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Waterloo Chronicle (Waterloo, On1868), 19 Feb 1925, p. 2

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effice‘ not later than MonGay nooen to Insure Insortion, I The Dominion Life now has total assurâ€" ances in force of $72,570,683, a splendid gain of nearly $7,000,000 as compared with the previous year, while its total cash income for the year was $3,047,221.18, a substantial inâ€" crease of $397,126.60 over the corresponding income of 1923. * The assets of the company were ‘further increased during the year by $1,617,175.89 and have now reached the substantial amount of ~~$11,003,644.72. The average rate of interest earned on all invested funds reached the high figure of 6.99% which, in view of 37% of the ~ total assets or $4,066,235.90 being in Governâ€" ment securities and other bonds and debenâ€" tures, was a highly satisfactory yield. # o1 * e n o e d uCC a P '*‘I' â€"-'-'â€"'â€"'â€""'"â€"'.â€"'â€""â€"-â€"â€"-!W ce f * The growing favor with which 4 f avussonirrion narus abommm;:nn,d?.:h{l. â€"â€"â€"Theâ€"reports presented at the 36th annual meeting of The Dominion Life Assurance Comâ€" pany held at its head office on Friday, gave every evidence of advancement, in fact the rapid growth of the company has necessitated a large addition to the head office building which is just being completed. The statements submitted to the meeting recorded progress of a most encouraging character and sound healthy growth in all departments of its busiâ€" ‘The complete and effective way in which the entire organization has functioned during the year is convincingly ilustrated in the year‘s results. Growing appreciationâ€"ofâ€"the strong and satisfactory position in which The Dominion Life today finds itself will undoubtâ€" edly be manifested in the increased support accorded to the company in the new year. The policyholders‘ net surplus fund was increased by $208,203.57 after paying diviâ€" dends to policyholders of $220,978.68 and now amounts to $1,289,670.98, while the assurances and annuity reserves amounted to $9,016,880, an increase of $1,180,273. ‘The benefits, including death claims, matured endowments, dividends, etc., paid out during the year to policyholders and beneficiâ€" aries amounted to $869,182.08 and were $169,122.10 in excess of those of the previous year. ‘The Dominion Life experienced the very tavorable mortality rate of 34.5% of that exâ€" pected, indicating a careful selection of risks. Policyholders and shareholders cannot but view the achievements of the year just closed with keen approval since they reveal marked progress and advancement. The Board of Directors and the manageâ€" ment of the Company generally have every reason to be highly gratified with the results of the year‘s operations. _ _ * â€" The company was again called upen to meet heavy fire lo’sses which, for the year, amounted to $39,255.71. One of the largest items was that covering losses from spontaneâ€" ous combustion which amounted to $11,013.77. Losses from lightning have been materially reduced owing to the rodding of a large perâ€" centage of the barns. The coâ€"operation of inâ€" surers is asked by the Company so that losses from other causes may also be materially lessened. It was noted at the mheeting that the New Insurance Act which came into effect on January 1st provides for a three year term of insurance, and a minimum rate of 80 cents per hundred on frame agricuitural buildings and contents. This rate must be charged until the ANRSuIanco, and 3 Dunnnum Iave 0P 30 cCns Wr i hundred on frame agricuitural buildings and :::uoczfl;:dm:;x“znrofwfintl .‘l ncullt;lr:: contents. This rate must be charged until the * * company has a reserve of $2,500 for every the success of the enterprise of coâ€"operative $1,000,000 of insurance, and this reserve must| marketing depended upon the ability of those be maintained. L interested to do "a really big, practical new it will be a matter of satisfaction to its|thing, in a thoroughly practical business way." large number of policyholders to note the conâ€"| The unusual rise in the price of wheat has tinued progress of the Company which indiâ€"| tempted some farmers to sell outside the pool entes careful management and close attention|of which they are members but it is stated Continued progress marked the record of the North Waterloo Farmers‘ Mutual Fire Insurance Company during the past year. At its annual meeting held last week it again reâ€" ported a substantial increase in business, the advance for the year being $2,596,564, bringâ€" ing the total insurance in force to $27,494,117. During the past two years the Company has suffered heavy losses but despite this fact its