PUBLIC UTI ™™
BALANCE SHEET, Dec. 31, 1929
LIABILITIES
ASSETS
Preferred Stock ..
“ommon Stock ...... I.
apital Stock Subscrihes
0-Year 5% % Gold Note
Notes Payable ._.
Accounts Payable .
Jonsumers’ Deposits ...........
Advances from Affil. Co.s..
Misc. Current Liab. __.
Taxes Accrued ...
‘nterest Accrued ...
Vise. Acer. Liab. ....
Retirement Reserve ..
Misc. Reserves ..................
Profit & Loss—Surplus........
TOTAL LIABILITIES ............{
T"UNDED DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized
10-Year Gold Notes... b¥%9% T7-1-28 7-1-3R% $600,000
Interest Payable: Jan. and July
by Trustee.
Trustee: Minnesota Loan & Trust
Co., Minneapolis, Minn.
Denomination: $1,000.
Callable: On 30 days’ notice at par,
plus 3% before July 1, 1931; 29% between
July 1, 1931, and July 1, 1934: 1%
thereafter.
~.....§ 803,900
. 1,032,662
2,125
600,000
109.707
57,605
16,511
13,900
3,067
34,883
28,775
T,764
939
,034
«23,073
4.612.935
Outstanding
$600,000
Sinking Fund: $24,000 on Dec. 14,
1930, and semi-annually thereafter in
ncreasing amounts, sufficient to retire
antire issue at maturity. Company may
use fund to call bonds by lot.
Tax Status: Company pays 29% normal
Federal income tax.
Legal Opinion by: Cobb, Hoke, Benson,
Krause & Faegre, Minneapolis.
Minn.
MONTANA POWER COMP
GENERAL OFFICE: Butte, Montana.
EXECUTIVE OFFICES: 2 Rector St.,, New York, N. 1.
CONTROL: By American Power & Light Co.
HISTORY: Incorporated under laws of New Jersey, Dec. 12, 1912, as a consolidation
of Butte Electric & Power Co. Madison River Power Co., Billings & Eastern
Montana Power Co. and (old) Montana Power Co. Capital stock of Idaho
Transmission Co., Montana Reservoir & Irrigation Co. and Great Falls Water
Power & Townsite Co.
BUSINESS: Supplies electric power and light to 84 communities in Montana, including
Butte, Anaconda, Billings and Great Falls. Gas service is supplied at
Butte and electric railway service at Great Falls. Total population served, estimated
at 200,000.
PROPERTY: 245,000 k.w. hydro-electric generating capacity 2,439 miles of high
voltage transmission lines, 903 miles of distribution system, gas works capacity
of 360,000 cubic feet per day, gas holder capacity of 410,000 cubic feet, 28 miles
of gas mains and 17 miles of electric railway track. Plant with generating capacity
of 45,000 k.w., called Morony development, completed in January, 1930.
Acquired during 1929 Helena Gas & Electric Co. and Missoula Public Service
Co., previously controlled by an affiliated company.
OFFICERS: John D. Ryan, Chairman of Board of Directors and Pres.; Frank M.
Kerr, Vice Pres. & Gen. Mgr.; Frank Silliman, Jr., Vice Pres.; Frederick Strauss,
Vice Pres.; J. F. Denison, Sec’'y-Treas.; Stephen P. Hogan, Asst. Sec'y; John C.
Ryan, Vice Pres.; E. W. Hill, Vice Pres.; E. P. Summerson. Asst. Sec'v: J. R.
Thomas, Asst. Treas.; A. C. Ray, Asst. Treas.
DIRECTORS: John D. Ryan, Chairman; Frederic W. Allen, New York; Charles
M. Clark, New York; C. E. Groesbeck, New York: S. R. Inch, New York: Frank
M. Kerr, Butte, Mont.; S. Z. Mitchell, New York; John C. Ryan, Butte: John D.
Ryan, New York; CharlesH. Sabin, New York; Frederick Strauss. New York:
W. D. Thornton, New York; Geo. N. Tidd, New York.
Fiseal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in June.
TET STATION, As of Dee. 31, 1929
Par Value Authorized Outstanding
1. $6 Series Cum. Pref. Stocn..........No Par 152,154 shs 63,352 shs
3. Common Stock .occecceeceecceaeaeeno...NoO Par 3,760,000 shs 2,481,665 shs
Note: On April 29, 1929, authorized Common stock was increased from 750,000
shares to 3,750,000 and par change from $100 to no par 152.154 shares Preferred
also authorized
