-
'"
i
-
.
...
TAQE
TWO
THE
D.Y
NEWS
.
Monday,
z,t.mkt
u
JM
J
for.
deposit
liabilities
we
have
not
j
Qp
RECOVERY
IN
only
1U
in
conservatively
valued
'assets,
but
in
addition
we?
have
as-
THE
IDEAL
ASCENDANT
SAYS
BANKER
sets
capital
representing
and
$39,000,000
"$36,000,000
In
reserve
of
DAILt
EDITION
What
could
be
more
appreciated
than
a
pair
of
SLIPPERS?
FOR
LADIES
The
JULIET.
A
felt
type
with
fur
trimming,
a
leather
sole
and
a
small
heel.
Coolrs
wine
and
brown
FOR
MEN
The
ROMEQ.
A
most
popular
style,
in
ty-own
kid
with
the
'elastic
side
and
leather
sole
and
heel.
Come
in
and
See
Qui-
Selection
Where
Most
People
Trade
F
AMILY
SHOE
STORE
IW.
PHONE
357
(Estab.
1908)
The
King's
Birthday
RAW
We
Buy
THIRD
AVENUE
THE
DAILY
NEWS.
PKiNCE
RUPERT
BRITISH
COLUMBIA
Published
Every
Afternoon,
Except
Sunday,
by
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H.
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Managing-Editor
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86
Member
of
Audit
Bureau
ot
Circulations
Monday,
Dec.
14,
1936
This
year
we
have
celebrated
the
birthdays
of
two
Kings
owing
to
the
sudden
yet
democratic
removal
oi
one
and
the
quiet
accession
of
the
othe'r.
It
is
not
to
be
expected
that
we
shall
wax
eloquent
or
become
enthusiastic
about
oilr
new
king,
we
do
not
know
much
about
him.
Sp
far
we
ha.Ye.
had
no
pppprtunity
to,
build
up
that
halo
which
was
so
great
a
factor
in
the
re
lations
between
the
former
king
and
his
people.
All
we
know
about
George
VI
i$
that
he
has
the
reputation
of
being
a
good
father
and
a
decent
citizen,
that
his
wife,
Who
is
to
be
crowned
queen
in
May,
is
a
particularly
esti
mable
lady
with
a
good
looking
familv.
We
wish
the
King
success
on
this
his
first
birthday
since
his
accession
at
the
week-end.
We
are
all
so
i
con
fused
by
the
rapidly
moving
events
that
we
4q,
not
quite
realize
what
it
is
all
about
but
we
hope
there
will
not
be
any
more
changes
for
a
little
while.
For
British
people,
noted
as
being
slow
moving,
considering;
every
step
carefully
and
well,
it
has
been
tremendously
sudden
to
find
ourselves
with
a
King
deposed
bv
Parliament,
anothei
proclaimed
and
his
.birthday
beincr
celebrated
all
within
about
two
weeks.
However,
t
has
all
been
a
means
of
ouuvinK
uic
y.uvvei
ui
tmuaiwiii
uacneu
oy
puDllc
op?
'
inion.
Our
King
is
today
a
victim
of
circumstance.
He
is
King
npt
b,ecause
he
wanted
to:
be
"but
simply"
because
of
his
uiuuici
a
uevisiuii
iu
retire,
.m
nis
iaypr.
Chinese
Situation
What
a
pity
it
is
that
Chha
cannot
settle
her
difficul
ties
as
easily
as
the
British
iEmr)ire
and
as
ouicklv.
tKi
difficulty
is
that
thev
have
lost
th
hnbif.
nf
sPTt'lino-
fllf
ficulties
in
a
peaceable
,1fianmh
War
and
banditry
have
uu"'c
"
nciuiw
vvitn
tiieiu,
nit;
jLirsu
impulse
IS.
10
iiffn
whcii
tuu
ui&agre
ami
tnere
is
no
central
power
s.tron
enough
to
prevent
it.
And
yet
the
Chinese
ar;e
naturally
a
peaceful
people
top.
peaceful
fpr
their
own
good.
A
few
war
lords
have
been
able
to
force
obedience
and
bandits
have
nrevprl
upon
the
people.
Elopds
have,
also
inundated
their
fields
and
famine
has
carried
away
many,
thousands
and
yet
they
carry
on
doing
the
best
they
"know
under
adverse
conditions,
FURS
And
Pay
the
B?s,t
Prices
G0LDBL00M
The
Old
Reliable
BANK
OF
MONTREAL
ANNUAL
MEETING
Ing
expansion
in
our
export
trade,
rence
of
tin
dlsastrpus
experiences
He
made
particular
reference
also
to
the
uplift
which
he
said
had
been
given,
to
the
whole
yest
by
Jie
mining
industry,
of
which
in
xcess
of
$100,000,000
went
to
pay-
oils
of
mining
employees
and
up
wards
of
$75,000,000
for'
supplies
and
equipment.
