JULP AND PAPER COMPA™ 
The Corporation also owns 509% of voting Common stock, approximately 44% 
of Class A stock and approximately 40% of Preferred stock of Fibreboard Prod- 
ucts, Inc. 
PRODUCTS: Newsprint, sulphite and kraft wrapping papers, tissue papers, 
waxed papers, paper bags and fruit wraps, and such products as solid fibre and 
corrugated containers, lithographed cartons, folding and stiff boxes, paper cans, 
ovster pails and the nationally known brands of Public Service Towels and No- 
Waste Toilet Tissue. Zee and Zalo, two new bathroom tissues, are being nation- 
ally advertised and distributed. 
The wholesale divisions of the Corporation are distributors for a full line 
of all grades of papers and kindred lines, in addition to the products of the Cor- 
poration. 
The Corporation with subsidiaries constitutes a fully integrated enterprise, 
owning its own timber, conducting its own logging operations, manufacturing all 
pulp required for paper production and controlling its own conversion plants. 
PROPERTIES: (1) Timber lands in the United States carrying more than seven 
billion feet of timber; and timber licenses and pulp leases and fee ownership 
nf approximately three billion feet of timber in Canada. 
(2) Developed water power owned and leased is approximately 100,000 h.p., 
of which 40,000 k.w. is hydro-electric power; 16,500 k.w. electrical energy is pur- 
chased under contracts and an additional 24,000 k.w. is developed from steam 
turbo-generator units of extraction type. 
(3) Paper and pulp mills at Floriston, Calif.; Lebanon and West Linn, Ore.; 
Camas, Port Angeles and Port Townsend, Wash.; Ocean Falls, B. C.,, and Carth- 
age, New York, having an annual capacity of approximately {85,000 tons of 
paper. Partly owned paper and board mills have an annual capacity of approxi- 
mately 200,000 tons of box board and box board products. 
(4) Converting plants at Los Angeles, Oakland and San Francisco, Calif.; 
Portland, Ore.; Camas, Wash., and Carthage, N. Y.,, and partly owned converting 
plants at Antioch, Los Angeles, San Francisco and Stockton, Calif.; Port Angeles 
and Sumner, Wash.; Honolulu and Kahului, T. H., and Philadelphia, Penn. 
(5) Wholesale divisions at Fresno, Long Beach, Los Angeles, Oakland, Sacra- 
mento, San Diego, San Francisco, San Jose and Stockton, Calif.; Eugene and Port- 
land, Ore.; Seattle and Spokane, Wash.; Reno, Nev. and Salt lL.ake City, Utah. 
Sales offices are maintained in 15 other cities of the United States. 
DFFICERS: Louis Bloch, Chairman of Board of Directors; I. Zellerbach, Pres.; 
M. R. Higgins, Chairman of Executive Committee; E. M. Mills, A. B. Martin, J. D. 
Zellerbach, Exec. Vice Pres; H. lL. Zellerbach, M. R. Higgins, Vice Pres.; D. J. 
Goldsmith, Secy.; A. Van der Zwiep, 8S. Sonnenberg, A. I. Ellis, M. L. Dinkelspiel, 
L.. Frank, C. M. Whitney, Asst. Secys.; S. Sonnenberg, Treas.; A. I. Ellis, M. L. 
Dinkelspiel. A. Van der Zwiep, D. J. Goldsmith, Asst. Treasurers. 
DIRECTORS: Louis Bloch, I. Zellerbach, M. R. Higgins, J. D. Zellerbach, H. L. 
Zellerbach, E. M. Mills, M. M. Baruh, J. H. Schwabacher, Geo. S. Towne, H. Fleish- 
hacker, C. R. Blyth, A. B. Martin, all of San Francisco, Calif.; J. Y. DBaruh of Los 
Angeles, Calif, and H. C. Olcott of Chicago, Ill. 
VOTING TRUSTEES: M. M, Baruh, Louis Bloch, M. Fleishhacker, M. R. Higgins, 
E. M. Mills, George Leib, W. H. Orrick, Geo. S. Towne, I. Zellerbach, J. OD Zeller- 
bach, all of San Francisco, Calif. 
STATUTORY AGENT: Scheeline Banking & Trust Co., 146 North Center Street. 
Reno, Nevada. 
AGENT AND DEPOSITARY OF VOTING TRUSTEES: The Dank of California. 
N. A., San Francisco, Calif, 
TRANSFER AGENTS: The Bank of California, N. A, San Francisco, Calif.; 
Bankers Trust Co., 16 Wall Street, New York, N. Y. 
Registrars: Anglo California Trust Co. San Francisco, Calif.; The Chase Na- 
tional Bank of the City of New York, 57 Droadway, New York, N. Y. 
GENERAL COUNSEL: Pillsbury, Madison & Sutro, San Francisco. 
GENERAL AUDITORS: Messrs. Llbrand, Ross Dros. & Montgomer 
Fiscal Year Ends: April 30. Annual Meeting: 4th Thurs. in Aug 
CAPITALIZATION, Ax of Dec. 31, 1929 
Par Value Authorized 
Conv. Cum. $6 Pref. Sine .....No Par 8,121 shs 
Cum. Pref. Stock......... .....No Par 3,000,000 shs 
$6 Div. Conv. Series A.......... ...........No Par vnmennrm Tn 
$6 Div. Conv. Series B....................... No Par eee 
Common Stock (V. T. Certificates) No Par 7.500.000 shs 
I