140
THOMSON’S MANUAL
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
1929 1928
412,476 208,319
215,677 332.314
.€,790
IR. 015
1927
-15,729
214.289
230,018
21.682
-308,336
226,827
«525 1682
Gross Revenue ...................
Operating Expense .......ccccooeeee.
Net Operating Result...
Other Income .......
TOTAL INCOME .iiiiiccecieiee en
Interest, Amortization, etc.
NET DEFICIT eeeieeeeeeaemeeeacmeeneee
— Deficit.
5a G98
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31
Assets— ‘929 1928
ABUL. oe mesensnsvareoromsnrunnnmsnrsmnemony sans s dissin RE stem utnnl 74,815 96,378
Accts. & Notes Receivable.iiccceceee. (9,842 282,228
inventories .... eeeereeanaemeneamnmnnes 901.018 142,829
Total CUrrent ASSetS.............os 1,155,675 135
Deposits, Trust Indent. oie 343 145
[Insurance Deposits .. RRR RAE 18,148 6,393
Damage Claims oeeremrernrees ees 36,051 6,608
Due from Affiliated Co.s ............... eee 117,965 7,742
Association Memberships .........ocot ciieiiain 1,101 1,102
Timber Lands and Rights.......occooiiiieecceeeeee 9,577,919 5,904,343
Logging Equip. etc... eeeeamemeaeeesneennneenee 1,496,773 +,540,745
Bond DiSCOUNT meee imeem eee een 95,439 116,993
Prepaid Ins. Supplies. ete. ieee 83.892 212,681
TOTAL ASSETS ...... ee eeee-$8.883.3086 $9.272,191
LIABILITIES AND CAPITAT.—
Accts. & Notes Payable..........
Accrued Payrolls
Accrued Interest ooo
Accrued Taxes .. _
1927
5 85,996
259,555
1.065.538
© 111,089
3,273
1.254
1102
5,377,553
1,662,805
139,325
280,207
20 886.609
89,335
22,727
32,350
10.291
Total Current Liabilities _......... .. 254 704
Rail Purchase Contracts... 0,375
Funded Debt .oooeereiceciiiiiiieen _,124,800
Reserve, ele. ...csmsssgmmminessoonss r——- 13,187
7% Preferred Stock... .. 2€0,000
TOMIMON SOCK anneeeeeceeeeeeeeeaeerimmeanmeenanneneeeee a DTT ARQ
Jurplus & Appreciation ....cocceeeveereecacceen. 3.549 789
TOTAL LIABILITIES eee. $8 8R3.304
160,710
23,224
41,726
144.013
© 369,673
24,217
2,666,600
51,950
1,360,000
1,677,450
3.836.819
2G RKRAH.609
99,796
10,417
£08,100
41,709
50,000
517,450
2,674,718
0 272 191
FUNDED DEBT, As of Dec. 31, 1929
First Mortgage 6% Sinking Rate Dated Due Authorized Outstanding
Fund Gold Bonds... ..oooceeeeeceeeenceee. 6% 4-1-27 4-1-42 $2.750.000 $2,124,800
Interest Payable: Apr. and Oct. 1 at sinking fund amount sufficient to make
vffice of A. G. Becker & Co., Chicago. total pavment equal requirement on
Trustee and Registrar: Continental 100.000 000 feet a year.
fllinois Bank & Trust Co. Chicago. Tax Status: 29% Federal income tax
Registerable: As to principal. pata by company. | Bn. and G20, 2
i i . mills, Minn. 3 mills, vy. 5 mills, .
Denominations: $1,000, $500, $100. 11, mills refunded within 0 days after
Callable: As a whole on any inter- payment.
est date on 60 days’ notice at 105 and Security: First mortgage on all
hitguest, ang 2 part for sinking fund fixed properties of the BE pany in-
at ve an mn erest. . zluding logging equipment and 23,016
Ang 22000 iaieny afiop acres of land estimated to contain 2,-
’ ’ ’ ’ 7,000,000 f ‘chantahle tim-
150,000,000 feet of timber shall have 2en.0004 feet of werchantehic sn
been cut, whichever shall be earlier, Lezal Opinion by: Arthur B. Schaf-
31.28 oor thousand Bet a fer Chicago for {he bankers; Massey
cu rom mo fo} A eb, ’ 3 el By a
thereafter $2.50 per thousand feet until dlolmes, Kansas City. Mo.. for the com-
a total of 1,000,000,000 feet shall have bany.
peen cut, and thereafter $3.00 per thou- Offered by: A. G. Becker & Co., Hal-
sand feet. In event amount of timber sey, Stuart & Co., Ames, Emerich &
ut averages less than 100,000,000 feet Co. Baker, Fentress & Co.. Chicago.
an vear Companv shall pav into the April 1. 1927. at 100.
