The report for the year 1910 presented
at the annual meeting at Collingwood,
Ont., Jan. 31, showed that the
gross earnings of the two steamers were
$104,140.52, and operating expenses,
$68,517, leaving a net balance of $35,622.98. The assets are placed at $438,444.30, the steamers valued at $404,495,
being the chief item. The liabilities,
besides the capital stock, are $121.175
leaving net balance of assets over liabilities
Following are the directors for the
current year:—President, T. I. Thompson,
Owen Sound; Vice President, E. M.
Wayland, Fort William; Secretary-Treasurer
and Managing Director, G. E. Fair,
Collingwood; other directors, D. D.
Lewis, W. E. Allen. E. Stubbs. G. P.
Pearsall. M. Snetsinger, Dr. Shultis, W.