THE DAILY FACE FOUK The mayor sogriti petition might be ntt SUBSCrtUTION.JULATES.... City Delivery, by mail carrier, yearly period, paid In advance For lesser period, paid in advance, per month By mail to all parts of Northern and Central British Columbia; taid in advance for yearly period"'....' Transient Display Advertising, per inch, per insertion ...... Transient Advertising on Front Pftge. per inch Local Readers, per insertion, per line .. Classified Advertising, per insertion, per word Legal Notices, cfcch insert'on per a irate line Or four month f"r By mail to all other partsoi British." Columbia, the British Empire! and United ,3tSlj3, Qajd fndyanceDer.e oy man 10 aii omer cuuuiries, per year Contract Rates on Application Advertising and Circulation Telephone 93 Edior and Reporters Telephone - - 86 Member of Audit liutesu of Circulations DAILY EDITION SEVENTH AVENUE work protested; I English to Six residents of English Hill presented a petition to the cityltion. $5.00 .60 $3.00 $1.4u i?..80 i6 .15 $1.00 $c.ou $7.ro Tuesday, February 19, 1929 not stand by its former decision. Though-' he thought the petition 3hu Id rfee considered, he was net JVVorj(Pf , holding . up the work. wnn!rjsd -by! Aid. Collart that. tsvwiftetitien be referred to . i, 1 1 . n , ! the Board of Works. Aid. Prud- F.iJS T Pdhomme seconded the motion, ex-Excavation of t S reet , lvMiL.-su-.i.j-i thai1 t. Behind Them fliltolhfc, fnbVfcvr,: he was not in favor of delaying the mov-ingat the rock crusher or, the holaing7,up of the work im.ques- council last night protesting t Would Stop Work against the proposed excavating, ft the petition went to the out of Seventh Avenue. West to Board of Works, it would hold McBride Street. The petition pre- up the moving of the rock crusher cipitated considerable discussion I untji decision had been made among the aldermen and its dis-wjth regard to it. Aid. Brown position resulted in a division in.feit It would mean the homing favor of referring (he petition to!up of the work for two week8 the Board of Works. (The petition had been signed, he ine pennon neia mat sucn an pointed out, by only a few reaid-excavatioii, in thejAfure of a.u cf Eiieli&JMl wftoat nraa- wouia not give men we Derail. V.vor MrMordi f.lt that th of any outlet .Aarr-itaptvHtf,Bgg '8faStt)r'l8noa?f propOSltlOQ was Suggested U) open ! W. ononis nk.l wnrlr WA..M up Dunsuir Street at a cost , be fold up if the crusher were which wotMd not be so great !n0 moved. Aia. urown pointed out tnat the council had already decided to move the rock crusher and ceed with the $Hfc I City1 Bniner McLean stated that about 600 yards of crushed itrnjatM the uireLin street ?e ifk. Already a IBaiJ nadj "" -." various aldermen were agree- Ald. Btadderham could see able to coiuidering the petition, nothing to be gained by referring Ald. Ewdhomme did not think the mitter to the Board of Works, j that, ?6 W so, would delay the The council was as familiar with work 0f moving the crusher to the subject now as it would bei rjunsmuir Strt later. In any case. DunsmufW Jid. Rudderham lelt thai at street wouia nave to nt openefltne necessary cdnslderatTon ha ap oeiore worn on sevenui v already been given the matter, ecue could proceed and that worklHe was opposed to delaving the alone would justify the moving WOrk by referring the petition to of the crusher. Ke saw no reason the Board of Works, for the eouncil to alter its former Aid. Or me could see no neces-decision. More crushed rock Bity for again referring the mat-would be nceoed in two or three iter to the Board of Works. r?defr?