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. â€" PAGE TwO Published every Thursday by David Boan & Sone, Ltd., Waterico, Outarie. SUBSCRIPTION RATES ADVERTISING RATES On application. Advertising copy must reach the office not later than Monday noone to insure insertion. A year of gratifying results in the various departments of its business was reflected in the eminently satisfactory statements submitted at the annual meeting of the Mutual Life Assurâ€" ance Company of Canada held last week, results which were especially encouraging in the light of the conditions which prevailed. As pointed out by its president, Mr. Mcâ€" Culloch, the Company not only earned "the largest profits in its history but also paid out to policyholders the greatest amount of dividends in any of its sixty years of operation. The amount of new assurances paid for was greater than in any previous year, the net increase of assurances in force being $31,522,665, while the paid for new business reached the substantial volume of $60,526,212. Surplus earnings, as General Manager Somerville emphasized in his remarks, reflect the results of operations respecting interest earnings, mortality experience and expenses, the surplus earnings totalling the gratifying amount of $5,254,351.81, the largest ever reâ€" corded by the Company and $211,316.41 greater than in 1929. The interest earnings were maintained at the high level of 6.13%, the ratio of general expenses to total income was 13.68‘/, the lowâ€" est in the Company‘s history, while the favorâ€" able mortality experienced was also a factor in the results achieved. The total income for the year from all sources amounted to $1,915,091. The total preâ€" mium income amounted to $1,399,293, an inâ€" crease of $142,596 over the premium income of 1929. The interest earned during the year amounted to $441,098, an increase of $32,991 over 1929. The invested assets of the Company earned after deducting investment expenses, an average rate of interest of 6.51 per cent. It was emphasized by the president, Mr. Tweed, that the broad outlook for nonâ€"particiâ€" Dividends paid to policyholders totalled $5,254,351.81, an increase of $507,614.96 over the corresponding payments of 1929. It was also noted in the reports that the Company‘s special reserves and surplus funds which have been increased to $12,468,009.44, inâ€" clude general investment reserves and free surâ€" plus available for contingencies of ample amount to take care of any adverse factors. Total assets now aggregate the large sum of $116,662,059. $116,662,059. Commenting on conditions in the western provinces, President McCulloch referred to the need for a greater diversification of production and the improvement of present methods in view of the low prices which obtain for grain. The situatior, he stated, is forcing many farmâ€" ers to the conclusion that their future prosperâ€" ity depends up3h diversified production which will assure them their living and operating exâ€" penses quite apart from cash grain. He exâ€" pressed the belief that the future success of a very large number of farmers of Western Canâ€" ada can best be obtained by a proper diversiâ€" fication of crops and the raising of live stock. It is worthy of note that the Company has a vital interest in the west since most of its farm mortgages are on the security of properties in Western Canada, the Company‘s contribution to the development of the western provinces havâ€" ing been substantial. General business conditions affected the amount of insurance written by the insurance companies. Although there was a decrease for the year this was not considered disappointing by the management since, as Mr. Tweed stated, it was the gencral and expected experience. New business issued and revived in 1930 toâ€" talled the substantial amount of $10,241,877. The Company now has $53,677,199 of insurance in force. The assets of the Company were increased by the substantial amount of $493,341 and now stand at $7,816,487, while policy reserves at $6,280,665 reveal an increase for the year of $733,232. The growth of the Company is indiâ€" cated