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Newspaper
Miniota Herald
Location
Miniota, Manitoba, Canada
Date
Dec 16, 1943
Page
2
George W. Spinney presided at the 126th Bank of Montreal annual meeting in which he argued against nationalizing banks. He warned such a shift could harm privacy, service, and credit flow while praising competition among ten banks and the role of Victory Bonds in stabilizing the postwar economy.
B C Gardner General Manager presents the 126th annual statement showing total assets of 1 313 065 000, deposits with Bank of Canada 119 856 000 and investments at 799 848 000. He notes wartime banking growth, 1 200 000 customers and staff shifts, with 62 percent of male staff of military age volunteering and 36 staff dead or missing. He pledges reabsorbing returning servicemen and continued national service.
At the annual meeting B C Gardner praises staff for long hours and diverse duties. He commends managers and senior officers for training new workers on short notice and lauds women clerks for rising to the occasion keeping banking services running.
George W. Spinney speaks at the Bank of Canada urging post war planning that preserves individual ownership and competition. He warns against government overreach and calls for high productivity, initiative, and a vigorous economy to secure full employment and decent living standards for Canadians. He emphasizes responsibility of proprietors to hear the timely views on national economic policy.
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