The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

, "I believe in team work that “Mom at differing ot talent. "I believe in the spontaneity of response that brings team members into the collar at the same critical moment of stut- Ing and throughout the length 9! the pun. _ A We are pleased to report that in the magazine Sea Cadet, the official house organ of the Navy League of Great Britain and the UK. Sea Cadets, the February edition, carries two stories and a picture about B.C.S.C.C. Warspite. The pie. ture shows the Skipper receiv- ing the Nelson Trophy and 0f- ficers sword from the Hon. Louis o. Breithaupt with the accompanying success story of last year. The other story mak- es reference to our monthly ships newspaper, The Bilge Pump, Written and produced by the cadets themselves. We are happy to know that our name is being published abroad through the medium of this world-wide circulated magazine. Team Work The Skipper came across the following the other day and feels that it summarises the effort that has been put into the building up of the Corps over the past five years, eur minating in our new ship. - "r believe in a team work that obliterate, personal dit. ferences for the sake of hand- ling the load." "I believe in the proper team work spirit through which the individual gives "alt", irres- pective of the weight the team mate pints into the collar. .. working party panda and we know that beeauae the cadets themselves have had a hand in the ‘work, they will appreciate the finished product; the new Warspite, twice " much. tive nautical biue due to the painting prowess of the men from Rosa Hartrick Co. Ltd. The Skipper would be remiss if he did not mention the mar- vellous cooperation received from Mr. Emile Dnnbrook and Mr. Otto Schmidt of the Kauf- man Rubber Company, from which firm space for the new ship has been rented. Thanks to all these individual! and or- tgaretiortandtrtieylartr to behalf irt the Init. Bo Mme a mod tlt carpenter . person . Emile 'Edd who, with tii " istant, has put up the parti- Mgtettt and has done all the con- atrttetioet work. The decks, once may and oil coated now have the appearance of a newly fin- ished gymnasium floor thanks to the expert 'hmtw-how' of the men from Harold M. Guy. What were until recently rather dull and d_ral)_w§ll_s and ceiling are ihinr gottttr, over; ther, srdit few-v hours yChis, age to wakip'g yet; it is fist approaching that stateyiyd the my: part of the devote 1 5" line. this Week fitst mime’ln our new 'Atatinoed on Page 10) y'llhlllll, [North Waterloo Famers'; Mutual byMSkbpcr IRON!“ Direct Insurance in Force _ W lClimbed To Record st54,000,000 _ _.,' $36,000 in unearned premiums due to, an increase in three year business written and the Waterloo Farmer Mutual, it is awn time to report and review the company's business for the past year. The year, as the report you have before you shown, is cer- tainly not " your directors and management would have liked ittobe.Anincreasein the net loss of the company rose over $82,500.00, increase of Over Fires of Unknown Origin Tamed " urged Sing/q Factor Contributing to loss Care, Proper Equipment and Its Use Could Eliminate Many Fires PRESDENT'S REPORT North Watmm Famm’ Mutual tttttttttttt lh Percy Shana, Howard Bowman, Clarence Schuett and Quentin B. Hullman. Directors elected for a three year term are: "IV. Hum all. ‘V-lcl-rv' - "I DUI-ml?“ In“, -I - U‘l‘iulllwlyuu 1nouropiaioet,theaeemnpet 1ngtpalaoeeaharititprxqterly drawnupso utoexhibitamandcorrecteiyewotflnsutootmain of theConpanyu “Decanter”. 