MUSSALLEM'S
Offer
a
new
deal
for
your
consider-atioij.
Orders
$1.00
or
more
delivered
FREE.
Qnality
groceries
at
low
prices.
Buy
and
save.
ALBEUTA
BUTTER
73c
3
lbs
EGGS
"B
Large"
2lC
v
PICNIC
HAMS
19c
per
lb.
HIGH
LAND
POTATOES
kHp
per
sack
....
.
'
'.
This
Is
your
last
chance
to
buy
.
quality
potatoes
at
this
exceptionally
low
price.
Leave
your
order
TODAY.
AsilCROFT
CATSUP
39c
.
quart,
2
bottles
WASHING
AMMONIA
25c
Quart,
2
bottles
ROSED
ALE.
TOILET
SOAP
19
'6
for
c
PEARLINE
WASHING
23c
COMPOUND,
small,
3
for
CHLORIDE
OF
LIME
23c
2
pfcgs.'
'
GOLT
DUST
.SCOURING
15c
POWDER,
2
for
.
KING
OSCAR
SARDINES
35c
.
3
for
.'1
FRY'S
CIIOC-O-CREAM
39c
'
per
lb.
,
Milk
and
sugar
added,
Just
add
boiling
water,
a
nourishing
hot
drink
for
the
cold
weather.
Real
value
at
this
price.
Fresh
Fruits
&
Vegetables
at
reduced
prices.
MUSSALLEM'S
EC0N0MYST0RE
.Where
Dollars
Have'
More
Cents"
I
O.
Box
5"
5
Phone
IS
wn
p't
n
la
btbi
mi
i
-
f
i
w-
m
a
BUY
Used
Furniture
One
Northern.
Electric
Radio,
.,,.1934,
8
fubes
A.
Snap!
3ipiccc
Chesterfield
Suite
at
Snap
HEATERS
Brick-lined
Heaters,
good
'
'
condition.
3
Franklin
Heaters
v
Kitchen
Ranges
.2
Ourriey
Oxford
6
holes
'
2
McClary
4
hole
D.ELI0
Exchange
Furniture
Auctioneer
Phone
Green
421
Box
No.
96
MACKENZIE'S
FURNITURE
Bedroom
Suite
5
Pieces,
Bedstead,
Vanity,
Dresser,
Chiffonier
&
Stool
.
Special'
$85
Phone
775
Third
Ave.
Prince
Itupert
COAL!
COAL!
OuC
Famous
Edson,
Alberta
and
Bulklcy
Valley
Coals
are
guaranteed
to
give
satisfaction.
Try
a
ton
of
No.
1
Bulkley
Valley.
We
also
sell
Timothy
Hay,
Wheat.
Oats
and
Barley.
Prince
Rupert
Feed
Co,
58
Phones
551
BP
UTS
ras
dult
mm
Saturday.
januarT
,5
1.4-HJI1M
iHTwiwt
Royal
Bank
of
Presents
Strong
Statement
Morris
W.
Wilson,
President
and
Managlnr
Director,
Notes
Distinct
Improvement
in
Business
Looks
Forward
to
1935
With
Confidence
Sydney
G.
Dobson,
General
Manager,
Reviews
Financial
Statements
Reports
$50,000,000
Increase
In
Deposits
At
the
Sixty-Sixth
Annual
Meeting
of
The
Royal
Bank
of
Canada,
held
In
Montreal,
Morris
W.
Wilson.
President
and
Managing
Director,
paid
tribute
to
the
distinguished
service
rendered
to
the
bank
by
Sir
Herbert
Holt,
who
had
presided
at
successive
Annual
Meetings
for
over
a
quarter
of
a
century,
and
whose
outstanding
ability
and
prestige
have
been
important
factors
In
the
sound
and
consistent
growth
of
the
bank
during
his
regime.
In
commenting
on
the
strong
Statement
presented
to
the
meet
ing.
Mr.
Wilson
said
that
It
reflected
a
year
of
operations
under
distinctly
Improved
conditions,
both
at
home
and
abroad.
Referring
to
the
recent
revision
of
the
Bank
Act
and
the
Act
Incorporating
the
Bank
of
Canada,
he
;tated
that
at
ths
public
hearings
preceding
these
enactments;
the
ankers
were
able
to
Justify
their
administration.
He
warned
that
the
curtailment
of
eafnlng
power
resulting
from,
restrictions
upon.
ln
'crest
rates
chi'reatilerhy
banks
ind
the
withdrawal
of.riote-lssulng
privileges
will
Inevitably
reduce
the
iblllty
of
blanks
to
maintain
unproductive
bwjnchesln
sntall
communi
ties.
