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Maps, plates, charts, etc., may be filmed at different reduction retios. Those too large to be entirely Included In one exposure are filmed beginning In the upper left hand corner, left to right and top to bottom, as many frames as required. The following diagrams Illustrate the method: Les cartes, planches, tableaux, etc., peuvent Atre filmAs A des taux de reduction diffArents. Lorsque le document est trop grand pour dtre reproduit en un seul clichA, 11 est film* A partir de Tangle supArieur gauche, de gauche A drolte, et de haut en bas, en prenant le nombre d'images nAcessaire. Les diagrammes suivants illustrent la mAthode. 1 2 3 1 2 3 4 5 6 MONTREAL HEAD OFFICE. Zhc flholeons Bank Incorporate? b« act of parUament, 1855. Hnnual Statements 1856 to 1890 I I'KKSS ()|- CilAKI.Ks F. DAWSON' 226 .St. I .lAMKs Stui;i:t, THE MOLSONS BANK, Montki;ai,. 4th August. l!-i.')«J. Pursuant to advertisement, the Annual General Meetini^ of Shareholders tuas this day iicld, xvhen the President read the folloxving Report : — I * (Ienti.emen, — By the Act Incorporating this liank, it is provided lliat a (lencral Mcuting of the Siiarcholdcrs .shall he held on the first Monday in August, annually, for the election of Directors, etc., and at this, our first meeting, it is very gratifying to me, en behalf of the IJirectors, to exhibit such a prosperous statement of affairs as that now before you. As you are aware, this Hank commenced operations under the Charter on the 1st October last, pnd notwithstanding the expen.ses necessarily attendant ui)on obtaining Charter, printing Hank notes, new books, etc., the Bank was enabled to declare a dividend at the rate of 8% per annum for six months ended 31st March last, and to commence the nucleus of a Reserve Fund amounting to £734 Os. Id., or about one per cent, on the then (£75,723 15s. Od.) paid-up capital. It will be seen that tiie present statement is even more satisfactory, as the profits from 1st April to 26th July— 3 months, 20 days— are, after deducting working expenses £2,701 t Dividend on £79,000 for 4 mos. I Which would pay Shareholders a dividend at the rate of 87 @8%pcrannum,£2,106 13s.4d. / per annum and leave to be added to the Reserve Fund £J'J4 10 8 and as the Bank, being provided with a good stock of Bills, will not be subject to such heavy expenses, particularly for printing, we have every reason to expect that it can continue to pay dividends at the rate of 8% per annum and add considerably to the Reserve Fund. The building at present occupied being rented, and quite inadeiiuate for the business of the Bank, the Directors acquired the property in this street, lately belonging to Dr. Holmes, which is now being altered to suit the purposes of the Bank. MoLsoNs Bank, Montreal, 4th August, 1856. (Signed) WILLIAM MOLSON, President. I (inNHRAL STATKMr-:NT '.'/ I'lc . Iffhin Capital Stock paid Hank Not Hal "/ ///(■ MdlsoNS li ANK o,i tlic y,,/, Ji,/y^ , ;,, . fs 111 Circulation anccs till? otJKT Hanks. I >iviilcnd.s iinc.illcd for Deposits not I Deposits I 'earing inlcrct >earinjr interest. I'rofil and Loss for and -Hi days . C.'oniini^cnt Fund. <;old and I •Htj.iolit f,„i„ I.M .\|,nl i„ •.(;,!, ,„|^._ , .'^"j*;, [\ months ■ ii'lion Null (lOV e:«-., of other lianks iTiiinoiit Sucuritits.. .tir,,o:ir, \\ a ",-'">;") 10 I lia'anros due from other Harks ">l'er!y of (lie liank. Not nil e due from |', Notes and l!il|,s |) "iiiun A.Ljeiii.s. roregoin.r |h,.;hIs On ini>ii,in of |. \v. .\, \{ '''•■"iinted and oilier Del l-* «liie liank, not included und^ .tvd^m \u C^7.'•.3 ^0,00U I l,!)47 ■> I 1,10.5 1.-, 8 ^(i--'r> 1 3 er ( I'l". Ilui< hison ) M.isson, the foref^oiiii- !■ 1^ iir.,7(!(i 10 i;-'0l»,735 13 7 14 Keport was received anti adopted Pted. (Seconded by Messrs. (;. \V, \v irne '■ '""I <>•) I VOtl •'" I I VOtl (ilK 'I votes. 'i">')l vote!' (Signed) U.M. SACHK (. "iis/iif At a .M tlie Hon. John M( The Direcl celiiiL; of the D III, \i( el iiect(,rs held ilijs u •M ONIUK.M., .".Ill A rcsuleiil, lor ll "'"'ii'.U, William .Mol.son, !• ic ( l>ll|ll ors de< ideil ii| )ear. iigiist, IS.OG. M|., was reelected President and monnny I ^t October next, and the fa.sl "'" •■•'•lii'f! ill In.^lahi-enlsif l( iier was iiisliuded I "11 subscribed slock, si.\ mon '> "ave tlie same duly advertised. thiy. com- (Signed) \VM. yACHK Cds/lic MOLSONS BANK. /'rorccHiios of the Annual Ccncral Mccfino of I he Stockhohhrs of thi Mo/sons /uud\ held at I heir Han kino //, '.y of . I nous/, is:)7. >nse, on Momhiw I hi Al llu' Aiiimil < irnoral M''cliii if the Sh: il rif till' M.ilviii- laiiU. lii'M llii>(lav iit \\w MkI ( nil.' ll llu' Ill'lilllli living 111 las W.irkiuan, Iv "Thai William MoImui, Ksi| , Ik' rociuisii-il |ii tin- Mini (ll tivu liimilrrd |iouiii|<, in i-dii ralliij 111 llu- Cliiir, an! ■rimiiias A. iwd siik'talidii ill liis valiial I'Aaiis, Kmj , ri'i|iirsioil In ad as Suca-lary, W'il- HI, I!s|.,iln'rri',iil,iil,iiii lnhaUuflli' Vc llllllllll' f siTviios liming; ilio last i| iiiiaiiiiiiiiiislv. li \l. ll lliiinl, laiil li.lciri' llii MtiMiii;.' a slalcnii'iil nf I alT.iii-> 111 l!ii' I'.ank, .iinl alUTwanls read (lio loj- liiwiiij; ri'|xirl ; Mk. Chairman ash (Ikm i kmkn, — WIS iluii 111 ivi'ijliy ( ;i:ci. W. VVaknkk, I':sc' iilril liy I'n \M is MiM I iNs, |'',si| : Tlial \\w Ihaiiks of il ir iiicclli 1 1 II lUiiinlaiicc Willi llio iiniv^siniis iif ciiir Ai I iliiii IK an- iliii', I . , , I'ir ililo maii.ii^iMiuiil and /imIhus ilisi'liarKc of iju'ir and ail' licri'liy icndcrfd, lo William Saclu', I'.m Cishior, and lu llu- Ollicrrs ol Ihc Hank, fur III f Ini'irimraliiin, I now, l.ir^ n 111';- h liiiiil liir ymir Miliin lulialf nf ilif i)ir ra<-;■;;„; ;i;o,hi«i.i:i';::r: I ';iin:'Ma,..d 11.., ■ : ,i,.'!!;v",',i;:' !^u'::^';!:^:^^''':'"^•!;•!:'^'. III I'ViTy rrasiin In lulicvc llu' Hank tiniic til |iiy |ii'r aniiiiiii. Dividr III this ('(III III (' 111- nil 1(1 riidinas Wnrkinaii, V. al 1 1 10 rail' (if S far, I have mil ln'iii disajiiwiiiili'd, as il lias iiol niily dniii' si lull has also inrrcasi'il the ('(inliii^i'nl I'lind (■(indiiri in llic Chair." 1' (-liuni'd,) I , lor his I'lliciciit isscd unaniinoiisly. from :!( •( lo I, CM) fl 7 liciiii^ llu' Siniilii-. on Ihc .'llsl March lasl, aflcr IIIOM AS WOUKMAN, riloMAS A Chairiii ■:\A\.s, Si'crcl |p,iyiii^ yi Dividend, (.1,1 Hi Is. .!(!. The average amounl of l'.i|ier undtr Discoiinl has lieeii Till scnil Ulcers, C w. w. I''. Millir, l';s(|ui juiies, ii'iiorled the In Do Do do Ciovernni I .Scemelie do ll . f i Sit, 1 70 .I TiO.dOO il'iiien as c'leeled Directors lor ll iry. anil I ho^. iwinj; ^en- do Circii '|io-lls laii. specie oil llallij . fil.filiri MMlifi |:i,:il!" S !» 7 li « i;7'.i..'.!i:i i; KHinI (ll Ca|iilal paid up lasl year w,i liefnre ihe end nf Mav ki'^l, all ihi Wll I lAM Mdl S(1N, V. Hon. JiiiiN Moj sun ; ■riiiiMVs Mm SUN, l':s(| v.. 1 ll liiN, I'.sii ; ll'ilMAs W.iKK.MAN, I le eiismiij; year : «|. ,Sln('k (firiD.ODO) was siiliscrilicd inr, amniinl nn\s paid up is t lti'.','27!' lis. •_'ireclors for the ensiiiii lereM. . lti,i'0! II 1 the prc-eiit Dincti .ill III er. and to say lli.i ni|iiiries which .Siockhnld liiieiil In the affairs nf ihe li.iiik ply t. ers may make pi. r ippy tn re •!.'., 017 17 11 hie In other Hanks ... . 10,:) In 10 11 llalaiK Dividends uncalled for Cnnlin^ciii liiiii The Directors d esiie to e\pii'ss lion with the zeal and aide n thei r s.itislac- I'lolit ind I. for Nell I'idlit ■I.O.'iO !• Cashier, and at Ihe lanaL'eiiu'n sidiiil t of ih, from 1st .\piil lo ;t|st July, their duties of the other < Klic y and attention to iif the In^liiii t mnlllll ,«:!0 1 1 :t C;i:tl,OMt 1 1 ti (.Si.'ii, WII.I.IAM \|(i|..S()\, iiitrc.i I, .\ iii,'iist :!, is.'i the ■d liy Titii-. 1''. Mill i:k 1-: ( iold and Hiillion t' lit. I2S I.'. Notes and Checks oldihcr liaiik 1(),!IS| lo llal.iiices (hie liy other Hanks. < InvermiK'iit .Securities Hank I'rnpcrty seconded hy I )A\ 111 SviAU I, 1 ;si|., of I'ori Hope: \oles and Hills Di ited. l'i,ll.-| I 2 .^o,ooo 4,<.t0.1 H 2 1st. 'rh.il the .\ii if the Hani. nk now siitimitted, I Report of till and printed for llu- inlormatii le received, adoj alf.iirs lied iither Deli'.s due to ilie Hank holde I'.is^ed imanimon^ly. if the Stock not inchidei ijoiii'; he. ids ler Ihe In '2:i.'i,li'.'.-| 19 7 It was then moved hy Tuns. .\. I'',\ \ns, I'Nn. .t:t;i4,0Mt 14 ti seconded liy Wll I.I.VM Wakkkn, 1 2n(1 •'1' That the thanks of ihe Shareholde are due, and are hereliy (^iveii, to ihc I'res and Directors of the Hank for tin .At a iiu'clinj; of the held this day. Wm. .\|( (I of Dii IN, i; ll( slid n lanner in \v affairs of the Inslitiit hich they have iiunajjed the dent and \ ice 1 IN Mm siiN, were respectively re elected I'resi- H; 'd iinaii sly. ion (liirnij; the past year. was then moved li\ Jamks Sell i ikiki'. 1'',m|. .seconded liy JmiN III n iiisdN, l';si| Mm si\s HsNK, '(■(//, illh .\iii;iis|, l,S,"i7. ( wii.i.i.wi s.\ciii: C,;.V MOLSONS BANK. FROCKKDINC.S OK THK ANNUAL GENERAL MEETING OK TIIK (Stochholtiev0 of the ^lolsons ^anh, HELD AT THEIR BANKING HOUSE, On Monday, the 2nd August, 1858. At llic Annual Cenr: ^i Meeting of the Sharcluildeis of the Molsons Hank, held lliis ("ly at the OlFicc of the Institution, Dania"- Masson, Ks(i., having heen called to the (Ihiiir, and 'I". F. Miller, Ks(|., re(iiiesleii to act as Secretary, the Cashier laid before the Meeting a statement of the affairs of the Hank, and afterwards read the following K'. (ort : — Mr. Cl'.airman and Cicntkmen : Keeping in view the " I'inancial Crisis" through which the country has just jjassed, it can hardly be ex- l)ecteil that the Statement of the Affiiirs of the Hank, now submitted, could be so favorable as otherwise. Ft is, however, very [gratifying to the Directors to be able to state that although, like other iianks, we have not been exempt from losses, they have ttill been able (after making allowance f.)r bad and doubtful debts) to declare our usual 1 )ivi' --- -'--J ;:.^:;; ';j;:;'.: Moved hy ll.in. John MoKon, seconded l.y k. Wuod l'\,| ■ :'a,»:-' ""'.":;':t:::;^^ "■■" "■■ """^ ' ^'- ■-■' ■ ■.. ^•'''K"^'''-) I). MASSON. thiiitiiian , !'■ I'". MII.I.KK, Vl r':'::"'"""\''' '^' '--'^ -' " '— t, K vs, n. rolNnvin, ^cj'^" H,.,.! I'iuTlMis fdi ilic fiisiiinf> year: W 1 1. MAM MOI.SON, |;m,., HON. JOHN MOl.SON. IHOMAS MOI.SON, Ks,_,, I' III' DON, ICsn, Till iM AS WORKMAN', Km. Cnuu,! Slal,m,n,,.l //„■ Aflairs oj ,1, .!/„/,„;,, /;„„/,, ,,, „,^. ■.>,ut July, l.s.Vs Capital paid up ' ' liaiik Notes in Circulation . I )ej)o-ils Deposits lieatmi,' Interest . IJalanc es due to other lianks Dividiiids uncalled for ("ontinL;cnt JMind iVolli and Loss, for Netl I'rolii, from 1st April to ••nst July, IMS,— I Months ^•.'(is,7:il.ss 7.'!,S(1S.L'1U •.'7(vi:il 00 ••U-J,:.ii).i7 -'.•«,l:!s.7:. '.).i 1 27 •-".•,"'00.00 Coin and bullion Notis and (:he.|ues of other lianks Hnlances due hy other H.inks (Joverninent Secinities Hank Property Notes and l!,ll> discounte.I, and other del.ls ,|„c to tiie ISank, not I'HJiided under tlie forei;oinii heads $i,".i;i,'.»;ii (10 lifi.l-M.Ol $ioii,SL>(;,7(; ••(■^,!IOI.(i7 7!i,S.{!t T^ 200,OOU 00 L>0,.-.|;{s.^ i,o7.<,.^:.o.0!» $i,."".ii),!i;ii.(;o At a incetu,, of the new l^oard „f ,„>„,,„, ,„,,, „„, .,ay, U'nt, Molsoti, K.m, ,.„„ Molson, were respect, vely re-e!e< ted President and \i<-e- President. 1 til' lion Joh (Si-n.'d,) Miilso.SS I'.ANK, 1 Montreal. Aii-ust .'hd, |.><."iS. i WIl.i.lAM S.ACFIi:, ALVIN8TOK ONT. I AYLMER. ONT. MOLSONS BANK. I'KOCEF.niNC.S Ol- TIIF. ANNUAL GENERAL MEETING, nr Tur. ,Stochhollicv5 of the ifloiGOus ^anh, iii:ld at thfjr banking mousp:, On MONDAY, the 1st of AUGUST, 1859. Tlie Anminl (Icncrnl McctiiiL; of iIil- Slinielioldcrs of this liiink was held on Monday, 1st inst., when tiic President laid liefore tiie Mcetin}^ a Statement of the affairs of the liank, and read the following Report : — Gcntlcinen, In suliniittinj; to you a statement of the affairs of the Hank, as re(iiiired to he furnished at the Annual (icneral Meeting of the Shareholders, the 1 >ire(tors have nitich satisfaction in statinj,' that, notwithstandin}; the dcjjresscd state of roniniercial affairs, and that our circulation, in cnmnion with that of other liank'--, has very much decreased, they, in addition to [)ayment of the usual Dividends at the rate of ."< |)er cent, pc-r anntmi, have had a surplus larger than that of any previ(jus sear, to carr) to the Reserve I'und, vi/. $'JO,r)0') which raised that Fimd from J<'Ji),5(J0 to 8">0,000, as it n(Av is. The net [nofits of the year were ftSO.liSO .sfi W'h'ch were api'.ropriated, vi/ : To pa)nient of Divitlend lor half year ended 1st Octoher, lS"iS .•?.'?:.', .j-JU 1^ Do. do. do. do. 1st April, iSf)!) .'?f),;}()!) 7:} Carried to Reserve I'lmd •2(),.")00 00 •?S!>,3Si} 8G Owini,' to the depression in trade, consequent upon the late Financial Crisis, the past year has been one of consiilerahle an.xiety to your Directors ; they hope. h,)WLVer, and from report of the ( rops in the Province generally have reason to expert, a more pidsperons year than the last, hut they are not so sanguine as to suppose that one good harvest will restoie the cmmtry to its wonted prosperity. On the table is pi .ced all the Statements of the aff.nrs of the Hank as nquired by .\ct of Incinporation ; to the examination of which your atti-ntion is now in\iled ; and to an v quest ions |)ertinent thereto the Directors will have much pleasure in replving. (Signed,) Wll.l.lA.M MOLSON, President. r.iontreal, 1st August, 1S.".!1. It was then moved hy C. S, I'iiMce, I>q , seconded by 1''. \. St. Charles, \-m\ , 1st.- "That the .Annual Re[K,,iofthe affairs of the Hank, now submitted, he received, adopted and printed, for the information of the Shareholders." Passed unanimously. Moved hy James Sculthorp, Ksc] , seconded by J. Hutchison, ICsq., •2nd. — "That the thanks of the Shareholders are hereby given t„,„„ ,„ „„ j,;;:,;;:;";j;';'»" ' " '-^ .,• ...c .„,„.,„„ ,;„„„„„„ „„^. ^„„ nOM. JOHN MOI.SON THOMAS MOI.SON, Km, VVILl.fAM MOI,sON, Fs',,' K. HUDON, Ksn,, TIIOS. WORKMAN, Ks,, 'I'" W'M. Sachk, Ksn, 1 tVw/i/.T- oj Mohom Hank. ] (Signed) <;■ U-. Waknkr. I Ge„an, S.Uana.t of t,,e Affairs „f IJ,, ,,.,,,,, ,,,^„, Capital |)ai(l up Hank Notes in Circulauon. . . . , I>c,)osits l>ei.ositsl.earM,g l„teres- !?^I^9IS 2n lialances due t other Hanks I 'ividends uncalled for Contingent Fund l'rofitandI,oss,forNe., IVont.fronHs.Apnl.o -ah July, 1859,^ .-i Months and L'7 Days.. 172,11.-, SS- Coin and liullion liills and Checks of other li.nnk.s. lialances due l,y <,ther Hanks ... {Government .^ecmities IJank l'n,|)erly Notes ami l!ills di.co.nned, and other debts' due' the In' L ""^'".led under the foregoing hea.ls . . "''^^ ""^ Al a Meeting of ,he new lioar.l of 1 )irerio,s h,.|d ,l,i , -.■ores,.ect,vely..e.e,ected,Ves,den.and\-S.;:^^^^^^^^^ 1^ OH the Tu/i July^ lsr.it. ?'•»•! 7. 7 7, •{ CO -•-' ••il.SSj ,1 1'00,SOO 00 -'","> I 'J !).^, 1,427,201 SS "~~ — *i,s;{.-,,i,si 0.-, ly. U'm. Molson, Fso -i,,,! ii, . ti ' '-'>'l- .md the lion. John .Molson, MOISONS n.ANK, I ^lontreal, August 2nd, IS",!), j \VII.I.I.\,\I SACIIH, Cas/iii'r. eration Ks(|., Jiitics. I8r){). cclnl '$ ■l l,y |.. X, S,, (;l„,fc, |.;„,., ,„,„„|„| i,^ ,j „ ,, ,^|__^^^^ ^.^^ ,.c„. ;:!■ ni;:' !" ';;n;::t:' i'r,*™;:™" r *"t,""" '" ""-'•' '"-"■ "■ "- '•-"'™'. "-■'-■ n .a. moved I,,. A. ,\[. J.,,,!,,,, Ks,,, sccomk,! I.y |„, |,.„i„„„„, ''''■^''■'■'"''''^■'l'»"ks<'flhcSliarcli(,l.imlioKi™nl„lV^II„,„Si,-)„. N-„ i- i- c,c„.;n«:,:r;: rr,::;::^^:'r ^ ■■' ^'■' '"-• "■ -' "- ™"- --' .»,.,„„, WII, 1,1AM MOI.SON, THOMAS MOI.SON, JOHN H. R. MOI.SON, H. liUnON, THOMAS WORKMAN. C,w,,j/ Slalancnt of the Alhnn of tin- Moho,,, P„,ik (';i|)iial paid up. . I>ank Notes in Ciiculaiion I )eposits " bcaiin!:^ IntuiL'st I'.alance due to otiicr iianks Dividends uncalled lor Contingent hund Rest IVofitand Loss, for Nett IVolii, from Ui April to 3lst July, l.S60,-4 Months. Coin and lUiliion liills and Cheeks of other Knnks Uaianccs due !))• other Iianks Covernnient Securities Hank properly Notes an.l IJill. diseounte.l, an.l other ,lel,ls due to the liank^ not in eluded under the ^jrej^oin'' he.ids oil t/ir .11.1/ ////)', I SCO. .fl,l'n(),nO() 00 ;ii7,22() (M) - r)i;i,'.).-ifi 17 i,fir)i r,3 i;iO 00 !l, IL'S 02 7.'),000 00 Aiul at a n,eet,n,^r ..f (,„. new Hoard of 1 )irector>, .\lessr.s. Wn,. Mols, 1 resident and Nice President res|)erlively. MoI.SONS li.WK, NFontreal. Au-ust 7tli, ISdO. Mfi->-i 17 -$-',087,117 1!) 8l'!I|,I0.-. 7s •J'!, -J IS 07 "iC.,-_>71 21 ISO,00() 00 20,.-).|l) Dfi l,"iO'.»,972 tS $2,087,147 1!) on and J. II. R. M„l.son were elected wii.i.iA.M .s,\nii-:. C 'lis /tier. 12 -I'resi- ^airs of n con other Icmcn BROCKVILLtr. ONT. ted CALGARY, ALTA. MOLSONS BANK. PROCEEDINGS OP THE ANNUAL GENERAL MEETING OK IllK *hiivchciUlcvs of the lUolscms Biuih. HhCLl) AT THKIK BAN KINO HOI ISli, ON MONDAY, THE 5th OP AUGUST, 186L The Annual Mcciiiig oi' ilie Sliarcholdeis of tliu Molsniis liaiik, was held at ils iJaiikiiig House in this City on Monilay the "ith instant. The President, Win. Molson, l':s(i., having; taken the Chair, the Cashier read the tullowin;^ Report : — GeiitUincn^ The .Annual Cieneral Statement of the affairs of this liank is now suhinilted, and the Directors have aj^ain the pleasure of eongratulatiui.; the .Stockholders upon ils (onlinued prosperity, the [iiofits since last .Annual Meetini; have enahleil to dechue the usuol Dividends at the rale of S per cent per .Annum, and after niakini^ allowance for bad and doubtful debts, to add to the rest .S-JO.UUO, which raised it to $1I.'),U0U, equal to 'J.l per cent, on the Cajjital. The Net profit, after deducliiii,' all e\[)enses and writing of bad debts, were $1UO,UOO. Which wasai)pro[)riated to payment of ilivideiid fur the half year, ended 1st Oct , ISIiO. .$10,000 Do do do do halfyear ended Isl .A|)ril, lf>til. 10,000 Added to Rest '^0,000 -$100,000. iJy the Statement before you for the four months, ended the 1st instant, it will be seen that the Profits for that [)eriod, after deducting working e\|)enses, are i?!"),:)?!'.'.'!, which is ui)wards of $.'>,000 more than necessary to pay a Dividend of 1 per cent for the current half year, terminatiiiL; •">Olh .September ne.\t, and the Directors think, that from the sii|ierior diss of accounts which the I'.ank now li.is, they aie not too sans^uiiie in anticipating like Dividends. tSi;4nL dernientioncd U1I,I,IA.M .MOI.SON, lilOMAS MoLson' JOHN II. R. MOI..SON K. IIUDO.V, THOMAS WORKMAN. < apiial paid up Hank Notes in Circulation I^oposits hearing Interest .... lialances due to other lianks ... I>ividends uncalled for Rest IVont and Loss, |,,;Xeu'lV.]t;noni 1st' Ap ^Ist July, l,S(il,_i Months. Interest reserved . . . "» the Msf Ju/y, l.Sdl, $1,OUO,OUO 00 •■5")l,-'()l 00 ■^•■i'iT, 107 |-) .•i.-.l,S02 !>;( ,;,s.,^.n^ ,j^ 9,8i',s 07 I,;{70 00 'J'),000 00 Coin atui liullion. ... liills and Checks of other lianks.. balances due by other Hanks (Government .Secinities Hank Property Notes and Hills discounted Other debts due the Hank not included under the ro^gomgheads: The average amount of Paper un.ler discount during the ye.r Ins been (.overnment Securities 'Muir, has been 2,-.'r)0 04 -$-M.^7,.SJ0 \i> r)9,G'J2 \-> *-',l!il,2!J2 73 I deposits Circulation .... •Specie on hand Cajjital paid up in full.. At a meeting of the new Hoard of Direr $I,"3G,.'Uil «[) 113,3r,j .11 (J40,S8i O.') n(j,.")UO 00 1 71,802 70 1,000,000 00 »j -M. j.*n „. K. »,„i::,;v;::,;:;ii';:r'°" "^■" '"•' "">■ '"^ "•""™' -^'»'«". «- <^..., „ M0LSON.S H.\NK, 1 Montreal, 0th August, l.soi. | resident, WILLIAM SAOHE, Cashier. M PROOBBDINOS OP THE SEVENTH ANNUAL GENERAL MEETING ii|- nil: ^tockhollievs of the ^j-Iolsons ^biih, IIKLl) AT THKIW liANKINCi HOI IS K, ON MONDAY, THE 4th OF AUGUST, 1862. I'lic Animal ( iciii'iiil Miciinj^ of tlic Sliiirulioldcis of this l!:mk, was IkIiI at ils l!a'ikiii,n House, on Moiulay, 111) Aiij^iisl, \Sij-2. William Molson, I'^sc]., I'n.'siiktit, liaviiv^ taken lliu Chair, tliu (.'ashler read the following Reixirl : — (/(■u/A/nt/i, lly the Annual Siateiiient now siihiiiitted, )-oii will see tluit the [irolils of the Hank for the past year, after dediietinj; lm|iost on ciieulation, and all charges Amounted to $lls,771.S!). Which were ajipropriated, 'I'o payment of Dividend, No. 1 L', I'our [)er cent $40,000 No. i;i, I'our jier cent 40,000 Had 1 )el)ts written off 1 1,771 31) Added to Rest -'.(.OOO (:ontint;ent i'lind L>,000 $1 lf<,771 :J!) 'I'his the Directors think may he considered very satisfactory, as in consecpience of the disturbed state uf affairs in the Stales, our circulation is much reduced, and of course the profits from that source, hut from the increase in the other ISranciies of the business of the iiank there was not only no necessity to reduce the rate of our usual Dividends, but after payinj,' two Dividends of four per cent, each, and writing off bad debts, there remained $25,000 to add to the rest, which now amounts to $120,000, ecpial to 12 per cent, on the Capital of the Iiank, and still leaves $2,000 for contingencies. It is contemi)lated to n|)iily to the I.ej^islature to grant certain amendments to our Charter, which will now be brought under your consideration. Should .Sharehoklers re(iuire any information regarding the affairs of the Hank other than that contained in the Statements cjii the table, the Directors will have much [jleasuie in furnishing it. (SiKiiod) WILLIAM MOLSON, I'nsidciit. .Montreal, Ith .\ugust, 1>S(J2. It was moved by Dr. Davignon, seconded by A. Ouillelte, Ks(|., 1st.—" That the report now read be adopted and printed for distribution amongst the Shareholders." Passed unanimously. It was moved by C. S. I'eirce. ICs.p. seconded by V. Hudon, Es(|., 2nd.—" That the thanks of the Shareholders are due and are hereby tendered to the President and Directors for their efficient management of the Hank during the past year, and that the President be re(iuesled to accept the sum of $2000 in consideration of his valuable services for that i)eriod." Passed unanimously. 15 ■:m- U'lanimously. i^snnu.ni.,1 „r I,,. Oncii.ct as C.^hicr ..I the s.nd l!;,nk. I'.issi-cl Messrs (;. W, \\ari)cr iml A \f i i Wll.l.lAM MOI.SON, Km^, 'I'llOMAS .M()|,S()N, u' JOHN II. K. M()I,S()N, " I'llOMAS workman', '• A. OL'H.I.HI'ri;, ■■W<.\1\):> (lu- 0\;Hr„/ Statancnt ,./ „,e Allairs of //„■ J/,/>.,, Puu.k (apital i)aicl up Hnnk Notes in Circulation ......... Deposits i)earinj,' Interest. ... Balance due to other lianks. ...... Dividends uncalled (or Rest Contingent Fund I'rolltand Loss, n.r Nett I'rollt/rronMM Apnl -31st July, leSGL',_4 Months. Interest reserved $1,000,000 00 lN7,s.-);{ 00 to -(itii),r)7f< ;ii •1M\ 00 I -'0,000 00 L',000 00 .•J4,0'jn 03 Coin and Hullion Hills and Checks of other lianks Balances due hy other lianks . Covernment Securities Bank Property Notes and Dills discounted . . Other deins due the liank not included undu- the -ore.oin, lieack -iS-'.otii.o:);} 7. $1:!7,2(>1 70 ai.hso 11 -M,,S14 Coverninent Securities. Deposits Circulation ^specie on hand " Capital paid ui) in full A nieetin,!:; of the new Hoard lOO.-J.V] ;iL> 727,}!)rf (iii aoi',r)i'0 «3 l8(),r)0'J JS5 ,000,000 00 "I' Directi resulent, and John H. R. .M„l.s„„, Ks,, , Vice-l'resid H-s was al'ieruards held, when Wi liani .Molso.- V lent. sq., was elected M OI.SON.S IJ.ANK, Montreal, 4th Aut^ust, 1,V(J2. WILLIAM SAOHE, Ciukk 1« MffiLSOBJS IBAI^IK PRO0BBDINO8 OP THE EIGHTH ANNUAL GENERAL MEETING, nl I UK Stockholders of the Molsons Bank, HI'LI) AT I'llI-IK MANKINC. IIOUSI-. ON mOiyiDAY, THE 3rd OF AUGUST, 1863. Thf Annual CtiuTal Mirlinnof llic Shardioklfrsof tins 1!ank, was lidd at its Kankint; lluiisc,(.n Monday .'»nl August, 1SG;1. Will iMolson, l':s(|., I'lcsiilcnt, havnig taken thu chair, tlic Cashier read the luiluwing Report : - Tlie amendments to tlie Act incorporating this liank, adopted at your last Annual Meeting, were duly iirouglu before I'arliaMient ; hut in n>nsei|Uence of its abrupt dissolution the Kill was not passed ; wLaie there lore obliged to meet as heretofore on the first Monday in August. And the Directors in submitting a general statement of the affairs of the liank, have mm h pleasure in informing the Shareholders that iiotwilhstandin- the disadvantages at present in. ideiit to Hanking from causes patent to all, the profits have been such as to wamint Dividends at the rate of H per ( ent per annum, and leave a sur|.lus of $li (,01.-..l'7 of which $'.'U,UUO have been added to tiie rest, raising it to $1 lO,UOt>, eijual t(j U per cent on the ca|)ital. .'I'he nett iirotits for the year, after making allowance for bad and doubtful debts. Amounted to $lUI,()ir) 27 Which were appropriated, To rayment of Dividend No. 11 $10 000 ' No. 15 $10,000 Added to Rest $20,000 Added to Contingent fund 4 015 L'7 $101 015 -'7 It is satisfactory to be able to slate that by judicious management and av,.idance of all speculation in I'..\cha:ige with the Stales, not only has loss been prevented, but a profit has been made on that I5raiicl, of business. The circulaiion of the liank still continues very low, and much improvemenl cannot be anticipated so long as the I'ublic are saiisfie.l to lake foreign coins at more than their intrinsic value ; it may not be out ol place to nuntion that this liank has not. at any time, imported Ameri.an Silver. The Directors will be happy to give any other informatiun regarding the affair^ of the liank rciuired bv Miareholdeis ' (Sigiicl) WILLIAM MOLSON, ontreal, .Jrd .August. bS|):j. 1st,— It was then moved l.y \- . X St. Ch.irles, Mm| , seconded by V, W. Warner, Kmi. " That the report now read, be adopted and printed for distribution among the Sharehol.lers Passed unanimously." 17 'Jnil,- It was iliiMi moved liy I>. Masson, ICsi)., Hecondotl by John Miitrliisun, ICsi|. " That till' thanks of tlio SharfholilcTsarc thio, and arc hcrk.l»y tendcrcil to thi' I'lesjdont and Directors for their efficient mananen»ent of the H.mk diirinn the past year, and that the Prenident i)e reiiuestoil to ,irci<|)t tlie snn» of #2,01)0 in considiralinn ol his vahial)le services for thai period." I'assed luianinionsly, Messrs I). Massnn and John Iliitclison having i)een appointed Scrutineers, reported the undennenlioned ('■enllenien reelected Diredor-. fir the ensuing year, viz : — \VI 1,1,1AM M()l,SON, Kw... JOHN II. R. MOLSON, " KI'HR.MM IIUDON, " 'in()MASW()KKM,\N, " JOHN OCILVV, (lonrnl Slatiiiiciil of the Affain of the Mohom luitik, on the -Wit /ii!)\ lsti;<. Capital paid >ip $1,000,000 00 Hank Notes in Circulation Deposits " hearinj; Interest lialance due to other Hanks I )ividenils uncalled for Rest ( "onlinnenl I'und Profit and Loss, for Netl Profit, from 1st .\pril to :Jlsl July, l.sf.:l, - I Monilis. . . . Interest reserved $:J(i7,.>^0:J -'s .">72,ll,',tis M(l .sr),:{-.".» (.'"i tilO 00 1 10,000 00 t).oir) -J? ;i,:»8-j 71 -$:.',;»(;7,4:i7 oi Coin and I'liUion Hills and Cher ks of other Hanks Halanccs due hy other Hanks ( lovernmcnt Securities I'ank Property Notes and Hills discounted Other dehts due the P.aiik not incUided under the foregoing head. $2.")0,t(;7 '.t7 t;-j,i.'5:5 !•:• 11,707 HO loo,-jr.:» \vi •j;<,7(it; 10 i,so(;,7i-2 Hit 11 2,0!) I DH -$2,:',{;7,i:}7 01 The average amount of Paper under discount during the year has been $i,H(;0,2!Ks |0 " " Covernmont Securities 100,2;"):! Wl Deposits H29,H.")7 .'iO Circulation .. IH.'J.'.MH 00 Specie on hand V.)h,\yM 10 A Meeting of the new Hoard of Directors was afterwards held, when W.m. .Moi.son, I'1s(|., was reelected I'resident, and John II. R. MoL.sdN, Ks(|., \icc-President. WILLIAM SAOHB, Cashier. Moi.soNs Hank, I Montreal. 'M\\ .August. IHOIJ. ) 18 MOLSONS BANK. PROCEEDINGS OF THE NINTH ANNUAL gi:ni:ral Mi:i:nN(; OK TMK STOCKHOLDERS OF THE MOLSONS BANK, IIHL!) AT TlllilR MANKINC llOlSli. OiT :MO:fcTE>,A.'2-, TUB lOtH OCTOBEIS, IQ©^, The Annual Cicncrnl Meeting of ihc Sliarclioldorsof lliis I'.ank, \vaslK'l(l at iK liaiikinj; IIoumc, nn Mtiiul.iy, KMli O.lolur, ISCI. W in. Mdlson, 1vm|., I'residenl, having taken the ehair, the f'nshier re id ilie fnllmvinn Keporl : — (letilli'iiifn, Sinci- our ineelinj; in Anj,'iist last year, I'arliamenl has j;ranti',k, on Ike mi, Scpteniher, 1804. Capilal paid up IJaiik Notes in (.'irculalion 1 'eposils bearing Interest liahuK es due to other )!anks Eighteenth Dividend Dividends luicalled for Ri'st \'' i'lofit and Loss and Contingent I'und E.\< hange, >Vc., reserved $329,372 Tf) 52r),12S 5.-)- $1.00U,UO() 00 l(il,I71 00 -851,501 30 31,141 51 40,000 00 18U 00 1 00,000 00 589 24 77!) 43 -$2,217, (ir.,>5 lis Coin and llnlliun iJiils and Checks of other Hanks lialances due hy oiher Hanks. ... (ioveininent ."-'ec uriiies Hank Properly Notes and Dill.s I lisruunled Other delUs diie the llaiik not inch.ded under the foregoing heads. 114,98,s 4(1 44,179 85 10,920 75 107,253 32 8l,7iil 4 4 1,811,81(1 (W 1(1,718 05 -$l^,217,(;(i8 48 'I he average amount of Paper under discount | duruig llie )ear has heen f Oovernnient Securities I 'eposils " < irculalion Specie on liantl 2,021,128 05 108,221 15 935,3 2!) 45 21 1,102 00 1 19,052 80 A Meeung uf ,h. neu- !:„ard of Directors was afterwards i,eld, when \Vm. M,„.son, Es,, , was re-elected 1 lesideut, an.l ^..nr, II. R. .M,„..sun, Ks,, , \'ice-l'resident. WILLIAM SACHE, Ciultier. .MolSiiNS l!.\\K, I Montreal, lOdl Octijher, Isill. j' ~\ 80 *IWW*'ji''M''M*l'W«WiW» ^^ ifiVl ill i CHESTERVILLE. ONT. CLINTON, ONT. ■r 3; MOLSONS BANK. PROCEEDINGS OF THE lENTM ANNUAL GENERAL MEETING, OK TIIK STTiDCIKH DILDIEM® (OF ITIEIIE MIDILSDI^S 15AiN:iK, HKI.I) AT THEIR JJANKINd HOUSl':, ON MONDAY, THE 9th OCTOBER, 1865. The Annual General Meeting of tlie Shareholdors of this P.ank, w. s held at its linnkinj; House, on Mon- day, 9th October, 1 «();",. \Vm. Molson, Rs(|., President, iiavintj; taken the chair, the Casiiier read the following Report : — Gentlemen, In accordance with our Act of Incorporation, the Annual C.encral Stalonient of the Affairs of the liank is now laid before yf)u. Althoujih the Profits have not hoen equal to those of former years, your Directors saw no necessity for declarinf,' less than our usual dividends at the rate of S per cent per annum. The rest is now f KiO.OUO ; i)cing e(;ual to 10 per cent on tiie (:a|)iial. After writing off debts known to l)e bad, $12,000 have been carried to Contingent Fund, which sum wiil most likely be alisorbed in providing for losses from forgeries, which were so well executed as to defy detec- tion. The statements before you shew an increase of circulation for the month of September over the same month last year, and in consequence of the comparative scarcity and rise in the price of American Silver (which for some time jiast has dis[)laced P.ank Notes,) an 1 the bountiful harvest with which the Province has been favoured, your Directors are of opinion that a circulation afiproximating to that of former years, may reasonably be anticipUed. The Directors are much disa[)pointed that your New Banking House is not yet ready for oc(Mii)ation. '{'he Architect, however, reports th it we may exi)ect to have possession about the beginning ot the New \'ear. The premises, at [iresent occupied by the iSank, have been sold, to be delivered as soon as our new building is finished. The remainder of the Real I'.state, not actually required for the purjioses of the liank, is advertised for sale, by audion, on Monday next, the lilth inst. (Signed) WILLIAM MOLSON, MoT.snNs Hank, Montreal, 9ih October, KSC)"). JWsidillt. 1st — It was then moved by I). Masson, Es(]., seconded by 'I'hos. I''. Miller, Esi|. : " That the report now read, be adopted and printed for distribution among the Shareholders. Passed unanimously. 2nd.