REAL ESTAT.
AN
HARRISON HOT SPRINGS HOTEL (CO., LTD., Vancouver, B. C.
HISTORY: Organized in 1925 to build the Harrison Hot Springs Hotel and
exploit the hot springs as a health resort.
BUSINESS: Company operates hotel and natatorium, also operates own hydroelectric
plant supplying own requirements and providing light and power for
all residents of the Harrison Lake district.
PROPERTY: Company owns total of 517 acres in and around Harrison Hot
Springs townsite, potash and sulphur springs carried on books at $45,963, and
buildings and plant carried at $424,336.
OFFICERS AND DIRECTORS: A. D. Anderson, Pres. and Managing Director;
Col. E. J. Ryan, Vice-Pres.; Col. J. F. Keen, Secy.-Treas.; Walter F. Evans, Col.
Nelson Spencer, W. B. Farris, E. B. McDermid.
CAPITALIZATION, Dec. 31, 1929
Lar Value Authorized
3100 $300,000
$10 $550,000
Outstanding
$300,000
$550.000
1.
2
Cum. Pref. Pref. Stock...
Common Stock ..._
7% CUMULATIVE PARTICIPATING
Provisions: Preferred as to assets in
liquidation and to 7% cumulative dividends
beginning Oct. 1, 1929. Participates
equally with common when, if
and after both have received 79% dividends.
Callable: On or before Oct. 1, 1931,
at $102; following two years at 103 and
thereafter at 105.
Voting Power: Sole voting power in
the event 4 quarterly dividends shall
be in default, not to terminate until
such dividends are fullv paid
REDEEMABLE PREFERENCE STOCK
Dividends: Payable quarterly, Jan.
Apr., July and Oct, at the rate of 7%
per annum.
Sinking Fund: After payments of
dividend on preferred; one-half remaining
net profits shall be placed in reserve
for retirement of preferred shares.
Transfer Agent and Registrar: Montreal
Trust Company, Vancouver, B.C.
Public Offering by: Royal Financial
Corporation, Ltd., Sept. 1929, at 100,
with 1 share common as bonus.
HIGHLAND DRIVE APARTMENTS, Seattle, Wash.
FIRST MORTGAGE 6% SERIAL BONDS
Authorized ...._.._. '£,000 year through May 15, 1930, and the bal-Retired
............ 2.600 ance, $163,000, matures May 15, 1931.
Interest Payable: May 15 and Nov.
Dutstanding, June 1, 1¢,0.. oo.
Dated: May 15, 1921. Interest & Principal Payable: At
Due: Two to ten years. office of 8. W. Straus & Co.
Property: 4-story apartment house, Denominations: $1,000, $500, $100.
containing 229 outside rooms, covering Callable: At 102 and interest.
entire city block. Sinking Fund: One-twelfth of the
Lecation: Queen Anne Hill district, amount due for the current year for
bounded by Highland Drive, First Ave, principal and interest must be paid
W., Comstock St., and Second Ave. W,, each month.
Seattle. Tax Status:
Security: First mortgage on land A Mortgagor:
and building. John Graham,
Maturities: Starting with $15,500 Offered by:
Mav 15 1923 and increasing £1.000 each 1921. at 100.
HUNGERFORD HOTEL, Seattle, Washington
FIRST MORTGAGE LEASEHOLD 614% SERIAL COUPON GOLD BONDS
Authorizea cen $260,000 1933, $9,000; 1934, $9,500; 1935, $10,000;
Retired eenanns 4,000 1936, $11,000; 1937, $12,000; 1938, $13,-—_
e— - 000; 1939, $14,000: 1940. $14,000; 1940,
Nutstanding, May 9, 1930............$256,000 $161,000.
Dated: March 1, 1928. Interest Payable: Mar. 1 and Sept. 1.
Due: Serially, 1930-40. Interest and Principal Payable: At
Property: 99-year leasehold on land, office of 8. W. Straus & Co.
75 by 111 ft.,, and 9-story hotel and Trustee: Edwin L. Bowes, Vicestore
building of reinforced concrete Pres., Straus & Co.. Straus Trust Co..
surfaced with brick, containing 174 co-trustee.
guest rooms and 7 kitchenette apart- Registerable: As to principal.
ments. Denominations: $1,000, $500, $100.
Loeation: Northeast corner 4th and Callable: At 103 for the first five
Spring, Seattle. Wash. (75 ft. on 4th years and at 102 thereafter.
Ave.) Tax Status: Company pays normal
security: Closed first mortgage on Federal income tax up to 29%.
leasehold and building. Value of build- Mortgagor: Hillcrest Investment Co.,
ing is appraised at $435,000, and the P. Bassett, Pres.
value of the leasehold estate is $50,000. Legnl Opinion by: Peters & Powell.
Maturities: March 1 of each year; Difered by: S. W. Straus & Co., Mar,
1930. $4.000: 1931. $8.000: 1932. 88.500 328
