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Sidllnr Rumba- ln- Wont-I In I..." I?“ I'll. - ...uc This“. Slowin- tu. Banwvntioal and all Information from In, Amt. “I 'on amount. Tuut. BAGGAGE CHECKED. Stopover- " all point- -te, col-g and recur-in; -M.eedtopte- irtiutiirr"."" v. ..... mu. “up. n...’ .Mie. Audra? Teet ot Galt and Mr. and Mrs. Fred Hobbs were Mitgtg Eunice 'eet of Pteaton liglrt Sunday visitors at the aim of itGisu9o ttt the home ot ir latter's father, Mr. m. iioiir-P,'2ey, Mrs. Wm.'l‘eet. blower of Preston. Russell Bonner of f,,',tiNga'.e'n Wilton Miller, Austin and Walter a few days with Jemme te. Mr. and Mrs. GprdoiRittiiiger of Kitchener were Sunday visitors at the home of Mr. and Mrs. AM. Pfeitrer. Mr. and Mrs. Grant Fisher of Preston were Sunday visitors at the home of the formee's father. Mr. Bumham Fisher. Mr. Richard Jones was a business visitor inA'r..esttr.? or? Maegan!- - Mr. and Hts. “James Wise of Hamiltbn were visitors at the home tl Mr. and Mrs. C. Hatt on Satur- Y. - -- - Mrs. Stewart Williams and fam- ily have moved their household 'Ate.ts to Preston where they will Preston Minuet (Bond-cu Service. Rev. H. G. Cleghorn of Preston giggded the ggItg It "ti Doon yuan-inn on an afternoon.. The service was ,r,,ts attended. Rev. C. Tilbury of Gait oonduct-‘ ed the service at the Doon Irnited, Church Sunday afternoon. The set-1 man was another in the series "The; Beginnings of the Christian} ghurch". taken from St. Marys) 6. Army m’ [iiiia%TGo Ito trainiFFi"'stTii;i;iaNiiiGta; G' tradesmen for all branches of army Munitions whammy division.' . ing may! mere-an: Haifa; 4. Alt Canadian in of 15.3%; Saint John, 12.4%; Hon- Commonwealth Air Plan. treal. 10.5%; Toronto, T.6%; Winni- whether their service overseas in a. 10.2%; Saskatoon, 12.1%; with Royal Canadian Air Force or Eifad'd 9.8%; Vancouver, 9.1%. Borel Air Force, will wear dis- 12. Contract: awarded 'ttinte tinctive Canadian uniform. ’week endéd January " b Depart- f.. Rectum needed in 1941 torment of Munitions and So 1y acme army: 40,000 to 00.000 iti7-liiiiriiriid 1m and totalled 't'd cording to wastage and -niesr.itu.m. . . Two hundred thousand additionali IS. William Percival. canard ml: tef wounen mun-ed during wsu,ptrMtettdtett Clarke_ SW1): MMI for" with: 3.3-3 much: away???“ &_15,319 men; td) Can-dz“: WESTERN CANADA SPECIAL BARGAIN EXCURSIONS GOING "a2riiilii'i'a'ic'ii?'iici','% Inclusive dunk} E Obrcum lot 1.“: (I) Pto- vmon MCanat1unairMiindri- to: were. service mm of puma eiEhiirifGihr"7'i7'"'iiiii'ii ”Plum (b) Plant at '6,01t0rptinn)r_tmining to ttftetsled,NsChmne mim- Now it is possible lot you to get on a motor coach here and travel comiortahly and conveniently to tlat,"', ol Canada. Your local Canada Coach Lines agent can y yon with tickets which will be honored on the entire Canadia- Naiional Railways System. Our motor coaches so direct to the C.N.ll. Dz: at Hamilton saving you tnnalerrlu and taxi fares. Travel new way all save time and money. For lnrther inhalation consult UNION nus TERMINAL - Phone 2.4m QANADIAN NATIONAL . _ ping?! annggtigno with cout." Le CANADA COACH UNIS - CAN. NAIIONAI. RAIlWAYS - NEW CO-ORDINATED A '"er a}!!! w Bus and Rail SGArice Ticld- mud. be purehlnd It Tlekot one" onlr -not on human. Any member " the Actlvo Service For" In unite-"n wlll be curried It ms- rate. Special Low Soldier Rate 1%e Per Mile (Mlnhnun I“) AUGiiioiUG- XII. "i'iii7tigr"c2r, _ IG; 10m SLEEPING CAI! It {um mm“, "" per mm. STANDARD sumo cm at (In. Jamal-Duly lie par -llo. Wthdtma " hu- manly "" " I‘ll. " In. In”... John (Gm-kl. m0 CANADA’S WAR limhtt mtAuuupnm~ ‘ “Duh-oh“ “an..