PULP AND PAPER COMPANIL 
COMPARATIVE INCOME STATEMENT, Years Ending April 30 
Qsr 
Gross Operating Profit............... 
Dividends from Pacific Mills... 
Total Net ReVeNUEe....o..occcoii iii mimic ceemeeeeeaeeeee 
Interest, Deprec. and Fed. Taxes, Etc....... 
1929 
6,790,531 
510,136 
a0 
Net Income ......rinicnaninienan. 
1st Preferred Dividends.....c......c.... 
2nd Preferred Dividends......................__ 
Common Dividends .... eeemsemeeereneananimnnan 
Surplus for the year ........ 
Earned, per share, 1st pref. stock........ ..... 
Earned, per share, 2nd pref. stock................. 
Earned, per share common stock 
60 
BALANCE SHEET, As of Apr. 30 
ASSETS 
Cash ..oooooeimiies 
U. S. Gov. Bonds... ee 
CA] LOANS soieciiinnin. in . sessevsimsssssss satus oss siass is seman sass ss arerss sn saeessusis, 
Notes Receivable .. eee eee eae 
Accts. Receivable ... Ce eeeeeeeeeeeemeneeseeeeeemnenaanen 
Inventories .... ee eee —————an 
1230 
517 °° 
1929 
807,205 
588,414 
750,000 
51,902 
1,036,121 
4.630.893 
D271. 
Total Current Assets... 
Investments _... . . semus ns rrenssneienns nap onsnnsn nnn nay mms ne 
Stock in Pacific 2ills, Ltd... oan 
Land ............... me eemeeeeneseesamenmeoemmemeenmeeneanns 
Timber LanAs ..... ieee cere ee meee ema neenm anne. 
Water Rights ...... EN , 
Buildings and Equipment........ rm eemenans 
Deferred Charges 
TOTAL ASSETS ... 
£030 
,800 
2.308 
555 
~ ,600 
728,119 
29,291 
-7,266 
283 345 
5 (» 
I's 
= 
Hh 4 .- 
£1 38K 3-8 
262.821.8069 
LIABILITIES— 
Accounts Payable .................... 
Bond Interest Accrued........ 
Taxes Accrued... .........oooooiomiuaennioi.. 
Dividends Pavable. 
£33.300 
3.098 
1,669 
4 214 
1,209,699 
379,189 
183.269 
Total Current liabilities... 
Funded Debt ....oooooiiiimiiiiiaaaee nn. NEE 
Timber Purchase Contracts. oes 
Contingency ReSeIVe ooo eee 
Capital Stock ....... ooo... eee emma ann oe. 
Initial Surplus .... eee ana ne an 
Earned Surplus 
La 
04 
“C 
21 
00 
£5 
1. A) 5 
4h 
- 
TOTAT, LIARILITIES 
1T Aa 
Q 
FUNDED DERT, As of Apr. 30, 1930 
First Mortgage Sinkin~ Rate Dated Due Authorized Outstanding 
Fund Gold Bonds... eee. 6Cp 1-1-26 1-1-51 $25.000.000 $18,303,000 
Interest Payable: J&J 1 at First Na- 
tional Bank, N. Y.; Anglo, & London 
Paris National Bank, San’ Francisco, 
and trustee's office. 
Trustee: Continental Illinois Bank & 
Trust Co., Chicago; Wm. P. Kopf, Chi- 
cago, co-trustee. 
Registrar: Chase National Bank, New 
York; Continental Illinois Bank & Trust 
o., Chicago. 
Registerable: As to principal. 
Denominations: Coupon $500 & $1000. 
Callable: On any interest date on 30 
days’ notice at 103 prior to Jan. 1, 
1940, and at 10114 thereafter. 
Sinking Fund: Company pays each 
vear to trustee amount, based on tim- 
ber cut, sufficient to retire 759% of 
issue by maturity. 
Tax Statux: Company will refund 
Price Range: 1929—High, 1031; Low, 
1815; 1928 — High, 1023; Low, 9734; 
1927 — High, 103%; Low. 991%; 1926 — 
High. 100: l.ow 98