LUMBER AND TIMBER COMPANIES
WALTON LUMBER COMPANY
GENERAL OFFICE: Everett, Wash.
HISTORY: Incorporated under laws of Washington, 1913.
BUSINESS: Manufacturers and distributors of Douglas Fir and Hemlock Lumber.
Also manufacture Douglas fir veneer and plywood.
PROPERTY: Electrically driven sawmill, built in 1927, at a cost of $1,184,580.
Millsite of 100 acres, located on the Snohomish river, adjoining the city of Ev-
erett, Wash.
SUBSIDIARIES: The Wallace Falls Timber Co., which owns contracts on 260,-
000,000 feet of merchantable timber near Gold Bar, Wash.
Walton Veneer Co., which manufactures veneer and plywood.
OFFICERS: Clyde Walton, Pres.: Roy W. Thomas, First Vice Pres.; Edward I.
Wight, Vice Pres.
FUNDED DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized Outstanding
ee BU 10-15-27 1928-32 $250,000 $200,000
'—=-il & Oct. 15, Tax Status: Company pays 2% Fed-
eral income tax.
Security: Pledge of 2,999 shares of
a total of 6,000 shares of the Wallace
Falls Timber Co. and are guaranteed
by indorsement by Clyde Walton, W.
W. Walton, E. D. Walton, Roy W.
Thomas and Ed B. Wight.
Legal Opinion by: Donworth, Todd
& Holman, Seattle, Wash.
Offered by: Baillargeon, Winslow &
Co. (Seattle Co.), Oct.. 1927 at 100
Secured Serirl CG
Notes
Interest Payable-
it trustee's oi: _c.
Principal Payabl:. {25,000 each Oc-
tober 15, 1928 to 1%31, incl.; $150,000
Jct. 15, 1932.
Trustee: Everett Trust & Savings
Sank, Everett, Wash.
Denominations: $1,000, $500.
Callable: In inverse order on 30
days’ notice at 101 on any interest pay-
ment date up to Oct. 15, 1931, incl, and
thereafter at 100%.
WOOD & ENGLISH, Limited
GENERAL OFFICE: Vancouver, B. C.
HISTORY: Incorporated under laws of British Columbia, Dec. 1, 1917, as Nimp-
kish Timber Co. Name changed to above May 7, 1924,
BUSINESS: Organized to consolidate and operate a group of Crown Grant tim-
ber properties and perpetual timber licenses in the Nimpkish I.ake region on
Vancouver Island, B. C.
PROPERTY: Company owns 50,000 acres of land with standing timber esti-
mated at 1,300,000,000 feet. Timber Investment Co. owns approximately 1,500,-
000,000 feet of standing timber, unencumbered, 50% of which is tributary to
Wood & English, Ltd. properties. Wood & English also owns 18% of the capital
stock pledged under outstanding bonds. Equipment includes 6 logging camps,
40 miles of railroad, 21 donkey engines, 5 steam locomotives and 125 cars. The
mill has a two-shift capacity of 300,000 feet B. M., and wharf and vards are on
deep water at Englewood, B. C.
OFFICERS: F. J. Wood, Pres.; Norman A. English, Sec.-Treas.
Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Mon. in March
CAPITALIZATION, As of Dee. 31, 1929
0 Yalue Authorized
~0 $ 500.000
0) 22 500.6000
7% Cum. Pref. Stock...
Common Stock o.oo... ......
NOTE: Stock closely h='~
Outstanding
$ 500,000
22 500.000
of Dec. 31, 1929
First Coll. Trust 8 2d Due Authorized Outst.
Fund Gold Bonds......... 5-1-3¢ $1,000,000 $624,700
Collateral Gold Notes... 1931 $ 250.000 $200,000
i. FIRST MORTGAGE & COLLATERAL TRUST 7% SINKING FUND
GOI.D RONDS
. bo,
Interest Payable: May 1 and Nov. 1
at Bank of California, N. A., Seattle,
Portland, Tacoma or San Francisco.
Trustee: Yorkshire & Canadian
Trust, Litd., Vancouver, B. C.
Denominations: Coupon, $100, $500.
$1,000.
Callable: At 103 on anv interest
date on 30 davs’ notice
Sinking Fund: $1.25 per M cut from
standing timber with following mini-
mum requirements: 1926, $35,000; 1927,
to 1931, $65,000 each; 1932 and 1933,
$75.000 each; 1934 to 1937, $80,000 each;
1938 and 1939, $85.000 each. To be used
in purchase or redemption of honds at
nat exceeding 103.
secured: Bv a first lien on all the