BanKjng
prontsj
have
never
been
excessive,
ant
lfl,an
efficient
banking
system
is
tOjJSe
maintained,
'here
Is
a
'point
beyond
which
en
forced
economies
to
meet
falling
re
venues
on
one
hand,
and
Increased
taxation
on
the
other,
cannot
safely
be
carried.
Referring
to
taxation,
Mr.
Wilson
Uaid:
"For
every
dollar
paid
in
dividends
last
year
we
paid
sixty-seven
cents
to
the
Canadian
tax-gatherer.
This
does
not
take
Into
account
the
Income
tax
paid
by
our
shareholders
themselves
on
dividends
received
from
the
Bank.
Surely
these
figures
.equlre
no
comment."
In
discussing
the
Improved
conditions
In
Canada,
Mr.
Wilson
poin
ted
out
that
during
the
past
year
manufacturing
and
employment
have
approximated
the
levels
of
1926;
iron
and
steel
production,
the
output
of
automobiles,
textiles
and
electrical
energy
had
increased
and
the
value
of
exports,
notably
lumber
and
minerals,
had
advanced
substantially.
The
wheat
crop
was
no
lareer.
but
fortunate
hirlJ"-
increasing
attention
must
prices
prevailed.
The
value
of
field
crops
had
Increased
over
$100,000,-000
and
the
enhanced
purchasing
DOWer
of
the
farmpr
hart
itlmn.
lated
trade
throughout
the
country
There
has
been
Increase
rtPnH
for
Canadian
mineral
products
abroad
and
it
Is
nnHMmtoH
that
the
outnut
of
Canadian
Pn1n
in
will
exceed
$100,000,000
as
com-
oared
with
$85,000,000
in
1933.
The
building
boom
in
Great
nntaln
created
unprecedented
demand
for
Canadian
lumber
and
a
record
volume
of
shipments
has
been
made
during
the
past
year.
He
mentioned
the
Importance
of
the
tourist
trade
i
w)
i,anaaa,
which
had
amounted
to
,
half
there
has
been
a
distinct
up-over
$300,000,000
a
year
and
for
j
ward
trend
in
business
activity;
several
years
brought
more
money
i
Improvement
has
been
general
In
Into
Canada
than
our
wheat
ex-
ports.
Newsprint
"Demand
from
the
United
States
for
newsprint
has
been
strong,
with
the
result
that
the
output
of
the
Canadian
mills
In
1934
was
more
tnan
twenty-rive
per
cent,
higher
than
in
the
previous
year.
In
fact,
It
was
within
five
per
cent,
of
the
peak
year
of
1929.
Prices,
however,
were
even
lower
than.
In
1933
and,
despite
the
most
rigid
economies,
"TILLiE
THE
TOILER"
falls
rcn.
cocwE
-metre.
A.ODrz.tiiXTTS
Canada
operations
have
continued
ort
an
unprofitable
basis.
The
Railway
Situation
"The
railway
situation
continues
to
be
the
most
important
economic
problem
In
Canada.
Obviously,
the
Canadian
people
cannot
stand
Indefinitely
a
weekly
drain
of
over
$1,000,000
for
railway
deficits,
and
the
time
Is
rapidly
approaching
when
more
drastic
and
effective
action
will
have
to
be
taken
If
we
are
to
maintain
national
credit
and
solvency."
Referring
to
world
affairs,
the
President
said
that
In
spite
of
tense
political
situations
during
the
past
year,
business
has
continued
to
improve.
Production
In
Great
Britain
and
several
other
countries
was
greater
than
in
1923.
"It
Is
only
In
the
countries
of
the
gold
bloc
where
business
has
become
materially
worse
during
the
year.
World
trade,
however,
must
be
released
from
the
multitude
of
new
restrictions
which
were
among
the'
worst
products
of
the
depression,
If
it
is
to
regain
healthy
vigor.
Excessive
economic
nationalism
has
'proved
a
dangerous
boomerang,
striking
down
home
Industries
as
well
as
those
of
foreign
countries.
I
believe
that
the
pendulum
of
opinion
has
begun
to
swing
toward
better
economic
relationships
between
countries,
and
I
look
upon
this
new
attitude
as
a
happy
augury
of
further
favorable
developments
during
the
coming
year.