-“ "tWA' ~d~.* “*6“. m mmmamm 'h-roqt4Ptrhttrigtar. "rgur, "MIttrAIt8r M. tett l, Miss Louise Goddard of Gait spent the week-end with her moth- er, Mrs. o. Goddard. _ Mia. Herb. 'Olheiser and son James of Parkway were visiting in, the village on Friday. I Tickets sold at depot only, not on coaches. Mrs. Fred Hobbs was a visitor in Gait on Maud”. Welland Bt. C“! weeks with hei sort' 7 ."'Wiiroriii, of Campbellville. Reg Waterloo. W -." '7 -'" Pte. Art Butt has returned to his (home in the village after new (tt month training " Knoll Fan-k. Kitchener. 1 Miss Mm Weaver of Galt spent Ittt. week-end " the home of her parents. Mr. and Mrs. Geo. Weaver. Mrs. Edwin Mitchell visited in Preston on Monday. Miss hum We of Kitchener gent the week-end at the home Mt Ind Mn: Joe Klnzie. _ Me. N. “you; 'tnsgetttrtteet to Pte. Wm highs returned to sr,,tt'griMt"2'l1,,1tr',5tii.gpet- mg non train a 'i'dle',iiiiAi,iri,', (iili,'iteiii'r,';',','l,' t tanley ones un a the home of Bert Tlull',',',',')', of Pink and Kay Jones were visiting at the home of Mrs. Ross Brighton, on Sunday. Mr. Chas. Reader was visiting in My“ Emu”: " - _ Low Week End fttrtheftmttenmmtthaoftheeur- “Mmhn I...“ ‘lmtnmlm.hthecndotJmuâ€"illflhn email!“ 'tgi/ttltd/tPte',,',:,"",':,'.'.-.!,'.),'-'. . Mm with $134,500,000 tor the cone- “I“ thud"- mdln‘ new of the """'"'Mtutucgi2ttgigeyiiidS5t. our. magnum null-m." C,lhy,iiiireas, diver-Ion '.1,cgiWft'tNL"ttt,'dt'atti2ift-. 'tt peace-ttme industry_ war“ In. _rre,dttttie indicated. Chande-over Ion! 8L._Im In“. 'igiiitiiifiliuur- t of Do) minion ttrtdttt on mo tm comeyieldcd mom. Thiam- 'tr-ttsit-tgt-items-ttse 1o2,ttthttte,,tgtgt'itp2,t 'eEttaBin-titsiAtitiitiir l. Dam (i, IrurGFakrGiG, u Oman-u may to My Return to I" Jkt',',')', spent Sunday with Mrs. Id- riexer In Kitchener. Mama: Reinhart of Kitchener :Pent Sunday with her father. '"raie,utet,lt',) w tert t e o a oo the_ 'eek-erWrtth, her [rum Mr. and Mrs. Gordon Shy and family. Mrs. M. Heckmdorn gent Sunday with Mr. and Mrs. ar- ms: "keeéonun Fe1tsh. _ Mr. AkfMGrrGri; -ieAcier and érchie and Mr. and Mrs. Arthur am; mi» Gif fdtE"tiiGta"iFiiW, Olive Herioit"iiilrGeturned home after spending a few days with her finer, Mrs. P. J, Bruder in Wam- oo. Mr. and Mrs. Leander Bellman, Irene, Dorothy and Mary. Mr. and Mrs. Joe Kunda of Kitchener t gummy at the Charles Being"! ome. Mr. and Mrs. 8am Cream": and Phyilsn spent Suhday with Mr. and Mry, Albert Schmidt Attend mun-:3 Mr. and Mrs. 0mm Bauman attended the golden wedding ttttni- vemry of the former', parentIhMr. and Mrs. Anthony Bauman of en Montrose on Sammy. Mr. Joe K. Swartaentruber of Victoriaburg visited recently with‘ Mr. and Mrs. Emmanuel Swam- trubet. Miss Doris Winner visited recent- st, with Mines Esther and Inn