T 
> AND PAPER COMPAN:. 
165 
sulphite. Sufficient pulp wood will be obtained under these contracts, it is es- 
timated. to supply requirements for 25 years. The company also owns standing 
timber. 
PROPERTY AND PLANTS: Properties of company include approximately 29 
acres of land. on tidewater, Hoquiam, Wash. Sulphite pulp mill, with daily ca- 
pacity of 175 tons of unbleached sulphite, or 150 tons of bleached sulphite and 
paper mill, with daily capacity of 50 tons of bond paper. Auxiliary facilities in- 
clude wood-preparing plant, warehouse, docks and power house. 
Company owns water rights and modern water system, including approxi- 
mately seven miles of 36-inch pipe line, with filter plant and accessories, ca- 
pacity twenty million gallons daily. Company has the advantage of both rail 
and water transportation. Docks have been constructed to accommodate vessels 
of 35-foot draft. 
OWNERSHIP AND MANAGEMENT: More than 60% of Preferred and Common 
stocks is owned by I. Zellerbach, E. M. Mills, J. D. Zellerbach and H. 1. Zeller- 
bach, all of whom are active officers in the Crown Zellerbach Corporation,, Ham- 
mermill Paper Company and Polson Logging Company of Hoquiam, Wash., and 
Robert Polson, manager of Polson Logging Company. 
OFFICERS: E. M. Mills, Pres.; 1. Zellerbach, J. D. Zellerbach, Vice Pres.: W. L. 
Raymond, Secy.; 8. Sonnenberg, Treas. and Asst. Secy.;: Chas. H. Conrad, Asst. 
Secy.; A. I. Ellis, Asst, Secy. and Asst. Treas. 
DIRECTORS: E. M. Mills, I. Zellerbach, J. D. Zellerbach, H. L. Zellerbach, 
Charles R. Blyth, W. L. Raymond, Norman W. Wilson, W. S. Lucey, Wm. T. 
Brust and Wm. F. Bromley. 
Fiseal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in May. 
Number of Employes: Dec. 31, 1928, about 300. 
Transfer Agent and Registrar: Company, San Francisco. 
CAPTT "7 ATION, As of Dec. 31, 1929 
= Value Authorized Outstanding 
o Par 33,790 Shs. 33,790 Shs. 
~o Par 72,517 Shs. 72.517 Shs. 
Note: On Aug. 20, 1929, Preferred stock was increased from 25,000 shares to 
33,790 shares, and Common stock from 55,000 shares to 72,517 shares. Stockhold- 
ers offered rights to subscribe to new stock in units 1 share Preferred and 2 
shares Common at $120 per unit. Rights expired Sept. 30, 1929. 
I. 8 CUMULATIVE PREFERRED STOCK 
Provisions: Entitled to cumulative vidends any time after May 1. 1930, on 
dividends of $8 a share per annum, and 30 days’ notice. 
no more, and £100 per share in liquida- Voting Power: Non-voting. 
tion, } Dividends: Payable Jan. and July 1. 
Callabk 7 and accrued di- None paid to Jan. 1, 1930. 
NDED DEBT, As of Dec. 31, 1929 
at Dated Due 
1st Mtg. Gold Bonds 4-1-28 4-1-43 
1st Mtg. Gold Bonds........... » 1-1-29 1-1-44 
I. FIRST MORTGAGE 6% GOLD BONDS, Series 1943 
Interest Payable: April 1 and Oct. 1 Tax Status: Company payvs Fed. In- 
at Bank of Italy, Nat. Trust & Sav. come tax up to 29% and refund on Calif. 
Assn, San Francisco. personal prop. tax of 4 mills, 
Trustee: W. J. Kilferdorf. Security: First mortgage on all fixed 
Callnble: At 103 and accrued interest assets now owned and on all improve- 
to April 1, 1938; thereafter at 100 and ments, additions and extensions. 
accrued interest. L 1 Ovini bv: M Pilsbur 
Sinking Fund: Annual pavments be- (fen D on Pn ears, isbury, 
ginning April 1, 1930, of $100,000, one- Madison & Sutro, San Francisco. 
half of such payments to be used for Offered by: Blyth & Co., Schwabach- 
retirement of outstanding bonds and er & Co. Seattle and San Francisco, 
one-half for permanent improvement, April 1, 1928. 
2. FIRST MORTGAGE 6%: GOLD BONDS. Series 1944 
Interest Payable: Jan. and July 1 at Tax Status: Company pays 29% Nor- 
lank of Italy, Nat. Trust & Sav. Bank, mal Fed. Income tax and refunds Calif. 
A  anaing, ¥. Hiatordart personal prop. tax of 4 mills. 
ustee: LJ. ieferdorf. : ry i ix 
Callable: At 103 and accrued interest asaorurlty: First Worigngs sn gl) fixed 
to Jan. 1, 1939; thereafter at 100 and et ; ; . a ons, 
accrued interest. Xtensions and improvements. 
Sinking Fund: Annual payments, be- Legal Opinion by: Messrs. Pillsbury, 
ginning Jan. 1. 1932, of $50,000, one- Madison & Sutro, San Francisco. 
half to be used for redemption of Series Offered by: Blyth & Co. and Schwa- 
1944 Bonds and one-half for permanent Jacher & Co., Seattle and San Francisco 
additions and improvements fan. 1. 199290 
At,