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wa fe’r‘i "'t"'ili"i"""' 'tAiiit' afi‘fl 'lil? _" I 'ii'fik'i'iii"r' J' 'ki"i'iio rifs _ . Largest Volume, of Busineis ttt History Increase of over 121/696 in 1 total business sets new high -.--President J. W. Scott's Report twang!“ all aqua-4 winâ€"utmcâ€"pglfla’... NJ i-qu'" think-o“. F'irh'i2ltliit, ',ta's1,rl11S.l tg11tiiitl'iF'1Ebitiyiil'liiti irii'iiiuaFtTiai-t--r-...--. was Item-dud.“ "nun-mu. “um-Hau- auanWh-l kifiiiiiriiiiEiii."iFirtiij 'tis-tsee-Vt, 'trit-,-de1e"N h which I. In NW!“ ‘0 ”aluminum “m ,t-gssomtorrdda-at+" WWW» -t.tttetalafMAMh. nun-ummmmu‘ $8M6MMttotgherbr88,96V men-mamma- yumtwmu ”Mumm- Unwind-(thymulh- “Md-ly-hvnu‘ 'hdattheiaatAmt-1Heett" '-aatag-rArrthartred cart. -.eett.Gnu-aitta' mt+qstttssartrs1tarehotde" trl k"i',Cbr"Ji7;'ci"2"2'i7iUJ, In and perm. . special val-1 oa.rbnitdtre_temiedtotttosd ”when!” shareholder: for tte an: time within the past year" 'ghtmiditutoaddthatrdeem tt-thortoramiprtiiiegete - at this min. I trust that all at you may the m -tti1tgrandatoteattttotrrtur attesdtrseqgmrsrtltaequimars -truterttrtdemtandirtgodttte -i-tarttpttaitiemtttuct- -ttot6rirstttreornrmmiti" arhiebttirgetviiegedttoerm. WW8”! WHY tEeratotyrnsareawamqtttte qtaatge.arhiehttteAgtaesattrr aytattttsatitttrirrrirrooetartte anion withi- tlu Company. Mr/ P.V.Wikon. whomappolnud‘ ttart-e when the Company Md in 1913 and who “I maiden! since 1968, Asked lobe 'rthmdot the‘latter position. "-W'W'WWW-V‘” - - thelesnenednlueotthedolhr“ I should like to add that l iiiiit'it2", “WI! A,',,tlg,et1 and. higher "ittea “at,” In thortoramipniiiegeto (FtoGkaiirt"rTLiriiiecTa a" a they would effect our business ( at tttig ttteetirt I m coma toe example. With an. in M . in 1m we m not In optimistic that atl o! ”I - the 1'ltjGiriGiiiitTiiriiiaiii77rdmsa, however, S.t.1tt.r1r.t'f -dirtgrandatoreauttotrrmr Like dent that the That Company, statements dildo”. many an mmm'muothenwepmmtthenufiu'mwmnw up“: et,tettte,'te,ft,lPli,'i growth experienced in 1950mm tag been aeeepted very i-tarttpetaititmtttuCt- gertemilrasaiogteaerueetaett, my “we. could not he expected. but never- of -ttot6rtistttreoarsr't r] Ihllhle'velof tltdl'fn2.Ttrlt,'git,ut",,g '6iebttirgetviiegedt-. t1ti1tPegiT,eer,et5'l'eti'"ht.'t,tggt,f,'ir, Tf, ems WM”. MANY a. "ar, With pm to Mum “muscle; mum ”at at the true. Despite some levelling on "" pee- 2tlM m m T'l1 m in human momentum 'ireiiiijtht" trend. soothe 'wfimwtpfiehttetmomhsottheywm Some men in expressed on... $1. TIll',',,',,",",,',','. Mr. then local that. a well "1mm: 1tht,e, refit.“ . r . the in. n genera tug."',',',' Pa' mute: mm 'int, maxim otWusiness _ This condition was and "ttl', d who"; buiuu m the largest in fir)iFirii"iieiiii Iboutendshonld ttdu 19;; Median. tiistoer.Stamtteeurtotemirthe in the long run more to he to 2ra"t "I" . mic. Posttioet continuedmwthend mum, 'iiji,ij: benefit of all u m. A inr- f,',,%.", thewm “minutiae when and rural Irene irtithermteofeatpanaionstsniurto " ' 3m and". which we mun-ct business, but tha' experienced in the