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Newspaper
Macgregor Herald
Location
Macgregor, Manitoba, Canada
Date
Dec 07, 1950
Page
4
Bank of Montreal president BC Gardner told shareholders at the 133rd annual meeting that Canada faces shadows of cold war and defence needs. He urged pay-as-you-go budgeting flexible interest rates and public cooperation against hoarding and bank buying amid tight supply and rising defence costs.
Gordon R. Ball reports total assets of 190.3 million and deposits near 2.063 billion, with loans at 528 thousand. Canada savings accounts exceed 1.8 million, up by over 500 thousand in six years. He highlights staff efficiency, welfare, and a year end salary increase while praising workers. Connie Smythe of the Maple Leafs predicts Detroit wins 1951-52 hockey season.
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