PULP AND PAPER COMPANIES

Apr.. Oct. 1.) 1926, $3.00; 1927, $6.00; amounted to $13.50.
Apr. July, Oct. 1.) 1926, $3.00; 1927, $6.00; Transfer Agent and Registrar: Same
1930. (Accumulation on April 1, 1930, as First Preferred.

3. COMMON STOCK.
Voting Trust: Common stock is all Transfer Agent & Registrar: Same as
held in a 10-year voting trust, expiring preferred Stock.
928
iL No dividends paid to Number of Stockholders: Majority of
\pril, 1930 common stock held by Blyth & Co.

COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
csc err
#20. (CY
Ty

Net Revenue ................
Deprec., Amortization, .
Net Profit .................
Tax Adjust. Prior Years.........
Preferred Dividends ...

ntere-=

 L

1'axes...

1927
“737,564
321,707

Surplus for the Year... __ PT
Flarned, per share, 1st preferred stock.........
Earned, per share 2nd preferred...
Deficit

COMPARATIVE BALANCE SHEET, As !
1929
233,156
261,055
655,109

ASSETS

Dec. 31
1928
01,570
- ee
7
a 949

(Cash ........ Ce eeaemnemeimeseeneeeeteessasemeessameeneesesnns
Accts. and Notes Receivable.................
Inventories ... aera
Securities eens

690
"4,273
18
ud 508

Total Current AssetS..........cooooomeeeaie.
Investments in Other Companies.........__...
Plant Site _... eam eee eae
Water Rights ..
Water Rights l.eases.........oocoooiioceeaucnn
Buildings and Equipment..............._...... _.
Timber Lands iii. 3
Magnasite Leasehold .. eee emeemenns
Deferred Charges ooo.
salvage on Machinery...

4

0
00
77
6
“8
6
h

J
J32
£0
8.500
9,347
"644
+67
So

. p,

J
90
“0,112
"2,025
“1,366
"666
01f
rs

A
.

1

TOTAL ASSETS ieee

~

LIABILITIES-Accounts
 Payable o.oo.
Dond Interest Accrued.............. -.
Accrued Taxes .._... ees
Income Tax Reserve...
Dividends Pavable ...__

37
¥

297,856

“Sub

+
~~ DOD

My
4
hss

209 391
17.979
17 000

Total Current Liabilities..........
Note Pavable 1934...
Employees Hospital Fund.................
Funded Debt ....___
Capital Stock ....... ... ..
Initial Surplus .._.........___..
Earned Surplus .......

369,5.9
© 000
08
500
092

569.2017

17.581
2,800,000
.116,092
457,899
228 8928

TOTAL LIABILITTES ___
Net Working Capital... eem————
Ratio Current Assets to Cur JT.iahil®

0
1,63
1 OR

2: 3
KE: 52
2171

First Mortgage Sinking
Fund Gold Ronds

FT" DFD DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized
crreeneee 69% 7-1-26 7-1-486 $3.000,000

Outstanding
$2.505,500
fund beginning July 1, 1928, $134,000.
Tax Status: Company pays normal
Federal income tax up to 29%.
Security: First mortgage on all the
‘ixed assets, including land, plants,
zquipment, water rights, timber and
timber lands.
Legal Opinion by: Carey & Kerr,
Portland, and Griffith, Peck & Cohn,
Portland.
Offered by: Blyth & Co.. July 1. 1926.
at 100.

Interest Payable: Jan. 1 and July 1,
at Bank of California, N. A., Portland,
Seattle, Tacoma, San Francisco, or at
Continental & Commercial Trust & Sav-‘ngs,
 Bank, Chicago.
Trustee: Bank of California, Iv. A.,
Dortland, Ore.
Registerable: As to principal.
Calable: At 105 to 1940 and at 102.50
thereafter.
Sinking Fund: $100,000 retired July
1927 Minimum annual retirement