inst few on the Mir 'ld,',',',',', m. slno I very high degree of public years would have subjected our tet",'", In}. ”on” eh a etmfHertee in the strength amteeommrtotoogreat meanesenti palm! 1"ullh' wis1'u'e,'lJt'C"rlll,' of this Company. Well strains. Actually there should be but“ al I: ll a on ‘over titty thorns-mi people utilJno cause for presenting n gloomy If,,',",',',':', on 1u'Ul,'li12 our ”nice: in one wry oripicture onto the future. Provided mm w P m e ' no m when“. I should like at this uniq- sound relationship is maintain- button 'el,', .Co" il, and“ briefly augment the remarked between met: and productiv- the success tt e I""")',',',,,",',',",:' the General Manager to theiily and barring any major die- tu him] gems; d and extent of referring to the Com- mptiom in our economy. this . nu)s_ se "In" tlel'irG"rl investments. It ig "Estimate; with its vest netunl re- panelist?! 3:33.33: W A essential in institutions aeeepting,souree' and basic industries, are ho 'l e been with than“: on deposit that at all times should enio, s healthy economic Beast, W cl " t thirt Gl, substantial portion be invested position for years to come. lore- comwhy m JI t1 LT/J/ll, high grade securities of trom/twer '0 In this section a! the 'tut' d'." new"; (1iiiiii1,riiiiiiit.t.i short term iiiiiie,i'iiii)j,i,tti,i; and particularly in this "In. mcceeded me " Gtnera1lf.vr"iryufnrr holdings shows WW3 with itf9tmitieatiort in m the to his mm. Mr. w. Museum in institutions aeeepting',sourees and We ttttttl Inn, whn has been with thekunds on deposit that at ell Warhol-IN Ollie! I healthy economic Company close to thirty years}- substantial portion be invested position for year: to come. no»: and who we: Deputy General“! My.“ rewritten of trom/over '0 in tttig at“!!! " (hm lunar for the pot iiiiiiriijii,,iiet,i short term iiiiii'i",iiiititti,i: Ind Marl-r11 in this ”are. mcceeded me a General All hubris cl our holdinu shows WW. With its Qteegsifieatitm ml name and I assure you the with: out: and ready liquidatgeieultum and industry and trim lith- ia In excellent hands. Mr. securitie- represent about "siitr background ot mud 'i'i;iili'l), Beats h I specinlist in the tieWot total savings deposits, In in/tttey, Show” look to the future / of investment: and has, " well,‘cruse of about 8% over a ',d'iFiiii considerable mniidm.'\ a moat complete knowledge or In Our mortgage loans are it“! DireetoN Ind otrieer, 1f aéttttattersre1atirtgtoTrust comytxeeiiettt condition and interest your Company do no and are I”!!! alterations. farmers are negligible. Great care emtfident that W bum” will” We regret to report the dump: exercised In the selection 01th along the sound f..tt'te.i.S" In September last of Mr. Wi11iamlimrestmenu and intensive ”Hines which have tha"tterhed) Henderson, a valuable menttrerivioeing and anairsirot our hold-ms development 'ttrough thel or our Board. Mr. Henderson wu'im in all departments is being {an We will continue to avpre/ lost mum) in attendance at;urtdertahett continuously. Ri/eute the goodwill and the eoatw our meetings and his support IndIierel were again increased tiii/dence od People in these con counsel will he missed. Our Geo. In; the your out of profits and as mum" whleh ham contributed cal Man-gun. Mr. W. A. sum)”: luv-111106: observed in the so greatly to our constant mm.