— It was then moved by John Hutchison, Es(|., seconded by ('.. \V. Warner, ICsi). " That the thanks of the Shareholders are due, and are hereby tendered to the President and Directors 21 WIMJAM MOLSON, E^g, JOHN H. R. MOI.SON, " El'HREM HUI)0\, " 'IHOMAS WORKMAN, " JOHN OGILVV, fitncral Slalcnunl of ll,c Jlff.m. of ll,c .Jflolsons »,«k, on Ihc liOlh ^Scplcnbc,-, 1865. < '^ipilal |i;iicl uji Hank Noks in ( 'iirul.itioii I 'fpusils hcaiin- Intticsl .... lialanccs dm.' lo oilier Hanks. ■I'wcniicih Dividuiul I'lviiknds imrallcd fcir Rest ' Conliiij^vnt I-imd I'lolll and l.o.s.s $M 1,4.32 .S2 to 1,1 II LT.- $1,000,000 00 l.s-J,lCS 00 i)3r,,,sn 07 50,0Gy 22 40,000 00 W> 00 1(10,000 00 12,000 00 12S 77 -$2,:}80,;ior, oo ('i)in and lUillion Hills and Clicrks of ,,tiicr IJnnks . I'-alanics due hy oiIrt lianks tes and Hills discounlcd Other ddns due the IJank n„l induded nndcr ihc' l,M-cuum^ heads" !-\change, iVc, reserved ' ' 1!)G,I02 00 3;i,77(; 2!) 13,580 ys 107,553 32 111,2(1 73 1,727,713 i)l 179,788 12 10,510 05 *2,38O,3O0 0(; The aveia-e aniuunl of j'aper niulcr discount | 'liinn- llie year, li.is heen f averai;e Oovernnient .Secuiiiies 1 )e|)osil.s " (.'irculation 8|iecie on hand 1,893,192 93 100,851 71 835,139 18 157,739 00 119,737 75 iv,,;l;;;;;:;:r;:;:',:V'M:;;:i:';;r,': v,:';,:^r:* ""• ""™ "-■ ""■■-' -"■• »- — " WILLIAM SAOHE, Ccis/iier. Mm SONS l!,\NK, I Mnnlrcal, 9lh October, 1805. [ 1 ,M MOLSONS BANK PROCEEDINGS OF THE Eleventh Annual General Meeting OK TIIK STOCKHOLDERS OF THE MOLSONS BANK, HELD AT THEIR BANKING HOUSE. ON MONDAY, THE 8th OCTOBER, 1866. Tlio Annual C.cnural Meeting of the Sliareliolders of this Banl<, was iiekl at its liaiikini,' House, ,1 Monday, Slh 0(t(jl)er, ISOC). Wni. Molson, ICsq., ''-sident, having taken the chair, the Cashier read tlie following Report:— Gentlemen, A Cieneral Statement of the Affairs of the IJank is now submitted. Since our last meeting two Semi-Annual Dividends at the rate of S per cent Per Annum have been paid, leaving the Rest the same as last year, $100,000. Contrary to anticipation, the circulation has decreased. For some niontiis past the demands of our customers have been unusually large, and the Hank has in many instances, given tiiem acconuiiodalion beyond the amount agreed upon ; which although not imme diately profitable, it was cor ,dered that the prospective results would be more than an e.iuivalent for any advantages which would temporarily accrue from employing the means of the IJank in any other manner than meeting the wants of its customers. Vour Directors coiigralulatc the SharehoUIers upon the Completion of their New Hanking House, which has been occupied since the begmning of April last, and has been found suitable and convenient. (Signed) Moi.soNs Hank, Montreal, iSth October, l.^^Ct). WM. MOLSON, President. 1st —It was then moved by Robt. Wood, Esq., .seconded by C. \V. Warner, Ksq. : " 'I'hal the Report now read be adoiHed, and printed for distribution among the Shareholders." Passed unanimously. 2nd. -It was then moved by the H(m. J. S. Macdonald, seconded by David Rea, Ks(| . " That the thanks of the Shareholders are due, and are hereby tendered to the' President and Directors 23 r 9m^m. for Ihoi. efficient manngemeni of the Dank .lurinK the past year in.l ihn, ,h Pi , .•>e s„,u ..r ,Vm in consi„e,a,i.,n of h. valual.tL servS ^n^ ^ J^^r ^t:" ^^ "'"""^','" ""^"^ Messrs R'>l)i. \V,„Hlan(l(; W Wirnpr h..,i, i '^ "K I'ai period. I assed unaniinously. Ceinleinen ..e-e.e..,ed I ),reUo's;,;.,^ :;;;::;.;;;:::; ;;-';J:"-"'-' scrutineers, repoiteci the undernLnt.oned WILLIAM MOLSON, Eso. JOHN H. R. MOLSON, Kl'IIRHM MUDON, THOS. WORKMAN JOHN 0(;iI,VY, ft «nu.al mmm of ,l,c nftai,. of flu Aolcono fi,„|, „„ „„ ^oih Sc.lcnba-, ISOO. Cipilal paid up liank Notes in Circulation Deposits l)cann,n Interest .... balances due to other Jianks. Twenty-second Dividend . . . Dividends uncalled for Rest IVofit and Loss IvxrhaiiKc, \c , reserved .... .•5K9, 7 :.'(•) 01- '' .jin and llullion iJills and (:iie< ks of oiher liauks I'.alnnres due hy other IJanks (iovernnieiit .Securiiios .. liank Prei-i.ses and .other Real Ivsiate . . . N tes and Hills discounted . . Other Dehts due the Bank not n,c,u i.d under the torcKoin, heads: The average amount of Paper under discount I (lllr lIKf Mm f.n^ K„,. I. y during the year, has been average (Joverniiicnt .Securities. Deposits Circulation . ... specie on hand *L000,000 00 I0l>,120 00 ^")-i,2rj 87 47,2;{.-. '.)•! •10,000 00 ."i.'iO 00 100,000 00 1,-J2() .')-) 072 (i2 -$2,20(J,2D7 W, 177,28!) 9!) H,7!)t 70 2 LI 34 53 107,5.5;$ ;{2 \2i;,s:\-2 .17 Lr)G5,7'J| 20 1C.5,!)0| (ii) A ""^^'inK -r -he new li.urd „f Directors was held this .lay, when President, an'! i ^ ■< 'I- R. A[oi..soN, Ks(i, Vice-I'reside nt. ■■■'■'I' ■•.•'.'.. 1 Montreal, i-ii ;><;'..:,•:,. t:^r,i\, | ■ $2,2()(;,2!)7 90 l,«70,89| 32 107,55:{ ;{2 »V.),-U\ 39 L")0,0:iO 00 99,129 52 W.M MoL.so.v, ICs.i , was re elected WILLIAM SAOHE, Cns/i/er. 24 MOLSONS BANK. PROOEEDINGS OP THE TWIEILF^II AJ^^HJAE, (BIE^IEMAIL M IE AST 3 1^(1^ OF THK cptcinbcr, lSo7. •*-'(;!t,71G 17 11)0,61)1 74- $1,000,000 00 .SiS,f)7() 00 -7t;(),4lO Dl 55,471 41 40,000 00 228 00 100,000 00 5,819 91 $2,110,000 2;$ Coin and Huliion, and Provincial Notes, Hills and Checks of other Hanks ASSETS. 130,042 04 Balance due by other Hanks .'.'.'.'..... !'!'!!*!''. ^'^ (ioverninent Securities Hank Premises and other Real Estate Notes and Hills discounted Other debts due the Bank not included under the foregoing heads.' :10,322 l,s 107,553 32 95,8-.S 11 1,533,114 09 133,048 11 The average amount of paper under discount | durnig the year, has been -$2,110,r>00 23 1,025,045 10 average (;overnnient Securities ... iat --., .. ,. n . .. 107,;)o3 32 Deposits 729,738 ii8 Circulation , Specie and Provincial Notes on hand. 98 90,973 9G 105,590 01 ™-..c.^ ;;s::n.:::;::"„""i,i::'s;" "zf "-"' "'"■ ^™™" -'- -- - as (Si\i^ned,) WILLIAM SAOHE, MoLsoNs Bank, | MontPMl, October 15, 1807. f Cashier. 26 2IX>1§(DIT§ 33111731 PROCEEDINGS OF THE l^ljjrtcditl! I^miual ^j^einfi'al ijlfetiiijl" -OK THrv STOCKHOLDERS OF THE MOLSONS HANK, HELD AT THEIR BANKING HOUSE, On Moiidiuj, tke 12th October, ISGS. Tlif AniuKil r.cncr;il Meeting of l.lie Sliaielioldt-is of tliis Hank, was licld at its l!aiikin.^ House, on Mumlay, I'-'tli Octoljer, !nG8. Wni. Molson, Ksii., I'lesitlent, having taken the Cliair, the Cashier read the following Report : - Gentlemen, A Statement of the Affairs of the IJank for tiie past year, is now siihiniited : - The Profits for tlie year amounted to 81'0,0S.'i I.". \\'hi( ii were ap|)roi)riated, To Payment of Dividend No. L'') $1U,()U0 OU ' 'u 8. 1st. -It was moved by Thos. Workman, Esq., seconded by John Ogilvy, l':.s(i. : " 'I'hat the ReiK.rt now read, be adopted and i)rinted for distribution among the Shareholders " Carried unanimously. 2nd. — It was moved by C. \V. Warner, Esi] , seconded by I'". X. St. Charles, Ks(|. : " That the thanks of the Shareholders are due, and are hereby tendered to the President and Directors for their imcient n.,u,ngnncnt ..f ihc Hank lUuum llic past vcir nn.l il,.,i .1, . n • . i the su,„ .,f #2,000 ,n .-..nsi.lcra.i..,, of his vah.ahle slv ' fl i '„ "'V^'^ -" '- -in.ste.l ... ar.vp, Messrs. (;. W. Warm-r ami V \ St , ''^^^''.^^ '7"'« '''•■'' I'e-io.l. ' Larr.cl unaninmusly. n,en.io,.oU(.c.u,c.ncnre..ctJ.'ir'.:s Jir :he onr^lT^'^'lirr'''^'' ^^^ ' -'•'-^' "^ -cr- \VII,MAM MOl.SON, Kso. JOHN H. K. MOI.SON, "" KI'HKI'.M IIUDON, IIIOMAS WORKMAN, " JOHN OCIIAY, «c,K,-.>l *h,.c,.,c«t or the n(t,mo of ,1k iHolsono ,«.„:,. on llu ;iOn, »,;,in,.»r,-, I8C8. Capital paifl up liank Notes in Circiilalion , Deposits " bearing interest Halanccs duo to other Hanks. 'rwcnly-sixth Dividend Dividends uncalled for Rest I'.xchange, iVe , unieserved . LIABILITIES. $lMI,!M).^. |;{ •">-".i,ri7l OJ ASSETS. Coin, liullion, and I'lovinrial Notes Bills and Chcrks of f.ther lianks lialances duo by other lianks (Joverninent Securities Hank {'remises and other Real K^ate Notes and Hills Discounted Other debts due the Hank nat nicluded muler the loregou.g heads. The average amount nf paper under discount ) durmg the year lias been j' average Covernuicnt Securities Deposit-s " Circulation Specie and I'rovuicial Noics on hand. $1,000,000 00 I0!,!i7o 00 77I,I7<; i:» s(i, :!(;!» 01 10,000 00 L'!)0 00 HiO.OOO 00 !»,;i7i ()[) -.$2, 17 -J,! 7!) ■>:, 22.^7.M 7!) i:t<'>,i7i ;i;! tl,:5(;,s ;;o I07,.")r):{ .-{2 'J0,ri(;.-> 15 l,:i'i">,sni 5(i 20 I,!);',!) so -$•-',172,177 2.5 1, "'01,009 .58 107,.".-);! ;i2 i'>f;i,:i;{0 .•57 '.)2,(il,S 00 174,.5t2 38 .v.:!;;;::;:;::^;'". "z^, ;;::'— *ir'" ' ""- "■■""" -"-- -- -^ — (Signed) WILLIAM SAOHE, MOL.SONS H.\NK, Montreal, October 12, ISf.s. Cds/iicr. 28 EX»=TER. ONT. FRASEHVILLE, QUE. ^ MOLSONS BANK. PROCEEDINQS OF THE jfoiniiuidli ^lumal 4H!Hcra! jjlecliim -OK THE — STOCKHOLDERS OF THE MOLSONS BANK, HELD AT THEIR BANKING HOUSE, On MONDAY, nii; llni OCTOIU-U. ls«it). 'I'lic Animal (iciicral Muutiiii; of iliu Sharcliuldcis of this liank, was liclil at its Hanking ll()us(,', uii Monday, 11 ill Ortohcr, l^(il}. J. II. R. Molsoii, I'",s(|., ViccI'iL'sidciil, liaviiig taken the Cliair, the (!asiiicr read the following Rei)ort : — Gentlemen, The Directors now heg to suhnnt to the Stockholders of the Molsons Hank, their l''ointeenth Annual Statement of its affairs, made upto^Uth September last. 'I'liey regret this statement is not so favorable as those heretofore submitted to the Stockholilers, and tbat the losses ol the liank have been larger than they anticipated. I'hose losses have arisen principally from the large number of bankruptcies during the past two or three years, the unusual ilepression of business, and the dil'liculty (if finding safe and profitable eni[)loynient for the fmuls of the liank. The great facilities afforded under the Insolvent .Act of 1801, to dishonest as well as honest debtiirs in getting discharged from their just liabilities, has caused many claims heretofore considered good, to be now written off as worthless. The action of the {iovernment in bringing before Parliament " Resoluiions " calculated to (i|)erate most prejudicially against the commen ial interests of the country, and refusing to renew the Charters of existing banks, e.\cei)t imder most objectionable conditions stated in the Resolutions, caused such an unsettled state ofaflairs, that the Directors deemed it prudent to keep a larger available Reserve than usual, which necessarily contracteil the business of the liank and conseiiuently its profits. The amount of Amcricui .Silver in this country, during the past year, has had the effect of [jreventing the IJank from increasing its circulation ; this cause, however, api)ears to be diminishing. Your Direi lots, therefore, after the most careful consideration and minute investigation of the present position of the liank, deemed it [irudent to reduce the usual semi-annual dividend of four per cent to three per cent, and further to cover all [lossible losses or ajiitingeiu ies from all past or unsettled claims due to the bank ; the Directors also decidetl to write off from the rest, ihe sum of .$l(iO,UUO. In addition to this they have also api)ropriated the further sum of $1U,Il';3 2."), being the profits on the [last year's business after paying 29 dividends amounting to seven per cent , thus inaiiing in all a sum of $1 10, 1'23 2") written off to cover the losses sustained by the iiank. The Oirectors firmly helievc this appropriation will be ample to cover all these losses, and that the Molsons Bank still has a Rest of $00,000 over and above its original cai)ital of $1,000,000. The Charter of the Hank will e.\i)ire next year and the Directors do not yet know upon what terms it will be renewed. (Signed,) J, H. R. MOLSON. Vice-President. Molsons Hank, | Montreal, 11th October, 1«09. j" It was moved ')y (1. W. Warner, Vm\., secondcil by Thos. V. Miller, Escp ; " That the Report now read, he adopted and printed for distribution among the Shareholders " — Carried unanimously. It was moved by \Vm. Sutherland, Esq , M.D., seconded by Alex. Molson, Esq. : — " That the thanks of the Sliareiioklers are due, and are hereby tendered to the President and Directors for their management v)f the F5ank during the past year, and ihal the President he recpicsted to accejit the sum of $2,000 in consideration of his services during that period." — ('arried unanimously. Messrs. (1. W. Warner and (1. K. Starke having i)een appoinleHRi:.\l IIUDON, " (Tjcncral Statement of the affairs of the JlV'^'riono lOanh, on tlie 'iOtli J^eptcinbei*, l>^Cn\ LIABILITIES. Capital paid up Hank Notes in Circulation Deposits " bearing Interest . . . Balances tine to other Hanks . 'i'wenty-eiglilh I )ividend ... Dividends uncalled for Rest I'Achange, I've, reserved ... . $lS7,r)Sl 07 lf.0,17i (■)'.> ASSETS. Coin, HuUion and Provincial Notes Bills and Checks of other Hanks Balances due by other Banks ( lovernmcnt Securities Bank Premises and other Real I'^slale Notes and Bills Discounted Other d bts due the Bank not included under the foregoing $1,000,000 00 lir>,l»,^.i) 00 (>!7,7r)") 7t') 117,807 i:\ .",0,000 00 1S2 (to f.0,000 OC r.,S27 :»o r)7,r)r)3 \r.\ i:ir.,r,i2 3't 12L3S7 22 100,2.5;? .32 80,137 ().") 1,,3.'-)3,S70 72 121.271 10 -$l,l»7!),.'i31 71) -.«!|,'J79,r)3I 7it 30 The averaj^c amount of pajier under discount I , run ooo it (luring tiie year iuis lieen ) >" i- - " average Government Securities 101, 1(5") 82 " " Deposits 704,381 42 " " Circulation 101,331)00 " " Specie and Provincial Notes on hand 172,590 77 The profits for the year amounted to $81,28!) 03 Which were appropriated, To payment of Dividend No. 27 $40,000 00 " 28 30,000 00 " Amount transferred to Had t"t 1). Debts 10,423 25 " '• at Credit of Profit and Loss 800 38 $81,289 03 A meeting of the new Hoard of Directors was afterwards held, when William Molson, Ks(i, was re-elected President, and John H. R. Molson, Es(j., Vice-President. (Signed) WILLIAM SACHS, Cas/iit'r. Moi.soNS Hank, ) Montreal, lllh October, 1809. | 31 y- rp ►i •I t ©ij»©Hr» liAWK. |}rotti^iHnj)$ oft(ie^tfUi|nll| ^nmial ^t\\m\\ 1j|*^dJi!0 OF THE STOCKHOLDERS OF THE MOLSONS BANK, HELD .IT THEIR BAMsHJ^G HOUSE, OJf MOJVDAT, 10th OCTOBER, 1870. The Annual (lencral Meeting of the Shareholders of this Bank was held at ils IJanking House on Monday, lOth October, 1870. William Molson, President, having taken the chair, the Cashier read the following report :— Gent/emen, The Directors beg to submit to the Shareholders of the 13ank the usual annual statement of its affairs to the 30th September. They arc fully alive to the disa|)pointment occasioned by the marked falling off from that which, by long custom, had grown to be regarded as the normal dividend of the Hank, viz., 8 per cent, per annum. Yet they feel assured that a large majority of the Shareholders will sustain their action as being both prudent and straightforward, and, at the same time, that most calculated to contribute to the future success of the Hank. Without at all losing sight of the inadequacy of the dividend, it is gratifying to your Directors to know that, after having made a liberal provision for bad debts, without trenching upon tiie reserve of !${iO,000, and still retaining at credit a contingent fund of $',),000 toguard against any unforeseen loss, they have been enabled to declare fur the i)ast half-year a faiily earned dividend of 3 per cent., thus e.xceeding that of the previous half-year by 1 per cent. The steady growth of the Hank's business, whicii has continued for several months, induces your Directors to look forward with reasonable expectation to a gruc''iai increase in the aTinual dividend until the maximum rate of 8 per cent, shall ha\e been attained. We have termed such rate the maximum, as the new Hanking Act disallows it being exceeded until a Reserve Fund shall have been accu- mulated etiual to -10 i)er cent, of the i)aid-up capital of the Hank. To many of the Shareholders, the ditticulty of obtaining safe and remunerative investments for the Hank's funds has, doubtless, been ai)[)arenl ; and as this promises to be further enhanced by the establishment of other Hanks in the city, and the conseiiuent addition to its banking capital, your Directors have been led to consider the desirability of the Hank's extension into the adjoining Province of Ontario ; and after nmch careful enquiry and anxious thought, they determined ui)on opening a Hranch in London, which has been in operation three weeks under the charge of Mr. Joseph Jeffery, a gentleman of large local exi)erience, who is thoroughly aapiainted with the re(|uirements of the connnunity. It is too early to pronounce upon the ultimate success of the undertaking ; all that can be .said is that, to the present time, the prospects are very encouraging, exceeding our amicipations, and the Hranih not only promises to render a handsome return from ils own operations, Init also to be of importance as an auxiliary in influencing business to the Head Olifice. The redemption and subseciueiit exportation of American Silver by the CJovernment, whilst proving of immense benefit to the Country at large, has been of no mean value to the Hanking interests, of which convincing proof is afforded by the considerable increase in their note circulation. 33 % The Directors have to invite your attention to certain Resohitions, which will he submitted to you, in connection with a renewal of tiie Bank's Charter, and as they will explain themselves, further reference to them is not deemed necessary. V/ILLIAM MOLSON, Presicitnt. Moi.SONS li,\NK, I Montreal, 1 0th Oct., 1870. f The following Resolutions were then submitted and cariied : — Resohed, Isi, — That the Directors of said Bank be, and they arc hereby authorized to notify the Minister of I'inance of their intention to apply for an extension and modification of its Charter, with amend- ments embodying and applying to this Bank the provisions contained in the I'-ighteen Sub-Sections of Section One of the Act entitled " An Act res[)ecting Banks and Bankings," passed in tiie last session of the Parliament of the Dominion of Canada, and also to ajiply to the (lovcrnor (ieneral for a Charter granting such extension and modification with such amendments. Resolved, 2nd, — That in the oi)inion of this Meeting, it would be f(jr the interest of this liank, for many reasons, that its Charter should be continued by means of a stalute rather than by the issue of a Charter by the Ciovernor in Council, and that in the opinion of this Meeting, the Directors should proceed, first, to en- deavour to obtain the passing of an Act by the Parliament of the Dominion, continuing their existing Charter with such amendments as are warranted by the said Act respecting Banks and Banking, or as shall be considered advisable in the working details of that Act, and that sucii Directors do not use the authority conveyed to them by the foregoing Resolution until they shall have satisfied themselves that they cannot obtain the passage of such Act. Resolved, .'Jrd, — Tiiat, in the opinion of this Meeting, it is advisable to obtain jiower to increase l!,o ('apital Stock of this Bank to the sum of two millions of dollars. It was moved by Robert Wood, Esq., seconded by I'". X. St. Charles, Esq. : "That the Re|)orl now read, be adopted and printed for distribution amongst tlie Shareholders.'' — Carrictl unanimously. It was moved by C. W ■ Warner, Esq,, seconded by J. Burnett, Esq, : "'I'hat the thanks of the Shareholders are due, and are hereby tendered to the President and Directors for their management of the Bank during the past year, and that the President be re{iuested lo acce[)t the sum of $'2,000 in consideration of his services during that period." — Carried unanimously. It was moved liy J. Burnett, Es(i., seconded by K. \. St. Charles, I';s(i. : "That the cordial thanks of the Shareholders are hereby tendered to Mr. John Ogilvy for his services extending over several years, as a Director of the Bank, and they cannot allow the severance of his connection without the expression of their regret." — Carrietl unanimously. Messrs. Robert Wood and (1 W. Warner, having been ai)[)ointcd Scrutineers, reported the under- mentioned Centiemen re-elected Directors for the ensuing year, vi/ : — un.I,I.\M MOLSON, Esq. JOHN MOESON, Esn. JOHN II. R. .MOLSON, " EPHRE.M HLDON, " THOMAS WORKMAN. ' '^i i 34 Geueral Statement of the affairs of tlie Molsous Bant, on tlie 30lli Sentenilier, 18?0. I.IAIIIMTIKM. Capital paid up * $1,000,000 00 Notes in Circulation Deposits Deposits bearing Interest 491,392 00 $30J,r)32 22 ;?S9,in 19 Balances due to other Hanks .... Thirtieth Dividend Dividends unclaimed Rest Contingent Kund Interest, F.xchaiige, &c , reserved. 093,073 '11 120,054 f)0 30,000 00 4S2 00 r)0,000 00 9,000 00 9,539 11 AMSF.T8. -$>■-' 1 17,741 3.S Coin, and Bullion and Provincial Notes Bills and Checks of other Hanks Balances due by other Hanks C.overnment Securities Bank Premises and other Real l-^state Notes and I'.ills discounted Other Debts due the Hank not included under the foregoing head: 2O0,S73 l.S 40,011 4.S 240,579 40 100,253 32 S1,97S 23 1,080,395 (;3 01,050 OS -62,117,711 3S 4'he average amount of paper under discount during the year has been The average Government Securilie.s " " Deposits " " Circulation " " Specie and Provincial Notes on hand 1,41 4,0 1<; 21 100,253 32 014,101 07 241,2SS 00 29.3,009 3S The Profits for the year amounted to " Amount remaining at credit of Profit and Loss from last year. 71,001 53 sen 3s .$72,170 91 Appropriated as follows : To payment of 29th 1 )ivi(len(l 30th " " Contingent Inuid " Bad and Doubtful 1 )cbts .$72,170 91 At a meeting of the new Hoard of Directors, held next day, William Molson, I's-]., was reele.:tcd $20,000 01) 30,000 00 9,000 00 13,470 91 President, and John 11. R. .Molson, Ksq , Vice-President. (S/i;?ia/,) M01..SONS Bank, ( Montreal, 10th October, 1S70. ( F. WOLFERSTAN THOMAS, Ciisli/er. ki 35 a ii^ 55': HAMILTON. ONT. HENSALL. ONT. I I i i '4 1I#I^»#KB BAWK. Ilrorcf liiiig?} of] the ^lA^lcenth Jt^^Hiuil general j||eefiiif)| OF THE STOCKHOLDERS OF THE MOLSONS BANK, HELD AT THEIR BANKING HOUSE, ON MONDAY, ^Ih OCTOBER, 1871. The Annual General Meeting of this Bank was held at its Hanking House, on iNfonclay, lUli October, 1871. \Vm. Moi.son, Presiast financial year, llranchcs have been established at Owen Sound, in the County of (bey, St. Thomas, in the County of Elgin, and Sorel, in the County of Richelieu. We are gratified to inform you that these are becoming valuable auxiliaries to the Hank's general busincs.s. Arrangements arc pending for the commence- ment of operations in Toronto. Premises have been secured, and ere the expiration of the year we hoi)e to inaugurate our business in that city. A thorough inspection has recently been made of the London and St. Thomas Branches, resulting in perfectly satisfactory Rei)orts from the Inspecting Officers. The Owen Sound and Sorel Branches have yet to be inspected, whi( h will shortly be effected. In accordance with the Third Resolution of the last Annual Meeting, held 10th October, 1S70, a Special C.eneral Meeting of the Shareholders was summoned, and held on 1st August, at which the Directors were authorized to issue $.'i00,000 of New Stock. Availing themselves of the permission, they have a'lotted Nl \ ' I that sum at a iirciniiiin of ') per cent, to the Sharcli-jlclcrs, whose names appeared in llie Slock Hooks on llie Isi August, 1S7I, in liie proportion of one New to two Old Shares. Of tliis action tiie Siiareliolders have iieen notified in a printed circular, a copy of wiiich is sul)initted. WILLIAM MOLSON, J' re si dent. Mdl.SdNS 1!\NK, I Moiilreal, Ulh Oct., 1^71. ) It was moved iiy Rolicil Wood, I'^sii., seconded by T. J. Donovan, ICs(| : "'I'liat the Report now read lie ado[)ted and printed for distrihution amongst llie Sliareholders. Cairii d ui nously. It was nujved iiy N. 1!. Corse, l'",s(i., seconded by !•'. X. St. ("harles, Es(i. : "That the tiianks of the Siiareliolders are due, and are iiereby tendered to the President and Directors for their management of the liank during the past year, and that the President be retpiested to accept the sum of Two 'Ihou'^and Dollars, in consideration of his services during that perit)d." Carried unanimously. It was moved by W. Minchin, I'"s(i., secondeil by Alex. Molson, Es(i. : " That the thanks of the Shaiehoklers are due, anil are hereby tendered to !•'. W'olferstan Thomas, I'^sc] , ('asliier, and to the Officers of the Hank, for their able management and zealous discharge of duties during the year." Carried unanimously. It was moved by \V, D. McLaren, Esq., seconded by 'I'hos. Workman, l''.sq. : "That in view of the constant and close attention given to the business of the Hank by John Molson, Ksq , it is deeiiieil desirable that some recognition of his services be made, and that, for this purpose, the sum of $I,UU() lie placetl at his dis[)osal. Carried unanimously. Messrs. \Vm. Minchin and Alex Molson, having been ap[)ointed Scrutineers, reporteil the undermen- tioned gentlemen re-elected Directors for the ensuing year, viz: WILLIAM MOLSON, E.sg. J. II. R. MOLSON, E. HUDON, IHOS. WORKMAN, Es^. JOHN MOLSON, It was niovetl by Wm. Minchin, list]., seconded by T. J. Donovan, Escj. : "That the Chairman do now leave the chair, and that Mr. Robert Wood do take same." .\ vole of thanks was then jiassed to Mr. William Molson (or his services in the chair, and the meeting closed. « ]■ 38 General Staleineiit of tlie affairs of llie Bauk, on llie 30tti Scpteuilicr, 1871. i.i%iiie.itii:n. Capital paid iii) Notes in circulation .... Deposits Do. hearing Interest. iii!|(10,02S 7(i 'J2r),«7l CI lialanccs clue to otiier Banks and Foreij^n Agents Thirty-second Dividend ] )ividends unclaimed Rest Contingent Fund Interest, Exchange, i\:c , reserved anki-:tm. Coip and lUillion Provincial Notes §r)l),2r.7 10 •j.'jri.soc. 00 lialances due by other Hanks and Foreign Agents Notes and Checks of other Hanks Hank I'remise.s Real Instate Notes and Hills Discounted Notes and Hills overdue not specially secured. . . Overdue Debts secured 'I'he I'rofits for the year amount to Amount transferred from Contingent I'und of last yt Appropriated as follows : 'i'o payment of 31st Dividend, I per cent. 32nd " I Rest Had and Doubtful Debts fj 1,000, 000 00 .S37,f<01» 00 l,3Sr.,!>0,> 10 1211,31 I 3S 40,000 00 (ioi no 100,000 00 2i,r)S7 r)(i 2!)r),073 10 liS(;,322 31 157,(17(1 07 f<3,i37 or. 30O 00 2,781, ir.3 70 10, SO 7 'J') 3,0 lit 01 111,130 73 S 10,000 00 •10,000 00 ■10,000 00 21,173 21t i,521,171t 28 ?3,02l,17i) 28 8111,173 2'.» *1 11,173 2'J A Meeting of the new Hoard of Directors was held next day, when W'm. Molson, I'^s(i., was re-elected President, and J. H. R. Molson, Esii-, Vice-1'resitleiil. (Signed J MoLsoNs Hank, (^ Montreal, 'Jth Oct, 1871. J F. WOLFERSTAN THOMAS, Cashier. 39 t I MOLSONS BANK. -••«•-«■< PROCEEDINQS OF THE ^eucntcenth ;3Vuuuul O^cneval iKlccting OK iirK STOCKHOLDERS OF THE MOLSONS BANK, Held in I heir Juiiikiiig House in A/onirea/, on Monday, i ftli October iS-^j. The Anmml C.cncral Meeting of this Hank was held at its llnnkitiK House in Monlreal on Monday, the Ulh dcloljer, 1S72. The I'residenl, Mk. \Vm. Moi.son, having taken tlie chair, tlie Cashier read ihc following Ke|)orl :— GentUmen, Your Directors beg to present for your consideration tlic usual Annual Statement of the Hank's affairs to the 30th Septeinher, l><72. Our preceding report indicated a continu.Kur of the success whicli had marked the oi)erations of the Hank for the past twelve months, and we, with confidence, direct your attention to the accompanying state- ment as affording the amplest testimony to the correctness of the opinion then advanced. After fully providing for had and douhtfu! debts, and with a contingent fund remaining of $10,30'). !»8 it has been in our power to double the Rest, which will now stand at $200,000, eiiualling nearly 11 per cent, upon our paid-up capital. While your Directors would counsel you not to rely upon a repetition of such results for the current year, they believe themselves jusiilled in anticipating a fair and reasonable measure of success, and they are the more encouraged to this expression from the strength and tenacity so generally displayed by the com- mercial community in passing through a money stringency such as has been nneiiualled in intensity for several years. Though your Directors are of opinion that importations have been in excess of actual retiuirements, they at the same time entertain a firm conviction that at no former period of its history has Canada been in "o sound and healthy a condition, never better prepared to meet its engagements. During the year Hranches have been established at Toronto, Morrisburg, and Windsor; the returns from them equal our exi)ectations and they prove of essential aid in extending our note circulation. The Owen Sound, London, St. Thomas, and Sorel Hranches have undergone inspection, and the Inspector is at present abroad for the |)urpose of inspecting the remainder. A special meeting of the Shareliolders of the Bonk was held on the 20th August, when the Directors were authorized to issue $r)00,000 of New Stock. They have allotted the same at a premium of 5 per cent, to the Shareholders whose names appeared on the stock books on the 31st August in the proportion of one new to three old shares. The shareholders have been advised of this action by printed circulars, of which a copy is suljmiltcd. ^V1LLIAM MOLSON, President. Moi.soNs Bank, Montreal, 14th October, 1872. It was then moved l)y Mr. T.J. Donovan, seconded by Mr. li. Stocks, and resolved:—" That the Report now read, be adt)pted and printed for distribution amongst the Shareholders." Moved by Mr. N. B. Corse, seconded by Mr. K. X. St. Charles, and resolved : — "That the thanks of the Shareholders are due, and are hereby tendered, to the President and Directors for their management of the Bank dining the past year, that tiie President I.'e riwiuested to accept the smn of two thousami dollars, and Mr. John Molson ijy reason of his daily and constant attendance at the Bank, the sum of one thousand dollars" Moved by Mr. John Hutchison, .seconded by Mr. J. Crenier, and resolved : — "That the thanks of the Shareholders are hereby tendered to Mr. V. W. Thomas, Cashier, and to the Managers and other officers of the Bank, for the zeal and ability with which they iiave discharged their duties during the [)ast year." The By-Laws passed by the Board of Directors of liie Bank, on the eleventh day of Octoljer current, increasing the number of Directors to seven, and fixing their (jualification at four thousand dollars, having been read to the meeting. It was moved by Mr. Ale,\. Molson, seconded by Mr. R. Bolton, and resolved : — "That the said By- Law be, and the same is hereby ajiproved." Messrs. Ale.x. Molson and R Bolton, having been ai)i)(jinted Scri't.ineers, rejiorted the undermentioned gentlemen duly elected Directors for the ensuing year : — Mk. WM. molson, Mr. THOS. WORKMAN, Mr. J. H. R. MOLSON, Mr. li. HUDON, Mr. JOHN .MOLSON, Mu. THOS. CRAMl', Mr. T. J. Ci-AX'i'ON. A vole of thanks to the Scrutineers having been jjassed. It was moved by Mr. Jac. (Irenier, seconded by Mr. John Molson, that the Chairman do now leave the chair, and that Mr. Jolm Hutchison do take the same. A vote of thanks was then i)assed to Mr. \Vm. Molson for his Svi vices in the chair, and the meeting closed. A meeting of the Directors was sui)>..([uently held, wiicn a letter was read from Mr. J. II. R. Molson, declining to act as a Director for the ensuing year. Mr. Will. Molson was then re-elected President, and Mr. John Mt)lson elected Vice-President. 42 General Slateiiieut of the affairs of the Molsoiis Bank, on the 30th Septeniher, 1872. l.lAlllL.ITlE»i. Capital paid up Notes ill Circulation Deposits without interest " bearing interest balance due to other Hanks . . , " due to Foreign Agents Thirty-fourth Dividend Dividends unclaimed icst Contingent l''und Interest, Exchange, &c., $1,141,850 00 l,OGO,r)'Ji) 00 (•)87,7I8 1(1 1,:321,(kS-J 52 .'50,l April, 72 " 34lh " " " Isl October, '72, " Had and Doubtful Debts " Rest " Contingent Fund Moi,Sf)N's PiANK, I .Montreal, 1 Ith October, \f^rl. } $18^,51)7 02 250,713 00 -$!,!