THOMSON'S MANUAL
GENERAL BALANCE SHEET, As of Dec. 31, 1929
ASSERTS LIABILITIES
eed 8,851,343 Preferred Stock ........ccocecee......$ 1,593,200
271,521 Common Stock ...._. eee. 1,176,690
24,159 funded Debt .__....___............... 6,500,000
358 070 Purchase Contracts Payable.. 40,016
7510 Notes Payable ....coow sommes 122,500
’ Accounts Payable ...... sews 158,718
10,150 Jonsumers’ Deposits o.oo... 100,000
212,954 Misc. Current Liab, ..... .. _.... 2,117
26,458 Paxes Accrued coves 26,321
"41,929 nterest Accrued ........... ‘ 181,366
18 023 Misc. Accrued Liab. ...... - 11,830
"663 Retirement Reserves ................ 661,086
969.89 Other Reserves ....oceeeeeeeemceeees 118,872
269.896 Profit & T.oss—Surplus............ 199.961
eeeen-$10,892,681 TOTAL LIABILITIES ..........$10.892,681
FUNDED DEBT, As of Dee. 31, 1929
First Mortgage Rate Dated Due Authorized Outstanding
Gold Bonds ..oooococceeennanreee2 D2 % 1-22-29 1-1-34 $8,500,000 $6,500,000
Interest Payable: Jan. and July 1, plus 3% 9% for each year between reby
 Trustee and Continental Illinois demption date and maturity, but with-Bank,
 Chicago. out premium subsequent to Jan. 1,
Provisions: Additional bonds may 1933.
pe issued for refunding or extensions Tax Status: Company pays 2% norat
 not exceeding 80% of cost, providing mal Federal income tax.
net earnings for 12 months equal twice Security: First mortgage on all the
annual interest charge on funded debt, fixed assets, subject to $40,000 incumincluding
 proposed issue. brance on small portion of property.
Trustee and Registrar: Minnesota Legal Opinion by: Cobb, Hoke, Ben-[.oan
 & Trust Co., Minneapolis, Minn. Mh Krause & Faegre, Minneapolis,
Registerable: As to principal only. Offered by: Minnesota Co., Minne-Denominations:
 $1,000, $500. apolis, Minn.; Continental Illinois Co.
Callable: As whole or in part on any Chicago, Ill.; First Wisconsin Co., Milinterest
 date on 30 davs’ notice at par waukee, Jan., 1929. at 98

Fixed Capital ..
Cash coon - weit
Notes Receivable ___... ...........
Accounts Receivable ................
Interest & Dividends Receiv..
Marketable Securities ............
Material and Supplies... . ___...
Prepayments ...c..ccccemmcon cnn
Advance to Affiliated Ce
Inv. in Affiliated Co.s ..........
Misc. Current Assets ...............
Suspense .... eemememmeamamaamnae
TOTAL ASSETS ..

MONTANA-DAKOTA UTILITIES COMPANY
GENERAL OFFICE: 831 Second Ave. South, Minneapolis. Minn.
CONTROL: ..By Minnesota Northern Power Co.
HISTORY: Incorporated under laws of Delaware, March 14, 1928.
BUSINESS: Operates 12-inch gas line from fields near Baker, Mont, to Black
Hills area of South Dakota, serving natural gas to Camp Crook, St. Onge, Belle
Fourche, Spearfish, Deadwood, Lead, Central City, Sturgis, Whitewood and Rapid
City, South Dakota. Building 12-inch line from Baker field to Bismarck, N. D.,
which will supply gas to Wibaux, Beach, Sentinel Butte, Carlyle, Galva, Belfield,
Dickinson, Gladstone, Taylor, Richardson, Hebron, Glen Ullen, New Salem, Mandan
 and Bismarck. In Black Hills area 3,500 customers were using gas at close
of 1929, and project now under way expected to increase total to 10,000.
MANAGEMENT: C. C. Yawkey, Wausau, Wisc., Pres.; Ben Alexander, Wausau,
Wisc., Vice Pres.; Aytch P. Woodson, Wausau, Sec’v: R. M. Heskett. Minneapolis,
Vice Pres, Treas. and Gen. Mgr. .
DIRECTORS: C. C. Yawkey., Ben Alexander, Aytch P. Woodson, H. L. Geise, Jud
Alexander, all of Wausau, Wisc.,, and R. M. Heskett, Minneapolis. Minn.
Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tues. in Feb.
CAP" PTALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
1. 69% Preferred Stock. cere i rccaeeee. $100 30,000 shs 8,039 shs
2. Common Stock ___. No Par 100.000 shs 79.013 shs

DETAILS OF STOCK
Callable: Preferred stock subject to 1 since stock first issued. No dividends
~all any dividend date at 105. reported on Common.
Dividends: 69% Preferred dividends Transfer Agent: Minnesota Loan &
paid auarterly. Jan.. Apr., July and Oct. Trust Co., Minneapolis. Minn.
INCOME ACCOUNT. As of Dec. 31. 19290
Operating REVENUES iiioiiooceccammemmmemmmnnannc ee sanacmsaene =
Dperating Expenses. including (teneral Taxes. ........__

eC eeanennaan-$608,606
207,923
ee eeeeeeeneninaenaennneena $400,683
eee $33,000
$ 35,400
Net Tneome Available for Depreciation and Federal TaXes....ooooeeeeeeeeenenn-$365.283