PUBLIC UTILITIES 
PORT OF SEATTLE 
GENERAL OFFICE: Bell Street Terminal, Seattle, Wash. 
HISTORY: Established under Port District Act of State of Washington, by pop- 
ular vote, Sept. 5, 1911. District is a municipal corporation, deriving authority 
from electorate of the district (coterminous with King County) to whom all im- 
portant engineering projects and issuance of bonds must be submitted. 
The Port is managed by a commission of three members, elected by popular 
vote for four-year terms, expiring alternately, so as to preclude sudden changes 
in management. 
Assessed valuation of the district is $370,218,452, upon which is levied 1 mill 
annually for bond interest and retirement. 
BUSINESS: Powers of commission include right to acquire land for terminal 
development, to improve navigable rivers, to establish local improvement dis- 
tricts and to fix all rates on wharfage, docking, warehousing and other port 
charges. 
PROPERTY: Port owns 133 acres of waterfront property, improved with 8 
major terminals, with 16,736 feet of berthing space; cold storage, grain eleva- 
tors, warehouses and all appurtenances for cargo handling. 
OFFICERS: George B. Lamping, Pres.; W. S. Lincoln, Sec’'y; George F. Cotterill, 
Commissioner; J. R. West, Asst. Sec’'y; J. R. West, Port Engineer; W. A. Gleason, 
Asst. Engineer; W. 8S. Cahill, Traffic Mgr.; Matt H. Gormley, Auditor. 
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 
1929 1928 
9 Nal 
“Re 
Operating Revenue 
Operating Expense 
Net Earnings 
Depreciation ................... 
Interest, Discount, etc. ..... 
Net Profit from Operations...... 
Net Income from Taxes. ete. . 
Surplus for the year. 
—l.oss 
COMPARATIVE BALANCE SHEET 
199¢ 
ASSET 
Cash .ccoeeee... 
Accounts Receiv. 
Taxes Receivable . 
Advances 
4,62: 
“len 
le ... 
1 
3 
192 
gt 
1,128 
6,925 
020 
2186 
Total Current Assets ....... 
Fixed Properties 
Deferred Assets . 
TOTAL ASSET™ 
LIABILITTF 
Bonded Debt .._.... 
Surplus, Net Assets................ .... 
Accrued Rond Interest... ....o.ooooooooeooo. 
TOTAT, T.JARITILITIFS 
19.201 
2920 £¢ 
BONDS OUTSTANDING, As of Dee. 31, 1929 
Int. Pay. Rr 
Purpose 
Smith Cove... 
Smith Cove... 
Smith Cove... 
Smith Cove... 
Smith Cove... 
Smith Cove... 
Smith Cove...... 
Smith Cove......_. 
Smith Cove........._. 
Smith Cove............ 
Smith Cove............ 
E. Waterway........ . 
i. Waterway........ 7 
©. Waterway........ 1 1. 
HH. Waterway........ 111 
©. Waterway........ 1413 
. Waterway........ 1314 
Waterway........ 1:4 
Waterway........ 1214 
Waterwa- Ta 
Dated 
.. 1913 
1613 
4 
"4 
9 
I 
May 1 1942-55 
May 1 1924-52 
Jan. 1 1915-56 
fan, 1 1915-56 
April 1 1920-60 
April 1 1920-61 
April 1 1920-61 
June ? 1920-61 
Oct. "920-61 
June 920-6: 
June 923-6 
Jan. £13-5 
May 613-5. 
May 1 613-54 
Sept. L 913-55 
Sept. 1 913-55 
Jan. 1 ?914-5¢ 
June ! 1914-5: 
June { [914-5¢ 
Jent “1 A_RR 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
Serial 
v 
\ 
& 
J&) 
VT Re 
[ssued 
198 000 
L150 200 
160 00 
! 00 
00 
00 
00 
oe 
1] 
20 
00 
00 
S00 
J00 
0,000 
360.000 
40,000 
200,000 
275.000 
310.000 
Nutstd. 
©,000 
=,000 
5,000 
L000 
000 
000 
000 
200 
200 
000 
,000 
,000 
5,000 
0,000 
£6,000 
38,000 
32,000 
157,000 
219,000 
109 O00