“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 car-
ries 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, pay-
able 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 com-
rany, but are not secured by mortgage.
“ompany covenants that it will not
pledge or otherwise encumber any of
ts property or assets now owned dur-
ng 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 re-
serves, for extensions .and for better-
ments. 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 di-
vidends but Class A and C have sole
C COMMON STOCK
voting rights.
Dividends: July 1, 1929. 29: Jan. 13,
1930. 59,