This
did
not
take
into
account
dividends
and
many
apltal
expenditures,
nor
did
It
in-lude
taxes,
paid
to
governments
or
he,
Industry"
large
payments
for
transportation
service,
with
re-
tilting
benefits
to
the
railways.
He
lilded
that
a
recent
survey
which
he
Bank
had
made
suggested
that
bf
all
Canadian
industries
that
of
hiinlng,
with.
Its
collateral
activi
ties,
was
the
greatest
contributor
to
the
federal
income
tax.
He
dwelt
at
some
length
on
the
neasures
which
the
Dominion
government
was
taking,
on
the
recom
mendation
of
the
National.
Employment
Commission,
for
provid
ing
employment
In
the
building
trades,
and
the
cp-operatlon
which
the
banks
were
giving
lrt
the
Home
Improvement
Plan,
saying
a
broad
nollcy
of
this
nature
should
without
question
have
considerable
ef
fect
In
putting
to
work
men
whom
the
depression
had
hit
more
se
verely
than
almost
any
other
type
of
Canadian
citizen.
Balanced
Budget
tn
Sight
at
Ottawa
The
change
which
had
recently
come
over
business
and
other
con-j
dttlons,
he
said,
was
reflected
In
the
state
of
the
government
flnan-'
ces.
"When
we
consider,"
he
re
marked,
"that
during
the
past
six
years
these
deficits
have
averaged
over
$139,090,000
per
year,
it
is
gratifying
to
note
that
at
last
there
13
in
sight;
a
balanced
budget
the
goal
of
every
finance
minister
and
the
cornerstone
of
any
programme
for
restoring
business
confidence
and
the
free
functioning
of
private
enterprise."
The
Railway
Situation
Referring
to
the
legislation
altering
the
management
of
the
Canadian
National
Railways,
Sir
Charles
said
it
was
confidently
expected
that
the
new
directors
would
take
It
as
their
duty
to
exercise
every
effort
to
reduce
the
re
curring
anpual
deficit
of
the
sys
tem.
To
some
extent
this
might
possibly
be
done
by
measures
of
Internal
economy
and
to
some
ex-
;tent
by
measures
of
further
co
operation
with
the
Canadian
Paci
fic
Railway,
which,
presumably,
would
be
ready
to
assist
In
every
proper
fashion.
j
Forces
of
Recovery
In
Ascendant
1
He
had
a
word
of
warning
re
that
pieped?d
the
depression
from
,mcu
we
were
now
emerging,
hreats
to
our
future
well-being,
and
while
we
must
all
be
deeply
conscious
of
the
foreign,
developments
affecting1
ihe:
general
out
look,
it
must
be
clear
to
all
of
us,
from
our
own
obseryaUpn,
that
the
forces
of
recovery
ars
once
more
in
the
ascendant.
A
wide
variety
of
factors
is
combining
to
give
full
play
to
the
enterprise
of
our
people
and
among
these
factors
is
the
growing
conviction
that
there
are
no
short-cuts
to
better
times
and
that
the
observance
of
age-old
economic
laws
must
be
the
basis
of
lems
to
face
but,
as
regards
these
problems,
I
tand
squarely
on
the
opposite
side
of
the
fence
from
the
pessimists
and
I
believe
that,
with
the.
experien,c$
.ajned"
in
the
pas
few
years,
we
itvOahada
will
steadily
work
our
'way
toward
better
things."
Bank's
PosiiloniCxtremely
Strong
Presenting
The
"If
9th'
annual
balance
sheet
of
the
Bank,
W.
A.
Bog,
on
behalf
of
himself
and
Jackson
Dodds,
his
fellow
general
manager,
!
Saviors
Acco.un.ts.
rarUcuU.Tly.
...
.
Valued
Sir
Charles
Gordon
Optimistic
on
Canada's
Economic.
?SeeS
tre
Outlook
Rut
Warns.
Against
Policies
Thai
Would
Bring
duce
1
wx
annum
the
rate
reilll
oi
country
uuo
uisrepuie
of
Interest
paiu
pn
savins1-
uci
'sit-
'siti
saying
savin?
trie
the
reduction
reduction
had
had
beei
been
W.
A.
Bog,
General
Manager,
Discusses
Commercial
Loan
Situation
Explains
Falling
Tendency
of
Loans,
and
Necessity
For
increased
Investment
in
Government
Securities
Strong
expressions
of
confidence
in
the
outlook
in
Canada
were
the
keynote
of
the
proceedings
at
the
annual
meeting
of
the
shareholders
of
the
Bank
of
Montreal,
held
at
the
head
office
of
the
bank
in
Montreal
on
December
7.