by payments to policyholders and beneâ€" ficiaires, these reaching the sum of $569,328 in 1930. With a record of notable achievements such as that disclosed in the yearly reports presentâ€" ed, the policyholders of the Mutual Life can take pardonable pride in the fine record of progress of this outstandingly successful company. Outstanding features of the annual finanâ€" cial statement presented at the meeting were the increase in assets recorded and the gain in policy reserves, while the progress in other deâ€" partments of its business was also of a most encouraging character. With a material strengthening of its posiâ€" tion as a result of the year‘s operations, the progress of the Ontario Equitable, Waterloo‘s youngest insurance company, continued uninâ€" terrupted during the past twelve months, further enhancing its high standing. The ' Waterloo Chronicle One year, in advance ........................... $8.00 in United States, por year THE ONTARIO EQUITABLE THE MUTUAL LIFE pating insurance to which the Company confines itself, is very favorable which will doubtless be reflected in the coming year. Reference was made by Mr. Tweed to the fact that Mr. Dunâ€" ning, former Minister of Finance, had become associated with the Company which will have the benefit of his experience and judgment. He will prove a valuable acquisition to the Board. Under the guidance of its president, Mr. Tweed, and those asosciated with him, the Onâ€" tario Equitable can look to the future with conâ€" fidence, the records of the Company since its inception having disclosed unmistakable proâ€" gress and advancement and reflected progresâ€" sive and energetic management. | NORTH WATERLOO FARMERS‘ MUTUAL | MAKES SUBSTANTIAL, PROGRESS ; The report presented at the annual meetâ€" ing of the North Waterloo Farmers‘ Mutual Fire Insurance Company, just held, reveals anâ€" other year of substantial and satisfactory proâ€" gress. The confidence of the insuring public in this well established and soundly managed comâ€" pany was again evident in the large increase in business written during the past twelve months. The gross amount of business in force at the end of the year totalled the large sum of $40,827,397.00, representing an increase of $2,â€" 675,012 over the previous year. . With the increase in business there was a natural increase in the losses which amounted to $86,348.50 as compared with $84,348.24 in the preceding year. The necessity of exercising every precauâ€" tion in order to reduce the losses sustained by the company was again stressed at the meeting. It was pointed out that the farm Barn of today is one of the most hazardous risks and policyâ€" holders therefore cannot be too careful in the handling of matches, lanterns and gasoline. The fleet of training planes will be used by the RC.A.F. at Camp Borden and by the Canadian flying clubs. According to J. H. Sanâ€" derson, manager of the company, the model is twoâ€"place all medal construction and is the same craft which holds the world‘s record for outside loops, the aerial manoeuvre which places the greatest strain on an airplane‘s construction. The machine can be equipped with floats, skis or wheels and an ingenious cahin arrangement has been invented for use in winter fAlying. Both cockpits can be enclosed without retarding speed or manoeuvre ability. Other purchases were a fleet of "Puss Moths" for night fAying instruction, principally from de Haviland‘s of Toronto; Avroâ€"trainers without engines, from the Ottawa Car Company and the Armstrong Siddeley Corp. Motors Co., and flying boats from Bellanca. During 1929 the locomotives on Canadian railways consumed 10,057,673 tons of coal. ‘ The excellent results of the year which place the company in an increasingly strong position both in respect to its assets and busiâ€" ness in force and show the steady progress the company is making, will be a source of much satisfaction to its many policyholders, reflecting careful and progressive management. The largest order placed by the Dominion Government for airplane requirements for 1931 went to the Fleet Aircraft Company at