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Ang again. sanitary conditions are not always of the highest order in the small laying house. Unless special care of exercised, clay or even wood floors are mot satisfacâ€" tory. _ Even with cement foors. proper precautions must be taken to keep everything clean. Dirty floors, damp floors, the absence of suitable feeders, and water conâ€" tainers, and overcrowding, all gonâ€" tribute to lack of sanitation. With these conditions remedied, there is likely to be a decided improvement in the general kealth of the flock, Sanitary Conditions No Time Like The Present _ To Clean Your Seed Grain 3. Donald Gordon, Deputy Govâ€" ernor, Bank of Canada, appointed chairman of Wartime Prices Board. Mr. Gordon will be directing head of price ceiling policy which goes into effect December 1. Hector Mcâ€" Kinnon, present Board Chairman, continues as member of the Board and takes on new duties as presiâ€" dent of a commodity prices stabiâ€" 2. Canadian force, under comâ€" mand of Brig. J. K. Lawson, arâ€" rives in Hong Kong. With other units of His Majesty‘s forces they will make up the Honk Kong garriâ€" son. Further large contingent of Canadian soldiers and â€" airmen arrives in Great Britain. A Weekly Review of Developments on the Home Front 1. Increases announced in allowâ€" ances to families of men in Canâ€" ada‘s armed forces and in special cases to dependent mothers and war veterans, with creation of war allowance adjustment fund out of which special cases of hardship may be met. Total cost estimated at from $8,000,000 to $9,000,0000 a year. Sound Business Italian prisoners of war in Britain are using their small allowances to purchase British Victory Bonds. Now, that is a sign of intelligence.â€" wecceel! Canl P : Hamilton Spectator. An Interesting Picture o It has been observed that here is something about this grim conflict tnat appeals to the imagination: A great British army, completely equipped, marching across & burning African desert in search of the enemyâ€"and eager to meet him. Yet in serving himself, the Canadian citizen who participates in the present war savings campaign is also serving his fellow Canadians. The weapons which war savings money buys are vital to the new crop of Canadian youths who, in their turn, are standing ready to protect mothers, sisters and fathers as did the young men of another generation. Canadians will not let their soldier sons down. In the spirit of Armistice Day and Christmas Day, the war weapons campaign should be highly successful. | It seems fitting then that the last days of the War Weapons Camâ€" paign should extend into this period of the year when Canadians perâ€" haps see a little clearer the duty which one man owes to his fellowman. The subscriber to war savings certificates is not a giver, of course. Essentially he is doing himself a fine service in the fact that he is building up future personal security and getting good interest on his money. The closing of the calendar year leads most Canadians away from themselves. On December 25 old and young are brought face to face with the truth that giving is better than receiving. And if that Frenchman could read our newspapers today, showing pressure groups each demanding things be done for them instead of for our country, wouldn‘t he say to American business men, politicians, soldiers and workmenâ€""If you knew the horrible penalty your action is bound to bring, you‘d bury your differences now before they bury you; you‘d work for your country as you never worked before, EP FoF 100 o ooo DWt Oe WNCen s Rem NOme MOCCT PORND TTR es and wait for your private ambitions until your country is safe. Look at me . . . I worked too little and too late." What does that Frenchmanâ€"soldier, workman, politictan or busiâ€" ness manâ€"think today? Probably it‘s something like thisâ€""I wish I hadboenleugmdyformynltandmmvanflomtormycmmtry; lwishlhadndindyouadtbeuoaldwminodinvnderbya