The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

ols doali 22 0e ts To Bs ue Alnbo s oi ced e me ce laitts s A * 2c he E s A, . Surecee te oo y i. 0 a poure s " f\ tcarpr‘s. some ?.{w iftare.. $ Coh ® @ ® 6 _. F j 5 Ontario Eqauite e / OTE $18 mae h . n h ¢ Y 7 7 ;y on § -!‘ $# & ? wl _ °1 m m: ' PAYMENTS TO POLICYHOLDâ€" ERS.â€"During 1934 we paid to Policyholders _ and _ Beneficiaries $728,173.15. Death claims increased by $23,072.50 over 1933, the morâ€" tality being 61.3% of the expected. Payments for surrendered policies were sharply lower at $352,928.70, a decrease of $91,478.99 for the {ur. Total payments to Policyâ€" olders and Beneficiaries since orâ€" ganization of the Company amount to $5,262,000. INCOME.â€"The total Income for the year from all sources amounted to $1,606,103.01. This is very slightly greater than that of 1933, but the increase is significant, being the first gain in Income reported since 1929. Interest, Dividen}s on Stocks and Rents increased by $36,539 over 1933. The net rate of interest earned on invested Assets was 4.85%. INSURANCES.â€"During 1934 new policies were issued and old policies revived numbering 1347 for $3,â€" 487,552. Total policies in force number 17,660 for $40,949,109 of life insurance. These figures do not include annuities. . Mr. Dunning presented the Direcâ€" tors‘ Report as follows: Waterloo, Febguary 4, 1935 To the Shareholders of The Ontario Equitable Life and Accident Insurance Company: Your Directors have pleasure in submitting the Annual Statement and reports of the affairs of your Company for the yea. onding December 31, 1934, and beg to reâ€" port as follows: "Our first duty is to the policyâ€" holder. He rk'l‘my looks to us to see to it that his contract with us is good and can be depended upon is good and can be depended upon absolutely. It has been outipgrlog! absolutely. It has been our policy to conduct our operations to keep the poli%holder's security beyond doubt. e have done thisâ€"and more, we have strengthened the Company and thereby the policyâ€" holder‘s security. "In discharging our duty to our policyholders, we are proud particuâ€" larly that the method of this Comâ€" pany of offering insurances at guarâ€" anteed rates, not subject to flucâ€" tuations in cost to the buyer of insurance, is proving so helpful to him at this time. There is a soundâ€" ness about this principle which appeals. "We must be prepared to meet anL eventuality in the investment field, thus ensuring the security of the Company‘s contracts under any conditions which may arise. Figures, such as those presented in our Directors‘ Report and Financial statement, tell part of the story; but in addition, the intrinsic qualifiv of an institution must be reckoned. The Ontario Equitable is soundly, surely, building for strength, and with the knowledge of this, the reâ€" fi::‘unutives of the Company have a is in confidence to expand our "Unquestionable soundness is the most valuable asset an insurance company can possess, and on this basis your Company will continue to grow." business. Stocks at Market V; Mortgages on Real Estate Agreements for Sale........ Loans on Collateral.......... Loans on Policies.............. Bonds and Debentures at _ Amortized Book Value ..........................$3 Premium received on Capital Stock... Real Estate : e Office Premises ..............$109,277.76 Other (Held for Sale).. 223,655.09 Bnpplemenu;y Contracts ........... Interest, Dividends on Stocks, * EBE .â€"s:ssecuserertrrernsnrenerrenctncnere Profit on Sale of Investments... Other Income ... Premium Income............$1,195,954.43 Annuity Considerations.. 31,835.69 Less Reinsurance in defavult .................. Book Value of those Financial Statement for the Year Ending December 31st, 1934 THE ONTARIO EQUITABLE LIFE | Total Receipts s at Market Vailte......... on Hand and in Banks. Directors‘ Report GHAB. A. DUNNING, President. ASSETS GAIN OVER $500,000 FOR YEAR \Two Askeaaifta, Fence Viewers annesiscsesscccccc............