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BRITISH
COLUMBIA
The
Royal
Bank
of
Canada
73rd
Annual
Meeting
Morris
W.
Wilson,
President
and
Managing
Director,
hails
new
partnership
of
Canada
and
the
United
States.
As
Chairman
of
the
British
War
Supply
Council
sees
Germany
outstripped
by
Britain
and
North
America
in
1912.
Sydney
G.
Dobson,
General
Manager,
reports,
assets
over
"
$1,000,000,000.
Sees
record
business
expansion
this
year.
Prediction
that
Germany's
war
this
fiscal
year
alone
is
estimated
production
would
be
outstripped
at
two
billion,
820
million
dollars,
in
1942
by
the
combined
output
which
is
more
than
twice
as
much
of
Canada,
the
United
States
and
as
our
total
expenditure
in
all
of
Great
Britain,
was
made
at
the
the
last
war.
The
United
States
73rd
Annual
Meeting
of
The
Royal
Bank
of
Canada
by
Morris
W.
Wilson,
President
and
Managing
Director,
In
his
annual
address
Mr.
Wil
son
gave
tremendous
productive
capacity
of
North
American
factories
and
spoke
in
glowing
terms
of
the
fine
record
made
by
Canadian
industry
since
the
outbreak
of
war.
"Two
years
ago,"
said
Mr.
Wil
son,
we
were
mcapame
oi
out
fitting
an
infantry
division;
to
day
our
industries
can
equip
a
new
division
every
six
weeks.
Canadian
equipment
Is
being
used
in
every
area
of
war."
Mr.
Wilson
paid
particular
tri
bute
to
the
Government
for
the
way
in
which
it
had
approached
industry
and
persuaded
manufacturers
to
go
into
production
of
the
strange
and
complicated
apparatus
of
war.
CONTROLS
CURB
INFLATION
Referring
to
the
steps
already
taken
to
control
Inflation
Mr.
Wilson
said,
"You
cannot
divert
half
million
men
into
the
armed
services
to
engage
in
the
most
ex
travagant
kind
of
destruction
and
power
we
snouid
expect
to
live
as
we
have
lived
in
peace-time.
We
have
reached
th,e
point
where
we
must
cut
down
unneces
sary
consumption,
in
order
to
make
available
for
the
war
effort
all
the
resources
possible.
We
must
keep
constantly
be
fore
us
the
realization
that
our
war
effort
consists,
in
a
material
sense,
in
things
and
services:
that
is,
food,
raw
materials
and
manu
factured
products
on
t,he
one
hand,
and
man-power
on
the
other."
CANADA
PLAYS
HER
PART
As
a
comrade
in
arms
of
Great
Britain,
Canada,
said
Mr.
Wilson,
had
been
able
to
make
a
material
contribution
to
the
common
cause.
We
pay
the
whole
cost
of
rais
ing,
arming
and
maintaining
the
Canadian
armed
forces
serving
in
Canada,
Great
Britain,
Gibraltar,
the
Far
East,
the
West
Indies
and
Newfoundland.
We
supply
Great
Britain
with
food,
textiles,
lumber
and
finished
apparatus
of
war,
and
we
do
not
demand
"cash
on
the
barrel
head."
Not
one
dollar
of
the
$250
nillllons
of
gold
sent
to
Canada
by
Great
Britain
has
been
used
to
pay
for
goods
of
Canadian
origin
it
has
all
been
expended
In
the
United
States,
with
much
more
of
our
own
gold,
to
Canada
for
British
account.
Little
opportunity
existed,
said
Mr.
Wilson,
for
the
making
of
Dig
profits,
out
of
the
war.
"There
has
been
neither
opportunity
nor
disposition
for
'our
producers
to
make
big
profits
out
of
this
war,"
he
said.
CAN
OUTSTRIP
GERMANY
has
already
doubled
its
entire
expenditure
during
the
first
Great
War.
I
"United
States
manufacturers
sent
to
Great
Britain
in
the
first
as
many
combat
planes
as
were
lost
defending
the
British
Isles
during
the
whole
of
1940.
