PULP AND PAPER COMPAN.:.
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
1929 1928 1927 1926
income for Bond Intd.. 14920 "462,209 acer "7 $292,553
Deductions—
Bond Int, Ex:
Depreciation
Federal Tax .
1925
"17,833
{EEG
.1 651
“Lv,813
Vet Income
"08,007
YREEP ECT FTO gp AC
L4,0
CONEY GXFTOTVIY. Am
ASSE"
ree. 37
hi
6
t
47%
Cash .oocooceeeeeeen eeteeeeieetamaeennnenenananne naan
Notes, Accepts. & Accts. Receivable ...........oocooo....
Inventories ........ rman En nn — nas
Advances on Logs and Wood.....
1928
18,575
331,705
84,664
22,072
Total Current Assets...
Plant and Equipment.......
investments .............. SRA SERA
Special Deposits oii ean
Due from Cal.-Ore. Paper Mills. ......cooioioieiaieeaeeaaanen,
Deferred Charges ..... ee meeaan
1
)
¢
5.239
»2
TOTAL ASSETS ......
LIABILITIES—
Accrued Bond Interest.............
Notes and Contracts Payable...
Accts.,, Wages and Taxes Pavable..._...
1,503
185.569
290.094
1,2: 2
“0,198
290.114
Total Current Liabilities... eeeeeeeeneenas
Due Affiliated Companies...... een eemean
Depreciation RESEIVEe ooo. iii eeeeeeeeee eee eeaane nnn
Funded Debt ooo. # eananenin ana nee anna
Preferred Stock ..........
Common Stock ........
Surplus
407,. 1b
£R.476
oe2C
A
5,054
£.f33
“50
0
Ce d0
227 457
TOTAL LIABILITIES oie.
Book Value Common Shares...
Li.obh
FUNDED DEBT, As of Dec. 31, 1924
Dated Nue
5-1-26
1927
Rate
1. 1st Serial Gold Bonds, Series A 69%
1. 1st Serial Gold Bonds, Series B 6%
1. FIRST MORTGAGE 6% SERIAL GOLD BONDS, SERIES “A”, .
Interest Pavable: M&N 1, at trustee's vested in additional property or equip-
rffice. ment or bonds of this issue, and bal-
Principal Pavable: May v. ance used to purchase outstanding
$20,000; 1927, *27 )0; 1929, $40,00C; _¢ 50, bonds, at or below call price.
$30,000; 1931, "€.. 50; 1932 to 1940, incl., Tax Status: Company pays Federal
170.000; 1941, $170,000. ncome tax up to 2%.
a uiitoble Trust Co., Port- Security: Secured by first mortgage
Registerable: As to principal on entire fixed properties now owned
; & or hereafter acquired.
Denominations: Coupon $100, $500 2 ¥
and $1,000. ] Legal Opinion by: Earl C. Bronaugh.
Callable: On any interest date on 10 Portland, Ore.
days’ notice at 102 to May, 1936, and Offered by: Lumbermens Trust Co,
at 101 before May, 1941. Portland, Ore., and Minnesota Loan &
Sinking Fund: Amount equal to com- Trust Co., Minneapolis, Minn., June,
mon dividends, 1% of which mav be in- 92a.
2. FIRST MORTGAGE 8% SERI
Interest Payable: M&N 1, at trustee's
affice.
Principal Payable: Due each May 1,
as follows: $20,000, 1931 to 1936. in-
clusive; $25,000, 1937 to 1940, inclusive:
and $70,000, 1941.
Trustee: Lumbermens Trust Co.
Sartland.
Registerable: As to principal.
Denominations: Coupon $100, $500
1,000.
Callable: On anv interest date on 10
\L GOLD BONDS, SERIES “IB,
days’ notice at 102 to May, 1936, incl,
and at 101 thereafter.
Tax Status: Company pays normal
income tax up to 2%.
Security: By first mortgage on all
‘ixed properties of company, including
~eal estate, buildings, machinery and
2quipment now owned or hereafter ac-
quired.
Offered by: Lumbermens Trust Co.
Portland, Oregon, and Minnesota Loan
& Trust Co.. Minneapolis. Aug... 1927.
