Continued From Page 2.
ALATA PILL TR PU A  }

TOUR OF THE BATTLEFIELDS
FROM NORMANDY TO THE BALTIC

Admiral Pennant revealed that
in. covering the British landing in
the final assault on Walcheren Is-
land, which had been flooded so
that the city could not be reached
from the land side, the Navy lost
21 out of 31 supporting ships.
Within 22 days the Scheldt had
been cleared of mines, and soon
40,000 tons of provisions were
pouring into Antwerp daily. He
told of one type of magnetic mine
so arranged that 10 or 15 ships
could pass over it before it be-
came ripe; the next one would
be blown up.

TWO GERMAN SURPRISES

Von Runstedt’s counter offen-
sive in the Ardennes, Brigadier
Belchem described as a complete
surprise, accomplished by gather-
ing the force for it under cover
of the woods. For 48 hours it
created an anxious situation. But
it proved an unsound gamble, for
which the Germans had not the

. resources. They ran out of pet-
rol, with the result that great
numbers of their vehicles and
equipment had to. be abandoned.
They had counted on capturing
supplies. Persisted in too long, the
offensive proved to be Hitler’s
second major mistake. It cost
the Germans 120,000 casualties
an 500 tanks, exhausting their
strategie reserve.

Another German surprise was
the brilliantly conceived and ecar-
ried out German air attack on the
Ist of January, 1945, in which
150 British planes were destroyed
on the ground. But when the
‘British planes got into the air
over. 300 German planes were
brought down, an the Luftwaffe
was never again able to attack in
any force... Subsequently

-machines capable. of-100 miles an
hour ‘more than anything the

R.A.F. had available. But they

ate got into the air for lack ‘of
ue

THE CROSSING OF |

THE RHINE . .
© ‘Hitler’s’ third major ‘mistake,
“Brigadier Belehém. said, was :in

“electing. to fight: south | of the -
- Rhine, ‘instead: of -retreating. be-

‘hind ‘that: formidable barrier.’ 'The
“ Yesult was’ ‘that .when’ the Allied
“ armies -reached : that-‘river: the
Germans. had: nothing’ much left
to. oppose: them:.. The: Royal Air

.. Force. prepared. the way ‘for ‘the
~crossing” by, destroying. everything ::.

‘moving:.on*: the “:roads, paralized
railway::: traffic: by: ‘dropping 29

the: airdromes. useless...

Sidney .

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in supplies.
Our Press party stood on. the
bank of the Rhine and saw the
spot where the 51st Highland
Division had crossed the ri iver, 400
or 500 yards wide, and where
bridges had been thrown across
under fire to capture Rees. We
learned about the battle of Xan-
ten, last battle of the war, which

won the key to the Wesel bridge-
head.

; The: whole operation,
Brigadier Belehem said, went “ab-
solutely aceording — to plan.”

Within a month, the German high-
command, realizing after General
Montgomery placed before them
a map showing the situation that
further resistance was useless,
surrendered unconditionally on

the 4th of May, and on the 5th
the cease fire sounded all along
the front. The Second World

War was over,

THE BAILEY BRIDGES

The reeord, however, would be
quite inadequate and incomplete
without reference to the wonder-
ful feats of the engineers, in
building bridges under fire and
afterwards. In the battle of the
Rhine. 87.000 ‘British engineers

and 22,000 American - engineers
played their part. Opposite Rees

the engineers threw a light bridge

across the Rhine in 18 hours, had
a larger bridge-in 24 hours and
in 40 hours a heavy Bailey bridge
was operating. Across these 4,000
tons of supplies were thrown to
support the troops in the firing
line. Everywhere in Germany
we saw the bridges built by -the
Allied engineers to replace those
blown up by the. Germans. — It
has been said that “the Bailey
bridge won. the war.” Certainly
it played its part.

These, briefly, are some of. the
highlights. of -a very remarkable

‘tour, for which. there was no pre- .°

cedent.. Old and experienced war
correspondents like J. Ward Price
‘Ross Munro declared they

tary command to treat the Press
with such. frankness and_ distine-
tion.. As. a result. the. 60. or. 70
journalists who were privileged to
take part in’ the. expedition .-will

carry to the far corners:-of the
Empire background: knowledge. of
_ the’ European campaign that will
be invaluable to’them in: forming:

judgments: on’ the controversies oe

‘as'to its strategy and’tactis. which

‘likely. ‘to’. continue aoe
years, to com :

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N. SAANICH DROP CAGE
GAME TO MT. DOUGLAS

On Friday afternoon North
Saanich Senior High basketballers
travelled to St. Aidan’s Hall to
meet the Senior cage experts
from Mt. Douglas.

Using their familarity with the
low-ceilinged hall to good advan-
tage the home team ran up a
16 to 5 score by the end of the
first half.

After the rest period the North
Saanich boys felt more at home
and were able to match shots with
their guests to a tune of 16 to 16
but the rally came too late with
the final whistle showing a score
of 33-21 for Mt. Douglas.