wartaentruber. Mr. and Mrs. Wellington Becker angl Mr. and Mrs. Herman Vohs and lit. and Mrs. Albert (magnum and ‘Mr. Owen Otto, and son 0mm of South-West Wilmot and Mm. C. R. Powers of Cttrstaim, AIM. were recent visitors with Mr. and Mm. Amos Otto. Miss Grace Jantxi spent Wednes- day’ eveninge with um Esther Swartzentru r. SHANTZ STATION Mr. and Mrs. Aaron Boahnrt and family spent Sunday with Mr. and Mrs. Clan-gm Miner near Kitchen- er. _ Sunday visitors with Mr. and Mrs. Edward Wilmer were Mr. and Mrs. Henry Becker and Mr. and Em‘Vefnon Winner and family of ou lima _ te a b rd Based thro here on &%'y 'fSt'l"'te roads were bl but they are now all open again. _ - ""e ---_eee- -- _.......... planes, boomin inns, the sky bril- liantly lit up y 'rtgt'let and 'i','gte,igig2,thr,'1; and shak- ing foun tions of the house, were bits of vivid description entered in the letter to portray that intensive aerial raid which took plane re: 'g,1flu'.ver his area. at Sheldon; High tribute wagon! Canada by tt written He. no ted out that ' on. on in Canada. are doing a ttne is: flgree you are not in ‘the nt line . e ourselves, you wouldbejustupreparedto‘take it' as At are, ttttlustre,' to you." e paragrap c in r. trayal of the t in] staunch 'gulls, Tt)'t'llllylltp'e%fll to friends and relatives in Cttnada-"don't WW {about mg. ‘Let us hope that 1941 ___- bring wary Gii%Uiirirui; iiir. The writer believes that “we are all getting very callous and are just prepared to take pot luck". indi- cating that repetition of aerial raids itt'gtt'rr,/'trtt1e'1tNuttt intended by 'tler. The British, tttet have hardened themselves‘ 1to such treatment. where it was in-i iteuded to gradually break down their morale and reduce them to f'easy prey". _ Without complaint or expression of fear. the writer tells of the eventful night when the cap " a shell dropped through the roof of his home' and landed on his bed during an air ma. trprtunatetr." he observes with calm. he “was not let to receive It: Zoo-m British l’eople Surf Hitler “Will Never Conquer Britain last (nun-I'm.) 3!...“ go bu - Br I!" Helen thmrtneattrraer (Gin-ale!- Commit-0 I, In. K. A. In“! (ambl- arr-mutant) 80 sun. Utter ryxtaiieraiGri'i'ai'"isd my I. Kittie-sand [and To 'hr.NrmeieF, Utter Pttetrims no "ttr.. Spirit of Britain. --- l------....-..-.., PINE HILL aes F“! b” tat, Beah'iqi' '.- "_',." _". - I it; Pwr .. magma" " ?'tirit.'llS h" . " t F Aeiht i,.llll,.i,ti,'iliiiit.:l.i “an... hmistail48,000,ag In Two War Loans 1 V Mia. Olive Simpson spent last week-end with her parents mu Stratford. Mr. Clayton Ouch of Kitchener agent but Sand” with his parent- re. Mr. and Mm. Elmer Schuman- truber Ind but] Fern and Mr. Ind Mn John he]. a New Hamburg mmmdlrJnd Mn. Eli khan teGUS 'Giro-tGaruda " Mrs. Menno Roth and Mn. Henry 1ro.t1 lpem I day with Mm. Chalet Maid-g We}: Tiliiirifar, WG Jessie ammond in Kltchener. f,tet'tt1tee,rre,d "Gem" LiiriieC my; Linwood on Sunday. Schnarr of St. Clement: and cg: olmen moving his hometo- - Mon when a house was burned a number of yen-l Mo. Mrs. Footer. Laura. Mr. and In. le Rennitrtstted " the homes of 'h,,',tu,dat G d trhgfr home to span week-g: a . News Cam? ll Shanta. Thou. and Richard B "Nazism and