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_ _~Tife Assurance Company over fifty years ago, F' "its record has been one which its policyholders _ can view with justifiable pride.â€" The results of _ _‘the year have again enhanced its high prestige __ and standing, in fact the past twelve months _ have been well termed "A Wonder Year for * Mutualists". ~| MUTUAL LIFE OF CANADA ENJOYS j o AAtrmon wld mis pConts, and Lnus assures to The excellent nature of the year‘s reports the policyholders a more generous distriâ€" despite the fact that business conditions during bution." the year did not encourage the taking out The Board of Directors and those associâ€" of large policies which naturally reduced the ated with them in the direction of the Comâ€" volume of reinsurance which the companies ‘pany‘s affairs are deserving of the highest had to offer, will be a source of keen satisâ€" eommendation on the fine accomplishments of faction to the shareholders of the company. the year, which have added further lustre to The year‘s results indicate that its affairs conâ€" the fair name of The Mutual Life of Canada. _ tinue to be capably administered. The impregnable financial situation of the Company is well indicated in accumulated asâ€" sets of $65,960,767, an increase over the preâ€" vious year of $6,233,378. The Mutual Life of Cansada has an unbroken record of developâ€" ment during its 55 years of existence. The principle of Mutualityâ€"whereby the profitâ€" participating policyholders receive back the entire net profitsâ€"has been abundantly justiâ€" fied. As remarked by the President: "The reâ€" sults of the year 1924 are sufficient to point the moral that coâ€"operation, scientifically emâ€" ployed as it is in our case, eliminates the middleman and his profits, and thus assures to the policyholders a more generous distriâ€" bution." ‘The expansion of the Company‘s business has been healthy and progressive. The 1924 increase in new policies issued was $4,283,179, or 11% more than in 1923. The business in force now amounts to $295,729,866 on 135,285 policies, compared with $269,982,566 at the end tors‘ farâ€"sighted policy in investing funds was again strikingly justified in 1924. . The 55th Annual Statement which appears in this issue cannot fail to prove a source of deep satisfaction to its policyâ€" holders. By every test, this pioneer Canadian mutual life company has made record progress during the past year. In every phase of its business, the growth has been more than satisfactory. Another record was broken in the matter ; of low mortality, The ratio of actual to exâ€" pected~ death claims ~was only â€"86.01%, as against 39.26%% in the year previous. Very careful consideration of risks by the Comâ€" pany‘s officers in the field is indicated by the extraordinarily light death claims made in 1924. The policyholders benefit in the increased surplus thus made possible. __ _A third source of the increased surplus earned for policyholders was the high average interest yield on invested assetsâ€"6.41%. This gratifying average was achieved in the face of a downward trend in interest rates and is notable in view of the amount invested in high class bonds in which so large a part of The Mutual Life‘s assets is invested. The Direc By practically halfâ€"aâ€"million dollars, the previous high record of surplus earnings was surpassed, the 1924 total being $3,500,258. This remarkable achievement made possible the distribution to policyholders of $579,962.33 more than was paid out in 1923. A total of $2,689,007.99 was paid out in dividends in 1924â€"a return to the policyholders of approxiâ€" mately 25% of the total premiums received by the company. ‘Three of the factors contributing to the income over disbursements $511,109.84. | exceptionally high surplus earned for the! During the year the balance of the policyholders were economy in administration, Authorized capital stock of the company was remarkably favorable mortality and high inâ€"|issued in order to allow for a more rapid éxâ€" terest rate on invested assets. The percentage pansion of the company‘s business, The of income required to cover general expenses Ontario Equitable now has some 1,700 shareâ€" of administration was reduced from the preâ€" holders scattered throughout the length and vious best showing of 16.15% in 1923 to:breadth of the Dominion which will naturally 15.52% in 1924. This reduction was accomâ€"‘ tend to increase the sphere of influence of this plished despite the fact that the new policies‘ rapidly growing company. =â€"â€" issued in 1924 exceeded the, 1923 total by over| _ In the light of the highly encouraging reâ€" 414 millions of dollars. j ports of the year and the outstanding achieveâ€" . _ M apyuArtisine aaros * : â€" _ @n aeppllustion. Advertiwing copy must reach the effice nut tuter than Monday neon to {noure imssrtion, As pointed out by the General Manager in increase in polfcy reserves of over $330,000. his address, during the lifetime of The MutuallFavomble comment was made on the Life of Canada, $15,963,134.22 has been paid fact that the invested assets were in the very in dividends to policyliolders, and, of' -fiu;hig-hest_typé o_f‘ ;;H&ui';,'iixe average rate of amount, $12,870,044.28 was distributed during‘interest earned reaching thes satisfactory the last 10 years. It is clearly evident from figure of 5.97%. * these figures that the aim of the companyâ€" to furnish maximum protection at a minimum costâ€"is being splendidly realized. â€"a net increase of $25,747,300 last the ‘~ paer yoeur. .....»+. . ORA abli receive back the During the year reinsurance polic¢ies were abundantly justiâ€" jssyed to other companies for & total of resident: ‘‘The reâ€" g1,188,318, bringing the total insurance in sufficient to point force to $38,255,882. The income for the year t of The Mutual e w & y MA s Aph + 4 or the‘ During the year the balance of the tration,‘ authorized capital stock of the company was igh inâ€"!issued in order to allow for a more rapid éxâ€" centagepansion of the company‘s business, The xpenses Ontario Equitable now has some 1,700 shareâ€" he preâ€" holders scattered throughout the length and 923 to:breadth of the Dominion which will naturally accomâ€"| tend to increase the sphere of influence of this policiesf rapidly growing company. ’ years in which it has been operating is, we we he| believe, unprecedented and without paraliel in ‘Tayke m | the history of Canadian Life Insurance COmâ€"| 5q 4; Iports of the year and the outstanding achieveâ€" ; ments of the company during the short period amounted to $81,158.84 and the disbursements were $58,792.58, The investments of the company are high grade and consist almost entirely of governâ€" ment and municipal bonds on which the averâ€" age rate of interest earmed for the year was 6.14 per cent.. The gross Surplus security to policyholders is $240,023.11 and the net surplus over all liaâ€" bilitics and paidâ€"up capital is $115,923.11, being an increase for the year of $7,621.18. The company‘s total assets now amount to $292,â€" 717.50. The earnings for the year and the excellent position of the company enabled it to pay a dividend to the shareholders for the year 1924 of 6% , the company at the same time showing an increase in its «surplus on the year‘s operations. 2 % company, the figures presented spelling further advancement and a material strengthening of the company‘s position, which, as the reports disclose, is eminently sound. It is interesting to note that The Ontario Equitable is the principal Canadian company that confines its panies during the first few years of their| ans Gladys, e 4 . yea and Gladys, 0 A Eniatenct." This Ans result moregren, has bean| »oon t on ts ts se mes m.w.h“m.g.m“ma when they tound themselves beaten Lasi b"u.. _Illl wmmm.m.muum thuw y b.m_hwhhmtvf::mm' a Sha I t o in > ty:i:n?mut enta;‘m-h:’commh securâ€" mmtor‘mmnm".u:ou}m.: 'h.ikiulm_ ual ume bu.dn-., all â€"the| was haud mear the bedroom door. of years in which it has been operating, it is not surprising that President S. C. Tweed and those associated with him in the management of the company, should have been highly comâ€" plimented by the policyholders present at the annual meeting on the eminently satisfactory results attained and the general high standing of the company. e With a large and satisfactory surplus which was further increased as a result of the year‘s operations, The Reinsurance Company of Canada finds itself at the outset of another year, in a strong and encouraging position. An outstanding feature of the annual reâ€" port was the very material advance shown in the assets of the company, which have now reached the splendid total of $2,037,894.96, the increase for the year being $606,189.78. The gross surplus security to policyholders is $390,â€" 110.75. The reports also show a capital and