Bridgeâ€" burg, Canada‘s youngest airplane manufacturâ€" ing organization. The Government purchased twenty light planes for civil and military use, at a total cost of about $90,000. The outstanding position of the Economical Mutual Fire Insurance Company, which held its meeting on Friday, is again convincingly reâ€" flected in the eminently satisfactory reports presented to the yearly gathering of its policyâ€" holders. As‘the result of the operation of the last twelve months the Company has still further enhanced its high standing and enjoys a preâ€"eminent place among the Mutual Fire Inâ€" surance Companies of the Dominion. The year‘s reports, evidencing as they do the uninterrupted progress of this long and solidly established fire insurance company, will be a source of gratification to its ever growing circle of policyholders who cannot but view with deep satisfaction the gratifying nature of the statements presented at the annual meeting. President Geo. C. H. Lang and General Manager W. H. Schmalz and All those associated with the conduct of the Company, are to be highly comâ€" plimented on the satisfactory outcome of the year‘s operations. Despite a year of general business depresâ€" sion and higher fire losses the Economical Muâ€" tual Fire Insurance Co. is again able to report satisfactory progress, and added $80,000 to cash reserves during 1930. 6 The financial statement of this company shows assets of $1,910,524; liabilities (unadâ€" justed losses, reinsurance reserve, etc.) $174,â€" 193.26, leaving a balance over all liabilities of $1,736,331.39. The total amount of insurance carried amounts to $54,033,037.00. The three retiring directors, Messrs. L. J. Breithaupt, Hartman Krug and W. H. Schmaiz, were unanimously reâ€"elected. PLANES BOUGHT FOR GOVERNMENT ECONOMICAL MUTUAL FIRE ENJOYS ANOTHER SATISFACTORY YEAR If your hens lay 81 egge a year or more you should be able to show a profit. A tenâ€"year average of the cost )f feeding laying hene shows that the yearly expenditure is $2.43 per hen With eggs selling at 35¢ a dozen it takes 6.95 dozen or 81 exgs to pay tfor the hen‘s keep. Exgs laid in exâ€" cess of that number are profit Sixty thousand busbhels of home ;rown alfalfa are available for disâ€" ‘ribution in Ontario this year, acâ€" cording to Professor W. J. Squirrell of O.A.C. He points out that the nor mal requirements are about 30,000 bushels, but hopes that all this seed barring that intentionally held over will be used, because of Its cheap ness (about half the price ol last year), the shortage of homeâ€"grown red clover, and the necessity fer reâ€" seeding many meadows killed out by drought last eummer. Profit Factors Important J. A. Whitelock, assistant director of agricultural representatives, was the speaker at the banquet concludâ€" ing the short course in home econo mics and agriculture at Shelburne. in Dufferin County. In a thoughtâ€"proâ€" voking address, he asked the ques tion: "Just how good farmers are we?" and went on to explain how the average yield of barley was 45 Sushels in Denmark and only 30 in Ontario. The average Danich farmâ€" er. he pointed out, cecured 104 lhs. of gain in his hogs for 400 lbs or teed. while in Ontario it usually reâ€" quired over 500 lbs. of feed. The conâ€" clusion was that every detail of the factors influencing profits on the farm must be heeded. Schools of agriculture and houseâ€" hold science in every county in Onâ€" tario is the ohjective And part of the permanent policy of the Departâ€" ment, Hon. Thomas L. Kennedly, Minister _ of â€" Agriculture, recently stated in announcing that there are 12,000 young men and women atâ€" tending | the winter. short course classes. For the first time every county in the province has a short course under the direction of the Department. _ Part of the federal grant which is coming to the Onâ€" tario Department will be used to esâ€" tablich permanent county centres. Colonel Kennedy is a strong believer in agricultural education for the junior farmer. a work that is still only in its infaney. $13,000 OBJECTIVE OF Waterioo and Kitchener boys have fixed an objective of $600 