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Canada Life Assurance Co. Enters Eighty-Sixth Year In Strong Position Safety and stability aro first and foremost, tho keyuoto uf our tradition- (I poMcy," LflghtoM McCartby, I're- ildent of the Canada Ltfo Assurance Company, stated at the Company's I6ti? Annual meeting recently. U reviewing tho Canada Life's se- cure flnani'ial position, Mr. McCarthy described the Hulanco Shoet as "a »ery strong one." In this, total assets â- re shown as $216,a8(j,2-l6.26, an in crease of 112,110.226.77. During the ywir the Company's already large pro- portion of government, government i^uv.'anteed and municipal bonds was Increased by J H, 995, 113 to a total of t&6,369,177.8i>. lu common with the *xpwlonce of other companies, de- mauds for policy loans and cash sur- render values were heavy. In this connection Mr. McCarthy said, "All demands have been taken caro of from the ample resources at our dis- posal, and we have not sold a security to provide fuuds for our disburse- ments." Surplus funds and special reserves of the Canad.-i Life are $8,237,758 59 after writing down securities by $S4G,- 061.06. Reserves for special con- tingencies have been increased to two million dollars. New business placed on the com- pany's boohs during the year amount- ed to over $S0.500,000. This Is not as high as tho volume of new paidfor business In some previous years, but being made in a poriod when (Inaucial conditions wor-' badly disturbed, the total was described by Mr. McCarthy as "a tribute to the welldlroctcd ef- forts of our associates in the field." Annuities Increase Tho sale of annuities increased by over $2,000,000 and amounted to $7,- 780,298. Total business In force •mounted to $926,389,982, which Is ap- proximately three times the amount in force only ten years ago. Total income from all sources amounted to over 50 million dollars. About $80,000 per day, or a total of over 29 million dollars for the year, was paid oiit in death claims, matured endowments, divjdcnd.s, annuities and cash values for surrendered policies. The interjection of this 29 million together with similar distributions made In 1931 of 25 million, and in 1930 at 23 million, making a total of 77 mil- lion, into tho daily activitlet of the general public, in addition to the flow of funds into polii-y loans and invost- mcntH, is the Company's .share of OVi billlooB of dollars which life insur- ance contributed during the three years uf depression to tho ability of Individuals ou the American continent to survive the ordeal of these difllcult times. Defining life Insurance as a "co- operative association of Individuals," .Mr. McCarthy declared It to be "a great social asset and the nation Is benefited by Its wider spread." General Manager's Address One of the main features of the ad- dre«s of A. N. Mitchell, General Man- ager, bad to do with policy loans. "Experience has demonstrated," Mr. Mitchell said, "that a policy with a full value borrowed is In a much weaker position than one with a mar- gin of value left." Policyholders had recognised this and dirlng the year had repaid over $2,100,000 ou policy loans. "No man who has a loan upon his policy can afford to leglect making re- payment of that loan," it was stated, "when he realizes that such a repay- ment is an absolutely sure Investment at 6%. Moreover, the rehabilitation of the equity of his inllcy again places hlra in readiness for any similar emer- gency in tho future. "In the Company's own direct writ- ten business, excluding reinsurances and Group, the reduction of business in force has been approximately 2Vi%. Fortunately this reduction in business in force has been accompanied by a very favorable reduction In expense ratio, whether based on total Income â- ji- on net premium income. This and other factors have resulted In earn- ings from tho year's operations $6,- 964,739.32, while the assets were in- creased by $12,110,220.77." The total result of the combined operations for new insurance and an- nuities !s that tho total net premium income for the year was slightly over 37 million dollars, as compared with somewhat over 38 million dollars In 1931. "These figures," Mr. Mitchell stated, "Probably give a truer picture of the Agency results than a com- parison of the sums as.sured and an- nuity considerations." An Increase of 575,000 pounds sterl- ing over the business of 1931 waj, an- nounced for tlie nritish Isles Division â€"the totals being 3,460,000 pounds sterling in life assurances and 1,175,- 000 pounds sterling in annuities. This increase meant 440 more cases than in the previous year. ' Gems of Peril Bu HAZEL ROSS HAILEY. 1 SYNOPSIS. Mniy IlaiknesM plotii to ensnare The Kly, whom Hhe belleveH "'frurneU" her bfKiher, (Mdle, with th« murder of olil MrH. Juijlter, and luter ran Kddie down iirid killed hlin. .She In aided by Howen reporter of The .Star. Bruce Jupiter, lonir absent, returnn from E:uro;>o wlln a woman friend, the Countesa LoulHe. Bruce vows to rout Maiy. whom he ihinliF Im a Bold-dlRKer. !')