quarreling, disunited people at home; I wish I had been willing to give in bn some of my rights to other Frenchmen instead of giving up all of them to a foreigner; I wish I had raelized other Frenchmen had rights, too; I wish I had known that patriotism is work, not talk, giving, not getting." does he thinkâ€" " â€"-ummmummmwwmmwm past, § â€"as he works 53 hours a week for 30 hours‘ pay, , â€"asheseesnntndeuniomouthwedandallthe“ruhu"tor whichhesacrinoedhiscountrylnmpledbyhjstordummm, â€"ubeseeshiswile(ohun(ryandhischudnnhennbfim wWONDER WHAT A FRENCHMAN THE WATERLOO CHRONICLE The Waterico Chronicle, Waterlico County‘s oldest m e ieane paiare hok m Waterioo, CY'â€"', Friday. is a m the Ontlmm" Association. DAVID BEAN & SONS LIMITED Owners and Publishers CANADA‘S WAR EFFORT (Reprinted from an advertisement of the Warner & Swasey Co., appearing in Business Week Magazine) $1.00 per yesr in NOTE AND COMMENT FRIDAY, NOVEMBER 28, 1941 THINKING OF OTHERS Cuneda. Single copics 3 cents. with a consequent reduction mortality seed purposes During the past year these 90 plants cleaned 1,008,713 bushels of seed grain, and 4,324,754 J)ound: grass seeds for farmers. In addition, plant owners purchased 150,575 bushels grain and sold them for I Mn e n ue Mr. MacLeod and his assistants inspect these plants at least once a year. They are equipped with modern machinery for scouring, cleaning, grading and separating of seed and are prepared to give prompt service, he says. _ _The first step in maximum crop yields is good, clean and wellâ€" graded seed and that step can be taken right now. Ordinarily this is the slack season of the year for the 90 modern seed cleaning plants conveniently located through the province and they will have time to give the best of service to farmâ€" ers wishing to have their seed grain for 1942 pu't in shage for planting. 7. Parliament adjourns till January 21. Under the adjournâ€" ment motion, House may be called earlier if public interest demands. NO EenNSbGLal" ts tnt ioi lfi Andadit dudade d A year ago, Canadian exports to Russia were practically nil. 6. Strike affecting approximateâ€" ly 3,800 men declared at eight Kl_{k&nd Lake (Ont.) gold mines. 5. Reflecting the commencement of substantial Canadian aid to Russia, Dominion Bureau of Statisâ€" tics re%orts October exports to §oviet ussia totalling $1,035,000. 4. Humphrey Mitchellf Chairâ€" man of Industrial Disputes Inquiry Commission, appointed Chairman of National War Labor Board. Reâ€" mainder of Board consists of five representatives of employers and five of employees. J lization corporation now being orâ€" ‘Eanized. Four new members of Board appointed: L. D. Wilgress, Deputy Minister of Trade and Commerce; Dr. Bryce M. Stewart, Deputy Minister of Labor; J. G. Bouchard, Assistant Deputy Minisâ€" ter of Agriculture; Walter L. Gorâ€" don, special assistant to Dr. W. C.‘ Clark, Deputy Minister of Finance. PAYABLE IN ADVANCE By far the most important item in the bank‘s quickly available assets is, of course, its holdings of gvmment and other bonds and bentures. _ These amount tg ggq,g_co,ooo. compared with $461,â€" | _A significant decrease is to be noted in advances to provincial and municipal governments, inâ€" cluding school districts, which last vear stood at $35,313,000. The 1941 figure is $28,964,000. It is believed that the reduction reflects improveâ€" ment in provincial and municipal government finances. High Liquidity ; _ As a whole, however, with the advance in commercial loans, there is a sizeable increase in the bank‘s loaning business. Notwithstanding this expansion, the statement reâ€" flects no impairment in the bank‘s liquidity, for quickly available reâ€"‘ sources amounting to $705,662,000 are equal to 73% of all liabilities to the public. Last year these | assets amounted to $663,185,000, equalling 75% of public liabilities. _ Commercial loans, including adâ€" vances to manufacturers, farmers, merchants and others, have inâ€" creased