INDUSTRIALS 1A Il. CLASS A STOCK distribution of assets. Class A is non- voting and non-callable. Public Offering by: The company, at $12.50 per share. Number of Stockholders: 60. B STOCK Class A stock has been paid its $1.00 per share, Number of Stockholders: 45. Provisions: Has preference as to an- nual cumulative dividend of $1 per share. Entitled to $12.50 per share in event of liquidation, after which parti- cipates equally with Class B in further 2. CLASS Provisions: Voting stock. Draws $1.00 per share when and as declared by the board of directors after the WASHINGTON IRON WORKS GENERAL OFFICE: 1500 6th Ave. So., Seattle, Wash. BRANCH OFFICES: Portland, Ore. HISTORY: Incorporated under laws of Washington in 1908, succeeding Wash- ington Iron Works Co., established in 1882. BUSINESS: Company manufactures stationary engines, both steam and Diesel, steel castings, tractors, marine engines. Specializes in logging engines. Prod- ucts are marketed in all Pacific Coast states and in the Orient. PLANTS & EQUIPMENT: Company owns shops covering city block 600 x600 ft., located at 6th Ave. So. and Atlantic St., Seattle, with equipment for manufactur- ing heavy engines, including electric steel furnace and cupola for cast iron, com- plete boiler, pattern and forge shops. MANAGEMENT: Gerald Frink, Pres. & Mgr.: Francis G Sec'y.; C. F. Bridge, Treas. Directors: Same. GENERAL AUDITORS: E. G. Shorrock & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Sat. nn Number of Employees: 450. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized -.. $100 5,000 shs Transfer Agent: The company. Registrar: First Seattle Dexter Hor- ton National Bank. Number of Stockholders: 40. Listed on: Seattle Stock Exchange. Price Range: 1929—High, 120. COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 Plant and Equipment... reeemnensareeconeansnaroenennnenenne d 1,177,343 "1,193,307 Investments enema - 7,374 52,581 CASI eee eee eee eee 5,716 66,556 Notes and Accounts Receivable... £,989 £6,258 Inventories ....... eee etnenmemessessseeeeeesmeneneomomemmaan £01k 6,144 Patents ................. SHR pm 526 6,621 Deferred Charges .. f 246 92.496 TOTAL ASSET. LIABILITIF Capital Stock .. Funded Debt ........ ..... eeemmanna- Notes and Accounti3 I" "¥Y&. €coeeeeeeeecenr oo. Accrued Interest. Taxes. Wages oo... Reserves ............ Ce eeeeetoeecaceeceeeneemeepeeeeenan Earned Surplus .....__ Donated Surplus ........ TOTAL LIABILIT'ES ieee. "INDED DEBT, As of Dec. 31, 1929 First (Closed) Mortgage Rate Dated Due Authorized Outstanding Serial Gold Bonds.................... 6% 7-1-23 7-1-3¢ $500,000 $260,000 Interest Payable: Semi-annually, Tax Status: Company pays 29% nor- Jan. and July 1, at trustee's office. mal Federal income tax. Principal Payable: $34,000 on July Security: Closed first mortgage on I, each year 1924 to 1929, incl.: $33,000 all property of the company. on July 1 each year 1930 to 1938, incl. Legal Opinion by: Peters & Powell, Trustee & Registrar: First Seattle Seattle, Wash. Dexter Horton National Bank. Offered by: Blyth & Co. Geo, H. Registerable: As to principal only. Burr, Conrad & Broom, Union National Denominations: $1,000, $500. Bank, Seattle, Wash., July, 1923, at Callable: As a whole or in part on prices ranging from 99.62 for 1924 ma- any interest date, on 30 davs’ notice, ‘urities to 95.25 for 1938. at 102 Listed on: Seattle Stock Exchange.