1c OT. °T based on income up to and not exceed- ing 69% per annum of the interest on any bond. Security: A direct obligation of Puget Sound Power & Light Company and are under the First and Refunding Mort- gage by a direct lien on all electric light and power and certain other properties, subject only to Divisional Underlying Bonds on parts of the prop- erties to the amount of $7,412,000 and are further secured by a first lien on $8,336,000 City of Seattle Municipal Railway 5% Bonds of 1919. The mort- 4. PACIFIC COAST Interest Payable: March & Sept. 1, at Haris Trust & Savings Bank, Chicago; Harris, Forbes & Co. Inc, Boston and New York. Trustee and Registrar: Harris Trust ¢ Savings Bank, Chicago. Registerable: Both as to principal and interest. Denominations: Coupon, $1,000. Callable: As a whole or in part at 105 and interest on any interest day. 5. SEATTLE EL. CO., SEATTLE-EVERETT 1st MTGE. 3% 30-YR. GOLD BONDS Interest Payable: M&S © e's Tax Status: Company pays ncermal office. income tax up to 29%. Trustee and Registrar: Old Colony Security: First closed mortgage on Trust Co., Boston. about 61 miles of interurban railway Registerable: Both as to principal from Seattle to Everett, Wash, and and interest. from Bellingham to Mt. Vernon, Wash., Denominations: Coupon, $1,000; r <- railway and bus property in City of istered $1,000 and $10,000. Everett, and certain auto stage equip- Callable: As a whole (or in part for ment. sinking fund), at 105 and interest on Offered by: Lee, Higginson & Co, any interest day. New York, April, 1909; May, 1911, at Sinking Fund: 19% of bonds outstand- 181% and 98 ing, payable Mar. 1. 8. PUGET SOUND POWER CO, 1st MORTGAGE 30-YEAR 5% GOLD BONDS Interest Payable: June & Dec. 1, at sinking Fund: 1% of bonds certified. trustee's office. payable March 1. Trustee and Registrar: Old Colony Tax Status: Company pays normal Trust Co., Boston. income tax up to 29%. Registerable: As to principal only. Security: First closed mortgage on Denominations: Coupon, $1,000. antire property of former Puget Sound Callable: As a whole (or in part for Power Co. including a hydro-electric sinking fund) at 110 and interest on plant. any interest day. 7. TWIN CITY LIGHT & TRACTION 1st MTGE. 6% SINKING FUND BONDS Interest Payable: Jan. & July 1, at Sinking Fund: $8,000 payable an- rrustee’s office. nually, Jan. 1. Trustee and Registrar: Guaranty Tax Status: Company pays normai Trust Co., of New York. income tax up to 2%. Registerable: As to principal only. Security: Mortgage on property of Denominations: Coupon, $1,000. former Twin City Light & Traction Co. Callable: Not callable. XR. WHATOM COUNTY RAILWAY & LIGHT CO. 1st MORTGAGE 6% SINKING FUND GOLD BONDS Interest Payable: May 1 & Nov 1, at Sinking Fund: 19% of bonds outstand- trustee's office. ing, payable Nov. 1. range na Registrar: Olid Colony Tax Status: Company pays normal rust Co. boston. oo income tax up to 2%. Registerable: As to principal only Denominations: Coupon, $1,000. Security: First closed mortgage upon Callable: As a whole at 105 and in- entire property of former Whatcom terest on any interest day. County Ry. & Light Co. 9. TEN-YEAR 514% COUPON GOLD NOTES Interest Payable: Feb. & Aug. 1 ,at c>mpany and rank prior to the Prior trustee's office. Preference, Preferred, Junior Preferred Trustee and Registrar: First Seattle and Common Stocks. Dexter Horton National Bank, Seattle. Legal Opinion by: Todd, Holman & Registerable: As to principal only. Sprague, for bankers; James IB. Howe, Denominations: $1,000, $500 and $100. For Company. _Callable: Upon 30 days’ written no- Offered by: First Seattle Dexter Hor- tice at 103 thru Jan. 31, 1935; 102 thru ton Securities Co., Marine National Co., Jan. 31, 1937; 101 thru Jan. 31, 1938: Pacific National Co., Peoples Securities 100% thru Jan. 31. 1939. thereafter at Jo., Puget Sound Power & Light Secur- L100. ities Co., Feb, 1, 1930, at 961%. . Tax Status: Company pays normal Listed: On Seattle Stock Ixchange. income tax up to 2%. Price Range: 1930 to June 1—High, Seenrityv: A direct obligation of the Ba: J.,ow. O71