-n,fctbeP,!?,?!Bl On Uking of the vote, Aid. ? l i" WU Col,ttrt' Ald- Prudhomm; Aid. f.t. t delay the moving of the jiacdonaj(j anj Brown voted i' j'fnvof f referring the petition1 Aid. aij n Collart ii - t fe:i 4t4. tha .u the Board, f n..j. -Ii VlT of Work, should consider the lrmTvoSS !0nv aJnst. Aid. Dibb and Aid. Aid. a Macdonald . ij ii a 41. . explained th.it. M. . ,A1 ... ,, up Seventh Avenue at once, it had been , decided . to move the crusher there in odder tat might be more economically tainod. JuHt before con-.int: to the meeting, hp had f;phd telephone messages protesting against this pet'lion. He saw no reason why the council should I .1 U U w Eyes of Blue true to you acs of Qray ' u-KlIciuwy What arc YOUR eyes saying to-day l Your eyei havt no voice, but thV tpcak they (how mood ml trmpr. Thty do' mora, tkey thow your phyticat rondicioa. Ar thr cUr, bri(hlt tpmtkUatf ktiilfc o dull, with a. Mllawiah tins la dM vhiMsF ThU ylleuk itaa Jm Man! of Inleadnal lugaiAnaM auto4ntoafcadaa aih! llvr trouU. Don't waUct (Lit whining ef poor hBh la. 7, I Trr a fUr a.ilr ull Iba Morr. Product Mud titH ChvtUr rata tin Eyu In law Utdtm AtientumtnU. Sth Agenft lUroW T. IMtchia ti Ca, TARK SPACE Forty Acres of Ind in McClymont Subject of Letier to Council From Lands Minister The city council last night re-ei a letter from Hon. F. P. liur.u n, minister of lunds, who stated that he had no record of . ii'Usntion on ,thejart ofthe . Kft'ernSifl to ouflv ' 'o iVsj ciay sjime o awes oi-JJn west of McBride Street in McClymont Park for p x purposes. The' iit-ei'i.ment might favor, however,' jiciioiiing to the city of the land, im-h iiiid been received from lhe Canadian National Hailways, at & 13 valuation. 1 1 Mayor McMordie stated that he ha1 TO LOWER SEWER PIPE Cost of $100 Will Be Deducted by Council From Year's Grant to Fair Board A recommendation board- along S rtlitt tAt.onmnassin&r ftir 8 V "tfr.lF, tmtt' thl llncF rfad-'f - been transferred by' the railway company to the p ovincial govorn-meni on this understanding. The council decided to get a more definite declaration from the railway company on the mat-' tor before proceeding furthe 1 wjrli negotiations with the gov, ernmt'iii . I from the of works that, the , nKfr. Wf f ummit miAMimf Ei-lfiW II o 11 Vrt ImiroriJ of an A In I propriation to the fair board was oHnntoil hv tfiB iltv rnnnrll last TO EXHIBITION HALLjniht- Aid. Brown explained that the sewer in question was several feet above the ground and, passing close to the Summit Apartments, might prevent agfess from that building in case of fire. The , ad been put.in;byjthe fair 1 .. 'Gii': !. . 'rudhomme agreed tnat it estimated coifMSM fatfnTshHryi" an eyesoBhnaV 1 toiHHM? ue aeauciea irom mis jer up- mjn euivvi3u ,, Bring Your FURS to lUGbldblobniijj 1 '-' Tuesday, February 19, 2 The Daily News PRINCE RUPERT - BRITISH COLUMWi Published Every Afternoon, except Sunday, by Prince Rupert Dally News, Limited, Third Avenue. H. F. PULLEN - - - Managing Editor. ; I i i SELVIG BROS. MEAT MARKET 3rd Avenue Phone 765 MEAT, FISH AND VEGETABLES Specialty: "QU) COUNTRY SAUSAGES" Our malice-Fresh every day. w pvyrior Quality. SUN LIFE ASSURANCE COMPANY OF CANADA A TOWER OF STRENGTH 19 2 8 Assurances in force, (net). $1,896,9 15,000 An Increase of $408,925,000 , ; . I r New Assurances lEid for ' 441 ,!244;000 An increase 0t $1.1 AWO.UUU , Total Income - - - An Increase of $41,972,000 Surplus earned during the Year - - Payments to Policyholders and Beneficiaries Surplus and Contingency .Reserve - An Increase of $9,157,000 Total Liabilities ; (Including paid up Capital) . Assets, at December 3 1 st, 1928 ., , - . . . After deducting amounts re-assured, the total assurances in force now amount to $1,896,915,934.57, an increase of $403,925,-.254.48. Policies in force number 633,240, and in addition 136,293 certificates of assurance are held by employees of corporations -and firms under the group plan. While every field of operation contributed its