‘ W appointed to fill the vacancy. Reports the Company‘s Camal‘ You are being and today w The apart of the Director: herald General Reserve Amnts ratify and con! Inn Bar-lawi M ”tented to you n we]! "ff" further increased durtnixxxrv enacted at a meeting 'fi Out at a. eon-n1 Inn-m. up. you by mom conundrum. Board on Janmn‘ my. Gill, luau: tor the pot metal ”In. rounded me a General W and I mm you the po- m is In excellent hands. Mr. Beats h I specinligt in the field We regret to report the death In September last of Mr. William Henderson, I valuable member of oat Board. Mr. Henderson was lost mum! in attendance at our meetings Ind his support and annual will he missed. Our Geo. ttirlsasureind.editt- 1'taNta'nurtlltlt11t.r.y.:r.: ,,e,ossu-.a--o-.' The President's Address to '45th Annual Meeting. tells of successful gear Mtin1'tMnl'dl 'iii'.'.". mumnmu-mi mummy-eunuch In: on“. In In. audited mun-(cl. Alma-{Cor Which-Winch. Luann-nu Mano-uric. “with.” H..,_ thalamulphmdtbcCom may? Statement tt in perhaps unnecessary!“ Into treat in dMaittriththeirt-hiti- ,6tettds'tot-trtistrpeogreas in ailing/pm dttring the 'm‘ iGGit_eett!orw mum-Mm! "d-id-er-ttatt"; “‘1...th haul-hath“ humane-Imam smrabmrt8M0M0tt,m-rs gttgttert,trgg,gSt dulled-llme air.dttregttt.ftntrti-t" 'dth-rasgeteeott1tr- mammal-Nahum "exrrttis.dsettrmeMoet-ter Watt-Minnow ,irtthttetmltttt-tmteat' Mammal-lam mmwum‘ Much-Immu- irtetuteaeudertstt1thermreb' "tNdr+trohrt.arftthtttte tmtdBead..reteth-qrtt.-t nu mature. Due to the rather} restricted credit situation and tight money policy which 'e vaiied during most ot Int mm Companies in the We lend-1 ing tieU, including our own. t) am (am imitation: and Adm Maud In: my than during Atl60. no result was that out ire mtment: in bonds and ttther [Baum neuritic. inseam! "the ’mhstnthlly. Despite these con- ditioate, henna. In “W ‘totahmutbm'nmm nud- ct dimt. h thn In. In sum. which has Ihm ha the mutilation”. - ”uncured am 0000 INDIA“ pawn-aim, during meat you-:4 "tieet the mm mm In: at their services an newton. mum. and in other fiduduy annuities. Admittedly we should rather rapid rise in tigtares to the lessened value of the dollar and much higher values attach. ed to certain types of Assets. red estate toe example. With thin in mind. however, it is clearly evi- dent that the That Company, ther nu of expansion similar to tha' experienced in the last few years would have mbjected our economy to too great menu and straitta. Aetuaiir than :Muld be no CttuMt for presenting a gloomy by the momma on n11 mm. on. and Mr. a. I. my, a". As you in" an. and. tt-am-tior-tt-erttyttt "gr-it-tttego-ttttttis amaartdtmthtrttttedtrttteraue will contribute tuned w a themdtbOompm. l _ratt.oitidiiu.tureuruoti Mundlunydnunthnhmd appreciation to the Chum“ om jiiBoas,tuaoeGrrr_ otttdrnireeuestorttteir-et asdvatuatrt-istarteoheram eharg.otttteir-tataitgttti" mmm-wugm 1tuet.teeePtt.ttit tuNrteri,Mart-,ertttse0t6 eeNandsufttrretrtt-ttetutr) Mimym. lake plemlnmviuth 'drsrtiotttKtttoert. "WWW mmuwmmmm uncommon: Bulls ovum-n Th. 9"?" "e"" - 'he' 'tlAet Ame.” __ 6 EM 1 'aiuinuoo TRUST 'iii)))" "akTiiiiiifiifi. comm PRES'] tsst. Manager Estates and Trust: Dept, R. A. SYER as". Treasurer & Ian-(er Mortgage Dept. L. G. BAUMAN “onus. Supervisor “mun Supervisor Mam“ Prawn one. H. C. SHANE D. 0. 81111135 A551. Treasurer & Secm'itiu “my! Inn-hunt Seaman 0mm M. L. LARN Dan C. T. GRAHAM Manner In! an“ Dept Humor Kitchener [who R. A. Human Dept . cacao Public Rel-unn- om A. I MN NM...“ "at... as“. TI. ataurCc.. m W. a. SOUR-Rm . c. 2h you A. a umu "ttrtmtht-dm'mtri-rt' an -tre--tvt--rtat8M0M0' lunar Estate: & Trust: Dept IL W. AUG“ xv, A. BEAN, (LEE. General Manager T W. SEAGMK Waterloo at? t: "UGG teoeciitGriU can. “mot! MA. Vice-Meat me “new u"mi..F.Pra' J. W. SCOTT P. I; MIN Lows L. LANG may ' mm a} With cent" lurch. Chin-m of th- Boui Honorary Ptmithgtt FOR!) 8. KIM? P. V. WILSON Waterloo mama mun-A Tho Dough- II- My. 'mte6ttt Ilia-I CEC):riIECiCWinLLC:Lrij' ,orAt,BtMrtaBgTmmnam+A6tm ... mm iicrasiiiiiit' cram WWW of the Board - -- ._._.. BRANCH and DEPARTMENTAL MANAGERS Wntertio Waterloo Galt A. d Us“. in. I," BOARD OF DIEGO'S G. ".1.va ox; WIN”) J. W SCOTT ci. elicits-1h, -e .Wtetett . _ J. I. r. man" Joan}- E aa-, M. scumm & “'- “t "when" J. K. sms. ac I"teee - Kitchener :lomuln " Mr. Joeh L In", Mr.MS.Kumpf, CttoimimtMtuBeaerl, they-”Wampum whammmm'vdl ',rom"rittrerehoturtr'ttte “dummy-ad - man- hm Nitioeorh alumni-l ar.Neamdter-dttterttr titmadrTtittgttoA-iV WM'VV -__.. -. "“7" Guam new mm‘ Hannah”; tngthvtrtgsaithaaraatei4uw . "gtttrqttt w had an In W - . haul-Ohm“ 22'g h at” (1h st. at “haul. a! mil-mun mu . l . and Slam on 1122, 'uttM00teotedt-8otrteias 101mm and 8,470.1!!! A: Gun-- and“). general mutton» At Company not only My tt'r,U'gt'lrg', 3"”th bun. ttr ottimg, and um. ittgr, m yawn-”Wm: Imam Waterloo Ollie: H. M. GOUL Aait. has": Nun-loo Otttee G. T. vom Hanna Gilt Ollie. G. A. I. Inwulns Assistant General Mtnage Waterloo an“ mitten-cm tttti/trd/state) ',-taetotrt. I "Gains made in all departments exceed our own expectatityif T --Ceneml Manager W. A. Bean ”my-Ithaca. -'ehtstarr-dt--d.d Letttrreere..et ftt.,.i1.gm-ettant.t- ”Mid-alibi“ TNgtd',f'1,hu"'Jdrf.' ammun- (77i"ii"i'i1%'"a7'7tal'l", 1tiomatgkarttmt.rerort hthnywmnmm atrrrtp.rtimae-Cattad.otrer. Mmedd-sisoatittesand, 'yarettedee.mtttso'tdttett ttteehagemduttu-tmattk ‘bmmonthm 'aeatsasirtttt-ttm-r,mrr mummy planning. " they“. mm I few hm deposits an! primarily than the combined savings of 4.400 new and“; depositor- and our 300 new Gnu-mood Inven,‘ went Receipt holdm. Depotiton‘ of both then dertrr-ta, not its/ and!