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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 21, 1920, Lethbridge, Alberta WEDNESDAY, JANUARY PAfT RIGHT and death struggle between tho firsl' tnal Oreat llritain is not sot el poaius forces, Kor a time everything l'ash as ln llle l'ast: second, Annual Meeting Ot Shareholders to subordinated 10 the turning such part of this Indebtedness lout of men. niunltlous anil material as might bo made available, tor tho pur- The fifty-third animal mooting of the- of Canadian tct use in ,ho war (iovern. poso is not now acceptable to the Unit- Bank of Cornmor" was held at lioum on 13ih January. T1u> .Vest-1 almost States as payment, because lint dint Sir Bdiunud Wulker. took chair mul after the usual organization i sok, employers, the crsvwhlle employ- al-cady a surplus of BrJJU nroeeedinKS the following Loss statement for the. rear ceding as It3 or agent to she Is anxious lo real- Xovembcr last was submlnod: the necessary produclion. Un- Izc- to theso (actors iuthe problem The balarce at credit, of 1 rofh and Loss Account, l.rouxlit for- these conditions the usual ialance- effect of Increased pur- ward'from last vear wjs ................................5 6s unj of business' chases ot luxuries ImVorled from the The orotiw for the vsar ending 29ib Novcmbor, after pro- j enterprises were lacking. To secure. States in ilio present era of douibful di'lHP. .2 ,h? Accessary produc'.lou.was Ihe only'.ttee nud easy spending, an idea will Ithluff that mattered; the cost of do-.De obtained of at.'least EOIHO of the S 4C ing fa was a mai" reasons for Ihe present eltua- and any demands made by employees ,'l01'- were granted aljyoet before ihey werej British Imports ns arose, j ]t should not be forgotten In any ts for year ending 31st March was compared with for previous prices. _.._______Europe. Debt b-v' an of exports over tement of the of Imports or by new TIi. vidlng for (ill This has been arr'opriated as follows: blvliends Xos. 12S, 130 and 131. at twelve vercent. Written off Dank Premiers Transferred to Pension Fund To adjust British and Foreign invesime change not otherwise provided Subscriptions: Salvation Army University of Toronto Memorial Kunil Soldiers' Emergency Fund, Repatriation Navy League of Cftnnfla Sundry Subscriptions............... lialanco carried forward granted almost before ih _sked. Thns irew conditions 00 I sotm, 5h from Many forma of Uialloh not yet In involve to tho ulraost a spirit circumstances, to resuming on our foreign debt and for our excess purchases from eiiwrliug nation, and the United States opposing points oi view on, ,1C1W ct securing ves- nt ..........'.J7S1.S12.000 but Europe cannot pay jnsl now. and scl i3 decreasing, we shall hope i SIVA EJJJUCO is uccreiisme, i ,n of tho Report, the President requested tho liolh permanent ami temporary. IO see a im-rcasc. in ilio Before moving the sdoptio tlie money being required for imrpos cmially nt home. The position pi E connected the transition from war to peace. The Minister of Hint our dollars can wore advsnt ance. Sir Henry Urayion. again askei agcously exiwnded for for ji minimum of ami the ilnues it will be rcttecle cheques and bank article than for ono mamifaclured In 1133.000 greatc- ilian Jlio fig-jres of last utmost as much thai Alils practical lesson will lha previous loan. call and short loans In Canada ami not be lost upon our ueoule. Its in- (Minister of Finance, and the country ures of our own annual statement. Increased aftor ;i most t-arefu! pro- vision for all tlie doubtful items wuiong tho Eauk'a Ilioeo ealn- a decrease in those elsewhere, combined effect of all these changes in assets being that our quirk or thoso of vcar by caRUy MaUrable assela havc a saiiEfjctoryintTeaae of ;tl by and stand at 43-11 hut comiiarc.s wilh per of owr Habilille.s to ilio an increase of S.9 per cent, in assets. Our of Dominion antl I'ro- Tlmlrpa itlnit- i >i .11 ".1m s vl vinciat (jovernment secnriiies have increased during the year. 7.9 Imt which baen Eteadily ille rate of earnings oiUhe nerviccs by oil? Eliara cf performed by Canadian banks for the tho vvmMm Govern- o which 1 referred last year. men. M ou, are still actively at work, and t is cf lhe ,ast victory Ixian. JerrenOy lo bo that tne keen CurreJlt 'commercial Irons, that is, finml of competition m strenuously t 115 aclivo in many dlrocllons, will not itself, are to he congratulated hcarllly uuon (bis new demonstration; incrchaMs and importers illsconUntt- of tho financial strength of Canada, j 'f for consuminlon in There was a larse reduction in the such unnecessary articles a- nuniber of subscribers, tho tolal imvo lo. ber being as compared .with I then, llicre is no royal 1.140.057 in the case of the IDiS loan, to tlle rectification of Hie for- so tliat the average amount subscrili- woge our t unaTloTed prodnr Ber'vlce reached or passed tlie ago ot a record of those places which seemed cuntributfon to offer a promising field, wilh a 25, at whirli the ISanko lo Pension Hina mi their behalf Vlew to occupyitiB Ihcni when tho When all nrrangemenls are seueial situation justified such a step, completed and Ihe liaeatfon of their program thus laid down has to (he nind settled.; employed our energies duuns! n fnrilic'r large, sum will no doubt be >'f. but Is fairly well com. 10 adjnsl the Hank's conlrlbn-i Dieted, and now that we have occn- ;lon for the period of liieir absence. Iuost o( lllu proniisinB new fields is cur intention in the very "near Canada that have been brought tare lo have the Fund again actnar-j'o our attention, and hare protected ially examined with a view to in- at Uiose point9 where crea-iln; the limit of the pensions such aclion seemed we pur- awarded. We have also throoghl it llose turning onr attention lo foreign in view of the nnseUIeii condl- (icllls- tno meantime the new lions of lhe principal foreign continuous althoiiRh the initial expenses con. decrease In Iho value of our funds and with them are, heavy, we look investments abroad. We coulo, of Bc9 'hcra becomu before Ions a course, offset this shrinkage by writ- (source of strength and profit, ing up the value of onr Investments! The Bank's Taxts in Ihfc tniteii States, but as to re-1 Some years ago. the year after the allzc the increased value we should outbreak of the war. look ocras- liavc (o liquidate our business in that 'on to refer to the subject of taxes not nlonc in sufferiim from the to snrvnly tho lack of. transporlation; country, 'we have not attempted to I'aid hy Uio Bank and advised you fiich a Fharl-slglitud pcllcv, tho total was about It have also to consider that tlio vW no dollbt cl interest to you rhsuiRp. sltuaMon between Canada ami to know that the1 sum taken out of the United States will right Itself au- iHiicu we imiu la almost entirely In metals, liccaiise companies, an 1 sold of the war we whole ot this ilcbt, do held abroad, (Continued-OH Paso ;