.UMBER AND TIMBER COMPANIES
GENERAL COUNSEL*+* McMicken, Ramsey & Rupp, Seattle, Wash.
Number of Employes: 500.
TAPITALIZATION, As of Mar. 1, 1930
Par Value Authorized
I. Cum. 7% Preferred Stock............... $100 $1.500,000
2. Common Stock .. wren LAL 30,000 shs
PREFERRED STOCK
ter Horton Nat. Bank.
Registrar: Metropolitan Nat. Bank,
Seattle, Wash.
Public Offering by: First Securities
Co., Seattle, Wash., July, 1929, at par
and bonus of 1 share Common stoclk.
1. CUMULATIVE 7%
Provisions: Takes preference over
Common stock as to 79% cumulative
dividends and as to assets in event of
liquidation.
Dividends: 7%, semiannually, Jan.
and July 1.
Transfer Agent: First Seattle Dex-
BALANCE SHEET, As of March 1
ASSETS
22,814
16.502
600
5.245
0.050
15,531
25,869
4.286
06,890
272.614
1.250
242,000
501.250
134,293
*1,502,196
FUNDED DERT,
First Mortgage Sinking Rate
Fund Convertible Gold Bonds....61% %
Interest Payable: Jan. & July 1 by
rrustee,
Trustee and Registrar: First Seattle
Nexter Horton National Bank.
Registerable: As to principal only.
Denominations: $1,000, $500.
Callable: As whole or in part on any
interest date, 3 vears after issue on 60
lays’ notice at 103 up to and including
Jan. 1, 1932, decreasing 4 9% each vear
thereafter.
Convertible: Up to July 1, 1934, 10
shares 79% Cumulative Preferred and
10 shares Common stock for each $1.000
hond. at holder's ontion.
Cash eeennns
Accts. & Notes Rec. ...._ ce
Jom. Stock Subscription...... ..._.
Interest Accrued .........
Dividends Receivable _.
[nventories ..........
{fash with Trustee..
Deferred Charges .
Real Estate ....
Sawmill
Office Furniture ...... Cl een
Veneer Plant Construc.ion......
Stock Wash, Veneer Co. ........
Dther Assets ....
TOTAL ASSETS _.
Accounts Pavaw.
Notes Payable ..
Pref. Dividends ~
Accrued Payroll:
‘ns. Payable _...
Accrued Interest
Funded Debt _...
Preferred Stock .......
Common Stock .....
Deficit .... __.
TOTAL LLIARILLITIES
$3,821
25,000
28,919
9.692
512
1.895
30,000
02,500
600
687
1. 502 196
x of Dec. 31, 1929
Dated Due Authorized Outstanding
7-1-29 7-1-44 $400,000 $400.000
Sinking Fund: Commencing July 1,
1932, company sets up sinking fund cal-
ulated to retire 759% of issue by ma-
urity, at rate of $12,500 each six
months to purchase bonds in market or
2y lot at call price.
Tax Status: Company pays 2% nor-
nal Federal income tax.
Security: Closed first mortgage on
all fixed assets.
Legal Opinion by: McMicken, Ram-
sey & Rupp, Seattle, Wash.
Offered by: First Securities Co. in
July, 1929. gat £99.50.
BEAR CREEK LOGGING COMPANY
GENERAL OFFICE: Portland, Ore.
HISTORY: Incorporated under laws of Oregon, 1923. Began operations in July,
1925. Capital stock owned 409% each by Daniel Kern and John Kiernan and 100
cach by J. HL. Wood and H. H. Fisher.
BUSINESS: Furnishes logs to the Portland and Columbia River mills.
PROPERTY: Approximately: 3,400 acres of timber land in Oregon, 25 miles from
Portland, originally containing 220,300,000 feet of timber.
DFFICERS and DIRECTORS: John Kiernan. Pres.: Daniel Kern. J. H Wood
H. H. Fisher, all of Portland. Ore.
Fiscal Year Ends: Dec. 31.
FUNDED DEBT, As of April 13. 1930
Date
First Mortgage Serial Rate Issued Matures Authorized Outstanding
Sinking Fund Bonds ..............6% 11-1-25 4-1-33 $700,000 $243,000
Interest Payable: A. & O. 1 at trus- for each unexpired year.
ees’ office, Chicago, Ill. Sinking Fund: Company makes pay-
Principal Payable: $100,000 Apr. 1, ment to trustee as timber is cut equal
1927 to 1932, inclusive: Apr. 1, 1933, to 11% times amount loaned.
$50,000. Tax Status: Company pays 29 Fed.
Trustee: Continental & Commercial Income Tax.
Ravings Bank, Chicago, Ill. Security: First Mortgage on prop-
Registerable: As to principal only. erty valued at $1,700,000.
Denominations: $1,000, $500, $100, Offered hy: Baker Fentress & Co.
roupons. and First National Co.. Chicago, Ill.
Callable: At $100 and int.. plus 4 9% Nov. 1425