“ the thousand: of any hen in Chdltrnu Ind Vacation Club mulled our 50,000 " the Tend of the year. Growth at this mnuitudo in good .etdenee of thr inactive interest nus. pub iie emttidettee and of the an: new vice wedded in the Swing: De Attire we "rim attic”. ( With tho addition during 10571 "tt the $750,000 mocked from am in]: ot new share- of Capital IPP to mum and and land $0.000 tandem from: 'lPreiu, hid-up Capital " lt but and. mounted to 8M00,000 mad Guard Baum 31300.0(”, "may together with the mm ‘nnd boa Name of $135,000 makes a total of 9,925,000 avail- CaTiiGtiiGiieG2G'riGiii; oositors Combined Capital and Fur-Mud Trust account: now Mal tampon. i In accordance with plan: made at Ste beginning of the year I - my: and proportian of used to with.“ lacuna:- in View of their relatively more " Inca“ return A: a result. can and was henna! in 1957 brtMtrM00toatotatott_ ammo while mounts locus 1n- aused by only ammo to a w a. mm”. This tttang, and aecuritiea managed in 1957 bacon-ins increasingly which br mm to . total a $2B,- recognized. The Estate: Planning my» while marque m in- Department was again very ac- mued by only $1,130.00» to a tive throughout the not and total of mun”. This change working with the solicitor: and in emphasis improved our liquid- Life Underwriters played an in:- ity, that is the ratio of quick as- portant part in evolving workable sets, counting at cash. accuri~ will plans for a great many tie. and demand loam. to savings clients. With the anticipated deposits. from 82.8% to the very'changes in the Canadian Succes-i favourable figure at ”3%. Atlsion Duty Act whereby the com the year end quick assets amount- cept of the in is being changed ed to 571% and mortgages when one in which the incidence 42.8% af all investment: amiltais upon the beneficiaries in an hull» testate tax similar to that in the, ye spite ye the reduction in‘United Stgtes and the United Ill - W "I! won 1lll','l11 mg!” ma "IO U8toeu the muggy of gimme: the Kingdom, this Department has average yield on all use“ rose a very busy yen indeed in mm from an. in 1956 to "" inl Sales of properties by the Real mm and is W practically 3%. Ile, Department wen some- l The "eurities "bed by the what In: "Mm in 19:6 tmt that (Imam Tut-l III-hut Wig-adamant alumna-m numb-trunn- human-Omi- Ina-Malay!” dht-dlhndlbw “in. "e-tti-das. "an" MIMI-u no.“ af but but“ .3 and - In mull. tt to an m nth-M not. attmethq - ' men-mutant“; ,tttBa-t.tn-tt_ I his - " h M (ttteh-dt-t_.-' iGGaaaaTiGGrnric A_t.hemrt9tntMat, thnl-dhnudg 1!-9t*.'t'ytate ‘Mmbnuthm‘ tr%Wateefttrar-nnrmtto ;uumuum ‘dmh-mndm, AMtMttartdrarrstt-t-oet jiuriGiiii-iiuTi%iriiiii {unsound-millin- pollutant-Inn» 'MemBr-aat6,-aettrte \utmlncthldihud odasrrmemtty-.TU.att- 'trteettrtrtttee-hhee- otleortdttiatrreatattttetrtth. “mm-human firtmuettoaaetdadirrh+tmttm, halal-WW” um Inasmuch-than 'tmdsttruokaftartumqtrtr_ tt-tsee1urrtetnttac- tttettrdtagttttm.eeqdt.a-rr beam-Inn. ”AmAIDTlm llCllASllVISSS TuEstatasartdetmttt-b 'r-tttad-tttsl-ttts) an. In It history and the gmatetpereert-itae- hr mamqmmw 1erf?eytevettett4 'tnth-ttrote-u-l, t,'f',',,r,'f,tt1htg1e,e: mind! t800.t.gat.amtNr A.ratt1Bortdirttamhttot-. of wk In ttaD-rt-nt in _iaiiriiiiGiitaTa"iiiiii" tttttttttma W4 mm "mm.