or whi ou 'METCALFE Metcalfe received word of the «cath of Mr. Russell Booth with . deep regret. We extend to Mrs. "Booth aad her relatives our sincer- «est sympnthy. On the svening of Feb, 1st there © Was a very enjoyable skating par- ty at Metcalfe. Congratulations for the brilliant stccess of the party are due to Miss E. Jeaele, Mr. O. Dow, Miss A. Gillissie and Mr. M. Jeacle who were responsible for the evening's good time The Metcalfe Youn3 People's 'League had a social evening at the 'home of Mrs. Jrs. Whiteside. Al splendid gathering was present and See--.-- fore beauty, and Deputy, day, all enjoyed to the full an evening sf lively fon, x i A "dangerous epidemic of pink «ye is raging in Metcalfe et pre- Sent. : : Valley Cecil Woods no ionger travels ihe south road but new has turned fowards Ottawa Hn offers no ex- Planations whatever for his inex- <usibld waywardness except a nat- ral inclination fora more invigor- ating atmosphere, The two Harrys are debating seriously upon the momentous qu: estion of again cxchanging their dady loves. No dscision can how- «ver be reached regarding the gray furs. Harrison declares it would be Teckfess to part with them after the bear having returned te his nest dor another term, - Never mind Craig where there's a will there's a way. Edgar worked "faithfully at Mr. Angus Camzron's sawing the ether day. He informed Mr. Cameron that he considered himself in hon- aur bound to give assistance as he fully intended to help burn? the wood, ' Mr. Fred T, Latimer of Metcalf. $2id a visit to his son Mr. Forest Latimer of Toronts who has been all ately but is recovering. Harvey has become nne of Simp~ sons best castomarg lately. He has a0 reason for being etraid of the Aever--he has ir, Mr, Humphrey Hughes is slowly #ecovering from a serious illness § [N It is aqusstion of cont nna; stan- ding among the people of Metcalfe As to whather Harry Latimer res- ides naar this town or in Ottawa, Rev. TP. Shaver was repre- sentative of the Meatealfe Agricult. sural Sociaty at the annual conven~ tion of Agricultural Societies at "Toronto, Fred Whiteside and Ed, McRos* die often run races on the tenth tine. Fred fnlls in behind. settles down in his coat sighs "Let him £0 Barney, batter late than never, Our linemad has been indisposed dately, The vetdeclares heisthreat~ <ned with bronchial pneumonia, Miiten Craig has been home drom Kemnotville for nearly a week with grip but so fay he has won- slerfully escaped the pink-eye. Carman Blair is almost tempted Donald Dow is b hauling logs to Carkner Bros. Miss Jean Park s her home here, ¥ Some of the flappers in the val- ley should learn that agecomes be- The Mayor seems more content- ed and says he will vote for Stew- art and Dow nextyeay. Our Reeve Mr. Jas. Jhckson is appeiuted to look after the gravelling of the road south of Stewart's cosuer. Mr. and Mrs. S, A, Park enter- tained a number of friends from Ormoad one night last week. and all report a very enjoyable time. Osgoode road Commissioner Passed through the Valley on Mon. Mr, Dan Hill has sold the grav-| el to the council for the road in the The young man from Osgoode Station complained badly of the cold drive on Sunday. We believe he is getting tired of living aloue. Lady Asquith called on' Miss Prim on Friday ef last week. Mr.[B. D, Macnab visited Ken~ more on Saturday but didn't meet whom he Intended to. usily engaged pent Sunday at 2) Raisins, 1922 crop, Seeded or Sendless I50z. packages IN *vertessrenrsense Currants, Finest Sloe vy Ta S006. 2 Flag ray rie st veers. 