finances are in a sound condition. DOMINION LIFE ENJOYS ANOTHER YEAR OF SOUND, HEALTHY GROWTH +â€" CONTINUED PROGRESS MARKS | RECORD OF FARMERS‘ MUTUAL _ | FIRE INSURANCE COMPANY | e c A“A‘fl One year, in United States, per your ....... .. $£80 in charge. ‘that few farmers have done so. he New H. W. Wood, president of the United fect on | Farmers of Alberta, at their annual convention term of | the other day, declared frankly that the testing erloo Trust and Savings Company, of Waterloo, is regarded is to be agen in the large increase in the amount of funds which the public is entrusting to its care, an outstanding feature Idthebmiuuofflnmlmmdu increase in Guaranteed Funds, Deposits and Investment Receipts of $508,000, The total of such funds at the end of the year was the large amount of $2,879,206.23. see that they conform with the statutory reâ€" quirements and this provides an additional safeguard. These funds, as is required by the Governâ€" ment in the case of Trust Companies, are care fully safeguarded, first class securities being specially allocated for every dollar invested by the public. Moreover, Trust Companies operate under â€" Governmernt â€"supervision. ~~Inspectors visit the offices and examineâ€"the â€"securities to ‘The progress of the company bears favorâ€" able comparison with other companies doing a similar business in the province, in fact, as was pointed out by one of the speakers at the annual meeting held on Thursday, February 12th, its growth during the past few years has been greater in proportion than any other company of its kind, taking into consideration the conditions under which it started operaâ€" tions in 1913. That the operations of the Company are being successfully carried on is indicated in the net ‘profits of the year which totalled $70,913.07, an increase of $1,906.17, enabling the company to pay a dividend of 6%/4 per cent. for the year and, at the same time, to transfer the substantial amount of $15,000 to the reâ€" serve account, practically two per cent. of the Capital Investment being placed to Reserve each year, besides providing for the Dominion Government Income Tax. The results of the year‘s operations markâ€" ed a material strengthening of the position of The Economical Mutual Fire Insurance Comâ€" pany, which held its annual meeting recently. The financial statement presented showed the large balance over all liabilities of $1,233;300, and a gain on the year‘s business of the subâ€" stantial amount of $73,000. An increasing number took advantage of the Trust and Estates Department of the Comâ€" pany, indicating a growipg desire on the part of th« public for Trust company protection. As was pointed out by the manager, there is reason to believe that in a few years‘ time this departâ€" ment will become the most important feature of the company‘s business. Business men are coming to regard the Trust Company as the logical administrator of estates, the continuous service of the Trust company, the limitation of investments under government inspection and the moderate fees, having resulted in the tremendous growth of Trust company work in this province. The gross amount of fire claims during the year amounted to $123,857.19. Reinsurance collected totalled $25,022.66, making the net amount paid out for losses $§8,834.63 as against $111,126.66 in 1923, a reduction of $12,2902.13 . â€" The progress of the Economical Mutual Fire Insurance Company, as evidenced by its annual statements from year to year, has_been of a most satisfactory character and the reâ€" sults achieved redound greatly to the credit of the management. s The gross premium income of the Comâ€" pany for the year amounted to $281,206.41, the insurance in force now totalling$42,687,572, an increase of about $2,000,000 over the previâ€" ous year. The total Assets not including premâ€" ium notes are $1,125,735.48. In the comparatively short period of twelve years The Waterloo Trust and Savings Co. has forged to the front as one of the leadâ€" ing companies of its kind in the province, and its spiendid record of progress reflects most ereditablyâ€"uponâ€"thoseâ€"who have been instruâ€" mental in inaugurating and putting into effect the sound, progressive policies which have reâ€" sulted in the high degree of success which the company has attained. | EXCELLENT RESULTS ACHIEVED BY | | ECONOMICAL FIRE INSURANCE CO. ; . Like the premature story of Mark Twain‘s demise, the reports printed about Mr. Meighen‘s relinquishment of the Conservative leadership are "wery exaggerated." In â€" fact, as Mark Twain commented, he "would not do such a thing." ‘The story to day was to the offect‘ that Mir. Meighen had been offered & po.lflfl‘ with the Metropolitan Life Insurance