JLIC UTILIT. if 
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95 
six months (after certain deductons as 
30 or December 31, to the extent that 
earnings available for dividends on the 
Common stock of the company for such 
provided in the Indenture) shall be suf- 
ficient. Such participating interest 
will not be cumulative, but, to the ex- 
tent earned, payment will be manda- 
tory. 
sinking Fund: A Sinking Fund will 
be provided, beginning April 1, 1933, in 
semi-annual installments, calculated to 
retire the entire issue at or before ma- 
turity. 
Tax Status: Company pays normal 
Federal income tax up to 2% and re- 
funds personal property tax of any 
state in the Union. 
Security: Direct obligation of the 
company subject to £3.000,000 first 
mortgage. So long as any of the De- 
sentures are outstanding, the company 
will not issue any bonds or obligations 
(other than said first mortgage bonds 
»r bonds or obligations, not exceeding 
33,000,000, principal amount, issued to 
refund said first mortgage bonds) se- 
ured by mortgage or other lien upon 
‘he franchise for the construction and 
yperation of the bridge or upon any 
eal property or interest therein, un- 
ess the debentures are secured by a 
rior lien on all property of the bridge 
ompany securing such bonds or obli- 
zations. 
Legal Opinion by: Cravath deGers- 
jorff, Swaine & Wood, New York; War- 
ren H. Lewis, Seattle. 
Offered by: J. & W. Seligman, New 
York, Oct., 1928 
EAST KOOTENAY POWER COMPANY, Ltd. 
GENERAL OFFICE: Fernie, B.C. 
EXECUTIVE OFFICE: 355 St. James St. West, Montreal, Que 
CONTROL: By Power Corporation of Canada. 
HISTORY: Incorporated under laws of Dom. of Canada, March, 1922, for the 
purpose of acquiring the assets of British Columbia & Alberta Power Co, Ltd. 
BUSINESS: Developing and distributing hydroelectric energy throughout the 
southeastern section of British Columbia and the southwestern part of Alberta. 
PROPERTY: Company owns land and leases from the DB. C. Provincial Govern- 
ment water rights on the Bull River near the town of Dull River. Power is 
developed at this site with an installed capacity of 7200 h.p. Company also owns 
a power site on the Elk River near the town of Elko, B. C., developing 15,000 h.p. 
The initial development at Bull River was completed and placed in operation the 
latter part of April, 1922, and has seven substations located at the premises of 
some of the more important consumers in the district with whom the Company 
has signed contracts for power. A Steam Station at Sentinal, Alta., of 15,000 h.p. 
capacity, supplements the existing supply of hydroelectric power. Company has 
225 miles of high tension lines in operation. 
OFFICERS: A. J. Nesbitt, Pres.: Jas. B. Woodyvatt, Vice-Pres.; A. B. Sanborn, 
Gen. Mgr.; L. C. Haskell, Secy.; Chas. Johnstone, Treas.; V. J. Nixon, Asst. Secy. 
DIRECTORS: A. J. Nesbitt, Jas. B. Woodyatt, E. R. Parkins, K.C, Gordon W. 
Scott, P. A. Thomson, L. C. Haskell, all of Montreal, Que. 
GENERAL AUDITORS: Price, Waterhouse & Co. Montreal. 
Fiscal Year Ends: March 31st. Annual Meeting: June. 
Number of Employees: 100. 
CAPITALIZATION, As of Dee. 31, 1929 
Par Value Authorized 
1. 79% Cumulative Prev. Sock ........... $100 50,000 Shs. 
2. Common Stock . No Par 50.000 Shs. 
i. 7% CUMULATIVE PREFERRED STOCK. 
Provisions: Preferred as to assets on Mar., June, Sept. and Dec. 15th. 
and 7% cumulative dividends. Ex-Dividend Date: Feb. 28th, May 
Callable: At 105 plus accrued and 31st, Aug. 31st, Nov. 30th. 
unpaid dividends on thirty davs’ notice Transfer Agent: Montreal Trust Co. 
any dividend date. Montreal. 
Voting Power: Votes only when 4 Registrar: Eastern Trust Co., Mon- 
quarterly cumulative dividerids are in treal. 
default, and so long as the Company Public Offering by: Nesbitt, Thom- 
is in default in the payment of any con & Co.. Ltd., July, 1924, at 97%. 
quarterly dividend on the Preferred a ’ : o ’ 
Shares. Number of Stockholders: 480. 
Dividends: 13:9 pavable quarterly listed on: Montreal Curb Market 
2. COMMON STOCK. 
Voting Power: 1 vote for each share. Registrar: Eastern Trust Co, Mon- 
Dividends: None paid to date. treal 
Transfer Agent: Montreal Trust Co., ’ . 
Martraa Listed on: Montreal Stock Exchange. 
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 3: 
cq 
Gross Earnings o.oo 
Operating EXpenses ooo. 
1928 
38,842 
10.497 
f 
775 
- mn 
Net Earnings _._. 
PES 
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