>71,(;27 37 * 1 311, 3 10 02 1,23:. 20 172,101 4 1 13O,03'.l 10 4,O(;7,30O '.15 !l,125 Ot^ 42U 0(; S8, 122 05 300 00 -$1,1)71,027 37 212,312 81 25,000 00 51,731 (is 50,273 71) 27, lilt 1 SO 100,000 00 1,342 54 $237,312 81 $237,312 SI F. WOLFERSTAN THOMAS, Cashier. 43 i'l^. iili '", MOLSONS BANK. CAPITAL, $2,000,000. PAID UP, $1,444,850. §o^x'h of JliitctoiG. WM. MOLSON, Ksn , rn-sidnil. JOHN MOl.SOX, Ksn., n„.J',rs,\/,„/. TIIO.S. WORKMAN, Kso. v.. IIUDON, TIIOS. CkAMl', Km. T. J. c:i..\.\T()N, " Head Office ^^ Moutrca!. r. WOI.I'KKSTAN THOMAS, - . Cashier. I. omioii -]{)■<,. IKIIRKV, Monish)iif;—(\. K. MORION, {hnii Son III/ —T. J. |0\ S.'. J 7ioiii,is - T 1 1 0.S. li I , A K I ; .\ \:\, |1 ranches. -'^'•'"■'J^''^- I .S',;-,/_A. 1). DIRM'ORI), I 'r,>r,i„/,>~\i. ]. DALLAS, i iri/i,/.u>r-~C. I). ORASKIT, Aclj,'. .Miin.i(,'cr. M:iiiaycr. Jlgcnts. Oil,/;; ,iii,n>ii/„,i,>~\h\\K Ol' MONTRKAL RRAXCII i.S AMi A(;i..\(li:s. X,7v linnis^viJ. ,> /'. /.;. /,/„W-IiAM< Ol' \K\V 1;RI NSWICK, ST. loHiV. NoTii .s; ,./;,/ -HANK OK .\loNTki:.\L, HALIl A.\. Miy/wWAjW-CONLMKRt lAL ISANK, ST. JOILN.S. En (Ovcat *3iitain. c /,W,.//-TIIF. CITY HANK, .Mix^us. CLVN. .MILLS, ( IkRlK ,\ C... .Mlssu,. .MCiKI'ON, ROSI'. \- Co. £n Onilcli States. /'.?>■• )','//;■ -Ml. NSKs. LW, CooKl', \ Cii. NAIION.M, I'ARK 1!.\NK. .MisM<>. MORION, I;LI.SS S: CO. .MIXII.VNK'H' NAIION.M, HANK. AVnAw- .\||;R(||ANrs NATK )NAL RANK. Mkssus. KOOTK ^ IRKNCII. /(-//Ajw-casco na'iional hank. r///<«i,«~l-TR.ST N.\l|ONAL HANK. C7,rv/,rW-COM.\li:R(IAL N.\TION.\l. HANK. /V/;v-/7 -Si:(ONI) N.\i;o\.\l, H.\NK. A///Mi-I'.\R. Milks' \ .MI'.CIIANICS- NAT. HANK .l/Z/nw^/vr- WISCONSIN .M.\RIN|-. AND IIRK INSIR- ANCi: CO. H.\NK. ■l\ h. After the reading of the Report, Mr. F. Wolferstan Thomas said that it might he interesting to the Sliareholders to call attention to tiie statement of the affairs of Jay Cooke & Co., which, prol)al)ly, some of them had seen. It appeared that the debts of the firm amounted to $7,900,000, and that their assets were $15,900,000. A large pro[)ortion of these assets were locked up in the Northern Pacific; but those easy of realization — such as t)ills receivable, credits and securities, which could be sold — amounted to some $7,807,000, added to which, there was about $1, 500,000 which had been lent to the Northern Facfic Railway, but which was perfectly secured by more thati $3,000,000 of the Stock of the Oregon Steam Navigation Company. Including this asset, the easily realizable jiroperty of the firm exceeded $9,000,000, with which to l>ay $7,900,000. Mr. Cramp had recently been to New York, and from enquiries he had made there, he became satisfied that the Bank would eventually lose little or nothing by Jay Cooke & Co., and having written to the Agents of the Hank in New York for a canilid statement, had been told, in reply, that the statement submiltetl by the firm to their creditors, appearetl to be exceeedingly fair and reasonable ; that they would eventually pay the whole debt, principal and interest, ami that, directly the agreement with their creditors had been signed, they would make a distribution of money now in their hands. It was then moved by Mr. A. Skaife, seconded by Mr. Miles Williams, Jr., and resolved: — "That the Report now reail be adofjled and printed for distribution amongst the Shareholders." Moved by Mr. \V, 1). Mci-aren, seconded by Mr. I''. X. St. Charles, and resolved: — "That the thanks of the Shareholders are due, and ate hereby tendered to the President, Vice-President and Directors for their management of the Hank during the past year; that the President be requested to accejJt the sum of two thousantl dollars, aiul the \'ice-President a like sum, in recognition of his unremitting attention to the iiank's business, necessitated by the illness of the President." Moved by Mr. John Hutchison, seconded by .\lr. R. Campbell, Jr., and resolved — "That the thanks of the Shareholders are due, and are hereby tendered to Mr. I'. Wolferstan Thomas, Cashier, the Managers and other Officers of the Bank, for their zealous discharge of duties during the past year " Messrs. E. !•'. Cuter and '1". J. Donovan having been called upon to act as scrutineers, took the votes of the Meeting, and rei)orted the imdermenlioned gentlemen duly elected Directors : — Messrs. W. MOLSON, Mf.ssrs. E, MUDON, JOHN MOLSON, " TllOS. CRAMP, TIIOS. WORKMAN, " T. J. CLAXTON, R. W. SMKPHKRD. A vote of thanks to the Scrutineers having been passed, It was moved by .Mr. Jean Leclaire, seconded by Mr. j.is. Cirenier : — "That the Chairman do now cave the chuir, and that Mr. Miles Williams do t:ike the same." A vote of thanks was then |)asseil to .Mr. John Molson for his services in the chair. The Meeting then clost'd. PROFIT AND LOSS ACCOUNT, 30th SEPTEMBER, 1873. To Dividend No. ;ir), I per cent., Isl April, IST.'i .$(".1,779 52 No. .U!, 1 per cent., Ist Octobe^ 1.S7.J 71,-2r.2 52 " P.ad ami Doubtful Debts 74,807 03 •• carried to Rest 150,000 00 forward to ne.\t year 0, 103 27 $307,312 34 By Balance at credit Contingent Funil from l.ist year $10,305 98 Profits of the year 3.32,000 30 I'ive per cent. prem. on .^-".UO.IXX I New Stock, second issue 25,000 00 $307,312 34 M ■ :i f' - 10 i Geueral Statement of tbe affairs of tlie Bank on tlie 30tli Septemlier, i873. Capital authorized $2,000,000 Capital suljscrihcd 2,000,000 I.IAnil.ITIKM. Capital paid-up $1,837,07") 00 Notes in circulation 1,215,945 00 Dominion Government Deposits, [jayahle on demand 180,950 C3 Dominion Government Deposits, jiayable after notice 7G,920 00 Other Deposits, payable on demand 1,593,701 12 iv\\ Other Deposits, payable after notice . . . Due to other Hanks in Canada Due to Foreign Agents Due to Agents in the United Kingdom. Rest 'I'hirty-sixtli Dividend Dividends unclaimed Interest, Exchange, &c., reserved 599,188 70 30,131 51 7,559 29 53,228 89 350,000 00 71,811 29 500 42 54,523 85 -$0,072,255 73 Specie $198,314 05 Dominion Notes 172,915 00 Notes of and Cheques of other Hanks 250,899 20 Halances due from other Hanks in Canada 84,409 93 " " Foreign Agents 120,490 83 " " Agencies in United Kingdom 731 00 Loans and Bills discounted on Hank Stocks 99,150 12 Honds and 1 )ebcnlures 90,380 09 •' to Corporations 25,000 00 Hills Discounted and Current 4,885,075 03 past due, not secured . and past due, secured Real F.statc Hank I'remises . . 18,401 45 28,304 13 300 00 91,808 58 -$0,072,255 73 F. WOLFERSTAN THOMAS, Cashier. MoLSONS Hank, | Montreal, 13th October, 1873. j 47 '■'A \ \ JaJll iA MOLSONS BANK. CAPITAL, $2,000,000. CAPITAL PAID UP, $1,837,075. ^biul) of Jlivcctovs. WM. MOKSON, K.^(.,., /V,, /,/,///. JOHN i\l()LS()\, V.s,,., /■/•,,-/'/, >/,/,///. TIK.S. WOUKMAX, Km... i t. J. (LANTOX, I^n. v.. IIL1)(JN, i;s,j. TIIOS. CkAMI', Ki,,, K. \v. siii;i'Iii:ri), i:^,,. J feud ( \lfict\— Montreal. V. WOI.l T.K.SIAN 'llloMAS, Ct.Jii,- n,,H/.ri//,~\. \V. li, ki\|.;ks, Ji.Xf/ir — /.oii,/oii-y)s. .ii;i'i-i;kn-, A/e.ifoni-W M'l.I.r.k, -I/55 37 17 u- u > u . «257.'J58 G4 from which has been taken : 37th Dividend, 4 per cent., 1st April, 1874 $ 76 505 49 38th Dividend, 4 per cent, 1st October, 1874 79 455 73 Transferred to Rest 100,000 00 $255,9Gl 22 Balance remaining at credit of Profit and Loss $1,997 42 The reserved profits now stand at $450,000, ecjuivalent to 22i per cent on subscribed capital. A branch of the Bank has recently been established at Smith's Falls. The usual inspection of the branches of the Bank has been satisfactorily accomplished. All the accounts have been subjected to careful scrutiny, and the result indicates a healthy, prosperous and progressive business. JOHN MOLSON, Vice-President. MoLSONs Bank, I Montreal, 12th October, 1874. f 49 r- Moved l)y Hon. Justice C. I). Day, seconded by Mr. Alex. Molson,-"That the Report now re.ul l,e adopted and printed for distribution amongst the Siiarelioiders," Carried unanimously. Moved by Mr. C. J. Hrydges, seconded by Mr. R. Moat, -"That the thanks of the Shareholders are due, and are hereby tendered to the President, Vice-IVesident and Directors, for their management of the Hank during the past year; that the President be reciuested to accept the sum of two thousand dollars, and the Vice-President a like amount." Carried unanimously. The Cashier then read a letter from the President, slating that as he had not been able to attend at the Hank during the past year, he begged to decline any remuneration, should it be as usual, voieil him. Mr. T. J. Donovan moved, seconded by Mr. John Phelan,— " That the I'resident, on account of his non-attendance at the Hank, having declined any remuneration, the Vice-President be requested to accci.t the sum of throe thousand dollars, instead of the two thousand already voted." Carried unanimously. Moved by Mr. Harnston, seconded by Mr. E. V. Carter,— " That the thanks of the Shareholders are due, and are hereby tendered to Mr. V. Wolferslan Thomas, Cashier, the Managers, and other officers of the Hank, for the efficient manner in which they have discharged their several duties." Carried unanimously. Messrs. E. P. Carter and F. Bond having been appointed Scrutineers, took the votes of those present, and reported the Hoard of last year unanimously re-elected for the ensuing year, as follows : Messrs. William Molson.John Molson, Thomas Workman, E. Hudon, Thomas Cramp, T. James Claxton, and R. W. Shepherd. A vole of thanks to the Scrutineers having been passed, it was moved that the Chairman do leave the Chair, and ihat Judge C. D. Day do lake the same. A vole of thanks to tlie Vice-President, for his services in the Chair, was then passed, and the iDeeting closed. A meeting of the Hoard of Directors was afterwards held, at which Mr. William Molson was reelected President, and Mr. John Molson, Vice-President. H 50 1i' Lkiicnil Statement of the njjairs of the Mohons Ihiuk on tlie jot/i Septeinkr, /Sy.f. U Capital aulhorizcil . (Japital sul)scrit)ct] . #-',000,000 . -',000,000 LIABILITIES. Capital i)aid ui) Notes in circulation Dominion (Jovcrnnicnt Deposits |)ayai)le on dumand. after notice. Oilier Deposits payable on demand " " after notice Due to other Hanks in Canada '■ Foreign Agents " Agents in United Kingdom Rest Profit and Loss Thirty eighth Dividend Divitlends unclaimed Interest, Exchange, tVc , reserved. $l,!)8fl,510 00 1,317,0'),-) 00 Jl,70-' 0(1 150,000 00 1,814,856 94 080,093 31 92,250 21 10,205 08 450,000 00 1,997 42 79,455 73 811 01 37,550 30 ASSETS. Spi-'cie 8207,147 54 Dominion Notes 27.5,085 00 Notes and Checks of other Hanks Balances due from other Banks in Canada ' " Foreign Agents '' Agents in United Kingdom Loans and Bills discounted on liank Stocks " Bonds, Stocks, \-c Hills discounted and current Bills discounted, past ^ je, and not secured Real I'^state other than Hank premises Book premi.ses at Head Oflice and Branches, at their actual cost Moi.soNs Bank, ) Montreal, 12th October, 1874. J -$0,652,090 00 482,2.(2 51 255,1 10 04 138,982 81 130,949 09 35,970 31 13,400 00 80,289 78 5,341,078 89 37,723 21 300 00 130,022 73 $0,052,090 00 MOLSONS BANK. CAPITAL, $2,000,000. CAPITAL PAID UP, $l,08G.51O. goavrt ot gimtorss. VVM. M()|,H()N, Ks,,i,, l'nv,lnil. 'I'llOS. WOUKMAN, Ks,). K. IIUDON, Ks.^ TIIOS. (KAMI', Ks., T. .lAMK.S ('LAXTON, Ks,/. |{. W. SIIKI'IIKKI), Kmi. llcaH Ojfuc—Monlnal. V UOLt'KKSTAN THOMAS, CW,,,,. Svunchw. linirLrill, ,]. W. li. klVKKS, H.>-ri,r K, \V. STUATIIV, l.oiiilim JOS. .IKIKKKV, Mnijui-d 1', Kl'M.KM, Mi>rri.^hi(ni (J, K. MOKTO.N", Oinii Suiiiid -T. .(. ,IOV, Miiimj;ur. .V/rt/V//'.< /'W//.S -A. I-. THOMAS, MiiiiiiKur ,SV«./— A. I». DIJRNKOKI), St. Thnmiu TIfOS. HI-AKI:NKV, ToioiiId- \i. ,(, DALLAS, •' Wiiiihiii- ('. 1), (JHASKTT, '< \yii,l„.- „,„/ ()i,/„,.;„ IJANK OK MONTKKAL liKANCHK.S AM) A(iK\( 'IKS. \i,r linniMri.l; „n,l /'. A'. As/,,,,,/ HANK Ol'' N'KW Hlll'XSUICK, ST. .JOHN, N. |{. yarn Sn,ii„ HANK OK .MONTKKA L, IIALIKA.N, N. S. .V, ,'• l\„n„ll„iul COM.MKItClAL MANK, ST. JOHNS. ^h\ r>vfat gvitaiu. A,-/(,/o/( HANK OK MONTRKAL, Mkssk.s. OLVN, MILLS, (;UltllIK & OO. Mi.ssKs. MORTON, ROSK k CO. ;3(u ^luitcrt ^tatc$. A'<"' )',„■/ .Mkssk.s. MORTON, HLISS & CO. Mi;ssi;s. HKLL & S.MITIIKRS. MECHANICS' NATIONAL HANK. liosloii .MKRCHANTS' NATIONAL HANK. /W//r/»,/— CASCO NATIONAL HANK. C7i(V(j,/o— FIRST NATIONAL HANK. Chnhiiil. -COMMIORCIAL NATIONAL HANK D'h-nh SKCONI) N.\T10NAL HANK. Iliiilhhj FAR.MKJIS'A .MKCHANICS' NAT. HANK ,l///,c,(»^,;— VVI.SCONSIN .MARINK ANI) KIRK INSURANCi: (JO. BANK. yWc(fo— SECOND NATIONAL BANK. COLIvECriONS MADb: IN ALI. PARTS OK THK IJOMINION, A.\i> KirriKxs rKOMi'Ti.y k/:mitti:i) at ia>hi:st katks uf /;.\cj/a.\o/:. I ^ 52 I I i LONDON, ONT. MEAFORO, ONT. ®I,S®NS BANM PROCEEDINGS OF THE Toientieth Anfiaal GeoeFal IWeeting OF THE STOCKHOLDERS OF THE MOLSONS HANK, Held at their Baiikiui^ House hi Montreal, on Monday, nth October, iSj§. ■ ♦ * The Annual General Meeting of this Bank was held at its Banking House, in Montreal, on Monday, the 11th October, 1875. The President, Mr. John Molson, having taken the chair, the Cashier read the following Report: — Gentlemen, — Your Directors submit for consideration the annual statement of afTai.-u to the 30th September resulting in a net profit of , $-211,r)29 19 To which add the balance at credit of profit and loss account, 30th September, IS74 1,997 42 $213,.')2C Gl This has licen apjiropriated as follows : To 39th Dividend, 4 per cent., 1st A[)ril, 1875 $79,646 00 To 40th Dividen.I, 4 per cent., 1st October, 1875 79,759 60 To Rest 50,000 00 $209,405 60 Balance remaining at credit of profit and loss $1,121 01 Due allowpnce being made for the severe and long-continued depression in every branch of trade and manufactures, we believe you will share our satisfaction at the result of the year's business, for whilst ample provision has been made for bad and doubtful debts, the customary dividends have been paid, and the Rest has been increased to $500,000, a sum equivalent to 25 per rent, on the subscribed capital of the Hank. The adjoining i)rcniises, at present partially occupied by the Mechanics' Hank, have Ijecn ac(|uire(l at a cost of $100,000. Pull possession will not be obtained until the 1st May ensuing, at which time it is our intention to remove tliithcr the Savings' Department of the liank. The change will increase the more efficient working of the general business of the Hank, our present ot'fice room being somewhat limited. The Branches of the Hank have been once or oflencr inspected during liic i)ast year. Since our last annual meeting we, in common with you all, have sufferuil a sad loss in the deatli of Mr. William Molson, one of the founders of the Hank of which he had been President from its inception, a term of nearly twenty years. Wiiat success the Bank has achieved must be mainly attributed to him, to his constant vigilance, his jiractical commercial experience, his sterling common sense, and his unswerving fidelity to the Hank's interests. Iiei)assed iway on the 18th I'ebruary last, altera well-spent life, full of years and honors, regretted alike by rich and poor. Mr. John Molson was elected to succeed him as President, and tiie v.acancy at the Hoard was filled by the election of the lion. 1). I,. Macpherson, of Toronto. JOHN MOLSON, President. MoNTRF.AT,, lllh October, 1875 fi3 The report having been unanimously adopted, It was moved by Hon. Justice C. D. Day, seconded by Mr. F. X. St. Charles, "That the Shareholders desire to place on record their high sense of ihc services rendered to this Institution by its late President, William Molson, Esq., one of the founders of the IJank, and who, through so many years, discharged the duties of his position with untiring energy. "They co .sider the death of Mr. Molson not only a great loss to this Bank, but to the entire community in which he lived, and they unite with the Directors in the resolutions transmitted to his family by them on llie occasion of his lamented death." After a few remarks by the mover, appended below, this resolution was adopted by acclamation. Mr. \V. 1). McLaren then moved, seconded by Mr. C Roy, — "That the thanks of the Shareholders arc due, and are hereby tendered, to the President, Vice President, and Directors, for their management of the Hank durin|.; the past year, and that the President be rccjuestcd to accept the sum of three thousand dollars. Carried unanimously. Moved i)y Mr. R. Campbell, seconded by Mr. R. Moat, — "That the thanks of the Shareholders arc due, and are hereby tendered, to Mr. F. Wolferstan Thomas, C'ashicr, ihe Managers and other officers of the ISank.for the efficient manner in which they liave discharged their several duties. Carried unanimously. The Chairman then re(|uested Messrs. W. D. McLaren and Frank JJond to act as Scrutineers for the election of Directors, the poll to remain open until four o'clock. At four o'clock the Scrutineers re[)orted that the old I! lard had been re-elected as follows -. — lohn Molson, Thos Workman, E[)hraim Hudon, Thos. Cramp, T. J. Claxton, R. W. Shephertl, Hon. D. L. Macpherson. After a vote of thanks had been [iroposed to the Chair, the meeting adjourned. Immediately afier, a inLctiriL; of the new Hoard of Directors was held, at which Mr. John Molson was re ele rcspccl to tlic prnpriely nf udnptin^ lliis lesolvilion. Of the Imsinohs (|u.ililios cif ihe l.Ue .\Ir. William Molsmi it is unnecessary for me to speak in the presence of Imsincss men. They all liiiow lifter than I can deserilie the intellii^erice and eapaeily, the iinlirini; industry and sai^aeious spirit, minj^led with a caution which nevi.'' sU'pl, and coinhined with these an intej;rity wliich I believe no man ever ipiestioned or coidd i|iteslion, and which secured for him . n ample lorlune and an iiilluetuial ancl honoralile pl.ice in the comnuinity in which he spent his loni; life. This would not he the pi.'ce —indeed it would lie unl'itlini^ that I should enter up m any elahorate enlo^jy or make a loiif; speech upon this subject. I m.iy be permitted to say, however, that as a citizen, .Mr. Molson's position was i|uile eipial to that which he held in the commercial coi,;Miunity. lie belonged to that class of men, somewhat rare, who know the value of money, yet whose heart is ever open to the appeal which are made to their benevolence. Of his riches he lieslowe /■>;//., -A. L. THOMAS, .SV«v/-H. C. HRKVVKR, .SV. Thomas— Vi. K. MORTON, Ton>iilo~\.. H. ROIiKRTSON, i\'imhoi~c D. (;rasi:tt, H;//niiU-]. W. M((;i,ASHAN, AkotU M.inagcr. Ilgents <'/„/w and On>nno-V,.\^K OF MONTREAL BRANCHES AND AGENCIES A'.u, Hn.ns.rirk &-^ />. A. /./„;„/-IiANK OK NEW BRUNSWICK, ST, [OIIN N It N,n.a .W,.-BANK OK MONTREAL, HALIFAX, N. S.. AND HALIFAX I'.ANKINc; CO AVkv.'«;/,//,;W^COM.\H:RCIAL liANK, ST. JOHNS. ^/u 6mit gntaln. /.'W..- RANK OF MONTREAL, Mksshs. GLVN, MILLS. CL:RR1F ^ Co Mkssus MORTON, ROSE & CO. New yor/.' iMr.ssiis MORTON, HLISS \ CO. Mi-ssKs. I'.FLL & SMITIIERS. MECHANICS NATIONAL HANK. /,•„,/„„ -M i'RCH ANTS' NA -lONAL li.\NK. / W/a;/,/- C.VSCO NATIONAL li.VNK. C/4/,,?j,w- FIRST NATIONAL .MNK. ^(n ^Initrrt ^tatcjs. C/.vf/«W-COMMERCIAL NATIONAL HANK. />.'//v)//- SECOND N.VITONAL HANK. ^'''^"'''-'•'ARMERS' «: MECHANICS' NAT. HANK. Mihvaukec - WLSCONSIN MARINE AND FIRE INSURANCE CO. HANK. T-tf/f*- SECOND NATIONAL HANK. CGLLECIIOHS MADE IN ALL PARTS OF THE DOMINION ./.\7. i^E,n., Vice-President. 58 GENERAL STATEMENT Of the Ajfairs of The Afo/sous Ba)ik on the jot/t September, iSj6. Capital authorized Cai)ital subscribed . $•2,000,000 2,000,000 LIABILITIES. ( Capital paid up Notes in circulation Dominion Government Deposits payable on demand after notice Other Deposits payable on demand " " after notice Due to other Hanks in Canada " Foreign Agents " Agents in United Kingdom ... Rest Profit and Loss Forty-second Dividend Dividends unclaimed Interest, Exchange, &c , reserved .$l,l)'J4,9G5 00 . 1,022,974 00 . 170,751 71 50,000 00 . 2,154,49:i GO 431,080 if) 28,055 24 9,044 02 54,137 57 . 540,000 00 10,109 98 79,798 00 1,430 41 39,007 71 -$0,593,107 99 ASSETS. i^pecie $195,1 18 07 Dominion Notes 440,943 50 Notes and Checks of other Ranks Balances due from other IJanks in Canada " " Foreign Agents " " Agents in United Kingdom Loans and P)ills discounted on l!ank Stocks " " " Bonds, Debentures, Ovc Loans to Corporations Rills discounted and current Bills discounted, jiast due, secured Bills discounted, past due, and not secured Real Estate, other than I'ank [iremises Bank premises at Head Office and P.ranches, at their actual lost Other Assets (Thf ^(Olsons l^anlj, Montreal, i;th October, 1S70. $030,001 57 180,074 84 84,190 45 54,034 07 42,698 57 10,500 00 138,900 29 23,500 00 5,104,748 03 12,010 94 98,031 00 25,400 50 103,125 79 0,090 14 0,593.107 99 59 T7 THE M OLSONS BANK. INCORPORATED BY ACT OF PARLIAMENT, 1855. CAPITAL SUBSCRIBED. S2.000,000. CAPITAL PAID UP. S1.994,965. REST. S540,000. HEAD OFFICE-MONTREAL. BOARD OF DIRECTORS. JOHN MOLSON, Piesidnit. TIIOS. WORKMAN, M. P., Vi.c./Wsi,/,;,/. TIIOS. CRAMl', T. JAMICS CLAXTON, K. W. SIIKI'IlKkl). HON. I). I,. MAfl'IlKKSON. II. A. NKL.SON. V. VVOLFKRSTAN THOMAS, Cnsliit) M. H EATON, linf^citnr. BRANCHES. IhorMlk-]. W. li. KI\KR.S, Manager. Cijiiiph.lltflii, N./i.-]i)WS McMAHON, Agcnl. F.xi/er—V.. VV. .STUATHN', - Manager. /.flW(w-J().S. JKKFKRV, - - A/.a/ord-V. KUIJ.I'.R, - • Milthrook.—Q,. W. C:LrNCII, Acting .Manager. /I/,-r;7v/-»;;.r_R. CI.OU.STON, - Manager. Own, .S-,;»«,/-TIIOS. BI.AKKNKV, Manager Smith's luith-K. L. THOMAS, - . Sonl—W. C. HRKWKR, .SV. 'I'homas—V,. K. M(JRTO\, - - Toroiilo-\.. H. R(Jlii:RT.SON, • - Wituhor—C I). ORASI'-.TT, ■ - - AGENTS. Qiiehec and OwAzWo— HANK OK .MONTRICAL AND ITS URANCHKS. New /hiinsmi, /.■-\i\fiK OK NKW BRUNSWICK, Sr. Joii.n. Nit;! .SV,)//,/-IIAI,IKA\ HANKINO COMl'ANV AND ITS liRANCllKS. /'///„, AV/««;v/A/,zW_.\lER(:il ANTS' 1{.\NK OK HAI.IKA.X, Ciiaki omcnnv.v & Si.mmkkmi.i A'<-w/h„„d/,i„d— COMMERCIAL HANK OK NKWKOUNDI.AM), .St. Ioiins. IN GREAT BRITAIN. /,rt;/,(li;,-IUNK OK ,\10NTRI;AL, Mkssks. (;LVN, ,\U1,I,S, (TRRIK ,V CO. .Mkssks. .MORTON, ROSK & CO. IN UNITED STATES. jV,-w r<>/v!->n':ciiANics' n.ationai. hank. Mkssks K. HKI.I, Ov C, K. SMITHI'.RS, .Mkssks. .MORTON, lilTSS .V CO. /.V.f/o« — MERCHANTS' N.VITONAI, HANK. /'or/Znitd-CASCn N.\TIONAL HANK. C///,rti,7P-l'IRST NATIONAL HANK. C7,7'<;/rtW-COMMKRCIAI- NATIONAL HANK. />t/;wy- SECOND NATIONAL HANK. /.'/(^//,;-KARM1;rs' .V .MECHANICS' NAT. HANK. .I/Z/jt^w/vv -WISCONSIN MARINE AND EIRE INSURANCE CO. HANK. X;./,v/,)-SECOND NATIONAL HANK. COLLECTIONS MADE IN ALL I'AKTS OK THE DOMINION, AND RETURNS KROMITLV REMITTED AT LOWEST RATES OE EXCHANGE. 60 i i m MONTREAL, QUE., ST. Catherine Street. MORRISBURG, ONT. it I r THE MOLSONS BANK. m PROCEEDINGS OF THE ^lucntji-^ijioml l^nintal <^fnfral il|[cctiiirt OK riiK STOCKHOLDERS OF THE MOLSONS BANK, //c/d at their Banking House in Montreal, Monday, Stk October, iSjy. The Annual (lencral Meeting of this Bank was held at its banking House, in Montreal, on Monday, the 8th October, 1877. 'I'he President, Mr. John Moi..son, having taken the Chair, the Cashier read the following Report : — Gentlemen, — For a succession of years it has been the good fortune of your Directors to appear before you at the Annual Meetings with statements indicative of the satisfactory and progressive nature of the Hank's business, as evidenced by the constant and liberal accretion to the Reserve l-'und, which in September, 1 870, had attained the handsome sum of $510,000. Since that period, in addition to such ordinary losses as must always be looked for, but whicii in the past twelve months iiave been enhanced by the failure of the grain crops and the prolonged commercial depression, the Bank, in common with kindred institutions, has had to bear its share of the consequences resulting from the enormous shrinkage of values throughout the Dominion. Your Directors have felt that they would best i)romote the interests of their constituents by making what they consider ample provision for bad and doubtful debts, and to effect this they have not hesitated to transfer from the reserve |i 1 40,000, leaving at its credit $400,000, equal to 20 per cent, upon the subscribed capital of the bank, carrying forward to profit and loss $23,039.61. Next in importance to preserving intact the capital of the Bank, is the use of a reserve fund in ensuring to the Shareholders a steady and respectable dividend ; and in this view your Directors think you will concur. We have now to submit for consideration the Annual Statement of the Bank's affairs to the 30th September : — The profits for the year, after deduction of e.\[)enses of management and interest accrued on de[)osits, have been From which has been paid : 43rd Dividend, payable 1st April, 1877 $7t>,8G8 00 44th Dividend, payable 1st October, 1877 79,808 00 $238,918 43 $159,737 2U Leaving a surplus of To which add : Balance at credit Profit and Loss, 30th September, 1870 10,169 98 Transferred from Rest 1 10,000 00 During the year bad and doubtful debts have been written off to the amount of. Leaving at credit of Profit and Loss 61 $79,181 23 $150,109 98 $229,351 21 200,311 CO $23,039 01 All the branches ot the bank have been inspei ted once or olttiier (luring the year. Niinieroiis and cheering indi( atiuns of reluming prosperity exist in liie unexampled crops recently harvested, the new anil profitable fureij^n market openetl for the disposal of live stock, the liberal prires obtained for cheese, butler and all agricultural products, the growing demand for lumber in the njarkels of the United States, the imjiroved railway receipts, appreciation in freights of lake and sea going vessels, and the greater caulion exhibited in the limitation of importations. Still your Directcjrs are not unduly sanguine, for although they believe the worst days have passed, they are prepared for occ.isional relapses, and they do not count upon a permanent return to the prosperity of former years until an unipiestionable revival of tlie manufacturing interests takes (ilace. Your Directors have to announce with much icgret that Mr. Thomas Cramp, wIkj has served on tiie Hoard for several years, declines re-election in consei|uence of other business demanding lu^ imdividcd altcnlion. JOHN MOLSON, J'lisiilfHt, MoNTRKAt, 6'th Octo/jcr, IS77. Mr. John Hutchison moved the adoption of the Report, which was carried unanimously. Mr. J. T. Donovan moved: — "That the thanks of the Shareholders be tendered to the President, Vice President and Directors, for their management of the liank during tiie past year, and that the I'rcsident be rccjuested to accept the sum of $15,001)," Mr. JosEi'H Mackav seconded the resolution, wliich was earned unanimously. Mr. C. Roy moved: — "That the thanks of the Shareholders be also tendered to the Casiuer, the Managers, and other Officers of the Bank, for tiie satisfacury manner in which they have discharged their respective duties." Mr. JowN Hutchison seconded the resolution, which was carried unanimously. The Pkesiuent, wi'li consent of tiie Meeting, appointed Mr. David Rae and Mr. Daniel Wilson as Scrutineers. Balloting for the Directors was next proceeded with, and, at the close, the Scrutineers reiiorted the following duly elected, John Molson, Thomas Workman, M.P., T. J. Claxton, R W. Sliepherd, Hon, D. L. MacPherson, Horatio A. Nelson, Miles Williams. At a subsequent meeting of the new Directors, Mr. |ohn Molson was re-elected President, and Mr. Tiiomas Workman, M.P., Vice-President. 62 i M GENERAL STATEMENT Of the Ajjiiirs of the Mo/sons Ihink on the juth Scptcmkr, iSyy, C;i|)ilal authori/cd Capital subscribed . $•2,000,000 2,000,000 lilAllIMTIKM. Capital paid up Notes ii) circulation Domiiiion Covernnicnt Deposits, payable on demand Other Deposits, payable on demand " " after notice 1 )ue to other IJanks in Canada " Foreign Agents " Agents in the United Kingdom Rest Profit and Loss Kurty-fourth Dividend Dividends unclaimed Interest, Exchange, iSjc, reserved ll.'J'JG.Tin 00 1,02:J,321 00 3«,0-J8 11) 'J,07 ;$,'■» r)! 17 7-JlJ,087 CO 84,207 70 0,21)3 93 110,071 72 ■100,000 00 23,039 01 79,808 CO 2,435 21 45,983 82 •'^l"-'^'" $180,813 82 Dominion Notes ,l3,j .,75 ^y -!i!0,043,000 01 Notes and Checiucs of other Banks Balances due from other Hanks in Canada " " Branches " " I'oreign Agents " " Agents in United Kingdom 1-oans and Bills discounted on Bank Stocks " " Bonds and Debentures, &c Loans to Cori)orations Bills Discounted and current Bills discounted, past due, secured Bills discounted, past due, and not secured Real listate, other than Bank premises Bank Premises at Head Olfices and Branches, at their actual cost Other Assets MoNTKiiAL, Sth Oclubcr, 1877. $020,08!) 3'.' 212,95(1 I!) 32,031 03 33,901 35 79,448 89 51,552 07 "00 00 100,130 95 55,000 00 4,931,713 90 153,7 h 10 80,044 51 43,184 71 170,575 54 4.903 03 -$0,043,000 01 63 mm mmi THE MOLSONS BANK INCORPORATED BY ACT OF PARLIAMtNT 1855. Capital SubaonLnd, - - $2,000,000 ; CapiJal Paid tip, - ■ .$1 ,'.)f)(;,7irj. REST, - - - $400,000. 1 1 P: \ L) O V F I C E— M O N T i< h A 1 ,. BOARD OF DIRECTORS. JOHN MOLSON, rmidciit. IIIOS. WCJRKMAN, M.l'., Vuc I'laiiUiit. T. J. CI.AVION, K. \V. SIllil'llKKD, MILKS WILLIAMS. K. VVULKKRSTAN TIIO.MAS, Hun. I). L. MAd'lIKKSOX. HORATIO A. NKLSON. Cuihict M. lIL.VroN, /i!s/<,u/oy. BRANCHES. lUockvilli-]. VV. 15. Rr.KRS, Ma. ;ij;Lr. Campbelllon, N. /.'. — A. A. C. DKNoXAN, A^;nil. EM'Ur-\\. C. URKWKR, M:iiwi;tr. /,<«,/<;« -J OS. JEKI'KRV, ^■,(^n/-l'. FULLER, Millbiook—C. W. C LI NC: 1 1 , A/onis/>ii>x~-K. CLOUSTON, ■■ Owai Soiiiid-V.. \V. STRATin', Man; Smil/i's r.il/s-A. L. THOMAS ^oirl—V,. CRKHASS.V, Acliiit; .SV. y/ioiiias-C,. R. MORTCJN, 7\iro,ilo-L. II. RtJiiERTSON, /; ///-Ao.;— THOS. liLAKKNLV. i^cr. AGENTS. Qiieha ami Oiilaiio-MXtiK. OV MONTREAL AND (.NTARIO BANK AND THEIR IJRANCIlhS. AiTO A'/v/wiiy/V/I — ISANK OE NEW URL'NSWICK. Sr. Jons. AWa ,V,W/,z-nALIKA.\ U.WKINc; ('(JMrANV AND ITS HRANCHKS. Priihc /irfc',/;,/ A/,;W— ^n■;RCHANTS• liANR OE HALIFAX, I'iiaki.ottktow s \ Sim.muksii.i.. A'crt;/w/W/,(W-COM.MERClAL BANK OV NEWEOL'NDLANI), .Sr. Johns IN GREAT BRITAIN. /.ombn-lLWK Ol- MONTREAL, Mi^Mts. OLVN, MILLS, CUKRIE \ U MKShKs. .MORTON, ROSE & Co. IN UNITED STATES. Naw )•«//:■ -MI.CIIANICS' N.\TION.\L ll.WK. Mi.ssKs. C. E. S.MITlll.KS \ W. W.\rSON. Mkssks. .morion, BLISS ^ t'O. /.'i;.iaw-.me;;chants n.vtional bank. JWlluf,,y;v/V- SECOND \.\rioN.\L l!.\NK. I AV(/Aj/<;-EARNH;RS' \ Ml'.CIIANICS' N.Vl'. B.\NK. 1 J//fe,z«/(YV— WISCONSIN M.\RINE .WD EIRE INSLR i ANCE to. B.vNK. i 7W the' unclosed transact.ons of former years, and that the Hank has been oxen,.t from any, except of a very triflin^ character, sn,ce the close of the last half year. A perceptible in,.,roven,ent has been recently transpiring i^ the volume and nature of the business of the Bank, and, with Us continuance, yuur Directors entertah. a reasona le hope of a gradual return to the Bank's forn.r state of prosperity. We now lay before the Shareholders the annual statement of th^. Bank's affairs to the .30-1, September last :- Balance to the credit of Profit and Loss, on .30th September, 1877 $ .;3 u3') Gl To which add, net profits, after deducting expenses of management and reserva- tion for interest accrued on deposits and ICxchange -JOl 7'J3 3t I'rom which have been [laid : ■I'Hh Dividend, at ti per cent., payable Lst April, 1678 .... ■Kith Dividend, at 6 per cent., payable 1st October, 1878 . . §221,832 ii.j S59,'J01 If) y'J.'JOl 15 Leaving a surplus of. . . \Viitten off to bad and doubtful debts $11!),.SU2 'JO 1(J.