Squibb Building (New York City) First Leasehold 1944 Sinking Fund 6%% Bond Certificates Amount: $4,500,000. Dated: July 1, 1929. Maturity: July 1, 1944. Interest: January and July 1. Denominations: $1,000, $500 and $100. Taxes: 2% Federal--Minn.,, Montana, Penn,, Conn.,, Vermont, Calif, Oklahoma, Maryland, Dis. of Col, Mich., Colo., Kas. Ky., Wyoming, Nebraska, Virginia, New Hampshire, Mass. Redemption: For Sinking Fund 101—otherwise 102. Trustee: Straus National Bank & Trust Company. Appraised: Kenneth Slawson Hobbs, Inc., $6,800,000. Assessed 1930: Land, $4,200,000; building not completed. Security: Leasehold estates in plot of ground on the southeast corner of 58th Street & 5th Avenue, 118914” x 200’, irregu- lar, area 21,929 square feet—subleased by Obligor from an original lessee. Lease expires in 1950, with two 21-year renewals, ground rental, after 1932, to maturity of bonds, is $295,000 per annum, Option to original lessee to purchase fee, after May, 1939, at an appraised value, but not less than $4,915,000. Frederick Brown, president of original Lessee, guarantees to sub-lessee (Obligor on these certifi- cates) performance of all the terms and provisions of the original lease, including purchase of fee. The site is im- proved with a 32-story stores, office and showroom build- ing, completed within last few weeks. Building opened May 1, 1930. Property well situated, and rentals to date are approximately 50%, in addition to pending leases. Allerton New York Corporation First Fee 5%% 1947 S. F. Bond Certificates Amount: $4,250,000; retired, $116,500: outstanding, $4.133.500. Dated: January 1, 1927. Maturity: January 1, 1947. Interest: January and July 1st. Denceminations: $1,000 and $500.