In
such
licensing
builds
the
bank's
clientele,
but
mainly
because
saving
is
an
essential
development
in
our
war
economy.
1052
ENLISTMENTS
Because
of
war
conditions
a
greatly
increased
burden
had
been
placed
upon
the
bank's
staff,
said
Mr.
Dobson,
and
too
much
credit
could
not
be
given
for
the
commendable
way
in
which
both
men
and
women
had
performed
their
duties.
"Since
the
outbreak
of
war,"
he
said,
1,052
officers,
including
43
from
our
foreign
branches,
have
been
granted
leave
of
absence
to
serve
in
the
armed
forces.
In
Canada
and
Newfoundland
40
percent
of
our
male
employees
under
30
years
of
age
enlisted.
We
have
assured
all
these
young
men,
of
whom1
we
are
Justly
proud,
and
to
whose
return
we
are
looking
:or
ward,
that
positions
will
be
avail
able
to
them.
I
regret
exceedingly
to
report
that
eight
of
our
young
men
have
given
their
lives
in
the
country's
service.
We
extend
to
their
rela
tives
our
sincere
sympathy."
PRICE
CONTROL
(Referring
to
what
he
termed
the
new
experience
for
business
of
price
and
wage
controls,
Mr.
Dobson
said,
"Some
people
view
with
to
cover
a
part
of
the
cost
of
raw
'
concern
the
institution
or
tnese
materials
and
machinery
brought
controls
and
it
seems
to
me
anjip-
to
produce
war
goods
propnate
time
to
point
ouk
uui
ana
puce
uAiug
are
commonplace
with
banks,
"Our
charters
are
granted
to
us
by
virtue
of
the
Bank
Act
which
corses
up
for
revision
at
ten-year
intervals,
at
which
time
the
chartered
banks
are
subject
to
close
examination
by
the
Banking
Committee
of
Parliament.
All
our
powers
are
strictly
regulated
by
law.
The
maximum
rate
of
m-
satisfaction
the
close
co-operation
erest
we
are
Permitted
to
charge
which
Has
developed
between
Is
fixed.
There
Is
even
a
celling
Canada!
and
the
United
States
in
on
the
commission
we
may
charge
-..!
u
j
.i.,toriw
for
collectlne
a
bill
discounted
in
l?UuT
""
',
one
city
and
payable
in
another,
"lc
ua"a""
J
We
are
not
alldwed
to
charge
more
.....joni
v,
!i
it.
than
a
fixed
flat
fee
for
small
j
..-!
:
A...nhtnnoA
rasual
transactions.
We
are
not
.-u
'...u
4v,
nrin.
nermitted
to
own
real
estate
ex
tion
Visibilities
of
North
Amer-
cept
for
our
own
use
we
must
not
1
-Aj.j
4
.uo
j.,-i.j
,ifv,
make
loans
against
real
estate
purity
We
,
sub
jt
o
hi
'such
extraordinary
efficiency
by
f
Great
Britain
under
the
impact
of
of
Banks.
We
must
make
detailed
war.
.
and
extensive
statements
to
the
I
"Canada
s
war
expenditure
m
rinance
jjeyaiwucuk.
o.,c
w.s
WARM
TALE
ANDHUMAN
"Strawberry
Rlonde,"
With
James
Cagney
and
Olivia
dc
Havilland,
Coming
to
Capitol
Theatre
There
Is
a
warm,
human
story
In
the
picture
"Strawberry
Blonde,"
starring
James
Cagney
and
Olivia
de
Havilland,
which
is
the
feature
Dicture
at
the
Capitol
Theatre
this
Wednesday
and
Thursday
Other
Important
members
of
the
cast
are
Rita
Hayworth,
George
Tobias
and
Alan
Hale.
Cagney,
In
a
different
sort
of
role
than
those
in
which
he
has
usually
been
seen,
is
cast
as
simple
fellow
whose
one
ambition
is
to
become
a
good
dentist.
Viva
cious
Miss
de
Havilland
and
spark
ling
Rita
Hayworth
are
two
women
who
come
into
his
life.