substantially, being 18 per cent above the 1940 figure. In Canada these loans amount to $254,427,000, compared with $218,â€" 759,000 a year ago; the comparable figures for commercial loans abroad are $21,271,000 and $14,801,000. Call loans, both at home and abroad, show a drop, as was to be expectedâ€"the 1941 figure of $20,â€" 041,000 being down by more than four million dollars. | Indicative of the extent to |which the Bank of Montreal is |participating in Canada‘s war |effort is the large assets figure of $1,046,551,479 shown in the instiâ€" |tution‘s annual statement, just |issued,â€"a figure which is the highest shown in any annual stateâ€" ment of this 124â€"yearâ€"old organâ€" _ization. Important increases are _also found in deposits and loansâ€" ‘the former at $928,387,889 also {constituting a record at the close of a financial year. With high liquid condition, substantial cash reserves and large holdings of highâ€"grade securities, the report reflects the characteristic strength of the bank |and gives ample evidence of its ability to meet the even greater ‘demands that may be made upon it ‘as a result of the war. The statement, which is for the twelve months ended October 31, is set out in its customary "easily understandable" form, the various items of the balance sheet being accompanied by explanatory nota-“ tions. * PROFITS STATIONARY â€" EQUAL 4.51% ON SHAREâ€"; HOLDERS‘ EQUITY i 124th Annual Report Shows High Liquidity. â€" Resources AtJ $1,046,000,000 Setting New High Mark For Yearâ€"End Statement. â€" Commercial Loans Rise 18%. â€" Deposits! Up $79,000,000 Stand At $928,000,000. | |and women. Today, it is producing|spection rtments of some of |in 24 hours, more nmmunftion than | these ftctgfi: remind one of huge |in a whole month during the last| wood yards. Hundreds of thousands war. More than a score of large|of these shells are produced Caily. ‘|buildings comprise the three main Tall thin ones to feed the antiâ€" |plants. One of these is situated in |aircraft guns, short stubby fat ones |the country fifteen miles from the|for field guns, ponderous looking city, and a special train makes a|shells for the guns of the British |round trip three times a day carryâ€"| Navy. |ing 1,500 men and women to work| Most of the plants had to swi.n’ ‘|on their respective shifts. over from domestic production 0: | The Dominion Arsenal is considâ€" one kind or another. In some cases jered the finest plant of its type on|the existing machinery and tools |the North American continent. Not| were adaptable to the making of only is it equi?nped with the very|shells. In many cases, however, latest in machines and tools, but|extensions had to be built and new the safety devices, and working machine tools installed before proâ€" conditions are the best possible. duction could commence. Now the Cartridge cases and bullets are| Canadian shell industry is getting produced from the raw material.|iNto its full stride. The men attending the great cruâ€"|, When we cohsider that a certain cibles have to wear shoes with| tYPe Of antiâ€"aircraft gun now being wooden soles an inch thick to proâ€" made in this country can tlre shells tect their feet from the heat. The|at the rate of 160 per minute, we metal for shell cases is poured into| D°EiN to realize the tlemendousl \moulds, and when cooled is drawn|Dumber of shells necessary to feed out until it is just the fraction of| 2!! of the guns used by our army, an inch in thickness, and nearly|@irâ€"force and navy. | forty feet in lergth. The long| A lot of work goes into the makâ€" springâ€"like coil of brass is then fed|ing of a shell. Exacting work it is, into a punching machine, from|for every shell has to be perfect. which thimbleâ€"like cups are punchâ€"| Out of every lot of 500 d'xefii proâ€" ed out. These are the beginning of| duced, four are sent to the proving cartrideg cases. They pass through|grounds. The record of one factory, forty operations until the