The sun., 1919-08-05
CANADIAN FINANCIAL NOTES

Victor Ross, assistant 10 the president of
the standard Oil Company Of New Jersey. has
Company of Canada and q director and vice
president of the international Petroleum
Company.
THn New York Sun ia generally regarded
as the brightest daily Newspaper in the
United States. Its editorial opinions are
considered among the strongest
Post. Toronto.
General Manager Sir Frederick Williams
mos, dist,nsuished Canadian fnSneiers. is
now on a visit TO the Canadian West, his
trip extending 10 the coast Sir Frederick
has been connected with many Of the moot
important financial transactions effected pre-
yious 10 and during the war in the Dominion.
II was he who in 1915 made notable achieve
ment BY going to New York aed negotiating
a SIS, 900 loan, which marked the creation
Of the Dominions first obligation outside OF
London; 1t marked also the largest i I.nn
ager OF the London. England branch of the
Bank Of Montreal and IN this capacity ~ se ssd
Of 1913. During these years Canada rolled up
the huge sum OF i2.sooo, 900. which was oor-
states tSa, Of this large amount iuliy half
was placed through the Bank OF Montreal
under the direct supervision Of Sir Frederick
as MANAGER In January OF 1918 ne was
knighted by his Majesty the King. In Sddi-
ton 10 being general manager of the Bank
OF Montreal Sir Frederick Is director OF
the Allan Line Steamship Company, Liver
pool. and London and Globe Insurance Com
pany, Royal Trust Company and vice presl-
dent OF the Canadian Bankers AssoSlstion
He 10 also Q member of the leading duoS OF
Montreal, London. Toronto and OTTAWA he
entered the service of the bank in 1878
The Royal Bank of Canada announces the
opening Of the following branches: ChNs.
worth. Ont, A. A Hutehison MANAGER:
a ainqieE; Sn' Ont. g. IOSsss %snsssr
manaser. A branch has also been opeDed
ing sub-branches have been opened: Beulah.
sub-branch to Isabella. Man; biuesky. SUD
branch 10 Peace River. Alta; Ranfurly. sub
branch to Lavoy, Alta
Sir Edmund Walker. president OF the Cana
dian Bank OF Commerce, who has peen max;
Cores arrived at Victoria. B. c.. during the
last week With him were Mr.. Logan, head
of the banks foreign trade oepsrtment. ana
The party left Victoria last March. Sir Ed
mund and his party were met by the Hon.
John Hart. Minister OF Finance, and Sir Sohn
msrce. who went West to meet his chief.
supplementary letters patent have bean
Issued changing the name OF the Allied Pack.
ers OF Canada, Ltd, 70 that OF the Canadian
Packing Company. Ltd. The Allied Packers
of Canada was incorporated only about q
ests Of the Allied Packers, Inc, Of New York.
The July issue of Houston's Bank Dirsc-
tory shows that at the end OF June there
were s97S branches OF the Canadian char
tered banks in Canada, these being situated
81 in, Ontario, ,00a in Quebec, l43 Nova
Scotia loo New Brunswick, 81 Prince Ed
ward Island. ais Manitoba, Sso Alberta, 6S7
Saskatchewan. 1856 British Columbia and in
Yukon while in Newfoundland there were 81
branches and elsewhere los, which makes the
total number Of branches 4.10.
u. w. Jones Of the winnipeg branch Of the
Sterling Bank has been transferred to the
branch at Kelwood a. taller. while h. Rob
srtson, also of the Winnipeg otfioe, has been
transferred 10 the branch 81 BrookdAls a.
teller.
At present there 10 taking place the biEgest
lumber movement from British Columbia to
the United States In years. according to local
railway officials. Britain Columbia shingle
mills also report big volume OF business
with the United States.
II is announced by the governor and com.
n,ittee OF the Hudson's Bay Company that,
subject 10 audit, the balance available will en-.
able them 70 recommend further distribution
Of Is per cent and a bonus OF 10 per cent. on
the ordinary shares OF the company, making
with the interim dividend Of 10 per cent. PAID
in January last, a total distribution OF i5 per
cent. for the year ended May 81 last. or these
distributions 20 per cent. IL In respect Of the
receipts OF the Land Department, payable free
q income tax the remaining Is per cent: and
,pseAn q saAA - lalslal - total aisaAba,