LUMBER AND TIMBER COMPANIES COMPARATIVE BALANCE SHEET, As of Dec. 31 noaq ASSETS— Cash «com Receivables .... Inventories ...... J & & Total Current Assets ..... - Property (less depreciation) ..........o.oiiiiiiiiir cereeeiannn, INVeSEMENLE coerusrsimmmsesrsess A SA ST ST Stock Purchase Contraets...... [3ond Discount and Expense... i... Deferred Charges ..... TOTAL ASSETS ..... LIABILITIES— Notes and Accts. Payable. ieee, ACCIUDIE cuwmmsnnmsnmmiis ee emma ane Provision for Taxes.. el oe Total Current Liabilities........................... en Preferred Stock .. eememaeeenn—e———— a Common Stock . NY Funded Debt ...... een eeneeeneeneeseeaense——nnn Reserves .oouomecoceecvnicnnnn. ee remeesesssesseneenneasam——n Deferred Liabilities .... Surplus ... TOTAL LIABILITIES _....... Net Working Capital... eee. Ration Current Assets to Current Liabilities........ Book Value, Common Shares... + 43 1928 62,449 733.591 805.268 1,601,500 0,912,249 55,451 2,720 ‘20 3 41.523 13.269. 044 +215 ~ Jo 12.296 "50 91 297 239 255 " A u.07 FUNDED DEBT, As of Dec. 31, 1929 First Mtge, and Refunding Rate Dated Due Authorized Outstanding Sinking Fund Gold Bonds... 6% 9% 10-1-24 10-1-39 $6,500,000 $2,559,700 " Interest Payahites April and Oct. 1 at Tax Status: Pays 29; Federal Income. “ontinental and Commercial Trust & Security: First mortgage upon 17,545 pavirgs Lank, Clicage, or U. S. Nat. acres of timber lands owned in fee and Trustee: Continental & Commercial X12 acres timber rights carrying 994,-Trust & Savin s Bank. Chicago 854,000 feet of timber (over 219% spruce) Registornbles As 10 ‘princi Ro. and railroad and logging equipment. Deaominationss Coupon L300 $500 ‘n addition the Corporation assigns all and $1,000 * » dghes hmasy jes CHLTACE of purchase TUN : . : Vit the nite States overnment bie ASW Bolg ox in part on ey ‘overing 12,759 acres carrying 701,815,-plus 19% per year in advance of ma- wa feof of poor (over 331% % spruce) turity, the premium in no case to ex- filroad and plant. ceed 2% 9%. Offered by: Baker, Fentress & Co. Sinking Fund: Payments on a gradu- ‘ontinental & Commercial Trust & Savated scale according to timber re- ngs Bank and Harris Trust & Savings leased, calculated to retire bonds before Jo., Chicago, and Blyth & Co., San 26 of timber is cut Francisco, Oct. 1. 1924 .at 100 PECK LOGGING COMPANY. Limited GENERAL OFFICE: Vancouver, B.C. BUSINESS: Logging of timber tracts and sale of logs and by-products. PROPERTY, PLANTS, EQUIPMENT, ETC.: Company owns timber on eight licenses, tributary to Frederick Arm, on Vancouver Island, cruising 105,000,000, Owns operating equipment adeauate to turn out 10,000.000 ft. annually. Valued in 1925 at $325,000. OFFICERS: George A. Peck. Pres. & Treas.; L. B. McClellan, Secty.: 8 Mack Smith, Director. - DED DERT, As of May 1, 1930 Rate Dated Due Authorized Outstd. 7% 5-1-25 5-1-33 $125,000 $125,000 Interest Payable: May and Nov. 1 at 1l5¢ per lineal foot; shingle bolts, $1.50 office Freeman Smith & Camp, Port- per cord; piling, 2c per foot. land or San Francisco. . Tax Status: Co. pays 2% Federal In-Trustee: Yorkshire & Canadian Trust, come Tax. r.td. : . . . 2 Security: Closed First Mortgage on Denominations: $100, $500, $1,000. otal fixed assets of company, now Callable: Callable “by lot or in >wned or hereafter acquired whole on 30 days’ notice on any inter- i : . est date at 103. , Legal Opinion by: Douglas & Gibson, Sinking Fund: First three years at Barristers, Vancouver, B.C. $2.00 per thousand feet of timber cut. Offered by: Freeman, Smith & Camp Thereafter, $2.25 per thousand. Poles. Co., Portland. Ore.. Mav. 1925. at 100.