ry wh ; fs rm Rot ie he wamennt uable to | maNeh wil ape Ne Dominion Livestock Branch, who is ‘he year srowna. bi ail se a9 oe ~ Srteire Drevin f glow 4! . DAILY EDITION ania gp Monday, Dec. 5, 1932 pore after direeting the distribu- frozen beet when they know that : Anima the older g fl a i hg a tion of 400 purebred heifers and 50 He prime beef of their own hinter-' Columbia ; TAS districts n r Cl st mo P | Lib d th N bulls during the past year in that land is available at loeal meat mar-|berta take thew cl fi me) ee . ‘ ; Tersona I erty an e cw region, “Settlers do not now rea-| Kets. And in SOE to. Se men! = eens _ Wooded hil Z Pe YW; . »* A Gift that Is practical and always appreciated. é ‘ lize that there is a market waiting | market there is also eons pest of Bri ish Columbia a. age in Why not a pair Social Order as Set Forth In for this quality of product. With tae, “In launches P poe - we oe h m1 el in every qu bar wlth closing up of markets for hay and we should remember that the idea {about Prince George ¢ : | | | B P ; M h } i it of changes in the | vlan is to start with a small num-| Burns Lake, Vanderhooy .— 1 ae grain as a resw shange: plan is é ake, Vanderhoot 9, ‘emo: For Mother, Dad, ta y y remier uSSO mi timber industry in that. part of/ber of animals and build up. To/|other areas bundanes a jae ‘ y . ‘ Junge into this business will likely} The herds can winter ay. gif Gi > the provincé, there remains the| »lunge into this business w , inter out ang wtign,” | Sister or Brother (By Victor Basso-Bert—Article 4) opportunity of consuming feed on| ing disaster However, the farmer a little erain finish a ea . : . ‘ . ‘ a tata: , pr ‘tion of | ‘oday who, at prevailing low prices, ' finest result Statin Jam w Sitnat, Ustevs Steiy Whi Our Stnes doe Danahike | The dominating factor in our social system is freedom ‘P* ["™s and the produeh ' — s af -es ‘of action. The law provides ample liberty for the exercise Pon ener arre ee Box 1584 eat Phone 357 of our faculties for organization in the application of our ——— . Sa = iG ° talents in the economic field, giving us all the possible > Neen eee eee Ne | chances of bettering our conditions and of investing our i money in developing the natural resources or in commer- % Everett White and Richard Wil- tion of fourteen days’ imprison- eial « nterprises in a small or largest. liams appeared in city police court ment, and Williams $50, with | way, according to our personal ab- their labor either by private or Bs before Magistrate McClymont this thirty days’ option, it being his ility or the means at our disposal. |colleetive bargaining with their Established 1817 ¥ morning on charges of drunken- second offence. Both are serving Both manual and _ intellectual ness. White was fined $25, with op- the time. aa workers have the choice of selling ~ A Man's 5 | Best Gift } | a I tetas ; ey Seog” hs ts ” jo : ey ‘a he eS "E t ¥/ ” ia ih ty ld 8 heey : ng f ahh ls mite Wry ‘ e a : “he bak ES CAN b * \ Assured Income jor those he loves best Surpassing all other Christmas remembrances is one gift whieh Life Insurance makes possible—a definite monthly ineome to your wife and children, guarding them forever against want and privation. Can yeu think of any gift which will bring such peace-of-mind to your loved ones! With Life Insurance you ean give them the comferting : j ond knowledge that you will continue to support them ; —even if you cannot share with them all the Christmases in the future. The Life Insurance plan is both simple and seeure. Whether you decide on an income of $50 or $500 @ a month, the exact amount will be paid regularly with 4 i a out fail—as long as you stipulate. And, your savings, thus put into Life Insuranee, can be converted should you live, into a pension i ‘we ; ” ) fas | cee ae for your own old age. . 3 he «" Any Life Insurance representative will help make . eA. Christmas memorable with your thoughtfulness, j “a f ' Life Insurance Service One of @ series of messages sponsored by ‘ : {h- hove Thet Never Dies Life Insurance Companies L-1632 employers. The law provides pro- j tection to both parties. In case of jan orcerly dispute between labor ~ jand capital the state stands neu- tral. | A coalition of all the forces of {both parties, on the one side, pre- sents the powerful corporations, ithe huge trusts. ane the holding jcompanies, in other words, the ramification of the intricate in- }terests that characterize the social ‘tissue of the modern worid. On the jother side are the equally power- ful labor unions, trades and labor }councils, federations and confed- | erations. Sometimes the people are pas- | sive spectators of great economic ;conflicts raging with the furv of la hurricane, unfortunately often | followed by loss of human life, like ia real war. This fight | stiffer ana closer all the time. The ingenuity of the engineer, the scientific researcher and perfecter machines have bring about the wealth on one gradual pauperizing f producers the becomes of labor-saving been enlisted accumulation side and the of the mass other The Rockefellers, the Carnegie: to of 0 nm the Morgans, the Rothschilds ane their le fortunate brethren the Krugers, the Insulls, the Outriches, the Gualinos and the Stimeses are on the one side and, on the other the twenty-five millions of unem- ployed in the world. These are the fruits of our economic liberty, the liberty that has brought a mass of producers face to face with star vation 1 is endangering the ‘very foundation of