Ed- ttf, le new hack the in T3"- np we r- onto Saturday "can: Mr. August mm: is I patient in the Pteeitort tianAtltriurit, having been admitted last Thursday. "!!hl_-'l Flog-e - __ I r and ari and up” All i med Tted Cross. Major Watson has been making a tour of the diluent branches In Ontario. and does this work volun- tarily, as do many other workers tttttmah the proving-'- . A - _ tte7KGR6G Giitiient wo'rh be- in; done" for ".5113 Cm. tuotew, week, " the packing' “ottoman. lay Park. When they are received. the signature of the mceiver and that of a German Meet is made upon the cord which was placed in each box and returned. _ I he Gt.phgtit, box who: cked . pus eartagean gal/hoot $1823 lichen In the. or attend!» tucked box of nutrition: ',2t,t' point? outltise foroniireek. I contains Jit,ted, box of pilot bir‘ cult. ttp of hauled, that butter, gun 'wal set to Canidiiltiid was asking that 10,010 food bones be sent each week, as there are 'lk-, 000 aiming: iriterned. JP, IT) gran an vo unteer wo - tpeek, you. boy.es a (by. 5 day! 'i) Mr. truncate landwhereeaoldier Inklhe “manned Chit tht Ir.estitmthm it was 'n%2fit,t'fgftd,the,,tia 1'2,1'ltAgTthPLtt'gi, mttt - resting ttttage/dc-aio-i/tii-eh-tie" 1ie1t1trritttwastttefooatsorrid4r" British sl',t'r,',gtgpgg i,hiti-, many. eexphdned was being fed to them, such as ttotanerdophe-at,iretieait potatoes and cabbage. to which they are not g'ghelgtur,', was t'rhW,teVitrggl, diet, gt,',':', t vent-cans yea-3' time. Wren; coping ottter"ihGiairatG' "i'i '.ll',rtre'8lhttu"l'ltt?eaA'tltt the 1S.tmyitheofethepmvina NtyttrairedthetnrgestimirkiiiGi Money in various warmth” 'etr'"i'ttr'-e'ctkierari ‘Oneofthequestiomukedcon- t1'i'n1rtt'i"2'i,tt,'le'hPtgiteit trurRedCtmssoeV Hemp thattaremtrdoftg6tt.t-ireaii fettytryetewh9fttneriieiita articles [ping offered tor sale or in. ampty trdlt,tjjjffit Gia after of the work of ithiiiEet outlined in" all in details will feel like “digging dawn tt1ituedeeper"whertttmiat%iic was is made. The speaker nid‘ the timedthe nextunva-w hang be cone; sooner than en- in e ite as it ency tiei emery work dc grilled“ 222'f'T, township very , v y money- with: Freya; tli,d 31mm m war there felt they were 'it't1ttiiiErlt'ii,ii,ti'iiithifili' ottheRed outlinedinallm dtt.a9eintieJiire"ttidiitiiiriiaa tt1ituedeeper"whertttmiat%iic gm}: uncle The speaker laid tePtitiveydiiiEiiafiHiirNi%i, 'ddr-meat-digit-ewes".': tt'etgr2lt,rgtcsfig2lrhEiis tAeimattiiruu,AuiiiAur" - noon. Owlnatolkday My theattindinee f,gleeE The who_weurthere felt they were _ CRUSSHILL " (has (ttil Tom Society JOSEPHSBURG CikknraA"I' Tl'%rrglN"llrg *i"-a"li-.---aa-ts-- 1Al'ri'ii'iiiiiii5'?l'ii “Ltmmmxauh but ado-mu 'mmr--aar-eae-urwgro-vas.a,aa, (iii'hkRtiiititiiltitlii, p... a" ah-.. " can-Inc Wu emu Gun-nu... War when of ptatiee of the Re a"? Chm Gi%ii7iiuFiife" _Iy I!