BRITISH PRODUCE
NEW GEARLESS
CAR FOR EXPORT

A revolutionary new car, which
has already attracted considerable
attention overseas, was shown in

London recently for the first
time. This is the six-cylinder
“Black Prince,’ a luxury car

which is claimed to provide for
the first time in the civilian mot-
oring history a form. of. transmis-
sion which eliminates both gear
lever and clutch pedal. To start
the vehicle, the driver merely re-

control—a small switch with “for-
ward” and “reverse” positions but
is operated only when the

this

TELEPHONE
E 2513

arold S. Timberlake

FANS oT Hee AL aa

car is standing still. The “Black
Prince” has a coachwork wholly
of aluminum, built in a single

unit, shielding not only. the .pas-:
senger accommodation but also
the engine and radiator block.

OPTOMETRIST

leases the brake and presses the
accelerator. To stop it, he only
has to remove the pressure from
the accelerator and apply the
brake. With the elimination of the

MT. NEWTON SENIORS
WIN AT SOCCER

Displaying power in all depart-

ments the Mt. Newton Senior clutch pedal and gear lever, the
High team had little trouble in) number of main controls is re-
dispatching the North Saanich duced from five to three—steer-

High team to the tune of 5-0 on

ing wheel, accelerator pedal and
Monday afternoon.

brake pedal. There is a fourth

‘no less than 157,020 people
during the past year—people
like Mr. A: L. T., who needed
money to help him finish con-

pusinessmen and.

Merchants,

ort of enter siructieg his owe home. He
people in every tot of money got three. B o M Personal
- prise: borrow 4 of these Loans, totalling: more than
* < fgom the B nae expert © $600, over'a period of 18
“yas: Mr. P: pes service with | months, and he has.::paid
paker, who, 4 ter ih a them off regularly in monthly , . &B
} » the’ Forces, wanted to Ow En. ‘instalments, Now his ‘home’: ° '¥f
ns 4 _ ‘gmallwholesale baksery S20 _ is in fine shape and the loans:
“A ¢ Lacking. the e sendy Wrsineds are repaid. Interest’ cost of Fe
° y o ‘ i
came tothe Oe now running, ‘ “Ged diel sle ft an
 $500loan, Vitele pusiness. . ver'500: ‘peop e oni eveiy: =

: ze profitable |
eTroamnds one men.

M : “every: business. day: to
: borrow for. personal needs.

CASH... The B of M has casly in its vaults.and money on deposit
with the Bank of Canada amounting to woo ne ee

MONEY in the form of nates of, cheques on, and deposits with
other banks, 6 6 one ee we

INVESTMENTS: The B of M-has well over one billion dollars in-
~ vested in high-grade government bonds and other public securities,

co whieh have a ready mirket. Listed-on the Bank's hooks ata figure
: nor preter than their muirker pale, mney amount : to - ie :
The Bof M Ins other Kanda, “dehen tures and stocks, representing

—_ reconversion: from wartime to. peacetime: production, and for. exe:
” pansion of ‘productive: facilities. in’ established fields, : Valued fit:

CALL LOANS: The Bof M has call to: Ins s-which are fully protected

QUICKLY AVAILARLE: RESOURCES: The resources “Histed above,’
- of which can. quickly. be. turned: into ashy: cover A5.35%, ofall:
o that the Bunk, owes to, be public These,! vanick, agsets amount to
LOANS: During the} year, many millions of dollars have been. tent.
to: business-and industrial enterprises for. production of every:

Men, lumbermen and ranchers — to citizens in-all walks of life, and:

These louns now. Amount to. wi . Oe

- BANK: OUIL DINGS: tn hamlets; ulloges, towns and large cites
“from coast to coast the B of M. serves its customers a€-498 offices,”
The value of the buildings. owned by the Bink, together with fur
niture and equipment, is shown on Its hooks at . sor oe

OTHER. ASSETS: These chicly represent abilities of customers
for. commitments made by the Bank on thelr. behalf, covering
fateh and domestic trade transactions, totalling $21,538, G1S,59.

“VOTAL, RESOURCES: WHICH, Hu u of M, HAS. re MAT
cg On IGATIONS oe ey

* . , *

ey tt

[WORKING

: -qhpaesavenes Wiauani

WITH

rinamanninsintecmengentnhyn

Sobe Meg bh

BofM Personal Loanshelped .

walk of life come to the B.of. |

"WHAT THE 'B of M HAS IN RESOURCES TO MEET ITS OBLIGATIONS:

to 'some extent the extension of credit to. industrial enterprises for.”
Pi _ no more than the market brice, they amount to, A me . S

by. quickly saleable: securities, These loans) ‘amount i) hr a

kind, ‘including “housing and: constraction = to! farmers. fishers:

~ to Provinelal and Municipal Governments and School Distrlets, «|

rineouver Taland, TeGy Wednesday; Deeomber 4, 194600 00 SAANICH PENINSULA AND GULIMISLANDS REVIEW sow hae

HAVE YOUR EYES EXAMINED REGULARLY

647 YATES STREET APPOINTMENTS: 9 to 5

This is why, as you will see here, some
of the dollars left at the B of M are lent ©
to merchants, businessmen and manufac- |
turers to assist them in their operations,
while others are used to finance the needs”
of. governments. Some enable farmers to -
improve their farms, buy machinery and
market crops. Many others go out to help
citizens in their day-to-day financing —_—
in meeting emergencies’ and. in. taking
advantage of opportunities. a :

Bankinc is not the mysterious business
some people are inclined to think it. In
= its fundamentals, it is no more complex
than any other type of business.

