PUBLIC UTILITIES
185
CONSOLIDATED BALANCE SHEET, Ax of June 30. 1929
ASSETX-
Cash oe eee
Dominion Bonds and other securities.................. o.oo a.
Accounts Receivable .......______. Ce eememmeemeeememeemseesseeseesssessessesssesassesnesenesene ae.
Insurance and Prepaid TLem....ammiissesssmmssssesssssansssmsassssnssss sass sswaasns
Employees’ Housing Loans, ete. iin.
Stores and Supplies .... erveeanemneneenn——-
Total Current Assets...
Sinking Fund ...................
Plants and Equipment.
TOTAL ASSETS ....
2,131,627
3,701,976
'.536,199
118,368
555,873
2 562 009
ceveeevesneeneeeeenneaned 10,636,005
sense 290,391
ceeeeneaneene 120,445,467
12
LIABILITIES—
Accounts Payable and Reserve for Taxes...............
Bond Interest Accrued.........
Dividends Declared ..
2.975,294
501,691
749.600
Total Current Liabilities...........
Bonded Debt .... cove me mmm m mmeen a . . ne
Depreciation and Renewals Reserve. eerie eeneanns, .
General and ACcCiAent Beemer vl... sasiss ssi sss ssa yrs sis seas sn a
Capital Stock and Surpluses.. eens
4,826,009
R 804,749
2,142,074
®,194,524
,800,450
36.203.529
TOTAI. LIABILITIES .....
121 271.912
FUNDED DEBT
First and Refunding Mortgag.
Collateral Trust Bonds.
Series A .....
Rate Dated Due Authorized Outstanding
rece 3-1-30 3-1-60 $10.000.000 $10,000,000
Interest Payable: Mar. and Sept. 1,
at Royal Bank of Canada, or U. S.
Agency in New York, or Royal Bank
of Canada, London.
Further Issues: No limitation im-
posed on total aggregate amount, sub-
ject to restrictions of trust deed.
Trustee: Montreal Trust Co.
Registerable: As to principal and
coupons in 1,000 and 10.000 denomina-
tions.
Denominations: $500, $1,000, $10.000.
Callable: As whole or in part on any
interest date on 60 days’ notice at 105
before Mar. 1. 1935. and thereafter at
3, % less for each 5 subsequent years.
Sinking Fund: Annual cumulative
und commences March 1, 1935, suffi-
cient to retire by maturity one-third of
honds of Series A.
Security: Are direct obligations of
British Columbia Power Corp. Ltd.
Legal Opinion by: Robertson, Doug-
las & Symes, Vancouver, for company;
Brown, Montgomery & McMichael & E.
R. Parkins, K. C., Montreal, for bank-
or.
Offered by: Wood, Gundy & Co,
.td.; Nesbitt, Thomson & Co. Ltd. &
Andrew Holt & Co... March 1936 at 98.
BRITISH COLUMBIA TELEPHONE COMPANY
GENERAL OFFICE: Vancouver, B.C.
CONTROL: By National Telephone & Telegraph Corp.
HISTORY: Incorporated under laws of Canada, in 1916, as the Western Canada
Telephone Co. Name changed Feb. 8 1923. Formerly leased and operated the
British Columbia Telephone Co., Ltd., which was incorporated in 18491 as the
Vernon & Nelson Telephone Co. and changed its name in 1903. The Provincial
Co. ,and the Delta Telephone Co. were acquired in 1923.
BUSINESS: Company operates extensive telephone system in Southern British
Columbia, including the cities of Vancouver and Victoria. Vancouver Island
connected with mainland by submarine cable.
FRANCHISE: The company has the right to operate in perpetuity telephone
service in British Columbia.
OFFICERS: G. H. Halse, Chr. of Bd.; Gordon Farrell, Pres. and Treas.: H .L.
Harris, Vice-Pres.; J. G. Crane, Vice-Pred.; James Hamilton. Vice-Pres. & Gen.
Mgr.; IL. G. McPhillips, K. C., Sec.
DIRECTORS: G. H. Halse, G. Farrell, J. W. Perry, Hon. G. H. Barnard, lL. G.
McPhillips, K. C., J. G. Crane, H. L.. Harris, E. C. Blomever, A. E. Tregent.
Fiscal Year Ends: Mar. 31. Annual Meeting: 3rd Thurs. in June
CAPITALIZATION, As of Dec. 31, 1929
Authorized
$1,000,000
$4,500,000
24 500.000