full share tu these impressive advances, the rapid development of our business in Great Britain and the United States is especially noteworthy. Tlte generous reception of our CompftnV in countries-served by powerful domestic institutions is parti-, cularlv gratifying, as testifying to widespread appreciation of our record and $er- viem i, , .; a ,; . . . The amount paid to policyhoUetgn'nce organization, together with the, amount at present held for their security or benefit, exceeds the total amount received from them in premiums by $111,370,229.10. The strength and resources of the Company have been still further enhanced. The net rate of interest earned on the mean invested assets, after making provision for investment expenses, has risen to 6.58 per cent. Dividend increases, bonuses and stock privileges, accruing on many of the Company's holdings, contributed substantially to this gratifying result. I ' I. t'.M'i J 144:747,000 40;264,000 49,920,000 66,938,000 422,020,000 -a.;;Mp3,958,000 An increase ol $5,b5Ai,UUU . Rate of Interest earned on , , mean invested assets (net) - 6.58$ DIVIDENDS TO POLICYHOLDERS INCR&ISED FOR , NINTH SUCCESSIVE -YBAR,n' ;. .... , , The Otmpkny has ahff inaugurated tlie practice of paying a special maturity dmdtnd on participating policies, ten or more years in force, terminating by death or maturity ' " "" ' EXTRACTS FROM DIRECTORS' REPORT A net profit of $11,028,854.59 has been realized from the redemption or sale of securities which had risen to high premiums. The securities listed in the assets have been valued at figures substantially below the values placed on them by the Government. This under-valuation of our securities represents an important safeguard against possible adverse market fluctuations, the reerves specifically pro that contingency. j i 'We (are' heain able hi report . bonds and preferred stocks listed 1 not one dollar, due cither atmu . dividend, is in arrerr for a sihlcii the dividends accruing to cownstocKS ej ceed by several million doll J .Uiampatyable on the same stocks at f he.- Irnuj QijUrtjusc. . i ne surplus carnea ourti on the values given in inca to $40,264,088.52. fBmounieu $10,000,000. has been deducted from the already heavily marked-down value of securities, as additional provision against possible fluctuations, increasing the amount so set aside to $20,000,000. The special amount set aside as a liability to provide for unforeseen contingencies has been maintained at $12,500,000. $15,822,339.65 has been paid or allotted as profits to policy I tolders during the year. After making all deductions and allocations, $9,157,966.34 has been added to the undivided surplus, bringing tlte total over liabilities, contingency accounts, and capital stock, to $54,438,862.48. The continued prosperity of the Company enables your Directors to announce, for the ninth succesftiyCTr. a jtabstanil&LincrctisV in the scale of jfitsfflb lUistutello ir tici pating poliJJrt urw thec njuj 2 year. la additioq, your Directors have inaugurated the prinijpje of tainting a Special Dividend on partidiUiifiiJblicita maturing after having been in force ten years or longer. Thut new bonus will enable policyholders or beneficiaries wfwiev wiftulrawa.l is occasioned by the maturity of policy contracts, to participate in the accumulated surplus which it has not as yet been considered prudent to divide. The effort to provide life assurance at the lowest net cost obtainable has been increasingly appreciated. Our policyholders will be gratified by this further evidence of our desire that the Company's prosperity shall be fully shared by its members. SUN LIFE ASSURANCE COMPANY OF CANADA FOR I'AKTICULAItS REGARDING ANY POLICY WRITE OR V HONE 11. S. J. JABOUR NORTHERN H. C. REPRESENTATIVE, SUN LIFE OF CANADA