He
falls
in
love
with
Rita
but
marries
factual
evidence
of
the
1
seven
months
of
1941
nearly
twice
Olivia
on
the
rebound
when
the
former
runs
off
with
a
local
boy
who
made
good
played
by
Jack
Carson.
After
many
years
of
hap-
Canada,
starting
from
scratch,
we.
piiy
married
life
Cagney
realizes
are
producing
40
or
moie
planes
a
week,
of
which
15
to
25
are
Hurricane
fighters.
In
conclusion
Mr.
Wilson
paid
a
warm,
tribute
to
the
heroic
manner
in
which
the
people
of
Great
Britain
had
sustained,
for
over
two
years,
the
terrible
impact
of
war
and
at
the
same
ume
performed
miracles
in
the
production
of
urgently
needed
implements
t
w-ar.
GENERAL
MANAGER'S
ADDRESS
In
presenting
the
financial
that
he
married
the
right
woman
after
all
because
Rita
turns
oul
to
be
a
querulous
complalner
who
makes
life
miserable
for
her
husband
In
spite
of
his
wealth.
The
story
is
told
in
a
flashback
style
with
the
plot
gradually
un
folding
to
tell
both
a
dramatic
and
humorous
tale.
Throughout
It
is
sprinkled
with
the
cnarm
of
the
Gay
Nineties
with
the
old
songs,
sayings
and
customs.
outbreak
of
the
war
we
are
re
quired
to
be
licensed
by
the
For-
statement,
Mr.
S.
G.
Dobson,
Gen-
ejgn
Exchange
Control
Board
be
eral
Manager,
noted
that
the
bank
fore
we
can
.buy
or
sell
foreign
naa
enjoyea
a
sausiaciory
year
exchange
and
the
regulations
lay
aespiuj
greauy
cnangea
cunaiwuns
down
t
h
e
comimlssion
we
may
aue
to
tne
war.
notwitnstanaing
charge
on
such
transactions
Government
regulations,
"which
!
do
not
point
to
these
things
at
one
ume
wouia
nave
Deen
con-
in
anv
critical
wav.
but
merrlv
to
consumption
of
goods,
and
expect
sldered
intolerable,
but
vvhlch
we
show
that
what
is
revolutionary
business
at
home
to
proceed
as
"w
a
ntxcaaaiy
m
me
wm
control
or
otner
businesses
in
tne
usual,
or
Drices
to
remain
as
usual,
or
war
wmcn
nas
Deen
iorcea
interests
of
wartime
stability.
U
.
....
....
.
With
the
tragic
memory
of
the
"P"11
us-
juui
"'uucu
part
or
tne
every-aay
experience
inflation
of
the
first
World
War
w
expana.
wime
"
iiamiaiij
ue-
0f
banks.
Price
ceilings
are
not
j
In
mind,
thinking
people
believe
comes
more
and
more
difficult
to
n0Velty
with
us."
that
almnst
anv
mpnsnre
would
hp
mane
reasunuDie
pronu.,
c
iiavc,
Tn
conclusion
Mr.
Dobson
re
lustified
to
Drevent
a
repetition.
Because
oi
eiuargeo.
ousmas
aim
marked
that
indications
were
tnat
If
anvone
is
Inclined
to
be
crit-
"uu
"icucu,
wen
iy42
WOuia
see
au
recorai
Dronen
leal,
let
him
think
of
how
danger-1
snow
earnings
comparaDie
wnn
a
jn
business
expansion.
busly
our
present
position
par-
year
a8-
allels
that
of
the
first
Great
War.
Assets
of
the
bank
now
standing
The
increase
in
the
wholesale
at
over
$1,000,000,000
were
at
the
price
index
in
the
first
25
months
nignesi
point
in
ruswry.
bu.
of
that
war
was
20
points;
in
the
Dobson.
Commercial
loans
had
first
25
month
of
this
war,
the
wuimucu
w
w"m
onu
uCt-'
index
has
climbed
21
points.