Company, the salary mentioned beâ€" ing $35,000 a year. Denying the rumor of the life inâ€" surance position, Mr. Meighen said: "I am sorry that 1 cannot acéépt itâ€"the Balary is not enough." _ The Home Bauk trials were conâ€" cluded with the disposition by his Honor Judge Coatsworth of the four ‘remaining tases. ‘ . Found guilty successively some weeks ago, the three men sentenced, and their terms, were as follows: After sentence his Honor lnstructâ€"l‘ ed that the jprisoners «remain in court until the question of bafl' pending their appeals had been: settled at Osgoode Hall. By noon: Chief Justice Sir William Mulock! bad made the necessary ordem‘, granting bail to the three men in‘ the same amounts as had rormerly} prevailed, hamely, R. P. Gougb,‘ $100,000; J. F. M. Stewart, $100,000, and S. Casey Wood, K.C., $50,000. ] If you have any of these symp toms you need the help of such a reliable tonic as Dr. Williams‘ Pink Pills. Read what Mr. W. W. Francis. of Calgary, Aita., says of this tomic. "After returning from overseas," writes Mr. Francis, "my whole sysâ€" tem was in a badly run down con: dition. 1 became nervous, irritable, pale and lost welght. Of course I was given treatment and recomâ€" mended many tonics, some of which I took, but with no apparent results. At last I could not even sleep. My aister, who is in England, wrote and urged me to give Dr. Williams Pink Pills a trial, and I can scarcely say how glad I am that I took her adâ€" vice. My friends were surprised at my complete recovery, but I assured them it was due entirely to Dr. Wilâ€" liame‘ Pink Pills and I now always emergency. ‘ If you are ailing give theme pills a fair trial and they will not disâ€" appoint you. Sold by all dealors in medicine or sent by mail at 60 cents a box by writing The Dr. Williams® Richard P. Gough, former Viceâ€" President of the Home Bank, one year definite, plus one year, less one day indeterminate, in the Ontâ€" ario Reformatory at Guelph. James F. M. Stewart, a former director four‘ months definite, plus four montbhs indeterminate, in the Ontario Reformatory at Guelph. S. Casey Wood, K.C., a former diâ€" rector, six months definite plus six months indeterminate, in <the Onâ€" tario Reformatory at Guelph. That an agreement was signed last week by leaders of Old Colony Mennonites of Hague district for the sale to Chicago capalists of 40,000 acres of their land, with live stock and equipment, was stated by F. A. Williams of Winnipeg, representing the United States interests in Sas katchewan. The price at whichâ€"the sale is to be made was not stated, but it is believed nearly a million dollars is involved, 3 FORMER HOME BANK VICE PRESIDENT AND DIRECTOR SENTENCED TO ONTARIO CHICAGO CAPITALISTS BUY 40,000 ACRES OF LAND IN SAQKiTCHEWAN FROM OLD COLONY MENNONITES While many of the Old Colony Mennonites in the Hague district have already gone to Mexico, there still remain a considerable number of members of the colony who are staying in Canada, waiting for the sale of their lands before making the trek. A total of some 80,000 acres in the district has remained in the hands of the colony, and the 40,000 acres involved in the contract signed is part of this block. It is understood the colony has the right to include as much more of the block as its members can deliver. Are you pale and weak, tired most of the time, out of breath on slight exertion ? The United States capitalists unâ€" dertake to buy the land, to resell it on terms to the Russian Mennonites who have come to Canada in the past two years,. it is understood. Is your appetite poor, your diges tion weak and do you have pains after eating? HELP FOR TIRED NERVOUS PEOPLE Found in the Use of Dr. Wilâ€" liams‘ Pink Pills. Are you nervous, is your sleep disturbed so that it does not reâ€" fresh you? REFORMATORY, GUELPH NOT ENOUGH | According to the Canadian Comâ€" 1mis§loner at Glasgow the only comâ€" ‘ plaints are on the scores of age and ;ol branded hides. The latter, it | seems, is in the process of elimiâ€" nation, but the matter of age, says the Commissioner, is one that deâ€" serves the attention of Canadiai shippers. Farmers in Scotland want young cattle, not more than two year old, if possible. If this imporâ€" tant point is attended to, and a good class of wellâ€"graded animals sent over, there is a market in Scotland for considerably more cattle than are at present being sent out. | shiltings per live hundredweights. *A ateur blers, many of them woâ€" in ten years a monthl Wfl"'fl men, :::,4.4 the ,{.m,,.