1tRBttpdthere.u1totit-timt.for theperiodmtdedorttUt 'ute,tte1medinqto_ttpqheytotgor_infbrmathtetandthtrarmtaitnationatrivento " and as drawn by an book of the Gang-Iv. In” 21. mo. . We have examined the balance meet of the North Waterloo Farmers Mutual Insurance Company " " December " 1968. Our examination included a general mryiewotth1sarsoyptimrproeedum-deshtestaoeaccountingreeoe%and other manning evidence at we con-Mega} may in the ciTumytaneetr. ttijiuuraiacil balances o"..................,-................., 9530.33 Premiums tobe returned r.---"------.---. 203.60 _ ' 180,277.02 Total premium note residue o.....................................)-)." Surplus, Excess of Assets over Liabilities .................. Interest on investments due and accrued ....q.........r.. Agents' balances and premiums uncollected $32,548.63 gags business written priqr 93 October l, 1968 7,837.57 Reinsurance rebates réceivable o...-..."...........". Book value of real estate ""3"'.t?'1"'t" Bonds and debentum 77 at admitted value ’(par value $694,300.00) ... 1Eortgagt1oaeys on. real. estate ... Presented/thes-al-ingot-Com-tteldest-Header-q, M Street, Waterloo, Tuesday, February M. Waterloo, Ontario. Balance Sheet as et December M, 1958 AUDITORS' CERTIFICATE fuetthattheratatatrnmttasm. quiredttythetDomtnionGo- nment must show the bonds hts1dbr_tltarettenrttetartiqtetd at market Jttt nther than book value was the list- ing in our last report, lowered the value of our bonda by 866,00tl.tl0. 7 I might mention that while the losses of the company were extremely heavy, all of the loss- es with a few exceptions were incurred by policyholder: in- sured prior to the first of 1968. DAVIS, DUN_N AND_BROUGHTON, LIABILITIES SURPLUS ASSETS iGataion, Und all hazards which could cause firett. Surely his comm with martMreti .ot Thourgestsingufietoreon- trittutingtoourlotrhqttmtn the are. classed as unknown, over $118,000.000tlou! Ian: betoeieouMeoettrittatartttth.tr ttpr-trpm-tie-tner" that deteriorated hydro insul- latte, qvqloading my! Per- inataf1ation and meat are the main contrib- uting tutors. It is surely conceivable that wiring instal- led for fifteen or twenty years should be thoroughly checked and in some instances a com- plete rewiring iotr he done. We have an JnaPdetor chm.“ handthesetr-tystastainatda 1eteaofo"r88Atttt0.00thrxmgtr (our threshing (hon. a - thatuartotioMthereoatttanr mforanumbudyun. Childmnqrithmatehesandtimt eraehassenutred86M00.00- thotttoodftonttuildinttsand magenta tfr_tte destroyed. my taught on the part a! the may could have prevented 1isotttertrttrda-ftrwtoases wereiueumsdttrsrotiethstldem insured by our bro-dead form .........$ 25,840.53 . . ' 730,852.88 $ 910,929.90 y 629,832.00 [ 20h500.00 9,000.05 , 11,904.74 24,710.90 4,041.03 t, 81tM?ih11tl 7,026.74 129,867.64 778.89 2,869.32 30,000.00 elven three fisars; an, is the same procedure as ollowed by the North Waterloo Fenn- en' Mutual Fire Insurance Company in put years. Respectfully submitted, CARL IHAGEY, President. approve Briaw No.7 of the Company which will fix the number of directors, at 12 with a three-year term of office. That Is to any that four direct. ors will be eligible te election to advice policyholders - to various detects trout their premises, and yarn. ,rou1dbtatuatei-Jatthesuua. Ityro8rttttierhtldrryr,hoe- ,ri11irutotmdgetNetiretigi+ inirsqt1tmnrntsueh"eomsreb partreaqtiumyrrot1wttheer 2trxtextimmi-teoatpiiea. his again fxemplifilss the 'ha: We coinpanidi, uii magnum, if they Are inter eeted keeping the rates at dumbinouthhadviea.» terial than an be upbeat] 1mtwutmm1drmreoeueieA. mttteiff1mr-itoe-tir. dtsathof-mtterttemmntte" You will be asked_to4ay " high} face of. the. avg: in: J. D. WILSON Elected President w,