PUBLIC UTILIT! Dated eee 1917 . 1918 ao BONDS OUTSTANDING, As of Dec. 31, 1929 Int. Pay. Rate Purpose Extension...... Extension. Series 1... Series 2? Series . Series | Series £ Series] Series | Series Series’ Series Series Series | Series Series Series Series Series Series Series Series Series Series Series T+ 1 Oct. Nov. Mar. Oct. June Mar. Apr. Nov. Nov. Mar. May May May May Dec. July Apr. Aug. Dec. 1 Dec. 1 Nov. 1 Nov. 1 Mar. 1 June 1 Oct. 1 Due 1923-37 1924-38 1925-39 1925-39 1926-40 1027-47 027-4 9127-4 727-¢ 328-4 .929-4 1929-4 1929-4 1929-4 1929-4: 1930-4 1937-50 1937-56 1938-57 1938-57 1939-58 1939-58 1940-50 1940-59 1935-59 Serial A&O Serial M&N Serial M&S Serial A&O Serial J&D Serial M&S Serial A&O Serial M&N Serial M&I« Serial M&S Serial M&N Serial M&M Serial M&? Serial M&1? Serial J&TD Serial J&: Serial A& Serial F& Serial J& Serial J¢& Serial M Serial M Serial } Serial Jc. . Serial A &¢ 3 ssued 390,000 500,000 750,000 .250,000 600,000 “CC¢,000 000 000 C00 “0 90 20 “00 “0 . v :. y pa ¥ i 5 y 929 eee 1029 1 1999 C50 500,000 000 000 Outstd. 208,000 350¢,000 500,000 TRE,000 2,000 2,000 L000 ,000 €<,000 »11,000 238,000 35,000 84,000 69,000 4.000 ¢,000 L000 v0,000 .20,000 000,000 500,000 .000,000 1,500,000 900,000 1.000.000 SEATTLE MUNICIPAL STREET RAILW:Y GENERAL OFFICE: County-City Bldg. Seattle, Wash. SUPERINTENDENT: G. B. Avery. HISTORY: In 1912, City began construction of a line from Third and Stewart St. to 15th W. and Thorndyke, in Ballard, approximately 4 miles. In 1913, City accepted, as a gift, the Lake Burien Line, extending from Spokane Street to Lake Burien, approximately nine miles, half of which was outside the city limits. In 1918, in order to afford adequate transportation to large numbers of shipyard workers engaged in war construction, an elevated road was built along Railroad Ave. from King Street to Spokane Street, and extended on the surface to south industrial districts. On March 31, 1919, after ratification by the electorate, on previous Nov. 5, 1918, the city acquire dfrom the Puget Sound Power & Light Co. the entire street railway system of the city, consideration being $15,000,000 in 20-year utility bonds, bearing 59% interest, principal pavable in annual install- ments of $833,000, starting March 1, 1922. Principal and interest were paid regu- larly until 1930, when Puget Sound Power & Light Co. agreed to extension of two vears and waived principal payments of 1930 and 1931 INCOME BY YEARS Operation Bond nterest MM nrecg’s 1918 ........ 159 1920 ........ 1921 1922 ....... 1923 ........ 1924 ........ 1925 conn 1926 ........ 1927 _...... 1928... 1929 Revenue nxpense ise. — LOSS OT Tain £,158,153 5,463,392 5,347,175 5,228,102 5,742,148 5,173,907 5,999,938 3,791,315 3,758,291 5,682,933 5S 602 294 3.5668,729 015,031 431,766 953.302 090,283 1,172,250 1,392,806 1,353,136 L072,081 1,086,755 L002 408 205,119 358,752 359,928 pee. ei i97,11¢ 59.299 718,868 591,932 691,196 640,174 R05.486 332, 8 701,766 728,493 744,390 747 2413 e212 8.961 48,452 109,930 585,973 40 0592 -5, a7 156,:. v -374,360 207 097 COMPARATIVI CONSOLIDATED BALANCE ° TVET, As of Dec ASSET! 1929 rog Plants and equipment... . 086,125 763 Real Estate _..._..._.. 32,902 29 Sinking Fund .... 12,684 I. Cash «ooo. 04,2414 6 Special Cash Funds.................. €,956 | Fund Transfer Loans....... _._ .... bed Accts. Receivable oo... : Materials and Supplies........................ Deferred Assets .._..... Co Unadiusted Dehite Deficit ............... TOTAL ASSETS 7 Cum'tive Deficit "60,705 7.879 “163 575 491 3,359 5,928 »90,782 594,153 537,663 911,823 704 825 Mi 1927 * 080,409 124,146 . 8,316 7 625 40 10 06 ry rq R92 29a