“JDUSTRIA"
LIABILITIE
Preferred Stock creee ermnmeeeeeeeernnnenes esse cnnecenees $ 2,000,000
Common Stock . rereemseemtnnacesnemesecmnsnasnaceraanceneneees 1,301,722
Funded Debt ... EPRINTS ORAS I {111 7% (3111
Notes Payable .... eeeomeecmeeemmeate snr eenesaasmeeanronannaans 775,426
Accounts Payable ..___.. ll een n,014
Accrued Interest, Taxes, etc. .... RNR RRR ES En man mn 1,201
Dividends Payable .. teem meeeececaeememeneeeesmneeeennnnns eae
Depreciation ..... eeeeeeeremeeeemeemeceseereeseanas 3
S1oCKk holders’ ACCOUNLD cumini weimmmmiriietnsivssimmesnanssssntonmmmns
Plant Contract Payable...... i aan
Capital Surplus .. eee emmectceceeessseceesseseeeesemessennnn
Earned Surplus .........
TOTAL LIABILITIES ......
$1,397,400
1,040,450
7,292
,{94
v,121
7,664
7.729
“27
FUNDED DEBT, As of Dec. 31, 192¢
Five-Year Sinking Fund Rate Dated Due Authorized
Gold Debentures ..........................61%% 8-1-29 8-1-34 $1,000,000
Interest Payable: Semi-annually Feb.
and Aug. 1 at Trustee's office.
Trustee: Bank of California, 1 #
Portland, Ore.
Registerable: As to principal.
Denominations: Coupon, $100, $500,
$1,000.
Callable: As a whole or in part on
any interest date on 30 days’ notice at
105 during the first year and at 1%
less each year thereafter.
Warrants: Each $100 Debenture carries
non-detachable warrant, giving
holder the right to purchase 10 shares
of Common stock at $2.50 per share to
July 31, 1931; $3.50 per share from
Aug. 1, 1931, to July 31, 1932; $4.50 per
share from Aug. 1, 1932, to July 31,
1933; $5.50 per share from Aug. 1, 1933,
to July 31, 1934, good until date fixed
for redemption.
Rinking Fund: Based on graduated
Outstanding
$1,000,000
scale of gasoline prices and sales, payable
quarterly, beginning April 1, 1930,
:0 be used for purchase of bonds at not
to exceed redemption price or call by
ot.
Tax Status: Company pays normal
Federal income tax up to 2%.
Security: Direct obligation of comrany,
but are not secured by mortgage.
“ompany covenants that it will not
pledge or otherwise encumber any of
ts property or assets now owned durng
the life of this loan.
Purpose: Issued to provide in part
for purchase money for requisition of
{ new plants known as the “Cushing
Properties” and adjacent gasoline reserves,
for extensions .and for betterments.
etc.
Offered by: Federal Securities Co.,
Portland, Ore., Aug., 1929, at 100. with
warrants.
GORDON & BELYEA, Limited
GENERAL OFFICE: Vancouver, B. C.
HISTORY: Incorporated under B. C. Companies Act, 1914. Acquired through
stock ownership Simson, Balkwill & Co., Ltd. Both companies are now operated
under one management.
BUSINESS: Sale of mill, mine, railway, waterworks and engineering supplies
and ship chandlery and specialties. Company holds several exclusive agencies
for these products in British Columbia.
PROPERTY: Owns reinforced concrete warehouse located on property leased
from Canadian Pacific Ry . Present lease expires in 1934.
OFFICERS: L. Laird Gordon, Pres. & Managing Director; J. F. Belyea, Vice
Pres. in charge of sales; W. E. Wintemute, Vice Pres. in charge of Purchases.
DIRECTORS: L. Liard Gorwon. J. F. Belvea, W. E. Wintemute, J. H. Lawson.
Stanley Burke.
CAPITALIZATION:
I. 7% Cum. 1st Preferred St
2. Class A Common Stock...
? (iass 3 Common Stotk..
I Class CC Common Stoelc
Anthorized
: on
.C
00
000
Dutstanding
"275,000
70,000
8,500
“0.000
<b
1 00
i. 7% CUO» . "IVE FIRST PREFERRED
Provisions: Preferred as to assets fault continues.
and cumulative dividends. Upon vol- Dividends: 79% per annum paid
untary or involuntary liquidation, Pre- quarterly, Apr.,, July, Oct. and Jan. 1
ferred to $105 a share and accrued di- to July 1, 1930.
vidends. Transfer Agent & Registrar: Royal
Callable: As a whole or in part on Trust Company.
30 days’ notice at $105 per share and Public Offering by: Pemberton &
accrued dividends. Son, Vancouver, B. C., Jan. 10, 1929, at
Voting Pewer: When 6 quarterly $100 and accrued dividend, each share
dividends are in arrears, entitled to carrying bonus of 1-5 share of Class
elect majority of directors while de- B non-voting Common stock.
2, CLASS A, B AND
Provisions: Class A. B and C are
entitled to same percentage rate of dividends
but Class A and C have sole
C COMMON STOCK
voting rights.
Dividends: July 1, 1929. 29: Jan. 13,
1930. 59,