towards the funda of the Older Boys Parliament. ‘Waterioo boys under Premier John Lauman, will ralse as their share $200. The #winners of the gold meda!s last year were Walter Twéed and Edward Shuh it the regmlar meeting of the TLaadies‘ Aid and Women‘s Missionary Socieâ€" tiea at the Waterloo Evangelica) Thurch. A musical program comâ€" vrised a vocal duet by Mre. Alex. Bauman and her daughter, Mrs. D 3nyder and an instrumental by Misa Norma Snyder. Mies Emma Katr presided . Ladies‘ fancy costume, first. Misc Lorenz. Kitchener. second Miss F Groseman, Kitchener. Boy‘s costume( under 16) first Walter Schmitter, Watorloo; second Raymond Hergott, Waterioo. Special girl‘s prize, Patsy Lang Waterloo. An intereeting talk on Red Cross Work was given by Mrs. F. Haight Tile Drainage The Drainage Department, O.A.C.. sipplies a man to eurvey your farm for tile drainage. Such survey \vi!ll show you on a blue print a comâ€" plete system of tile drainage reoum-l mended for your farm. It will tell ym? what depth to dig each drain| and the number and various sizes! 0° tles to purchase. Send in your application â€"to â€" your â€" local depjrt" mental representative. ' cleaning machinery, and provided it is shown there is a need for auch oquipment in the district from which the application comes. Each appliâ€" cation must be accompanied by a petition signed by 25 farmers statâ€" ing that there is a need in the disâ€" trict for such cleaning machinery. Owners of plants receiving Governâ€" ment grants will be acked to sign a sevenâ€"year contract promising seedâ€"cleaning service to neighboring ‘armers at reasonable rates. The plan is caleulated to increase farm cilfciency and decrease grain . proâ€" duction costs. Tho result of seed drill surveys in Ontario in the last two years shows that more than 39 per cent. of the samples of seed ta‘kâ€" en from seed drille was unflesirable m account of heavy weed seed conâ€" tent The skating carnival held at the St. Lonis R.C. «kating rink, Friday night. was largely attended. The prizes for the best costumes were awarded as follows: Fancy gent‘s costume, first, Fred Fischer, Waterloo; second. L. Timm. Kitchener. Gent‘s comte costume. first, Carl RThienhardt. Kitchener ; second, ‘Amos ‘n Andy," Tommy Honse and Oscar Voll, Waterloo INTERESTING TALK The Ontario and Dominion Departâ€" ments of Agriculture have reached an agreement whereby they will share the cost of helping farmers it strategic centfos to install mainâ€" tain _ and _ operate â€" seedâ€"cleaning piants. Assictance is to be given in the form of grants amounting to 0 per cent. of the invoice cost of vleaning machines at local stations. such grant in no instance to excee ‘mM. The grant will be made avail \ble to an individual or an organi zation of farmers infterected in seed Ladies‘ comtc costume, first, Mias Helen Stumpf, Waterloo; s8cond. Miss Minetta Moser, Waterino. Girl‘s costume, (under 16) first Misa Adine Sobisch, Waterloo; sec ind, Miss "Buddy" Kuntz. Waterioo HELD SUCCESSFUL SKATING PARTY Newif§ and Information For the Busy Farmer (Furnished by the Ontarie Department of Agriculture) Junior Farmer Education Plenty of Alfaifa Seed Seedâ€"Cleaning Machines Where Profits Begin ON RED CROSS WORK BOYS PARLIAMENT Soils and Crops Train On February 10 at Oldoastle, in Essex County, the Department‘s special Sotls and Crops Train started out to carry the latest information o farmers 'r( Southwestern Ontario. Fiftyâ€"nine stops will be made during ‘he tour, which will take the train hrough Ecsex, Kent, Elgin, Lambâ€" ton, _ Norfolk, Middlesex, Oxford, srant and Haldimand Counties, with ue stop in each of Perth and Wentâ€" worth. The train consists of & soils car, a crops car, a car for lecture ourposes and a car for the staff. which will consist of specialists on all the many phases of farming conâ€" nected with specialty crop produc on and treatment of soils. Interâ€" asting exhiblts have been arranged The committee on rations for On tario, which has made a carefu itudy of the subject recommends the following rations for dairy cat tle: For every 100 lbs. live wL, 1 lb alfalfa hay or red clover, 2 lbs., sil age. 2 lbs. roots, with the following concentrates, 200 lbs. oats, 200 lbs bran, 100 Ths. barley, 50 lbs. cottor seed, 50 lbs. oil cake, or as alterna tive concentrates, 200 lbs, oats, 10( lbs. bran, 100 Ibs. gluten feed, 25 lhe oil cake. Where lower grades of hay ire used, the recommendations are: Yor every 100 lbs. live weight. 