/k riuyther, Mary'H fanoe. forbids her to see Rowen or conti;iue *he Inven- tlKctlon. He Bays If she goeH t-i Miami on the Jupiter yaiht he will believe Hrui-e'H charRes. .Mary goes t^etaiise The Fly Is at HIaleah when his horse runs. .Mary Is Introduced to Count De I-imia. who Is listed as owner of The Fly's toiHe, She sees De I.oma and Countesi? Louise in se<-ret conversation. Howen overhears Ilruoe and I.uulse • lUarrellnB because she <annot explain where she got a diamond bracelet. Postoffice 2 Ft. by 3 Called Smallest in U.S. U^.rnsvillo, N.C. â€" I'ostmastor C. L. Brown here is saving what he terms the smalle;;t postoffice in the United States. It was Yancey County's first postoffice and was built In 1863. It is about two by three feet, built in the form of a desk with sides, behind which the postmaster sat. Vigeonholes are planed along the tup and sides where mail was stored, and letters were delivered through a small drop-leaf door in the front. The post- office was built under the direction of J. Li. Hyatt, who was appointed the first Confederate postmaster. The appointment was made by Jefferson Davis, President of tht> Confederacy. Bogus First Used in 1827 The purely American word bogus is said to have first appeared In print in "The Palnesville (Ohio) Telegraph" of July 6, 1827 It was used by the newspaper as the name of a machine used in turning out counterfeit coins. â€"Gas Logic. Coal, either in liquid or powdered form, has been tried successfully as a plant fertilizer by (ierman experts. It is said to be e-spt'cially beneficial for orchids. CHAPTER XXXIV. Mary dropped the Countess' arm, on which the bracelet blitt4?red, and went wonderinply to the door. Bruce stood outside. He seemed surprised to ."we Louise, but came in at Mary'.? invitation, stopping just within the door. His indifference, reported by Bow- en, was a rhask, Mary saw with a twinpc of pity. Little liking as she had for the \%-ilfull, selfish young man, she could not help a feeling of shame for her sex at .seeing him made to suffer .so at the hands of a woman of Loui.se's sort. He came forward with head lower- ed, eyes searching the faces of the two women. "I wish to ask some questions," he said deliberately. "Louise tells me you are in need of money?" He looked at Marj- as he spoke. Loui.so started to ri.se, but he mo- tioned her back. "Sit down! You have told me two stories. Now I'm going to find out which is correct." Then to Mai7: "Well?" "I was, but I'm not nov/," Mary said. "But why? How does that concern you?" "Never mind. Is that your brace- let?" He pointed. Mary di i iiot even turn her head to look. Bruce stared at her, then at tiie faintly defiant, triumphant Louise. Without wa.sting a glance at her, Mary adv.'inced on Bruce, taking ad- vantage of his momentary confusion. It wa.s not the answer he had expect- ed. That was clear. "Why are you intci-estc*! in my affairs suddenly?" she a.sked. "Really, I should have thought yoi would He glad to hear of my financial embar- rassment!" "You really didâ€" borrow from Louise?" he asked stupidly. "Why shouldn't I?" Mary cried in an exa.sperated tone. "She had luck yesterday. I hadn't. If .she is willing to share with nio â€" " Bruce stare<l â€" then laughed. The tension that had held him taut as a spring when he came in wa.s broken by that laugh. Something indefinably threatening wont out of the air. â- 'You women!" he .said. "You beat me. I would have l)elieved anyone ROYAL YEAST CAKES the best diy yeast for home baking . Try this Ea8y>to-Make Recipe for FORM CAKE Cr«am <4 cup auitar «lth \i cup butter. Add to 1 beaten rOaand beat until \iiht. .\d<l I cup lukewarm milk. Stir well. Add 1 cup Royal Yeast •Sponite*, }4 cup citron, (4 cup raftlni, 14 cup chopped ulnionda, '4 teanpoun salt, anil enouah flour to make •oft dnuith (about 4 cupa). Knead welt. Cover and aet aatdc In warm place free from draufthta to rise until double In bulk (about l\-, hours). Knead down and place in well-Arresed tube pan. Bruah lop with eitft and bnkc lu moderate oven about 45 min . ROYAL YEAST SPONGE S<iak I Royal Yeaat (Uike In hulk. In warm M.^IJE-IN- CANADA GOOUS !i pint lukewarm water for 15 minutes. I>ls«iUe I lable- apoon auitar In ), pint milk. Add to dissolved yeast cake- Add 1 quart br«ad Hour. Beat thoroughly. Cover and let riaa oTcrnlftht to double In place free front drauuhts. >1akes .S to b cupa of batter IIOVAI. VlAST CAKE.S have been th« â- 1^ standard for over 5« years. Keep a supply on hand to use when you bake •t home. Scaled In air- tight waied paper they keep fresh for months. And get your copy of the Royal Yeast Bake Book contain- ing ii practical, tested recipes for delicious breads, .