i? riday, November 30, 1962
JEWISH    WESTERN BULLETIN
Page Seven
report
By N. M. GOLDMAN
A stimulating me^ting^^ of the Canadiaix Jewish-Congress executive was held at the ap&rtmem of Mr. and Mrs. Chas. Walfish on Thursday, November 15.
Dr. M. Weintraub of the Education committiee reported thai the highly successful Teachers
Seminar sponsored last year by Canrdian Jewish Congress would be repeated again this year. Dr. Weintraub stated that the date
Bank of Montreal profits at new high
MONTREAL—Year - end records in loans, deposits aiid resources, plus new highs in both profits . earned and taxes, paid, are all shown in the Bank of Montreal's 145th annual statement, issued this week.
The statement shows B of M l(^ans {at an> all-Ume high ol $2,2^9 ihHlion ^ IT-.sa per cent; JHioi'e than a year ago, and reflecting a year of intense credH demands. In Contrast, the bank's securities poittfolio-; was reduced. 12:5 per cent, from $1,107 million to $969 million.
B of M resources were reported at $4,015 million a new year-end record, compared with $3,-950 million a year ago.^Deposits increased from $3,647 million to $3,713 million. Personal savings, amounting to $li834 million, are up by $85 million.
Earnings, after taxeS, for the bank's operations by more than 900 offices at home and abroad were $16,013,512, 9.84 per cent more than in 1961. Taxes also reached a r.eW hiigh - $18^353,442, or i M. 6; per cent hitire- than net earnings.
Dividend payments for the year to the bank's 22,000 shareholders have amounted to $12,-757,500, or $2.10 per share, five cents more than the 1961 figure and ten dehts. more than was paid iri 19B0:
of the seminar, was tentatively
set for January 12, and it was
rea»lved by the executive- that the national offife he aslped for the sum of $500 as financial aid for the project.
The meeting also noted thai :Ar. I. Wolfe was proceeding with the first of a series of meetings of the Young Men's 'Leader-vhip group to be held on Thursday, NoVembfef''22, at the home Df Mr. B. Lando. This first meeting dealt with Canadian Jewish Congress itself and the executive ex.'-iTessed the hope that thitJ group will encourage young leadership in the community.
The meeting also agreed to assist the Vancouver Talmud To-rah in a campaign for funds. Ii: was resolved by the Con^i-es,-: executive that the UJA staff oe used to assist the Talmud Torah in this campaign, concurring with the Zionist organiz^.tion m ^his matter.
Gala New Centre setting highlights lahmid hall:
A gala Talmud- Torah JpLaitte will xip«i the social geason^. at New 'Community Centre, Saturday, Dec. 1 at 9 p.n>;     . . -
Donna Cohen, convenor of the Talmud Torah P.T.A. annual Chanuka dance, announces a program of fun and frolic, delicious turkey supper, surprise entertainment, special door and dance prizes, sbuvehirs^^'f b'r everyone, and Ben Stone's orchestra to provide good music.
The   capable   and energetic dance   committee   is   exerting, every effort to make this dance! an outstanding social event.
Mrs. I. J. Levy is in charge of arrangements for a delicious midnight turkey supper; Mr. and Mrs. Bill Wolfman are entertainment coordinators; Mr. Harold Orloff is in charge of the bar, and Myrna Kolberg and Rina Baron are in charge of decorations.
Charge is a nominal $5.00 per
couple. The entire community is lip Goldenberg,    Gary Segal;
invited to phone for reservations to Mrs. Henry Gelfer, TR 2-2454 or Mrs. Henry Zimmerman, TR 6-9352.
Toimud Toroh junior CoBtg choir announced
Members of the Talmud Torah Junior Congregation choir whc will participate at Shabbat ser vices under the direction of thf newly appointed choir director, Mr. M- Kenig, are: Grade 4, Robert Harris, Henry Leibowitz, Keith Wolfman; Grade 5, Larry Garfinkel, Sidney Akselrod, Phi-
Grade 6, Ricky Hersh, Howard Levy, Joseph Kaufman, Alan Norton, Alex Stern, David Tar-now; Grade 7, Lou Kolberg, Jonathan Zbarsky, Mark Wosk, Hershy, Belzberg; and Grade 8, Allan Harris, Jerry Wosk, Sam-ny Szajman, Jerome Wolfman, md Jack Boxer.
The Talmud Torrh is pleased o announce the formation of a Chug Ivri for Grades 7 and 8 students under the direction of Mr. J. Baru. The first gathering of this Chug took place at the home of Dr. and Mrs. M. Wblo-chow, 1108 West 46th Ave. .