The
Capitalistic
System
"It
is
not
surprising
that
new
social
experiments
should
have
been
undertaken
in
many
countries
In
the
hope
of
mitigating
the
suffer
ing
Incidental
to
violent
booms
and
depressions,
undoubtedly,
the
war
placed
a.great
strain
upon
the
capi
talistic
system.
That
system
has
been
the
result
of
a
process
of
evo
lutlon
and
as
such
has
been
subject
to
modifications
from
time
to
time
to
meet
changing
conditions.
Fur
ther
modifications
and
changes
may
be
a
necessity
If
we
are
to
be
rid
of
the
evils
of
major
depressions.
The
difficulties
in
the
distant
past
were
the
outcome
of
shortages.
At
the
present
moment
the
major
difficulties
have
to
do
with
the
distribution
of
an
increasing
surplus
which
tends
to
exceed
purchasing
measures
which
will
provide
for
a
freer
and
more
even
flow
In
the
exchange
of
goods
and
services.
Insofar
as
the
"New
Deal"
ln
c
yn,ted
Staes'
or
onomlc
'experiments
In
other
parts
of
the
world,
may
provide
a
workable
an
swer
to
thU
problem,
we
should
not
hesitate
to
profit
by
that
solution
8oclal
and
economlc
experiments
whlch
fal1,
however
are
usually
my
ana
it
w
pruarm,
ana
wise
10
"make
haste
slowly"
In
changing
fundamental
principles
of
the
existing
system.
The
Outlook
"For
more
than
a
year
and
one-
practically
all
branches
of
agrlcul
ture.
Industry,
mining
and
trade.
At
the
beginning
of
the
new
year
!
conditions,
both
at
home
and
i
abroad,
favor
a
continuation
of
this
upward
trend.
It
Is
true
that
in
i
Canada
there
remain
a
number
of
amcuit
prooiems.
lor
wnicn
prac
tlcal
solutions
are
necessary,
but
I
believe
that
the
Canadian
people
have
the
courage
and
ability
to
solve
such
problems
In
a
rational
manner.
It
Is
upon
the
basis
of
past
K1EVU
VOO'O
Vr-LCWI
WS
U
VO
Ml
THty
BOTH
VJOi
HE?
IU
THE.
i
performance
that
I
look
forward
to
1935
with
renewed
confidence."
fiF.XF.KAL
MANAGER'S
ADDRESS
In
his
remarks,
Mr.
S.
O.
Dobson,
newly
appointed
Oeneral
Manager,
referred
to
the
very
satisfactory
nature
of
the
Annual
Report
and
Balance
Sheet
presented.
He
said
In
part:
"After
several
years
ofi
declining
figures,
due
to
general;
conditions,
I
am
glad
to
say
the
trend
has
not
only
been
arrested,!
but
under
most
headings
has
been
i
reversed.
In
some
instances
to
aj
substantial
degree."
In
reviewing
the
Financial
State-
j
ment,
he
said:
"Perhaps
the'
most
gratifying
feature
of
the
Bal-1
ancc
Sheet
Is
the
Increase
of
overi
$50,000,000
In
total
deposits
by
the
public.
The
total
Is
now
$612,579,453.
J
Canadian
branches
contributed
1
$41,000,000
of
this
total
increase,
of'
which
$11,000,000
is
In
the
Savings;
category.
It
is
interesting
to
note!
that
an
increase
ln
deposits
was
shown
by
every
province
In
the
Do-
i
minion.
"Current
loans
In
Canada
show
an
Increase
for
the
first
time
since
1929.
and
are
up
over
$10,000,000.
This
Is
a
significant
change,
reflecting,
as
do
other
items
in
the
Balance
Sheet,
a
heartening
increase
in
Canadian
business
activity."
Mr.
Dobson
pointed
out
that
all
banks
In
Canada,
because
of
theli
easy
cash
position,
arc
looking
foi
desirable
loaning
business,
and
the
compartlvely
small
Increase
under
this
heading
reflects
a
lack
of
de
mand
for
loans,
rather
than
a
re
striction
of
credit
"Profits
for
the
year
were
$4,-1
398.217
but
are
not
properly
com-i
parable
with
published
profits
for.
the
previous
year
because
hereto-'
fore
they
were
reported
after
de-j
ducting
Provincial
taxes
but
before
i
Federal
taxes.
For
the
sake,
of
unl-1
formlty,
and
the
fuller
information
j
of
shareholders,
both
classes
of
taxes
are
now
disclosed
In
the
pub-,
lished
report.
