170
THOMSON®
PACIFIC MILLS, LIMITED
GENERAL OFFICE: Standard Bank Bldg., Vancouver, B. C.
CONTROL: By Crown-Zellerbach Corporation. :
HISTORY: Incorporated under laws of British Columbia, Nov. 14, 1914. as successor
to Ocean Falls Pulp & Paper Co. Ltd.
BUSINESS: Manufacturers of pulp, paper and lumber.
PROPERTY: Pulp and paper mills of 270 tons daily capacity, at Ocean Falls, 390
miles north of Vancouver, B. C., 3% billion feet of timber owned in fee or held
ander timber licenses and pulp leases. Water power plant located on Link river,
estimated to develop minimum flow of 23.000 h. p., townsite of 400 acres of land.
fully equipped sawmill.
DFFICERS: Louis Bloch, Chairman of Board; A. B. Martin, Pres.; F. N. Youngman,
Vice Pres.; J. H. Lawson, Secy.; Bernice H. Fraser, Asst. Secy.; H. C. Pim,
Asst. Secy.: D. J. Goldsmith, Asst. Secy.; J. A. Young, Treas.
DIRECTORS: Louis Bloch, A. B. Martin, J. H. Lawson, M .D. Hamilton, J. A.
Young, W. J. Blake-Wilson, W. E. Wintemute, N. F. O'Brien, F. N. Youngman.
GENERAL AUDITORS: Helliwell, Maclachlan & Co., Vancouver, B. C.
Fiscal Year Ends: Dec. 31. Annual Meeting: Last Tues. in April,
VYumber of Emploves: 1,000.
CAPITALIZATION, As of Dee. 31, 1929
Par Value Authorized Outstanding
I. 6% Cum. Pref. Stock.c. cc. rereceeeeeee. $100 $2,000,000 $1,933,400
2. Ordinary Stock erenreeeeee $100 $7,600,000 $7.500.000
i 6% CUMULATIVE PREFERRED STOCK
Provisions: Preferred as to 6% cum- ing shares.
alative dividends and as to $100 per Ownership: 93% by Crown-Zellershare
in liquidation. No stock having bach Corp.
aquality or priority may be issued Dividends: All paid up to Oct. 31,
without consent of majority outstand- 1929.
2. ORDINARY STOCK
Ownership: 93% owned by Crown- Dividends: 49% paid in Dec. 1928;
Zellerbach Corp. none before or since.
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
929 ‘928
72,163 2,262, 0
IE erp roan? 9
1927
$2,095,335
120A 875
Net Earnings acocceccremmemeeemmeomesencenns
Interest. Amortization. Taxes. etc. ...
Net Income ......
Preferred Dividends .............
Common Dividends -eeeeeeenes
of
788.660
Surplus for the year... ........
ffarned per share Preferred Stock........... 53
Earned per share Common StocK............ 3.16
sTncludec ASR 029 dividends accrued from 1918 to 192%
TOMPARATIVE BALANCE SHEET, As of Dec. 31
ASSET® 1929 1928
Properties ... .... 7,062,195 116,020,894"
Inventories o.ccoeeeeceeeeeee — 968,793 1,838,056
Accounts Receivable ..... rome . 556,067 656,616
VAS eeeeeeoieemnmeeocaeseceennnnennannnannn - 7,766 150.653
Jue from Crown-Willamette.... . —— 5£0,000 we
Sinking Fund ............. eteememeemnneanananne 238 05
Deferred CRATZES ccocciece ceccrccceccemreessnreeroermsmans 189.886 “8
TOTAL ASSETS ee erriaae22.820.224.745 -20 053.941
"ee
4
%0
1s
1927
516,579,553
2,359,602
394,011
148,147
13,340
212,473
219 707.126
LIABILITIES-Preferred
Stock ...
Ordinary Stock aceon. ERR ——-Funded
Debt ieee eee ceencennmaeeneneeee
Bills and Accounts Pavable..........ooeeeeee
TaX RESEIVES ceccoomiiomimncocecmmamessnmameassonneerooan
Accrued Interest cio + niin
Dividends Payable eines wk
Earned Surplus ieee eee 209
TOTAL LIABILITIES imams $20,053,941
FUNDED DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized Outstanding
I. 1st Mort. Serial Bonds........... 6% 2-1-17 1929-43 $6,000,000 $2,297,000
> Subordinated Mort. Bonds...... 6% R-2-15 8-1-45 $3.000.000 $1.785.900