$1,000,103.01 ASSETS INCOME ...$3,355,631.56 1,227,790.12 65,088.94 rvvesersrsccce..... 3,406,811.09 878,108.62 al. _ §7,786.61 ... _ 22,800.00 ..... 1,697,103.80 ASSETS.â€"After we set aside for depreciation an â€" additiqnal $59,975.88 our Assets intreased by $51,091.30 over 1933. Bonds and Debentures were higher by $384,â€" 919.42. During the year we again commenced to loan on First Mortâ€" gages on selected city properties. Disbursements 454,554.54 Assets ............ 8,606,775.18 Policy Disbursements 1,150,878.04 Excess of Disbursements were $122,811.38 less than in 1933. Expenses again showed a decrease. Disbursements to Policyholders were less by $86,â€" 576.11, due chiefly to a dropping off in surrendered policies. The Excess of Income over Disâ€" bursements of $578,036.35 is our largest since 1931. This figure must not be confused with earnings; it does represent liquidity and a good result indicates lessened terminaâ€" tions. Placed side by side, the positions in 1933 and 1934 can be ascertained at a glance: _ ___ 8 0s INCOME AND DISBURSEâ€" MENTS.â€"Interest income showed an increase, but Premium income a slight decrease over 1933, the net result being a small gain in Income. The features of our 1934 operaâ€" tions are the growth of our Assets, an increase in Income for the first time in some years, decreased Disâ€" bursements, decreased Terminations, and a fine intrinsic improvement in our position due to the further addiâ€" tion of highâ€"grade securities, subâ€" stantial writeâ€"offs for others, and the general market appreciation of our holdings. DEPRECIATION. â€" With o ut druring on our Investment Reserve of $175,000, we met the losses on such Assets as it was deemed advis~ able to sell, increased our reserve against defaulted Bonds and Debenâ€" tures from $825,916.74 to $373,â€" 763.62, wrote our Stocks down from $52,277 to $41,148, and wrote off $62,188.40 due and accrued inâ€" terest. AUDITORS‘ REPORT. â€" The books of the Company have been audited regularly throughout the year by Messrs. J. F. Scully, C.A., and R. P. Uffelmann, C.A., and their certificate is submitted herewith. RETIRING DIRECTORS. â€" The Directors retirlll;g by rotation are: Messrs. H. G. Bertram, Hon. Chas. A. Dunning, Hon. Harold lhc?her- son, E. C. Mitchell, J. M. Waiton; all of whom are eligible for reâ€" election. e SURPLUS. â€" After making the grovision described _ above our urplus stood at $76,359.53, an inâ€" crease of $5,887.89 for the year. Review by General Manager, Mr. M. J. Smith. Reserves ... 7,592,346.00 $1,605,483.36 €19.65 1,162,701.18 7,582.02 429,286.52 4,826.24 1,137.40 332,932.85 féspect.fully submitted, CHAS. A. PUNNING, President. $1,605,432.58 '{::es, Léc:nm .ind Fees...:...::+.:. m remmiaslOns .............. .o .Bnd%flco and Agency Expenses Loss on Sale of Investments.......... Investment Reserve ...........................â€" Taxes and Expenses, Due and Accrued I’nvlllonj-_“â€""forâ€"'\'fii;fif and Unreported GIRITAD ..cccccvvecervecerrersesnerennnnennnvaenreennn+ Policy Proceeds Left with the Comâ€" Premiums Paid in Advance............... Agents‘ Credit Balances........................ Policy Reserves According to ht-tu, Requirements ... Penvisian far Unnaid and Un Payments to Policyholders: Death, Disability and Inâ€" _ demnity Claims ...........$ Supplementary Contracts _ 1,502.41 Policies Matured and _Surrendered .................. 396,928.70 Refunds on Reinsured and Other Policies ........ _ 4,993.85 Capital Paid BB........cossescsenssmceececnee}> $1,606,103.01 1,028,006.66 9,127,s08.4s 8,071,905.00 including Interest Accumulaâ€" DISBURSEMENTS PRESTON WOMAN INJURED Injuries to the head and hip were ton, when she fell on Laurel St., re suffered by Mrs. R. J. Davis of Presâ€" cently. The accident is eaid to have occurred when she fell on a bit of ice. She is reported to have lain about 45 minmutes on the walk before a couple happened along, to bring aid. At its estimates meeting recently, the _ K.