LUMBER AND TIMBER COMPANIES
COMPARATIVE BALANCE SHEET, As of Dec. 31
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ASSETS—
Cash «com
Receivables ....
Inventories ......
J &
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Total Current Assets ..... -
Property (less depreciation) ..........o.oiiiiiiiiir cereeeiannn,
INVeSEMENLE coerusrsimmmsesrsess A SA ST ST
Stock Purchase Contraets......
[3ond Discount and Expense... i...
Deferred Charges .....
TOTAL ASSETS .....
LIABILITIES—
Notes and Accts. Payable. ieee,
ACCIUDIE cuwmmsnnmsnmmiis ee emma ane
Provision for Taxes.. el oe
Total Current Liabilities........................... en
Preferred Stock .. eememaeeenn—e———— a
Common Stock . NY
Funded Debt ...... een eeneeeneeneeseeaense——nnn
Reserves .oouomecoceecvnicnnnn. ee remeesesssesseneenneasam——n
Deferred Liabilities ....
Surplus ...
TOTAL LIABILITIES _.......
Net Working Capital... eee.
Ration Current Assets to Current Liabilities........
Book Value, Common Shares...
+ 43
1928
62,449
733.591
805.268
1,601,500
0,912,249
55,451
2,720
‘20
3
41.523
13.269. 044
+215
~ Jo
12.296
"50
91
297
239
255
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A
u.07
FUNDED DEBT, As of Dec. 31, 1929
First Mtge, and Refunding Rate Dated Due Authorized Outstanding
Sinking Fund Gold Bonds... 6% 9% 10-1-24 10-1-39 $6,500,000 $2,559,700
" Interest Payahites April and Oct. 1 at Tax Status: Pays 29; Federal Income.
“ontinental and Commercial Trust & Security: First mortgage upon 17,545
pavirgs Lank, Clicage, or U. S. Nat. acres of timber lands owned in fee and
Trustee: Continental & Commercial X12 acres timber rights carrying 994,-
Trust & Savin s Bank. Chicago 854,000 feet of timber (over 219% spruce)
Registornbles As 10 ‘princi Ro. and railroad and logging equipment.
Deaominationss Coupon L300 $500 ‘n addition the Corporation assigns all
and $1,000 * » dghes hmasy jes CHLTACE of purchase
TUN : . : Vit the nite States overnment
bie ASW Bolg ox in part on ey ‘overing 12,759 acres carrying 701,815,-
plus 19% per year in advance of ma- wa feof of poor (over 331% % spruce)
turity, the premium in no case to ex- filroad and plant.
ceed 2% 9%. Offered by: Baker, Fentress & Co.
Sinking Fund: Payments on a gradu- ‘ontinental & Commercial Trust & Sav-
ated scale according to timber re- ngs Bank and Harris Trust & Savings
leased, calculated to retire bonds before Jo., Chicago, and Blyth & Co., San
26 of timber is cut Francisco, Oct. 1. 1924 .at 100
PECK LOGGING COMPANY. Limited
GENERAL OFFICE: Vancouver, B.C.
BUSINESS: Logging of timber tracts and sale of logs and by-products.
PROPERTY, PLANTS, EQUIPMENT, ETC.: Company owns timber on eight
licenses, tributary to Frederick Arm, on Vancouver Island, cruising 105,000,000,
Owns operating equipment adeauate to turn out 10,000.000 ft. annually. Valued
in 1925 at $325,000.
OFFICERS: George A. Peck. Pres. & Treas.; L. B. McClellan, Secty.: 8 Mack
Smith, Director.
- DED DERT, As of May 1, 1930
Rate Dated Due Authorized Outstd.
7% 5-1-25 5-1-33 $125,000 $125,000
Interest Payable: May and Nov. 1 at 1l5¢ per lineal foot; shingle bolts, $1.50
office Freeman Smith & Camp, Port- per cord; piling, 2c per foot.
land or San Francisco. . Tax Status: Co. pays 2% Federal In-
Trustee: Yorkshire & Canadian Trust, come Tax.
r.td. : .
. . 2 Security: Closed First Mortgage on
Denominations: $100, $500, $1,000. otal fixed assets of company, now
Callable: Callable “by lot or in >wned or hereafter acquired
whole on 30 days’ notice on any inter- i : .
est date at 103. , Legal Opinion by: Douglas & Gibson,
Sinking Fund: First three years at Barristers, Vancouver, B.C.
$2.00 per thousand feet of timber cut. Offered by: Freeman, Smith & Camp
Thereafter, $2.25 per thousand. Poles. Co., Portland. Ore.. Mav. 1925. at 100.