The chief difference is that, instead of
dealing in goods, your bank deals in
money . . . money which belongs mainly
to you and to the many other Canadians
who deposit their funds with the bank. ~

a At the B of M, for.instance, well over a
~ million people have placed on deposit close

to one and three- -quarter billion dollars. The sum total of all these transactions a

makes interesting reading, not so much on® ’
account of the. figures themselves, but)
because of the human stories behind them.

This money doesn’t stand idle... it:
works to earn its keep.

‘At the close of the B of M’s business year, it seems.
a good thing for these dollars to. show what' they have
been doing and: forthe Bank to ‘report on the trans-...
actions which it has undertaken tee its customers from ‘
coast . coast.:

B of: Mi is constantly, ending
money. for unde

se:of an Ontario.
Y hichr=t0! Pay: for * a

. ures mounting
; to $305; 000: “The Bank. °

Montreal bought: 44% of the

issue," a total: ‘of $134,000,
whichis: now. being: used by
‘the’ town to’ complete ane

; undertaking. +2

Many | municipalities’ y use the

B of M’s facilities to: finance’
: Community:

: ‘Thatworking money ‘of yours
“is: part of. $1, 700, 000, 000
which’ ‘well over a* ‘million
Canadians: ae !

mprovement loan of.
“ $200; hé! completed: the: Job.
and |. has’ considerably: ins

: creased : the® Production’: “and:
: Profits from is farm,

WHAT THE B of M OWES TO-OTHERS:
DEPOSITS: While many business firms, manufacturers, merchants, a
farmers.and: people in-every type of. business have large deposits

with the B of -M,-the bulk of the: money: on deposit with the
Bank ty the SUVANSS of more than at mutlion private citizens, ‘Lhe

$ 192,687,153, 28 -

abt, oe

04,358,231 .24 total of all deposits is . . Ses $1,736, 212,708, 35 7 - 7 .
BANK: NOTES:. B oof M bills-in “circilation, which are payable on ae
presentation, amount too 6 Nee a oe ea REY 5,512,707, 50 ot NEO
OTHER. LIABILITIES: :Miscellancous - items, - -tepresenting mainly : ‘
Coe ee ween tH the at on: behalt of: “otal
; 40 t9'4 ; dns. their? foreign “and domestic trade. Aransact ong: tots Ing:
SD AGENT SASSI ee ie rae enti & : 23003805.
a TOTAL: OF WI TAT TH B of M owns Irs DE Posrrons L
© CAND OTHERS | 8 ca Lee Pay oe 1764729,30189
4 A TO PAY ALL] IT OWES T ie: 3 of M. HAS TOTAL RI
te eo SOQURGES, AS: SHOWN: ON THR TERT SIDE OF, “THIS i Beas:
$6,022,02642 0 0. STAT EMENT, AMOUNTING TOs _1813.985,50740

WINCIE MEANS” THAT "THE. dM IAS RESOURCES,
|| OVERLAND ABOVE WHAT IT OWHS, AMOUNTING TO $ ” 79,256,285.01

“This figute of $79 256,; aa, RL is: mada: up of: money subscrilyed by: the sharchalders
whi’ own’ the Bank k and, torgome: extent; of profits: which have from Hma: to timo been
Moughed hack into the business. to-broaden the Hank’ a servicesi::

_ouissn

$1 506, 108, 80124, . vo We at
a PROFITS: After making. providion’ for. contingencies, fo de preclae
--tion of Bank premises, -farnlture, and equipment, ‘the 3: Ot M
>. deporty a profit: (including an: adjustment in- United’ ‘Kingdom 2
Vaxed 1938-46) for the twelve months ended, October. Sst, 1946. $

_ Provision. for Income and Uxees

“Leaving a net profit: of

0,263,782.91
5,776,000,00°

- go1es0,074.44

- OF this amount, shareholders (paid dividends at thes nie of O'cents | :
wycar, plus an exten distribution of 15 cents, for cach $10- share.” : 7
of the Bank) recelved or will FOCENVE 12,000.00.
Thus, the net amonat to be added to the balance of profit from or ame
‘previous yours’ operations ds. , . + "1,067,702.91 =
10,575,688.15 Balance in the Profit and Loss Account at October Sit, 1945, a!
amounted tO. 8 eee ele ll 9,188, 502.90
ne : sake biteae ee
ae coy ransferred to Revers lund, whieh now savenis to $42, 000,000 DES
25,561,623.59 and ‘is ‘included’ in the: shircholders! funds of $79,236, 283.00
Lannea diet Sacaendaaina dade eaetidiae tt 7 mentioned abova eae Wee Ete oe Pe ele Wy ey a
= “Leaving a balance in the Profit and Tom Account at October Bust, es

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