PULP AND PAPER COMPANIES
161
LIABILITIES
Accounts Payable . en eeeereemeneeeemvnrenn—nn-Notes
Payable .... —- Emme
Accrued Bond Inter. i eee
State and CouNlY BB cciaiiieesmemmmmsonsmssesesisnsnty 5
U. 8S. and Canadian Taxes. .....iiianeanes,
Dividends Payable
2,621,680
5.150,000
570,299
544,036
804,684
917,386
3,670,600
1,750,000
451,800
587,678
023,844
406,473
Total Current Liabilitics..............
Funded Debt .. eee
Long-term NOLES icici sists ss essa asians sani
Subsidiary Minority Interests... oii
Reserves .............
Preferred Stock ..........
Common Stock ......
Surplus ..
eeeecemsmccseccin tien iercanaaaand
Li, {19,080
22,742,400
2,189,381
25,656,661
749,601
21,655,560
24,067,324
5.220.584
0,000
32 650
“0,838,6.
58,976
21,655,660
74,067,146
3.939.391
TOTAL LIABILITIES _............
9R49.59¢
£109.190.568
FUNDED DEBT, As of April 30, 1930
Rate Dated Due Authorized Outstanding
Cr. Willamette 1st Mort.... . 69% 1-1-26 1-1-51 $25,000,000 $18,331,000
Pac. Mills 1st Mort............... £™ 2-1-17 1929-¢" $6,000,000 $2,297,000
Pac. Mills Subordinate.......__.. 8-2-15 re 3,000,000 $1,785,900
Wash. P&P 1st Mort. ...........6% - 12-1-21 1f- $850,000 $178,500
10-yr. Gold Debentures....... 69% 3-1-30 3-1-40 $20,000,000 $10,000,000
NOTE: For details of Nos. 1, 2 and 3, see respective company reports.
1.
2.
3.
4
5
4. WASH. PULP & PAPER CORP. 64% FIRST SINKING FUND GOLD BONDS
Interest Payable: J. & O. 1, at trus- on any interest date on 30 days’ notice
ee's office. at 1% 9% less each year thereafter.
Trustee: Bank of California, N. A, si .
Registerable: As to principal. Sinking Fund: Payable annually of
Denominations: Coupon, $500 and $42,500 to purchase bonds at not ex-1,000.
ceeding 105 until 1931, otherwise to
Callable: On Dec. 1, 1931, at 105 and purchase U. 8. Government bonds.
3. TEN-YEAR 6% GOLD DEBENTURES
Interest Payable: Mar. 1 and Sept. March 1, 1935; thereafter warrants will
1, at Bank of America, New York: Con- become null and void.
tinental Illinois Bank & Trust Co., Chi- I'urchase Fund: Corporation agrees
rago, and Trustee's office. 0 authorize the Trustee to purchase
Additional Debentures: Up to entire annually $750,000 maximum par amount
$20,000,000 authorized may be issued, ff Gold Debentures (with warrants durwhen
consolidated earnings for 12 of ng their life), beginning March 1, 1931;
preceding 18 months equal 3 times total ‘unds to be available semi-annually for
annual interest requirements. the purchase of $250,000 debentures at
Trustee: Bank of California, N. A, 10t to exceed 100 and accrued interest,
an Francisco. ind for the purchase of an additional
$125,000 debentures at not to exceed 98
Denominations: $500 and $1,000. "nd accrued interest, all as provided in
Callable: As a whole or in part on he Trust Agreement.
30 days’ notice at 103 and accrued in- Tax Provisions: Without deduction
terest if redeemed on or before March f normal Federal income tax up to
1, 1931; thereafter the premium de- jg = (Corporation agrees to reimburse
creasing 14% annually until March 1, jgjders for State income tax, not ex-1934;
thereafter at 101 and accrued reeding 6% per annum, and Penn. perinterest.
sonal property taxes, not exceeding 5
nills, and California personal property
axes not exceeding 4 mills.
Security: Direct obligation on Co. No
subsidiary in TU. 8. to issue additional
stocks, bonds or notes (except $5,000,000
f Crown Willamette, unissued), having
sriority or parity with this issue, uness
equally and ratably secured.
Legal Opinion by: Messrs. Pillsbury,
Madison & Sutro; Messrs. Orrick, Palmer
& Dahlquist, San Francisco.
Offered by: Ilvth & Co... Febhruarv
1920 gat 98
Warrants: Each $1,000 Gold Debenture,
accompanied by a common stock
purchase warrant, non-detachable (except
in case of exercise or in event of
the redemption by call of debentures)
entitling the holder to purchase 20
shares (10 shares in the case of $500
denomination Gold Debentures) common
stock (voting trust certificates)
at a price of $20 per share if exercised
on or before September 1, 1931; thereafter
at $22 per share if exercised on
or before March 1, 1933; thereafter at
325 per share if exercised on or before
CROWN WILLAMETTE PAPER COMPANY
GENERAL OFFICE: Pittock Block, Portland, Ore.
CONTROL: By Crown Zellerbach Corporation. }
HISTORY: Incorporated under laws of Delaware, Jan. 6, 1926, as successor to a
company of the same name incorporated Nov. 19, 1914, under the laws of Maine,
successor of Crown-Columbia Paper Co. and Willamette Pulp & Paper Co.
BUSINESS: Manufacturers newsprint, Kraft manila and sulphite wrapping
papers. fruit wrappers and paper baes