- gallery Compound {nter'm in thhylank will amount to on the Grain Exchange and watched $3,4098.85. * the ‘blg clock blink out the dectine Capital, $5,000,000 Reserves, $1,000000 of 19 cents that ended their hopul of fortune. Some criéd ~aloud ~and others shed their tears allently, but they all remained until the gong siâ€", # â€" dib This was the ominous message that.: went to thousands al over Western Canada, into the States and Onarto. It was the final crash in the big adventure of making & fortune others shed their tears aliently, but they all remained until the gong siâ€" lenced the shouting mass of traders in the pit beneath. of requirements. The demand for Canadian cattle has greatly {mâ€" proved, owing to the farmers‘ satâ€" isfaction, and the prices have been of late generally higher. largely shaken out of the trade. So Soottist farmers say that Canaâ€" dian cattle are very healthy, good Meeders, and quick to come into prime beef.lt is very rarely that a farmer Jloses a Canadian bullock through disease, and the animals from the Dominion are believed to be stronger in constitution thin alâ€" most any other cattle. During the season just closed the highest price given for Canadian catâ€" 'fl\:vas 67 shillings (about $16) per liv&_hundredweight of 112 lbs. The average for the season was 52 to 58 that wire capacity was overwhelmed. The hundred wildly excited amâ€" Although in the ten months endâ€" ing Jan. 31 more than 45,000 animals were shipped from Canada to the United Kingdom, the Canadian Trade Commissioner at Glasgow reâ€" ports that shipments of Canadian cattle to Scotland are still far short BIG CANADIAN SHIPMENT OF CATTLE TO UNITED KiNGDOM Donsee Brothers COMMERCIAL CAR W herever you go, whether it is to the farmer or small merchant who owns but one, or to the great corporation operating a fleet, you hear it praised for its economy and dependability. Owners find that it seldom needs repairs, even when put to the hardest service. It is ready for duty whenâ€" ever summoned. p Thousands of these cars are serving faithfully in every part of the world. ~Ministers Amid the booming of cannon and all the pomp and ceremony that has characterized Legislature openings since Confederation, LieutenantGovâ€" ernor Cockshutt formally opened the second session of the Sixteenth Pa:â€" liament of Ontario at Queen‘s Park on February 10th. Galleries, corridors and the floor of the Legislature were crowded as usual, although not quite to the exâ€" tent of last year. One supreme surprise was sprung in the reading of the Speech from the Throme by his Homor and that was the declaration of intention on the part of the Government to apâ€" proximately double the strength of permitted beer if the heralded measure passes first, second and third readings, beer of 4.5 per cent. alooholic strength by volume, comâ€" monly called 5 per cent. beer, will be sold "legally" _ everywhereâ€"from standard hotel bars, restaurants, and ice cream pariors. Also of extreme interest, but alâ€" ready forecast, was the announceâ€" ment of legislation to increase the sessional indemnities of members of the Legislature and those of the Cabinet Ministers. While no figures are mentioned, the increases will bs $600 in the sessional lndemnlty,‘ bringing the total renumeration up to $2,000, and of $2,000 in Cabinet SIXTEENTH PARLIAMENT OF ONTARIO OPENS; PROPOSAL TO DOUBLE STRENGTH OF PERMITTED BEER DIETRICH‘S GARAGE Waterioo, Ont. Wfllfl a financial emergency arisesâ€"no friend will be quite so sure to help you uu&nkoi'ruml:vhpm It is one friend you will be sure ofâ€"why not begin to cultivate this friend now? Intu{mawywdm'& Compound Interest in this Bank will amount to salar 108 WATERLOO KITCHE KITCHENER _ (North Ward) Established 1455 Try this. Get a small bottle of Ely‘s Cream Balm at any drug store. Your clogged nostrils open right up; your head is clear; no more hawking or enuffing. Count fifty. All the stuffiness, dryness, struggling for Cream Clears A Stuffedâ€"Up Head If your nostrils are chogged and your head is stuffed because of nasty catarrh or a cold, apply a little pure, antiseptic cream into your nostrils. It penetrates through every air pasâ€" sage, soothing and healing swollen, inflamed membranes and you get inâ€" stant relief. breath ductor." On opening the bag, a weekâ€" old baby girl was discovered, alive and kicking. Her name, Olive Martin was written on a "‘piece of paper, as also was the address of St. Mary‘s Home, Toronto. A good desâ€" cription has been furnished to the officials of the young woman who is supposed to have left the valise in the train. The ‘baby was turned over to the local Children‘s Aid Society. BABY GIRL 18 FOUND IN SUITCASE ON TRAIN Noticing a suiltcase unclaimed on train No. 46 at North Bay last week, the police inveatigated and found a stantly Opens Ev At Passngeâ€"ClursTlugToo Is es *4 4A A Age wa #% x6

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