PULP AND PAPER COMPANIES 
Apr.. Oct. 1.) 1926, $3.00; 1927, $6.00; amounted to $13.50. 
Apr. July, Oct. 1.) 1926, $3.00; 1927, $6.00; Transfer Agent and Registrar: Same 
1930. (Accumulation on April 1, 1930, as First Preferred. 
3. COMMON STOCK. 
Voting Trust: Common stock is all Transfer Agent & Registrar: Same as 
held in a 10-year voting trust, expiring preferred Stock. 
928 
iL No dividends paid to Number of Stockholders: Majority of 
\pril, 1930 common stock held by Blyth & Co. 
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 
csc err 
#20. (CY 
Ty 
Net Revenue ................ 
Deprec., Amortization, . 
Net Profit ................. 
Tax Adjust. Prior Years......... 
Preferred Dividends ... 
ntere- 
= L 
1'axes... 
1927 
“737,564 
321,707 
Surplus for the Year... __ PT 
Flarned, per share, 1st preferred stock......... 
Earned, per share 2nd preferred... 
Deficit 
COMPARATIVE BALANCE SHEET, As ! 
1929 
233,156 
261,055 
655,109 
ASSETS 
Dec. 31 
1928 
01,570 
- ee 
7 
a 949 
(Cash ........ Ce eeaemnemeimeseeneeeeteessasemeessameeneesesnns 
Accts. and Notes Receivable................. 
Inventories ... aera 
Securities eens 
690 
"4,273 
18 
ud 508 
Total Current AssetS..........cooooomeeeaie. 
Investments in Other Companies.........__... 
Plant Site _... eam eee eae 
Water Rights .. 
Water Rights l.eases.........oocoooiioceeaucnn 
Buildings and Equipment..............._...... _. 
Timber Lands iii. 3 
Magnasite Leasehold .. eee emeemenns 
Deferred Charges ooo. 
salvage on Machinery... 
4 
0 
00 
77 
6 
“8 
6 
h 
J 
J32 
£0 
8.500 
9,347 
"644 
+67 
So 
. p, 
J 
90 
“0,112 
"2,025 
“1,366 
"666 
01f 
rs 
A 
. 
1 
TOTAL ASSETS ieee 
~ 
LIABILITIES- 
Accounts Payable o.oo. 
Dond Interest Accrued.............. -. 
Accrued Taxes .._... ees 
Income Tax Reserve... 
Dividends Pavable ...__ 
37 
¥ 
297,856 
“Sub 
+ 
~~ DOD 
My 
4 
hss 
209 391 
17.979 
17 000 
Total Current Liabilities.......... 
Note Pavable 1934... 
Employees Hospital Fund................. 
Funded Debt ....___ 
Capital Stock ....... ... .. 
Initial Surplus .._.........___.. 
Earned Surplus ....... 
369,5.9 
© 000 
08 
500 
092 
569.2017 
17.581 
2,800,000 
.116,092 
457,899 
228 8928 
TOTAL LIABILITTES ___ 
Net Working Capital... eem———— 
Ratio Current Assets to Cur JT.iahil® 
0 
1,63 
1 OR 
2: 3 
KE: 52 
2171 
First Mortgage Sinking 
Fund Gold Ronds 
FT" DFD DEBT, As of Dec. 31, 1929 
Rate Dated Due Authorized 
crreeneee 69% 7-1-26 7-1-486 $3.000,000 
Outstanding 
$2.505,500 
fund beginning July 1, 1928, $134,000. 
Tax Status: Company pays normal 
Federal income tax up to 29%. 
Security: First mortgage on all the 
‘ixed assets, including land, plants, 
zquipment, water rights, timber and 
timber lands. 
Legal Opinion by: Carey & Kerr, 
Portland, and Griffith, Peck & Cohn, 
Portland. 
Offered by: Blyth & Co.. July 1. 1926. 
at 100. 
Interest Payable: Jan. 1 and July 1, 
at Bank of California, N. A., Portland, 
Seattle, Tacoma, San Francisco, or at 
Continental & Commercial Trust & Sav- 
‘ngs, Bank, Chicago. 
Trustee: Bank of California, Iv. A., 
Dortland, Ore. 
Registerable: As to principal. 
Calable: At 105 to 1940 and at 102.50 
thereafter. 
Sinking Fund: $100,000 retired July 
1927 Minimum annual retirement