INDUSTRIALS
CONSOLIDATED BALANCE SHEET, Ax of April 30, 1930
ASSETS LIABILITIES
367
Lash ese...
Notes Receivable
Rentals in Arrea.. ........
Employees Subscriptions .....
Accts. Receivable
190
106
987
L678
Overdraft ...
Bank Loan ....
Accts. Payable ..
Dividend Payable .
Income Tax Rese
rere. d 307
coe 30,000
-... 16,728
.. 4.500
eee. 10,437
....562,060
... 30,679
8,292
.300,000
.. §5,630
i wowse 16,051
TOTAL LIABILITIES ..............3502,712
NORTHWESTERN PORTLAND CEMENT COMPANY
GENERAL OFFICE: Dexter Horton Bldg. Seattle, Wash.
HISTORY: Incorporated under laws of Washington, Feb. 13, 1926. Started operation
of plant May, 1928.
BUSINESS: Manufacturing Portland cement,
PLANTS AND EQUIPMENT: Cement plant of 2,000 barrels daily capacity, at
Grotto, King County, Wash., on main line of G. N. Ry. In October, 1929, company
purchased 115-acre waterfront gravel deposit on Maury Island, Puget Sound,
midway between Seattle and Tacoma, and is holding same for future development.
OFFICERS: George Macdonald, Pres.; Dr. W. J. Kerr, Vice Pres.; C. T. W. Hollister,
Sec'y.
TRUSTEES: George Macdonald, C. T. W. Hollister, W. J. Kerr, John Hastie, J
A. Reuter, J. D. Burns, H. K. Metcalf.
GENERAL AUDITORS: Harry Stopp & Co., Portland, Ore.
Fiseal Year Ends: Nov. 30. Annual Meeting: 2nd Friday in January,
CAPITALIZATION, As of Dec. 31, 1929
ar Value Authorized
.. $100 $1.350,000
veen--r..NO Par 23.500 shs
1. 8% CUMUL/ TIVE PREFERRED STOCK
Provisions: Takes preference as to to 2% paid by company.
dividends and assets in case of liquida- Dividends: $71,087 distributed in
tion. i 1929 which paid accrued dividends to
Callable: 3 years from date of issue Oct. 1, 1928.
by majority vote of stockholders, at Transfer Agent: The company
par and accrued dividends. ve
Voting Power: Has equal voting Public Offerink by: The company,
power, one vote per share, with Com- Dec., 1926, at $100 per unit of 1 share
mon stock. Preferred and 1 share Common.
Tax Status: Normal income tax up Number of Stockholders: 500.
INCOME STATEMENT, Year Ending Nov. 30, 1929
Gross Sales ........... eee... $670,127
Cost of Cement............... ... 410.070
Gross Profit
Selling Expense and State TaxXeS.........oococeeeeeeeeeeeoo...
Operating Profit ................
Depreciation and Depletion........
Net Profit _....
Income Taxes .....
Total Current
Property, Equip., iu:
Signs on Rental.
Inventory ......... 0
Deferred Charges ............. .
Territory & .'atern* ‘=hts............
TOTAL ASSETS
aie
7
55
2
"7
27 E0N5
Net Income ............
Preferred Dividends __
Surplus for the Year...
Earned. ver share Preferred, $9.52: per share Common, £2.
PALANC ov. 30, 1929
.S]®T LIABILITIES
.ccounts Payable .....................y 50,837
Reserve for Income Tax...... 16.055
Total Current Liabilities... 66,892
Preferred Stock o.oo... .350,000
Surplus oo, 75,783
TOTAL LIABILITIES .........._$1.492 675
Cash eee,
Accts. Receivable
Inventories