“ Clan Mb Hebfd id, In 'table' for a 1"'tp'gt,'5 Referring to predictions of in- futton Mr. McCulloch ranted out that hGiGiiii;i in t e general level of commodity prices and in the purchasing velue of the dollar have nlwaye occurred. "If the placing of an adequate amount of life insurance were poctpfned until one could be ensured the the pur- tPfdt power if the dollar would - 'tal le for a long period. men! it to the limit of his ability. How- ever, he cautioned life insurance policyholders against cancele their life insurance in order to in- crease their purchases of War Savings Certureates. "Life insur- ance policies should be maintained at all costs." he said. "Every Cana- dian should have sutrteUnt protec- tion' for " dependents and provi- Mon for " old lit and knowing that premiums pa d to life insur- ance companies are in large part. and will continue to be, invested in Government War Loans he should have no hesitation in maintaining and purchasing life insurance. The (tlt g life harm trg not con- ct n any way e purposes and ob eetives of the War Savings Campa which aims mainly at diverting into savings channels the higher earnings resulting hom in- creased lumine- activity and from the huge Governmen expendi- tures." the War Savings Committee, and to the assistance that Is being ten. dered to the Committee by life underwriters throughout Canada in Connection with the Payroll Savings Plan. He emphasized again the import- ance of war savings and the neces- sity for eyery Canadian to share in Mr. McCulloch referred to the contribution that the General Man- Mer, Mr. W. H. Somervllle in mak- gpg‘ e. Joly Nation}! Chaim“: of mun-u In "use two WI! 10m. and continued: “Thus every policy- '4teerdo,'utth'ihft,trtt, “mu. m m: e en of premiums he is 'ld'lU'TXll g'g'g."'"r'?t 'gut',,; 'ill IN".', 'IL' o en Dominion Pt, been l't 'peg,', successfully we tir, wu- can: on a very economical terest but. While the interest return is low the security is good and it is manifestly In the interest of this country and of our policyholders as citizens that interest totes should. for the pre- 'l',',','hctr maintained at moderate eve " weanny corporation. but a trustee {at 2fdgrtg,'f,t I',",",',",',,',",',',',",',',', of e m “my " t e num- ber of Canadian citizens. ”I Subscription to the Phat and 'tee.! Canadian»)? Loans It - M, w - ~.............e... period attu- the war may be met with the minimum dislocation in our e9rnomirts,tmeture. Mr. Me- Culloch emphasized that a life in- surance company such as Jhe Mutytt1LifeinoiuGGitG"ii 1ttalhr corporation. but ' trustee ttet and may be likened to a terermrtr tn which the savings ot, ';tAe_yy-eoCettiiisrrtiririi-itTeuii blather for investment and con. served for !.1istrtttuuqn when re- united. By.AtstereteiiaiiruiiC meat of thrift the Me insurance 'tl',',',"','?,'."',?,,,',',",',',': te, thetgoundea n or mfen gm; Cann- 1t'l,'i'logiihhgp1,iiiiSiiiiirii,it " 80 phoeecu no then! 'PtVhetttitheredtottte fully} extent, spa the inevitable In the%iihdiaii Gi%iii "(WWW “I 'g year: a continuous ma com: emu hats been made by them to in- Ct .. that education In Ayesitmtednesi they '!i,iiiiiii'iiiii'ii1tili l'tui',iil can: caving: as: nat waste. _ _ Mt McCulloch Emma mat that the institution of e insurance is P?t.tpaeator hut , elteyervattor of anth AAiiriGiaiirGi;iir Eco}: mare and mote quoting“ and: an every Canadian amen mus bear his share-o! the burden." Mr. McCulloeh referred to the important role being f,g,thlg, life insurance companies the talent Eilit 93.3222 Put thet 'th",' m1 “The