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i MINES tthgtaik. (nit thai' Aaiikd $232 Judgment id ,, m, 'h1tt1er,futrlu"fi; ttn1"d,ffdl'Tt-, 'i-tties-tttie mehmhshanl- 'rhErA_re-srrtra tot-airing“ mum Man - 'lt-rr-duly"" Ltdcuhrdtd- huh”. hawk-“bin a.tomthMheraatasid-r-t oe-eoa0d,tretma-d fi-a..mtqoert.-e, to.“ Sh.ami-thrani6tm. "Mull-i350“.- na’u. In an! M AAnoe4.odNtogtrtareethv. 1-6.c_"",ahier0A- 9|... Mbqhan 0, Mail wind-63* "-tdhatanMrr-he -Ht.6.a.edttrt-Bse Who-danish!- THIS ORIGINAL DOCUMENT IS IN VERY POOR CONDITION , AnmiallyuithtgOfStiaretsohhm, _ r' 'dont, RoyalBankof'Canada- for Caution of new financial Won mated to tii11 need far more adequate long term export than". Time rig fogloqey Market m n iatuti- tu- tor, "on the best intentions -th-rtoebothlntrourand '-rcusaet cannot long r0- " In trrgutia- -irort- new. M by ex.- - irg thmtaq. cm or inedi- cieacy at Imam nnd final ytaareeet. dad-re! (we! k to an} more positive ftmetinh. M - mud-robin "r"""T.CrA""""l'rtt". agrtdltSoxrerm-tgiruaty "tapeaeaaiM.teitlltdh-ue--d his: G-et “I...“ ,rNahtttimueedeetsMbed.'. at.“ mild-t the Mun-(bi gt 1 why with power it our Cundian comma.” have bad to go oataido the country to “ram their cram "gain-eats wm non-Cm- ... banks. We have totally not: one: it which the ub- nudity “is: that a Canada berth is asked to lend its all- he: - which he. in a con-ordain at Thu“ tum, deposits with a non- Canadna bank to facilitate that 't'mtrt hall's lend-c apex-IE... “I would? like to urge.» tbat term loan for . aimilar Mt', secured by that paper. " 3 period " tight money. the chutes-ed bulb do not hm mm in any qunrstit, funds for this purpose. The result in but that some at m finaneintr, we have no de- vice within this country “iv able to his needs. “What he requires is the discount of paper mun-in. out , period of ”an a; g wotkreariiart xiii hur- men hm not taken " In“ " borrowers but a mrhartaetgiat ”auction a ton in the want horror ed in this partieular fieH. A. it: a t& bank is con- cerned, the credit beilities le" been, utilise, on; vantageoftheiro rte-i- 'a"'tiuu'l"u'W, muatieation. to all of our branches that they were still required to deal syn- pathetien0r with applica- tions for personal and small business loans. . “From the inception at the tight mow porn, pour but his made it plurbyvquof mouth and amogher. I rend of those things And I cannot coupe the impul- sion that the whole cue must be grossly unsatu- ed. at that, perhaps vul- oqt nailing I. a my be ,ih-iore n no!“ in “a Meld. R my be that a menu] 1:“ in thing We in our ”any and that the and} “at in experiencinc ”nothing that credit cannot holy. The in no. wile-a not only that ads We are becoming more and more eoneentrated, but that sale! and ”auction units to AsvdoMItrt, un_ Aincrensingly dug Mammal; with a; in: this sector od our eco- nomy; and govemmat authorities have appasrer- homo exercised about it Eben his been ' - to-' 9&3“de My, I gm baffled when! IG-mm noggin‘, “5:1, our' lending than Ins been I yet? it mrtrerornotatur-irr $hktdr-uoqrhtrronrthoimd- d1t"at.?fgau. non " . thrtdmln- eIirdeeea-eatrarertasttte Myth-Wm; M of now. the only intro. menu tunable by u. with- in this market are Government Treasury Bim, and govern- ment bonds with n Max-it] not exuding three cars. m I hm partial-I" in mind in a M of ponible steps to new" the stature of a red money murket. that h. u “that that would in- Four - can, Mr. Meir recalled. he hnd national that it might be worth while to investigate the possibilities of " shorbterm money market in Canadu. "Sui a maid." he said. "did come Into being about six months later. We should, I 1relieve, paw Astqdy the -hiliiies of broadbnini the bee of our Home; met. “We.” ttrhp,U"ts,Tel'. dtdt WI pe- enlisnh'ee of internationa! honking," said Mr. Sedge'mck. Referring to the British West Indies tree when important constitutional developments on huh-m: place. Mr. Sedge- wick mentioned that the_bunk i pinyin I put in uni-6n: in the economic M of this - “utopia; member of the Continuum: ftatilr. Be due we of the unusual opportunities which exist for young men with the aptitude and desire for 1 - in In- ternatiemal inking, pointing at that there ere openings in. the bunk for u select number of each year: men ouch your. operab- e system of 821 bundles in Duned- nnd " abroad - a total of 903, re- presenting an increase of 3t during the past your. Included among new branches was one Wed at m:- Bay, the first Ganmtian but to be opened in the Arnie Islands. Discusuing the bank's' exten- sive building and renovation m. A Mr. “Sew re- ten-rid Mr. Bed-ids." we look for no particular increas- ed demands from industry u a whole, but we wish to em- phasize that the real needs of our "edit-worthy customers. smell or large. ere of con» cern to as, and are need. which will be satisfied within the, Jimits, of quar_ul>ility." “Because of the period of 'so-lied digestion thtouel soh in this him. could with Canadian Government Trea- my Bills and tttyt,', Lulu represent 22.5 of the hnk’s my“ Emu to the__pubfie." _ F- WNW, reaching a ”(In I $216,690,000 which Wu approximately 88% i “l. w for all CM huh. Mr; 1ttl'Tt'ig'""g'Stf . net pr . at - 919,550. an increase of 113* over the previous year. I“ that capital {not new "and st more than ,m.~0,000. "The Balance Sheet ooedhrqgta that the cab get-Mon at the Inn-Ir a. A... L- “RJ “A; K. ..tNi-iet,a-t Mama-“only w " 81.160.544.317. but that norm undu- tln tu. tiond Housing Act ”Ju- tteted, by you than We $3%hilltilmiik ’Due to experience guinea more than " you: since retal but