comâ€"<|which is typical of practically all pleted cases are produced. those producing shells, is that there After the cartridge cases are| have been no rejects from the completed, they are passed on to PYOVing grounds. Every shell is another plant, where the propelâ€"|Checked by Government inspectors lant is put in, the cap fitted, and|for inaccuracies of any sort, and the metal bullets clamped into|this factory has a record for the' place. This plant where the high|PaSst year of less than .01 per cent explosives are handled, is one of "€lected by these inspectors. extraordinary quietness, and cleanâ€"| Shell manufacture usually folâ€" liness. Everybody wears special\lows what is caled straight line | rubber shoes, and when walking|production. In other words, the ; about the building, every now and|rough forging starts at one end of again, one touches a metal plate‘the production line, and at the set in the wall to ground himself other end, after a series of proâ€" so that there may be no static cesses, emerges a finished product. generated. | _ ‘The rough forging of a shell to Situated close to this plant is the|be used in a 25 pound field gun, proving ground. Here it is that weighs 29 to 30 pounds mean guns made in Canada, using shells weight. After passing through the the size of a half inch and over, are various operations necessary to proved. Not only are Canadianâ€" turn the forging into a finished made guns proved here, but guns shell case, the weight has been from the American arsenals as reduced to 20 pounds, 10 ounces, well. The proving ground is operâ€" 5 grams. Bank of Montreal Issues r Strong Statement With Assets â€" * Over Billion Dollar M employed five to six hundred men fence of Canada, but instead of beâ€" ing the shelter from which guns are fired, it has become one center in which ammunition for the Canaâ€" During the last war, this arsenal Situated in the heart of Old Canada is a fine old stone building, dating back to the eighteenth cenâ€" tury. The walls are five feet thick, and from this building, the deâ€" fenders of New France took their stand agrinst the enemy. For the pflmm“normthh-u bui.ld.i:’ been used in the deâ€" fonna Psnada hnt inctond af ko plants where amamunition and shells are being m:dnmd. The mother of them all however, is the By C. Earl Rice, form@rly of the Springficid Times, Lac Du Bonnet, The Dominion Arsendl 6 6 ‘Canada at War‘ â€" 3â€"DOMINION‘S GROWING SHELL THE WATERLOO ( !N Profite Resources Depositeâ€"â€" _ In Canada _ Elsewhere Govt. and Other Bonds Commercial Loan aâ€" In Canada Elsewhere Prov. & Munic Loans Calt Loans In Canada Elsewhere Capital, Surâ€" plus, . Undivâ€" ided _ Profits and _Reserves _ for Dividends Resounrces Liquid Total Following are comparative figâ€" ures covering the more important items in the statement: 1941 1940 _ After deducting dividend payâ€" ments of $2,880,000 and an approâ€" priation for banls premises of $500,000, the balance remaining stands at $57,026, which added to the amount in Profit and Loss Account brings the balance carried £2:ward in this account to $1,153,â€" Profits for the twelve months reâ€" main practically stationary. After making provision for bad and doubtful debts and after deducting Dominion Government taxes amounting to $2,242,905, the profit figure stands at $3.437,026, comâ€" pared with $3,435,941 for 1940, and is eaual to 4.51 per cent on the shareholders‘ equity, as against 4.5 per cent last year. With total assets amounting to $1,046,551,479 and public liabilities standing at $969,645,608, the excess of resources over liabilities, which represents the shareholders‘ inâ€" terest in the bank, amounts to $76,905,870. This amount comprises the capital, the reserve fund, the Profit and Loss Account and reâ€" serves for dividends, over which all liabilities to the public take precedence. Profits Stationary 1 ‘ In Canada, the bank‘s deposits have risen from $731,081,000 to the ; record figure of $809,110,000, whfle“ abroad a small increase has also| occurred, the 1941 figure of $119,â€"| 277.000 being about a million and a| half dollars above the amount| shown a year ago. | ‘the main‘ of Dominion Government ‘and highâ€"grade provincial and; municipal securities which mature at early dates. Cash in its vaultsI and money on deposit with the ‘ Bank of Canada increased from‘ $83,034,000 to $92,755,000, which is? in keeping with the enlnrgernent‘ noted in devnosits. M _ A lot of work goes into the makâ€" 'ing of a shell. Exacting work it is, for every shell has to be flim Out of every lot of 500 shells proâ€" duced, four are sent to the proving grounds. The record of one factory, which is typical of practically all those producing shells, is that there have been no rejects from the proving grounds. Every shell is checked by Government inspectors for inaccuracies of any sort, and‘ this factory has a record for the past year of less than .01 per cent rejected by these inspectors. l Whefn we cohsi;ifer that a cebemm type of antiâ€"aircraft gun now ing made in this country can fire shells at the rate of 160 pef minute, we begin to realize the tremendous number of shells necessary to feed all of the guns used by our army, airâ€"force and navy. over from domestic production_;f one kind or another. In some cases the existing machinery and tools were adaptable to the making of shells. In many cases, however, extensions had to be built and new machine tools installed before proâ€" duction could commence. Now the Canadian shell industry is getting into its full stride. these factories remind one of huge wood yards. Hundreds of thousands of these shells are produced Caily. Tall thin ones to feed the antiâ€" aircraft guns, short stubby fat ones for field guns, ponderous looking ;‘hells for the guns of the British avy. through the screens, and as the time is recorded from each frame, it is then an easy matter to work out the velocity. Shells of all types and sizes are being made in Canada in ever inâ€" creasing numbers in factories in with very sensitive instruments, situated at mundsdm Mtrom the proving groi . instru» ments record to the split second ated jointly by the United Kingdom _ln_dénnqiinncpvemmenh. A cerâ€" into a sand bank. The she tain number of shells from each batch made are also tested during the proving of the guns. 1,046,551,479 492.740 £09,110 87M 118.277.013 264427 21.271 76,9005.870 _ 11.083,658 8.487,026 8,486.941 28 064 4.472,4%7 15,869.2 94 05.662.010 218 T54 546 BA4 218.750,184 14.801.234 461,227.040 661,185.436 731.081,210 117.784.139 96 1.334.955 15.313.063 4.606.3 48 19.552.470 OHRONICLE ~rs‘ field days during the month of August were held at 39 Ilustration Stations throughout Canada with an attendance of 3,718 farmers and their friends. their farms. The spread of mwinxf alfalfa has been greatly helped by : the farmers‘ field days, and now *thousands of tons of alfalfa are fed *o live stock in the district. Farmâ€" Did You Buy YOUR "u Bavinge | As a means of interchange of |ideas between farmers and the "distribution of practical agriculâ€" Jtural knowledge, the field days held under the auspices of the Dominion _ Experimental _ Farms *throughout Canada have rece'ived‘ the approval of Canadian farmers. One examole of the practical value of field days mav be cited: Fifteen years ago, alfalfa was a ractically unknown piant to many armers in some of the Lower St. Lawrence districts. The Ste. Anne de la Pocatiére Experimental Sta-‘ tinn revorts tha‘* since the oneuing‘ of Tlustration Stattons, and esve; ~ially during the nast ten years; the ernwing of alfalfa is now general.