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S.T. yiDiJfh groups elect executives
Schara Tzedeck Youth program was off to a successful start on Saturday evening, Nov. 10, w^hen some 75 children attended opening night festivities. The program included songs, quizzes, games, and a comedy presentation, and was highlighted by the attendance Of Rabbi Zev Eisen-stein, youth director of Congre-grtion Bikur Cholim of Seattle.
After the festivities, those in attendance received membership cards.
A general meeting was held Sunday, Nov. 17, and two groups were officially formed; one group representing children 9-11, the other ranging in age from 11-14. The election results for the executive for the younger group were ss follows: Phillip Goldenberg, president; Sidney Levitt, vice-president; Lois Orn-stein, secretary; and Avis Ben-Ron, treasurer.
The older group chose as its executive: Fred Florence, president; Phil Sanderson, vice-^-'esi-dent; Susan Gordon, secretary; and Michael Northy, treasurer.
Both groups which r.^e affiliated with the National Council of Synagogue Youth, and the Youth program, are under the direction of Rabbi Marvin Hier. The younger group is led by Mrs. Marlene Hier. The officicl pre sentation of the charters from national headquarters will be made at a Ic.ier date.
What are
THEFACTS BEHIND THE
atWBANIi
TOaMlUmCAMADIANS
Here is a concise summary in layman's language of how the B of M stood at the ye^r^nd on October 81st, 1962
WHAT WE HAVE:
CASH: The B of M has cash in its vaults and money on deposit with the Bank of C^Hvida and other banks amounting to .
CHEQUES and other items in transit-representing the net amount of the moneys moving between branches of the Bank and into the B of M from other banks on account of customers' transactions . . .
INVESTMENTS: The B of M maintains a strong liquid position through investments in high-grade gpvernment bonds which have a ready market. Listed on the Bank's books at amortized value, they amount to .  . .
The B of M has other investments—including a divers^ed list of high-quality short-term issues. These investments are cardlHi at............
CALL-LOANS: The B of M has call loans wKch are fully protected by quickly sale-abte securities, TheseJoatos amount to . .
QUICKLY AVAILABLE RESOURCES: The resources listed above cover 47.8% of all that tlie Bant owes to the public. These "quick assets" amount to......
LOANS:During the year, many millions of dollars have been lent to business and industrial enterprises for production of every kind—to farmers, fishermen, oilmen, miners, lumbermen and ranchers—to citizens in all walks of life, and to conmiunity organizations and provincial and municipal governments. These loans amount to . .
MORTGAGES and hypothecs insured under the National Housing Act, 1954—representing advances to homebuilders .   . .
BANK BUILDINGS: In hamlets, villages, towns and large cities from coast to coast the B of M serves its customers at 900 offices. The value of the buildings owned by the Bank, together with furniture and equipment, is shown on its books at  , .
OTHER ASSETS: These chiefly represent liabilities of customers for commitments made by the Bank on their behalf, covering foreign and domestic trade transactions
TOTAL RESOURCES WHICH THE B of M HAS TO MEET ITS OBLIGATIONS.........
$ 520;065,342^
112.094.335
742.197,080
226,832.563
218.548.259
WHAT WE OWE:
DEPOSITS: While many business firms^man-jOtfflcturers, merchants, farmers and people in every type of business have substantia] deposits with the B of M, about half of the money on deposit with the Bank is the savings of private citizens. The total of all deposits is............
OTHER LIABILITIES: Miscellaneous items, representing mainly commitments undertaken by the Bank on behalf of customers in their foreign and domestic trade transactions .............
TOTAL OF WHAT THE B of M OWES ITS DEPOSITORS AND OTHERS...........
TO PAY ALL IT OWES, THE B of M HAS TOTAL RESOURCES, AS SHOWN ON THE LEFT SIDE OF THIS STATEMENT. AMOUNTING TO  . . .
$3,712,565,329
90,467.309
$3,803,032,638
$4,015,164,576
WHICH MEANS THAT THE B of M HAS RESOURCES, OVER AND ABOVE WHAT IT OWES. AMOUNTING TO............$ 212.131.938
$1,819,737,579
This figure of $212,131,938 is made up of money subscribed by the shareholders and, to some extent, of earnings which have from time to time been ploughed back into the business to broaden the Bank's services and to give added protection for the depositors.
$1,825,682,590
224,644,086
Bank of Montreal
65.878.133
$4,015,164,576
WORKING WITH CANADIANS EVERY WALK OF LIFE SINCE 1817
IN