Itarviyiiotyemoemerae- ptn#notontrmttttGG and cam-tinne- of the armed Mt tth2tr,ttr",tta,tEf,ei2'ieiEt' f?anntti-tea.thkeaieFiiiiTiiiretiie' 'umtortoftheNa .AnnyandAn- Force.” ku'll'll'lTd R. o. Me. SYleeAA'tteeittifjtsrcibiiiF, wmwwmml‘lln t',tuit?.dii,t war I " l "td,t'tttetGka%eiiiGGirriii: tatt? gg,',, 2ff,Eiii'i,cg a . en contracts amounted to tfag,'i'lt.' mm minus mama out that they an may tqreeder service radium iriiGi my: Termination: horn Heaths, ma- tured endowments, surrendered l Additions, to the Amnnee Ac- _r,iiiiiii,ii,iiid 7an'ttlt' “W ‘ w ' we new assurance- paid tor; 't'l','l'sllj5't poli- cies revived and $122,635 bonus additions. or the new assurance: paid for $7,281,052 was group insur- ance issue and Increased an 338,-; 384013 was new insurance issued under 18,050 ordinary policies. " 8mm, Ontario, who was clam-d to the Baud oi Dim»! The “M Life Mm Company of M a the Amt-l Meeting " Ch Wr- Iold.“ Wnurloo Account; together wythitiii iUiGiG Sheeto 't,fe,'nt,t'/pgPe'ear ended December lat, 1940. Your Directors have gleam-e in Dreaming the Seventy- Com- bined Ptxttit and In“ and Surplus Ami", tmrelher with the Balance Report of the Board of Directors Rankin, in a gain in Assurance in Farce o $13,908,860. to a total of $586,019,392. In addition, Annuity Contracts in force provide for fu- ture annual payments of $2,811,081.\ The volume of new Insurance issued and revived was $49,188,728, 9995!“; annuit.iet, and Mini; j The gate climate“ earned on invested asset. in 1940 was 4.81%. Policy proceeds, dividends and other amounts left on deposit with the Company increased $2,068,839 to $23,800,510, indium); eontMenee in the company's 1t','fSi','rQ and an 1i,',gtit,'t2s'i'gitt,liet',', the value of life lance measured by the income it will provide. let the Wharton of Govern- (ment Bond Investments. Harte} ‘vulue of bonds and stocks exceeded theyook value R, $6.1m. An jncreue in City tNr, Invest- ments was accounted r by loans made under the National Pele Act. which now total 1766 loans for $4,159,365. _ I Assets increased bi iitstais to total of $100,005,418. WI increase was mainly in holdings of '2ovem, an: ving I _ dee, fe.1tfttRf.' gulrh'rdiUrf {aided the General Investment Re ‘Ierve and Wee Surplus for Cou- tAteeititteineriasedbrt6i6,- 961 to $0,458,560 after lemming and-110mm tt'atstl,ghf" chin? I. Mortality arising as I tflatAt1'gu'srguf,ialhi, comm “1!“me 1 Meg-one claims for a'todtifot $17, .,NatdeathetaimsintiHtt were “Mum. which were mo.- oottiehertttutherrrevi9usbedi. (Reviews Progress 1 Surplu- E-nl-a 84,003,583: _ latest Earned 4.61%. The General Manager, Mr. W. H. 2i',',rgiheat',e,t'gd, In ffi,thlltt, in the more important items of the PtMt and Lou Account and the Balzac: Sheet of the Comm. Mt 5.925399, WHERE”?! tAarpius Eirn iniii "df"ti,isiti,Fii,G%ii'ii%'r-" tttie"d"'& General Investment Re General Manager u tounded’lome seventy-one beaii attofnthiremmtmiriiiuridfti ,eryfeegwfthestttattistorgeutiatiii BFPPJW 'tFGiiiriitiiudiiii GTiiitWi NEW DIRECTOR W. B. Powell In addition to the directors who were re-elected the following are members of the board: G. Blair Gordon, Montreal. W. G. Murrin. VIncouver. (gr. Oder WC., ro- ronto but: tblatdo