FINANCE

2, CLASS B STOCK
Provisions: Has full voting rights, ment designed to prevent control from
and entitled to participate share for passing out of hands of interests which
share on the same basis as Class A now control it.
stock in earnings, except with respect Dividends: 25 cents a share quarterto
 preference given to Class A stock, ly since Jan. 25, 1929.
in event of dissolution, to receive $25.00 Transfer Agents: West Coast Banper
 share. Control of corporation is corporation, Portland, Ore.; Wells Farvested
 in holders of 1,000 shares of go Bank & Union Trust Co. San Fran-Class
 B stock in which voting power cisco.
alone rests. All Class B stock is held Registrar: West Coast Bancorporaby
 directors of the corporation and is tion, Portland, Ore.; Pacific National
impounded under a voting trust agree- Bank, San Francisco.
"ND EXPENSES 15 Months Ended Mar. 31, 1930
Earned Surplus Dec. 31, 1928... 38.041

GROSS 1M
Profit from Sale .
interest .
Dividends ....
Profit, Sale ~*

. wecurities.. 119,627
eee. 0132
TL 2,718
150.563

179,018
Dividends Declared .. 237,657
Securities Reserve Acc~vnt...... 135,095
Organization Exp. Wr “t n 13,628

Total Gro:
Expenses _
Provision “rr

Net Income ..

Earned Surplus Ma.
“0,57 f£arned per share.
BAIL/™CE SHEET, As of Mar. 31, 1930
JABILITIE.-1650..8

 92,638
.$2.34

ASSET

U. S. Nat. Corp. Stock................$2,635,000
West Coast Nat. Bank.... .......... 1,057,800
Other Controlled Jomp:onie.-. 406,589
Notes Receivable 4,995
Accounts Receive 9.472
Securities wp
Cash ... Os
urn. 4 ? AQ,

Notes Payable cmon
Dividends Payable ..
Provision for Taxes..
Securities Reserve
Class A Stock...
Class B Stock.....
“larned Surplus .

aid

200,000
47,024
45,000
43,941
«40,609
25,000
92,638

Te -

re .

WW)

CTT ES LL.