98 
THOMSON'S MANUAL 
Transfer Agents: National City Bank 
of New York, Pacific National Bank of 
Seattle. 
Registrars: First Seattle Dexter 
Horton National Bank, Farmers Loan 
& Trust Co., New York. 
Legal Opinion by: Donworth, Todd 
% Holman, Seattle, and Shearman & 
Sterling, New York. 
Publie Offering by: Pacific National 
Zo., Seattle, and National City Co., of 
New York, Jan. 1929, in units of 10 
Preferred and 4 Common, at $1,000 per 
unit. 
Tisted on: New York Stock Ex- 
change. 
“rice Range: *1930 1929 
High . chiniais 773 109% 
LOW eel ceeeee 56 447% 
*To July 10. 
2. COMMON STOCK 
Preemptive Rights: Holders shall at mon stock was increased by such stock 
211 times have preemptive right to sub- dividend or subdivision of shares. 
scribe ratably to any shares of Com- - . . 
mon stock, and to any securities con- Voting Power: Common has entire 
vertible into Common stock, which may roting power, except when one year’s 
be issued for cash, except that the cor- Hyjaings are in arrears on the Pre- 
poration shall have the right to issue, arrec. 
free from any preemptive rights, not Dividends: None paid to date. 
exceeding 30,000 shares of Common Transfer Agents: City Bank Farm- 
stock, increased by such number of rs Trust Co. ,New York; Pacific Na- 
shares thereof as shall equal the num- ‘jonal Bank of Seattle, Wash. 
ber of shares of Preferred stock issued T 
after Jan. 1, 1929; and the Common Registrars: The National City Bank 
stock so issued may be issued either f New York, First Seattle Dexter Hor- 
directly or upon exercise of options to ‘on National Bank, Seattle, Wash. 
purchase the same, granted with re- . Fits i 
spect thereto. If the number of out- 2 lg Offering 572 Paslije Saitonay 
standing shares of Common stock shall oor ok Ton Togs ions, oo ~~ 6 
be increased, either by the payment of dn Drala ty toa i ol 3 0 y 
a stock dividend or by subdivision of 1 000 per unit hn ommon, a 
shares, then the number of shares p * 
which the corporation may have the Listed on: New York Stock Ex- 
right to issue free from prepmptive *hange. 
rights as well as the number of shares * 
which thereafter the corporation may Price Ramge 1930 1929 
secome entitled so to issue, shall be High . cvnigeies BY 162 
‘ncreased in the same proportion as the LOW mesmnenee AY 31 
number of outstanding shares of Com- # To July 10. 
INCOME STATEMENT. Year Ending Dec. 31, 1929 
Operating Revenue and Sales 
Dperating BE XDeD Se eee eeeeaeenmmem oan 
$31,423,618 
~ 21.660.365 
cremeeeeeeeeeea$ 9,763,253 
1 TRY? 9295 
Net Earnings ....... 
Dther Income .... 
Total Income ... 
Depreciation oc... eiiiiees 
Federal TAXES aceceeccceaeeaimeecccecmemncamamas mma eannnanns 
Minority Interests in Subsidiaries ..................... 
Sundry Expense ................ 
ecereeeeeennneennneeeneaee-$11,5 45,548 
reememeasemnneeneieneeaaseeneeeeeeee 1,104,679 
eeeenmeneeenannsaeasceennneeeeaseeee 1,079,494 
eeeeemeaeaereoeeeanans 340,139 
errrneeeeeneeeeee-$ 8,966,032 
Ci 671.617 
Net INCOME .eeeriieeemvercecacacnne. eemmemanann 
Preferred Dividends .....ooooooocioierieeaciacenaenremeeeeseo arene nans 
Surplus for the Year ricerca soccer eanaanans reeeneennd 8,294,415 
Preferred shares oUtStaANAiNE. coor eirneeerea ct eree ncn seen mnaa na noe, 240,000 
Barned, per share Preferred... ieerrranceecocosammnanias asa ssae noes iaaes $37.35 
Common shares outstanding...........coooeeoo. eieraeeeeeeeennnes 1,837,842 
Tarned. Der Share COMMON... oc. i emeimeeeeeccamccemeemsessmmsmmsasoacaacmaonnns $4.51 
COMPARATIVE CONSOVIDATED RALANCE SHEET. As eof 
ASSETS Dec. 31, 1929 Oct. 31, 1928 
ASN eee eee eee oerereeenaeasnnaresnneamnaneeaereaneeen $8,014,575 $3 1,203,263 
Acceptances ........ tat een seem Sem Sen SER RATE 592,663 supammraEva. 
Demand Loam .oocooooiemmeeeeaar cian eemeeeeeeemmoneeeee 2,000,000 400.000 
0S. Certificates. oo oeeeeeeeeeeeeeeeameaarensnnnresseneneesceeenen. 1,000,000 
Viarketable Securities ...... eee eee eae aan eam am annem naes 346,082 
Accounts Receivable ....... Lo. eee eaeaaneeeneenen 3,863,478 
[INVENtOTrieS omen eerie... 1.633.435 
Fther CUTrrent ASSETS. irre eaceecraceecareaanarsmnenanana 
Total Current Assets .........i........ eames 
(nvestments ............. Nr — emmenaaaan 
Expansion Fund erence eee 
Land, Building and Equipment... nn cores 
Patents, Rights, eC. icecream enemas 
Naferred Charges oer eee eececccce cree aaa sam namecanen 
TOTAYI, ASSETS 
122,326 
2,619,808 
2,345,756 
11 162 
$ 6,602,315 
§ 225,094 
12,000,000 
2,647,572 
24,990 
146.937 
£91 R46 26K