INDUSTRIALS
COMPARATIVE CONSOLIDATED BALANCE SHEET, A- »{ Dec. 31
ASSETS- 1929 1528 1927
«(Oil Lands, Prop. & Equipment................[ 1,450,748 $58,264 492 $48,754,244
Tax Refund Claim... 121,403 eeeccnaans eeemmnennn
Investments and Advances............. it 22,187 806,926 317,859
Pan-Am. West. Stock........oo 950 1%
Stock Subscriptions Lal ———-
Prepaid Expense ... ’ © A0E
CABD cusmmsiissmminmae [ cere een r
Notes & Accts. Receivable.......................
Marketable Securities .. emer a
Inventories eememeeas
TOTAL ASSET
LLIABILITIE.
Preferred Stock
Common Stock ...
Funded Debt _......
Deferred Credits oo... iin iin.
Advance from Afriliated Companies....
GOolA NOLES umvmsiumssssnisson —ssmesissssssppsnsnripes
Deferred Purchase Obligation... .
Bank Notes ........... Cee
Accounts and Note-
Current Purchase ..
Preferred Dividends
Gas Tax ..
Federal Tax ......... :
Accrued Interest, etc. ........
Litigation Reserve ....................
Capital Surplus
Surplus ...
eee. $131.6
359.834.9220
9,997,500
? £51,031
£7,900
£,083
9 5490
6,458,500
29,232,325
12.650.000
16,064
~,000
2,402
0,934
. 4,960
«16,634
“52,236
72,692
4,000,00C
> 847,17:
1.351,%
427,000
471,982
690,000
427,252
237 496
ng
376,734
200,000
91.939
TOTAL LIABILITIES ............ .. .
*After depreciation and deple“i~n.
FUNDEFE" ’
J 692
“iy
€
.
jo
iE
d&
259 834.920
Outstanding
First Mort. Bonds Serie: $25,917,000
Pan-Amer. 1st Mtg........ $10,770,900
Real Estate Mortgage........ eevee vonnnnn $410.000
FIRST MORTGAGE & COLLATERAL TRUST 8% SINKING FUND
GOLD BONDS, SERIES A
Interest Payable: May and Nov. 1, not exceeding the redemption price;
at Bank of America, New York, or at amount to be increased proportionate-
Trustee's office. ly if any more bonds are issued.
p Lrihtees Security-Firs. Nat. Bank Tax Status: Company pavs 2% Fed-
*f Los Angeles. Ce. eral income tax and refunds Penn,
Registerable: As to principai Calif, D. of C., Conn. Md. Ky. and
Denominations: $1,000 and $500. Mass. income taxes ! ! ’
Callable: On 45 days’ notice at 102% EE Lo
and interest. Security: First lien on all real prop-
Convertible: Each $1,000 principal >rty now owned or hereafter acquired
amount of bonds convertible into 18 (except U. S. Govt. leases) and by de-
shares Common stock from May 1, 1929 Posit of all capital stock of the United
to April 30, 1932; 17 shares from May Oil Co. all Class A Common (voting)
1, 1932, to April 30, 1935; 16 shares from 2nd 79.8% of the Class B Common of
May 1, 1935 to April 30, 1938; 15 shares the Pan-American Western Petroleum
from May 1, 1938, to April 30, 1941; or Co
14 shares from May 1, 1941, to May 1, Offered by: Tucker, Hunter, Dulin
1944, Co., San Francisco; Hemphill, Noyes &
Sinking Fund: Starting Nov. 1, 1929, Co., Havden, Stone & Co. and Cassatt
$417,000 to be retired semi-annually at % Co.. New York. Mav, 1929, at 99.
2. PAN-AMERICAN PETROLEUM (CO. FIRST MORTGAGE 15-YEAR CON-
VERTIBLE 6% SINKING FUND GOLD BONDS
Interest Payable: June and Dec. 15, 1931; $195 through Dec. 15, 1934; $210
at Bank of America, New York. or com- through Dec. 15, 1937; $225 thereafter.
pany’s office. Sinking Fund: Starting Dec. 15,
Trustee: Chase National Bank of 1927, company delivers to Trustee 1-28
New York, Security-First Nat. Bank, of entire issue on each June & Dec. 15.
Los Angeles. Tax Status: Company pays 29% Fed-
Registrar: Chase Nat. Bank, New a2ral income tax and refunds Penn. and
York. Mass. state income taxes.
Registerable: As to principal. Security: First mortgage on sub-
Denominations: $1,000, $500 and $100. stantially all real estate owned in fee
Callable: As a whole only, except at date of mortgage, including about
for sinking fund, at any time on 60 1,242 acres of oil and gas land, a re-
days’ notice at 105 up to and including finery, terminals and storage plants.
Dec. 15, 1926; premium decreasing 4 % Offered by: Blair & Co. Inc., New
per year thereafter. York, Dec. 1925, at 99 and interest.
Convertible: Into Richfield Com- Listed on: New York Stock Ex-
mon stock at $180 through Dec. 31. change
of Dec. 31, 1929
2d “thie ‘uthorized
z5 tT at $75,000,000
12-15-25 12-15-40 $15,000,000
1930