surpins of $390,111 above the policy reserves of $1,879,915 and other liabilities As a result of the year‘s operations there was a further increase in policy reserves of over $330,000. The company had a total income for the year of $961,849.62 while the total disâ€" bursements were $450,736.78 and the excess of income over disbursements $511,109.84. R business entirely to Guaranteed Low Cost Inâ€" surance, the increasing popularity of this form of insurance being attested by the rapid growth of its business. . ‘The encouraging reports submitted at the fifth annual meeting of the company, held at its head office on Monday, could not fail to | SUBSTANTIAL PROGRESS MADE BY | REINSURANCE COMPANY r, held .â€"*_ GALT ARE ANTIUNION| mate of the value of the property f . | _ It was announced February 2nd.| was made, but the. probate judge fail t0| inat \ st. Androw‘s ~ Presbyterian| fixed a $1,000,000 bond for the exeâ€" yOoung| Church had. voted against entering| cutors, Chorea, or as it is more generally known, St. Vitus dance, is a trouble that usually atacks young children, though older people may be afflicted with it. Its most common symptoms are a twitching of the muscles of the face and limbs. As the disease progresses the twitching takes the form of spasms in which the jerk ing motion tmmay be confined to the head, or all the limbs may be affectâ€" ed. Frequently the patient is unable to hold anything in his hands or to walk steadily. In severe cases the speeh if often affected. The disease is due to debility of the nerves and relief comes through an enriched blood supply, which feeds and strengthens the nerves. Dr. W!l-] lfams‘ Pink PHis have been most successful in reaching this trouble through their specific action on the blood, which it enriches and puriâ€" fies. ‘The following instance w‘ll show what Dr. Williams‘ Pink Pils can do in this trouble, Mrs. 8. E. Makins Parry Harbour, Ont., says: "As a young girl I was badly strick en with St. Vitus dance. My parents tried several medicines but without avail. 1 was steadily growing worse and could scarcely walk without falling. 1 had to quit school and had no control over my nerves or ac tions. Finally a neighbor advised the use of Dr. Williams‘ Pink Pilis, and the use of these for a couple of months restored me, and 1 have had no attack of the trowble since. I hove, towever, taken the pills at different times since, when 1 felt ont ‘bf sorts, and find them all you claim for them if given a Afalr You can get Dr. Williams‘ Pink Pills through any dealer in medicine The br. Willtams‘ Medicine Co, or by mail at 50 cents a box from Shows Through a Twitching of the Muscles of Face and Moved by I. C. Hallman seconded by C. T. Groh that Byâ€"Law 1f4A to provide for the appointment of a local board of health be read a first and second time. Carried. WATERLOO TP. â€"COUNCIL MEETS Moved by Allen Shoemaker and seconded by I. C. Hallman thit byâ€" law No. 173A to provide for the appointment of auditors be read a first and second time. Carried. Moved by C. T. Groh seconded by Geo. W. Latsch that Byâ€"Law 173A into the United Church of â€"Canada, wwwz ; The voting concluded Feb. 2nd and| maNITOBA‘8 BUDGET ‘ stood 114 against union and 40 for DiSCLOSES DEFiCIT union. There were 210 entitled to Manitoba‘s Budget was ‘brought vote. Of . the four Presbyterian|down Feb 2nd, in the Legislature Churches in the city, three, KNO®,| by Preimier Bracken, Provincial Central â€" and St. Andrew‘s ~voted Treasurer, estimating â€"expenditure against union. First being the only| for 1925â€"26 as $10,463,904; deficit, one to favor it. #144 50404 For tha Aluhi‘ mantha It is announced that the unionists of noncurring churches in the city, who number more than 500, have signed a declaration pledging to atâ€" tend other churches in sympathy with union. The first session of the Waterloo Township Council for 1925. The council met at the Township Hall Monday, January 12th, at 11 o‘clock, a.m. pursuant to Staute> The following named persons subscribed to the necessary declara~ tion of office: Reeve, Simon Kinsie, ist Deputy Reeve, Alien Shoeâ€" ‘maker, 2nd Deputy Reeve, Irvin C. Halliman, Councillors, C. T. Groh and Geo. W. Latsch. The reeve took the chair and the minutes of the previous session were read and approved. THREE CHURCHES IN â€" GALT ARE ANTLUNION 100 GIRLS.TRAPPED ON TOP * OF ‘BUILDING BY FIRE One hundred girls trapped on the top floor of the fiveâ€"storey