FINANCE
2, CLASS B STOCK
Provisions: Has full voting rights, ment designed to prevent control from
and entitled to participate share for passing out of hands of interests which
share on the same basis as Class A now control it.
stock in earnings, except with respect Dividends: 25 cents a share quarter-
to preference given to Class A stock, ly since Jan. 25, 1929.
in event of dissolution, to receive $25.00 Transfer Agents: West Coast Ban-
per share. Control of corporation is corporation, Portland, Ore.; Wells Far-
vested in holders of 1,000 shares of go Bank & Union Trust Co. San Fran-
Class B stock in which voting power cisco.
alone rests. All Class B stock is held Registrar: West Coast Bancorpora-
by directors of the corporation and is tion, Portland, Ore.; Pacific National
impounded under a voting trust agree- Bank, San Francisco.
"ND EXPENSES 15 Months Ended Mar. 31, 1930
Earned Surplus Dec. 31, 1928... 38.041
GROSS 1M
Profit from Sale .
interest .
Dividends ....
Profit, Sale ~*
. wecurities.. 119,627
eee. 0132
TL 2,718
150.563
179,018
Dividends Declared .. 237,657
Securities Reserve Acc~vnt...... 135,095
Organization Exp. Wr “t n 13,628
Total Gro:
Expenses _
Provision “rr
Net Income ..
Earned Surplus Ma.
“0,57 f£arned per share.
BAIL/™CE SHEET, As of Mar. 31, 1930
JABILITIE.-
1650..8 92,638
.$2.34
ASSET
U. S. Nat. Corp. Stock................$2,635,000
West Coast Nat. Bank.... .......... 1,057,800
Other Controlled Jomp:onie.-. 406,589
Notes Receivable 4,995
Accounts Receive 9.472
Securities wp
Cash ... Os
urn. 4 ? AQ,
Notes Payable cmon
Dividends Payable ..
Provision for Taxes..
Securities Reserve
Class A Stock...
Class B Stock.....
“larned Surplus .
aid
200,000
47,024
45,000
43,941
«40,609
25,000
92,638
Te -
re .
WW)
CTT ES LL.