LUMBER AND TIMBER COMPANIES
COMPARATIVE BALANCE SHEET, As of
May 31, 1930 Dec. 31, 1928
eeen-$2,069,449 $2,228,366
ee 107,974 107.828
.. 588,245 993,537
-- 360,000 360,000
© 952 1047
1g
4
AS EN
Dec. 31,1927
$2,175,922
107,828
1,075,851
360,000
C007
445
270
“15
“99
90
Timber ....
Real Estate.
Equipment smn SER GASES
Securities ........ eemane
Sinking Fund ..... temo amnan
Purchase Contract ... CPR
Deferred Charges ..... ean =
CT HBN oman erermmmmnaman an
Accounts Receivable .......
Inventories ......... eer meeenmameamaanan
Deficit ..
TOTAL ASSETS ...
05¢
LIABILITIES-First
Preferred Stock.....o.d
Second Preferred Stock...
Common Stock ...... emmemmmEnn sansa nns San nn seis
Funded Debt ......... a mmeamemeememmeeneeeaenans
Preferred Dividends Due... - ee
Bank Loans .........
Accounts Payable .
Interest Accrued ..
Tax Reserve ....._.....
Wages Payable ........
Other Reserves ..........
suronlus
250,000
$49,000
2.000,000
"87,000
"9,344
5,000
9,132
nage
0
.0
00
15
a
sa 00
N00
S00
L000
-55,500
00,000
26,209
771
‘9
6
“5
17
ne
036,24 ¢
"UNDED DEBT, af May 31, 192¢
Guaranteed First Closed
Mortgage Sinking Fund Rate Dated Due
Gold Bonds ..... . 1% 2-1-14 2-1-34
TOTAL, T.TARILLITIES
Authorized Outstanding
$1,000,000 $387,000
and removed to be used to retire this
Issue,
Tax Status: Company pays Federal
income tax, 2%.
Security: First mortgage on fixed
assets and personally guaranteed by
E. B. Clark and Moritz Thomsen, of
Seattle.
Legal Opinion by: Messrs. Peters &
Powell, Seattle.
Offered by: Geo. H. Burr, Conrad &
Broom, Pierce, Fair & Co. Seattle;
Lacey Securities Co., Chicago, Ill
Date Cfr.red: Feb, 1924. Price: Par.
isted+ *n Seattle Stock Exchange.
I' ice . LDhx i 1928
High a7 101
Low 47 99 14
Interest Payable: Feb. 1 and Aug. 1
at National Dank of Commerce, Seattle,
vr Continental & Commercial Bank,
“hicago.
Trustee: Montreal Trust Co., Michigan
Trust Co. co-trustee.
Registrar: National Bank of Commerce,
Seattle.
Registerable: As to principal only.
Denominations: $500 and $1,000.
Callable: In whole or part on 30
days’ notice at 102% up to Feb. 1,
1927, and thereafter at 149 for each
1nexpired year.
Sinking Fund: Semi-annually of §2
per thousand feet for all timber cut
THURSTON-FLAVELLE INVESTMEN
3
a
WMP
GENERAL OFFICE: Vancouver, B. C.
SUBSIDIARY OF: Thurston-Flavelle, Limited.
HISTORY: Incorporated to hold certain assets of the parent company.
PROPERTY: Owns timber lands on Menzies Bay, Vancouver Island, containing
L00.000.000 feet and 509% of the Common stock of Lamb Lumber Co., Ltd
“TYDED DEBT, As of Dec. 31, 1929
First Mortgage Sinking Rate Dated Due Authorized Outstanding
Fund Gold Bonds ........_ Tet 10-1-27 10-1-32 $150,000 $120,000
interest Payable: Apr. and Oct. ~ at + Sinking Fund: $2.00 per 1,000 feet
Bank of Montreal. stumpage on all timber cut.
Principal Payable: $30,000 paid Oct. Secured by: First mortgage on all
l, 1929; £40,000 due each Oct. 1, from the properties of the company, includ-1930
to 1932, inclusive. ing timber lands, stock holdings, etc.
. Trustee: Canadian Permanent Trust Also guaranteed bv Thurston-Flavelle
“Registernble: As to principal Ltd.
Denominations: Coupon, $1,000. Legal Opinion by: Walsh, MelKim.
Callable: On any interest date in Housser & Molson, Vancouver, IB. C.
whole or part at par plus 1 for each Offered by: Pemberton & Son. Vanmmexpired
vear rouver. [Ltd Oct 1927 at 100