\U,30 U5 101,899 02 Leaving at credit „f I'rolu and Loss, ;iOth .September, 1878 p 130 ii A sub-agency of ti,e Bank has been opened at Rulgetown, a ,h„v,ng place on the Canada Southern Ka. way. 1 he branches of the Bank have been inspected twice durmg the year, and the cash at head office lias been carefully counted at intervals by the Directors. ., , JOHN MOLSON, MONTKK.M., /^//l Oitokr, 1878. J 'fiitdi'nt. (if) PBB" The rRESiDENT, in moving the adoption of the report, said : — (Jenllenien, — You have heard the Report which has just l)Lun read, and I think you will agree with nie that, consideiing the year through wliich we have just passed, the result of the IJank's business may be considered satisfactory. In the early part of the year losses were developed, which induced your Directors reluctantly to reduce the usual dividend, but, in tneir opinion, it was preferable to do so rather than reduce the Rest below 20 per cent, on t!ie capital, and in this they fee' sure that you will agree with iheni. Had the result of the first si.\ months been equal to that of the last, a larger dividend might possibly have been i)aid. 1 aTU glad to be able to say that our business during the last few months has shown marked improvement. While it would have been gratifying to your Directors to have rejiorted larger profits, yet, I think I may say that, considering the great commercial dei)ression which has prevailed, the I5ank has done as well as could reasonably have been e.xpjcted. ^Ve begin the year with a rest of $100,000—20 i)er cent, upon our caiiital, and an imijroving business. I do not think of anything more that 1 need say. 1 now move, seconded by Judge Day, the adoption of the Report. Hon. Juu<;k Day, in seconding the adoi)ti(jn of the Report, said that the report must be received as a gratifying one, under the existing unfavorable circumstances of business during the last two (jr three years. Of course, when men were dissatisfied, they looked about for a scapeg(jat, and the natural scapegoat for Shareholders, if in any way inclined to be dissatisfied, was the Directors. It seemed to him, at [iresent, they had no reason to lay any heavy burden of fault on the Directors, but rather to the universal i)aralysis of trade and connnercial dealings generally. Although they ci)uld not say they were (luile hapiiy under the diminished dividends and shrinkage in values, on the whole the gentlemen entrusted with the aduiinistraticjn of tlie affairs of the Hank had done their duty skillfully and prudently. There was one little ray of light in the remarks made by the Chairman, namely, that the business had improved widiin the last few monlli.i. They might indulge in the hope that they had reac'-.ed the lowest imint, that they had arrived at that lime of thick darkness which preceded the dawning day, and that hereafter there would not be any sudden reaction of improvement, but a gradual growing jirtjgress in the right directicjn, and that at their next Annual Meeting the Re[)ort [iresented would be more satisfactory than that just received. In business, above all things else, brevity is the soul of wit ; he would content himself without further remarks, with seconding tlie ado[)tion c^f the Report. The Report was unanimously adoptetl. Mr. W. D, McI..\Kt:N moved, seconded by Mk, Danikl Wilson, "That the thanks of the Shareholders be tendered to the President, Vice President and Directors for their management of the Hank during the past year, and that the President be reipiested to acce[)t the sum of >5'5 000. Carried unanimously. The PuLsilJliNT, on behalf of himself and Directors, thanked the Shareholders for this expression i*f confidence. Mr. RoiiKRT Moat moved, seconded by Caimain Duunioud, "That the thanks of the Shareholders be also tendered to the Cashier, the Managers and other Officers of the liaiik for the satisfactory manner in which they discharged their several duties." Cairied unanimously. Mu. 1"'. Woi.l ICRSI'AN Thomas, (jashier, in returning thanks, referred lo the past year, wlii( h had been uiituilunate in one res[ie(:t, namely, that they luul been unable to carry out the antu ipalion of last meeting — that this year's return would be a great improveiu.'ut on that of last year ; but the fates had been adverse, and, as the Rejiort statetl, they had suffered in comnujn with other insi.jitions. .\ great solace, however, was the fact that during the last seven months they had scarcely made any bad debts. This was the most satisfactory clause in the Report, and he hoped they would meet under bi tter circumstances next time. The ballot being ojiened, the scrutineers, Messrs. Robert Mo.it and Daniel Wilson, re[iorted the folKnving gentlemen duly elected as Directors for the ensuing year; Messrs. lolin. Molsoii, Thos. Workman, T. J. Claxton, R. W. Shepherd, Hon. 1). L. Macpherson, Horatio .\. Nelson and Miles Williams. At a subsequent meeting of the Hoard, .Mr. John Molson was re elected President, and .Mr. Thomas Workman, \' ice- President, *» 00 GENERAL STATEMENT Of the Ajfairs of The Mo/so its Bank on the joth Septend>ei\ 1S7S. Cai)ital authorized. Capital subscribed. $2,000,000 2,000,000 I^IABII.ITIEM. Caprtal paid up Notes in Circulation iJoininion Covcrnment Deposits, payalile on demand. Other Deposits payable on demand " after notice Due to other lianks in Canada ■' " Ikanclics l''orei{,'n Agents Agents in United Kingdom Rest rroCit and Loss Forly-sixth Dividend Divitlends unclaimed Interest, Exchange, &c., reserved $1,990,715 00 995,519 00 5G,210 19 1,9;J5,139 02 761,58!) 3.*5 32,8S7 71 21,411 11 15,124 01 00,979 89 400,000 00 3,1 30 43 5!t,901 45 2,3S,s 41 34,045 82 ■ $0,395,374 ;)< ^l'^'^'^ $154,850 Ti Dominion Notes 423 jyo yy Notes and Checks of other IJanks IJaiances due from othei Hanks in (^'anada " Foreign Agents Agents in United Kingdom Loans and Bills disccnmled on liank .Stock " lionds. Debentures, iVc . Loans to (jjr[iorations Hills disc(junteil and current past due, secured " " and not secured Real Kstatc, other than bank premises l!;mk premises at Head Oltice and llranc lies, at their lulual cost Other Assets MONTKKAI,, 14th Oitot'Cr, 1878. ■'ir578,35:i 54 232,t;i0 88 22,829 84 9I,:)51 03 4,138 09 1,200 00 157,088 00 41,025 00 4,721,115 10 197,109 II 32,054 20 121,553 82 177,192 05 1,0! 5 3-. $0,3!}.\37l 97 f «T'" THE MOLSONS BANK INCORPOnATED BY m OF PARLIAMENT 1855. - • •«•►• • — Capilai Subscnhed, - - S-J, 000, (}(i.N-.I()S. .IKl'Fl'KV, M':ai(>ki. I'. Fl'LLKK, Mii.i.iiuiioK J. (i. (iHDDES, .MoKliisiiiKc C. W. CLINCH, .M;in:i^'ur. OwKN S..IM.- K. W. STKATIIV, Kiipi^KT.iwN- H. KOItEKTSON, Aitiiij: A).a'iit. Smith's Falls K. FKASHK, MaiiMjrfi. Si.KKL (i. ('KKHASSA, St. Thomas (i. K. .MOKTOX, TouoNTd -L 11. KUUKKTSUX, AGENTS. (^rKiiKc AND Ontauk) HAXK OF MONTHKAL AXD OXTAIUO HAXK AXD THKIH liK.XXCll F.S. Xkw Hki nswick I'.AXK OF XKW I'.IU'XSWK'K, St. .John. XnVA Sd.TLV- IIALIFA.X HANKIXO ('OMI'.\XV AXIt Fl'S ItliAXCII KS. I'lUscK I'.iiw.vKii IsLAMi M K l!('I I A XTS' HANK OF HALIF.A.X, Chakloi ilthu n .vnh Simmlusiipl. Xi;wK(,iMii,AMP C'UNLMKKL'LXL HAXK OF XHWFOUXDLAXD. St. ,I(piins. IN GREAT BRITAIN. L.pMi.pN H.\XK OF MONTHKAL. .\h;ssiis. (U.VX, MILLS, CI'IIIML \ CO. Mlssks. MoHTOX, HOSK \ CO. IN UNITED STATES. Nl« Npphk .\li:cn.\NICS- X.\'I'H»X.\L H.\XK. Mi:s>iis. c. F. S.Nill'HKHS A W. \V.\TSOX. Mf.sM!s. .MOliToX, HMSS ,V CO. Ho.vr.PN .MI:H(H.\\TS' N.\TI0N.\L ll.WK Mlssi,s. KlDUiOK, l'KAHOI)^■ >V ( (». INiKTLAND-CASCO XATIONAL H.VNK. Chi.ai.cp FIIJ.ST NATH)X.\L HA.'K Clkvllamp CO.\t\IF,l!C[AL X.\Tlo\\I. i;.\XK. DKTiiiPiT MFCHANHS' H.\XK Hni-M... F.\l!MKl;s- \ M I'.Cli AXK S' X.\T. H.VNK. -NhLWAiKLi: UlSCONSLX .\L\KINK AXH FIKK IN SCHAXCF, CO. UAXK. T(PLi:ip.i SKCONI) X.\TH)N.\L H.\NK. COLLI'.CIMONS .NLXDK IN .\1.I. I'.VKIS (iF TIIF DOMINION, AXD HF/rCKNS I'KOMI'TLN HK.Mrn'KD AT LOWEST KATES UF EXCIlAXi;!;. C8 r). NORWICH, ONT. l\. IN OTTAWA. ONI, naw^ THE MOLSONS BANK. » <»» « — — — PROCEEDINGS OF THE ^xucnty^fouvth g^untxal (Senevat UJ^ccting OF THE STOCKHOLDERS OF THE MOLSONS BANK, Held at Ihcir Bankiiii^ House In Montreal, Monday, ijt/i October, iSyij. 'I'lie Annual (icncral Meeting of this Bank was held at its Hanking House, in Montreal, on Monday, the 13th October, IH79. The President, Mr. John Moi.son, having taken the Chair, the Cashier read the following Report : — Genti.emkn, The period thai has elapsed since the last Annual Meeting of the shareholders has heen one of uni)arallelled anxiety to Canadian fJankcrs. The commercial revival wiiich it was supposed had set m to some extent a year ago was completely checked by the ascertained deficiency of the harvest and other causes, and a renewal of a shrinkage in values in an intensified degree was Uic result. The evil effect of this state of trade — and it existed almost throughout our financial year — was felt by this institution chiefly in the depreciation of estates which had been for some years in the course of liijuitlation, and from which further considerable dividends iiad been anticipated. 'I'iie assets of most of these estates were impaired, and soi'ie of them almost destroyed by the continued tlepression. Tliis caused your Directors to have the loans of the Hank scrutinized anew, with tiie determination to write off whatever might be considered necessary, and in doing this they desired liiat their estimate should exceed rather than fall under the aggregate amount of probable losses. The adoption of this policy, which your Directors feel assured will receive the uiKiualified approval of the Shareholders, necessitated the writing ofTof a large portion of the rest, reducing it to !? 100,000. The Directors have been of o[)inion that the Hank should avoid the accounts of those whose re(]uirements would employ an unilue jiroporiion of its capital .Acting U[)on this principle the Hank has r.ow but one account exceeding $100,000, and in that case the advances are less than $120,000, and perfectly safe Your Directors think they may at length congratulate you upon the assured revival of the great industries of the country. Tiie crops, which hive been, and are being garnered throughout the Dominion, are said to be unprecedentedly bountiful, and there is every prospect of tiieir meeting witli a highly remimerative market. Increased activity not only eiiaracteii/es our lumber trade with the United States, but liie price (i himi)er for that market has materially adv.mccd. The moving of the cro[)5 has caused an active demand for money in all the Western .Agencies of the Hank, promising a safe and satisfactory result. Altogether, while nuiS5 (12 300,000 00 $313,2t^fi (12 301,950 00 .-? 11,335 1)2 GENERAL STATEMENT (y the .Ijjalrs of Tlic Mo/sons liauk on the joth Scptfi/i/nr, iSj^). Capital nutliori/o.l Ca[)ital siihscriliL'd $2,000,000 2,000,000 MAIIIMTIKM. Ca))ital [laid up Notes in (■iiculatiun Dominion Ciovcrnmcnt Deposits payal)ie on demand OUier Deposits [jayahie on demand " " " after notiee Due Agents in L'nUed Kint,'dom Kest Profit and Loss l''ortyeij;hlli Dividend Dividends unclaimed Interest, Kxcliange, i^r., reserved ,$l,!l!),S,H(5l .S(i . i,ir>o,C2() 00 li2,7r,o (is i,4r)S,i9i r.7 7^7,054 !»1 Wl;lf^'i ;{(J 100,000 00 11,3:55 (•,:• 59,005 S.S l.l.Sl Jl .'{7,(;-_'7 17 -$">,770,17!» 41 Assfyrs. S[H'cie Dominion Ncnes. $i!);{,;i.s,s o;i 517,;{01 00 Notes and Checks of other IJanks P.alances iluc from other Hanks in Canada " " liranches " " I'Vireign Ai;enis Loans and liills discounted on liank Siocks " " " on lionds, Deheniuies, iVc Loans to Corporations Hills discounted and cuneni " " past due, secured " " " and not secured Real Instate, oilier than Dank premises Hank premises at Head Oftice and Hraiiches, at their actual cost. Other Assets $711,2.SI) (;;i 137,705 K2 0,502 05 37,905 OS 12,s;{7 50 4,301 00 80,930 19 49,78S 14 4,273,790 09 114,SG9 51 53,SS7 01 98,837 5S lS-.',993 54 4,351 44 MoNiRrLAi,, T3lh Odflhcy. 1879. -S5, 7 70, 179 41 71 THE MOLSONS BANK. INCORPORATED BV ACT OF PARLIAMENT, 1855. ('dpi hi I Sn hsrrihrj/. HEAD OFFICE.-MONTHEAL. - $J,()0(),0()(}: Capital Paid up, - $l,!)98,S(U.8a. REST. - ■ - S100.000. BOARD OF DIRECTORS. TIIOS. VVOUKMAN, /'/,«/,/,///. 1. II. u. Moi.soN, ri,,-/;,u,/,ii/. n. w. .siiKriu'.Ki). II. A. NKl.SON. HON. I). I,. MACIMII'.KSON. .Mll.K.S WII.I.IA.MS. S. II. KVVINC. v. WOI.I'I'.KS'I'AN THOMAS, i:.ii,ni!.\t,iwi,i; .M. Ill'.Al'ON, /ii\/'(i '(> BRANCHES. Moiitmil JA.MKS I'.l.I.lo'l , M.uur^a linuhuUi -]. W. li. UI\|;K-i, Mimii^cr. Clinloii M. l.orcil, f.xclci-W. i:. liKKWKK, /iigeno/! -\\. Dl'.Ml'.STl'.R, 1.011,1011 |').s. |i;i'i-i;kN', jMi;i/onl-\\ MM.l.Kk, iVillhooh.-]. <;. (IKDUr.S, M,>nisl,ii>\i^~('. \\. CLINCH, Miinanrr. ihviii Soiimi-v.. w. srk.\i'in, lH'.\NV AND ITS UKANCIIKS. /'////,,■ /iikthini Istivul l.'NION l!.\NK OK I'. F. I., CllAki oiiktown & Si'MMicksini.. A','.o/oiii„//,ui,l CO.MNH-.RCIAI, IJANK Oh M-AVl* )L'NI)I.ANI), Si. JmiNs. \\ IN GREAT BRITAIN. /.omIoii—WA.WSCV. 1!.\NK, " l.iMii i.n," .Mks^ks. CLVN, .MII.I.S, ClRRll'. >V ( O. .Mi.ssus. .MORTON, ROSr, \ CO. IN UNITED STATES. A'nu )•,.//- Mi:CIIA\!CS' N.\TIO\Al. HANK. .Mi>si;s. C. !■■. SMIIHI.RS, \ \V. WATSON, Mi;.ssK^. .MORTON, HI.ISS I'v t < ). y.'MAw-MI".RCH,\NTS' NArioN,\I. liANK, .Mi:ssi;s, KIDDKR, ri'.\ I.(jI)N ..'v CO, JWlloml- i\V .MKCHANICS' NAT. HANK. .l//7Tr,»//!v,-\VISC()NSIN MARINK AND I-IRK INSl'RANCi; CO, HANK, /•,'/,■,/,. -SIX'ONl) NATIONAL HANK. COI.LKCITOXS .\L\DI-: IN ALL I'.VRTS OK TIIK DO.MliNIoN, .\NI) RI'.TIRNS I'ROMl'TLV RLMITTKD AT I.OWT'.ST RATKS OK KXCHANdL. S(l. FK. RK GENERAL STATEMENT (y tlic Affairs of The A/o/soiis /hnk on the joth Se/>tei,i/>er, iSSo. Capital authorized Capital subscribed $2,000,000 2,000,000 LIABlLITI&ti. Capital paid uji. , Notes in circulaiiuii Dominion C.ovcrnmcnt Depo.iis payable on (Icmaml Provincial C.overnmcnl Deposits jjayabic on demand Other l)ei)osils jjayabie on demand " after notice Due to other Hanks in Canada " " other Branches ' Foreign Agents I'rofil and Loss Rest Fiftieth Dividend Dividends unclaimed Interest, Exchange, i\:c , reserve.! .$1,!)!H),09') 00 l,r.(i!),(l(;i 00 •»,7r,i (;t; 2,io.i,(;!»:{ ;m H20,71)2 10 .')7!),2,S7 -17 2,3, Kit D'J 12,010 92 20,270 .{7 M 0,000 00 r)9,!)72 «-) 1,9-11 10 r)f),:}i<) ;u $'r,2r)0,<121 xu ASSETS. ^P<^'''c $:i2r,,o;5,H it Dominion Notes 4Q2 r^'^r^ (>q Notes and Checks of other Hunks Balances due from other lianks in CanaJa " " Agents in United Kingdom " Foreign Agents Loans and Hills discounted on Honds, I )ebenUne.-,, \:c Loans to Corporations Rills discounted and cuneni " " I)ast due, secured " " and not secuieil Real F:state, other than Hank premises Hank premises at Head Office and Hran. I,es, ;it their aciua! ..,st Other Assets Z\\t Poisons y.nnl{, MoNiRr.Ai,, 1th October, ISSO. %l•nsu'^ 71 i")0,osi -yi 40,10:5 0!) 201,093 f)! 42,998 77 r),S,.-)10 00 44,9 I C. 12 r),.')07,r.02 ()4 12S,2,S7 00 25,140 2-) 132,304 85 182,993 54 5,589 99 7,250,424 85 [dVKR.] -^^. *- " 'V^ s^^\% IMAGE EVALUATION TEST TARGET (MT-3) 1.0 I.I 1.25 ':m IIIIIM ■- 11112 U 22 2.0 1-4 IIIIII.6 P ^- /}.

^ N> % V %"■ o^ 4 .^ A >> j 1 f 1 .^kiLuM thp: molsons bank. PROCRKDINC.S Ol" I'lIK Ms !wje5U?}=|iftl} ^WMMiil ^ewerfll ^^^tiw9 OK riiK STOCKIIOLDI'KS Ol- TIIH MOI.SONS KANK. Held at llieir Innikiiii^ House in Montreal, on Monday, Wilt October, 18S(). Tlic Annual (General Meeting of this P.ank was l-.-ld ,U its U.-inkini^ Mouse, in Montreal, on Monday, the llth October, 1880. The President, Mr. Tiiomas Workman, havii.i, taken the C:hair, tlie C.eneral Mana.ncr read the following Report : — (lENTI.EMEN, The result of the Inisiness of the past year has been quite as satisfactory as your Directors anticip.itcd. It will he seen by reference to the TroOi and Loss Account that, after iiayinp; the two dividends, each of three per cent., and making, as your Directors believe, ample provision for bad and doubtful debts, (.filO.OOO) forty thousand dollars have been added to the Rest, and the i)alance at credit of Profit and Loss Account has been increased by |S,934.7'). The revival in trade has been gradual and steady, and pervades all the leading industries of the country. The two bountiful harvests which have been galiiercd in, tlie large and increasing export of cattle, and the renewed demand, at remunerative prices, for timber and lumber, have all contributed to restore and augment the prosperity of the Dominion. The Hanking capital, however, is more than commensurate with legitimate business refiuircments, owing to which rates of interest on safe and desirable loans have ruled low, and are likely to contiinic to do so for some time to come. It has been the study of your Directors to emi)loy the means of the Rank safely and actively, and it will require constant effort and great vigilance in the future to do so successfully. During the past year all the branches o( the P.ank have been inspected, the majority, inckuling the Montreal office, more than once. Since our last annual meeting, some of our Directors, accompanied by the C.eneial Manager, have visited cp.ch branch of the Bank. The information obtained, both from meeting the man.agers and of the prevailing characteristics of the localities, has proved very serviceable, .so much so, that it is contemplated to repeat those visits periodically. Your Directors have to express their entire satisfaction with the manner in which the officers of the Bank have generally discharged their duties. THOMAS WORKMAN, President. MoNTRE.XL, llth October, 18S(). 74 Mr. McCarihy jiroposcil, and Mk, Rov se< oiuJcd, " I'liat the thanks of iho Sharclioldfrs arc due and arc herehy tendered to the President, llie Vice-President and tlie Directors for tlieir attention to the interests of the Hank during the |)ast year." This was carried unanimously. The Chairm.vn, in returning thanks, said— ^^ . l)ehalf of the Board and myself, 1 return our sincere thanks for the vote just passsed, as it indicates your continued confidence in our nianagenjcnl. 'I'heCicncral Manager and myself have during the year visited nearly all tlie agencies, hoth in Upi-or and Lower Canada, and two of the Directors have since made sunilar visits, and we have lound that such visits are very profitable to the interests of the Hank, as they are also an inci-itive to renewed exertions on the part of the officer.s in charge of those agencies. The amount of capital at present in the hanking interest is more than is re(iuired hy the commercial community, which renders it difficult to invest it as [)r()fitahly as we should desire. Hut we have, I think, under all the circumstances, a satisfactory balance sheet. I can si)eak in the highest terms of tlie exertions of our officers but more so of our deneral Manager and Manager, whose services have been of great interest to us, so that our bad dci)ts are hardly worth mentioning. I am afraid that Hanks will, in future, have to compete in business as dry goods and hardware mere hauls do, and that the profits which we have seen in the past cannot be again expected in the future. I am happy to say the staff of the Hank is in a satisfactory condition, and I think there is every reason to expect that next year our business will he as successful as during the one now past. (Ai)plause.) Alderman Nelson proposed, and Mr. S. li. I^winc. seconded the motion, th-'^t Mr. Henry Archibald and Mr. H. (1. Strathy act as scrutineers to take the votes of tiie Shareholders in the election of seven Directors ; that the poll be now o[)ened and remain open until five o'clock, but if t'lvv miiuitcs should elapse in the meantime witiiout any vote being recorded, the poll should then clo.se ; and that the scrutineers hand in a certificate of the result of the polling. This was adopted without dissent. The meeting then proceeded to the eleiiion ut the new Hoard, with the following result : -Mr. Thomas Workman, Mr. J. li. R. Molson, Hon. 1). 1,. Matjiherson, .Mr. II. A. Nelson, .Mr. R. \V. .Shepherd, Mr. Miles Williams, Mr. S. H. Kwing. The Meeting then The net profits of tiie year, alter dediiding expenses per cent, per .innum, 1st Ajjrii, ISHO ,$r)9,!l72 S.". nOth Dividend, at the lale off. pii ( eiil. pel iiniinin, 1st Detober, L'^f^O 5'.),!)7:2 s'> Amount written off for bad and douiiilul debts PJ, ITU l'.\ 1(1-J,1-J1 ,><;5 Leaving a surjjlus of. 48,9:M 75 From which deduct amount transferred to Rest Ac( (umt Leaving at credit of Profit and Loss on 'idtii Se[)iemi)cr, \f^^() $ $ 20,270 .•57 f>0,270 37 40,000 00 I (.1 f ;' n if i i 1 ■ I t f i!i THE MOLSONS BANK. INCORPORATED BY ACT OF PARLIAMENT, 18S5. « — » I ■ HEAD OFFICE-MONTREAL. Capital Subscribed, S!^, 000, 000. Capital Paid up, $1,999,09,5. BBST. - - - S140.000. BOARD OF DIRECTORS. TIIOS. WORKMAN, rnsidctit. J. II. U. MOLSON, i'iic-rr,siii,iil. K. W. SIIKI'IIKKI). I H"^- '*• '- Mai rilKKSON. II- A. NPI.SON. I MILKS WILLIAMS. S. 11. KWINC. F. WOLI-KKSIAN TII().\L\-;, diiii-ml A/aii(i,i;x-l.. \\. IIOWAKI), AcliiiR Miin.iKL-r. Ihvrii Soiiml-V.. VV. STUATIIV, Miinamr. h'i,lx',l-ONTAKIO HANK, (,)UKHKC HANK ami 1 KDKKAL HANK, ANH TIII.IK HUANCIII.S. A<7i' /.'//(//.vw/V/i-HANK OK NKW HKUNSWICK. Mk;, .S,W/,.-IIALIKA\ HANKINO COMl'ANV AND ITS HKANCIIKS. /V/;;., Ji./w.ini /s/.w.i -UNION HANK OK 1'. K. I, 1-iiaki...i i l.lovvN AM. SiMMl'.K -ll.K. ,Vni'/o,oi,//a,„/-('n\\^\K\S: ALK\. l.VNO. Mkssus. MORTON, HLISS .V CO. lioslon -MKUCIIANTS' NATIONAL HANK. Mkssks. KIDDKR, I'KAHODV \ CO. /•,-///.i>;Y-CASCO NATIONAL HANK. C/(/..v"-KIR.ST NATIONAL HANK. (;/,7v/,/W-commkrcl\l n.vkonal hank. D,l , ,-/■/ ~ M KC 1 1 .\ N I C S H .\ \ K . /;«/7;j/,)-KARMKUS' iV MKCIIANICS" N.VT. HANK. .l//M',j»/!84 SI 1,589,874 13 304,535 80 26,289 22 120,480 01 9,802 18 250,000 00 00,000 00 2,382 60 04,882 94 S|)ecie $270,301 36 Dominion Notes 519,935 00 Notes and Cheiiues of other Hanks Balances due from other Banks in Canada " ■' Dominion {lovernnie"t " " l'"oreign Agents Loans and Bills discounted on Bonds, Debentures, &r. Loans to Corporations Bills Discounted and current '■ past due, secured " '• " and not secured Real lislate, other than Bank premises Bank I'remises at Head Office and Branches Other Assets Montreal, j//< October, 1881. $9,030,433 20 $790,290 30 398,452 33 87,548 47 5,303 35 53,733 21 2iV,55G 45 24,770 00 7,012,528 87 70,085 10 20,900 90 138,300 72 184,000 00 26,831 38 -$9,030,433 20 i !■!; [over] i . ■,!' 77 an tmp: molsons hank. PROOEEDINaS OP THE <|^ircutji - sivth ^unnnl Km. kit. On llir iiKitiiiii (if llio CiiMKM.w, Mr. Ki.i.iipt w.i.s ii|i|Hijiit('(l StMiul.iiv nf llic mtfliiif;. .Ml.'S.XIM. ( '. KciV IIIkI I*. 1{\K WUK' ll|l|l(llllt('ll .til lltiniTIS. The I'ft'.xjdciil , Ml. 'I'liiiM \- W'liiiK M \s, li.iviiii.>- liikcii I lie elixir, I lie I Jum.Tiil Maimifoi lu.icl llic fiilliiu iiiji l>e|Hirl: - (iK.NTI.KMKN, Tin: I'liilit .'Hill l.ii.sH .\ iiiil iiiiil lii'ii(M:il Sliiti'liii'iit lit .'illiiiiN wliit'li liiiVL' liecli siiliiiiil.lt'il III yiiii arc llic llu^l iiiilir.'itiiiiis iif the ii'\i\iiiM |iiiis|ii'iil y iit llii- Kiiiili. tin- riiniiii;;.-' of ulijili liii tlic past year have liucli, in tlio face iif |iiiiliinv.'ci| liiw rates fm nioiicy, Inil uiicc cMnilcd in it.- Iii.«ti)i v. Till' Sliaidioldcr- will lie i/ratilied tn .il.seive the addiliiiii i.f ?i\ idend for tlic |>;ist >i\ ninritlis. Tlic adv.'inecs of tlie liank li.'iM' li.'id iiiir c'lK^fiil eiiii.n tliat fmni llic lilieial wiiliii^f oil in tlic l.isl anil lirccudinjr years ll 'ic will iciiiain a ni,iiy:ni aiiiply siillicicnt In niei't any (iiiilialilc lu-s. Since oiir last nicetin^' we have elnsed the .MilliriKik al;ililislicd a liiiineli .it W'aterliid, (tnlMiin which liids fan to lie icniiinerative. Tin; HiaMchcs and .\j;eiicics ol llic liank have liccn ins|icelcd once or ofteiier diuiiit; the Year, and wc arc happy to infui'iii von that tliev are all in /in ellieicnt and iinprovin;; posilion THOMAS WORKMAN, MoNTKK.vi., Ilith Octolier. I'li tiili iil. The Cmaiiim \N, lleiitlinicn, tin report is now licfoic yon foi di.«( iissioii. If any trentlenian present wishes lo ask any (jniistions we shall In very happy to .iiisvui llieiii It not, I will nio\( "That llic report now lead lie adupt.e.' Mi. Miii.siiN .seconded the rcsohilion. The < 'll.\>i!M.\N then said : Ucfoie pull inj; I he iniit ion, yeni Icnieii, I ni.iv lie pciniilted lo say a few words. As the Annual Ntrport just \i-iv\ is very brief, I doiilil not many stoi kholders would like to ohlani some additional information in reference to the past year's liiisincss, as well as to the future piospccis of the Itiink. I think I am jnslilicd in sayinn our leport ralher understates oin actual position. We have paid inn iisiial dividend of six per cent, per annum, and carried the hiindsonic sum of $1 I'l.llnil h '• Hest " lirini,'nii.' it up lo s!-J,'i(l,OiMl. This shows the net piollts of the year, after making ample provision for had ,ind doiililfiil del its. lo ho ali nil 1 1 .>, per cent. In refeience lo the amonnl written oil' this year, tlii^ directors entcrlani stronji hopes thai .i portion of it will lie lecouped liy the sale of lands in Dakota anil Iowa, :ind I miller limits in Canada. Our aetiial losses this year h.ive liecn very liiilil many of our a(;eiicies have not lost one dollar, the .Montreal iillicc escaped w illi .1 very liiiiilcd .iinoiiiit indeed. I am awaii, miiny of our shareholders think with such favoralile ic~nlls we ouj:lil lo have p.iid .i laijier dividend. This sidijcct was etirefully consideitd liy the diieclors and ociural niana(,'cr; they ilccnied it .sifer .ind more prudent to stieni.'tlien our icsources than to ineiea.se our dividends fm lliis year al least. We ni.ikc no piiimiscs fm the future, liiil should the next year lie as pros|H.'idUs .is the one pisl dosed, \vt' may ri'asoiialily hope to meet the « islies of our stoeklioldeis in this respect. We must bear in mind that at present every lii.inch of Inisincss is prospero.is. .iiid liccmiiiiivr more .iiid more evpaiided every day. Vast public wiiiks are bein^; e.ii ned on, ni.iiiy of w Inch w ill be uiipiiKJiicI i\e for years; new mills ami taelories arc beiiiK built, old ones enlaif^'ed. Kailroad, municipal and oilier limiiU, lo an ciiormou^ amount, are bciii;.' Iloated, and foreif^n im|Kirts increasing by many millions per annum. All these inteiesls aie absiiibiiii,' laroe amminls of money, and must as a natural eimscipience, produce .i stiipi;;eiicv in the money m.ii ket ere lon^r to be succeeded by f.ii lures and lie.ivy losses. It therefore beeomes the duty of your direct ors to build up a j^ood ri'scrvc, and as far as possible, i.'ii,iid a};aiiist such a cmitinj^eney. At present money is abundant .ind cheap, but be assured a eliaujfe is near al hand, not willislandin;; our very abtindaut harvest. 1 have much pleasure in be.iiiii(.' lestiinony to the zeal and ability of our Oeiieial .Maiiaj^rcr, .Managers, and otiicers p'lierally. To their careful jiidtimcnt .ind l.ibmions .at lent ion to their ini port ant dill ies we are mainly indebted for the pr(is|ier(ius condil ion of 'lie bank U) day. It is the ml el it ion of the I ieiicial Maii,i;rir and myself to visit the dilVerent at;encitw ere lout:, and eiiipiire into their condition. We have found fmiiicr visits of this nalure Ini^lily satisfactory a.s well as pidtilable to our sloeklioldcis and iiiiploycs ireiiei.dly If \ on li.ive aiiylliinn more lo say, i;eiitlemen, or any remarks lo make, we would be olad lo hear them. Mr. Nklsos I would like to say a word as lo llie employes and ollieeis of the bank. N'ou, Mr. Chairman, allude to the Oeneral Mana^rer. ll perhaps may not be kiioHii lo all oentliiiien piesent Ihal the otiicers of this institution iiumlier about ninety. There are fouiteeii .ij^eneies alto^'ct her, 1 think, and ulieii out of iiincly gentlemen you cannot liiid u black sheep, 1 think it is a ooml deal to say. 1 believe there is no iiislitution in the country that employs ninety n :; 11 (illli-orH timt iKWHC'HH iiiDi'o ctlicifiit ineii tliiiii wu hiivt-. I inn nut |ii'p|mrf(l to |K)iiit to oiio man who in not fit for the iHwition lie (iltiiimum. I wiinlil lik" to iniikc an nlliiiion tii tlic crixiM thrun^li wliii-li tlio w)i)ilo woilil linx |hii«iiuoiniiiion that is more ciiiefnl in that lenpei'l, iind therefore there is a i,'ieal deal of ien|H)nniliility devolving; n|ion the slioiildern of th«! Direct orn. This year especially, and probably to some extent last year, we were very fortiniale in eni^apiiif; losses, and I hope we will succeed in iloinj; the same for the year wi.' are just entering: upon. Mr. TlloMAS If yon will permit me to do so i desire to .-ay just a word in this connection. It wan the wish of the otlieers with whom I consnltiMl that the stereotyped recojjiiition of llu' duties di.schartred by them should not be rejicated. It has been done annually and wlictlier we deserved it oi not it would be passed. As I look at it wu receive wli.it in considered full remnniiation br our services and we are simply doiiii; onr duty as ctlicitMitly as we can and no more. I nlionld not have risen and said .so iniieli upon this subjecl bad it not been for the voluntary remarks of onr worthy director, Mr. Nelson, on the subject. I was ipiite iniawaie that be was aboiil to do it, however. I am siiri; that I only express the feeling of my follow ollicers .is well as myself in thankiiij; yon for tliiil volnnt.iry recognition of onr services. I may nay, speaking us general man.'i>_'er of the b;iiik, that we can coiii.r|gilnl,'ito oui>elves upon having;, not only a stall' uf ollieern who di.scliarj.'e their duties elliciently in the ollici^ ibiiiii^ their olliciid hours, but out of ollice I believe they (u)iidiicl tliem.nelves in a very exemplary manlier. As j^enera! iiiaiiai,'ei I have the fullest satisfaction with the very j^chhI and etiieient ntatl' which I think we now have. Mr. ('oli.SK I would like to know what "other ii.s.sels" mean. I see it in '.he re|K)rts of all the bankn with which I have anythiii}; to do. It strikes me as a sin;,'iilai item. It doe.s not .say what the " other as.sets " are. It merely i;iven the amount. The CilAiKMAN That refers to money i^liiipies anil drafts in liaiismission between the branches. The election of diiectois was thin proceeded with. The Scrutineers shortly afterwards made the following; report ; — " We have to report that liavini^ counted tin day, wc find the followiiij; ;xeiitlemeii unanimously votes lit e elected II meeting of the directors for the MiisTKKAl., October H>, I.SSI. shareholders of the .Mol.sons liank, held thin ensiiini; year. ' Davih Hak, 'tj. Kov." Directors S. II and Thos. Workman. The CiiAiKM AS Kwiiijr, .1. II. II. .Mol.soii, Hull l>. L. Macphei.son, II A. Nelson, K. W. .Shepherd, Miles WilliiimH • ientlenien we are very niiicli obliged to yon for your .illendunee. ISIr. CoiisK I ho|H! you will do as well in the coniinj; year as you have done iliiiin;.' the past year. The CllAlliM.VN We do not promise, but we "ill do onr bent. Mr. (.'oK.sK — That is all we link The meeting then adjoiiineil. At a siibseipielil meeting; oi Mn; Dnectoi.-, .\li. Tlioinas Woikinan was le elected 1' on, N'icel'iesideiit. idem, and Mr. .1. II. U. PROFIT AND LOSS ACCOUNT. Ualaiice at credit of I'rolil and Loss on .■|otli .Scpleiiibci , I.S.Sil Net protits of the year, after ilediictin^'- cxpcM.ses of iiianai.'iiiieiit and ii'seivation for interest m'ciued on deposits and e\eliaii;re, are .'<"J!Ml,2 IS ll(t,(HM) 00 $9,KU-2 18 i::1 m THE MOLSONS BANK. INCORPORATED BY ACT OF PARLIAMENT, 1855. HEAD OFFICE - MONTRHAL raid- up Capital, $2, 000, 000. Rasi Faiid, $*riO, 000. BOARD OF DIRECTORS. THOS. WORKMAN, l'risi,lr„t. .}. U. R. MOLSON. Viiil'nxiil.ni. R. W. HIIKl'IIKRI). II. .\. NKLSON. Hon. I). L. M.\irilKR.S<)N. MILKS WILLIAMS. S. II. EWINC. F VVOLKKR.STAN THOMAS, (liH,r,il Mnmi.,,r. M. IIEATON, lHs,»,im: BRANCHES. Itrtxh'ilk i. W. H. RIVKRS, (7/i(ti«—V.. K. MORTON, 'JWoHto~L. II. ROBERT.SON, rn„iai,--H. ERASER, Wal^r/vo, Oiil.