KC, LCD. Winnipeg. C. P. Sine. Montreal. Gig W. H. Somerville, Winn-ho, Ont. ( At a meeting of the board held t'lrit'..e'P, to the annuui meet- ing, r. R. o. McCulloch was re- elected President, Mr. L. L. La , Fist Vice-President, and Hon. s"t.'8. Mewburn, WC.. C.M.G., 2nd Vice- President. The retiring members of the board, Messrs. C. H. Hanson, Chat- tt','h 'i, "At.""',': Tor:mto.JJ. t! u oe . ., oron o . . Fraser. Halifax, and J. E. hen-alt. Arttuttmsrka, Qua, were melecud. Pollowhig the death of Mr. T. A. Russell. r. w. B. Powell of Humllton was elected to the Bond of Directors. son J. Y. rMutdoer0.iriraera'rd J. k Pemult. RespeetN1ly submitted on be- half of the Board, " Is with dale: regret that your Directors reco the pulling on December 29th, 1940. of their valued colleague, Mr. T. A. Russell. who served as a Director since his appointment to the Board on Janu- pr, "nd, 1928. A: one of Canada's outstanding citizens his counselwill be greatly missed. To M the va- cancy on the Board the Directors have elected Mr. W. B. Powell for the balance of Mr. Russell's un- expired term. The members ot the Board re- tiring this "year by rotation are Messrs. AC, . Jhtuen,_hr, G. Rrat.. DIRECTORS ARE IRE-ELECTED fl,“ ..--- ---....... “on...“ loans made during the year were also audited. ' The Auditor's Report and the Reportot the Act on the valua- tion of the 'dri'l2'afll1 assurance and annuity contracts are sub- mitted herewith. The Board again desire: to record its appreciation of the highly satis- factory manner in which the work of the Company has been carried on by the OtBeers and Butt in the Field and at Head once. pnny'a books and accounts own maintained by the Auditor; throughout the year and at the end of tile year {all gGu7GG7GGkr. funds aggro ated ttr,5iEsiaTiiii increase of tllltuh' Policy reserves, as minted on the basis set forth in the etuVtt Valuation Report, amounted to $153,107.00400. t 1rPtii1_Irte, = we!“ sasiumlus of M'bom' N" -- Tiiii'ara ."--'- Gi 3133: may»); 'll', {pm of $3.968.- The ate of interest earned on net ledger assets was 4.61%. 'sitirtEsiii.7iir" iriAra Gum}; !i'i'iiii'lii"'r",,iifii?it!s, $3.: Ir 93.323333". was paid or allotted service" Er Swarm"? aiGii,"iird thtstdof-neeuenianduiaGG tuna 'iata'i'llTh,t,'t',t, A er . gen- tirat surplus fund: '10 made" to establish the accident Ind sickle“ m'flli.fMUf1'r,'l,Mll', 'tyyyetittyotvintr_atGikifireitaii of8Q,896.9tt were butt, Et-at-trt-tam. in ordinary annult contract were issued and 'Ill,','?,','." providing for future annual Plyments to an- nuitlnu of 31.34309. . Group um contracts. and ipiseased, provide (or t,tie annual payments of $240,006. e The total annuity contract; in tore: will provide for annual my, menu to stimulants of $3,811,081.31. an Increase of $212,126.“. Wanda and other causes am Giiiii mm. I The ','ftget,'l t wrmthn 'g'Nt: lulu-cu one - 900.300. to I tout of thlg2,llr, excluding summits. A .eonyneous au_dit ot the Com- A.ttht.tcloreoftherearttetymets ttgt,'.'.".",',?'?.',,':,',':':,'),,",'.:::,-, 0mm Candi. who nddrmmd thu thq Seventy-Fin “gloating“ Wm 475 mm "utmtttutEM . new“ LIFE " “III” Gr-raesikatanat-a. R, o. McCULLOCH. President. name-nun. tor than“: to}