â€"W. _ Airport _ Commission trimmed its 1935 budget to the last dollar. Financing was reduced by 70 per cent and only $450. are needâ€" e to take care of the remainder of the present mortgage on the landing field. N. C. Schneider was reâ€"appointâ€" ed a sthe chairman of the commieâ€" sion. The Waterloo Public School Board heard an interesting narrative of the early days in Public School educaâ€" tion in Waterloo, from Mr. W. V. Uttley of Kitchener, who is preparâ€" ing an exhaustive account of the proâ€" gress. The first school was founded in 1808, when James Beatty became the first teacher of fifteen pupils in the liitle log school near Albert St., Waterloo. to a much higher figure in due course. We have not made heavy expenditures on agency developâ€" iment but have followed the policy of first strengthening our Assets. Terminations show a decrease from 1933. During 1984 there was gliminated by expiry a large block of unprofitable business which conâ€" tributed heavily to our death losses. A mtsrsked improvement will result in 1985. STAFFS.â€"We express appreciation for the loyal service of our staffs. There is an enthusiasm in our orâ€" ganization for Company policieeâ€" a sound investment program,. conâ€" icentn!,ed agency development makâ€" ing for more permanent business and reduced costs, and the continued attraction of able men into our serâ€" vice. At a meeting of the .Directors following the Annual Meeting, Hon. Chas. A. Dunning was reâ€"elected President, and Senator H. W. Laird and Messrs. J. C. Breithaupt and J. C. Haight, K.C., were reâ€"elected Viceâ€"Presidents for the ensuing year. Mr. H. E. Power, formerly Assistant Secretgry, was appointed Secretary of the Company. NEW _ BUSINESS AND_ TERâ€"|wards and given a rest for the MINATIONS. â€" New and Revived |being. business was $3,487,552 for 1984. 'F{e lowering of the dog tax We feel that this can be broughtlaa« hroucht into discussion hi SURPLUS.â€" There has been a gradual increase in our SWus during the past few years. en the need ceases for utilization of earnings for depreciation, a more rapid growth of Surplus may be anticipated. N. C. SCHNEIDER 22.......... $324,748.19 TRACES SCHOOL PROGRESS HEAD OFFICE AND FIELD svecsvervecseeccesececcn HON. CHAS. A. DUNNING President. verrrrasisesss=298,071,095.00 42 > M. J. SMITH, General Manager. HEADS COMMISSION 3e * 43,965.50 24,021.17 8,728.89 21,000.00 175,000.00 174.14 728,173.15 22,878.03 64,202.16 189,434.41 23,878.91 51,036.00 PART OF THIS PAGE 1S MISSING The following agreement was signed by both assessors:â€" We apâ€" pointed assessors agree to refund any mistakes made by us between the schedules left at the place of the party being assessed and that Sound salary of $65.00 and W. A. Damâ€" meier was appointed for the eastern section at a salary of $75.00 in accordance with resolution proposed by J. A. Beggs and G. Lichty. \ Byâ€"Law 1086 to appoint assessâ€" ors:â€" W. J. Hayes was -papolntod assessor for the western section at a Moved by E. Huehn, seconded by G. Lichty, that cauncii form into a committee of the whole on Byâ€"Laws 1036 to 1040 inclusive, and that P. A. Wagner be chairman of said comâ€" mittee.â€"Carried. J. A. Bfi‘g' that two assessors be appointed instead of one as it has been done the last few years.â€" Carried. § Pinucan 15.00; J. W. Burnett, relief to Wm. Schlueter 13.97, Whitney Lang, 10.26, John Pinucan 1.76; John Miller, work on road, 4.00, work on road 3, 3.25, total 7.25; Jos. Z. Roth, work on road 5, 6.00; D. W. Chalmers, work on road 8, 5.38; P. Hergott, work on road 13, 6.63 (Dec.), do. (Jan.) 6.25, total 12.88; A. C. sieiner, work on road 7. 3.00; E. Hackbart, on road 12, 10.25; Jgh:l_ (j_oll_»‘ec_k, brushing account, 18.00; H. Doherty, salary, 17.20. Total $719.79.