1 lb. lower grades of hay, 2 lbs. silage. 2 lbs. roots, and the following conâ€" centrates: 200 lbs. oats, 200 lhs. bran, 100 lbs. barley, 100 lbs. oil cake, 100 Ibs. cotton seed. Alternaâ€" tive concentrates are as follows: (1) 200 lbs. oats, 100 lbs. bran, 100 lbs. @luten feed, 50 Ihe. oll cake, 50 lbs. »y OQ.A.C. Departments which graph cally explain the best practices in ‘rop production and soil manage ment cotton seed: (2) 100. oats, 100 lbs. barley, 100 lbs. bran, 100 lbs. oll cake, 50 Ibe. cotton seed; (3) 200 Ins. vats, 100 lbs. bran, 100 lbe. barâ€" ley, 200 lbs. oil cake. Where roots are not available, increase silage to 3 lbs. per 100 lbs. live weight and use same grain ration as above. Where «ilage is not available inâ€" crease roots to 4 lbs. per 100 lbs. live weight and use came grain raâ€" tions as above. The folâ€" lowing _ is _ recommended _ where no silage or roots are available: Al falfa or clover hay, 114 lbs. to 2,lbs. to every 100 lbs. live weight. Conâ€" centratesâ€"â€" 200 lbs. oats, 200 lhs. bran, 100 lbs. barley, 150 lbs. oilâ€" cake. _ Alternative concentrates in this case are: 150 lps. oats, 100 lhs. bran, 100 lbs. gluten feed, 50 lbe. oilâ€" cake. Where lower grades of hay «re used the proportion ahould be 1‘% to 2 lhe. to every 100 lhs. live weight, with the following concenâ€" trates: 200 Ihs. oats, 200 lbs. bran, J90 lhs. gluten feed 250 lbs. oilcake. Alternative concentrates here are: 100 lbs. oats, 100 Tbs. bran, 100 lhs. cilcake, 100 lbs gluten feed, or 100 Ihs. oats, 100 lbs. bran, 100 lbs. oil cake; or 200 lbs. cats and 100 Ins. cilcake. Noteâ€"Feed 1 lb. concenâ€" trates to 4 lbs. milk. Corn or wheat may be used in place of batley in any of the above rations. Rations For Cattle BANK OF MONTREAL D. Forses Anous, Esq. Chairman in Canada, Standard Life Asturance Company Lt..Cor Herseat Morson, cau 6. m c President, Molson‘s Brewery, Limited Harouo Kennroy. Fiq Director, Johnson‘s (Asbestos) Company G. B. Frasir. Esq Director, Greenshietds, Livited Gen. Sir Artuuor Currir Thz Hox. Hrsxrey Coc«sHutr Charrman and Preodent, Cockshutt Plow Company, Limited E. W. Beatty. Esq.k.c. Chairman and Preadent, Canadian Pacific Railzay Company Capital, $36,000,000 EN. SiR ARTHUOR CURRIE, Patrick Buarns, Esq G.C. M.4G.. K.C.R * y aat Principal, McGill Umw(m!y C Chairman, Burns & Company, Limited E. Merrorm. Esq . k.« Chris. Sernicer, Esq. Barvister, of Meredith, Holden, Heward President, David Spencer, Limited, & Holaen Departmental Stores Siz CHiartes GoRDoON, G.8. 6. Chairmanâ€" Domnion Textile Company, Limited Ross H. McMaAstEr, Esq. President, Steel Company of Canada, Limited OVER 650 BRANCHES IN CANADA Sir Fraeperick Wiuiamsâ€"Tavtor Former General Manager, Bank of Montreai Woolwich Township Council Promises Consideration. â€"Read Foremen for 1931 Appointed.â€"Accounts Passed and Other Business Dealt With. { The Municipal Council of the township of Woolwich met at Conestogo, on\huay, February 3rd, 1931, pursuant to adjournment from last cession. Al}l the members were present. The reeve was in the chair. The minutes of the previous session were read and approved. & The communications were read and considered. In respect to one from the Ontario Municipal Association requesting membership, no action was taken, while favorable decisions were given to similar requests from the Ontario Good Roads Association and the Ontario Township‘s Roads Association in which memberships were ordered paid and the reeve and leputy reeve chosen as delegates to altend both conventions as represenâ€" tstives from this township. Jn response to a letter from the Department ol Public Highways, the road superintendent was instructed to attend the Road Superintendents‘ Convention in Toronto. Mesers. Jos. Brubacher and Ceranious Zidgler interviewed the Council regarding proposed works of cutting down the hills on the rosd running north from West Montrose to the Pilkington townline This matter was ‘aid over until after the spring freshets, when it will be taken up for consideration. The Clerk was instructed to get prices from the several Newspaper ~ublishers for printing of the necessary number of the Voter‘s List, the Journal of Proceedings and Byâ€"Laws and the Financial Statements. The Township Road Superintendent with the approval of the Council 1amed the following persons as Road Foremen {r 1931: 1. Frank Zettel. 