206
THOMSON'S MANUA.
———
per share per annum until Oct. 1, 1928.
At that time stock was split up 8 for 1
and a dividend of 25c¢ per share for the
quarter was paid. Jan. 1, 1929, divi-
dend was raised to 37lc per share per
quarter. The stock was then split 6 for
1 and placed on a dividend of 8c per
share per quarter. On April 1, 1930,
this was increased to 10c per share per
quarter.
Transfer Agent and Registrar: Min-
nesota Loan & Trust Co., Minneapolis,
Minn.
EARNINGS STATEMENT. Year Ending Dee. 31. 1929
ceeeeee-$2,725,617
cee 1.201,642
1,523,974
402,727
300,000
75.000
7,727
746,247
175,158
571.089
Gross INCOME .ooioimiminaaeens
Dperating EXpenses ...ocooccoooemena-
Net INCOME ceieereemsnancaamanans a RRNA a
Interest on Bonds and Notes........ [ eeanaae aman
Depreciation and Depletion. as nee
Niher Deductions (Including Federal TaXes) ocionceninn
Balance for Dividends and Surplus... eee
Preferred Dividends eee me m——— ped CH SR pS Ra
Balance .........
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of
Dec. 31 Dec. 31
1929 1928
25,037 $ 18,254
0,284,555 3,600,000
357,400 22 6&5
5,656 “£6
£5,840 J35
21,782 09
“737
Rt
°R7
of
Jan. 31
1928
ASSETS—
Plant Investment mimes
Investments in Affiliated Companies...
Cash coon ermmrnann
Notes Receivable oon ois eee
Accounts Receivable _........... —-
Interest Receivable iin en
Material and Supplies... emma
Prepayments .ccocceeeecsaccecosscessannaanaasanoa
Advance to Affiliated Companies........ -.
Subscribers to Capital Stock............
Deferred ITteIMS .eoooeiecoocmimciacmammnenemes
Reacguired Securities ct
Dither ASSetS ceceoeecccaccaroiamcmmammamanmaeeeans
TOTAL ABBITE nmin smmmmmnmmmmnants
LIABILITIES
Common Stock ...... ee eeenaamanmecaeanan
Preferred Stock oii aes
Capital Stock Subscribed... ......
Notes Payable .......
Accounts Payable .... ....
Three-Year Gold IT {eS imemimiaaeeees
Advances from Affiliated Companies
Interest Accrued .o.oeiiceccicce smeemarmenas -
Reserves ...... eee eeeam naman cmenn nnn
Snirnlus een —————n
1,658,819
7,311
1,286
4,545
26,277
239,367
13.621
1.951.226
BET
10.088
208.1
C
1,245,800
184,400
371 71,585
500.000 em NEE
C05 72,013
51,885 22,026
658.588 195.402
TOTAL LIABILITIES ..erereeeeo-$12,588,149 $ 4,208,149 $ 1,951,226
Note: Three-year 5% Notes due June 1, 1931, were retired April 1. 1930. when
new issue of $4.500000 69% (nld Bonds was marketed
FUNDED DEBT, As of April 1, 1930
Rate Dated Due Authorized Outstanding
eeeeanennaes 6% 4-1-30 4-1-34 = $4,500,000 $4,500,000
Interest Payable: Apr. and Oct. 1, by to Apr. 1, 1931, at $25 per share; there-
Trustee, or Foreman-State Trust & Sav- after to Apr. 1, 1932, at $30 per share.
ings Bank, Chicago. } Tax Status: Company pays 2% nor-
Trustee and Registrar: Minnesota nal Federal income tax.
Y.oan & Trust Co., Minneapolis, Minn.
Registerable: . As to principal only.
Denominations: $1,000, $500.
Callable: On first of any month aft-
er 60 days notice, at 102% to and in-
cluding Apr. 1, 1931; at 101% to and in-
cluding Apr. 1, 1932; at 100% to and in-
cluding Oct. 1, 1932; thereafter at par
Warrants: Bonds carry warrants en-
titling holder to purchase 5 shares of
Cemmon stock of Minnesota Northern
Power for each $1.000 bond as follows:
Joint Gold Bonds___......
Security: First mortgage on all the
fixed property of Montana-Dakota Util-
ities Co. and Gas Development Co. All
Preferred and Common stock of Mon-
tana-Dakota Power Co. (97%) owned
by Minnesota Northern Power Co..
pledged with Trustee.
Offered by: Banc Northwest Co,
Trust Securities Co., First Wisconsin
Co., Foreman-State Corp., Minneapolis;
First Seattle Dexter Horton Securities
Cao... April. 1930. at var