\ddrrss Standard Brandsl.td., Eraser Ave.Ai â- â™¦^l;r•y .St.,roronto. Ont. I who told mo you'<l sprung at each other's throats, but that you'd actu- ally help each other out â€" " He pau.sed â€" quick su.spicion in his eye.s. Mary and the Countess cx- changcil a slow look which they were careful to keep a.s o.xpressionless ns possible. "Wait a minute," Bruce -iaid. "Per hap.s I've swallowed this a little too readily. Perhaps you have hi'd time to ai-range this before you canve in. Miss Harkness is merely backing up your story when the truth Ik-- quite different, perhaps." "That's enough!" Mary answered, angrily. "I>eave my room, please!" "Presently- but firstâ€" if that is Miss Harkness' bracelet, give it to her!" Ix>ui.se stood up. breathing hard. There was veiled appeal in the look she threw at Mary. Mary held out her hand, smiling wryly, a.s if to say, "Oh, humoi- him. What doe.s it mat- ter?" Hftgally, the Omntess slippe<l off the diamond circlet and laid it in the girl's hand. "Rut naturally," she said calmly, giving her a friendly smile. "1 trust you." Bruce hesitated, obviou.sly imauro of him.self. Mary w<is too quietly ex- iiltant over hor victory to be other than magnanimous. "I'm sorry you have been embar- rasswl," .she sjiid gently. "And I â€" l>eg your pardo^i,'' Bruce replie<l a bit stiffly. Then, evidently oming to the conclusion that he had made rather an ass ivf himself, he fairly bolted from the room. Mary stood still in the middle of the room, hoUhng the bracelet to her breast She was trembling ; the thrill 0(f victory was racing through her veins. First blood I She had tricked Ix)uiee out of the iM>«t important piece of evidence yet ^cured a«rainst The Fly. And The Fly did not know she had it. What ^«B Ae best thing to do with it? JVhere wouM it be safe? There was * small cabinet safe in Mr. Jupiter's fflbln on the "dypty," and it had able guardians. She resolved Lo put it there for .safekeeping at the earlie.<t poesible moment. Eddie's I.O.U., loo. That small piece of paper had its im- |)ortance also. She couldn't go out to the yacht now â€" it lacked less than an hour of dinnertime. At seven the Jupiter party was to meet in the lobby of the roof dining-room. The Fly had prom- ised to be there, too. Alt.hough she dreaded the encounter, it was just what she had hoped for â€" an oppor- tunity to disarm the man's suspicions, if he had any (apparently his colossal conceit did not permit him to fear de- tection). And since shi had come off so well last night she had thought of an even more dangerous experiment which she meant to try without Mr. Jupiter's knowledge, for she was sure he would never consent She would wear the rubies tonight! By dangling them under the very nose of The Fly she was sure he would never rest until he had got hold of them. By sharpen- ing his appetite she might succeed in hurrying himinto an attempt to make off with them. And, if Bates ii.nd tLe, others would help her, lead him straight into a trap. She went to her dressing table and put the bracelet in her handbag, where the I.O.U. already was hidden. With the bag tucked under her arm she went into the hall. Louise, of course, was relying on h-.r to return the bracelet when Bruce's eyes were turned the other way. She must have been surprised 1 at Mary's unexpected support of herj lie. I Louist would have to account to De Lonia sooner or later for tht brace- let's loss. If she were angry enough she might set him to get it back for her secretly.. Mary knew she must act quickly if the bracelet were to be fvt bej'ond De Loma's reach. She re- solved to go downstairs at once and put the two objects in the hotel safe until she could take them out to the yacht Bates was coming down the cor- ridor as she stopped into the hall. "Hello," she greeted him cheerfully. "Where have you been?" "Here and there. Come along and I'll tell you about it." They found Mr. Jupiter in his room. "Come in, come in. What's up?" Bates mopped his grimy counten- ance. "Following a crazy man," he answered bitterly. "Here, have a drink," Jupiter offered. "When you turned back this morn- ing, boss, I saw your son and the lady \.'ere fixing to lose me, too. So I let on I wante<l to have a look at the town. They put me down on the pub- lic square and went on down to the beach where the 'Shore Dinner' sign pointed. "I sat down on the court house lawn for a minute to cool off. I guess 1 kinda dozed off, with my hat shad- ing my ej-es, but pretty soon I saw cut of the tail of my eye a n.an stand- ing a few feet away, staring up at the court house steeple. It was De Lcina. And staring like he'd never seen a building before! Well, that's a fa-nous old court house, but .t wasn't that kind of a stare. You know what I mean? He looked all greeny around the gills, like he was fascinated by it I never saw just the same look on a man's face in my life. No, sir, I never! "1 lat up and watched him. And then, just as he was crossivg the middle