â€"Carried. Appointment of Assessors It was proposed by E. Huehn and Schlueter 15.00, fii't;:eg; Lang 15.00, Clayton Knarr 15.00, John Moved by E. Huehn, seconded by G. J. Voll that Byâ€"Law number â€" to provide for the total expenditure on roads, in the Townhip of Wellesâ€" ley, during the year 1935, be now read the first and second time.â€" Carried. & Moved by J. A: Beggs, seconded by G. Lichty, that the following bills and accounts be paid, that the treaâ€" surer issue cheques in payment of surer issue chert%l:lesr in payment of same and that the Reeve grant his The lowering of the dog tax rate was brought into diunmn by one of the r.tex-yeu who ught this should be done. It was the opinion of some that Statutes wouldn‘t allow this being done. The Reeve said that there is lots of time for further consideration. Byâ€"Laws: Moved by G. J. Voll, seconded by J. A. Beggs, that Byâ€"Law â€" for the appointment of valuators to value sheep killed b{ a :fig or do,l. in the Tovm-hiLo Wellesiey, for the year 1935, now read a first and second time.â€"Carried. Proposed by J. A. Beggs and E. Huehn that Byâ€"Law number â€" for the appointment of poundâ€"keepers and fenceâ€"viewers, in the Towndfifip of Wellesley, for the year 1935, be read a first and second time.â€" Carried. orders, as follows:â€" Moved by E. Huehn, seconded by G. Lichty, that Byâ€"Law number â€" for the appointment of inspectors, in the Township of Wellesley, to enâ€" force the regufafions of the "Weed Control Act‘" (1927) be now read a first and second time.â€"Carried. been reduced $600.00. His opinion was that such lowering of assessâ€" ments should be deait with at the Court of Revision. This subject was fairly well discussed back and forâ€" it cannot carry on Its vital work. It is here that ] Pulls Modpey conntrnctive Stactte.) This peneds remedy restoren most eanatructi wu.%'m t:-"t the unh%t -.i" vitality : every ndthw.l’:fi-&s has a sufficient number MM”NIMQ.MMW'E& fled_haem in it cannot carry on Its vital work. It is h %.wmc,-flu wove Ith _ _ Go«t looks and ; ment with. 1f your creamed the red N;?meln and haemoglobin in her blood, conseâ€" mently she felt looked radiantly well. The ration that =mrto$ vhmwa:dm- was Dr. wfif.-' Pink l’m" ined nine pounds and her complexion glowed with rosy inlt?."fl:rnufi ':rndd out and she Ec--e positively pretty. The treatmentâ€"as shown by a second blood testâ€"had greatly inâ€" creamed the red corpuscles and haemoglobin in her blood, comseâ€" mmbh.l*l'r.:t nlm ...lr'“.m. J m:'m are râ€" t, _ m mâ€"fl. teated ons Aieepe ;‘gfi.’gfi’&mwfi"’m . PALE, PEPLESS GIRL BECAME PRETTY â€"AND WASN‘T SHE PLEASED! s dne en Deket qi raight »tbnopmery caty Bs h place ! lower still ln'ho-m:,hhn' , the red substance in the red corpuscies. She was given a 30â€"day treatment. And what a happy change took and Pdund Keepers Payment of Accounts __ Among the V’“.u were Mr. and Mro. John J. Wagner, Mr. and Mrs. Daniel Wagner, Mr. Henry Wz- ner, Nrs..vldentlno Wagner, . and Mrs, Adam huunoehflm, Mr. Peter Lather and others. N. Main, Mrs. C. Schmidt, Mrs. O. Kaufman, all of Kitchener, and Mrs. W. Schmidt of St. Jacobs. One child died in infancy. Mr. and Mrs. Huras have 28 grandchildren. No TN Sonin in ~b afitatin fln e atas sA The union was blessed with nine children, e‘lfht of whom are living. 'l'hefi are Mr. E. J. Huras, William A. Huras and E. D. Huras of Kitchâ€" ever, H. V. Huras of Windsor, Mrs. ___Mr. and Mrs. William Huras of Kitchener celebrated their gelden wedding anniversary on Sunday when they entertained the members of their fynn\ily. Prior to her mrfin&e Mrs. Huras was Miss Catherine Wagner, being born near Berlet‘s Corner in 1860. :(81's H“'Il:’:‘e was born in Wellesley x‘l-a 2. marriage took Fhe. the Lutheran Church at Wellesley in 3385. R,ev. Mr. K_c_mua_ officiating. I. E. McLoughry, Agricultural Representative, Waterloo County, Galt, Ont., came before this Board with reference to this council‘s share of payment towards defraying the expenses of conducting the school class at Linwood for a ter of twelve weeks. This council had agreed to pay a specified