Interest: May and November 1st.
Denominations: $1,000, $500 and $100.
Taxes: Fedo 2%——Any state and/or Dist of Columbia, up to
5 mills.
Redemption: 105 to Nov., 1931; then 102% to Nov. 1, 1933;
then 101% to Now., 1938; 101 to 1942.
Trustee: Chase National Bank.
Legal for Trust Funds in New York.
Assessed 1930:
Land .....coiviiiines einnnnn. coven. $2,440,000
Land and building (old part) .............. 7,500,000
New addition not completed or included in assessment.
Appraised: David Porter, Inc, Brooklyn, $12,230,750.
Security: Fee estate in entire block bounded by Clark, Henry,
Pineapple and Hicks Streets, in Brooklyn, and the existing
hotel and the 25-story addition thereon, completed in 1930,
Equity: These certificates are followed in lien by $500,000 614%
Series B certificates.
Earnings: This property is owned by a subsidiary of Bing &
Bing, Inc. Its earnings are consolidated in the income of
the parent company, which are reported on page 61.
Note: The Hotel St. George, new addition, has not yet come
into full earning power, it having been but recently opened.
Larrabee Building
(Chicago)
First Mortgage 5%% 1954 Sinking Fund Bonds
Amount: $2,000,000; $20,000 redeemed; outstanding $1,980,000.
Dated: February 1, 1929.
Maturity: February 1, 1954.
Interest: February and August 1st.
Denominations: $1,000 and $500.
Taxes: Federal 2%—Minn., Ky., Towa, California, Missouri and
Wisconsin.
Redemption: For sinking fund at par—otherwise 102%; to 1934;
102 to 1939; 101% to 1953; then par.
Trustee: First Trust and Savings Bank, Chicago.
Security: Fee estate in land 59,644 sq. ft., at the corner of
Chicago Avenue and Roberts Street, adjacent to the Chi-