The
meeting
was
also
informed
that
the
bank
is
in
an
extremely
strong
position,
and
that
deposits
had
been
further
protected
by
another
substantial
addition
to
the
reserve
account.
Sir
Charles
Gordon,
O.B.E..
pre-K.
.Muvtib,
1
iiy4
w
v
gaming
U
VlUVitU
ICfclCHU
WJii
tU
-
'
.
.
j
-1
five
fundamental
features
out-
ieia.tum
to
debts,
saying
in
respect
ftP5u"e"t
at
v
"tM.
ctanrtlna
In
n.anA'
nrnm'ct
rtnr.
.
nit,
,o..
ji-.t
'
.h.(
u.
..M
t
WaY?
IUXS
beep
the
first
COnSlQera-
In
the
tourist
trade,
and
Ihe
strlk-
market
would
not
lead
to
a
recur
drew
attention
to
the
fact
that
the,
wood's
in
at
KAIE'N
HARDWARE
inspect
our
Christmas
stock
of
inexpensive
gift
items
for
any
member
of
the
family.
KAIEN
HARDWARE
For
Toys
made
with
reluctance,
and
it
was
:safy
the
continued
decline
in
the
yield
on
securities
and
the
low
level
jf
commercial
loans
that
had
com
piled
the
banks
to
take
the
step.
"The.
two
greatest
depositaries
fqr
the
sayings
of
Canadians
In
all
yvilks
of
life
are
the
banks
and
the
insurance!
companies,"
he
said,
"j,
treat.
part
of
the
funds
belonging
0
depositors
and
policy-holders
Is
-.ivested
in
securities.
The
protec-'lon
of
the
savings
of
Canadians,
built
up
so
laboriously
and
with
such
self-denial
over
the
course
of
years
to
ensure,
a
measure
of
secu
rity
In
old
age
'or
to
provide
lor
'
thto
Bank
and
shou
T
also
ing
the
past
year:
Dcf
see
how
this
line
of
thought
Tne
recovery
in
agriculture,
me
could
pz
pursued
without
the
ere-
"
""
,BY;V
,,,.
ies-
In
osi
stances
these
sav-
extraordinary
activity
in
mining,
.jit
0f
the
whole-Dominion
coming
the
all-time
record
In
newsprint
nto
disrepute.
He
also
expressed
a?e
n(
and,
a.
,0SS
,
nrnrliirtlon
thp
irratlfvln
lnr.ra.
fWot
i
,io
-4H
Hi
rtk.
;
a
Sn"11
POjUpn
OI
ine
prin-
be
deprecated
In
addition
to
0
as,
"But
I
would
no
wish
to
close
the
best
wheat
price
level
In
years,
I
jiy
rhiarks
cn
a
discouraging
remarking,
that
the
value
of
thlsljipite,"
".be
'said.'
"While,
'as
I
have
year's
wheat
crop
was
estimated
at
i
intimated,
there-are
domestic
poll
5ia7,ooo,gop
as
compared
with.;
$156,000,000
last
year,
and
saying
that
an
added
factor
in
the
uplift
was
an.
export
demand
which
was
rapidly
dissipating
the
depressing
:loud
that
had
overshadowed
the
market
In
the
form
of
a
large
sarry-over
from
previous
years.
A
New
Mainr
Dprplnnmeni
I
In
the
mining
industryi'he
said,
canaaa
was
now
wen
launcnea
upon
what
"was
'
undoubtedly
another
major
movement
In
the
his
tory
of
her
development.
It
had
been
estimated,
he
said,
that
a
total
3t
more
than
$200,000,000
annually
Ical
factors
earning
Implied
was
being
placed
In
circulation
by
(
sound
progress.
Ve
still
have
prob-
bring
want
and
anxiety.
'Any
policy
which
would
tend
to
wsaken
the
sanctity
of
contracts
is
to
bear
losses,
such
a
policy
would
strike
at
the
very
core'
of
our
eco-
nqmic
order,
for
when
there
Is
lack
Qt
confidence,
a
slackening
of
business
activity
takes
place,
bringing
unemployment
In
its
train."
Paying
tribute
to
the
loyal
co
operation
of
the
staff,
he
said
the
hlch
morale
of
those
in
the
service
i.
mteht
hp
nttrihutipd
In
nart
tn
5e-
curlty
of
fmpl.oyment
and
an
assured
Income
on
retirement.
These
factors,
from
a
national
standpoint,,
had
been
a
contribution
to
the
empbynvent
situation
In
Canada
during
the
past
few
years
when
the
bank
had
carried
a
surplus
of
staff.
