PULP AND PAPER COMPAN.
Amount Issued: $1,250,000.
Interest Payable: May 15 and Nov.
15 at any office of Canadian Bank of
Jommerce.
Trustee: National Trust Co. Ltd,
Toronto, Canada.
Registerable: As to principal (cou->on
bonds).
Denominations: $1,000 and $500.
Callable: At any interest payment
fate on 30 days’ notice, at 102 and ac-2rued
1nterest, either in whole or in
part, or from time to time for sinking
fund.
Sinking Fund: Annual payments, bezinning
May 15, 1929, to retire $50,000
orincipal amount of bonds annually,
rither by redemption or by purchase
in the open market.
Security: First mortgage on all of
‘ixed assets now owned or hereafter
icquired.
Legal Opinion by: Ronald P. Stockon,
Vancouver, B. C. and Carey &
Kerr, Portland, Ore.
Offered by: Bond, Goodwin & Tucker,
Inc, Portland, Ore. and Seattle,
Wash., July, 1928, at 100.
WASHINGTON PULP & PAPER CORPORATION
GENERAL OFFICE: Port Angeles, Wash.
CONTROL: By Crown-Zellerbach Corp., San Francisco, Calif.
HISTORY: Incorporated under laws of Virginia, Feb. 12, 1917, and is controlled
by the Olympic Paper and Power Co. which in turn is controlled by the Crown-Zellerbach
Corp.
BUSINESS: Manufactures pulp and newsprint paper.
PROPERTY: Owns approximately 60 acres of land at Port Angeles, Wash., together
with a manufacturing plant, consisting of a 15-unit, 200-ton mechanical
pulp mill and a paper mill, consisting of three machines, with a combined capacity
of 275 tons per day. The company also holds a 99-year lease on U.S.
jovernment Lighthouse Reservation on Ediz Hook, giving a frontage of 2 statute
miles of tide lands on the Straits of Juan de Fuca and the harbor of Port
Angeles.
OFFICERS: M. R. Higgins, Pres.; Isadore Zellerbach, Vice Pres.;*M. M. Cohn,
Treas.; J. D. Zellerbach, Secy.; E. M. Mills, Vice Pres. & Gen. Mgr.; Leon T. Dupuis.
Supt.
TAPITALIZATIC *horized Outstanding
1. Preferred Stock 00,000 $1,500,000
2. Common Stock .... _._. ee eeeemeeeemaemanranaas 4,500,000 $1,150,000
NOTE: Crown-Zellerbach Corp. San Francisco, Calif. ,owns all of both Preferred
and Common stock except directors’ qualifying shares.
TYTTTTYD DEBT, As of Dee. 31, 1929
Rate Dated Due Authorized Outstanding
.6%% 12-1-21 12-1-41 $850,000 $178,500
Interest Payable: July 1 and Dec. 1932, annual sinking fund to purchase
at office of trustee. or call bonds at not exceeding redemp-Trustee:
Bank of California, © a tion price.
San Francisco. Tax Status: Company pays normal
Registerable: Coupon bonds regis- ‘ncome tax not in excess of 20.
»rable as to principal. Security: First mortgage on all
Denominations: $1,000 and $500. droperty now owned or hereafter ac-Callable:
At 105 on Dec. 1, 1931, and quired, except in case property here-“2%
less each year thereafter. after acquired subject to an existing
Sinking Fund: Payment of $42,500 mortgage.
made annually to purchase bonds at Legal Opinion by: Pillsbury, Madinot
exceeding 105 until 1931, otherwise son & Sutro, San Francisco.
to purchase 7. 8 Govt. bonds. After Offered by: DBlvth & Co. Dec 1921
First Mortgage Sinkin
Fund Gold Bonds.
WESTMINSTER PAPER COMPANY, Ltd.
GENERAL OFFICE: New Westminster, B. C.
HISTORY: Incorporated under laws of 3ritish Columbia, Aug. 1. 1926, as successor
to Westminster Paper Mills, Ltd., formed in 1922.
BUSINESS: Manufactures wrapping and tissue paper for a wide variety of uses.
Owns patent rights to “Arnett” patent for ovalock towels, etc., the “Descoteau”
patent for watermarking color design in wrapping paper. Company manufactures
under license “Seyborne” patents and “Hy-G" napkin towel patent.
PROPERTY: Located at New Westminster, B. C.. on Fraser river. On 3-acre
site, occupied under lease running until 2018. Plant destroyed by fire in 1929
and complete new plant erected.
SUBSIDIARIES: Controls Pacific Coast Paper Mills. a Washington corporation.
located at Rellingham Wah
OFFICERS AND DIRECTORS
bia Legislature; Mayor City of New
Westminster, IB. C.
Frederick Smith, Pres. Smith. Davidson
& Wriecht 1.td
J. J. Herb, Pres.
R. F. Arnett, Vice Pres
H. M. Lord, Secy.-Treas.
A Wells Grav. Member Dritish Colum-
