THOMSON'S MANUAL
FUNDED DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized Outstanding
1. First Mortgage Bonds.......... 7% 3-1-24 1925-34 $250,000 $154,000
2. General Mortgage Bonds........ 7% 4-1-25 4-1-35 $200,000 $124,000

1. FIRST MORTGAGE BONDS
glraerest Sayable: Semi-annually, mium varying with maturity dates.
Mar. 1 and Oct. 1. Sinking Fund: Of $25,000 and inrine
 Payable: $15,000 each Mar. crease from returns on investment.
an ct. 1.
Trustee & Registrar: National Bank Tax Status: Company pays normal
»f Commerce, Seattle. Federal income tax up to 2%.
Denominations: $100, $500, $1,000. Security: First mortgage on all the
Callable: Before maturity at pre- physical assets.

2, GENERAL MORTGAGE BONDS
interest Payable: Apr. and Oct. 15. Tax Status: Company pays normal
I'rustee: Skagit National Bank, Mt. Federal income tax up to 2%.
/ernon. Wash ’ Security: Mortgage on physical as-’
 ’ sets of Skagit County Dairymen’'s As-Denominations:
 $100, $500, $1,000. sociation, but junior to First Mortgage
Callable: Bonds are callable. Bonds.

SMITH CANNERY MACHINES COMPANY

GENERAL OFFICE: 2423 First Ave. So. Seattle, Wash.
HISTORY: Incorporated under laws of Washington, having its inception in 1901.
BUSINESS: Company manufactures machinery used in the salmon packing injustry,
 the principal product being a machine known as the “Iron Chink,” which
automatically butchers, cleans and prepares salmon for canning. The development
 of the salmon industry owes much to this machine, which was invented
in 1901 by E. A. Smith, one of the founders of the company.
The company also manufactures other precision machinery for the canning
ndustry. Its principal market is among fish canneries in Oregon, Washington,
British Columbia, Alaska and the Orient.
PW PICERS: Darrah Corbet, Pres.; O. R. Rabel, Vice Pres.; E. A, Strout, Jr., Secyreas.

DIRECTORS: TU. M. Dickey, Ralph H. Miller, John Wallace, E. H. Waugh.
CAPITALIZATION: Par Value Authorized Outstanding
Common Stock . a $1 150,000 shs 148,100shs

Dividends: Irom Sept. 1908, to Mar,
1929, total of $517,500 paid, averaging
17% per annum. Commencing July 15,
1929, 4c per share paid quarterly, Jan,
Apr., July and Oct. 15.
Transfer Agent & F r«istrar: Nation-BALANCE
 SHEET,
ASSETS

Equipment, Patents, etc. ............$
Marketable Securities _................
[nventories ................ + ded BEE
Accts. & Bills Rec. .......  ..... ..
Due on Contracts .. --Accrued
 Interest .......
2aSh cee
Prepaid Insurance .....
TOTAT., ASSETS

23,560
F000
DOr

-

al Bank of Commerce, Seattle, Wash.
Public Offering: 90,000 shares by
Marine National Co., Seattle, March,
1929. Stock was purchased from individuals
 and did not represent new financing.


As of Feb. 28, 1929
LIABILITIES
“apital Stock aoeeeees ser ciieeceee... $148,100
Accounts Payable coe. 13,715
Reserve for TaXesS...ccocreoieeimucramnnnnn 7,731
Other ReServes .ciccccomccemenmnnns 3,600
Surnlus cee. eeemmaneonoaenne 10.295

TOTAT, ILTARILITIES .............3183.441

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