Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section III. Insurance companies

Collection:: Economics Books

THOMSON'S M:? Loew receives total of $125 per share, thereafter all remaining assets distrib- uted to common stockholders. No mortgages, liens or other incum- brances may be created, except pur- chase money mortgages, and no stock having preference or priority over the Class “A” can be issued without con- sent of owners of majority of shares of the Class -“A” Stock. No additional Mlass “A” can be issued without the consent of preference holders unless and until net profits of Company for 12 months preceding the issue have amounted to one and one-half times preference dividend requirements of 5% on Class “A” Stock which would be Jutstanding after additional issuance. Rights: Stockholders have preemptive rights of subscription to $600,000 Class A Stock, whenever issuance thereof is authorized. Callable: At 125 on 60 days’ notice, with consent of State Insurance Com- missioner. Voting Power: Has no vote except in the event of non-payment of dividends 2. COMMON STOCK. Provisions: Entitled to 6% dividends Voting Power: Has one vote per after Class A Stock and participates share except as stated under Class A. equally share for share in further divi- Dividends: (Payable quarterly, Jan, dends until common and Class A have Apr., July, Oct. 1.) 1912, $4.60; 1913, $6.00; each received 10%; further dividends 1914, $5.75; 1915, $2.75; 1916, $3.75; 1917, are payable to common only. Entitled $3.00; 1918, $7.50; 1919, $9.00; 1920, $8.00; to $100 in liquidation, after Class A has 1921, $8.00; 1922, $8.00; 1923, $8.00; 1924, received $110 and participates equally, $10.00; 1925; $10.00; 1926, $15.00; 1927 share for share, in remaining assets $15.00: 1928, $12.50; 1929, $12.50. until Class A has received $125; re- Transfer Agent: The Company. maining assets to be distributed to Registrar: Seattle Trust Company. common. Number of Stockholders: 148. COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 EARNINGS— 1929 928 Title Insurance Premiums .. ae 121 - 963 ADSEYACES, coommmmemmemcaommmmrmssmssnscmsnmmsremsmaanmtannses =o id 791 Tax Registration, Escrows, Etc... ‘ Commissions Received oa eee em———a nn em EAS Dividends, Interest and Rentals. oe ccccraemnnnns Sundrv Receipts acocimimeenees See 1927 $475,880 51,096 31.349 8.007 48,148 13.015 5,874 £12,462 ~13,412 .7 96.000 $ 23,412 "76,000 ¢ 12.90 GROSS EARNINGS .ceiemirinnanenann Operating Expense, Taxes, TRC even mivisninnnsins Net Earnings -cccoeceeeeeemcceeene = Common Dividends Paid. ....ccooemeeeeaee Oi Surplus for Year ein Class “A’ Shares Outstanding. ......ooceeieroeaneens Common Shares Outstanding... ooreeennens Earned Per Share iii eeieacanninees On combined class “A” and ccmmon. COMPA™ "7 VE STATEMRNT. As of Dec. 31 ASSETS— 1929 1928 TASH ooeeeeeoocaemmaeoceeeeomcmsssasomeseszassesmssosiessosasssassssesessooos 2,911 243,865 Securities with State Treas.......cooecomiimiieciuennes £9,650 203,650 Bonds and Mortgages on Hand... —reeeeee 7 866 “44,281 Accounts Receivable aot © eennnieneneen 291 +1,146 Title Plants ccceeccccomoen + 0 mmeecomssmmmmemsesiomsenn vr “6 900 Real EState ocean ceneeenee Real Estate Contracts .iiienannaer Prepaid INSUTANCE coo ecmmesaienns crmnossenssesess Miscellaneous Assets CENER IRE SE mmm nan pond A TOTAL ASSETS eimai LIABILITIES— Class A Stock... Common StoCK ieee Surplus and Undivided Profits. .ccocceeiaamann. Reserves (Taxes, Losses, Bted oo... een Contracts Payable ........... nnenmmennmanys SHEERS Rserow Liability einem enannonoooenee vOTAT, LIARILITIES __.... 025 .,500 6,000 0 Na 180 6,000 19 28 1927 251,035 201,560 437,406 142,238 “90.000 4,150 2.661 ¢1 9EQ (FR 600,000 400,000 219.582 TRG 574 21 25 905A 60.894 “1 211 45

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