216
THOMSON'S MANUAL
NORTHWEST CITIES GAS COMPANY
GENERAL OFFICE: Walla Walla, Wash.
CONTROLLED: By Lone Star Gas Co., Pittsburgh, Pa.
HISTORY: Incorporated under laws of Delaware, Nov. 16, 1928.
BUSINESS: Furnishes artificial gas to the following cities: Walla Walla and
Yakima, Wash.; Astoria, Eugene and Pendleton, Ore, and Lewiston, Idaho.
PROPERTY: Properties include gas holders and modern gas manufacturing
plants with a daily capacity in excess of 2,200,000 cubic feet. The distribution
system includes 201 miles of city mains and 11,401 consumers meters. The cities
served have a population estimated in excess of 103,000
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
-...No Par 100,000 shs 100,000 shs
OFFICERS: H. C. Morris, Pres.; L. B. Denning, F. W. Crawford, T. B. Gregory,
Vice Pres.; D. L. Cobb, Secy-Treas.; D. H. Hulcey, Asst. Secy-Treas.; H. G. Cor-
natzer, Asst. Treas.; David E. Mitchell, Asst. Secy: T. J. Uhl, Asst. Secy: L. L.
Dyer, Compt.
DIRECTORS: F. W. Crawford. R. A. Crawford, L. B. Denning, T. B. Gregory,
H CC Morris.
INCOME STATEMENT, Year Ending Dec. 31, 1929
(As filed with Department of Public Works. Olympia, Wash.)
Gross Revenue ............ eer $386,522
Operating EXPENSE .iiieciiimoiaeecccecneicaesneaneanane ~ 318.367
Net Earnings -......ccccoec.... .....d 68,155
Other INCOME .iemimiemeeeieeieaenae eeeeeee 10,147
Total INCOME .usisimsumissssmsssnismss eeeea$ 78,302
Interest, Amortization, etc. cocci eeeemneeenne 129,073
c.8 50.771
Deficit for vear ......... eee eee mam an—maemememmmnemnmrmm——
BALANCE SHEET. As of Dee. 31, 1929
ASSETS LIABILITIES
Accounts Payable ooo. $0 20,140
Customers’ Deposits .coeecceeeeeee. 29.076
Total Current Liabilities........§ 49,216
Taxes Accrued .ooooooceiccoomcnaennae 47,600
{nterest Accrued mena... 2,769
Due Affiliated Companies....... 364,288
Depreciation Reserve .c.....ccc...... 623,165
Misc. Reserve o.oo... remmennn 157
First Mortgage Ronds................ 1,275,000
Gold Notes ........ eee eeeee 850,000
Capital Stock _.. ceceeeee. 100,000
Surplus .oceeeeaeeee. Co eemreemas 600.121
TOTAL LIARTITI,"TIES ............$3.912.316
Cash ......... comm ———n—
Accounts Receivable
Securities ......
Inventories
Total Current Assets............$ 183,501
Plants, etc. ..ooeoeeeee.. . .... 3,674,582
Misc. Assets eee... 148,155
TOTAL, ASSETS __..
FIITNDED DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized Outstanding
1. First Mortgage Bonds.......... 6% 1-1-29 1-1-49 Open $1,275,000
2. Gold Notes ...... 6% 1-1-29 2-1-31 $1,000,000 $850,000
i. FIRST MORTGAGE SERIAL GOLD BONDS. 6%
Amount Issued: $1,357,500.
Interest Payable: Jan. and July 1,
at the company’s office, or agency, New
York or Chicago.
Trustee: Farmers Loan & Trust Co.,
New York.
Registerable: As to principal.
Denominations: Coupon, $500 and
$1.000, interchangeable.
Callable: As a whole or in part at
any time on 30 days’ notice at 105 to
Jan. 1, 1933, incl.; at 103 to Jan. 1, 1937,
incl.; at 102 to Jan, 1, 1942, incl.; at
101 to Jan. 1, 1948, incl.. and at par
thereafter.
Additional Bonds: Mav be issued uo
to 809% of value of physical property
additions provided net income for 12
months preceding has been at least 13%
times annual interest charges on all
bonds outstanding and to be issued.
Bonds may also he issued for refund-
ing.
Tax Status: Company pays normal
Federal income tax up to 2% and cer-
tain state taxes refunded.
Secured: By a first mortgage on all
the property.
Legal Opinion by: Chapman & Cut-
ler.
Offered by: P. W. Chapman & Co.
eb. 1929 at 9734