15. Percy Woods. 28. Ivan Martin. 2. Archie Shoemaker. 16. Elam Martin. 29. Milton Eix. 3. Herb. MeNally. 17. M. C. Schweitzer. 30. Sidney Weber. 4. Gordon Pirie. 18. Geo. Eisenbach. 31. Henry Ziegler. 5. Oliver Wright. 19. Henry Bowman. 32. Erwin Shoemaker. 7. Wendel Lehman. 20. John S. Geisel. 33. Samuel Sples. 8. Harvey Melitzer 21. John H. Stahibaum. 34. Herbert Doering. 9. Ben. Millard. 22. Cleason Martin. 35. Clayton Schneider. 10. Josh. Brubacher 23. William Clemens. 37. John Metzger. 11. George Forbes 24. David Kraemer. 38. Henry B. Brubacher. 12. Simeon Weber. 25. Clarence Doerbecker.39. Daniel B. Hoffman. 13. Aaron B. Weber 26. Menno R. Eby. 14. Amos Esch. 37. Henry Lackner Moved by Chas. Schuettâ€"and Wesley Howlett, that the following accounts be paid and that the reeve grant his orders for the came: Township‘s Roads Acsociation, membership fee ... $ _ 3.00 Ontario Good Roads Association, membership fee ... 5.00 Oscat Schnidt, erVOr Of OZ EBX ...... o. .c ons eiiacenmne ronermitnimemibiris 2.00 Eimira Printing Oo., nomination bills and ballOté .......cccccclccss. 15.91 Waterloo Chronicle, 200 copies Financial Statements ... _ 40.16 MunJeIpal WOrEG. GUBDSCTIDLIOING â€"1.1..:sssmmcsirirmmmcoomnnirrennncmmemaiemmyieciens 9.00 Munécipg! World, AsseeSOr‘S SUBPDIIGG .ms momioccoummmmmnanmunne â€" C9TH Bank of Nova Scotia. EIMITA, t3X COII@CHIONS ... 7.15 Bank of Nova Sceotia, St. Jacobs, &X COll@ctIONG .......ulccccl22s â€" 2845 NOFM@I SNYUET, PAY SRO@L .ccsc en nc ons 197.48 NOFMAN SNYMOF, S@IBTY .222 22o2 eenceemeececenen. _ 15.00 10 11 12 13 14 $1000 FOR MISSIONS an Church in India." Mre. Henry A donation of $1,000 from the Becker, Mrs. Chas. J. Mueller and Fred Schuitz Estate will go towards Mrs, Albert Wahi were named foreign and home mission work leaders for week of prayer starting through the Women‘s Missionary Feb. 23rd. Society of St. John‘s Lutheran| e t o. church. At a recent meeting of the‘ â€" _ Almost Perfect Memory society carh donations were made to| _ Plumberâ€""Well, here we are! And Miss Kellett for missions to sailors we haven‘t forgotten a single tool." ir a school in India. Mrs. J. Conrad | Householderâ€""But you‘ve come to gave a talk on "The Andhra Lutherâ€" ‘the wrong address." Mr. Alfred Hummel was appointed as Poundkeeper in place of his late leceased father, Andrew Hummel. FPOLB] ACATHG@A) \.m..o000omiuroiibmmernentincermmitesieiizins i ccmesinlp ©GB.B0 Moved by Milton Weber and Edmund Schwindt, that this Council do now adjourn to meet again at the Council Chamber, Conestogo, on Tuesday, March 3rd, next, at 10 o‘cfock a.m.â€"Carried. BOARD OF DIRECTORS GENERAL MANAGERS W. A/Bogâ€"Jackson Donns MONTROSE CUT DOWN IN SPRING â€" _ Rest and Undivided Profits, $38,947,047 Total Assets, $826,969,537 Established 1817 PRESIDENT A. 0. Dawsov, Esq President, Canadian Cottons, Limited W. N. Tircey, Esq.. x.c. Barrister, of Tilley, Johnston, Thomson and Parmenter Te Hon. THomas AnEARN, p.C President, Ottawa Light, Heat and Power Company, Limited W. A. Brack, Esq Preadent, The Ogl’fl( Flour Mills Company, Limited W. McConneLt, Esq. Prevident and‘ Managing Director, 8t Lawrerce Sugar Rtfinnm. Limited an Church in India." Mre. Henry Becker, Mrs. Chas. J. Mueller and Mrs, Albert Wahi were named leaders for week of prayer starting Feb. 23rd. NOAH STROH, Clerk Ivan Martin. Milton Eix. Sidney Weber. Henry Zieglet. Erwin Shoemaker. Samuel Spies. Herbert Doering. Clayton Schneider. John Metzger. Henry B. Brubacher Daniel B. Hof#fman. 3271 1.15 28.45 197.48 15.00