Making
allowance
for
the
resulting
Increase
under
this
heading,
profits
are
lower
by
$268,-;
448.
leaving
$1,506,804
to
be
carried
forward
In
Profit
&
Loss
Account,
after
the
usual
deductions
for
dividends,
taxes,
etc.
"In
keeping
with
the
downward
trend
In
interest
rates
and
the
re
sulting
difficulty
In
employing
funds
profitably,
the
banks
and
most
other
Institutions
accepting
deposits
reduced
their
rates
on
In
terest-bearing
accounts
i
of
1
from
November
1.
1934.
This
has
had
a
beneficial
.effect
upon
bond
prices,
and
has
helped
to
reduce
the
:
cost
of
Dominion
and
Provincial
'
financing."
Mr.
Dobson
made
special
refer-'
ence
to
the
satisfactory
results!
achieved
by
the
branches
outside
j
of
Canada
and
the
valuable
assls-'
tance
they
have
given
to
exporters
in
the
development
of
their
trade
In
the
countries
where
the
bank
Is
represented.
In
conclusion,
he
said:
"On
the
whole.
1934
may
be
re-
:
garded
as
a
year
of
substantial
recovery
for
Canada.
While
we
still
have
many
problems
to
solve,
we
have.
I
believe,
every
Justification
for
looking
forward
with
confidence
to
a
further
Improvement
in
con-i
dltlons
during
1935."
Today's
Limerick
In
Competition
A
town
on
the
map
with
a
curse.
Believe
it,
and
nothing
could
be
worse;
But
the
curse
is
not
there
,
If
the
people
play
fair,
Ahd
put
all
their
thoughts
in
reverse.
Tonight's
train,
due
from
the;
East
at
10:15,
was
reported
this!
morning
to
be
on
time.
A
Budding
"OCT'uS
'GSSoi
tiJSO
LOOK,
TILUlfe
I
IvjbCu.v,.
.ysTPft
"THE
'R.E
OSCHIDVl
v
II
I
I
I
V
AWI
A
1
1311
.
f
t.
-
AlMrWMII
I
lc
11
German
Heads
Honor
Soldier-President
Germany's
"Big
Three"
Hermann
Ooerlng.
Aooiph
Hitler
and
Oen.
Werner
von
Blomberg.
chief
of
staff
of
army
pay
a
Joint
tribute
to
late
President
von
Hln
den
burg
at
Tannentmrg
memorial
Steamships
Sailings
Mail
Schedule
or
Vancouvti
For
the
East
Tuesday
Catala
1:30
p.m.
j
'
Mondays.
Wednesdays
and
Frl
Thur.
j.
P.
Oeorxe
10:30
p.m.
days
4:30
pm
Friday--ss.
Prln.
Adelaide
10
pm.:Frm
the
Kal--
S
Cardcna
midnight
TuestUys,
Thursdays
and
Satur-
Jan
17
and
31
u.
P.
Norah
S
pjn.
(
days
10:15
pm
from
Vancvuvei
i
For
Vancouver
Sunday
sc.
Catala
....
4
pjn.
Wcd.-fs.
Pr.
George
10
am
j
Friday-,.
Prln.
Adelaide
4
pm.
'
Ss.
Cardena
pm
Jan.
13
and
37
aa.
P.
Norah
am.!
For
Anjox
and
Stewart
Gumlay
ss.
Catala
.
8
p.m.
Wednesday
as
P
George
4
pm.
From
,ii)ok
ami
Stewart
Tuesday
-ss.
Catala
11:30
am
Thursday
sa.
Pr
George
8
pm
for
Naas
Klver
ana
I'ort
Simpon-Sunday--ss.
Catala
8
pm
from
Naas
Hlvtr
&
Port
Slmpvin
Tuesday
ss.
Catala
.
11:30
am
For
(Jueen
Charlotte
Inlands
Jan.
4
and
18
m
p.
John
10
d
m
'From
queen
Charlotte
Islands
Jan.
1&
ss.
Prince
John
..
am.
For
Ocean
Fall
Thurs.
ss.
P.
George
10:30
pm.
Friday-
&s
Prln.
Adelaide
10
pm.
Prom
Ocean
Fallowed.-
ss
Pr.
Oeome
10
am.
Friday
s
Prln.
Adelaide
4
p
m
Ss.
Cardena
pm.
tpr
Alaska
Jan.
13
and
27
-ss
P
Norah
am.
Froin
Alak
Jan-
Hand
31
ss
P
Norah
4
p.m.
f
rom
Skeena
Wver-
Friday-
.