200, Mixed Candles. ol, 0d 0h iii a i830 A Beautiful display of Christmas Presents, £0 stact to school again at Met- <alfe. We question whether either #is eyes or his mind would be on the work, School balls at Mstcalfe fill some young men with a peculiar thrill wjuite unkown to tha schoolboy. -- TTT men. - ECHO VALLEY BA -- | A aumber from the valley artend od the sale at Metcalfe on Friday. Gain 00) @We learn with regret of the death of Maria MacLean of Osgoode Statien, We extend our sympathy #0 the bzreaved. da ly rps: a ro Mr. Mbses Rushford is now in #he employ of Mr. Donald Paik, "Messrs, Jas. Jackson and Jas. | ' aston are about to join tee Kan x Club. They seem to feel as young as they used to be, Mrs. Sam McCormick is spends dmg the winter with her daughtee, 'Mrs, Hartio of North Russell, Mr, S A Park is g.avoHisg his] Base Stewart should not com}| _@lain now ha) 7. SOE) Mutual Life Over Three OLICYHOLDERS in the My al Life Acsur- c= ance Company of Canada have every reason for congratulation as a result of the remark- able showing in all departments of the Company's business last year. The fifty-third annual report, presented on February Ist at the Annual Meeting to the policy=- holders of the Company, who alone constitute the Company, shows that in each of the three financial ly important divisions of the business, namely, death claims, expenses incurred and the rate of interest earned on invested funds, the Company had an unusually favorable experience, the com- bination resulting in a wonderfully prosperous year, as shown by the Record Surplus Earnings of : $3,040,273,98 This is equivalent to $56.72 for every $1,000 of total assets held at the end of the year, an unparalleled achievement in the history of the Company, 14% Decrease in Operating Expenses In harmony with the spirit of the times the affairs of the Company were conducted with a due regard for economy. While the buSiness was expanded to the extent of over $34,000,000 of new assurances written, the ratio of expense to income was reduced from 18.60% to 15.96%. Increased Interest Rate on Investments Owing to the favorable opportunities for investment prevailing during the past few years, the average rate of interest earned on the Company's invested funds has been steadily rising. This condition continued during the year 1922, when the average rate of interest earned over the entire investments increased from 6.60% to 6.74%. Increased Distribution to Policyholders The steadily increasing factor in the economic life' of our country, which the institution is becoming, and the magnitude of the great pith illustration in the following facts: . t. During the past year the Company distri- buted in cash among policyholders and their benefictaries the sum of $5,289,441.21, being an increase over the previous year of of $1,320,164.20, 2. The . amount of money invested by the Company in Canadian securities, all workihg for the general good and the up-building of Candda, is over $50,000,000. 3. The Company stands pledged to distribute to citizens of this country and Newfoundland, where it also does business, the large sum of $246,486,654, Yhen existing policy cbn- tracts mature. : This Bore will bs op oii Every Night ec " ing Monday 18th until Christm Get Your {mas Goods 'AT SAVING PRICES Fresh Frozen Salmon, Herrings, Fillets, Pike, Halibut Choice i I ee at | Apples, No. 1 Spies, Greenings, Russets, Spifz, in bushel baskets... ..........§2.2§ - Come and seé the womderfu] stock C.F. McARTHUR Co. Limited \ ommene- as : lic service it performs find © anada Rolls Up Million Dollars Surplus Earnings Company has record-breaking year The Strength of Canada's Only Mutual Life Company After providing for all liabilities iff accordance with Government nequires ments oir a stronger reserve basis than called for bg the Statutes, and setting aside a spe#ial investment reserve of . $614,776.34, there remains a General Surplus Fund of $6,603,718.60 which has been assigned as follows: -- 1. Provision for dividends under de- to 1911 $3,545,408.89 2 "Provision for interim dividends undeg quinquennial policies $342,773.33 3. Provision for dividends payable in 1928 : $2,000,000.00 4. Provision / for mortality fluctuation and other contingencies. $715,536.38 Total $6,603,718.60 ferred dividend polities issued prior 705 Ti WATERLOO ~-- LIFE CANADA _ONTART bT 1 alin RI Ev PIV Sh Wal, EE. li