THOMSON'S MANUAL
a Trustee: Spokane & Eastern Trust Tax Status: Company pays 29% Fed-
o. eral income tax.
Denominations: $100, $500, $1,000.
Callable: At $1021 first 5 years and Offered by: Murphey, Favre & Co.
15% less each vear thereafter. Spokane. Wash.
TULL & GIBBS FINANCE CORP. 7% COLLATERAL TRUST NOTES
~00,000 Dec. 15, 1929, to June 15, 1938; $50,000,
5.000 Dec. 15, 1938.
-— Interest Payable: June and Dec. 15,
Outstanding, June 1, 1¢50...... ___ ,000 by trustee,
od Dec. 15, 1928. Due: Serially, o Trustee: Spokane & Eastern Trust
1929-38. ’ o.
Security: Conditional Sales Con- plan or acs) Jays Motice at par
5 - 4 7/0 3
tracts deposited with trustee. Offered by: Murphey, Favre & Co.,
Maturities: $2.500 each June and Spokane, Wash.
VULCAN ENGINEERING WORKS, Limited
GENERAL OFFICE: Vancouver, B. C.
HISTORY: Incorporated under laws of British Columbia in 1930, to purchase the
business and the manufacturing plant and machinery, together with stocks of
materials on hand, unfinished contracts, lands, leases, etc., of the Vulcan Iron
Works, Ltd.,, which was established in 1907. Also acquired the business, plant
and property of the Wallace Foundries, Ltd., a competing plant, for $50,000.
CHARACTER OF BUSINESS: Manufactures steam and heating boilers, tanks
of every description, digesters, retorts, penstocks, structural steel, steel bridges,
and all classes of heavy steel and iron products.
PROPERTY: Plant, located on Granville Island in the city of Vancouver, on
property leased from the Vancouver Harbour Commissioners, consists of hydrau-
lic presses, bending rolls, drills, punches ,shears, hydraulic riveters, lathes, drill
presses, electric cranes, air compressor equipment, electric welding equipment
and the usual sundry tools and equipment.
DIRECTORS: M. Y. Aivazoff, Pres. and Managing Director: H. J. Turney, H.
Smart, Victor W. Odlum, Geo. H. Martin.
CAPITALIZATION. As of Feb. 28, 1930
Par Value Authorized Outstanding
1. 7% Preference Stock..eeeeeeaaceeee. $100 $200,000 $150,000
2. Common Stock veeeueseeeeeee-NoO Par 20,000 shs 20,000 shs
1. 7% CUMULATIVE PREFERENCE SINKING FUND STOCK .
Provisions: Preferred as to assets jends on 30 days’ notice in whole or in
and cumulative dividends. Consent of part.
75% of the preference shares outstand- Voting Power: No vote, excepting in
ing 1s necessary to create additional ihe event of default of dividends for a
preference shares or other securities ,erjod of six months, when the prefer-
ranking equally with, or in priority to, nce shareholders have one vote for
the preference shares now to be issued. 2ach share, and at the same time the
No further issue of preference shares votes for ordinary shares reduced to
is to be made unless issued for cash to ne vote for ten shares, and in any
amount of par value. avent during this {inte the preference
Salaries of executive officers are not shareholders are entitled to elect a ma-
to be fixed or increased without the jority of the Board of Directors.
unanimous consent of all directors. Dividends: 7% per annum, cumula-
Sinking Fund: After two years 25% tive from March 1, 1930, payable quar-
oz the net profits of the company are terly, Mar., June, Sept. and Dec. 1.
0 be set aside and used for the re-
i Transfer Agent & Registrar: London
tpption of the preference shares of & Western Trusts Co., Ltd.,, Vancouver,
Provision is made that the under- B. C.
writers have representation in the Public Offering by: Victor W. Odlum,
Board of Directors so long as any pref- Brown & Co. in 1930 at $100, with
erence shares are outstanding. bonus of one and one-half Common
Callable: At 103 and accrued divi- shares.
BALANCE SHEET, As of Feb. 28, 1930
ASSETS LIABILITIES
Bldgs., Plant, Mach. Equip........$305,42} Preferred Stock .ieeececceeene-.oaa. $150,000
Leasehold Property . . Common Stock & Surplus............ 222,933
Goodwill eee
Current Assets: —
CASN eee nnn ..000 TOTAL LIABILITIES ..............$372,933
Stock on hand & work in prog.... 52.500
Total Current Assets..................» 67.500
TOTAL ASSETS wo... $372,933
