PULP AND PAPER COMPANIES

CALIFORNA-OREGON PAPER MILLS
GENERAL OFFICE: 55th and Alameda Sts., l.os Angeles.
CONTROL: Columbia River Paper Mills, Portland, Ore. owns entire capital
stock.
HISTORY: Incorporated under laws of California.
BUSINESS: Manufactures high-grade krafts, tissues, wax paper and fruit wrappers.

PROPERTY: Mill located at Los Angeles, Calif.,, with daily capacity 40,000
pounds. Company. Owns 50 million feet standing timber in Washington. Company
 owns 37% of Columbia River Paper Mills, Vancouver, Wash.
OFFICERS: F. W. l.eadbetter, Pres.; L.. H. White, Vice Pres. Treas. and Asst.
secy.; A. 8S. Fleming, Vice Pres. Sec. and Asst. Treas.; L.. M. Hambric, Asst. Treas.
DIRECTORS: F. W. Leadbetter, L.. H. White, V. P. Cole, J. W. Heaney, A. S.
Fleming.
CAPITALIZATION
1. 89% Preferred Stock.....
2 Common Stoclk

Authorized

Outstanding
$284,500
$840,900

Iirst (Closed) Mortgay
Gold Bonds ................................6w
Retired to Jan. 2. 1930, $210,000

FYTTNDRD PORT

- of Dee. 31, 1929
Due Authorized
1925-35 $350,000

Outstanding
£140.000

Interest Payable: Jan. and July 1,
by Equitable Trust Co., Portland, Ore.
or Pacific Southwest Trust & Savings
lank, Los Angeles, Calif.
Principal Payable: $31,500 Jan. 1,
1925, to 1928, incl.; $32,000 on Jan. 1,
1929, to 1934, incl, and $12,000 on Jan.
1, 1935.
Trustees: Kquitable Trust Co., Portland,
 and Pacific Southwest Trust &
savings Bank, Los Angeles.
Registerable: As to principal only.
Denominations: $1,000, $500, $100.
Callable: In reverse numerical order
m 30 days’ notice at 101.
Sinking Fund: 1f dividends paid on
Common stock. eaual amount must be

deposited with trustee to redeem bonds
other than regular serial requirements.
Tax Status: Company pays 2% FFederal
 income tax.
security: First mortgage on all the
fixed assets, $150,000 capital stock of
Tolumbia River Paper Mills deposited
vith trustee. Company agrees to mainrain
 net quick assets equal to 1509 of
‘unded debt.
Legnl Opinion by: McCamant &
Thompson, Portland, Ore.; Schloss &
Ackerman, San Francisco, for the bankars;
 Heaney, Price & Postal, South Darsara,
 Calif., for the company.
Offered by: Freeman Smith & Camp.
Jan. 1924, Priced according to maarity
 to vield 6 509 to 6.750.

COLUMBIA RIVER PAPER MILLS

GENERAL OFFICE: 500 Oregonian Bldg., Portland. Ore.
CONTROL: Columbia River Paper Co., Portland. Ore, owns 95% of Common
stock.
HISTORY: Incorporated under laws of Washington, Jan. {, 1923.
BUSINESS: Manufacture of newsprint and complete line of wrapping and fruit
wrapping papers.
PROPERTY AND PLANTS: 80-ton paper and sulphite mill located on l4-acre
tract, with 1.200 feet of deep water frontage on the Columbia River, in the central
 waterfront section of Vancouver, Wash. Company owns and operates sawmill,
 with 175,000 feet daily capacity, which supplies pulp and sulphite mills
with raw material.
OFFICERS: F. W. Leadbetter, Pres. & Gen. Mgr, Portland, Ore.; Wm. BB. Dullois,
Vice Pres. J. J. Donovan, Secy., Vancouver, Wash.¢« A. S. Fleming, Treas. Portland,
 Ore.; W. P. Donnelly, Asst. Secy., P. W. Morse, Pur. Agt., Vancouver, Wash.
DIRECTORS: A. M. Cronin, Jr, Portland, Ore.: J. J. Donovan, Wm. B. DuBois,
Vancouver, Wash.; A. S. Fleming, F. W. Leadbetter, Pittock Leadbetter. Portland,
 Ore.; H. C. Lieser, Paul Morse, Vancouver, Wash.; R. H. Noves. H. G. Reed.
Portland, Ore.; B. L.. Steeves. .
GENERAL AUDITORS: Haskins & Sells, Portland, Ore.
Fiseal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in Jan
Number of Emplovex: {00
APITALIZATION, As of Dee. 31, 1929
Par Value Authorized
wens 3000 $750,000
.. $100 $2. 000.000

i. 8% CUMULATIVE
Provisions: Has preference as to
dividends up to 8% and as to assets up
ro $100 in liquidation.
Callable: At $105.
Voting Power: None excent in event

PREFERRED STOCK
dividends are 2 years in arrears, when
Preferred votes one vote per share.
Dividends: Paid monthly, at rate
of 89 per annum.