-.l HKSPELER, AGENTS. Vi"'«'-UNION BANK OF LOWER CANADA im.l EASTERN TOWNSHII'S BANK. OhM/io -ONTARIO BANK. DOMINION BANK ami FEDERAL BANK, ami tliuii Biaiiclii;.s. X,w UriiiimnH- - UASK OF NEW BRUNSWICK. .Voin .SV., //a -HALIFAX BANKIN(i COMPANY micl itn Branches. I'rinif h'lliniid Ix/miil — UNION BANK OF 1'. K. I., Cii.mii.ottown am> Soimkilsiuk. A'n/yoH/«//«H./-COMMERClAL BANK OF NEWFOUNDLAND, St Jhiins. IN EUROPE. AoH./oH- ALLIANCE BANK, "Limitkh." MKssl^s. CLYN, MILLS, CURRIE & CO. MKssifcs. MORTON, ROSE & CO. Liwi-jiooZ-'mK NATIONAL HANK OF LIVERI'(K)L. Anlwi,/., Jlv/ijiiim—LA BANl^UE cl'ANVERS. IN UNITED STATES. .v.." 1V/1-ME(JHANICS' NATIONAL RANK. MKSSI1.S. W. WATSON & ALEX. LANO. MKS.SKS. .MORTON, BLLSS & CO. noHton—M E R(; H A NTS' N ATION A L BAN K. Mu-ssits. KIDDER, I'EABODY k CO. /•o/^amif— CASCO NATIONAL BANK. C/titH./o— FIR.ST NATIONAL BANK. a/'nhml COMMERCIAL NATIONAL BANK. jMrnil MECHANICS' BANK. ««7/;i/o- FARMERS' & MECHANICS' NAT. BANK. i1/(y»v,H^i— WLSCONSIN MARINE AND FIRE INSURANCE CO. BANK. n,/n,u, .l/o/(/<(»'i— FIRST NATIONAL BANK. Fort Billion, Molilalia- FlliST NATIONAL BANK. 7'o/e«i,t;,nvU~C. W. CLINCH, /.oni/„ii -Ji)S. JKIIKKV, .Uia/„r,/-\'. ll'M.KK, .I/oH/m//-JA.\IK,S KI.I.IOT, .I/t<;mA«/v-L. \V. IIO\V.\UI), (>7i;ii S.'iiii.l -V. \V. I). IlKOHKICK, \laii;inir. A'/,/;r/(«cH-l,. v.. TATi:, Siii,tl,\ /■■„//< -\. V. TUKdKNT, SoirZ-^ii. CKKHASSA, .SV. I'homas (1. K. Ml (U ION, " Toi;mlo~\.. II. KOllKKTSON, /i,iil,»i-\< IkA.SKK, ii;,i,,ioo, o,ii.-]. iiKsi'ia.KK, AGENTS. t'//A,-Mi;K( HANTS HANK (il- CANADA and KASTKKN T( )\VNSHI1'S HANK. (;«/,/;•/,/ ^ONTAKIU HANK, DOMINION HANK uml IKDKKAI. liANK, ;iii.l llicir litaiuho. New /hii,nu'i,k-\i.\\K (JK NKU liUCNSWICK. AW,i 5..'//,(-llALIFA.\ liANKINC COMI'ANV and il. UmiuIr,. /'riiuc Edtviiid /~/un,/-\Sl()S HANK o|- I', i;. I,, Cii,\Ki.cvi i i,u)\vn \m. Simmlk-^iim,, .V,jc/,wW/,;,„i'— COMMKKCIAL liANK ()!■ NKU rolNDl,.\ND, Si. Joiin^. IN EUROPE. /.('W.W-A1.1.IANCI-; liANK, "I.niiii.n ." Ml;^^k>, C.I.VN, MILLS, CCUKIi; ,\ Co. Mi;>^k>. Mokl'oN, KOSI-: \ ('( >. /.iv,:>/,oo/~r\lK N.VnoNAL HANK ol- l.I\ I.KI'ooL. .hi/m,/, /l,,'c'"'i/-L.\ HANi.U'L il'.VNX KkS. IN UNITED STATES. A',w r.W-.MLCHANKS- N.\TION.\I. I!.\NK. (V.rr/.,;/,/ - CoM M i;k( l.\L NAIlON.M, H.VNK. .\ll.^^Kv W. WATSON a Al.i;\. L.\N(;. A//-,.// MKl li.\NICS- HANK. MORION, HLISS ,\ CO. A»//i;,',--IAKMi;kS' Ot .MKCHANICS' N.VT. HANK. /.W,»;-Ml.;kCIIANIS' N.\TloN.\I. HANK. Miltv,tuk;L — WLStONSIN MAklNL AND MKL Mi;s-Ks. KIDDLk. I'LAlioliN' ,V Co. INSUKAXCL CO. HA.VK. /W/„W-C.\S((t NATION.M, HANK. //,/,;;,;, .V<'«A»w - KIkST NATIONAL HANK. t7//,,;<,'d-l'Tk.ST N.UTo\.\L H\NK. /•,><•/ M/.-aw, \lo>,>„<,a- ITksT N.VTION.M, HANK. 7;)/(,/,) - Si:( I iM) NAIloNAL H.WK. C(JLLliCTIONS MADL IN ALL I'AkTS ol- TIIK DO.MINIoN, AND KLTCkNS I'kOMI'Tl.V RL.MITTLD AT LOWEST kATL.s OF LXCIIANGL. LLTTlik-S OF CkLDIT ISSUED. .W AILAHL1-: IN ALL I'.VkTS ok TIIK Wokl.D. Si r THE MOLSONS BANK. PROCEEDINGS OF THE Toienty- Seventh Annual General IWeeting ■ I 11 STOCKHOLDERS Ol- TIIK MOLSONS UANK. //<•/// a/ their Juiiii'luji^ J/oiisc in Montreal, Mouday, ijt/i Otto/nr, /\ per cent , Isl April, 1882 ^70,000 00 51th " "" " Isl October, 1882 70,000 00 $110,000 00 $174,379 (;i Leaving a surplus of $184,241 79 From which dcMluci amount transferred to Rest Account 175,000 00 Leaving at credit of Profit and Loss, on September 3()th, 1882 $9,241 79 82 .n* The Pkksikkn r, in movin|{ the ailDption of the Report, said ; — (iKMLiMKN, — In addition to the Ke|M)rt just read l)y the (Icncrai Manager, I hope you will permit me to add a few words on the results of our past year's business, as well as to express the hope wc entertain for the one on whi( 1) we have just entired. 'I'lie prunipal statements now l)efore you show these results to he eminently satisfactory, as also very iirofitahle. We have increased our dividends from d |)er rent, to 7 per rent, per annum, and have added to the " Rest" $l7ri,0l)0, eijual to X'l per cent, on our capital. Wc have also niade ample provision for all had and doulilful dehts, as well as written olT a onsiderahle sum frtmt several that will prol)d)!y turn out neiilur had nor doulitful. Within three years we have increased the Rest from $100,000 to .^ I •J.'i.OOO, n\ addition to payinj; our regular ilividends. The Rest i.s, I l)elieve, a reality, and (;ood for every dollar it represents. Our husiness has heeii leniarkahly free frouj losses, in Montreal as well as at our several l)ran(•hc^l I wish to avoid anticipating the future, in regard to higher «li\ilends, but many of our stockholders iiave askete(l. Mr. N. U. Corse moved, seconded by Mr. Hutchison, "Thai the thanks of the shareholders are due anil are hereby tendered to the President, Vice-President and Directors for their attention to the interests of the Hank during the year just ( loscd." Carried. The pKicsiDKNr thanked the shareholders for the resolution, and assured them that the Directors had endeavored to their utmost to further the interests of the I'ank, in which work they were ably assisted by the (icneral Manager, Mr. Thomas, and the local Manager, Mr. Mlliot. The pRicsiDKNi' stated that it was at the express wish of the (Icneral Manager and officers that no formal resolution conveying a vote of thanks to them for their services had been brought forward. ' Mr. Thomas, in resjionse to a reiiuosl by the President, explained the nature of the debt of the St. Maurice Lumber Company to the bank, lie hail i)een askeil tiie meaning of the action taken against this ('ompany for $llJr),000, and what effect it would have upon the assets and position of the bank. The whole of the amount, with the exception of $'JH,000, has been provided for, and we have retained the timber limits, r)b") sipiare miles in extent, more than half of which are of a very admirable description, although some distance removed from the St. Lawrence. It is ipiite |)ossiMe that we may obtain forty, fifty, or even one hundred thousand dollars, or more, for the limits, all of which, in excess of the amount of $"2.S,()00 which I have already referred to, will again be a surplus to the bank. I may ad 182 75 Notes and ("hecks of other Hanks HalancLS due fiom other Hanks in Canada " " Dominion (loveinmeut " " l''orei-n At^enls Loans and Hills diMouiited on Honds, Debenliucs, iVc . Loans to (.."oruoratioiis Hills discounted and current " " [last due, secured " '' " ami not secured Real Instate, other than Hank premises * Hank iirennscs ai Head Ollice and Hrauihes Other Assets MOMKI.AI, V//' tA7'rV'<■^ 1 .^.^2. • $()51,912 0() 223,114 79 140,203 32 7,582 82 1(),312 11 4 5(),;il I 4 7 201, G17 18 7,091,801 13 73,728 70 4,150 12 90,715 lU l.SLOOO 00 30,(J29 72 -$9,7.su,872 l; U MMHBHI QUEBEC. QUE REVELSTOKE, B. C. ; IT ! GENERAL STATEMENT Of the A J] airs of The Mo/sotis Bank on (he '2\)fh September, lss:j. Capital aulhori/ed ("apital siil).scril)e(i LIABILITIES. (,'apital paid up Notes in circulation Dominion Ciovcrnmcnl Deposits payable on (iemaiul after notice Provincial C.overnnient Deposits payable on deniaiul Other Deposits jiayable on demand " " after notice Due to other Ranks in Canada " other IJranches " Agents in Uniteil Kingdom " l''oreijj;n Agents Profit and Loss Rest l-'ifty-sixth Dividend Dividends unclaimed Interest, l^xchange, i!\:c , reserved. . . . * 2,000,001) . •2,000,000 $2,000,000 00 i,.S.")t,01() 00 4 0,1 2 1 75 ASSETS. Specie iJ.U ;{,.^.-)7 .55 Dominion Notes \y\ \ jj qo Notes and CliKpies of other I'anks Balances due fioni other Hanks in Caiiad.i " " Dominion (Jovernniciit " " .Agents in Unileil KiM-doiii , ■' " I'oreign .Agents Loans and Hills discounted on HoiuN, Dchcniiiics, iVc, Loans to ( lorporations Hills disciiunti'd and curiciU " " past due, secured " " " .ilid not sccuied Real I'^stale, iitlier than ISaiik pieiuises Hank premises at 1 lend ( Hire nnd I i.inrlies Other .Assets MONIKKAI., tth Oilolhr, iss.i. 4.0)11 '.).{ 2,22:{,(;oi o.i 2,H7,:>t;7 u 225,41!) ,S 75(;,7()1 55 24S,5!)5 4ft 109,029 27 r.,oi:] CO 11,7111 00 :{0,.'n2 91 :}of.,21s 00 H55,-J|9 25 7,1 22,(1 l(i ".15 71,02.s 0:5 I7,():?l SI S7,515 ss is 1,000 (II) .•.,r!is ,M I'.i.sos, Ljj -js 89 m I- ;- ff m THE MOLSONS BANK. PROCEEDINGS OF THE TWentiJ-eijhlih Annual [[ener'al Meeting — OK THIC — STOCKHOLDERS OF THK MOLSONS HANK, Held at their Han kin i^ //oust in A/on/ira/, Monday, XI li October, I'^s:}. \ If 'riic Aiimiiil (IfiuTul .\kvliiij; of lliis I!:iiik was luld at its HankiriL; llmiM', in MmilrLal, mi \Iiiiiilay, llic f3. AiiK/lig ihiisf present Hta- Mtssrs. 'riuinias WiirUiiian, I'rcsiilcnl : j. II, K. MdKon, XicfPrcsidunl ; S. II. Iswin^, Milts Willliaiiis, K. \V. Sluplic-rd, A. I', (iaiilt, .\li,vriion SlL-plicn, (Surd). I'. II. ('nphiial, Paviil Kau, David Crawlnnl, I). .MiCarlliy, (Sorcl), J. Try-Davis, .\llnrt D. Nelson, I-. \V. 'riiniiias and Jaiius lijlini. The rui'.sllii:\ r, liaviiij; taken llie Chair, said ; — Cienlleiuen, it is now a (luarter |)asl 3 o'cliuk, and time to (ir^^ani/.e llie Meeliii);. I wnuld ask Mi. James l-llUnt, Manaj^er of the Local liraiich, lo kindly aii as .Secretary, and, as there will lie two .Seriilineers necessary, perhaps .Mr. Nelson and Mr. (rawl'nrd will lie kind enoiii;h to act ; «!■ uill not detain you very Ion;;. The ( leiieral Manager will now read the Keixirt Tliedeneral Maiiaj;er, Mk. V. Wm i l.Ksi .w Tikimas, then read the following; ANMAI. Kl.l'OKI. (il'.vi I'.MI.N, - .\l the last .\nnual Meetini;. appearances jiistilied yoiir Directors in fipresliadovsing an increased Dividend for the ensiling year. < )iir e\peclalions have lieen reali/iil, and a I )ivi(lend of eii;hl per cent, has lieeii distriliuted. Within a week of ihe closini; of oiM linancial year, »e felt as.-.iired of oiir ahility to ha fail to he prolltalile. Since we last met all the liraliches of the Hank have heen iuspccleil, and found in l^ooiI order. We a(;aiii espress our satisfaction with the manner in wliiili llie ofliceis of llie institution hive performed their duties. illoM.VS W(jKK.\L\N, /'/o/l/l///. PROFIT AND LOSS ACCOUNT. Malance at I'rolil and Loss, on liOth Sepleiuher, L^-N^ $!',1.M1 7'.! Nel profits of the year, alter deduclin^ espeiises ol manai^emeiit, reservation for inleresi accrued on deposits, exchange, and al.so making; ample provisions for had and douhtliil delil $2iil,L'>,'i !M J''ioni which has heen paid ; ,'i,''itli Dividend, at I per cent., Isl .\pril, l.'^.^y $.sO,000 00 fititli " I per cenl., 1st Octolier, lSN:i .S0,0CO 00 Ili0,000 00 10l,l&ri !M Leaving a surplus of $11^,427 Tli I'rom which deduct aiuoiint transferred to Uest .\ccounl TfiiOOO 00 Leavinj; ,il credit of I'rolit and Loss, on Seplemlier '2'.i|li, 1SH3 $;i.H,427 73 SO 7^\ \iii. 00 73 TlIK I'ki>I1u:nt, in movint; the adoption of the Rc|iorl, ^aid :— Clcntlcnicn, you have licard the Kc|)ort which has just l)ten read. If you have any (lUL'slions to ask in reference to it, or Iho conchlion of the Hank, we shall In; very ylad to answer Ihem. This is the Annual Meeting, and the day on which the Stockholders have the right to put (|uestions aiul make eiiiiuirles. No (|Ucstions having lieen put, TllK I'KKslliKM' said : — Genllcnien, before moving the adoption of this Report, permit me to make a few remarks u(»)n the jxisl year's business, and the hojK-s your Directors entertain with reference to the one on which we have just entered. The losses alluded to in the Report, although not very serious, are very annoying. They are nearly all the result of well-planned forgeries and plausilile frauds, against which it is difficult at all times to guard. We have, however, provided for Ihem in full, and shouhl any- thing l>e recovered hereafter, it will be so uuich le added lo our profits. Noiwitli-.t,ine losses, your Directors entertain the ho[x; that the results of the year's business will meet with the approval of the stockholders. .\s already stated, we have paid two half-yearly dividends of 1 per cent., have added $?,'>, 000 .o " the rest," and increased our I'rofil and Loss .\ccount by $2i>,000. Until very lately we hoped to have done much better than this, but have been 'lisap|)ointed. The business of the bank is increasing in volume and im|)orlance every year, and your I )irectors have well grounded hope of a continuance of the same. The trade of the country is fairly pros|K'rous, and the commercial outlook on the whole satisfactory. The supply of money is am|)Ie for the legitimate reipiirenientsof business al fairly remunerative rates. The returns of the harvest just secured, particularly in (he I'rovince of (Juebec, are satisfactory, and cannot fail to produce beneficial results to iHith business and banking. The over priMluction in some branches of manufacture has, I hope, been checked by judicious concerted action ; wu may, therefore, reasonably antici|)ate a letter demand, and steadier prices for such goods. The lumber trade, although not so remunerative as Last year, is in good nhape, employing a large number of men and disbursing nuich money. Our ex|)orls of cattle, butler and cheese have increased enormously, and prices are, I am informed, highly remunerative to the producer if not lo the exporter. The loi'struclion of ihe Canadian racific Railroad is making rapid strides towar|)erily. I might nienlion many other wurks of a similar character from which the country is deriving much benelit, but I will not detain you longer on such subjects, '•iiially, I indulge in the hope that this prosperous condition will coniiiuie to bless our country, and that The Molsi>iis liank will share in it, and be able, for the year on which we are just enlering, to pay its s |)er cent, dividend and further increase its rest, to which the sum of $100,000 has been lulded within the past four years. ( ientlemen, with these few remarks, I beg leave to move the adoption o( ihis Re|)orl. Mr. J. II. K. .Miil.snN ^econded tlie iiiolion, which was carried unanimously. Mr. MrC'\K!i!v, of .Sorel, then moved, seconded by Mr. I). Ckawiuku; " Thai the thanks of the Shareholder^ are due anil are hereby leiiilereil to the I'resideiil, \'ice rresideiil and Diieclois, lor their attention to the interests of the Hank during the past year. The rKi;sii)i;N J in returning thanks siiid : — On behalf of myself and tile lioaril of 1 )irectors - perhaps some other gentleman may s;iy a word or two also — I have to return our sincere thanks for this resolution. The Directors generally, I assure you, pay a great deal of attention lo the liank, .mil we Iio|K' in liiture lo continue that work, and also in xlmw a^ good results, if not lieller. Mr. A. V. (i.\ri .1 said ; (ientlemen, on behalf of the Hoard of Directors I beg to return thanks for the con>|)liinenl that has been |)aid them, and though one of the youngest here — I do noi |)ropose lo say imuh ~ I can only say I hat I h.ive never been on any lioartl where all Ihe affairs of the inslilulion in all parts of ihe I'roviiue and all the details are broughl more piomplly liefore the Hoard than here. There is no tran.saclion that is not broughl liefore the nolice of ihe Hoard, and I ai.i sure thai the Directors have given the alfairs of the Hank every altenlion that it is possible lo do. I iliank you, genileiiie'i, for the honor you have done us. The ballot having been taken, the Scrutineers presented the following re|)orl : — Jo l/u Uiiliial Miiiiiii;ir of tli, Molions /niiii; : ,SlK,— We, Ihe undersigned, acling as scrutineers at the annual meeting of the Molsons Hank this day, beg to report the following gentlemen reelected to act as Directors for ihe en^uing year : — Thomas Wiitkiuaii, J. U. K. MoImjii, K. W Sheiiheni, Miles Williams, Hon. D. I.. Macpherson, S. II. lowing, .\. I'. Gault. At a subseipienl meeling of ihe Hoard, Mr. Workman was re-elected ['resident, and Mr. Nb)lMin, \ice-l'resiilent. 87 \W^ THE MOLSONS BANK. INCOR; ORATED BY ACT OF PARLIAMENT, 1855. 1 1 E AD 1' I ■ 1 Ci: MO i\ T R I-: A L. Paid'iili C(ii>U(il, S'-\0()0, ()(}(). Rest Fund, S'^'i 00,000. • ««■ » — -- BOARD OF DIRECTORS. I'llOS. WOKKMAN, I'li.nhiil. J. li. K. MOI.SON, ;>,, I'nsiU.iil. U. W. SIIKI'IIKHI). MII.I.S WILLIAMS. llo.N. I). L. Ma( I'llKK.SON. S. IL i;\VIX(i. A, I-. C.MLT. !•■ VVOLI'l'.KSTAN TIIO.MAS, iinunil A/,ii/,ii;,r. M. IIKA'I'ON, /«.»/(,/«/. Aylmer, Ont. — \\. IL 1)IM<>, MOiniiN, ROSK it CO, LiiieriHiol-VWi: NAIIONAL HANK ol I.I\ Lkl'OOj.. Antwerp, Bekjium~\.\ li.VNijCK n'ANNLRS. IN UNITED STATES. New Kor/f— MKCIIANICS' NATIONAL HANK, Ml.-sKv W, WAISON, \ AI.l'.V. L,\\C MORTON, llLISS iV CO, flos\,r,:i2 3 -J 7,30,-) 4-) 1 12,-J2,s :)-, '>2,8(i3 2'.> 1^)2,125 00 892,911 00 113,918 -JM 'i, I0I,3")3 S7 ll)7,(L'S l,s 22, l.i!» 00 8I),09l> 90 184,000 00 4 '.i.'iS ();-) $'»,t.-,:{,:..^o 1: III 89 w tie. >!' 9f i • m ^^ ii ' w § THE MOLSONS BANK. PROCEEDINGS OF THE TWEHTY-HIHTH ANHUAIi GEflEHAIt IHEETIHG OK THK STOCKIIOLnHKS OF THE MOLSONS HANK, //i/(( at their /niiikim^ I louse in Montreal, Monday, ijtii October, iSS-f. The Annual Ciciienil Meetiiijj^ of the Shareholders of the Molsoiis Hank was held in its Uankinj; House, St. James Street, at three o'clock on Monday afternoon Oct(»ber i;Uh. The President, Mr. Thomas Workman, occupietl the chair, and there were also present Sir David Lewis Macpherson, Messrs. J. H. R. Molson, R. \V. Shepherd, S. H. Kwin^^ A. I*". Gault, Miles Williams, Hon. Judjjje Merthelot, David Crawfortl, John Hutchison, D. McCarthy (Sorel), David Rae, Wm, Macpherson, II. Archii)ald, J Try Davies, 1'". Wolferstan Thomas and James lUliott. The Pkksidknt, havinj^r taken the chair, the Cieneral Manairer, Mr. I'". WoKerstan Thomas, read the followinjr Annual Report :— Gkntlkmkn, — The Profit and Loss Account and General Statement of Affairs which have been submitted to you will, we confulcntly believe, meet with your a|)proval. During the past year it has been with difficulty that we have been enabled to secure profitable and safe investment for our funds. The results, however, which have permitted the payment of our usual dividend of S per cent., and an addition to the Rest of $100,()()0, after making the usual liberal provision for bad and doubtful debts, are encouraging. The Rest now stands at S0O0,(IOO, eciuivalent to IK) per cent, on the capital of the Hank. It will be our steady and persistent aim to add thereto till it shall attain $L000,000, or ;")() per cent, upon the capital. F(jr the past two years the (juestion of closing the IJranch at Ingersoll, and replacing it by another at the neighboring anil County Town of Woodstock, has been under consideration ; it was finally resolvetl and acted upon, and so far we see no reason to regret the change. All the Hranches of the Hank, including the Montreal Office, have been inspected once, and in many instances twice, since we last met you. We have again much satisfaction in testifying to the general efficiency and good conduct of the Officers of the Hank. THOMAS WORKMAN, i-'wasiDicN'r. 'JO m The PuKsiitKNT then said ; (Icntlemen, it is customary l)cforc' moving tlie adoption of our annual report for llic president to niake a few remarks in further explanation of the year's business, and the hopes your directors entertain in reference to tliat on which we have just entered. I trust you will find the statements now before you clear and satisfactory. As already stated, we have |)aid dividends amounting to H per cent, per annum, and added to our rest $100,000, after ami)ly providinj; for all had and doubtful tlebts. Our rest now amounts to $000,000, ccpial to 30 per cent, of our capital. In five years it has been increased by i}'^)00,000 — a good test of the salutary condition of the bank's business. This is a better result than at one time I anticipated ; for during the first half of the year we met with some large losses as well as several smaller ones, for all of which we have provided. The last half has, however, been free from losses, and our business having lijen active and fairly profitable, enables your directors to show such a good statement to-day. We enter upon another year with a clean sheet, strong reseives, a moderate demand for money at paying rates, and a hopeful feeling amongst our customers. 'I'he farmers throughout the Dominion have secured an abundant liarvest in prune condition, and arc now bringing their grain, root crojjs, butter, cheese and cattle to market, thus creating an active demand for currency. Our circulation has lately gone uj) rapidly, a certain proof of increasing prosperity and greater activity in business. Profits are doubtless not so large as in former years, and I do not anticipate another boom such as then i)revailed, yet I believe the worst has been jiassed and every change will be for the better It is true that severe losses and great de|)ression have been experienced by our merchants and manufacturers the past eighteen months, and some time will yet be rc(|uired to overcome them. A prudent economy now pervades all classes, our foreign imports have decreased very considerably, and a general reduction of indebtedness is going on. These will soon produce better times and a mor-j active condition of trade, in which our banking institutions will participate. The future management of the bank will, I doubt not, be characterized by prudence and caution, and the directors to be elected to-dny will, I hoi)e, exercise a careful supervision over its affairs. I leel certain they will be ably assisted by the general manager, Mr. Thomas, and the agents and otTicers under him. It is mainly due to the ability and constant attention ol these gentlemen that we are able to-day t(j place before you such a favorable balance sheet. I hoi)e next year's will be at least as satisfactory. I now beg, gentlemen, to move the adoption of the report. If any of the stockholders which to ask any (juestions we shall be very hajjpy to answer them. Sir David Lkwis Maci'IIKkson seconded the motion, which was carried unanimously. Hon. Judge Hkutiiklot then moved : — That the thanks of the Shareholders are due and are hereby tendered to the President, Vice-President and Directors for their attention to the intetesls of the i)ank iluring the year. Mr. I). McCaktiiv seconded the motion, which was also carried unanimously. The ballot having been taken, the .Scrutineers presented the ftjlhnving re[)ort : - 7^0 the General Manager of The Mo/sons Bank : SiK, — We, the undersigned, acting as Scrutineers at the Annual Meeting of the Shareholders of the Molsons Hank this day, beg to re|)ort the following gentlemen re-elected to act as Directors for the ensuing year : — Thomas Workman, J. 11. R. Molson, R. W. Shepherd, Miles Williams, .Sir D, L. Macpherson, S. 11. Ewing, A. 1*". Gault. H. AkCIIII!AIJ>, "I e ,-. .. > scrutineers. David Ckawiukd, j The meeting then ajourned. A meeting of the Hoard of Directors was held immediately afterwards, when Mr. Thomas Workman was re-elected President, and Mr. J. H. R. Molson, Vice-President for the ensuing year. PROFIT AND LOSS ACCOUNT. Halance ut I'ml'it and I.l)s^, mi liOlli SiptLinbcr, lS,s;j $3S,427 73 Net prutil.snf iIk' )Tai, al'lir (Icdiutiin; cx|H.'nsi;s iif niaiiam-'incnt, rcsci vatic in for iiilcrusl accrueil on deposits, cxdian^jc, and also niaking ainplu provisions lor bad and douUliiI dcljls S'lJarijUlil ."il I'rom which lias hccn paid : 57th Dividend, al 1 per cent., 1st .\pril, ISS-t $80,000 00 58lh " 4 " 1st October, 18tS4 80,000 00 160,000 00 75,010 52 Leaving a surplus of $111, 347 '25 I'roni which deduct anioiint transferred to Uest .\ccount 100,000 00 l.cavint; at credit of Trofit and Loss, on Sei)tenilier 30lh, 1884 $14,347 25 MoNTKEAi., 4i/i Octoher, 1881. ill ri'.' THE MOLSONS BANK INCORPOflATEO BY ACT OF PARLIIMENT. 1855. IIF.Al) OIFICE — MONTRHAl.. Paid- up CO'pUni, $i^, (HH), 000. Jiesi Fund, $(;(K), 000. U VV SIIKI'IIKUh. MILKS Wll.MAMH. BOARD OF DIRECTOKS. TIIOS. WOKKMAN, l',,si,l,„i. .1. II. K. MOLSON, {■(.■. /'«.v»/./,/. Hiu I). L. .MAIM'IIKUSON, ,i ('. A. I'll'ON, \V,ii,,l,m,()nl. .1. IIKSl'KLKIl, ir„.»/N^,,y(, Oh^ a. r. TilKCiKNT, Miiimnnr. AGENTS. Vm7-K IN ALL I'ART.S OF TIIK IXt.MINION. AN!) KKTIIRNS I'RO.MI'TLY RKMITTKl) AT LOWKST RATKS OF K.VCII AN(!F,. LFTTKRS OF CRKDIT ISSCFD, AVAILAHLF IN ALL I'ARTS OF TIIK W(»RLI), 92 ^h m^ Jt 4 i ^HU^^BoKT^^Hj^B^I mL ^ u liBSi^^H 1 1 1 m K pan s RIDGETOWN. ONT. « m • « ' jPKi ■esrriimm l^SSl * m \ ;■■•: •■'■'"--■^ *••*• ■ ii IK ■> I. k til! 8IMCOE, ONT. ,;!!!;- [ M \<- i Tlir-: MOLSONS HANK. INCOflPORATEO fly ACT OF PARLIAMENT. I8S6. Ili:.\|) OIIICI' MONTklvAI.. Paid-up Ca, din I, - - SJ,n00,nm lt<'st F,unl. . . Si;7o,()0l). BOARD OF DIKEC10KS. TIIO.S, WOKKMAN. I'KK^ihKM. .1 It l: \|nl,.S().\, Vl, K I'liMILKST. '•' ^^' ^'"^''IIKIII.. j su. I.. L M.\<|.MKI!S(.N,,;r.M.,i I S. II KWINd, .\ K. fi.Vfl.T. mim:s wiu.ia.m.s I-'. Wdi.KKK.STAN THOMAS. (iKNKUM. M^su.iu. M IIKATON, lNsiKcr.,11. Avi.MKH, ()\T. \V. If. DUAIKK, Mnim,r,.| HuncKVII.I.K .J. W. |{. lUVMK.S, Clinton H. C. ISKKWKH, KxKTKk A. A, ('. DKNOVAN, Hamilton -.1. M. lU'KN.S, LoNiio.N JO.S. .JKKFKKV, Mkakoui. I'. Fl'M.KK, MoNTKKAi. .lAMKS KLLIOTT, MoKKisiiiHf llic liiisincss which arc now presented In ymi will lie deemed salisfaclniy. .\flcr makini; ihe usual prnvision for had and , as aj;ainsl $1 l,.'!17.'2r) linm^hl forward in lliis account from Ihe previous year. < )iir " rest " has now reached the sum of $ii7ri,000, or M:?-,' per cent, of the hank's capital. The ISraiu lies of the Hank, inehnliiii; the Montreal oHirc, have licen inspected at least once since we last met you, am) we arc .i(;ain cnalilcd to Icsiify to the continued efliciency and ■^ I conduct of ihe oflicers of the Hank [generally. Though the lunilicr inleresl, which is one of the most inipoitanl industries of the country, is doin^ well and the Imsincss of hnih cotton and woollen inaiitifaclories is improvini;, yel, in view of the prcvailiiii.' philiora of money, the only moderate harvest which has licen pilhered in, and the low prices ruliii}; for all aj^ricultuial priMluc's, we cannot aniicip.ite that the year upon which we have ilo'v entered is likely to result in any more lavoralile exliiliit than that now suhniilted. Since our last Annual Mceiini; some of our DireiMors accomp.niied liy the ( leneral Manai;er, lir.ve visited Ihe several hranches of Ihc liank. \Vc would cordially recoinmenil to our successors in ollicc a coiiiinuance of this pradice liy which they will accpiiie an insi};ht into the hank's husiiicss and a jiersonal knowledi^e ol llicir ollicers and cn.Ttomers which can he gained hy lit) other means. TlloM.XS WORKM.W, 1' Hi id,- 11 1. PROFIT AND LOSS ACCOUNT. Halance at riofii and Loss, on ;iOth .Sepleni:.cr, ISM .$i 1,:1I7 'Jfi Net prolils ol ihe )ear, after deducting expenses of iiiaii,ii;<'iiieiil, leservalion lor inti'resl accrued mi deposits, exchaili^e, and also iiiakint; ample pmv i>ioiis lor I Mil and douljlhil dcliK $"j:!7,!l'.il 70 ! roin which has lieeii paid : r.yth Dividend, at I per cent., Isl .April, IS.S.-i $HO,000 Oil liOlh •' 4 " Isl Octoher, 188". 80,000 00 100,000 00 77,!t21 70 I.cavinj; a surplus of $!I2,'271 ITi l''roin which (a'lluct anioiinl lriiisferrettA>dMwb«l> .i.J,t^T T' T ^•^'^'-f-'^""^"^'^". hcforc moving the adoption of the report just read, I shall merely tae that I trust a w.ll meet your approval and he considered entirely satisfa tory It does not prom e ulV . M J;^st.fied .n saymg our stockholders can depend on the customary dividend of 8 per cent wuh a probable further add.fon to our rest, hut to what extent it is impossible at present to antic .!ate have pl.^. ,re m stafng that the favorable results of the past year's business are muinl to be attril ted o th good judgment and prudent managen,ent of the officers of the Bank at its various agencies, as well as at e head oftce n, Montrea To our general Manager, Mr. Thomas, we are much indebt d for it vk 1 supervMon and sound adv.ce on all matters submitted to the Hoard. Your directors have also devotee m"l me and careful thought to the interest of the Bank, as sho.vn by the statements now subn.itted I ockholder w.shes to ohtau. further inforn,ation, the General Manager will be pleased to give it. I have now the pleasure of movmg che adoption of the report. Mk. Molson, vice-president of the Ix.nk, seconded the motion for the adoption of the report, which was put to the meeting and unanimously carried. ' Mr. Archiu..\ld moved, and Mr. J. T. Mol.son seconded : That the thanks of the shareholders are due and are hereby tendere.l to the president, vice-president and directors, for their attention to the interests of the bank during the year. The motion was carried with acclamation. r 1 '^''^' I;"-"*"-^'^' *" ^';'""''"fi 'h'-^^ks, said :-(lcnllemen, on my own beh.alf and on behalf of the directors beg to t ank you very sincerely for this resolution. I have been absent for some months, and conse,uently' I have not been able to devote so much time and attention to th. interests of the bank as I usually do but I have now returned m good health and spirits, and in the coming year I intend to devote my energy and best efforts to further the interests of the Molsons Bank. (Hear, hear.) I should say that in n,y absence my duties were wel and al-ly discharged by the vice-president, Mr. Molson. I may refer to the visit.s of inspection made at east once a year and sometimes more frec,uently by the general manager and myself, or some of the directors, to the gencies in Uestern Canada. I think those visits are very useful and necessary, and the results ar very valuable. It is always best that the administrators of an institution of this kind should become ac.uainte.l with the customers of the bank, and ,i,ose visits afford us the opportunity of doing so. U'e do not enter a minutely as our inspector docs into details, but we can get useful information as to the state of tra.le in iHeaThear).'" " ''"'""" "^ '""""''" ^ ''"'' "''' '^'' ^''""''" "'" ^''"^^>'^ ''"y -" "'^ ^^-'''^'^'■ The election was then proceeded with and the following report was made :- To the General Mana^^cr of The Molsom Bank . r. u^'.l'"?'''' I''" ""^"■'''-'"-^''' •^'^''"» '-'^ ^"^ineers at the annual meeting of the sharehol.lers of the Molsons Bank, this day, beg to report tiie following gentlemen re-elected to act as directors for the ensuing year :- THOMAS WORKMAN, J. H. R. MOLSON, R. W. SHHIMIKRI), MII.K.S WILLIAMS, SIR 1). L. .MACi'HERSON, S. H. KWINC, A. V. O.MII/I'. H. ARCHIBALD, DAVID RAK, The meeting then adjourned. Scrutineers. A meeting of the board of directors was held immediately afterwards, when Mr. Thomas Workman was re-clecte.1 president, and Mr. j. 11. R. Molson, vi.e president, for the ensuing year. ^i'^ II .■■] GENERAL STATEMENT ()/ the .IJfairs of The Mo/sons Bank on the joth September, iSS^. Capital aulhori/ed. Capital sul)scril)ed. $:',000,000 . 2,0OU,000 I.IAIIIMTIEN. Capital jjaid up Notes in Circulation . $2,000,000 00 1,SK,-Jl(i 00 Dominioi) (lovcrnnicnt Dcjjosits, payable on demand CO.Or)! •1\ Dcpositii held as security for the execiuioti of Dominion (lovernmcnl Contracts and for Insurance Companies Provincial Government Deposits payable on demand Other Deposits i)ayable on demand " after notice Due to other Hanks in Canada ' HJ^ijo 40 " other liranches Agents in United Kingdom " Foreign Agents Profit and Loss 17 ''71 ii'j Rest '.. !^'!.^ '''!''' '^ ' Sixtieth Dividend Dividends unclaimed •J 7, 100 00 3,;{!il 50 3,090,1 Oi) 02 2,201,C.{(> 59 1:51,915 9;5 14,517 75 Interest, Exchange, &c., reserved j^o r.75,000 00 b0,00U 00 4,3:51 00 ,i,/oii~]i)?,. JKl'l'KRV, ^h■afonl~\'. I'UM.KK, .Voiilical-] A.M K.S KLLK ) T, Monislmri^—'L. \V. IIOWAKI), A'w-O'/r/;— T. R I'llErOi;, BRANCHES. iiiagi'i. .\h! (.'Jt/t;/ S,miii/—l.. ]■:. TATi: KU^rlMvii—], .\I( M.MIoN, "" SmilPs l-alh-V. A. IJKTIU'M;, " .s'.)/,/-ii. i.ocKwooi), .sy. Jlya.iiit/,,:, /'. (,) -C. ( RKI'.ASSA, .M.iii.i-cr. .SV. V/ioiiuii-^V. \\. CM.XCII, 'loronlo^V. A. I'll'ON, Aclinn " /■;,7//,;;/-ll. |i. WILSON. Aclinj; iWiuiioo, oiii. -]. iii-:M'i:i,i;k, H'Mihlock, i)nL-—C M. MiCL'.VKI, " AGENTS. Qi,c/,c,-^\.\ han(,)i;k 1)1- I'Kri'i.i'; ;uui k.v.stkrn town-siiii-s uwk (;«Aj;w- DOMINION' |!ANK. New Jiiiiiis7uii/:-\;.