THOMSON'S MANUAL
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
1929 1928 1927
Gross Earnings eeeeeeeae atone aanmenesmnnennceeennee- $12,732,766 $12,526,247 $12,154,452
Operating EXPEeNSesS .ccceimiimmmmmmmmmane = 6,222 ©°¢ 6,061.02 5,808.793
Net Before Deprec. & Taxes... 6,345,659
Taxes and Bridge Rentals... een 1.383,889
Gross Income before Depreciation... ,961,770
Interest and Amortization.............. ~ 583.801
Net Income before Depreciation. 77,969
Dividends Accrued .oooiiiieioiinininas 47.811
930,158
750.665
179,493
23,97
10.18
9.59
1 60
BAalafiCe ccavmmmmmvecivisnmninmmmsmmmmnnnnse mia
Provision for Depreciation..............
Balance Carried to Surplus...........
Earned per share prior preference...
Earned per share first Preferred stock ..
Earned per share Second Preferred............
Earned per share Common stock...
NE
«79
FUNDED DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized
Port. Gen. Elec. 1st Mort... 5% 7-1-05 7-1-35 $10,000,000
City & Sub. Con. 1st Mort..... 4% 6-1-00 - $3,000,000
Port. Ry. Co. 1st & Ref... 5% 11-1-05 ‘ $10,000,000
Port. Ry. L&P 1st Ref. ....... 5% 2-1-12
Sort. Ry. L&P 1st Ref. A...T%% 4-30-%" $75,000,000
Sort. Ry. L&P 1st Ref. B.... 6% 5-1-ort.
El. Pr. 1st Ref. Cueeeeeen618% 5-1-2.
Pac. N.W.P.S.Co. Debentures 6% 3-1-30
Guaranteed Bonds:
Willamette Val Southern.... 69% 2-2-14 2-1-39
Outstanding
$6,877,000
$1,290,000
$5,647,000
$8,510,800
$3,550,000
$11,042,900
$6,966,900
$16,000.000
$637,000
A
Bil
$16,000,000
£2 000.000
1. PORTLAND GEN. ELEC. CO. FIRST MTG. 3% GOLD BONDS
Interest Payable: Jan. 1 and July 1, Federal income tax up to 2%.
.ffice of Harris, Forbes & Co., New Security: First lien on entire proprk.
erty of former Portland General Elec-Trustee:
Bankers Trust Co., New tric Co., assumed by Portland Electric
vork. Power Co. Provided for at maturity
Registrar: Bankers Trust Co.. New by the Portland Ry. Light & Power
Tork. Co. (now Pac. N. W. Public Service Co.)
Registerable: As to principal. First and Refunding 5s of 1942, which
Denominations: Coupon, $1,000. issue it underlies.
Callable: As a whole on any interest offered by: N. W. Harris & Co., and
date at 107% and accrued interest on 4 Perry, Coffin & Burr, Inc, Boston, June,
weeks’ notice. 1905, at 103%.
Sinking Fund: Beginning May 1, Listed on: New York Stock Ex-1915,
of 1% annually of amount of change.
bonds outstanding, to be used in pur- Price Range:
chase of bonds at not exceeding 107% . 1930 1929 1928 1927 1926
and interest. High ..... 103 1005 10314 102% 102%
Tax Status: Company pays normal Low ..... 99 921, 99 997% 993%
2. CITY & SUBURBAN RY. CO. (Now Wirst) MORTGAGE 4% GOLD BONDS
Interest Payable: June 1 and Dec. 1, June 1, 1915, at par and accrued interat
office of trustee. : est. o 1
Princi : Tax Status: ompany pays norma
roi incipal Payables These bonds Were gpogeral income tax up to 2%. .
’ . . Security: First mortgage on railway
Trustee and Registrar: Security Sav- lines serving city of Portland. Providings
& Trust Co., Portland, Ore. ed for at maturity by the Portland
Registerable: As to principal. Elocirly rower Co. First and Refunding
5 i . 5s of 1 »
Denominations: Coupon, $1,000. Price Ranze: 1930, high. 99%: low,
Callable: At anv interest date after 99.
3. PORTLAND RY. FIRST & REFUNDING MTG. 53% GOLD BONDS
Interest Payable: May 1 and Nov. 1, sinking Fund: Payment after Nov.
at office of Redmond & Co., New York. 1, 1920, of $60,000 annually plus 1% of
Trustee: New York Trust Co., New face value of bonds outstanding in ex-York.
‘ cess of $5,982,000, to purchase bonds at
Registra: Pennsylvania Co. for in- not more than 105 or to be drawn by
surance of Lives and Granting Annun- lot at 105. Purchased or drawn bonds
ties, Philadelphia, Pa. are to be kept alive in sinking fund and
Registerable: As to principal. interest thereon added to annual
Denominations: Coupon, $1,000. amount devoted to retirement of bonds.
Callable: At 105 and accrued inter- \
ast on any interest date on 60 davs’ no- Tax Status: Company pays norma.
jee Tederal income tax up to 2%.
