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 VI. Public utilities

Collection:: Economics Books

PUBLIC UTILITIES oS DIRECTORS: R. E. Shotts, L.. A. Phillips, E. E. Smith. Fixenl Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in March. YUNDED DEBT: Retired at $103, Oct., 1928. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding Capital Stock ... eeemeeee $100 $500,000 $500,000 Ownership: Gen. Water Works and Dividendx: Paid quarterly at rate of Elec. Corp. owns all except directors’ 6% Jan. 1, etc. yqualifving shares. CANADIAN-AMERICAN PUBLIC SERVICE CORPORATION GENERAL OFFICE: Vernon, B.C. HISTORY: Incorporated under laws of Delaware. BUSINESS: Has broad powers permitting it to acquire, directly or through subsidiary companies, telephone, electric light and power, gas, water-works and other public utility properties. Company controls, through stock ownership, a system of telephone properties serving a total population in excess of 30,000 in the Province of British Columbia, Canada. The system operates 9 exchanges with 4,931 telephone stations or connections. The communities served through subsidiaries include Revelstoke (served by Solar Telephone Limited), and Enderby, Armstrong, Vernon, Kelowna, Peachland, Summerland, Salmon Arm and Penticton (served by Okanogan Telephone Com- pany), British Columbia. PROPERTY: Company owns 919% of Okanagan Telephone Company and all but directors’ qualifying shares of the Solar Telephones, Limited. CAPITALIZATION, As of Dec. 31, 1929 ‘ar Value Authorized Outstanding J Par 250,000 Shs. 14,000 Shs. ~o Par 100.000 Shs. 100,000 Shs. i. PARTICIPATING CLASS A, $1.75 OPTIONAL DIVIDEND SERIES. Provisions: Has preference over class solidated net earnings of the Company II as to assets in case of liquidation, and its subsidiaries, after maintenance when it is entitled to $30 a share; has and interest charges but before depre- preference as to cumulative dividends, ciation and profit taxes, for a period and is entitled to participating non- of twelve months out of the fifteen preferencial dividends as follows: >receding months, shall have been at After provision in any year for pref- east twice the annual dividend re- erential dividends on Class A Stock and juirements on all shares of Class A for dividends equal thereto on the Class stock to be outstanding after such pro- II Stock, the Class A Stock of this r0osed issue, or the bankers shall give series (together with the Class A Stock heir written consent to such issue. of any other series entitled to partici- Voting Power: Has no voting rights, pate therein) and the Class B Stock xcept upon default in the payment of are entitled to share equally in all :umulative preferential dividends for further dividends declared during such tiny twelve months’ period, in which year. ase and until such default shall be Callable: At option of company on ‘ured, Class A Stock shall have the any dividend date in whole or in part right as a class to elect a majoritv of by lot upon 30 days’ notice. at 35 and roard of directors. accrued dividends. Dividends: Dividends payable quar- Additional Issue: Class A Stock in erly Feb. 15, etc.. at the annual rate addition to the initial 14,000 shares may of one-tenth of a share of Class A stock he issued in one or more series, with >f this series per share or at the option variations as to dividend rates (payable 7f the holder in cash at the annual rate in cash and/or stock), redemption pro- >f $1.75 per share .accruing from Aug. visions (if any), conversion or optional ‘5, 1929. provisions (if any), participating rights Transfer Agent: Chase Nat. Bank, N. Lf anv), amounts payable Jpeg Liga 7, and Baltimore Trust Co. Baltimore. ation, provisions as to dividends being . Hyd ‘ - cumulative or non-cumulative, and in ooReRiaears oaomionl Noy, Bank, N.Y. certain other respects. After the issue * ent ’ of 14,000 shares of Class A Stock, no Legal Opinion by: Messrs. Cotton & additional Class A Stock shall be issued Franklin, New York, and Messrs. Law- (other than additional Class A Stock on & Clark, Vancouver, B.C. issued as stock dividends upon any Public Offering by: R. P. Clark & series of Class A Stock) unless the con- Co.. Vancouver, Sept., 1929, at $25. COMPARATIVE INCOVE STATEMENT, Years Ending June 30 1928 3 2167,65¢ 147 R17 Gross Revenues _...........oo.....o......... Operating Expenses and Taxes .. Balance oo... eee, nterest Notes and Minority Interests... LL Net Income for Dep.. Income Taxes and Dividends 315 n "we be 54 RRS

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