\\K OK NKU liRUXSWU'K. No7;t .S,w/,j-HAI,I|-AX IiANKIN(; COMI'.\NV. /';/„„■ E.lwan/ /shwU^-\\\KK OK No\A .SCOTIA, Ciiaki on kt,,\vn X- Si\,\iik,m.i AVw/«»W/,»;,/-COMM1:KCIAL liAN'K (JK MAVI'OUiNDl.AM), .St. I.min-. /A^ EUROPE. /.,W„/,-ALLIANCK liAXK, "I.imiik,,." m,,,,,.. (MANN, MILLS, (Ikkll, .v Co. Mi-.^^Nk^. Mokl'ON, kOSK \ Co. /.;rvr/,W- Till'; NATIONAL IJANK OL Ll\Kkl'OOL. .111/20,//', />',/-/»///— L.\ Ii.VN(^)CI'; iiANNKkS. IN UNITED STATES. New >-./-^-Ml.;CIIAMC.S' NWTION.VL HANK. A//«/- MKCIIANK S' l;.\NK. VV. WAT.S()\ \ A. I.ANC, .\,;i...ms /'''#"'<^-Tlilkl) NATIoN.M. I! \NK Bank o|. M.,NTKi,.M. .l///«w„Av-\VISCo.NSIN .MAkINK .\NI) llkl- Mic.sKs MOkTOX, BLISS ^ CO. INSL;kANCK Co. |!\NK TT'^^'^'^t '''''''"''■"' "•'^"- ^'^""- •'^-'— I'lKST N.VTIONAI. li.XNK /,«.W-CA.SCO N.VTIONAL HANK. /,„//., ../„„/„«.- FIRST NATIoN.M. l! \NK C/»,„.,-|.IR.ST N.VTIONAL HANK. /;,/..,/.-SKCON|. N.VTIoN.M. lUNK CV,7v/,;;„/-C(JM.\IKRCI.\L NATION.M. li.WK. COLLKCTIOXS MAUL IX ALL PARTS Ol- TlIK DOMINION, AXl) RLTfRXS I'kO.MITLV RL.MITTKI. AT LOWLSr RATLS OL KXCllAXIiL. Ll'TTDkS (JF CRliDIT ISSLEU, AVAlL.VliLL IX ALL P.VRTS (Ji- TIIL U(JRLD. 97 "f!f??!B" THE MOLSONS BANK. PROCEEDINGS OF THE 1^ 11 5 1 Ciiiilji-flrsl ^timial lateral ^^(liiii\ • OF Titr; ■ STOCKHOLDERS OF THE MOLSONS BANK, //i/// at t/icir Bail king House in Montreal, Monday, nth October, iSS6. The Annual C.cncral Mcctinf; of this Hank was held at its jinnkinp; House, in Montreal, on Monday, 11th October, lH>Sfi. The President, Mk. Thomas Woukman, having taken the Chair, the (Icneral Manager read the following Report : — (iKNTl.l-.MKN,— The (lidiniKy oxiicrionrcd in fimlinj; siifc iiml roniuiiprativc oinployinciit for the funds of the I?,uik, rcfoncd to at our lust, ineclinfr, lias in a f,ricat nieasinc! passed away, and we have aecordiiiffly hcen oiiahlod, whilst distiibutirif,' nur usual dividend of H |ki- rent, per annuin, to add $12r),(l()0 to om- Rest, and to carry forward the Sinn of $'22,(103.77 at the nredit of ridllt and Los.»-as a>.'aiiisf $17, '27 1.!)') hronfiht forward from the previous year. Oin Hest now nmonnts to $8(1(1,(1(10, or K) per cent, of ourcapital, and from this substantial progress, and from the im|iroved business prospects, we may irasonably hope for the attainment of a Host of $),()()0,(WI(i, or W) per cent, on the capital, within a few years. |)urinirectors hope the results of this ye.ir's business will be fnirly remunerative. The (leneral M.iiiaf;er and 1 iiitcud visiting oui- several aj^oiicies in Ontaiio this month. These periodical visits atlord us an opportunity of seeing the customers of the Hank, the Ollicers conductinj; its business, and the {'ondition of the several localities visited. We llnd the.so visits amply repay us for the time and laboi' bestowed upon them. I now beg to move the adoption of the repoit. Mil. •(. II. K. Moi.siiN, Vice- I'resident, seconded tlie motion. After somn remarks from Mu. .Ions Ck.vwfokd, congratulatiiig tlio Hhareliolilors upon the most satisfaet^iry rc|M)rt, the motion was unanimously adopted. Mit. (Jkawkouii — Mr. ['resident, I will ask the indulgoneo of the shareholders for a niomont to move : 'I'li.'it il lie a su;;;;t'siii,ii to ilii- iiiciMiiin^ iliiudors lo or^.'ini/i- forthwilli a '^<:licinc to providi^ a iionsicm or rulirini; fiinil foi the olTn'crs .'mil einpluyet's of this li.itik, somewhat on the lines of that alre.nly rrealed liy the It.ink of Montreal, .mil that an .ippropriation of not K-s... ih.m $ri,tl(IO a >ear foi the ne.\l twenty years he leservetl for that purpose out of the annual prolits of this I'arik. It is (piito apparent that the interests of the shiucholders and tmi ollicers are mutuiil, .'111(1, although wo have engaged the hands and brains of our ollicers, I want to go a step further, and sectiro their hearts id.so ; not that it is at all recpiired, but I want to show tlitit wo appretaate zeal and interest on the part of tho.se who help tii pluce us in so favor able a position as we are tod.iy. I do not wish to wait until we are forced to do it from necessity. Our interests aic mutual, and I would prefer, if I were ,i director myself lather tluin go back to the alternative of sitting in judgnu'iit \i|H)ii every ease of an employi'c who is distpialitied, from incap.icity, old age, sickness or inliimity a regular selieme by which eaeli ollicer would know what he would havt! to look forward to, by which he would know thai the energies he h.id . .MIl.l'.S Wll.lIWlS, SIR 1). I,. M.\{ I'lll'.KSON. s. 11. l.WlNi;. .\ V . i;.\ii 1. ii.w 111 \<\\ .MoMHI-Al.. Illh (>.l,.l,.'r. |s.sli. ons l;.,fL llii- .!.i\ , III- t'l n )ioH ih, It AUt llll'.M h. I /■ i;< ;■; The meeting then adjourned. A meeting of the Hoard of Diicetors was held iinmedi.ilely Mflei'«.'iiils. when .Mr. Thomas Wotkman was re elceleil I'resident, and .Mr. .1. H. H. Molson Xieel'ti'sideiit. foi the ensuing year 90 GENERAL STATEMENT Of llic Affairs of The Mohons Pmnk on the 30th September, 1SS6. w ( 'ai.ilal autl.uri/ed $-',()UU,OUO (•apital subscnl.cd 2,000,000 LIAl ".UNITIES. Capital |iaitl up Notes ill circiilalidii Duiniiiioii (iovcniiiiLiit iKposiis payable un demand Deposits held as security fur the execution of Dominion (lovernnient Con tracts and for Insurance Companies Provincial Ciovernmenl Deposits jayahle on demand Other I )eposits payable on demand " " after notice 1 )ue to other Hanks in Canada " other liranches " Agents in United Kingdom " I'oreign Agents rrollt and I-oss Rest ' .' . .. Sixty-secou' 1 )iviilend I )ividend' jnclaimed Interest, Exchange, (\:c., reserved $li,000,000 00 i,'ju;,:{;{5 00 r)(!,(;o5 72 27,100 00 l,7r)2 00 ;{,2;}4,i5s 12 2,302,312 42 10J,,S22 20 47,!i83 29 'J3,(J35 04 iy,<)r)0 Gl 22,()03 77 NOO.OOO 00 f<0,000 00 701 00 107,118 08 -$10,'J0r),1.10 28 A.^StSb:TS. ^I"-"^''-' $415,373 'JO 1 )oininiou Wotes C23,7G1I 00 Notes and Checks of other lianks balances due from other lianks in Canada " " " Branches " " 1 )(jminion (jovermnent " " Agents in United Kingdom " " Foreign Agents Loans and bills discounted on lionds, Debenlmes, \-c Provincial, llritish or i'oreign, or Colonial Public iiecurities, other than Canadian Loans to Munici[ial Co'iiorntio!;-j " other • " othc : \h Dills discoun: ■. , ..irrv . $1,039,142 'JO 381,544 51 (i3,101 35 n.r' .1.. " • ,,1 ; ;■ It secured. . Real Lslate, other than bank premises Mortgages on Real Lslate sold by the bank . Hank premises at Head Ot'lice and I'.ranches. Other Assets 2,315 40 51,315 11 03,1'J4 25 137,358 00 1(J0,000 00 'J'J,241 10 1,013,831 34 5,000 00 7,530,050 05 'J7,773 O'J 2'J,373 O'J 51,050 08 8,4'J'J 53 1 'JO, 000 00 3,312 02 -$10,'JOD,440 28 100 000 ,000 SMITH'S FALLS, ONT. J -'8 SOREL, QUE. 28 w m ilj THE MOLSONS BANK. mCORPORATED BY ACT OF PARLIAMEMT, 1866. _ .^^^ ,. MF.AI) OFFICIv-MONTREAL. raid'up Cnpilal, $.>,()00,0()0. Rest Fund, ASr^7/)00. - — -• •«•» •- — - BOARD OF DIRECTORS. K. W. SIIKI'IIKKI). S. II. KWINd. TIIO.S. WOKKMAN, /V,v/,/,//a J. II. K. MOL.SON, \-u,-l',,H,i,„i. -SiK I). I,. .MACniKk.soN, (;,c.M.(;. A. !■. CAll.r. AI.i;.\. W. .MOKKIS. F. WOLl'KKSTAN THOMAS, Unicral .I/,;;,,,,.,/-. Aylmer, Ont.-\\. II. DKAI'KK, Manaj^tr. Brochuille -I'. VV, D. nuoDKKK, Clinton -W. V. MkHUKK, £xctcr-.\. A. C. 1)K,\()\ AN, Hamilton \\. A. AMIiKIIX II,, Aitii.t' ' London- }.\. IIKAToN, Meaford-V. VVIA.KK, Montreal— ] AWES KLMOT, Mom'sburg-l.. W. lloWAUl), •■ Norwich— T. If. I'lli;i'(;i;, BRANCHES. Owen Sound -I.. !•:. IWTi:, Ridyetown - J . M r M A 1 1( ) \ , Smith's Falls -\\ A. Iii:Tlli:.\i:, 5o/e/ -II. LOCK Woo I), St.Hyncinthe, P.Q.—i\. CUKIiASSA, St. Thomas -C. \V. CLINCH, Toronto -('. A. I'll'ON, Trenton- II. li. WIL.SON, Waterloo. Ont.-}. IIKSI'KMIK, Woodstocli, Ont.-C. M. MrCll.Mc,, M a«ur. AGENTS. Quebec-l..\ HA\(.)i:K DU I'Kn'l.i; a..,l KA-SIKkN TOWNSIIII'S l!\NK Onfnno-noMINION HANK and liUANCI IK.S. New Brunswick -UA^K o|. NKW HKl'N.'^U ICK. Noua Scotia-l\.\].l\A\ UANKINC COMPAW. Prince Edward Island -H.WK OK NoVA .SCOTIA, Ciiaki ,.i i icmu s am, Sr mm,, kmi.i. /Ve((//oi//)i, (loiiuial Mana^'ui, llii'ii luad thi' .Viuiiial Kiiioit of tlio l>iif(l()i>, wliiuli wa.s a.'* f(ilU)W.< : < Iknti.kmkn hiiiiii^iiMi- past lliiaiicial yuai a iiKiiluratt; and steady drm.'ind fni' monfy lia.-* |iiev.idud, and wi; liavc i\|>uiiunc'wl nil dilliriilly in kccpinj; llio funds (if the liaiik in iisu at the (MiiienI lalcH. TIiiiiih;1i tlie.^e wi-ie Sdinewlial Inw, uiir j,'r(i.s>i eaininj;s have lioeii ."liylitly in excess (if liaise uf the preceding year. A cdiisideialile sum has liecii re((niied to meet uno.\pected dulielunciuH aiisiiij.' frnni (he liipiidatinii uf .some lingo iiceoiiiit.s in addilidn tii the (jidinaiy apt)io|iriations for " had and duulilful delits " whicli seem inevitahle in the di.schaiyu nf a laiye volume of husiucss. Hence your Directois have heen olili;,^.(l (o ho salislii^d with the moderate increase to the Kcst of JJTri.ddd, making; it eipial tii 4.'t,' per cent, upon the paid up capital of th(; Hank. The husiucss of the liank is act ive, healthy and well distiihiiled, so l-hat, whilst depression in any liranch of trade cannot, fail t(i he injuiioiis, only j;enelal and widespieail disasliT woidd he likely to allect .seriously its earning' power. Since the resit^imtion of our Mana;.'i;i at hondon in .May last, the position has heen tem|ior,'U'ily lilled hy the Inspector, Mr. Ile.iton, who has heen conlirmed in the manaL'elneiit. He is ,'it present en<;aged ill the inspection of tlio Montreal hiaiich. All the other hranclies of the Hank have heen inspected oneo or oftuner. U'e a;.^ain refer with pleasure to the ellieieiicy, zeal and c\emplary conduct of the ollicers of the liank. TKOMAS WORKMAN, J'tiUl/cllt. PROFIT AND LOSS ACCOUNT. U.-dance at I'rolil and l.o.ss. on :t(llh Scptcmher, ISSti Net piiitits of the year, after dcilnctiicj expenses ol iii.inaj;emeiit, re.servati(iii for interest aeeriied on deposits, exchanjre, and also makiiij^ ample provisions for had and doiihtfid dehts si.'l7,4:i(l -J.'i Krom which has heen paid : (ilhd hividend, at I per cenl., 1st Apiil, ISST tilth l)i\ideiiil, ill Ipercciil., 1st Ortolicr, IssT ."ti-.'-j.titi:! ;■; $S(l,(lilll (Id Sd.ddd nil IIKi.ddd (Id Leaving' a surplus of rom whicli i leducl amount transferred to Kest Account. .■>7,43d 2."i .$S(l,t(!M 02 Leavini; at credit of I'rolit and Loss :!Uth September, 1SN7. ■.">,(K)0 OU .$fi,di)4 02 102 Tlir. I'KKsii.KNT «fti(l : (ioiitloinoi.. vou linvo l.onrd tJiin report nn.' (o «|icak the Fronidont duclared tlic motion carnud. yiv. John Cr.vwkohi. tlion moved tho followinj; resolution " Tlmt the thank.- of the HlmielioldeiH are duo and are hereby tondeiod to tho riwident, \ icoI'reHideiit and Direptorn, for iheir alleiilion to the intele.^l.- of the Hank iliirini; tho your. '^ Mr. \V. J. WiTllAl.i,, in xocoiidiin,' the motion, sai.l ; I Imvo vory ^roat ploar-ure, Mr. I'lohideiit, m woondiiiL' thin resolution. « - i t- Tlio scrutinocrH liuiidu!>, 17 1 if),:»r.2 r.,()!)j H7.>,000 80,000 2,ll,s 111,571 00 00 IH 00 :»7 ■ir. la 'J4 17 Ii) 02 00 00 (iO 81 -$ii,7;ii,82J \y\ ASSETS. Specie $4n,ll8 82 I)(miini()n Notes 13;!,0I0 75 Notes and (lliccks of other ii.inks Halance due from other I'aiiks in Canada " lir.inches " " Dominion Ciovernment " " Aj;ents in United Kingdom " " I'oreign Agents Loans and Hills discounted on I'onds, Dehentures, \:c i'rovincial, liiiiish or foreign, or Colonial I'uhlic Securities, other than ( ,'anadian Dominion Cioveinmcnt Dehentures Loans to MuMH ipal Corporations other " " other Hanks Bills discounted and current " " jiast due, secured " " " and not secured Real Instate, other than liank premises Mortgages on Real I'.state sold h) the l!ank Hank ])remises at Head ( Jllice and Hranches Other Assets *S7l,ir)!t r)7 :il2,32!» 71 1)3,0 »!) 10 1,012 or. 2V,^'.')r» 47 '17,172 78 i2'',,8M 00 lOO.OOO DO ri3,2ri(i 37 18,301 t')."> 883,648 r)(i r),ooo 00 8,720,127 41 1 1 2,937 Of) (il.lOi) 78 43,890 3.-) 7,9 If) 99 190,000 00 443 r)9 —$11,731,824 4(J 10» THE MOLSONS BANK. INCORPORA TED BY ACT OF PARLIAMENT. 1855. HEAD OFFICE, - - MONTREAL. Paid-up Capital. $2,000,000. Rest Fund, $1,003,000. K. \V. SIIM'IIIUI). S II IWINd. SOABD or DiaZOTOBS. Illii\|.\s WOKkMAN. r,,.„t,„t. I II u. Moi,s()\, \i.,-r,..„i.i„. I SiK I). I. MACI'IIKkSUN, (,.( , M (;. I A. U. MDKKIS, W. \l. UAMSAN. !■ Wdl.hlkSTAN Till. MAS, (/,/„,„/ .l/„„„v,,. BRANCHES. \v,Mi.-,K, ONT.^ II A. a\ii:kii.(;i:, .I/,,,,,,,,,,. knH.,,„uN |, \i, m\ii,,v ,/,„,,,, ( IINTON-II, ( . DklAVKK, KXKIKK-A. A. ( . l)i:\()\A\, IIamii i<>\-C. \V. CMNc II, l.\-M, lllvVToN, ." MivMokii I'. ! II.I.KK, MoMkKAi. lAMKS KI.l.lol , Mi)KKlMiiki;-I,. \\. IIOWAKH, NoRwii II - r, li. i'iii;i'()i:, Owi-.N SiMMi — I,, i;, TATi:. " S. KKI, |'.(^)._||. l,(l( KWdOD, St. IIvm,\> -W. II. I)U.\l'i:i<, ToKDNio -C. A. ril'O.V, ti ■|'ui;miin--||. li. WILSON, •■ Waikkkk.. (iM.- I. iii:sn:i.i-.k, •• VV'ksi TiikciN III Jim iin\,()M. , n VVoDiisTui K, ()M. (. M. MiCl.AKi, '■ AGENTS. <.'ri.lii:. -I.A l!A\(.)rK Dl' I'Kri'l.i; ami KASTKKX T( )\V\SI 1 1 |S |1\M< OMAKii. -DOMINION HANK :m.l IMI'KklAI. liANK OK CANADA, and I'lkWCIIlS Ni.\v Hkin^uhk - l!.\NI< oh Ni:\V liklNSUKK. NnVA SrnllA— II.M.II'.W |1ANKIN(; COMj'ANN. I'KlMi.; i;i,WAKi. Isi.AMi-liANK OK No\A SCoTIA, ( ■,nKM.M kimua ,.,ul s, mmiumih. Hkiti-,11 (i.i.iMiiiA ami San |-kan-,i im o HANK OK KklllSII (Ol l\||;lA NiAviuiM.iAM.-CO.MMKkCI.M. HANK OK NKWKol NDl. \NI ) Si |,,i,.s. IN EUROPE. |.,,M„,s_AI.I,IANCK liANK, "l.iMiii.i," Mk-sk,. (,|AN, Mil,;, .Mi>sus. MokioN, kosi: ,\ Co. l.ivKnrn(,i.-iiii-: i;.\NK OK l.l\ i:kl'oo|,. I'AKi^ -^CkllDKl l.\ ( )NNAIS. .\MUI.I;l>, lli.ii;|iM_|,.\ |',ANl,>n-; (l'.\N\ i:ks s, ( I kkii. \ ( (). IN UNITED STATES. M.U ^-^-^^^^^^ 'y'';'^'' '?'"• n-k,.,,_cOMMKk<-.A., NAT.ONAI. HANK. W. \\.\rsoN .V A. I.ANC, .;,.,«/,.■,) r.riiAi.n-l!ANK OK kCKKAlo Hank oi .Mivn i kkal. / Muwaikki. -WISCONSIN M\klNK ani. KIkl MiCssKs. .MOkTON, lil.l.SS \ CO. A1.\K|.M. ANI. I Ikl lidsTON— .MKkCIIAN IS' NA'l'K >NAI, HANK. I'oRTi.AND-CASCo NAl'IONAL HANK. CiiK Ai;o-KlkST NATIONAL HANK. Ci.KVKiAM.-COMMKKCIAL ;\A IK )NAL RANK. INSCkANCK; ( (). liANK. 'roiKho-SKCoND NATIONAL HANK. llKi.l:.NA, .\loMA.\A-llkSl NATIONAL HANK. '"'■'"■' " — KlkST NATIONAL HANK I'ORT Hrnton, " -KIkST NATIONAL HANK COLLLCTIONs MADL IN ALL I'AkTS OK TIIK DOMINION, AND kKTCkNS PkoMLTI V kLMirTLD AT LoWKSK k.\li:s OK i:\( II.VNCi:. LLTTLkS OK CKKDIT ISSCLD, AVAILAliLK IN ALL I'AkTS OK TIIK WOkl D 105 w THE MOLSONS BANK. Mil PROCEEDINGS OF THE ||)ir{j{4l^irsJ ItMHiwl general OF Hit: STOCKHOLDERS OF THE MOLSONS BANK. //c/(/ at their hankiug House in Montreal, Monday, Sth October, iSSS. 'Vhc Annual Meeting of the Shareliolders of the Molsons 15aiik was held at the banking House, St. James Street, on Monday, fSih October, 188iS. The President, Mr. Thomrs Workman, occupied the Chair, and among those present were Sir David L. Macpherson, Messrs. S. H. Ewing, John H. R. Molson, .Vlex. W. Morris, R. W. Shepherd, Henry Hogan, E. J. ISarbeau, \V. M. Ramsay, John Crawford, I). McCarthy (Sorel), W. J. Withall, M. Cuvillier, J. 'I'ry- Davies, J. '1'. Molson, Samuel E. Molson, \V. M. Macpherson and Henry Archbald. The President having declared the meeting opened, asked Mr. James Elliot, Manager of the Montreal Branch, to act as Secretary, and .Messrs. J. T. Molson and J. Try-I)avies to act as scrutineers. THE ANNUAL REl'ORT. The Ceneral Manager, Mr. F. Wolferstan Thomas, then read the .Annual Report, which was as follows: Ckn*! i,i:mi:n :— Our past financial year has witnessed a somewhat spasmodic demand for money. In its early part rates ruled high, succeeded by a sharp decline, which continued to the beginning of last nionth, when a reaction set in, and we are disposeil to think there will ... an active eiujuiry for money throughout the winter. W'e have followed the market more or less closely, aiul on the whole have been enabled to keep our funds well employed at fairly remunerative rates. The resulis of the twelve months operations sufficiently establish th's fact, as after making a liberal provision for bad and doubtful debts, we have added $125,000 to the Rest accoiuit and carried forward $llJ,.'5'jr)."J(l to credit of profit and loss account. The net earnings of the Bank have been slightly in excess of llj per cent, on the capital. We are assured you will share the satisfaction we enjoy in announcing to you that we have at length leached the goal, which we consider all prudent bank management should aim ai, in the creation of a reserve of TjO per cent, of our capital, our Rest account being ncjw $1,000,000. \Vhile we regard the Hank's luesenl ])osiiion with not unjustifiable pride, we shall not slacken the vigilance and ])ersistent fforts which have achieved such success, our aim being to strengthen and conserve 'lie extended and diversified interests of the Ha: ■ At the beginning of our fmancKil year a new Manager was aii[)ointed to the London branch. 'I'his is regarded as tantamount to an insi)ection. ^Vitl1 that ex(e|)lion all branches of the Hank, including tb" Montreal office, have been insjiected. Hy the resignation ol .\lr. A. !•". Gault, whose business recjuired more of his personal attention, the Hank lost an able and energetic director, one who evinced much interest and zeal in extending the Hank's relations. A vacancy has been createil in the directorate which we thought it advisable to defer filling until the annual muetmg. Though reluctant to add to the number of our branches, we have deemed it expedient to secure jjremises at West Toronto Junction, a suburb of that city, about si< miles from its centre. The locality is rapidly growing and bids fair at an early date to become the seal uf many and important industries. \Ve do not anticipate large results from the first year's business, but believe the branch will eventually be a paying one. We are pleased to testify to the general efficiency and good conduct of our o!"ficers. THOMAS WORKMAN, President. "Mill IDli PROFIT AND LOSS ACCOUNT. IJalancc at credit of Profit and Loss Account, on ;}Oth Seplcmber, 1887 ij r),094 02 Net profits of the year, after deducting expenses of management, reservation for interest accrued on deposits, exchange, and also making ample provisions for bad and doubtful debts ^.i;)^ 301 .)^ From which has been i)aid : GSth Dividend, at f per cent., 1st .Apiil, 1888 .f 80,000 00 CiGth Dividend, at 4 per cent., 1st October, 1888 80,000 00 1(10,000 00 132,301 24 Leaving a surplus of 4jj.jy ^i)-, ofi From which deduct amount transferred to Rest Account 12.") 000 00 Leaving at credit of Profit and Loss, on September 2!)tli, 1888 ,$ 12 3anks r.alances due from other Hanks in Canada " " " Hranches " " Dominion Ciovernmenl " " Agents in the United Kingdom " " l'"oroign Agents l.onns and Hills discdunlod on lioiids, Debenlures, \-c 100,002 I'rovincial, I'.ritish or I'oreign, o, Cnlc.nial Public Securities, other ilian Cana dian 100,000 l>ominion Covcrnment Debentuies 101,375 Loans to Municipal Corporations S',t^-j35 other " 803,057 other I'.anks 10,000 Hills (liscouiited and current 8,900,5-9 " " past due, secured 1 10,472 " " " and not secured 20, 183 Real Instate, other than Hank |)remisos ,")5,790 Mortgages on Real Instate sold by the Hank. 0,002 Hank premises at Head Oftice and I'.ranches . . . , 190,000 Other Assets 4 002 83 72 91 70 00 42 00 00 00 00 3(» 41 00 85 95 21 03 70 00 59 -$11,974,781 31 108 -" ■^ ^ ._...,->i:l'n^ i* 1 k^^^^K^S 1 '"^^ ii »^aiU;.jJi y -7^ ^-sMfiisdsjw^- ST. THOMAS. ONT. TORONTO, ONT. p 'it '' ;,1 MOLSONS BANK. INCORPORATED BY ACT OF PARLIAMENT, 1855. HIiAD OFFICE— MONTREAL. Paid-up CapUaL, •$2, 000, 000. Rest Fiuid, (, 07o, 000. BOARD OF DIRECTORS. .JOHN H. K. MOLSON, I'uKsrDKNT. H. W. SHEl'HEKU, Vice I'kksiuknt. Siii |>. I,. MACIMIIOHSON', K.C.M.G. | A. \V. MOKKIH. I HENIiV AKCllliAIJ). S. II K\VlN(i, W. M. RAM.SAV. K. \V()l,l''IOHSTAN THOMAS, (iKNKKAi. Man \.m:k. A. I). DUIiNFOlU), iNsiwioK. BRANCHES. Avr.MKK, HuiPCKVM.I.h Ci.i.N'niN, EXKTKU, Hamilton, London, Mkakokii, MoNTKKAI., MoHI(ISIllK( NoKWICII, OWKN .SolNl Ont. II. A. AMHIilDCE, , Ont. A. 15. HliODKK'K, Ont. If. C. HHEWEK, Ont. H. II. AKCIIEK, Ont.— C. \V. CLINCH, Ont. r. W. 1). HHODKICK, Ont.- 1'. FUbLEK, I'. Q.-.IAMES ELLIOT, , Ont. — L. \V. HOWAKI), Ont.-T. B. I'HEI'OE, >, Ont.-L. E. TATE, AflllKli in: HriM.i/n.wN, Ont. .1. Mc.MAHON, .]/. Smith's Kai.i.>, Ont. K. A. Hi:TlllINE, SoKKi,, I'. (,>, -II. LOCKWOOI), .St. IIva.intiik, I'. Q. (i. CKEHASSA, tnnitfi r. St. Thomas, Ont. ~\V. If. DKAI'EK, TciUllNTO, Ont. — C. A. 1-iroN, Tkkntiin, Ont. -H. H. WILSON, W.VTKKI , Ont. .7. IIESl'ELEH, VVksT ToUONTd .Ji;n -COM.MERCIAL NATMNAL BANK INSURANCE CO. BANK. Toi.KMo— SECOND NATH)NAL HANK. Hki.dna, .Montana -FIRST NATIONAL HANK. Hi TTK, " - FIRST NATIONAL HANK. FoKT Bknton, '■ —FIRST NATIONAL HANK. San Fhan. ISC, .BANK OF BRITISH COLUMBIA. COLLECTIONS MAHE IN ALL PARTS OF THE DO.MINIOX, AND RETURNS PROMPTLV REMITTED AT LOWEST KATES OF E.KCHANCE. LETTERS OF CREDIT ISSUED, AVAILABLE IN ALL PARTS OF THE WORLD. lOlt m^ MOLSONS BANK. PROCKEDINGS AT THE ^Itirta^fjcruvtTi ^nmvitl (!5enet%tt IjKletting (IF line SIIARF.HOLDKRS OF THE MOLSONS HANK, J/c/(il (Xt I heir ]> an kino; Ifoiisc in Afon/rca/, ATonday, 141 li October, /SS(;. The Annual Meeting of the Shareholders of Uv f^ns Hank was held at the I'anking House, St. J.amcs Street, at 3 o'clock, Monday, 1 1th October, l^SO. The Vice-President, Mr. John H. R. Molson, occupied the chair. Among those present were Sir 1). L. Mac[)herson, Messrs. S. H. lowing, R. \V. Shi-ph'-rd A. \V. Morris, W. M. Ramsay, J. T. Molson, E. J. Harheau, John Crawford, J. Try-Davie.s, W. J. Wi'.'all, V. *t. ^... ^.>..erson (Quebec), I). J. McCarthy (Sorel), Henry Archbald, W. R. Miller, A. C. Clark and Henry llogan. The Chairman, having called the meeting to order, asked Mr. James Elliott, Manager of the Montreal I'.ranch, to act as Secretary, and Messrs. J. Try Davies and \V. M. Macpherson to act as Scrutineers. THE ANNUAL REPORT. The Chairman then called upon the (leneral Manager, Mr. F. Wolferstan Thomas, to read the Annual Report, which was as follows : — (iKNTi.KMF.N, — Though the net [irofits of the past twelve months arc less than those of the preceding year, which has been chiefly occasioned by a general reduction of the discount rate at all of the ISranches of the Pank we believe you will not be disappointed at a net earning of $273,. 101. 3!), which is equivalent to something more than 13 11-10 ]ior cent. ui)on the capital of the Rank. All of the Branches of the Hank have been inspected in the course of the past yeai. The Shareholders will probably remember that at the last annual meeting our late lamented President intimated the intention of the Hoard, if re-elected, of awarding a liberal gratuity to their officers, in recognition of their past services, and as an incentive to future exertions, should the result of the future year justify such expenditure. Their antici[)ations have been fairly realized, and, as you have seen above, a gratuity of $'J3,()00 has been distributed amongst them. Your Directors are of the opinion that you will cordially endorse their action. 'I'hree days only have jiassed since many of us here present followed to the grave the body of our late President, Mr. Thomas Workman. We are sure you will join in an expression of heartfelt regret at the loss sustained, not only by us, but by his numerous friends, by the city of Montreal, where he lived for more than sixty years, and by the Dominion at large, in whose Parliament he served- for several sessions. T'or thirty two years he was a Director of this bank, four as Vice-President ami the last ten as I'resideiU. Without question it may be claimed for him that he possessed in an eminent degree many of the finalities constituting a valuable Director, notably, probity, manliness, tenacity of purpose, quick jierception, a remarkable memory and sound common sense, combined with long and varied business experience. He died at the rii)e age of seventy six, closing an honorable, successful and useful career. JOHN H. R. MOLSON, Vice-J'residefil. ,10 PROFIT AND LOSS AOOOUNT. lialancc at I'rofit and Loss, on 30th September, 18«8 ,^,2 .jg- o,-, Net profits of the year, afier deducting expenses of management, reservation for interest accrued on deposits, exchange, and making provision for liad and doulnful debts to-i'uw -in h rom which has been paid : (i7th Dividend, at 4 jjer cent., 1st April, 188!). . «fSO,000 OU 68ti) Dividend, at 4 per cent., ist October, 1K8'J.. 80,000 00 .fl 00,000 00 15onus of 1 per cent, to shareholders 20,000 00 S])ecial bonus to officers •»:'. 000 00 .f^O'S.OOO 00 70,;}0i ;)<) Leaving a surplus of "ITTTuTT^ iTom which deduct amount transferred to Rest Account 75 qqo qo Leaving at credit of Profit and Loss on 30th September, 188',) JtC'h; (;:> The Vice-President moved the adoption of the report. "^~~"~~~' Sir D. L. Macpherson seconded the motion. After some remarks the motion to adopt the report was carried unanimously. Mr^ John Crawkokd moved : That this mee.mg ,UOO,000 . 1,075,000 * "if « • IP LIABILITIES. Capital paid-ui) $2,000,000 Notes ill circulati(in 1 ,775, t'24 Domiiiiun (lovernincnl Deposits payable on demand 2!l,532 Deposits held as security for the execution of Dominion (lovernment Contracts and for Insurance Companies 13'.>, 100 Provincial Covernment Deposits payable on demand 17,4'J(> " after notice ... 1,010 (.)ther Deposits payable on demand 3,455,185 " after notice 3, 1 10,51H Due to other iianks in Canada 124,752 " Agents in United Kingdom 1 1,020 " Foreign Agents 7,545 I'rofit and I.oss 7,01)0 Rest 1,075,000 Of*th Dividend .SO.OOO Uonus of 1 per cent, to Shareholders 20,000 Dividends unclaimed 2,300 Interest, K.xcliaiige, (.\:c., reserved . . . . 1 12,947 00 00 ()!) 00 !>7 20 y3 38 12 CO 30 05 00 00 00 10 'J'J ASSETS. Specie §375,045 15 Dominion Notes 291,404 00 -$ 12,000, 4 !)0 99 Notes and Che(iues of other Hanks lialance due from other Hanks in Canada " " Hranches " " Dominion Ciovernment " " Agents in United Kingdom " " l''oreign .Agents Loans and Hills discounted on Honds, Debentures, iS:c Provincial, Hritish or Foreign, or (Colonial Public Sectjiities, other than Canadian . .- Dominion Covernmeiit Debentures Loans to Municipal Cor|)orations other " " other Hanks Hills discounted and current " " i)ast due, secured " " " and not securetl Real I'-slate. other than Hank premises Mortgages on Real Instate sold i)y the Hank Hank premise." at I lead OiVice and Hranches Other Assets oo(;,."»09 15 309,013 81 80,904 80 1 2,008 30 2,707 00 1,340 00 33,328 00 171,258 35 232,017 02 104,375 00 50,258 00 718,442 28 5,000 00 9,200,290 88 87,870 00 11,425 00 41,100 93 9,054 32 190,000 00 020 08 $12,000,490 99 112 m }0,000 ^'■),oou t; [>'.) THE MOLSONS BANK. INCORPORATED BY ACT OF PARLIAMENT, 1855 HEAD OFFICE. - ^ MONTREAL. Paid-up Capital. $2,000,000. " ~1 ^®«^ ^^°<^- $1-100,000. BOARD OF DIRECTORS. JOHN' H. H. MOI.SON, /',-,,/,/,»/. K. \V. SHK1'HEH1>, Vu;.rr.\.\\ Annual Ceneral Report of the Directors for the pa^t year, as under : — Cii'.NTi.EMiiN, — The Dueciors of The Molsons Hank beg to present to the Shareholders the thirty-fifth Annual Report for ihe year ending 'M)\\\ September, IS'.tO. The net earnings for the year, after making full provision for bad and doubtful debts, amount to $22!),Or)0.'IO. This has been distributed l:y two semi annual dividends of 4 per cent, and a bonus of 1 per cent., together SlKOjOOO, leaving .•?r.i,()">U 10 to he disposed of; S'Jo.OOO of which has been transferred to the Rest, increasing It to .■?1,10(),(IU0. Tlie balance, $24, 0."i(). 10, has been carried to Profit and Loss Account, whi. It will be observed that the profits of tlie year are not as large as those of the previous one. This was not unc.xpecteil after the two or three consecutive years of deficient crops and low jirices, and the increased rate of interest |)aid on dejiosits by this Hank, as by ,ill other Danks of the Dominion, while the keen com- petition for business prevented any increase in discount rates The Directors think that under the circumstances the result will be considered satisfactorj-. All the branches of the Hank have been inspected during the year. The Officers of the Hank have cuntinued to iierfonn their duties in a satisfactory manner, and enjoy the confidence of the Hoard. Hy the new Hanking Act the f barters of the various Hanks have been renewed for a further jicriod of ten years, they being re(}uired to redeem their notes in at least one place in each ])rovince ; this will prevent the notes of all Canadian Hanks from lalling below par in any part of the Dominion. JOHN H. R. MOLSON, r re si dent. \\\ I' m PROFIT AND LOSS ACCOUNT. Malance at I'loCii an.l Loss, on .iOili Soptcinhcr, 1S,S!» .. ^.,^^. ^..^ Net I'rofiis of the yc:u, aflor (icdiiciinj- expenses of nianaKcincnt, n.-scrvation lor intorusi aciued on dei- ats, cxdianae, and niakin- provision for l)ad and doiilitfiil (lel)ts . . J..,.,,, ,,.,, ,,, iMoni whicli has hccn paid : filhh Dividend, at I per cenl , Isl April, 181)0 . . #80,000 00 7'^'li " " " 1 st October, 18!)0. SU,000 00 ••? 100,000 00 I'.onus of 1 per cent, to Siijtreholders. . iiO,000 00 $I.S0,0()0 00 .$r.),o.'io 10 Leaving; a surplus of ' «)(i "17 O" I'roni which deduct amount iransferred to Kest Account 25 000 0(1 Leaving at cre-ultnecri. The mcetini; then ailjoiirned. A meeting of the ll,.ard of Directors was held immediately afterwards, when Mr lohn II R Molson was elected President, and Mr. K. W. Shepherd, Vice-President, for the ensuing year. ,; I,' GENERAL STATEMENT Of the .ll/'aii's of The Mo/sous Hank on the joth September, iSijo. Ciipiliil aulhori/cd anil paid up ^., ,|Q,^ q^q '^^'*' •^'^'^"""' ".''."!!'.''^'.'^!,'.'.'.' !!!'!!!!!; uuoiooo I'lABIMTlKM. ' ' 'I'"''' I''";' "p $i',(j()u,()uu ou NoUs ill (!ii(iilali(in I .^^s") •>(;! (j(j Doiiiinioii Covcrmiifnl Deposits jiaynhlc nn dcinaiui l,s ;{.-)!) oil Deposits Juki as sciiiiilifs r.,i till- c.wcutii.iK.f I )<)mii)i()ii CovLriiiiicnt Contracts and for Insurance ('onipanics ")0 7.S1 OU I'rovincial (lovcrnnicnt Deposits payaljje on demand «,'JIO I'J ( )llier I )ep()?,it.s payalile on demand ;j (;q;{ .sGd '.VI •'•"t'-'f "I't'i't-' ;(,U7 1,;f."p7 >!» Due to other Hanks in (,'anada '• I''orei^;n A(^enls I'lolit and Loss Kest '''^.'^'^^^^'''y^.^. 7Udi Dividend llonus of 1 per cent, to Shaieliulders I )iviilends iniclaimed I merest, lv\( liani;e, \'c., reserved Ki.ur.r) IT) ;n,7i7 us 1,100,000 00 K0,000 00 ■JO.OOU 00 2,;i7(i 10 10"), l,-)7 so -$i-.',o!i-j,r)7;i 00 ASSKTS*. specie Donn'nion Notes, $-j;}!),i;{:i ui li.U,(il:! (Ml f.(;;5,7l(i 01 .•i|7,lll 71 .S2,212 iKS 3,(;!)-.> If. •J,y;j2 14 7,!)21 ,S'J i.'i.s,;5i)t; ,'H Notes and ( he(|ues of otiur Hanks Haknice dne from other Ikinks ui Canada " Hraih lies " " Dominion Ciovenimont " Agents, in United Kiiiirdom " l''orei,L;ii .A,L;enls Loans and Hills discounled on Honds, Dehenlures, \'c j |!(':iri;i ;{ 1 I'rovincial, Hritish or I'orei-n, or Colonial Public Securities, other than <'"'•"''='" 1118,273 M Doininiun Covernnieiii Debentures Kjj 375 yy Loans to Municipal Corporaliijns I f( ( yjjy y^ 8;U),0'.»;? 7« 1 C.O.OOO 00 other other JJanks. Hills discounted and current past due, secured . and not secured Real ICstate, other than Hank premises. M( Hank irtgayes on real esiaie sold by the Hank premises at \\^a<\ ( )ttice and Hr Indies . Utiier Assets. S.-Vjl.nll) 77 00,215 72 ■i\,\)\\ 10 .■>7,191 81( r),«r)0 82 190,000 00 7,;ir,i 78 -$12,092,573 00 lie. TORONTO JUNCTION. ONT. TRENTON, ONT. fl I ,i THE MOLSONS BANK. HF^AD OFFICB, IMCORPOHATEO BY ACT OF PARLIAMENT, 1855. MONTREAL. Rest Fund, $1,100,000. Paid-up Capital, $2,000,000. Profit and Los3 Account, $88,478.09 BOARD OF DIRECTORS. JOHN II. R MOLSON, President. K. W. SHEPHERD, Vice-Premient. W 'li ^'vl^^<\^ I HENRY ARCHHAI.I). W. M. KAMbAY. I SAMUEL EINl.EY. VVM. M. MACl'HERSON. V. WOI.KERSTAN IIIOMAS, Gemral Manama: A. D. DURNFORl), /,u/H:r/„r. ^lyhier, Oiil. — \\. A. AMURIIKiK, liroih'itk, Out. —A. li. liRODRICK, Cal_i;ary, Al/iet/a.