Going
to
Junea
For
Atmosbhere
Natural
Scenes
for
punyood,
Story
To
Be
Taken
Near
Alatka
Capitol
'Taking
north,
to
location
near
Juneau
sets
and
property
to
be
used
hi
the
making
of
a
picture
from
one
of
James
Oliver
Cur-
stories,
Norman
Dawn
of
t,otal
assets
of
the
bank
had
In-
Hollywood
was
among
passengers
ereased
from
$792,800,000
a
year
efe
l.hls
morning
aboard
the
ago
to
$305,100,000
at
the
present
?rlnces?
Norah.
Although
it
seemed
time,
and
nointeri
nut.
that
thP
c.
"""'s
i.i'.,
tremely
strong
jpositipn
of"
the
bank
was
reflected
"in
quick
assets
to
talling
$6,06,502,000,
representing
83.27
of
all
liabilities
to
the
pub-1
lie.
He
also
remarked
that
by
the
transfer
of
f
1,000,000
from
profit
and
loss
account
the
reserve
account
had
been
Increased
to
$39,-000,000,
a
total
which
had
been
ac-cumulated
from"1
profit?
over
the
pas
119
years
attd
from
premiums
on
new
siocK
issuea.
This
sum,
he
said,
was
held
as
a
protection
for
he
bank's
depositors.
"That
is
to
say,"
he
remarked,
"as
protection
Dawn
had
with
hun
three
bear;?
jjnd
a
number
of
dogs.
&
t'f
VI'
fit
"
lf'
CHRISTMAS
FLOWERS
Pot
Plants
in
Yarie(y.
Qrder
Early!
BAYNE
-
Florist
Demers
Ret
Full
Value
For
Your
Money
HIGH
CLASS
MERCHANDISE
AT
LOWEST
PRICES
Dresses
-
Hats
-
Blpuses
-
Lingerie
Gloves
-
Hosiery
Handkerchiefs
Shoes
Knitted
Suits
Skirts
-
Bathrobes,
-
Slippers
Vool
Underwear
-
Novelties
COATS
At
Bargain
Prices
RAINCOATS
From
$2.95
j
Spend
S5.00
or
more
and
receive
a
GIFT
of
one
pf
pur
lovely
Dolls
or
Animals.
See
our
window.
Canadian
Pacific
To
Vancouver
via
Ocran
Fa
111
aueTWay
P.orU
Bfj.
'Princess
Adelaide,"
every
Friday
at
10
pm.
Ii
Vancouver
direct
S3.
"Princess
Norah,"
Dec.
3rd,
17th,
Jan.
3rd,
Hth,
28th.
To
Kcli'ljiKuu,
UrautcJL
Juneau
dud
SkaKwax
SS.
'-princess
'
Norah,"
Ded.
13th,
30lh,
Jan.
10th,
24th,
Feb.
'
7th.
WlriTIl
EXCURSION
FAIES
ifo
VANCpyi:it
a(I)
rJtiirn
A
Practical
Christmas
S32.00
TickeU
on.
sale
Nov
'1st,
1936
to
Feb.
23th.
1937.
Final
return
limit
March
31st,
193'
For
Information
and
Reservations
SH.
L,
q)ATKS.
Ocn.
A?exit.
Prince
Rupert,
B.C.
By
Giving
-
-
-
McBRlNE
BAGGAGE
Toiirist
Wardrobe
Trunk
17.50
Hard
fibre;
covering
with
Hea.yy
steel
binding,
leather
swing
handle,
side
lock,
two
hoop
hIts
and
dowels,
paper
lining,
full
length
removable
tray
wlth
parlfi-lon.
Wardrobe
Gladstone
18,00
Pup
Walrus
grain
buffed
cowhide,
polished
hardware,
post
handle,
Irish
linen
lining,
two
long
military
pockets
and
shirt
-fold.
Jumbo
Size
Streamline
Gladstone
Buffed
grain
cowhide,
pup
walrus
embossed,
linen
lining,
two
long
miliary
pockets,
hardware.
.
'
1
'.
Ladies'
Standard
Aeropack
,
;..
Shark
grain
fabrikold,
roundtfcdges,
rayon
moire
lining,
centrebar
hanger.
Ladies-
Standard
Aeropack
$18,00
polished
$10.50
18.00
Embossed
split
cowhide,
round
edges,
rayon
moire
lining,
dress
curtain
afid
centre
bar
ha"8cr
wiin
tnree
seiecioroqs.
lTelTwmH
&hl1a"c1
$12.50
Itound
edges.
AeroUeed
coverlii?,
tyist
handle,
'wfl'
locks,
harmonizing
llhlhirs
In
Bramble
pa
terns,
stex
shirred'
pqckeU
and
retaining
bands.
Apropack
hAS
two.-selectorad
side
bar
banger-yanlty
case
has
lull
size
lid.
mjrror
tiyo
bottle
and
4
Jar.
Suitcase:
$2,009r
$3.50
BRYANT
COMPANY
LTD.