In
by
the
public
were
at
a
record
the
face
of
these
facts,
it
would
be
level-$152,259
936
higher
than
at
difficult
to
argue
that
an
leffort,"16
PeaK
OI
wie
u"4'
should
not
be
made
to
control
the
I
"More
new
ae
posu
accounts
situation
before
it
gets
out
of
nave
Deen
openeu
uw
ii
hand
than
in
any
similar
period
in
the
Tt
nirt
hp
ahsnrrt
tn
.'vnort
1
history
of
the
bank.
We
are
doing
that
in
the
midst
of
this
colossal
our
best
to
foster
this
growth
not
rttvorslnn
nf
material
and
man-'"'"
uecauie
it
ik
uuim
up
up
mui
i
BoVRiL
sure
touches
the
spot
cold
daysl
and
wow!
is
it
goodl
1
U
miTTER
?
..I.
11.
IJUIjVJLiJLA
Optometrist
(OPPOSITE
POST
OFFICE)
5
Start
the
Year
Right
Uy
;
Saving
Our
COUPONS
for
Useful
',
Household
Items.
;I
Call
in
and
let
us
explain
;I
this
plan
to
you.
MUSSALLEM'S
Economy
Store
"Where
Dollars
Have
More
Cents"
P.O.
Box
575
Phones
18,
19
G
O
L
D
:
S
I
E
lA
I
L
VWJWJW
THE
SEAL
OF
QUALITY
at
uHV
Sockcyc
Salmon
Fancy
Red
Herring
,
in
Tomato
Sauce
Sandwich
Spreads
Spiced
Salmon
Smoked
Salmon
Bloater
TODAY
and
8?
4I
that
good
old
two
-fisted
jimmy
those
good
old
two-step
days!
unheard
of!
it's
history-wrecki
it'
hilarious!
.?:
hi
.
WEDNESDAY.
JANTTAPv
..
CAPITOL
Completr
Shoiv,
at
1:00
-
2-3;
-
i.
THURSDAY
A
fAMOUl
PIATIM
IHIATU
6:47
8:52
"
lit
-iV
rsr
RITA
HAYWORTH
ALAN
HALE-JACK
CARSON
'GEORGE
TOBIAS
'at
1:00
-
3:05
-
5:10
-
7
15
9
20
1
Also
News
"Wings
Across
Continent"
Wanted
-Raw
Furs
JiFL
Representing
HUDSON'S
BAY
COMPANY
Ship
to
J.
E.
OKMIIFXM,
Cow
Bay,
Prince
Rupert,
Fl.C
JUST
RECEIVED
A
New
Shipment
of
It
is
Really
Luggage
Wardrobes,
Trunks,
Gladstones,
Fortnite
Cases,
Lady
Sets,
Suit
Cases.
1712
-J-
r?
o.
jljj
THIRD
AVENUE
PRINCE
RUPERT,
J;
Keep
in
a
Good
Slock
of
I
TELKWA
OR
ALBERTA
I
The
Best
Quality
Coal
is
Needed
at
a
Time
Like
This
Albert
&
McCaffery
Ltd.
PHONES
116
OR
117
.
.
.
.
'
'
T
1
TTTTT
T
f
TTTTT
f
YYTTTrVVVTYTTTTTTTT'
Canadian
National
Railways
Steamers
Leave
Prince
Runcrl
Wednesdays
at
3:00,
p.m.
for
Ketchikan
and
Stewart,
Thursdays
at
11:15
p.m.
for
Ocean
Falls,
Powell
Iliv"
nl
Vancouver.
Winter
Excursion
Fare,
Vancouver
and
Return
ft
Of!
Tickcts
on
sale
Nv.
15th,
1941,
to
Feb,
15
fyV'vV
1942.
Final
return
limit
March
15th,
1
Plus
Tax
Trains
leave
Prince
Rupert
for
the
East
Monday,
Wednesday
and
Friday
at
0:00
p.m.
Alr-Condltioned
Sleeping
and
Dining
Cars
For
full
information,
reservations,
etc.,
call
or
write
R.
S.
GREIG,
CITY
PASSENGER
AGENT,
528
Third
Avenue
R"
rhonc
2fo
rrince
A8cnts
r
Trans-Canada
Air
Lines