0 
THOMSON'S MANUAL 
371% cents per share per six months 
period on all Class A Participating 
preference and Common stock. Pre- 
ferred as to assets over the Common 
stock in case of voluntary or involun- 
tary liquidation to the amount of $30 
per share; after liquidation of Common 
stock at $30 per share, any remaining 
assets shall be divided between all out- 
standing Class A Participating Prefer- 
ance and Common stock, share for 
share, proportionately. 
Convertible: Non-voting except that 
1fter passage of dividends as provided 
for two years, it shall rank pari passu 
with the Common stock, share for share 
in voting rights. 
Dividends: $1.75 per share, per an- 
num, payable semi-annually, Jan. and 
July 1, paid regularly to July 1, 1930. 
Listed: On Seattle Curb Exchange. 
COMPARATIVE INCOME STATEMENT, 9 Months Ending Dec. 31, 1929 
Gross Revenue (7 hotels) ...... eee $695,778 
Nperating Expense .......... eeeemeeremaerenanaenenee 473,498 
Net Earnings ... eeeeet eee oaeennn emma $222,280 
Add Cafe Profits...... — Ce eememeaefeaneesseSeoeoeceemmeesieeseseeseieeiiiieoiieessiiesioie 4,628 
Add 250 Elman Hotel Profits. ieee eeecicoctimrarmmee amore eran na anas 5288 
Total Income ... 
ess Depreciation, Amortization... 
cereeeeeeeenn- $232,196 
eerie. 64,356 
Federal TAXES auieerreceemecccimcemarecnnmnr mm naenamasaonamnananes 
nterest Paid ooo 
Net Income (Actual 9 months on 7 hotels) cnet renee $58,959 
Net Income (Estimated on annual DBaSISY eee 71,833 
Company estimates that annual net income from entire operations, including 
new hotels now operating and to be operating (based on 19 vears' experience) 
will be $129,246. 
CONDENSED BALANCE SHEET, As of Dec. 31, 1929 
(After Giving Effect to Certain Pending Financing) 
ASSETS LIABILITIES 
Due from Subsidiaries...............$ 140,603 Accrued Payroll 
Due from Allied Companies.... 1,369 Accounts Payable . 
Subscrip. to Capital Stock....... 500 Due to Subsidiarie: 
Stocks of Subsidiaries— Preferred Stock 
Preferred «............. eee. 385,850 Class A Stock........ 
COMMON eooeeeeeeeoeeeeeeeearacnnneeneneee. 1,070,655 Nommon Stock .cciiiiiiieens 
TOTAL ASSETS viene $1.598.980 TOTAL LIABILITIES ..........51,598,980 
FONSOLIDATED BALANCE SHEET (Including Subsidiaries), As of Dec. 31, 1929 
(After Giving Effect to Certain Pending Financing) 
ASSETS LIABILITIES 
Current: 
PMAED  ..ooroemnemmA ERE en 
Accounts Receivahle ....... we 
Prepaid Expenses ............ 
Accrued Int. Receivable.......... 
(nventories _............... I 
Total Current Assets...__.......t 
Fixed: 
Land & Bldgs. Fee Title. ... 1,637,117 
Furniture & Equipment... ... 469,680 
Leaseholds ....... .... 944,094 
AULO BUS cioimeeemeecceaceonenee cceeemanens 1,583 
Montracts Receivable _.............. 97.2R7 
Total Fixed ASSetS..............$3,149,¢. 
Investments in Allied Co.s........ 52,291 
Due from Asso. Companies... . 71,093 
Appraised Val. of Leaseholds: 89,570 
Due from Stockholders............ .- 7567 
Subserip. to Capital Stock... 4.377 
TOTAL ASSETS .ooooiiieeennn$3,433.479 
tPRanlk value per share. $22.54. 
Current: 
Votes Payable ..coocoveoccrceccccnnel$ 
rgxes Payable iinet 
Accrued Interest ........ocoooceereens 
Total Current Liabilities......$ 58,616 
3onds Payable omer 271,160 
Viortgages Payable .._......... 39,194 
teal Estate Contracts................ 357,100 
‘ontr. Payable—Leasehold........ 298,589 
Jue on Furn. & Fix. cee. 254,353 
,. I. D. Assessments................ 2,875 
Jnsecured Notes Payable... 32,500 
>repaid Sub-Rentals .....ccooooveeeee 10,520 
>réferred Shares .oooooeeoiimeeeeees 431,415 
Jlass A Shares...oooeeeooeees 500,000 
‘Common Shares .........coocceeeceeees 663,763 
vdinority Interests .........ccoceeeees 13,403 
TOTAT., LIABILITIES ene.$3.433.479