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CITY NEWS â€"â€" Waterloo and Kitchener OUSTING OF KITCHENER council is a good example of what can happen when the general public including busiâ€" ness men, get tired of a council which they feel is not doing the job as it should. If this same thing happensl in Waterloo, voters and busiâ€" ness men alike will be stuck with it FOR TWO YEARS. Those going to the polls in this city indicated a preforâ€" ence for the twoâ€"year term, & eute little situation â€" which could in years to come, prove to be such a hot potatoe they would willingly dvon it . . . if they could. Just because this city has had a good council for the past few years does not mean that a poor one is an impossibility Then where are you*? Or are you under the impression you| can change horses in the midâ€" dle of the stream? ‘ The amount of woney saved by a twoâ€"year term is alsolutc* peanuts in the scheme of things| and should probably nover have . , been made public so that too much importance cou‘d be atâ€" tached to it. (Also, and far more important. a two year term induces an apathctic atâ€" titude on the part of the voters, an attitude that might be hard to convert even if a one year term was brought back. (Continued from Page 1) Kitchsner has learned thoir lesson. They have had a counâ€" cil which would not function in a manner approved by those who cast the votes. Unfortunâ€" ately, Waterloo seemingely did not benefit from the very obâ€" vious example they had so close at hand. WATERLOO COUNCIL is | making considerable provisionl for the growth of a parkina | problem in this city,. Off ths street parking areas are bein : , planned and as fast as theyi become â€" available, . they are marked off in car spaces. l There is one little catch to | it. There will, in some of them! at least, be a minimum charge for parking. This will probably be done through metering the lots, a caretaker being both / expensive and inefective. . 1 Two reasons exist for the| move to make the lots pay for themselves. One, it is felt that merchants will benefit most frgm the downtown parking areas and the taxpayers canâ€" not be asked to underwrite A heavy expense from which they will obtain little benefit Two, . there will\ always be the inâ€" dividual who parks his car in these spaces day after day from morning to night. This will occur regardless of prtâ€" cautions and unless the space is metered, this space will be free to those using it at their discretion. 2. WE WONDER IF council , for 1956 will withdraw their reapective heads from the sand Main thing of course is that this city is not waiting until all available land is taken for buildings, but are absorbing it now while the price is sotfeâ€" where within reason. J.H.S. bor used by councils for unâ€" told years and realize that main street retail section can never flourish as it should se long as half of the street is occupied by industry* Its not the fault of the manuâ€" facturers either, for we doubt if they have ever been offered any inducement to relocate elsewhere in the city. Such a situation is not only: a handicap on the development of the retail section, but is also unfair in many ways to the average Waterloo shopper, who is at times forced to buy in Kitchener when he can‘t get exactly what he wants in his own city. The Bank of Nova Scotia‘s Annual Statement is the story of people. Our 125th progress report shows how the Bank is helping the people of our nation to produce more . . . to save more . . . and to enjoy more. This is the theme of the story told in the figures below . . . a story about you and more than a million other Canadians who bank with the ASSETS â€" the Bank‘s . how they work for you. $194,252,618 Cash, clearings and due from banks This is like cash in the Bank‘s till to service the cheques which BNS cust their accounts. ha . +15,70. 3 ce oo This amount helps finance varied Government activities such as the St. Lawrence Seaway; National Harbours Board; Wheat Board payments; our National Defence needs. $80,736,917 Other bonds and stocks, not exceedâ€" ing market value e This sum represents the éfi Bank‘s purchases of stocks -"--"‘g *Â¥ and bondsâ€"money which goes into the building of schools, highways, new plants and equipment, and the likeâ€"to make available for us all more of the good things J .H.S. THE WATERLOO (Ontario) CHRONICLE $227,710,873 Ceâ€" nadian Government securiâ€" ties not exceeding market customers draw The BANK of NOVA SCOTIA Defending champs in the Southwestern â€" Ontario Chess League, Kâ€"W Concordia Chess Club, downed London, Ont. YMCA 4â€"2 last Saturday in London. The Twin City club topped the league by winning two games out of two games played, Following closely is the Lonâ€" don club which dropped its first game in three Saturday. Both clubs have two points. London is followed by the Brantford Chess Club. Brantâ€" ford leads with one point on a single win in three games. Windsor and Sarnia clubs with ec40tk â€"'.:&S\ y /ZW@“W QOur customers in Canada and abroad borrowed this w amount for all kinds of personal and busiâ€" ness purposes. These loans help finance the purchase of materials and the sale and distribution of goods . . . from the cutting of trees in the forest to the sale of refrigerâ€" ugi'.-t from starting a business to imâ€" proving a farm or home. Loans of this kind T oc‘ D sw a 800000 aal SY L your partner in helping Canada grow 1000 ca ult o enc n are thcelifeblood of Canada‘s growthâ€"the Bank‘s most important service to the community. a $1 2. ers‘ 2 "‘4 se t anc ‘ YNirt*~ See ve u wu side of t &W@g See similar heading under " Liabilities". This is the opposite side of the coin, and the two amounts are thus the same. pany, and other assets Most of this sum goes into a continuing amme of improving mlnch f iluumly and casily. Total Assets $1,270,142,472 z7. loans, secured 6 ,/// This money, le " : ment houses, x.r, _ M immediate : s quired. % This money, lent to investâ€" ; ment houses, is subject to SA immediate recall if reâ€" Bm quired. $87,188,746 Call May King Parking Ban $19,865,233 Customâ€" ers‘ liability under acceptâ€" ance and letters of credit City Council may soon end the controversy over King street‘s parking ban. At a meeting that was to have been held _ yesterday Mayor Dreger said that memâ€" oneâ€"half point each are at the tail end of the standing. Each club has tied one game and lost one. â€" what the Bank owes. $1,176,942,664 At the Concordia Club next Saturday at 1:30 p.m. the Kâ€"W Concordia Club will play their next game. M;no than a million cusâ€" tomers now bank with the BNS. They depesit their r branch facilities so that do their banking more money for a host of reasonsâ€"for business and household needs . .. as a retirement fund for the future . . . or to finance a college education. Our customers place these funds for safety and convenience in current and savings accounts, including such special accounts as the Bank‘s own $19,865,233 Acceptâ€" ances and letters of credit This is the extent to which the Bank has guaranteed W the credit of our customers buying from suppliers, particnlnrlythooeinfiouig-hnds. It matches the amount pledged by cusâ€" tomers for repayment (see amount opposite similar heading under "Assets"). Business at home is thus encouraged to expand abroad . .. another way the Bank helps Canada grow. _ *~/ "afll expenses . . . 8 1956 Income Tax, for example. paid up, rest account $68,431,232 Capital The sharcholdersâ€" the real owners of the Bankâ€" (z} @ contribute these funds which protect the interests of the customers. They thus enâ€" sure the strength and stability of the BNS, amd help make possible the Bank‘s imâ€" creasing role in aiding Canada‘s progress. Total Linbilities $ 1,270,142,472 SHARENOLDERS‘ EQUITY bers of this year‘s council wiil meet with the 1957 councilh to discuss the problem. _ â€" A new alderman, Joseph Meinzinger, said he had re quested the conference with the the mayor. Action is being taken by the new aldermen to eliminate the ban which exists from 4:30 to 6 p.m. between Breithaupt and Cedar streets. s Mayor Dreger said that while Ald. Sid McLennan, traffie committee chairman, is out of town, he is willing to go along with the apparent will of the people in this instance. The meeting was called by the mayor so that the mattor would not be delayed until the new council took office in 19â€" 57. $4,903,343 Other lieâ€" bilities This is mostly money put aside to meet anticipated PACE mEX