-iWX). C. .Mi<;RI".(;()k, Cliiiloii, 0)1/. -W. C. UI-'IAVlsR, EAC/er, Oiit. — N. 1). HuKDON, Siil) //ami/ton, Oiit.--C. W. CLINCH, Loiidoii, Out. — v. W. I). HKODklCK, Meaford, Ont. — Xt. A. l'Ek(Ui.S().\ Moiilnal, />.C--|AMES ELLIOT, i\/or,-ishii>x, Out. — ].. \V. HOWARD, JVonviiA, Out.— A. A. C. DENOVAN, Omeit.Soit)id,Ont. — L. K. TATI-;, BRANCHES. Man:ij,'er. A'ldi^vtmiiii, Sm it It's I- alls, Sorel, St. Hyatiiithc, St. 77io)iias, Toronto, Out. Out. P.Q. PQ. Out. Out. 'Porotito Junction, O. Trent on, Ont. iVatirloo, Ont. iVinnifir.;, Man. ll'oodslOii; Ont. — V. — (;. -H. (tv. -T. -H. -J- — W -c. .Ml. MA HON, Maimi'cr A. HETHUNE, \V. (;. JOHNSON, CREHASSA, LOCKVVOOD, A. I'll'ON, H. DR.M'EU, Assi. liERESEORD I'HEI'OE," H. WILSON, " HESI'ELi:k, C. NICHOLLS, •M. M.Cl'.Mi;, AGENTS. Ihitish tWHwWrt— I!.\NK OE RRITISH COLUMBIA Manitolia and Nortli West— \\\VV.\<\A\. RANK OK CANADA New /.'/•««.vto/,v;_H.\NK OE NEW RRIINSWICK A^,7.//,,W/,,W_-COMMERCIAL Ii.\NK OE NEWEOUNDLAND, .Sr I.mins A/ifw .S,,>//,j-H, \ LI EA\ HAN KINO COMPANY j •■ • (Wv„-CANAI)I.\N liANK OK COMMERCE, DOMINION HANK, IMl'ERIAL HANK OE CAN \hA Pnnee luhvard AA»/,/ -MERCH.VNTS HANK. OE P. E. I., SUM MKRSIDl' liWR CANADA. (_W,V, -EASTERN TOWNSHIPS HANK, LA HANOUK )U P XTI E /.(Wi/iw-ALLIAXCK HANK, " Limitiu)." IN EUROPE. '•'^'"''■■"- mf.ssrs. c.ian, mills, I rRkij' .v co Mkssks. MOkTON, kOSE .S: CO. //.-77/,m/-TIII': hank ok LIXEkPool.. (■„;/._MU\STKk & LEINSTER HANK, Lih /V/v-CkEDir lAONNAIS. .Antwerp, AV/!,7//w-LA HAN(^)UI': il'AN\EkS. New York IN UNITED STATES -MECHANICS' NATIONAL HANK. VY W.vrsON & ALEX. LAN(;, Akciiis. \ Hank oi Monikkai,. j Mkssrs. .MORTON, HLISS \ CO. A«/(7w-.STATE NATIONAL HANK. /'<«//a;/(/-CASCO NATIONAL HANK. C///V,<(,w— Elk.ST N.VnoNAL HANK. CA7v/NAL HANK /)<-/;wy-C(JM.\IERCIAL NATIONAL RANK. >'•■"#'/«— Till kD NATIONAL HANK. .IA77i<,7«/!l)er last. The net earnings for the year, alter making full [irovision for had and doubtful debts, amount to ??"J 1(1,7.'! l.(J4. Out of this have been paid two semiannual dividends of 1 jier cent, each, amounting in all to *1(;0,UUO, leaving iijioi), 731.01, which, added to the balance from last year, $;»l,7 J7.0ri, shows $.S8,l7f<.0'.) now temaining at credit of [)rofit and loss account. All tile branches of the I5ank have been insiiected at least once since we last met. The different members of the staff continue to [jo-.sess the confidence of the Hoard, and [)erforni their duties with efficiency and zeal. Duiiiig the year, branches have been opened in Winni[)eg and Calgary. The former has now been ni oi)eiation about nine months, and we have every reason to be satisfied with the progress made. Calgary has been more lecently o|ieiied, and we expect as the (ouniry becomes develop-ed and settled, to do a fair business at that point also. JOHN H. K. MOl-SON, llf< i 9 PROFIT AND LOSS ACCOUNT. Balance at Profit and Loss, on 30th September, 1800 $31717 0.-) Net profits of the year, after deducting expenses of management, reservation for interest accrued on deposits, exchange, and making provision for bad and , ^°"'^'^"' ^^^'^^^ $-JH;,731 UI I'rom which has been paid : 71st Dividend, at 1 per cent , 1st April, 1891 $80,000 00 ^-"^ " " " 1st October, 189! 8o!oOO 00 ' __ $ 100,000 00 ;")(;, 731 04 Leaving at credit of Profit and Loss, on September 30th, I8'jl $88,r78~oi> The Pkesidknt moved the adoinion of the rei)ort. The V.c.-Pkes.dknt, Mr. R. W. Shepherd, then seconded the motion, wbu h, after some remarks havmg been made thereon and replied to Ijy the President, was formally adopted. Mr. Daniel McCarthv moved : That the thanks of the Shareholders arc due and are hereby tendered to the President, Vice-President and Directors for their attention to the interests of the Hank durmg the past year, *' Mr. Henry Hogan seconded the motion, which was carried. The Scrutineers then presented the following rei)ort :— ^ ,, „ , .^ , MoNTKK.M., IJth October, 18(»1. lo the General Managet of the The Mo/sons Bank . — SlR,--We the undersigned, acting as scrutineers at the Annual Meeting „l the Shareholders of The Molsons Bank held this day, beg to report the following gentlemen elected tn act as Directors for the ensumu year : — *" HKNRY ARCHI5ALD, S. H. EWING, SAMUEL FINLLV, WM. M. MACPHlikSON, J. H. R. MOLSON, \V. :\I. RAMSAY, R. W. SHEPHERD. J. TRV-DAVIES. \ \V. N. l':V.\NS, ) -'^'"'''^' »("'■■'■ The meeting then adjourned. A meeting of the Board nf Directors was held immediately afterwards, when Mr. John H R Molson was elected President, and Mr. R. W. Shepherd, Vice-President, for the ensuing year. 11!) u. in n\ GENERAL STATEMENT O/- the. JifaUs of The M(dsons Bank on the 30th September, 1891. Capital authorized and paid iii) .... ^, „„ Rest Account ... ' $2,000,000 00 I'rofu and Loss Account ,...■■ : 1,100,00000 H«,478 0!) LIABILITIES. ^■''P'^^-' '^''''^ "t' 12,000,000 00 Notes m circulation 1,8:58,378 00 Ualancc due to Doniniion ("lovcrnment 3'^ 4->l 40 " Provincial Governments "'-^G'J O'J Due 10 Depositors, payable on demand 4 lyi'ygo 5^ payable after notice 3^307*570 4G " other Hanks in Canada 1 17 9in 4') " ^^^^"^'^^'' '^.'^..'.'.'.'."^^. 11^738 75 " Fo'-'-''!^" Agents ,3.5,^ g, " Agents in the United Kingdom ^3 ^^.^ re j;™"' ""d »^°^« '■■'■'■'''''.'''.'.'.''.'. 88;4780!. ..f^V.VV ■, 1,100,000 00 ;;"V. 80,000 00 Dividends unclaimed .1 r- . ■ ,,. , „ , -',041 10 Interest, Lxchange, iVc, reserved 108 f)! •> 03 Olhcr IJahilitit's \,1 n^ oil,' ()2 * 13,0 14, 2 10 8(1 ASSETS. ^1'^*^''= $184,807 81 Dominion Notes -3,-^,. ,. ,. , ,^ ■ - $71(1,314 0(1 Deposit with Dominion (government to secure Note Circulation ... 40 -,00 00 Notes and Che »''«•/'',.»/.„,. W, m/ RAMSAY I HENRY AFiOKRALI). Vt.M. .M. MAL'PHERSON. $2,000,000.00 $1,289,228.63 V ., n„.,v J/'"'^*^'^''^'''^^ THOMAS. ^V,.em/ Mann,,,.: A. I,. DURNFOR,,, /„.,.,..... ,, ,, BRGDRICK. .,,„.. /„.,.„„,.. Aylmi-.r, (hit. limiki'tlU , Out. diilijiiry, Allii-rtii. Clinton, Mxfler, llnmillmi, Ijiiiiilon , Meiijhrd, Mimtrinl, Ont. Ont.- Ont.- Oiil. -- Ont.- P. V. { -H. -K. (il H. -N. -C. P. I). .(A II. A. AMRRIIMJE, F. KOHL, :0. C. McOREOOR, (". BREWER, I). HURDON, .V„/, VV. CMNCII, BRANCHES. Manaijir. Mirrrislmrii, Out. Xiini-iih, Out. — L. —A. VV. 1). RRODRICK, A. FERGUSON, MES ELLIOT, MARKLANU MOLSON, As.tt. VV. HOWARD, A. C. DENOYAN, Oii;n Soiinil, Out. J>'i(l!l,t„ii-ii, Out. Stiiilk'.s />(//.,., Out.- S(yr,/, p, (^,,. St. Ifi/iiriiilh,, J'. Q. St. Thima-i, Oat. Trn;>nto, Toronto Jet. Trciilon, W(it,rl,m, Wiiiiiiji, ij, WomUtuik, Ont. Out. Oat. Oat. Oat.- -L. E. TATE, •I. M(MAHON, -V. A. HETHUNE, F. W. (i, JOHNSON, <;. CRERASSA, -H. LOCKWOOl), fC. A. I'll'ON, I VV. H. DRAPER, A., -T. BERKSFORD I'lII' H. B. WILSON, •I. HESI'HLER, VV. (i. NK'HOLLS ('. M. .M.CL-AKJ, Milan,), I :t. WOK AGENTS. linti.sh CVH/H^Hft— BANK OF BRITISH COLU.VIBU J/..,»/o/,,,a,K/ V,,,v/, HW-IMPKRIAL BANK OF CANADA .V.». /;n/»,s»vrX-BANK OF NEW BRUNSWICK ^'''^'"'^- 'r^r~>^^r;}^^^S.^ OF CANADA V«,/.,-EASTERN TOWNSHIPS BANK, I A BAN(/uE DU PEUPI E. ' ' ^'""^ IN EUROPE. Aat„;,'j,, Ihhjiiim^LX BAN^UE D'ANVERS. IN UNITED STATES. Am/ )o,<— mechanics^ NATIONAL BANK •, r, „, W. WATSON, R Y. HEBDEN ^ 'llf'><'-'Y^^\}}y ^A'^M-iAX. nx^K. AND S. A. SHEPHERD, A,jll'\ •»/'/""«/-. -U SCONSIN MARINE AND FIRE Bank .,F MoNTUKAi.. f „■ ,. I^,*^ l,7,w-C0.MMERCIAL NATIONAL BANK ' {.,'"' ^'^!»""""-EIRST NATIONAL BANK ■ ■^"" ^- '■""'•'•« "BANK OF BRITISH COLUMBIA AOENTS IN --- -J -C^;?LSJ?-^^S--^- ^{!?,i;f-' --- CO. COLLECTIONS MADE IN ALL '-- -.-^^--^^^ PROMPTLY REMITTED COMMERCIAL LETTERS OF CREDIT AND TRAVELLERS CIRCULAR LETTFRS ISSUED VVVI, .nr p .. ALL PARTS OF THE WORLD ''''^^*^'^« 'isSt'ED, AVAILABLE IN 121 ;(• THK MCLSONS BANK. PROCEEDINGS AT THE Thirty-Seventh Annual General Meeting SHAREHOLDERS OF THE MOLSONS BANK, Held at their Banking House in Montreal, Monday, October lot/i, jSg2. The Annuai. Meeting of the Shareholders of The Molsons Hank was held at the Banking House, St. James Street, at 3 o'clock, Monday, October 10th, lf<'J2. The President, Mr. John M. R. Molso:.. occupied the chair. Among those present were Messrs S. H. Kwing, R. W, Shepherd, Wilham M. Macpherson (Qudxx), Henry Archbald, John T. Molson, John Crawford, J. Try-Davics, Walter N. Kvans, 1). Crawford, Wm. Ramsay, S Finley, and R. W. Shepherd, Jr. The Chairman having called the meeting to order, requested Mr. James Elliot, the local Manager, to act as Secretary, and that gentleman having read the notice convening the meeting, the Chairman asked Messrs. J. Try-Davies and Walter N. Evans to act as Scrutineers. THE ANNUAL REPORT. The General Manager, Mr, F. Wolferstan Thomas, then read the annual report of the directors, as follows ; The Molsons Bank, Montreal, October 10, 1892. (;i;NrLEMi.:N,--The Dirertors het; to submit to the Siiareholders this, their thirty-seventh annual rei)ort. The net earnings, after jjroviding fully for l)ad and doubtful debt.s, amount to .«-280,7.')0.44. Out of this have been paid the Ai)ril and October dividends of 4 per cent, each and bonus of 1 i)er cent,, in all $180,000, leaving a surplus of $100,750.14, of which $.50,000 has been added to " Rest " account, making it -SI, 1.50,000,' and $.50,000 set aside for rebate interest on current bills discounted. The balance $7.50.44 is carried to Profit and Loss Account, which now stands at credit $89,1228. "j^. The Branches of the Bank have all been inspected during the year. The Officers have discharged their duties faithfully and to the satisfaction of the Board. JOHN H, R. MOLSON, President. PROFIT AND LOSS ACCOUNT. lialance at Profit and Loss, on 30th September, 1891 . ^^^ ^j^ yy Net profits of the year, after deducting expenses of nianage.nent, reservation 'for interest accrued on deposits, exchange, and making provision for bad a.id ^°"^'^"' '^'^'^'-'^ $280,750 14 From which has been paid : 73rd Dividend, at l per cent,, 1st April, 1892 $!80,000 00 :, , ',' ^ " '^t October, 1892 so.OOO 00 13onus of 1 per cent, to Shareholders, 1st October, 181)2 20,000 00 $180,000 00 100,750 14 Leaving a surplus of. $189,228 STS I'rom winch deduct : Amount transferred to Rest account $50 000 00 Set aside for Rebate on Current Bills discounted ■ ^ ........ , 50,000 00 100,000 00 Leaving at credit of Profit and Loss on September 30th, 1892 ~$^d,-22H 53 The President moved the adoption of the report. After some remarks by the Shareholders the motion was carried. Mk. John T. Mo.son n.oved that the thanks of the Si,arelK,lders are due and are hereby tendered to ti>e President, Vice-President and Directors for their attention to the uUerests of the Hank during the past year. Mr. David Crawford seconded the motion, whicii was carried. The Scrutineers then presented the following report ;— 7'. //, ^ , ,^ r r^, MoNTRKAi., 10th October, 1892. lo the General Manager of The Molsons Bank . S.K,-\Ve, the undersigned, acting as scrutineers at the Annual Meeting of the Shareholders of The Molsons Hank held this day, beg to report the following gentlemen elected to act as Directors for the ensuing year : — HKNRY ARCHHALD, S. H. KWINO, SAMUEL MNLKV. WM. M. MACPHKRSON, J. H. R. MOLSON, VV. M. RAMSAY, R. W. SHEPHERD. J. TRY-DA VUuS, I ,. . W N. EVANS, I -V''""'"-'''-^. The meeting then adjourned. A meeting of the Hoard of Directors was held unn>eduUely afterwards, when Mr. John H. R. Molson was elected President, and Mr. R. W, Shepherd, Vice-President, for the ensuing year. 123 n ' GENERAL STATEMENT Of the A/fairs of The Molsons Bank on the 30th September, 1892. Capital authorized and paid up Rest Account Reserved for Rebate on Current Discounts Profit and Loss Account LIABILITIES. Capital paid up Notes in Circulation Balance due to Doininion (iovernmcnt Provincial (;overninciUs Deposits not bearing Interest Deposits bearing Interest Due to other Hanks in Canada " Branches " Foreign Agents Profit and Loss Rest 74ih Dividend Bonus of One p. c. to Shareholders Dividends unclaimed Interest, Exchange, kc, reserved. Rebate on Current Discounts Other Liabilities ASSETS. Specie Dominion Notes. $•201,041 78 .590,318 00 Notes and cheques of other Hanks Due from other Hanks in Canada " Foreign Agents Agents in United Kingdom Dominion (Iovernmcnt Debentures Canadian Municipal and other Securities Can.idian, British and other Railway Securities Call Loans on Bonds and Slocks Deposit with Dominion Covernment to secure Note Circulation Bills discounted and current Hills [)ast due (estimated loss provided for) Real Estate, other than Hank Premises Mortgages on Real Estate sold by the Bank Bank Premises at Head Office and Branches Other Assets $2,000,000 00 $1,L50,000 00 riO,ooo 00 89,228 53 $1,289,228 M $2,000,000 00 1,874,470 00 .32,268 50 10,191 41 1,81.'), 204 .-)7 7, 501,, '544 02 127,200 77 1 1,88.3 08 10,790 95 89,228 5,3 1,1.50,000 00 80,000 00 20,000 00 1,100 00 12.3,101 01 50,000 00 318 00 -$14,903,309 30 $803,359 78 020,334 79 152,909 58 250,952 18 10,593 23 101,375 00 380,4 70 59 703,200 12 191,929 98 90,000 00 1,275,872 55 113,091 70 01,355 84 2,500 17 190,000 00 11,037 79 $3,21,8,191 25 -$11,74.5,118 05 $14,903,.309 30 124 VALLEYFIELD, QUE. ' », VANCOUVER, B.C. ]?., } i';H. in c V THE MOLSONS BANK. INCORPORATED BY ACT OF PARLIAMENT, 1855. HEAIJ OFFICE. ~ '- ~ , PAID-UP CAPITAL. REST FUND, RESERVE FOR REBATE ON CURRENT DISCOUNTS PROFIT AND LOSS ACCOUNT. MONTKFAI,. $2,000,000 00 $1,200,000.00 $60,000.00 $90,923.26 $1,300.923 26 JOHN II K. M()1..S(JN, /•n-.-.Miu. K. W, SIIKPIIKKI), (V,../Vc,,/,/,///. '^^ "• '■■\\'N'i. I IIKNKV .\K(II|!.\1.|. w. M. k.\.M.s.\v. I s.\.\iui:i, riM.Kv, \VM, M. MACI'IIKK.SON. I-. WOl.I-KkST.W TliO.MAS, (n>,aa/ AAw.ixo: .\. I>, DLKNI'ORD, /«,A,Av. l|. LCJCKVVOOD, ./„^ /„,/,„ y„ A/iiiiiiXi Avi.MKK, On, .-11. A. .\MliKlI)(;i:, IIKCMKVII.IK, O.M._K. V. KOIIL, Cai.(;aii,ANi;--CO.\l.Mi;k(;iAI. liANK OK NKWI'OUNDI.AM), .Si. |,,hn. Nova SniiiA-ll.M.llAX li.WKINC CoMI'ANV ' ONiAKi,.- CANADIAN HANK oK CO.M.MKRCK, Do.MIMoN liAM<, IMI'KkIM l;\\K o|. cwvi.v I'klN.K KhUAKi, iMAM.-.MKkCII.WT.S HANK (JK 1'. K. 1., SLMMFkSlI) • I \\K AN.VDA. nvum- KASTKkX TOWNSIIII'S liANK, LA llANijUK I)U n'uI'LK. IN EUROPE. l.iVKKi'ooi.-Tlli: HANK Ol- I.UKkl'OOI.. ■ -^^ > '. C..RK-MLN.STKR \ I.KIN.STKR liANK, I.iMina, I'AKis— CKKHIT I.NONNAI.S. .\M\\l.\<\\ I!i;i.(;ir.\i — L.\ liAN(^)UK d'ANXKkS. IN UNITED STATES. I III! lAiu-TiiK ens i!A\K. .MllWAiKKK ^WISCDN.SIX NATIONAL HANK ' (>|- MILWAlKLi:. Ml.NNKAPoi i.,-Llk.sT NATIONAL HANK I Tui.KiiD-SKCONI) NATIONAL HANK HtTTK, .Montana LI k.ST NATIONAL li.\NK Crbat Falls, .Mun i ana-NOKTII VVi:.STi;kN ; ^. ,, NATIONAL HANK. San lKANciN(o-HA\K OV HklTLSII COI.C.MHIA. Nlw NiiKK - .MLCII.VNICS' N.\TIoN.\L H \NK W. WAT.SON, k. \. IILHDKN ' AND .S. A. SIIKl'IILKD, ./;r«A Hank ol .Mdni ki:al. .Mk.-^sks. .MokTON, HLISS \ CO HosToN-STATK NATION.M, HANK I'dKTl.ANi. CASIO NATIONAL HANK CillcAcu -KIkST NATIONAL HANK CllcVKi.A.M.-KIkST NATIONAL HANK Ui;TR(iiT-Co.\LMi:k(TAL NATIONAL HANK A(;LNTS in CANA1).\ lOk TIIK money OKDER DKI'ARTMKNTS of TIIF I'\(TFIC FXI'RFSS CO AND AMKRICAN K.M'RK.SS CO. OF TIIF UNITLD .ST.VfKs. 1:15 ■* 1> rUB MOLSONS BANK. PROCEEPINGS AT THE Thirty=Eighth Annual General Meeting OF IIIK SIIAKI'HOLDKRS Ol- Tl 1 1«: MOLSONS HANK. Held at their Hanking House in Montreal, Monday, Octoffcr 9th, 18!f'i. The Annual Mf.kiinc. of llie Sharclioldcrs of 'I'lic Molsons I'.ank was held at ilic lianking House, St. James Street, at \S o'clock, Monday, Octol)er Dili, is'.l.'i. 'I'lif President, Mr. John II. K. Molson, occupied the cliair. Ainonj^ those present were Messrs. S, H. I'-wing, K. \V. Shepherd, WiUiiun M. Macpherson, ((,)iiehec), Henry Archliald, Joiin '1'. Molson, Henry Hogan, John ('rawford, J. 'I'ry Davies, Walter N. livans, D. Oawfnrd, \\. J. Wiihall and W. 1). McLaren. 'I'iie Chairman havini^ called the meeting to order, recpiested .Mr. James I'.iliot, the local manager, to act as Secretary, and that gentleman having read the notice convening the meeting, the (!hairinan asked Messrs. J. Try-l)avies and Walter N. ICvans to act as Scrutineers. V M ' I 1-.- XHK ANNUAIv l-iET'OKX. 'I'hc ("icneral Manager, Mr. !•". WolCerstan '{'hoiiias, then read the annual refiori of the dire<'tors. as follows ; 'I'liic Mni.soNS I'ank, MoNTRRAi., October !•, l.S!>;{. CiirNii.KMK.N, — The Directors of The Molsons I'ank heg to present to the Shareholders the thirty- eighth annual repf)rt lor the year ending 30th Sei)tenil)cr. The net earnings for the year, after making full jirovision for had and doubtful debts, amoimt tc .$'J2l,(il)t 7.'i. Thi.s has been distributed by two semi annual di\idends of \ per cent., together $l(i(),0()U. leaving $(il,()'.)1.7.'5 to be disi)Osed of, $.^)0,<)0() of which has been transferred to the Rest, incrc.ismg it to $1,200,000; $10,000 to rebate on current notes discounted, bringing that account up to $00,000; the balance, $l,()i)4.7.'i, added to $89,228.5.'!, the amount carried over from last year, leaves $i)0,!)2.'i.2(i remaining at credit of Profit and Loss Account. The branch at St. Hyaciiithe was closed during the year, and one was opened at Ottawa, where handsome and well situated (iremises have been secured. All the branches of the Bank have ticen insjiected at least once during the past year. 'I'hc different members of the staff continue to possess the confidence of the Hoard, and perform their duties with efficiency and /.eal. JOHN H. R. MOLSON, President. .'(•( I : I PROFIT AND LOSS ACCOUNT. ItaliiiKT at rrofit and Loss, on :tli Dividend Dividends unclaimed Interest, Exchange, &c., reserved Rebate on Notes Discounted . . . Other Li-^biiities $2,000,000 00 1,7!}1,2!2 00 21,2(i;3 (i!» la.'JO.'J 22 1,")1 4,010 17 G,y'j.s,9'J0 .s;} 101,700 ni) 23,017 2(; 111,074 h; 90,923 20 1,200,000 00 .SO, 000 00 1,754 00 132,220 20 00,000 00 37 S4 ASSETS, -i? 14,200,8.")! l).{ Specie . §l07,l!t8 71 Dominion Notes Cj i4 9,583 Notes and Checks of other Hanks Due from other Banks in Canada " Foreign Agei is Dominion Covernment Debentuies Canadian Municipal and other Secui.ties. . . . Canadian, liritish and other I'iauva) Securities Call Loans on Bonds and Storks ii75(i,7'_ . 49 338,112 88 1)8,219 10 110,218 45 104,375 OU 440,258 44 727,180 12 221,313 73 Deposit with Dominion Government to secure Note Circulation Hills discounted and current Hills p:ist due (estimated loss provided lor) Real Fslatu, other than Hank premises Mortgages on Real Kstate sold by the Hank Hank premises at Mead Office ; luJ Hranclus Other Assets #2,808,520 51 90,000 00 0,881,4^)5 70 152,880 11 55,150 38 5, 100 89 190,000 00 14, 075 3! -*1 1,392,334 42 $14,200,854 93 I:' 128 m. THE MOLSONS BANK. INCORPORATED BY ACT OF PARLIAMENT, 1855. PAID-UP CAPITAL. REST FUND, RESERVE FOR REBATE ON CURRENT DISCOUNTS PROFIT AND LOSS ACCOUNT. . montkkal. $1,300,000.00 $80,000.00 $75,740.54 $2,000,000.00 $1,455,740.54 BOARD OK OIKtCCTORS. JOHN II. K. MOLSON, rnsi,l,„t. .S. II. KWIXC, W. M. K.XM.S.W W. SIIKI'IIKKI), n..:J\rs,;i,„/. ni:\KV .AKCIIIi.M.I). .SAMIKI. IINI.KV. \VM. \|, .\l.\( I'lll'KSoN. I'. \VI)I.II;K.STA\ TIIO.MAS, (/,//,;„/ .1/,;//„..,/ . A. 1). !)nu^. MAN. MIL1>, C I kklK .v ( ( ). m,,.sks. MOkToN, KOSK .\ CO. Lnierimol T\\\ HANK ol' l.l\ i;kl'0( )I., KiMirn, Corh MCNsri-K.x I.i:i\STi;k H\NK, l.iMiii.i.. Paris ( kl DIT I.NDNN.MS. Antwerp, BeUjium l..\ HANc^iri-; ii'AN\"l'.k.S. Hamburg. Germany lli;,S.Sl':, 'mwMAN \ CO. IN UNITED STATES. New Kor/,-Mi;cil.\NIC.S- N.UIONAL HANK. Buffalo-Tl\K CITV I;.\N1. W. \V.\TSoN, \ k. \. IIKHDKN, ) /c^'."', H \.\K or MoN I K].:.\i . { Mi;sM{> Mokl'ON, HI.ISS A: CO. N.VTION.M. vn\ HANK. Boston ~ ST All. N.\l loN.M, HANK. Portland-iWSVo N.MIoN.M. H.\NK. Chicago — IIKST N.\rioN.\I. I!,\NK Cleveland CoMMKkCI.M. NATION \I. l;\NK Oe<;o/f-(()M\IKkCIAL NATIONAL HANK /lf//H;ai//(w WISCONSIN N.\TIONAL B.VNIv OK MILWACKKi:. Minneaimlis \ \\4, appropriated as follows :— Transferred to Rest Account !? 1 00,000 00 Rebate on Current Bills Discounted 20,000 00 Carried over at credit of Profit and Loss Account 7."i,7IO .')4 ■|"he amount at credit of Rebate on Cuneiu !!ills DiscoiuUed is now $80,000, which is considerably in excess of the sum actually required for that [lurposc. All the branches of the Bank have been inspected once or oficncr since last we met you To meet the reijuircments of the increasing trad- in the upper part of the city, and for the convenience of or' customers, a branch of the Rank has been ..pened on St. Catherine Street West. We have every reas( i i believe that this step will prove satisfactory .n retaining and adding to our present city business. I ne members of the staff continue to |>erforni I'lcir duties efficiently and to possess the confidence of the Board. JOHN H. R. MOLSON, President. l.'.O PROFIT AND LOSS ACCOUNT. Balance at ( rcdii of Profit and Loss Account, 30th September, IS'JIJ $'Ji>,')2:$ 20 Net prot'ils for ycnr, after clediirtiii^^ expenses of management, reservation for interest accrued on deposits, cxcliange, and provision for i)a(l and donljtfu! debts 26I,«I7.28 $:$5r),740.r)4 Appropriated as follows : 77lli Dividend at rate of f< per cent, per annum, 2nd April, lHi)4 ....... i|SO,000.00 7Sth do do do 1st October, 1894 80,000.00 Rebate on Current I'.ills Discounted 20,000.00 Rest Account 100,000.00 !?280,000.00 l.eavinj,' at credit of Profit and Loss .Xccount on -",)th September, 18'.) 1 J75 7.40. '')4 The rKF.siDKNT moved the adoptiori of the report. The Vick-Prksidkne', Mr. R. \V. Shepherd, then seconded the motion, wiiich, after some remarks having been matle thereon and rei)iied to by the President, was formally ado[)led. Mr. llh.NRV lldd.vN moved : ''That the thanks of the shareholders arc due and are hereby tendered to the President, Vice-President, and Directors of the Hank for their attention to its interests durin|,' the year just closed. Mr. D. Wilson seconded the motion, which was carried. Tiie Scrutineers then iircscnted the followinji; report : — MoNTRi'-. \i., 8ih October, 1894. To tlic General Mana'^er of The Mohoiis Hank : — Sir,— We the undersigned, acting as scrutineers at tne .Annual .Meeting of the Shareholders of The Molsons P.ank held this day, beg to vo|)ort the following gentlemen elected to act as Directors for the ensuing year ; — IIRNRV ARCHP.AIJ), S. H. KWINO, S.AMUl'L IIN'I.KV, WM. M. MACPllKRSO.V, I, II. R. .MOI.SON, w. ,\i l^\MSA^, R. U. SHKPIIKR!), I. TRY l)AVIi:s, I „ ,. 'W. N. i:\'ANS, ]^(''»t>neen. '{"he meeting then adjonrnc.'d. A meeting of the lioanl ot Directors was held unmediately afterwards, when Mr. lohn II. R, .VIolson was elected President, and .Mr. R, W. Sheiiherd, Vice-President, for the ensuing year. 131 vr; III GENERAL STATEMENT 0/ the Ajfain of The A/o/soits Ihiiik on the jcjth Septeiiihei\ /Sij^. LIABILITIES. Capital paid up Rust Account Rebate in full on Notes Discounted Profit and Loss Account .... . , $2,000,000 00 .$l,:;uu,000 00 t<(»,()00 00 7r),7iu r>t Interest, Kxcliange, &C., reserved T.'^lli Dividend Dividends unchmned Notes in circuluiion Balance due to Dominion CioverniiiLiu " " Provincial (lovernuicnts Deposits not hearing Interest Deposits healing Interest Due to other Hank.-, in Canada " " Foreign Agents Other Liabilities 1,1 'if),! 10 -"it 11 7, -.'79 8:3 S0,00() 00 1,0'.I0 00 1.7l(i,:{t)!t 00 ■M),-l.y.\ .").") •t,-_'(il H i,ii'.t.\|,st ;?1 7,:55j,y2;^ rr, \-i\,-r.vi .Si) .">,2S!) lu -$ll,l, ni'i .■;ui,i7i :)l,r.;{7 l()l,:i7.-) .")'.):{, .11-' 711,101 .1(11,711 U),iii)."i,:i;!l ir>5,07t; .;,;;.-. 1 l'.)0,000 .•i:i,SL>',t 1lMs:> 00 00 (iO :vi IS ttO '.)'.» ■i.) I -J ■■Vl on 00 17 00 :ii III ■61 i, OK iJIKtCCTORS. JOHN II. R. MOI.SON, /■/,. /,/,/,/. S. 11. i:\VIN(i, l-u,-/'r,si,l,nt. I SAMl Kl, MM.KN. 1 \VM. M. MAC I'll KKSdN. I. r. ( I.KdllORN. V. \VOl.|-i;i+STAN lilOMAS, (/,;/,/„/ ^,»/„-,;. A. 1) DrkN'l'OKI), ///./,■,/,-/. II. I.OCKWOOI), Assl. /,is/<,rlor. BRANCHES. .iYliiirr, (hi/. - 11 A. AMIiRinCK, Utiiiiy^n. A'iii't. f j.VMKS KI.I.IOT, Toiviilo J.I , Olll. — S. R. (;raii.\.\i, ti l/iix I'll. -MAKKLANI) MoLSO.N I'li'llloil, ( hi/. 11 II. W 11. .SON, Assi . " W'iilii/oo, ( );//. -1. Ill NI'Kl.l'.R, .SI. Cilliniii, .Si. { 1' W. (1 lOllNSdN, I. H'iinii/^iX, .]/,iii. -r. lil ;rksi()R1) I'HKi'oi:. • Ifooi/ilo.l; (>iil. -c. .\1 MtCL.VU;, .. A/niris/iiii-i;, Olll. -I.. W. HOWARD, •' AGtNTS. /.V///.7/ tV«wW,;-liANK OF I'.RITISIl COI.IMIU.V. .Uoiiiio'iii nil,/ A'oii/i /;•',./ -i.mi'i;ri.\i. rvnk op' c.vn.mlv. M'w /.'//(//i7ti/,/!-liANK Ol' NKW llRrNSWKK. jV,n'/oiiii,//,iiii/ --\\.\'\K Ol- No\'.\ SCO'IIA. JVor.i .s-,,i/M-HAl,H-A\ U.VNKINO CoMI'.XNN, HANK Ol N AR\|n| |||. ('»,',//•/,. (WNADIAN HANK Ol COM M Kk( K, DOMINION HANK, I M !'i:kl.\l, r,\NK o| CANADA /'nil,, A,/r,w,-, //>/„//,/ -^.\!|;K( II AN r.S li.VNK Ol- I'. K. I., SL' .\I.\I KR.S1D1-: l!.\NK (^iiii'/u; i;Asri:RN rowN.siiir.s h.\nk. Ml IN EUROPE. /..•i.;/o,i^V.\RKS HANKINC. C0MI'.\N\ .\ND IJll-: .\1.1.I.\NCI'; H.\NK, Limukd m;-. CLNNN, MI1.1..S, CIRRIK ,v CO. \h,--K.. MORION, RoSF, \ CO. l.r.;ifo.-,l Till'. HANK Oh l,l\ I'.Rl'i i( il„ I.imum, c.'/7(-.\nNsri:k ,v i.ijn.silr i!.\\k, i.imhi.i.. l\iii^ CRi;Dir l.NoNN.MS. it.-r/iii- Di:r r.scHK h \nk. .liiiw.if, /1,1-iiiiii -\..\ \\.\\i\\V. D'.\N\ I'.R.S. //.im/iiii,;, Ciiiuiiiy IIKS.Si;, NIAV.MAN \ CO. IN UNITED STATES. Ncii< r,'yv(M i;(il.\N I CS' N.\ITONAI. HANK. \v. u wisoN :wA R N . iii:hdi:n, \ .1^,11/^ Hank m .Mcn i ki. m,. \ -Micssiis MORTON, HI.ISS \ CO N.\TION.\l. CHA IJ.WK /.Viy,.;/-.Sr.\TK NAIION.M, l;.\NK. SCFKOI.K NAT. H.\NK, KIDIHR. l'i;.\Ho|)N ,\ CO. /'."•//,»/<(' C.X.SCO N.\TloN.\l, li.\NK. (•/»,,;-,. -II R.sr N.\TloN.\I, H.\NK. C7,7v/,;W— C0M.MI:R( 1 \1. N.\l T( IN.\I. liANK. /V/;w/— COM.MFRCl.M, NAIlONAL HANK /.V/"/r'— Till'. CIIA' H.\NK. .l//77(,',(»/v, -WISCONSIN N.\TloN.\l. HANK OF .MlI.WAlKFi;. .l//////,v0)//\ IIRST N.\riONAI, H\NK. /;-Av/„-Sl-;coND N.\IToN.\l, H.WK. /.'.'//A, .!/,»///,;//,; -FIRS r N.MToN.M. H.\NK (;i,.il /•,///>. .I/,)///,i;m -NOR I'll \Vi;si'F'.RN NA- TIONAL HANK. Il,!,ii,i, .I/,i//A(.7,( -FlRSr N.MION.M i;.\VK S,iH /■■/•,i«,7„,.-HANK OF HRlllSIl l OHMHIA. t:oi.i,|.:c TioNs .\i.\Di IN Al.I. I'.XRTS OF rill'; DOMINION, .WD RKTIRNS HROMI'Tl.V RFMITTKD Al I.o\Vi:sr RATFS OF i;NCHAN(ii:. co.\imi;rci.\i. lfitfrs of crfdii and ir.w fi.i.i:rs' circcl.xr i.i;tii;rs issifd \\ aii ami k IN .\i.i. I'.xRis OF 1 111. World. 13:J THE MOLSONS BANK. PROCEEDINGS AT THE r *(' I ' !!l ,1 f li:il Fortieth Anntial General Meeting OK Till': SHAREHOLDERS OF THE MOLSONS BANK. Ifcld (U /heir Banking House in Montreal, Monday, I41I1 October, ISO-'). 'I'liK I'oKTiKiii Annum, (".knikai, MiciaiNi; of the Sliarulioldcrs of 'I'lic Molsoiis I'.aiik was hukl at tlic Dankiii^ House, St. James Sticcl, Mooday, 1-ltli Oclolicr, iJ^'jr., at 3 o'( lock. 'I'liu rresidunt, Mr. John H. K. Molsoii, occupied the chair, and among those present weie Me.ssr.s. S. H. Kwini;, W. M. Ramsay, lleiny .Xiclihald, Samuel Fiiiley, William M. Maci)her.son, Walter N. Kvans, E. C. Leslie, John Crawford, David Crawford, James Wilson, Jr., Charles \l Si)ragge, E. J. liarbeau, K. W. Shepherd, W. J. Withall and J. 'I'ryDavies. The Chairman liaving railed the meeting to order, called ii[)on Mr. James Elliot, the Local Manager, to act as Secretary .After Mr. I'Jliol had read the advertisement convening the meeting the President named Messrs. David Crawford and Walter N. Evans to act as scrutineers. 'i'he (leneral Manager, Mr !■'. Wolferstan I'homas, then read the Annual ReiKirl of the Directors, as follows : 'I'llK MOI.SONS li.ANK, MoNiUK.M, 1 Ith October, KSlIf). CiiMi KMi.N, The Duectors of The Molsons IJank beg now to submit to the Shareholders the I'ortielh .\nnual Re|)ort of the IJank for the year ending .'iOth Se|)tember, l.s;)'). After making full provision for bad and doubtful debts, the net earnings amount to .$2-J-J,Sl>7.08. 'I'his has been distiibuted by two senn animal dividends of J per cent, and a bonus of 1 per cent, together $1.S0,UU(). The balance, $I2,.^J7.08, added to .fTn,; 10.") |. the amount carried forward at credit of Profit and Loss account last ye.ir, makes a sum (jf $118,067.62, from which $7.'i,UU0 has been transferreil to Rest Account, making it $1 ,:(7:i,()UU, leaving $ i:i,r'<'7 <>2 'l"he Pkesiuent moved the ado[ition of the Re[H)rt, which was seconded by Mr. S. H. ICwiNc, the Vice-President, and formally adopted. Mr. \V. J. WiTH.M.i, then moved ; Tiiat the thanks of the Shareholders are due and are herel)y tendered to the President, Vice-1'resident and Directors of the Dank for their altenlion to its interests during the year just closed. Mr. James Wilson, Jr., having seconded iIk motion, it was deckirud carrieil. The Scrutineers then presented the following rei)orl : — MoNTKEAi,, Nth October, iSlt."). To the General Ma>i(i}^er The Molsuns Ihutk : Sir,— We have the honor to rei>ort that at tiie Annual Meeting nf the Shareholders of the Molsons bank held this day, the following gentlemen were elected to the P.oar'i- The meeting then atljnurned. A meeting of the Hoard of Directors was held inunediately afterwards, when Mr. John IL R Molson was elected President, and Mr. S. H, Ewing, Vice President, for the ensuing year. 135 GENERAL STATEMENT Of the .////«/;vv of The Molsonn Jiank on the ,JOth So/tteinher, IS'jn. — ■•^^•-- V:. 511 LIABILITIES. C'apital paid up Rest Accoimt ... Rebate in full on Notes Discounted. . . Profit and Loss Account Interest, K.xchange, Ike, reserved ... KOth Dividend Monus of One p. c. to Shareholders .... Dividends unclanned Notes in Circulation ... Halancc due to Dominion Covernnient " " Provincial (lovernnjents Deposits not i)earinj; Interest Deposits hearing Interest Due to other Hanks m Canada " Koreif^n Agents .... " Agents in L'niied Kingdom , . . . Other I,iai)ilities $-2,0(Mt,00(» 00 l,'{7ri,0(K» 00 ^0,000 00 •l.'i.'iC,- [Vl ihs.oyT ,Hi .■^0,000 00 •JO.OOO 00 Sj.S 00 i,7r)(;,;)<)0 00 ■ji),r)3.-i ;i.-. l(.t,001 .■}.( 1, tun, "SO HI 7,7s(,s8o \:\ L'si,,sf;r) (12 1 i,ij;{ L>;i 1 17,:',5'.i .■)i i;i 51 1,41)8,507 (1-J - ll,S7'.t,-JlI) CI $1;:),;{77,7S7 L'.i ASSETS. i "i I:: Sjiecic Dominion Xotes. $•-'11,11 'J ;}.■) Si)2,-.'ll 0(1 Deposit with Dominion (lovernnicni to secure N'ote Circulation . Notes and (Checks of oilier Hanks Due from other Hanks in Canada '■ Branches " Foreign .Agents Dominion Covcrnnicnt Debcntuies Canadian, Munici[)al and other .Securities ... Can.adian, British anil other Railway Securities Call Loans on Honds and Stocks Bills discounted and current Bills past due (estimated loss provided for) Real Instate, other than Bank premises Mortgages on Real Estate sold by the Bank Bank premises at Head Oflice and Branches. Other Assets .$1,1.,;,, '.to no,ooo ;5!1!I,7S1 81,02.1 s;i."i .Vl'.t.l'Jll lol,:i7r) ."•!') 7, 07") 7,SG,70r. :u;i,(;oo ;{■) 00 01 00 o;i ()•_' 00 80 0.5 :i.-) Il),!)ti0,82.i L'}4,(J8,-, oi),Oyi) 1,07:5 1 1)0,000 10,919 87 .")9 .")0 00 00 1,0 17, .58;") iVl i,;5f)0,L'oi 01 $15,;J77,787 13G THE MOLSONS BANK INOOEPORATED BY ACT OF PARLIAMENT, 1805. IIKAl) OKKICB, - - - - MONTWKAL. $2,000,0()U0U PAID-UP CAPITAL, REST FUND. RESERVE FOR REBATE ON CURRENT DISCOUNTS, PROFIT AND LOSS ACCOUNT, $1,400.000 00 $80,000.00 $«2,652.17 $1,542,652 17 JOHN II K. Mol.SON. IW-.iii,iii. S. II. K\VIN(;, />.,•/■/,«„/,;;/. W. \l. KAMS.W. I SAMIFI. IIM.IA. III.NKN AkCIIUAl.l) I \VM. M, M A( I'll llKSi >N. j. 1' Cl.l'.dllOUN. r. WOI.I'KUSIAN IIIOMAS, (/,«,/,;/ M.inn^n-. A. D. Dl RMOKl), ///,/,,/,'/. II. l.oCKWddll, .!>iiii;ri NnUW II 11, ONI. -[. k W.VINWkK Ui((M Kvii ii;. ()M. i:. !•. KOIII,, •• ()l 1 \U \, Oni --.\ li Ilk tiikK K ("Al CARV, \l.MI.UIA -('.I'.O. C Ml OKllCok, •■ ()\VK\ SiH'Mi , Om -K W W Alli, (1 IN lilN, o.M - 11. c. iikK\vi:k, kllPi.K |ii\\ \. Om I-; i: WAkii, I:.\i.ii;k, ()NT.-N. 1). Ill klioN, ■■ Smiih'- 1- M.I , Om - !•. .\. ni'i'iii \i-: IIa.mii.ion Oni.-W. 11. DkAI'Kk. '■ Si 1 k 1 . 1 . 1' '.' -I. .Ml M.MloN, I.OMIIIN, Om. -p. \V. 1) IlkoDkU K, " Si. riiiiMA-., Om. -1.. K lAll.. MllAI null, <).\i. I) A. IIIKCISON, •• 'I'oKoMi), Oni. -( \V. ( I.IN( 11, Mc>Mi/. .lA iiii^,/ . WAlKkl.nd. Oni. -1. iii',si'i:i.i:k, Si . ( A mi; ^,^,.