PUBLIC UTILITIES

oS

DIRECTORS: R. E. Shotts, L.. A. Phillips, E. E. Smith.
Fixenl Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in March.
YUNDED DEBT: Retired at $103, Oct., 1928.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
Capital Stock ... eeemeeee $100 $500,000 $500,000
Ownership: Gen. Water Works and Dividendx: Paid quarterly at rate of
Elec. Corp. owns all except directors’ 6% Jan. 1, etc.
yqualifving shares.

CANADIAN-AMERICAN PUBLIC SERVICE CORPORATION
GENERAL OFFICE: Vernon, B.C.
HISTORY: Incorporated under laws of Delaware.
BUSINESS: Has broad powers permitting it to acquire, directly or through
subsidiary companies, telephone, electric light and power, gas, water-works and
other public utility properties. Company controls, through stock ownership, a
system of telephone properties serving a total population in excess of 30,000 in
the Province of British Columbia, Canada. The system operates 9 exchanges
with 4,931 telephone stations or connections.
The communities served through subsidiaries include Revelstoke (served by
Solar Telephone Limited), and Enderby, Armstrong, Vernon, Kelowna, Peachland,
Summerland, Salmon Arm and Penticton (served by Okanogan Telephone Company),
 British Columbia.
PROPERTY: Company owns 919% of Okanagan Telephone Company and all but
directors’ qualifying shares of the Solar Telephones, Limited.
CAPITALIZATION, As of Dec. 31, 1929
‘ar Value Authorized Outstanding
J Par 250,000 Shs. 14,000 Shs.
~o Par 100.000 Shs. 100,000 Shs.
i. PARTICIPATING CLASS A, $1.75 OPTIONAL DIVIDEND SERIES.
Provisions: Has preference over class solidated net earnings of the Company
II as to assets in case of liquidation, and its subsidiaries, after maintenance
when it is entitled to $30 a share; has and interest charges but before deprepreference
 as to cumulative dividends, ciation and profit taxes, for a period
and is entitled to participating non- of twelve months out of the fifteen
preferencial dividends as follows: >receding months, shall have been at
After provision in any year for pref- east twice the annual dividend reerential
 dividends on Class A Stock and juirements on all shares of Class A
for dividends equal thereto on the Class stock to be outstanding after such pro-II
 Stock, the Class A Stock of this r0osed issue, or the bankers shall give
series (together with the Class A Stock heir written consent to such issue.
of any other series entitled to partici- Voting Power: Has no voting rights,
pate therein) and the Class B Stock xcept upon default in the payment of
are entitled to share equally in all :umulative preferential dividends for
further dividends declared during such tiny twelve months’ period, in which
year. ase and until such default shall be
Callable: At option of company on ‘ured, Class A Stock shall have the
any dividend date in whole or in part right as a class to elect a majoritv of
by lot upon 30 days’ notice. at 35 and roard of directors.
accrued dividends. Dividends: Dividends payable quar-Additional
 Issue: Class A Stock in erly Feb. 15, etc.. at the annual rate
addition to the initial 14,000 shares may of one-tenth of a share of Class A stock
he issued in one or more series, with >f this series per share or at the option
variations as to dividend rates (payable 7f the holder in cash at the annual rate
in cash and/or stock), redemption pro- >f $1.75 per share .accruing from Aug.
visions (if any), conversion or optional ‘5, 1929.
provisions (if any), participating rights Transfer Agent: Chase Nat. Bank, N.
Lf anv), amounts payable Jpeg Liga 7, and Baltimore Trust Co. Baltimore.
ation, provisions as to dividends being . Hyd ‘ -
cumulative or non-cumulative, and in ooReRiaears oaomionl Noy, Bank, N.Y.
certain other respects. After the issue * ent ’
of 14,000 shares of Class A Stock, no Legal Opinion by: Messrs. Cotton &
additional Class A Stock shall be issued Franklin, New York, and Messrs. Law-(other
 than additional Class A Stock on & Clark, Vancouver, B.C.
issued as stock dividends upon any Public Offering by: R. P. Clark &
series of Class A Stock) unless the con- Co.. Vancouver, Sept., 1929, at $25.
COMPARATIVE INCOVE STATEMENT, Years Ending June 30

1928 3
2167,65¢
147 R17

Gross Revenues _...........oo.....o.........
Operating Expenses and Taxes ..

Balance oo... eee,
nterest Notes and Minority Interests... LL
Net Income for Dep.. Income Taxes and Dividends

315

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be

54 RRS