organized so- clety An Uneven Battle The victims of this unequal strug- gle hav fight an uneven battle The reat corporations and the huge trusts, look like cyclopic giants, fully armed with spears and shields, against famished pyg- mies, armed only with their bare fists Mussolini, in ten years of exper- lence as a militant socialist, as a leader of large organized forces of labor in a few real general strikes that occurred in Italy before the war, convinced himself of the fu- tility and the uselessness of such conflicts. His great heart was fired by the vision of a civilization more in keeping with the welfare of humanity. His laborious mental process gave the Italians the Cor- porative State—ana probably not the Italians only The Fascistic state, while re- epecting the rights of private pro- perty and private imitiative. in making the labor syndicates (un- ions? the principal legal, funda- mental and propulsive nucleus of the new state, substitutes class war, class clash and class hatred with a weli ordinated unitarian social order in which the entire economy of the nation is subordi- nated to polities for the sake of unity, co-operation, and collabor- ation, which finally works out for the common good and insures ec- onomic’ security for the workers. To mention some features of the sociai legislation of Italy, take at random one example out of very many. All forms of labor are en- titled to two weeks’ holiday with full pay enck year and the dis- charge of an employee must be compensated with three months’ pay for every year of service ren- | dered ’ ——— CNR. TRAINS For the East— | Monday and Fridays Wednesdays : | From the EXSt— | Tuesdays, Thursday and Satur- 9:30 a.m. 10:30 a.m. days 8 p.m, i LIABILITIES TO THE PUBLIC te meet payment of Liabilities t the Public of leaving an excess of Assets over Liabilities to the Public of cA presentation, in easily understandable form, of the Bank’s ANNUAL STATEMENT 3lst October, 1932 - LIABILITIES Deposits . . . . . . . $648 ,832,663.16 Payable on demand and after notice Notes of the Bank in Circulation . : . . ° 34,102,970.00 | Payable on demand Bills Payable . : . . . . . 180,186.44 Time drafts issued and outstanding Letters of Credit Outstanding e ° . ‘ . 8, 343,722.33 Financial responsibilities undertaken on behalf of customers (see off setting amount (x) in “Resources” ). Other Liabilities ; ; ‘ . . ° 1,545,776.16 ltems which do not come under the foregomg headings Total Liabilities to the Public ’ ° ° © $693,005, 318.9 | . 7 7 LIABILITIES TO THE SHAREHOLDERS Capital, Surplus and Undivided Profits | & Reserves for Dividends . ° . 76,1 60,954.60 This amount represents the shareholders mierest m the Bank, over which liabilities to the public take precedence Sam Total Liabilities . . «8 + $69,166,272 69 i ——— | RESOURCES To meet the foregoing Liabilities the Bank has Cash in its Vaults and in the Central Gold Reserves . 84,976, 182.21 | Notes of and Cheques on Other Banks . . . ° 30, 387,693.85 | Payable m cash on presentation Money on Deposit with Other Banks. . . ‘ 31,727,248.52 | Avaable on demand or at short notice | Governmem & Other Bonds and Debentures . 266,729 664.26 The greater portion of which consists of gilt-edge securites which mature at carly dates Stocks . . . . . . 618,238.17 Railway and Industrial and other stocks Cali Loans outside of Canada . ° . . . 20,071 135.74 Secured by bonds, socks and other negotiable secunties of greater value than the loans and representing moneys quickly available with no disturbing effect on conditions in Canada | Call Loans in Canada ( ° “ ° $,157,690.8 Payable on demand and secured by bends and stocks of greater value than the loans Bankers’ Acceptances . ° : : ° ° ‘ 100,603.11 i } Prime drafts accepted by other banks | TOTAL OF QUICKLY AVAILABLE RESOURCES $439, 768,506.04 ee (equal to 63.46% of all Liabilities to the Public | Other Loans : ‘ 5 A . ; ‘ 302,931,269.8 To manufacturers, farmers, merchants and others, on conditions com sistent with sound banking. ! Bank Premises » 7 é é 4 5 4 14,500,000, 00 ' Three properties only are carried in the names of holding companies; the stock and bonds of these compamies are enturely owned by the Bank and appear on the books at $1.00 in each case, All other of the Bank's premises, the value of which largely exceeds $14,500,000, ap pear under this heading Real Estate and Mortgages on Real Estate ° : 1,721,771.1 Acquired in the course of the Bank’s business and in process of being realized upon x Customers’ Liability under Letters of Credit . < ° 8,343,722.35 Represents liabilities of customers on account of Letters of Credit issued by the Bank for their account Other Assets not included in the Foregoing . . =, 1,901 ,002.75 etna Making Total Assets of ‘ ° ° r " + $769,166,272.09 693,005,318. cA ‘ ¥ 76, 160,954.00 PROFIT and LOSS ACCOUNT Profits for the year ending 319¢ October, 1932 wets $ 4,663,100.60 Dividends paid or payable to Shareholders . + $3,960,e00.00 Provision for Taxes, Dominion Government , § , 7,671.05 Reservation for Bank Premises ess 190,000.00 4098767105 r a A 149,429-55 Balance of Profit and Loss Atccouns, 319 October, 1934 yeh e 1,103 426.99 Balance of Profit and Loss carried foewed » . , 4» “Sr,2gh 96 2 | CHARLES B. GORDON, W. A. BOG, | lacie JACKSON DODDS, Jeon General Manager’ - a * The strength of a bank is determined by its history, its policy, its managemen! and the extent of its resources. For 115 years the Bank of Montreal has been in thy forefront of Canadian finance.