Squibb Building
(New York City)
First Leasehold 1944 Sinking Fund 6%% Bond Certificates

Amount: $4,500,000.
Dated: July 1, 1929.
Maturity: July 1, 1944.
Interest: January and July 1.
Denominations: $1,000, $500 and $100.
Taxes: 2% Federal--Minn.,, Montana, Penn,, Conn.,, Vermont,
Calif, Oklahoma, Maryland, Dis. of Col, Mich., Colo., Kas.
Ky., Wyoming, Nebraska, Virginia, New Hampshire, Mass.
Redemption: For Sinking Fund 101—otherwise 102.
Trustee: Straus National Bank & Trust Company.

Appraised: Kenneth Slawson Hobbs, Inc., $6,800,000.
Assessed 1930: Land, $4,200,000; building not completed.
Security: Leasehold estates in plot of ground on the southeast
corner of 58th Street & 5th Avenue, 118914” x 200’, irregular,
 area 21,929 square feet—subleased by Obligor from an
original lessee. Lease expires in 1950, with two 21-year
renewals, ground rental, after 1932, to maturity of bonds,
is $295,000 per annum, Option to original lessee to purchase
fee, after May, 1939, at an appraised value, but not less
than $4,915,000. Frederick Brown, president of original
Lessee, guarantees to sub-lessee (Obligor on these certificates)
 performance of all the terms and provisions of the
original lease, including purchase of fee. The site is improved
 with a 32-story stores, office and showroom building,
 completed within last few weeks. Building opened
May 1, 1930. Property well situated, and rentals to date
are approximately 50%, in addition to pending leases.

Allerton New York Corporation
First Fee 5%% 1947 S. F. Bond Certificates
Amount: $4,250,000; retired, $116,500: outstanding, $4.133.500.
Dated: January 1, 1927.
Maturity: January 1, 1947.
Interest: January and July 1st.
Denceminations: $1,000 and $500.