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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Document type:: Monograph

Structure type:: Chapter

Title:: Section V. Pulp and paper companies

Collection:: Economics Books

170 THOMSON® PACIFIC MILLS, LIMITED GENERAL OFFICE: Standard Bank Bldg., Vancouver, B. C. CONTROL: By Crown-Zellerbach Corporation. : HISTORY: Incorporated under laws of British Columbia, Nov. 14, 1914. as suc- cessor to Ocean Falls Pulp & Paper Co. Ltd. BUSINESS: Manufacturers of pulp, paper and lumber. PROPERTY: Pulp and paper mills of 270 tons daily capacity, at Ocean Falls, 390 miles north of Vancouver, B. C., 3% billion feet of timber owned in fee or held ander timber licenses and pulp leases. Water power plant located on Link river, estimated to develop minimum flow of 23.000 h. p., townsite of 400 acres of land. fully equipped sawmill. DFFICERS: Louis Bloch, Chairman of Board; A. B. Martin, Pres.; F. N. Young- man, Vice Pres.; J. H. Lawson, Secy.; Bernice H. Fraser, Asst. Secy.; H. C. Pim, Asst. Secy.: D. J. Goldsmith, Asst. Secy.; J. A. Young, Treas. DIRECTORS: Louis Bloch, A. B. Martin, J. H. Lawson, M .D. Hamilton, J. A. Young, W. J. Blake-Wilson, W. E. Wintemute, N. F. O'Brien, F. N. Youngman. GENERAL AUDITORS: Helliwell, Maclachlan & Co., Vancouver, B. C. Fiscal Year Ends: Dec. 31. Annual Meeting: Last Tues. in April, VYumber of Emploves: 1,000. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding I. 6% Cum. Pref. Stock.c. cc. rereceeeeeee. $100 $2,000,000 $1,933,400 2. Ordinary Stock erenreeeeee $100 $7,600,000 $7.500.000 i 6% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to 6% cum- ing shares. alative dividends and as to $100 per Ownership: 93% by Crown-Zeller- share in liquidation. No stock having bach Corp. aquality or priority may be issued Dividends: All paid up to Oct. 31, without consent of majority outstand- 1929. 2. ORDINARY STOCK Ownership: 93% owned by Crown- Dividends: 49% paid in Dec. 1928; Zellerbach Corp. none before or since. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 929 ‘928 72,163 2,262, 0 IE erp roan? 9 1927 $2,095,335 120A 875 Net Earnings acocceccremmemeeemmeomesencenns Interest. Amortization. Taxes. etc. ... Net Income ...... Preferred Dividends ............. Common Dividends -eeeeeeenes of 788.660 Surplus for the year... ........ ffarned per share Preferred Stock........... 53 Earned per share Common StocK............ 3.16 sTncludec ASR 029 dividends accrued from 1918 to 192% TOMPARATIVE BALANCE SHEET, As of Dec. 31 ASSET® 1929 1928 Properties ... .... 7,062,195 116,020,894" Inventories o.ccoeeeeceeeeeee — 968,793 1,838,056 Accounts Receivable ..... rome . 556,067 656,616 VAS eeeeeeoieemnmeeocaeseceennnnennannnannn - 7,766 150.653 Jue from Crown-Willamette.... . —— 5£0,000 we Sinking Fund ............. eteememeemnneanananne 238 05 Deferred CRATZES ccocciece ceccrccceccemreessnreeroermsmans 189.886 “8 TOTAL ASSETS ee erriaae22.820.224.745 -20 053.941 "ee 4 %0 1s 1927 516,579,553 2,359,602 394,011 148,147 13,340 212,473 219 707.126 LIABILITIES- Preferred Stock ... Ordinary Stock aceon. ERR ——- Funded Debt ieee eee ceencennmaeeneneeee Bills and Accounts Pavable..........ooeeeeee TaX RESEIVES ceccoomiiomimncocecmmamessnmameassonneerooan Accrued Interest cio + niin Dividends Payable eines wk Earned Surplus ieee eee 209 TOTAL LIABILITIES imams $20,053,941 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding I. 1st Mort. Serial Bonds........... 6% 2-1-17 1929-43 $6,000,000 $2,297,000 > Subordinated Mort. Bonds...... 6% R-2-15 8-1-45 $3.000.000 $1.785.900

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