INDUSTRIAL:
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Feb. 28
ASSETS 1930 1929
Plants and Equipment... ._ erence eemomnenan $7,142,716 $7,185,753
Cash with Trustee for Bondholders..........____..___ RE id 40,030
Investment ................... RS RSNA SHAE fom mbm mswmm 28,692 16,889
Prepaid INSUFANCE ci iii iacaeea cease seers eeeene eee ree cane 50,047 66,292
Organization Expense _.._......... Sn RE ER He 8 17,041 34,432
Other Prepaid Items.................. mmeocemeeeamamaean T2699 2,428
Current Assets:
Cash ...... — f "89 728
Accts. Rec, Less Res...... °c? “ng
Inventories-Fish
........
Supplies .............
Packing Expense ..
Total Current Assets......
TOTAL ASSETS .....
LIABILITIES—
Minority Interest in Subsidiaries...
Purchase Money Obligations... a.
Funded Debt of Subsidiaries. ......occooooooooeeeeeeeeeeens
Capital Stock of Subsidiaries...
Preferred Stock .. A ——————
Common Stock . eee rename e——————
BUrDIUS cocwonvicossonmene eeementmeeieneeeaeenenneenomaannn
Current Liabilit;]
Bank Loans ..........
Accounts Payable .ooooeeemenei
Res. for Income and Pack. Tg vc...
£,036
“4,945
47,200
916,900
3,730,300
715.259
25000
a:
156 £923
2/646
.. 0,800
961,500
AT
690.3.
nee
Total Current Liabilitie.
TOTAL LIABILITIES coon.
Net Working Capital ooo
Ratio Current Assets to Current Liabilities.......
Book Value Common Shares....... reece toeeemmamamnmennenrnne ane
FUNDED DEBT
Wallace Fisheries Rate Dated Due Authorized Outstanding
First Mtge. Debentures.......... 6% 1-10-11 1-10-36 900,000 $447,200
Interest Payable: Jan. 10th. Security: First mortgage on all assets
Trustee: Montreal Trust Co. of Wallace Fisheries and uncondition-Registerable:
As to principal. ally guaranteed bv B. C. Fishing &
Denominations: $100, $500, Coupons. Packing Co.
Callable: At par on anv interest date
BRODER CANNING COMPANY, LTD.
GENERAL OFFICE: New Westminster, B .C.
HISTORY: Incorporated under laws of British Columbia, 1917, for the purpose
of i3king over the business of the Broder Canning Co.. which was established
in 1910.
BUSINESS: Operates packing and canning plants in New Westminster, B. C,
Edmonton, Alberta, and Medicine Hat. Specializes in production and canning of
peas with some 20 other lines. Put up under “Royal City” brand.
DIRECTORS: Robert R. Broder. C. H. Reed, Mrs. V. F. Broder, C. W. Moore, H.
C. Wade, L. A, Lewis.
CAPITALIZATION: Par Value Authorized Outstanding
1. 7% Cum. Preferred Shares.............. $100 $300,000 $150,000
2. Common Shares ... eee = $100 $350.000 $192,900
1. 7% CUMULATIVE REDEEMARLE PREFERRED SHARES
Provisions: Preferred as to assets Voting Power: Has no voting rights
and 7% cumulative dividends from July except upon any resolution for the vol-1,
1929. In voluntary liquidation en- untary liquidation of the company or
titled to $105 a share and in involun- for altering the regulations of the comtary
liquidation to $100, in each case pany in any way so as directly to inwith
accrued dividends. ierfere with the rights and privileges
~Additional amount may be issued at attached to such shares, when holder
discretion of the directors. Proceeds shall be entitled to one vote per share,
to be applied in whole to increasing nor shall they qualify any person to be
fixed assets or for providing additional a director of the company.
working capita y reduction of cur- ol 2 i
pent Viskilities, No increase shall be aide Ties Paid quarterly. Jan. 1,
made unless consent is first obtaine “ re a . -
of the holders of 66% of the then au- Nransfer Agent and Registrar: West.
thorized outstanding Preferred shares, B Ce e 0s Oy '
re votes to be cast at a special meet- Legal Opinion by: R. L. Maitland,
Callable: On 60 days’ notice at the K. C.. Vancouver, B. C.
option of the company at $105 and ac- Public Offering by: Reed, Henderson,
crued dividends. Ltd., Vancouver, Julv 1. 1929 at 99
