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., Michi- 
gan Trust Co. co-trustee. 
Registrar: National Bank of Com- 
merce, 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. Van- 
mmexpired vear rouver. [Ltd Oct 1927 at 100