^,JK\V(;, JOHNSON, ,1/, ii'ii;i> . W'lwii'Ki;, Will IDS roiK, .Man. Oni. -c. llllkKSlokl) 1 M. M. (1 .\l(i, MiiKKisiiri M., OM.-i, \v, iio\v.\ki). " III', .U./iiii-if. iiii'i ii:. AGENTS. HkiTiMi (ii|i;miu\ H.WK Ol- HklllSII t'oMM H|.\. Maniioiia \nii iNuKiii Wi.M IMI'Kkl.M, l!.\Nk Ol' ( ANADA. Ni;\v liuiN^wiiK 1!.\.NK ol Ni;\\ liklNSWlCK Nkuihi Nl.l \Mi- li.VNk o|' No\ .\ S( t)ll.\. Niivv SiniiA- II.M.ll.W H.\NKIN(; ( I i\ll'.\N\ , ItANkol NAkMollll. Omakio -CANADI.W I'.ANk ol- CoM .\l likCK, DoMINlo.N |;.\NK, IMI'I klAI, l!.\NK o) ( ,\N.\|)\. I'KiNil. KiiUAkh iMAMi .\li:k( II \N'1S H.\NK Ol- I'. I-:, I., sr.M.Ml-'.kSIDl-', li\.NK. (JruiiKt -KASl'l.RN !'( )\VNS1I1I'S ll.WK. IN EUROPE. l.i.sliiiN -I'Akk'S li.WK, l.lMITKIi Ml•.^■^k-. Ml )kr( >N. kosi-: .v <•( >. l.ni.ki-iiiH -1111-; |{.\NK ol- l.l\ I'kl'ool., l.iMiiKP. OikK .MrNSlKk ,\: l.l-.INSri.k KANK, l.iMiiii.. KkANi I., I'Aki-. C'kKDIT l.MiNNAlS (iiJi.MAW, liKkiis -DKITS' III-: l!ANK. l:i.ii;ii\i, .\MWKKi--I.A 1{.\M,)1'I-; i)'.\N\i;ks. llAMlii ki,, Ci.uM.wv lll-:SSI'., M-A\\I.\N \ Co. IN UNITED STATES. Nkw \i.ki< -.MIX'II.XNU'S' N.\rioN.\l. li.\NK, \V \V.\TSoN, iiiiil k N . lIKIiDKN, } .li^rii/' Hank m- .Mun i ki-:Ai,. ( Mi.Nsk^. .MOkTON. lil.lSS \ CO. \.\rioNAI. ^.VW l!\NK. H. IS TON -SI ATI-'. NAI'IONAl. HANK. sri'l'Dl.k NAT. HANK, Klli|)l-;k, n,Al;o|i\ .S: I'O. I'likii ANii -CAS( I) NAI'ION.M, HANK. Clin Acii-l'IkST NATION.VL H.WK. Cl KVKi ANh-C'OM.MKkCIAl. N.M'ION.M. HANK. DKTkon-Co.M.MKkClAl. NATloNAl. r..\NK. Hi I I .Mil 1111. CriA H.\NK. Mil WA!Ki-;i. -WISCONSIN NATIONAL I! \NK < H- MII.W.\rKi;i-'. .MlNNKvi'iii IS I IkST NAIKiNAl. H.\NK. I'm Kl">- SI-:(()N|i NATIo.NAI. H,\NK. Hi III., MoNiANA IlkSl N.vrioNAI. HANK. (iKi.Ai I Alls, .Montana " Nokl II WI-.SIKkN N.MloNAI. H.\NK San l-kAMiMii .\Nii I'Aiiiir CiPAsi H.VN'K i il- HklTlSlI Col.l'.MHIA. C()i,i.K( rioNS .\iAi)i; I.N .\i.i. I'AkTs OF Tin; iio.minion, anh ki-;ri'kNs I'koMi'ii.N kK.MITIKI) AT I.OWKSI K.VIKS ol |;NCI l.\N( .1;. COMMEkCIAL 1.1. ;kS Ol-' CRKDIT .\M) TkA\ Kl.l.KkS' ClkClI.Ak l.KTTI-;kS ISSl Kl), .\\ AII..\HI.I. IN AM. i'.\kis Ol- Till-; woki.i). 137 IS i li THB MOLSONS 13ANK. PROCEEDINGS AT THE Forty-First Annual General Meeting (IK riiic SHAKEHOLDERS OF THE MOLSONS BANK, Held at their Banking House in Montreal, Monday, 12th October, 1896. Tfik FokTvFiKsr Annual C.kni.imi. Micktinci of the Sliaruliokkr. of Phc Molsons i!;ink w.is hd.l at llic liankin;; House, St, James Street, on Nromlay, ll'th Oc:tol)er, l,sy(.,al .'{ oVlo. k. 'I lie I'resiileiit, Mr. |uIm. H. K. Molson, occupied the chair, and among those |..esent were Messrs. II. .\rrhbald, H. Ilar'i.eau J 1' Clegliorn, David Crawford, John Crawford, S. M. Ewing, S. W. lowing, .Samuel Fiuley, A. K. CauU, Sir Joseph Hukson, W. M. Macpherson ((,)uehec), John W. Molson, W. M Ramsay, J. 'iVy Davies, R. R.Watson Daniel Wilson and James Wilson. The Chairman having railed the meeting to order. re,|uested Mr. James KWiaU the Local Manager to act as Secretary, and named Messrs. David Crawford and J. Try-Davies to act as Scrutineers, after which the Secretary read the advertisement convening the meeting. The (ieneral Manager, Mr. I'. Wolferstan Thomas, then ,ead the Annual Report of the Directors as follows : ' 'I'lIK MoI.SUNS ll\NK, MoNTKKAt,, IL'th Octoher, hSOC. r,|.;NTM£Mi.:N,-The Directors of The Mols.,ns Hank beg to subn::! to the Shareholders the i'orly First Annual Reixirt of the liaiik, lor the year endmg ;?Ulh .September. Alter making ample provision for bad and doubtful debts, the net earnings for the year amount to ^L'J!,OSI 5,5, which have been distributed by two semi-annual dividends of I per cent, each and a bonus of 1 I'er cent, making in all *l«0,000. From the surplus left, amounting to $ll,0St.5r,, and balance of *l3,.-.(i7.n-J, carrie.l over fioin last year amounting mall to $,s7,r,52. 17, the sum of. «2.-.,000 has been transferred to the Rest, making that accouni .$I,IUU,00(), leaving at credit of I'rolU and Loss Account $(;L',r,.VJ. 17 to be carried forward to next year The branches of the Hank have all been inspected once or ottener during the past year, and we are able to report that the different members of ihe staff continue to perform their duties with the utmost loyalty to the liank and to our entire .satisfaction. JOHN H. R. MOI,SON, /Wsidt'/t/. 138 lUJMjaUJMftaiiiiiijilBiftii'JIBjIIR^ PROFIT AND LOSS ACCOUNT. Uiilaiicc at cn.'ilii <<( I'ldt'it and Loss Aciouiil, .'Ktili Sc'|ituinl)i.r, H'.*") SKJ.fjOT til' Ni'l iiiiilit', for the year, alter tlcdiK'tiiin (.■\|iiiisi.s of iiiaiiancinLiit, ri'scrvalinii for intcnst aicnicil on dLposits, txcliangc, and iiroviMon for had and donlitful dcl)ts 22l,Ot'. $-.'<;7,ri,v2 17 A|i|iro|)riatLil as follows : Kist Dividend at rate of H per cent jier anntnn, 1st April, l.'; seconded the motion il was dei lared carried. The Scrutineers then ])reseiited the following report ; MoNlui-Ai,, iJih Ocloher, IS'JU. Ti> the General Alanni^er, The Miilsi/ns Bank . Siu, — We have the honour to report that at the .\ninial Meeting; ..: the Shareholders of I'he .VLtlsoiis l!,ink held this day, the following; f^entlemen were cUtcted l(j the lUjard of Uireclors: — iij'A'RV .\R(:ni;.\Li). I.XMIsS 1'. CLl'CIIORX, S. II. KWTNC, s.\mli;l I'lNLiov, JDIIN IL R. MOI.SON, W. .M. .MACrilKRSON, W. M. RAMS.W, DAVID CRAW LORD, j 'V/-//////,,r.. The meetin.u then adjourned. At a sul)',ri|iieiit meclih,^ uf the JMrectois Mi John IL R .Molson was reelected I'resideiil, and .Mr. S. II. Lwinti \'ice President, for the ensuiii'' \ear. l:iU 1:^ ¥ (iKNKKAL STATHMHNT 0/tke Affairs of The MoJsons Bank on the .lOlk Scptnnher, I SOU. Capital paid 111) Rest Accdiint KflKitc in lull on Noit- Disciuntn I'lolit iniii Loss Acconni LIABILITIES. $l,l()(),n()() DO $-J,ooo,ooo m Inior.'st, I'.xchan-r, \h-. , rcsfivcd , ^'1\m\ l)ivi(lri:,i Hon.ir, of One p <• i„ Shauhol.lcMs MiviiitMKls iinclai'iLil Notes ni Cinailaiion li.tlance due to DoniinM.n ( .owmnu'iit . I'l'ivinnal ( L Arinnn'nts I ••-■posits not ln'aiinu Imcrrsi Hcposiis licann- Interest Due to o'her i'.anks in Cana.ja Other Liahilities 1,.")1-',(m2 17 1 IS.MI-J ,S[ .S0,()00 Ou •-'0,000 00 (i.i!) 00 1,(1 ".'.I,!)!);-) 00 :2I,<)77 0.5 7,',i(is 07 I,r)(;i,i2;! o:; «,-M(i, lis IKS .•50.'), 177 2.-) S.'.tll 00 i 1^,0)7, i;i2 JO $15,-) 1(0, OS. I ;i; ASSETS. specie. M'jni!:;;.)n Notes. .f.'.Ui. ICi'.* M 7;iS,S72 2", Meposit wHh „on,nnon Covernntent to secure Note Cneuiatton " '^''"^oo,!o 00 Notes and (l„.,|nes,,f other lianks "t.ooo ()0 Due iVoiu other H.inks m Canada. l'on'iL;n .\,L;ents .\,L,vnts Ml Uniti'd Kui-doni ""'!"i'i"n (lovernnient Deheiuures Canadi.ui, Muniei|Ml and other .Seduuies Cnuadian, Ihitish .nui other Raihvay Seeumies ...'..' ("all Loans on lionds ami .Sto( ks .'i:il,!»l7 .12 lis,.");'.'.) Ii» Hills disc.iunled ,ind eurreni. '''"- !''"■! 'Ill ■ (cstnnh.,1 loss jirovidrd lor). Kca: L:st,ile olliei ih.in l;.mk I'reinises. , •Mortjiaj^es on Real 1 a.ite sold 1,\ ih,. l;.,nk li.ink I'reinises at Head Oliice aii.l Ihanehes 2.'),S,sO l.-| I01,;?7.-) 00 M! 1,5711 (111 7 I 1,00.") ,'<7 ."!ii;!,,s77 7(1 . .-^.'i.l"'''),*''.^!! .'il) I l,2(ij,7;'.:i .".;i ',)2,,^,S2 |.s 7C),('.20 Li l,|.').S ,si IKO.OHO 00 — 1 i,(;2(;,:;i>i d.s .•?l"t,r>!tO,0,x-l .■i7 140 WATERLOO, ONT. WINNIPEG. MAN. p Mil nHH THE MOLSONS BANK. INCORFORATED BY ACT OF PARLIAMENT. 1855. ITKAl) Ol'l ICIO, - = -=-, PAID-UP CAPITAL, REST FUND, ---.--. RESbJRVB FOR REBATE ON CURRENT DISOOUNTd, PROFIT AND LOSS ACCOUNT, M< )X'n\'i:AT.. $2,000,000.00 $1,500,000 00 880,000.00 - $26,820.68 $1,606,820.68 BOARD OF DIRECTORS. \V.\1. MOI.SOX M.VCI'IIKM.SOX, r.:snl.„i. s. II. KWiNi;. vir. I •,:. ,;,!,, ii. w. M. l;.\M.s.\^, .s.\Mri:L kini.kv, IIK.VMV AI!CIII!.\L1), ,1 1' CI.KClKili.X, II. M.\I!KL.\N1) MOI.SOX. V. \voi.i"i;i!S'r.\N I'lioM.x.s, i:,,„roX. W. II. DK.VI'Kl:. I', w. 1) i:i;ohUi('K. h. A. FKIICISOX. .I.\MKS KI.I.IOT, K. ('. I'K.M'T. .Iv-v St. I" W. (;. .1011 X.SOX, I.. W llOWAItl). 1!. KI.M(»T, BRANCHES M'liiitifi I . Ottawa, Ont .\. I; llCol H! K 'K. .1/.,,,-,. OwKN Sni Ml, Ont. .1 I!. W \ I X\V l!l( ; IIT. l,lii:iii:> , l'.i>i. ('. .M. M,cr.\l(l, IJllMiii'icuN, Ont. K. K. W.\|;|). Smiths F\i, I..-.. OsT. F. .\. l;i;TlirXi:. Soiii:i.. I'.(,i. .1. .\|, .\l.\lloX. St. TiiciMAs. Ont. L. K. T.\TK. TiPK.iNTd, Ont C. W CMXCII, Tmkmnt.i .Nt. Ont. S. li. ( 1 1;.\ II .\ \l, TiiKNinN. Ont. .1. K. Fll)|.i;i;, Watkhi,!!.., Ont. .1. IIKSI'I'.I.FI:, WiNNii'Kc. MvN. T i!i:i;i:sFoi;i) i'iii;roK •' \v.MM»Tni li. Ont. i;. w w.\r i>. AGENTS. l;i:nT-ii CoMMiiiA 1!.\XK OF ISKITISII ( 'OH'M lU.V MANiiiir.A ANi, XcikTM \Vi>T IMI'i;i;l.\l, l!.\XK OF CW.XD.V. Ni.\v liiiiNswi. K l;.\XK OF XFW lilMXSW ICK. Xi:uriii Nhi.AMi I'.AXK OF Xo\A SCO'I'I.V. X(i\ \ S.dTM- ||AI.IF.\.\ I'.AXKIXd CO.MI'.VNN . I'..\NK oF V.\ I! MolTII. ONTAiihi t'AX.\l)l.\X i;.\XK OF COMMFItCK. IKIMIXIOX l;.\XK, I M l'i;i: l.\r, I! AXK oF C.VX \l) \ TiiiNi K Knw Mil. l-nNh MKIK'II.XXTS r,.\XK oF 1' K. 1.. SIM.M IKSI DK l!\XK (>ii MiKr K.xs'rKiiX Towxsiiii's i;.\xK IN EUROPE. l.n-iinN I'AIiUS 1!.\XK I.IMITKl). .Mi:ssKv. MO|;'l'(»X, l;oSK ,v ( o. l.iviKirni, TIIK liAXK OF I.IV;::,l'oo|, l,!\IITi:|i (N.KK .NirXSTKl; \ I.KIXSTKl; l!.\XK 1.1 Mril'.l i FiMNii,. |'m;is socif.'i'i: (iKNFi;.\i,. ciMiuii' l,^(l^"^"\ls lii.uM VN1, I'.i !:mn liKl'T.SCIIF, l!.\XK II wir.i 1... IIKSSK. XKWM.W ,V CO i:i:i...ii \i, Antui.ki' I. a i!.\Xi,irK ir.\x\ i;i;s. IN UNITED STATES. Xi.\\ ^ nKK MF.cil.vXirs X.\TloX.\l. I'..\XK. Ditkoh S'lW'l'i; S.WIXkS 1'. \XK x.\ri(A'.\L ( ri'N i;.\NK. iiiinin 'I hi: CI! •^ ii.\xK IIAXo\i;i! N.\T|oX.\l. li AXK. .Miluiimi. \\I>{(iXSIX X\II0\\I. li\XK OF Mi>sK>. .MoKToX, KI.ISS >V CO. .\l I I.WAIK KF,. MdsTciN SI'V'I'F. X.VTloXAl, l;.\XK .\Iinnim mi- FIIIST X.\TloN\l. liVNK SlFFol.K X.\lloX.\l. l:\XK XollTII WKSI'I'.KN X.\TloX\l. UK KIDIIFI!, l'l;\IUHl^ .t CO. Toi.KiMi SF.COXI) X.\TIOX.\l. li \\K FriKTHNi, C.\S((i X.VIION.M, II.\XK Hi TTi„ Mi.NT\N \ Fllisr X,\Tlo\ \l, 11 \XK (III. \,;,, FlIiST X.\TIOX.\l, IIAXK. SvN Fk\n,i>iu \ni, I'm mi. C,.vm liWK oF ci.i.Mi \Ni, ((i\i\ii;i;ci.\i. x.\iiox.\i. li.xXK HiiiTisii i (»i.r\iiii.\ COl.l.FCTIoXS M.MtK iv Al.l. I'Ains oF llli; DoMINloX. .\Xli liKTI'llXS l'l;o\l |•■|'l.^ I; !:\| ITIFI) .\T i,('\vi;sT i;a ri:s of KNcii.xxi.h: COM\li:i;( |.\|, I.KTTI'IIS o|(|;i;|iri' .wn Tl!A\ KI.I.KKSCI l;cl 1, \ |; l.KTTIiliS lssn;|i .W \| I. \|i| |- ix .\i.i, I'Airrs OF iiii'; wokld. I li ■ THE M () LSO N S 1 3 A N K . PROCEEDINGS AT THE 11 Forty - Second Atintial General Meeting oi- Tin: SHAREHOLDERS OF THE MOLSONS BANK, Held at their Banking House in Montreal, Monday, 11th October, 1897. Till-: P'oKrY-SKCoM) Awnuai. ('iF.nkr.m, Mkktinc. of the Shareholders of 'I'hc Molsons I'>;ink, was held at die Hankmg House St. James Street, on Monday, iltli October, l!^i»7, at It o'clock. The President, jMr. W. M. Macpherson, o.rupied the chair, and ainonj; those [iresenl were Messrs. S. li. ICwinj,', Vice- President, |. P. (,'lej;horn, W. M. Ramsay, Henry Archhald, S. I'inley, H. Markland .Molson, Thomas Kirhy, |. i'ry Davies, James Wilson, K W. Shepiierd, J. W. .Molson, llerlicrl Molson, (!eori;e Diiinford, [ohn ( "rawtord, John Molson, i'reil. Molson, 1 )avid Crawfortl and (" Iv (ludewUI. Tiie I'residenl, having called the meelinj; to order, requested Mr. James Elliot, the Local Man'';,'ei, to act as secretary, and, after that gentleman hail read the advertisement convenin;^ the nu'ctini,', the I'residenl named Messrs. David < 'rawlord and J. Try-Davies to act as scrutineers. 'i'hc ("icneral Manager, .Mr. !•' W'olferstan 'I'homas, ther read the annual re|iiirl of the jiuectors, as follows ; — 'I'ni'. .Moi.soN.s Hank, .MnNTKKAI., 1 1 til ( )( tol >er, ISO? " (ii-.NTi.iMi.N, — The Directors of The Molsons Piank hei; to suhmn to the Shareholders the lorty second annual report of the P.ank for the year ending .3ltth Se|)teml)er. "The net earnings of the year, after making ample provision for bad and doubtful debts, amount to $2.'')'.), 17".-")1, which have been distiibuled by two semi-annual dividends of I i)er cent, each, and a bonus of 1 per cent , mr.king $1S(},(»(W in all. " The suri)lus let't of $7'.', 177.51, together with the balance of $l)J,r).">'2.17 carried over from last year, making altogether the sum of .$ I 1 1,. ><■_".). OS, has been distributed as follows :—?? 100,000 carried to the Rest, bringing that account up to .'i)l,.'')00,000 ; $!.■">, 000 has been applietl on bank premises recently a<'i|inred, and ,$■_'('(, S'j;). OS remains at credit ol Profit and Loss account to be carried forward to next year. "The br-.iiches of the Dank iiave all been inspected once or oftener during the year, and we .ue ple.iscd lo be able to sa)' that the staff, as a whole, continue to work faithfully and with every desire lo foiw.ird the welfare of the liank. " W'e have i'\|)erienced for some years the want of :i branch in the city of (^)uebec, and this y(Vi tl.e opportunit) olTi'red itself and a suitable property was secure<4th do do do Isl O. toher, 1S!)7 80,000 00 1 per cent I'.onus, 1st ( )clober, 1897 20,000 00 Rest Account 100,000 00 Ap[)'ied on Hank I'remises recently a((iuired ir),000 00 2 Dr. 000 00 Leaving at credit of Profit and Loss Account, .'50tli September, 1S'.)7 .fj I ■.>•_". I (;,s The Prksidkni moved the adoption of the Report, which vvas seconded by M k. S, II. IIuini;, the Vice-President, and formally a loptod. Mr. John CkawkcRU ih i moved; That the thanks of th.; Shareholders are due and arr herebv tendered to the President, Vice President and Directors of \\k- li.mk lor their attention to it-, iniciesi diiriiii: the year just closed. Mk. Jas, Wilson having seconded the motion it was declared carried. The Si rutineers then j-reseiUeil the following report : .MoNTiM.Ai,, 1 lib ( )(tobe'. I"^:t7. y\> tilt: Cuiieral M(inaf;er, Tin Miihons Jiank . .Sir, — We have the honour to rciiort lliat at the Annua! .Mtetini.' of th.- SharrholdLrs of the Mi>lsons Ikmk held 'his day, the following gentlemen weie elected tc the H.uri ot Directors : - ni-\Rv ARciiiiAi.n, jA.MHs p. ci.i:t;n()kN, S. H. F.WINd, SAML'i:i. FINI.KV, \V. M. MACPHKKSON, 11. ;\I.\RK1,AND M()|,S(»N. W M, RAMSAV, 'I'he meeting then .idjournei I I RV i).\vii:s, I DAVID CRAWFORD, j Sini/i'/idrs At a siibseciucnt meeting of the Directors ,\Ir W .\1 .\lac|.hersoii was re-elected President , and .Mr. S. H. l'".wing Vice President, tor the ensuing _\ear. 143 ■^SBsaattiwsa,. GENERAL STATJ:MENT Of the .Ijjairs of The Alolsoim Hank on the :U)ih Sri>leni,hcr, ISO;. C'lpital |);iid Ml) Rest Account RcIkiIc ill t'lill oil Notes Discounted I'toIU aiiil Loss Accuuiit ■•^Itli DividciKl lioiiiis of one |>. c. to SlKiiehokleis . Dividends uiiclaiined Interest, Exelianne, \c., reserved Xotes In Circulation Halance due to Dotiiinicjii C.overiinieiit. ''lo^inci.il (iDveriiiiK.nK I'e|)osits not heaiiii- Imprest Deposits hearing Iiikresl 1 'ue lo other llanks in CiiKula LIABILITIES. $■.',0(10,000 00 $i,r)00,()oo 00 .so, 000 00 ■2(),S-2\I (;,s 80,000 00 ■20,000 OO 870 00 !?rj7,ii.") -js l,8'.t!),S-J'J 00 20,!)-)! I.-. lo.duT r.) l,8l(l,;i-j(; s:', 8,8;5L',(i:)8 7(1 L'i;t. IM) .V.I i'07,t;',iii ('>8 lL',!i87,L'78 -iO $1 (;,•;!( i,<(78 08 .•specie Doininion Notes. ASSETS. $107,811-) r.7 . 8.ir),(i:io "lO l)eposii will, l»,,ininioii ( iovernnient to secure Ncne ( -irculntion Njles and (:iic(|ues of other Hanks Due hoiii (jiher Hanks ni Can.ida " l''orei,un A^riii-. At,'eiils in L'niled Kin-iloni Dominion ( loverniiunt Dehcntures Canadian Municipal ,ind other .Securities Canadian, llniish and olhei Kailway Securities Call Loans on lionds .nul .Stocks . liilK discounted and curreni liill-. p.isl due (estiin.ited loss provided (or). Real Estate other th.in Hank I'leniise^ .Morl-a-es on Real I'',slate sold |,y the Hank Hank I'leiinses .n Ue.id Ollice ,ind Hi.inclies Oilier A.ssels ■-l,LM2,!ili') 17 l(J(),0(Xi 0(1 ;i7l,si;i 17 i;i I, (;.!;! 77 '.i8t,(;r>-j 10 :>\K),oi}'.\ ,p,s 10l,:{7:) (10 .'')M>,(),-:! 'J7 (')'.)7,'.ii 1 m 707, -JO J 7('. • $■',:) ir,. 7 M' ;u . . .^IO,ii'.ii,-_'(i;; 07 'j(;,.')ii iL' 7os:\:, SI 2,01 1 "..'. lito.ooo 00 2:>,:>7\ lit Il.:i7'.t,l!i.-| 77 .•?ir.,(i'Jl,!t78 08 lit THE MOLSONS BANK. INCORPORATED BY AOT OF PARLIAMENT, 1855. HKAL3 OFFICE, PAID-UP CAPITAL. REST FUND, RESERVE FOR REBATE ON CURRENT DISCOUNTS PROFIT AND LOSS ACCOUNT, BOARD OF DIRECTORS. WM. MOI.SON MACI'IIKKSON, /'/, v/,/,///. S. II. K\VIN(;, n„:/W.-.K>. MOkToN, CIIAri.IN .V (d i,ivi,ki'..(,i --■nil-; i;.\\K or i,i\ i;ki'ooi„ i.iMrri'i) ( .IKK .Mi-NSTKk & i.i:i\.sri;k r,,\\K, i.i.Mirii) iKANd., I'AKi.-.SoCII-.TK lil'.NKkAI., CkKDIT I.N'ow.Ms (.KKMwv, Ki.ui iN-l)i;r'lS(||K HANK. llAMiiru,, — ||i:.s.Si;, MAVM.W \ C'O. I!i;i(;n\i, A\ i u Kur -I..\ l;.\N(jri-: 1 )'AWI-:kS. , , , IN UNITED STATES. M.U ^'■'--^'^<:j;,\^'«>;'.nat'«>nai. i;.vxk, UKiK,i,i-yr.vn-; savix.is maxk. ^.\ 1 loXAl, ( I 1 \ I.AXk. liii I \i(i— Till' CITX' UAXK Mi"':'"M;)ri\T("^,-^l"^">' MnuA,,:.,!"w^n)xs;^'\.vrioxAi. Ml.vsU^. MOklOX, lil.l.S.S \ ( O. ,||, Mil \v MK-hl- '""'"~Srm^l^^Vu^i\^ IV^^'^v,- MiNNi :a,.,i, . -i'm^VnaI ".XAI. HANK. K iiuik ir\; nv Vro •,• , '"^"Ki'i-WhsiKkx xatioxai. hk. [•;'.';-;^;:AM:-'^r.u^fv•'>V^^l^l'.■','■''''''■i'"': '"• 'l^'-l"'' AM> TkAVFI.I.Kk.S- ClkCri.Ak I.FTTFRS ISSIMi \\aI1 M'IF IX .U.L I'Akl.S 0|. ri||.: Wokl.I), ALSO "I'.AXK MOXKV OkDFk.S" I'wVlIF \T \I 1 ii\X-KIXr I'OIXTS IN TIIK DOMINION, (,( ISIDF OF TIIK VU K. X V 'ik ^^^^^^^ n.\M.l\(, HAXK the: molsons bank. PROCEEDINGS AT THE Forty-Third Annual General Meeting OK I II li SHAREHOLDERS OF THE MOLSONS BANK, Held at their Bankincj House in Montreal, Monday, 10th October 1898. I ..K I'CK 1 V- 1 M.Ki, Annua,. Ci.nkk.a,. Mkkiino uf ll,c Sharcl.uklcrs of The Molsons l!;i,.k was held at the l,aMkm;4 House, St. ja,„es Street, on Monday, lOth October, 1,S9S, at :! o'elock. The President, Mr. \Vm M., son Maepheison, oeenpied t]>e chair, and among those present were Messrs. S. II. Kwing, Vice President! .1. (.leghorn, U. M. Uan..say, Henry ArchlK.l.l, S. Kinley, II. Markland .\lolson, Thon.as Kirby, J. Try- )av,es, Jan.es Ui son R. W. Shepherd, J. W. Mol.son, Herbert Molson, George Durnford, Join, Crawford. John Molson, I-. W. Molson, Cleorge Copland, R. R. Watson, Henri liarbeau and W. R. Miller. ■ The President having called the meeting to order, requested Mr. James I.'JIiot, the hocal Manager, to act as Secretary, and alter that gentleman had read the advertisement convening the Meeting, the President named Messrs. J. Tiy-Davies and R. W. Shepherd to act as Scrutineers ows : The Cei.eial .Manager, Mr. Wolfeistan Thomas, then read the Annual report of the Directors, as fol TlIK Moi„S()NS li.XNK, M'oNiKK.Ai, lUth October, I«!)8. <;LNiu...MKN,-The Diiect.Ms beg to submit to ,he Shareholders the Forty-Third Annual Repoit of tl.e bank lor the year ending ;iOili Seiiteiiiber. Alter making full provision for bad and donbUiil debt.s, the earnings lor the year amount to $->M 111 I 27 which have been applied to payment of the usual ,S p.,- cent, dividend, and 1 per cent, bonus, ^ISu'oOO- in' deduction o( Hank Piemises Account, 825,000, and balance added to Profit aiul Loss Account, which now stands at $M,020.'jr). All branches of die Hank have been ins[)ecled once or oflener during thv year. n order to avail ol the expansion of trade in our Norlhwesl, now opening up, we have since last meeting established branches at Vaiuouver, Victoria and Revelstnke, in Hntish t:ohnnbia ; and at Sinicoe, in Ontario he results so lar have of ne.essily entailed a loss, but ih..' Hoard were convinced of the need of establishing these braiuhes, not only to protect business at other points, but to afford employment for the Hank's increasing resources. I hey have every reason to believe that their anticipations in both directions will be fully realized. WM. MOLSON MACPHKRSON, President. tk; : PROFIT AND LOSS ACCOUNT. balance at credit ol I'rolil and Loss, on 'Mhh SL-pteiiihcr, 1S!)7 *■;,; ,si;<.i ch Net profits for llu; year, after deducting expenses of management, reservation for interest accrued on deposits, exciiange, and provision for had and doubtful debts $259,191 27 Appropriated as follows ; 85111 Dividend, at rate of H per cent, per annum, 1st April, ISIIS $S0,n0O 00 '^'•''i ^- The meeting then adjourned. At a subsecpicnt meeting of the Directors .Mr. Win, Molson .\Ia(-piierson w.m reelected President, and Mr. S. II. living, Vice-President, for tlie ensuing year. 147 (iRNKRAL STATEMENT Ojthr .>lj}„ir.s of THE MOLSONS BANK i>ii. /hr ,10th Sr/demhcr, J.WS. LIABILITIES. (^ipilal paiil up Rest Accoiml Rebate in full on Notes I Jiseoinited Profit and Loss A 7f 602,513 00 ll,70f),S7! l;{ H.5,71li 21 87,1S1 57 2, 1.31 CI] 190,000 00 17,910 H .*5,1|S,210 11 -!?I2,120,140 71 $17,2;?S,;!50 82 11; *i*tewfe6*; WOODSTOCK, ONT. r n IMAGE EVALUATION TEST TARGET (MT-3) « {./ ^O ^ <% /. <\ii^\^. ^ (/. (/JL W 1.0 I.I *-illM ilM 2.0 1.8 IM m S40 1-25 1.4 1.6 ^ 6" ► Photographic Sciences Corporation 23 WEST MAIN STREET WEBSTER, NY. 14580 (716) 872-4503 :^.< ^ fc ^ '^ .<> THE MOLSOiMS BANK. IKCORPORATED BY ACT OF PARLIAMENT, 18S5. HE An OKFICtC, PAID-UP CAPITAL, RBST FUND, ------ .ai a-Ab ooo on RBSBRVB FOR REBATB ON OURP'^NT DlSOOUNTd 80000 00 PROFIT AND LOSS AOOOUNT. - "*°"""«^**. is'.ooo."? MONTREAL. $2,000,000.00 81,720.006.47 BOARD OF DIRECTORS. W.M. MOLKON MA(;i'HKK8()N, rnsidnit. S. H. EWINO, Vm'I'iviuUul. HKNin ARCHBALI), | J |.. (JLKtiHOKN, H. MAKKLANI) MOhSON. F. WOLFERSTAN THOMAS, (lrn,r. FIDLKR, CAr/!AKV, Ai.TA. -W. ('. RHODKS, (!iiKSTKKVii,i,K, Ont.— H. P. I). KVANS, Clinton, Ont. H. (J. HRKWKR, KxCTKH, Ont.-^-N. I). HURDON, Fkaskkvii.i.k, Qi'k. J. H. A. BOUDRKAU, An,, Hamilton, ()nt.~ W. H. I)RA1»P:R, Hknsai.i,, Ont. Sah-Ai/enn/. KiNUE D'ANVKRS. >A. Nkw Vouk ME(;|IANICS' NATIONAL BANK. national city bank. hanovior national bank. the mor'ion trust co. Boston-state national bank. suffolk national bank, kidder, peabody * co. PoktlandCASCO national BANK. Ciii.A.io FIRST NATIONAL BANK. (•i.KVKLAND— COMMERCIAL NATIONAL BANK IN UNITED STATES. Dktuoit STATE SAVINCiS BANK. BiKKALo THE CITY NATIONAL BANK. .MiLVAiKKK WISCONSIN NATIONAL BANK MILWAUKEE. MiNNKvioLis-FIRST NATIONAL BANK. NORTH WESTERN NATIONAL BK ToLK.M. SECOND NATIONAL BANK. BirrK, Montana -FIRST NATIONAL BANK. San Fkaniisco and Pacikic Coast BANK OF BRITISH COLUMBIA. (►F COLLECTIONS MADE IN ALL PARTS OF THE DoMINlo.v; AND RETURNS PROMPTLY REMITTED AT LOWKST RATES OF E.\(;HAN(iF ■'■■•ir.i. COMMERCIAL LETTERS OF CREDIT AND TRAVELLIORS" CIR< ULAR LETTERS ISSUED AVAII ARI E IV ALL PARTS OF TIIK WORLD, ALSO "BANK MONEV (.KDERS PAYAB I AT BANKlNt; POINTS IN THE DOMINION, OUTSIDE OF THE YUK()N TKRR^^^^^^^^ 149 THE MOLSONS BANK. I'KOCEKDINOtS AT THE Forty=Fourth Annual General Meeting OK THE SHAKKHOI.OBKS OK THK MOI^SONS liANK, Held at their Banking House in Montreal, Monday, 9th October, 1899. 'I'liE I'ORTV-FouRTii Annuai. CiENicrai. Mi-KTiNt; (>( the .Sharcholilors of Tlic Molsons l>ank wns held at the Banking House, St. James Street, on Monday, ihh October, at ^ o'clock. The I'resident, Mr. \Vm. Molson Mac|)herson, ((Jiiichec), orciipied the ciiair, and among those present were; Messrs. S II. Mwinu, Vice I'resident, Henry Archiiald, |. 1*. CIcghorn, W. M. Uamsiiy, Samuel Kinley, H. M.arkland Molson, directors; John (Irawford, Cieorgc Durnford, Dr. (1. \V. I.ovcjoy, ('. K. Spragge, J. Try-Davies, John \V. Molson, A. K. (lault, Henry Hogan, R. \V. Shepherd, David Cr.awford, James Wilscm, Daniel Wilson, K. H. Copland, J. X. Perrault, IC. J. ISuheau, Mrs. Nora Rvnns, and others. The President, having called the meeting to order, rciiuested Mr. James IClliot to act as Secretary, and after that gentleman had read the advertisement convening the meeting, the I'resident named Messrs J. Try Davies and R. \V. Shepherd to act as scrutineers. The Secretary then read the Annual repr^rt of the Directors, as follows; The Mni,si>NS Hank, MoNtKi-Ai., iltli Octoher, 180,000.00 C!arried over at credit of Profit and l.o>s .Account l.'),!)Oi). 17 To avail f)ursclves of the increased prosperity ni the country, .md in onkr to retain business, the Directors, since our last .Annual Meeting, have opened new branches at the followmg places: Alvinston, Chesterville, I'Vaserville, Heiisall, Kingsville, Knowlion, I'ort .Xrthur, X'alieyfield, Vietoriaville, and so f;ir as we can judge the results (iromise to be satisfactory. The business of the different iiranches of the Hank for llie past year has been increasing and profitable, and your Directors are pleased to testify to lin' conliruied l.ntiifuliiess ;ind /.e;d of the ollicers as a body. \'ou will see by the addition to Dank Premises Accoimt, and an appropriation of $.''>0,00() for the same, that the Din ctors have been acquiring our own buildings wherever it couUl be jirofitably done. In order to establish the Hank in British C'olumbia, a fine building has been erected in V.,ncouvcr, which affords us safe and handsome (juarters and brings in a f.iir revenue. At our last Annual .Meeting, reference was made to the robbery of ^ii'.'.OOO from the treasury of our Winnipeg branch. We are pleased to be able to say that the l)ulk of the stolen money is now lodged in our vault. A former junior clerk at Winnipeg Branch, accused of the robber), is now in jail awaiting his trial, which takes place about the Isl of next month, in Winnijieg. You will sec by the notice calling this meeting th;it the Directors consider the time has arrived for increasing the Bank's capital, anil a by-law to that eflfect will be submitted for your approval. (Signed,) WM. MOLSON MACPHF.RSON, Prfsi'drnt. 150 PROFIT ANO LOSS ACCOUNT. Halat cc at credit of Profit and Loss Account, SOtli September, Itf'JH $ 81,020 95 Net profits for the year, after deducting expenses of nianaj,'eiiient, reservation for interest accrued on deposits, exchange, and provision for bad and doubtful debts 289,888 52 $ 370,901) 47 Approjjriated as follows : — 87th Dividend at rate of 8 per cent per annum, 1st April, 1899 $ 80,000 00 88lh " do do 2nd Octol)er, 1899 80,000 00 1 per cent lionus, 2nd October, 1899 20,000 00 Added to Rest Fund 1 25,000 00 Applied on Bank I'reniises recently acquired 50,000 00 355,000 00 Leaving at credit of Profit and Loss Account, 30lh September, 1899 $ 15,909 47 Tlu- rKl>liii;\ I iHiivcd Ihf cidnpliiin iif iliL- Ki'piirl, wliich was sicimdcil liy Mr. S. II, Kwim;, ilic Xii'e-l'rf.siili'iit, anil rurmally adopicii. A i(iii nil ilici|iiislii>iinrincri.'asinnllR- Hank's capital lollinu'd, in «lii,li Mk. Ii>ii\ ('KAWidKO, \Ik. \'.. |. liAKliKAf, Mk. |. W. Mi)Imi\,Mk. I. \. rKKKAi-l I, Mk. A. 1'. CiVi I I, and Mk. j.wii.s Wii.s.in tmik pari. All fLfcrrcd IdIIr' favcualile u|Hirt niailc. Mh. CkaxMukIi winl on to clisiiiss the new issm- of slcick, which In- umdd like to mc issued al as low a preiiiiuni as |H.ssilile, hill was ready to vole on the iiioiion, thus leaviiif; the iiiatler in llie hands of the new Itoard. .\ niolioii was made liy Mk. (Iai II Io increase the Capilal liy $1,000,000.00, when Mk. Ckawiokh siihmitied an aiiiendineiil niakint; il $f.00,000.00. Al tlie rei|uest of several slockholders and willi the approval iiflhe i'resideiil, as the Directors did nut proiK)se calliiii; up more lliaii $500,000.00, Mk. ('.All I aj,'recd Io the anieiidmenl. The followiiij; resolution was then inoveil liy Mk. .\. 1-. (lAil I : " kesolved, that llie following liy-law of the Ikink he adopted : " Hy-law (i»). Whereas it is expedient that the capital stock of the liaiik should he increased, lie it therefore enacted liy the Shareholders of the Molsons jiank assenililed al the Annual ( ieiieral Meelinj; of the slid Hank : " 1. That the capilal stock of Ihc .Molsons Hank he, and the .same is hereliy increased liy the sum of $,''jOO,000, dividei) inlo 10,000 shares of $riO each. " '2. That the said increased stock shall when the Directors so delerinine, he allotted to the then .Shareholders of the Hank, pro rata, al such rale as is li\ed hy ihe Diri" tors, hut no Iraclion of a share shall he allotted, and the allotment of the said shares shall lie sulijecl in all tespects to the provisions of the Hank Act. " y. Any allotted slock which is not taken up liy the Shareholder to whom such allolmenl has lieen made, within ti months from the time thai the notice of the allotment .shall lie mailed Io his address, or which he declines to accept, and also any shares which shall nol lie allotted liy the Diiectors, liy reason of the prohiliition conl. lined in the Hank .\cl against the allolmenl offraelions o( a share, may lie oliered for suhscriplion Io ihe pulilic in such a manner, and on such terms as the Diiectors may iirescrihe. Mk. (! Al'l I said that he had much ]ileasuie in moving the resolution, and he was ipiile satislied Io leave it in the hands of the Directors as to the premium at which Ihe stock should he issued. Me lelt coufident dial the Directors would lie very prudeni in Ihe mailer, and helhouyht that all the Shareholders present woi.ld he ipiile willing to leave the matter in their hands. The motion fur the adoption of Ihe hy law was .seconded liy Mk. JAMlis Wll.suN, who re-echoed Mk. (lAUI.rs remarks, and curried unanimously. .Mk. ImiN (KAWl'iiRli then moved : "That the thanks of the Shareholders are due and are hereliy tendered to the rresideni, \ice-l'resident, and Direclors of the Hank for their altention Io its interests during the year just closed.' In making Ihe motion he paid a trihute to the (ieneral Manager, anil asked to lie allowed Io include his name in the resolution, which was grained. The molion was seconded hy Mk. D.vmei Wit sun, and was unanimously cimcurred in, after which it was duly ackimwledi/ed liy Ihe I'residenl. ' '^ The (ieneral .Manager, in a few words, |ioinled out thai even if the slock was issued al Tfi [ler cent., Ihe figure which he undeisliioil had lieeii iliscusseil ou|,i(le, there woulil lie, al recent stock i|uotalions, a sum of aliout $180,000 to Ihe lienelit of ih.i Slockholders. In referring to the liuildiug at X'anrouver, the (Ieneral Manager |xiinted oul the necessity of making the Hank known in Hrilish t'olumliia, and look occasion to refer to the disadvantage we lalKiured under in not having a name hearing some terriUirial oi uiher alUichmeiit, as most lianks, ami related the iroulile this caused when lirst o|Kiiiiig hranches in Western ' )nlario some ihirly years ago. | je called attention to ihe increase in discomils Irom Jl, 100,0(10 when he lirst joined, to ^l:),7fiO,000, and the deposits Itom $fi!l!i,liOO Io $l2,fi.'-|0,000, and circulation from ?;iO-.',r.iM» to $l,li:i.'-,,fi4ri. lie staled that the Hank Act prevented Ihe new stock heing issued over a premium ei|ual to the presiiit Kesi, and -aid that the usual calls were ten per cent, each month on the nesv slock and premiimi, liut that the whole or a laigei |iroporlion than 10 per cent, might he [liiid at any lime e- -vhicli Ihe customary dividend would lie|iaid. The meeting then proceeded to the eleclioii of Directors, after which the Scrutineers presented Ihe following Ke|)ort : '/ii f/u Iniuntl .)/ciii,ix,>, MiiXIKKAl, 9lh Oclolier, lS9!t. /■//I .I/11/1D//.1 Inllll- SlK, We have llie honour to report llial al the Annual Meeting of ihe Shareholders of The Molsons Hank held Ihis day, the lollowing gentlemen were elecled to the Hoard of Directors ; IIKNUN AK( IIHALD. S. II. liWlXC. ||. MAUKI.AND MOLSON. JA.MKS P. CLDCIIOKN. S.\Ml'K.l, IINM \. W, M. RAMSAY. WM. MOI.SON MACI'IIKUSOX. J. TK^.DA\I^.S, > ,, ,. K. W. SHi;i'IIKKD, / ■'•"'""'""■ The meeting then adjourned. Al a suljsec|Uonl mecling of ihe Directors, Mr, William Mulson Macpherson was reelected President, and Mr. S. II. lowing Vice- I'residenl for the ensuing year. 161 GENERAL STATEMENT Of the ^Iffairs of THE MOLSONS BANK on the iiOlh Se/jtember. 1S90. LIABILITIES. Capital paid up Rest Account )||,C,-2r.,0(J0 00 Rul)atc in full on Notes 1 )iscounted yo yoo 00 I'rofit and Loss Account j_r, (jyy jy «f