PULP AND PAPER COMPAN. 
Amount Issued: $1,250,000. 
Interest Payable: May 15 and Nov. 
15 at any office of Canadian Bank of 
Jommerce. 
Trustee: National Trust Co. Ltd, 
Toronto, Canada. 
Registerable: As to principal (cou- 
>on bonds). 
Denominations: $1,000 and $500. 
Callable: At any interest payment 
fate on 30 days’ notice, at 102 and ac- 
2rued 1nterest, either in whole or in 
part, or from time to time for sinking 
fund. 
Sinking Fund: Annual payments, be- 
zinning May 15, 1929, to retire $50,000 
orincipal amount of bonds annually, 
rither by redemption or by purchase 
in the open market. 
Security: First mortgage on all of 
‘ixed assets now owned or hereafter 
icquired. 
Legal Opinion by: Ronald P. Stock- 
on, Vancouver, B. C. and Carey & 
Kerr, Portland, Ore. 
Offered by: Bond, Goodwin & Tuck- 
er, Inc, Portland, Ore. and Seattle, 
Wash., July, 1928, at 100. 
WASHINGTON PULP & PAPER CORPORATION 
GENERAL OFFICE: Port Angeles, Wash. 
CONTROL: By Crown-Zellerbach Corp., San Francisco, Calif. 
HISTORY: Incorporated under laws of Virginia, Feb. 12, 1917, and is controlled 
by the Olympic Paper and Power Co. which in turn is controlled by the Crown- 
Zellerbach Corp. 
BUSINESS: Manufactures pulp and newsprint paper. 
PROPERTY: Owns approximately 60 acres of land at Port Angeles, Wash., to- 
gether with a manufacturing plant, consisting of a 15-unit, 200-ton mechanical 
pulp mill and a paper mill, consisting of three machines, with a combined ca- 
pacity of 275 tons per day. The company also holds a 99-year lease on U.S. 
jovernment Lighthouse Reservation on Ediz Hook, giving a frontage of 2 stat- 
ute miles of tide lands on the Straits of Juan de Fuca and the harbor of Port 
Angeles. 
OFFICERS: M. R. Higgins, Pres.; Isadore Zellerbach, Vice Pres.;*M. M. Cohn, 
Treas.; J. D. Zellerbach, Secy.; E. M. Mills, Vice Pres. & Gen. Mgr.; Leon T. Du- 
puis. Supt. 
TAPITALIZATIC *horized Outstanding 
1. Preferred Stock 00,000 $1,500,000 
2. Common Stock .... _._. ee eeeemeeeemaemanranaas 4,500,000 $1,150,000 
NOTE: Crown-Zellerbach Corp. San Francisco, Calif. ,owns all of both Preferred 
and Common stock except directors’ qualifying shares. 
TYTTTTYD DEBT, As of Dee. 31, 1929 
Rate Dated Due Authorized Outstanding 
.6%% 12-1-21 12-1-41 $850,000 $178,500 
Interest Payable: July 1 and Dec. 1932, annual sinking fund to purchase 
at office of trustee. or call bonds at not exceeding redemp- 
Trustee: Bank of California, © a tion price. 
San Francisco. Tax Status: Company pays normal 
Registerable: Coupon bonds regis- ‘ncome tax not in excess of 20. 
»rable as to principal. Security: First mortgage on all 
Denominations: $1,000 and $500. droperty now owned or hereafter ac- 
Callable: At 105 on Dec. 1, 1931, and quired, except in case property here- 
“2% less each year thereafter. after acquired subject to an existing 
Sinking Fund: Payment of $42,500 mortgage. 
made annually to purchase bonds at Legal Opinion by: Pillsbury, Madi- 
not exceeding 105 until 1931, otherwise son & Sutro, San Francisco. 
to purchase 7. 8 Govt. bonds. After Offered by: DBlvth & Co. Dec 1921 
First Mortgage Sinkin 
Fund Gold Bonds. 
WESTMINSTER PAPER COMPANY, Ltd. 
GENERAL OFFICE: New Westminster, B. C. 
HISTORY: Incorporated under laws of 3ritish Columbia, Aug. 1. 1926, as suc- 
cessor to Westminster Paper Mills, Ltd., formed in 1922. 
BUSINESS: Manufactures wrapping and tissue paper for a wide variety of uses. 
Owns patent rights to “Arnett” patent for ovalock towels, etc., the “Descoteau” 
patent for watermarking color design in wrapping paper. Company manufac- 
tures under license “Seyborne” patents and “Hy-G" napkin towel patent. 
PROPERTY: Located at New Westminster, B. C.. on Fraser river. On 3-acre 
site, occupied under lease running until 2018. Plant destroyed by fire in 1929 
and complete new plant erected. 
SUBSIDIARIES: Controls Pacific Coast Paper Mills. a Washington corporation. 
located at Rellingham Wah 
OFFICERS AND DIRECTORS 
bia Legislature; Mayor City of New 
Westminster, IB. C. 
Frederick Smith, Pres. Smith. David- 
son & Wriecht 1.td 
J. J. Herb, Pres. 
R. F. Arnett, Vice Pres 
H. M. Lord, Secy.-Treas. 
A Wells Grav. Member Dritish Colum-