INDUSTRIALS

391

FUNDED DEBT, As of Dec. 31, 1929
First (Closed) Mortgage 10-Year
Sinking Fund Convertible Rate Dated Due Authorized Outstanding
Gold Bonds ... ceeee 1% 5-1-26 5-1-36 $250,000 $188,500
Interest Payable: May and Nov. 1 at to trustee for call of bonds by lot if
®irst Seattle Dexter Horton National not obtainable in open market at less
Dank, Seattle, Wash. than 102.
Trustee: First Seattle Dexter Hor- Tax Status: Company pays normal
ton National Bank and North Coast Federal income tax up to 29%.
Dank & Trust Co. Seattle, Wash. ; .
Lo Security: First lien on all assets,
Registerable: As to principal. now or hereafter acquired. .
Denominations $50. , . Legal Opinion by: Schwellenbach,
Callable: On 30 days’ notice on any Merrick & MacFarlane for the comnterest
 date at 102. >any, and Preston, Thorgrimson &
Convertible: Into Class A stock at Turner for the bankers.
rate of 8 shares for each $500 bond. Offered by: Lumbermen’s Trust Co.
Sinking Fund: $1,500 per mo. paid Portland and Seattle, May, 1926, at par

TRANSCONTINENTAL STORAGE & DISTRIBUTING COMPANY, Ltd.
GENERAL OFFICE: Vancouver, B. C.
HISTORY: Incorporated under laws of Canada in 1930 to acquire and operate
the businesses, plants and undertakings of the following companies, either directly
 or through the su"sidiaries, the capital of which is wholly owned (except
$5,000 5% Preferred shares of Crann Storage Co., Ltd.) by the holding company
(except in so far as is necessary for qualifying directors’ shares):
Mainland Transfer Co., Ltd.,, Vancouver: The H. L. Perry Co., Ltd.,, Winnipeg;
Campbell Storage, Ltd., Vancouver; Christie & Co., Edmonton; Crann Storage
Co., Litd.,, Vancouver; The H. L. Perry Co.. Ltd., Calgary: Vancouver Warehouses,
Ltd.,, Vancouver.
BUSINESS: Cartage, storage and distribution of various classes of merchandise.
The field of activities covers the larger centers of Canada which lie to the west
of the Great Lakes and by operating agreements with other companies in other
areas also.
Through its subsidiaries the company has contracts and affiliations with the
Canadian Pacific Ry. Canada Steamship Lines, Ltd., and other companies regarding
 the transportation and storing of incoming and outgoing freight. Pool
car and forwarding is also an important item of business.
OFFICERS: J. A. Campbell, Pres.: George A. Robinson, Managing Director; E.
0. F. Ames, Sec'y.
DIRECTORS: Mervyn Feely, George A. Robinson, Frank D. Gross, J. A. Campbell,
 Melville Dollar, Victor W. Odlum.
GENERAL AUDITORS: Riddell, Stead. Hodges & Winter.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized
First Pref. Stock...co......... 2100 $375,000
Second Pref. Stock........... $100 $375,000
Stock ceseeee-NoO Par 7.500 shs

Outstanding
$210,000
$34,100
6.001 shs

1.

Provisions: Preference as to assets
and 7% cumulative Preferred dividends.
After Dec. 1, 1931, 259% of the annual
net profits will be set aside and will
be used for the redemption of First
Preferred stock.
The salaries of the managing director
 and of executive officers of the
company cannot be increased except by
1 unanimous vote of the directors.
No dividends will be declared or payable
 on the Second Preferred or Common
 shares of the company unless the
assets of the company are ,and are
maintained at a ratio of 1% to 1 of
the First Preferred shares outstanding.
Callable: In whole or in part at $103
and accrued dividends on 30 days’ notice,

Voting Power: The First Preferred
stock shall have a vote during such
Period as pavments of any dividends on
the First Preferred stock remains in

7% CUMULATIVE FIRST PREFERRED STOCK
arrears beyond six months from date
of default and at and during such time
as this applies the Common share voting
 power shall be reduced to the ratio
of one vote per ten shares.
Dividends: Payable quarterly, Mar.,
June, Sept. and Dec. 1. Initial divilend
 of $1.75 paid Mar. 1, 1930.
Ex-Dividend Date: 20th of preceding
month.
Transfer Agent: The London & Western
 Trusts Co., Ltd.
Legal Opinion by: Messrs. Davis,
Pugh, Davis, Hossie, Ralston & Lett
and J. A. Campbell, Vancouver.
Public Offering by: Victor W. Odum,
 Brown & Co. Royal Financial
Jorp.,, Ltd., Pacific Stock & Bond
Jorp.,, Waghorn, Gwynn & Co., Vantrouver,
 B. C., Jan. 1929, at $100, with
onus of 3 shares of Common for each
0 Preferred shares purchased