building at 618â€"20 Fifth Avenue, New York, by a fire which originated in the basement of Dobb‘ Specialty Shop on the ground floor, Feb 3rd, were carried or assisted from windows considered Communications were read and ST. VITUS DANCE Douglas, aged 2. ; months. l \ .GROUP OF EMPLOYEES left by John ~. Khstman, who died last week, to a group of employees, the ~vponing â€"of~tho â€"will disclosod. chener to meet current Moved by C. T. Groh seconded by I. C. Hallman that Byâ€"Law No. 174A as now filled in with the names of Reeve S. Kinsie, Josizh Stauffer and J. Scott Hogg as medical officer toâ€" gether with Dr. A. 8. Henhoeffer as sanitary inspector and the townshin clerk as secretary be read a third time and finally passed. Carried. Moved by C. T. Groh seconded by I. C. Hallman that Byâ€"Law No. 175A to authorize the reeve and the treasâ€" urer to borrow the sum of $70,000 from the Bank of Montreal at Kit as now filled in with the names of J. B. Pomeroy and Menno S. Suyder be read a third time and passed. Carried. Waterloo Township for the year 1925 A.D. be read a first and second time. â€" Passed:â€"â€" C for 1925â€"26 as $10,463,904; deficit, $144,508.04. For the eight months ending April 30, 1925, he estimated an expenditure of $7,283,179.11; reâ€" venue, $7,115,350,50; book deficit, $167,828.61. for children from $300 to $500 each, and providing for exemption for deâ€" pendents. A further reduction of the supplementary revenue tax is expected, of $40,000 or $50,000. in forecast in the gasoline tax, to three cents per gallon, less certain exemptions. A reduction is also proposed in the automobile tax, but an increase LEAVES8 NEWBPAPER To r were unable to help themselv hen the firemen reached ‘them. On income tax, the Premier outâ€" Dopse Brothers expenses The interior is roomy, comfortable and inviting. . The lacquer finish is exceedingly attractive in Dodge Brothers blue with gold body stripe. Five balloon tires, front and rear bumpers and a motometer are some of the more important items of the well selected special equipment. The chassis is the same on which Dodge Brothers have concentrated all their experiâ€" ence and resources for a decade. Comfortâ€" able riding qualities and dependable perâ€" formance are therefore obvious attributes, Dodge Brothers Special Coach measures up in every detail to the high standards of its builders. / Low, graceful and sturdy, it looks and perâ€" forms the part of a true aristocrat. f C O A C Jos. May, gravel ..... Adam Ruppel gravel . Lioyd Erb, gravel .... Valentine Rohr, gravel Moved by Allen 8. Shoemaker secâ€" ; onded by Irvin C. Hallman that the following accounts be paid: | H. Wolfhard & Co., ballot box $ 4.10 Moved by C. T. Groh seconded by Geo. W. Latsch that leave be given the mover to introduce a byTlaw at the next session of the council to provide for the appointment of asâ€" sessors, â€" collector, fence viewers, herd inspectors, pound keepers, sheep valuators, school attendance officer, township printing and townâ€" ship solicitor for 1925. Carried . Mrs. August Putzer, refund dog tax ... Wm. . Gilmore, Moved. by Geo. W. Latsch secondâ€" ed by A. Shoemaker that ByIaw No. 175A be read a third time and Moved by C. T. Groh seconded by Geo. W, Latsch that Wm. Carey be reâ€"appointed caretaker for the townâ€" ship hall for 1925 at a salary of Moved by I. C. Hallman seconded by C. T. Groh that a grant of $2%5. be made to the Hospital for Sick Children at Toronto.â€" Carried. K Moved by I. C. Hallman seconded by C. T. Groh that the clerk send the usual subscription to the Muniâ€" cipal World for the ‘Township officials. Carried. . DIETRICH‘S GARAGE Waterioo, Ont. sRPeECiIALl :l;;;halmamm,fi’ Capital $5,000,000 Reserves $7000,000 WATERLOO of 6.00 2.00 Fred Fehrenbach ............ 489 » _â€" John Fehrenbach ,........... 460 Mrs. Jacob Ertel ............ 1230 _ Election expenses ..........194.00 ~ Moved by A. S. Shoemaker secâ€" . & onded by C. T. Grob, that this coun ° ~ cil now adjourn to meet again on . â€"â€" Saturday, Jan, 31, 19%5, at the «_ Township Hall at 10.30 am. o f Geo. Gole, graÂ¥el...,......»>» John Habermehi, iabor .....,. P. A. Snider, bal, due for reâ€" gistering births, deaths and wt l use Don‘t take the chance of getting pneumonia. Check that cold now~ with Minard‘s.. Take half a tea» spoon internally in molasses and rub Minard‘s on throat and chest. Quick relief. (North Ward) Sore, Throat :. Tp. Clerk. *3