“ (in "i; Mun-In; the you. mm... M) bait] to ttetteNiaHq mama 1!0!t,00?ittttie.tristejris) .ex8tte91IMdittyitrtttetotttheir) bah-It. While no tttMoe" at musing number a! mesoeittiism and " Equity Plan basis we“ introduced late in 1957 and at encouraging number at client- completed Plans print to Decem- her Stge The Company in _ 111111110111!th in having a high. Ir skilled group of m in this permanent who It: providing I service. the "In: of which ir ttemttaoseea-atistsetod and Mm h the mme 'tsittistmtims.Withant-atng tmrdetsttt"emrrttttudetaittteietg i-edttrth.mrioer.NzD+ irilii'iiiiiu%i7iiir2L%ti'a "wat-erik-Zta-trt-aria-tairs", '1t1rtl.1ttr Peg-am Nt.td "I! M91 ptGs on both a o-iteditGii KITCHENER WATERLOO 'tist-tttha-ia' “Q‘s-dun.“ att-ma-tttana.-.- Jma-tatrM-aetMD- m I. I.- vi - 'tag-A ‘wmums uW-mn.b lawns-bulwa- Minimiznhm.” ",".tttartr,ulet,t a mum-qua ”bum-Ch- "htaM-taethr-.ali- ‘an-d-d-o- 1ut!rttee2etttttt "e*retBadhsge-im.aeth. Fiiiiiiiiiii'iit hid-u‘bu 'ttAyer-y/letter", _didmrtftdtrmguettut- hid-summoning: “mic-BM Mia-hm Miami-mud OM be!“ than "titMtt0trsteM0A-taettti. 9-1anth baud-abundantl- ”MG-mambo- ‘mhm’ddumha mums-ammo ‘Mdoamhnb-M 1mi- Im, tht, MI W 1'it',5','i'ie'i)1'itist,iiii'it'.i- a“ mush-”b011,. in. will It. um d \mmhm. _Atyree-i-tns' 'AeermttdttrtrqtehMr.R-es ambet-ditremtrttU& Aaa-ttttseth...- mmmmm know-mm liabl‘mualmlm oe%eemeNgeeretdrmsre ‘wuumu-mm‘a. :wmuhma imdmwmd emtmrrthtmtttseteuseotetamper _rrr.liriiarG"iaiiGUL 1wmmmuma JtthtfeteP1ed.i.ttrre, _its.retrerttteerttrrves 'eiruteittuttetmerstioeses 2etPtt1t1lttfeytatte. Teanatmur-thatNeorsdi- tirnseRrttrrrctm-iaexeei- teettaututttrsaneialirit in 'detest'..""-"'"'" gnu-Ema. Wm I... been achieved It the {direct result at the ability and ‘dforta of some I” individuals Nrrrrhiete duly and together. We are very IoItnnate in their qual- Jtr and their interest for in the Pt" sense the has! Column, I' its people and it: mutation rest: in their hands. I should like ‘to pay tribute to each one of them from the Department heads tottserteetelegefordtthteth. job whit]: has made possible the results described in this report. "hoaldiiketot1wthtttepter Idem. Chairman. Honorary Presi- dent and Vice-President: and the Directors for their greet assist» ance to Ill ell throughout the year. As you new, the mspttetsi. bility for the management of this Company has been mine {or only afenrattttrtmmtthrttttur- under review and the rewlta no really attributable to the leader ship of your President whom I succeeded. t do "at you to know how keenly I when this re spetetsibititr and t am tetgtBdettt that our tNtetthtmd effort: will bring further pionee- In W and In the yen: need. M Cal-Ink no mm: haw 'trrmgitstittartMaipoaititmttur tt.thectaq-iltwittterwittt. out 2 lord and ettieteett mil. t-tgo at pudding the high etlihm at service to which in etierttomentitte& Wemakol out with nuts and liquid as. at: and so on but probably most important of tll In our live ‘Isneu. The mulls of the year's r,operatioets speak for themselvet mull lOYAL MWJutm-uconr .mettits,itoharehouers,its cm and clients Ind its daft. Certainly no mm: how