amount and also agreed to pay a small sum over and above the specified amount. Treasurer‘s Financial Statement. Japuar_y 1st, 1985, cash on Proposed by G. J. Voll and E. Huehn that this council do now adâ€" journ to meet again‘ at the Townâ€" ship Hall, Crosshill, on Monday, March 4th, 1935, 10 o‘clock in the forenoon. Golden Wedding of Mr. and Mrs. Wm. Huras Peter F. Schummer, Clerk. St. Clements, Feb. 6th, 1935. â€" Moved by J. A Beggs, seconded by G. Lichty, that committee rise and resume in apen council, and that Byâ€"Laws 1037 to 1040 inclusive as filled in, be read the third time and finally passed.â€"Carried. Instructions to Assessors. Moved by E. Huehn, seconded by G. J, Voll, that the assessors are hereby instructed to assess women by their husband given name inâ€" stead of their own given names, and that sons and daughters follow in family . rotation.â€"Carried. * , hand :..â€"smsrummorsccmnns $ 644.99 Receipts, January, 1935 .... 4918.71 Payments in January $4333.92 Outstanding account ........ $517.58 _ Byâ€"Law 1039, to appoint £onnd- keepers and fenceâ€"viewers, the folâ€" lowin: appointments were made: Poundâ€"keepers, Peter Lather, Stephâ€" en Scherrer, Eugene Koebel, Alfons Herrgott, Wm. Milner, Hunter Coote, Simon Friedman, Geo. Eidt, Ed. Miller, F. McGoey, and Cecil Hackett; fenceâ€"viewers, _ Oliver Heinz, 3. Jacobi, H. Diss, J. S. Hahn, W. Hamilton, E. M. Brenner, Alvin Ottman, Allan Glaister, Chas. Logel, John Heinbuch and Nelson Mcâ€" Faddin. es o C e e on the assessment roll for the year 1985. W. J. Hayes _ Byâ€"Law 1040, for the appointâ€" ment of Weed Inspector: Wm. Voll was the appointee named in said Byâ€"Law at a salary of 35 cents per hour while employed. 3-1..- 1037, to provide for exâ€" penditure on roads during the curâ€" superintendence, _ $11,500.00 for maintenance and repair. Byâ€"Law 1038, for the appoint dogs, the following names were written in said Byâ€"Law: L. A. Hartâ€" man, Simon Huber, Fred Schmidt and Martin Linehan. rent year 1935, the sum of $18,000 was inserted in said Byâ€"Law subâ€" divided as follows: $3,100.00 for road construction, $2,500.00 for Byâ€"Law 1038, for the n&poim- ment of valuators of sheep killed by Interest in the Dionne quintuplets proof that at heart the world is Mealed Colf Beef Roast â€" 1 1fh. I Beef Pot Roast 864 King St, W. â€" , $900.00 Loast 1 85 $5466.64 . 1139.12 for for for for Menno L. Weber Phone 161 r 5 ST. JACOBS Order your supply from us. We Guarantee Every Sack you buy. Its Quality is well known. It is the most popular flour used in our community. Muskrat Coats mag thasvo tor ..... 12900 American Broadtail All sizes. Conts Hudson Seal Coats Reduced toâ€" Buy With Confidence TAILS .. «P lbe. Handling and recommending reliable products and giving prompt and courteous attenâ€" tion. At your service. GOO%YEAR TIRES FROSTâ€"COP ANTIâ€"FREEZE King St. S. â€" Phone 612 Waterloo YE OLDE MILL SERVICE Arnold & Walsh, Props. Britishâ€"American Products NEVRâ€"NOX AUTOLENE _ GAS « OILS _. Recommeonds Why This Brodey Draimin Fur Co. 106 King Street West â€" KITCHENER â€" Phone 2030 C. H. GERMANN, Manager. b*" € "y aC6 Q‘&% %‘cht‘b\}é 2 i {3‘83' 0\;? x *vOF QQ. «6 &\ifio&pm I‘anate Black Caracul Coats Ask about Eusy Terms STEELE‘S§ Store & &« Fur Coats C« Selling Now 7 At Cost â€" â€" Moderate H. A. GERMANN NEW BROADCLOTHS, NEW DENIMS .............. NEW COTTONS .. 12’ NEW PRINTS ... L SPECIAL 72 Ladies‘ PRINT HOUSE DRESSES Fast colors. Each ... @1 MA U?b'uum&bdfih.. to to look these materials over beâ€" fore deing your SPRING BUYING NEW SHJRTINGS Phone 704 â€" $9 Frederick St. KITCHENER _© Prompt home delivery daily. May we serve you? Phone Kitchener 731 r 2 BRIDGEPORT BENDER BUSINESS REALTY CO. GRAND VIEW _ DAIRY + _WATERLOGO _ Opp. Post Office you faithfully for 24 years. . . k â€" Cream â€" Butter Eggsâ€" â€" Buttermilk A Complete Service. NESS . INDUSTRIAL FARM â€" â€" HOME PIECE GOODS This Week $ ~12%c * «. }Qq P 27¢ * 32Z2¢ â€" 19¢