of the street, down the road driving hell-bent for election like he always does, came your chauffeur, Tom, in that big l^orimor car. De Loma jumped back quick, but at that Tom had to swei'S'e way out to keep from hitting him. Made Tom hopping mad. He yelled at him and says, 'Why don't you do your sleeping in be<i?' and De Ix>ma yelle<i something backâ€" I didn't catch what. And he just slood there, shaking all over. -And he was green in the face that timeâ€" his head all but popping out of his head. "He looke<l at the license plate, and when he saw the numl)er he ju.st ORANGE PEKOE BLEND "SALAM "Fresh from the Gardens stood and gaped. A native was stand- g by the curb, and he asks him, 'Whose car is that?' like the native o. ght to know, and if he didn't tell he'd s'liake it out of him. But the guy just shook his Lead. De. Loma went into a drug storj juick and I went in the barbershop next door and watched till he cane out. "I went in tho drug store and asked the .soda-fountain boy about him â€" if he did any telephoning and .so on. But the boy said no, all he asked for was a bromo seltzer, double strength. But a funny thing had happene<i, he sai i. "There was a big clean space on the wall up beside the fly-specked mir- ror where some kind of picture must have hung very recently. The nail was still there. 'He pulled that pic- ture down and tore it up in a thou- sand pieces,' the boy told me.' Bates paused thoughtfully and put a hand in the baggy pocket of his linen coat. "I asked the boy who it was, but he didn't know. He was just a youn-.^ punk, the clerk. But he told me I could look in the back room where he'd thrown the pieces and mayb? 1 could put them together again." Out of the pocket Bates now lifted a newspaper parcel. Inside were hundreds of small bits of cardboard, the torn fragments of the picture De Loma had demolished. Bates bal- anced the odd package on his open palm. Mary and Mr. Jupiter staretl at the heap, fascinated. "Who could it be?" Mary whis- pered. "That," said Hem-y Bates, carefully folding his parcel together again, "is what I am going to spend the next couple of hours finding out." (To be continued.) A. N. MITCHELL General .Manager and a director ot th Canada Life jVssurance Company, wht at the annual meeting, gave details 01 the company's progress in 1932. , A Timely Hint Most newspaper publisliers will aP predate this from the Acton Fre< Press: "If the amount ot advertis Ing contracts were one-third th> number of requests for free publicitj that newspapers receive these dayi through the mails it would be con ceded that the "corner had beei turned." The wastepaper basket is the mos. overworked article around the ol flee.â€" Othawa Times. Paints Way Around World A Swiss painter, Emile Amiguet, has arrived in Paris from Istanbul and will shortly open an exhibition of his work which was performed in an original way. He journeyed from Calcutta, through India. Anatolia, the Balkans and Central Europe, painting as he went. In the large cities ho painted portraits ot the notables, sold them, and thus procured means to pursue his journey toward the City of Light. Ot some of the portraits he made replicas; thus he will show his con- ception ot several Indian Princes, of King Feisal of Irak, of King Alexan- dw ot Yugoslavia. In fact, so successful from both a financial and an artistic point ot view has been his pilgrimage that many penurious Parisian artists are contem- plating emulating it. Medieval mins- trels achieved fame and often fortune in the same way, they say, ami today the automobile, with which M. .\migu- et was provided, would be a valuable auxiliary to the enterprise. -J "There is one moratorium I should like to see put into effectâ€" a mora- torium on short-term views."â€" Gab- riel Wells. "To give justice, peace and happi ness to the masses is more difficuH than to give bread."â€" Gugllelmo Fer rero. 'Too many people who were not si seriously affected by the depressioi seem glad to use it as an excuse fOJ not giving as freely as in bette times."â€" Alfred E. SmilL. ISSUE No. 5â€"33 THrovu OFF THat COLD! Some men and women fight coVIs all winter long. Others enjoy the protection of Aspiiin. A tablet in lime, and the first symptoms of a cold get no further. If a cold ha« caught you imawaie, keep oii with Aspirin until the cold is gone. Aspirin can't harm jou. It does not depress the heart. If your throat is sore, dissolve several tablets in water and gargle. You will get instaut wlief. There's danger in a cold that hangs on for days. To say nothing ol the pain and discomfort Aspirin might have »p.ared you! All druggbls; with proven directiona for coldi; headaches, neuralgia, neuritis, rheumalism. ASPIRIIV LEIQHTON McCAR-.HY President ot the Canada Lite .\ssur ance Company, whose address at the cotnpan>'B annual meeting disclosed J another successful year's business. | tHABC-MAKK R>a. IN CANADA