Cardena
pm.
U"lim
I
prp
it
llie
rrl
So
simple
rontinriniljr
4
nnJ
you
atllPm
v
rA
Jut
attach
of
I!ucUVf
Tliroat
I.
imilr.l,
Durkley'i
rol.lt,
fla.h
a
Aide
M-t?
wr-I,
Because
it
doesn't
pay
to
It
docs
pay
to
huv
Romance
Mondays
(trulnl
4:30
pm
Tuesday
12:30
p
m
j
Wedimdaya
(train)
...
430
pm
j
Thuradajw
9
30
p
m
i
FtrUUy
-....
11
pm
I
Jan.
3.
n.
ii
4
pin.
From
Van
outer
'
Sunday
.
4
pm,
Tuesday
(train!
10:15
pm.
Wednesday
.
10
am.
Thursday
(train)
10:15
pm
Friday
4
pm
Saturday
i
train
t
.
.
.
10
15
pm
Jan.
13
and
37
am
For
Anyot
and
Stewart-Sunday
7
p
m.
Wednesday
.
..
3
pm
From
,nj
ox
and
Stewart
Tueaday
-.11:30
am
Thursday
8
pm.
For
Naa
Itiver
ana
Port
Simpson-Sunday
7
pm
From
Naai
Klver
and
Port
Slmpoi
Tumluy
11:30
am
for
fneen
Charlotte
Island
Jan.
4
and
18
9
p
m
From
)uecn
Charlotte
Hland
Jan
16
am.
For
Ala.ska
Jan
13
and
27
am.
From
Alaska
Jan
3.
17
and
31
pm.
FR.EE
!
lie
parlr
l.rjiiu
la
1j
Le
I
lie
one
to
up!
TVll
fnrtutM-t
from
Irarupi
-
rrJ
forrlrll
the
future
from
lb
uri.
a
f
liil.l
of
lwrle
ran
ilo
It
lo
it
ai
a
professional
if
tou
bate
BUCKLEY'S
FORTUNA
ran
art
a
rop-
of
new
ami
timpU
of
fortune
trllinf
alisolutrljr
FRF.F.
llii
ailtrrliirmrtil
to
front
panel
Mitlure
rarlon,
or
four
rmpt)
Al.l
,oet
and
mail
to
W.
K.
Ilutllry
Toronto,
for
our
free
tony.
i
the
nuprrmr
rrninljr
for
rouglit,
drondiiiu
ami
atllima.
It
arli
lilr
a
tingle
ip
prove
it.
Ilucllrt'i
Throat.
keep
)our
tliroat
mol.t,
your
hreatli
Vomlrrfnt
for
ninlrr-.
nintrr.
etc
advertise
poor
products,
those
advertised.
MMM
I
.
l
A
.i
UWT
SIIOviNGs
They're
All
In
It'
--
urns-,
Nancy
Carroll,
(lfne
lttJn
Patsy
Kelly.
Ualph
MortJc
MIUI
Oreen.
Sydney
H,,
Sam
Hardy
making
the
wave
U
laughter
in
a
sd;:
mcrry-go-rouno
a
comedy
una
TRANSATLANTIC
.........
MHKKY-
fOnilWr
nvunu
Is
a
Grand
Fvenlnc
trul
Don't
.MU
a"
'At
7.32
ii
P
54
EXTRA
In
Our
Ne
Marina
(Jcoruc
Koyal
Witldinj,'
SporUtht
and
f
artaca
Suprox
Special
Radio
Battery
will
the
up
t
i
CH"
vkc,
and
ia
tiw
:
Inquire
about
n
:
ary
derelopm.
James
Marlin
NEW
ROYAL
HOTEL
J.
Zareih
I's
"A
UO.Mi:
AWAV
IIOMt
IIOMF.
Kates
11.00
up
W
Rooms
Hut
it
t
W
Prlnte
ltti)j.
:
B'
Phone
28
J
P
F
CHECK
YOUR
TUNING
DIAL
Stations
heard
on
t
n
flit's
reception,
i
oti
r
correct
dial
setting
v,
indicate
that
your
rwl-needs
adjusting.
Phone
Blue
320
for
iiartictilar;.
SUPKrUOK
KADlO-KIaKCTKIC
Advertise
in
tn
Ually
Net
By
Westover
111
-n
rr
rni
i
i1
r
i
f
nt
a
i
OOVJU
vnunt:
voo
(Sooty