| Following successfal trials at the Cte. Anne Station and elsewhere in the district, a permanent alfalfa feld was established on each Tllusâ€" tration Station close to the public road in order to show farmers the nossibility of growing alfalfa on | ‘heir farms. The spread of growing | Field Days Lend Helptul Ideas HUNTLY R. DRUMMOND The strength of a, bank is determined by its history, its policy, its management and the extent ‘oLil: resources. For 124 years Ile Bank of Montreal has been in forefront of Canadian finance. Due to the Public RANK OF MONTREAL TOTAL OF QUICKLY AVAILABLE S * $705,662,010.59 (equal to 73%, of all Linkilities to &m])n] Loans to Provincial and Municipat Gevernments including School Districts s . s & « 28,964,546.45 Commercia! and Other Loans . s s & s s 275,698,972.17 ciinidudibbaiis dJ * U * & _ 112,277,013.99 Payable on demand or after notice, Notes of the Bank in Circulation * s * s 17,890,850.50 Payable on demand, Acceptances and Letters of Credit Ourstanding . & 18,772,428.22 Financial bilitles undertahen C naf. respomsi s 2 o,- bebaif of cussomers Other Liabilities . & $ > & s * ® 4,594,440.73 Items -H:blo-umc-hrlhfmhdbg. Total Liabilities to the Public . s » * * 969,645,608.96 To meet which the Bank has resources as indicated above amounting to . ; s . _ 1,046,551,479.25 Making Total Resources of . _ . Aczirdislhmdlhwy business dl)h;mcjx. of being realized upon. fomsr To mis ho ut Represents liabilities of customers on account of Letters of Credit issued and Drafts accepted by the Bank for their account. Other Assets not included in the Foregoing s % __ Available on demand or at short notice. Mhb‘uulnnndhbmyn“‘fl Bank of Canada ~ . . > s s Notes of and Cheques on Other Banks . s __ Payable in cash on presentation. Balance of Profit and Loss Account, 31st October, Less adjustment of previous years‘ taxes . L Profiuforflnmrended&lu&ubs, 1941, after making appropriations mConfinmlmFund,mofMPmdfi:flmifimfwu‘ andDoubduchbtslnsbemn-de,lathummminio. Divadma;psdnm-ue '“’aii&if&i.f”“"” _ $2,880,000.00 or pay: to ® * * v x e Appropriation for Bank Premises _. . . ; + s $00,000.00 Balance of Profit and Loss carried forward mb creipreee cinte ar Sn vaanl ind viatdintanianitliet Mistctsmied Ts t panies; the stock and bouds of shese compamies are entirely o-dbyth“ddmmiakaban.ooi-mbuu All other of the Bani‘s premises, the vailue of which largely exceeds $13,900,000.00 are included under this beading. y ow 0 00 S Z0 i 1 i Een ntmnty * * * ® & «1,2/1,/ 54. 14 To manujacturers, farmers, merchanis and others, on conditions consistent with sound Au&-g. Prime deaits accepted by other bauks. Uisewhere . s P s . _ 15,569,284.91 Papable on demund and secured honds, stocks and other Wmllmmlalm--da:’fint‘ola-o. o" mECE + * + * â€" * * * * * lndustrial and other ssocks. No# exceeding market vaime. secusities which mature at carlyâ€" d wernment and Oches Boads and Debentures Nat excesding murket value. The greater postion Reserve Fund, Profit & Loss Account and Reserves for Dividends . . 40905 870 20 Sont Milah P AhPdP utd Oy Gati hy mm t dncb icivdné d w c a h esents the §ba¢boldaf interest over which ilities to the Public take precedence. propersies only are carried in the resentation, in easily understandable form, â€" of the ‘Bank‘s ANNUAL SFATEMENT 31st October, 1941 _ and Mortgages on Real Estate Sold by UNION BUS TERMINAL TRAVEL BY BUS PROFIT and LOSS ACCOUNT Save Gas for War Needs TICKETS Only 2¢ per mile Save More Money BUY 12â€" TRIP Kstablished 1817 RESOURCES sames of bolding com . $809,110,875.32 .& 119,277,013.99 . $254,427,218.03 . $ 4,472,437.64 . 40,905,870.29 _ $76,905,870.29 G. W. SPINNEY, °> Joint General Managars 21,271,754.14 $1,321,642.13 225.000.00 tickets comsult Not only do you as a bus passenger average many more miles per gallon of gassline, but you travel in a comâ€" fortable, heated bus, free of all driving worries. It‘s the ideal way to travel in winter. We can supply you with tickets to any point on the continent. . For information and of $1,046,551,479.25 Friday, November 28, 1941 . 18,772,428.22 $928,387,889.51 $ 92,755,884.45 38,972,993.05 54,960,6917.17 #8,740,536.16 $1,153,668.75 $3,437,026.60 $ 57,026.60 13,900,000.00 20,041,722.55 2,606,322.43 3,380,000.00 1,096,642.13 9247,199.39 183,364.86 6,811.15